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Sentient, a San Francisco-based AI development lab backed by Peter Thiel's Founder&#8217;s Fund, has unveiled its open-source AI search framework, positioning its work as a response to China's DeepSeek.
What Happened: Sentient released its Open Deep Search (ODS) framework, stating that it outperforms major closed-source competitors like OpenAI's GPT-4o Search Preview and Perplexity Sonar Reasoning Pro, <a href="https://decrypt.co/312580/americas-deepseek-moment-peter-thiel-non-profit">reported</a> Decrypt.
The nonprofit lab argues that its open-source approach challenges the growing control of AI by closed-source corporations. Its ODS achieved a 75.3% accuracy on the FRAMES benchmark, the company said.
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44529187/elon-musk-says-tesla-doesnt-need-lidar-because-people-dont-shoot-lasers-out-of-their-eyes-yet-his-ev-company-quietly-spent-over-2-million-on-the-technology-in-2024-as-china-takes-global-lead" target="_blank" rel="noreferrer noopener">Elon Musk Says Tesla Doesn't Need Lidar Because ‘People Don't Shoot Lasers Out Of Their Eyes' After YouTubers Put His Cars Through Wylie E. Coyote Tests</a>
Sentient co-founder Himanshu Tyagi said that the system requires models to synthesize knowledge from multiple sources, avoiding artificial boosts from preloaded data. To enhance efficiency, traditional &#8220;ground truth&#8221; resources like Wikipedia were intentionally excluded, according to the report.
Why It Matters: The company positioned the release of ODS as America's answer to China&#8217;s DeepSeek. As a nonprofit, Sentient advocates for AI development to be community-driven rather than dominated by closed-source corporations.
DeepSeek's AI breakthrough in late January sparked a <a href="https://www.benzinga.com/25/01/43232316/deepseek-jitters-shatter-us-tech-stocks-wipe-out-12-trillion-on-wall-street-analyst-eyes-four-chinese-giants-set-to-benefit">major selloff in U.S. tech stocks</a>, wiping $593 billion from Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) market value as investors grew concerned about rising competition.
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Last month, DeepSeek <a href="https://in.benzinga.com/markets/asia/25/03/44474850/chinas-deepseek-ups-the-heat-in-openai-rivalry-upgrades-v3-model-improving-coding-and-reasoning-capability">released its upgraded</a> V3 model, enhancing its reasoning and coding capabilities.
DeepSeek&#8217;s founder, Liang Wenfeng, has also opted to keep the company&#8217;s core AI models open-source, <a href="https://in.benzinga.com/25/03/44254562/deepseek-stays-free-founder-rejects-monetization-plans-new-reasoning-model-amid-alibaba-talks">rejecting monetization plans</a>.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella has also reportedly acknowledged DeepSeek as a <a href="https://in.benzinga.com/25/03/44529954/microsoft-ceo-satya-nadella-admits-chinas-deepseek-was-a-wake-up-call-tells-employees-its-time-to-build-real-products-not-just-research-thats-the-new-bar-to-me">&#8220;wake-up call&#8221; for the tech giant</a>, urging his teams to focus on creating impactful products.
Image via Shutterstock
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:
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<li><a href="https://www.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" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Tech

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NVDA

Peter Thiel-Backed Nonprofit Sentient Aims To Be America's DeepSeek, Takes Aim At Closed AI Systems

Tim Stokely, the founder of OnlyFans, and a cryptocurrency foundation have joined forces to place a late-stage bid for the acquisition of TikTok&#8217;s U.S. operations from ByteDance.
What Happened: The bid was put forth this week by Zoop, Stokely&#8217;s latest venture,&nbsp;and the HBAR Foundation, which&nbsp;manages the Hedera (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/hbar/usd">HBAR</a>) blockchain network, according to details shared with Benzinga.
The official X account of HBAR also posted a cryptic message with the TikTok logo and reposted media reports about the bid. Zoop didn&#8217;t immediately return Benzinga&#8217;s request for a comment.
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&mdash; HBAR Foundation (@HBAR_foundation) <a href="https://twitter.com/HBAR_foundation/status/1907502097156755628?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44613293/avax-to-outperform-bitcoin-ethereum-reaching-250-by-2029-standard-chartered" target="_blank" rel="noreferrer noopener">AVAX To Outperform Bitcoin, Ethereum, Reaching $250 By 2029: Standard Chartered </a>
&#8220;We are committed to ensuring TikTok&#8217;s U.S. operations remain under American ownership and governance,&#8221; said RJ Phillips, Zoop co-founder and CEO. "Our bid for TikTok isn&#8217;t just about changing ownership—it&#8217;s about creating a new paradigm where both creators and their communities benefit directly from the value they collectively generate.&#8221;
Unlike OnlyFans, which is known for adult entertainment, Zoop is a mainstream content platform that pays both creators and fans.
Hedera is a public blockchain network that allows for the development of decentralized applications on top of it. HBAR lies at the center of the network, helping secure it through staking. 
The network attracted criticism for <a href="https://www.coindesk.com/markets/2024/04/24/hederas-hbar-doubles-then-falls-25-as-blackrock-links-diminish">misleading marketing</a> last year after a posting about BlackRock tokenizing a U.S. Treasury money market fund on its blockchain. The announcement sent the token soaring. However, when BlackRock clarified that it was not actively involved in the tokenization process and denied any commercial relationship with Hedera, the token came crashing down.
In March 2023, an attacker <a href="https://hedera.com/blog/analysis-remediation-of-the-precompile-attack-on-the-hedera-network">exploited</a> the smart contract code of the network to transfer Hedera Token Service (HTS) tokens from targeted accounts to their own account, leading to the network being taken offline.
Why It Matters: This bid comes amid a flurry of interest in TikTok. Amazon reportedly <a href="https://in.benzinga.com/news/25/04/44613084/amazon-makes-surprise-bid-for-tiktok-amid-us-ban-threat-report">made a last-minute bid</a> to acquire the popular content creation platform in its entirety, just days before the popular video app faces a U.S. ban if it does not sever ties with its Chinese parent company, ByteDance.
Last month,&nbsp;Reddit co-founder Alexis Ohanian&nbsp;expressed his intention <a href="https://in.benzinga.com/25/03/44136476/alexis-ohanian-aims-to-acquire-tiktok-us-and-bring-it-on-chain">to acquire TikTok&#8217;s U.S. operations</a> and transition it to a blockchain-based platform.&nbsp; Ohanian joined Project Liberty—a consortium led by billionaire&nbsp;Frank McCourt&nbsp;to purchase the platform and transition it into an open-source, decentralized protocol.
Price Action:  At the time of writing, HBAR was exchanging hands at $0.1660, up 0.25% over the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency has tumbled 43%.
Image via Shutterstock
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<li><a href="https://benzinga.com/government/regulations/25/03/44558771/mstr-stock-falls-over-3-in-monday-pre-market-whats-going-on" target="_blank" rel="noreferrer noopener">Senator Buys Up To $600K In Bitcoin ETF After Selling $1 Million In Goldman Sachs Stock: Committee Assignment Could Be Red Flag</a></li>
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OnlyFans Founder's Startup And HBAR Foundation Enter Race To Acquire Tiktok To Maintain 'American Ownership And Governance'

U.S. stock futures plunged on Wednesday after President Donald Trump unveiled broad new tariffs on key trading partners, sparking fears of a global trade war that could further <a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value">weaken the U.S. economy</a>.
What Happened: Futures on the S&amp;P 500 plunged 2.7% to 5,557.75, while Nasdaq-100 futures tumbled 3.37% to 19,092.25 in after-hours trading. Dow Jones Industrial Average futures fell 1.95% to 41,665.00, erasing nearly 830 points.
Trump unveiled a &#8220;reciprocal tariff rate&#8221; set at 50% of what trading partners charge the United States, including non-tariff barriers like currency manipulation and value-added taxes. 
&#8220;April 2nd, 2025 will forever be remembered as the day American industry was reborn,&#8221; Trump said, calling the move &#8220;our Declaration of Economic Independence.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44612478/musk-needs-to-navigate-brand-crisis-or-else-warns-analyst-tesla-delivery-number-was-a-disaster-for-the-bulls" target="_blank" rel="noreferrer noopener">Musk Needs To ‘Navigate Brand Crisis Or Else,' Warns Analyst, Tesla's&nbsp;</a>‘<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44612478/musk-needs-to-navigate-brand-crisis-or-else-warns-analyst-tesla-delivery-number-was-a-disaster-for-the-bulls" target="_blank" rel="noreferrer noopener">Delivery Number Was A Disaster For The Bulls'</a>
Why It Matters: The &#8220;Magnificent Seven&#8221; tech stocks bore the brunt of the sell-off, projected to lose <a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value">a combined $685 billion in market value</a>. Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) led declines in after-hours trading, dropping 7.14% and facing a potential $221.7 billion market cap loss. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 5.68%, while Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) declined 6.10%.
Leading economists expressed alarm, with Justin Wolfers calling the tariffs &#8220;monstrously destructive&#8221; and former Treasury Secretary Larry Summers estimating potential economic losses of up to $20 trillion, or well <a href="https://www.benzinga.com/markets/equities/25/04/44620423/trumps-sweeping-tariffs-could-cost-us-20-trillion-crash-markets-warn-economists-monstrously-destructive">over $200,000 per family of four</a>.
While Canada and Mexico were notably <a href="https://www.benzinga.com/markets/equities/25/04/44620423/trumps-sweeping-tariffs-could-cost-us-20-trillion-crash-markets-warn-economists-monstrously-destructive">excluded from the tariff program</a>, Vietnam, Cambodia, and Sri Lanka face the steepest increases under the new system. As investors sought safety, gold futures gained 1.1%, with economist Peter Schiff predicting prices could reach $3,500 this month.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44620056/dr-doom-nouriel-roubini-trumps-liberation-day-tariff-label-is-orwellian-doublespeak-us-playing-with-fire" target="_blank" rel="noreferrer noopener">‘Dr. Doom' Nouriel Roubini: Trump's ‘Liberation Day' Tariff Label Is Orwellian Doublespeak, US ‘Playing With Fire'</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

AAPL

Trump's 'Reciprocal Tariff' Plan Hits Market Confidence As Dow Futures Drops Over 830 Points

Markets faced a turbulent day as President&nbsp;Donald Trump&nbsp;unveiled new tariffs on &#8220;Liberation Day,&#8221; sparking a sharp selloff. The&nbsp;S&amp;P 500&nbsp;futures dropped 2.7% to 5,557.75, while&nbsp;Nasdaq&nbsp;futures fell 3.3% to 19,905.75. The&nbsp;Dow Jones Industrial Average&nbsp;futures also experienced significant declines, falling 1.9% or over 800 points to 41,682.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
NVIDIA&#8217;s stock closed up 0.25% at $110.42, with an intraday high of $111.98 and a low of $106.79. The stock&#8217;s 52-week range is $75.61 to $153.13. In the after-hours trading, Nvidia shares slipped over 5.6%.  NVIDIA has faced challenges, with shares down 19.6% year-to-date due to concerns over <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44614272/nvidia-stock-is-down-nearly-20-ytd-whats-going-on">AI spending and trade restrictions.</a> The company&#8217;s reliance on China for AI chip sales poses a significant risk amid ongoing trade tensions.
Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)
AMD&#8217;s stock rose 0.18% to close at $102.96, reaching an intraday high of $104.19 and a low of $100.76. The 52-week high and low are $187.28 and $94.73, respectively.&nbsp;The stock corrected 5.8% in the after-hours trading. AMD&nbsp;recently <a href="https://in.benzinga.com/markets/25/04/44601400/nvidia-rival-amd-completes-4-9b-acquisition-of-zt-systems-to-strengthen-ai-and-data-center-dominance">completed a $4.9 billion acquisition</a> of ZT Systems, aiming to enhance its AI and data-center capabilities, positioning itself as a formidable competitor to NVIDIA.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
Apple&#8217;s shares increased by 0.31%, closing at $223.89, with a high of $225.19 and a low of $221.02. The stock&#8217;s 52-week range is $164.08 to $260.09. Apple shares fell by over 7% in after-hours trading. According to an&nbsp;analyst, Apple is poised for a <a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44613270/apple-set-for-strong-iphone-upgrade-cycle-driven-by-ai-analyst-says">strong iPhone upgrade cycle</a>, driven by AI features and higher margins from internally developed silicon.
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta&#8217;s stock fell 0.35% to $583.93, with an intraday high of $592.66 and a low of $573.36. The 52-week range is $414.50 to $740.89.&nbsp;In after-hours trading, Meta stock slipped over 4.8%. Meta&#8217;s&nbsp;AI chief <a href="https://in.benzinga.com/25/04/44602810/metas-ai-chief-announces-departure-while-mark-zuckerberg-doubles-down-on-ai-investments">announced her departure</a>, while CEO Mark Zuckerberg continues to invest heavily in AI technologies.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock surged 5.33% to close at $282.76, with a high of $284.99 and a low of $251.27. The 52-week range is $138.80 to $488.54. The shares of the Elon Musk-led company corrected 8% in the after-hours trading. Despite a broader industry boom,&nbsp;Tesla&nbsp;experienced an 8% <a href="https://in.benzinga.com/25/04/44605165/teslas-march-slump-stands-out-as-competitors-surge-amid-tariff-driven-rush">decline in March vehicle sales</a>, as competitors benefited from a tariff-driven rush.
Benzinga Edge Stock Rankings show that AMD has Momentum in the 13th percentile while Growth is in the 66th percentile. Is Nvidia a better bet? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="694" height="100" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02222952/Screenshot-2025-04-03-at-11.29.37.png" alt="" class="wp-image-854352" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02222952/Screenshot-2025-04-03-at-11.29.37.png 694w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02222952/Screenshot-2025-04-03-at-11.29.37-300x43.png 300w" sizes="(max-width: 694px) 100vw, 694px" /></a></figure>
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Photo Courtesy: zignal_88 on Shutterstock.com
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<li><a href="https://www.benzinga.com/25/04/44620056/dr-doom-nouriel-roubini-trumps-liberation-day-tariff-label-is-orwellian-doublespeak-us-playing-with-fire">&#8216;Dr. Doom&#8217; Nouriel Roubini: Trump&#8217;s &#8216;Liberation Day&#8217; Tariff Label Is Orwellian Doublespeak, US &#8216;Playing With Fire&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

TSLA

Nvidia, AMD, Apple, Meta, Tesla: Why These 5 Stocks Are Trending On Trump's Liberation Day

Leading economists reacted with alarm after President Donald Trump announced sweeping new tariffs on U.S. trading partners, with some projecting potential economic losses of up to $20 trillion.
What Happened: &#8220;Monstrously destructive, incoherent, ill-informed tariffs based on fabrications,&#8221; economist Justin Wolfers wrote Wednesday on X, calling the move &#8220;bigger than Smoot-Hawley&#8221; and warning it would &#8220;hurt working Americans more than anyone else.&#8221; Wolfers referred to the 1930 Smoot-Hawley Tariff Act, signed by former President Herbert Hoover, which raised import duties to protect U.S. farmers and businesses but worsened the Great Depression.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Monstrously destructive, incoherent, ill-informed tariffs based on fabrications, imagined wrongs, discredited theories and ignorance of decades of evidence. And the real tragedy is that they will hurt working Americans more than anyone else.
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1907548227798274400?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There you have it, from America&#39;s pre-eminent historian of trade policy: Bigger than Smoot-Hawley. <a href="https://t.co/EtITkmvoEL">https://t.co/EtITkmvoEL</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1907544710455111723?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
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Trump&#8217;s &#8220;Declaration of Economic Independence,&#8221; unveiled Wednesday, establishes a reciprocal tariff structure set at half the rate trading partners impose on American goods, including non-monetary <a href="https://www.benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">barriers like VAT taxes and subsidies</a>.
China faces tariffs at 34%, followed by Vietnam at 46%, and Sri Lanka at 44%. The new duties take effect on Apr. 9.
Former Treasury Secretary Larry Summers estimated the economic impact could reach &#8220;$20 trillion, or well over $200,000 per family of four,&#8221; noting that &#8220;as the president spoke, the value of all U.S. stocks fell at least 2 to 3 percent or about $1.5 trillion.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The stock market discount only represents lost corporate profits. Corporate profits are about 10 percent of GDP, so very conservatively the present value of economic loss is 5 times the stock market loss or $20 trillion dollars.
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1907603078909432312?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44612478/musk-needs-to-navigate-brand-crisis-or-else-warns-analyst-tesla-delivery-number-was-a-disaster-for-the-bulls">Musk Needs To &#8216;Navigate Brand Crisis Or Else,&#8217; Warns Analyst, Tesla&#8217;s </a>&#8216;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44612478/musk-needs-to-navigate-brand-crisis-or-else-warns-analyst-tesla-delivery-number-was-a-disaster-for-the-bulls">Delivery Number Was A Disaster For The Bulls&#8217;</a>
Why It Matters: Markets reacted swiftly to the announcement. S&amp;P 500 futures dropped 2.5% while Nasdaq 100 futures fell 3.3% in after-hours trading. The Magnificent Seven tech stocks are projected to lose $685 billion in combined market value, with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) facing the <a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value">largest decline at $221.7 billion</a>.
Economist Peter Schiff, who called the tariffs &#8220;history&#8217;s biggest political blunder,&#8221; warned on X that &#8220;a weaker dollar will just make the sting that much more painful&#8221; for American consumers. He predicted gold could reach $3,500 this month as investors seek safe havens amid growing economic uncertainty.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Gold is ripping. Last $3,157. We could hit $3,500 this month.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1907572375824073139?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/KMhTFqqrE3">https://t.co/KMhTFqqrE3</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1907592822095536514?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
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Allianz Chief Economic Advisor Mohamed El-Erian noted Trump&#8217;s characterization of the tariffs as America&#8217;s &#8220;turn to prosper&#8221; in a new &#8220;golden age,&#8221; while acknowledging the measures center on &#8220;an across the board 10% levy and sector/country overlays.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">President Trump's "Declaration of Economic Independence" — that is, America's "turn to prosper" in a new "golden age" — appears in line with the earlier post (below). Specifically, today's announcement of "reciprocal tariffs" center on an across the board 10% levy and… <a href="https://t.co/s5kJRXBVtC">https://t.co/s5kJRXBVtC</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1907537188096553088?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trump framed the move as correcting <a href="https://www.benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">decades of trade imbalances</a>, stating, &#8220;April 2nd, 2025 will forever be remembered as the day American industry was reborn.&#8221;
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Trump's Sweeping Tariffs Could Cost US $20 Trillion, Crash Markets Warn Economists: 'Monstrously Destructive'

The Senate Judiciary Subcommittee is set to hold a hearing next week to examine Mark Zuckerberg-led Meta Platforms, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) alleged efforts to establish a presence in <a href="https://in.benzinga.com/general/social-media/25/03/44363736/zuckerbergs-global-push-meta-faces-scrutiny-over-privacy-free-speech-regulatory-tactics">China and its ties to censorship tools</a>.
What Happened: The hearing, titled &#8220;A Time for Truth: Oversight of Meta's Foreign Relations and Representations to the United States Congress,&#8221; will scrutinize Meta's past actions in China.
Senators, including Josh Hawley (R-Mo.) and Ron Johnson (R-Wis.), have raised concerns over <a href="https://in.benzinga.com/25/03/44212431/meta-whistleblower-alleges-zuckerberg-offered-china-full-censorship-control-and-user-data-access-in-desperate-bid-to-enter-market-working-hand-in-glove-with-the-chinese-communist-party-and-lying-about-it">Meta's internal efforts to engage</a> with the Chinese government, as detailed in a book by former Facebook executive Sarah Wynn-Williams.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>
The lawmakers have requested internal documents from Meta regarding the company&#8217;s business dealings in China since 2014, including content suppressed at the behest of Chinese officials.
The letter sent to Zuckerberg on Tuesday also cited reports that Meta may have explored partnering with Chinese companies to create censorship tools and share user data with the Chinese Communist Party (CCP).
Meta spokesperson Andy Stone has stated that the company had abandoned its plans to enter China, <a href="https://www.politico.com/live-updates/2025/04/02/congress/senators-scrutinize-metas-work-in-china-00267744">reported</a> Politico.
&nbsp;&#8220;We do not operate our services in China today,&#8221; Stone said, adding that Facebook&#8217;s previous efforts to connect with China were publicly discussed but ultimately halted in 2019.
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 Matters: Meta&#8217;s efforts to suppress the tell-all book by Wynn-Williams inadvertently <a href="https://www.benzinga.com/general/social-media/25/03/44450577/metas-effort-to-suppress-tell-all-book-made-it-a-bestseller">boosted its popularity</a>.
Last month, Cathie Wood&#8217;s Ark Invest sold a significant amount of Meta stock, <a href="https://www.benzinga.com/25/03/44409161/cathie-wood-offloads-meta-stock-while-mark-zuckerberg-celebrates-llama-ai-success">reflecting investor concerns</a> amid privacy issues and global expansion efforts. This sale occurred as Meta celebrated a milestone with its AI model, Llama, reaching 1 billion downloads.
In February, <a href="https://in.benzinga.com/tech/25/02/43551024/mark-zuckerberg-visits-white-house-for-advancing-american-tech-leadership-abroad-as-meta-ceo-continues-to-strengthen-ties-with-trump">Zuckerberg visited the White House</a> to discuss advancing American tech leadership abroad. <a href="https://in.benzinga.com/news/24/12/42454227/months-after-trump-threatened-to-put-mark-zuckerberg-in-prison-meta-ceo-donates-1m-to-president-elects-inaug">Meta CEO donated $1 million</a> to Donald Trump&#8217;s inauguration fund, following previous tensions over alleged censorship of right-wing voices.
Price Action: Meta&#8217;s stock is down 2.55% year-to-date, but over the past 12 months, it has climbed 17.40%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Meanwhile, Benzinga Edge Stock Rankings assigns Meta a 74.72% growth rating. Want to see how it compares to other companies? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full analysis</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China's DeepSeek For Driving Efficiency, Stresses Apple's ‘Prudent And Deliberate' Approach Toward Capital Expenditure</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Legal

Mark Zuckerberg-Led Meta Set To Face 'Truth' At Senate Hearing Over China Operations And Communist Party Censorship Efforts

Life has a way of throwing curveballs, such as divorce, career changes, and financial setbacks, and sometimes, it feels like you're back at square one.
But hitting the reset button in your 40s doesn't mean your <a href="https://www.benzinga.com/personal-finance/financial-advisors/24/04/38320795/in-your-50s-its-not-too-late-to-transform-your-financial-future-3-key-moves-t">financial future</a> is doomed. In fact, with thorough planning and disciplined <a href="https://www.benzinga.com/25/03/44380933/investor-with-40000-portfolio-wonders-if-he-should-pick-dividend-investing-or-growth-first-would-you-prioritize-dividends-or-growth">investing</a>, it's possible to rebuild and even come out stronger than before.
For one Redditor, a 42-year-old facing a divorce and raising three kids, rebuilding financially seems like a tough challenge, but also an opportunity for a fresh start. With $250,000 to invest and a stable business generating between $90,000 and $120,000 per year on average, the investor is determined to turn things around.
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&#8220;If you could invest from scratch, $250,000–how would you divide it up? It's almost a full-life restart, not ideal, but it is what it is. Would you put [Main Street Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/main#NYSE">MAIN</a>)​], [Gladstone Investment Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gain#NASDAQ">GAIN</a>)], [Schwab U.S. Dividend Equity ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schd#NYSE">SCHD</a>)], [JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jepq#NASDAQ">JEPQ</a>)] into individual or [investment retirement account]? What others should I consider?&#8221; he asked.
The comment section of the post exploded with recommendations, with some Redditors advocating for simple, low-risk investments, and others suggesting aggressive growth strategies. Below, we break down the most relevant insights.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">How Would You Divide $250,000? Reddit Users Debate in the Comments</h2>
Keep It Simple and Low-Cost
There were plenty of comments that suggested the investor avoid financial advisors and instead invest in an S&amp;P index fund.
&#8220;I would not pay a financial advisor one penny, much less $1,500 per year + fees and %. It doesn&#8217;t take a financial advisor to invest in an S&amp;P 500 index fund, which is the simplest and one of the best investments for a 42-year-old, 22-year-old, 32-year-old, or 52-year-old,&#8221; a Redditor advised.
&#8220;If I had to start at 42&#8230; I would dump it all into an S&amp;P index growth fund and leave it be for about 15 years. At that point, I would look for opportunities to move it into dividends for income,&#8221; another comment says.
Also touching on the fact that he doesn&#8217;t need a financial advisor, this Reddit user mentioned a few assets he believes would help the poster meet his financial goals.
&#8220;Invest in only ETFs, no individual stocks. 75% in [Vanguard S&amp;P 500 ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/voo#NYSE">VOO</a>)], [SPDR S&amp;P 500 ETF Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>)], or if you want some dividends, [JPMorgan Equity Premium Income ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jepi#NYSE">JEPI</a>)​], or [Alerian MLP ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amlp#NYSE">AMLP</a>)]. No need to pay anyone, just invest in S&amp;P 500 index funds,&#8221; he suggested.
See Also: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
Mix Growth ETFs with Dividend Stocks
While the S&amp;P 500 was one of the most recommended strategies, many commenters suggested mixing growth with dividend ETFs for a balanced portfolio.
&#8220;If you want to retire in, say, 20 years, you need at least 3x if not 4x that $250,000. In addition to the S&amp;P 500 index, MAIN and GAIN look good. If I knew at 42 what I know now, I would have gone into individual growth stocks much earlier than I did, for those have been by far my best performers and would have been even better if I had gotten into them sooner,&#8221; a commenter suggested.
Mentioning that he also owns MAIN and GAIN, this Redditor recommended the poster split the $250,000 between a low-cost S&amp;P index fund, growth assets, and dividend-focused stocks: &#8220;If I were you, I&#8217;d invest the $250,000 in a low-cost S&amp;P index fund and start putting some money every month into an [investment retirement account]. I do own MAIN and GAIN outside of my retirement account&#8230; But I would go growth with your investments and maybe start adding in some dividend payers in your taxable account to diversify your income.&#8221;
&#8220;80% [Schwab U.S. Large-Cap Growth ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schg#NYSE">SCHG</a>)], 20% SCHD,&#8221; another user suggested.
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JEPI

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MAIN

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SCHG

42-Year-Old With $250K And A 'Failed Marriage, 3 Kids' Faces A Full Life Restart – 'How Would You Divide It Up?' Reddit Explodes With Advice

Leading cryptocurrencies pulled back Wednesday evening after President Donald Trump's &#8220;Liberation Day&#8221; tariff shock. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-2.13%</td>
<td>$83,296.75</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-4.65%</td>
<td>$1,814.86</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-5.02%</td>
<td>$0.1645</td>
</tr>
</tbody>
</table>
</figure>
What Happened: After breaching $88,000, Bitcoin sharply reversed course, plunging to a low of $82,182.32.
Ethereum saw a similar fate, plummeting to $1,780 from $1,950 earlier in the day.
Over $515 million was liquidated from the market in the last 24 hours, with long liquidations worth $290 million
Bitcoin's Open Interest shrank by 6% in the last 24 hours, while funds locked in Ethereum's unsettled futures contracts dipped by 2.21%.
That said, the Long/Short Ratio increased over the last 24 hours, suggesting an increase in the number of traders placing bullish bets on the leading cryptocurrency.
The market sentiment tumbled into "Extreme Fear," according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>EOS (EOS)</td>
<td>+18.67%</td>
<td>$0.8092</td>
</tr>
<tr>
<td>DeXe (DEXE)</td>
<td>+9.73%</td>
<td>$14.78</td>
</tr>
<tr>
<td>Raydium (RAY)</td>
<td>+5.07%</td>
<td>$1.88</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.67 trillion, following a decline of 2.57% in the last 24 hours.
Stock futures tumbled after the tariff announcement. The Dow Jones Industrial Average Futures sank 823 points, or 1.94%, as of 8:33 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 fell 2.86%, while Nasdaq 100 Futures plunged 3.62%.
The sell-offs came after the scope and scale of the new reciprocal tariff structure <a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-">exceeded Wall Street&#8217;s worst-case expectations</a>. The new levies on imported goods would be set at 50% of what the trading partners charge the U.S.
Earlier in the day, blue-chip averages closed in the green. The S&amp;P 500 rose 0.67% to close at 5,670.97, while the tech-focused Nasdaq Composite gained 0.87%, ending at 17,601.05.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular blockchain analytics firm CryptoQuant highlighted $65,000 – $71,000 as a strong support zone for Bitcoin.
CryptoQuant defined $65,000 as the True Market Mean Price and $71,000 as the Active Realized Price. "Buying Bitcoin within this range could potentially lead to substantial gains," it projected.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Decrease in selling pressure by 1-3 month holders "These holders appear to show reduced activity in the market after taking profits from their short-term trades." – By <a href="https://twitter.com/CryptoOnchain?ref_src=twsrc%5Etfw">@CryptoOnchain</a> Read more &#x2935;&#xFE0F;<a href="https://t.co/ThyGe7pjPO">https://t.co/ThyGe7pjPO</a> <a href="https://t.co/0minPLfiWM">pic.twitter.com/0minPLfiWM</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1907084785408717268?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency trader Rekt Capital said the altseason would arrive when Bitcoin's dominance hits 71%.
"Bitcoin dominance is currently only 8% away from 71%. Another similar growth spurt would see BTC.D reach that resistance comfortably," Rekt Capital added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Dominance Bitcoin Dominance has increased between 7-9% within one month on 4 separate occasions since mid-2023 Bitcoin Dominance is currently only 8% away from 71% Another similar growth spurt would see BTC.D reach that resistance comfortably<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/X1MJOj7HDc">https://t.co/X1MJOj7HDc</a> <a href="https://t.co/H1bp4TyTsS">pic.twitter.com/H1bp4TyTsS</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1907480214818451787?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44569292/congressman-buys-up-to-600k-in-bitcoin-etf-after-selling-1-million-in-goldman-sachs-stock-committee-assignment-could-be-red-flag">Senator Buys Up To $600K In Bitcoin ETF After Selling $1 Million In Goldman Sachs Stock: Committee Assignment Could Be Red Flag</a></li>
</ul>

Movers

Trading Ideas

$BTC

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Crash On Trump's Tariff 'Liberation Day' — Analyst Says Buying BTC Between These Levels Could Lead To 'Substantial Gains'

Sundar Pichai, the CEO 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>), may lead one of the world's most valuable companies, but despite his success, he once revealed that his father still wishes he had completed his PhD.
What Happened: In a 2016 conversation <a href="https://www.buzzfeednews.com/article/mathonan/searching-for-google-ceo-sundar-pichai-the-most-powerful-tec#.teGzOOopm">with</a> Buzzfeed, Pichai revealed his father's regret that the Google CEO did not pursue a PhD.&nbsp;
"I think if you talked to my dad, he's probably still regretting that I didn't complete my PhD. He had to leave college after his undergrad. He wanted to learn more, but because of financial reasons, he couldn't do it. I think he always wanted me to continue on," Pichai said then.
Speaking at YouTube&#8217;s Dear Class of 2020 virtual ceremony, Pichai also shared that his father spent an entire year's salary on a plane ticket so he could pursue his studies at Stanford University.
See Also: <a href="https://in.benzinga.com/25/02/43487551/sundar-pichai-acknowledges-deepseeks-ai-advancementsbut-says-googles-gemini-still-leads-in-cost-performance-and-latency">Sundar Pichai Downplays DeepSeek Threat — Google&#8217;s Gemini Still Leads In Cost, Performance, And Latency</a>
"My father spent the equivalent of a year&#8217;s salary on my plane ticket to the U.S. so I could attend Stanford. It was my first time ever on a plane," he recalled. He credited his passion for technology and an open mind—alongside a bit of luck—for shaping his journey.&nbsp;
The Google CEO also shared insights into his humble beginnings.
" I grew up without much access to technology. We didn&#8217;t get our first telephone till I was ten. I didn&#8217;t have regular access to a computer until I came to America for graduate school. And, our television, when we finally got one, only had one channel," he said.
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.
<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="Sundar Pichai Commencement Speech &#x7C; Dear Class Of 2020" width="500" height="281" src="https://www.youtube.com/embed/gEDChDOM1_U?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>
Why It's Important: Born in 1972 to Regunatha Pichai, an electrical engineer, and Lakshmi, a stenographer, he spent his childhood in a modest two-room apartment in Chennai. He and his younger brother slept on the living-room floor, and the family often went without a television, a car, or even running water at times.
However, when Pichai was 12, his father brought home a rotary telephone, sparking his fascination with technology.
Pichai completed his undergraduate degree in metallurgy from the Indian Institute of Technology (IIT) Kharagpur in 1993, earning a silver medal. He pursued a master's degree in engineering at Stanford University and later an MBA at the Wharton School of the University of Pennsylvania.
Pichai's journey in tech began with roles at Applied Materials and McKinsey &amp; Company before he joined Google in 2004. His work at Google led to the development of key products like Google Chrome and the Google Toolbar. Over the years, Pichai rose through the ranks, ultimately being named CEO of Google and later Alphabet.
Pichai&#8217;s leadership at Alphabet, which is valued at $1.9 trillion today, has brought innovation in fields like artificial intelligence, voice recognition, and cloud computing.
As of early 2025, his net worth exceeds $1.3 billion, <a href="https://www.thestreet.com/personalities/sundar-pichai-net-worth">according</a> to The Street.
In 2023, as the CEO of both Alphabet and Google, Pichai reportedly had an annual salary of $2 million without any stock awards or incentive-based bonuses. His total compensation for the year was $8.8 million, with nearly $6.8 million allocated for his security.
The year 2022 saw one of Pichai's highest earnings at the company, with his total compensation reaching $226 million. This included his base salary along with stock awards, which came in the form of restricted stock units (GSUs) and performance-based restricted stock units (PSUs), the report noted.
Photo Courtesy: Rokas Tenys On Shutterstock.com
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>.
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<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPad Turns 15 Today: Here&#8217;s A Throwback To When Steve Jobs Explained Called It The ‘Third Category&#8217; After Phones And Notebooks</a></li>
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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.

GOOG

GOOGL

Sundar Pichai Once Revealed He Lacked Access To Tech Growing Up But Still Ended Up Running Alphabet Thanks To An Open Mind And A 'Bit Of Luck,' Though His Dad Still Wishes He Had Completed His PhD

Nouriel Roubini, voiced strong criticism on Monday regarding President Donald Trump&#8217;s declaration of &#8220;Liberation Day,&#8221; which marks the imposition of new tariffs. Roubini described the term as &#8220;literally Orwellian doublespeak,&#8221; suggesting that the tariffs would lead to &#8220;lower growth and higher inflation.&#8221; 
What Happened: The prominent economist sometimes referred to as &#8220;Dr. Doom,&#8221; emphasized that the real impact of these tariffs would depend on the negotiations, which he anticipates will be &#8220;ugly and long-drawn.&#8221; Roubini questioned the notion of &#8220;liberation,&#8221; arguing that it would not benefit U.S. consumers, workers, or businesses, nor the global economy.
He further expressed skepticism about whether the &#8220;escalate to de-escalate&#8221; strategy, mentioned by Bessent, would prevail over the views of trade hawks like senior counselor for trade and manufacturing Peter Navarro, Commerce Secretary Howard Lutnick, trade negotiator Jamieson Greer, and Trump, whom he called &#8220;the biggest trade hawk of all.&#8221; Roubini suggested that advisors like economic adviser Kevin Hassett and chair of the Council of Economic Advisers Stephen Miran should guide the President towards more sensible decisions. He warned that the U.S. is &#8220;playing with fire&#8221; with these tariff policies.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Calling Tariff Day as "Liberation Day" is literally Orwellian doublespeak. Whatever the consequences of these tariffs will be &#8211; ie lower growth and higher inflation and how much of it depending on the eventual size of these tariffs post-negotiations that will be ugly and…
&mdash; Nouriel Roubini (@Nouriel) <a href="https://twitter.com/Nouriel/status/1907422009610338407?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Roubini&#8217;s comments came as Trump declared a national emergency to address foreign trade practices, imposing tariffs to protect American workers and strengthen the U.S. economy. The tariffs are part of a broader strategy to boost domestic manufacturing and reduce the trade deficit.
See Also: <a href="https://benzinga.com/markets/25/04/44601197/massive-data-breach-at-elon-musks-x-reportedly-exposes-data-of-millions-of-accounts-by-far-the-largest-so" target="_blank" rel="noreferrer noopener">Massive Data Breach At Elon Musk&#8217;s X Reportedly Exposes Data Of Millions Of Accounts: &#8216;By Far The Largest Social Media Breach Ever&#8217;</a>
Why It Matters: The tariffs, set to take effect on Wednesday, have sparked significant debate. Trump claims they will reduce economic dependence on foreign goods and revive U.S. manufacturing. 
The executive order invokes the International Emergency Economic Powers Act to impose a universal 10% tariff on all imports effective April 5, followed by higher individualized tariffs on countries with the largest trade deficits with the U.S. starting April 9. The White House claims these measures will address non-reciprocal trade relationships, currency manipulation, and other unfair practices while boosting domestic manufacturing, protecting American workers, and strengthening economic sovereignty.
However, critics like Anthony Scaramucci have labeled &#8220;Liberation Day&#8221; as &#8220;Liquidation Day,&#8221; warning of <a href="https://www.benzinga.com/news/25/04/44608167/liberation-day-is-liquidation-day-says-anthony-scaramucci-heres-how-it-could-hit-your-wallet">potential financial burdens</a> on Americans. The tariffs are part of Trump&#8217;s broader economic strategy, which has been criticized for potentially leading to higher inflation and slower growth, as noted by Roubini in previous analyses.
Roubini, known for his accurate prediction of the 2008 financial crisis, has consistently <a href="https://www.benzinga.com/markets/24/12/42257492/dr-doom-roubini-on-trumps-second-term-inflation-will-be-higher-growth-is-going-to-be-lower">expressed concerns</a> about Trump&#8217;s economic policies.
Image via Shutterstock
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

COST

'Dr. Doom' Nouriel Roubini: Trump's 'Liberation Day' Tariff Label Is Orwellian Doublespeak, US 'Playing With Fire'

Actor Anthony Mackie isn't splurging on designer sneakers for his kids, despite his superhero-sized paycheck. The 46-year-old "Captain America: Brave New World" star made it clear during a recent episode of <a href="https://www.youtube.com/watch?v=HqFfX0A8UAc&amp;pp=ygUeY2FwdGFpbiBhbWVyaWNhOiBwaXZvdCBwb2RjYXN0">"The Pivot" podcast</a>—his four sons won't be keeping up with celebrity kids who rock $200 Jordans and luxury fashion.
<h2 class="wp-block-heading">Celebrity Parents Divided Over Raising Rich Kids</h2>
"I keep my boys humble. Like, my boys have never had a pair of Jordans. My boys don't do all that internet fly s&#8212;. I could be the biggest star in the world. Do not let me catch you being stupid," Mackie said.
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For him, character matters more than cash. He's been teaching his kids respect and responsibility, and the value of hard work from an early age.
"I raise my boys to be young men&#8230; they will always be respectful," Mackie explained. "They will always say, ‘Yes ma'am. No ma'am.' They will always say ‘Thank you.' They will always open the door for a lady. They will always make sure that their mother is taken care of and provided for."
Mackie's strict parenting style isn't just talk. He grew up in New Orleans as the youngest of six kids. His father, a carpenter, left school in eighth grade to pick cotton with his grandfather. During summers, Mackie worked for his dad's roofing business, learning firsthand what hard work really means.
"I try to keep my boys outside of [my celebrity]. I don't want my boys affected by it, or even acknowledge the idea of what Hollywood is and what it means to the general populace," Mackie said. "I want them to find their own path."
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://masterworks.536u.net/XmneKy">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
Mackie isn't the only Hollywood star pushing back against raising spoiled kids. In a 2018 <a href="https://www.youtube.com/watch?v=QwAKyOOwtwc">CNBC Make It Interview</a>, self-made real estate mogul Barbara Corcoran said she makes her children work summer jobs and save their earnings&nbsp;
"When you have rich kids — which, if you think about it, I have rich kids — you have to be very, very careful. It's complicated not to let them feel privileged."
Similarly, billionaire entrepreneur Mark Cuban takes a tough-love approach. "You have to accomplish these things on your own," he told <a href="https://www.youtube.com/watch?v=QUNMPG0Zx2k">NBC's "Today"</a> in 2022. "You don't want to be ‘Mark Cuban's son or daughter' your entire life."
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Ben Affleck recently echoed the same sentiment when his 13-year-old son admired a $6,000 pair of Dior Air Jordans at the Got Sol sneaker convention. "That's a lot of lawns you've got to mow there," Affleck teased in a video posted on <a href="https://www.instagram.com/p/DGvj4CIJne_/?utm_source=ig_embed&amp;utm_campaign=embed_video_watch_again">Got Sol's instagram account.</a>&nbsp;
Later, he doubled down <a href="https://www.youtube.com/watch?v=hw-_hiS8e8c">in an interview</a> with Access Hollywood at the South by Southwest festival: "He's like, ‘We have the money.' I'm like, ‘I have the money. You're broke!'"
While Mackie and others promote discipline and hard work, some experts warn about going too far. <a href="https://drtimjordan.com/2022/04/autocratic-authoritatian-authoritative-parents-children-parenting/?utm_source=chatgpt.com">In his blog post</a> titled &#8220;How You Parent Matters: Don&#8217;t Screw Up Your Kids,&#8221; parenting researcher Dr. Tim Jordan argues that when parents are too strict and demanding without showing warmth, it can lead to kids acting out or rebelling.&nbsp;
On the flip side, when parents guide their children while also being responsive and supportive, it helps kids develop self-control and a sense of responsibility.&nbsp;
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Anthony Mackie's Kids Have 'Never Had A Pair Of Jordans'—The 'Captain America' Star Says He's Keeping Them Humble And Hardworking

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) has outperformed the market over the past 5 years by 19.39% on an annualized basis producing an average annual return of 35.71%. Currently, Alamos Gold has a market capitalization of $11.10 billion. 
Buying $1000 In AGI: If an investor had bought $1000 of AGI stock 5 years ago, it would be worth $4,578.58 today based on a price of $26.39 for AGI at the time of writing.
<h3>Alamos Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743634872_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Alamos Gold 5 Years Ago Would Be Worth This Much Today

A recent <a href="https://www.youtube.com/watch?v=tZs3k3t3k5g">call</a> on &#8220;The Ramsey Show,&#8221; hosted by George Kamel and Jade Warshaw, took a sharp turn after a listener asked a seemingly straightforward question about <a href="https://www.benzinga.com/news/25/02/43888952/americans-owe-a-record-1-21-trillion-in-credit-card-debt-expert-warns-theres-no-end-in-sight">credit card debt</a>.
The caller wanted to know if he should focus on paying off <a href="https://www.benzinga.com/money/best-0-apr-credit-card">credit cards with 0% interest</a> but high balances, or the ones with higher interest rates and smaller balances.
<h2 class="wp-block-heading">Debt Snowball vs. Avalanche</h2>
Kamel jumped in: "It's simple but it's hard to grasp and to fully just take action on," he said. &#8220;The math says why would you knock out the highest interest first because you&#8217;re saving the most money, right? But what we've found is that people who actually successfully get out of debt once and for all do it using the debt snowball method.&#8221;
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Instead of focusing on interest rates, the <a href="https://www.benzinga.com/personal-finance/25/03/44494260/dave-ramsey-reveals-how-to-rebound-from-financial-setbacks-if-youre-over-40-and-feeling-behind-its-not-too-late-but-youd-better-get-serious">debt snowball method</a> prioritizes paying off the smallest balances first. &#8220;You can cross out the interest rate. Imagine it doesn't exist—0% or 50%, just pay off the smallest balance first,&#8221; said Kamel. The idea is that paying off smaller balances first builds momentum and helps change behavior, which is what ultimately gets people out of debt.
The conversation took a turn when the caller revealed he had more than $220,000 in total debt—excluding his mortgage. That included $15,000 in credit cards, $18,000 in business debt, and about $80,000 in auto loans.
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Kamel was floored. "You make $60,000 a year and you owe $80,000 in auto loans?" she asked. The caller explained that he had recently bought a new Kia, owing $53,000 on it, even though it's now worth only about $45,000. The payment is $757 a month.
"And you thought, &#8216;Man, I'm taking them to the cleaners on this one!&#8217;" Kamel joked, clearly in disbelief.
As it turned out, the man also owed $30,000 on a minivan worth only $20,000. Between both cars, the payments were choking his monthly budget. "You are sinking because of these cars," Warshaw said bluntly. "Both of these cars need to go today."
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Outside of the vehicle debt, the caller had a complicated financial story: He had recently lost his father, gone through probate without a will, inherited a home he's now paying $1,200 a month for, and is supporting his fiancée and their three babies under two years old on a single income. He also mentioned <a href="https://www.benzinga.com/partner/emerging-markets/25/02/43558102/monalee-slashes-the-cost-of-rooftop-solar-panels-with-its-tech-driven-offering">solar panels</a> costing $300 a month that he didn't want in the first place.
Despite all of this, he had managed to save $1,000—Baby Step 1 in the Ramsey plan—and was bringing in an extra $2,000 to $3,000 a month from a side hustle. His fiancée, a stay-at-home mom, also earns a few hundred dollars promoting hair care products through a multi-level marketing company.
But Kamel warned against counting on the MLM income. "Google the disclosure statement for this company," he said. They legally have to disclose how many people make money. &#8220;I don't think this is the way out for you guys.&#8221;
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Dave Ramsey Caller Asks About Paying Off Credit Cards—But Gets Roasted For Owing $52,000 On A Kia—'You're Sinking Because Of These Cars'

Kimco Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>) has outperformed the market over the past 5 years by 2.26% on an annualized basis producing an average annual return of 18.58%. Currently, Kimco Realty has a market capitalization of $14.22 billion. 
Buying $100 In KIM: If an investor had bought $100 of KIM stock 5 years ago, it would be worth $247.69 today based on a price of $20.93 for KIM at the time of writing.
<h3>Kimco Realty's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743633954_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Kimco Realty 5 Years Ago Would Be Worth This Much Today

Entrepreneur and investor Mark Cuban is one of several backers of a pre-seed round of Skylight, a startup seeking to rival TikTok, an app that could have new owners in the<a href="https://www.benzinga.com/general/social-media/25/04/44599624/tiktok-clock-ticks-louder-as-deadline-approaches-trump-to-consider-final-proposal-as-private-equity-firms-bid-for-platform"> U.S. soon.</a>
What Happened: Skylight uses the AT Protocol, the same technology that helps social network Bluesky, which is<a href="https://www.benzinga.com/general/social-media/24/12/42566461/mark-cuban-says-this-is-the-holy-grail-that-makes-bluesky-better-than-musks-x-platform"> one of Cuban's favorites.</a>
The startup released its mobile app publicly Tuesday after 10 weeks of development, as reported by <a href="https://techcrunch.com/2025/04/01/mark-cuban-backs-skylight-a-tiktok-alternative-built-on-blueskys-underlying-technology/">TechCrunch</a>.
The short-form video app was developed by co-founder Tori White and Reed Harmeyer. The duo said Skylight features in-app video editing tools, public comments and likes along with the ability to set up user profiles and follow other users.
Since the app is built on the AT Protocol, Skylight can also be seen and engaged with by the more than 33 million existing Bluesky users.
Cuban funded a pre-seed round for Skylight. Graham &amp; Walker Venture Fund was also an investor in the round.
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Why It's Important: White and Hermeyer said they were inspired to create Skylight when news of TikTok being banned in the U.S. broke.
While the potential TikTok ban is on pause as a buyer is shopped for, Skylight could be set to benefit from being ban-proof by using the underlying Bluesky technology, for the decentralized social media network.
White was a travel influencer worried about losing all of her past TikTok videos, which she has backed up. While she may have the videos, she fears that she could lose the comments and access to her community following she built.
Skylight supports video uploads like TikTok, but also wants to make sure users can customize their feed in the future, giving creators more control. This could include sounds, duets, stitching, bookmarks, playlists and more, according to the report.
Cuban previously said he was interested in backing apps similar to TikTok and are created with Bluesky in mind.
The Skylight app is available in the Google Play Store and Apple&#8217;s iOS store. 
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Photo: Shutterstock

Social Media

Financing

Mark Cuban Backs TikTok Rival That Uses BlueSky Technology: How Skylight Is Changing The Game

Globus Medical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMED#NYSE">GMED</a>) has outperformed the market over the past 10 years by 1.08% on an annualized basis producing an average annual return of 11.62%. Currently, Globus Medical has a market capitalization of $10.38 billion. 
Buying $100 In GMED: If an investor had bought $100 of GMED stock 10 years ago, it would be worth $294.81 today based on a price of $75.50 for GMED at the time of writing.
<h3>Globus Medical's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743633044_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GMED

$100 Invested In Globus Medical 10 Years Ago Would Be Worth This Much Today

Back in 2009, during a <a href="https://charlierose.com/videos/22046">sit-down with Charlie Rose</a> in the wake of the financial crisis, Warren Buffett made his stance on cash loud and clear: he wasn't a fan.
"<a href="https://www.benzinga.com/personal-finance/24/05/38592657/warren-buffett-warns-cash-is-always-a-bad-investment-because-its-sure-to-go-down-in-value-having">Cash is always a bad investment</a>," he told Rose. "When people say ‘cash is king,' that's crazy… It was sure to go down in value over time." He compared it to oxygen — necessary, but only in reasonable doses saying, "You don't need to have excessive amounts of it around." He also added, "Anytime we have surplus cash around, I'm unhappy. I would much rather have good businesses than cash."
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Fast forward to 2025, and the chairman of Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>, BRK.B)) is now sitting on a record-shattering $334.2 billion in cash — more than the company's stock portfolio, which shrank to $272 billion last year, <a href="https://fortune.com/2025/03/15/warren-buffett-berkshire-hathaway-stock-market-correction-cash-pile-acquisitions/">according to Fortune</a>. That's nearly double the cash pile from the year before.
So, what gives?
According to Buffett, nothing's changed in terms of philosophy. In his <a href="https://www.berkshirehathaway.com/2024ar/2024ar.pdf">most recent letter to shareholders</a>, he emphasized that "Berkshire will never prefer ownership of cash-equivalent assets over the ownership of good businesses."&nbsp;
But unfortunately, those good businesses are&nbsp; getting harder to find.
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In <a href="https://www.berkshirehathaway.com/letters/2023ltr.pdf">last year's letter</a>, Buffett had already set expectations, noting that the days of "eye-popping" returns at Berkshire were likely behind them. "There remain only a handful of companies in this country capable of truly moving the needle at Berkshire," he wrote. "And they have been endlessly picked over by us and by others."
Translation? There's not much out there worth writing a big check for. Even outside the U.S., Buffett sees "essentially no candidates that are meaningful options" for deploying capital. So instead of chasing overpriced deals, he's parking the cash and waiting.
Which brings it back to another classic Buffettism: "<a href="https://www.benzinga.com/markets/25/03/44533852/what-would-buffett-do-with-markets-inches-away-from-the-extreme-fear-zone-is-it-finally-time-to-be-greedy">Be fearful when others are greedy</a>, and greedy when others are fearful."
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Right now, fear is floating in the air — inflation remains sticky, interest rates are still high, and the stock market's looking a little overcaffeinated. That might explain why Buffett is <a href="https://www.benzinga.com/news/earnings/25/02/43903272/buffetts-assures-berkshire-hathaway-shareholders-amid-skyrocketing-cash-reserves">choosing patience over action</a>. After all, a deal-hunter doesn't rush the aisle unless the sale signs are flashing.
To be clear, Buffett hasn't suddenly fallen in love with cash. He's just not going to force-feed billions into subpar investments to stay busy. And with Berkshire's size, it takes a really big fish to move the needle — not just any publicly traded guppy.
So yes, cash might still be a "bad investment" in Buffett's eyes. But sometimes, sitting still is the smartest move in the room — especially when you're holding $334 billion and waiting for the right moment to pounce.
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</ul>

Warren Buffett Said 'Cash Is Always A Bad Investment' And You Don't Need 'Excessive Amounts'  — But He's Sitting On Record $334 Billion Cash Pile

The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500, is facing heavy selling pressure in Wednesday&#8217;s after-hours session following reciprocal tariffs<a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value"> from the Trump Administration</a>.
What To Know: U.S. President Donald Trump unveiled sweeping new tariffs on Wednesday designed to help strengthen the American economy over the long term. The move could have dramatic impacts on the economy in the near term, as evidenced by the steep sell-off in reaction by the market.
The SPY was last down about 2.8% after hours, trading just below the $550 level. With a market capitalization of approximately $47.36 trillion as of April 1, <a href="https://www.slickcharts.com/sp500/marketcap#:~:text=The%20S%26P%20500%20has%20a,the%20outstanding%20float%20share%20count.">per</a> Slickcharts, the S&amp;P 500 saw approximately $1.3 trillion in value disappear on Wednesday.
Here&#8217;s a look at some of the biggest movers in the S&amp;P 500 after hours:
<ul>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) down 15.01% at $38.22</li>
</ul>
<ul>
<li>Five Below Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) down 13.5% at $70.49</li>
</ul>
<ul>
<li>AST SpaceMobile Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) down 11.2% at $19.90</li>
</ul>
<ul>
<li>Dollar Tree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) down 11.1% at $68.99</li>
</ul>
<ul>
<li>Lululemon Athletica Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) down 10.9% at $251.96</li>
</ul>
<ul>
<li>Deckers Outdoor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) down 10.1% at $106.05</li>
</ul>
<ul>
<li>Skechers U.S.A. Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) down 9.59% at $53.38</li>
</ul>
<ul>
<li>Shopify Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) down 9.01% at $91.58</li>
</ul>
<ul>
<li>V.F. Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) down 8.77% at $14.95</li>
</ul>
<ul>
<li>Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) down 8.39% at $39.03</li>
</ul>
<ul>
<li>Viper Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) down 8.41% at $42.08</li>
</ul>
<ul>
<li>SharkNinja Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>) down 8.09% at $81.25</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value">Markets Reel As Trump&#8217;s Tariffs Hit — Magnificent 7 Set To Shed Almost $700 Billion</a></li>
</ul>
Photo: Shutterstock.

Government

After-Hours Center

ASTS

DECK

DLTR

FIVE

HOOD

LULU

ONON

SHOP

VNOM

Trump Tariffs Trigger Sell-Off: On Holding, AST SpaceMobile, Lululemon, Shopify, Robinhood Tank

Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) has outperformed the market over the past 20 years by 3.72% on an annualized basis producing an average annual return of 11.85%. Currently, Ross Stores has a market capitalization of $43.43 billion. 
Buying $1000 In ROST: If an investor had bought $1000 of ROST stock 20 years ago, it would be worth $9,305.45 today based on a price of $132.09 for ROST at the time of writing.
<h3>Ross Stores's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743632128_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ROST

$1000 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

Including this latest order, bookings for products from this OEM of natural gas turbines exceed $2.0 million in the first quarter of 2025.

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