GATX (NYSE:GATX) 주식

GATX

GATX Corp is a provider of railcar leasing and maintenance services. GATX operates in business segments including rail North America, rail international, Engine Leasing, and others. The rail business offers railcar leasing and maintenance, as well as asset-related, financial, and management services. The company owns and leases fleets in North America, Europe, and Asia, which consist of tank and freight railcars. Industries served include refining and petroleum, chemicals and plastics, railroads and other transportation, mining, and food and agriculture.

Tesla's Sky-High Surge

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S&amp;P 500 기업들 중 약 14%가 6월 분기 실적을 발표했으며, 더 넓은 지수를 구성하는 기업들의 혼합 실적 성장률은 여전히 ​​양호하다. 이번 주에는 기술 보고 시즌이 공식적으로 시작될 것이며, 이는 최근 주에 가파른 하락세를 보인 시장의 향방을 잠재적으로 결정할 수 있다.

테슬라, 알파벳, GM 및 포드가 이번 주 실적 발표 주도하며 상승세 유지 위해 고군분투

GATX Corp

Amid the turmoil and uncertainties in recent months, U.S. equity markets have reached a staggering new milestone, with market capitalization hitting $63.8 trillion.
What Happened: On Monday, in a post on X, The Kobeissi Letter shared recent data from Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) showcasing the remarkable surge in valuations in the U.S. equity markets over the past five years.
&#8220;This is incredible,&#8221; the post says, adding that the &#8220;U.S. market has never been this large,&#8221; after doubling from under $31 trillion in 2020. 
See Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/46166959/sp500-stocks-outlook-etf-analysis">This S&amp;P 500 ETF Saw A 30-Month Buying Spree — Now It&#8217;s Over</a>
For comparison, the post notes that it took eight years, from 2012 to 2020, to double in value during the previous cycle, clearly highlighting the acceleration being witnessed in U.S. equity markets, which comes despite substantial trade, tariffs, and geopolitical uncertainties.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is incredible: The US stock market has never been this large. Total US public equity market capitalization hit a record $63.8 TRILLION, according to Goldman Sachs data. That's DOUBLE the size it was 5 years ago. By comparison, previously it took 8 years, from 2012 to… <a href="https://t.co/q72isq7XV4">pic.twitter.com/q72isq7XV4</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1939838864471773200?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
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To further emphasize the magnitude of this milestone, the post says that U.S. markets are now &#8220;three times larger than Europe&#8217;s,&#8221; while being larger than the &#8220;combined market size of Europe, China, Hong Kong, Japan, and India.&#8221;
&#8220;Mind-blowing numbers,&#8221; it says in conclusion.
Why It Matters: The S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), touched a fresh intraday high on Monday, hitting 6,215.08 points. 
Leading analysts, such as Ryan Detrick, note that this is the first time since 1950 that the index has hit an all-time high in June.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Stocks just made a new all-time high in June. Stocks have never peaked in June. &#x1f9d0; <a href="https://t.co/ItYm8vmOog">pic.twitter.com/ItYm8vmOog</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1938949133832003645?ref_src=twsrc%5Etfw">June 28, 2025</a></blockquote>
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Last week, the index flashed a sign that traders refer to as a &#8220;Golden Cross,&#8221; when the 50-day moving average rises above the 200-day moving average, often seen as a sign of momentum picking up and a <a href="https://www.benzinga.com/markets/economic-data/25/06/46124290/sp-500-hits-record-highs-and-history-says-the-best-is-yet-to-come">new high being underway</a>.
Analysts note that since World War 2, the Golden Cross has appeared 37 times, and three out of four times, it has led to gains.
Price Action: The S&amp;P 500 was up 0.52% on Monday, trading at 6,204.95 points, while the Nasdaq ended up 0.47%, at 20,369.73, followed by the Dow Jones at 44,094.77, up 0.63%.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46188576/sp-hits-record-high-at-the-end-of-q2-investor-sentiment-improves-fear-index-remains-in-greed-zone">S&amp;P Hits Record High At The End Of Q2: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>
Photo courtesy: Shutterstock

US Stock Market Hits Record $63.8 Trillion, Doubling In 5 Years: Now Bigger Than Europe, China, Japan, India Combined

Two Chinese artificial intelligence chip startups, Moore Threads and MetaX, are planning to raise a combined 12 billion yuan ($1.65 billion) through initial public offerings (IPOs). 
What Happened: The two companies are betting on the U.S. export restrictions to boost the demand for their products in China, Reuters reported. 
Moore Threads, based in Beijing, aims to raise 8 billion yuan, while MetaX, based in Shanghai, is looking to raise 3.9 billion yuan. Both companies are planning to list on the STAR Market, the tech-focused board of the Shanghai Stock Exchange
These fundraising plans highlight the increasing efforts of Chinese chipmakers to capitalize on Beijing&#8217;s drive to develop domestic champions in graphics processing units (GPUs), which are crucial for AI development.
See Also: <a href="https://benzinga.com/markets/tech/25/06/46159877/steve-jobs-once-spent-two-weeks-choosing-a-washing-machine-for-his-palo-alto-home-and-he-got-more-thrill-out-of-it-than-any-piece-of-high-tech-in-ages">Steve Jobs Once Spent Two Weeks Choosing A Washing Machine For His Palo Alto Home And He Got More &#8216;Thrill&#8217; Out Of It Than Any Piece Of High Tech In Ages &#8211; Benzinga</a>
The U.S. has been tightening export restrictions on China, with the latest rules implemented in April banning the shipment of Nvidia&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20 chips, one of its most popular chips, to China. These restrictions have led to a sense of urgency in Beijing to develop domestic chip champions.
Both Moore Threads and MetaX have cited U.S. sanctions as a major risk to their development, but have also emphasized that the restrictions could create significant market opportunities. The two companies design GPUs to compete with Nvidia products and have reported significant losses over the last three years, largely attributed to heavy research and development spending.
Why It Matters: The move by Moore Threads and MetaX to go public amid U.S. export sanctions is part of a larger trend of Chinese companies seeking to <a href="https://www.benzinga.com/markets/equities/25/03/44350873/nvidia-faces-new-ai-challenge-as-chinese-start-up-unveils-framework-to-cut-reliance-on-its-gpus">reduce their reliance</a> on foreign chipmakers. In May, Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) began switching to <a href="https://www.benzinga.com/markets/asia/25/05/45692725/alibaba-and-baidu-turn-to-chinese-ai-chips-as-us-sanctions-squeeze-nvidia-supply">homegrown chips</a> as U.S. export controls and a dwindling stockpile of Nvidia processors eroded their ambitions. 
The move also aligns with China&#8217;s broader push for <a href="https://www.benzinga.com/government/regulations/25/05/45298562/chipmakers-enter-bullish-seasonal-window-5-stocks-that-could-outperform">self-sufficiency in chips</a>, with major Chinese automakers aiming for 100% domestic chip supply by 2027. This push is being <a href="https://www.benzinga.com/markets/equities/25/06/45966176/after-nvidia-pauses-china-outlook-top-chinese-automakers-race-to-ditch-foreign-chips-aim-for-100-domestic-supply-by-2027-report">shepherded</a> by China&#8217;s Ministry of Industry and Information Technology, which regularly requires self-assessments of domestic chip adoption rates.
Read Next: <a href="https://benzinga.com/markets/tech/25/06/46186013/mark-zuckerberg-once-predicted-that-this-technology-would-replace-your-phone-a-decade-later-how-far-">Mark Zuckerberg Once Predicted That This Technology Would Replace Your Phone — A Decade Later, How Far Is Meta From Delivering On A &#8216;More Natural&#8217; Future</a>
Photo: Maxx-Studio On Shutterstock

BABA

BIDU

NVDA

TCEHY

Nvidia's Chinese Rivals Look To Cash In On US Tech Ban: Moore Threads, MetaX Plot $1.65 Billion IPO

Investment advisor Ross Gerber criticized Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) board members on Tuesday for remaining silent as President Donald Trump launched a scathing attack on CEO Elon Musk and federal subsidies supporting his company.
What Happened: &#8220;Sadly true and it seems Elon is destined to find out who is more powerful. Not a peep from the Tesla BOD of this absurd attack on the President he enabled,&#8221; wrote Gerber, CEO of Gerber Kawasaki Wealth &amp; Investment Management, on social media platform X.
Gerber&#8217;s comments followed Trump&#8217;s <a href="https://www.benzinga.com/markets/equities/25/07/46187311/trump-says-elon-musk-would-close-up-shop-and-head-back-home-to-south-africa-without-subsidies-no-more-rocket-launches-satellites-or-electric-car">Truth Social post claiming Musk</a> &#8220;may get more subsidy than any human being in history, by far&#8221; and suggesting &#8220;without subsidies, Elon would probably have to close up shop and head back home to South Africa.&#8221; 
Trump added that eliminating support would mean &#8220;no more Rocket launches, Satellites, or Electric Car Production,&#8221; while the country &#8220;would save a fortune.&#8221;
The president specifically recommended that the Department of Government Efficiency (DOGE), which Musk previously headed, examine billions in subsidies flowing to his companies.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sadly true and it seems Elon is destined to find out who is more powerful. Not a peep from the Tesla BOD of this absurd attack on the President he enabled. <a href="https://t.co/8Ae4o39zJD">https://t.co/8Ae4o39zJD</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1939930759348863132?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46189000/palantir-is-building-the-next-aws-says-top-exec-urges-startups-to-build-on-pltr-to-tackle-more-valuable-problems-than-amazon-solved">Palantir Is Building The Next AWS, Says Top Exec: Urges Startups To Build On PLTR To Tackle &#8216;More Valuable&#8217; Problems Than Amazon Solved</a>
Why It Matters: The public feud marks a dramatic reversal between former allies. Musk <a href="https://www.benzinga.com/markets/equities/25/07/46187311/trump-says-elon-musk-would-close-up-shop-and-head-back-home-to-south-africa-without-subsidies-no-more-rocket-launches-satellites-or-electric-car">reportedly contributed over $250 million to Trump&#8217;s 2024 campaign</a> before departing the administration in June amid disagreements over Trump&#8217;s &#8220;Big Beautiful Bill&#8221; spending package.
Tesla faces <a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026">mounting operational challenges</a> that compound political tensions. Canadian sales plummeted 87% in Quebec during the first quarter of 2025, according to researcher Troy Teslike, who warned the company may report GAAP losses starting in the first quarter of 2026. Tesla continues operating 35 Canadian stores despite near-zero sales.
Gerber has been a vocal Tesla critic, recently dumping over 20,000 shares in <a href="https://www.benzinga.com/25/05/45559223/ross-gerber-weighs-in-on-tesla-amid-elon-musks-five-year-commitment-to-ev-giant-seems-like-elon-mightve-gotten-my-message">the first quarter of 2025</a>. He previously blamed the board for &#8220;negligence&#8221; regarding brand damage from Musk&#8217;s political activities and called for leadership changes.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/economic-data/25/07/46188699/goldman-sachs-now-expects-3-fed-rate-cuts-in-2025-amid-weak-jobs-data-modest-trump-tariff-effects">Goldman Sachs Now Expects 3 Fed Rate Cuts In 2025 Amid Weak Jobs Data, Modest Trump Tariff Effects</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Politics

Ross Gerber Says Elon Musk 'Enabled' The President As Trump Slams TSLA CEO Over Subsidies: Calls Out Tesla Board's Silence On 'Absurd Attack'

The Company delivered 24,925 vehicles in June 2025, representing an increase of 17.5% year-over-year. The deliveries consisted of 14,593 vehicles from the Company's premium smart electric vehicle brand NIO, 6,400 vehicles from the Company's family-oriented smart electric vehicle brand ONVO, and 3,932 vehicles from the Company's small smart high-end electric car brand FIREFLY. The Company delivered 72,056 vehicles in the second quarter of 2025, representing an increase of 25.6% year-over-year. Cumulative deliveries reached 785,714 as of June 30, 2025.
NIO's products have been highly recognized in the 2025 J.D. Power studies. The ET5 and ET5T ranked first among mid-size battery electric sedans in the China NEV-IQS study, while the EC6 claimed the top spot in the premium BEV segment in the China NEV-APEAL study. With superior product quality and exceptional user satisfaction, NIO has secured first place in its segment in J.D. Power's quality research for seven consecutive years since 2019.

NIO Delivers 24,925 Vehicles In June, Up 17.5% YoY; Q2 Deliveries Up 25.6% YoY To 72,056 Vehicles

Shares of Thumzup Media Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TZUP#NASDAQ">TZUP</a>) rose sharply in today's pre-market trading after the company announced a $6.5 million <a href="https://www.benzinga.com/quote/TZUP">registered direct offering</a>.
Thumzup Media shares jumped 20.4% to $8.45 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>BioNexus Gene Lab Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) surged 238.7% to $10.60 in pre-market trading after gaining 12% on Monday.</li>
<li>Wolfspeed, Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) gained 90.8% to $0.7639 in pre-market trading after the company initiated pre-packaged restructuring process with support of key lenders.</li>
<li>Prestige Wealth Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PWM#NASDAQ">PWM</a>) climbed 64.1% to $0.58 in pre-market trading.</li>
<li>Argo Blockchain plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBK#NASDAQ">ARBK</a>) rose 41.2% to $0.2640 in pre-market trading after falling around 49% on Monday.</li>
<li>Oragenics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OGEN#NYSE">OGEN</a>) gained 35.6% to $5.17 in pre-market trading after dipping over 5% on Monday.</li>
<li>Davis Commodities Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTCK#NASDAQ">DTCK</a>) gained 14% to $0.89 in pre-market trading after falling 5% on Monday.</li>
<li>Siyata Mobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) surged 11.2% to $3.29 in pre-market trading after gaining 28% on Monday.</li>
<li>Jyong Biotech Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MENS#NASDAQ">MENS</a>) jumped 10.2% to $9.37 in pre-market trading. Jyong Biotech recently announced the closing of $20 million initial public offering.</li>
<li>BigBear.ai Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NASDAQ">BBAI</a>) gained 6.7% to $7.24 in pre-market trading after climbing over 16% on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Wag! Group Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PET#NASDAQ">PET</a>) shares tumbled 19.3% to $0.1865 in pre-market trading after jumping 120% on Monday.</li>
<li>Globavend Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVH#NASDAQ">GVH</a>) fell 19.1% to $0.0935 in pre-market trading. Globavend and Strawberrynet Cosmetics, on Monday, executed a strategic partnership.</li>
<li>Greenlane Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) dipped 18.7% to $4.31 in pre-market trading after jumping 72% on Monday.</li>
<li>RedCloud Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCT#NASDAQ">RCT</a>) dipped 18% to $2.46 in pre-market trading after falling 7% on Monday.</li>
<li>MSP Recovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSPR#NASDAQ">MSPR</a>) declined 17.3% to $1.15 in pre-market trading after gaining around 15% on Monday.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) declined 17.2% to $4.20 in pre-market trading. Applied DNA recently conducted a 27% workforce reduction and ceased operations at Applied DNA Clinical Lab.</li>
<li>Artelo Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARTL#NASDAQ">ARTL</a>) fell 16.6% to $11.07in pre-market trading. Artelo Biosciences shares jumped 96% on Monday after the company announced data from its first-in-human study for ART26.12.</li>
<li>Professional Diversity Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) fell 14.5% to $2.89 in pre-market trading after gaining 93% on Monday.</li>
<li>Dyne Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYN#NASDAQ">DYN</a>) shares fell 12.9% to $8.30 in pre-market trading after the company announced the pricing of $200.0 million public offering of common stock.</li>
<li>Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) fell 6.6% to $59.70 in pre-market trading. Progress Software posted better-than-expected earnings for the second quarter, while sales missed estimates. The company also raised its guidance for FY2025.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/46169288/5-stocks-in-the-spotlight-wall-streets-most-accurate-analysts-weigh-in"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/46169288/5-stocks-in-the-spotlight-wall-streets-most-accurate-analysts-weigh-in">5 Stocks In The Spotlight: Wall Street&#8217;s Most Accurate Analysts Weigh In</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Markets

Movers

APDN

ARBK

ARTL

BBAI

BGLC

DTCK

GNLN

IPDN

MENS

MSPR

OGEN

PRGS

SYTA

TZUP

WOLF

Why Thumzup Media Shares Are Trading Higher By Over 20%; Here Are 20 Stocks Moving Premarket

Macro Economic Events

Econ #s

Economics

Eurozone Consumer Price Index (YoY) Preliminary For June 2.0% Vs. 2.0% Est.; 1.9% Prior

Eurozone Consumer Price Index (MoM) Preliminary For June 0.3% Vs. 0.0% Prior

Eurozone Core Consumer Price Index (YoY) Preliminary For June 2.3% Vs. 2.3% Est.; 2.3% Prior

U.K. Manufacturing Purchasing Managers Index For June 47.7 Vs. 47.7 Est.; 46.4 Prior

Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declined 4.78% during Tuesday pre-market session after CEO Elon Musk reignited political comeback rumors following his criticism of President Donald Trump&#8216;s spending bill.
What Happened: Late Monday, Musk expressed his disapproval of the spending bill on social media platform X, stating, &#8220;If this insane spending bill passes, the America Party will be formed the next day.&#8221; He further criticized the existing political system, calling for alternative parties to give Americans a voice.
Musk&#8217;s criticism of the bill, which he claims&nbsp;would increase the U.S. debt&nbsp;ceiling by $5 trillion, extends to both Republicans and Democrats. He also warned politicians supporting the bill that they would lose their primaries next year.
President Trump responded to Musk&#8217;s criticism by suggesting that the Tesla CEO&#8217;s empire relies heavily on federal subsidies. He stated on Truth Social, &#8220;Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa.&#8221;
Additionally, Tesla saw over <a href="https://www.benzinga.com/markets/tech/25/07/46189042/elon-musk-led-teslas-european-woes-worsen-with-sales-down-over-60-in-sweden-and-denmark">60% plunge</a> in vehicle registrations in Denmark and Sweden during June, after witnessing strong sales in Norway. 
SEE ALSO: <a href="https://benzinga.com/crypto/25/06/46186644/bitcoin-ethereum-dogecoin-slide-even-as-q2-turns-profitable-for-crypto-analyst-warns-about-decline-in-btc-if-the-apex-coin-doesnt-close-above-this-level" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Slide Even As Q2 Turns Profitable For Crypto: Analyst Warns About Decline In BTC If The Apex Coin Doesn&#8217;t Close Above This Level</a>
Why It Matters: The spending bill and the proposed cuts have been criticized by experts and could impact Tesla and the broader automotive industry&#8217;s EV push, as it proposes axing the $7,500 federal EV credit on all new EVs sold in the U.S.
Meanwhile, investor Gary Black <a href="https://www.benzinga.com/markets/large-cap/25/06/46161226/gary-black-warns-tesla-q2-deliveries-will-disappoint-says-cheaper-models-could-cannibalize-sales-and-see-ideal-re-entry-22-below-current-levels">warned </a>that Tesla&#8217;s Q2 deliveries could fall short of estimates, potentially due to the political controversy surrounding the spending bill.
Furthermore, Tesla&#8217;s sales in Canada have reportedly dropped to nearly zero, as highlighted by researcher Troy Teslike.&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026">According to Teslike</a>, Tesla may start reporting GAAP losses from Q1 2026, possibly due to the political controversy and the proposed cuts in the spending bill.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/tech/25/06/46162898/elon-musk-stopped-believing-in-mars-dream-as-a-political-project-in-2024-says-peter-theil-amid-woke-ai-and-socialist-government-fears">Elon Musk Stopped Believing In Mars Dream As A &#8216;Political Project&#8217; In 2024, Says Peter Thiel Amid &#8216;Woke AI&#8217; And &#8216;Socialist Government&#8217; Fears</a> </li>
</ul>
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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.

Tesla Stock Falls Nearly 5% In Tuesday Pre-Market: What's Going On?

GNTA

Genenta Reports Emerging Survival Signals In GBM Study; 2-Year Survival Doubles Vs Historical Data; No New Safety Concerns With Temferon

Inmarsat Maritime, a Viasat company, has announced that orders for NexusWave have exceeded 1,000-vessels. Following months of rigorous development and testing, the service has gained incredible momentum in its first six months on the market with global customers adopting NexusWave for their fleets. This milestone underscores the global shipping industry's strong appetite for a fully managed, high-speed, bonded connectivity service that combines the power of multiple networks with the convenience of a single provider.
Early adopters such as "K" Line, Anthony Veder, Mitsui O.S.K. Lines, Solvang, Sallaum Lines, Parlevliet &amp; van der Plas Group and others are already reaping the benefits of transforming their vessels into floating offices and homes.
Inmarsat's NexusWave brings together Global Xpress (GX) Ka-band, low-Earth orbit (LEO), coastal LTE, and resilient L-band services into a seamless, fully managed solution. Inmarsat's unique ‘network-bonding' technology is designed to allow connected applications to harness the aggregate speed and capacity of all available networks simultaneously rather than relying on one at a time.
Recent real-world tests have demonstrated NexusWave's exceptional performance, achieving download speeds of up to 340 megabits per second (Mbps) and upload speeds of up to 80 Mbps. Network availability on vessels has consistently exceeded 99.9%, and video call quality has remained virtually unaffected by the availability or performance of any single network. Inmarsat's solution dynamically adjusts traffic routing to maintain a seamless user experience, even in connectivity hotspots.
Users also benefit from unlimited data, global coverage, and secure-by-design infrastructure, providing complete ‘connected confidence'. For seafarers onboard it means they can enjoy a wide range of applications, including web browsing, streaming, gaming, video and voice calling, messaging, and social media access, providing a ‘home-like' connectivity experience while at sea.

VSAT

Inmarsat's NexusWave Hits 1,000-Vessel Milestone, Bringing Home-Like Wi-Fi to Ships Worldwide

Accenture Acquires Germany-Based SYSTEMA To Boost Semiconductor, High-Tech Automation Capabilities In Europe; No Terms Disclosed

S&amp;P Dow Jones Indices ("S&amp;P DJI"), the world's leading index provider, today announced its plans to collaborate with Centrifuge, a decentralized infrastructure provider specializing in real-world asset (RWA) integration, to enter the fund tokenization space by licensing the S&amp;P 500 Index. This initiative extends the reach of the S&amp;P 500 into onchain investment products and protocols.
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For 125 years and counting, S&amp;P DJI's indices have provided a liquid foundation for increased adoption of index-based investing around the world. By licensing&nbsp;Centrifuge to provide exposure and bring the S&amp;P 500 Index onchain, a blockchain-native investment vehicle will for the first time be built, governed, and accessed directly through Centrifuge's RWA infrastructure, rather than via traditional brokerages. Anemoy Capital, a web3 native asset manager powered by Centrifuge, has been licensed by S&amp;P DJI along with Janus Henderson, a leading global asset manager, as the sub-advisor for the fund, to offer the Janus Henderson Anemoy S&amp;P 500 Index Fund Segregated Portfolio, which is planned to launch later this year subject to regulatory approval.

SPGI

S&P 500 Goes Onchain as S&P Dow Jones Partners With Centrifuge for Fund Tokenization

Li Auto Delivers 36,279 Vehicles In June 2025, Hits 1.33 Million Cumulative Sales; Li MEGA Leads MPV Market Above RMB500K; New BEV SUVs Li i8 And i6 Launching Soon

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ncratleos.com%2F&amp;esheet=54284350&amp;newsitemid=20250701520926&amp;lan=en-US&amp;anchor=NCR+Atleos&amp;index=1&amp;md5=d7bbde1097316865a0a6a176dfa59787">NCR Atleos</a> Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NATL#NYSE">NATL</a>) ("Atleos"), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdirectpay.gr%2Fen%2F&amp;esheet=54284350&amp;newsitemid=20250701520926&amp;lan=en-US&amp;anchor=DirectPay&amp;index=2&amp;md5=2e1974b7bb4c0448f1e1bdf5f354be31">DirectPay</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fixchange.gr%2Fen%2Fhomepage%2F&amp;esheet=54284350&amp;newsitemid=20250701520926&amp;lan=en-US&amp;anchor=iXchange&amp;index=3&amp;md5=5b1c5d40adca9551d3a5e1cf40585864">iXchange</a> will utilize Atleos' owned and operated ATM platform (the Cashzone Network) in Greece to allow consumers to reliably, conveniently, and securely access cash.
DirectPay is a leading financial and payments services provider with more than 1,300 agent locations throughout Greece, offering MoneyGram money transfers, bill payments, cash-to-bank deposits, and a full suite of financial services. iXchange offers its customers services including foreign currency exchange, money transfers, bill payments, and more. Both companies are part of the same group.

NATL

Atleos Expands ATM Network in Greece With DirectPay and iXchange Partnership

Nikita Bier's persistence has paid off — the <a href="https://www.benzinga.com/news/24/08/40482965/angel-investor-nikita-bier-once-displayed-a-giant-painting-of-tim-cook-overlooking-facebook-ceo-mark">entrepreneur behind</a> Gas and tbh is now the new head of product at X, the social network formerly known as Twitter.
What Happened: On Monday, Bier announced on X that he's officially taking the reins as head of product. "Ladies and gentlemen, I&#8217;ve officially posted my way to the top: I&#8217;m joining @X as Head of Product," Bier wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ladies and gentlemen, I&#39;ve officially posted my way to the top: I&#39;m joining <a href="https://twitter.com/X?ref_src=twsrc%5Etfw">@X</a> as Head of Product. &#120143; is the most important social network in the world. It&#39;s where internet culture originates and where the world&#39;s most influential people convene. Finding my community and… <a href="https://t.co/MLU16rvXIP">pic.twitter.com/MLU16rvXIP</a>
&mdash; Nikita Bier (@nikitabier) <a href="https://twitter.com/nikitabier/status/1939723101723574703?ref_src=twsrc%5Etfw">June 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bier's journey has been a lesson in tenacity. In 2022, after Elon Musk expressed interest in acquiring Twitter, Bier pitched himself directly to Musk, posting, "@elonmusk Hire me to run Twitter as VP of Product."
See Also:&nbsp;<a href="https://in.benzinga.com/tech/25/02/43772135/ex-openai-chief-scientist-ilya-sutskevers-ai-startup-valued-at-30-billion-in-latest-funding-round-report" target="_blank" rel="noreferrer noopener">Ex-OpenAI Chief Scientist Ilya Sutskever's AI Startup Valued At $30 Billion In Latest Funding Round: Report</a>
Now, following his hiring, Bier went back and replied to his original 2022 post on the platform, saying, "Never give up."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Never give up
&mdash; Nikita Bier (@nikitabier) <a href="https://twitter.com/nikitabier/status/1939831409369374939?ref_src=twsrc%5Etfw">June 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Bier's appointment signals Musk's ongoing push to transform X into a broader everything app. With a track record of creating viral social experiences — tbh was acquired by Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) in 2017 and Gas by Discord in 2023 — Bier could help X reinvent itself.
He also teased plans to leverage Grok, X's AI assistant, to deliver "hyper-relevant timelines" and help users better understand what's happening on the platform.
Musk acquired Twitter for <a href="https://www.benzinga.com/general/social-media/25/03/44404525/elon-musk-paid-high-price-for-twitter-but-after-years-of-declining-value-x-is-once-again-wor">$44 billion in October 2022</a> and later rebranded it as X, aiming to turn it into an "everything app" as part of his larger vision. In March 2025, Musk's artificial intelligence startup, xAI, took over his social media platform through an all-stock <a href="https://www.benzinga.com/tech/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">deal worth $33 billion</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPad Turns 15 Today: Here&#8217;s A Throwback To When Steve Jobs Explained Called It The ‘Third Category&#8217; After Phones And Notebooks</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo Courtesy: Mamun_Sheikh on Shutterstock.com

Nikita Bier, The Founder Of Gas And TBH, Who Once Asked Elon Musk To Hire Him As VP Of Product At Twitter, Has Joined X: 'Never Give Up'

Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has launched Stock Tokens, a groundbreaking offering that blends traditional stock market investing with blockchain technology, now available to European Union customers.
<h2 class="wp-block-heading">What Are Stock Tokens?</h2>
These tokens, derivatives tracked on the blockchain, mirror the prices of <a href="https://www.benzinga.com/crypto/25/06/46174854/robinhood-just-made-crypto-simpler-and-way-more-powerful">over 200 U.S. stocks and ETFs</a>, including giants like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), providing exposure to the U.S. market without owning the actual stocks.
<h2 class="wp-block-heading">How And When Can EU Users Trade Stock Tokens?</h2>
To trade, users must sign up, provide a tax identification number, complete a knowledge check, and agree to the terms.
Stock Tokens are accessible via the Explore tab on Robinhood's app, where users can search by ticker or name, place buy or sell orders in quantities or EUR values, and review orders on the Stock Token Detail Page.
Funds from sales are available for trading instantly but require a one-business-day hold for withdrawals.
<h2 class="wp-block-heading">What Are The Charges To Trade Stock Tokens?</h2>
Stock Tokens are traded in USD but automatically converted from euros with a minimal 0.10% FX fee, ensuring no hidden costs or commissions. Investors can start with just €1, trade 24/5 from Monday 2 a.m. CET/CEST to Saturday 2 a.m. CET/CEST, and even earn dividends when eligible.
The tokens, issued via Arbitrum and soon Robinhood's own Layer 2 blockchain, are held securely by a U.S.-licensed institution under MiFID II regulations.
<h2 class="wp-block-heading">How Do Corporate Actions Affect Stock Tokens?</h2>
Corporate actions like stock splits, mergers, or dividends affect tokens, with Robinhood handling adjustments automatically. Trading may pause during such events, with notifications via banners or pop-ups.
While offering flexibility and low costs, Stock Tokens carry risks, including potential capital loss, requiring users to assess their risk tolerance during onboarding.
<h2 class="wp-block-heading">Can Investors Trade Private Companies Via Stock Tokens?</h2>
Robinhood's initiative, including tokenized private company shares like OpenAI and SpaceX, aims to <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46186180/raoul-pal-says-robinhood-letting-users-trade-openai-spacex-through-blockchain-is-democratization-of-finance-end-of-public-vs-private-markets-has-begun">democratize finance</a>, leveraging blockchain for transparency and accessibility. With plans to expand to thousands of tokens by year-end, Robinhood is poised to reshape global investing 
See Also: <a href="https://www.benzinga.com/crypto/25/06/46174854/robinhood-just-made-crypto-simpler-and-way-more-powerful">Robinhood Just Made Crypto Simpler — And Way More Powerful</a>
Price Action: HOOD shares were up 3.12% in after-hours on Monday after ending 12.77% higher at $93.63 apiece. It has risen by 137.40% on a year-to-date basis and 310.84% over the past year.
Benzinga Edge Stock Rankings shows that HOOD had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid; however, its value ranking was poor at the 10.90th percentile. The details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="160" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01032901/HOOD-EDGE-NEW-1024x160.png" alt="" class="wp-image-968025" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01032901/HOOD-EDGE-NEW-1024x160.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01032901/HOOD-EDGE-NEW-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01032901/HOOD-EDGE-NEW-768x120.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01032901/HOOD-EDGE-NEW.png 1162w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, ended higher on Monday. The SPY was up 0.48% at $617.85, while the QQQ advanced 0.65% to $551.64, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
After hitting fresh records on Friday and Monday, the futures of the S&amp;P 500, Nasdaq 100, and Dow Jones indices were trading lower on Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46186180/raoul-pal-says-robinhood-letting-users-trade-openai-spacex-through-blockchain-is-democratization-of-finance-end-of-public-vs-private-markets-has-begun">Raoul Pal Says Robinhood Letting Users Trade OpenAI, SpaceX Through Blockchain Is &#8216;Democratization Of Finance&#8217; — End Of Public Vs Private Markets Has Begun</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: dennizn / Shutterstock.com

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

Cryptocurrency

AAPL

HOOD

MSFT

What Are Stock Tokens And How To Trade Them? Robinhood's New Offering Merges Owning Stocks With Blockchain Tech: Here's How It Works

Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/markets/tech/25/06/46087914/teslas-europe-sales-slide-for-5th-straight-month-elon-musk-led-ev-giants-market-share-shrinks-to-1-3">European woes</a> continue to plague Elon Musk's EV giant as it recorded a sharp sales decline in Denmark and Sweden during June.
What Happened: Tesla recorded 1,282 new registrations for its vehicles in the country during June, while registrations in Sweden fell 64.4%, according to data sales data obtained by Reuters on Tuesday.
The company's sales in Denmark fell 61.57% in June compared to last year, the report suggested.
Why It Matters: The news comes as Tesla had previously recorded <a href="https://www.benzinga.com/markets/tech/25/06/45739130/elon-musks-tesla-defies-european-slump-with-norway-sales-growth-in-may-model-y-comes-to-the-rescue">strong sales in Norway</a>, largely driven by the new Model Y. However, the company has recorded poor sales figures in several regions throughout the globe. Recently, data revealed that the company's <a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026">sales in Canada</a> have almost dropped to zero.
Experts like Future Fund LLC's managing director, Gary Black, also paint a <a href="https://www.benzinga.com/markets/large-cap/25/06/46161226/gary-black-warns-tesla-q2-deliveries-will-disappoint-says-cheaper-models-could-cannibalize-sales-and-see-ideal-re-entry-22-below-current-levels">less-than-ideal picture</a> for the company. The investor said that Tesla's Q2 delivery figures will disappoint people.
Tesla also recently announced the exit of Musk's <a href="https://www.benzinga.com/markets/tech/25/06/46132042/teslas-q2-sales-going-to-s-says-gary-black-after-tsla-north-america-and-europe-chief-omead-afshars-exit">key aide Omead Afshar</a>, who analysts estimate was let go due to the company's poor sales performance for the better part of a year.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="207" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01041103/TSLA-JUL-1.-202-1024x207.jpg" alt="" class="wp-image-968086" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01041103/TSLA-JUL-1.-202-1024x207.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01041103/TSLA-JUL-1.-202-300x61.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01041103/TSLA-JUL-1.-202-768x155.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01041103/TSLA-JUL-1.-202-1536x310.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01041103/TSLA-JUL-1.-202.jpg 1559w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/06/46186733/elon-musk-staging-a-political-comeback-tesla-ceo-sparks-america-party-buzz-as-he-slams-trumps-insane-spending-bill">Elon Musk Staging A Political Comeback? Tesla CEO Sparks &#8216;America Party&#8217; Buzz As He Slams Trump&#8217;s &#8216;Insane Spending Bill&#8217;</a></li>
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Photo courtesy: Shutterstock

Elon Musk-Led Tesla's European Woes Worsen With Sales Down Over 60% In Sweden And Denmark

The U.S. Department of Justice&nbsp;(DOJ) has taken a significant step against North Korea&#8217;s illicit financial activities, which involve remote IT workers operating within American tech firms.
What Happened: The DOJ has announced a series of actions aimed at dismantling North Korea&#8217;s money-making operations, which are conducted by covert remote IT workers within U.S. tech companies. The funds generated are allegedly used to finance North Korea&#8217;s nuclear weapons program and for data and cryptocurrency theft. As per the DOJ, the fraud scheme impacted over 100 U.S. companies.
U.S. Attorney for the District&nbsp;of Massachusetts,&nbsp;Leah B. Foley, stated, &#8220;Thousands&nbsp;of North Korean cyber operatives&nbsp;have been trained and deployed&nbsp;by the regime to blend&nbsp;into the global digital workforce&nbsp;and systematically target U.S. companies.&#8221;
The DOJ&#8217;s crackdown resulted in the arrest and indictment of U.S. national Zhenxing &#8220;Danny&#8221; Wang and Keija Wang who are accused of running a long-standing fraud operation out of New Jersey—one that allegedly generated over $5 million for the North Korean regime. 
They face charges&nbsp;of conspiracy to commit wire&nbsp;fraud, money laundering, and identity&nbsp;theft. Additionally, eight other individuals, including&nbsp;six Chinese nationals and two&nbsp;Taiwanese citizens, have been indicted for their involvement in the scheme.
Five North Korean nationals have been charged with wire fraud and money laundering for allegedly stealing over $900,000 in cryptocurrency from two unidentified companies by using fake or stolen identities, according to the Department of Justice.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46186877/emmanuel-macron-calls-tariffs-blackmail-white-house-shoots-back-saying-trump-is-doing-whats-right-f" target="_blank" rel="noreferrer noopener">Emmanuel Macron Calls Tariffs &#8216;Blackmail,&#8217; White House Shoots Back Saying Trump Is &#8216;Doing What&#8217;s Right For Our People&#8217;</a>
Why It Matters: North Korea&#8217;s use of remote IT workers to conduct illicit financial activities has been an ongoing concern. In May 2025, it was reported that&nbsp;Kim Jong Un&#8216;s North Korea was <a href="https://www.benzinga.com/news/25/05/45706958/kim-jong-uns-north-korea-infiltrates-us-remote-jobs-with-the-help-of-everyday-americans-funneling-17">infiltrating</a> American businesses&nbsp;via remote jobs, with the help of unwitting U.S. citizens. This operation, run by a former waitress turned TikTok personality, saw North Korean workers overseas posing as U.S.-based tech employees and securing jobs at more than 300 American companies, collecting $17.1 million in pay.
Earlier in May, a report by cybersecurity firm DTEX revealed that&nbsp;North Korea&#8217;s <a href="https://www.benzinga.com/25/05/45488568/fortune-500-companies-exploited-to-fund-north-koreas-nuclear-program-through-mafia-style-cybercrime-operations-report">cybercrime </a>operations&nbsp;were being likened to a mafia organization controlled by Kim Jong Un. The operations involved a global network of North Korean technologists who infiltrated Fortune 500 companies and laundered money to support Kim&#8217;s nuclear and ballistic missile ambitions.
Despite these crackdowns, North Korea&#8217;s cybercrime operations have continued to thrive. In June 2025, it was reported that&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46140769/north-korean-hackers-top-crypto-exploits-list-but-another-state-may-surprise-you">crypto hacks</a> and exploits had surged to record levels, with total losses exceeding $2.1 billion across at least 75 incidents. The largest single event was the $1.5 billion hack of Dubai-based crypto exchange Bybit in February, which was attributed to North Korea.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/crypto/25/06/46186644/bitcoin-ethereum-dogecoin-slide-even-as-q2-turns-profitable-for-crypto-analyst-warns-about-decline-in-btc-if-the-apex-coin-doesnt-close-above-this-level" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Slide Even As Q2 Turns Profitable For Crypto: Analyst Warns About Decline In BTC If The Apex Coin Doesn&#8217;t Close Above This Level</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.

US Busts $5 Million North Korean IT Scam — Americans, Chinese, Taiwanese Among Those Arrested

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