ECD Automotive Design 주식 (NASDAQ: ECDA)

에 대한 최신 뉴스 ECD Automotive Design (NASDAQ:ECDA) 주식

ECD Automotive Design

ECD Automotive Design Inc is a custom-car builder in the Restomod sector with a focus on British classic motor vehicles of various models of both two-door and four-door styles. The company has established a facility geared towards producing the majority customized Land Rovers with the highest quality of parts and the highest quality labor force building each vehicle. ECD restores Land Rovers Defenders, Land Rover Series IIA, the Range Rover Classic and the Jaguar E-Type. It upgrade any engine, including Chevrolet V8's, Land Rover V8's, Cummins diesel engines and new electric drivetrains, performing all the necessary body work, drivetrain selection and installation, every stitch in the interior, paint work, up to placement of the last nut and bolt.

ECD Automotive Design, Inc. - Common Stock

ECD Automotive Design Inc

These twelve large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) stock tumbled 14.92% after the company issued FY25 adjusted EPS guidance with its midpoint below estimates. Analysts changed <a href="https://www.benzinga.com//node/45013364" target="_blank" rel="noreferrer noopener">their price forecasts</a>.</li>
<li>Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) shares dipped 12.43% after the company reported worse-than-expected results and lowered its FY25 EPS guidance. Several analysts <a href="https://www.benzinga.com//node/44965915" target="_blank" rel="noreferrer noopener">lowered their price forecasts</a>.</li>
<li>Erie Indemnity Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>) stock plummeted 11.95% after it reported financial results <a href="https://www.benzinga.com//node/44995337" target="_blank" rel="noreferrer noopener">and missed its EPS estimate</a>.</li>
<li>T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) shares fell 11.17% last week following the <a href="https://www.benzinga.com//node/44995935" target="_blank" rel="noreferrer noopener">first-quarter financial results</a>.</li>
<li>Watsco, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) shares dipped 9.98% after the company reported first-quarter results and <a href="https://www.benzinga.com//node/44945784" target="_blank" rel="noreferrer noopener">missed its EPS and sales estimates</a>. Analysts <a href="https://www.benzinga.com/quote/wso/analyst-ratings" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>
<li>Gold Fields (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) shares decreased 9.13%, probably because gold prices dropped after President Trump said he had no intention of firing Fed Chair Powell and indicated that the final tariff rate with China would be &#8220;substantially&#8221; lower than the current 145%.</li>
<li>Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) stock fell 8.59% after the company reported financial results and missed its adjusted <a href="https://www.benzinga.com//node/45003204" target="_blank" rel="noreferrer noopener">EPS and revenue estimates</a>.</li>
<li>AngloGold Ashanti PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) shares fell 8.44%, probably because gold prices dropped after President Trump said he had no intention of firing Fed Chair Powell and indicated that the final tariff rate with China would be &#8220;substantially&#8221; lower than the current 145%.</li>
<li>Ryan Specialty Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAN#NYSE">RYAN</a>) stock was down 8.17%. The company inked a deal to acquire certain assets of USQRisk <a href="https://www.benzinga.com//node/44910617" target="_blank" rel="noreferrer noopener">Holdings for an undisclosed amount</a>.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) stock fell 7.99% last week after the company reported first-quarter results. Several analysts <a href="https://www.benzinga.com/quote/TYL/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered their price forecasts</a>.</li>
<li>Kimberly-Clark Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) stock declined 7.84% after it reported weaker-than-expected first-quarter sales, and several <a href="https://www.benzinga.com//node/44959233" target="_blank" rel="noreferrer noopener">analysts slashed their price forecast</a>.</li>
<li>UnitedHealth Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) shares decreased 7.81%. The company reported disappointing first-quarter results last week, and <a href="https://www.benzinga.com//node/44913470" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a>.</li>
</ol>
Photo by Ken Wolter via Shutterstock

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Equities

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TMUS

UnitedHealth, T-Mobile And Fiserv Are Among Top 12 Large-Cap Losers Last Week (Apr 21-Apr 25): Are The Others In Your Portfolio?

Over the weekend, crypto markets rallied ahead of the futures open, continuing a trend of growing investor interest in alternative assets. Bitcoin led the charge, rising 3.70% on the day before giving back some of its gains as U.S. stock markets closed. The world's largest cryptocurrency is currently trading around $86,900 after briefly reaching a high of $88,400.
This surge in Bitcoin coincides with continued weakness in the U.S. Dollar Index, which has been under pressure due to ongoing trade tensions between the U.S. and China. The DXY recently hit a fresh low of 97.92, further signaling that global investors are growing cautious on the dollar's strength in the current macroeconomic environment.
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
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Key Levels To Watch
As Bitcoin continues to show relative strength compared to traditional markets like the Nasdaq and S&amp;P 500, many analysts are turning their attention to crypto as a potential beneficiary of broader market uncertainty. With a weakening DXY and mixed signals from equity markets, Bitcoin is emerging as a more resilient option for investors looking to hedge against currency depreciation and macro volatility.
Given the market's current volatility, it's important to keep a close eye on key technical levels that could shape the next move. The rejection from the $88,000 region on Monday's rally—an <a href="https://www.benzinga.com/personal-finance/25/04/44867123/bitcoin-surges-past-82k-despite-u-s-risk-off-mood-is-a-breakout-brewing">area highlighted in a previous article</a>—may signal short-term exhaustion. However, this does not yet confirm a return to the broader bearish higher-timeframe trend.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
Instead, Bitcoin's lower timeframes still tell a bullish story. On the four-hour chart, the structure remains intact, with a crucial swing low marked at $83,900. As long as price holds above this level, the bullish market structure remains valid. A clean break and close below that area, however, could open the door for a deeper correction in the short term.
It's also worth noting that Bitcoin's recent strength isn&#8217;t happening in isolation. Other major currencies such as the Euro and British Pound have also seen significant upside as the dollar weakens, reinforcing the narrative that capital is rotating out of the greenback and into alternative assets, including crypto.
As global macro trends continue to evolve, Bitcoin&#8217;s resilience amid a declining dollar and underperforming equities will be a key story to follow. Whether this strength leads to a new all-time high remains to be seen, but the conditions for a potential breakout are clearly forming.
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Image: Shutterstock

Personal Finance

Bitcoin Extends Its Lead Over Traditional Markets As The U.S. Dollar Tumbles, Highlighting Strength In Crypto Amid Shifting Global Macro Trends

The past week has been a rollercoaster ride for the autonomous driving and electric vehicle (EV) sectors. From President Trump&#8217;s change of heart on autonomous vehicles to Jeff Bezos-backed EV startups making waves, the industry has seen significant developments. Let&#8217;s dive into the top stories of the week.
Trump&#8217;s Change of Heart on Autonomous Vehicles
The autonomous driving sector has seen a surge in optimism following the National Highway Traffic Safety Administration&#8217;s updated regulations that could simplify testing and regulation. This comes as a surprise given President Donald Trump&#8217;s previous opposition to autonomous vehicles. The President once stated he would keep autonomous vehicles &#8220;from operating on American roads&#8221;.
<a href="https://www.benzinga.com/25/04/45022642/trump-change-of-heart-or-musk-influence-president-once-said-would-keep-autonomous-vehicles-from-operating-on-american-roads">Read the full article here.</a>
Bezos vs. Tesla vs. Rivian
Both Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) are set to release more affordable EVs, a move that could help them fend off competition from a new EV startup backed by Amazon.com founder Jeff Bezos. Michigan-based startup Slate Auto has been showcasing concept versions of its electric pickup truck and recently held an event to share more details about the company&#8217;s future.
<a href="https://www.benzinga.com/trading-ideas/25/04/45014243/bezos-vs-tesla-vs-rivian-stock-company-backed-by-amazon-founder-can-turn-20k-ev-truck-into-suv">Read the full article here.</a>
See Also: <a href="https://benzinga.com/government/regulations/25/04/44972893/trump-says-us-doesnt-need-canadian-cars-hints-tariffs-could-rise-we-dont-want-your-cars-wi" target="_blank" rel="noreferrer noopener">Trump Says US Doesn&#8217;t Need Canadian Cars — Hints Tariffs Could Rise: &#8216;We Don&#8217;t Want Your Cars, With All Due Respect&#8217;</a>
Pony.ai and Tencent&#8217;s Robotaxi Partnership
Chinese autonomous driving company Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) announced plans to develop autonomous driving technology in partnership with Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>). The deal will include cooperation in cloud services, map data, information security, and intelligent cockpit ecosystems.
<a href="https://www.benzinga.com/media/25/04/45013465/pony-ai-and-tencent-partner-on-l4-robotaxis-expand-chinas-self-driving-future">Read the full article here.</a>
Bezos-Backed Tesla Rival Unveils $20,000 Modular EV Pickup Truck
Slate Auto, an EV manufacturer backed by Amazon.com Inc. founder Jeff Bezos, unveiled its modular EV pickup truck. The two-seater EV pickup truck features a retro design that is reminiscent of models from manufacturers like Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>).
<a href="https://www.benzinga.com/tech/25/04/45006513/jeff-bezos-backed-tesla-rival-unveils-20000-modular-ev-pickup-truck-with-customization-at-the-forefront">Read the full article here.</a>
Tesla Rolls Out Free FSD Transfers Amid Poor Sales
Tesla has rolled out a range of promotions for customers in the U.S. on all of its models in an attempt to boost declining sales figures. The promotions include FSD transfers on all new Model 3, Model Y, Model S, Model X, and the Cybertruck orders free of charge.
<a href="https://www.benzinga.com/tech/25/04/45004433/tesla-rolls-out-free-fsd-transfers-on-all-us-models-including-cybertruck-amid-poor-sales">Read the full article here.</a>
Read Next:
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<li><a href="https://benzinga.com/tech/25/04/45006513/jeff-bezos-backed-tesla-rival-unveils-20000-modular-ev-pickup-truck-with-customization-at-the-forefront" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Tesla Rival Unveils $20,000 Modular EV Pickup Truck With Customization At The Forefront</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Tech

PONY

RIVN

TCEHY

TSLA

Trump's Autonomous Vehicles Stance, Bezos Vs. Tesla, And More: This Week In Mobility

Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) engages in the operation of retail and wholesale stores and e-commerce websites worldwide.
It will report its Q1 2026 earnings on May 15. Wall Street analysts expect the company to post EPS of $0.59, down from $0.60 in the prior-year period. According to data from Benzinga Pro, quarterly revenue is expected to be $164.67 billion, up from $161.51 billion a year earlier.
The 52-week range of Walmart stock price was $58.56 to $105.30.
Walmart's dividend yield is 0.99%. It paid $0.94 per share in dividends during the last 12 months.
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>
<h2 class="wp-block-heading">The Latest On Walmart</h2>
On Feb. 20, the company announced its Q4 2025 earnings, posting revenues of $180.55 billion, beating the analyst consensus estimate of $180.01 billion, as reported by <a href="https://www.benzinga.com/news/earnings/25/02/43846469/walmart-q4-earnings-shine-but-soft-fy26-outlook-disappoints-street">Benzinga</a>. The adjusted EPS was $0.66, above the consensus estimate of $0.64.
Walmart sees Q1 2026 sales growth in the range of 3% to 4%, and adjusted EPS of $0.57 to $0.58, compared to the consensus estimate of $0.64.
Full-year sales growth is expected to be 3% to 4%, and adjusted EPS is seen in the range of $2.50 to $2.60, below the $2.76 estimate.
Check out this <a href="https://www.benzinga.com/insights/analyst-ratings/25/04/44759117/28-analysts-assess-walmart-what-you-need-to-know">article by Benzinga</a> for 28 analysts' insights on Walmart.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">How Can You Earn $100 Per Month As A Walmart Investor?</h2>
If you want to make $100 per month — $1,200 annually — from Walmart dividends, your investment value needs to be approximately $121,212, which is around 1,278 shares at $94.85 each.&nbsp;
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (0.99% in this case). So, $1,200 / 0.0099 = $121,212 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Walmart stock an attractive option for making a steady income of $100 per month by owning 1,278 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Walmart has raised its dividend consecutively for the last 52 years.&nbsp;
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</ul>
Image: Shutterstock

How To Put $100 In Your Retirement Fund Each Month With Walmart Stock

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares jumped 27.23% after the company reported better-than-expected first-quarter sales results and issued second-quarter <a href="https://www.benzinga.com//node/44978234" target="_blank" rel="noreferrer noopener">sales guidance above estimates</a>. Analysts revised the<a href="https://www.benzinga.com/quote/mbly/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast on the stock</a>.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares rose 22.82%.</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) stock rocketed 22.42% after the company reported better-than-expected financial results and <a href="https://www.benzinga.com//node/44986106" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a>.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares were up 21.60%, probably amid overall market strength due to March&#8217;s strong durable goods orders economic data and President Trump&#8217;s announcement that he met with China.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) stock gained 20.26% last week amid recent defense partnerships.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares increased 20.08% as broader financial sector stocks gained amid overall market strength.</li>
<li>Coinbase Global, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock was up 19.77% after the company expanded its partnership with PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>). The partnership aims to increase the <a href="https://www.benzinga.com//node/44991653" target="_blank" rel="noreferrer noopener">adoption and utility</a> of PayPal&#8217;s U.S. dollar-backed stablecoin (CRYPTO: PYUSD).</li>
<li>Vertiv Holdings, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) stock upped 18.77% after the company reported better-than-expected financial results and raised <a href="https://www.benzinga.com//node/44953772" target="_blank" rel="noreferrer noopener">its full-year sales guidance</a>.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock gained 18.06% last week. The company reported <a href="https://www.benzinga.com//node/44937440" target="_blank" rel="noreferrer noopener">underwhelming Q1 results</a>, but the hype about a low-cost EV and Robotaxi had a positive impact.</li>
<li>Entegris, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>) stock gained 17.46% last week as shares of semiconductor companies gained amid overall market strength.</li>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) shares rose 16.94%.</li>
</ol>
Image Via Shutterstock

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Tesla, Palantir And Coinbase Are Among Top 11 Large-Cap Gainers Last Week (Apr 21-Apr 25): Are The Others In Your Portfolio?

As the week comes to a close, we look back at a week filled with significant developments in the world of artificial intelligence (AI). From President Trump&#8217;s push for AI education to Jim Cramer&#8217;s bullish stance on AI stocks, the week was abuzz with AI-related news. Let&#8217;s delve into the top stories.
Trump Advocates for AI Education in Schools
President&nbsp;Donald Trump&nbsp;signed a series of executive orders on April 23, aimed at transforming U.S. education policy across K-12 and higher education. The orders include promoting AI education in schools, reformulating college accreditation standards, and implementing new transparency rules for foreign funding in universities. The orders also reiterated support for Historically Black colleges and Universities (HBCUs) and promoted workforce development initiatives.
<a href="https://www.benzinga.com/general/education/25/04/45005327/trump-pushes-ai-education-in-schools-rolling-back-obama-era-policies-and-cracking-down-on-foreign-funds-ai-seems-to-be-where-its-at">Read the full article here.</a>
Jim Cramer Remains Bullish on AI Stocks
Despite growing skepticism on Wall Street, CNBC's&nbsp;Jim Cramer&nbsp;remains optimistic about the future of AI infrastructure and data center stocks. Cramer acknowledged the turbulence in AI stocks, particularly following revelations from DeepSeek, a Chinese startup. He also expressed concerns about Donald Trump&#8217;s tariff policies potentially hurting the broader economy.
<a href="https://www.benzinga.com/markets/equities/25/04/45001882/jim-cramer-stays-bullish-on-data-centers-says-if-trump-tariffs-eases-these-ai-stocks-will-fly-again-despite-wall-street-doubts">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/25/04/45026632/bill-gates-says-luckily-his-daughter-phoebe-gates-never-asked-him-to-back-her-business" target="_blank" rel="noreferrer noopener">Bill Gates Says &#8216;Luckily&#8217; His Daughter Phoebe Gates Never Asked Him To Back Her Business</a>
Amazon and Nvidia Dismiss AI Data Center Pullback Fears
Despite recession fears and market speculation, tech giants&nbsp;Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;and&nbsp;Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;insist that the demand for AI data centers remains robust. Executives from both companies dismissed concerns about a potential slowdown in the construction of AI data centers at a conference in Oklahoma City.
<a href="https://www.benzinga.com/25/04/45001873/amazon-and-nvidia-dismiss-fears-of-ai-data-center-pullback-we-continue-to-see-very-strong-demand">Read the full article here.</a>
OpenAI&#8217;s Restructuring Raises Concerns Among AI Experts
A coalition of over 30 leading AI researchers and ethicists has issued an urgent warning about OpenAI‘s proposed corporate restructuring. They expressed grave concerns that the changes could undermine public oversight and the company's original mission. The group published an open letter urging California and Delaware Attorney Generals to intervene in OpenAI's plan.
<a href="https://www.benzinga.com/news/legal/25/04/44975360/geoffrey-hinton-ex-openai-insiders-and-top-ai-experts-sound-alarm-on-openais-restructuring-warn-it-could-strip-public-of-oversight-betray-agi-mission">Read the full article here.</a>
Satya Nadella Introduces Microsoft 365 Copilot&#8217;s AI Glow-Up
On Wednesday,&nbsp;Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;introduced a newly redesigned version of its Microsoft 365 Copilot app. The development was shared by Microsoft CEO Satya Nadella, who referred to it as the &#8216;scaffolding for his workday&#8217;.
<a href="https://www.benzinga.com/25/04/44973292/satya-nadella-calls-it-scaffolding-for-my-workday-introduces-microsoft-365-copilots-ai-glow-up-to-reshape-how-we-work">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://benzinga.com/markets/25/04/44979720/teslas-robotaxi-launch-in-june-will-likely-be-a-non-event-says-gary-black-this-isnt-really-a-test-market-" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Robotaxi Launch In June Will Likely Be A &#8216;Non-Event,&#8217; Says Gary Black: &#8216;This Isn&#8217;t Really A Test Market. It&#8217;s An Experiment&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

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MSFT

NVDA

Trump's AI Education Push, Cramer's AI Stock Optimism, And More: This Week In Artificial Intelligence

While top executives like Mark Zuckerberg and Jamie Dimon sold off hundreds of millions in stock before markets tanked, Barstool Sports founder Dave Portnoy says he took the hit right along with everyone else.
<h2 class="wp-block-heading">Executives Cashed Out Before Market Downturn</h2>
According to <a href="https://www.bloomberg.com/news/articles/2025-04-20/zuckerberg-dimon-are-among-top-sellers-ahead-of-tariff-stock-rout?embedded-checkout=true">Bloomberg</a>, insiders, including Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Zuckerberg, Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) CEO Safra Catz, and JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon, <a href="https://www.benzinga.com/markets/25/04/44891097/zuckerberg-dimon-sold-shares-ahead-of-stock-rout-triggered-by-trump-tariff-talk">cashed out</a> a combined billions of dollars worth of shares in the first quarter of 2025.&nbsp;
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Zuckerberg sold 1.1 million Meta shares for $733 million, all before the tech giant's stock dropped more than 30%. Catz unloaded $705 million in Oracle stock before a similar decline, and Dimon sold more than $234 million in JPMorgan stock ahead of the crash. All of these sales were made before President Donald Trump's tariff announcements, which triggered a sharp market downturn.
The downturn has had ripple effects throughout the financial and tech sectors. Elon Musk, the world's richest person, has seen his net worth fall by $129 billion so far this year. Some insiders are now taking advantage of lower share prices to buy back stock, but many investors and everyday traders weren't so lucky.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">Portnoy: ‘I Got Smoked Like Everybody Else'</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In other news. Dave Portnoy did NOT unload any stock. Got smoked like everybody else <a href="https://t.co/Zzrmn5I6Wt">https://t.co/Zzrmn5I6Wt</a>
&mdash; Dave Portnoy (@stoolpresidente) <a href="https://twitter.com/stoolpresidente/status/1914429319499165931?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Portnoy, on the other hand, <a href="https://www.benzinga.com/25/04/44706019/barstool-founder-dave-portnoy-takes-20-million-hit-amid-trump-tariff-induced-market-crash">revealed earlier this month</a> that he lost $20 million in the crash, which he said represents about 15% of his net worth. Initially, he estimated a $7 million loss following the plunge, but later updated the figure on his livestream.
However, a couple of days later, he <a href="https://x.com/stoolpresidente/status/1910037503756923291">posted</a> on X in all caps, &#8220;I'm up 8.2 million today! Where are all the people in my mentions now!&#8221;
On Easter Monday, Portnoy responded to a social media <a href="https://x.com/unusual_whales/status/1914428176840728646?t=rcfiZYuZ7nDZrgLFAPNYCA&amp;s=19">post</a> by Unusual Whales highlighting insider selling by top executives. "In other news. Dave Portnoy did NOT unload any stock," he tweeted. "Got smoked like everybody else."
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Despite the financial blow, Portnoy remains a vocal supporter of Trump. On his <a href="https://x.com/stoolpresidente/status/1907881579978043894">livestream</a>, he called Trump "a smart guy" and said he believes Trump is playing a high-stakes game with the tariffs. "I&#8217;m going to roll with him and see how it plays out," Portnoy added.
<h2 class="wp-block-heading">Insider Selling Down, But Timing Raised Eyebrows</h2>
Overall, insider selling was down compared with the same time last year, per Bloomberg. Insiders sold $15.5 billion worth of stock in Q1 2025, compared with $28.1 billion in Q1 2024. Still, a small group of executives made particularly well-timed moves. Zuckerberg, Catz, and Dimon were among just 10 sellers who collectively unloaded more than $3.8 billion in stock before the tariffs were announced.
Apparently, Portnoy wasn't one of them. He's riding out the storm just like everyone else.
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Image: Shutterstock

ORCL

In Response To Zuckerberg And Dimon Stock Sell-Offs, Dave Portnoy Says He Didn't Unload Anything—'Got Smoked Like Everybody Else'

The past week was a roller coaster ride for the cryptocurrency market. Major cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) experienced significant surges, hinting at a potential bullish momentum. Meanwhile, Bitcoin mining costs have seen a sharp increase, causing concern among miners. Amidst these developments, calls for clear regulatory rules for cryptocurrencies have been made by the SEC Chair, Paul Atkins. Here&#8217;s a detailed look at these stories.
Bitcoin, Ethereum, XRP, Dogecoin Experience Bullish Momentum
Cryptocurrency markets traded higher over the weekend, with whales continuing their accumulation spree. This activity could potentially fuel the bullish momentum in the market.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45020090/bitcoin-ethereum-xrp-dogecoin-surging-but-choppy-weekend-could-precede-the-next-push">Read the full article here.</a>
Bitcoin Climbs 12% On The Week
Bitcoin saw a 12% increase over the week, following a familiar crypto cycle pattern of improving sentiment and shifting macro signals. Crypto analyst Alex Wacy noted the cyclical nature of the market, which often takes just a few bullish headlines and a green daily candle to reignite momentum.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45017648/bitcoin-climbs-12-on-the-week-as-traders-eye-run-to-100000">Read the full article here.</a>
See Also: <a href="https://benzinga.com/25/04/44970313/missed-fortune-trump-trader-loses-45-million-profit-opportunity-before-dinner-announcement" target="_blank" rel="noreferrer noopener">Trader Dumps TRUMP Tokens Before Presidential Dinner Revelation: Meal Cost Early Seller $4.5 Million</a>
Bitcoin Mining Costs Jump To $137,000 Per Coin
Bitcoin mining expenses rose sharply in the final quarter of 2024, with CoinShares reporting that the total average cost to produce one Bitcoin, including non-cash items, climbed to $137,018. This figure includes depreciation and stock-based compensation, offering a more comprehensive look at the financial stress facing miners despite the strength in Bitcoin&#8217;s market price.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45017261/bitcoin-mining-costs-jump-to-137000-per-coin-when-accounting-for-non-cash-expenses-coinshares">Read the full article here.</a>
SEC Chair Calls for Clear Crypto Regulations
New SEC Chair Atkins indicated a friendlier approach toward cryptocurrency during his tenure, highlighting the need for a clear regulatory policy to help the industry thrive in the U.S. Atkins emphasized the significance of blockchain technology in modernizing the financial system, predicting it to enhance efficiency, reduce costs, increase transparency, and mitigate risks.
<a href="https://www.benzinga.com/government/regulations/25/04/45027836/sec-chair-paul-atkins-says-crypto-deserves-clear-regulatory-rules-praises-crypto-mom-hester-peirces-efforts">Read the full article here.</a>
Senator Buys More Bitcoin ETF Shares
Senator David McCormick (R-PA) has been actively buying shares of the Bitwise Bitcoin ETF BITB and may have taken advantage of a dip in Bitcoin's price during March before the recent rally back to the $95,000 level. McCormick&#8217;s total bet on Bitcoin is now in the $375,000 to the $850,000 range since February.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45018551/senator-on-digital-assets-committee-buys-more-bitcoin-etf-shares-2025-is-the-year-for-digital-assets">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$ETH

$XRP

Cryptocurrencies Surge, Bitcoin Mining Costs Soar, SEC Chair Calls For Clear Crypto Regulations: This Week In Crypto

The past week was a rollercoaster for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). The tech giant dodged a bullet with the new reciprocal tariffs, only to face potential supply chain disruptions. Plans to shift iPhone production from China to India emerged, while rising costs and AI delays led to a price target cut. The week ended with the EU slapping Apple with a hefty fine, triggering a political backlash in Washington. Here&#8217;s a recap of the week&#8217;s major events.
Apple Dodges Tariffs, But Supply Chain Woes Loom
Apple managed to sidestep steep tariffs on Chinese-made electronics, thanks to an exemption granted by former President Donald Trump. However, leading analyst Ming-Chi Kuo warns that Apple&#8217;s supply chain could still face significant disruptions in the coming months.
<a href="https://www.benzinga.com/25/04/44781528/apples-preemptive-iphone-stockpile-could-disrupt-supply-chain-amid-looming-semiconductor-tariffs-warns-top-analyst-says-this-may-be-cupertinos-best-option-beyond-white-house-talks">Read the full article here.</a>
Apple&#8217;s India Shift Amid Tariff and Geopolitical Pressures
Reports suggest that Apple plans to import most iPhones sold in the U.S. from India by the end of 2026. This move would require Apple to double its annual iPhone output in India to over 80 million units.
<a href="https://www.benzinga.com/25/04/45014074/apple-plans-iphone-shift-from-china-to-india-amid-tariff-pressures-geopolitical-risks">Read the full article here.</a>
See Also: <a href="https://benzinga.com/25/04/45026632/bill-gates-says-luckily-his-daughter-phoebe-gates-never-asked-him-to-back-her-business" target="_blank" rel="noreferrer noopener">Bill Gates Says &#8216;Luckily&#8217; His Daughter Phoebe Gates Never Asked Him To Back Her Business</a>
Bank of America Cuts Apple&#8217;s Price Target Over AI Delays, Rising Costs
Bank of America has cut its price target for Apple due to fears of looming tariffs and rising supply chain costs, despite near-term sales being fueled by early iPhone buyers.
<a href="https://www.benzinga.com/25/04/44985682/apples-ai-delays-rising-cost-pressures-trigger-price-target-cut-from-bank-of-america">Read the full article here.</a>
Analysts Lower AAPL Stock Price Target Amid Anticipated Tariffs, Supply Chain Concerns
UBS analyst David Vogt has lowered the price target for Apple shares from $236 to $210 in anticipation of widespread tariffs, despite a year-over-year rise in iPhone revenue for the March quarter.
<a href="https://www.benzinga.com/25/04/44973883/analysts-slash-aapl-stock-price-target-amid-anticipated-tariffs-supply-chain-concerns-a-lose-lose-choice">Read the full article here.</a>
EU&#8217;s Hefty Fine on Apple Sparks Backlash in Washington
The European Union&#8217;s enforcement of its Digital Markets Act led to a fine of approximately $540 million on Apple, triggering political backlash in the U.S. and potentially igniting new U.S.-EU trade tensions.
<a href="https://www.benzinga.com/markets/equities/25/04/44972575/trumps-team-blasts-eus-nearly-800-million-fine-on-apple-and-meta-as-extortion-could-us-retaliate-against-the-digital-markets-act">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

AAPL

Apple's Tariff Dodging, Production Shifts, And EU Fines: This Week In Appleverse

The past week has been a rollercoaster ride for the markets, with significant shifts and potential economic shocks looming on the horizon. From the unique advantage of the US in navigating economic shifts due to its dollar-denominated debt, to the escalating tariff war initiated by President Donald Trump, the economic landscape is rife with uncertainty. Here&#8217;s a quick recap of the top stories that shaped the week.
Dollar-Denominated Debt: A Privilege for US Policymakers
Amidst the ongoing market shifts, the U.S.&#8217;s unique position as the issuer of the world&#8217;s reserve currency provides it with a significant advantage. According to Bob Elliot, co-founder, CEO, and CIO of Unlimited and former investment committee member of Bridgewater Associates, the US can prioritize domestic economic conditions due to its debt being denominated in US dollars.
<a href="https://www.benzinga.com/25/04/44971850/us-policymakers-are-privileged-says-expert-as-its-debt-in-usd-can-help-avoid-balance-of-payment-crisis">Read the full article here.</a>
Trump&#8217;s Trade War: Deals, Higher Taxes, and Potential Recession Avoidance
JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) predicts that the ongoing tariff war could lead to agreements between the U.S. and its trade partners, along with a significant rise in tax rates. The global investment strategy team at JPMorgan Wealth Management has projected that the effective tax rate could surge to between 10% and 20%.
<a href="https://www.benzinga.com/markets/25/04/44891073/donald-trumps-trade-war-jpmorgan-predicts-deals-higher-taxes-and-potential-recession-avoidance">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/economics/macro-economic-events/25/04/44994275/gold-now-worth-100x-more-than-silver-analysts-say-its-time-to-buy-the-underdog" target="_blank" rel="noreferrer noopener">Gold Now Worth 100x More Than Silver: Analysts Say It&#8217;s Time To Buy The Underdog</a>
Trump&#8217;s Approval Rating: A Mixed Bag
Despite economic uncertainty, President Donald Trump&#8217;s approval rating stands at 45% in a new Gallup poll. However, an Economist/YouGov poll shows a 16 point drop since he took office in January.
<a href="https://www.benzinga.com/news/25/04/44890428/trumps-gallup-approval-stands-at-45-topping-same-point-in-first-presidency-but-hes-down-16-in-economist-survey">Read the full article here.</a>
Recession on the Horizon?
As the global trade war escalates due to unprecedented U.S. tariffs, Peter Mallouk, the CEO of Creative Planning, has mapped out three possible economic scenarios, with the worst-case outcome forecasting a deep recession and a potential stock market plunge of up to 60%.
<a href="https://www.benzinga.com/25/04/44644834/recession-imminent-analyst-flags-60-market-crash-risk-under-worst-tariff-scenario">Read the full article here.</a>
Trump&#8217;s Tariffs: A Potential $30 Trillion Blow
Former Secretary of the Treasury Lawrence H. Summers warns that the tariffs imposed by President Trump could cost the economy $30 trillion, describing them as the "most expensive and masochistic" move by the U.S.
<a href="https://www.benzinga.com/25/04/44622754/tariffs-are-most-expensive-and-masochistic-could-cost-30-trillion-to-the-economy-erasing-300k-per-family-explains-former-treasury-secretary-larry-summers">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Economics

US Dollar Dominance, Trump's Trade War, And The Threat Of Recession: This Week In Economy

The week brought a flurry of news, with major developments in the political and economic spheres. From President Donald Trump&#8217;s second term being described as &#8216;chaotic&#8217; and &#8216;scary&#8217; by voters to the closure of a key climate diplomacy office, the news cycle was anything but dull. Here&#8217;s a quick recap of the top stories:
Trump&#8217;s Second Term: Chaos and Fear?
A recent poll reveals that a significant number of voters describe President Donald Trump&#8217;s second term as &#8220;chaotic&#8221; and &#8220;scary.&#8221; The New York Times/Siena College poll shows that 66% of registered voters label Trump&#8217;s second term as &#8220;chaotic,&#8221; while 59% call it &#8220;scary.&#8221; The poll also indicates a considerable disapproval rate for Trump&#8217;s handling of major issues.
<a href="https://www.benzinga.com/news/25/04/45027947/trumps-second-term-viewed-as-chaotic-and-scary-by-majority-of-voters">Read the full article here.</a>
Rubio Shuts Down Climate Office
Secretary of State Marco Rubio has decided to dismantle the Office of Global Change, a move that has alarmed global climate advocates. The unexpected announcement has left employees reeling, with no clear timeline for when the closure would be finalized.
<a href="https://www.benzinga.com/markets/equities/25/04/45027993/rubio-shutters-climate-office-alarming-global-climate-advocates">Read the full article here.</a>
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Trump&#8217;s Approval Drops Amid Economic Concerns
A new poll conducted by The Associated Press-NORC Center for Public Affairs Research shows that President Trump&#8217;s approval rating is taking a hit as Americans express concern about the economy&#8217;s trajectory amid rising consumer costs and potential recession risks.
<a href="https://www.benzinga.com/markets/equities/25/04/45027881/trumps-approval-plummets-as-tariffs-bite-americans-expect-skyrocketing-prices-and-shrinking-wallets">Read the full article here.</a>
Trump Open to Millionaires Tax?
In a recent interview, President Trump expressed openness to a tax increase on millionaires, despite previous opposition. He noted that his main concern is the potential impact on his electoral prospects.
<a href="https://www.benzinga.com/25/04/45026565/trump-signals-possible-support-for-millionaires-tax-amid-election-concerns-recalls-george-bushs-promise-he-said-read-my-lips-and-lost-an-election">Read the full article here.</a>
Trump&#8217;s Change of Heart on Autonomous Vehicles
There is renewed optimism for the autonomous driving sector, with the National Highway Traffic Safety Administration updating regulations that could make testing and regulation easier. This comes after President Trump previously opposed autonomous vehicles.
<a href="https://www.benzinga.com/25/04/45022642/trump-change-of-heart-or-musk-influence-president-once-said-would-keep-autonomous-vehicles-from-operating-on-american-roads">Read the full article here.</a>
Letitia James Denies Mortgage Fraud Claims
New York Attorney General Letitia James is fighting back after a Trump administration official referred her to the Justice Department for alleged mortgage fraud. Her lawyer, Abbe Lowell, labelled the referral &#8220;improper political retribution&#8221; and connected it to her prior legal action against Trump.
<a href="https://www.benzinga.com/news/25/04/45002822/letitia-james-attorney-blasts-mortgage-fraud-claims-as-improper-political-retribution">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Politics

Trump's Second Term, Climate Office Closure, Millionaires Tax, And More: This Week In Politics

Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), the world's largest company with a $3.04 trillion market capitalization, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
It is set to report its Q2 2025 earnings on May 1, after the market close. Wall Street analysts expect the company to post EPS of $1.61, up from $1.53 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $94.07 billion, up from $90.75 billion a year earlier.
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<h2 class="wp-block-heading">If You Bought Apple Stock 10 Years Ago</h2>
The company's stock traded at approximately $32.15 per share 10 years ago. If you had invested $10,000, you could have bought roughly 311 shares. Currently, shares trade at $199.74, meaning your investment's value could have grown to $62,128 from stock price appreciation alone. However, Apple also paid dividends during these 10 years.&nbsp;
Apple's dividend yield is currently 0.52%. Over the last 10 years, it has paid about $19.77 in dividends per share, which means you could have made $6,149 from dividends alone.&nbsp;
Summing up $62,128 and $6,149, we end up with the final value of your investment, which is $68,277. This is how much you could have made if you had invested $10,000 in Apple stock 10 years ago. This means a total return of 582.77%. In comparison, S&amp;P 500 total return for the same period is 200.20%.
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
<h2 class="wp-block-heading">What Could The Next 10 Years Bring?&nbsp;</h2>
Apple has a consensus rating of "Buy" and a price target of $236.43 based on the ratings of 29 analysts. The price target implies more than 18% potential upside from the current stock price.
On Jan. 30, the company announced its Q1 2025 earnings, posting revenues of $124.3 billion, beating analyst estimates of $124.13 billion, as reported by <a href="https://www.benzinga.com/news/earnings/25/01/43355688/apple-q1-earnings-revenue-beat-eps-beat-iphone-sales-slip-installed-base-climbs-to-all-time-high-our-best-quarter-ever">Benzinga</a>. The iPhone maker reported adjusted EPS of $2.40, beating analyst estimates of $2.36.
The past week has been turbulent for Apple. Despite a temporary tariff exemption, concerns over chip tariffs have raised fears of supply chain disruptions. Apple's stock has plunged 23% since April 2, amid escalating U.S.-China tensions. CEO Tim Cook reportedly secured the exemption of Apple's China-produced electronic products from import duties through talks with U.S. officials. Meanwhile, rumors about a foldable iPhone are gaining momentum. Check out this <a href="https://www.benzinga.com/tech/25/04/44890054/apples-week-of-tariffs-iphone-stockpile-stock-slides-and-more-this-week-in-appleverse">article by Benzinga</a> for a full recap of Apple's recent key developments.
Given the historical stock price appreciation and expected upside potential, growth-focused investors may find Apple stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 0.52% and consistent hikes. Apple has raised its dividend consecutively for the last 13 years.
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If You Invested $10K In Apple Stock 10 Years Ago, How Much Would You Have Now?

This week, markets across the board have remained relatively calm, with price action reflecting a clear consolidation phase. The Nasdaq, for instance, has formed an inside bar on the weekly chart, meaning the current candle is trading within the high and low of last week's range. This often signals indecision or a buildup before a larger move.
Bitcoin is following a similar pattern. After several weeks of upward movement, the cryptocurrency has entered a tight trading range, consolidating just below key resistance levels. This type of price behavior typically precedes a breakout, and the direction of that breakout could set the tone for Bitcoin&#8217;s next major move.
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Weekly Analysis: Bitcoin Trading Within a Defined Range
On the higher timeframe, Bitcoin remains locked within a clear weekly range. Earlier this week, it dipped below the swing low from March 10, capturing liquidity beneath that level before bouncing back. This kind of price action suggests that buyers are still active and willing to step in at lower prices.
However, Bitcoin has not yet pushed through the key range high near 88,742. This level has now acted as resistance twice, reinforcing its importance. If price returns to this area, how it reacts will be crucial. A clean break above it could open the door to a move toward the 92,000s and possibly set the stage for a run toward all-time highs. On the other hand, another rejection could mark the formation of a local top and increase the chances of a deeper pullback.
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Key Levels and Market Scenarios to Watch
As of now, Bitcoin is holding above 83,000, showing signs of strength despite the consolidation. If it continues to trade above this level and gains momentum, the next upside targets to monitor are 88,000 and then the 92,000s. These levels will be essential in determining whether the current consolidation leads to continuation or reversal.
Should Bitcoin break below 83,000 with conviction, particularly on daily closes, a move down toward the low 80,000s becomes likely. If that support fails to hold, price could revisit the mid-74,000s, an area of previous consolidation and strong demand.
For bullish momentum to remain intact in the bigger picture, Bitcoin needs to stay above 66,000, which marked the low around the election period. As long as price holds above this key higher low, the broader uptrend remains in place, and any pullbacks can be viewed as potential buying opportunities.
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Wrapping Up
Bitcoin is currently in a state of pause after a strong run-up, with price coiling beneath resistance and holding above key support. This kind of consolidation often precedes a decisive move, and traders should be prepared for volatility to return once the range is broken. Whether the breakout comes to the upside or downside will depend on the strength of the next move around the 88,000 and 83,000 zones. As always, staying patient and reactive to price behavior at these key levels will be critical for navigating the next phase in Bitcoin's trend.
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BTC Price Action Tightens: Market In Consolidation Phase Ahead Of A Potential Break

Joe Rogan and Sen. Bernie Sanders (I-VT) don't usually end up in the same political conversation, let alone agreeing, at least not lately. But on a recent <a href="https://www.youtube.com/watch?v=K1ry_B1XNUk">episode</a> of the &#8220;Joe Rogan Experience,&#8221; the podcast host found common ground with the longtime progressive senator on a key issue: the growing power of ultra-wealthy tech leaders.
&#8220;Bernie Sanders is right in that you should be scared of oligarchs,&#8221; Rogan said. &#8220;Oligarchs shouldn't be running our government.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;Bernie Sanders is right that you should be scared of oligarchs and oligarchs shouldn&#39;t be running our government. He&#39;s right in that regard.&quot; &#8211; <a href="https://twitter.com/joerogan?ref_src=twsrc%5Etfw">@joerogan</a> <a href="https://t.co/gg7LyaiDMc">pic.twitter.com/gg7LyaiDMc</a>
&mdash; Armand Aviram (@armandaviram) <a href="https://twitter.com/armandaviram/status/1914106494133428531?ref_src=twsrc%5Etfw">April 20, 2025</a></blockquote>
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<h2 class="wp-block-heading">Rogan and Dillon Discuss Tech Power and Control</h2>
Rogan made the comment during a conversation with comedian Tim Dillon, as the two discussed U.S. export controls on Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips and China's ability to bypass them. They talked about how fake companies in places like Bhutan and Singapore are buying the restricted chips and funneling them back to China.
&#8220;They're both innovating and stealing at the same time,&#8221; Rogan said. Dillon added, &#8220;Can there be anything done to stop their rise?&#8221; Rogan responded, &#8220;Nah, not at this point.&#8221;
The two also raised concerns about the future of AI and the influence of big tech leaders. Ironically, Rogan is friends with one of the most powerful—and many would say most disruptive—people in the world right now: Elon Musk.
Rogan recalled a story from venture capitalist Marc Andreessen about a moment when the government tried to shut down early AI efforts entirely.
&#8220;The government came in and said we&#8217;re not going to let you do this,&#8221; Rogan said. &#8220;Not only are we not going to let you do this, we&#8217;re not going to let anybody do this.&#8221;
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<h2 class="wp-block-heading">Sanders Warns Against Billionaire Power Grab</h2>
The conversation echoed Sanders&#8217; recent warnings in which he blasted President Donald Trump's proposed budget and economic policies. Sanders said Republican tax proposals would <a href="https://www.benzinga.com/personal-finance/25/02/43578641/bernie-sanders-says-we-must-not-savage-programs-for-working-families-to-provide-huge-tax-breaks-for-billionaires">deliver massive breaks to billionaires</a> while gutting programs for working families.
&#8220;At a time of unprecedented income and wealth inequality, when so many of our people are struggling to put food on the table, we must not savage programs for working families to provide huge tax breaks for billionaires,&#8221; Sanders said.
He also criticized Trump&#8217;s call for a federal funding freeze, which was later overturned in court, arguing it could have harmed Medicaid, food assistance, and support for homeless veterans. Sanders has <a href="https://www.benzinga.com/personal-finance/25/01/43234188/bernie-sanders-the-7-25-federal-minimum-wage-is-shameful-in-2025-america">pushed for raising the federal minimum wage</a> to at least $17 per hour and investing in affordable housing.
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<h2 class="wp-block-heading">Shared Worries About the Future</h2>
Both Rogan and Sanders seem to agree, at least on paper, that unchecked power—whether it&#8217;s from the government or Silicon Valley—poses a threat. Rogan warned that a single tech leader could gain enough influence to reshape society entirely.
&#8220;If someone had control of some tech company, let&#8217;s say it&#8217;s an AI company&#8230; and he&#8217;s worth $3 trillion now and decides to lobby and change a bunch of laws and influence politicians and his company starts donating to certain politicians,&#8221; Rogan said. &#8220;You could change the fabric of society with enough money and enough power.&#8221;&nbsp;
However, Rogan didn&#8217;t reflect on the fact that this is almost verbatim what Musk has done, from influencing public discourse on X to securing massive government contracts through his companies.&nbsp;&nbsp;
Musk also <a href="https://www.benzinga.com/personal-finance/25/04/44900136/you-pay-for-what-you-get-bernie-sanders-slams-elon-musks-270-million-trump-donation-says-hes-now-most-powerful-in-government">donated $270 million</a> to support Trump&#8217;s 2024 presidential campaign, making him the largest individual donor of that election cycle—a move Sanders has strongly condemned as yet another example of oligarchic influence on American politics.&nbsp;
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<h2 class="wp-block-heading">Social Media Weighs In</h2>
While Rogan&#8217;s comments resonated with some, others pointed out the contradictions in his stance.
&#8220;Yet Rogan simps for said oligarchs on a daily basis lol,&#8221; one user commented on X.
Another said, &#8220;Would someone tell him that he&#8217;s defining his deity Elon Musk?&#8221;
One person noted the irony: &#8220;I wonder if he gets the irony about Elon Musk running our government for 3 months. Or his steps to manifest that.&#8221;
Another added, &#8220;Well, Rogan&#8217;s been having a lot of oligarchs as of late: [Meta CEO Mark] Zuckerberg, Andreessen, etc., etc., so what is he complaining of.&#8221;
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Joe Rogan Agrees With Bernie Sanders, Saying 'He's Right That You Should Be Scared Of Oligarchs; They Shouldn't Be Running The Government'

Jason Calacanis is openly critical of President Donald Trump&#8216;s impact on the economy. In a series of tweets, the well-known tech investor criticized Trump for creating what he described as &#8220;complete market chaos&#8221; just 92 days into his new term.
&#8220;I&#8217;m basing it on just facts actually&#8230;&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">President Trump was elected to improve the economy; objectively, the only thing he's accomplished in 92 days is complete market chaos. These Trump Truth Tantrums certainly play with the MAGA base, but they destabilize markets. <a href="https://t.co/njI8aKTVXO">pic.twitter.com/njI8aKTVXO</a>
&mdash; @jason (@Jason) <a href="https://twitter.com/Jason/status/1914369470098706852?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
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Calacanis, a well-known investor and entrepreneur who is known for speaking plainly, responded directly to Trump's April 21 Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/114376239725335883">post</a>. In it, Trump claimed inflation was nearly gone and called for immediate interest rate cuts, blaming Federal Reserve Chair Jerome Powell for <a href="https://www.benzinga.com/government/regulations/25/04/44918830/jim-cramer-takes-a-dig-at-trumps-criticism-of-powell-you-would-actually-buy-this-rally-if-trump-hadnt-criticized-the-fed-chair">being too slow</a>.
&#8220;There is virtually No Inflation,&#8221; Trump wrote. &#8220;But there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW.&#8221;
Calacanis was not impressed. He <a href="https://x.com/Jason/status/1914369470098706852">posted on X</a>, &#8220;President Trump was elected to improve the economy; objectively, the only thing he's accomplished in 92 days is complete market chaos.&#8221;
When others challenged him for being subjective, Calacanis stood his ground, submitting charts and saying, &#8220;I&#8217;m basing it on just facts actually… bonds, dollar, markets, layoffs and survey data.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm basing it on just facts actually… bonds, dollar, markets, layoffs and survey data <a href="https://t.co/3rzwNGYGy4">pic.twitter.com/3rzwNGYGy4</a>
&mdash; @jason (@Jason) <a href="https://twitter.com/Jason/status/1914396563981361452?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
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<h2 class="wp-block-heading">Tariffs, Trade Wars, and Tension</h2>
Two days later, Trump told reporters that his 145% tariffs on Chinese goods would &#8220;come down substantially, but it won't be zero.&#8221; Treasury Secretary Scott Bessent <a href="https://www.benzinga.com/markets/25/04/44942449/trump-pledges-substantial-cut-in-china-tariffs-but-refuses-to-make-it-zero-if-they-dont-make-a-deal-we-will-set-the-deal">called the tariffs unsustainable</a> and said a de-escalation was likely.
Trump's tariffs and his threats toward the Federal Reserve have spooked investors. Markets briefly rebounded on Bessent's comments, but overall volatility remains.&nbsp;
In response to someone posting &#8220;Just say it, he&#8217;s destroying the economy,&#8221; Calacanis <a href="https://x.com/Jason/status/1914410211298959492">said</a>, &#8220;He's rattled it. It would be VERY hard to destroy the US economy&#8230; you could mute it 10-35%, but not kill it.&#8221;
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<h2 class="wp-block-heading">Mixed Signals from the White House</h2>
Despite high tariffs, Trump has tried to strike a friendly tone with China. &#8220;We're going to live together very happily and ideally work together,&#8221; he <a href="https://youtu.be/DiXbQaDzB_c?si=5nM5eOlkUWmqOKgu&amp;t=807">said</a>.
Meanwhile, China continues to push back, warning other nations against striking trade deals with the U.S. that could harm Chinese interests. Beijing has also pressured companies in South Korea to stop exporting any products with Chinese minerals to U.S. defense contractors.
Calacanis summed it up plainly in his original post: &#8220;These Trump Truth Tantrums certainly play with the MAGA base, but they destabilize markets.&#8221;
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Investor Jason Calacanis Says, 'These Trump Truth Tantrums Certainly Play With The MAGA Base, But They Destabilize Markets'

In a significant move towards autonomous transportation,&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is gearing up for its robotaxi debut in June. 
What Happened: According to reports, Tesla has been secretly testing its self-driving software in Austin&nbsp;with hundreds of test drivers. 
Approximately 300 Tesla test operators are driving around Austin&#8217;s streets&nbsp;using prototypes of the company&#8217;s&nbsp;self-driving software, as part of an initiative known as &#8220;Project Rodeo.&#8221;
In preparation for the launch, Tesla has been accumulating &#8220;critical miles&#8221;, conducting training events with local first responders, forming&nbsp;a team of remote operators,&nbsp;and testing its robotaxi app with&nbsp;Autopilot engineers in Austin and&nbsp;San Francisco.
Test drivers have been used by Tesla since 2016 to fine-tune its advanced driver-assist software. However, the efforts have been intensified&nbsp;over the past year, four&nbsp;current and former employees revealed. The company aims to launch the service by June 1, insiders said <a href="https://www.businessinsider.com/tesla-robotaxi-launch-austin-june-internal-details-2025-4">to</a> Business Insider.
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During Tesla&#8217;s earnings call last week, CEO Elon Musk announced that Austin residents would soon be able to pay for rides&nbsp;in a self-driving Model Y.&nbsp;He estimated that the program&nbsp;would initially&nbsp;launch with 10 to 20&nbsp;cars.
Despite the progress, some employees have voiced concerns about the ambitious deadline and the challenges associated with logging critical miles. These tests, conducted&nbsp;in complex or high-risk driving&nbsp;situations, are crucial for assessing the self-driving system&#8217;s ability to&nbsp;handle edge cases without human&nbsp;intervention.
Tesla has also been working&nbsp;closely with local emergency services.&nbsp;The company met with the&nbsp;city&#8217;s autonomous vehicle task force,&nbsp;which includes members of the&nbsp;Austin Fire Department, in December.
The company&nbsp;has begun demoing its robotaxi&nbsp;app with employees. The app enables Tesla employees to avail&nbsp;free rides within a geofenced&nbsp;region, a virtual boundary that indicates&nbsp;where the vehicle can safely&nbsp;operate.
Why It Matters: The launch of Tesla&#8217;s robotaxi service in Austin marks a significant step in the company&#8217;s journey towards autonomous transportation. 
The successful implementation of this service could potentially revolutionize the transportation industry, making Tesla a key player in the autonomous vehicle market. However, the ambitious deadline and the challenges associated with testing in complex driving situations highlight the difficulties in achieving full autonomy. 
The company&#8217;s collaboration with local emergency services and the testing of its robotaxi app indicate its commitment to ensuring safety and efficiency in its autonomous operations.
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Tesla Prepares for Robotaxi Reveal in June, Insiders Share Secrets

Secretary of State Marco Rubio is dismantling a key climate diplomacy office, a move that is throwing U.S. international environmental efforts into disarray just months <a href="https://www.benzinga.com/news/25/04/44928877/youre-just-being-foolish-if-you-ignore-climate-change-says-ross-gerber-he-believes-tesla-is-central-to-the-solution" target="_blank" rel="noreferrer noopener">ahead of critical global talks</a>.
On Thursday, staff at the Office of Global Change were verbally informed that the unit, which has overseen U.S. engagement in international climate negotiations, would be dissolved, according to three individuals who requested anonymity out of fear of professional retaliation, Politico <a href="https://www.politico.com/news/2025/04/24/rubio-eliminates-climate-office-00308505" target="_blank" rel="noreferrer noopener">reports</a>.
The unexpected announcement left employees reeling, with no clear timeline for when the closure would be finalized.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/42770035/bank-of-america-citigroup-exit-climate-alliance-as-trump-policies-shift-energy-priorities" rel="noreferrer noopener">Bank of America, Citigroup Exit Climate Alliance As Trump Policies Shift Energy Priorities</a>
One State Department official warned that the decision could severely undermine America&#8217;s position at the upcoming COP30 climate summit, calling it &#8220;the worst possible time&#8221; to retreat from the global stage, the report notes.
Another source criticized the move as strategically &#8220;dumb,&#8221; suggesting it would create a leadership vacuum that China could exploit.
A spokesperson for the State Department confirmed to Politico that eliminating the office aligns with President Donald Trump&#8216;s mandate to withdraw from international climate agreements. In fact, the Office of Global Change had supported initiatives that hobbled U.S. interests under prior administrations and was no longer necessary under the current policy direction, the report further adds.
The closure of the Office of Global Change follows the earlier elimination of the Office of the Special Presidential Envoy for Climate, a separate but closely linked unit, as part of a broader State Department restructuring plan announced by Rubio earlier this week.
Both offices had played major roles in steering U.S. efforts related to the Paris Agreement and other global climate initiatives.
While Trump has taken steps to withdraw from the Paris climate accord, the U.S. remains a participant in the underlying UN treaty framework.
It remains unclear whether the United States will dispatch any delegation to the COP30 summit scheduled to be held in Brazil this November.
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General

Rubio Shutters Climate Office, Alarming Global Climate Advocates

In a recent poll, a significant number of voters said that President Donald Trump&#8216;s second term has been &#8220;chaotic&#8221; and &#8220;scary.&#8221; The poll also indicates a considerable disapproval rate for Trump&#8217;s handling of major issues.
What Happened: The New York Times/Siena College <a href="https://www.nytimes.com/2025/04/25/us/politics/trump-poll-approval.html?login=email&amp;auth=login-email">poll</a> reveals that 66% of registered voters describe Trump&#8217;s second term as &#8220;chaotic,&#8221; while 59% label it as &#8220;scary.&#8221;
The survey also indicates that 47% of Republican voters and 75% of independents concur with the term &#8220;chaotic.&#8221; However, fewer Republicans (36%) and independents (61%) agreed with the term &#8220;scary.&#8221;
Trump&#8217;s handling of all of the specific issues in the poll was found to be negative. His highest approval was for his handling of immigration, with 47% approving and 51% disapproving.
His lowest approval ratings were for his management of the Ukraine-Russia war and the deportation of Kilmar Abrego Garcia, with only 35% and 31% approval respectively.
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Overall, 42% approved of Trump&#8217;s second stint in the Oval Office so far, while 54% disapproved. The poll surveyed 913 voters nationwide between April 21-24.
Why It Matters: This poll comes at a time when the President&#8217;s approval ratings have been consistently low. The perception of his second term as &#8220;chaotic&#8221; and &#8220;scary&#8221; by a majority of voters could potentially impact the upcoming mid-term elections.
The significant disapproval rate for Trump&#8217;s handling of key issues, particularly the Ukraine-Russia war and immigration, may also influence voters&#8217; decisions in the future. 
The high disapproval rate among independents, who often play a crucial role in elections, is another factor that could have significant political implications.
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Trump's Second Term Viewed as 'Chaotic' and 'Scary' by Majority of Voters

When it comes to understanding everyday financial concepts, most Americans are still struggling. According to new findings from the FINRA Investor Education Foundation's <a href="https://www.finra.org/media-center/newsreleases/2025/finra-foundation-releases-state-state-financial-knowledge-findings">National Financial Capability Study</a>, just 4% of respondents answered all seven questions on a basic financial literacy quiz correctly. And while some areas — like inflation — show improvement, the overall results highlight the need for stronger <a href="https://www.benzinga.com/personal-finance/25/03/44130633/you-just-talk-about-life-and-money-is-part-of-life-rachel-cruze-talks-on-teaching-finances-to-kids-based-on-how-dave-ramsey-raised-her">financial education</a>.
<h2 class="wp-block-heading">What the Quiz Measures</h2>
The FINRA quiz focuses on seven questions that cover common financial topics: interest rates, inflation, bond prices, mortgages, stocks, debt, and probabilities. These are all issues that come up in everyday decisions — from choosing between a 15- or 30-year mortgage to deciding whether to invest in a <a href="https://www.benzinga.com/personal-finance/25/02/44016490/21-year-old-pro-investor-challenges-dave-ramsey-show-hosts-on-index-funds-vs-mutual-funds-80-of-mutual-funds-dont-beat-the-market">stock or mutual fund</a>.
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In total, more than 25,500 adults across all 50 states and Washington, D.C. took the quiz. On average, respondents answered only 3.3 questions correctly, gave 1.5 incorrect answers, and said "don't know" to 2.2 questions.
Only 27% of participants got at least five questions right. Just 4% answered all seven correctly.
<h2 class="wp-block-heading">Could You Answer These?</h2>
Here's a sample of the types of questions included in the quiz:
Question: Suppose you owe $1,000 on a loan and the interest rate you are charged is 20% per year compounded annually. If you didn&#8217;t pay anything off, at this interest rate, how many years would it take for the amount you owe to double?
Answer choices:
<ul>
<li>Less than 2 years</li>
<li>2 to 4 years</li>
<li>5 to 9 years</li>
<li>10 or more years</li>
<li>Don't know</li>
</ul>
The correct answer is 2 to 4 years, but only about 30% of participants got it right, according to <a href="https://www.usatoday.com/story/money/2025/04/19/american-consumers-inflation-financial-literacy-quiz-education/83145630007/">USA Today</a>. This concept — how fast debt can grow when interest compounds — is key to avoiding long-term credit card problems.
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Another question focused on inflation and savings:
Question: Imagine that the interest rate on your savings account is 1 percent a year and inflation is 2 percent a year. After one year, would the money in the account buy more than it does today, exactly the same or less than today?
Correct answer: Less than today.
FINRA's data shows that 58% of Americans answered this one correctly in 2024, up from 53% in 2021. Among people aged 55 and older, 72% got it right — the highest score of any age group.
<h2 class="wp-block-heading">Some States Scored Higher Than Others</h2>
Financial literacy also varied significantly by state. According to FINRA, Minnesota topped the list, with nearly 35% of residents answering five or more questions correctly. Wisconsin, the District of Columbia, Colorado, and Wyoming rounded out the top five.
Meanwhile, in the lowest-ranking states — Louisiana and Mississippi — fewer than 20% of participants answered at least five questions correctly.
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<h2 class="wp-block-heading">Why Financial Literacy Matters</h2>
Failing to understand basic financial principles like compound interest or inflation can have real-world consequences. Consumers who don't fully grasp how credit card interest works, for example, may end up carrying balances they can't afford — especially with today's average credit card rates around 20%, according to <a href="https://www.bankrate.com/credit-cards/advice/current-interest-rates/">Bankrate</a>.
&#8220;Knowledge of everyday financial concepts remains a challenge for many Americans,&#8221; said Gerri Walsh, president of the FINRA Foundation. She added that although awareness of inflation has improved, more education is needed to help people navigate complex financial decisions.
<h2 class="wp-block-heading">Take the Quiz Yourself</h2>
Want to see how you stack up? The <a href="https://www.finra.org/financial_knowledge_quiz">full seven-question quiz</a> is available through the FINRA Foundation's website.
Whether you're brushing up on old skills or learning something new, understanding how your money works is always a smart move — no matter your age.
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Image: Shutterstock

Only 4% Of Americans Aced This 7-Question Financial Literacy Quiz — Can You?

Ramit Sethi is a financial expert who wrote the book "I Will Teach You To Be Rich." He isn't afraid to share unconventional takes on personal finance and share which strategies bother him the most.
He's been critical of the Financial Independence, Retire Early movement. FIRE is a personal finance strategy that involves accumulating enough money to retire at a young age. There are many Reddit groups that discuss Sethi and FIRE, and those forces came to a head in a <a href="https://www.reddit.com/r/financialindependence/comments/1dv4e9o/ramit_sethis_problems_with_the_fire_movement/">recent Financial Independence Reddit post</a>.
"Frugal FIRE can make you miserable," a Redditor explained Sethi's stance in a post.&nbsp;
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Some people agreed with Sethi, while others believe that his advice caters mostly to rich people. These were some of Reddit's takes on Sethi's beef with the FIRE movement.
<h2 class="wp-block-heading">Spending To Maximize Your Enjoyment</h2>
One of the Redditors who came in defense of Sethi viewed the financial guru's remarks as an emphasis on how you spend your money. Sethi advocates for spending money on things that you enjoy so you can live a more fulfilling life. He's against dying with a stack of cash and living cheaply.
"I think Ramit was talking about spending in general. The spending muscle he&#8217;s talking about is learning how to spend in a way that maximizes your enjoyment [of] life and what you value, not just ‘spending on stuff'. In other words, learning that buying the latest gadget doesn&#8217;t actually make you happy, but spending hours and hours of research finding the cheapest phone available, or depending on an unreliable or unsafe car, in order [to] save a few dollars, doesn&#8217;t make you happy either," the Redditor suggested.
It also aligns with the original poster's summary of Sethi's opinion on the FIRE movement. The financial guru believes that "FIRE folks need to develop healthy spending." Saving money is great, but it's okay to spend some of it.
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<h2 class="wp-block-heading">You Don't Have To Spend On Stuff To Be Happy</h2>
One Redditor in the comments views Sethi as "mostly a skilled marketer" and doesn't believe there are "strong principles behind what he says."
This Redditor didn't agree with Sethi's stance on spending, especially the notion of buying things that make you happy.&nbsp;
"I find that spending on stuff at this point has no lasting impact on my happiness. Maybe I get a small bump when I buy something new, but that item quickly becomes part of the background and doesn&#8217;t generate any long-term happiness," the Redditor stated.
Although Sethi has a good message on not restricting yourself, that good idea can turn into impulsive purchases. Some restraints [are] good, such as fasting for a day. It's hard to give up food for a day, but your body can repair itself via autophagy if you give your digestive system a break. Similarly, restraining yourself from making purchases can help you build wealth and have less stress when you retire.
You also don't have to buy new things all the time to be happy. Less is more since you will assign a higher value to the few things that you decide to buy.
"I have things that make me happy each time I use them. But they last, so I&#8217;m not buying a new one all the time," another Redditor said.
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<h2 class="wp-block-heading">Understanding The FIRE Movement</h2>
Many people have embraced the FIRE movement. While it's good that many people care about creating financial independence, it can be easy to forget the underlying pillars of a movement when more people join. One Redditor offered a concise summary of FIRE that's relevant for Sethi's FIRE beef.
"The first tenant of FIRE is literally: Build the life you want. Then save for it."
Building the life you want may mean retiring earlier so you don't have to go to a job that you hate. Some people can't wait to escape their jobs, and that long-term goal may be more valuable to them than any item or vacation. Some people are happier when they make the occasional purchase or go on a vacation, but others can't wait to live a life that is more on their terms.
However, FIRE pursuers can benefit from taking occasional days or weeks off to connect with friends, go to events, pursue their hobbies, and enjoy new experiences. Although the FIRE crowd doesn't entirely agree with Sethi, his perspective on living a Rich Life can be valuable to people as they balance long-term retirement goals with enjoying life right now.
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Image: Shutterstock

Reddit Dissects Ramit Sethi's Beef With The FIRE Movement: 'Frugal FIRE Can Make You Miserable'

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