에 대한 최신 뉴스 Latin Metals (OTC:LMSQF) 주식

Latin Metals Inc is a resource exploration company. It is focused on precious metals and copper projects in historically resource-rich regions of South America, specifically in Peru and Argentina. The company operates on a prospect generator model, focusing on acquiring prospective exploration properties at minimum cost, followed by initial evaluation through the cost-effective exploration to establish drill targets. It has one mineral resource industry segment and operates in Canada, Argentina, and Peru.

Earnings

Commodities

LMSQF

MTAL

알파 메탈러지컬(NYSE:AMR)은 2024년 1분기 순이익은 1억 2,700만 달러, 즉 희석 주당 9.59달러, 조정 EBITDA는 1억 8,960만 달러, 매출은 8억 6,400만 달러를 기록했다.최고경영자(CEO) 앤디 아이드슨(Andy Eidson)은 석탄 시장의 약세 조건에도 불구하고 강력한 실적을 이끌어냈다고 언급했으며, 이에 따라 이번 분기 이후로도 시장 악화 조짐이 계속되고 있다고 덧붙였다. 

월요일 주요 광업 뉴스: 알파 메탈러지컬, 메탈스 에퀴지션, 라틴 메탈스, 아이다호 스트래티직

Latin Metals Inc

In the escalating trade war initiated by President Donald Trump,&nbsp;Boeing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) may face significant challenges, potentially tipping the scales in favor of its European competitor,&nbsp;Airbus SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>).
What Happened: The increased tariffs imposed by Trump could lead to a price hike of $40 million for a Boeing 787 in a worst-case scenario. This information comes from&nbsp;AerCap Holdings N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) CEO Aengus Kelly. 
As a major aircraft leasing company, AerCap would be significantly impacted by such price increases.
"In an absolute worst case scenario, say, a 25% increase across the board on tariffs, a tit-for-tat from both sides — a Boeing 787, the price will go up by $40 million. No one's going to want to pay that," Kelly <a href="https://www.youtube.com/watch?v=YbPWery3vbg">told</a> CNBC in a recent interview.
Boeing, a leading manufacturer in Mexico, could face increased costs on imported parts due to the tariffs. Last week, CEO Kelly Ortberg alerted employees about the potential cost increase&nbsp;on parts like landing gear&nbsp;imported from Canada.
Trump&#8217;s&nbsp;25% tariffs on steel and&nbsp;aluminum have already prompted retaliation from Europe, with potential further rebuttals on the horizon. This could result in Boeing&#8217;s aircraft becoming&nbsp;more expensive in key European&nbsp;markets.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/09/40681758/boeing-shares-dip-in-pre-market-as-32k-workers-plan-companys-first-strike-in-16-years" target="_blank" rel="noreferrer noopener">Boeing Shares Dip In Pre-Market As 32K Workers Plan Company's First Strike In 16 Years</a>
Conversely, Airbus may have some protection against U.S. tariffs due to its&nbsp;facilities in Alabama, Mississippi, and&nbsp;Florida. CEO Guillaume Faury indicated that the company might&nbsp;prioritize deliveries to non-U.S. customers&nbsp;if tariffs disrupt its operations.
According to Kelly, the worst-case scenario could see most airlines turning&nbsp;to Airbus for their new&nbsp;aircraft, potentially giving Airbus control of 75% to&nbsp;80% of the global market.
However, he cautioned, it's still too early to fully grasp the impact of the tariffs.
Why It Matters: The escalating trade war and the resulting tariffs could significantly alter the dynamics of the global aircraft market. Boeing, already grappling with the fallout from the 737 Max crisis, could face further setbacks due to increased costs. 
On the other hand, Airbus could potentially gain a significant advantage, especially if it can navigate the tariff landscape more effectively. 
The outcome of this situation could have far-reaching implications for the global aviation industry.
Read Next
<a href="https://www.benzinga.com/news/24/09/40763846/boeing-and-iam-union-strike-deal-potentially-averting-major-strike">Boeing And IAM Union Strike Deal, Potentially Averting Major Strike</a>
Image: Shutterstock

News

European Aeronautic Defence And Space Unsponsored

EADSY

Trade War May Boost Airbus Over Boeing — AerCap CEO Says 'No One's Going To Want To Pay That'

Mark Cuban wants to hire former U.S. Digital Service employees for his <a href="https://www.benzinga.com/general/social-media/25/03/44211144/mark-cuban-reveals-the-thing-he-respects-most-about-elon-musk-what-hes-been-able-to-accomplish-is-insane-its-incredible">upcoming business venture</a>.
What Happened: Cuban is currently reviewing business proposals&nbsp;from former and current employees&nbsp;of&nbsp;the General Services Administration (GSA)&nbsp;and the White House. 
The goal is to back potential companies and help their workforce leverage the skills they gained while serving as federal government contractors, <a href="https://www.politico.com/news/2025/03/12/mark-cuban-doge-technology-services-00227218">reports</a> Politico.
The new venture by Cuban aims to hire ex-members of the U.S. Digital Service, a federal agency&#8217;s internal IT consulting group, which was renamed as the Department of Government Efficiency (DOGE) by an executive order from President Donald Trump and placed under the control of Elon Musk. On February, 21 Digital Service employees chose to resign instead of aiding DOGE in cutting down federal expenditures, including through widespread layoffs.
"I think it's possible to out-Elon Elon, because the people he will bring in don't know what they don't know," Cuban told the outlet.
"A couple have a real chance to turn into small companies that can leverage their expertise," Cuban added, referring to some of the workers.
Cuban also intends to bring on board former employees of the 18F unit within the GSA, a unit tasked with updating and creating crucial tech services for the government. This unit was disbanded on March 1.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/25/01/43245984/cuban-on-musk-i-have-no-problem-throwing-elon-under-the-bus-but-ill-save-it-for-when-its-truly-deser" target="_blank" rel="noreferrer noopener">Cuban on Musk: ‘I Have No Problem Throwing Elon Under the Bus, but I'll Save It for When It's Truly Deserved'</a>
Despite the financial hurdles previously encountered by 18F, Cuban is confident that his new firm will need to generate income from the private sector, along with federal funding. Until a more supportive federal government is established, the company may&nbsp;have to rely on state&nbsp;and local contracts, as suggested by a former 18F employee.
Thomas Shedd, a former Tesla engineer now leading Technology Transformation Services, told staff that 18F "was not and has not been fully cost coverable."
"Despite the losses the team was incurring, 18F with their recent hourly prices were on the very high end of the technology consulting market," Shedd said.
Why It Matters: Cuban&#8217;s move to hire former Tesla and government employees underlines the value of their unique skill sets, honed in both private and public sectors. 
This venture could potentially bridge the gap between government and private sector technology initiatives, fostering innovation and efficiency. 
The focus on generating private sector revenue also indicates a strategic approach to maintaining financial stability, even amidst changing government policies.
Read Next
<a href="https://www.benzinga.com/news/25/03/44065757/mark-cuban-warns-elon-musk-is-making-trumps-job-1000-times-harder">Mark Cuban Warns Elon Musk Is Making Trump&#8217;s Job &#8216;1,000 Times Harder&#8217;</a>

Politics

TSLA

Mark Cuban Wants to 'Out-Elon' Musk by Hiring US Digital Service Veterans

Elon Musk, the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), is under fire from investors who are concerned about his lack of focus on the company.
What Happened: Musk&#8217;s attention seems to have shifted from Tesla to his role in President Donald Trump&#8216;s Department of Government Efficiency (DOGE).
Musk, a staunch&nbsp;supporter of Trump, assumed the role of&nbsp;a senior White House adviser&nbsp;after Trump&#8217;s inauguration. Since Trump took office, protests have been held&nbsp;at Tesla showrooms and facilities&nbsp;across the U.S. 
These protests have ranged from peaceful demonstrations to violent acts of vandalism targeting the company&#8217;s facilities, individual vehicles, and Superchargers. Musk&#8217;s remarks on foreign politics have sparked controversy in Europe, resulting in attacks on Tesla vehicles and facilities and a decline in sales in most countries.
As per the report <a href="https://qz.com/elon-musk-donald-trump-tesla-stock-sales-ev-doge-1851769331">by</a> Quartz, Wedbush Securities analyst Dan Ives has pointed out that Tesla investors&#8217; patience is running thin due to Musk&#8217;s noticeable absence from Tesla&#8217;s factories or manufacturing facilities over the last two months.
"In a nutshell the word ‘balance' has been missing with Elon Musk and his ability to run Tesla as CEO, while instead focusing all of his energy and time driving his [Department of Government Efficiency] initiative within the Trump Administration," Ives told the outlet. 
Also Read:&nbsp;<a href="https://www.benzinga.com/news/25/03/44067638/elon-musk-claims-rival-billionaire-wants-to-destroy-trump-to-suppress-jeffrey-epstein-client-list" target="_blank" rel="noreferrer noopener">Elon Musk Claims Rival Billionaire Wants to ‘Destroy' Trump To Suppress Jeffrey Epstein Client List</a>
"Tesla investors are seeing patience wear thin as Musk is not reading the room. there has been "little to no sign of Musk at any Tesla factory or manufacturing facility in the last two months," he added.
Despite the criticism, several high-profile conservatives, including Fox News host Sean Hannity, have shown their support for Tesla by purchasing new vehicles and encouraging their followers to do the same.
On Wednesday, Tesla&#8217;s stock rose nearly 4% in pre-market trading, following a nearly&nbsp;4% increase the previous day.&nbsp;However, the&nbsp;stock was down more&nbsp;than 35% year-to-date.
Musk pledged on Tuesday&nbsp;that Tesla would double its&nbsp;vehicle production in the U.S.&nbsp;over the next two years.&nbsp;However, the specifics of this plan, including potential new investments, remain unclear.
Why It Matters: Investor confidence is a critical factor in a company&#8217;s success, and the current criticism Musk is facing could potentially impact Tesla&#8217;s performance. His involvement in the Trump administration and the resulting protests and vandalism could further affect the company&#8217;s reputation and sales. 
The uncertainty surrounding Musk&#8217;s commitment to Tesla and the lack of clarity on his plan to double vehicle production adds to the growing concerns among investors.
Read Next
<a href="https://www.benzinga.com/news/25/03/44065757/mark-cuban-warns-elon-musk-is-making-trumps-job-1000-times-harder" target="_blank" rel="noreferrer noopener">Mark Cuban Warns Elon Musk Is Making Trump's Job ‘1,000 Times Harder'</a>
Image: Shutterstock

Markets

Tesla's Biggest Bull Frustrated With Elon Musk's Focus On DOGE Over Company: 'Patience Wearing Thin'

Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has put a halt on its share buyback program.
What Happened: From&nbsp;February 10 to March 5,&nbsp;Berkshire Hathaway&nbsp;refrained from repurchasing any shares. 
A report <a href="https://www.barrons.com/articles/berkshire-stock-buyback-drought-warren-buffett-e34f73be">from</a> Barron's, citing the company&#8217;s proxy statement released on Friday, confirmed that there were approximately 1.438 million shares outstanding as of March 5, indicating no buybacks during this period.
This comes as the company&#8217;s stock is nearing an all-time high, marking the longest period without buybacks since CEO&nbsp;Warren Buffett&nbsp;was granted extended repurchase authority in 2018.
Despite the absence of buybacks,&nbsp;Berkshire&#8217;s stock has continued to perform robustly, outpacing the S&amp;P 500 this year. 
Also Read: <a href="https://www.benzinga.com/markets/25/03/44067982/heres-how-warren-buffett-made-billions-from-an-industry-he-didnt-understand">Here&#8217;s How Warren Buffett Made Billions From An Industry He Didn&#8217;t Understand</a>
Investors are&nbsp;drawn to the company&#8217;s diverse&nbsp;earnings base and defensive appeal,&nbsp;bolstered&nbsp;by over $300 billion in&nbsp;cash and equivalents.
According to <a href="https://www.benzinga.com/pro/">Benzinga</a> Pro, on Friday, Berkshire's Class A shares increased by 1.9% to $771,250, nearing a record high, while Class B shares rose 2% to $514.60.
The stock&nbsp;has seen a gain of approximately 13% this year, significantly surpassing the S&amp;P 500's 4% decline.
Why It Matters: Analysts estimate that Berkshire's intrinsic value is&nbsp;close to its current stock&nbsp;price. If the share price remains high,&nbsp;the company may continue to&nbsp;abstain from&nbsp;stock buybacks throughout the year,&nbsp;as per Barron&#8217;s. 
This could potentially impact the company&#8217;s future financial strategies and investor sentiment.
Read Next
<a href="https://www.benzinga.com/news/earnings/25/02/43903538/buffetts-key-lessons-in-berkshire-annual-letter-really-outstanding-businesses-are-very-seldom-offered-in-their-entirety" target="_blank" rel="noreferrer noopener">Buffett's Key Lessons in Berkshire Annual Letter: ‘Really Outstanding Businesses Are Very Seldom Offered in Their Entirety'</a>

Berkshire Hathaway Pauses Buybacks With Stock Near All-Time High

SpaceX has denied that its Starlink satellite unit aims to take over Verizon Communication's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) $2.4 billion telecommunications contract with the Federal Aviation Administration, amid speculation about <a href="https://www.benzinga.com/markets/25/03/44276820/elon-musk-reportedly-pledges-100-million-to-trump-linked-political-groups-amid-billion-dollar-losses-in-his-net-worth">Elon Musk&#8217;s influence in the Trump administration</a>.
&#8220;Starlink is a possible partial fix to an aging system. There is no effort or intent for Starlink to &#8216;take over&#8217; any existing contract,&#8221; SpaceX <a href="https://x.com/SpaceX/status/1897376764105478206">posted on X last week</a>. The company said it is &#8220;working with L3Harris and the FAA&#8221; on potential &#8220;infrastructure upgrade for aviation safety.&#8221;
Don't Miss:
<ul>
<li><a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a></li>
<li>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"> this is your last chance to become an investor for $0.80 per share.</a></li>
</ul>
The clarification came before Transportation Secretary Sean Duffy&#8216;s criticism of Verizon&#8217;s implementation pace. &#8220;Verizon is not moving fast enough,&#8221; Duffy said at a Tuesday press conference, <a href="https://www.reuters.com/business/media-telecom/usdot-says-verizon-not-moving-fast-enough-24-billion-faa-contract-2025-03-11/">according to Reuters</a>. &#8220;I can&#8217;t wait 10 years&#8230; The American people can&#8217;t wait 10 years or 12 years to lay fiber.&#8221;
Verizon responded that it is &#8220;open and willing to work with companies that may offer complementary services&#8221; and has solutions &#8220;ready to be deployed.&#8221;
The FAA is currently testing Starlink systems at several locations while noting that modernizing air traffic control will require &#8220;multiple technologies and companies.&#8221; <a href="https://www.reuters.com/business/aerospace-defense/faa-says-agency-needs-multiple-technologies-us-air-traffic-system-2025-03-05/">According to Reuters</a>, testing includes three Starlink terminals at an Alaska facility to improve weather information access for pilots, with additional evaluations underway in Oklahoma City and Atlantic City, New Jersey.&nbsp;
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
The Government Accountability Office has urged immediate action on aging air traffic control systems, noting one-third are unsustainable, <a href="https://www.reuters.com/business/aerospace-defense/faa-says-agency-needs-multiple-technologies-us-air-traffic-system-2025-03-05/">according to Reuters</a>. It has prompted discussions about the Verizon contract, which Reuters reported is under FAA review.
Some Democrats have suggested the contract might be redirected to Starlink, citing Musk&#8217;s relationship with President Donald Trump and his role leading the Department of Government Efficiency.&nbsp;
Musk has previously criticized the FAA&#8217;s current telecommunications infrastructure.
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
However, Duffy indicated no single company would provide the complete solution. &#8220;It&#8217;s not going to be one company. We&#8217;re going to need a lot of companies to buy in and help build up the system,&#8221; Duffy said.
Verizon, which met with senior FAA officials last week according to Reuters sources, maintains it &#8220;remains best positioned&#8221; to provide the needed technological enhancements.
The FAA has said it has not made any decision on the contract&#8217;s future, while Duffy plans to request &#8220;tens of billions of dollars&#8221; from Congress for air traffic control reform.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/startengine-own">The $1.3 Billion Startup Investment Boom: How This Company's Explosive Growth Is Opening Doors For Everyday Investors With A New $500 Minimum</a></li>
<li>This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a></li>
</ul>

Musk's Starlink Says It's Not Taking Over $2.4 Billion FAA Contract—But Testing Is Underway

President Donald Trump&#8216;s publicity stunt for Elon Musk-owned Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has not resulted in a sales uptick, as per the latest inventory check and new order delivery timelines in the U.S.
What Happened: A high-profile Tesla event in front of the White House this week has not yet had a positive effect on the company&#8217;s sales.
According to a report <a href="https://electrek.co/2025/03/14/trump-tesla-commercial-not-helping-inventory-check/">by</a> Electrek, despite being only four days since the event took place, it seems to have had minimal impact on Tesla&#8217;s sales, based on inventory checks and new order delivery timelines.
This event took place a day after Tesla&#8217;s stock took a 15% dive, significantly impacting Musk&#8217;s wealth.
Musk, a substantial financial backer of Trump, is reportedly considering another $100 million donation to Trump, leading to speculation about a potential reciprocal arrangement.
As of March 14, Tesla&#8217;s U.S. inventory showed no significant changes since the day of Trump&#8217;s ad. The Model 3 and Cybertruck inventories remained stable, with the only noticeable change being a decrease in the Model Y inventory by about 800 units.
Also Read: <a href="https://www.benzinga.com/news/25/03/44209536/trump-vs-musk-federal-workers-unconvinced-hell-take-action-if-they-dont-cut-elon-will-comments-show-whos-really-in-charge">Trump vs Musk? Federal Workers Unconvinced He&#8217;ll Take Action: &#8216;If They Don&#8217;t Cut, Elon will, Comments Show Who&#8217;s Really In Charge&#8217;</a>
On March 11, the day of the White House event, Tesla's U.S. inventory included 1,136 Model 3s, 2,332 Model Ys, and 1,010 Cybertrucks, according to Troy Teslike. As of March 14, the inventory stood at 1,435 Model 3s, 1,500 Model Ys, and 1,006 Cybertrucks. While Model 3 listings increased slightly, overall inventory levels remained relatively stable, showing no significant impact from the event.
However, attributing this decrease to Trump&#8217;s ad might be hasty, as Tesla has been aggressively discounting the old generation Model Y to make way for the new generation. 
While the event may have helped Tesla clear some old Model Y units, it&#8217;s highly unlikely that it spurred new orders for the new Model Y.
Why It Matters: The lack of a sales boost following the event raises questions about the effectiveness of such high-cost publicity stunts.
It also highlights the challenges Tesla faces in driving sales amid market volatility and the transition to new vehicle models. 
The situation underscores the importance of strategic marketing and product positioning in the highly competitive auto industry.
Read Next
<a href="https://www.benzinga.com/news/25/03/44067638/elon-musk-claims-rival-billionaire-wants-to-destroy-trump-to-suppress-jeffrey-epstein-client-list" target="_blank" rel="noreferrer noopener">Elon Musk Claims Rival Billionaire Wants to ‘Destroy' Trump To Suppress Jeffrey Epstein Client List</a>
Image: Shutterstock AI

Trump's Tesla Shoutout Falls Flat — No Spike in Orders or Inventory Movement

Rep. John Larson (D-CT)&nbsp; went all out during a fiery House Ways and Means Committee <a href="https://www.youtube.com/watch?v=4WmWZ0pZpyQ">hearing</a> on March 12, criticizing Republican lawmakers for blocking Elon Musk from testifying about his role in shaping Social Security policy.&nbsp;
Larson, the top Democrat on the House's Social Security subcommittee, accused Musk and President Donald Trump's administration of pushing for a plan to <a href="https://www.benzinga.com/personal-finance/25/03/44252340/up-next-privatizing-social-security-warns-bernie-sanders-says-trump-wants-to-undermine-a-program-that-lifted-27-6m-from-poverty">privatize the program</a> while avoiding public accountability.
&#8220;Where's Elon Musk? I'm sure he's a genius and is a very credible person because of the wealth he's accumulated, but that does not put him above the law or the responsibility to come before this committee and this Congress,&#8221; Larson said.
Don't Miss:
<ul>
<li><a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a></li>
<li>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"> this is your last chance to become an investor for $0.80 per share.</a></li>
</ul>
<h2 class="wp-block-heading">Privatization Push Under Fire</h2>
Larson has spent years advocating for <a href="https://www.benzinga.com/personal-finance/24/07/39843652/congress-has-not-done-anything-in-53-years-about-social-security-says-u-s-rep-john-larson">Social Security's expansion</a>, but recent moves by the Trump administration have raised alarms among Democrats. Musk, a Trump ally, has <a href="https://www.benzinga.com/news/25/03/44156805/elon-musk-once-again-calls-social-security-the-biggest-ponzi-scheme-of-all-time-struggles-to-explain-to-joe-rogan-why">repeatedly called Social Security</a> the &#8220;biggest Ponzi scheme of all time&#8221; and claimed without evidence that officials had uncovered hundreds of millions of dollars in fraud.
In recent weeks, the Department of Government Efficiency, led by Musk, has moved to cut thousands of jobs at the Social Security Administration and shut down field offices nationwide—including in Connecticut. The Washington Post <a href="https://www.washingtonpost.com/politics/2025/03/12/social-security-phone-doge-elderly-disabled/">reported</a> that under pressure from DOGE, the agency is even considering eliminating phone services, a critical resource for millions of Americans who rely on Social Security benefits.
Larson argued that these actions are designed to weaken the program and set the stage for privatization. &#8220;Because he's out to privatize Social Security,&#8221; Larson said when answering his own question about Musk's absence from the hearing.
Trending: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a>
<h2 class="wp-block-heading">GOP Faces Backlash Over Hearing</h2>
Democrats, including Sens. Richard Blumenthal (D-CT) and Chris Murphy (D-CT), have called on the SSA to explain its decision to cut staff and services.
&#8220;As one of the nation's most popular and effective programs, Social Security provides a foundation of income on which workers can build for their retirement, as well as valuable insurance protection against unexpected hardship,&#8221; they wrote in a <a href="https://www.rosen.senate.gov/wp-content/uploads/2025/03/030625_letter_to_ssa_acting_commissioner_re.staffingreductions.pdf">letter</a> to SSA Acting Commissioner Leland Dudek. &#8220;By slashing staff and eliminating field offices, fewer Americans will be able to seek assistance during pivotal life events and risk causing further hardship to those in dire circumstances.&#8221;
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
Republicans have defended Musk, arguing that his claims about fraud deserve further investigation. Trump himself has also made conflicting statements, echoing Musk's fraud allegations while also <a href="https://www.benzinga.com/personal-finance/24/07/39956660/donald-trump-swears-to-protect-social-security-but-formerly-referred-to-it-as-a-ponzi-scheme">promising to &#8220;protect&#8221;</a> Social Security. Critics, however, see the administration's moves as part of a broader attempt to weaken public trust in the program and justify future cuts.
With Republicans controlling the House and Senate, Musk and Trump's influence over Social Security policy remains a major concern for Democrats. Larson and his colleagues are demanding that the administration turn over documents related to its plans for the program. But for now, one major question remains unanswered:
&#8220;If these plans and all the fraud and abuse he's found are so eminent, why isn't he here explaining it?&#8221; Larson asked during the hearing. So far, Musk has yet to respond.
Read Next:
<ul>
<li>This Startup Is On The Brink Of A Huge Disruption To The $654 Billion Industry – <a href="https://www.benzinga.com/money/venhub-adv">Invest In It Before It Fulfills 800 Pre-Orders</a></li>
<li>Hasbro, MGM Resorts, and Sketchers Use this Pre-IO AI Marketing Firm — <a href="https://www.benzinga.com/money/rad-intel">and You Can Own a Piece of it From $0.55/Share</a></li>
</ul>

'Where Is Elon Musk?'—Rep. Larson Blasts GOP For Blocking His Testimony In Congress, Says His Wealth Doesn't Put Him 'Above The Law'

ARK Invest CEO Cathie Wood <a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39294523/cathie-wood-ark-invest-set-new-2-600-price-target-for-tesla-every-car-becomes-an-ai-powered-c">maintains her ambitious $2,600 price target</a> for Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) by 2029—valuing the company at over $9 trillion—despite the stock&#8217;s near 41% decline since the beginning of the year.
&#8220;It&#8217;s winner take most,&#8221; Wood said of Tesla&#8217;s position in the autonomous vehicle race during <a href="https://www.bloomberg.com/news/audio/2025-03-11/cathie-wood-on-what-s-next-for-ai-tesla-big-tech-tsla?srnd=phx-markets">Bloomberg&#8217;s "Odd Lots" podcast</a>. &#8220;And we do believe that Tesla will be and is in the pole position here in the United States.&#8221;
Wood sees robotaxis as an $8 trillion to $10 trillion opportunity that could transform Tesla from an auto manufacturer to a software company. She predicts autonomous vehicles will boost Tesla&#8217;s gross margins from the current 16% to up to 90%, according to <a href="https://fortune.com/2025/03/04/elon-musk-inventor-of-our-age-doge-distracted-cathie-wood-tesla-stock/">Fortune</a>.
Don't Miss:
<ul>
<li><a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a></li>
<li>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"> this is your last chance to become an investor for $0.80 per share.</a></li>
</ul>
Wood's bullish outlook hasn&#8217;t translated into strong performance for her flagship $6 billion ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), where Tesla <a href="https://www.ark-funds.com/funds/arkk">represents the largest holding at 10.74%</a>. The fund has gained just 2% over the past five years while the S&amp;P 500 has nearly doubled.&nbsp;
ARKK is down more than 16% year-to-date.
However, retail investors added nearly $300 million to ARKK on Monday—its largest single-day inflow in two years, <a href="https://www.bloomberg.com/news/articles/2025-03-11/arkk-fans-plow-300-million-into-battered-etf-despite-big-losses?embedded-checkout=true">according to Bloomberg</a>. It came despite the fund tumbling about 9% that day amid a broader market selloff.
Matt Maley, chief market strategist at Miller Tabak + Co., told Bloomberg that retail investors are buying tech stocks as the sector has taken a beating this year. The &#8220;buy-the-dip&#8221; mentality is strong, according to Bloomberg, particularly among those seeking Tesla exposure.
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
Wood called Musk &#8220;the inventor of our age&#8221; and dismissed concerns that his role heading the Department of Government Efficiency would distract from Tesla. &#8220;He&#8217;s surrounded himself by businesspeople and engineers who want to work on the hardest projects in the world,&#8221; she said.
Beyond Tesla, Wood anticipates an &#8220;R&amp;D explosion in health care,&#8221; with CRISPR Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>) representing <a href="https://www.ark-funds.com/funds/arkk">nearly 6% of ARKK&#8217;s portfolio</a>. She compared President Donald Trump&#8217;s second term to the &#8220;Reagan revolution,&#8221; calling that era &#8220;the heyday, golden age of active management.&#8221;
Despite Monday&#8217;s inflow, ARKK hasn&#8217;t seen a monthly net positive since December 2023, according to Bloomberg.&nbsp;
Bloomberg noted that many of ARKK&#8217;s top holdings from November 2021 remain unchanged, including Tesla, Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)—none of which have kept pace with the broader market since then.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/overplay">Mark Cuban Backs This Innovative Startup That Turns Videos into Games  &#8212; Claim Your Share Now</a></li>
<li>This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a></li>
</ul>

ARKK

COIN

CRSP

ROKU

SHOP

Cathie Wood Stands By Tesla's $2,600 Price Target Despite 40% Stock Drop: 'It's Winner Take Most

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener"> many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
This week, U.S. stock markets tumbled into correction territory, with the S&amp;P 500 dropping over 10% from February highs. Investor fears surged over President Donald Trump's tariff hikes on Canadian steel and aluminum, fueling recession concerns and a potential global slowdown.
Consumer confidence plummeted, with the University of Michigan's index falling 11% to 57.9, its lowest since 2022. Trade tensions, government layoffs, and immigration restrictions stoked worries about reduced spending and a weakening job market.
Despite the turmoil, markets rebounded Friday, with the Dow Jones gaining over 200 points as utilities, tech, and energy stocks rallied. However, consumer staples and financials lagged, underscoring persistent economic uncertainty.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.
The Bulls
In <a href="https://www.benzinga.com/news/earnings/25/03/44317205/docusign-q4-earnings-revenue-beat-eps-beat-billings-up-11-shares-move-higher-despite-soft-guidance">"DocuSign Q4 Earnings: Revenue Beat, EPS Beat, Billings Up 11%, Shares Move Higher Despite Soft Guidance"</a>, by Adam Eckert, DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) reports a 9% revenue increase to $776.3 million and adjusted earnings per share of 86 cents, surpassing expectations, with billings up 11%, though shares rose despite soft guidance.
In <a href="https://www.benzinga.com/25/03/44301722/d-wave-quantum-stock-rallies-on-strong-q4-booking-growth-and-optimistic-outlook">"D-Wave Quantum Stock Gains On Strong Q4 Booking Growth, Optimistic Outlook"</a> by Nabaparna Bhattacharya, D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) reports a 502% year-over-year increase in Q4 bookings to $18.3 million and anticipates Q1 2025 revenue to exceed $10 million, driven by the sale of an Advantage quantum computer.
In <a href="https://www.benzinga.com/25/03/44323837/radius-recycling-lands-merger-deal-at-115-premium-shares-skyrocket">"Radius Recycling Lands Merger Deal At 115% Premium, Stock Skyrockets"</a> by Lekha Gupta, Radius Recycling Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) agrees to a $1.34 billion acquisition by Toyota Tsusho America, offering $30 per share—a 115% premium—causing Radius shares to surge 109% premarket.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/top-stories/25/03/44313558/nvidia-stock-reached-all-time-highs-after-jensen-huangs-ces-keynote-will-next-weeks-gtc-spark-another-surge">Nvidia Stock Reached All-Time Highs After Jensen Huang's CES Keynote — Will Next Week's GTC Spark Another Surge?</a>
<a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44302205/why-intel-stock-is-surging-thursday">Why Intel Stock Is Surging Thursday</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44317256/bitcoin-to-hit-250k-by-end-of-2025-tim-draper-predicts-will-be-the-dominant-currency-of-the-world">Bitcoin To Hit $250K By End Of 2025 Tim Draper Predicts: ‘Will Be The Dominant Currency Of The World'</a>
The Bears
In <a href="https://www.benzinga.com/news/large-cap/25/03/44237691/magnificent-7-sheds-over-750-billion-in-market-cap-in-one-day-is-big-techs-honeymoon-over">"Magnificent 7 Sheds Over $750 Billion In Market Cap In One Day: Is Big Tech's Honeymoon Over?"</a> by Hayden Buckfire, the Magnificent Seven tech companies, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), collectively lost approximately $780 billion in market capitalization on Monday, driven by investor concerns over a potential recession and President Donald Trump's proposed tariff plans.
In <a href="https://www.benzinga.com/general/social-media/25/03/44286296/trump-media-technology-stock-drops-50-since-inauguration-day">"Trump Media &amp; Technology Stock Drops 50% Since Inauguration Day"</a> by Erica Kollmann, Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares have fallen 50% since President Donald Trump's inauguration, closing at $19.50, amid market volatility and policy uncertainties.
In <a href="https://www.benzinga.com/25/03/44274151/palantirs-stock-takes-a-hit-but-will-aipcon-defense-deals-be-the-comeback-catalyst">"Palantir's Stock Takes A Hit: Will AIPCon And Defense Deals Be The Comeback Catalyst?"</a> by Surbhi Jain, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares have declined 33.51% over the past month, trading below key moving averages, as investors await potential catalysts from the upcoming AIPCon and recent defense contracts.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/trading-ideas/movers/25/03/44307671/is-high-flying-ionq-stock-a-disaster-in-the-making-shares-slide-as-short-seller-raises-red-flags">Is High-Flying IonQ Stock A ‘Disaster In The Making'? Shares Slide As Short Seller Raises Red Flags</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44256996/terawulf-stock-tanks-death-cross-spells-trouble-for-bitcoin-miner">TeraWulf Stock Tanks: Death Cross Spells Trouble For Bitcoin Miner</a>
<a href="https://www.benzinga.com/25/03/44229052/oracle-stock-stumbles-into-q3-earnings-will-buyers-step-in-as-it-nears-oversold-territory">Oracle Stock Stumbles Into Q3 Earnings: Will Buyers Step In As It Nears Oversold Territory</a>
Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

DOCU

PLTR

QBTS

RDUS

Benzinga Bulls And Bears: DocuSign, Magnificent 7, Palantir — And Tariffs Keep Roiling Markets

Last year, Warren Buffett was criticized and mocked for sitting on a mountain of cash while markets surged. However, now, with stocks tumbling and recession fears mounting, the "Oracle of Omaha" suddenly looks like the only one who saw it coming.
What Happened: Berkshire Hathaway sold a staggering <a href="https://in.benzinga.com/markets/equities/25/02/44018996/buffetts-on-the-sidelines-should-you-follow">$134 billion worth</a> of stocks in 2024 — and barely touched the cash.
Buybacks were paused entirely in the second half, leaving Buffett's firm with a record-breaking <a href="https://in.benzinga.com/25/02/43904932/warren-buffett-favors-5-treasury-bills-over-buybacks-as-berkshire-hathaways-cash-pile-surges-the-rate-of-change-thats-most-telling-says-lawrence-mcdonald">$334 billion cash reserve</a> by year's end. At the time, critics questioned his reluctance to reinvest as the S&amp;P 500 logged two consecutive years of 20%+ gains.
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44212384/bill-ackman-clashes-with-david-sacks-over-ukraine-strategy-asks-if-us-should-let-russia-take-the-rest-of-eastern-europe" target="_blank" rel="noreferrer noopener">Bill Ackman Clashes With David Sacks Over Ukraine Strategy, Asks If US Should Let Russia ‘Take The Rest Of Eastern Europe'</a>
Now, those same critics are eating their words.
Buffett slashed his Apple Inc. stake from 49% to just 23% of Berkshire's portfolio and reduced holdings in Bank of America. Weeks later, markets began to unravel.
The <a href="https://in.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence">Nasdaq 100 dropped 8.83%</a> in just 18 days, while JPMorgan stock — sold by CEO Jamie Dimon in a $234 million February trade — tumbled more than 9.6%.
The Internet Is Paying Attention:
"There is only one billionaire in the top 10 whose net worth increased today: Warren Buffett," posted X user Dan Stone, sharing a screenshot of showing Buffett being the only one whose net worth increased by $607 million on March 10, 2025, amid a broader market decline
<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">There is only one billionaire in the top 10 whose net worth increased today: Warren Buffett <a href="https://t.co/1HvrJioUJf">pic.twitter.com/1HvrJioUJf</a>
&mdash; Dan Stone (@dan5one) <a href="https://twitter.com/dan5one/status/1899237658741920003?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another chimed in: "Just remember, there was a reason why Warren Buffett went $$340 billion cash. He knew."
Here are some other reactions:&nbsp;
<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">Warren Buffett is so smart he managed to sit out a Bull market which gained 42% so he could avoid the horrible losses of a 8% correction &#8211; Fintwit &#x1f609; <a href="https://t.co/sqlyv1oQuF">pic.twitter.com/sqlyv1oQuF</a>
&mdash; Reminiscences of an American Capitalist (@4Awesometweet) <a href="https://twitter.com/4Awesometweet/status/1899513384007303511?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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">Warren Buffett watching the stock market collapse while holding $300 Billion in T-Bills<a href="https://t.co/dkf6z23d0c">pic.twitter.com/dkf6z23d0c</a>
&mdash; Geiger Capital (@Geiger_Capital) <a href="https://twitter.com/Geiger_Capital/status/1899166290570260818?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On Threads, the reaction was even sharper. "Funny how just days before the recent stock market crash, Warren Buffett cashed out $334 billion in stocks," wrote one user. "Meanwhile, JPMorgan CEO Jamie Dimon also sold hundreds of millions in shares. Coincidence? Or do they know something we don't?"
Another said, "Warren Buffett always knows when the collapse is coming because he's the first person they call when they need someone to bail them out."
Why It Matters: Economic uncertainty is growing, with President Donald Trump referring to the current state as "a period of transition" when asked about the likelihood of a recession.
Meanwhile, warning signs from the bond market are flashing, as investors increasingly favor short-term Treasuries amid expectations of interest <a href="https://www.benzinga.com/markets/equities/25/03/44212386/stock-futures-drop-as-reverse-trump-trade-takes-holdpeter-schiff-says-market-shift-long-overdue-and-will-likely-continue-for-a-decade">rate cuts by the Federal Reserve</a>.
Buffett has voiced <a href="https://www.benzinga.com/news/25/03/44122159/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil">sharp criticism of tariffs</a>, calling them "an act of war" and equating them to a hidden tax on consumers. Analysts at Goldman Sachs have cautioned that a 5% hike in tariffs could slash corporate earnings by 1–2%, potentially leading to a 5% drop in the S&amp;P 500.
Still, Buffett remains optimistic about the future of U.S. businesses, reaffirming his confidence by saying, "A majority of any money I manage will always be in the United States."
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212386/stock-futures-drop-as-reverse-trump-trade-takes-holdpeter-schiff-says-market-shift-long-overdue-and-will-likely-continue-for-a-decade" target="_blank" rel="noreferrer noopener">Stock Futures Drop As ‘Reverse Trump Trade' Takes Hold—Peter Schiff Says Market Shift ‘Long Overdue' And Will Likely Continue For A Decade</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tech

Warren Buffett's Berkshire Hathaway Sold $134 Billion In Stocks In 2024, Timing It Perfectly As Recession Fears Mount: The Internet Is In Awe

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has reportedly paused deliveries of Cybertruck after multiple owners complained that exterior metal panels were detaching.
What Happened: Tesla delivery agents have stated that all outbound Cybertruck shipments have been halted due to concerns that the adhesive used to attach the stainless steel panels is failing, <a href="https://electrek.co/2025/03/13/tesla-cybertruck-deliveries-are-on-hold-as-trims-are-flying-off-the-bulletproof-truck/">reported</a> Electrek.
Images shared by owners on social media show sharp-edged trim flapping in the wind and, in some cases, entire bumpers hanging loose.
<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">Just GLUED on?? What a piece of junk! <a href="https://twitter.com/cybertruck?ref_src=twsrc%5Etfw">@Cybertruck</a> here reminds me of how growing up as a child toys transitioned from having solid, well-made, screwed on pieces and parts into crudely glued together chunks of crude plastic and die cast pot metal. Bad look, <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a>. REALLY bad. <a href="https://t.co/3sjdfOPmAj">pic.twitter.com/3sjdfOPmAj</a>
&mdash; Darth Continent (@DarthContinent) <a href="https://twitter.com/DarthContinent/status/1900182399171833876?ref_src=twsrc%5Etfw">March 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Owners in colder climates, in particular, have been raising concerns for weeks, with some drivers filing complaints with the National Highway Traffic Safety Administration (NHTSA).
See Also: <a href="https://in.benzinga.com/25/02/43456592/tesla-researcher-expects-cybertruck-deliveries-to-fall-in-2025-order-backlog-is-gone">Tesla Cybertruck Headed For A Sales Crash In 2025? Analyst Sounds The Alarm, Predicts Elon Musk-led EV Giant Will Move Less Than A Third Of Street Estimates</a>
Tesla has not issued an official statement addressing the reported defect or the delivery halt. The company has already recalled Cybertrucks for other issues, including accelerator pedals sticking and plastic trim pieces detaching during normal use.
Why It's Important: The Cybertruck, one of Tesla's most hyped vehicles, has faced a rocky rollout since its launch, with delays, recalls, and quality control concerns piling up.&nbsp;
In August 2024, YouTuber Cody Detwiler, known as WhistlinDiesel, drew widespread attention after subjecting a Cybertruck to a series of stress tests, revealing how easily the vehicle's exterior could be damaged.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="WhistlinDiesel Cybertruck Durability Test #1" width="500" height="281" src="https://www.youtube.com/embed/PK_EJ3DyiiA?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>
Additionally, the Cybertruck&#8217;s controversial design has impacted business for some owners. Yoni Menaker, a business owner, reported losing $70,000 in contracts due to customer aversion to the <a href="https://in.benzinga.com/personal-finance/25/03/44249300/tesla-cybertruck-owner-says-hes-lost-70k-in-business-over-backlash-customers-hate-it-but-he-loves-it-the-best-truck-ive-ever-had">vehicle&#8217;s appearance</a>.
Tesla CEO Elon Musk once touted the <a href="https://www.benzinga.com/news/24/02/37306930/elon-musk-dubs-cybertruck-finest-in-apocalypse-defense-technology-after-ev-pickups-cameras-record-fa">Cybertruck as apocalypse-proof</a>, but ongoing quality issues may turn the bold EV into a reputational risk for the brand.
Last month, it was reported that the EV giant has been struggling with inventory buildup as Cybertruck units were seen accumulating <a href="https://www.benzinga.com/tech/25/02/44037023/tesla-cybertruck-inventory-swells-despite-discounts-falling-short-of-elon-musks-vision">outside Tesla&#8217;s Texas gigafactory</a>. This has led to aggressive discounting strategies to boost sales.
Price Action: Tesla shares closed at $249.98 on Friday, up 3.86% for the day. The stock is down 34.09% year to date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43455022/fords-mustang-mach-e-was-its-saving-grace-in-january-as-sales-of-its-other-evs-dipped" target="_blank" rel="noreferrer noopener">Mustang Mach-E Accelerates Ford's EV Sales In January Even As F-150 Lightning Slows Down</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Media

Elon Musk's Tesla Halts Cybertruck Deliveries After Metal Panels Reportedly Fall Off — Owners Living In Cold Weather Say Glue Is Failing

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly facing internal turmoil as it <a href="https://in.benzinga.com/media/25/03/44207932/apple-delays-next-gen-siri-its-going-to-take-us-longer-than-we-thought-to-deliver-ai-upgrades">struggles to fix major AI failures</a> in Siri, with a top executive calling the delays ugly and embarrassing after the company prematurely marketed features that weren't ready.
What Happened: During an all-hands meeting for Apple's Siri division, senior director Robby Walker acknowledged the frustration among employees over the repeated delays of key AI-powered Siri enhancements, <a href="https://www.bloomberg.com/news/articles/2025-03-14/apple-s-siri-chief-calls-ai-delays-ugly-and-embarrassing-promises-fixes">reported</a> Bloomberg, citing people familiar with the matter.
"This was not one of those situations where we get to show people our plan after it's done," Walker told staff, referring to <a href="https://www.benzinga.com/news/24/06/39228141/apple-intelligence-what-to-expect-from-tim-cooks-wwdc-plans-for-bringing-ai-to-iphone-ipad-and-mac">Apple's demonstration of its AI features</a> at WWDC. "We showed people before."
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44069535/anthropic-ceo-dario-amodei-pushes-for-stronger-us-ai-safeguards-saying-autocracies-like-china-and-russia-could-use-ai-to-expand-their-power" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Anthropic Pushes For Stronger US AI Safeguards, Saying Autocracies Like China, Russia Could Use AI To Expand Their Power</a>
Walker admitted that Apple's marketing team made the situation worse by promoting the upcoming Siri features in TV commercials and branding campaigns despite knowing they were not ready for launch.
Initially <a href="https://www.benzinga.com/news/24/07/39665558/apples-most-awaited-siri-ai-upgrade-will-not-come-until-2025-report">expected in early 2024</a>, the AI-powered Siri enhancements—designed to improve personal assistant functionality, data integration, and app control—have been repeatedly delayed due to performance issues.
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.
Walker said Apple found that the features only worked properly two-thirds to 80% of the time, meaning they failed one out of every three attempts.
Apple now aims to roll out the improvements in iOS 19, but Walker warned that even this timeline is uncertain, citing competing priorities within Apple's software and hardware teams.
Why It's Important: The delays highlight Apple's ongoing struggles in AI, particularly as competitors like OpenAI, Alphabet Inc.'s (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>) Google, Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) advance rapidly.&nbsp;
Siri has lagged behind rivals, and these setbacks reinforce concerns about <a href="https://www.benzinga.com/tech/25/03/44068020/apples-ai-crisis-falling-behind-in-the-ai-race">Apple's ability to compete in the AI space</a>.
Apple's AI missteps come as the company faces a 12.45% stock decline year-to-date amid broader market struggles.
Earlier this week, Morgan Stanley raised concerns over Apple&#8217;s AI delay, cutting its <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44284821/apple-stock-takes-a-bite-out-of-investors-as-siri-fumbles-ai-race">price target from $275 to $252</a>.&nbsp;
Meanwhile, in a bid to regain its footing, Apple has reportedly partnered with Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) to enhance <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/02/43655603/apple-finds-its-ai-wingman-in-alibaba-can-it-power-an-iphone-comeback-in-china">AI features in iPhones</a> for the Chinese market. This collaboration could be crucial for Apple&#8217;s efforts to reclaim market share in China.
Price Action: Apple&#8217;s stock closed at $213.49 on Friday, rising 1.82% for the day. However, after-hours trading saw a slight decline of 0.094%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/25/03/44344993/apple-reportedly-fights-uk-governments-unacceptable-encryption-order-behind-closed-doors-no-press-or-public-allowed">Apple Reportedly Fights UK Government&#8217;s &#8216;Unacceptable&#8217; Encryption Order Behind Closed Doors — No Press Or Public Allowed</a></li>
</ul>
Photo courtesy: Apple

AAPL

AMZN

BABA

GOOG

GOOGL

MSFT

Apple Scrambles To Fix Siri's AI Failures After Public Misstep—Top Executive Admits Marketing It Too Soon Made Things Worse

On Friday, Mar. 14, 2025, the&nbsp;Cathie Wood-led&nbsp;Ark Invest&nbsp;made significant trades involving&nbsp;GitLab Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>),&nbsp;Intellia Therapeutics Inc&nbsp;(NGM: NTLA),&nbsp;Prime Medicine Inc&nbsp;(NGM: PRME),&nbsp;UiPath Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>),&nbsp;Ibotta Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NYSE">IBTA</a>),&nbsp;Roblox Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>),&nbsp;Repare Therapeutics Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>), and&nbsp;CareDx Inc&nbsp;(NGM: CDNA).
The PATH Trade:&nbsp;Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) funds sold shares of UiPath Inc. The ARKK fund sold 1,092,269 shares, while the ARKW fund sold 158,650 shares.
With the stock closing at $10.88, the total value of the sold shares was approximately $13.61 million.
The RBLX Trade:&nbsp;Ark Invest&#8217;s ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) and ARKW funds sold shares of Roblox Corp. The ARKF fund sold 10,057 shares, while the ARKW fund sold 28,700 shares.
With the stock closing at $56.51, the total value of the sold shares was approximately $2.19 million.
The GTLB Trade:&nbsp;Ark Invest&#8217;s ARKK fund bought 81,543 shares of GitLab Inc, with the stock closing at $52.08. This translated to an investment of approximately $4.24 million.
The ARKW fund also purchased 22,610 shares of GitLab Inc, amounting to an investment of around $1.18 million.
The NTLA Trade:&nbsp;The ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARKK funds of Ark Invest bought shares of Intellia Therapeutics Inc. The ARKG fund acquired 11,276 shares, while the ARKK fund purchased 56,244 shares.
With the stock closing at $9.14, the total investment was approximately $0.62 million.
The PRME Trade:&nbsp;Ark Invest&#8217;s ARKK fund sold 46,026 shares of Prime Medicine Inc. The stock closed at $1.79, making the total value of the sold shares around $82,386.
The IBTA Trade:&nbsp;Ark Invest&#8217;s ARKF and ARKW funds bought shares of Ibotta Inc. The ARKF fund acquired 10,967 shares, while the ARKW fund purchased 68,234 shares.
With the stock closing at $37.87, the total investment was approximately $2.99 million.
The RPTX Trade:&nbsp;Ark Invest&#8217;s ARKG fund sold 53,449 shares of Repare Therapeutics Inc.
The stock closed at $1.1, making the total value of the sold shares around $58,794.
The CDNA Trade:&nbsp;Ark Invest&#8217;s ARKG fund sold 47,153 shares of CareDx Inc. The stock closed at $18.9, making the total value of the sold shares around $891,191.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44345022/ray-dalio-has-a-chilling-warning-for-president-trump-debt-crisis-is-imminent-and-an-issue-of-paramount-importance">Ray Dalio Has A Chilling Warning For President Trump: Debt Crisis Is Imminent, And An Issue Of &#8216;Paramount Importance&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

ETFs

ARKF

ARKG

ARKW

CDNA

GTLB

IBTA

NTLA

PATH

PRME

RBLX

RPTX

Cathie Wood's Ark Invest Continues To Offload UiPath, Roblox: Loads Up On GitLab, Ibotta

On Friday, Vice President JD Vance said <a href="https://in.benzinga.com/news/global/25/02/43604572/jd-vance-quarterbacking-tiktok-deal-will-his-venture-capital-experience-secure-a-win">that a deal to keep</a> TikTok operating in the U.S. under American ownership is close to being finalized ahead of the April 5 deadline.
What Happened: In an <a href="https://www.nbcnews.com/politics/jd-vance/vance-high-level-agreement-tiktok-april-5-deadline-rcna196410">interview</a> with NBC News aboard Air Force Two, Vance expressed optimism that a framework to create "a distinct American TikTok enterprise" will be in place, even if all the legal paperwork isn't completed by the deadline.
"There will almost certainly be a high-level agreement that I think satisfies our national security concerns," he said.
See Also: <a href="https://www.benzinga.com/25/01/42758430/tiktok-fined-10-million-in-venezuela-as-supreme-court-blames-platform-for-failing-to-prevent-deadly-viral-challenges">TikTok Fined $10 Million In Venezuela, Funds To Be Used To Compensate Victims Of Deadly Viral Challenges</a>
"The deal itself will be very clear, but actually creating those thousands and thousands of pages of legal documents, that's the one thing that I worry could slip," Vance added.
Why It's Important: The Joe Biden-era law requires TikTok's Chinese parent company, ByteDance, to sell the app to a U.S. buyer or face a nationwide ban.
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.
President Donald Trump, who issued a <a href="https://in.benzinga.com/markets/25/03/44213698/us-courts-new-buyers-for-tiktok-as-deal-deadline-approaches-all-four-are-good-says-trump">75-day delay on enforcing</a> the ban upon taking office, tasked Vance and national security adviser Michael Waltz with facilitating the deal.
ByteDance has not confirmed any negotiations publicly, but several high-profile U.S. bidders, including Reddit co-founder Alexis Ohanian and entrepreneur Reid Rasner, have expressed interest.
Previously, it was reported that discussions surrounding the sale of TikTok&#8217;s U.S. operations had reached a <a href="https://in.benzinga.com/general/social-media/25/02/43511395/trump-pushes-for-tiktok-deal-china-could-oblige-if-it-werent-for-those-tariffs-heres-what-we-know">standstill with ByteDance</a> stalling negotiations as it awaited approval from Beijing.
China has reportedly taken a firm stance on the matter and may prefer allowing TikTok's U.S. branch to shut down rather than consenting to a sale unless Washington agrees to broader trade and technology concessions.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42739523/apple-amazon-samsung-and-nintendo-what-tech-marvels-are-these-giants-cooking-in-2025?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple, Amazon, Samsung, And Nintendo: What Tech Marvels Are These Giants Cooking In 2025</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Social Media

TikTok Ban Deadline Looms, But Vice President JD Vance Confirms 'High-Level' US Ownership Deal Is Nearly Done

Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://in.benzinga.com/tech/25/02/43903365/apple-ditches-budget-smartphone-segment-with-iphone-16e-launch">newly released</a> iPhone 16e is off to a strong start, but analysts say it won't be enough to offset the tech giant's declining sales in China this year.
What Happened: According to IDC, sales of the iPhone 16e in its first three days were 60% higher than those of the third-generation iPhone SE launched in 2022, <a href="https://www.bloomberg.com/news/articles/2025-03-14/apple-s-iphone-16e-is-outselling-iphone-se-but-won-t-reverse-china-slide?cmpid%3D=socialflow-twitter-tech&amp;utm_medium=social&amp;utm_content=tech&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter">reported</a> Bloomberg.
The <a href="https://www.benzinga.com/tech/25/02/43820197/apple-unveils-iphone-16e-with-a18-chip-ai-features-599-price-tag">new $599 model replaces</a> the $429 iPhone SE, offering a refreshed budget option for consumers. However, the device features only a single rear camera, limited base storage, and lacks advanced AI capabilities — a disadvantage in China's competitive smartphone market.
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44069535/anthropic-ceo-dario-amodei-pushes-for-stronger-us-ai-safeguards-saying-autocracies-like-china-and-russia-could-use-ai-to-expand-their-power" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Anthropic Pushes For Stronger US AI Safeguards, Saying Autocracies Like China, Russia Could Use AI To Expand Their Power</a>
IDC projects Apple's overall sales in China will fall about 2% in 2025. "The competition from Android will be even stronger, strengthened by the national China subsidies which will benefit Android significantly more than Apple," stated Nabila Popal, IDC's senior director.
While Apple plans to roll out its <a href="https://www.benzinga.com/markets/25/02/43683976/apple-intelligence-rollout-in-china-and-europe-to-boost-iphone-sales-says-deepwaters-gene-munster">Apple Intelligence AI suite in China</a> later this year, that may not be enough to shift consumer sentiment, the report noted.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Apple may find success elsewhere. IDC expects the iPhone 16e to account for up to 20% of iPhone sales in India in the second half of 2025.
Apple previously reported an 11% sales decline in China over the holiday period, with the iPhone likely a key contributor.
Apple reported $124.3 billion in revenue for its <a href="https://in.benzinga.com/news/earnings/25/01/43355688/apple-q1-earnings-revenue-beat-eps-beat-iphone-sales-slip-installed-base-climbs-to-all-time-high-our-best-quarter-ever">fiscal first quarter</a>, surpassing analysts&#8217; expectations of $124.13 billion. iPhone sales reached $69.14 billion, slightly lower than the $69.7 billion recorded in the same period last year.
Price Action: Apple&#8217;s stock closed at $213.49 on Friday, rising 1.82% for the day. However, it edged down 0.094% in after-hours trading. Year to date, AAPL is down 12.45%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/25/03/44344993/apple-reportedly-fights-uk-governments-unacceptable-encryption-order-behind-closed-doors-no-press-or-public-allowed">Apple Reportedly Fights UK Government&#8217;s &#8216;Unacceptable&#8217; Encryption Order Behind Closed Doors — No Press Or Public Allowed</a></li>
</ul>
Photo courtesy: Apple

Apple's iPhone 16e Outsells iPhone SE By 60%, But Analysts Say It Won't Stop China Sales From Sliding In 2025

Ray Dalio, founder of Bridgewater Associates, has raised alarms about the United States&#8217; national debt, predicting an imminent crisis.
What Happened:&nbsp;According <a href="https://fortune.com/2025/03/12/national-debt-burden-ray-dalio-foreign-government-pressure/">to</a>&nbsp;a report by Fortune, Dalio expressed his concerns during his speech at the CONVERGE LIVE event in Singapore on Thursday.
Dalio highlighted a severe imbalance between supply and demand, noting that the debt-to-GDP ratio has reached 122%, surpassing the nation&#8217;s economic output. He warned that the U.S. might soon face difficulties selling its debt, as foreign investors like China and Japan are pulling back.
The&nbsp;Congressional Budget Office (CBO)&nbsp;projects that the debt ratio could escalate to 166% by 2054.
"We have a very severe supply and demand problem. Some people think we'll handle it because we've handled it so far. I don't think they understand the mechanics of debt," he said, according to the report.
Dalio emphasized that the U.S. will eventually need to sell debt that global markets may not be interested in purchasing, a scenario he described as &#8220;paramount importance.&#8221;
Dalio suggested that the current&nbsp;federal budget deficit of 7.2%&nbsp;of GDP is unsustainable, advocating for a reduction to around 3%.
He hinted at potential measures such as debt restructuring and political pressure on foreign governments to purchase U.S. debt.
Joao Gomes, a finance professor at Wharton Business School, echoed Dalio&#8217;s concerns, noting the declining interest from traditional debt buyers. He warned that if investors demand higher interest rates, it could lead to significant economic disruptions.
Why It Matters: Dalio&#8217;s warnings are not new, but they are increasingly urgent.
In February, he <a href="https://www.benzinga.com/markets/25/02/43756938/ray-dalio-warns-of-looming-us-debt-crisis-says-america-faces-economic-heart-attack-without-fiscal-cuts">cautioned</a> that the U.S. faces an &#8220;economic heart attack&#8221; if fiscal cuts are not made, comparing the $36 trillion national debt to plaque in the financial system&#8217;s arteries.
He emphasized the need for fiscal responsibility, urging the government to <a href="https://www.benzinga.com/25/02/43966706/ray-dalio-urges-trump-to-cut-deficits-to-3-of-gdp-within-three-years-or-let-the-economy-suffer">reduce deficits to 3% of GDP</a> within three years, or risk economic instability.
His systematic approach to understanding global economic cycles highlights debt as a critical factor, likening it to the circulatory system of financial markets.
The urgency of Dalio&#8217;s message is <a href="https://www.benzinga.com/markets/25/03/44267663/ray-dalio-warns-us-debt-crisis-could-trigger-shocking-developments-calls-to-reduce-deficit-at-3-of-gdp">underscored</a> by the potential for &#8220;shocking developments&#8221; if the U.S. does not address its debt issues promptly.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44345006/arthur-hayes-predicts-bitcoin-surge-to-250000-by-year-end-says-current-downturn-is-clearing-out-deadwood-short-te">Arthur Hayes Predicts Bitcoin Surge To $250,000 By Year-End, Says Current Downturn Is Clearing Out Deadwood: ‘Short-Term Pain'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Economics

Ray Dalio Has A Chilling Warning For President Trump: Debt Crisis Is Imminent, And An Issue Of 'Paramount Importance'

Arthur Hayes, co-founder of&nbsp;BitMEX, has projected a significant increase in Bitcoin&#8217;s value, anticipating it will reach $250,000 by the close of the year.
What Happened:&nbsp;Hayes suggests that the current downturn in the crypto market is a temporary setback, part of a natural cycle.
In a recent interview, Hayes explained that the market is experiencing a correction after Bitcoin&#8217;s surge from $20,000 to $110,000.
"This thing is a short-term pain. We're clearing out the deadwood. We had a great run from $20,000 to $110,000 on Bitcoin, essentially FTX low until TRUMP coin, and now we got a 30% correction. It's pretty normal for a bull market," he said.
"I think we're going to clear out all that deadwood, and I still believe that we could be $250,000 Bitcoin by the end of the year."
He emphasized that such corrections are typical in bull markets and are necessary to eliminate weak elements from the market. Hayes remains optimistic about Bitcoin&#8217;s potential, despite the current 30% correction.
"From Bitcoin's perspective, and overall market capitalization of crypto, I think we're going to be much higher by the end of the year than we are today."
Hayes also highlighted the role of increased monetary supply as a catalyst for Bitcoin&#8217;s growth.
He believes that governments will continue to print money to counteract economic challenges, which will, in turn, drive up the value of digital assets.
&#8220;We&nbsp;know the response. When there's&nbsp;financial distress, they always print&nbsp;money.&#8221;
Why It Matters: The prediction by Hayes aligns with other optimistic forecasts in the crypto space. Recently,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44317256/bitcoin-to-hit-250k-by-end-of-2025-tim-draper-predicts-will-be-the-dominant-currency-of-the-world">Tim Draper</a>, a venture capitalist known for his accurate Bitcoin predictions, reiterated his belief that Bitcoin would reach $250,000 by the end of 2025.
Draper has a history of making bold predictions, including a successful call for Bitcoin to hit $10,000 within three years back in 2014.
Additionally,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42719735/bitcoin-could-surge-past-250000-says-tom-lee-citing-btc-halving-cycles-and-us-government-adoption">Tom Lee</a>&nbsp;of Fundstrat has also pointed to Bitcoin's halving cycles and potential government adoption as factors that could propel Bitcoin past $250,000. Lee highlights the recent halving event as a key driver, noting that Bitcoin has already demonstrated significant growth, with its market capitalization nearly doubling in 2024.
Despite the current market correction, Hayes remains confident, urging investors to be patient.
In a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44256405/arthur-hayes-be-patient-bitcoins-36-correction-is-just-another-bull-market-move">recent post</a>, he suggested that Bitcoin could find support around $70,000, a typical retracement level during bull markets. Hayes also anticipates a major stock market crash and the failure of a key financial institution before central banks intervene with liquidity measures.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="We're Still In A Bull Cycle" width="500" height="281" src="https://www.youtube.com/embed/A4uj2G5uAug?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>
Price Action: Bitcoin was trading at $84,462, up 3.2% in the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44344973/nasa-spacex-one-step-closer-to-bring-back-astronauts-butch-wilmore-sunita-williams-stranded-due-to-boeings-starli">NASA, SpaceX One Step Closer To Bring Back Astronauts Butch Wilmore, Sunita Williams Stranded Due To Boeing's Starliner Issues</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Analyst Color

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

Cryptocurrency

Arthur Hayes Predicts Bitcoin Surge To $250,000 By Year-End, Says Current Downturn Is Clearing Out Deadwood: 'Short-Term Pain'

A highly secretive court hearing believed to be Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) appeal against a U.K. government demand for <a href="https://in.benzinga.com/markets/equities/25/02/43996531/tulsi-gabbard-slams-uks-apple-encryption-demand-as-egregious-violation-of-americans-privacy-warns-of-cyber-threats">backdoor access</a> to its encrypted cloud systems took place Friday in London — with the public and media barred from attending.
What Happened: The BBC and other outlets reported that the hearing, listed only as "an application in private" at the Investigatory Powers Tribunal, centered on a controversial "technical capability notice" (TCN) issued to Apple by the British government.
The TCN reportedly requires the company to weaken its <a href="https://www.benzinga.com/markets/equities/25/02/43901425/apple-bows-out-of-uks-cloud-encryption-amid-governments-backdoor-demands">end-to-end encryption</a> protections, including Advanced Data Protection for iCloud, which Apple has since disabled for new users in the UK.
Neither Apple nor the UK government has confirmed the case or the existence of the order. Top government lawyer James Eadie, KC attended the hearing, reported Reuters.
A lawyer representing 10 media organizations, including Reuters and the BBC, petitioned for the case to be held in public, but no press or public access was granted. The court acknowledged the request but did not allow further arguments before the judges.
See Also: <a href="https://www.benzinga.com/25/03/44069535/anthropic-ceo-dario-amodei-pushes-for-stronger-us-ai-safeguards-saying-autocracies-like-china-and-russia-could-use-ai-to-expand-their-power" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Anthropic Pushes For Stronger US AI Safeguards, Saying Autocracies Like China, Russia Could Use AI To Expand Their Power</a>
Why It's Important: The closed-door nature of the hearing has drawn criticism from civil liberties groups, who say the U.K.'s demand undermines global digital privacy.
It was "unacceptable and disproportionate," said Caroline Wilson Palow, legal director at Privacy International.
Privacy advocates warn the UK's move could violate international agreements, including the CLOUD Act, and set a dangerous precedent. U.S. officials have reportedly raised concerns, with President Donald Trump <a href="https://in.benzinga.com/media/25/03/44069785/trump-blasts-uks-apple-encryption-order-warns-against-grave-privacy-violations-thats-something-you-hear-about-with-china">calling the request something</a> "you hear about in China."
Price Action: Apple&#8217;s shares ended Friday at $213.49, gaining 1.82% for the day. However, in after-hours trading, the stock dipped 0.094%. Year to date, AAPL has declined 12.45%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/02/44055314/mrbeast-lost-millions-on-amazons-beast-games-now-hes-looking-to-raise-hundreds-of-millions-to-take-h" target="_blank" rel="noreferrer noopener">MrBeast Lost Millions On Amazon's ‘Beast Games'—Now He's Looking To Raise Hundreds Of Millions To Take His Brand To The Next Level</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Legal

Apple Reportedly Fights UK Government's 'Unacceptable' Encryption Order Behind Closed Doors — No Press Or Public Allowed

NASA and&nbsp;Elon Musk-led SpaceX&nbsp;successfully launched a new&nbsp;crew to the International Space&nbsp;Station (ISS) on Friday, aiming to bring back U.S. astronauts&nbsp;Butch Wilmore and Sunita Williams, who have been on the ISS for an extended period of nine months.
What Happened: The launch occurred at 7:03 p.m. ET from NASA&#8217;s&nbsp;Kennedy Space Center in Florida. The&nbsp;SpaceX Falcon 9&nbsp;rocket carried four astronauts to replace Wilmore and Williams.
This&nbsp;mission is part of a&nbsp;crew rotation plan that was expedited due to political pressure from&nbsp;President Donald Trump&nbsp;and SpaceX CEO Musk.
The Crew-10 mission is essential for returning Wilmore and Williams to Earth. Initially, they were sent to the ISS aboard&nbsp;Boeing Co.&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) Starliner capsule in June.
The Crew-10 team comprises NASA astronauts&nbsp;Anne McClain&nbsp;and&nbsp;Nichole Ayers, Japanese astronaut&nbsp;Takuya Onishi, and Russian cosmonaut&nbsp;Kirill Peskov.
Upon reaching orbit, McClain introduced a plush origami crane as the mission&#8217;s microgravity indicator. The Crew-10 astronauts are expected to arrive at the ISS&nbsp;on Saturday at 11:30 p.m.&nbsp;ET.
Wilmore and Williams are scheduled&nbsp;to depart with two other astronauts on Sunday.
Why It Matters: The mission <a href="https://www.benzinga.com/25/03/44296357/spacex-crew-10-astronaut-launch-to-bring-back-stuck-astronauts-delayed-due-to-hydraulics-issue-says-nasa">faced a delay</a> due to a hydraulics issue, which postponed the launch initially scheduled for Wednesday. This delay added to the challenges faced by SpaceX and NASA in the crew rotation process.
Earlier, Musk <a href="https://www.benzinga.com/general/space/25/02/43877217/spacex-ceo-elon-musk-pegs-delay-in-returning-sunita-williams-and-butch-wilmore-from-space-station-to-political-reasons">attributed</a> the delay in returning Wilmore and Williams to &#8220;political reasons,&#8221; suggesting that the return was postponed past the inauguration date of former President Joe Biden.
However, Wilmore <a href="https://www.benzinga.com/general/space/25/02/43877217/spacex-ceo-elon-musk-pegs-delay-in-returning-sunita-williams-and-butch-wilmore-from-space-station-to-political-reasons">refuted these claims</a>, stating that politics did not play a role in the delay.
The mission&#8217;s success is crucial, especially after <a href="https://www.benzinga.com/news/24/09/40758526/boeing-starliner-returns-to-earth-without-sunita-williams-and-butch-wilmore-lands-in-new-mexico-afte">Boeing's Starliner returned</a> to Earth without crew due to technical issues.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44344906/canadas-retaliatory-tariffs-against-us-draw-commerce-secretary-howard-lutnicks-ire-who-thinks-they-are-tone-deaf-">Canada's Retaliatory Tariffs Against US Draw Commerce Secretary Howard Lutnick's Ire Who Thinks They Are ‘Tone Deaf'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: NASA

SPACE

NASA, SpaceX One Step Closer To Bring Back Astronauts Butch Wilmore, Sunita Williams Stranded Due To Boeing's Starliner Issues: Replacement Crew Launches Successfully

Canadian retailers continue to take a stand against U.S. products, starting with non-essential items such as alcohol. This move, driven by recent tariff disputes, is affecting various segments of the agricultural supply chain.
What Happened:&nbsp;Alisa Gorokhova, a resident from Quebec, observed a rapid shift in consumer behavior following tariff announcements, according <a href="https://www.businessinsider.com/canadian-grocers-sideline-us-products-boycott-hit-us-agriculture-businesses-2025-3">to</a> a report by Business Insider.
&#8220;There&#8217;s suddenly &#8216;made in Canada&#8217;&nbsp;labels on things and American&nbsp;booze is gone from the&nbsp;shelves,&#8221; she mentioned, indicating a growing preference for Canadian-made products.
The boycott is a response to repeated tariff impositions by former President&nbsp;Donald Trump, including&nbsp;a 25% tax on Canadian&nbsp;steel and aluminum. Trump&#8217;s controversial remarks about Canada have further strained relations.
American businesses are feeling the&nbsp;impact.&nbsp;Ethan Frisch, CEO of&nbsp;Burlap &amp; Barrel, reported losing Canadian customers.
&#8220;We're&nbsp;not really sure how to&nbsp;handle this,&#8221; Frisch stated, as the boycott contradicts his company&#8217;s mission of supporting small farmers, according to the report.
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44271204/tsmc-proposes-joint-venture-with-nvidia-amd-and-broadcom-to-operate-intels-factories-report">TSMC Proposes Joint Venture With Nvidia, AMD And Broadcom To Operate Intel&#8217;s Factories: Report</a>
Large Canadian grocery chains like&nbsp;Sobeys Inc.&nbsp;and&nbsp;Metro Inc.&nbsp;are emphasizing local products. Sobeys, for instance, is working to reduce its reliance on U.S. goods, which previously accounted for 12% of sales.
Why It Matters: The trade tensions between the United States and Canada have escalated significantly.
Canada <a href="https://www.benzinga.com/news/25/03/44281882/canada-retaliates-with-20b-in-tariffs-on-us-goods-amid-trade-war">imposed 25% tariffs</a> on over $20 billion worth of U.S. goods, including steel and aluminum, as a countermeasure to the Trump administration&#8217;s new duties.
This move was confirmed by Canadian Finance Minister&nbsp;Dominic LeBlanc, who stated that the tariffs would take effect immediately. The situation intensified when Canada announced additional tariffs on $30 billion of U.S. goods earlier in March.
Further complicating matters,&nbsp;<a href="https://www.benzinga.com/25/03/44344906/canadas-retaliatory-tariffs-against-us-draw-commerce-secretary-howard-lutnicks-ire-who-thinks-they-are-tone-deaf-">Canada&#8217;s retaliatory tariffs</a>&nbsp;have drawn criticism from U.S. Commerce Secretary&nbsp;Howard Lutnick, who described them as &#8220;tone deaf.&#8221;
Meanwhile,&nbsp;<a href="https://www.benzinga.com/news/25/03/44326649/does-canada-really-have-a-250-tariff-in-place-on-us-dairy-products-imported-into-canada-here-are-the-facts">claims of high tariffs</a>&nbsp;on U.S. dairy products have added to the tension, with President Trump accusing Canada of unfair trade practices.
Additionally,&nbsp;Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;has been affected, as its products were <a href="https://www.benzinga.com/markets/25/03/44321211/tesla-charging-stations-cut-from-rebate-program-by-canadian-province-most-people-would-support-their-removal-from-subsidy-list-says-minister">excluded from rebates</a> in British Columbia amid these trade tensions.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44299887/tsla-stock-may-see-a-significant-upswing-says-jim-cramer-should-be-ready-to-rally-maybe-furiously">TSLA Stock May See A Significant Upswing, Says Jim Cramer: &#8216;Should Be Ready To Rally, Maybe Furiously&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Global

Canadian Grocers Boycott US Products As Tariffs, Trump's Annexation Remarks Worsen Tensions: 'American Booze Is Gone From The Shelves'

Press Releases

Latin Metals Expands Technical Expertise with Key Appointments to Advisory Board

Latin Metals Secures Key Permit to Advance Exploration at Esperanza Copper-Gold Project, San Juan Province, Argentina

Latin Metals Further Strengthens Team with Advisory Appointment

Latin Metals Vests 71% Ownership of Key Argentine Gold-Silver Exploration Assets with Potential for High-Grade Discoveries

GOLD

TSXV:LMS

Latin Metals

1. 알파 메탈러지컬(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMR#NYSE">AMR</a>)은 2024년 1분기 순이익은 1억 2,700만 달러, 즉 희석 주당 9.59달러, 조정 EBITDA는 1억 8,960만 달러, 매출은 8억 6,400만 달러를 기록했다.
최고경영자(CEO) 앤디 아이드슨(Andy Eidson)은 석탄 시장의 약세 조건에도 불구하고 강력한 실적을 이끌어냈다고 언급했으며, 이에 따라 이번 분기 이후로도 시장 악화 조짐이 계속되고 있다고 덧붙였다.
세그먼트 석탄 판매 비용은 2023년 4분기 톤당 119달러에서 2024년 1분기 톤당 115.65달러로 감소했으며, 운영 현금 흐름은 1억 9,610만 달러로 감소하고 자본 지출은 6,360만 달러로 증가했다.
알파의 주식 환매 프로그램은 최대 15억 달러를 승인했으며 2024년 4월 30일까지 회사는 660만 주를 11억 달러에 환매하여 13,007,215주가 발행주로 남았다.
알파의 주식 재매수 프로그램은 최대 15억 달러를 인가 받았으며, 2024년 4월 30일까지 회사는 1.1억 달러에 660만 주의 주식을 재매수하여 이어지는 1307215 주의 주식을 다시 재매수하였다.
2. 메탈스 에퀴지션(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTAL#NYSE">MTAL</a>)은 2024년 6월 5일 보통주에 대한 모든 발행된 공모 및 사모 워런트를 워런트당 10센트에 상환할 것이라고 발표했다.
이는 회사의 단순화된 자본 구조의 목표와 일치한다.
워런트 보유자들은 워런트 1개당 11.50달러에 행사하거나, 현금 없이 보통주 일부에 양도하거나, 회사가 워런트당 10센트에 상환할 수 있다.
또한 읽기: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38621219/glencore-anglo-american-tie-up-makes-more-sense-than-bhp-offer-analyst-says">글렌코어-앵글로 아메리칸 제휴가 BHP와의 제휴보다 합리적</a>
3. 라틴 메탈스(OTC:<a class="ticker" href="https://www.benzinga.com/stock/LMSQF#OTC">LMSQF</a>)은 100% 소유한 오르가눌로(Organullo) 프로젝트에 대한 최신 업데이트를 발표했다. 이 프로젝트는 옵션 협정 덕분에 앵글로골드 아르헨티나 익스플로라시오네스(AngloGold Argentina Exploraciones) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>)는 최대 80%까지 지분을 확보할 수 있다.
앵글로골드의 지구물리학적 조사에서는 웨스트 그라벤(West Graben)에서 우선순위가 높은 드릴 통로가 확인되었다.
사전 매핑 및 샘플링을 통해 6km에 걸쳐 고급 아르길릭 변형이 적용된 3개의 드릴 타겟이 식별되었다.
역사적인 쥘 베른(Julio Verne) 광산 근처에 있는 오르가눌로(Organullo)의 동쪽 그라벤은 과거 탐사를 보았지만 서쪽 그라벤은 간과되었다.
앵글로골드의 전체적인 접근 방식은 시추를 통해 테스트되지 않은 반암 구리-금 및 고황화 천열 금 매장지의 잠재력을 보여줬다.
그들의 탐구 논문은 중요한 발견으로 이어질 수 있다.
4. 2024년 1분기 아이다호 스트래티직 리소시스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDR#NYSE">IDR</a>)은 매출 76.5% 증가, 주당 17센트의 분기 이익, 순이익 35배 증가를 보여줬다.
금 생산량은 80.6% 증가한 3,116온스였으며 온스당 총 유지 비용은 28.8% 감소한 1,097.09달러였다.
의견을 요청받았을 때 대변인 트래비스 스왈로(Travis Swallow)는 회사가 이제 생산과 탐사에 재투자할 수 있으며 머레이 골드 벨트 지구(Murray Gold Belt District)의 잠재력을 발휘하고 아이다호의 희토류 프로젝트를 발전시키려는 동기를 부여받았다고 말했다.
또한 이 회사는 연간 최대 800,000달러를 절약하는 것을 목표로 계획된 페이스트 백필 시스템을 위해 뷰트 굴치(Butte Gulch) 대지와 리드 타임이 긴 구성 요소를 구입했다.
또한 H&amp;H 메탈스(Metals)와의 갱신된 계약은 매년 최대 400,000 달러까지 절감할 것으로 예상된다.
사진: 셔터스톡

Comments

Latin Metals

뉴스

에 대한 최신 뉴스 Latin Metals (OTC:LMSQF) 주식

화요일, 5월 07, 2024

뉴스

파트너 / 기고자

벤징가 글로벌