Lifecore Biomedical 주식 (NASDAQ: LFCR)

Lifecore Biomedical (NASDAQ:LFCR) 주식

Lifecore Biomedical

Lifecore Biomedical Inc is a fully integrated contract development and manufacturing organization (CDMO) that offers differentiated capabilities in the development, filling, and finishing of complex sterile injectable pharmaceutical products in syringes and vials. It manufactures injectable-grade Hyaluronic Acid. Lifecore recognizes revenue in two different product categories, CDMO and fermentation.

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LFCR

SPSC

미국 주식 선물이 금요일 아침 (현지 시간 기준) 상승하고 있는 가운데, 오늘 투자자들의 관심을 끌 수 있는 주식들은 다음과 같다: 진디엑스 홀딩스(NASDAQ:WGS)는 브라이언 디카이로(Bryan Dechairo)를 COO로 임명했다고 발표했다. 진디엑스 주식은 애프터 마켓에서 2.7% 하락하여 $77.46에 거래되었다.

금요일 주목해야 할 주식: 리소스 커넥션, SPS 커머스, 라이프코어, 진디엑스 및 UDR

Nio Photo by Sundry Photography on Shutterstock

XPEV

목요일 아침 (현지 시간 기준) 미국 주식 선물이 상승함에 따라, 오늘 투자자들의 관심을 끌 수 있는 주식들은 다음과 같다: 월스트리트는 리소스 커넥션(NASDAQ:RGP)이 시장 마감 후에 1억 3,702만 달러의 매출을 보고할 것으로 예상하고 있다. 이에 따라 리소스 커넥션 주식은 시간외 거래에서 2% 상승한 8.70달러로 거래되었다.

목요일 주목해야 할 주식: 니오, 리 오토, 리소스 커넥션, 샤오펑 및 라이프코어 바이오메디컬

Market,Sentiment,,Fear,And,Greed,Index,,Emotional,On,Stock,Market

NVDA

CNN 머니 공포와 탐욕 지수가 전체 공포 수준이 약간 완화되었음을 보여주었지만, 이 지수는 화요일에 여전히 &#34;공포&#34; 구역에 머물렀다. 미국 주식은 화요일에 하락세로 마감했으며, 나스닥 종합지수는 세션 중 약 175포인트 하락했다.

2024년 S&amp;P 500 지수 23% 급등, 그러나 탐욕 지수는 &#39;공포&#39; 지역에 머물러

Lifecore Biomedical Inc

When most people imagine the average American's wealth, <a href="https://www.benzinga.com/25/01/43174989/is-your-401k-balance-above-average-find-out-if-youre-beating-most-savers-2">they picture 401(k)s</a>, mutual funds, maybe a pile of cash stashed in a bank account. But if you dig into the data, it turns out the biggest piece of the pie is something you drive by every day: a house.
According to the <a href="https://www.federalreserve.gov/publications/files/scf23.pdf">Federal Reserve's 2022 Survey of Consumer Finances</a> — the most recent data available — primary residences make up 30% of the average American household's total net worth. That's right. The roof over your head often holds more weight in a family's finances than any stock ticker ever could.
The report, which surveys thousands of households across income brackets and age groups every three years, gives a unique look into what the typical American portfolio really looks like.
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<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
</ul>
Here's how the rest of it breaks down:
Retirement accounts like <a href="https://www.benzinga.com/personal-finance/management/25/06/45825806/is-your-retirement-nest-egg-above-average-heres-what-people-have-in-their-401k-and-ira-at-each-age">401(k)s and IRAs come next</a>, accounting for 25% of household wealth. It's the kind of savings most people don't touch until they're older, but for many, it's their biggest long-term bet.
Public equities and mutual funds make up 15% of net worth. These are the traditional stock market investments — the kind you'd expect to see topping the list. But for most households, it's just a slice of the pie, not the main course.
Private business ownership or equity stakes account for 12%, though this is more common among wealthier households and small business owners. It's a high-risk, high-reward category — one that can heavily tilt net worth upward or downward depending on success.
Trending: 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;
Other real estate, <a href="https://www.benzinga.com/markets/25/06/45951931/renters-flood-the-new-jersey-suburbs-the-garden-state-has-more-tenants-than-any-other-state-as-home">including rental properties </a>and vacation homes, makes up 10%. Not everyone is in the landlord game, but those who are tend to diversify here.
Cash and deposits — the checking, savings, and emergency funds — only make up 5% of household wealth on average. It's enough to pay bills, but hardly the driver of long-term financial growth.
And finally, "other" assets like vehicles, collectibles, and miscellaneous valuables total just 3%. While they might feel like assets in the garage or attic, they don't move the needle much on paper.
So why does this matter?
Because the way wealth is held in America isn't just <a href="https://www.benzinga.com/money/smartasset">about the number in your retirement account</a> — it's about where your money lives. And for most households, that's still in real estate. It's a reminder that while investing is important, owning a home is still the biggest building block of wealth for everyday Americans.
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<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
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Image: Shutterstock

Personal Finance

Can You Guess What Single Asset Makes Up 30% Of The Average American's Portfolio? It's Not a 401(k)

Having knowledge of unique sectors and niches may help provide answers to others exploring topics in that area. A unique knowledge of antiques helped Nora Curl turn <a href="https://www.benzinga.com/real-estate/25/06/45831855/gen-z-turns-to-siblings-and-side-hustles-to-afford-homes-amid-soaring-prices">her side hustle </a>into a full-time job.
&#8220;On weekends, I would go to auction houses, museums, junk stores with friends and just kind of treasure hunt,&#8221; Curl told&nbsp;<a href="https://www.cnbc.com/2023/12/18/antique-appraiser-nora-curl-makes-an-average-10k-a-month-on-justanswer-her-advice.html" target="_blank" rel="noreferrer noopener">CNBC</a>&nbsp;of her time working in Hollywood in the 1990s.
Curl, who was able to identify rare valuables while exploring, got a degree in connoisseurship in fine and decorative arts in 2002. She then moved to New York to explore the sector.
After earning her degree, Curl ended up working at magazines, and antique storage companies, as well as assisting an artist.
By 2012, she moved back home to Pennsylvania to help care for her ailing mother. While there, Curl applied for a job with&nbsp;JustAnswer, an advice site where users pay a monthly fee for expert advice.
Curl now works on the site full-time. In 2022, Curl made $124,000, averaging around $10,000 per month.
Related Link:&nbsp;<a href="https://www.benzinga.com/news/23/12/36223545/anyone-can-start-this-side-hustle-that-brings-in-up-to-20k-a-month" target="_blank" rel="noreferrer noopener">‘Anyone' Can Start This Side Hustle That Brings In Up To 20K A Month</a>
Advice From The Antiques Expert
Curl believes that anyone who has the drive and determination can build an online career.
Curl offers two main points of advice for those interested.
The entrepreneur says that people should &#8220;invest in yourself.&#8221;
Curl continues to expand her knowledge of antiques so she can be a trusted voice on JustAnswer. She's compliant with the Uniform Standards of Professional Appraisal Practice (USPAP), which came from a 15-hour course. She also became an accredited member of the International Society of Appraisers.
Curl's monetary and time investments help her stand out with designations. It has also led to other income options outside the site.
&#8220;It took a lot of examinations, a lot of courses, and a lot of writing,&#8221; Curl said.
Curl advises entrepreneurs to look for additional revenue streams. JustAnswer is "not guaranteed income," she says.
Curl also appraises items in person. Off of JustAnswer, she charges $175 an hour and $1.25 per mile for travel. Some official written appraisals could take hours to complete and earn her thousands of dollars.
There are lots of ways to make extra income or transition into a new job that could involve working fewer hours, or other&nbsp;<a href="https://www.benzinga.com/money/how-to-make-money" target="_blank" rel="noreferrer noopener">non-traditional methods.</a>
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<li><a href="https://www.benzinga.com/25/03/44539746/31-of-u-s-workers-have-a-side-hustle-but-which-professions-are-the-most-likely-to-take-on-side-gigs">31% Of U.S. Workers Have A Side Hustle &#8211; But Which Professions Are The Most Likely To Take On Side Gigs?</a></li>
</ul>
This story is part of a series of features on the subject of success,<a href="https://www.benzinga.com/topic/benzinga-inspire" target="_blank" rel="noreferrer noopener">&nbsp;Benzinga Inspire.</a>
This article was previously published by Benzinga and has been updated.
Photo: Shutterstock

Entrepreneurship

Success Stories

This Woman's Eye For Hidden Treasures Now Earns Her $10K A Month

In the wake of President Donald Trump&#8216;s disclosure of U.S. airstrikes on three Iranian nuclear facilities, Rep. Marjorie Taylor Greene (R-Ga.) has called on Americans to pray for protection from potential terrorist attacks.
What Happened: In a post on X, she urged Americans to &#8220;unite&nbsp;and pray for the safety&nbsp;of our U.S. troops and&nbsp;Americans in the Middle East.&#8221; Greene also called for prayers for the U.S. to avoid terrorist attacks, citing the open border over the past four years and the entry of over 2 million &#8220;gotaways.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Let us join together and pray for the safety of our U.S. troops and Americans in the Middle East. &#x1f64f; Let us pray that we are not attacked by terrorists on our homeland after our border was open for the past 4 years and over 2 Million gotaways came in.&#x1f64f; Let us pray for peace.…
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1936595045215527336?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
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The President&#8217;s announcement, made&nbsp;at 7:50 pm on Saturday, detailed the successful strikes on three Iranian nuclear sites, namely Fordow, Natanz, and Esfahan. He applauded &#8220;our great American Warriors&#8221; and expressed hopes for peace.
Greene, a staunch Trump ally, has been an outspoken critic of U.S. involvement in the Israel-Iran conflict. She has consistently voted against pro-Israel bills in the House and has publicly voiced her dissatisfaction with the hawkish faction of the GOP.
Als<a href="https://www.benzinga.com/news/politics/25/06/46043305/donald-trump-announces-spectacular-military-success-as-us-strikes-key-iranian-nuclear-sites">o Read: Donald Trump Announces &#8216;Spectacular Military Success&#8217; As US Strikes Key Iranian Nuclear Sites</a>
Greene had earlier campaigned against foreign wars and expressed her disapproval of bombing foreign nations on behalf of others, particularly those possessing&nbsp;their own nuclear weapons and&nbsp;significant military power.
Why It Matters: Greene&#8217;s response to Trump&#8217;s announcement underscores her long-standing stance against U.S. intervention in foreign conflicts. Her call for prayers highlights the potential risks associated with such military actions, including the threat of retaliatory terrorist attacks. 
Her reference to the open border and the entry of &#8220;gotaways&#8221; suggests a link between immigration policy and national security, a contentious issue that continues to divide lawmakers. 
The response also reflects the ongoing debate within the GOP about the U.S.&#8217;s role in international conflicts, particularly in the Middle East.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/46042298/trump-publicly-contradicts-dni-gabbards-claim-that-iran-lacks-nuclear-capabilities-shes-wrong" target="_blank" rel="noreferrer noopener">Trump Publicly Contradicts DNI Gabbard's Claim That Iran Lacks Nuclear Capabilities: ‘She's Wrong'</a>
Image: Shutterstock/lev radin

Marjorie Taylor Greene's Response To Trump Bombing Iran: 'Let Us Pray That We Are Not Attacked By Terrorists On Our Homeland'

Billionaire and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk argued in March that if a commercial company operated like the U.S. federal government, it &#8220;would go immediately bankrupt.&#8221; But economist and former U.S. Labor Secretary Robert Reich says that&#8217;s exactly the point—the government isn&#8217;t a business and shouldn&#8217;t be run like one.
<h2 class="wp-block-heading">Government Is About People, Not Profits</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Musk: If a commercial company operated the way the federal government does, then it would be &#8212; immediately go bankrupt. It would be delisted. The officers would be arrested <a href="https://t.co/UECpw8XgIX">pic.twitter.com/UECpw8XgIX</a>
&mdash; Acyn (@Acyn) <a href="https://twitter.com/Acyn/status/1905389742218432871?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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</ul>
&#8220;Let me make it clear. Government should <a href="https://www.benzinga.com/news/25/05/45338281/trump-has-a-proven-track-record-of-being-an-absolute-failure-says-gov-tim-walz-we-dont-need-to-run-government-like-a-business">not be run like a business</a>,&#8221; Reich said in a recent YouTube <a href="https://www.youtube.com/watch?v=hqn1uD_B70U">video</a>. While he agrees that no one wants their tax dollars wasted and supports cutting government waste, he warned that it must be done carefully — &#8220;with a scalpel, not a chainsaw.&#8221;
Reich explained that businesses are focused on profit. &#8220;Corporations like McDonald&#8217;s and Walmart, they don&#8217;t exist for the public good. They exist to maximize their shareholder returns,&#8221; he said. <a href="https://www.benzinga.com/personal-finance/25/05/45184462/yeah-no-its-low-wages-a-worker-responds-to-whether-the-skilled-labor-shortage-is-just-because-everyone-was-told-to-go-to-college">That often means low wages</a> and minimal benefits for workers, many of whom rely on taxpayer-funded programs like food stamps and Medicaid to make ends meet.
&#8220;Do you know what it means when somebody pays you minimum wage? It&#8217;s like, &#8216;Hey, if I could pay you less, I would,'&#8221; Reich said, reflecting on his time working at McDonald&#8217;s.
Trending: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
<h2 class="wp-block-heading">Profit Can&#8217;t Be The Measure Of Public Value</h2>
The goal of government, Reich argued, is to &#8220;make life better for the people.&#8221; He pointed to the very first sentence of the U.S. Constitution, which says the government should &#8220;promote the general welfare.&#8221;
That mission doesn&#8217;t generate profits, and that&#8217;s okay. &#8220;Making a profit is not the point of government,&#8221; he said. &#8220;Should we <a href="https://www.benzinga.com/markets/futures/17/05/9505887/winners-and-losers-from-trumps-4-trillion-budget-proposal">gut health care services</a> for our veterans because it&#8217;s not profitable? What about inspecting our food? Should we <a href="https://www.benzinga.com/news/25/03/44498325/gonna-be-some-upset-seniors-at-town-halls-says-mark-cuban-he-calls-doge-social-security-actions-a-back-door-move-to-cut-payments">cut Social Security</a> and let seniors starve?&#8221;
Reich listed services like schools, highways, libraries, national parks, and mail delivery as examples of public goods that benefit everyone, and aren&#8217;t supposed to turn a profit.
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>.
<h2 class="wp-block-heading">The Real Meaning Behind &#8216;Run It Like a Business&#8217;</h2>
According to Reich, when politicians say they want to run the government like a business, what they often mean is they want to privatize services to benefit corporate interests. &#8220;Wall Street would love to have its hands on your Social Security,&#8221; he said. &#8220;The Trump Organization would love to turn Yellowstone National Park into a private resort for only the wealthiest to enjoy.&#8221;
Reich added that President Donald Trump is <a href="https://www.benzinga.com/startups/24/10/41390158/in-a-brutal-takedown-joe-biden-mocks-trump-bankrupting-a-casino-how-is-that-possible-i-thought-the-h">hardly a model</a> for business success, saying, &#8220;Trump sucks at running businesses anyway. I can make a whole video about Trump&#8217;s many, many business failures. And I have.&#8221;
&#8220;It's not about &#8216;efficiency&#8217; or because these public goods &#8216;cost too much.&#8217; That&#8217;s rubbish,&#8221; he added. &#8220;Private corporations want to profit at your expense.&#8221;
Reich concluded by emphasizing that U.S. citizens are not customers and politicians are not CEOs. &#8220;They are supposed to be public servants. They are supposed to be working for us,&#8221; he said. &#8220;The purpose of government is not to show a profit. It's to achieve the common good.&#8221;
Read Next: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Image: Shutterstock

TSLA

Should The Government Be Run Like A Business? Robert Reich Says 'Trump Sucks At Running Businesses'

In the holiday-shortened week, these ten large-cap stocks were the worst performers. Are they a part of your portfolio?
<ol class="wp-block-list">
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock fell 14.68% last week, continuing its fall after a short-sell report <a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45910389/short-seller-says-applovin-is-desperate-and-doomed-shares-slide" target="_blank" rel="noreferrer noopener">issued by Culper Research</a>.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) stock lost 13.6% last week amid a broader decline in solar stocks after the U.S. Senate Finance Committee unveiled its version of President Trump's tax bill, which <a href="https://www.benzinga.com//node/45971345" target="_blank" rel="noreferrer noopener">slashed renewable energy incentives</a>.</li>
<li>James Hardie Industries plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) stock declined 11.23%.</li>
<li>BeOne Medicines Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONC#NASDAQ">ONC</a>) stock dipped 10.65% last week.</li>
<li>GlaxoSmithKline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) stock dropped 10.4% last week.</li>
<li>Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) stock fell 10.3% amid a selloff following the company's Q3 financial results.</li>
<li>Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) stock declined 9.94% amid a tech sector pullback driven by rising Middle East tensions between Israel and Iran.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) stock fell 9.91% amid China's suspension of trade-in subsidies for EVs and fuel-efficient cars in key urban markets.</li>
<li>Corpay, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAY#NYSE">CPAY</a>) stock fell 9.64% last week amid pressure from Coinbase Global&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) announcement of its <a href="https://www.benzinga.com//node/46004688" target="_blank" rel="noreferrer noopener">new stablecoin payments</a> stack, which may impact Corpay's business outlook.</li>
<li>Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) stock lowered 9.56% last week amid a broader selloff in credit card stocks following Coinbase's launch of <a href="https://www.benzinga.com//node/46004688" target="_blank" rel="noreferrer noopener">its stablecoin payments infrastructure</a>.</li>
</ol>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46043303/consumer-tech-news-june-16-june-20-fed-holds-rates-trump-eyes-iran-moves-apple-taps-ai-accenture-shifts-strategy" target="_blank" rel="noreferrer noopener">Consumer Tech News (June 16-June 20): Fed Holds Rates, Trump Eyes Iran Moves, Apple Taps AI, Accenture Shifts Strategy</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/46043524/ast-spacemobile-and-coinbase-global-are-among-top-10-large-cap-gainers-last-week-june-16-20-are-the-others-in-your-portfolio">AST SpaceMobile And Coinbase Global Are Among Top 10 Large Cap Gainers Last Week (June 16-20): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Large Cap

Movers

ANET

COIN

CPAY

FSLR

AppLovin, First Solar And Li Auto Are Among Top 10 Large Cap Losers Last Week (June 16-20): Are The Others In Your Portfolio?

Before he became the richest man in the world, Elon Musk set out to prove something to himself—that if all his bold ideas failed, he could still survive in America. Literally.
In a 2015 interview with astrophysicist <a href="https://startalkmedia.com/show/the-future-of-humanity-with-elon-musk/">Neil deGrasse Tyson on StarTalk Radio</a>, Musk reflected on his early mindset, revealing just how far he went to test his personal threshold for survival. At the time, he had already founded Tesla and SpaceX, but the conversation turned to a much earlier phase in his life—just after college, when he first arrived in the U.S.
"In America, it's pretty easy to keep yourself alive," Musk told Tyson. "So my threshold for existing is pretty low. I figure I could be in some dingy apartment with my computer and be okay and not starve."
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So that's exactly what he tested. Musk challenged himself to live on just $1 a day for food. His grocery list? Hot dogs, oranges, pasta, and bulk green peppers with a big jar of sauce.
"You get really tired of hot dogs and oranges after a while," he admitted, laughing. "And of course pasta and a green pepper and a big thing of sauce. That can go pretty far, too."
He wasn't trying to impress anyone—he just wanted to prove that even if every business venture failed, he wouldn't. "If I can live for a dollar a day, then at least from a food cost standpoint, well it's pretty easy to earn like $30 in a month anyway, so I'll probably be okay."
Musk immigrated to the U.S. from South Africa in the mid-1990s, during his early twenties. By 1995, after earning degrees in physics and economics from the University of Pennsylvania, he co-founded his first startup, Zip2. Back then, money was so tight that he and his brother Kimbal slept in the office and showered at the local YMCA.
Trending: 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;
At the time, a dollar stretched further. In the mid-90s, the average cost of a loaf of bread was under $1, and hot dogs ran about $1.29 per pound. By comparison, the average cost of hot dogs today has soared to over $5.22 per pound. Inflation has made Musk's once-thrifty diet virtually impossible to replicate. Even pasta—once a budget staple—is now often $1.50 to $2 a box, and fresh produce prices have more than doubled since his college days.
Now, decades later, he controls some of the most valuable companies in the world and has an <a href="https://www.benzinga.com/startups/25/01/43101102/elon-musk-the-richest-man-in-the-world-is-estimated-to-earn-over-23-million-every-single-hour-of-the-day-heres-how-hes-spending-it">estimated net worth topping $340 billion</a>, according to Forbes and Bloomberg. But that extreme frugality never really left him.&nbsp;
Musk has said he doesn't own a yacht or even a home, doesn't take vacations, and considers his private jet—used for work—his largest personal expense. "It would be very problematic if I was spending billions of dollars a year in personal consumption," he said in a <a href="https://www.youtube.com/live/cdZZpaB2kDM?si=qTBimIpxJtYaJxm9">2022 TED interview with Chris Anderson</a>. He added, "but that is not the case."
See Also: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
Today, spending just $1 a day on food in America seems laughable, especially with inflation and rising grocery prices. According to the U.S. Department of Agriculture, <a href="https://www.fns.usda.gov/research/cnpp/usda-food-plans">the average cost of food per person per month in 2024</a> was over $300—even on a thrifty plan.
And for context: a $1 daily food budget in today's economy breaks down to 33 cents per meal—less than a single egg, a slice of bread, or even half a banana in most U.S. cities. For millions of <a href="https://www.benzinga.com/personal-finance/25/02/43748849/food-prices-are-expected-to-keep-rising-in-2025-ramsey-solutions-explains-why-grocery-prices-are-so-high-offers-tips-for-saving">Americans now facing food insecurity,</a> that number isn't just unrealistic—it's unthinkable.
Still, Musk's point wasn't about inflation or cuisine—it was about fear. Or rather, the absence of it. He believed that if he could handle having nothing, he could risk everything. That mindset helped him bet big on <a href="https://www.benzinga.com/startups/25/05/45480331/elon-musk-says-earth-only-has-10-of-its-life-left-before-its-incinerated-by-the-sun-calls-colonizing-mars-humanitys-life-insurance-polic">rockets, electric cars, solar panels</a>—and win.
So yes, Musk once lived off hot dogs and oranges. Not because he had to. Because he needed to know he could.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

Elon Musk Said 'In America, It's Pretty Easy To Keep Yourself Alive' — So He Challenged Himself To Live On $1 A Day, Eating Hot Dogs And Oranges

Top business figures such as Bill Ackman and Jason Calacanis have publicly shared their views on the &#8220;massive precision&#8221; airstrikes carried out by the U.S. military on three Iranian nuclear sites.
What Happened: These strikes mark a major escalation in the ongoing international conflict involving Iran and Israel, with the US now playing a new role.
Bill Ackman, a billionaire hedge fund manager,&nbsp;was among the first to&nbsp;commend the military operation. He expressed his gratitude to the US military for its &#8220;superb execution on ridding Iran&nbsp;of its nuclear threat.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you to our great military for its superb execution on ridding Iran of its nuclear threat. All Americans are eternally grateful for you.
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1936582927212826898?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
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He also lauded Trump&#8217;s actions as being more effective than relying on Iran&#8217;s commitment to not develop nuclear weapons.
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/46043305/donald-trump-announces-spectacular-military-success-as-us-strikes-key-iranian-nuclear-sites">Donald Trump Announces &#8216;Spectacular Military Success&#8217; As US Strikes Key Iranian Nuclear Sites</a>
Serial entrepreneur&nbsp;Jason Calacanis&nbsp;highlighted that the US is now involved in three conflicts, five months into Trump&#8217;s term. He refrained from passing judgment, stating that the public lacks the intelligence that leaders possess.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It's just an observation, published without judgement We don't have the intelligence that our leaders have, so I will reserve judgement until we know more. It should be obvious to everyone, however, that no president can just stop conflicts on day one. We now have three…
&mdash; @jason (@Jason) <a href="https://twitter.com/Jason/status/1936580976664252604?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
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Spencer Hakimian, the founder of Tolou Capital Management, characterized&nbsp;the US military operation as&nbsp;&#8220;completely undetectable,&#8221; and warned of potential economic havoc if Iran were&nbsp;to close the Strait of&nbsp;Hormuz.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The most escalatory thing that Iran can do is not to bomb U.S. military bases in the Middle East. It's to close the Strait of Hormuz. And if that happens, Oil goes above $100 in the blink of an eye. Iran is no military match for the United States. But they can wreak havoc…
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1936575501747007866?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
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Other business leaders, including&nbsp;Maguire&nbsp;of Sequoia Capital,&nbsp;Fishback&nbsp;of Azoria investment firm, and&nbsp;Scholl&nbsp;of Boom Supersonic, also voiced their opinions, with sentiments ranging from praise for Trump to relief over the neutralization of Iran&#8217;s nuclear capabilities.
Why It Matters: The varying reactions from business leaders underscore the complexity and far-reaching implications of the US&#8217;s military actions. 
While some praised the operation for neutralizing a potential nuclear threat, others expressed concern about the escalation of international conflict and potential economic repercussions. 
The situation continues to evolve, and the global business community will be closely monitoring the developments.
Read Next
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Global

US Airstrike On Iran Draws Varied Reactions From Business Leaders, Bill Ackman Says 'Thank You To Our Great Military'

As Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) strengthens its position in the AI hardware market, the company is quietly paying tribute to some of history's most influential scientists by naming its powerful chip architectures after women whose groundbreaking work laid the foundation for modern computing and science.
Ada Lovelace: The First Computer Programmer
Nvidia's <a href="https://www.benzinga.com/trading-ideas/long-ideas/22/09/28952554/nvidia-makes-a-quantum-leap-at-gtc-2022-ada-lovelace-rtx-gpus-omniverse-cloud-drive-thor">Ada architecture</a>, used in gaming graphics and AI processing, is named after Ada Lovelace, a 19th-century British mathematician. Often credited as the world's first computer programmer, Lovelace theorized that machines could go beyond calculations to manipulate symbols, music, and images—an idea that foreshadowed modern computing.
In 1979, the U.S. Department of Defense named a programming language "Ada" in her honor.
Grace Hopper: The Mother Of Modern Programming
The <a href="https://www.benzinga.com/markets/tech/25/06/45855980/nvidias-grace-hopper-platform-powers-europes-fastest-ai-supercomputer">company's Hopper architecture</a> recognizes Grace Hopper, a U.S. Navy rear admiral and computer science pioneer. During World War II, Hopper worked on the Mark I, one of the earliest general-purpose computers. She played a critical role in the development of automatic programming and helped lay the groundwork for programming languages like COBOL.
Hopper, who passed away in 1992, is remembered as a visionary who helped bridge military computing and modern software development.
See Also: &nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45988656/elon-musk-warns-us-faces-de-facto-bankruptcy-if-37-trillion-debt-not-tackled-peter-" target="_blank" rel="noreferrer noopener">Elon Musk Warns US Faces ‘De Facto&#8217; Bankruptcy If $37 Trillion Debt Not Tackled, Peter Schiff Says, ‘We Are Already Bankrupt&#8217;</a>
Vera Rubin: Illuminating The Universe's Mysteries
Nvidia's <a href="https://www.benzinga.com/tech/25/05/45689336/dell-nvidia-to-build-next-gen-supercomputer-for-us-energy-department">Rubin architecture honors</a> Vera Rubin, the astronomer who provided some of the first observational evidence for dark matter. In the 1970s, after studying more than 60 galaxies with colleague Kent Ford, Rubin's work helped reshape astrophysics.
She became the first woman scientist on staff at the Carnegie Institution's Department of Terrestrial Magnetism in 1965. Rubin passed away in 2016.
Why It's Important: Nvidia currently has a market cap of $3.5 trillion, making it the second most valuable company in the world.
In May, Nvidia reported <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">first-quarter revenue</a> of $44.1 billion, marking a 69% increase year-over-year and a 12% rise from the previous quarter. The figure surpassed the Street consensus estimate of $43.2 billion.
Price Action: Nvidia shares have climbed 5.18% year-to-date and gained 11.24% over the past year. On Wednesday, the stock rose 0.94%, closing at $145.48, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings highlight steady upward momentum for Nvidia across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance insights can be found here</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20052652/Screenshot-2025-06-20-at-2.55.01%E2%80%AFPM.png" alt="" class="wp-image-955770" /></a></figure>
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<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don't Have The B&#x2A;&#x2A;ls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: jamesonwu1972 / Shutterstock.com

Tech

Jensen Huang-Led Nvidia Honors Pioneering Women In Science With AI Chip Names: Here's The Legacy Behind Ada, Hopper And Rubin Architectures

It's good for people to look for additional ways to boost their income. Increasing your earnings gives you more flexibility and can help you retire sooner.&nbsp;
One burned-out denturist who earns $300,000 per year and owes $1 million on a mortgage is looking to <a href="https://www.reddit.com/r/HENRYfinance/comments/1ldyi4j/am_i_naive_for_considering_acquiring_a_business/">acquire a business</a> that has more than $500,000 in annual profits. While this move can boost the denturist's income, Redditors offered plenty of warnings against business acquisition.
"Even if you think you understand all the risks, you probably don't," one commenter said.
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</ul>
Commenters offered a few suggestions for the denturist to deal with burnout and look for opportunities to earn more money.
<h2 class="wp-block-heading">Identify The Cause Of Your Burnout</h2>
One of the top comments came from a Redditor who suggested figuring out the cause of your burnout before jumping into any new ventures. Starting or acquiring a business requires a lot of work, and it's probably the last remedy that you'd consider for solving burnout.
The commenter suggested that travel could be the cause of burnout and encouraged the denturist to look for a similar role that "reduces travel while maintaining similar benefits."
The commenter mentioned that they were burned out and switched jobs to solve the issue. Working for a more stable company with better management support may be worth it, even if you have to take a small pay cut.
Trending: 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">You Can Lose A Lot Of Money If The Acquisition Doesn't Go Well</h2>
While one commenter advised the Redditor to identify why they feel burned out, most commenters warned about some of the downsides of acquiring a business. They emphasized how things don't always go smoothly, and a company that is delivering solid profits right now may not do so well in a few years.
Companies that earn $500,000 in annual profits usually reach that milestone because of an effective leader. Acquiring a business may mean losing that leader, and if you don't know how to run a business, your investment can quickly turn sour.
Good business leaders see their companies fall apart due to factors out of their control, and it's even worse for people who are just getting started. One commenter also mentioned that it won't be $500,000 in annual profit since a large portion of those earnings will have to go toward monthly payments toward the loan used to finance the acquisition.
See Also: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
<h2 class="wp-block-heading">Start A Business In An Industry That You Know</h2>
The denturist specifically wanted to acquire a business in an industry that they didn't know very well. That makes an uphill battle even more challenging, and one commenter came up with a solution.
Instead of acquiring a business in a field that you don't know, the denturist can start a denturist business. The original poster said that they have their own clinic and haven&#8217;t put much cash into it. However, the higher income gives the denturist more flexibility with funding the clinic, and that seems to be the new route.
The denturist may have continued to neglect this opportunity if a commenter didn't offer the suggestion. It demonstrates the value of starting a business in your industry instead of acquiring a business in an industry where you have zero experience.
Read Next: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Image: Shutterstock

Reddit Warns Burned-Out Denturist: 'Even If You Think You Understand All the Risks, You Probably Don't'

The past week has been a rollercoaster ride in the tech and auto sectors. From&nbsp;Tesla Inc. making headlines with its upcoming Robotaxi launch to&nbsp;Boeing Co. facing safety concerns, there&#8217;s a lot to unpack.
Let&#8217;s dive into the top stories of the week.
Tesla&#8217;s Robotaxi Launch Could Be Key To $310 Price Target
Gary Black, managing director of Future Fund LLC, has set a $310 price target for Tesla Inc. ahead of the company&#8217;s Robotaxi launch in Austin on June 22. Black shared his insights on the potential impact of the Robotaxi launch on Tesla&#8217;s stock performance on a social media platform.
<a href="https://www.benzinga.com/markets/tech/25/06/45991403/teslas-robotaxi-launch-could-be-key-to-310-price-target-says-gary-black">Read the full article here.</a>
Boeing Faces Backlash After Fatal Aircrash
Boeing Co. has been under scrutiny following a fatal air crash in India&#8217;s Ahmedabad. The Boeing 787 Dreamliner, operated by Air India, crashed into a residential area shortly after takeoff, leading to serious questions about the safety and quality of Boeing aircraft.
<a href="https://www.benzinga.com/markets/tech/25/06/45991614/if-its-boeing-im-not-going-why-some-people-are-turning-their-backs-on-the-american-plane-maker-in-favor-of-rival-airbus">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/46039679/just-as-tesla-lined-up-its-big-move-waymo-went-bigger" target="_blank" rel="noreferrer noopener">Just As Tesla Lined Up Its Big Move, Waymo Went Bigger</a>
Tesla&#8217;s Production Cost Advantage Over Waymo
Tesla Inc. is reportedly closer to achieving full autonomy than competitors like Alphabet Inc.&#8217;s autonomous driving company, Waymo. This is largely due to Tesla&#8217;s ability to produce cars at a fraction of the price, allowing for more vehicles on the road.
<a href="https://www.benzinga.com/markets/tech/25/06/45966726/tesla-vehicle-production-cost-1-7-that-of-waymo-elon-musks-ev-giant-closer-to-full-autonomy-than-competition-report">Read the full article here.</a>
BYD Surpasses Tesla In Global EV Sales
Tesla Inc. has been outpaced in global sales for the first time by rival BYD Co. Ltd. According to the International Council on Clean Transportation, Chinese automakers are building significant leads in the zero-emission vehicle market.
<a href="https://www.benzinga.com/markets/tech/25/06/45969242/elon-musk-has-a-new-problem-byd-beats-tesla-in-global-ev-sales-amid-europe-expansion">Read the full article here.</a>
Ford Recalls Over 197,000 Vehicles
Ford Motor Co.&nbsp;has issued a recall for more than 197,000 vehicles due to a backseat issue that could potentially trap occupants inside the vehicle. The recall affects Ford Mustang Mach-E models from 2021-2025.
<a href="https://www.benzinga.com/markets/tech/25/06/46012477/ford-recalls-over-197000-vehicles-for-backseat-issue-that-could-trap-occupants-in-emergency-situations">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Ken Wolter / Shutterstock.com

Media

Tesla's Robotaxi, Boeing's Safety Concerns And Ford's Massive Recall: This Week In Mobility

When Jeff Bezos puts money behind something, people pay attention. The founder of Amazon doesn't just throw cash at random trends—he invests with a long-term vision and a clear eye for disruption. That's why it raised eyebrows when Bezos backed Arrived Homes, a real estate platform that lets everyday people invest in rental properties with as little as $100. If one of the wealthiest people on earth is betting on single-family rentals, it's worth asking: what does he see that the rest of us might be missing?
The answer has everything to do with how real estate is changing—and how platforms like Arrived are opening the doors to a type of investing that was once reserved for the ultra-wealthy. If you've ever thought about owning rental property but didn't want the landlord life (or the six-figure price tag), this is how you get in—alongside the same platform backed by Bezos himself.
Related:
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<li>This Jeff Bezos-backed startup will allow you to <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=byerscta100">become a landlord in just 10 minutes, with minimum investments as low as $100</a>.</li>
<li>Tired of waiting on the sidelines? <a href="http://groundfloor-finance.sjv.io/dOVZg7">With Groundfloor, you can invest in real estate projects with as little as $10 — no accredited investor status required</a>.</li>
</ul>
<h2 class="wp-block-heading">The Rental Housing Boom, Explained</h2>
Let's start with the big picture. The U.S. is in the middle of a long-term shift toward renting. Home prices have soared, mortgage rates remain high, and affordability continues to push millions of Americans out of the buyer's market and into long-term rentals. But here's the twist: even as more people rent, the demand for quality, single-family homes—not apartments—is exploding.
That demand means steady rent checks, low vacancy in the right markets, and rising long-term value for well-positioned homes. It's no wonder institutional investors, hedge funds, and billionaires like Bezos are buying into the space. But until recently, everyday investors were locked out. You either needed to buy a full home yourself (and become a landlord), or sit on the sidelines and watch others collect the income.
Now, that's changing—and fast.
<h2 class="wp-block-heading">The Platform Jeff Bezos Backed</h2>
Arrived Homes is one of the first platforms to let non-accredited investors co-own shares of rental homes across the U.S. When you invest, you&#8217;re buying into real, income-generating single-family properties—many of them located in fast-growing, high-demand markets like Phoenix, Memphis, and Salt Lake City.
Bezos invested through his personal fund, Bezos Expeditions, during an early funding round. Other high-profile backers include former Zillow CEO Spencer Rascoff and Uber executives. Their involvement isn't just hype—it signals a major vote of confidence in a new model of real estate investing that prioritizes accessibility, diversification, and passive income.
With Arrived, you don't need to qualify for a mortgage, deal with tenants, or shell out a down payment. You simply choose a home, decide how much to invest, and start earning your share of rental income—plus any potential appreciation if the property goes up in value.
<h2 class="wp-block-heading">Why This Model Works (Even If You're Not a Billionaire)</h2>
What makes Arrived so disruptive isn't just that it lowers the barrier to entry—it's that it flips the script entirely. You're no longer stuck choosing between buying a house (and managing it) or not investing at all. Now, you can start with whatever amount you're comfortable with, spread your capital across multiple homes and cities, and earn income while someone else handles the operations.
Think about it like this:
<ul class="wp-block-list">
<li>Jeff Bezos can buy an entire portfolio of homes and hire a team to manage them.</li>
<li>You can buy fractional shares of that same kind of portfolio—and let Arrived manage them for you.</li>
</ul>
You get all the upside—rental income, diversification, appreciation potential—without having to do the work. For busy professionals, renters, or anyone building long-term wealth, that's a powerful model.
Take Action:
<ul class="wp-block-list">
<li>Put your money to work for you: In terms of getting money back, <a href="https://www.gobankingrates.com/best-banks-c/">these bank accounts put traditional checking and savings accounts to shame</a>.</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=jeffbezos100"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>
<h2 class="wp-block-heading">How to Start Investing Alongside the Pros</h2>
You don't need a private fund or millions in capital to follow the Bezos playbook. You just need a strategy—and consistency. With Arrived, you can start with as little as $100 per property. From there, you can invest monthly, diversify across states and home types, and build a portfolio that grows with you.
Every property listing on Arrived includes full financial breakdowns, target returns, and market analysis. Whether you're looking for high cash flow, long-term appreciation, or a mix of both, the platform lets you align your investments with your goals—without having to be a real estate expert.
And if you're wondering how it all works behind the scenes? Arrived sources properties, conducts due diligence, manages tenants, and distributes rental income every quarter. You stay informed, but you never have to do the heavy lifting.
Want to follow Jeff Bezos into real estate? <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=jeffbezos100">Start co-owning rental homes with just $100 on Arrived</a>.

Real Estate

Why Jeff Bezos Is Betting on Rental Homes — And How You Can Too

China has reportedly trialed a domestically developed operating system aboard a small satellite, a move aimed at reducing dependence on foreign <a href="https://www.benzinga.com/news" target="_blank" rel="noreferrer noopener">software in space-based applications</a>.
Researchers used the OpenHarmony real-time operating system (RTOS)—a streamlined version of Huawei Technologies&#8217; HarmonyOS—onboard the Dalian-1 Lianli CubeSat during more than 1,000 hours of in-orbit experimentation, <a href="https://www.scmp.com/news/china/science/article/3314994/spurred-us-sanctions-china-adapts-huaweis-harmonyos-microsatellites" target="_blank" rel="noreferrer noopener">reports</a> the South China Morning Post.
The test showed marked improvements in speed and stability for microsatellite operations.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45981509/rocket-labs-next-launch-in-4-days-is-rklb-ready-for-liftoff" rel="noreferrer noopener">Rocket Lab&#8217;s Next Launch In 4 Days — Is RKLB Ready For Liftoff?</a>
Yu Xiaozhou, a professor at the Dalian University of Technology and lead author of the study, stated that the mission demonstrated notable gains in system responsiveness and reliability thanks to the home-grown software platform, the report adds.
OpenHarmony replaced traditional firmware and foreign operating systems commonly used in Chinese microsatellites.
The satellite, released from the Tiangong space station, also ran on a chip manufactured in China, creating what researchers called a fully indigenous software-hardware solution.
The technology enabled subsystems like the magnetometer, sun sensor, and orientation unit to operate with microsecond-level responsiveness while consistently delivering high-frequency data updates, the report further adds.
Beyond its performance, the system endured extended pre-deployment conditions, including 253 days in external storage outside the space station.
Once activated, it produced sub-meter resolution images of Earth—capabilities that could aid regional planning efforts in coastal areas such as Dalian.
The software milestone stems from China&#8217;s broader effort to wean itself off foreign tech, a push accelerated after Huawei Technologies was added to the U.S. trade blacklist in 2019.
The ban restricted access to American tech tools and catalyzed initiatives like OpenHarmony, which is now overseen by the OpenAtom Foundation and applied across sectors, including embedded systems and aerospace.
Previously, Chinese satellites had relied on open-source foreign software such as FreeRTOS, which posed limitations under export restrictions.
The latest mission marks a significant step toward technical independence in China&#8217;s satellite development roadmap.
Read Next:
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<li><a href="https://www.benzinga.com/news/topics/25/06/46042314/when-mark-cuban-hit-100000-he-told-his-dad-whod-never-earned-even-half-that-he-just-started-crying" target="_blank" rel="noreferrer noopener">When Mark Cuban Hit $100,000, He Told His Dad, Who&#8217;d Never Earned Even Half That. &#8216;He Just Started Crying&#8217;</a></li>
</ul>
Image: Shutterstock/Dancing_Man

Equities

General

After US Sanctions, China Deploys Indigenous OS In Space To Cut Foreign Reliance

In the holiday-shortened week, these ten large-cap stocks were top performers. Are they a part of your portfolio?
<ol class="wp-block-list">
<li>Circle Internet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) stock gained 125.53% last week after the U.S. Senate passed <a href="https://www.benzinga.com//node/46034000" target="_blank" rel="noreferrer noopener">the GENIUS Act</a>, which aims to regulate stablecoins. Seaport Global, which initiated coverage with a Buy rating and a <a href="https://www.benzinga.com/quote/CRCL/analyst-ratings" target="_blank" rel="noreferrer noopener">$235 price forecast</a>, also supported the rally.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock soared 27.93% last week after it launched its <a href="https://www.benzinga.com//node/46004688" target="_blank" rel="noreferrer noopener">Coinbase Payments stablecoin stack</a> and secured a crypto license in the EU.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock upped 24.43% after the company announced a partnership with Vodafone Idea to bring satellite broadband to smartphones in India. ASTS is also set to join the <a href="https://www.benzinga.com//node/46033050" target="_blank" rel="noreferrer noopener">Russell 1000 Index on June 27</a>.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) stock jumped 23.23% last week after BofA Securities downgraded the stock to Neutral but raised the <a href="https://www.benzinga.com/quote/CRWV/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast to $185</a>.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) stock upped 21.39% last week.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock gained 19.75% after launching AI-powered <a href="https://www.benzinga.com//node/45983296" target="_blank" rel="noreferrer noopener">ad features</a> and gaining visibility as the second most cited source in Google's AI summaries.</li>
<li>QXO, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) stock gained 18.36% last week after it proposed to acquire GMS <a href="https://www.benzinga.com//node/46009046" target="_blank" rel="noreferrer noopener">for $95.20 per share in cash</a>.</li>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) stock upped 15.14% after reporting <a href="https://www.benzinga.com//node/45972232" target="_blank" rel="noreferrer noopener">strong Q3 earnings and revenue</a>, prompting several analysts to <a href="https://www.benzinga.com/quote/JBL/analyst-ratings" target="_blank" rel="noreferrer noopener">raise their price forecast</a>.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) stock jumped 15.03% last week. The stock has been gaining since June 2, when it reported better-than-expected Q4 results and received analyst upgrades.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock jumped 13.79% after a public spat between Elon Musk and Donald Trump spurred speculation around Rocket Lab's <a href="https://www.benzinga.com//node/46002335" target="_blank" rel="noreferrer noopener">potential role in Trump's Golden Dome</a> missile defense system, highlighting its position in national security space tech.</li>
</ol>
Read Next:
<a href="https://www.benzinga.com/markets/tech/25/06/46043303/consumer-tech-news-june-16-june-20-fed-holds-rates-trump-eyes-iran-moves-apple-taps-ai-accenture-shifts-strategy">Consumer Tech News (June 16-June 20): Fed Holds Rates, Trump Eyes Iran Moves, Apple Taps AI, Accenture Shifts Strategy</a>
Photo by Primakov via Shutterstock

ASTS

CRCL

CRDO

CRWV

RDDT

RKLB

AST SpaceMobile And Coinbase Global Are Among Top 10 Large Cap Gainers Last Week (June 16-20): Are The Others In Your Portfolio?

The past week in tech has been nothing short of exciting, with major companies making bold moves and industry leaders voicing their opinions. From Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) battling with OpenAI for top talent, to YouTube&#8217;s upcoming integration of advanced AI video tools, the landscape is rapidly evolving. Meanwhile, Elon Musk has been vocal about the inflated valuations of AI startups, and Amazon&#8217;s CEO has touted the transformative potential of Generative AI. Here&#8217;s a recap of the top stories.
Meta&#8217;s Battle with OpenAI for Talent Meta&#8217;s billion-dollar hiring spree in AI has hit a snag, according to CTO Andrew Bosworth. OpenAI is not letting its top minds go without a fight and is actively countering Meta&#8217;s lucrative job offers. This revelation came during Bosworth&#8217;s interview with CNBC&#8217;s Closing Bell Overtime on Friday.
<a href="https://www.benzinga.com/markets/tech/25/06/46041399/meta-tried-luring-openais-top-minds-with-massive-paychecks-but-sam-altman-neglected-to-mention-that-hes-countering-those-offers-says-andrew-bosworth">Read the full article here.</a>
YouTube Shorts to Feature Veo 3 AI Video Tools YouTube, a subsidiary of 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>), is set to integrate Google&#8217;s latest generative AI video model, Veo 3, into YouTube Shorts. This announcement was made by YouTube CEO Neal Mohan during a keynote at the Cannes Lions Festival.
<a href="https://www.benzinga.com/markets/tech/25/06/46011121/youtube-shorts-will-soon-feature-veo-3-ai-video-tools-with-audio-and-higher-quality-but-creators-may-need-a-paid-plan">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46037332/bitcoin-ethereum-xrp-dogecoin-pull-back-after-technical-rejection-no-one-wants-to-be-long-into-the-weekend" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Pull Back After Technical Rejection &#8211; Benzinga</a>
Elon Musk&#8217;s Take on AI Startup Valuations Elon Musk has criticized the current AI startup landscape, stating that the hype has led to inflated startup prices. He referred to these startups as a &#8220;herd of unicorns&#8221; during his talk at Y Combinator&#8217;s AI Startup School.
<a href="https://www.benzinga.com/markets/tech/25/06/45989519/elon-musk-blames-ai-hype-for-1-billion-startup-valutions-there-are-so-many-frickin-unicorns">Read the full article here.</a>
Meta&#8217;s AI Smart Glasses Collaboration Meta is teaming up with EssilorLuxottica to launch new AI-powered smart glasses under the Oakley and Prada brands. This follows the success of the second-generation Ray-Ban smart glasses, which were launched in 2023 through a partnership between Meta and Luxottica.
<a href="https://www.benzinga.com/markets/large-cap/25/06/45987099/meta-teams-up-with-oakley-prada-for-next-gen-ai-smart-glasses">Read the full article here.</a>
Amazon&#8217;s Embrace of Generative AI Amazon.com Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO, Andy Jassy, highlighted the company&#8217;s extensive use of Generative AI in a recent blog post. Jassy described such technologies as rare and transformative, justifying Amazon&#8217;s aggressive investment.
<a href="https://www.benzinga.com/markets/tech/25/06/45982631/amazon-ceo-says-generative-ai-will-reduce-total-corporate-workforce">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/news/topics/25/06/46024990/a-millennial-says-the-older-i-get-and-the-further-in-my-career-i-go-the-more-i-realize-how-deadly-acc" target="_blank" rel="noreferrer noopener">A Millennial Says, The Older I Get And The Further In My Career I Go, The More I Realize How Deadly Accurate &#8216;Office Space&#8217; Was</a>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

AMZN

GOOG

GOOGL

Meta's Battle With OpenAI, Youtube Innovations, And Billion-Dollar Unicorns: This Week In AI

Iranian Foreign Minister Abbas Araghchi is set to meet with Russian President Vladimir Putin in the wake of Saturday&#8217;s U.S. airstrikes against Iran.
What Happened: The strikes, which Iran claims have disrupted diplomatic efforts regarding its nuclear program, have heightened tensions between the U.S. and Iran.
As reported by The Times of Israel, the meeting in Moscow is scheduled for Sunday. This comes after President Donald Trump announced that the strikes had &#8220;totally obliterated&#8221; Iran&#8217;s key nuclear facilities. Iran quickly condemned the US action, accusing it of sabotaging ongoing negotiations for a potential deal.
In retaliation for the U.S. strikes, Iran launched two rounds of attacks against Israel, its long-standing regional rival. Trump&#8217;s intervention threatens to escalate the conflict, particularly in light of Israel&#8217;s unprecedented bombing campaign on Iran last week.
Araghchi accused the U.S. of undermining diplomacy after talks with European powers. He later stated that the U.S. and Israel had &#8220;crossed a very big red line,&#8221; asserting Iran&#8217;s commitment to defend itself &#8220;by all means necessary.&#8221;
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/46042298/trump-publicly-contradicts-dni-gabbards-claim-that-iran-lacks-nuclear-capabilities-shes-wrong">Trump Publicly Contradicts DNI Gabbard&#8217;s Claim That Iran Lacks Nuclear Capabilities: &#8216;She&#8217;s Wrong&#8217;</a>
Israeli Prime Minister Benjamin Netanyahu lauded the U.S. strikes, stating that Trump&#8217;s decision to &#8220;target Iran&#8217;s nuclear facilities with the awesome and righteous might of the United States will change history.&#8221;
Why It Matters: The escalating tensions between Iran and the US have the potential to destabilize the region further. 
The upcoming meeting between the Iranian Foreign Minister and Russian President Putin could be a pivotal moment in the ongoing conflict. 
The outcome of this meeting could influence the future course of Iran&#8217;s nuclear program and its relations with the US and Israel. The international community will be watching closely as these events unfold.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/45940786/israeli-strikes-kill-9-iranian-scientists-continuing-mossads-decade-long-targeting-of-nuclear-program">Israeli Strikes Kill 9 Iranian Scientists, Continuing Mossad&#8217;s Decade-Long Targeting of Nuclear Program</a>
Image: Shutterstock

US Vs Iran: Iran's Foreign Minister Heads To Moscow, Accuses US of Derailing Nuclear Talks

Rep. Nancy Pelosi (D-Calif.) and her husband, venture capitalist Paul Pelosi, experienced a significant increase in their net worth in 2024.
What Happened: The Pelosis&#8217; net worth could now be as high as $413 million, up from a possible $370 million in 2023. The exact figure is unknown as lawmakers are only required to disclose ranges.
Market research firm&nbsp;Quiver Quantitative&nbsp;estimated the couple&#8217;s&nbsp;2024 worth at $257 million, a $26 million increase from the previous year. However, the value of their diverse ventures, including a Napa Valley winery&nbsp;and a stake in a&nbsp;Bay area Italian restaurant, could push Pelosi&#8217;s worth much higher.
As per the report <a href="https://nypost.com/2025/06/21/us-news/pelosi-added-millions-to-net-worth-last-year-report/">by</a> the New York Post, a substantial portion of their wealth comes from a significant stock portfolio and well-timed trades, primarily in Paul Pelosi&#8217;s name.
Also Read: <a href="https://www.benzinga.com/news/23/01/30615682/elon-musk-apologizes-for-tweeting-conspiracy-theory-about-attack-on-nancy-pelosis-husband">Elon Musk Apologizes For Tweeting Conspiracy Theory About Attack On Nancy Pelosi&#8217;s Husband</a>
Notably, the couple sold 5,000 shares of&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;worth an estimated $2.2 million&nbsp;shortly before the Federal Trade Commission&nbsp;announced an antitrust investigation into&nbsp;the tech giant.
Despite some setbacks, their investment portfolio yielded&nbsp;an estimated 54% return in&nbsp;2024, outperforming the S&amp;P 500&#8217;s 25% gain and surpassing&nbsp;every large hedge fund, according&nbsp;to Bloomberg&#8217;s end-of-year tally.
Why It Matters: The financial success of the Pelosi couple comes at a time when there are increasing calls to prohibit Congress members from trading individual stocks. Critics argue that&nbsp;lawmakers have access to market-moving&nbsp;information before the public. 
Pelosi has previously rejected these calls, but recently softened her stance. This change in attitude could potentially impact future trading activities of lawmakers, and possibly even their net worth.
Read Next
<a href="https://www.benzinga.com/politics/25/04/45077654/bill-named-after-nancy-pelosi-could-ban-congress-members-from-trading-stocks-what-you-need-to-know-about-the-pelosi-act">Bill Named After Nancy Pelosi Could Ban Congress Members From Trading Stocks: What You Need To Know About The &#8216;PELOSI&#8217; Act</a>
Image: Shutterstock/Asatur Yesayants

Politics

MSFT

Nancy Pelosi's Portfolio Crushed Wall Street Hedge Funds With Jaw-Dropping Returns Last Year

In an era of inflation shocks, shifting alliances, and economic volatility, one thing hasn't changed: central banks are <a href="https://www.benzinga.com/money/best-gold-trading-strategies">doubling down on gold</a>. While investors may debate crypto, equities, or cash, the institutions managing national reserves are quietly — and consistently — boosting their gold holdings. And they're doing it in record amounts.
The latest Central Bank Gold Reserves <a href="https://www.gold.org/goldhub/research/central-bank-gold-reserves-survey-2025">survey</a> from the World Gold Council offers fresh insights into why this centuries-old asset remains so essential in modern reserve strategy. The message is clear: gold isn't just a relic — it's a key tool for navigating global uncertainty.
The takeaway? Confidence in gold is strong. Nearly all respondents (95%) believe global gold reserves will increase over the next year, and 43% say they personally plan to add more to their own reserves. None reported plans to decrease their holdings.
Why the continued interest? It comes down to a few key factors: gold tends to perform well during periods of crisis, it provides portfolio diversification, and it holds long-term value — something that matters when inflation or geopolitical risk are on the rise.
The survey also shows changing views around currency reserves. A majority (73%) of central banks think <a href="https://www.benzinga.com/topic/us-dollar">the U.S. dollar</a>'s share of global reserves will shrink over the next five years, while assets like the euro, Chinese renminbi, and gold are expected to gain ground.
More central banks are also actively managing their gold, with 44% now doing so — up from 37% last year. Risk management and return optimization were cited as the top reasons. And while the Bank of England remains the most popular place to store gold, more banks are bringing their reserves closer to home — 59% now store at least some gold domestically.
Bottom line: in a world of uncertainty, gold remains a trusted asset for central banks — and their continued buying signals long-term confidence in its role as a stabilizer in turbulent times.
Read Next:
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<li><a href="https://www.benzinga.com/markets/eurozone/25/06/46026714/this-rare-market-dynamic-preceded-the-dot-com-crash-its-back-in-2025">This Rare Market Dynamic Preceded The Dot-Com Crash — It&#8217;s Back In 2025</a></li>
</ul>
Photo: Shutterstock

Financial Advisors

Commodities

Why Are Central Banks Still Stockpiling Gold?

Thousands of Afghan nationals residing in the United States may soon be deported as the Trump administration moves to revoke their temporary protected status, triggering widespread fear within <a href="https://www.benzinga.com/news" target="_blank" rel="noreferrer noopener">the refugee community.</a>
The Guardian reports that the policy shift removes Afghanistan from the TPS list, a classification that previously shielded Afghans from deportation and allowed them to work legally in the U.S.
This reversal has placed many at immediate risk, even those who supported American forces during the 20-year war.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/25/03/44209655/the-heart-breaking-story-of-afghan-women-facing-deportation-after-trumps-usaid-aid-cuts" rel="noreferrer noopener">The Heart-Breaking Story Of Afghan Women Facing Deportation After Trump&#8217;s USAID Aid Cuts</a>
Shir Agha Safi, who leads the non-profit Afghan Partners in Des Moines, Iowa, said community members are gripped by anxiety, drawing parallels with the recent deportations of Venezuelan migrants.
Safi said, &#8220;They would choose suicide over being tortured and killed by the Taliban,&#8221; the report adds.
The Department of Homeland Security, now under the leadership of Kristi Noem, has justified the change by claiming that Afghanistan&#8217;s security has improved.
A DHS statement cited a decrease in kidnappings and a rise in tourism as signs of stability.
However, critics point to the same report DHS references, which also highlights deteriorating civil conditions, suppression of legal systems, and widespread fear under Taliban rule.
The State Department continues to advise U.S. citizens against travel to Afghanistan, labeling it a high-risk zone due to threats of violence, terrorism, and arbitrary detentions, The Guardian adds.
Despite these warnings, DHS insists the country is safe enough to accept returning nationals.
Afghans initially gained TPS under the Biden administration in 2022 following the Taliban&#8217;s return to power.
Their status was already precarious before Trump&#8217;s re-election, but the new directive threatens to dismantle legal protections for thousands. Immigration advocates say the move could devastate families who have spent years integrating into American society.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45889800/dow-jones-breaks-43000-palantir-hits-new-record-highs-whats-driving-markets-wednesday" target="_blank" rel="noreferrer noopener">Dow Jones Breaks 43,000, Palantir Hits New Record Highs: What's Driving Markets Wednesday?</a></li>
</ul>

Better Dead Than Back To Taliban: Afghan Refugees Fear Forced Return Under Trump

On Saturday night President Donald Trump declared successful strikes on three crucial Iranian nuclear sites, terming it a &#8216;spectacular military success&#8217;.
What Happened: The US military executed precision strikes on the Fordo, Natanz, and Isfahan nuclear facilities&nbsp;in Iran around midnight local&nbsp;time. 
&#8220;Our objective was the destruction&nbsp;of Iran&#8217;s nuclear enrichment capacity,&nbsp;and a stop to the&nbsp;nuclear threat posed by the&nbsp;world&#8217;s number one state sponsor&nbsp;of terror,&#8221; Trump said while <a href="https://www.youtube.com/live/C7eSJ011Muc">addressing </a>the nation.
&#8220;A short time ago, the U.S. military carried out massive precision strikes on the three key nuclear facilities in the Iranian regime: Fordo, Natanz and Isfahan,&#8221; Trump said. &#8220;Everybody heard those names for years as they built this horribly destructive enterprise. Our objective was the destruction of Iran&#8217;s nuclear enrichment capacity, and a stop to the nuclear threat posed by the world&#8217;s number one state sponsor of terror. Tonight, I can report to the world that the strikes were a spectacular military success.&#8221;&nbsp;
&#8220;For 40 years, Iran has been saying, ‘Death to America. Death to Israel.' They have been killing our people, blowing off their arms, blowing off their legs with roadside bombs,&#8221; Trump added. &#8220;That was their specialty. We lost over a thousand people and hundreds of thousands throughout the Middle East and around the world have died as a direct result of their hate in particular.&#8221;
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/46042298/trump-publicly-contradicts-dni-gabbards-claim-that-iran-lacks-nuclear-capabilities-shes-wrong">Trump Publicly Contradicts DNI Gabbard&#8217;s Claim That Iran Lacks Nuclear Capabilities: &#8216;She&#8217;s Wrong&#8217;</a>
The President had previously announced last Thursday that he would decide&nbsp;on whether to strike Iran&nbsp;within a two-week period. 
Despite his calls for Iran to negotiate on its nuclear program, the country withdrew from scheduled talks with the US and declined to return to the negotiation table.
Trump announced the successful attacks via a Truth Social post on Saturday evening. The US reportedly used six bunker-buster bombs and&nbsp;30 tomahawk missiles launched from&nbsp;American submarines in the strikes.
Earlier, on June 12, Israel had ordered strikes on Iran as Israeli intelligence indicated that Iran&#8217;s nuclear program was advancing rapidly. The Israeli strikes, known as &#8220;Operation Rising Lion,&#8221;&nbsp;targeted Iran&#8217;s nuclear and missile&nbsp;infrastructure.
Why It Matters: The strikes come amid escalating tensions between the US and Iran over the latter&#8217;s nuclear program. The US has long accused Iran of pursuing nuclear weapons, a charge Iran denies. 
The successful strikes represent a significant escalation in the US&#8217;s efforts to curb Iran&#8217;s nuclear ambitions. The decision to strike follows Iran&#8217;s refusal to engage in talks about its nuclear program, further straining relations between the two countries.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/46042703/iran-calls-us-bombing-of-nuclear-sites-very-very-dangerous-for-everybody">Iran Calls US Bombing Of Nuclear Sites &#8216;Very, Very Dangerous For Everybody&#8217;</a>

Donald Trump Announces 'Spectacular Military Success' As US Strikes Key Iranian Nuclear Sites

The Federal Reserve kept its benchmark interest rate unchanged at 4.25%–4.50% for the sixth straight meeting, with Chair Jerome Powell signaling no near-term cuts despite <a target="_blank" href="https://www.benzinga.com/personal-finance/management/25/06/46011739/jerome-powell-led-fed-has-left-interest-rate-unchanged-what-does-it-mean-for-savings-mortgages-credit-cards-and-your-bank-account" rel="noreferrer noopener">mounting pressure from the White House.</a>
Meanwhile, global uncertainty ticked higher as White House Press Secretary Karoline Leavitt revealed the U.S. remains open to negotiations with Iran, even as President Donald Trump weighs potential military action—<a target="_blank" href="https://www.benzinga.com/news/25/06/46017426/trump-gives-iran-2-weeks-to-strike-a-deal-or-face-us-military-action" rel="noreferrer noopener">promising a decision "within the next two weeks."</a>
Amid these macro headlines, the consumer tech sector pressed on with notable developments.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/media/25/04/44873349/openai-and-softbanks-stargate-considers-major-uk-investment-to-fuel-ai-growth" rel="noreferrer noopener">OpenAI And SoftBank's Stargate Considers Major UK Investment To Fuel AI Growth</a>
Earnings Results
Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) reported quarterly earnings of $3.49 per share, topping&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/46024923/accenture-new-bookings-fall-in-q3-but-it-raises-profit-outlook" rel="noreferrer noopener">the&nbsp;analyst consensus estimate of $3.31</a>.
Accenture announced a&nbsp;strategic overhaul of its growth model, effective September 1, 2025, with a sharpened focus on AI.
Technology
Nvidia&nbsp;Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;venture capital arm,&nbsp;NVentures, has joined a $650 million funding round for&nbsp;TerraPower, a nuclear energy company founded by&nbsp;Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;co-founder&nbsp;Bill Gates.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly looking to harness the power of generative artificial intelligence to accelerate the development of the&nbsp;custom chips that power&nbsp;its devices, <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46010207/apple-hardware-executive-says-iphone-maker-plans-to-use-ai-for-speeding-up-custom-chip-design-high-potential-in-getting-more-design-work-in-less-time" rel="noreferrer noopener">according to senior executive&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46010207/apple-hardware-executive-says-iphone-maker-plans-to-use-ai-for-speeding-up-custom-chip-design-high-potential-in-getting-more-design-work-in-less-time" rel="noreferrer noopener">Johny Srouji</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46010207/apple-hardware-executive-says-iphone-maker-plans-to-use-ai-for-speeding-up-custom-chip-design-high-potential-in-getting-more-design-work-in-less-time" rel="noreferrer noopener">.</a>
Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) announced a&nbsp;$60 billion plan&nbsp;to expand U.S.-based semiconductor manufacturing, marking what the company says is the largest investment in <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45998624/texas-instruments-announces-60-billion-us-semiconductor-manufacturing-boost" rel="noreferrer noopener">foundational chip production in the nation's history.</a>
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)&nbsp;cloud unit is set to launch its second data center in South Korea to capitalize <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46032308/alibaba-expands-ai-cloud-footprint-in-south-korea-with-new-data-hub-launching-in-june" rel="noreferrer noopener">on the generative AI frenzy.</a>
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;is reportedly in discussions to hire&nbsp;Nat Friedman, former CEO of&nbsp;GitHub, to support <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46010604/mark-zuckerbergs-meta-reportedly-looking-to-hire-former-github-ceo-nat-friedman-and-investor-daniel-gross-as-part-of-aggressive-ai-expansion-strategy" rel="noreferrer noopener">its artificial intelligence efforts</a>.
The&nbsp;Trump Organization&nbsp;is&nbsp;entering the wireless industry&nbsp;with plans to launch a smartphone called the &#8220;T-1 Phone,&#8221; priced at $499 and promoted as being manufactured in the U.S.—a promise experts say may <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45990957/trump-mobile-plans-to-launch-499-t-1-phone-made-in-the-usa-but-expert-says-you-dont-have-the-employees-that-can-do-it" rel="noreferrer noopener">not hold up under scrutiny.</a>
Artificial Intelligence (AI)
Softbank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>)&nbsp;founder&nbsp;Masayoshi Son is spearheading an alliance with&nbsp;Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), proposing a $1 trillion industrial complex in Arizona.
OpenAI chief executive&nbsp;Sam Altman says he &#8220;didn&#8217;t think Elon was going to abuse his power in the government to unfairly compete&#8221; but now believes he was wrong after Tesla&#8217;s founder allegedly tried to derail OpenAI&#8217;s $500 billion <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46023822/sam-altman-says-he-didnt-think-elon-musk-would-abuse-government-power-tesla-ceo-hits-back-with-scam-altman-jibe" rel="noreferrer noopener">&#8220;Stargate&#8221; data-center deal.</a>
Automobiles
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;is reportedly working on a 6-seater <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46020870/elon-musks-tesla-to-expand-model-y-lineup-with-new-6-seater-version-report" rel="noreferrer noopener">variant of the Model Y crossover SUV.</a>
Tesla will shut down production at the Texas Gigafactory, which manufactures the Cybertruck and the Model Y, <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45989148/tesla-will-shut-down-production-at-the-texas-gigafactory-over-the-4th-of-july-weekend" rel="noreferrer noopener">over the Independence Day weekend.</a>
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) has recalled more than 197,000 vehicles in the latest recall over an issue affecting the backseat occupants, <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46012477/ford-recalls-over-197000-vehicles-for-backseat-issue-that-could-trap-occupants-in-emergency-situations" rel="noreferrer noopener">where they may remain locked inside the vehicle.</a>
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