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CURIOSITYSTREAM INC

CuriosityStream

CuriosityStream Inc is a media and entertainment company. It offers premium video programming across the principal categories of factual entertainment, including science, history, society, nature, lifestyle, and technology. Its mission is to provide premium real entertainment that informs, enchants, and inspires. Its product and services are Direct to Consumer Business, Partner Direct Business, Bundled Distribution, Content Licensing, Enterprise Subscriptions and Others. The majority of the revenue comes from the Direct to direct-to-consumer business.

CuriosityStream Inc. - Class A Common Stock

CuriosityStream Inc

Curis Inc

Federal prosecutors have brought charges against seven men in what is now regarded as the largest jewelry theft in American history.
What Happened: The group allegedly stole $100 million worth of gems and watches from a Brinks armored truck in California in 2022, NBC <a href="https://www.nbcnews.com/news/us-news/seven-california-men-charged-largest-jewelry-heist-us-history-prosecut-rcna213605">reports.</a> 
According to the U.S. Attorney's Office for the Central District of California, the men were indicted last week on charges related to conspiracy and theft from interstate and foreign shipments. Five of them face more counts related to robbery and interfering with commerce.
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45990167/jamie-dimon-sounds-alarm-on-us-immigration-policies-obsolete-tech-in-defense-strategy-well-be-out-of-missiles-in-seven-days">Jamie Dimon Sounds Alarm On US Immigration Policies, Obsolete Tech In Defense Strategy: &#8216;We&#8217;ll Be Out Of Missiles In Seven Days&#8230;&#8217;</a>
What To Know: The indictment states that Padilla, one of the accused, scouted a jewelry show in San Mateo on July 8, 2022. Two days later, the suspects allegedly tracked a Brinks truck carrying 73 bags of valuable items. On July 11, they reportedly stole 24 of those bags while the truck stopped in Buttonwillow and Lebec.
After the theft, the group reportedly traveled to East Hollywood. Some of the stolen goods were recovered during search warrant operations this week, but the total value of the retrieved items is not known.
Prosecutors say the stolen goods included <a href="https://www.benzinga.com/markets/commodities/25/06/45971364/golds-glory-days-numbered-citi-predicts-shock-25-crash-by-2026-heres-why">gold</a>, diamonds, rubies, emeralds, and <a href="https://www.benzinga.com/money/how-to-invest-in-watches">luxury watches</a>, amounting to a reported $100 million loss.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45988762/palantir-rejects-surveillance-claims-after-being-compared-to-nazi-collaborators-touts-pltrs-transparent-lineage">Palantir Rejects Surveillance Claims After Being Compared To Nazi Collaborators, Touts PLTR&#8217;s &#8216;Transparent Lineage&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Legal

7 Indicted After $100 Million Worth Of Gems, Gold Vanish In Largest Jewelry Heist In US History

News

ARRY

Array Technologies To Acquire APA Solar For $179M, Expanding Product Portfolio And U.S. Manufacturing Footprint

Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has been in the headlines recently for all the wrong reasons. In the aftermath of the fatal aircrash in India's Ahmedabad, when a <a href="https://www.benzinga.com/markets/25/06/45911791/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedabad-b">Boeing 787 Dreamliner</a> operated by Air India crashed into a residential area moments after takeoff, serious questions have been raised regarding the safety and quality of Boeing aircraft.
AI 171 carried over 242 people on board, including the crew, of which only one passenger survived the crash. The accident also led to dozens of lives lost on the ground. In the aftermath, Boeing released a statement saying that "a Boeing team stands ready to support the investigation led by India&#8217;s Aircraft Accident Investigation Bureau."
However, a trend emerged on social media, which signalled a shift in perspective among the consumers who were denouncing the American aircraft manufacturer following the incident.
If It's Boeing, I'm Not Going
Many users took to social media platform X to express their discontent with Boeing. "If it's boeing, i ain't going is a great heuristic to keep living life," said one social media user.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;if it&#39;s boeing, i ain&#39;t going&quot; is a great heuristic to keep living life
&mdash; Paarug Sethi (@paarugsethi) <a href="https://twitter.com/paarugsethi/status/1933091502647058567?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">if it&#39;s boeing, i am not going &#x1f480;<a href="https://twitter.com/hashtag/AirIndia?src=hash&amp;ref_src=twsrc%5Etfw">#AirIndia</a> <a href="https://t.co/sJA5c9MG5Y">pic.twitter.com/sJA5c9MG5Y</a>
&mdash; tung tung tung tung tung tung sahur (@vegchickennn) <a href="https://twitter.com/vegchickennn/status/1844755361414451483?ref_src=twsrc%5Etfw">October 11, 2024</a></blockquote>
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Another user shared that they would prefer Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>) over Boeing in a post on X. "If it's Boeing, then I am not going. If it's Airbus, then I still have trust."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If it's <a href="https://twitter.com/hashtag/Boeing?src=hash&amp;ref_src=twsrc%5Etfw">#Boeing</a>, then I am not <a href="https://twitter.com/hashtag/Going?src=hash&amp;ref_src=twsrc%5Etfw">#Going</a> If it's <a href="https://twitter.com/hashtag/Airbus?src=hash&amp;ref_src=twsrc%5Etfw">#Airbus</a>, then i still have <a href="https://twitter.com/hashtag/Trust?src=hash&amp;ref_src=twsrc%5Etfw">#Trust</a> .<a href="https://twitter.com/hashtag/Few?src=hash&amp;ref_src=twsrc%5Etfw">#Few</a> will get this..
&mdash; ᴏᴍᴀᴀɴ &#x1f1ee;&#x1f1f3; (@OmaanSuri) <a href="https://twitter.com/OmaanSuri/status/1934184179513925749?ref_src=twsrc%5Etfw">June 15, 2025</a></blockquote>
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This highlights growing sentiment against the plane maker, which has maintained that its aircraft are safe, among people. Let's take a closer look at some of Boeing's previous incidents.
A look at Boeing's tumultuous last few years&nbsp;
Boeing has been under scrutiny over the safety of its aircraft. In 2011, Boeing introduced the 787 Dreamliner with Japan's All Nippon Airways. However, the aircraft experienced multiple incidents involving the Lithium-ion batteries catching fire, which resulted in the 787 Dreamliner <a href="https://www.benzinga.com/news/travel/25/06/45926295/elon-musk-once-said-boeing-had-too-many-non-technical-managers-whistleblower-flagged-flawed-787-dreamliner-manufacturing-all-the-warnings-before-air-india-plane-went-down-with-242-lives">being grounded in 2013 </a>by the FAA.
Also Read: <a href="https://www.benzinga.com/25/04/44811150/faulty-bathroom-latches-could-cost-boeing-34-million-following-faa-directive">Faulty Bathroom Latches Could Cost Boeing $3.4 Million Following FAA Directive</a>
Questions were raised after three separate whistleblowers came out to highlight the aircraft manufacturer&#8217;s lax production practices and called into question the safety of the aircraft. One of the whistleblowers, John Barnett, was found dead days before being a witness at a trial involving Boeing, from an apparent <a href="https://www.benzinga.com/general/24/03/37628105/boeing-whistleblower-found-dead-from-alleged-self-inflicted-wound-days-before-he-was-set-to-testify">self-inflicted gunshot wound</a>.
Besides trouble with the 787, the 737-MAX aircraft has also experienced its share of incidents, like the 2018 Lion Air Flight 610 crash and the Ethiopian Airlines Flight 302 in 2019, both of which resulted in a combined loss of over 346 lives.
Following the crashes, the FAA decided to ground the 737 MAX aircraft. Boeing was also under the DOJ radar as the agency prosecuted the aircraft manufacturer. However, Boeing <a href="https://www.benzinga.com/news/legal/25/05/45481977/boeing-may-reportedly-once-again-dodge-prosecution-over-737-max-crashes-victims-families-slam-dojs-potential-agreement-as-backroom-deal-dressed-up-as-a-legal-proceeding">avoided prosecution</a> after a $1.1 billion agreement with the DOJ. 2024's Jeju Air Crash, which took over 179 lives, also brought Boeing under public scrutiny over its aircraft.
Boeing vs Airbus
Both Boeing and Airbus have thousands of aircraft currently in service; 14,000 and 12,000, to be exact, according to both companies. "Boeing and Airbus aircraft are fairly similar in many respects," aviation expert Bernard Lavelle told <a href="http://pro.benzinga.com/dashboard">Benzinga</a>. 
"For the Boeing 737 Max series, you have the Max 8&amp;9 currently flying and the Max 7 &amp; 10 are awaiting approval. The Airbus equivalent is the A320/A321 series," he added.
Additionally, Airbus uses a Fly-by-wire system in its aircraft, while Boeing employs artificial speed stability with manual trim. Boeing aircraft also use a yoke for steering, while Airbus employs sidesticks, which are ergonomic but provide lesser visual feedback.
"Airbus uses ECAM (Electronic centralised aircraft monitoring) for system monitoring and provides see-and-do checklists, while Boeing uses EICAS (Engine indicating and crew alerting system), which only alerts pilots of failures," Lavelle shared.
So, is Airbus safer than Boeing?
"Statistically, there is not a huge difference in safety between Boeing and Airbus aircraft. They have had a similar number of incidents, when adjusted for the number of aircraft from both manufacturers that are in the market," Lavelle added.
Also Read: <a href="https://www.benzinga.com/news/travel/25/05/45692905/faa-extends-program-allowing-boeing-to-conduct-inspections-on-agencys-behalf">FAA Extends Program Allowing Boeing To Conduct Inspections On Agency&#8217;s Behalf</a>
Both aircraft manufacturers have had comparable safety track records, according <a href="https://asn.flightsafety.org/asndb/types/DB">to</a> Aviation Safety Network data. However, Lavelle did acknowledge the recent air crashes involving Boeing aircraft. "The challenge for Boeing is that their aircraft have been in a number of high profile incidents in the last few years," he said.
The road ahead for Boeing
While the manufacturer has been under scrutiny for its safety and quality concerns, Boeing has been making the right moves. "[Kelly] Ortberg seems to be doing the right things by tackling the culture at Boeing, getting it back to focus on safety and engineering excellence, which seemed to be lost under previous CEO&#8217;s," Lavelle shared.
Also Read: <a href="https://www.benzinga.com/news/25/06/45855902/why-jeff-bezos-might-emerge-as-the-biggest-winner-in-the-trump-musk-feud">Why Jeff Bezos Might Emerge As The Biggest Winner In The Trump-Musk Feud</a>
Boeing has also been making moves in the <a href="https://www.benzinga.com/news/space/25/06/45827130/nasa-delays-boeing-starliner-flight-to-2026-amid-ongoing-technical-challenges">space exploration sector</a>. However, the company's ambitions could be more difficult to realize than previously thought, as the Starliner, which is the company's flagship space vehicle, has encountered difficulties in development.
As for the AI 171 crash, black box data could point to what went wrong. "There are a lot of speculative theories out there at the moment," Lavelle said before adding that it "does appear to have been some form of power loss but as yet we do not know why." In the aftermath, however, authorities in India <a href="https://www.benzinga.com/markets/equities/25/06/45919464/boeing-faces-fresh-turmoil-as-india-mulls-787-8-grounding-after-fatal-crash-ceo-kelly-cancels-paris-trip-report">could ground the 787 Dreamliner</a> fleet in the country.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45900237/boeing-rival-airbus-says-it-can-hit-2025-delivery-goals-amid-delays-caused-by-supply-chain-constraints">Boeing Rival Airbus Says It Can Hit 2025 Delivery Goals Amid Delays Caused By Supply Chain Constraints</a></li>
</ul>
Photo courtesy: JHVEPhoto / Shutterstock.com

Tech

EADSF

'If It's Boeing, I'm Not Going:' Why Some People Are Turning Their Backs On The American Plane Maker In Favor Of Rival Airbus

Future Fund LLC's managing director, Gary Black, set a $310 price target for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) ahead of the company's Robotaxi launch in Austin on June 22.
What Happened: The investor gave a breakdown of positive and negative factors that could affect Elon Musk's EV giant's stock performance in a post on social media platform X on Tuesday.
As far as positive catalysts go, the investor shared that the Trump administration's decision to "streamline" federal processes will allow Tesla to "secure general unsupervised autonomy license nationally," he said.
Other factors include an affordable model in the company lineup, as well as possible FSD licensing opportunities. Black also outlined the Cybercab as well as the Optimus line of humanoid robots, both of which are slated for a 2026 production date.
However, he did highlight some negative factors as well, like the government <a href="https://www.benzinga.com/markets/tech/25/06/45965638/amid-trumps-anti-ev-push-senate-republicans-propose-tax-bill-to-axe-7500-ev-credit">axing the $7500 EV credit</a>, as well as the failure to update the lineup and reliance on discounts. "Trump admin restricts state efforts to control carbon emissions, which could significantly reduce TSLA ZEV sales," Black said.
The investor also highlighted Tesla's declining EPS as well as delivery estimates for 2025 as a negative factor. "TSLA 2025 P/E of 170x too high relative to FY'25-‘30 EPS growth of +25% CGR. Avg forward P/E past 3 years 80x," Black said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> Summary &#8211; 6/17/2025 Positive Catalysts: 1/ Trump streamlines federal process allowing TSLA to secure general unsupervised autonomy license nationally 2/ More affordable vehicle launch in 2025/3Q can expand TAM if it's a different form factor (e.g. hatchback, smaller M-Y).…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1935114681405841489?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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Why It Matters: The investor's thoughts come as Tesla, which is reportedly <a href="https://www.benzinga.com/markets/tech/25/06/45989148/tesla-will-shut-down-production-at-the-texas-gigafactory-over-the-4th-of-july-weekend">shutting down its Texas gigafactory</a> over the Fourth of July weekend, is preparing for its Robotaxi launch. The company was recently also officially named as an <a href="https://www.benzinga.com/markets/tech/25/06/45854273/elon-musks-tesla-officially-named-av-operator-in-austin-ahead-of-robotaxi-launch">AV operator in Austin</a>.
In what could prove to be a boost for Tesla, Senate republicans have axed the <a href="https://www.benzinga.com/news/politics/25/06/45988847/senate-republicans-axe-250-annual-fee-on-evs-100-fee-on-hybrids-in-tax-bill-proposal-report">$250 annual fee</a> on EV owners from their tax bill proposal despite U.S. President Donald Trump's <a href="https://www.benzinga.com/news/politics/25/06/45943245/trump-says-he-was-amazed-that-tesla-ceo-elon-musk-endorsed-him-despite-his-anti-ev-stance">anti-EV push</a>.
Elsewhere, recent data shows that <a href="https://www.benzinga.com/markets/tech/25/06/45966726/tesla-vehicle-production-cost-1-7-that-of-waymo-elon-musks-ev-giant-closer-to-full-autonomy-than-competition-report">Tesla's vehicles cost 1/7</a> that of Robotaxi rival Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo and that the EV giant has collected data from over 3 billion miles.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="206" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18055318/TSLA-JUN-18-2025-1-1024x206.jpg" alt="" class="wp-image-953601" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18055318/TSLA-JUN-18-2025-1-1024x206.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18055318/TSLA-JUN-18-2025-1-300x60.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18055318/TSLA-JUN-18-2025-1-768x155.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18055318/TSLA-JUN-18-2025-1-1536x309.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18055318/TSLA-JUN-18-2025-1.jpg 1549w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45988738/tesla-robotaxi-rival-waymo-expands-services-in-california-amid-us-autonomous-vehicle-push">Tesla Robotaxi Rival Waymo Expands Services In California Amid US Autonomous Vehicle Push</a></li>
</ul>
Photo courtesy: Shutterstock

GOOG

GOOGL

TSLA

Tesla's Robotaxi Launch Could Be Key To $310 Price Target, Says Gary Black

U.S. futures were trading higher on Wednesday as oil futures tumbled after President Donald Trump called for an "<a href="https://www.benzinga.com/markets/market-summary/25/06/45988507/trump-demands-irans-uncoditional-surrender-stock-futures-remain-steady-defense-shares-trade-higher-in-after-hours-trading">Unconditional Surrender</a>" of Iran late Tuesday.
Trump also stated in one of his Truth Social posts that the U.S. knows exactly where Iran's "Supreme Leader" was hiding, highlighting that he was an "easy target.&#8221;
Meanwhile, investors expect the <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45978856/federal-reserve-rate-cuts-trump-tariffs-what-to-watch-wednesday">Federal Reserve</a> to <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45978856/federal-reserve-rate-cuts-trump-tariffs-what-to-watch-wednesday">hold rates</a> steady at 4.25%-4.50% on Wednesday, to &#8220;wait and see&#8221; the impact of tariffs on the economy.
The 10-year Treasury bond yielded 4.38% and the two-year bond was at 3.94%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 99.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
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<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.21%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.28%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.36%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.24%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 0.32% at $599.43, while the QQQ advanced 0.37% to $531.02, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks ended lower on Tuesday, with energy stocks being the exception, while most S&amp;P 500 sectors declined, led by significant losses in health care, materials, and consumer discretionary stocks.
The Dow Jones index fell approximately 300 points amid heightened geopolitical concerns following an Axios News <a href="https://www.axios.com/2025/06/17/trump-situation-room-meeting-iran-israel-war">report</a> that President Trump will convene with his national security team in the White House Situation Room to address the intensifying Israel-Iran conflict. 
In stock-specific news, Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) outperformed with stronger-than-expected third-quarter earnings. CERo Therapeutics Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) surged 189% after securing FDA Orphan Drug Designation for CER-1236 in treating acute myeloid leukemia.
On the economic front, U.S. retail sales dropped 0.9% month-over-month in May, worse than the anticipated 0.7% decline. U.S. import prices remained flat in May, while export prices fell 0.9%. U.S. industrial production also disappointed, declining 0.2% in May against expectations of a 0.1% increase.
The Dow Jones index ended 299 points or 0.70% lower at 42,215.80, whereas the S&amp;P 500 index fell 0.84% to 5,982.72. Nasdaq Composite declined 0.91% to 19,521.09, and the small-cap gauge, Russell 2000, tumbled 1.04% to end at 2,101.96.
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<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.91%</td>
<td>19,521.09</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.84%</td>
<td>5,982.72</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.70%</td>
<td>42,215.80</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.04%</td>
<td>2,101.96</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Analysts at BlackRock stated that uncertainty around the economic impact of tariffs and inflation volatility will keep the &#8220;Fed on hold for now.&#8221;
&#8220;Longer term, persistent inflation pressures from tariffs and a tight labor market will likely limit how far the Fed can cut, even if tariff-driven supply disruptions dent growth,&#8221; the BlackRock note stated.
Analysts also anticipated that long-term U.S. bond yields can rise, keeping them &#8220;underweight.&#8221; BlackRock reiterated that it <a href="https://www.benzinga.com/general/market-summary/25/05/45512310/blackrock-bets-on-inflation-goes-overweight-inflation-linked-bonds-amid-us-fiscal-sustainability-challenge-heres-a-list-of-etfs-investors-can-consider">preferred inflation-linked bonds,</a> &#8220;even if they are yet to reflect long-term inflation pressures.&#8221; 
&#8220;We favor infrastructure equity, like stakes in airports and data centers: its returns are buffered from inflation and it outperforms amid supply constraints and high inflation. Private markets are complex and not suitable for all investors,&#8221; said the note.
Tariffs and any sustained oil price rises from the Israel-Iran conflict could leave other central banks facing weaker global growth, explained experts. &#8220;Should the conflict affect the security of critical trade routes, supply disruptions could add to inflation pressures,&#8221; it added.
&#8220;We think the Fed will keep rates steady as it waits for tariff impacts to materialize. Mega forces keep us overweight U.S. stocks.&#8221;
Ed Yardeni highlighted the latest Summary of Economic Projections, which will be released later today, along with the Fed&#8217;s decision on interest rates.
&#8220;Odds are that its median economic forecasts will show slow economic growth with a slight increase in the unemployment rate and a modest short-term uptick in inflation&#8211;all mostly consequences of President Donald Trump&#8217;s tariffs and now the war between Israel and Iran,&#8221; he said.
Add that &#8220;the SEP is likely to signal a couple of small cuts in the federal funds rate in the coming months. But Powell will certainly reiterate that the FOMC is in no hurry to do so.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul class="wp-block-list">
<li>May&#8217;s housing starts data, building permits data, and the initial jobless claims data for the latest week will be out by 8:3 a.m. ET.</li>
<li>The Federal Open Market Committee will announce its interest-rate decision at 2:00 p.m. ET.</li>
<li>Federal Reserve Chairman Jerome Powell will address a press conference at 2:30 p.m. ET.</li>
<li>On Thursday, markets will remain closed on account of the Juneteenth holiday.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) was up 0.37% in premarket on Wednesday as analysts expect it to report quarterly earnings of $1.26 per share on revenue of $689.90 million, before the opening bell.</li>
<li>GMS Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) was unchanged at 0.10% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $1.11 per share on revenue of $1.30 billion.</li>
<li>Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) advanced 2.58% as analysts expect it to report quarterly earnings of $3.28 per share on revenue of $52.91 million, after the closing bell.</li>
<li>Beyond Air Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) dropped 21.33% after posting mixed fourth-quarter results. Quarterly revenue came in at $1.15 million, which missed the Street estimate of $1.39 million.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) was 2.44% lower after it reported a $300 million proposed private placement of Convertible Senior Notes.</li>
<li>Ryde Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NYSE">RYDE</a>) jumped 12.81% as it announced the acquisition of a strategic 40% shareholding in Atoll Discovery Pte. Ltd. (&#8220;Atoll&#8221;), a Singapore-based electric vehicle rental company.</li>
<li>PTL Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLE#NASDAQ">PTLE</a>) surged 108.74% after approving a dual-class share structure on June 16, 2025. Shareholders also approved share consolidation and related amendments.</li>
<li>Focus Impact BH3 Acquisition Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFX#NASDAQ">SAFX</a>) zoomed 57.06% after appointing a new six-member Board of Directors after its Nasdaq listing and business combination.</li>
<li>GlycoMimetics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBIO#NASDAQ">CBIO</a>) slumped 59.38% after Crescent Biopharma completed its merger with the firm and closed a $200 million private placement led by prominent healthcare investors.</li>
<li>Biomea Fusion Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) plummeted 26.21% after announcing a proposed public offering of common stock and warrants</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 1.05% to hover around $72.50 per barrel.
Gold Spot US Dollar fell 0.24% to hover around $3,380.62 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.17% at the 98.6510 level.
Asian markets ended on a mixed note on Wednesday as China&#8217;s CSI 300, South Korea's Kospi, and Japan's Nikkei 225 indices rose. While Hong Kong's Hang Seng, Australia's ASX 200, and India's S&amp;P BSE Sensex indices declined. European markets were flat in early trade.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45969197/mark-cuban-floats-bold-healthcare-plan-zero-premiums-to-insurance-companies-with-a-cash-pay-revo">Mark Cuban Floats Bold Healthcare Plan: &#8216;Zero Premiums To Insurance Companies&#8217; With A Cash-Pay Revolution</a></li>
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Photo courtesy: Shutterstock

Equities

BMEA

BTDR

CBIO

CERO

ESEA

PTLE

RYDE

SAFX

XAIR

US Stocks Likely To Open Higher Despite Trump's 'Unconditional Surrender' Call: All Eyes On Powell As Experts Predict Inflation Will Limit Fed's Rate Cut Capacity

ASTS

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The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">T-Mobile US Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)</h3>
<ul class="wp-block-list">
<li>According to a Reuters report, SoftBank offloaded 21.5 million T-Mobile shares at $224 each. This price point reflects a discount of approximately 3% compared to T-Mobile's closing price of $230.99 on Monday. The company's stock fell around 9% over the past month and has a 52-week low of $173.74.</li>
<li>RSI Value: 23.9</li>
<li>TMUS Price Action: Shares of T-Mobile fell 4.1% to close at $221.43 on Tuesday.</li>
<li>Edge Stock Ratings: 77.53 Momentum score with Value at 24.68. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/TMUS"><img loading="lazy" decoding="async" width="453" height="170" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051409/image-276.png" alt="" class="wp-image-953541" style="width:378px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051409/image-276.png 453w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051409/image-276-300x113.png 300w" sizes="(max-width: 453px) 100vw, 453px" /></a></figure>
<h3 class="wp-block-heading">WPP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPP#NYSE">WPP</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul class="wp-block-list">
<li>On Feb. 27, WPP reported fourth-quarter and 2024 preliminary results. Revenue for the year was 14.74 billion British pounds ($18.8 billion) compared to 14.85 billion British pounds in 2023. The company's stock fell around 13% over the past month and <a href="https://www.benzinga.com/quote/WPP">has a 52-week low</a> of $31.52.</li>
<li>RSI Value: 27.1</li>
<li>WPP Price Action: Shares of WPP fell 4.2% to close at $35.23 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0618">WPP stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0618"><img loading="lazy" decoding="async" width="920" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051553/image-277.png" alt="" class="wp-image-953543" style="width:612px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051553/image-277.png 920w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051553/image-277-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051553/image-277-768x693.png 768w" sizes="(max-width: 920px) 100vw, 920px" /></a></figure>
<h3 class="wp-block-heading">Vimeo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMEO#NASDAQ">VMEO</a>)</h3>
<ul class="wp-block-list">
<li>Vimeo&#8217;s Gillian Munson will step down as CFO effective Aug. 8. The company's stock fell around 10% over the past month and has a 52-week<a href="https://www.benzinga.com/quote/VMEO"> low of $3.44</a>.</li>
<li>RSI Value: 29.4</li>
<li>VMEO Ltd Price Action: Shares of Vimeo fell 3% to close at $4.16 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0618">VMEO shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0618"><img loading="lazy" decoding="async" width="857" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051646/image-278.png" alt="" class="wp-image-953545" style="width:548px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051646/image-278.png 857w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051646/image-278-300x287.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051646/image-278-768x736.png 768w" sizes="(max-width: 857px) 100vw, 857px" /></a></figure>
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and s<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ee how they compare.</a>
Read This Next:
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<li> <a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45970767/top-3-health-care-stocks-that-are-ticking-portfolio-bombs">Top 3 Health Care Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>

Long Ideas

Pre-Market Outlook

Markets

Trading Ideas

TMUS

VMEO

Top 3 Tech And Telecom Stocks That May Rocket Higher This Month

Shares of Beyond Air, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) fell sharply in today's pre-market trading after the company posted <a href="https://www.benzinga.com/quote/xair/earnings">mixed fourth-quarter results.</a>
Beyond Air reported quarterly losses of nine cents per share, which beat the analyst consensus estimate of a loss of 12 cents. Quarterly revenue came in at $1.15 million, which missed the Street estimate of $1.39 million and is up from revenue of $470,000 from the same period last year
Beyond Air shares dipped 23.5% to $0.2179 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>PTL Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLE#NASDAQ">PTLE</a>) surged 148% to $0.4923 in pre-market trading after gaining 10% on Tuesday.</li>
<li>XCF Global, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFX#NASDAQ">SAFX</a>) shares jumped 67.6% to $2.85 in pre-market trading after dipping 23% on Tuesday.</li>
<li>Leishen Energy Holding Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSE#NASDAQ">LSE</a>) jumped 53.5% to $8.52 in pre-market trading after tumbling 17% on Tuesday.</li>
<li>Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) gained 44.2% to $0.8652 in pre-market trading after gaining 5% on Tuesday.</li>
<li>Mesa Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTR#NYSE">MTR</a>) rose 33.7% to $8.76 in pre-market trading after gaining 10% on Tuesday.</li>
<li>GeoVax Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOVX#NASDAQ">GOVX</a>) rose 30% to $1.17 in pre-market trading. GeoVax Labs shares dipped 32% on Tuesday after the company in a filing disclosed it will sell 6.15 million common units.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) climbed 26.9% to $0.3921 in pre-market trading after dipping 18% on Tuesday.</li>
<li>TMC the metals company Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMC#NASDAQ">TMC</a>) surged 11.8% to $6.07 in pre-market trading. Korea Zinc recently announced an equity investment of $85.2 million in the company.</li>
<li>Liminatus Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) gained 7.7% to $13.82 in pre-market trading after surging over 5% on Tuesday.</li>
<li>BiomX Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHGE#NYSE">PHGE</a>) fell 7.7% to $0.4200 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Catalyst Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBIO#NASDAQ">CBIO</a>) shares tumbled 59.4% to $5.39 in pre-market trading. Crescent Biopharma recently completed closing of merger with GlycoMimetics and previously announced private placement of $200 million.</li>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) shares fell 26.2% to $2.14 in pre-market trading after the company announced the pricing of public offering of securities.</li>
<li>BP Prudhoe Bay Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BPT#NYSE">BPT</a>) dipped 24.2% to $0.54 in pre-market trading. BP Prudhoe Bay Royalty Trust announced commencement of trust asset sale process.</li>
<li>Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) declined 22.4% to $5.41 in pre-market trading. Eyenovia shares jumped 135% on Tuesday after the company announced it entered into a securities purchase agreement for a $50 million private placement in public equity with institutional accredited investors.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) dipped 22.4% to $15.35 in pre-market trading. CERo Therapeutics shares jumped 189% on Tuesday after the company received U.S. Food and Drug Administration (FDA) Orphan Drug Designation for CER-1236.</li>
<li>Acurx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACXP#NASDAQ">ACXP</a>) declined 21% to $0.6485 in pre-market trading after the company announced exercise of warrants for $2.67 million gross proceeds.</li>
<li>LeddarTech Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) fell 14.4% to $0.1624 in pre-market trading. LeddarTech recently announced intention to file under the Bankruptcy and Insolvency Act in Canada.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) fell 14.1% to $66.98 in pre-market trading after gaining 30% on Tuesday.</li>
<li>Vince Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) fell 13.4% to $1.28 in pre-market trading after dipping 12% on Tuesday. Vince Holding recently posted a first-quarter loss of 37 cents per share.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45970767/top-3-health-care-stocks-that-are-ticking-portfolio-bombs">Top 3 Health Care Stocks That Are Ticking Portfolio Bombs</a> </li>
</ul>
Photo via Shutterstock

Movers

ACXP

EYEN

GOVX

GURE

HSDT

LDTC

LIMN

PHGE

VNCE

Why Beyond Air Shares Are Trading Lower By Over 23%; Here Are 20 Stocks Moving Premarket

The United States generated more than 379,000 new millionaires in 2024, averaging over 1,000 per day, according to UBS Group&#8217;s 2025 Global Wealth Report released on Wednesday.
What Happened: Private wealth in the Americas surged 11% last year, significantly outpacing the global average of 4.6%. The surge was driven by a stable U.S. dollar and robust equity market performance, with the S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), gaining 23.31% in 2024, according to a Reuters report.
The U.S. now accounts for nearly 40% of global millionaires, cementing its position as the world&#8217;s dominant wealth center. This concentration reflects the outsized performance of American financial markets and the dollar&#8217;s strength against other major currencies.
UBS data shows Greater China, including mainland China, Hong Kong and Taiwan, led growth in the $100,000 to $1 million net worth segment at 28.2%, followed by Western Europe at 25.4% and North America at 20.9%.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45990634/amazon-ceo-andy-jassys-ai-led-job-cuts-warning-sparks-backlash-as-employee-reportedly-says-its-clearly-part-of-the-plan">Amazon CEO Andy Jassy&#8217;s AI-Led Job Cuts Warning Sparks Backlash As Employee Reportedly Says &#8216;It&#8217;s Clearly Part Of The Plan&#8217;</a>
Why It Matters: Wealth distribution remains highly skewed globally. Over 80% of adults in the UBS sample maintained net worth below $100,000, while only 1.6% achieved millionaire status or higher.
The wealth surge coincided with <a href="https://www.benzinga.com/markets/tech/25/06/45966691/elon-musks-net-worth-soars-nearly-3-billion-jeff-bezos-mark-zuckerberg-and-other-top-10-billionaires-add-over-16-billion-as-sp-500-nasdaq-jump-erasing-fridays-losses">significant gains among top billionaires</a>. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk added $2.7 billion to his net worth in a single trading session on Monday, while Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg gained $6.55 billion and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos added $3.36 billion following the NASDAQ&#8217;s 1.52% rally.
UBS projects continued wealth growth over the next five years, with the United States expected to lead globally, followed by Greater China. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/market-summary/25/06/45988507/trump-demands-irans-uncoditional-surrender-stock-futures-remain-steady-defense-shares-trade-higher-in-after-hours-trading">Trump Demands Iran&#8217;s &#8216;Unconditional Surrender&#8217; — Stock Futures Remain Steady, Defense Shares Trade Higher In After-Hours Trading</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AMZN

America Minted Over 1,000 New Millionaires A Day In 2024 Amid Stable Dollar, Over 23% S&P 500 Rally: Report

Dana, Icahn Group End Board Pact; Brett Icahn And Christian Garcia Resign As Dana Repurchases 14.3M Shares For $17.58 Each

Integral Ad Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAS#NASDAQ">IAS</a>) on Wednesday <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/n45990049/ias-launches-new-ai-driven-contextual-category-reporting-for-meta-platforms-maximizing-optimizatio" rel="noreferrer noopener">announced the launch</a> of new contextual category reporting for Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), expanding measurement reporting across Facebook and Instagram Feed and Reels.
The company said in a press release that this launch demonstrates IAS and Meta&#8217;s continued collaboration to deliver independent third-party measurement and optimization tools to support advertisers&#8217; brand suitability and performance goals.
Meta Platforms could potentially generate <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45969694/mark-zuckerbergs-meta-could-rake-in-over-10-billion-in-annual-ad-revenue-from-whatsapp-by-2028-says-analyst" rel="noreferrer noopener">over $10&nbsp;billion</a> in annual ad revenue&nbsp;from its WhatsApp messaging service by 2028, according to Evercore ISI analyst&nbsp;Mark Mahaney, assuming average advertising revenue of $6 per daily user and boost daily usage of the Updates tab to 1.7 billion users by 2028.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45880561/meta-on-the-verge-of-a-15-billion-deal-with-scale-ai-report" rel="noreferrer noopener">Meta On The Verge Of $15 Billion Deal With Scale AI: Report</a>
Meta reported earnings of $6.43 per share, topping analyst estimates of $5.21 per share, and total revenue&nbsp;increased&nbsp;16%. Advertising drove revenue, with ad impressions jumping 5% and the average price per ad increasing by 10%.
Wall Street analysts, including JP Morgan, highlighted <a target="_blank" href="https://www.benzinga.com/25/05/45144725/meta-analysts-highlight" rel="noreferrer noopener">Meta&#8217;s new AI</a> models, Andromeda and GEM, which deliver tangible improvements in advertising. Andromeda, powered by advanced hardware, has increased ad quality by 8%, while GEM has boosted ad conversions on Reels by up to 5%, as per JPMorgan analyst Doug Anmuth.&nbsp;The analysts continue to view Meta as the best-positioned digital ad player.
Price Action: META stock was trading higher by 0.58% to $701.29 premarket at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45979830/taboola-draws-analyst-praise-for-meta-like-ai-exclusive-ad-deals-growing-role-in-ctv-display-ads" target="_blank" rel="noreferrer noopener">Taboola Draws Analyst Praise For Meta-Like AI, Exclusive Ad Deals, Growing Role In CTV, Display Ads</a></li>
</ul>
Photo via Shutterstock

IAS Expands Tools To Help Meta Ads Perform Better On Facebook And Instagram

TMDE

TMDEL Signs MOA With Bioenergy Firm Double Corporate To Pursue Sustainable Fuel Collaboration Across EU And Asia Markets

GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $1.11 by 15.8 percent. This is a 33.16 percent decrease over earnings of $1.93 per share from the same period last year. The company reported quarterly sales of $1.33 billion which beat the analyst consensus estimate of $1.30 billion by 2.76 percent. This is a 5.66 percent decrease over sales of $1.41 billion the same period last year.

Earnings

Earnings Beats

GMS Q4 Adj. EPS $1.29 Beats $1.11 Estimate, Sales $1.33B Beat $1.30B Estimate

Wayfair's Perigold Opens First-Ever Luxury Flagship Store In Houston, Marking Offline Expansion From Digital Roots

Bitdeer Prices Upsized $330M Convertible Notes Offering Due 2031, With Option For Additional $45M

The Trump Organization is <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">entering the wireless industry</a> with plans to launch a smartphone called the "T-1 Phone," priced at $499 and promoted as being manufactured in the U.S.—a promise experts say may not hold up under scrutiny.
What Happened: Announced on Monday, the T-1 Phone will debut alongside a new wireless service called Trump Mobile, with availability starting in August.
A spokesperson for the company said that the devices will be made in Alabama, California and Florida, <a href="https://www.marketplace.org/story/2025/06/17/trump-mobile-says-itll-make-phones-in-the-us-is-that-realistic">reported</a> Marketplace.
Industry <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">analysts remain skeptical</a>. Roger Entner, founder of Recon Analytics, said no major smartphone manufacturer has built devices in the U.S. for at least a decade.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988833/iran-says-whatsapp-a-tool-for-israeli-surveillance-meta-hits-back-calling-it-false-reports">Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It &#8216;False Reports&#8217;</a>
&#8220;We have made smartphones when we were still in the 2G and maybe in the 3G era,&#8221; he told the publication, adding, &#8220;You don&#8217;t have the machines. You don&#8217;t have the employees that can do it. You don&#8217;t have the supply chain.&#8221;
&#8220;I think Trump&#8217;s trying to seize the momentum of &#8216;Build in the U.S.,'&#8221; Dan Ives, tech analyst at Wedbush Securities, told the outlet.
He continued saying, &#8220;This is something that could be done at a very, very small scale, and that&#8217;s probably what they&#8217;re aiming for. But anything above 20,000, 30,000, 40,000 would be very, very difficult for them to actually make in the U.S.&#8221;
Why It's Important: The Trump Organization is attempting to tap into populist sentiments around domestic manufacturing, branding the T-1 Phone as a pro-America alternative in a global tech market dominated by Asian production.
While the pitch aligns with "Made in America" rhetoric, experts caution that scaling U.S. smartphone production would require massive infrastructure investment and time.&nbsp;
"For it to even get off the ground would take a long time and a significant amount of dollars to put in before they show any sort of profit," Ives said.
Previously,&nbsp; Ives told ABC News that making phones in the U.S. isn't financially viable, calling the idea a &#8220;fairytale&#8221; and noting that while a small number could be made, it <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">would likely lead to losses</a>.
Trump Mobile runs on the infrastructure of Liberty Mobile Wireless, a Florida-based company founded in 2018 by entrepreneur Matthew Lopatin.
As a mobile virtual network operator (MVNO), it leases network access from major providers like T-Mobile U.S. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and rebrands the service under its own name, reported Reuters.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Rawpixel.com / Shutterstock.com

Trump Mobile Plans To Launch $499 'T-1 Phone' Made In The USA: But Expert Says 'You Don't Have The Employees That Can Do It'

The Trump Organization is <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">entering the wireless industry</a> with plans to launch a smartphone called the "T-1 Phone," priced at $499 and promoted as being manufactured in the U.S.—a promise experts say may not hold up under scrutiny.
What Happened: Announced on Monday, the T-1 Phone will debut alongside a new wireless service called Trump Mobile, with availability starting in August.
A spokesperson for the company said that the devices will be made in Alabama, California and Florida, <a href="https://www.marketplace.org/story/2025/06/17/trump-mobile-says-itll-make-phones-in-the-us-is-that-realistic">reported</a> Marketplace.
Industry <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">analysts remain skeptical</a>. Roger Entner, founder of Recon Analytics, said no major smartphone manufacturer has built devices in the U.S. for at least a decade.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988833/iran-says-whatsapp-a-tool-for-israeli-surveillance-meta-hits-back-calling-it-false-reports">Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It &#8216;False Reports&#8217;</a>
&#8220;We have made smartphones when we were still in the 2G and maybe in the 3G era,&#8221; he told the publication, adding, &#8220;You don&#8217;t have the machines. You don&#8217;t have the employees that can do it. You don&#8217;t have the supply chain.&#8221;
&#8220;I think Trump&#8217;s trying to seize the momentum of &#8216;Build in the U.S.,'&#8221; Dan Ives, tech analyst at Wedbush Securities, told the outlet.
He continued saying, &#8220;This is something that could be done at a very, very small scale, and that&#8217;s probably what they&#8217;re aiming for. But anything above 20,000, 30,000, 40,000 would be very, very difficult for them to actually make in the U.S.&#8221;
Why It's Important: The Trump Organization is attempting to tap into populist sentiments around domestic manufacturing, branding the T-1 Phone as a pro-America alternative in a global tech market dominated by Asian production.
While the pitch aligns with "Made in America" rhetoric, experts caution that scaling U.S. smartphone production would require massive infrastructure investment and time.&nbsp;
"For it to even get off the ground would take a long time and a significant amount of dollars to put in before they show any sort of profit," Ives said.
Previously,&nbsp; Ives told ABC News that making phones in the U.S. isn't financially viable, calling the idea a &#8220;fairytale&#8221; and noting that while a small number could be made, it <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">would likely lead to losses</a>.
Trump Mobile runs on the infrastructure of Liberty Mobile Wireless, a Florida-based company founded in 2018 by entrepreneur Matthew Lopatin.
As a mobile virtual network operator (MVNO), it leases network access from major providers like T-Mobile U.S. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and rebrands the service under its own name, reported Reuters.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them">Mark Zuckerberg's Meta Dangled ‘$100 Million Signing Bonuses' To OpenAI Team Members, Says Sam Altman: Happy ‘None' Of Our Best People Took Them</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Maxim Elramsisy / Shutterstock.com

Defense technology firm Anduril Industries has formed a strategic partnership with German defense giant Rheinmetall to co-develop autonomous air systems and propulsion capabilities for the European market.
What Happened: Anduril Industries and Rheinmetall announced a collaboration to jointly develop three core defense systems for European deployment. 
The partnership focuses on integrating Anduril&#8217;s Barracuda low-cost autonomous air vehicle and Fury high-performance multi-mission aircraft into Rheinmetall&#8217;s digital sovereignty framework called &#8220;Battlesuite.&#8221; The companies will also explore solid rocket motor production for European defense applications using Anduril&#8217;s manufacturing approaches.
&#8220;This is a different model of defense collaboration, one built on shared production, operational relevance, and mutual respect for sovereignty,&#8221; said Brian Schimpf, CEO of Anduril Industries. Rheinmetall CEO Armin Papperger emphasized the focus on &#8220;autonomous capabilities that are quick to produce, modular, and aligned with NATO&#8217;s evolving requirements.&#8221;
See Also: <a href="https://www.benzinga.com/crypto/25/06/45990647/trump-financial-disclosures-reveal-barron-trumps-potential-40-million-windfall-from-crypto-project">Trump Financial Disclosures Reveal Barron Trump&#8217;s Potential $40 Million Windfall From Crypto Project</a>
Why It Matters: Last week, Anduril CEO Palmer Luckey confirmed the defense tech firm&#8217;s IPO plans, saying the company must go public to compete for trillion-dollar <a href="https://www.benzinga.com/markets/ipos/25/06/45877601/anduril-ceo-palmer-luckey-confirms-ipo-plans-to-compete-for-trillion-dollar-defense-contracts-we-are-definitely-going-to-be-a-publicly-traded">contracts like the F-35 program</a>.
The collaboration builds on Anduril&#8217;s <a href="https://www.benzinga.com/24/12/42464770/whats-going-on-with-archer-aviation-stock-today">recent defense partnerships</a>, including its alliance with Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) for U.S. Department of Defense hybrid aircraft development, with Archer raising $430 million to support the defense program.
The defense sector consolidation reflects a broader shift where tech-focused companies like Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and Anduril <a href="https://www.benzinga.com/markets/equities/24/12/42640010/palantir-and-anduril-reportedly-lead-consortium-partner-with-spacex-and-openai-to-compete-against-traditional-defense-contractors-in-850-billion-us-military-market">lead a consortium competing against traditional contractors</a> like Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) for the $850 billion U.S. defense market through AI-powered solutions and rapid innovation approaches.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Tada Images on Shutterstock.com

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