U.S. stock futures fell on Monday after three consecutive days of decline on Friday. Futures of major benchmark indices were lower in premarket trading.



Stocks decline as investors await the day of incoming reciprocal tariffs on April 2nd. This is termed &#8220;Liberation Day&#8221; by U.S. President Donald Trump.



Goldman Sachs, in its recent note, predicted a <a href="https://www.benzinga.com/markets/equities/25/03/44554304/goldman-sachs-raises-us-recession-risk-to-35-expects-inflation-at-3-5-in-2025-amid-tariff-uncertainties-economist-mohamed-el-erian-highlights-stagflationary-twist">35% recession risk</a> and reciprocal tariffs that average 15% across all U.S. trading partners, although product and country exclusions could whittle the addition to the average U.S. tariff rate down to 9 percentage points.



The stock market ended the month of March and the first quarter on a rough note. As of Friday, the Nasdaq 100 index was 13.24% from its previous high. The S&amp;P 500 was 9.22% lower from its record level, and the Dow Jones was down 7.74% from its 52-week high.



With the 10-year Treasury yield at 4.63% and the 2-year at 3.88%, the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> shows markets pricing in an 82.1% likelihood of the Federal Reserve maintaining current interest rates through its May meeting. 



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Nasdaq 100</td><td>-1.24%</td></tr><tr><td>S&amp;P 500</td><td>-0.85%</td></tr><tr><td>Dow Jones</td><td>-0.57%</td></tr><tr><td>Russell 2000</td><td>-1.08%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, dropped in premarket on Friday. The SPY was down 0.71% to $551.70, while the QQQ declined 1.16% to $463.49, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



Most sectors on the S&amp;P 500 ended Friday in the red, with consumer discretionary, communication services, and information technology stocks posting the steepest losses. In contrast, utilities outperformed, closing the session higher despite broader market weakness.



Adding to market jitters, the Fed's preferred inflation gauge, the core Personal Consumption Expenditures price index, rose 2.8% year-over-year in February, exceeding expectations of 2.7%.



Investor anxiety was further fueled by the University of Michigan Survey of Consumers, which revealed a jump in 5-year forward inflation expectations to 4.1%, marking the highest level since February 1993.



In corporate earnings, AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) shares plunged more than 16% after the company reported a third-quarter sales miss.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-2.70%</td><td>17,322.99</td></tr><tr><td>S&amp;P 500</td><td>-1.97%</td><td>5,580.94</td></tr><tr><td>Dow Jones</td><td>-1.69%</td><td>41,583.90</td></tr><tr><td>Russell 2000</td><td>-2.05%</td><td>2,023.27</td></tr></tbody></table></figure>



Insights From Analysts:



As the date for &#8220;reciprocal tariffs&#8221; or "Liberation Day," as termed by President Trump, gets closer, Louis Navellier of Navellier &amp; Associates says that there is a lot for investors to be excited about in April.



&#8220;Overall, despite continued tariff distractions, after &#8216;Liberation Day,&#8217; I am expecting economic optimism to rise steadily in the upcoming months. Continued strong corporate earnings and lower interest rates are a powerful one-two punch that is expected to drop kick and propel economic growth dramatically higher,&#8221; he said.



However, Goldman Sachs has increased its U.S. recession probability from 20% to 35% in its recent note.



Christian Mueller-Glissmann, the leading asset allocation researcher at Goldman Sachs, has <a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-reco">warned that the risk of further market correction</a> is still looming in the U.S. &#8220;The equity drawdown probability hasn&#8217;t peaked yet,&#8221; he said.



The factors supporting Goldman Sachs Research's view that the market correction has further to go include:



<ul>
<li>Its model's forecast has signaled heightened risk since January and has yet to indicate a peak in the likelihood of continued declines.</li>
</ul>



<ul>
<li>A weakening macroeconomic backdrop, combined with the equity drawdown, suggests that the market has not yet found a bottom.</li>
</ul>



<ul>
<li>The risk appetite indicator, which measures investor sentiment, remains above the ‘-2' threshold that historically signals a potential market reversal absent policy or economic shifts, indicating that a strong buying opportunity has not yet emerged.</li>
</ul>



<ul>
<li>The Magnificent Seven tech stocks, which play a key role in retail investor confidence, have experienced notable declines, and further weakness in these stocks could weigh on sentiment.</li>
</ul>



<ul>
<li>European and Chinese equities, which are currently outperforming the U.S., have historically led initially but ultimately followed the U.S. during broader market corrections, suggesting that a deeper U.S. downturn could pull global markets lower.</li>
</ul>



Mueller-Glissmann notes a key limitation of his equity drawdown model: it doesn't factor in policy shifts. "If President Trump or the Federal Reserve makes a major policy pivot, markets could recover much faster," he said.



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on this week:



<ul>
<li>On Monday, March&#8217;s Chicago Business Barometer (PMI) will be released by 9:45 a.m. ET.</li>
</ul>



<ul>
<li>On Tuesday, Richmond Federal Reserve President Thomas Barkin will speak at 9:00 a.m. ET.</li>
</ul>



<ul>
<li>March&#8217;s S&amp;P final U.S. manufacturing PMI will be out by 9:45 a.m. ET.</li>
</ul>



<ul>
<li>February&#8217;s construction spending, job openings, and March&#8217;s ISM manufacturing data will be released by 10:00 a.m. ET and the time for auto sales data is yet to be determined.</li>
</ul>



<ul>
<li>On Wednesday, March&#8217;s ADP employment data will be out by 8:15 a.m. ET.</li>
</ul>



<ul>
<li>February&#8217;s factory orders data will be released at 10:00 a.m. ET.</li>
</ul>



<ul>
<li>Fed Governor Adriana Kugler will speak at 4:30 p.m. ET.</li>
</ul>



<ul>
<li>On Thursday, the initial jobless claims data for the week ending March 29 and February&#8217;s U.S. trade deficit data will be released by 8:30 a.m. ET.</li>
</ul>



<ul>
<li>March&#8217;s S&amp;P final U.S. services PMI and ISM services will be announced between 9:45 and 10:00 a.m. ET.</li>
</ul>



<ul>
<li>Fed Vice Chairman Philip Jefferson will speak at 12:30 p.m., and Fed Governor Lisa Cook will speak at 2:30 p.m. ET.</li>
</ul>



<ul>
<li>On Friday, March&#8217;s U.S. employment report, unemployment rate, and hourly wages data will be out by 8:30 a.m. ET.</li>
</ul>



<ul>
<li>Fed Chairman Jerome Powell will speak at 11:25 a.m. ET.</li>
</ul>



<ul>
<li>Fed Governor Michael Barr will speak at noon, and Fed Governor Christopher Waller will speak at 12:45 p.m. ET.</li>
</ul>



Stocks In Focus:



<ul>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) fell 0.66% in premarket on Monday ahead of its earnings after the closing bell. Analysts expect a quarterly earnings of $3.22 per share on revenue of $2.34 million.</li>
</ul>



<ul>
<li>Progress Software Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) tumbled 0.31% as Wall Street expects it to report a quarterly earnings of $1.06 per share on revenue of $235.63 million after the closing bell.</li>
</ul>



<ul>
<li>Loar Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) declined 1.64% ahead of its earnings before the opening bell. Analysts expect a quarterly earnings of 10 cents per share on revenue of $102.54 million.</li>
</ul>



<ul>
<li>Babcock &amp; Wilcox Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) was up 1.27% as Wall Street expects it to report a quarterly loss of 1 cent per share on revenue of $213.07 million after the closing bell.</li>
</ul>



<ul>
<li>Xos Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) jumped 9.01% as its 2024 revenue surged to $56 million, compared to $44.5 million in 2023. The company delivered 297 units in 2024, up from 283 units in the previous year.</li>
</ul>



<ul>
<li>Acuren Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIC#NYSE">TIC</a>) slumped 37.78% after a revenue miss and reported a $105.5 million Successor Net Loss for 2024, mainly due to one-time transaction costs. Combined Adjusted EBITDA rose 11.5% to $186.7 million, with margins improved to 17.0% from 15.9% in 2023.</li>
</ul>



<ul>
<li>Treasure Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) surged 47.50% as it announced plans to develop and deploy an advanced AI cloud infrastructure in Malaysia capable of supporting trillion-parameter models, last week.</li>
</ul>



<ul>
<li>Lexicon Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) was up 1.38% as it signed an exclusive global license deal with Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) for a first-in-class oral non-incretin drug for obesity and metabolic disorders. The agreement includes up to $1 billion in potential payments, with $75 million upfront and in near-term milestones</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.74% to hover around $69.87 per barrel.



Gold Spot US Dollar advanced 1.24% to hover around $3,122.41 per ounce. Its fresh record high stood at $3,127.88 per ounce. The U.S. Dollar Index spot was lower by 0.05% at the 103.997 level.



Asian markets closed on a lower note on Monday. China&#8217;s CSI 300, India's S&amp;P BSE Sensex, Hong Kong's Hang Seng, South Korea's Kospi, Japan's Nikkei 225, and Australia's ASX 200 index declined. European markets were also lower in early trade.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/25/03/44554923/goldman-sachs-warns-us-stocks-are-at-risk-of-further-declines-but-policy-pivot-from-trump-or-fed-could-stoke-reco">Goldman Sachs Warns US Stocks &#8216;Are At Risk Of Further Declines,&#8217; But Policy Pivot From Trump Or Fed Could Stoke Recovery</a></li>
</ul>



Photo courtesy: Shutterstock

Analyst Color

Asia

Earnings

Earnings Beats

Earnings Misses

Equities

Government

Macro Economic Events

Macro Notification

Market Summary

News

Regulations

Bonds

Broad U.S. Equity ETFs

Guidance

Emerging Markets

Eurozone

Futures

Commodities

Forex

Treasuries

Economics

Federal Reserve

Pre-Market Outlook

Markets

Analyst Ratings

ETFs

General

LOAR

LXRX

PRGS

US Stocks Likely To Open Lower After 3-Day Fall: 'Equity Drawdown Probability Hasn't Peaked Yet,' Says Goldman Sachs Analyst

Prominent investor Chamath Palihapitiya suggested that recent vandalism against Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) represents a coordinated campaign to pressure CEO Elon Musk regarding his work with the Department of Government Efficiency (DOGE), amid mounting concerns from both owners and analysts about the company&#8217;s direction.



What Happened: &#8220;After watching the Fox interview with the DOGE team, it&#8217;s clear to me that the domestic terrorism against Tesla isn&#8217;t bottoms-up vandalism. It&#8217;s an organized effort to pressure Elon to walk away from DOGE,&#8221; Palihapitiya wrote on X, referring to Musk&#8217;s role in the Department of Government Efficiency.



Palihapitiya claimed &#8220;monied interests&#8221; who have &#8220;benefited for decades from organized &#8216;leakage&#8217; from the government&#8221; are behind the attacks, suggesting the United States Department of Justice could uncover this by &#8220;arresting the protestors, making them roll and following the money.&#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">After watching the Fox interview with the DOGE team, it's clear to me that the domestic terrorism against Tesla isn't bottoms-up vandalism. It's an organized effort to pressure Elon to walk away from DOGE. Why? There are monied interests that have benefited for decades from…&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1906037828397728164?ref_src=twsrc%5Etfw">March 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



His comments follow multiple reported incidents, including arson at charging stations near Boston, gunshots at a Portland dealership, and attacks on Cybertrucks in Seattle. Rep. Marjorie Taylor Greene (R-Ga.) and House subcommittee members have called for a Federal Bureau of Investigation investigation into these incidents, questioning potential ties to <a href="https://www.benzinga.com/markets/equities/25/03/44295318/marjorie-taylor-greene-demands-fbi-doj-probe-into-organized-attacks-on-teslaquestions-possible-democrat-ngo-ties">Democrat-leaning organizations</a>.



See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44554008/wall-street-on-edge-futures-slide-ahead-of-trumps-liberation-day-tariff-shock">Wall Street On Edge: Futures Slide Ahead of Trump&#8217;s &#8216;Liberation Day&#8217; Tariff Shock</a>



Why It Matters: Tesla owners have expressed growing <a href="https://www.benzinga.com/25/03/44411282/tesla-owners-call-on-elon-musk-for-advanced-security-features-amid-rising-vandalism-there-definitely-is-fear-right-now">fears about vehicle security</a>. &#8220;I really hope Tesla is working on some sort of defensive measures,&#8221; said Tesla owner and investor Sawyer Merritt, as reported by Fortune. John Stringer, President of the Tesla Owners Silicon Valley club, added: &#8220;Within the community, there definitely is fear right now.&#8221;



Attorney General Pam Bondi has characterized the vandalism as &#8220;domestic terrorism,&#8221; while the FBI investigates multiple incidents, including Tesla vehicles being shot at and set ablaze in Las Vegas.



Meanwhile, Wedbush Securities analyst Dan Ives has urged Musk to formally reaffirm his commitment to Tesla and outline a clear <a href="https://www.benzinga.com/markets/equities/25/03/44295318/marjorie-taylor-greene-demands-fbi-doj-probe-into-organized-attacks-on-teslaquestions-possible-democrat-ngo-ties">roadmap for new vehicle launches</a>, calling the current situation &#8220;unsustainable&#8221; for shareholders. Tesla&#8217;s stock has declined approximately 45% since December, with the company reporting its first annual sales decline in 2024.



Tesla lacks a strong valuation metric and short- to medium-term price trend on Benzinga Edge Stock Rankings. However, the stock maintains a positive long-term price trend. For deeper insights, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">sign up for Benzinga Edge</a>.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44553807/boeing-lands-50-jet-deal-with-boc-aviation-as-part-of-120-aircraft-order" target="_blank" rel="noreferrer noopener">Boeing Lands 50-Jet Deal With BOC Aviation As Part Of 120-Aircraft Order</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.

TSLA

Chamath Palihapitiya Claims Tesla Attacks Part Of 'Organized Effort' Against Elon Musk's DOGE Role

Billionaire entrepreneur and investor Mark Cuban voiced concerns over a potential economic crisis brewing in rural America, dubbing it the &#8220;Red Rural Recession&#8221;.



What Happened: Cuban, in a post on BlueSky Social on Friday, warned of a possible recession in rural America, attributing it to the ripple effects of extensive budget cuts, layoffs, and the termination of grants and contracts, which are disproportionately affecting smaller towns, cities, and states.



This warning comes amid a thorough examination of&nbsp;economic policies and fiscal decisions, especially in politically conservative &#8220;red&#8221; regions that often heavily depend&nbsp;on federal and state support&nbsp;to maintain their local economies. Cuban suggests that the &#8220;Red Rural Recession&#8221; could be imminent if the current trend of cuts persists.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="600" height="306" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31041432/Screenshot-2025-03-31-134403.png" alt="" class="wp-image-848707" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31041432/Screenshot-2025-03-31-134403.png 600w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31041432/Screenshot-2025-03-31-134403-300x153.png 300w" sizes="(max-width: 600px) 100vw, 600px" /></figure>



&#8220;Red&#8221;&nbsp;states, predominantly Republican-leaning, have historically&nbsp;endorsed&nbsp;policies favoring deregulation and reduced&nbsp;government spending. However, Cuban&#8217;s critique indicates&nbsp;a paradox: the very policies&nbsp;advocated by these regions&#8217; leaders could now be hastening their economic downfall



SEE ALSO: <a href="https://www.benzinga.com/markets/25/03/44555517/once-called-a-big-mistake-warren-buffetts-precision-castparts-acquisition-sees-a-2-billion-rebound-narrowing-berkshire-hathaways-losses">Once Called A &#8216;Big Mistake,&#8217; Warren Buffett&#8217;s Precision Castparts Acquisition Sees A $2 Billion Rebound, Narrowing Berkshire Hathaway&#8217;s Losses</a>



Why It Matters: Mark Cuban reiterated the warning of a &#8216;Red Rural Recession&#8217; in a following post after CNN highlighted stories like that of Jennifer Piggott, a self-proclaimed &#8220;MAGA junkie&#8221; from a red-voting city in West Virginia. Piggott, along with 124 other probationary civil service workers, was let go from the Treasury Department's Bureau of Fiscal Service, leading to a significant blow to the local economy.



The Bureau, which employs around 2,000 people in a city of 29,000, was severely impacted by these layoffs. Despite a federal judge&#8217;s order to reinstate the fired employees, the Donald Trump administration appealed to the Supreme Court, leaving these individuals in a state of uncertainty.



Rural areas, typically&nbsp;characterized by smaller populations and&nbsp;limited industrial diversity, are particularly&nbsp;susceptible&nbsp;to disruptions in government funding&nbsp;and employment. The shutdown of federal or state offices, or the termination of contracts with local businesses, could result in immediate job losses, dwindling tax revenues, and financial turmoil in entire communities.



Cuban had previously <a href="https://www.benzinga.com/25/03/44431190/billionaire-mark-cuban-questions-motives-behind-national-turnaround-efforts-asks-who-will-be-worse-off-in-the-us-economic-shift">questioned the motives </a>of the Elon Musk-led Department of Government Efficiency (DOGE), saying, &#8220;But this isn't a corporate turnaround. This is the United States of America.&#8221;



<ul>
<li>READ MORE: <a href="https://www.benzinga.com/markets/equities/25/03/44555726/chamath-palihapitiya-claims-tesla-attacks-part-of-organized-effort-against-elon-musks-doge-role">Chamath Palihapitiya Claims Tesla Attacks Part Of &#8216;Organized Effort&#8217; Against Elon Musk&#8217;s DOGE Role</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.

Mark Cuban Warns Of 'Red Rural Recession' As Hundreds Of Small Town MAGA Supporters Reportedly Lose Federal Jobs: 'Their Finances Will Be Turned Upside Down'

Leading cryptocurrencies dipped on Sunday as investors remain cautious ahead of President Donald Trump's tariff "Liberation Day."



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:45 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-1.38%</td><td>$81,421.08</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.80%</td><td>$1,782.50</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>-2.66%</td><td>$0.1637</td></tr></tbody></table></figure>



What Happened: Bitcoin tumbled below $82,000 during the weekend, a sharp U-turn after hitting nearly $90,000 earlier in the week.



Ethereum also dipped below $1,800 after breaching $2,000 early in the week, marking a 9% decline.



The apex cryptocurrency was down 12.21% in the first quarter, on track to record its worst since 2018. Similarly, Ethereum sank over 45% this quarter. The last time it experienced such struggles was in 2018, when it fell by 46%.



Interestingly, Bitcoin's dominance reached a 4-year high of 61.2%, indicating increased rotation out of altcoins toward the leading digital asset.



Bitcoin's Open Interest dropped by 2.85% in the last 24 hours, suggesting weak speculative demand. The percentage of traders positioned short on BTC rose sharply vis-à-vis those betting on its price increase, according to the Long/Short Ratio.



"Fear" sentiment dominated the market, according to the Crypto Fear and Greed Index.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:45 p.m. ET)</td></tr><tr><td>EOS (EOS)</td><td>+10.73%</td><td>$0.6</td></tr><tr><td>Toncoin (TON)</td><td>+5.75%</td><td>$3.87</td></tr><tr><td>Four (FORM)</td><td>+5.11%</td><td>$2.30</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $2.84 trillion, following a drop of 0.24% in the last 24 hours.



Stock futures were seen lower overnight on Sunday evening. The Dow Jones Industrial Average Futures slid 199 points, or 0.48%, as of 8:41 p.m. EDT.  Futures tied to the S&amp;P 500 dipped 0.78%, while Nasdaq 100 Futures fell 1.37%.



Uncertainty pervaded capital markets ahead of Trump&#8217;s highly touted <a href="https://in.benzinga.com/25/03/44502030/trump-may-slap-a-20-tariff-on-europe-yet-april-still-offers-rally-hopes-for-european-stocks">"Liberation Day,"</a> a moment when &#8220;reciprocal&#8221; tariffs would be introduced against trading partners accused of taking advantage of low U.S. trade barriers.



The overhang has triggered a sharp decline in stocks this month, with the S&amp;P 500 and Dow losing 6.27% and 5.15%, respectively.



The Dow Jones Industrial Average fell 155.09 points, or 0.37%, to close at 42,299.70. The S&amp;P 500 slid 0.33%, ending at 5,693.31, while the tech-focused Nasdaq Composite dipped 0.53% to close at 17,804.03.



Investors likely reacted to Trump&#8217;s<a href="https://in.benzinga.com/25/03/44506345/trump-imposes-25-tariffs-on-auto-imports-says-this-will-continue-to-spur-growth-canada-eu-slam-the-move"> new 25% tariffs targeting foreign automakers</a>.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Popular blockchain analytics firm CryptoQuant stated that seasonal market participants who were previously selling Bitcoin during local peaks have now shifted to accumulation and HODLing.



"The transition of experienced players into a holding (accumulation) phase signals the potential for further BTC growth in the medium term," CryptoQuant 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">Experienced players have transitioned into the coin accumulation phase "Seasoned market participants, who previously engaged in active selling at local peaks (denoted by red circles), have now shifted their strategy toward holding and accumulating positions." – By <a href="https://twitter.com/AxelAdlerJr?ref_src=twsrc%5Etfw">@AxelAdlerJr</a> <a href="https://t.co/hwDwUz1A3q">pic.twitter.com/hwDwUz1A3q</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1906382563599319381?ref_src=twsrc%5Etfw">March 30, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Widely followed cryptocurrency analyst and trader Rekt Capital noticed that Bitcoin filled the CME gap area from $82,000 to $85,000 and was on track to form a new CME gap between $82,700 and $84,000.



"That CME gap will likely form between $82,700 and $84,000, which could set BTC up for a move into at least $84,000 next week," the analyst predicted.



CME gaps are the differences in price between the closing price on a given trading day and the opening price on the following trading day on a Bitcoin futures chart. They often act as strong support or resistance levels.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> has filled the general CME Gap area from $82k-$85k Moreover, Bitcoin will probably develop a brand new CME Gap over this weekend That CME Gap will likely form between $82700 and $84000 Which could set BTC up for a move into at least $84k next week<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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/l2ICljv0Kn">https://t.co/l2ICljv0Kn</a> <a href="https://t.co/5mkrFs4jF8">pic.twitter.com/5mkrFs4jF8</a>&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1906380092453917168?ref_src=twsrc%5Etfw">March 30, 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:    



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44552714/macro-expert-raoul-pal-bitcoin-poised-for-massive-gains">Macro Expert Raoul Pal: Bitcoin Poised For Massive Gains</a></li>
</ul>

Cryptocurrency

Movers

Trading Ideas

$BTC

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Sink As Risk Appetite Shrinks Ahead Of Trump's 'Liberation Day:' Analyst Says Seasoned Participants Have Shifted From Selling To HODLing

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index moved to the &#8220;Extreme Fear&#8221; zone on Friday.



U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 700 points during the session as investors assessed recent tariff-related news.



Earlier on Friday, the Fed&#8217;s favorite inflation gauge – the core Personal Consumption Expenditure price index – rose 2.8% on an annual basis in February, surprising estimates of 2.7%.



Investor anxiety deepened following the latest University of Michigan Survey of Consumers, which showed 5-year forward inflation expectations jumping to 4.1%, a 0.2-point increase from prior estimates and the highest reading since February 1993.



AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) shares dipped over 16% on Friday after the company reported a third-quarter sales miss.



Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, communication services, and information technology stocks recording the biggest losses on Friday. However, utilities stocks bucked the overall market trend, closing the session higher.



The Dow Jones closed lower by around 716 points to 41,583.90 on Friday. The S&amp;P 500 fell 1.97% to 5,580.94, while the Nasdaq Composite tumbled 2.70% to 17,322.99 during Friday's session.



Investors are awaiting earnings results from PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>), and Babcock &amp; Wilcox Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 21.9, the index moved to the &#8220;Extreme Fear&#8221; zone on Friday, versus a prior reading of 28.5.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/03/44534977/jim-cramer-healthpeak-properties-is-a-reasonable-reit-recommends-buying-this-health-care-stock">Jim Cramer: Healthpeak Properties Is A &#8216;Reasonable&#8217; REIT, Recommends Buying This Health Care Stock</a></li>
</ul>



Photo courtesy: Shutterstock

Dow Tumbles Over 700 Points Amid Tariff Concerns: Investor Sentiment Declines, Greed Index Moves To 'Extreme Fear' Zone

U.S. stock futures declined Sunday night as investors braced for a potentially volatile week ahead of President Donald Trump&#8216;s <a href="https://www.benzinga.com/markets/25/03/44552465/trump-unfazed-by-potential-auto-price-hikes-amid-new-tariffs-i-couldnt-care-less">anticipated &#8220;Liberation Day&#8221; tariff announcements</a>.



What Happened: Dow Jones futures fell 200 points to 41,651.00, S&amp;P 500 futures dropped 35 points to 5,588.00, and Nasdaq 100 futures tumbled 216 points to 19,241.00, signaling continued pressure on markets that have struggled throughout March.



The major indices are poised to <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44542620/inflation-fears-spark-risk-off-sentiment-as-magnificent-7-drop-whats-driving-markets-friday">end the month with sharp declines</a>, as the S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), is down 6.27%, the Dow Jones Industrial Average, tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), has dropped 5.15%, and the Nasdaq Composite, tracked by Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), has tumbled 8.09%.



Global markets also reflected investor anxiety, with Japan&#8217;s Nikkei 225 plummeting 1,203.93 points to 35,916.40 on Monday at 10:25 am local time.



See Also: <a href="https://www.benzinga.com/markets/25/03/44549998/cathie-wood-sees-small-business-recovery-ahead-tom-lee-predicts-extremely-high-odds-of-a-v-shaped-ma">Cathie Wood Sees Small Business Recovery Ahead, Tom Lee Predicts &#8216;Extremely High&#8217; Odds Of A V-Shaped Market Rebound</a>



Why It Matters: Trump is set to announce new &#8220;reciprocal&#8221; tariffs on April 2, dubbed &#8220;Liberation Day,&#8221; aimed at countries <a href="https://in.benzinga.com/25/03/44502030/trump-may-slap-a-20-tariff-on-europe-yet-april-still-offers-rally-hopes-for-european-stocks">imposing trade barriers and duties</a>.



The tariff concerns compound existing trade tensions following Trump&#8217;s Mar. 26 announcement of <a href="https://in.benzinga.com/news/25/03/44546899/trumps-25-auto-tariffs-rattle-wall-street-feds-favorite-inflation-gauge-surges-consumer-price-worries-rocket-this-week-in-markets">25% auto tariffs</a> scheduled to take effect Apr. 3. Additionally, the one-month suspension of 25% tariffs on numerous Canadian and Mexican goods is set to expire in early April.



Market participants will also digest critical economic data this week, highlighted by the March jobs report scheduled for release Friday morning at 8:30 a.m. ET, which could provide insights into the health of the U.S. economy amid mounting trade pressures.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44553807/boeing-lands-50-jet-deal-with-boc-aviation-as-part-of-120-aircraft-order">Boeing Lands 50-Jet Deal With BOC Aviation As Part Of 120-Aircraft Order</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.

Wall Street On Edge: Futures Slide Ahead of Trump's 'Liberation Day' Tariff Shock

Pierre Ferragu, an analyst at New Street Research, long-time Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) advocate, and Grok investor, believes that the <a href="https://www.benzinga.com/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">$113 billion market cap</a> of Elon Musk's latest merger will soon seem modest.



What Happened: Ferragu reacted positively to the news that Musk is merging xAI with his social media platform X in a deal valuing the combined entity at $113 billion.



"Oh yes. The global town square is taking a massive step up," Ferragu said X, adding that the $113 billion valuation "will look tiny in a few years," highlighting his bullish outlook on the growth potential of the merged companies.&nbsp;



"So much potential," he said, while also noting, "I am biased, do your own research."



See Also:&nbsp;<a href="https://in.benzinga.com/tech/25/02/43772135/ex-openai-chief-scientist-ilya-sutskevers-ai-startup-valued-at-30-billion-in-latest-funding-round-report" target="_blank" rel="noreferrer noopener">Ex-OpenAI Chief Scientist Ilya Sutskever's AI Startup Valued At $30 Billion In Latest Funding Round: Report</a>



<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">This $113bn market cap will look tiny in a few years. So much potential. (I am biased, do your own research.)&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1905812601977626710?ref_src=twsrc%5Etfw">March 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: The all-stock deal combines xAI, which Musk launched to rival ChatGPT-parent OpenAI, with X, formerly Twitter, which he acquired for<a href="https://www.benzinga.com/general/social-media/25/03/44404525/elon-musk-paid-high-price-for-twitter-but-after-years-of-declining-value-x-is-once-again-wor"> $44 billion in October 2022</a>.&nbsp;



Musk said the merger will unify "data, models, compute, distribution and talent" under a new holding company, xAI Holdings Corp. The move values xAI at $80 billion and X at $33 billion.



Musk has a history of merging his own companies. In 2016, he leveraged Tesla stock to acquire SolarCity, his solar energy venture.



His other privately held enterprises include SpaceX, which focuses on rocket technology; Neuralink, a company developing brain-implant chips; and The Boring Company, specializing in tunnel construction.



Photo courtesy: 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>.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43221770/apples-ipad-turns-15-today-heres-a-throwback-to-when-steve-jobs-explained-called-it-the-third-category-after-phones-and-notebooks" target="_blank" rel="noreferrer noopener">Apple&#8217;s iPad Turns 15 Today: Here&#8217;s A Throwback To When Steve Jobs Explained Called It The ‘Third Category&#8217; After Phones And Notebooks</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Tech

Tesla Bull Pierre Ferragu Predicts $113 Billion Combined Market Cap Of Elon Musk's AI Startup xAI And X Will Look 'Tiny' In Few Years: 'So Much Potential'

President Donald Trump remains undeterred in the face of potential price hikes in the auto industry in response to his new tariffs on foreign-made vehicles.



What Happened: On Saturday, Trump refuted claims that he had advised auto industry leaders against price increases in response to the new tariffs. Instead, he reaffirmed his decision to raise tariffs in an effort to boost American manufacturing.



&#8220;I couldn&#8217;t care less if they raise prices, because people are going to start buying American-made cars,&#8221; Trump stated in an interview <a href="https://www.nbcnews.com/politics/donald-trump/trump-says-couldnt-care-less-automakers-raise-prices-tariffs-rcna198731">with</a> NBC News. He further expressed his anticipation for price increases, which he believes will steer consumers towards American-made vehicles.



Earlier this week, Trump declared a 25% tariff on foreign-made cars and auto parts, set to take effect from April 2. Countries such as Germany, Japan, and South Korea are predicted to be most affected by these tariffs.



Also Read: <a href="https://www.benzinga.com/25/03/44509009/over-7-million-vehicles-could-face-the-brunt-of-trumps-auto-tariff-this-could-drive-not-the-overall-economy-stric">Over 7 Million Vehicles Could Face The Brunt Of Trump&#8217;s Auto Tariffs: &#8216;This Could Drive&#8230;The Auto industry Into Recession&#8217;</a>



Trump confirmed these import policies are here to stay. &#8220;The world has been ripping&nbsp;off the United States for&nbsp;the last 40 years and&nbsp;more,&#8221; he declared. &#8220;And all we&#8217;re&nbsp;doing is being fair, and&nbsp;frankly, I&#8217;m being very generous.&#8221;



According to reports, if&nbsp;the tariffs are fully passed&nbsp;onto consumers, the average price of an imported vehicle could spike by $12,500. This could potentially fuel overall inflation. However, Trump pointed out that countries with &#8220;great value&#8221; resources might have room to negotiate lower prices.



Despite some resistance from lawmakers, Trump is convinced that this move will bring long-term benefits for the U.S. This announcement has already triggered significant investments in American plants by foreign companies, including&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;Honda Motor Co., Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>), and&nbsp;Hyundai Motor Company&nbsp;(KRX: 005380).



Why It Matters: This decision by the President could reshape the auto industry, potentially leading to a shift in consumer behavior towards American-made vehicles. 



The move has already sparked investments from foreign companies in American manufacturing plants, indicating a possible boost to the domestic auto industry. 



However, the potential price hike and its impact on inflation will be a key factor to watch in the coming months.



Read Next



<a href="https://www.benzinga.com/markets/25/03/44346155/trumps-tesla-shoutout-falls-flat-no-spike-in-orders-or-inventory-movement">Trump&#8217;s Tesla Shoutout Falls Flat — No Spike in Orders or Inventory Movement</a>

Politics

AAPL

Trump Unfazed by Potential Auto Price Hikes Amid New Tariffs: 'I Couldn't Care Less'

Defense Secretary Pete Hegseth has reportedly been taking his wife to high-level foreign meetings where sensitive information was discussed.



What Happened: Hegseth brought Jennifer Hegseth to at least two meetings with foreign military leaders.



According to the report <a href="https://www.wsj.com/politics/national-security/hegseth-brought-his-wife-to-sensitive-meetings-with-foreign-military-officials-c16db0ea?mod=hp_lead_pos1">by</a> The Wall Street Journal, the meetings in question included one with UK Secretary of Defense John Healey on March 6, and a NATO meeting in Brussels in February. Jennifer Hegseth, a former Fox News producer, was present at both meetings where sensitive information regarding support for Ukraine was discussed.



While a&nbsp;secretary can invite anyone to&nbsp;meetings, attendees typically possess security clearances due to the sensitive nature of discussions. Jennifer Hegseth, who is not a Defense Department employee, has not confirmed whether she holds a security clearance.



"When you have meetings with ministers or high-level NATO officials, those meetings almost always include sensitive security conversations," former Secretary of Defense Chuck Hagel, a Republican who served in the Obama administration, told the outlet.



Also Read: <a href="https://www.benzinga.com/startups/25/02/43434159/defense-secretary-pete-hegseths-6m-earnings-revealednewly-sworn-in-defense-secretary-pete-hegseth-earned-nearly-6-million-over-the-past-two-years-from-his-fox-news-job-book-deals-and-spea">Defense Secretary Pete Hegseth&#8217;s $6M Earnings Revealed</a>



"If you are going to discuss top secret, national security issues, you have to be very selective. What's the relevancy of the person you are inviting?" he added. 



Some attendees at the meetings were reportedly unaware of Jennifer Hegseth&#8217;s identity, while others were surprised by her presence. It remains unclear whether her attendance impacted the discussions.



Current and former defense officials&nbsp;have stated that&nbsp;it is unusual for spouses&nbsp;to attend such meetings, raising questions about the appropriateness of Jennifer Hegseth&#8217;s presence.



Why It Matters: The presence of Jennifer Hegseth at these high-level meetings raises serious questions about the security protocols in place. It is not common practice for spouses, who do not hold official positions or security clearances, to be present at such meetings where sensitive information is discussed. 



This incident has sparked a debate about the professional boundaries within the Defense Department and the potential risks associated with breaching these boundaries.



Read Next



<a href="https://www.benzinga.com/news/25/03/44348262/trump-musk-and-democrats-get-low-marks-on-economy-in-nbc-poll">Trump, Musk, and Democrats Get Low Marks on Economy in NBC Poll</a>



Image: Shutterstock

Defense Secretary Hegseth Under Fire for Bringing Wife To High-Level Security Meetings

The past week in the world of business and finance was nothing short of eventful. From the FBI stepping in to address violent protests against&nbsp;Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to&nbsp;Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)&nbsp;making strategic moves in the EV sector, there was no shortage of headlines. Here&#8217;s a quick recap of the top stories.



FBI Steps Up Against Tesla Protests



In response to escalating violent attacks involving Tesla, the Federal Bureau of Investigation has initiated a new task force. FBI Director Kash Patel, who labeled the attacks as &#8220;domestic terrorism,&#8221; addressed the issue on social media.



<a href="https://in.benzinga.com/markets/equities/25/03/44474423/fbi-launches-task-force-to-address-tesla-protests-director-kash-patel-condemns-violence-as-domestic-terrorism">Read the full article here.</a>



Rivian&#8217;s Micromobility Spin-Off



Rivian Automotive announced the spin-off of its micromobility business into a new entity, Also, Inc. The news was well-received by the market, with Rivian&#8217;s shares experiencing a boost post-announcement.



<a href="https://www.benzinga.com/trading-ideas/movers/25/03/44494216/rivian-doubles-down-on-ev-innovation-with-micromobility-spin-off-stock-gains">Read the full article here.</a>



See Also: <a href="https://www.benzinga.com/general/space/25/03/44509379/boeing-lockheeds-vulcan-rocket-aimed-to-rival-spacexs-falcon-9-cleared-for-us-security-missions" target="_blank" rel="noreferrer noopener">Boeing-Lockheed's Vulcan Rocket Aimed To Rival SpaceX's Falcon 9 Cleared For US Security Missions</a>



Experts Dispute Tesla Vandalism Claims



Claims by Elon Musk and Donald Trump that recent attacks on Tesla properties are part of a coordinated effort have been dismissed by law enforcement agencies and experts. A report by NBC News revealed no evidence of such coordinated efforts.



<a href="https://www.benzinga.com/markets/equities/25/03/44455245/tesla-vandalism-no-coordinated-efforts-detected-experts-dispute-elon-musk-and-trumps-allegations">Read the full article here.</a>



Ford&#8217;s Manual Shift in EVs



Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)&nbsp;has filed a patent for a manual shift in electric vehicles, sparking conversations in the EV sector. The company has a history of filing patents for its electric vehicles and technology.



<a href="https://www.benzinga.com/news/25/03/44484646/ford-patent-filing-for-manual-shift-in-evs-will-car-owners-appreciate-the-legacy-stick-shift-efforts">Read the full article here.</a>



Waymo&#8217;s Parking Fines



Alphabet&#8216;s Waymo autonomous vehicles have racked up fines totaling $65,065 in San Francisco for traffic violations, including obstructing traffic and parking in restricted zones.



<a href="https://www.benzinga.com/25/03/44530904/waymos-robotaxis-rack-up-600-parking-tickets-65000-in-fines-in-just-san-francisco-in-2024">Read the full article here.</a>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/25/03/44507598/elon-musk-warns-of-significant-impact-on-tesla-due-to-trumps-auto-tariffs-the-cost-impact-is-not-trivial" target="_blank" rel="noreferrer noopener">Elon Musk Warns Of ‘Significant' Impact On Tesla Due To Trump's Auto Tariffs: ‘The Cost Impact Is Not Trivial'</a></li>
</ul>



Photo courtesy: Tesla



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

RIVN

FBI Targets Tesla Protests, Rivian's Micromobility Spin-Off, And Waymo's Parking Fines: This Week In Mobility

The past week was filled with significant developments, from oil and gas executives expressing their frustration with President Donald Trump&#8217;s drilling policies to Vice President JD Vance raising security concerns over Greenland. Here&#8217;s a quick recap of the top stories.



Oil and Gas Executives Challenge Trump&#8217;s Drilling Agenda



Leaders in the oil and gas industry expressed their dissatisfaction with President Trump&#8217;s drilling policies, according to a quarterly survey released by the Federal Reserve Bank of Dallas. Trump&#8217;s campaign promise to bring down prices through increased domestic drilling has not sat well with energy executives who are seeking more stability.



<a href="https://www.benzinga.com/markets/commodities/25/03/44522105/oil-and-gas-executives-rebuke-trumps-drill-baby-drill-agenda-we-want-more-stability">Read the full article here.</a>



JD Vance Questions Denmark&#8217;s Ability to Protect Greenland



Vice President JD Vance has voiced concerns over Denmark&#8217;s ability to safeguard Greenland, suggesting that the U.S. could provide better security. During a visit to the U.S. military base at Pituffik in Greenland, Vance emphasized the strategic importance of the Arctic territory and criticized Denmark&#8217;s lack of resources to protect the region from potential threats.



<a href="https://www.benzinga.com/25/03/44549976/jd-vance-slams-denmark-for-not-keeping-greenland-safe-from-russian-chinese-incursions-we-can-make-them-much-more-secure">Read the full article here.</a>



See Also: <a href="https://www.benzinga.com/25/03/44508234/ontario-premier-doug-ford-supports-retaliatory-tariffs-amid-us-auto-levy-inflict-as-much-pain-as-possible">Ontario Premier Doug Ford Supports Retaliatory Tariffs Amid US Auto Levy: &#8216;Inflict As Much Pain As Possible&#8217;</a>



Trump and Canadian PM Mark Carney&#8217;s Productive Dialogue



President Donald Trump and Canadian Prime Minister Mark Carney engaged in a productive conversation last Friday. This marked the first interaction between the two leaders since Carney assumed leadership of Canada's ruling Liberals on March 9. Trump expressed optimism about future collaborations on Truth Social.



<a href="https://www.benzinga.com/25/03/44549872/trump-says-he-had-an-extremely-productive-call-with-canadian-pm-mark-carney-amid-heightened-us-canada-tensions">Read the full article here.</a>



Trump&#8217;s Approval Rating Hits New Low



President Trump&#8217;s approval rating has hit a new low since his January inauguration. Despite high approval ratings in the early weeks of his presidency, Trump&#8217;s popularity has since declined, with Americans expressing dissatisfaction with his handling of the economy.



<a href="https://www.benzinga.com/politics/25/03/44505859/trumps-approval-rating-hits-new-low-since-inauguration-americans-unhappy-with-presidents-handling-of-economy">Read the full article here.</a>



Trump Administration Officials Face Lawsuit Over Signal Leak



National security leaders from the Trump administration are facing a lawsuit alleging that they used the encrypted messaging app Signal to discuss military operations, potentially violating the Federal Records Act. The lawsuit was initiated by American Oversight, a watchdog organization.



<a href="https://www.benzinga.com/25/03/44485684/trump-administration-officials-face-lawsuit-over-signal-leak-war-planning-doesnt-belong-in-emoji-laden-disappearing-group-chats">Read the full article here.</a>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/general/space/25/03/44509379/boeing-lockheeds-vulcan-rocket-aimed-to-rival-spacexs-falcon-9-cleared-for-us-security-missions">Boeing-Lockheed&#8217;s Vulcan Rocket Aimed To Rival SpaceX&#8217;s Falcon 9 Cleared For US Security Missions</a></li>
</ul>



Photo courtesy: Shutterstock



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Oil Execs Challenge Trump's Drilling Agenda, JD Vance Criticizes Denmark, And More: This Week In Politics

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.



U.S. stock markets declined this week amid escalating trade tensions and inflation concerns. The S&amp;P 500 fell 2%, the Dow Jones Industrial Average dropped 1.7%, and the Nasdaq Composite decreased by 2.7%, marking one of the worst weeks in recent years.



President Donald Trump's announcement of a 25% tariff on imported automobiles and parts contributed to market volatility. Automotive stocks were notably impacted; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) tumbled over 7%, and Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) slid 3.9%. Conversely, electric vehicle manufacturers like Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) edged up 0.4%, as their U.S.-based production is less affected by the tariffs.



Beyond the auto sector, economic indicators added to investor unease. The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) price index, rose 0.4% in February, bringing the annual rate to 2.8%, above the Fed's 2% target. Additionally, consumer spending data fell short of expectations, exacerbating fears of economic slowdown amid President Trump's tariff policies.



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



<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44512999/chevron-hits-52-week-high-warren-buffetts-5th-largest-holding-is-on-fire-but-should-you-buy">"Chevron Hits 52-Week High: Warren Buffett's 5th Largest Holding Is On Fire — But Should You Buy?"</a>, by Surbhi Jain, reports that Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) hit a 52-week high as rising oil prices and Warren Buffett's ongoing support strengthened investor confidence.



<a href="https://www.benzinga.com/media/25/03/44515782/microsoft-halts-expansion-plans-yet-analysts-still-rank-it-among-top-investment-picks">"Microsoft Halts Expansion Plans, Yet Analysts Still Rank It Among Top Investment Picks"</a>, by Anusuya Lahiri, explains why analysts remain bullish on Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) despite the tech giant pausing major data center expansions amid concerns of AI overcapacity.



<a href="https://www.benzinga.com/analyst-ratings/upgrades/25/03/44477982/carvana-analyst-says-its-time-to-buy-the-potential-amazon-of-auto-retail">"Carvana Analyst Says It's Time To Buy The Potential ‘Amazon Of Auto Retail'"</a>, by Adam Eckert, reports that Morgan Stanley analyst Adam Jonas upgraded Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) from Equal-Weight to Overweight, raising the price target from $260 to $280, citing the company's potential to dominate auto retail akin to Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).



For additional bullish calls of the past week, check out the following:



<a href="https://www.benzinga.com/news/earnings/25/03/44504468/concentrix-shares-pop-on-strong-q1-results-raised-revenue-guidance">Concentrix Shares Pop On Strong Q1 Results, Raised Revenue Guidance</a>



<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44517249/stock-of-the-day-will-the-move-higher-in-sysco-continue">Stock Of The Day – Will The Move Higher In Sysco Continue?</a>



<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44460563/tesla-jumps-10-on-china-fsd-optimism-tariff-easing-hopes">Tesla Jumps 10% On China FSD Optimism, Tariff Easing Hopes</a>







The Bears



<a href="https://www.benzinga.com/general/biotech/25/03/44500068/novo-nordisk-stock-sinks-to-52-week-lows-weight-loss-boom-losing-steam">"Novo Nordisk Stock Sinks To 52-Week Lows: Weight Loss Boom Losing Steam?"</a>, by Surbhi Jain, reports that Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) shares have plunged 44% year-over-year, hitting a 52-week low amid investor concerns over competition from Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and the company's recent $2 billion acquisition of rights to a Chinese obesity drug.



<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44513787/nike-stock-hits-52-week-lows-is-the-sneaker-king-losing-its-step">"Nike Stock Hits 52-Week Lows: Is The Sneaker King Losing Its Step?"</a>, by Surbhi Jain, shows Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) tumbling to a 52-week low as slowing sales in China and rising competition challenge the global sneaker giant's dominance.



<a href="https://www.benzinga.com/25/03/44475805/homebuilders-kb-home-lennar-cut-prices-as-homebuyer-demand-has-slowed-materially">"Homebuilders KB Home, Lennar Cut Prices As Homebuyer Demand Has Slowed Materially"</a>, by Erica Kollmann, reports that KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) and Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) are reducing home prices and offering incentives as elevated mortgage rates have significantly dampened buyer demand.



For more bearish takes, be sure to see these posts:



<a href="https://www.benzinga.com/25/03/44517020/ev-maker-mullen-automotive-to-further-cut-costs-and-slash-workforce">EV Maker Mullen Automotive To Further Cut Costs And Slash Workforce: Details</a>



<a href="https://www.benzinga.com/25/03/44465410/snow-white-disappoints-at-box-office-will-remake-hurt-disneys-marvel-magic-in-2025">‘Snow White' Disappoints At Box Office: Will Remake Hurt Disney's Marvel Magic In 2025?</a>



<a href="https://www.benzinga.com/news/offerings/25/03/44511664/why-is-teslas-chinese-rival-nio-stock-diving-today">Why Is Tesla's Chinese Rival NIO Stock Diving Today? (UPDATED)</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.

AMZN

CVNA

MSFT

Benzinga Bulls And Bears: Chevron, Microsoft, Nike — And Tariffs Have Automotive Sector Reeling

The past week has been eventful for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with significant leadership changes, new product features, and challenges on multiple fronts. The tech giant has been making moves to strengthen its position in the market and address emerging issues. Here&#8217;s a recap of the top stories from the weekend.



Apple Promotes Vanessa Trigub in Major Retail Executive Move



Apple is reportedly reshuffling its leadership, promoting Vanessa Trigub to the newly created position of vice president of stores and retail operations. This move is seen as part of Apple&#8217;s long-term succession planning for senior vice president Deirdre O&#8217;Brien.



<a href="https://www.benzinga.com/media/25/03/44509405/after-siri-leadership-change-apple-makes-another-major-executive-move-in-retail-report">Read the full article here.</a>



Apple Watch Update: Alarms to Ring in Silent Mode



The upcoming watchOS 11.4 update will introduce a much-requested feature to the Apple Watch, allowing alarms to sound even when Silent Mode is on. This could be a game-changer for heavy sleepers.



<a href="https://www.benzinga.com/media/25/03/44468709/apple-watch-update-will-allow-alarms-to-ring-in-silent-mode-enough-to-wake-up-heavy-sleepers">Read the full article here.</a>



See Also: <a href="https://www.benzinga.com/25/03/44508234/ontario-premier-doug-ford-supports-retaliatory-tariffs-amid-us-auto-levy-inflict-as-much-pain-as-possible">Ontario Premier Doug Ford Supports Retaliatory Tariffs Amid US Auto Levy: &#8216;Inflict As Much Pain As Possible&#8217;</a>



iPhone 18 to Feature 2nm A20 Chip from Taiwan Semiconductor



Apple&#8217;s forthcoming iPhone 18 lineup is expected to be powered by Taiwan Semiconductor Mfg. Co. Ltd.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) 2nm A20 chip, according to supply chain analyst Ming-Chi Kuo. This could give the iPhone 18 series a significant performance boost.



<a href="https://www.benzinga.com/25/03/44453733/apples-iphone-18-to-get-massive-boost-with-2nm-a20-chiptsmcs-yields-surge-past-70-says-top-analyst">Read the full article here.</a>



Apple Faces Siri AI Crisis, Security Flaws, and China Sales Woes



The past week has been a rollercoaster for Apple, with the company facing challenges ranging from internal turmoil to security oversights. Amid these issues, CEO Tim Cook is reportedly making strategic changes to revive the struggling Siri assistant.



<a href="https://www.benzinga.com/25/03/44449789/apples-siri-ai-crisis-security-flaws-and-china-sales-woes-this-week-in-appleverse">Read the full article here.</a>



Tim Cook Bets on Mike Rockwell to Revive Siri



In a bid to revive the struggling Siri assistant, CEO Tim Cook has reportedly moved Mike Rockwell into a new leadership role overseeing Siri. This move comes amid mounting pressure from investors and competitors.



<a href="https://www.benzinga.com/media/25/03/44429160/apple-stock-down-over-12-this-year-now-tim-cook-is-reportedly-betting-on-vision-pros-mike-rockwell-to-fix-siri-after-losing-confidence-in-ai-boss-john-giannandrea">Read the full article here.</a>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/general/space/25/03/44509379/boeing-lockheeds-vulcan-rocket-aimed-to-rival-spacexs-falcon-9-cleared-for-us-security-missions">Boeing-Lockheed&#8217;s Vulcan Rocket Aimed To Rival SpaceX&#8217;s Falcon 9 Cleared For US Security Missions</a></li>
</ul>



Photo courtesy: Shutterstock



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple Shakes Up Leadership, Introduces New Features, And Faces A Siri Crisis: This Week In Appleverse

As the week wraps up, the tech world has been abuzz with exciting news and developments. From CoreWeave Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) much-anticipated IPO to Elon Musk&#8217;s massive acquisition, there&#8217;s a lot to catch up on. Here&#8217;s a quick look at the top stories that made headlines.



CoreWeave&#8217;s IPO and Revenue Concentration



AI cloud infrastructure company, CoreWeave Inc., backed by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), made its public market debut last Friday. CEO Michael Intrator defended the company&#8217;s client concentration, attributing it to &#8220;mind-bendingly large deals&#8221; with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and OpenAI. Intrator believes that the skepticism overlooks the company&#8217;s long-term growth potential.



<a href="https://www.benzinga.com/tech/25/03/44549825/nvidia-backed-coreweaves-ceo-defends-microsoft-openai-revenue-concentration-due-to-mind-bendingly-large-deals">Read the full article here.</a>



Elon Musk&#8217;s $33 Billion Acquisition



In a significant move, Elon Musk&#8217;s AI startup xAI acquired his social media company X, formerly Twitter, in an all-stock deal valued at $33 billion. The combined entity is now reportedly worth $80 billion.



<a href="https://www.benzinga.com/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">Read the full article here.</a>



See Also: <a href="https://www.benzinga.com/25/03/44508234/ontario-premier-doug-ford-supports-retaliatory-tariffs-amid-us-auto-levy-inflict-as-much-pain-as-possible">Ontario Premier Doug Ford Supports Retaliatory Tariffs Amid US Auto Levy: &#8216;Inflict As Much Pain As Possible&#8217;</a>



Microsoft&#8217;s Wake-Up Call



Microsoft CEO Satya Nadella has urged his teams to match the speed and impact of China&#8217;s DeepSeek, which launched a top-ranking AI product on the App Store with a team of just 200 engineers. Nadella&#8217;s call to action came during an internal employee town hall last month.



<a href="https://www.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">Read the full article here.</a>



Huawei&#8217;s AI Chip Advancements



Despite US sanctions, Nvidia CEO Jensen Huang has warned that Huawei Technologies Co. is becoming the &#8220;single most formidable technology company&#8221; in China. The Chinese tech giant has reportedly doubled its AI chip yields to 40%.



<a href="https://www.benzinga.com/media/25/03/44488569/chinas-huawei-reportedly-doubles-ai-chip-yields-to-40-now-nvidia-ceo-jensen-huang-warns-that-the-chinese-tech-giant-is-the-most-formidable-competitor-despite-us-sanctions">Read the full article here.</a>



Google&#8217;s Most Intelligent AI



Alphabet Inc.&#8217;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 unveiled Gemini 2.5 Pro, its most intelligent AI model ever. The new model is designed to pause and think before answering complex questions. Google CEO Sundar Pichai shared the development on X.



<a href="https://www.benzinga.com/tech/25/03/44487389/sundar-pichai-shows-off-googles-most-intelligent-ai-ever-with-a-dinosaur-video-game-that-even-you-could-make-with-a-simple-prompt">Read the full article here.</a>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/general/space/25/03/44509379/boeing-lockheeds-vulcan-rocket-aimed-to-rival-spacexs-falcon-9-cleared-for-us-security-missions">Boeing-Lockheed&#8217;s Vulcan Rocket Aimed To Rival SpaceX&#8217;s Falcon 9 Cleared For US Security Missions</a></li>
</ul>



Photo courtesy: Shutterstock



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

CRWV

GOOG

GOOGL

NVDA

CoreWeave IPO, Elon Musk'x xAI Acquires X, Microsoft's Wake-Up Call, China's Huawei Makes Advances, And More: This Week In AI

The past week in the financial world was nothing short of eventful. From Ripple&#8217;s legal victory to GameStop&#8217;s new Bitcoin strategy, there was no shortage of intriguing developments. Let&#8217;s dive into the top stories of the week.



XRP&#8217;s Legal Win: A Boost Amid Stablecoin Surge



Despite Ripple Labs&#8217; recent legal victory over the SEC, where it agreed to a reduced penalty of $50 million, experts are divided on whether XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) can benefit from the current stablecoin rally. Ripple&#8217;s Chief Legal Officer, Stuart Alderoty, announced that the SEC would return $75 million, pending final court and commissioner approval. However, the question remains whether this win will position XRP favorably in the stablecoin market.



<a href="https://www.benzinga.com/25/03/44515982/xrp-may-not-benefit-from-stablecoin-surge-analysts-say-despite-ripples-regulatory-win">Read the full article here.</a>



Peter Schiff Questions Bitcoin Demand



Gold advocate Peter Schiff has once again criticized Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), questioning the source of its current demand. Schiff pointed out two major factors driving Bitcoin&#8217;s demand: Michael Saylor&#8217;s relentless Bitcoin purchases for Strategy and speculators betting on strategic reserves.



<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44477525/peter-schiff-says-bitcoin-demand-fueled-by-michael-saylor-speculators-betting-on-strategic-reserve">Read the full article here.</a>



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>



Robinhood&#8217;s &#8216;Schwab for Everyone&#8217; Vision



Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) is making strategic moves to capture a portion of the $114 trillion wealth transfer heading toward younger, tech-savvy investors. Bernstein analysts have praised Robinhood&#8217;s latest offerings, calling it &#8220;Schwab elite banking for everyone,&#8221; highlighting the platform&#8217;s shift towards higher-end financial services.



<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44521466/robinhood-reinvents-private-banking-with-schwab-for-everyone-vision-says-bernstein">Read the full article here.</a>



Crypto.com&#8217;s SEC Clearance Boosts Native Token



Crypto.com&#8217;s native token, Cronos (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">CRO</a>), saw a significant surge after the company announced that the SEC would not take any enforcement action against it. The company&#8217;s CEO, Kris Marszalek, confirmed the closure of the SEC&#8217;s investigation, leading to a 12% increase in the token&#8217;s value.



<a href="https://www.benzinga.com/25/03/44528803/trump-media-partner-cryptocom-announces-end-of-sec-enforcement-action-native-token-soars-12">Read the full article here.</a>



GameStop&#8217;s Bitcoin Strategy Gets Cramer&#8217;s Approval



GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) received praise from influential market commentator Jim Cramer for its newly announced Bitcoin treasury strategy. Cramer expressed his approval on social media, stating that GameStop is finally implementing the Bitcoin strategy he had previously advocated for.



<a href="https://www.benzinga.com/25/03/44487309/jim-cramer-applauds-gamestop-for-acting-on-his-bitcoin-ploy-as-apex-crypto-barely-moves-after-his-remark">Read the full article here.</a>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/tech/25/03/44429586/tesla-stuns-with-surprise-late-evening-all-hands-meeting-elon-musk-says-hang-on-to-your-stock-touting-7-million-evs-optimus-robot-and-ai-supercomputer-dojo" target="_blank" rel="noreferrer noopener">Elon Musk Says ‘Hang On To Your Stock&#8217; In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a></li>
</ul>



Photo courtesy: Shutterstock



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Media

$CRO

$XRP

HOOD

Ripple's Legal Win, Bitcoin Demand, Robinhood's Banking Vision, And Gamestop's Bitcoin Strategy: This Week In Crypto

The past week has been a rollercoaster ride for the financial world. From President Donald Trump&#8217;s controversial auto tariffs to the Federal Reserve&#8217;s stance on inflation, the market has been buzzing with activity. Let&#8217;s dive into the top stories that shaped the week.



Trump&#8217;s Auto Tariffs Stir Concern



President Trump&#8217;s announcement of a 25% tariff on auto imports has caused a stir among economists and market analysts. The tariffs, set to take effect on April 3, aim to boost domestic auto manufacturing but could trigger significant market disruption. Prominent economists like Peter Schiff have warned that the tariffs will increase car prices and potentially put upward pressure on interest rates.



<a href="https://www.benzinga.com/markets/equities/25/03/44506717/trumps-25-auto-tariff-raises-will-cast-shadow-on-interest-rates-says-economist-tesla-investor-gary-black-says-president-found-further-ways-to-push-the-economy-into-recession-today">Read the full article here.</a>



Federal Reserve&#8217;s Inflation Stance Questioned



Economist Craig Shapiro has accused the Federal Reserve of "gaslighting the public," after the President of the Federal Reserve Bank of Richmond, Tom Barkin, said that inflation is not "de-anchored". Barkin acknowledged that the U.S. economy has been through a significant inflationary period.



<a href="https://www.benzinga.com/25/03/44533707/federal-reserve-is-gaslighting-the-public-warns-expert-as-richmond-fed-president-says-inflation-expectations-have-loosened-not-de-anchored">Read the full article here.</a>



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>



Gold Hits Record High



Gold has reached another record high, and renowned economist Peter Schiff attributes this to declining trust in the U.S. dollar and the certainty of inflation exceeding 2%. Schiff, a well-known critic of U.S. monetary policy and an advocate for gold, expressed his views on the recent surge in gold prices.



<a href="https://www.benzinga.com/25/03/44512448/as-gold-hits-record-high-peter-schiff-points-to-dollar-distrust-and-inflation-gold-is-not-rising-due-to-uncertainty">Read the full article here.</a>



US GDP Growth Upwardly Revised



Economic data released Thursday morning showed a marginal upward revision to U.S. gross domestic product growth for the fourth quarter of 2024, alongside a narrower but still historically high goods trade deficit for February. The U.S. economy expanded at an annualized rate of 2.4% in the fourth quarter of 2024, up from the previously estimated 2.3.



<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44513963/us-gdp-growth-upwardly-revised-in-q4-trade-deficit-slightly-narrows-as-auto-exports-soar-in-february">Read the full article here.</a>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/tech/25/03/44429586/tesla-stuns-with-surprise-late-evening-all-hands-meeting-elon-musk-says-hang-on-to-your-stock-touting-7-million-evs-optimus-robot-and-ai-supercomputer-dojo" target="_blank" rel="noreferrer noopener">Elon Musk Says ‘Hang On To Your Stock&#8217; In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a></li>
</ul>



Photo courtesy: Shutterstock



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Trump's Tariffs, Fed's Inflation Stance, Gold's Record High, And GDP Growth: This Week In Economy

Risk sentiment deteriorated sharply in the second half of the week after President Donald Trump announced sweeping tariffs on imported automobiles, compounding concerns <a href="https://www.benzinga.com/markets/equities/25/03/44506717/trumps-25-auto-tariff-raises-will-cast-shadow-on-interest-rates-says-economist-tesla-investor-gary-black-says-president-found-further-ways-to-push-the-economy-into-recession-today">about rising inflationary pressures.</a>



On Wednesday evening, the White House revealed plans to impose a <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">25% tariff on auto imports,</a> in addition to a set of reciprocal tariffs expected to be unveiled next week. The administration cited national security risks as the justification for the measures, which may also extend to auto parts by May.



The policy shift sent shockwaves across the automotive industry. Michigan-based giants General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) posted steep losses in the wake of the announcement. In contrast, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) — both of which manufacture all their vehicles domestically — proved more resilient.



According to Goldman Sachs estimates, the tariffs could push vehicle prices up by $5,000 to $15,000, adding significant cost <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">pressure on American consumers.</a>



The market impact didn't stop at autos. Broader sectors were also dragged lower amid fears Trump could escalate trade tensions next week with key commercial partners, especially as the U.S. trade deficit <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44513963/us-gdp-growth-upwardly-revised-in-q4-trade-deficit-slightly-narrows-as-auto-exports-soar-in-february">remains near record highs.</a>



Tariff tensions are now bleeding into inflation data. The Fed's preferred inflation gauge — the core Personal Consumption Expenditures price index — rose 2.8% year-over-year in February, surpassing expectations of 2.7%. The unexpected acceleration further complicates the Federal Reserve's case for near-term rate cuts.



But the worst surprise came Friday. The University of Michigan's consumer survey revised inflation expectations even higher. Americans now expect inflation to average 4.1% over the next five years, up 0.2 percentage points from earlier estimates and the highest <a href="https://www.benzinga.com/25/03/44537936/consumer-inflation-expectations-skyrocket-in-march-hit-highest-levels-in-32-years">level since February 1993.</a>



Overall consumer sentiment plunged to its lowest level since November 2022, as households grow increasingly uneasy about the labor market outlook.



Amid the prevailing uncertainty, gold reaffirmed its status as a safe-haven asset, climbing to new record highs by week's end.



Meanwhile, the <a href="https://www.benzinga.com/government/regulations/25/03/44524354/us-debt-to-explode-past-world-war-ii-highs-threatens-growth-for-decades-cbo-says">Congressional Budget Office delivered</a> another wake-up call: there&#8217;s no end in sight to America's growing debt burden. The national debt is projected to surpass its World War II peak by 2029, and soar to 156% of GDP by 2055 — with no signs of slowing thereafter.



Read now: 



<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44542821/inflation-will-accelerate-in-coming-months-if-april-2-tariffs-take-effect-economist-warns">&#8216;Inflation Will Accelerate In Coming Months&#8217; If April 2 Tariffs Take Effect, Economist Warns</a></li>
</ul>



Photo: janews via Shutterstock

Trump's 25% Auto Tariffs Rattle Wall Street, Fed's Favorite Inflation Gauge Surges, Consumer Price Worries Rocket: This Week In Markets

Concerns about the future of Social Security have been growing among Americans, especially those nearing retirement. On a recent <a href="https://omny.fm/shows/suze-ormans-women-and-money/suze-school-how-much-do-you-know-about-social-secu">episode</a> of her "Women &amp; Money" podcast, Suze Orman addressed these fears head-on, offering her perspective on potential changes to the system — including the likelihood that the full retirement age could increase to 70.



<h2 class="wp-block-heading">Full Retirement Age Could Rise to 70</h2>



Orman didn't hold back when discussing the possibility of <a href="https://www.benzinga.com/news/25/03/44498325/gonna-be-some-upset-seniors-at-town-halls-says-mark-cuban-he-calls-doge-social-security-actions-a-back-door-move-to-cut-payments">changes to Social Security</a>. &#8220;I have no doubt that they&#8217;re going to raise the full retirement age, possibly to 70 from 67,&#8221; she said. This wouldn't be unprecedented — in 1983, the FRA was raised from 65 to 67 for those born in 1960 or later. Orman stated that any increase in the FRA would likely apply to future retirees rather than those already receiving benefits.



Don't Miss:



<ul>
<li>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></li>



<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>



Orman also suggested that the age for collecting delayed retirement benefits, which currently max out at 70, could be extended to 73. This would give future retirees a longer window to maximize their monthly Social Security checks by delaying their claims.



<h2 class="wp-block-heading">Tax Changes Could Be Part of the Solution</h2>



In addition to adjusting the FRA, Orman said that changes to <a href="https://www.benzinga.com/personal-finance/25/02/43831371/eliminating-social-security-income-taxes-would-cost-1-5-trillion-and-deplete-the-trust-fund-by-2032-who-wins-and-who-loses">Social Security taxes</a> could help stabilize the system. Currently, only income up to $176,100 is subject to Social Security payroll taxes. Orman suggested removing this cap altogether, so high earners would continue contributing to Social Security on all of their income.



&#8220;They should just make that unlimited, that you all pay Social Security tax no matter how much money you make,&#8221; Orman said. Increasing the taxable income threshold or eliminating it could help address Social Security's long-term funding challenges.



Trending: <a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a>



<h2 class="wp-block-heading">Advice for Future and Current Retirees</h2>



While Orman advised listeners not to panic, she did recommend taking a few steps to stay prepared:



<ul>
<li>Request and Keep Your Social Security Statements – Orman advised keeping printed records of your Social Security statements. Having a physical copy can help ensure you have access to your earnings and benefits history, even if online records are lost or unavailable.</li>



<li>Get Familiar with the System – Orman stressed the importance of understanding how Social Security works. Knowing the ins and outs of claiming benefits, spousal benefits, and survivor benefits can help retirees make informed decisions.</li>



<li>Prepare for Reduced Access to In-Person Help – Orman acknowledged that the Social Security Administration has been cutting staff and <a href="https://www.benzinga.com/personal-finance/25/03/44476775/mark-cuban-we-all-want-to-eliminate-corruption-but-what-corruption-do-social-security-office-closures-actually-solve">closing offices</a>, which could make it harder to get assistance. She recommended having a trusted family member or friend available to help navigate the system online if needed.</li>
</ul>



See Also: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>



<h2 class="wp-block-heading">Outlook on Social Security's Future</h2>



While Orman's comments reflect widespread concerns about <a href="https://www.benzinga.com/personal-finance/25/03/44427073/larry-fink-says-the-u-s-needs-a-social-security-plan-where-every-american-can-grow-with-our-economy">Social Security's sustainability</a>, she reassured listeners that existing benefits are not currently at risk. However, future adjustments — such as raising the FRA or increasing the taxable income threshold — seem likely as lawmakers look for ways to strengthen the program.



&#8220;Stop worrying about it right now,&#8221; Orman said, while adding that retirees should gain all the knowledge they can on Social Security in order to protect themselves.&nbsp;



Read Next:



<ul>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>



<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Personal Finance

'I Have No Doubt They're Going To Raise The Full Retirement Age, Possibly To 70' Suze Orman Weighs In On Social Security Fears

Warren Buffett doesn't flaunt it. He's not the type to show off his billions with a private island or 24-karat shoelaces. He still lives in the Omaha <a href="https://www.benzinga.com/personal-finance/25/02/43612207/warren-buffett-has-lived-in-his-31500-home-for-67-years-and-calls-it-one-of-his-best-investments-but-warned-a-house-can-be-a-nightmare">house he bought for $31,500 in 1958</a>. Orders the same McDonald's breakfast. Plays bridge online. And yet—every once in a while—the Oracle of Omaha drops a flex so enormous it makes you question the entire economy.



"If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life."



That's the version most people know, reported by <a href="https://harpers.org/archive/2010/01/the-church-of-warren-buffett/">Harper's Magazine in 2010</a>. Classic Buffett: deadpan, a little absurd, and sneakily insightful. But in <a href="https://www.theatlantic.com/politics/archive/2009/05/is-warren-buffett-a-terrible-person/17800/">The Atlantic</a> a year earlier, they printed an expanded version of the same quote — one with more teeth.



Don't Miss:



<ul>
<li>‘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></li>



<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
</ul>



Buffett explained he doesn't feel guilty about having money. What he feels is awareness. His wealth is, as he put it, "an enormous number of claim checks on society"—pieces of paper he could trade in for anything. Including 10,000 personal portrait artists. That spending would technically boost GNP. It would create jobs. It would register as growth. But the value? Zero.



Worse, it would pull those 10,000 people away from doing something useful—like teaching, nursing, or, say, researching a cure for cancer.



Back then, it sounded like a clever thought experiment. Now? It hits a little differently.



Today, entire industries revolve around work that's arguably just as decorative. Consultants hired to advise other consultants. Influencers selling productivity hacks they copied from other influencers. AI bots creating content for other AI bots to "engage" with. There's more movement than ever—but are we actually getting anywhere?



Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a>



Buffett's portrait-painting analogy is a gut check: not everything that counts as <a href="https://www.benzinga.com/personal-finance/25/02/43975331/warren-buffett-paid-5-billion-in-taxes-and-says-if-800-other-companies-paid-their-share-no-one-else-would-have-to-pay-a-dime">economic activity creates real value</a>.



Sure, those 10,000 painters would earn a paycheck. The GNP would get a bump. But in the end, we'd just be left with a warehouse full of Buffett portraits and a very weird museum exhibit. Nothing society needs—just money moving in a circle.



And this isn't about judging jobs. It's about questioning incentives. Buffett was pointing out how easy it is to mistake busywork for progress when the system is built to reward volume over substance.



"Inactivity strikes us as intelligent behavior," he once wrote, in the <a href="https://www.berkshirehathaway.com/letters/1996.html">1997 Berkshire Hathaway annual shareholder letter</a>.&nbsp;



See Also: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>



Buffett made billions sitting in a quiet room reading annual reports, while the rest of the world sprinted in circles. Inactivity, in his case, wasn't laziness—it was discipline. Focus. A refusal to chase the noise. And it worked.



He could've had anything. Instead, he chose to think.



That's the paradox that still echoes today: The man with enough wealth to do everything chose to do less—because he understood what real value looks like. <a href="https://www.benzinga.com/startups/24/11/41866296/with-warren-buffett-donating-99-of-his-fortune-whats-left-for-his-three-children-well-its-complicated">Not just in dollars, but in impact</a>.



Read Next:



<ul>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>



<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

Warren Buffett Once Said He Could Hire 10,000 People to Paint His Face—And It Might Be the Most Brutal Economic Truth You'll Hear All Day

Anthony Scaramucci, the former White House communications director, predicts a political tumble for Vice President JD Vance, suggesting that President Donald Trump is increasingly discontented with him.



What Happened: Scaramucci, who had a brief stint as Trump&#8217;s communications director, made these predictions in an interview with CNN. He indicated that Vance&#8217;s close emulation of the president could be a &#8220;mistake,&#8221; and that Trump might not appreciate the &#8220;obsequiousness&#8221; of Vance&#8217;s behavior.



"He's not the president, and whether you like the president or dislike the president, he has the following. He has the rizz for his team, MAGA. JD Vance hasn't proven that. I think it's probably annoying to the president that he's over-modeling him. You know, people mistake this about Trump. I don't think he likes the obsequiousness stuff," Scaramucci said. 



These remarks from Scaramucci followed Vance&#8217;s visit to Greenland, a territory that has piqued Trump&#8217;s interest for acquisition from Denmark. During this visit, Vance criticized Denmark&#8217;s management of Greenland&#8217;s security, a comment made at a time when the U.S. alone has proposed taking over the territory, even contemplating military action.



Also Read: <a href="https://www.benzinga.com/news/25/03/44211446/anthony-scaramucci-slams-donald-trump-hes-going-to-put-us-into-a-recession-frankly" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Slams Donald Trump: ‘He&#8217;s Going To Put Us Into A Recession, Frankly&#8217;</a>



&#8220;I think at the at the end of the day, I predict that JD Vance will go the way of Mike Pence here. The president will make him more irrelevant. He'll do things to Vance that will compromise his position. He doesn't like the attention that Vance is giving. And you should ask your sources why he went on that trip," he added. 



Scaramucci continued to forecast that Trump will make Vance &#8220;irrelevant,&#8221; similar to former Vice President Mike Pence. He also labeled Vance&#8217;s Greenland visit as &#8220;embarrassing,&#8221; in the wake of the administration&#8217;s inability to secure a warm reception from the Greenlanders for the U.S. delegation.



Why It Matters: The growing tension between Trump and Vance could have significant implications for the administration and its policies. Vance&#8217;s criticism of Denmark&#8217;s handling of Greenland&#8217;s security, at a time when the U.S. is the only country proposing to take over the territory, has already stirred controversy. 



If Scaramucci&#8217;s predictions hold true, this could mark a significant shift in the dynamics of the Trump administration, potentially impacting future policy decisions and the U.S.&#8217;s international relations.



Read Next



<a href="https://www.benzinga.com/news/25/03/44348205/scaramucci-sees-trouble-ahead-for-musk-trump-relationship-everyone-flames-out-with-trump" target="_blank" rel="noreferrer noopener">Scaramucci Sees Trouble Ahead for Musk-Trump Relationship: ‘Everyone Flames Out With Trump'</a>

Scaramucci Says Trump Is Souring on VP Vance: 'The President Will Make Him More Irrelevant'

The Symbol NUSI was not found. Here are some similar symbols and popular symbols to consider.

Symbol Similar to: NUSI

Top Gaining Stocks

뉴스

파트너 / 기고자

벤징가 글로벌