FVCBankcorp (NASDAQ:FVCB) 주식

FVCBankcorp

FVCBankcorp Inc is a registered bank holding company. It operates through the sole subsidiary, FVCbank which is a community-oriented, locally-owned, and managed commercial bank. It offers commercial banking services to small and medium-sized businesses, professionals, non-profit organizations and associations, and investors. It also provides retail banking services to accommodate the individual needs of both corporate customers as well as the communities it serves. The bank provides other facilities such as online banking, mobile banking, remote deposit service, and lending products, among others. Its primary source of revenue is the net interest income.

FVCBankcorp Inc

<h3>Companies Reporting Before The Bell</h3>
• Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) is likely to report quarterly loss at $0.19 per share on revenue of $38.59 million. 
• MoneyHero (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNY#NASDAQ">MNY</a>) is projected to report earnings for its first quarter. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ROOT

Earnings Scheduled For June 13, 2025

Accusing a former employee of stealing confidential materials related to Optimus and launching a rival startup, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has filed a lawsuit in federal court.
What Happened: Zhongjie "Jay" Li, who was part of the team working on Tesla's robotic hand sensors from August 2022 to September 2024, allegedly downloaded sensitive files just before resigning from his position, Fortune <a href="https://fortune.com/2025/06/12/tesla-sues-ex-optimus-engineer-robot-trade-secrets/">reports</a>. Filed on Wednesday in San Francisco, the lawsuit claims that within a week of his departure, Li incorporated a new company, Proception Inc., which is now based in Palo Alto.
Within five months, Proception reportedly showcased humanoid hands similar to Tesla's own designs. The lawsuit also names Proception as a defendant and accuses both parties of misappropriating trade secrets.
See Also: <a href="https://www.benzinga.com/news/movers-shakers/25/06/45917407/elon-musk-net-worth-down-64-billion-in-2025-but-tesla-ceo-still-richer-than-value-of-ford-general-motors-stellantis-toyota-combined">Elon Musk Net Worth Down $64 Billion In 2025 — But Tesla CEO Still Richer Than Value Of Ford, General Motors, Stellantis, Toyota Combined</a>
Why It Matters: CEO Elon Musk has described the company&#8217;s robotic hand as "the most sophisticated ever made," and projected that Optimus could become the company's most valuable product in the long run.
Last month, Musk shared his belief that humanoid robots will <a href="https://www.benzinga.com/news/topics/25/05/45710538/elon-musk-says-humanoid-robots-will-start-impacting-countries-gdps-in-4-to-5-years-robot-cars-even-sooner-in-just-1-to-2-years">start impacting countries' GDPs in &#8220;4-5 years.&#8221;</a> Musk has also asserted that Optimus can learn tasks <a href="https://www.benzinga.com/markets/equities/25/05/45536080/elon-musk-says-teslas-optimus-can-learn-tasks-by-watching-youtube-videos-just-like-a-human">simply by watching YouTube videos</a>, much like humans can.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has suggested that Optimus might be the <a href="https://www.benzinga.com/news/25/05/45691451/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo" target="_blank" rel="noreferrer noopener">first humanoid robot to reach both mass production and advanced technical capability</a>. &#8220;I think this is likely to be the next multi-trillion-dollar industry,&#8221; he said.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45919550/cathie-wood-buys-tesla-again-calls-elon-musks-ev-giant-largest-ai-project-on-earth-report">Cathie Wood Buys Tesla Again, Calls Elon Musk&#8217;s EV Giant &#8216;Largest AI Project On Earth:&#8217; Report</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

NVDA

TSLA

Elon Musk's Tesla Files Lawsuit Alleging Ex-Employee Stole Humanoid Tech To Launch Rival

Former President Barack Obama has quietly taken on the role of leadership coach to Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) co-founder Brian Chesky, meeting weekly in what the billionaire calls "night school" and pressing him to steer the home-sharing platform with deliberate purpose rather than on autopilot.
What Happened: In a new podcast appearance, Chesky recounted Obama's warning to shun leaders who act like "self-driving cars" and revealed homework-style assignments that reshaped both his personal life and the direction of Airbnb.
Chesky recently told Michelle Obama's "IMO" podcast that the calls ran a full hour every week, stacked on top of 100-hour workweeks in the run-up to Airbnb's 2020 IPO. 
&#8220;I basically had my day job during the day, and then I had my night school with the former president,&#8221; he said. The former president urged Chesky to think deeply about relationships with colleagues, shareholders and society — and plot an intentional course.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="BRIAN CHESKY Gets Honest About the Future of AI, Online Dating, and Maintaining Friendships &#x7C; IMO" width="500" height="281" src="https://www.youtube.com/embed/uRaIABQXwBo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
"He told me something that I'll never forget," Chesky revealed. "He said you should institutionalize your intentions, so that even when you're a public company, you can make sure not to compromise your vision.&#8221;
See also: <a href="https://www.benzinga.com/personal-finance/management/25/06/45911214/dave-ramsey-told-a-31-year-old-man-making-less-than-10k-a-year-you-have-a-pretty-extreme-income-problem-but-youre-not-bankrupt">Dave Ramsey Told A 31-Year-Old Man Making Less Than $10K A Year, You Have A &#8216;Pretty Extreme Income Problem,&#8217; But You&#8217;re Not Bankrupt</a>
&#8220;And what he meant by that, I think, was that you should be more thoughtful about what you're making, why you're making it, and the impact of what you're making is on people," he clarified. Chesky went on to add that Obama's advice made a "really, really big difference" at Airbnb.
Why It Matters: This wasn&#8217;t the first instance of Chesky heaping praise on Obama&#8217;s advice. In a separate showing on the Rapid Response podcast back in 2024, Chesky revealed how Obama, during a conversation over dinner in 2017, advised him to lock Airbnb's purpose into the company bylaws before going public: "Institutionalize your intentions so you don't compromise your vision." The directive inspired the company's five-stakeholder framework and the creation of a Host Endowment fund.
The mentorship didn't stop at boardroom philosophy. Obama's push to stay "hands-on" with relationships inspired Chesky's $100 million Voyager Scholarship for public-service students and his own habit of phoning friends between busy workweeks, a tactic he says keeps success from becoming isolating.
Even Chesky's now-famous 2008 "<a href="https://www.benzinga.com/news/20/12/18700895/how-airbnb-sold-30-000-in-obama-mccain-ipoats-cereal-in-early-funding-days-1">Obama O's</a>" cereal stunt that kept Airbnb alive remains a popular anecdote in the startup&#8217;s origin story.
Read next: <a href="https://www.benzinga.com/markets/earnings/25/06/45909157/larry-ellison-says-most-of-the-worlds-valuable-data-is-in-oracle-as-ai-demand-skyrockets">Larry Ellison Says &#8216;Most Of The World&#8217;s Valuable Data&#8217; Is In Oracle As AI Demand Skyrockets</a>
Photo courtesy: Shutterstock

News

ABNB

Barack Obama Once Told Airbnb CEO Brian Chesky Not To Lead Like A 'Self-Driving Car:' Here's What Former President Meant

The student loan policies of the Trump administration, backed by Congressional Republicans, could pose a significant risk to the U.S. economy, potentially overshadowing concerns about Trump&#8217;s tariff policies, according to an expert.
What Happened: The student loan debt in the U.S. stands at an alarming $1.6 trillion, owed by nearly 43 million Americans, according to the U.S. Department of Education. Despite the gravity of the issue, discussions about student loan relief in Congress have been replaced by efforts to increase the burden on borrowers, as <a href="https://www.latimes.com/business/story/2025-06-12/forget-inflation-the-gops-policies-on-student-loans-will-crack-the-economy">reported</a> by the Los Angeles Times.
Aissa Canchola Bañez, Policy Director for the Student Borrower Protection Center, recently voiced concern over the potential economic harm this could cause. She criticized the administration for economically pressuring millions of Americans, which could further impact an already struggling economy.
"Instead of helping the 5 million borrowers that have fallen into default and the millions more that are behind and now at risk of default later this year, this Administration appears set on inflicting massive economic harm on millions of Americans.
Since the resumption of student loan payments, credit scores of about 9.7 million borrowers have significantly dropped, as per&nbsp;a report by the Federal&nbsp;Reserve Bank of New York. This has resulted in increased rejection rates for mortgage refinancings and other loans, which could further slow down the economy.
The budget bill, advanced by the GOP-controlled House, may heighten the financial strain on families already grappling with the cost of higher education. Critics contend that the primary winners of these proposed changes would be private student loan providers, including banks and private equity firms. SEE ALSO:&nbsp;<a href="https://benzinga.com/news/topics/25/06/45908840/as-layoffs-mount-one-question-is-getting-louder-what-happens-to-skyscraper-offices-in-cities-like-bos" target="_blank" rel="noreferrer noopener">As Layoffs Mount, One Question Is Getting Louder: What Happens To Skyscraper Offices In Cities Like Boston When People Are Replaced By AI?</a>
Why It Matters:&nbsp;On April 21, Education Secretary Linda McMahon announced that defaulted loans would be sent to collections, allowing wage garnishment and seizure of tax refunds and Social Security benefits. Following public backlash, the administration reversed plans to take Social Security from about 450,000 defaulting borrowers aged 62 and older.
Nevertheless, proposed changes by Republican lawmakers could <a href="https://www.benzinga.com/government/25/06/45878605/the-student-loan-funding-gap-is-growing-wider-is-congress-making-the-divide-irremediable">exacerbate </a>the student loan crisis, raising the cost of college for millions and accelerating a shift towards private lending. The draft legislation proposes eliminating or restricting several key federal student loan programs, which could deepen inequities and reduce access to higher education.
Furthermore, the Trump administration&#8217;s decision to restart collections <a href="https://www.benzinga.com/news/education/25/06/45880010/elizabeth-warren-says-millions-face-financial-scarlet-letter-as-trump-restarts-student-loan-collections-can-cost-someone-a-job-opportunity">on defaulted</a> federal student loans could result in millions of borrowers facing a &#8220;financial scarlet letter,&#8221; putting home purchases and job prospects at risk. The New York Federal Reserve projects a surge in defaults this summer, with roughly 2.2 million borrowers already seeing credit scores plunge more than 100 points since negative reporting resumed last fall.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45918307/bitcoin-ethereum-dogecoin-bleed-after-israel-launches-premptive-strike-against-iran-analyst-foresees-lower-levels-for-eth-if-it-fails-to-hold-this-support" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Bleed After Israel Launches &#8216;Premptive Strike&#8217; Against Iran: Analyst Foresees &#8216;Lower Levels&#8217; For ETH If It Fails To Hold This Support &#8211; Grayscale Bitcoin Mini Trust (BTC) C</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Trump's Student Loan Policies Could Inflict 'Massive Economic Harm,' For Americans, Warns Expert: 'Instead Of Helping The 5 million Borrowers...'

In a bold projection, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bull and Galaxy&nbsp;Digital&nbsp;CEO Mike Novogratz said Thursday that the apex cryptocurrency could grow tenfold to $1 million, eventually replacing gold as the top store of value asset.
What happened: During an <a href="https://www.cnbc.com/video/2025/06/12/bitcoin-is-now-a-macro-asset-says-galaxy-digital-ceo-mike-novogratz.html">interview</a> with CNBC, Novogratz called Bitcoin an &#8220;institutionalized macro asset&#8221; that investors assess alongside traditional heavyweights such as gold, silver and the S&amp;P 500
"People thought we were crazy," Novogratz remarked, recalling on the skepticism that once surrounded the cryptocurrency.
This turnaround, Novogratz argues, happened after BlackRock's Larry Fink, one of Wall Street's most influential voices, <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43150952/blackrock-ceo-larry-fink-says-bitcoin-could-rise-to-700000-on-fiat-fears-if-youre-frightened-of-the-debasement">threw his weight behind Bitcoin</a>.
&#8220;Once Larry Fink said BlackRock is getting behind this, all that pushing the snowball uphill that started rolling downhill. And now we&#8217;ve got all these treasury companies buying Bitcoin. We&#8217;ve got sovereign wealth buying Bitcoin. We&#8217;ve got retail investors buying Bitcoin,&#8221; Novogratz said. &#8220;I think that&#8217;s now a ball rolling downhill.&#8221;
Novogratz predicted that over time, young people would find it more appealing than the older generation. 
&#8220;And so gold slowly gets replaced by Bitcoin. If you look at gold&#8217;s market cap and Bitcoin&#8217;s market cap, Bitcoin has a long way to go, 10x, and so that&#8217;s $1 million in Bitcoin just to be where gold is.&#8221;
As of this writing, gold was indeed the most valued asset in the world, with a capitalization of around $23.144 trillion. Bitcoin&#8217;s market capitalization stood at $2.066 trillion.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: Interestingly, Novogratz's optimism about Bitcoin displacing gold comes at a time when the <a href="https://www.benzinga.com/crypto/25/06/45919140/gold-backed-cryptos-surge-as-israel-iran-tensions-ignite-safe-haven-rush-coins-linked-to-tether-pax-top-30-ytd-outshine-bitcoin">apex cryptocurrency</a> has sharply fallen due to geopolitical tensions in the Middle East. 
In fact, it was gold that behaved like a risk-off asset as investors sought refuge in the safe haven following&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45918307/bitcoin-ethereum-dogecoin-bleed-after-israel-launches-premptive-strike-against-iran-analyst-foresees-lower-levels-for-eth-if-it-fails-to-hold-this-support" target="_blank" rel="noreferrer noopener">Israel&#8217;s strikes on Iran</a>.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $104,367.99, down 3.62% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;Spot gold was up 0.83% to $3,414.82 per ounce as of this writing.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45876652/trump-family-backed-bitcoin-mining-firm-acquires-23-million-worth-of-btc-signals-more-accumulation-in-the-future">Trump Family-Backed Bitcoin Mining Firm Mines $23 Million Worth Of BTC, Signals More Accumulation In The Future</a></li>
</ul>
Image Via Shutterstock

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

Cryptocurrency

$BTC

$ETH

Mike Novogratz Says Bitcoin Could Reach $1 Million As BlackRock's Larry Fink Pushes BTC Adoption, Gold Gets Replaced: 'A Ball Rolling Downhill'

A new poll from Quinnipiac University shows that President Donald Trump's job approval has fallen to 38%, the lowest point of his second term.
What Happened: The poll was conducted between June 5 and 9 among 1,265 registered voters, The Hill <a href="https://thehill.com/homenews/administration/5346550-trump-job-approval-drops-survey/?tbref=hp">reports.</a> It found that 54% disapprove of Trump's performance, while 38% signaled their approval. The new figures showcase a sustained decline from 46% in January. Approval fell to 45% in February, 42% in March, and 41% in April. No data was published for May.
Trump scored highest on immigration, where 43% approved of how he handled the issue, but numbers are down from 45% in April. On deportations, approval dropped to 40% from 42%.
His ratings on other major issues are as follows: 40% on the economy, 38% on trade, 37% on universities, 35% on the Israel conflict and 34% on the Russia-Ukraine war.
"As the Russia – Ukraine war grinds through its third year, Americans make it clear they have little appetite for the way the Trump administration is handling the situation," said Tim Malloy, a polling analyst at Quinnipiac University.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45894541/trump-sports-president-military-birthday-parade">Airtime Denied: Trump B-Day, Military Parade Gets Streaming Treatment</a>
Why It Matters: Figures from the Quinnipiac University survey differ slightly from other polls. As per Decision Desk HQ's polling averages, Trump currently holds a 47% approval rating, with 49.9% disapproving of his performance.
A separate YouGov/The Economist survey conducted this week indicates that 45% of registered voters approve of Trump, while 53% disapprove.
These numbers coincide with Trump's first six months in office, during which he made headlines for his <a href="https://www.benzinga.com/markets/equities/25/06/45910211/trumps-first-six-months-these-4-markets-crush-sp-500-as-tariffs-boomerang">aggressive tariff policies</a>, <a href="https://www.benzinga.com/news/politics/25/06/45900294/trump-deploys-marines-to-la-with-authority-to-detain-civilians-california-challenges-military-involvement-in-immigration-enforcement">crackdown on immigration</a> and the <a href="https://www.benzinga.com/markets/economic-data/25/06/45919422/trumps-one-big-beautiful-bill-is-the-largest-redistribution-from-poor-to-rich-in-american-history-says-economist-justin-wolfers-amid-tax-cuts-spending-s">"big, beautiful bill."</a>
Tomorrow, Trump will celebrate his 79th birthday, which <a href="https://www.benzinga.com/markets/25/05/45184301/us-armys-250th-anniversary-parade-to-coincide-with-trumps-79th-birthday">coincides with the U.S. Army's 250th anniversary</a>, to be celebrated with a full-scale parade featuring more than 6,000 troops, around 100 military vehicles and almost 50 aircraft at the National Mall in Washington DC.
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/06/45916986/walmart-heiress-takes-on-trump-with-no-kings-ad-white-house-calls-it-burning-some-of-her-inheritance-for-a-pr-stunt">Walmart Heiress Takes On Trump With &#8216;No Kings&#8217; Ad: White House Calls It &#8216;Burning Some Of Her Inheritance For A PR Stunt&#8217;</a></li>
</ul>
Photo courtesy: Joey Sussman / Shutterstock.com

Politics

Trump's Approval Rating Hits Second-Term Low Amid Ukraine And Israel Conflicts

<ul>
<li>POD1UM-303/InterAACT 2 is the first and largest global Phase 3 trial evaluating a PD-1 inhibitor in combination with chemotherapy for the treatment of patients with advanced SCAC not previously treated with systemic chemotherapy</li>
<li>The trial met its primary endpoint; treatment with retifanlimab in combination with platinum-based chemotherapy (carboplatin-paclitaxel) resulted in clinically meaningful improvements in progression-free survival and overall survival</li>
<li>In May 2025, the U.S. Food and Drug Administration (FDA) approved Zynyz&#xAE; (retifanlimab-dlwr) in combination with carboplatin and paclitaxel and as a single agent for the treatment of advanced SCAC; submissions to other global regulatory agencies are also under review</li>
</ul>

INCY

Reported Earlier, Incyte's Retifanlimab (Zynyz) Shows Median PFS of 9.3 Months vs 7.4 With Placebo In SCAC Phase 3 Study Published In The Lancet Following May 2025 FDA Approval

GameStop estimates that the net proceeds from the offering will be approximately $2.23 billion (or approximately $2.68 billion if the initial purchaser exercises its option to purchase additional notes in full), after deducting the initial purchaser's discount and commissions and estimated offering expenses payable by GameStop.
GameStop intends to use the net proceeds from the offering for general corporate purposes, including making investments in a manner consistent with GameStop's Investment Policy and potential acquisitions.

Reported Earlier, GameStop To Raise $2.25B From 0.00% Convertible Notes Due 2032, With Net Proceeds Targeted For Corporate Investments

<ul>
<li>Daily nonstop service from New York's JFK introduces the airline's award-winning service and low fares to Honduras</li>
<li>To celebrate launch, limited $119 one-way fares available online only on jetblue.com</li>
</ul>

JBLU

Reported Earlier, JetBlue Begins Daily Flights To San Pedro Sula, Connecting New York Travelers To Honduras

IPOs

BACC

Reported Earlier, Blue Acquisition Corp. Prices $175M Initial Public Offering Of 17.5M Units At $10 Per Unit

Reported Earlier, Norfolk Southern Taps Transportation Veteran Richard Anderson As New Independent Chair

Expanded indication builds on existing U.S. FDA approval of mRESVIA for adults aged 60 and older

MRNA

Reported Earlier, Moderna's RSV Vaccine mRESVIA Approved By FDA For Adults Aged 18–59 With Underlying Health Conditions

Reported Earlier, Northern Dynasty And Pebble Partnership Agree To EPA's Request For Additional 20-Day Abeyance Through July 3, 2025

Larry Ellison, the co-founder and chairman of&nbsp;Oracle Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>), has surpassed&nbsp;Jeff Bezos&nbsp;and&nbsp;Mark Zuckerberg&nbsp;to become the second-richest person in the world.
What Happened: Ellison&#8217;s net worth soared by $26 billion to $243 billion on Thursday, marking the largest daily increase among any billionaire. This surge propelled Ellison past Amazon&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) chairman, Jeff Bezos, with a net worth of $227 billion, and Meta&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO, Mark Zuckerberg, with a net worth of $239 billion, according to <a href="https://www.forbes.com/sites/dereksaul/2025/06/12/larry-ellison-overtakes-jeff-bezos-mark-zuckerberg-as-worlds-second-richest-person/">Forbes</a>. He now stands second to Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk.
The significant increase in Ellison&#8217;s wealth came after Oracle&#8217;s stock hit a record of over $200 per share, following a robust earnings report on Wednesday. The report revealed stronger-than-expected profits and sales for the company&#8217;s financial quarter ending in May.
Deutsche Bank analyst Brad Zelnick called the earnings update a &#8220;watershed&#8221; moment for Oracle, highlighting the significance of Ellison&#8217;s vision in ushering in a new era of cloud computing, especially as Oracle plays a key role in the advancement of AI technology.
TD Cowen analyst Derrick Wood&nbsp;predicted that Oracle&#8217;s 2026 fiscal year, starting this month, would be a &#8220;major inflection point&#8221; for the company&#8217;s core cloud infrastructure service, driven by a surge in demand for AI training workloads.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/25/05/45184301/us-armys-250th-anniversary-parade-to-coincide-with-trumps-79th-birthday" target="_blank" rel="noreferrer noopener">US Army&#8217;s 250th Anniversary Parade To Coincide With Trump&#8217;s 79th Birthday &#8211; Benzinga</a>
Why It Matters: Oracle&#8217;s recent financial success can be attributed to its strategic positioning in the global AI race. As highlighted in its fourth quarter earnings results, Oracle&#8217;s Chairman, Larry Ellison, emphasized the company&#8217;s competitive strength in its deep integration inside enterprise data architecture. This has allowed Oracle to<a href="https://www.benzinga.com/markets/earnings/25/06/45909157/larry-ellison-says-most-of-the-worlds-valuable-data-is-in-oracle-as-ai-demand-skyrockets"> compete successfully</a> against other giants in this space.&nbsp;
Oracle&#8217;s stock gained after the company reported better-than-expected fourth-quarter financial results and issued an upbeat outlook commentary. The company reported fourth-quarter revenue of $15.9 billion, up 11% compared to estimates of $15.58 billion, and adjusted earnings of $1.70 compared to estimates of $1.64. Oracle<a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45912952/oracles-ai-ambitions-take-flight-after-record-cloud-growth-what-do-analysts-really-think"> guided for </a>total revenue of at least $67 billion in fiscal 2026. This record cloud growth has fueled Oracle&#8217;s AI ambitions.
Benzinga's Edge Rankings place Oracle in the 84th percentile for momentum and the 31st percentile for growth, reflecting mixed performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
On a year-to-date basis, the stock surged 20.38%, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45918307/bitcoin-ethereum-dogecoin-bleed-after-israel-launches-premptive-strike-against-iran-analyst-foresees-lower-levels-for-eth-if-it-fails-to-hold-this-support" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Bleed After Israel Launches &#8216;Premptive Strike&#8217; Against Iran: Analyst Foresees &#8216;Lower Levels&#8217; For ETH If It Fails To Hold This Support &#8211; Grayscale Bitcoin Mini Trust (BTC) C</a></li>
</ul>
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A federal appeals court on Thursday temporarily blocked a lower court ruling that would have forced President Donald Trump to return control of California&#8217;s National Guard to Governor Gavin Newsom.
What Happened: U.S. District Judge Charles Breyer earlier Thursday issued a temporary restraining order requiring Trump to return California National Guard control to Newsom by Friday noon, <a href="https://abcnews.go.com/US/california-emergency-motion-trump-deployment-troops-hearing/story?id=122773137">reported</a> ABC News.
The judge ruled Trump&#8217;s deployment of over 2,000 National Guard troops to Los Angeles during immigration protests violated statutory procedures and the Tenth Amendment.
&#8220;His actions were illegal—both exceeding the scope of his statutory authority and violating the Tenth Amendment,&#8221; Breyer wrote. The judge found protests over Immigration and Customs Enforcement raids fell &#8220;far short&#8221; of legal requirements for federal military intervention.
Trump invoked Section 12406 of Title 10, claiming &#8220;rebellion or danger of rebellion against the authority of the Government of the United States.&#8221; The deployment included 4,000 National Guard troops and 700 Marines following five days of demonstrations.
The Trump administration filed an emergency appeal, calling the order &#8220;unprecedented&#8221; and an &#8220;extraordinary intrusion on the President&#8217;s constitutional authority as Commander in Chief.&#8221;
See Also: <a href="https://www.benzinga.com/markets/economic-data/25/06/45919422/trumps-one-big-beautiful-bill-is-the-largest-redistribution-from-poor-to-rich-in-american-history-says-economist-justin-wolfers-amid-tax-cuts-spending-s">Trump&#8217;s &#8216;One Big, Beautiful Bill&#8217; Is &#8216;The Largest Redistribution From Poor To Rich In American History,&#8217; Says Economist Justin Wolfers Amid Tax Cuts, Spending Slashes And Tariffs</a>
Why It Matters: The legal battle represents the most significant federal-state military confrontation since Trump&#8217;s return to office. California Attorney General Rob Bonta <a href="https://www.benzinga.com/news/events/25/06/45878983/us-cities-brace-for-escalating-immigration-protests-los-angeles-enforces-curfew-national-guard-deployed-amid-trump-crackdown">warned</a> the deployment could violate the 1878 Posse Comitatus Act restricting military involvement in civilian law enforcement.
Newsom emphasized economic implications, stating National Guard troops were removed from critical functions including wildfire preparation, border security, and fentanyl enforcement. ICE operations averaged 2,000 daily arrests, significantly <a href="https://www.benzinga.com/news/politics/25/06/45900294/trump-deploys-marines-to-la-with-authority-to-detain-civilians-california-challenges-military-involvement-in-immigration-enforcement">exceeding the 311 daily average</a> under former President Biden.
The case sets a precedent for presidential authority over state National Guard units during civil unrest. Judge Breyer noted the deployment threatens &#8220;serious injury to the constitutional balance of power between federal and state governments.&#8221;
Protests spread to Boston, Chicago, and Seattle, with the Trump administration vowing intensified immigration enforcement in response to demonstrations. Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) faces potential customer traffic impacts as ICE raids targeted stores in Westlake, Whittier, and Huntington Park without prior notification. Read Next:
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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.
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Appeals Court Allows Trump To Keep National Guard In California For Now

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has <a href="https://www.benzinga.com/news/global/25/05/45582261/despite-trumps-warning-to-tim-cook-apple-moves-ahead-with-1-5-billion-india-expansion-via-foxconn-to-boost-iphone-production-report">reportedly increased</a> its iPhone shipments from India to the U.S. in the past few months, as the tech giant moves to protect its U.S. sales from the impact of escalating tariffs on China-made goods.
What Happened: Between March and May, 97% of iPhones exported by Foxconn, also known as Hon Hai Precision Industry Co., Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHAF#OTC">HNHAF</a>), from India were sent to the U.S., according to customs data reviewed by Reuters.
That's a steep jump from the 2024 average of <a href="https://www.benzinga.com/25/04/45014074/apple-plans-iphone-shift-from-china-to-india-amid-tariff-pressures-geopolitical-risks">just over 50%</a>, signaling a major supply chain realignment. The surge follows President Donald Trump's renewed push for protectionist trade measures.
Last month, Trump publicly criticized <a href="https://www.benzinga.com/markets/equities/25/05/45489614/as-apple-faces-pressure-after-trump-told-tim-cook-to-avoid-manufacturing-in-india-expert-warns-iphone-makers-value-added-growth-is-in-danger">Apple's production shift to India</a>, recalling that he told CEO Tim Cook, "We are not interested in you building in India, India can take care of themselves, they are doing very well, we want you to build here."
The president also threatened the tech giant with <a href="https://www.benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report">a 25% tariff on iPhones</a> made outside the U.S.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45899111/apple-may-end-up-acquiring-perplexity-like-it-did-with-beats-in-2014-says-dan-ives-consumers-need-reasons-to-upgrade-as-iphone-maker-falls-way-behind-in-ai-race">Apple May End Up Acquiring Perplexity Like It Did With Beats In 2014, Says Dan Ives—Consumers Need &#8216;Reasons To Upgrade&#8217; As iPhone Maker Falls &#8216;Way Behind&#8217; In AI Race</a>
In the first five months of 2025, Foxconn shipped $4.4 billion worth of iPhones from India to the U.S., already surpassing 2024's total of $3.7 billion, the report said.
Apple even <a href="https://www.benzinga.com/25/04/44706383/apple-airlifts-iphones-from-india-and-china-in-72-hour-race-to-beat-trumps-tariffs-as-stock-sinks-amid-us-china-trade-panic">chartered planes in March</a> to fly $2 billion worth of iPhones directly from India to American consumers.
Why It's Important: Apple's pivot reflects an urgent response to mounting geopolitical and trade risks, particularly with China. As <a href="https://www.benzinga.com/markets/25/05/45585977/apple-raises-iphone-trade-in-prices-in-china-to-fend-off-huawei-xiaomi-amid-lagging-sales">U.S. tariffs on Chinese imports</a> soar, Apple is increasingly relying on India to maintain access to the crucial U.S. market.
Counterpoint Research analysts expect 25% to 30% of global iPhone production will come from India in 2025, up from 18% in 2024, the report added.
Apple reported fiscal <a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">second-quarter revenue</a> of $95.36 billion, surpassing analysts' expectations of $94.53 billion. The tech giant also delivered earnings of $1.65 per share for the quarter, slightly ahead of the projected $1.63 per share.
iPhone sales reached $46.84 billion, up from $45.96 billion during the same period last year.
Historically, Apple has sold over 60 million iPhones annually in the U.S., with approximately 80% of them manufactured in China, the report said.
Price Action: Apple shares have fallen 18.31% since the beginning of the year and are down 7.02% over the past 12 months. During Thursday's regular trading session, the stock edged up 0.21%, but slipped 0.31% in after-hours trading, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate a consistent downward trend for Apple across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13021130/Screenshot-2025-06-13-at-11.39.27%E2%80%AFAM.png" alt="" class="wp-image-948517" /></a></figure>
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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.
Image Via Shutterstock

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Apple Reroutes 97% Of Foxconn iPhone Exports From India To US Between March And May As Trump Threatens 25% Tariff On Non-US-Made iPhones: Report

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