에 대한 최신 뉴스 Ivanhoe Electric (AMEX:IE) 주식

Ivanhoe Electric

Ivanhoe Electric Inc is a United States-based d minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. The company has four business segments; Santa Cruz Project; critical metals; data processing services; and energy storage. It derives a majority of its revenue from Canada. The Santa Cruz Project and critical metals segments are focused on mineral project exploration and development. The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas, and water exploration industries. The energy storage segment develops, manufactures, and installs vanadium flow batteries for grid-scale energy storage.

gold mining ai

Commodities

AAUKF

GLDG

2024년 5월 29일 주요 뉴스: 1. BHP(NYSE:BHP)가 앵글로 아메리칸(OTC:AAUKF)의 500억 달러 규모의 인수 입찰을 마무리하기 위해 본래 수요일 오후 4:00 GMT로 예정된 기한 이후에 더 많은 시간을 요청했다. 원래 5월 22일 기한을 연장한 후 BHP는 추가 시간이 필요한 이유로 거래의 복잡한 구조를 언급했다.

수요일 주요 광업 뉴스: BHP, 앵글로 아메리칸, 골드마이닝, 아이반호 일렉트릭, 맥이웬

USAU

2024년 5월 8일 주요뉴스 1. U.S. 골드(NYSE:USAU)은 자회사인 골드킹(Gold King)이 와이오밍주 환경부로부터 표면 금광 채굴 허가를 받아 프로젝트 개발에 한발 더 다가섰다고 발표했다. 조지 비(George Bee) 사장은 주요 규제 장애물의 해소와 최종 개발 승인 획득을 위한 진행 중인 상황을 강조했다.

수요일 주요 광업 뉴스: U.S. 골드, 아이반호 일렉트릭, 컴퍼스 미네랄스, 아이다호 스트래티직

copper mining ai

Asia

2024년 4월 2일의 주요 뉴스:



1. 닛폰 철강 (Nippon Steel)이 미국의 유나이티드 스테일 (United States Steel)을 인수하기 위한 141억 달러의 입찰을 지원하는 데 대해서 유나이티드 스틸워커스 (United Steelworkers) 노조에 대해 공식 약속을 했다. 



이 약속에는 14억 달러의 자본 지출과 2026년까지 적어도 해고가 없다는 보장이

4월 2일; 일본제철의 미 철강노조에 대한 약속, 아이반호의 드릴링 결과, 철광석 가격 상승 등

Ivanhoe Electric Inc

INDUSTRIAL ENTRPS AMERICA by Industrial Enterprises of America, Inc.

INTRA ENERGY CORP LTD by INTRA ENERGY CORPORATION LTD

iShares U.S. Consumer Focused ETF

iShares 7-10 Year Treasury Bond ETF

iShares Core MSCI EAFE ETF

INDEPENDENCE GOLD CORP by Independence Gold Corp.

Independence Gold Corp

IEH Corp

iShares 3-7 Year Treasury Bond ETF

iShares Core MSCI Emerging Markets ETF

IENTERTAINMENT NTWRK INC by iEntertainment Network, Inc.

iEntertainment Network Inc

iShares U.S. Oil & Gas Exploration & Production ETF

Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests

Icahn Enterprises LP

Lazard Active ETF Trust Lazard International Dynamic Equity ETF

IES Holdings Inc

INTERCONEXION ELEC S/ADR by Interconexion Electrica S.A. E.S.P. - ISA

Interconexion Electrica SA ESP

INVINITY ENERGY SYS PLC by Invinity Energy Sys Plc.

Invinity Energy Systems PLC

iShares U.S. Tech Independence Focused ETF

iShares Core MSCI Europe ETF

iShares MSCI Europe Small-Cap ETF

iShares Europe ETF

IDEX Corp

iExalt Inc

iShares U.S. Oil Equipment & Services ETF

Last week, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) CEO Sundar Pichai revealed that the tech giant once came close to acquiring Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
What Happened: In a new interview on the All-In Podcast, Pichai was asked by David Friedberg about the biggest regrets or missed opportunities during his tenure as CEO.
While Pichai said that he tries not to dwell on regrets, when pressed further, he acknowledged one major what-if: Netflix.
"Maybe Netflix, right?" Pichai said. "We debated Netflix at some point super intensely inside."
"I wouldn't call it regrets, but you always look back … in a world of butterfly effects, there were alternate paths, but maybe they are in a different part of the multiverse."
See Also: <a href="https://www.benzinga.com/tech/25/05/45484235/facebook-vs-orkut-one-became-meta-with-a-1-6-trillion-market-cap-the-other-was-shut-down-by-google-heres-why">Facebook Vs. Orkut: One Became Meta With A $1.6 Trillion Market Cap, The Other Was Shut Down By Google: Here&#8217;s Why</a>
Pichai also discussed Alphabet's broader innovation strategy, noting that despite appearing as a holding company, Alphabet focuses deeply on technology-first solutions.
"We are not just looking to invest capital in other attractive businesses," he said, adding that the company looks for problems where its technology and R&amp;D can provide a differentiated value proposition.
He cited innovations like Waymo, Google Cloud and AI advancements through Gemini and DeepMind as examples of Alphabet's approach to incubating transformative businesses rooted in foundational research.
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Why It&#8217;s Important: Over the years, Google has made several <a href="https://www.benzinga.com/25/04/44986406/if-you-invested-1000-in-google-stock-when-it-acquired-youtube-heres-how-much-youd-have-today">successful acquisitions</a> like YouTube, Android and Waze.
While Netflix focused early on original, data-driven content and global productions to become a major entertainment player, Google prioritized user-generated content through YouTube.
The two companies took different paths: Netflix bet on premium storytelling, while Google emphasized scale and creator-driven platforms.
In April, Alphabet <a href="https://www.benzinga.com/25/04/44995955/alphabet-q1-earnings-highlights-google-search-youtube-cloud-show-robust-momentum">reported first-quarter revenue</a> of $90.23 billion, marking a 12% increase from the same period last year. The figure surpassed the Street consensus estimate of $89.2 billion. YouTube advertising revenue came in at $8.9 billion, ahead of the expected $8.1 billion.
Netflix <a href="https://www.benzinga.com/general/entertainment/25/04/44877995/netflix-crushes-q1-says-its-working-hard-to-improve-and-expand-its-offering">reported first-quarter revenue</a> of $10.54 billion, reflecting a 12.5% year-over-year increase. The result slightly exceeded the Street consensus estimate of $10.52 billion.
Price Action: In after-hours trading, Alphabet Inc.&#8217;s Class A shares dropped 1.64%, and Class C shares slipped 1.54%. Meanwhile, Netflix shares declined by 0.88%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Alphabet has a growth score of 66.98% based on Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare it with other companies</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/2025/05/19003110/Screenshot-2025-05-19-at-10.01.04%E2%80%AFAM.png" alt="" class="wp-image-919188" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by <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/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage&#8217; As China&#8217;s Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

News

Tech

GOOG

GOOGL

NFLX

Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: 'In A World Of Butterfly Effects…'

Pepe and cryptocurrencies tied to "Kekius Maximus" rallied Sunday night after tech mogul Elon Musk changed his X avatar to one centered on the fictional character.
What happened: Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Kekius Maximus soared 7% in the last 24 hours to a market capitalization of $1.8 million, <a href="https://coinmarketcap.com/currencies/kekius-maximus-army/">according </a>to CoinMarketCap.
Alongside, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based frog-themed PEPE popped over 5%, becoming one of the market's biggest gainers in the 24-hour period. Notably, PEPE's trading volume nearly tripled to $2.19 billion, making it the second-most traded meme coin after Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
Top Gainer (24-Hours)
<figure class="wp-block-table"> 
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<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 12:30 a.m. ET)</td>
</tr>
<tr>
<td>Kekius Maximus (KM) </td>
<td>+7.76%</td>
<td>$0.001782</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>+5.22%</td>
<td>$0.00001295</td>
</tr>
</tbody>
</table>
</figure>
The rally comes after Musk changed his X profile name to Kekius Maximus and updated his profile picture, depicting him as an ancient warrior called &#8220;Emperor Kekius Maximus.&#8221;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="596" height="496" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19004130/Screenshot-2025-05-19-at-13.41.13.png" alt="" class="wp-image-919195" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19004130/Screenshot-2025-05-19-at-13.41.13.png 596w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/19004130/Screenshot-2025-05-19-at-13.41.13-300x250.png 300w" sizes="(max-width: 596px) 100vw, 596px" /></figure>
Screenshot From Elon Musk&#8217;s X Account
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/25/05/45427302/anthony-scaramucci-forecasts-bitcoin-will-be-deemed-asset-class-akin-to-gold-when-it-reaches-500000">Anthony Scaramucci Says Once Bitcoin Hits $500,000 It Will Be Considered An Asset Class Just Like Gold</a>
Kekius Maximus—a combination of "Pepe the Frog" and &#8220;Maximus Decimus Meridius,&#8221; the iconic character from the movie Gladiator—shot to prominence after <a href="https://www.benzinga.com/24/12/42739155/elon-musk-changes-his-name-to-kekius-maximus-on-x-sending-to-memecoin-skyrocketing-over-600">Musk used it as his X profile name</a> on New Year's Eve 2024. The coin exploded 600%, accumulating millions in market capitalization.
However, the asset lost all its gains after Musk abandoned the avatar. Since then, the speculative asset has <a href="http://benzinga.com/25/03/44429523/elon-musks-new-x-post-sends-kekium-maximus-soaring-75frog-themed-pepe-also-rallies">experienced brief bursts of dramatic growth</a>, aided, of course, by Musk&#8217;s social media activity.
Benzinga Note: Investing in meme coins that lack community support is highly speculative and involves significant risk. They often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading.
Shutterstock/Joshua Sukoff
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45428552/peter-schiff-once-questioned-wisdom-of-hodling-ethereum-at-1200-since-then-the-second-largest-crypto-has-soared-116">Peter Schiff Once Questioned Wisdom Of HODLing Ethereum At $1,200 —Since Then, The Second-Largest Crypto Has Soared 116%</a></li>
</ul>

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

Cryptocurrency

Markets

Movers

Trading Ideas

$DOGE

$ETH

$PEPE

$SOL

Elon Musk's New 'Emperor Kekius Maximus' Avatar Sends Pepe And This Namesake Coin Rallying

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pursues fresh all-time highs, Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Chairman Michael Saylor&#8217;s wealth multiplication strategies for average wage earners, revolving around the apex cryptocurrency, are back in the spotlight.
What Happened:&nbsp;In a recent interview with podcaster Natalie Brunell, Saylor was asked&nbsp;about the best strategies for an average person to grow their wealth by 100x. 
Saylor advised traders not to quit their jobs and avoid extravagant spending on luxury items like sports cars like Ferrari and yachts, which he described as &#8220;obscenely expensive.&#8221;
&#8220;You would be better invested in an asset that&#8217;s going up 30% a year for the next 20 years, Saylor said, suggesting they rather buy Bitcoin, which he estimates will balloon to $13 million apiece by 2045.
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See Also:&nbsp;<a href="https://benzinga.com/25/05/45486095/bitcoin-breaks-107000-ethereum-dips-dogecoin-rallies-as-greed-sentiment-takes-over-analyst-predicts-great-6-8-week-period" target="_blank" rel="noreferrer noopener">Bitcoin Breaks $107,000, Ethereum Dips, Dogecoin Rallies As &#8216;Greed&#8217; Sentiment Takes Over: Analyst Predicts BTC &#8216;Primed&#8217; For A New All-Time High</a>
He further recommended leveraging mortgage debt to invest in Bitcoin. 
&#8220;If I have any kind of property you know, if I have a house, I would put a long mortgage on it, a 10-year mortgage or a 15 or 20-year mortgage on it, especially a conforming loan and then I would roll it into Bitcoin,&#8221; Saylor said. &#8220;It&#8217;s the cheapest form of permanent capital that someone can get.&#8221;
Saylor&#8217;s argument was that mortgage debt is secured against a &#8220;fairly stable&#8221; asset and the interest rates are subsidized by the government. However, data showed that mortgage rates have been steadily rising.
The 30-year fixed mortgage rate <a href="https://www.benzinga.com/news/25/05/45311797/the-financial-hurdles-to-owning-a-home-have-rarely-been-higher-says-bmo-as-fed-holds-rates-extending-wait-for-homebuyers">shot up to 6.90%</a> for the week ending May 9, up from 6.81% the previous week and reaching the highest level in two months. This marked a sharp increase from the 3.5% rates seen before 2022 that resulted in a Covid-era housing boom.
Why It Matters:&nbsp;Saylor&#8217;s advice underscored his belief in Bitcoin as a long-term investment. One of the most vocal advocates of the apex cryptocurrency, he has put his money where his mouth is, driving his firm Strategy to the forefront of Bitcoin&#8217;s corporate adoption. As of this writing, Strategy held a stash worth over $59 billion as of this writing,&nbsp;<a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to bitcointreasuries.net.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $104,165.07, up 0.98% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. The cryptocurrency briefly rose above $107,000 late Sunday evening.
Shares of Strategy closed 0.70% higher at $399.80 during Friday&#8217;s regular session.
MSTR stock exhibited a very high momentum score as of this writing. To find out which other companies logged a momentum score in excess of 90, visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="500" height="185" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18232642/Screenshot-2025-05-19-085624.png" alt="" class="wp-image-919132" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18232642/Screenshot-2025-05-19-085624.png 500w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18232642/Screenshot-2025-05-19-085624-300x111.png 300w" sizes="(max-width: 500px) 100vw, 500px" /></figure>
Photo Courtesy: wedmoments.stock On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45485038/robert-kiyosaki-predicts-bitcoin-to-reach-250000-buy-more-do-not-sell" target="_blank" rel="noreferrer noopener">Robert Kiyosaki Predicts Bitcoin To Reach $250,000: &#8216;Buy More. Do Not Sell&#8217;</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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$BTC

MSTR

Michael Saylor Has A Tip For Average People Looking To Grow Their Wealth By 100x, But He Doesn't Want You To Quit Your Job To Invest In Bitcoin

Tom Lee, co-founder and research head at Fundstrat Global Advisors, endorsed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on Sunday, writing &#8220;bitcoin is the way&#8221; in response to Strike CEO Jack Mallers&#8216; prediction that the cryptocurrency is poised to &#8220;go nuclear.&#8221;
What Happened: Mallers, whose Zap company created the popular no-fee Bitcoin Lightning Network app Strike, argued in a video that economic conditions are creating perfect circumstances for Bitcoin&#8217;s rise, particularly citing government monetary policies.
&#8220;They&#8217;re gonna have to print so much money,&#8221; Mallers said. &#8220;Bitcoin is really priced with how much currency slashing around in the world and in order for all of this to work, we have to debase our current value, our debt, and we have to create more.&#8221;
The endorsements come as <a href="https://www.benzinga.com/25/05/45486095/bitcoin-breaks-107000-ethereum-dips-dogecoin-rallies-as-greed-sentiment-takes-over-analyst-predicts-great-6-8-week-period">Bitcoin touched $107,000 Sunday</a>, its highest level in nearly four months. The cryptocurrency has gained over 11% this month, with trading volumes increasing by almost 50% in the latest rally.
See Also: <a href="https://www.benzinga.com/25/05/45486040/chuck-schumer-raises-concerns-over-trump-and-doge-impact-on-us-coast-guard-after-mexican-ship-collides-with-brooklyn-bridge-we-know-theyve-been-meddling">Chuck Schumer Raises Concerns Over Trump And DOGE Impact On US Coast Guard After Mexican Ship Collides With Brooklyn Bridge: &#8216;We Know They&#8217;ve Been Meddling&#8217;</a>
Why It Matters: Market sentiment remains bullish despite $575 million in cryptocurrency liquidations over the past 24 hours. The Crypto Fear and Greed Index registered a &#8220;Greed&#8221; reading of 74, <a href="https://www.benzinga.com/25/05/45486095/bitcoin-breaks-107000-ethereum-dips-dogecoin-rallies-as-greed-sentiment-takes-over-analyst-predicts-great-6-8-week-period">suggesting potential buying pressure ahead</a>.
Cryptocurrency analyst Michaël van de Poppe believes Bitcoin is &#8220;primed for a new ATH [all-time high],&#8221; noting that &#8220;altcoins are outperforming Bitcoin on every move upwards.&#8221; Bitcoin&#8217;s previous record high of $109,114.88 was set on January 20.
Robert Kiyosaki, author of &#8220;Rich Dad Poor Dad,&#8221; recently predicted Bitcoin could reach $250,000 this year, urging followers to &#8220;buy more&#8221; and &#8220;do not sell,&#8221; citing <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45485038/robert-kiyosaki-predicts-bitcoin-to-reach-250000-buy-more-do-not-sell">what he describes as the imminent collapse</a> of the &#8220;Marxist Central Bank system.&#8221;
The cryptocurrency surge contrasts with traditional markets, as U.S. stock futures declined Sunday following Moody&#8217;s downgrade of the <a href="https://www.benzinga.com/25/05/45486095/bitcoin-breaks-107000-ethereum-dips-dogecoin-rallies-as-greed-sentiment-takes-over-analyst-predicts-great-6-8-week-period">U.S. long-term credit rating</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Yalcin Sonat on Shutterstock.com

Tom Lee Says 'Bitcoin Is the Way' After Strike CEO Predicts It's About To 'Go Nuclear'

Treasury Secretary Scott Bessent has issued a fresh warning to the U.S.&#8217;s biggest trading partners, global markets, and economies on trade and tariffs.
What Happened: On Sunday, Bessent warned that U.S. tariffs could soon snap back to their &#8220;reciprocal&#8221; levels seen during &#8220;Liberation Day&#8221; if countries fail to strike trade agreements within the current 90-day window, while speaking at CNN&#8217;s State of the Union with Jake Tapper. 
&#8220;President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April 2 level,&#8221; Bessent said, referring to America&#8217;s 18 most important trading partners, which the administration is currently focused on.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45486452/jim-cramer-recalls-2011s-6-7-market-decline-after-us-debt-downgrade-says-it-ultimately-meant-nothing-dan-niles-sees-limited-downside-amid-tariff-rollbacks-fomo">Jim Cramer Recalls 2011&#8217;s 6.7% Market Decline After US Debt Downgrade, Says It &#8216;Ultimately Meant Nothing:&#8217; Dan Niles Sees Limited Downside Amid Tariff Rollbacks, FOMO</a>
For smaller trading partners, Bessent said the administration may pursue regional agreements. &#8220;We will do a lot of regional deals,&#8221; he said. &#8220;This is the rate for Central America, this is the rate for this part of Africa.&#8221;
When asked about the impact of unpredictable tariff policy on American businesses, Bessent described the White House strategy as one of &#8220;strategic uncertainty,&#8221; adding that &#8220;If we were to give too much certainty to the other countries, then they would play us in the negotiations.&#8221;
Bessent also addressed criticism from companies like Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), which warned of rising consumer prices. &#8220;Walmart will be <a href="https://www.benzinga.com/markets/25/05/45484675/trumps-tariff-challenge-amid-rising-price-concerns-president-tells-walmart-to-eat-the-tariffs">absorbing some of the tariffs</a>,&#8221; he said, adding that &#8220;some may get passed on to consumers.&#8221;
Why It Matters: This comes amid tariffs pushing Walmart and Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) toy suppliers to the <a href="https://benzinga.com/markets/25/05/45342977/trumps-tariffs-reportedly-push-walmart-and-target-toy-suppliers-to-the-brink-of-closure-if-nothing-changes-well-be-crippled">brink of closure</a> in recent weeks.
On Saturday, President Donald Trump <a href="https://www.benzinga.com/markets/25/05/45484675/trumps-tariff-challenge-amid-rising-price-concerns-president-tells-walmart-to-eat-the-tariffs">posted on Truth Social</a>, asking Walmart to &#8220;eat the tariffs,&#8221; in response to the company&#8217;s warnings of tariff-related price hikes.
Trump also said last week that tariff revenues could <a href="https://benzinga.com/25/05/45447473/trump-says-tariff-money-could-replace-the-income-tax-april-customs-collections-hit-record-15-4-billion-as-new-duties-take-effect">replace income taxes</a>, with April customs collections hitting $15.4 billion. 
However, several economists and policy experts, such as former Treasury Secretary Larry Summers, have claimed that it was Trump who <a href="https://www.benzinga.com/25/05/45365521/larry-summers-says-trump-blinked-on-china-tariffs-sometimes-its-good-to-blink-as-markets-breathe-a-sigh-of-relief">blinked on the tariffs</a>. 
&#8220;Whenever the commitment to the Liberation Day policies increases, markets go down. Whenever there's signs of backing off, markets go up,&#8221; Summers said, clearly highlighting that tariffs aren&#8217;t good for the markets.
Shutterstock/Maxim Elramsisy
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</ul>
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<iframe loading="lazy" title="One-on-one with Treasury Secretary Scott Bessent" width="500" height="281" src="https://www.youtube.com/embed/S4Xyn6UYFUo?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>
</div>
</figure>

Government

Scott Bessent Signals Liberation Day 2.0 Coming If Countries Don't Sign Trade Deals: 'President Trump Has Put Them On Notice'

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is reportedly in advanced talks to invest in a quantum computing startup.
What Happened: Nvidia is considering a major investment in PsiQuantum, reported Reuters (<a href="https://www.theinformation.com/articles/nvidia-talks-invest-quantum-startup-psiquantum">via</a> The Information).
Quantum technology could handle computations far beyond the capabilities of today's most advanced AI systems powered by Nvidia chips. PsiQuantum is working with the U.S. and Australian governments to build quantum computers in Chicago and Brisbane.
Unlike other quantum computing startups that depend on exotic materials, PsiQuantum leverages standard semiconductor manufacturing methods, the report said.
In March, Reuters reported that PsiQuantum is securing a minimum of $750 million in funding from investors such as BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), valuing the company at a $6 billion pre-money valuation.
See Also: <a href="https://www.benzinga.com/media/25/05/45460918/jensen-huang-led-nvidia-plans-new-shanghai-research-hub-to-stay-competitive-in-china-as-us-export-curbs-threaten-ai-chip-sales-report">Jensen Huang-Led Nvidia Plans New Shanghai Research Hub To Stay Competitive In China As US Export Curbs Threaten AI Chip Sales: Report</a> Why It&#8217;s Important: This would mark a notable change in direction for Nvidia. The chip giant's CEO, Jensen Huang, previously suggested practical quantum <a href="https://www.benzinga.com/25/03/44433571/jensen-huang-admits-mistake-says-i-was-wrong-about-quantum-computing-at-gtc-apology-fails-to-lift-rigetti-ionq-d-wave-qubt">computing was decades away</a>.
In March, however, Nvidia announced a quantum research lab in Boston in collaboration with Harvard and MIT.&nbsp;
Nvidia is scheduled to release its first-quarter earnings on May 28 after the market closes. According to <a href="https://www.benzinga.com/pro/login">Benzinga Pro</a>, analysts expect the company to post earnings of 89 cents per share on revenue of $43.07 billion.
Price Action: On Friday, Nvidia&#8217;s stock ended 0.4% higher at $135.40. 
Benzinga Edge Stock Rankings gives Nvidia a growth score of 95.02%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares with other leading tech companies</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/2025/05/18233710/Screenshot-2025-05-19-at-9.07.05%E2%80%AFAM.png" alt="" class="wp-image-919141" /></a></figure>
Photo Courtesy: Hepha1st0s On Shutterstock.com
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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.

Media

NVDA

Nvidia's Quantum Pivot? Jensen Huang-Led Chip Giant Reportedly Mulls Major Stake In PsiQuantum

Moody&#8216;s downgrade of U.S. debt from Aaa to Aa1 marks the country&#8217;s loss of its last <a href="https://www.benzinga.com/news/econ-s/25/05/45479078/moodys-downgrades-us-credit-rating-over-debt-deficit-concerns">remaining top-tier rating</a>, prompting market experts to weigh in on potential impacts.
What Happened: CNBC&#8217;s Jim Cramer recalled on Sunday that &#8220;the market dropped 6.7% after the last downgrade back in 2011 but it, ultimately, meant nothing.&#8221; Despite weeks of market decline following that event, Cramer emphasized investors &#8220;had to stay the course.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As I write a draft for the CNBC investing club for our meeting on Wednesday i am mindful that the market dropped 6.7% after the last downgrade back in 2011 but it, ultimately, meant nothing and while the market kept falling for weeks you had to stay the course
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1924128885228085605?ref_src=twsrc%5Etfw">May 18, 2025</a></blockquote>
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Dan Niles, founder of Niles Investment Management, expects less severe market reactions this time. &#8220;Prior debt downgrades have been followed by S&amp;P drops of 8-10%,&#8221; Niles noted, adding that &#8220;today, tariff rollbacks is driving a pickup in the economy &amp; the decline should be less.&#8221;
Moody&#8217;s joins Fitch and Standard &amp; Poor&#8217;s in downgrading U.S. debt below the highest &#8220;triple-A&#8221; level. Fitch downgraded U.S. debt in August 2023, while S&amp;P&#8217;s historic first downgrade occurred in August 2011.
The 2011 S&amp;P downgrade shocked markets, coming after the S&amp;P 500 had doubled from its 2009 Great Financial Crisis lows. The index plunged 6.7% the following trading day, ultimately falling 8% from the downgrade in October 2011.
Fitch downgrade contributed to a 10% S&amp;P 500 decline from July to October 2023, exacerbated by inflation concerns and rising 10-year yields.
Niles believes current conditions differ significantly. &#8220;Unlike in 2023 or 2011, the economic environment is improving around this debt downgrade,&#8221; he wrote, citing reduced China tariffs driving trade resumption.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Prior debt downgrades have been followed by S&amp;P drops of 8-10%. In 2023 inflation concerns drove 10yr yields to the highest in a decade. In 2011, there were fears of a renewed EU debt crisis. Today, tariff rollbacks is driving a pickup in the economy &amp; the decline should be less.…
&mdash; Dan Niles (@DanielTNiles) <a href="https://twitter.com/DanielTNiles/status/1924261985887096946?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/05/45485137/bitcoin-skyrockets-soars-past-105000-mark-triggers-a-250-billion-market-rally">Bitcoin Skyrockets Past $105,000 Mark, Triggers $250 Billion Crypto Market Rally</a>
Why It Matters: Market support could come from retail investors experiencing FOMO (fear of missing out) and professional investors who missed the recent 20% rally from April lows. The AAII survey recently showed bulls surpassing bears for the first time during this rally, according to Niles.
Moody&#8217;s cited persistent fiscal deficits and rising government debt as key factors in its decision. The agency projects U.S. debt-to-GDP ratio will climb from <a href="https://www.benzinga.com/news/econ-s/25/05/45479078/moodys-downgrades-us-credit-rating-over-debt-deficit-concerns">nearly 100% in 2025 to around 130% by 2035</a>.
&#8220;Even in a very positive and low probability economic and financial scenario, debt affordability remains materially weaker than for other Aaa-rated sovereigns,&#8221; Moody&#8217;s stated.
The SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) both slipped in Friday&#8217;s after-hours trading following the announcement.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: katz / Shutterstock.com

Equities

Jim Cramer Recalls 2011's 6.7% Market Decline After US Debt Downgrade, Says It 'Ultimately Meant Nothing:' Dan Niles Sees Limited Downside Amid Tariff Rollbacks, FOMO

As criticism mounts over the Donald Trump administration's <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45390422/trump-unveils-historic-and-transformative-600-billion-saudi-deal-predicts-markets-will-go-a-lot-higher">AI chip deals with Gulf states</a>, David Sacks and Sam Altman are pushing back, calling the partnerships a strategic win over China.
What Happened: Trump announced multibillion-dollar AI partnerships between U.S. companies and Gulf nations, including Saudi Arabia and the UAE.
The deals involve major players like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).
Despite <a href="https://www.benzinga.com/25/05/45459318/chuck-schumer-blasts-trump-for-backing-ai-chip-sales-to-saudi-arabia-uae-warns-deal-risks-us-tech-secrets-falling-into-chinas-hands">concerns from lawmakers</a> about potential Chinese access to U.S. AI chips via Gulf allies, Sacks, a tech investor and White House AI advisor, defended the initiative in a post on X, formerly Twitter.
"I'm genuinely perplexed how any self-proclaimed ‘China Hawk' can claim that President Trump's AI deals with UAE and Saudi Arabia aren't hugely beneficial for the United States," Sacks wrote.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most&#8217; As China&#8217;s Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
He cited semiconductor analyst Dylan Patel that the partnerships "will noticeably shift the balance of power" in the U.S.'s favor and asked critics: "Does China wish it had made these deals? Yes of course it does. But President Trump got there first and beat them to the punch."
Altman shared Sacks&#8217; post on X and echoed his view, stating, "This was an extremely smart thing for you all to do and I'm sorry naive people are giving you grief."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">this was an extremely smart thing for you all to do and i'm sorry naive people are giving you grief. <a href="https://t.co/iTkQj9c9QW">https://t.co/iTkQj9c9QW</a>
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1923428713095479437?ref_src=twsrc%5Etfw">May 16, 2025</a></blockquote>
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Why It's Important: The Joe Biden administration had previously implemented <a href="https://www.benzinga.com/news/24/10/41323155/nvidia-amd-face-chip-export-curbs-as-biden-administration-considers-restrictions-on-middle-east-coun">rules to restrict AI chip exports</a> to countries like Saudi Arabia and the UAE, citing national security risks.
However, those limits have now been rolled back, with new policies still in development, <a href="https://www.axios.com/2025/05/16/trump-ai-deals-gulf-chips-china-trade-policy">reported</a> Axios.
On Thursday, Senate Minority Leader Chuck Schumer (D-N.Y.) cautioned that Trump's backing of efforts to export sensitive U.S. AI chip technology to allies in the Persian Gulf might ultimately give an advantage to China.
Earlier, Nvidia CEO Jensen Huang warned that limiting access to China's AI market could <a href="https://www.benzinga.com/markets/25/05/45243129/nvidia-ceo-jensen-huang-says-losing-access-to-chinas-potential-50-billion-ai-market-would-be-a-tremendous-loss">harm the company, U.S. jobs</a>, and overall technological progress.
His remarks followed a report revealing that Nvidia has notified key Chinese clients — including Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) — that it is developing a <a href="https://www.benzinga.com/25/05/45182565/nvidia-designing-new-ai-chips-for-alibaba-bytedance-tencent-after-warning-us-export-ban-on-h20-could-cost-the-company-55-billion-report">modified version of its AI chip designed</a> to meet U.S. export restrictions.
Nvidia has earned a growth score of 95.02% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other top tech firms</a> like AMD, Qualcomm, Alibaba and Tencent.
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Photo Courtesy: twenty1studio On Shutterstock.com
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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.

AMZN

BABA

QCOM

TCEHY

David Sacks Hails Trump's AI Strategy In Middle East As Power Move Over China — OpenAI CEO Sam Altman Backs Him: 'Sorry Naive People Are Giving You Grief'

As shares of UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) witness a steep decline, company insiders are stepping up to the plate with a series of insider buys, which analysts and experts say is &#8220;a strong signal.&#8221;
What Happened: On Saturday, popular investment newsletter The Kobeissi Letter shared a post on X highlighting UnitedHealth&#8217;s new CEO, Stephen Hemsley, acquiring a significant stake in the company, worth $25 million, according to filings with the Securities and Exchange Commission.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is interesting: Stephen Hemsley, the new CEO of UnitedHealth, <a href="https://twitter.com/search?q=%24UNH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UNH</a>, bought $25 million worth of the stock on Friday. He is the latest of multiple insiders to begin buying shares amid the historic decline. What does it tell you if insiders are buying here? <a href="https://t.co/BqM4Ksabsy">pic.twitter.com/BqM4Ksabsy</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1923782787909197829?ref_src=twsrc%5Etfw">May 17, 2025</a></blockquote>
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&#8220;He is the latest of multiple insiders to begin buying shares amid the historic decline,&#8221; the post says, referring to the three directors, Timothy Flynn, Kristen Gil and John Noseworthy, who purchased shares worth $491,786, $1,003,329 and $93,647, respectively, in the company last week. 
This is in addition to UnitedHealth&#8217;s CFO, John Rex, who bought shares worth $5 million, according to SEC filings.
See Also: <a href="https://www.benzinga.com/25/05/45485704/joe-biden-diagnosed-with-advanced-prostate-cancer-trump-wishes-former-president-a-fast-and-successful-recovery">Joe Biden Diagnosed With Advanced Prostate Cancer, Trump Wishes Former President A &#8216;Fast And Successful Recovery&#8217;</a>
Replying to the post, investment manager&nbsp;Mike Shell&nbsp;says that investing personal capital after a sharp decline is a &#8220;strong signal&#8221; that&nbsp;management perceives &#8220;positive asymmetry&#8221; in the stock, suggesting limited downside risks, relative to its recovery potential.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Investing personal capital after a sharp decline is a strong signal they perceive positive asymmetry: limited further downside versus potential recovery gains.
&mdash; Mike Shell (@MikeWShell) <a href="https://twitter.com/MikeWShell/status/1924108362909733063?ref_src=twsrc%5Etfw">May 18, 2025</a></blockquote>
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Why It Matters: UnitedHealth shares have witnessed a steep decline since its disappointing <a href="https://benzinga.com/analyst-ratings/price-target/25/04/44902410/unitedhealth-group-stock-is-getting-crushed-whats-fueling-the-selloff">first quarter results</a> last month, when the company narrowly missed expectations, posting earnings of $7.20 per share versus the consensus estimate of $7.29.
However, it&#8217;s been under scrutiny <a href="https://www.benzinga.com/general/health-care/24/12/42316904/unitedhealthcare-ceo-brian-thompson-fatally-shot-outside-nyc-hotel">ever since the assassination</a> of its insurance unit CEO, Brian Thompson, in December 2024, by a disgruntled insurance patient, Luigi Mangione.
The stock once again <a href="https://www.benzinga.com/25/05/45373368/unitedhealth-stock-plunges-names-new-ceo-suspends-2025-guidance">witnessed a pullback</a> last week, following the abrupt departure of its CEO, Andrew Witty. Former CEO Hemsley was reinstated, and the company subsequently withdrew its full-year guidance.
To make matters worse, a Wall Street Journal report claimed that UnitedHealth was under a <a href="https://benzinga.com/general/health-care/25/05/45426769/unitedhealth-stock-plunges-over-8-in-after-hours-trading-as-doj-criminal-probe-adds-to-turmoil-after-ceo-shake-up">federal criminal investigation</a> focusing on its Medicare Advantage business practices. The company refuted these claims, stating that it has not been notified of any supposed criminal investigation by the Department of Justice.
While several experts see this string of insider buying as a sign of a turnaround to come, investor Jeremy Lefebvre posted on X, calling the company &#8220;straight trash.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">People want to know my opinion on <a href="https://twitter.com/search?q=%24UNH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UNH</a> Straight trash. They are going to go thru years of investigations and it will be a mess. Doesn't mean it can't work for short term trade but it reminds me of <a href="https://twitter.com/search?q=%24BA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BA</a> stock many year ago. Boeing is still a mess even now. Your opinion? <a href="https://t.co/1eMPaXrAJJ">pic.twitter.com/1eMPaXrAJJ</a>
&mdash; Jeremy Lefebvre (@HolySmokas) <a href="https://twitter.com/HolySmokas/status/1923806928951775450?ref_src=twsrc%5Etfw">May 17, 2025</a></blockquote>
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Lefebvre says the company will go through years of investigation, and that it will &#8220;be a mess,&#8221; before drawing parallels with Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), which he says &#8220;is still a mess even now.&#8221;
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<tbody>
<tr>
<td class="has-text-align-center" data-align="center">UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)</td>
<td class="has-text-align-center" data-align="center">7 Days</td>
<td class="has-text-align-center" data-align="center">Month</td>
<td class="has-text-align-center" data-align="center">Year-To-Date</td>
<td class="has-text-align-center" data-align="center">12 Months</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center"></td>
<td class="has-text-align-center" data-align="center">-23.41%</td>
<td class="has-text-align-center" data-align="center">-31.37%</td>
<td class="has-text-align-center" data-align="center">-42.14%</td>
<td class="has-text-align-center" data-align="center">-43.56</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">UnitedHealth shares have witnessed steep declines across multiple periods in recent months.</figcaption></figure>
Price Action: Shares of UnitedHealth were up 6.40% on Friday, following news of insider buying, but are down 1.46% pre-market. The stock remains down by 42.14% year-to-date, and 53.8% from its all-time high in November last year.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="139" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18221810/Screenshot-2025-05-19-at-7.47.57-AM-1024x139.png" alt="" class="wp-image-919079" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18221810/Screenshot-2025-05-19-at-7.47.57-AM-1024x139.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18221810/Screenshot-2025-05-19-at-7.47.57-AM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18221810/Screenshot-2025-05-19-at-7.47.57-AM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18221810/Screenshot-2025-05-19-at-7.47.57-AM-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/18221810/Screenshot-2025-05-19-at-7.47.57-AM.png 1592w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga&#8217;s Edge Stock Rankings, UnitedHealthcare group has an unfavorable price trend in the short, medium, and long term. You can check more comprehensive metrics <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>. 
Shutterstock/The Image Party
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Health Care

Insider Trades

UnitedHealth CEO, Other Insiders Buy Millions In Stock As It Sinks Over 23% In A Week: Move Gets 'Mixed' Reaction

Nearly 23 million Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) were kicked out of circulation Sunday, applying further deflationary pressure on the popular dog-themed meme coin.
What happened: The burn rate exploded 588.22% in the last 24 hours, resulting in a supply squeeze of 22.94 million SHIB tokens, <a href="https://www.shibburn.com/">according</a> to Shibburn, the coin&#8217;s official burn tracker.
At the time of writing, about 410.74 trillion SHIBs have been burned, with the circulating supply at 584.45 trillion.
Coin burning entails sending a cryptocurrency to an unusable wallet address to remove it from circulation. This is done to create scarcity and boost its demand and market value over time.
Interestingly, the burn spike came despite a sharp drop in <a href="https://www.shibariumscan.io/stats">transactions </a>on the ecosystem's Layer-2 blockchain, Shibarium. It's worth pointing out that a portion of transaction fees paid on Shibarium is set aside and burned through an automated burn mechanism.
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/25/05/45427302/anthony-scaramucci-forecasts-bitcoin-will-be-deemed-asset-class-akin-to-gold-when-it-reaches-500000">Anthony Scaramucci Says Once Bitcoin Hits $500,000 It Will Be Considered An Asset Class Just Like Gold</a>
Meanwhile, the Open Interest in SHIB derivatives rose over 2% in the last 24 hours, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass. That said, the majority of Binance traders with open SHIB positions were positioned short.
On the technical front, the Bull Bear Power indicator, which measures the strength of buyers and sellers, flashed a "Buy" signal for SHIB, <a href="https://in.tradingview.com/symbols/SHIBUSD/technicals/">according </a>to TradingView.
Price Action:&nbsp; At the time of writing, SHIB was exchanging hands at $0.00001453, up 1.73% 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>. Year-to-date, the coin has plunged 31%.
Photo Courtesy: Digital Pixel on Shutterstock.com
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</ul>

$SHIB

Shiba Inu's Burn Rate Fires 588%, Key Indicators Flash 'Buy' — What Up?

Seven years ago, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) poached Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)-owned Google's <a href="https://www.benzinga.com/tech/25/04/45029758/apples-ai-team-undergoes-major-restructuring-amidst-performance-concerns">AI chief</a> John Giannandrea. However, the tech giant is still struggling to catch up in the artificial intelligence race.
What Happened: In 2018, Giannandrea's arrival at Apple was seen as a turning point, with executives hoping to revamp Siri and build a foundation for future AI products.
However, today the positive wave Giannandrea brought has dissipated as Apple continues to fall behind rivals like OpenAI, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), <a href="https://www.bloomberg.com/news/features/2025-05-18/how-apple-intelligence-and-siri-ai-went-so-wrong?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc0NzYwMjI4NiwiZXhwIjoxNzQ4MjA3MDg2LCJhcnRpY2xlSWQiOiJTV0g2Q1NEV1JHRzAwMCIsImJjb25uZWN0SWQiOiJDNEVEQ0FFMUZBMDU0MEJFQTI0QTlGMjExQzFFOTA4MCJ9.YT_s8wxHKtdrfLqfjQbcgxZeRLetExNf84jgg1mpcHM">according</a> to Bloomberg Businessweek.
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/25/05/45311978/tim-cooks-apple-tv-cameo-rejected-by-seth-rogen-opts-for-netflixs-ted-sarandos-instead-we-said-no" target="_blank" rel="noreferrer noopener">Tim Cook's Apple TV+ Cameo Rejected By Seth Rogen, Opts For Netflix's Ted Sarandos Instead: ‘We Said No'</a>
Last year at the WWDC, Apple promised a major overhaul of its voice assistant. However, this has been repeatedly delayed with many of the promised features still not functioning properly.
Eddy Cue, a senior Apple executive, reportedly told AI could do what iPhone did to Nokia's business. Last month, during his testimony in a DOJ case against Alphabet, Cue said that iPhones could lose relevance over the next 10 years: "As crazy as that sounds," the report noted.
However, during Apple's earnings call in May, CEO Tim Cook defended the slow progress, saying Apple Intelligence features simply need more time to meet the company's quality standards.
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.
So, Why Is Apple Still Behind? As per the report, which cited multiple employees and people close to the company, much of the blame has been put on Giannandrea, who, according to the sources, did not fight for adequate funding.
Some also said that the ex-Google executive lacked a sense of urgency. But, Giannandrea reportedly thinks that the blame should be with marketing and advertising teams for hyping unfinished projects.
The acquisition of a lower number of GPUs than its competitors, its long-standing commitment to privacy and the tendency to perfect a feature before launching also hindered the company's progress in the AI race, the report said.
Why It's Important: Apple is now working on iOS 19, which will reported pack significant AI updates, including <a href="https://www.benzinga.com/25/05/45367075/apple-reportedly-leans-on-ai-to-solve-iphone-battery-woes-in-ios-19-update-ahead-of-thinner-iphone-17-launch-this-fall">battery optimization</a> and a virtual health coach.
Apple is also planning to split Apple Intelligence from Siri to escape the voice assistant's reputation, the report added, citing sources. The tech giant also reportedly intends to let Siri access the open web, just like OpenAI's ChatGPT.
Price Action: As per <a href="http://pro.benzinga.com/">Benzinga Pro</a>, Apple shares have declined by 1.58% in after-hours trading.
Benzinga Edge Stock Rankings gave Apple a growth score of 45.98%, reflecting strong market momentum. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other leading stocks</a> such as Alphabet, Microsoft and Amazon.
<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/2025/05/18221819/Screenshot-2025-05-19-at-7.48.11%E2%80%AFAM.png" alt="" class="wp-image-919080" /></a></figure>
Photo Courtesy: Prathmesh T on Shutterstock.com
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>.
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AAPL

MSFT

Why Is Apple Still Behind On AI? Expert Dissects Reasons Behind iPhone Maker Lagging Likes Of Microsoft And Amazon Despite Poaching Google's AI Chief

Leading cryptocurrencies rallied sharply on Sunday as investors awaited new all-time highs for Bitcoin.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.53%</td>
<td>$105,868.99</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.57%</td>
<td>$2,438.87</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+6.63%</td>
<td>$0.2293</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin tapped $107,000, the highest in nearly four months, in a sharp evening rally that saw trading volumes increase by almost 50%. The apex cryptocurrency was already up 11% in the month
Ethereum, on the other hand, sold off, plunging to an intraday low of $2,344.67 before recovering to the mid-$2,400s by late evening.
Over $575 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish leveraged bets accounting for $350 million.&nbsp;
That said, about $465 million in Bitcoin shorts risked liquidation if the apex cryptocurrency rallied to $108,000.
Bitcoin's Open Interest surged 5.31% in the last 24 hours to levels not seen since December 2024. Meanwhile, bearish bets against Bitcoin spiked, with over 60% of Binance traders with open BTC positions shorting the cryptocurrency.
The "Greed" barometer increased to 74, according to the Crypto Fear and Greed Index, indicating a potential surge in buying pressure in the days to come.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Virtuals Protocol (VIRTUAL)</td>
<td>+19.00%</td>
<td>$2.00</td>
</tr>
<tr>
<td>Pepe (PEPE)</td>
<td>+12.56%</td>
<td>$0.00001372</td>
</tr>
<tr>
<td>dogwifhat (WIF)</td>
<td>+11.65%</td>
<td>$1.04</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.35 trillion, following an increase of 2.36% in the last 24 hours.
Stock futures dipped Sunday night. The Dow Jones Industrial Average Futures fell 287 points, or 0.67%, as of 8:37 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 slid 0.82%, while Nasdaq 100 Futures lost 1.06%.
The sell-offs come after <a href="https://www.benzinga.com/markets/25/05/45484954/treasury-secretary-bessent-addresses-moodys-downgrade-and-tariff-impact-n-walmart">Moody's downgraded the U.S. long-term credit rating</a>, raising fears about government debt and inflation. Treasury Secretary Scott Bessent dismissed these concerns, calling Moody's a "lagging indicator."&nbsp;&nbsp;
The S&amp;P 500 extended its gains on Wednesday. The broad-based index rose 0.10% to close at 5,892.58, while the tech-focused Nasdaq Composite gained 0.72% to end at 19,146.81. The Dow Jones Industrial Average fell for the second straight day, losing 89.37 points, or 0.21%, to end at 42,051.06.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency market commentator Michaël van de Poppe highlighted the potential for altcoins to outperform Bitcoin in the next days.
"M2 Supply goes up and Bitcoin is primed for a new ATH. Altcoins are outperforming Bitcoin on every move upwards. I think we're in for a great 6-8 week period," Van De Poppe stated. Notably, Bitcoin touched an all-time high of $109,114.88 on Jan. 20, 2025. It is currently trading 3.72% below those levels.
<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">All the <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are making higher lows and confirming buying pressure. M2 Supply goes up and <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is primed for a new ATH. Altcoins are outperforming Bitcoin on every move upwards. I think we&#39;re in for a great 6-8 week period.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1924200569276920143?ref_src=twsrc%5Etfw">May 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cryptocurrency analyst and trader Ali Martinez commented on Ethereum's outlook, painting $3,000 and $4,000 as the next upside targets if the cryptocurrency holds above $2,200.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">According to the pricing bands, as long as <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> holds above $2,200, the next upside targets could be $3,000 and possibly $4,000 as bullish momentum builds. <a href="https://t.co/Y8goRUPaAj">https://t.co/Y8goRUPaAj</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1924145073006018858?ref_src=twsrc%5Etfw">May 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Yalcin Sonat On Shutterstock.com
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Bitcoin Breaks $107,000, Ethereum Dips, Dogecoin Rallies As 'Greed' Sentiment Takes Over: Analyst Predicts BTC 'Primed' For A New All-Time High

Sen. Chuck Schumer (D-N.Y.) expressed concerns on Sunday about the impact of President Donald Trump and the Department of Government Efficiency on U.S. Coast Guard operations. The Senate minority leader&#8217;s comments came in the wake of a Mexican naval vessel colliding with the Brooklyn Bridge on Saturday night.
What Happened: The accident resulted in the deaths of two crew members. The ship was on a goodwill tour, according to a <a href="https://www.nytimes.com/2025/05/17/nyregion/brooklyn-bridge-ship-crash-nyc.html">report</a> from The New York Times.
The Cuauhtémoc, carrying 277 individuals, drifted into the iconic bridge, damaging its masts and rigging. Eric Adams, the Mayor of New York City, confirmed the fatalities through a social media post, noting that the ship had lost power prior to the crash.
The deceased were identified as crew members by Mexican President&nbsp;Claudia Sheinbaum. The Mexican Navy reported that 22 individuals sustained injuries, with 11 in critical condition. The ship, initially docked at Pier 17, was intended to head south from New York Harbor but instead veered off course, as reported by&nbsp;the city's Office of Emergency&nbsp;Management.
Verified videos by Reuters depicted the chaotic aftermath, with individuals hanging from the wreckage and a tugboat nearby. The ship eventually docked at Brooklyn Bridge Park with severely damaged masts. Authorities are investigating potential mechanical failures that may have led to the incident, with the&nbsp;National Transportation Safety Board&nbsp;spearheading the investigation.
Schumer highlighted issues with water traffic control, citing Trump&#8217;s decision to relieve Admiral Linda Fagan from her position as Commandant of the USCG, which remains vacant. He also pointed out that a hiring freeze has hindered the USCG&#8217;s ability to staff the Vehicle Traffic Service, crucial for managing water traffic.
Schumer&#8217;s post on X emphasized the need for action to safeguard national security, infrastructure, and public safety. He stated, &#8220;We need action for our national security, infrastructure protection, and public safety.&#8221;
The Senator said he was &#8220;fighting for answers&#8221; adding that &#8220;We know they've been meddling with U.S. Coast Guard staffing.&#8221;
<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">With the Brooklyn Bridge strike last night: I'm fighting for answers about whether Trump and DOGE have impacted water traffic control. We know they've been meddling with U.S. Coast Guard staffing. Trump relieved Admiral Linda Fagan as Commandant of the USCG, and that position…
&mdash; Chuck Schumer (@SenSchumer) <a href="https://twitter.com/SenSchumer/status/1924192523087384764?ref_src=twsrc%5Etfw">May 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://benzinga.com/news/25/05/45484392/grant-cardone-proposes-no-property-taxes-for-65-and-over-says-it-would-provide-relief-to-social-security-and" target="_blank" rel="noreferrer noopener">Grant Cardone Proposes &#8216;No Property Taxes For 65 And Over&#8217;—Says It Would Provide Relief To Social Security And Protect Seniors&#8217; Homes</a>
Why It Matters: Schumer&#8217;s remarks come amid heightened scrutiny of transportation safety following recent incidents, including a <a href="https://www.benzinga.com/25/01/43328465/no-survivors-yet-to-plane-crash-near-reagan-national-airport-american-airlines-ceo-heads-to-washington">plane crash</a> near Reagan National Airport in January. 
The following month, a Delta Air Lines plane met with an accident at Toronto&#8217;s Pearson Airport, and Schumer at that time had emphasized the FAA's responsibility in <a href="https://www.benzinga.com/25/02/43771492/chuck-schumer-blasts-trump-faa-layoffs-after-delta-plane-overturns-on-landing-in-toronto-president-fired-safety-specialists">inspecting aviation equipment</a>, regardless of the plane's destination. He had pointed out that Trump had let go of FAA safety specialists.
Elon Musk, who spearheaded the Trump Administration&#8217;s cost-cutting agency DOGE, said he <a href="https://www.benzinga.com/25/05/45381782/elon-musk-vows-to-spend-less-time-in-white-house-doge-office-investors-warn-the-damage-is-done-and-teslas-troubles-are-far-from-over">would cut back on his time</a> spent on government work and refocus on Tesla starting in May, but a recent <a href="https://edition.cnn.com/2025/05/17/politics/musk-doge-future">report</a> from CNN indicates that the agency&#8217;s work is set to continue even as Musk takes a backseat.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a> 
Photo Courtesy: Bumble Dee On Shutterstock.com
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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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Chuck Schumer Raises Concerns Over Trump And DOGE Impact On US Coast Guard After Mexican Ship Collides With Brooklyn Bridge: 'We Know They've Been Meddling'

<ul class="wp-block-list">
<li>The U.S. is set to lose $12.5 billion in travel revenue this year, according to data from the World Travel &amp; Tourism Council </li>
<li>The findings, which were shared exclusively with Bloomberg, have been attributed to a number of factors including the rising American dollar and President Donald Trump's "America first" attitude</li>
<li>If the predictions hold, revenues will be down 22% compared to 2019</li>
</ul>
The U.S. is on track to lose $12.5 billion in travel revenue this year, according to data from the World Travel &amp; Tourism Council shared with <a href="https://www.bloomberg.com/news/articles/2025-05-13/the-us-travel-economy-is-headed-for-a-12-billion-slump-this-year">Bloomberg</a>.&nbsp;
The estimate represents a 7% decline in visitor spending year over year, and a 22% decline from 2019, when tourism in the U.S. reached its peak. If the projection holds, traveler spending in the U.S. will fall below $169 billion by year end.
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According to the WTTC, the U.S. is the only country out of the 184 surveyed that is projected to lose tourism dollars this year.
"Other countries are really rolling out the welcome mat, and it feels like the US is putting up a ‘we are closed' sign at their doorway," WTTC CEO Julia Simpson told Bloomberg.&nbsp;
The consequences of this shift could be devastating for the economy, Simpson warns. According to data collected by the WTTC and Oxford Economics, direct and indirect tourism represents 9% of the American economy. In total, the sector employs around 20 million people and creates $585 billion in tax dollars each year, which amounts to about 7% of all tax revenues.&nbsp;
"The US travel and tourism sector is the biggest sector globally compared to any other country, worth almost $2.6 trillion," Simpson says. It's a "major mainstay of the U.S. economy."
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Some of the challenges the American tourism industry is facing are years in the making. For example, Simpson says restrictions from COVID-era travel lingered in the U.S. longer than they did in many other countries. Then the rising U.S. dollar started pricing people out, she told Bloomberg. These things kept visitors from places like Japan and Europe, countries who typically have a lot of tourists in the U.S., from making the trip.
Other challenges the industry faces are new and have seemingly sprung up overnight. Simpson says many travelers are now shifting their behaviors as a result of the "America first" rhetoric and policy.&nbsp;
"What we are seeing now is a sentiment shift that's really very sad," Simpson told Bloomberg. "Legislators need not confuse the tourism sector with issues around illegal immigration. A sophisticated system can balance both without turning [the country] into an island that no one wants to visit."
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The WTTC predicts that it will take until 2030 for tourism to bounce back to pre-pandemic levels. "The thing about tourism is it's extremely resilient," Simpson says. "If you push the right buttons, it will bounce back."
But it might be too little, too late. Simpson told Bloomberg that while the U.S. is making it more difficult to visit, every other country is making it easier. "India is gaining, the Middle East is gaining, China is gaining, Europe is doing quite well. It's only Americans that are being left behind and losing out," she said.
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Personal Finance

The US Could Lose $12.5 Billion In Travel Revenue In 2025 Due To Political Uncertainties

Former U.S. President Joe Biden has been diagnosed with an aggressive form of prostate cancer that has metastasized to his bones, as reported by Reuters on Sunday. 
What Happened: The diagnosis was made on Friday after Biden, 82, experienced urinary symptoms. He and his family are currently considering treatment options with medical professionals.
The cancer is described as hormone-sensitive, which allows for effective management, his office stated. Prostate cancers that have spread are classified as Stage 4, the most advanced stage. The&nbsp;Centers for Disease Control and&nbsp;Prevention notes that in 2021, 70% of prostate cancer cases were detected before spreading beyond the prostate.
Biden&#8217;s health has been under scrutiny during his presidency from 2021 to 2025. He ended his reelection campaign last July following a debate performance against&nbsp;Donald Trump&nbsp;that concerned Democrats. Trump expressed sympathy for Biden and his family on Truth Social.
Biden&#8217;s cancer scored a nine on the Gleason score, indicating a very high risk. Dr. Herbert Lepor from NYU Langone mentioned&nbsp;that many men can live&nbsp;five to 10 years and beyond with metastatic prostate cancer. Dr. Chris George from Northwestern Health Network stated that while the&nbsp;cancer is no longer curable&nbsp;once spread to the bones, treatments are available to control it.
President Donald Trump said on Truth Social Sunday that he and Melania were &#8220;saddened to hear about Joe Biden's recent medical diagnosis. We extend our warmest and best wishes to Jill and the family, and we wish Joe a fast and successful recovery.&#8221;
See Also: <a href="https://benzinga.com/markets/equities/25/05/45484990/voice-of-america-purge-trump-appointed-chief-fires-600-reporters-with-j-1-visa-face-deportation" target="_blank" rel="noreferrer noopener">Voice of America Purge? Trump-Appointed Chief Fires 600; Reporters With J-1 Visa Face Deportation</a>
Why It Matters Last year, Biden announced a substantial $240 million investment to combat cancer, enhancing the administration's <a href="https://www.benzinga.com/etfs/23/12/36101788/bidens-million-dollar-moonshot-240-million-is-a-boon-for-cancer-research-will-it-be-a-boost-for-phar">"Cancer Moonshot"</a> initiative. This funding, distributed through the Advanced Research Projects Agency for Health (ARPA-H), supports projects aimed at cancer prevention, detection, and treatment.
Additionally, Biden&#8217;s administration has been actively involved in healthcare cost reforms. In August, the Centers for Medicare and Medicaid Services revealed the first ten drugs <a href="https://www.benzinga.com/general/biotech/23/08/34087337/biden-targets-cancer-diabetes-drugs-in-controversial-medicare-price-battle-wants-to-cut-billions-">subject to price negotiations</a> under Biden&#8217;s Inflation Reduction Act. This move targets reducing the costs of cancer and diabetes drugs, among others, which accounted for a significant portion of prescription drug costs.
Photo Courtesy: OogImages On Shutterstock.com
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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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Joe Biden Diagnosed With Advanced Prostate Cancer, Trump Wishes Former President A 'Fast And Successful Recovery'

A viral Reddit <a href="https://www.reddit.com/r/MiddleClassFinance/comments/1klaciy/how_are_there_still_so_many_people_who_think_that/">post</a> in the r/MiddleClassFinance community recently sparked a passionate discussion about luxury cars and what they really say about someone&#8217;s finances.
The original post reads: &#8220;How are there still so many people who think that driving an expensive car means you&#8217;re rich these days? It&#8217;s common knowledge that anyone can <a href="https://www.benzinga.com/personal-finance/24/05/38555548/suze-orman-calls-car-leasing-the-biggest-waste-of-money-and-advises-to-buy-rather-than-lease">finance or lease a luxury car</a>, yet many still see it as a symbol of success.&#8221;
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<h2 class="wp-block-heading">Just Because You Drive a BMW Doesn&#8217;t Mean You&#8217;re Rich</h2>
One of the most repeated sentiments: owning a luxury car <a href="https://www.benzinga.com/personal-finance/25/05/45336111/warren-buffett-didnt-buy-a-new-car-for-years-heres-why-you-might-want-to-wait-even-with-looming-tariffs">doesn&#8217;t automatically mean</a> you&#8217;re wealthy. Many commenters pointed out that leasing or financing a high-end vehicle is accessible to many, regardless of their actual financial stability.
&#8220;I drive a BMW and I&#8217;m not rich nor bankrupt,&#8221; one user wrote. &#8220;It&#8217;s not hard to prioritize something that makes you happy.&#8221;
Another chimed in: &#8220;People spending 80-100k on a truck nowadays is mind-blowing.&#8221;&nbsp;
Several people shared personal stories about coworkers or friends who drive flashy cars while living paycheck to paycheck or renting apartments. Just because a bank says they&#8217;ll finance you doesn't mean it&#8217;s a good idea.
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<h2 class="wp-block-heading">The Quiet Reality of Wealth</h2>
On the flip side, others emphasized that many wealthy people purposely avoid looking rich.
&#8220;We have two paid-off Hondas, buy our kids&#8217; clothes at consignment sales, use our local buy-nothing group, and have a (much) higher net worth than everyone we know,&#8221; one user shared.
Another pointed out: &#8220;Costco clothes are for both rich and poor. I call it the final destination of fashion.&#8221;
And one popular quote summed it up: &#8220;Money talks; wealth whispers.&#8221;
<h2 class="wp-block-heading">Preferences vs. Posturing</h2>
Plenty of users agreed that it often comes down to personal values. Some love nice cars and are willing to sacrifice elsewhere in their budget. Others simply want reliable transportation and prefer to invest their money.
&#8220;I wear Costco clothes but drive high-end cars because I have been obsessed with cars since I was a kid,&#8221; one Redditor explained. &#8220;The only one I&#8217;m trying to impress is myself.&#8221;
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Another person, a lawyer married to a physician, said: &#8220;I could never finance a luxury vehicle. It&#8217;s not a question of being able to afford it.&#8221;
<h2 class="wp-block-heading">Debt Culture and &#8216;Status Spending&#8217;</h2>
Many pointed fingers at debt culture and the influence of social media and influencer lifestyles.
&#8220;EVERYONE I knew [in Miami] drove a leased base model BMW/Mercedes/Lexus that they parked at their parents&#8217; houses where they still lived in their childhood bedrooms with $10 in their bank accounts,&#8221; one commenter wrote.
&#8220;I have a $2,425 car payment,&#8221; said another. &#8220;I make $170,000 a year&#8230; and the car makes me feel like a million bucks every time I drive it.&#8221; Adding, &#8220;I already own a million-dollar home with $600,000 equity, so what the hell else am I going to spend my money on?&#8221;
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<h2 class="wp-block-heading">So, Who Actually Buys These Cars?</h2>
A cited <a href="https://hedgescompany.com/blog/2019/03/new-bmw-owner-demographics/">stat</a> from 2019 said the average household income of a new BMW 7-Series buyer was $184,170. Reactions were mixed. Some said that income could justify the purchase; others argued that even at that level, dropping $100,000 on a depreciating asset is a bad financial move.
&#8220;$184k is more than &#8216;decent money.&#8217; Not $100k car money, but it's more than triple the median income,&#8221; a user noted.
In the end, the debate circled back to a central idea: what someone drives or wears doesn&#8217;t always reflect their net worth. Sometimes it shows what they prioritize. Other times, it might just be debt in disguise.
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Someone Asks, Why Do People Still Equate Luxury Cars With Being Rich When 'It's Common Knowledge Anyone Can Finance Or Lease A Luxury Car'

A younger federal employee says he was wrongly assumed to be a <a href="https://www.benzinga.com/25/03/44186261/doge-staffers-reportedly-draw-hefty-salaries-funded-by-taxpayers-while-musk-pushes-for-wasteful-spending-cuts">Department of Government Efficiency operative</a> after returning to the office following remote work, and it resulted in weeks of isolation, awkward interactions and straight-up hostility.
<h2 class="wp-block-heading">Mistrust in the Office</h2>
&#8220;From the day I started coming in, I've been feeling out of place,&#8221; wrote the employee on <a href="https://www.reddit.com/r/fednews/comments/1klkrkz/my_coworkers_think_im_doge/">Reddit</a>. &#8220;I receive mean looks, conversations straight-up dying when I walk by&#8230; or even just ignoring me when I say &#8216;Hi&#8217;.&#8221;
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The post, which gained thousands of upvotes and sparked hundreds of replies, hit a nerve with federal workers across multiple agencies. The central issue? <a href="https://www.benzinga.com/politics/25/04/44683851/elon-musks-secretive-doge-team-using-ai-and-disappearing-messages-to-monitor-federal-workers-for-anti-trump-sentiment-bypassing-records-laws-and-locking-out-agencies-report">Growing suspicion</a> around DOGE — a much-discussed, loosely defined internal enforcement body reportedly tied to layoffs and oversight during the return-to-office push.
The OP explained that he had only recently started working in the office after remote onboarding. &#8220;I finally managed to strike up a conversation with someone,&#8221; he said, &#8220;and before we got friendly, he kind of checked me — asked what office I was with and all that.&#8221;
When the coworker realized OP was just a regular federal employee and not with DOGE, things changed quickly: &#8220;After that, he was super cool and even told me his team had been talking about me a lot because they thought I was a DOGE plant.&#8221;
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<h2 class="wp-block-heading">Everyone Is on Edge</h2>
Once the misunderstanding was cleared up on his floor, he started getting smiles instead of suspicion. But that goodwill hasn&#8217;t reached other parts of the building: &#8220;As for the other floors? I doubt they interact with this guy enough to know.&#8221;
The story resonated with hundreds who replied with similar experiences or office-wide paranoia. One user wrote, &#8220;My office is probably much much smaller than yours, but my supervisor tends to send out emails with name, picture, and a little blurb about new staff. Not just new feds, but new faces in general to just make it less weird.&#8221;
Others joked that OP should lean into it: &#8220;I&#8217;d get a &#8216;Hi my name is&#8217; sticker and fill in &#8216;NOT DOGE&#8217;,&#8221; one commenter suggested. Another said, &#8220;This is exactly what DOGE would do.&#8221;
The topic triggered a larger conversation about the distrust plaguing federal workplaces in the current political climate. &#8220;People are super paranoid now,&#8221; wrote one user. Another added, &#8220;This is how it was in Nazi Germany and Stalin Russia&#8230; people turning each other in to protect themselves.&#8221;
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<h2 class="wp-block-heading">Fear, Paranoia and Office Culture</h2>
According to Reddit comments, suspicion toward new hires, especially younger ones, has been growing. Many said appearance matters more than it should: dressing too formally, smiling too much or simply being unfamiliar could result in cold shoulders. &#8220;If you look too young and preppy/WASP-y&#8230; you might inadvertently give off that impression,&#8221; one commenter said.
The OP admitted he dresses well because his father taught him to, but said he might consider &#8220;reading the room&#8221; more. Still, he maintained that he shouldn&#8217;t have to change who he is to be treated with basic respect.
&#8220;Just because you&#8217;re paranoid doesn&#8217;t mean you have to sh&#x2A;t on other feds,&#8221; he wrote in an edit. &#8220;I shouldn&#8217;t be treated as other just because I am young and in government.&#8221;
Others agreed, blaming the administration for creating an atmosphere of fear. &#8220;They want the kind of environments where coworkers don't trust each other&#8230; instead of cooperate and band together to weather the storm,&#8221; one person commented.
For now, OP is trying to laugh about the whole thing. &#8220;What if DOGE are the friends we made along the way?&#8221; he joked.
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'My Coworkers Think I'm DOGE'—A Federal Worker Says, 'I Receive Mean Looks And Conversations Are Straight-Up Dying When I Walk By'

Most parents would be thrilled if their 23-year-old had already stacked a quarter of a million dollars in investments. Not this mom.
Julie, a listener of "Suze Orman's Women &amp; Money" podcast", <a href="https://www.suzeorman.com/blog/Podcast-Episode-Ask-KT-Suze-Anything-Is-My-Daughter-a-Miser">wrote in with a dilemma</a> that had both Suze and her cohost KT raising eyebrows—and laughing a little too.
"Have we created a monster?" Julie asked, in what Suze Orman called one of the best subject lines they'd seen.
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Julie and her husband, who've lived below their means for decades and now boast a net worth of over $6 million, made it their mission to teach their kids how to save and invest early. And it worked—almost too well. Their 23-year-old daughter, a full-time grad student, already has over $250,000 saved in a Roth IRA and non-retirement investment accounts.
How? "She has accumulated this through jobs she's had for years, as well as our annual gift of a match to what she <a href="https://www.benzinga.com/personal-finance/24/11/41991146/suze-orman-says-this-investment-can-make-your-kids-rich-by-retirement-you-have-a-golden-opportunity-to-launch-them-to-their-first-million">contributes to her Roth</a>," Julie explained.
But here's the problem: their daughter refuses to spend money on, well… anything.
"In my opinion, she has a toxic attitude towards money," the mom wrote. "She constantly says she cannot afford things and never offers to pay for anything when she's on a date with her boyfriend or when she's with friends or family."
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Julie added that while her daughter studies hard and is always hustling to earn more, she's also become what she calls "miserly."
Cue co-host KT's reaction: "Mom thinks her daughter's a miser," she said, laughing. But KT didn't see anything wrong with a <a href="https://www.benzinga.com/personal-finance/25/05/45306698/will-i-have-more-money-in-the-long-run-by-taking-out-student-loans-instead-of-paying-cash-suze-orman-weighs-in">23-year-old who's obsessed with saving</a>. "I wouldn't do a thing, mom," she added. "Any kid that's 23 that wants to work and earn money and save money and accumulate money is a good thing."
Orman, however, wasn't ready to let the daughter completely off the hook. "Mom's saying she's miserly because she never pays for anything because she doesn't think she can afford it," she clarified.
Still, Orman made it crystal clear that this kind of saving habit is not a red flag—it's a financial flex.
"These are her compounding years," she said. "For every dollar she saves over the next 40 years, when she's in her 60s, it's going to multiply so much because of compounding… She's on the path to being far wealthier than both you and your husband."
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So what should parents do when their daughter's on the fast track to millionaire status but won't split a dinner bill?
Orman suggested one tactical move: stop matching her Roth IRA contributions.
"She has enough," she said. "You can simply say, ‘You're doing so great, we're not going to match you anymore. You're on your own.'" It's not about punishing her—it's about letting her feel the <a href="https://www.benzinga.com/money/are-you-rich">difference between earned money and gifted money.</a> "Let's just see what that does to her," she added.
As for the boyfriend footing the bill? "Let them decide that between themselves," Orman added. "But you have not created a monster. You've created a money maven, if you ask me."
Bottom line: <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">Teaching your kids to save</a> might just work better than expected—but don't be surprised when frugality shows up at the dinner table.
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Mom Asks Suze Orman: 'Did We Create A Monster?' 23-Year-Old Daughter Has $250K Saved But Refuses To Pay For Dates Or Family Outings

A new Republican tax proposal backed by President Donald Trump and Sen. Ted Cruz (R-TX) could give every newborn in the U.S. a head start with a $1,000 investment account.
<h2 class="wp-block-heading">What Are MAGA Accounts?</h2>
The accounts are called &#8220;MAGA Accounts,&#8221; short for &#8220;money account for growth and advancement.&#8221; While the name echoes Trump's famous campaign slogan, the idea came from Cruz, who spent over a year promoting the concept inside the GOP and who initially used the name "Invest America."
"You can call it anything you like,&#8221; Cruz told <a href="https://www.semafor.com/article/05/12/2025/the-new-republican-maga-account-has-a-surprising-architect-ted-cruz">Semafor</a> on Monday. &#8220;What is powerful is enabling every child in America to have an <a href="https://www.benzinga.com/money/best-investment-accounts-for-kids">investment account</a> and a stake in the American free enterprise system.&#8221;
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Under the proposal, the federal government would contribute $1,000 to an account for every baby born between 2025 and 2028. Families, friends, and even employers could contribute up to $5,000 each year. Children wouldn't be able to access the funds until they turn 18, and the money would accumulate interest.
Cruz said the goal is to help more Americans benefit from the <a href="https://www.benzinga.com/general/market-summary/25/05/45399940/warren-buffett-shows-how-patience-pays-98-of-his-160-billion-wealth-came-after-turning-65-thanks-the-power-of-compound-interest">power of compound interest</a> and grow up with a financial stake in the economy. "This will give everyone a stake," he said. &#8220;When every child has invested, it's no longer an abstract idea.&#8221;
<h2 class="wp-block-heading">Trump's Imprint</h2>
The MAGA accounts are part of a much larger piece of legislation dubbed &#8220;THE ONE, BIG, BEAUTIFUL BILL&#8221; — in all capital letters. Trump used the phrase on <a href="https://truthsocial.com/@realDonaldTrump/posts/114495946485549840">Truth Social</a>, writing, &#8220;The Bill is GREAT.&#8221;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
The <a href="https://waysandmeans.house.gov/wp-content/uploads/2025/05/SMITMO_017_xml.pdf">bill</a> includes around $4.9 trillion in tax cuts and aims to follow through on Trump's campaign promises. It includes breaks for tipped and overtime workers, retirement-age Americans, and new taxes on private university endowments. It also includes significant cuts to programs like Medicaid, food stamps, and clean energy initiatives.
<h2 class="wp-block-heading">Cruz vs. &#8216;Baby Bonds&#8217;</h2>
Cruz emphasized that the MAGA accounts are different from Democratic &#8220;baby bond&#8221; proposals, which are more restrictive and don't allow private market investments. &#8220;That is just a government program,&#8221; Cruz said. &#8220;This is very much designed to get the next generation to invest in the market.&#8221;
Business leaders appear to be on board. Investor Brad Gerstner told <a href="https://www.youtube.com/watch?v=XpWyUqBYJfA">CNBC</a> on May 5 that companies like Uber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), Dell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) are already interested in contributing to their employees&#8217; children's accounts. &#8220;You will have an account in the S&amp;P 500 that&#8217;s worth upwards of $50,000 to $60,000. It changes the game by getting everybody. This is the president&#8217;s Main Street agenda.&#8221;
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">What's Next?</h2>
House Speaker Mike Johnson (R-LA) is pushing for passage by Memorial Day. If it clears the House, the Senate is expected to make revisions.
Meanwhile, Democrats have slammed the broader bill, especially the proposed Medicaid cuts. Sen. Dick Durbin (D-IL) told Semafor, "Even a stopped watch is right twice a day,&#8221; giving faint praise to Cruz's MAGA account idea while criticizing the rest of the GOP proposal.
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Image: Shutterstock

DELL

ORCL

UBER

'The One, Big, Beautiful Bill' Would Create 'MAGA' Savings Accounts—With A $1,000 Gift From The Government At Birth

Press Releases

Ivanhoe Electric Announces Selection of Fluor Enterprises Inc. as the Principal Lead for the Santa Cruz Copper Project Preliminary Feasibility Study

Ivanhoe Electric Clarifies Certain Misleading Media Headlines Regarding Its Recent Registration Statement Filing

Global Copper Market Expected to Reach $548 Billion By 2034 as Bullish Sentiment is Projected Long Term

Ivanhoe Electric Secures 100% Ownership of Mineral Rights at its Santa Cruz Copper Project with Final Option Payment

Ivanhoe Electric and Ma'aden Joint Venture Commences Drilling Activities in Saudi Arabia

Brixton Metals Provides Results from Ivanhoe Electric's 2024 Drilling at the Hog Heaven Project, Montana, USA

XtremeX Mining Technology Announces Plans for First Deployment of Its Revolutionary Mineral Drilling Rig with Ivanhoe Electric Following an $11M Series-A Financing Led by GoGreen Partners

BBBXF

CPFXF

TSX:IE

TSX:PD

TSX:WRN

TSXV:BBB

TSXV:CUU

American Battery Technology Company - Common Stock

American Battery Tech

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares)

BHP Group

Compass Minerals Intl

Critical Metals

Contango Ore

5E Advanced Materials, Inc. - Common Stock

5E Advanced Materials

Ferroglobe

Idaho Strategic Resources, Inc. Common Stock

Idaho Strategic Resources

Ioneer

Snow Lake Resources

MP Materials

Materion

Nexa Res

Nova Minerals Limited - American Depositary Shares

Nova Minerals

Piedmont Lithium

TMC the metals company Inc. - Common Stock

TMC The Metals Co

United States Antimony Corporation Common Stock

United States Antimony

USA Rare Earth

U.S. Gold

US Goldmining

Solitario Resources

JP Morgan

Scotiabank

Jefferies

BMO Capital

Raymond James

2024년 5월 29일 주요 뉴스:
1. BHP(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>)가 앵글로 아메리칸(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>)의 500억 달러 규모의 인수 입찰을 마무리하기 위해 본래 수요일 오후 4:00 GMT로 예정된 기한 이후에 더 많은 시간을 요청했다.
원래 5월 22일 기한을 연장한 후 BHP는 추가 시간이 필요한 이유로 거래의 복잡한 구조를 언급했다.
이 회사는 독점금지나 규제 문제로 인해 합병이 중단될 경우 중단 수수료를 제시하기도 했다.
이 협상은 남아프리카공화국의 자산, 현지 소유권, 고용 안정 문제로 인해 어려움을 겪고 있다.
BHP는 앵글로의 요하네스버그 사무소에서 현재 고용 수준을 유지하고 증가된 직원 소유 비용을 공유하는 등 남아프리카공화국에 대해 약속을 했다.
2. 골드마이닝(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDG#NYSE">GLDG</a>)은 브라질 파라 주에 있는 자사가 100% 소유한 사오 조지(São Jorge) 금 프로젝트에서 드릴링 작업을 시작했습니다. 이 프로젝트는 타파조 골드 지구(Tapajos Gold District)의 45,997헥타르에 걸쳐 진행된다.
이 드릴링 프로그램에는 1,000m의 다이아몬드 코어 드릴링과 3,000m의 파워 오거 드릴링이 포함된다.
목표는 기존 매장지에서 고품위의 광물을 확인하고 변동성이 높은 지대를 따라 새로운 목표를 탐색하는 것이다.
이 프로그램은 또한 12km x 7km 지역 내에서 지구화학적 이상 현상의 기반암 원인을 식별하는 것을 목표로 한다
3. 아이반호 일렉트릭(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>)은 애리조나의 산타 크루즈(Santa Cruz) 구리 프로젝트에 대한 업데이트를 제공했다.
회장 로버트 프리드랜드(Robert Friedland)와 CEO 테일러 멜빈(Taylor Melvin)은 광물 자원 및 광산 엔지니어링을 담당하는 BBA USA와 함께 예비 타당성 조사(PFS)의 수석 컨설턴트로 플로어 엔터프라이즈(Fluor Enterprises)를 선정했다고 발표했다.
이번 이정표는 2025년 2분기까지 PFS를 완료하는 것을 목표로 하는 고품위 지하 구리 프로젝트를 진행하고 있다.
4. 맥이웬 마이닝(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>)은 탐사 시추 및 지하 접근 램프에 중점을 두고 온타리오주 폭스 컴플렉스(Fox Complex)의 탐사 및 개발 자금을 지원하기 위해 2,200만 달러의 공공 자금 조달을 발표했다.
이 자금 조달은 캐나다 탐사 비용을 위한 유동 지분 1,000만 달러와 캐나다 개발 비용(Canadian Development Expenses)을 위한 유동 지분 1,200만 달러로 구성된다.
1,533,000주의 공모는 관례적인 승인을 기다리는 동안 6월 14일에 완료될 것으로 예상된다.
이번 공모의 순 수입은 2,090만 달러로 예상한다.
이미지가 인공지능을 이용하여 Midjourney를 통해 생성되었습니다.

2024년 5월 8일 주요뉴스
1. U.S. 골드(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USAU#NYSE">USAU</a>)은 자회사인 골드킹(Gold King)이 와이오밍주 환경부로부터 표면 <a href="https://www.benzinga.com/news/24/05/38697396/u-s-gold-corp-announced-that-its-wholly-owned-subsidiary-has-been-issued-its-surface-gold-mine-permi" target="_blank" rel="noopener">금광 채굴 허가</a>를 받아 프로젝트 개발에 한발 더 다가섰다고 발표했다.
조지 비(George Bee) 사장은 주요 규제 장애물의 해소와 최종 개발 승인 획득을 위한 진행 중인 상황을 강조했다.
광산 운영 허가를 위한 나머지 조건에는 5,010,000달러의 매립 채권 승인, WYPDES 및 AQD 허가 획득 및 이에 따라 승인된 광산 계획 업데이트가 포함된다.
지불해야 할 나머지 조건들은 501만 달러의 명반 보증금 승인, WYPDES 및 AQD 허가 습득, 그리고 이에 따른 채광 계획 승인 갱신 등이다.
2. 아이반호 일렉트릭(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>)은 BHP의(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) 자회사와 애리조나, 뉴멕시코 및 유타의 광업 프로젝트를 합동 탐사 및 개발하는 데 있어 3년간의 탐사 제휴 계약을 체결했다.
BHP는 1,500만 달러의 초기 자금을 제공하며, 그 후의 투자는 동일하게 분할된다.
이 계약에 따라 아이반호 일렉트릭은 핵심 광물 탐사 효율을 높이기 위해 머신러닝 소프트웨어와 고급 지진 측정 기술을 기여한다.
이번 계약에 따라 아이반호 일렉트릭은 고급 지구물리학 조사 기술과 기계 학습 소프트웨어를 제공하여 중요한 광물 매장지를 식별하고 탐사 효율성을 향상시킬 것이다.
이번 동맹의 목표는 두 회사의 자원과 전문 지식을 활용하여 에너지 전환과 기술 발전에 필수적인 광물에 대한 수요 증가를 활용하는 것입니다.
이 제휴의 목적은 에너지 전환 및 기술 발전에 중요한 광물에 대한 수요가 증가함에 따라 두 회사의 자원과 경험을 활용하는 것이다.
또 읽기: <a href="https://www.benzinga.com/markets/commodities/24/05/38680978/uranium-executives-anticipated-russian-nuclear-fuel-ban-despite-senate-delay">우라늄 경영진은 상원 지연에도 불구하고 러시아 핵연료 금지를 예상</a>
3. 컴퍼스 미네랄스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>)는 회계연도 2분기 결과와 연간 약 2,500만 달러를 절약하기 위해 배당금을 중단하는 등 현금 유동성을 개선하고 부채를 줄이기 위한 세부 계획을 발표했다.
이러한 조치는 온화한 겨울과 난연 사업의 어려움으로 인해 촉발되었다.
이 회사는 고드리치(Goderich) 광산의 생산량과 재고를 줄이고 기업 인력을 감축하며 운영 효율성과 재무 성과 향상을 목표로 하는 비용 절감 및 거버넌스 조치를 시행할 예정이다.
4. 아이다호 스트래티직 리소시스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDR#NYSE">IDR</a>)는 칼레이도스(Kaleidos) 용융 방지 마이크로리액터를 잠재적으로 가동하기 위해 래디언트 인더스트리(Radiant Industries)와 구속력 없는 양해각서를 체결했다.
칼레이도스는 원격 지역의 청정하고 효율적인 전력을 공급하도록 설계된 제품으로, 연료 보충이 필요하기 전까지 5년간 운영이 가능하다.
이제 읽기: <a href="https://www.benzinga.com/news/24/05/38676813/future-of-deep-sea-mining-might-rest-on-international-seabed-authority-leadership-election">심해 채굴의 미래는 국제해저기구 지도부 선거에 달려 있다.</a>
Benzinga Mining은 광업 기업과 소매 투자자 사이의 다리 역할을 합니다. Benzinga 커뮤니티와 연결하려면 <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> 으로 연락하세요!
사진: 셔터스톡

2024년 4월 2일의 주요 광업 뉴스:
1. 일본제철(Nippon Steel)이 미국의 US 스틸(United States Steel)을 인수하기 위한 141억 달러의 입찰을 지원하는 데 대해서 미국 철강노조(United Steelworkers)에 대해 공식 약속을 했다.
이 약속에는 14억 달러의 자본 지출과 2026년까지 적어도 해고가 없다는 보장이 포함되어 있으며, 이들은 이에 대해 반대를 지속해 온 밥 케이시 (D-PA) 상원의원과 존 페터만 (D-PA) 상원의원에게 발신한 편지에 상세히 기재됐다.
미국 대통령 조 바이든 (Joe Biden)이 반대를 표명하고 있고, 미국 철강 산업의 소유권에 대한 우려가 컸지만, 닛폰 철강의 새로운 사장은 이 인수를 진행하기로 결심했다. 이에 따라 미국의 철강 산업을 활성화시키고 미 철강노조 노동자들과의 협력 관계를 유지할 것을 약속했다.
2. 이반호 일렉트릭 (Ivanhoe Electric) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IE#NYSE">IE</a>)은 몬태나주 호그 헤븐(Hog Heaven) 프로젝트에서 중요한 구리 탐사 결과를 발표했다. 이에 대해 회장 로버트 프리들랜드 (Robert Friedland)는 이 발견의 잠재력과 지속적인 탐사에 대한 약속을 강조했다.
이 회사는 최근 탐사 결과가 고순도의 구리 풍부 지역을 나타냈다고 결과를 보고했다. HHD-014 탐사는 광범위한 구리, 금 및 은 광물을 보여주는 성과를 나타냈으며, 이는 넓은 황화물 광물의 분포를 나타내며 유망한 형태계 시스템을 시사한다.
이 탐사 결과에는 0.63%의 구리를 함유한 82m 구간과 5.78%까지의 구리 함유한 고품위 지역을 포함하고 있으며, 이는 중요한 발견의 가능성을 보여주고 있다.
여러 방향으로 열려 있는 광물화는 타이푼(Typhoon) 조사 결과에 따라 반암 근원을 찾으려는 지속적인 노력을 강조한다.
3. 철광석 가격은 상승하고 있으며 이는 <a href="https://www.benzinga.com/markets/equities/24/04/38030102/miners-cheer-as-chinas-manufacturers-continue-to-increase-pace">중국의 산업 경기 회복에 대한 낙관론</a>을 반영한 것이며, 이는 중국의 제조업 활동의 증가로 나타났다.
싱가포르 58% 철광석 선물 및 대련 거래소 선물은 모두 3.8% 상승했으나, 철광석 CME 선물은 0.3% 하락했다.
이번 상승의 배경은 중국의 긍정적인 구매관리자 지수 (PMI) 자료였다. 이번 자료는 중국 및 해외의 새로운 주문을 촉진시키고 생산량 및 원자재 구매를 높인 제조업의 5개월 연속적인 성장을 나타냈다.
3월 중국 차이신(Caixin) PMI 지수는 51.1로 상승하며 공급, 수요 및 사업자의 낙관론도 함께 증가했다.
4. 릴라이언스 (Reliance, Inc.) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>)가 북미 OEM 장비 제조에 중점을 두고 고강도 열간압연, 코팅 및 냉간압연 강판과 같은 제품을 제공하는 오하이오 소재 철강 서비스 센터인 미드웨스트 매터리얼즈 (Mid-West Materials)를 인수했다.
2023년 12월까지 미드웨스트의 연간 매출은 8700만달러였다.
이번 거래에 대한 자세한 내용은 공유되지 않았으며 미드웨스트 매터리얼즈 (MidWest Materials) 경영진 팀은 그대로 유지될 예정이다.
이번 인수는 사업 확장의 일환으로 이루어진 것으로 보인다.
Benzinga Mining은 채굴 기업과 개인 투자자 사이의 연결다리 역할을 합니다. <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a>으로 연락하여 Benzinga 커뮤니티와 연결하세요!

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Ivanhoe Electric

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