Singularity Future Tech 주식 (NASDAQ: SGLY)

에 대한 최신 뉴스 Singularity Future Tech (NASDAQ:SGLY) 주식

Singularity Future Tech

Singularity Future Technology Ltd is an investment holding company. The company's operating segment includes Freight Logistics Services and Sale of Crypto-mining Machines. It generates maximum revenue from the Freight Logistics Services segment. Geographically, it derives a majority of its revenue from China.

Singularity Future Technology Ltd. - Common Stock

Singularity Future Technology Ltd

A senior White House official&nbsp;has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: Bo Hines, the executive director of the President&#8217;s Council of Advisers on Digital Assets, suggested in an interview that the U.S. could capitalize on the gains from its gold holdings to purchase more Bitcoin.
This move, according to Hines, could&nbsp;be a budget-neutral way to&nbsp;increase the country&#8217;s Bitcoin reserves.
Hines referenced the Bitcoin Act of 2025, proposed by Sen. Cynthia Lummis (R-Wyo.), which advocates for the US to acquire 1 million Bitcoin, approximately 5% of the total Bitcoin supply, over a span of five years. This acquisition would be funded through the sale of Federal Reserve gold certificates.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Executive Director of the <a href="https://twitter.com/WhiteHouse?ref_src=twsrc%5Etfw">@WhiteHouse</a> crypto working group <a href="https://twitter.com/BoHines?ref_src=twsrc%5Etfw">@BoHines</a> talks <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>, ways to buy more of it and the thinking behind including <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a>, <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> and <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> in the separate stockpile. <a href="https://t.co/dBe1trxAAH">https://t.co/dBe1trxAAH</a> <a href="https://t.co/mz5Y5p4HgB">pic.twitter.com/mz5Y5p4HgB</a>
&mdash; Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1903086384824389902?ref_src=twsrc%5Etfw">March 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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"If we actually realize the gains on the U.S. gold holdings, that would be a budget-neutral way to acquire more bitcoin," Hines said adding that there's been "countless ideas" and the &#8220;best ideas" will be enacted by President Donald Trump.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44065886/trumps-tariffs-blamed-for-1-trillion-crypto-market-crash-is-crypto-president-era-over-already">Trump&#8217;s Tariffs Blamed for $1 Trillion Crypto Market Crash — Is &#8216;Crypto President&#8217; Era Over Already?</a>
President Trump, in a pre-recorded message, expressed his commitment to making the US the leading Bitcoin superpower and the global hub for cryptocurrency. 
"It's high time that our president started accumulating assets for the American people, which is what president Trump is doing rather than taking it away," Hines added. 
Despite recent market stagnation due to macroeconomic factors, Trump&#8217;s pledge has instilled confidence in the market.
Why It Matters: The potential use of US gold reserves to purchase Bitcoin signifies a major shift in the country&#8217;s approach to digital assets. 
The Bitcoin Act of 2025, if passed, could significantly increase the US&#8217;s stake in the global Bitcoin market. This move, coupled with President Trump&#8217;s commitment to crypto, could position the US as a leading player in the global crypto market, potentially influencing Bitcoin&#8217;s price and market dynamics.
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Image: Shutterstock

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

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$BTC

White House Says Gold Reserves May Be Used to Purchase Bitcoin

The past week has been a rollercoaster ride for the tech and auto industry, with&nbsp;Elon Musk&nbsp;making headlines and&nbsp;Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;facing challenges. From surprise all-hands meetings to delivery estimates taking a hit, there&#8217;s a lot to unpack.
Let&#8217;s dive in.
Musk Urges Tesla Employees to Hold Onto Their Stock
In a surprise late-night all-hands meeting, Tesla CEO Musk encouraged employees to keep their stock. The meeting, originally scheduled for 9:30 p.m. ET, didn&#8217;t kick off until 9:58 p.m. ET.
<a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo">Read the full article here.</a>
Tesla&#8217;s March Deliveries Expected to Dip
Despite Tesla&#8217;s shares plunging nearly 40% in 2025, the company recorded its highest weekly registrations in China this year. However, analysts predict that Tesla&#8217;s March deliveries will fall short of expectations.
<a href="https://www.benzinga.com/25/03/44374442/tesla-investors-advised-to-fasten-their-seatbelts-as-this-analyst-expects-march-deliveries-to-take-a-hit-its-still-best-positioned-company-in-physical-ai">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/global/25/03/44430545/80-tesla-vehicles-damaged-at-dealership-in-hamilton-a-series-of-mischief-says-police" target="_blank" rel="noreferrer noopener">80 Tesla Vehicles Damaged At Dealership In Hamilton: ‘A Series Of Mischief,' Says Police</a>
Waymo Takes The Lead In Robotaxi Race
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>) Waymo has taken a significant lead in the autonomous vehicle market, with over 2 million paid robotaxi rides across multiple U.S. cities. Meanwhile, Amazon&#8217;s Zoox is giving Tesla a run for its money.
<a href="https://www.benzinga.com/markets/equities/25/03/44349240/googles-waymo-leads-robotaxi-race-with-2-millon-paid-rides-zoox-challenges-tesla-for-second-spot-as-unsupervised-autonomy-becomes-table-stakes-says-gary-black">Read the full article here.</a>
Nvidia Partners with General Motors
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang announced a partnership with General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) for its self-driving segment, stating that &#8220;the time for autonomous vehicles has arrived.&#8221;
<a href="https://www.benzinga.com/tech/25/03/44383445/nvidia-ceo-jensen-huang-announces-gm-partnership-the-time-for-autonomous-vehicles-has-arrived">Read the full article here.</a>
Tesla Owners May Face Higher Insurance Premiums
Tesla owners might have to shell out more for insurance due to a surge in vandalism against the company&#8217;s vehicles. Incidents of spray-painting, arson, and even shootings have been reported, fueled by resentment towards Elon Musk&#8217;s association with the Trump administration.
<a href="https://www.benzinga.com/markets/equities/25/03/44432174/tesla-owners-might-have-to-pay-more-for-insurance-amid-a-surge-in-attacks-on-elon-musk-led-ev-giants-vehicles-expert">Read the full article here.</a>
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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>

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Elon Musk's Late-Night Pep Talk, Tesla's Delivery Woes, And More: This Week In Mobility

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. PepsiCo, Restaurant Brands, and Fifth Third Bancorp have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of over 3%.
PepsiCo
PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide.
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The company has increased its dividends consecutively for the past 53 years. According to its most recent dividend hike announcement on Feb. 5, PepsiCo raised the quarterly payout by 7% to $1.355, which is equal to $5.42 annually. Currently, the dividend yield on the stock stands at 3.66%.
PepsiCo's annual revenue as of Dec. 31 stood at $91.85 billion. In its Q4 2024 earnings report on Feb. 4, the company posted EPS of $1.96, beating the consensus estimate of $1.94, while revenues of $27.78 billion came in below the consensus of $27.89 billion.
How is the market feeling about PepsiCo? Check out this <a href="https://www.benzinga.com/insights/short-sellers/25/03/44260293/how-is-the-market-feeling-about-pepsico">article by Benzinga</a> to learn more.
Trending: This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a>
Restaurant Brands International
Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) operates as a quick-service restaurant company in Canada, the U.S., and internationally.
Restaurant Brands has raised its dividends every year for the last 10 years. In its most recent dividend announcement on Feb. 12, the board increased the quarterly payout from $0.58 to $0.62 per share, equaling an annual figure of $2.48 per share. The current yield on the dividend is 3.65%.
The company's annual revenue as of Dec. 31 stood at $8.41 billion. In its most recent quarterly earnings release on Feb. 12, the company posted Q4 2024 EPS of $0.81 and revenues of $2.30 billion. Both figures beat the Street estimates.
See Also: 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>
Fifth Third Bancorp
Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the U.S.
Fifth Third Bancorp has increased its dividends every year for the last nine years. In its most recent dividend hike announcement on Sept. 12, the company raised the quarterly payout from $0.35 to $0.37 per share, equal to an annual figure of $1.48 per share. Currently, the dividend yield on the stock is 3.75%.
The company&#8217;s annual revenue as of Dec. 31 stood at $8.25 billion. In its Q4 2024 earnings release on Jan. 21, Fifth Third Bancorp posted revenues of $2.17 billion, below the consensus estimate of $2.21 billion, while EPS of $0.90 beat the consensus of $0.88.
Check out this <a href="https://www.benzinga.com/insights/analyst-ratings/25/03/44151455/deep-dive-into-fifth-third-bancorp-stock-analyst-perspectives-8-ratings">article by Benzinga</a> for eight analysts&#8217; insights on Fifth Third Bancorp.
PepsiCo, Restaurant Brands, and Fifth Third Bancorp are good choices for investors seeking reliable passive income. Their dividend yields of over 3% and long history of consistent hikes make them attractive to income-focused investors.
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Why PepsiCo, Restaurant Brands, And Fifth Third Bancorp Are Winners For Passive Income

The past week has been a rollercoaster ride in the world of artificial intelligence (AI). From Google&#8217;s ambitious 100-day AI sprint to OpenAI&#8217;s legal troubles, Nvidia&#8217;s AI advancements, and concerns over an AI bubble, the industry has seen it all. Let&#8217;s dive into the details.
Google&#8217;s 100-Day AI Sprint
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 took on a 100-day challenge to develop a rival to ChatGPT. The project, named Bard, was led by Sissie Hsiao, a Google veteran with over 16 years of experience. The team&#8217;s objective was to counter the rising popularity of OpenAI's ChatGPT.
<a href="https://www.benzinga.com/25/03/44447804/a-peek-inside-googles-100-day-ai-sprint-how-gemini-went-from-generating-controversial-images-to-emerging-as-a-chatgpt-rival">Read the full article here.</a>
Legal Action Against OpenAI
A Norwegian man, Arve Hjalmar Holmen, has filed a lawsuit against OpenAI led by Sam Altman, alleging that ChatGPT falsely accused him of murdering his children. The false claim was discovered when Holmen asked ChatGPT about himself.
<a href="https://www.benzinga.com/25/03/44447760/sam-altman-led-openai-faces-legal-action-after-chatgpt-hallucination-claims-man-murdered-his-childrendigital-rights-group-says-it-violates-eu-law">Read the full article here.</a>
Nvidia&#8217;s Humanoid AI Brain
Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) unveiled Groot N1, a new foundation model for humanoid robots, at GTC 2025. The company&#8217;s CEO, Jensen Huang, believes this development in embodied AI could potentially fill a growing labor gap and become the largest industry.
<a href="https://www.benzinga.com/tech/25/03/44390580/nvidia-just-unveiled-a-humanoid-ai-brain-which-allows-robots-to-think-slow-jensen-huang-says-this-could-very-well-likely-be-the-largest-industry-of-all">Read the full article here.</a>
Nvidia and General Motors Partnership
Nvidia&#8217;s CEO, Jensen Huang, announced a partnership with General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) for its self-driving segment at the GPU Technology Conference (GTC). Huang declared that the era of autonomous vehicles has arrived.
<a href="https://www.benzinga.com/tech/25/03/44383445/nvidia-ceo-jensen-huang-announces-gm-partnership-the-time-for-autonomous-vehicles-has-arrived">Read the full article here.</a>
Concerns Over AI Bubble
The &#8216;Magnificent 7&#8217; companies, including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), are expected to spend over $330 billion on AI infrastructure in 2025. However, China's AI breakthrough, despite the chip shortage, could affect these targets, potentially impacting profitability.
<a href="https://www.benzinga.com/markets/equities/25/03/44371661/ai-bubble-bursting-magnificent-7s-profit-margins-face-pressure-as-capital-spending-can-tumble-in-2025">Read the full article here.</a>
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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>

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Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Essential Utilities, Portland General Electric, and Independent Bank have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 4%.
Essential Utilities
Essential Utilities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTRG#NYSE">WTRG</a>) operates regulated utilities that provide water, wastewater, and natural gas services in the U.S.
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Essential Utilities has increased its dividends every year for the last 33 years. In its most recent dividend hike announcement on July 31, the company raised the quarterly payout by 6% to $0.3255 per share, equaling an annual figure of $1.302 per share. The dividend yield on the stock is 3.28%.
The company's annual revenue as of Dec. 31 stood at $2.09 billion. According to its Q4 2024 earnings release on Feb. 26, the company posted revenues of $604.38 million and EPS of $0.67. Both figures came in above the Street estimates.
Check out this <a href="https://www.benzinga.com/insights/analyst-ratings/25/02/44021816/a-glimpse-into-the-expert-outlook-on-essential-utilities-through-4-analysts">article by Benzinga</a> for four analysts&#8217; insights on Essential Utilities.
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Portland General Electric&nbsp;
Portland General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>), an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon.
Portland General Electric has raised its dividends consecutively for the last 19 years. In its most recent dividend hike announcement last April 19, the company increased the quarterly payout by 5.3% to $0.50 per share, equal to $2 per share annually. The company confirmed on Feb. 12 that the payout would remain the same. The current dividend yield on the stock stands at 4.49%.
The company's annual revenue as of Dec. 31 stood at $3.44 billion. As per its most recent earnings release on Feb. 14, it posted Q4 2024 revenues of $837 million and EPS of $0.36, both above the Street estimates.
See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
Independent Bank
Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the U.S.
Independent Bank has raised its dividends every year for the last 14 years. In its most recent dividend hike announcement on March 21, 2024, its board increased the quarterly payout from $0.55 to $0.57 per share or $2.28 annualized. More recently, in its dividend announcement on Dec. 12, the company maintained the payout at the same level. The dividend yield is 3.58%.
Independent Bank&#8217;s annual revenue as of Dec. 31 is $683.11 million. In its most recent earnings release on Jan. 16, the company posted Q4 2024 revenues of $176.85 million and EPS of $1.21. Both figures beat the consensus estimates.
Check out this <a href="https://www.benzinga.com/insights/analyst-ratings/25/01/43107825/demystifying-independent-bank-insights-from-4-analyst-reviews">article by Benzinga</a> for four analysts&#8217; insights on Independent Bank.
Essential Utilities, Portland General Electric, and Independent Bank are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 4% and long history of consistent hikes make them attractive to income-focused investors.
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How Essential Utilities, Portland General Electric, And Independent Bank Can Put Cash In Your Pocket

The past week in the world of cryptocurrency was nothing short of eventful. From&nbsp;Donald Trump&nbsp;advocating for stablecoin legislation to&nbsp;Peter Schiff&nbsp;slamming the strategic Bitcoin reserve, the crypto market was abuzz with activity.
Here&#8217;s a quick recap of the top stories that made headlines.
Trump Calls For Stablecoin Legislation
In his address at the Blockworks Digital Asset Summit, U.S. President Donald Trump urged Congress to pass legislation for stablecoins. Trump emphasized the potential of stablecoins to enhance the U.S. financial system and maintain the dollar&#8217;s global dominance. This marked his first address at a crypto conference as a sitting president.
<a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44420122/donald-trump-calls-for-stablecoin-legislation-lauds-bitcoin-reserve-biden-got-a-fraction-of-their-value">Read the full article here.</a>
Schiff Slams Strategic Bitcoin Reserve
Bitcoin critic Peter Schiff warned that the strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve is a tool to trick Americans into speculative losses. Schiff predicted that more Americans will lose money in crypto under Trump&#8217;s influence than in any other speculative mania in history.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44423999/peter-schiff-says-strategic-bitcoin-reserve-is-a-scam-to-lure-americans-into-buying-more-crypto">Read the full article here.</a>
Also Read:&nbsp;<a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44201364/peter-schiff-blasts-government-crypto-investments-as-waste-of-resources" target="_blank" rel="noreferrer noopener">Peter Schiff Blasts Government Crypto Investments As ‘Waste of Resources'</a>
Bitcoin Prices And The Potential Ukraine Ceasefire
As U.S. President Donald Trump and Russian President Vladimir Putin prepare for a much-anticipated phone call, Bitcoin&#8217;s price action remains closely tied to the outcome of a potential ceasefire in Ukraine. According to Polymarket data, a ceasefire in Ukraine has a 61% chance of being announced until July.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44379524/what-will-happen-to-bitcoin-prices-if-donald-trump-and-vladimir-putin-agree-on-a-ceasefire-in-ukraine">Read the full article here.</a>
MSTR&#8217;s Novel Strategy For Bitcoin Exposure
Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), formerly MicroStrategy, has been helping bond managers outperform with its novel strategy of issuing 0% convertible bonds to acquire more Bitcoin. Tom Lee, the CIO at Fundstrat Capital, believes this strategy has great potential for future upside.
<a href="https://www.benzinga.com/25/03/44375602/michael-saylors-mstr-provides-bitcoin-exposure-to-bondholders-with-its-novel-strategy-tom-lee-says-its-helping-bond-managers-outperform-the-market">Read the full article here.</a>
Schiff Criticizes Bitcoin ETFs
Peter Schiff once again criticized Bitcoin and extolled the benefits of gold. Schiff highlighted that gold prices have surged past $3,000 as foreign central banks continue selling U.S. dollars to accumulate gold, weakening the U.S. dollar and boosting foreign stock markets.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

MSTR

Trump's Crypto Call, Peter Schiff's Bitcoin Warning, MSTR's Novel Strategy, And More: This Week In Crypto

The past week has been a rollercoaster for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with the tech giant facing a series of challenges from internal turmoil to security oversights. The company&#8217;s stock has taken a hit, falling over 12% this year.
Amid these issues, CEO Tim Cook is reportedly making strategic changes to revive the struggling Siri assistant and catch up in the generative AI race.
Here&#8217;s a recap of the major stories that unfolded over the week.
Tim Cook Bets on Mike Rockwell to Revive Siri
Apple CEO Cook has reportedly reshuffled its AI leadership to revive the struggling Siri assistant. Mike Rockwell, the executive behind the Vision Pro headset, has been moved into a new leadership role overseeing Siri, pulling the virtual assistant out from under AI chief John Giannandrea&#8217;s control.
<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>
Apple&#8217;s Passwords App Exposes Users to Phishing Attacks
Security researchers found that the Passwords app introduced with Apple&#8217;s iOS 18 was using unencrypted HTTP connections, leaving users exposed to potential phishing attacks until a quiet fix was issued.
<a href="https://www.benzinga.com/25/03/44390868/apples-new-passwords-app-left-users-exposed-to-phishing-attacks-for-months-due-to-serious-http-flaw-researchers-reveal">Read the full article here.</a>
Apple&#8217;s AI Crisis Peaks Ahead of Executive Retreat
Apple is reportedly entering its annual Top 100 executive retreat this week amidst mounting criticism over the company&#8217;s stalled artificial intelligence efforts.
<a href="https://www.benzinga.com/media/25/03/44350512/apples-ai-crisis-reaches-boiling-point-ahead-of-top-100-executive-retreat-tim-cook-and-key-execs-called-out-over-siri-failure-by-top-analyst">Read the full article here.</a>
Apple Struggles to Fix Siri&#8217;s AI Failures
Apple is reportedly facing internal turmoil as it struggles to fix major AI failures in Siri, with a top executive calling the delays ugly and embarrassing after the company prematurely marketed features that weren&#8217;t ready.
<a href="https://www.benzinga.com/25/03/44345486/apple-scrambles-to-fix-siris-ugly-and-embarrassing-ai-failures-after-public-missteptop-executive-admits-marketing-it-too-soon-made-things-worse">Read the full article here.</a>
iPhone 16e Sales Surge, But China Sales Expected to Slide
Apple&#8217;s newly released iPhone 16e is off to a strong start, but analysts say it won&#8217;t be enough to offset the tech giant&#8217;s declining sales in China this year.
<a href="https://www.benzinga.com/25/03/44345384/apples-new-iphone-16e-outsells-iphone-se-by-60-but-analysts-say-it-wont-stop-china-sales-from-sliding-in-2025">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple's Siri AI Crisis, Security Flaws, And China Sales Woes: This Week In Appleverse

The past week has been a rollercoaster ride for the financial world. From the Federal Reserve&#8217;s unchanged interest rates to Mark Cuban&#8217;s probing questions about the U.S. economic shift, the week was filled with significant events.
Let&#8217;s dive into the top stories that made headlines.
Fed&#8217;s Powell Revives &#8216;Transitory&#8217; Inflation Talk&nbsp;
The Federal Reserve, led by Chairman Jerome Powell, left interest rates unchanged at 4.25%-4.50% this week. Despite the Fed&#8217;s projection of two rate cuts in 2025, the latest dot plot reflects lower growth and higher inflation, sparking concerns about stagflation. Economists are questioning the Fed&#8217;s confidence in easing inflation, warning of potential policy missteps and rising recession risks.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44406928/economists-react-to-powell-we-are-now-seeing-the-stag-and-the-flation">Read the full article here.</a>
Mark Cuban Questions Motives Behind Economic Shift
 Amid the ongoing U.S. economic overhaul, billionaire Mark Cuban has raised questions about the interests of those in charge. He contrasted the difference between turning around a corporation and a country, calling the 330 million citizens the directors of the corporation. Cuban&#8217;s comments came in response to a post that praised the current economic churn and criticized DOGE for being too timid.
<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">Read the full article here.</a>
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Treasury Secretary Scott Bessent: A &#8216;Deficit Hawk&#8217;
 In a recent podcast episode, Treasury Secretary Scott Bessent discussed President Donald Trump&#8217;s economic plan and the importance of lowering debt and deficit. Despite identifying himself as a &#8220;deficit hawk,&#8221; Bessent admitted that he sometimes needs to coax Republicans not to cut spending &#8220;all at once.&#8221;
<a href="https://www.benzinga.com/25/03/44396136/treasury-secretary-scott-bessent-calls-himself-a-deficit-hawk-but-has-to-coax-gop-against-aggressive-cuts-says-he-is-completely-aligned-with-elon-musk-on-doge">Read the full article here.</a>
Ray Dalio Warns of Imminent Debt Crisis
Bridgewater Associates founder Ray Dalio has raised concerns about the U.S.&#8217;s national debt, predicting an imminent crisis. Dalio pointed out a severe imbalance between supply and demand, noting that the debt-to-GDP ratio has reached 122%, surpassing the nation&#8217;s economic output. He warned that the U.S. might soon face difficulties selling its debt.
<a href="https://www.benzinga.com/25/03/44345022/ray-dalio-has-a-chilling-warning-for-president-trump-debt-crisis-is-imminent-and-an-issue-of-paramount-importance">Read the full article here.</a>
Canada&#8217;s Retaliatory Tariffs Draw Criticism
In response to the Trump administration&#8217;s recent trade measures, Canada has introduced retaliatory tariffs against the U.S. Commerce Secretary Howard Lutnick criticized Canada&#8217;s &#8220;tone deaf&#8221; approach ahead of a meeting with Canadian officials.
<a href="https://www.benzinga.com/news/global/25/03/44344906/canadas-retaliatory-tariffs-against-us-draw-commerce-secretary-howard-lutnicks-ire-who-thinks-they-are-tone-deaf-the-british-didnt-respond-the-mexicans-didnt-respond">Read the full article here.</a>
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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>

Economics

Jerome Powell's Stagflation Fears, Mark Cuban's Economic Queries, And Ray Dalio's Debt Warning: This Week In Economics

The past week has been a whirlwind of news, with the Trump administration making headlines on multiple fronts. From a shake-up in the education sector to controversial deportation practices, the administration&#8217;s actions have sparked widespread discussion. Let&#8217;s dive into the top stories of the week.
Trump Dismantles Department of Education
President Donald Trump has signed an executive order aimed at dismantling the U.S. Department of Education. The order also transfers federal student loan servicing to the Small Business Administration. Trump&#8217;s order instructs Education Secretary Linda McMahon to facilitate the dissolution of the Department of Education and return educational authority to the states.
<a href="https://www.benzinga.com/general/education/25/03/44444175/trump-orders-steps-to-dismantle-department-of-education-what-it-means-for-student-loans">Read the full article here.</a>
Revised Terms for Access to Ukraine&#8217;s Resources
The Trump administration is pushing for revised terms to access Ukraine's critical minerals and energy assets. This move is part of a larger strategy to secure a peace agreement with Russia. The U.S. is persuading Kyiv to agree to comprehensive terms about the ownership and control of a joint investment fund.
<a href="https://www.benzinga.com/25/03/44435337/trump-administration-pushes-for-revised-terms-to-access-ukraines-critical-resources-amid-peace-talks-report">Read the full article here.</a>
Trump Administration&#8217;s Deportation Practices Under Scrutiny
A federal judge has criticized the Trump administration for its handling of Venezuelan deportation flights. The administration has been accused of not providing sufficient details about the flights and failing to respond adequately to a court order.
<a href="https://www.benzinga.com/25/03/44428767/trump-administration-failed-to-respond-to-court-order-on-deportation-flights-explain-non-compliance-by-tuesday-says-judge">Read the full article here.</a>
Bill Gates Warns of Global Health Funding Gaps
Microsoft Corp. co-founder, Bill Gates, has urged the Trump administration to maintain funding for international health initiatives. Gates warned that his foundation cannot compensate for the potential shortfall caused by cuts to the U.S. Agency for International Development (USAID).
<a href="https://www.benzinga.com/25/03/44392153/bill-gates-cautions-trump-administration-his-foundation-cannot-bridge-global-health-funding-gaps-amid-usaid-cuts-reports">Read the full article here.</a>
US-EU Tensions Escalate
French MEP Raphael Glucksmann has criticized the Trump administration&#8217;s stance on U.S.-European relations. Glucksmann&#8217;s comments came in response to a statement made by White House spokesperson Karoline Leavitt, leading to an escalation in tensions between the U.S. and EU.
<a href="https://www.benzinga.com/25/03/44389618/trump-press-secretary-blasted-by-french-mep-over-statue-of-liberty-reaction-if-hundreds-of-thousands-of-young-americans-had-not-landed-on-our-beaches">Read the full article here.</a>
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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>

Global

Trump's Education Overhaul, Ukraine Resource Access, Deportation Controversy, And US-EU Tensions: This Week In Politics

For 20 years, one Redditor dedicated themselves to a frugal lifestyle, prioritizing financial security over luxury. Now, at 51 and facing a cancer diagnosis, they wonder: Was it all worth it?
<h2 class="wp-block-heading">A Lifetime of Sacrifices</h2>
In a now-viral <a href="https://www.reddit.com/r/Frugal/comments/1j1bsyv/i_have_been_frugal_the_last_20_years_and_now_i_am/">post</a> on the r/Frugal subreddit, user Bib_fortune shared their dilemma. Thanks to decades of careful budgeting, they own their home outright and have solid savings and investments. But their frugality came at a cost: driving old, unreliable cars and skipping out on the finer things in life. Meanwhile, their sister—who struggles with money—has always enjoyed new cars, expensive clothes, and a seemingly lavish lifestyle.
&#8220;I always thought my life choices were the right ones, thinking of the future&#8230; until I was diagnosed with cancer four months ago,&#8221; they wrote.
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Now, with an uncertain prognosis, they're questioning whether their sacrifices were worth it. &#8220;If I die in three years, my sister will be rewarded with my estate (don&#8217;t get me wrong, I love my sister, but [it] is not my life goal to support her lifestyle).&#8221;
<h2 class="wp-block-heading">Should They Finally Indulge?</h2>
One thing on their mind is <a href="https://www.benzinga.com/news/large-cap/24/12/42427200/amazon-autos-buy-your-next-car-online-its-just-a-click-away">buying a brand-new car</a>—something they've never done. But they worry that splurging now might be for the wrong reasons. &#8220;I am considering buying a brand-new car&#8230; but at the same time, I think I would be doing it for the wrong reasons.&#8221;
Redditors quickly chimed in with advice, and the overwhelming consensus was that this was exactly what they'd been saving for.
&#8220;<a href="https://in.benzinga.com/news/25/03/44408726/got-laid-off-so-i-went-all-in-on-living-frugally-redditor-shares-how-they-saved-big-and-why-these-tips-may-be-more-important-than-ever">Frugality has its rewards</a>. One is deciding when and how to spend it,&#8221; one user responded. &#8220;Your cancer may not take you that fast, but you have time to enjoy yourself. Go for it.&#8221;
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Another echoed that sentiment, emphasizing that the <a href="https://www.benzinga.com/personal-finance/25/01/42771996/this-is-unhinged-a-reddit-user-asks-others-for-extreme-acts-of-frugality-they-witnessed-and-the-replies-are-shockingly-entertaining">key to frugality</a> isn't just saving but also knowing when to enjoy what you've saved. &#8220;I think this is [what] people miss about being frugal. I just spent ~$1000 in Key West for my 40th. I regret nothing. Had I spent $1000 at a casino? I would have regretted it.&#8221;
Many urged the OP to take a balanced approach. &#8220;I don't think you have to overhaul your entire life. Just get the things you like, e.g., a nice car, a trip somewhere, and some nice clothes, etc.&#8221;
<h2 class="wp-block-heading">What's Money For?</h2>
This post sparked a larger discussion about the purpose of money. Many Redditors shared their own experiences of learning to balance financial responsibility with enjoying life.
One user reflected on how frugality allowed them to live stress-free: &#8220;So many people with luxury things <a href="https://www.benzinga.com/personal-finance/25/02/43947512/dave-ramsey-baffled-by-family-living-paycheck-to-paycheck-on-600000-a-year-why-do-you-need-18000-a-month-to-run-your-household">live &#8216;paycheck to paycheck&#8217;</a> and have panic attacks in their BMW while wearing that expensive watch. Peace and safety are priceless and you now have the luxury to do anything you want within reason.&#8221;
Another pointed out the importance of intentional spending: &#8220;I do and have a lot of things that die-hard frugal people would never consider frugal, but it's really about being intentional with my money.&#8221;
Some encouraged the OP to shift focus from material goods to meaningful experiences. &#8220;Where is one place that you have always wanted to go? Or something that you always wanted to do? Instead of a car, how about an experience?&#8221;
Others reminded them that life is unpredictable. &#8220;Nothing is promised to us &#8230; and how to balance saving for the future and spending for now is something we just have to make our best guess at.&#8221;
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<h2 class="wp-block-heading">What's Next?</h2>
While many agreed that the OP deserved to enjoy the fruits of their labor, they also emphasized responsible enjoyment. &#8220;Maybe instead of a new car, finance one 2-3 years old with lower mileage,&#8221; one suggested.
Another recommended focusing on comfort, especially during treatment. &#8220;Spend your money as you see fit. Enjoy a new car. Focus on making yourself comfortable for your journey ahead.&#8221;
The Redditor clarified that they don't have a terminal diagnosis—yet. &#8220;I have been through surgery and chemo, but the odds of recurrence are high&#8230;&#8221;
With that in mind, users suggested they reassess their will to ensure their money goes where they want it to. If she doesn&#8217;t want her sister to inherit everything, she can donate to charity or set up a scholarship.
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'If I Die…'—A Redditor Lived Frugally For 20 Years To Secure Their Future. Now, A Cancer Diagnosis Is Making Them Question Everything

Mark Cuban may have sold most of his stake in the Dallas Mavericks, but back when he was running things day to day, he had some intense moments. In a 2024 &#8220;Club Shay Shay&#8221; <a href="https://www.youtube.com/watch?v=0DAVdTTgGcU">interview</a>, Cuban reflected on one of those raw moments when he lit into his team after a lackluster performance.
<h2 class="wp-block-heading">Calling Out the Team</h2>
Cuban, known for his hands-on approach as an owner, recalled a game where he felt the players weren't putting in the effort. He unleashed on the players in the locker room.
"I walked into the locker room and I started pointing at different guys—&#8217;Yo, did you get your paycheck this week? Yeah? Did you get your paycheck this week?&#8217;" Cuban recounted. "And I went around to all of them. &#8216;You get your paycheck this week?&#8217; They all said yes. I said, &#8216;Then motherf&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;&#x2A; play like you got your paycheck because you all aren&#8217;t doing s&#x2A;&#x2A;&#x2A;"
Despite his best efforts to fire up the team, Cuban admitted that they lost that game.
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<h2 class="wp-block-heading">A Passionate, Involved Owner</h2>
Cuban bought the Mavericks in 2000 for $285 million after seeing empty seats at the team's home opener and thinking, &#8220;We&#8217;re undefeated. We should have a good team. And I&#8217;m like, &#8216;I can do better than this,'&#8221; Cuban recalled on the &#8220;Life in Seven Songs&#8221; <a href="https://www.lifeinsevensongs.com/turns-out-mark-cuban-is-an-emotional-guy/">podcast</a>. He quickly became one of the NBA's most engaged owners, often sitting courtside, arguing with referees, and making bold moves to improve the franchise.
His efforts paid off. Under Cuban's ownership, the Mavericks won their first NBA championship in 2011, led by Dirk Nowitzki. He also revolutionized the way NBA teams invested in facilities, player care, and fan experiences.
<h2 class="wp-block-heading">Selling the Mavericks and Rewarding Loyalty</h2>
In December 2023, Cuban <a href="https://www.benzinga.com/general/sports/25/01/42803678/mark-cuban-on-selling-dallas-mavericks-stake-i-didnt-want-my-kids-feeling-the-pressure-of-walking-into-my-spot">sold the majority stake</a> of the team to casino billionaire Miriam Adelson and her son-in-law, Patrick Dumont, in a deal valuing the franchise at $3.5 billion. He retained a 27% stake.
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Part of his <a href="https://www.benzinga.com/general/education/24/10/41302910/why-mark-cuban-stepped-back-from-mavericks-ownership-his-kids-dont-need-all-that-abuse">motivation for selling</a> was to be more with his family.
"There's a lot of pressure for them," Cuban said about his kids, who were aged 15, 18 and 21 at the time. "When you're having a bad season, your kids are on social media. I just don't want them to put up with all that abuse."
However, before walking away from the owner's chair, Cuban made sure to take care of the people who helped build the team. He <a href="https://www.benzinga.com/personal-finance/24/12/42341972/mark-cuban-hands-out-35m-in-bonuses-to-mavericks-employees-it-was-life-changing-money">handed out $35 million in bonuses</a> to long-serving Mavericks employees, describing it as "life-changing money" for those who had been with him for 20 years or more.
<h2 class="wp-block-heading">A Legacy Beyond Basketball</h2>
Even though Cuban is no longer the face of the Mavericks, his impact on NBA ownership, player experience, and franchise management will last for years. He continues focusing on business ventures, including Cost Plus Drugs, a company aiming to <a href="https://www.benzinga.com/personal-finance/25/02/43435413/mark-cubans-cost-plus-marketplace-now-sells-over-6000-medicines-saving-customers-between-40-60-by-cutting-out-the-middle-man">lower prescription medication prices</a>, and potential casino development in Texas.
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Mark Cuban Recalls How He Went Off On Mavericks Players—'Did You Get Your Paycheck? Because You All Aren't Doing S***'

The cannabis industry saw major developments this week across regulation, corporate earnings and consumer trends. The Centers for Disease Control and Prevention (CDC) introduced a federal cannabis strategy while France moved to ban raw flower in medical cannabis sales. Uruguay made an unexpected regulatory appointment and Spain's top medical cannabis advocacy group shut down in protest of restrictive policies.
On the business side, High Tide reported record revenue but faced margin concerns, while SNDL reached break-even free cash flow despite weakness in its liquor segment. Charlotte's Web continued its mainstream retail expansion, while Agrify doubled down on THC beverages. Edible Brands launched Edibles.com, bringing its consumer trust into the hemp industry and Poseidon-backed Herb Haus prepared to open a social equity dispensary in New Jersey.
Consumer trends continued to shift, with three in four young adults now substituting cannabis for alcohol at least weekly. Meanwhile, Curaleaf and Fab 5 Freddy teamed up to train 175 new cannabis workers and Ted Cruz and Elon Musk stirred conversation with jokes about smoking weed on air.
<h2 class="wp-block-heading">Regulatory And Policy Updates</h2>
<h3 class="wp-block-heading">CDC Unveils Federal Cannabis Strategy</h3>
The Centers for Disease Control and Prevention (CDC) released a cannabis strategic plan, outlining a public health approach to cannabis use in the U.S., as first reported by <a href="https://www.greenstate.com/news/cdc-cannabis-strategic-plan/">Green State&#8217;s Rachelle Gordon</a>. The plan highlights concerns over rising THC potency and increased cannabis consumption, while also acknowledging potential benefits.
The strategy focuses on monitoring trends, expanding research, supporting healthcare providers and increasing public awareness. The CDC will also examine cannabis use in key populations, including pregnant women, adolescents and workers in safety-sensitive jobs. While largely focused on risk management, the plan represents a shift toward a more research-driven federal stance on cannabis.
<h3 class="wp-block-heading">France Proposes Medical Cannabis Rules, Excludes Raw Flower</h3>
France submitted its proposed medical cannabis regulations to the European Commission, favoring single-use cartridges while banning raw flower sales. The government argues that restricting flower will prevent overlap with recreational use, though critics note that Germany and the Netherlands allow vaporized flower for medical patients.
The regulation would allow tamper-proof cannabis cartridges for fast-acting relief while tightening controls on cultivation, import and distribution. The move places France among the most restrictive medical cannabis markets in Europe, contrasting with broader reforms elsewhere.
<h3 class="wp-block-heading">Uruguay Names New Cannabis Regulator In Unexpected Move</h3>
Uruguay appointed Martín Rodríguez as the new director of the Institute for Regulation and Control of Cannabis (IRCCA) after Daniel Radío declined the position, reported <a href="https://elplanteo.com/ircca-uruguay-nuevo-director/">El Planteo</a>. Rodríguez, who led IRCCA from 2015 to 2019, is seen as an industry insider with a track record in cannabis regulation.
The appointment shifts control to the ruling Frente Amplio party, raising speculation over potential regulatory changes. Uruguay's legal cannabis market has cut illicit trade by 50% and the new leadership could shape its next phase.
<h3 class="wp-block-heading">Spain's Leading Medical Cannabis Group Shuts Down</h3>
After a decade of advocacy, Spain's Observatorio Español del Cannabis Medicinal (OECM) announced its closure. Founder Carola Pérez blamed government inaction and restrictive policies, particularly the refusal to legalize raw flower or full-spectrum oils for patients.
While Spain grants cultivation licenses for export, domestic patients are limited to expensive pharmaceuticals like Sativex and Epidiolex. The OECM's closure is seen as a setback for patient access, even as the country finalizes long-awaited medical cannabis regulations.
<h2 class="wp-block-heading">Benzinga Cannabis Capital Conference Returns To Chicago</h2>
The Benzinga Cannabis Capital Conference is set to return to Chicago on June 8 to June 10, 2025, bringing together top investors, executives and industry leaders. The event will feature exclusive networking opportunities, market insights and discussions on the future of cannabis investing and business strategy. Attendees will hear directly from some of the most influential voices shaping the cannabis landscape. For more details and registration, visit <a href="https://www.bzcannabis.com/">bzcannabis.com</a>.
<h2 class="wp-block-heading">Market And Earnings Updates</h2>
<h3 class="wp-block-heading">High Tide Reports Record Revenue But Faces Margin Pressure</h3>
High Tide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) reported CA$142.46 million ($99.76 million) in first-quarter revenue, an 11% increase year-over-year. The company now has 5.66 million Cabana Club members, including 85,500 paying Elite members, up 13% quarter-over-quarter.
Despite revenue growth, gross margins fell to 24.9%, the lowest in company history, prompting Beacon Securities to lower its 12-month price target from CA$6.25 to CA$5.75 despite maintaining a &#8220;Buy&#8221; rating. Management expects margins to stabilize as the company expands its Canna Cabana store count, with plans to open between 20 and 30 locations in 2025.
<h3 class="wp-block-heading">SNDL Achieves Break-Even Free Cash Flow Amid Cannabis Growth</h3>
SNDL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) posted fourth-quarter revenue of CA$257.68 million, up 3.7% year-over-year, exceeding analysts&#8217; estimates of CA$248.10 million. Full-year revenue reached CA$920.4 million, a 1.3% increase from 2023.
The company's cannabis operations saw a 42.4% sales jump, driven by provincial board and business-to-business distribution. However, SNDL's liquor retail segment struggled, with sales down 3.4% year-over-year. Same-store sales in the cannabis segment rose 6.3% in the quarter and 3.5% for the year.
Despite a fourth-quarter operating loss of CA$76.1 million, SNDL achieved positive free cash flow of CA$11.6 million in the quarter and CA$8.9 million for the full year. CEO Zach George noted that the company exceeded its commitment to reaching break-even free cash flow while continuing to invest in expansion.
<h2 class="wp-block-heading">Industry And Business Developments</h2>
<h3 class="wp-block-heading">Edible Brands Enters The Hemp Market With Edibles.com</h3>
Edible Brands, the parent company of Edible Arrangements, launched Edibles.com, an e-commerce marketplace focused on hemp-derived products. The platform, led by former Theory Wellness CMO Thomas Winstanley, aims to bring Edible Brands&#8217; reputation for quality to the fast-growing hemp industry.
The platform launched in Texas on March 20 and plans rapid expansion into Florida and Georgia. Select products will be available for nationwide shipping where legally permitted.
<h3 class="wp-block-heading">Poseidon Backs New Jersey Social Equity Dispensary</h3>
Poseidon Investment Management has financed Herb Haus, a social equity dispensary in Carlstadt, New Jersey. The dispensary is strategically located near MetLife Stadium and the Meadowlands Sports Complex, aiming to serve a high-traffic customer base.
Founder Joe Kanegieser secured a social equity license and was selected for the New Jersey Economic Development Authority&#8217;s Cannabis Equity Grant Program. With New Jersey's cannabis sales growing 25% in 2024, Herb Haus is positioned for success in the state's expanding market.
<h2 class="wp-block-heading">Consumer Trends And Cultural Shifts</h2>
<h3 class="wp-block-heading">Young Adults Increasingly Replacing Alcohol With Cannabis</h3>
A Bloomberg Intelligence report found that 74% of consumers aged 18-24 substitute cannabis for alcohol at least weekly. The trend is reshaping the beverage industry, with major cannabis operators like Trulieve and Curaleaf expanding THC-infused drink offerings.
A YouGov poll reinforced the shift, showing that a majority of Americans now believe regular alcohol consumption is more harmful than cannabis use.
<h3 class="wp-block-heading">Fab 5 Freddy, B-Noble And Curaleaf Support Free Cannabis Job Training</h3>
Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) partnered with Green Book Academy and B-Noble to train 175 aspiring cannabis workers free of charge. The program provided hands-on training, resume workshops and industry networking. Hip-hop legend Fab 5 Freddy made a surprise appearance, emphasizing the importance of education in cannabis career development.
<h3 class="wp-block-heading">Elon Musk And Ted Cruz Joke About Smoking Weed On Air</h3>
During a recent podcast, Ted Cruz and Elon Musk joked about smoking cannabis live, referencing Musk's infamous 2018 interview with Joe Rogan. The exchange, reported on <a href="https://www.benzinga.com/general/entertainment/25/03/44427511/elon-musk-ted-cruz-joke-about-cannabis-on-podcast-should-i-pull-out-a-joint-to-boost-ratings">Benzinga</a>, reignited conversations about cannabis normalization in politics and business.
With 4/20 approaching, industry watchers are speculating whether Musk will once again make headlines around the topic.
<h3 class="wp-block-heading">Grassland Movie Spotlights Cannabis Incarceration</h3>
Grassland, a new social justice drama, is now available for pre-order on Apple TV. Starring Mía Maestro, Quincy Isaiah, Jeff Kober and Ravi Cabot-Conyers, the film explores the human impact of cannabis incarceration in the U.S. during the 2008 economic recession.
The story follows a single mother running an illegal cannabis business to support her family, only to face potential exposure when her son befriends the new neighbors—including a police officer. The film's official trailer has just dropped, offering a gripping look at the challenges of cannabis criminalization.
Stay tuned for more <a href="http://www.benzinga.com/cannabis">cannabis news</a> on Benzinga.

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CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

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This Week In Cannabis: The CDC's Federal Weed Strategy, Edible Arrangements' New Biz, Global News, Earnings, Musk And More

Three months after saying that a one-size-fits-all federal minimum wage &#8220;wouldn't work,&#8221; President Donald Trump has rolled back a key wage rule <a href="https://www.benzinga.com/news/25/03/44277188/a-poverty-sentence-heres-why-some-say-losing-a-federal-job-is-worse-than-being-fired-in-the-private-sector">affecting federal contractors</a>. The move cancels an executive order from then-President Joe Biden that required contractors to pay their workers at least $17.75 per hour.
<h2 class="wp-block-heading">Trump&#8217;s Take on Federal Wages</h2>
Back on Dec. 8, during an <a href="https://www.nbcnews.com/meet-the-press/video/trump-says-he-would-consider-raising-the-federal-minimum-wage-226490437864">appearance</a> on NBC News&#8217; &#8220;Meet the Press,&#8221; Trump said, "It would be nice to have just a minimum wage for the whole country, but it wouldn't work because you have places where it's very inexpensive to live." He argued that a federal minimum wage could have &#8220;very little effect&#8221; in some areas due to lower living costs.
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His comments fueled debate over whether the U.S. should have a federal wage floor at all. But as of 2023, only about 1.1% of American workers actually earn the <a href="https://www.benzinga.com/personal-finance/25/01/43234188/bernie-sanders-the-7-25-federal-minimum-wage-is-shameful-in-2025-america">federal minimum of $7.25 an hour</a>, according to the <a href="https://www.bls.gov/opub/reports/minimum-wage/2023/">Bureau of Labor Statistics</a>. The vast majority earn more, thanks to higher state minimums and market conditions.
<h2 class="wp-block-heading">Biden&#8217;s $17.75 Minimum Wage for Contractors Repealed</h2>
On March 15, Trump formally repealed Biden's 2021 order that had gradually raised the minimum wage for federal contract workers to $17.75 per hour by this past January. That order replaced an earlier rule from President Barack Obama, who had bumped the contractor minimum to $10.10 in 2014 with periodic increases.
Biden's order also removed an exemption for seasonal recreational businesses on federal land—a carveout Trump had supported during his first term. With the repeal, many federal contractors will now fall back to the Obama-era rate of $13.30 or to the base federal minimum of $7.25 per hour, unless higher state minimum wages apply.
Trending: This platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a>
<h2 class="wp-block-heading">Millions of Workers Could See Pay Changes</h2>
According to <a href="https://www.reuters.com/legal/government/trump-nixes-1775-minimum-wage-federal-contractors-adopted-by-biden-2025-03-20/">Reuters</a>, roughly 20% of the U.S. workforce is employed by companies with federal contracts. Critics of Biden&#8217;s rule, including some Republicans and business groups, said the $17.75 wage made it harder for small businesses to compete and didn't fit low-cost areas.
But advocates say the change could hurt low-wage workers. &#8220;The federal minimum wage has become largely irrelevant,&#8221; Chad Gammon, a certified financial planner, told <a href="https://www.gobankingrates.com/money/economy/trump-federal-minimum-wage-doesnt-work-what-happen-to-earnings-if-eliminated/">GOBankingRates</a>. He pointed out that the federal rate hasn't budged since 2009. Others warn the rollback may reduce worker protections.
The repeal also wipes out Biden-era rules that favored federal contractors who stayed neutral in union drives or joined registered apprenticeship programs. Trump didn't give a&nbsp; reason for the changes, but they align with his stated goal of <a href="https://www.benzinga.com/25/02/43701025/analyst-optimistic-about-banks-trumps-pro-business-agenda-should-drive-customer-acitivity">trimming regulations</a> he sees as unnecessary or burdensome.
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Trump Said 3 Months Ago Federal Minimum Wages Don't Work—Now He's Slashed Biden's $17.75 Minimum For Federal Contractors To State Minimums

Former Dallas Mavericks owner Mark Cuban has voiced his shock over the recent trade of Luka Dončić to the<a href="https://www.benzinga.com/tech/25/03/44067809/mark-cuban-shares-two-things-hed-do-at-12-to-succeed-and-they-work-for-everyone"> Los Angeles Lakers</a>.
What Happened: Cuban, currently a minority owner of the Mavericks, expressed his astonishment over the team&#8217;s decision to trade their 26-year-old superstar, Luka Dončić. 
This disclosure was made during an episode of&nbsp;the &#8220;Your Mom&#8217;s House&#8221; <a href="https://www.youtube.com/watch?v=lUwmA0lOWwM">podcast</a>.
The Mavericks&#8217; move to trade Dončić for the older and more injury-prone Anthony Davis, along with Max Christie and a future first-round draft pick, has left fans and analysts puzzled. 
The trade has significantly bolstered the Lakers&#8217; position in the Western Conference, while the Mavericks are grappling with injuries and are in danger of missing the postseason.
Cuban disclosed that he had no sway over the decision, stating,&nbsp;&#8220;If I had any influence&#8230;&#8221;&nbsp;before trailing off. He further clarified that he no longer oversees basketball operations and that his voice holds no weight under the new ownership.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/25/02/43581429/mark-cubans-400k-bet-on-teen-founder-comes-with-an-unexpected-invitation-i-want-my-daughters-to-meet-you-and-learn-from-you" target="_blank" rel="noreferrer noopener">Mark Cuban&#8217;s $400K Bet On Teen Founder Comes With An Unexpected Invitation: ‘I Want My Daughters To Meet You, And Learn From You&#8217;</a>
&#8220;The majority owner, Patrick Dumont decided that he was comfortable with Nico Harrison, which is his choice. You can&#8217;t totally argue with him because we went to the Finals, but yeah it was his choice and he made his choice. I&#8217;m just a fan now. When I originally sold the team, that&#8217;s what was supposed to happen, and initially it was. And then over time it was &#8216;OK in Nico we trust,&#8217; so here we are,&#8221; Cuban said. 
The former majority owner also shared his reaction upon hearing about the trade, stating,&nbsp;&#8220;I was just as dumbfounded as everybody else. It&#8217;s just brutal, it&#8217;s painful not matter how you look at it. It&#8217;s like talking about a pet dying, I&#8217;m in mourning kind of, still. But they paid me to buy the circus, so I just look at my bank account and feel better.&#8221;&nbsp;
Despite his disagreement with the decision, Cuban recognized that it was not his call to make.
Why It Matters: While Cuban may feel blindsided by the situation, his past actions as majority owner, including appointing Nico Harrison as the team&#8217;s general manager and selling his majority stake to Patrick Dumont and Miriam Adelson, have played a part in shaping&nbsp;the current state of the&nbsp;Mavericks.
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Sports

Mark Cuban Stunned By Dončić Trade: 'I Was Just As Dumbfounded As Everybody Else'

The power outage at London&#8217;s Heathrow Airport resulted in substantial flight disruptions, potentially causing airlines <a href="https://www.benzinga.com/news/global/25/03/44431360/londons-heathrow-airport-shuts-down-due-to-major-power-outage-caused-by-a-fire-over-1300-flights-expected-to-be-impacted">to lose millions of dollars</a>.
What Happened: The outage forced LHR to close, resulting in flight cancellations and diversions. This left thousands of passengers stranded, with some finding themselves in cities like Tokyo, Mumbai, and Dallas.
Although the airport announced that flights would resume later on Friday, reorganizing airline networks continues to be a significant hurdle.&nbsp;
According to the report <a href="https://www.businessinsider.com/heathrow-airport-power-outage-ccould-cost-airlines-millions-2025-3">by</a> Insider, Ronan Murphy, a director at Alton Aviation Consultancy, estimates that airlines could face losses ranging from $80 to $100 million due to the costs of rerouting passengers and providing accommodations.
&#8220;If you think about load factor, let&#8217;s say 75% full on average, that&#8217;s 220,000 people, give or take, that are affected. That could be $100 million-plus of revenue for one day,&#8221; Murphy told the outlet.
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&#8220;I think it&#8217;s a good thing it&#8217;s sort of pre-Easter in a bit of a March lull moment. If this is the&nbsp;middle of July, it would be an absolute disaster. You could have another 300 or 400 flights,&#8221; he said. 
As Heathrow reopens, airlines such as&nbsp;United Airlines&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and&nbsp;British Airways&nbsp;are striving to mitigate the impact and restart operations.&nbsp;British Airways CEO Sean Doyle&nbsp;referred to the situation as &#8220;unprecedented.&#8221;
Heathrow, ranked as the world&#8217;s fifth-busiest airport, had around 1,300 flights scheduled for&nbsp;Friday, with a capacity of&nbsp;290,930 seats. The&nbsp;New York-JFK to London Heathrow&nbsp;route, one of the world&#8217;s busiest, is expected to be among the most affected.
Why It Matters: The power outage at Heathrow Airport underscores the vulnerability of global airline networks to unexpected disruptions. Despite the significant interruption, travel expert Mike Arnot remains hopeful, noting that large airlines usually&nbsp;have spare capacity and can&nbsp;utilize their alliance partners to manage such situations. 
However, the incident serves as a reminder of the need for robust contingency plans in the aviation industry, particularly at high-traffic airports like Heathrow.
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Image: Shutterstock

Markets

Heathrow Power Outage May Lead To Millions in Losses for Airlines

During a high-level meeting at the White House, President Donald Trump hosted UAE National Security Advisor Sheikh Tahnoon bin Zayed, marking a significant step in strengthening economic relations between <a target="_blank" href="https://www.benzinga.com/content/44272280/3-stocks-investing-650-billion-in-the-u-s-should-you-invest" rel="noreferrer noopener">the United States and the United Arab Emirates.</a>
Sheikh Tahnoon, visiting Washington at the direction of UAE President Sheikh Mohamed bin Zayed, was accompanied by an extensive delegation, including heads of major UAE Sovereign Wealth Funds and corporations, per a <a target="_blank" href="https://ae.usembassy.gov/thanks-to-president-trump-uae-announces-significant-investments-in-u-s-economy/#:~:text=Following%20the%20meeting%2C%20the%20UAE,%2C%20energy%2C%20and%20American%20manufacturing." rel="noreferrer noopener">statement </a>from the U.S. Embassy &amp; Consulate in the United Arab Emirates.
The key highlight of the meeting was the announcement of a 10-year, $1.4 trillion investment framework, signaling the UAE's commitment to substantially increasing its investments in the U.S. economy.
These investments will focus on critical sectors such as artificial intelligence infrastructure, energy, semiconductors, and American manufacturing.
This landmark agreement aims to bolster U.S. leadership in technology and infrastructure, with the UAE committing to invest significantly in the next-generation data centers, energy solutions, and advanced technology development.
Also Read: <a target="_blank" href="https://www.benzinga.com/personal-finance/25/03/44438885/charlie-munger-told-a-20-year-old-that-getting-rich-through-investing-is-damn-near-impossible-and-you-might-need-10-million-in-the-bank" rel="noreferrer noopener">Charlie Munger Told a 20-Year-Old That Getting Rich Through Investing Is &#8216;Damn Near Impossible&#8217; — And You Might Need $10 Million in the Bank</a>
In addition to the broader framework, several UAE-based companies made significant announcements. For instance, Abu Dhabi-based MGX, BlackRock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)
, and Global Infrastructure Partners welcomed NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and xAI into the AI Infrastructure Partnership, aimed at mobilizing up to $100 billion for data center and energy infrastructure.
Meanwhile, XRG, owned by ADNOC, committed to supporting U.S. natural gas production with a major investment in a LNG export facility in Texas.
Sheikh Tahnoon also <a target="_blank" href="https://www.uae-embassy.org/news/tahnoon-bin-zayed-meets-donald-trump-discusses-strategic-partnership-prospects" rel="noreferrer noopener">praised </a>President Trump for his leadership, which he believes has stimulated foreign direct investment and fostered robust economic partnerships between the two nations.
As part of his official visit to the U.S., Sheikh Tahnoon met with Scott Bessent, U.S. Secretary of the Treasury, to discuss areas of economic and financial cooperation between the UAE and the U.S. and explore ways to strengthen them to serve the interests of both countries.
Both parties expressed their commitment to further strengthen the strategic partnership, particularly in advanced technology, energy, and infrastructure sectors.
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UAE Pledges $1.4 Trillion Investment In US Tech, Energy, And Manufacturing: Trump And Sheikh Tahnoon Strengthen Strategic Ties

President Donald Trump recently took to his social media handle about falling egg prices, claiming they are &#8216;WAY DOWN&#8217; from the<a href="https://www.benzinga.com/personal-finance/25/03/44147801/egg-prices-hit-record-4-95-per-dozen-agriculture-secretary-blames-overregulation-for-skyrocketing-cost" target="_blank" rel="noreferrer noopener"> &#8220;Biden inspired prices&#8221; just weeks ago</a>.
In a <a target="_blank" href="https://truthsocial.com/@realDonaldTrump/posts/114198370343993836" rel="noreferrer noopener">post </a>on&nbsp;Truth Social, he added, &#8220;Groceries and Gasoline are down, also.&#8221;
Meanwhile, the Trump administration has announced plans to import millions of eggs from Turkey and South Korea in an effort to <a href="https://www.benzinga.com/personal-finance/25/03/44147801/egg-prices-hit-record-4-95-per-dozen-agriculture-secretary-blames-overregulation-for-skyrocketing-cost" target="_blank" rel="noreferrer noopener">alleviate the rising cost of eggs in the U.S.</a>
BBC <a target="_blank" href="https://www.bbc.com/news/articles/c743g135vj9o" rel="noreferrer noopener">reports </a>that Agriculture Secretary Brooke Rollins confirmed that the U.S. is negotiating with other countries for egg supplies, with officials expecting the short-term importation to reach &#8220;hundreds of millions of eggs.&#8221;
The bird flu crisis, which started in 2022, has caused severe disruptions to the egg supply, contributing to a 65% surge in egg prices over the past year. Prices are projected to rise another 41% in 2025, BBC adds.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/25/03/44226602/walmart-ceo-says-consumers-changing-spending-due-to-inflation-egg-prices-the-money-runs-out-before-the-month-is-gone-people-are-buying-smaller-pack-sizes" rel="noreferrer noopener">Walmart CEO Says Consumers Changing Spending Due To Inflation, Egg Prices: &#8216;The Money Runs Out Before The Month Is Gone … People Are Buying Smaller Pack Sizes&#8217;</a>
To combat the crisis, the U.S. Department of Agriculture unveiled a $1 billion plan aimed at addressing the bird flu outbreak.
The plan includes measures such as $500 million for biosecurity efforts, $100 million for vaccine research, and $400 million for farmer relief programs.
Rollins told&nbsp;reporters at the White House that the U.S. will return to sourcing eggs domestically once the egg-laying industry is fully restocked, BBC notes.
The administration&#8217;s plan also includes free consulting services for commercial egg farms to help prevent future outbreaks. While some countries, including Poland and Lithuania, have also been contacted for possible egg exports, the goal is to restore U.S. egg production to full capacity as soon as possible.
As the bird flu continues to affect the poultry industry, the administration aims to stabilize egg prices while addressing the ongoing supply shortages.
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Trump Claims Egg Prices Are 'WAY DOWN' As US Plans Imports From Turkey and South Korea

Wall Street is buzzing with increasing speculation about a recession, as economists identify several indicators suggesting an <a href="https://www.benzinga.com/25/03/44448437/benzinga-bulls-and-bears-tesla-nvidia-fedex-and-the-market-digests-the-feds-rate-decision">impending economic downturn</a>.
What Happened: According to a report, Goldman Sachs&nbsp;has raised its likelihood of a recession in&nbsp;the next 12 months from&nbsp;15% to 20%. A March survey by&nbsp;Bank of America&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) showed that 55% of fund managers perceive&nbsp;a global recession triggered by&nbsp;a trade war as the&nbsp;primary&nbsp;tail risk for the market.
Consumer expectations of a recession in the upcoming year have also risen to a nine-month peak, according to the latest Consumer Confidence Survey by the Conference Board, <a href="https://www.businessinsider.com/recession-2025-warning-economy-outlook-growth-slowdown-debt-stocks-rates-2025-3">reports</a> Insider.
Economist David Rosenberg foresees a downturn in the next few months, highlighting several warning signs of a faltering economy.
Rosenberg points out several alarming signs including US households battling to keep up with inflation, an increased debt load, struggling small- and mid-cap stocks, and declining corporate earnings guidance. 
Rosenberg stated, &#8220;If the past is prescient, the recession which nobody believes will rear its ugly head will materialize as early as July.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/25/03/44211421/us-economy-teetering-recession-may-be-looming-as-bond-market-reacts-to-trump-policies">US Economy Teetering? Recession May Be Looming As Bond Market Reacts To Trump Policies</a>
Households are increasingly unable to handle emergency expenses, with&nbsp;the latest Survey of Consumer&nbsp;Expectations from the New York&nbsp;Fed indicating that only 63% of US households could manage a sudden $2,000 bill. 
This is the lowest percentage since Q4 2015, as per an analysis by&nbsp;Apollo Global Management&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>). Moreover, total household debt increased by $93 billion in Q4, hitting a record $18 trillion. 
Small- and mid-cap stocks are also struggling, with the iShares S&amp;P Small-cap 600 Value ETF down 16% from its November peak and the S&amp;P MidCap 400 down 13% from its November high.
Companies like&nbsp;Walmart&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>),&nbsp;Target&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and&nbsp;FedEx&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) have reduced their guidance for the year, with approximately 70% of companies attributing potential negative outlooks this year to&nbsp;uncertainty around new policies and&nbsp;tariffs.
Finally, bond investors are factoring in a higher risk of companies defaulting&nbsp;in the coming years. Credit&nbsp;spreads have significantly increased in the past month, indicating investors&#8217; anticipation of a higher risk of corporate borrowers struggling to repay debt.
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Mid Cap

Recession Fears Escalate as Economists Identify Warning Signs: 'Will Materialize as Early as July'

Warren Buffett has made his annual March Madness bracket challenge for Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) employees <a href="https://www.benzinga.com/news/25/03/44211240/warren-buffett-on-debt-and-donald-trumps-money-moves-trump-never-went-right">easier to win this year</a>.
What Happened: The grand prize of $1 million is up for grabs for those who can accurately predict the&nbsp;winners of 30 out of&nbsp;the 32 first-round games of&nbsp;the NCAA&#8217;s March Madness men&#8217;s&nbsp;basketball tournament.
This year&#8217;s challenge offers a more attainable goal compared to last year, when employees had to perfectly predict the outcomes of all 32 first-round games.
Buffett, now 94 years old,&nbsp;<a href="https://www.wsj.com/sports/march-madness-tournament-bracket-warren-buffett-05f94416">told</a> The Wall Street Journal, "I'm getting older. I want to give away a million dollars to somebody while I'm still around as chairman."
Additionally, the challenge includes a $250,000 prize for the employee who predicts the most correct outcomes, should the grand prize go unclaimed. 
Also Read: <a href="https://www.benzinga.com/markets/25/01/42803589/warren-buffetts-advice-for-overpriced-stocks-zip-up-your-wallet-take-a-vacation-and-come-back-in-a-few-years-to-buy-stocks-at-cheap-prices" target="_blank" rel="noreferrer noopener">Warren Buffett's Advice for Overpriced Stocks: ‘Zip up Your Wallet, Take a Vacation, and Come Back in a Few Years To Buy Stocks at Cheap Prices'</a>
"You'd like to think one of them had a chance of winning every four years. That's what we've been kind of fumbling our way toward," he added. 
In 2016, Buffett offered a $1 million annual prize for an employee&#8217;s lifetime if they could perfect the&nbsp;bracket for the first two&nbsp;rounds. However, the grand prize remained unclaimed.
Why It Matters: Despite the eased conditions, winning the challenge is still a daunting task. The NCAA estimates the odds of accurately predicting every game&#8217;s outcome at a staggering 1 in 9.2 quintillion. 
Nonetheless, the revised rules have certainly increased the chances for Berkshire Hathaway employees to walk away with a significant cash prize, reflecting Buffett&#8217;s desire to reward his staff while he still holds the chairman&#8217;s position.
Read Next
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Management

Warren Buffett Eases Conditions for $1 Million March Madness Challenge: 'I Want To Give Away a Million Dollars to Somebody While I'm Still Around'

NBA legend&nbsp;Shaquille O&#8217;Neal&nbsp;reportedly made a $250,000 &#8220;accidental&#8221; investment in tech giant&nbsp;Google, which has now grown exponentially, contributing significantly to his current net worth.
What Happened: O&#8217;Neal, better known as Shaq, invested $250,000 in Google, which he later described as an &#8220;accident.&#8221; This investment has played a substantial role in boosting his estimated&nbsp;net worth of $500 million. 
While his NBA career earnings form a part of his wealth, his post-career investments account for a significant portion.
According to a report <a href="https://www.businessinsider.com/shaq-google-investment-regrets-not-buying-more-2020-3">by </a>Insider, in the book A-List Angels: How a Band of Actors, Artists, and Athletes Hacked Silicon Valley, author Zack O&#8217;Malley Greenburg recounted his conversations with Shaquille O&#8217;Neal about his investment strategy, including his early decision to invest in Google.
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Shaq made the investment in Google during the company&#8217;s early days and only realized&nbsp;the success of his investment&nbsp;upon&nbsp;reading about it in a&nbsp;newspaper. &#8220;The newspaper told me&nbsp;how much I made and&nbsp;I couldn&#8217;t believe it,&#8221; O&#8217;Neal said.
Greenburg recounts that Shaq was playing with some children at a restaurant when he happened to meet their father, who was a prominent investor.
&#8220;He said, &#8216;Shaq, I like you, I got something for you. It was presented to me, I knew it was gonna hit,&#8221; O&#8217;Neal said.
&#8220;And I said, &#8216;Wow, I&#8217;ll try it.&#8217; My only regret is that I wish I would have bought more,&#8221; he added
Although the exact timing of O&#8217;Neal&#8217;s investment is not known, if he had invested $250,000 and held onto all&nbsp;his shares, they would have&nbsp;been worth approximately $16.5 million on the date of Google&#8217;s 20th anniversary of its initial public offering.
Why It Matters: Shaq&#8217;s investment story serves as a testament to the potential of tech investments. His &#8220;accidental&#8221; investment in Google, one of the world&#8217;s largest tech companies, has yielded significant returns, demonstrating the power of strategic investment, even if unintentional. 
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Shaq Accidentally Invested $250,000 In This Company, Now Its Value Is Skyrocketing: 'My Only Regret, I Wish I Would Have Bought More'

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