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SunPower Corp is a solar technology and energy services provider that offers fully integrated solar, storage, and home energy solutions to customers in the United States and Canada through an array of hardware, software, and financing options and smart energy solutions. The company's sales channels include a network of both installing and noninstalling dealers and resellers that operate in residential and commercial markets as well as a group of in-house sales teams in each segment engaged in direct sales to end customers.

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President Donald Trump&#8216;s escalation of his tariff war with China has significantly disturbed the global economy.
What Happened: This week, Trump announced a 90-day pause on tariffs against most multiple countries, but simultaneously ramped up import taxes on China to a whopping 145 percent. In a countermove, China raised its own tariffs to 125 percent on Friday.
While Trump insists that China is keen to negotiate a deal, he remains uncertain about the process. On the other hand, Chinese leaders have put a cap on their latest tariff hikes, cautioning that the ongoing conflict could turn into a global economic farce.
The U.S. President&#8217;s strategy has raised questions about his ultimate goal and the potential economic repercussions of this escalating trade war. Trump is of the belief that the&nbsp;tariffs will reduce the trade&nbsp;deficit and bring back manufacturing jobs to the U.S.
"What's the endgame here? Are we really going to reshore manufacturing based in China? And if we're hitting every country on earth with additional tariffs, where are we going to see companies flee China to?" Marc Busch, a professor of international business diplomacy at Georgetown University <a href="https://thehill.com/homenews/administration/5245475-trump-tariff-battle-china/">told</a> The Hill. "They're not coming back to the United States, so what is the endgame here?"  
Also Read: <a href="https://www.benzinga.com/news/25/04/44658808/scaramucci-on-tariffs-there-is-stupid-and-then-there-is-donald-trump-stupid">Scaramucci on Tariffs: &#8216;There Is Stupid and Then There Is Donald Trump Stupid&#8217;</a>
On Wednesday,&nbsp;Trump announced the latest tariff&nbsp;hike on China, increasing it after imposing a&nbsp;104 percent rate that day.&nbsp;A White House official confirmed on Thursday that&nbsp;the rate is now 145&nbsp;percent on China, factoring in&nbsp;an additional 20 percent that&nbsp;includes sectors the reciprocal tariffs&nbsp;do not cover.
Trump also&nbsp;implemented a 90-day reprieve from&nbsp;the &#8220;Liberation Day&#8221;&nbsp;tariffs against all other trading&nbsp;partners, which brought immediate relief to the stock market. He attributed this decision to China&#8217;s disrespect towards the World&#8217;s Markets.
In response, China&#8217;s Ministry of Finance accused the U.S. of violating&nbsp;international economic and trade rules,&nbsp;and disregarding&nbsp;the post-World War II global&nbsp;economic order. Beijing then increased tariffs on U.S. goods to 125 percent on Friday and declared it would cease participating in the tariff hike exchange.
Why It Matters: Despite the ongoing conflict, the U.S. and China continue to be significant trading partners. In 2024, the&nbsp;two countries traded an estimated&nbsp;$582.4 billion,&nbsp;according to data from the&nbsp;U.S. trade representative&#8217;s&nbsp;office. 
The trade deficit with&nbsp;China was at $295.4 billion,&nbsp;up 5.8 percent from the&nbsp;previous year. This escalating trade war could have far-reaching implications for both economies and the global market at large.
Read Next
<a href="https://www.benzinga.com/news/25/04/44645172/china-retaliates-with-34-tariff-on-all-us-imports-urges-trump-to-immediately-cancel-the-tariffs-calls-for-negotiation">China Retaliates With 34% Tariff On All US Imports, Urges Trump To Immediately Cancel The Tariffs, Calls For Negotiation</a>
Shutterstock: Engineer studio

News

Politics

As Trump Intensifies Tariff War With China, Global Economy Feels the Tremors: 'What's the Endgame Here?'

In a surprising move, President Donald Trump has exempted a range of technology products, including some consumer electronics produced in China, from reciprocal tariffs.
What Happened: On late Friday, the Trump administration published a list of exclusions through the&nbsp;U.S. Customs and Border Protection,&nbsp;effectively reducing&nbsp;the scope of the levies.&nbsp;
The exclusions apply to smartphones,&nbsp;laptop computers, hard drives,&nbsp;and computer processors and memory&nbsp;chips, shielding them&nbsp;from Trump's 125% China tariff&nbsp;and his baseline 10% global&nbsp;tariff on nearly all other&nbsp;countries.
This decision brings significant relief to global tech giants like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), albeit potentially for a limited period, <a href="https://www.bloomberg.com/news/articles/2025-04-12/trump-exempts-phones-computers-chips-from-reciprocal-tariffs?srnd=homepage-americas&amp;sref=TBDibEcD">reports</a> Bloomberg.
However, this tariff relief may be temporary. The exclusions are part of the initial order, which aimed to prevent&nbsp;extra tariffs on certain sectors&nbsp;from cumulatively stacking&nbsp;on top of the country-wide&nbsp;rates. This suggests that these products could&nbsp;soon be subject to a&nbsp;different tariff, likely&nbsp;a lower one for China.
Also Read:&nbsp;<a href="https://www.benzinga.com/25/04/44652222/trumps-tariffs-may-shift-us-spending-from-goods-to-services-creating-uncertainty-for-ecommerce-and-advertising-industries-analyst-warns" target="_blank" rel="noreferrer noopener">Tariffs To Impact End Demand: Goldman Sachs Analyst Expects Drag On Corporate Spending, Hiring</a>
Notably, machines used to make semiconductors are also exempt from the new tariffs. This is significant news for companies like Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), which recently announced a major new investment in the US, as well as other chipmakers.
Despite this reprieve, the Trump administration&#8217;s 20% duty on China, imposed&nbsp;to pressure Beijing to crack&nbsp;down on fentanyl, including the&nbsp;shipment of precursor materials, remains in place.&nbsp;
Other previously existing levies, including&nbsp;those that predate Trump's current&nbsp;term, also appear unaffected.
Why It Matters: This tariff exemption is a significant development for the global tech industry, particularly for companies like Apple and Nvidia. 
The decision may provide temporary relief from the financial strain caused by the tariffs, potentially boosting their profit margins. 
However, the temporary nature of the reprieve suggests that the industry may need to brace for potential changes in the tariff landscape in the future.
Read Next
<a href="https://www.benzinga.com/markets/25/04/44656680/trumps-10-tariff-on-most-imports-is-finally-here-taking-effect-saturday">Trump&#8217;s 10% Tariff On Most Imports Is Finally Here, Taking Effect Saturday</a>
Shutterstock: nikkimeel

Markets

Tech

AAPL

NVDA

Trump Grants Tariff Reprieve to Tech – Including From China - In Surprise Move

In the midst of the global market sell-off triggered by President Donald Trump&#8216;s tariffs, Berkshire Hathaway CEO Warren Buffett has seen a significant increase in his net worth.
What Happened: Since the beginning of 2025, Buffett&#8217;s wealth&nbsp;has grown by $11.5 billion. The tariffs announcement led to substantial losses for investors globally. 
Despite this, Buffett&#8217;s net worth has risen to $154 billion, making him the world&#8217;s fourth-wealthiest person, according to Bloomberg&#8217;s Billionaires <a href="https://www.bloomberg.com/billionaires/">Index</a>.
The &#8220;Oracle of Omaha,&#8221; as Buffett is often referred to, had&nbsp;a record $334 billion in&nbsp;cash by&nbsp;the end of 2024, according&nbsp;to SEC filings. His conservative investment strategy, which involves holding&nbsp;a wide variety of stocks&nbsp;for extended periods, appears to have paid off amidst the current economic downturn.
While other billionaires, including&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk and&nbsp;Amazon&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos, have seen their net worth decrease, Buffett&#8217;s wealth has increased. 
This growth has led some investors to view Berkshire Hathaway as a relatively safe investment option during the market turmoil.
Why It Matters: Buffett&#8217;s long-term investment philosophy, patience, and diverse portfolio approach have been key factors in his financial success, even in challenging market conditions. His ability to grow his wealth amidst a global market sell-off underscores the effectiveness of his investment strategy. 
This growth in wealth, despite the market turmoil, highlights the potential value of a diversified, long-term investment approach.
Image via Shutterstock

Success Stories

AMZN

TSLA

Warren Buffett's Wealth Grows Even Amid Tariff War and Global Market Turmoil

The optimism that swept through the crypto space following President Donald Trump's election win has quickly collided with market reality. Once hailed as a champion of digital assets—vowing to make the U.S. the &#8220;crypto capital of the planet&#8221;—Trump's recent rollout of broad global tariffs has shaken investor confidence, sending shockwaves through both traditional and crypto markets.
Bitcoin, which surged to a record high of nearly $110,000 during the inauguration hype in January, has since retraced sharply, dropping over 10% to fall below the $78,000 mark.&nbsp;
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Often viewed as both a hedge against traditional finance and a speculative asset sensitive to liquidity flows, BTC now sits at a critical juncture. The charts are beginning to reflect the tension, with key technical levels taking shape that could dictate the next major move. In this piece, we'll break down the most important areas to watch on the Bitcoin chart and what they might tell us in the days and weeks ahead.
Monthly Chart
Zooming out is always important, as it provides a clearer picture of the overall direction of a market by reducing short-term noise. From the lows of November 2022 to the highs reached in January, Bitcoin surged by an impressive 611%.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135546/IMG_6918-1024x520.png" alt="" class="wp-image-866531" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135546/IMG_6918-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135546/IMG_6918-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135546/IMG_6918-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135546/IMG_6918-1536x780.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135546/IMG_6918.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: TradingView (User &amp; Screenshot &#8211; NoticeTrades)
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
What's important on the monthly chart is the current structure that has been forming since the 2022 bottom. The market has consistently maintained a higher low trend relative to previous swing lows.
Bitcoin is currently trading at $80,200 as of Tuesday, which is a crucial level to hold. This level represents the 50% retracement of $79,500 from the previous swing low to the all-time high. It serves as a natural support level where, as an investor or trader, you'd want to see demand.
Weekly Chart
Zooming in a little closer to the weekly timeframe, we can see more detail regarding the structure that formed the monthly swings.&nbsp;
As of the current price action, BTC is holding well above the 50 EMA, which aligns with the 50% retracement level of the overall trading range.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135603/IMG_6919-1024x520.png" alt="" class="wp-image-866532" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135603/IMG_6919-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135603/IMG_6919-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135603/IMG_6919-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135603/IMG_6919-1536x780.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135603/IMG_6919.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: TradingView (User &amp; Screenshot &#8211; NoticeTrades)
Areas to watch on the weekly chart include the 50 EMA and the strength around the current swing. For any continuation in the short to mid-term, price would need to form a higher low here.
If the price starts falling below the 50 EMA and continues the overall daily trend, which I will discuss in the next section, we can expect a move down towards the November low.
If the price starts falling below the 50 EMA and continues the overall daily trend, which I will discuss in the next section, we can expect a move down towards the November low.
See Also: <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.
Daily Chart
Since mid-January, Bitcoin has been in a bearish market—characterized by the market attacking lows and leaving behind protected highs, which are lower highs. On Sunday, Bitcoin made a run toward the swing low around $76,500 but failed to close below it, which could be a potential sign of strength or demand.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135616/IMG_6920-1024x520.png" alt="" class="wp-image-866534" style="width:1124px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135616/IMG_6920-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135616/IMG_6920-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135616/IMG_6920-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135616/IMG_6920-1536x780.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10135616/IMG_6920.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: TradingView (User &amp; Screenshot &#8211; NoticeTrades)
What is key to watch here on the daily chart?&nbsp;
Since the trend is still bearish, the first detail to look for is a break above a lower high to indicate a potential shift in trend. That level is currently at $88,000. You would want to see price move above the range highs and not reject, as the market did during the inauguration.
The potential bull case still stands in my view as long as Bitcoin continues to show relative strength above the Election/November low. However, as mentioned, if the price breaks below the 50 EMA on the weekly, I'd expect that to be the next downside target before any sort of high-time-frame bounce.
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Personal Finance

Bitcoin Outlook: Key Levels You Need to Watch Amid Economic Uncertainty

<a href="https://www.benzinga.com/etfs">ETFs tracking the U.S. dollar</a> are gaining investor attention as the greenback faces increased pressure amid increasing global trade tensions and indications of a weakening U.S. economy. As sentiment turns bearish at a record pace, ETFs such as Invesco DB U.S. Dollar Index Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), Invesco DB U.S. Dollar Index Bearish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDN#NYSE">UDN</a>), and WisdomTree Bloomberg U.S. Dollar Bullish Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USDU#NYSE">USDU</a>) are becoming crucial tools for investors trying to deal with the volatility.
Also Read: <a href="https://www.benzinga.com/news/treasuries/25/04/44774759/from-boring-to-booming-how-treasury-etfs-are-beating-the-bear">From Boring To Booming: How Treasury ETFs Are Beating The Bear</a>
The most popular dollar ETF is UUP, which provides exposure to the greenback versus a basket of currencies including the euro, yen, and pound. It&#8217;s constructed to profit when the dollar rises — but has underperformed in recent days as bearishness sets in, dipping 3% in the past month.
For those investors seeking to benefit from a falling dollar, the UDN provides inverse exposure to the same basket. UDN benefits when the dollar falls, and recent price action indicates that the tide may be shifting in its direction. The fund has gained 3.8% in the past month.
At the same time, the USDU offers a wider, more dynamic exposure, such as the Chinese yuan, Mexican peso, and South Korean won. This may interest investors looking for more diversified currency exposure as the global trade environment evolves. However, the fund has lost about 2% in the past four weeks as currencies across the world remained volatile.
These ETFs are being used more and more to take views on the dollar&#8217;s path — and for good reason.
The greenback is no longer on a high horse. A Bloomberg dollar <a href="https://www.bloomberg.com/news/articles/2025-04-11/dollar-emerges-as-latest-victim-of-this-week-s-markets-mayhem?sref=TBDibEcD">gauge </a>plunged to a new six-month low on Friday after China struck back in the trade war, hiking levies on all U.S. imports from 84% to 125% from April 12. That news alone would be sufficient to spook markets — but it was followed by figures that the U.S. wholesale prices declined by the largest amount since 2023, indicating that inflation is still muted at the very moment that tariffs are poised to push prices higher.
The spillover was prompt. Options investors went short on the dollar for the first time in half a decade, while a Z-score measure — tracking how far the current positioning departs from historic standards — marked the steepest shift in sentiment ever recorded, according to Bloomberg. One-month risk reversals inverted in favor of downside protection in the dollar, confirming the narrative that investors are dumping ingrained perceptions about the greenback as a refuge asset.
Also Read: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44772011/gold-miners-go-parabolic-gdx-hits-2012-highs-newmont-soars-9">Gold Miners Go Parabolic: GDX Hits 2012 Highs, Newmont Soars 9%</a>
Markets across the board are getting hit. The S&amp;P 500 dropped 3.5% on Thursday, long-term Treasuries declined, and traders are now pricing in almost 90 basis points of Fed rate reductions for the year. Although the S&amp;P 500 closed 1.8% higher on Friday, the heat is building in the market with pressure on the Federal Reserve to respond to tariffs compressing growth and inflation cooling. Policymakers may have no other choice but to loosen.
The dollar&#8217;s largest decline in over two years highlights just how rapidly investor attitude can change — and for those who want to hedge currency exposure or bet on additional swings, dollar ETFs are becoming more and more the instrument of choice.
Read Next: 
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<li><a href="https://www.benzinga.com/25/04/44774499/wall-street-panic-extends-to-main-street-as-us-china-trade-war-escalates-bond-vigilantes-make-a-comeback-this-week-in-markets">Wall Street Panic Extends To Main Street As US-China Trade War Escalates, Bond Vigilantes Make A Comeback: This Week In Markets</a></li>
</ul>
Shutterstock: Aksana Mestnaya

Currency ETFs

ETFs

PowerShares DB US Dollar Index Bearish Fund

USDU

PowerShares DB US Dollar Index Bullish Fund

Greenback On The Brink: The Dollar ETFs Everyone's Watching

Rudy Giuliani has expressed dissatisfaction with the FBI and the Justice Department even under President Donald Trump.
What Happened: The former New York mayor and Trump attorney voiced his discontent with certain decisions made by FBI Director Kash Patel and Attorney General Pam Bondi. He expressed frustration over his unheeded attempts to seek explanations. This comes as a surprise, considering the changes implemented during the Trump administration.
In a dialogue with conservative commentator Eric Bolling on X, Giuliani said, &#8220;I want to know why. They say there&#8217;s an explanation for it. It better be damn good.&#8221; The conversation was initiated by Bolling, referring to a civil case where Giuliani was accused of defaming two election workers from Georgia.
Giuliani also expressed his displeasure with the treatment of his associates Steve Bannon and Peter Navarro. He questioned the FBI&#8217;s decision to appoint a person who had previously targeted Catholics and J6 people in the Justice Department to head the FBI&#8217;s Washington office.
<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 few great minutes with AMERICA's Mayor <a href="https://twitter.com/RudyGiuliani?ref_src=twsrc%5Etfw">@RudyGiuliani</a> <a href="https://t.co/ZkokBjmVFN">pic.twitter.com/ZkokBjmVFN</a>
&mdash; &#x1f1fa;&#x1f1f8; ERIC BOLLING &#x1f1fa;&#x1f1f8; (@ericbolling) <a href="https://twitter.com/ericbolling/status/1910826542919188499?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
When asked about his opinion on the performance of Bondi and Patel, Giuliani responded, &#8220;I, up until now, I was over the top enthusiastic, particularly by the Justice Department. So I&#8217;m going to assume there&#8217;s a reason for this that I don&#8217;t know.&#8221;
Also Read: <a href="https://www.benzinga.com/news/25/02/43902918/elon-musk-demands-federal-workers-justify-their-jobs-fbis-kash-patel-tells-employees-not-to-respond">Elon Musk Demands Federal Workers Justify Their Jobs — FBI&#8217;s Kash Patel Tells Employees Not To Respond</a>
&#8220;And I'm very upset now because Kash Patel and Pam Bondi have taken one of the people that was running the unit going after Catholics in the Justice Department, and also going after J6 people, and put them in charge of the Washington office of the FBI,&#8221; he added. 
Why It Matters: Giuliani&#8217;s criticism of the FBI and Justice Department, despite the changes under the Trump administration, raises questions about the effectiveness of these changes. His dissatisfaction with the treatment of his friends and the personnel decisions made by Patel and Bondi could potentially shed light on internal conflicts within these institutions. 
This development could have implications for the public&#8217;s perception of the FBI and Justice Department, and their ability to effectively carry out their mandates.
Read Next
<a href="https://www.benzinga.com/news/25/03/44211240/warren-buffett-on-debt-and-donald-trumps-money-moves-trump-never-went-right">Warren Buffett on Debt and Donald Trump&#8217;s Money Moves: Trump &#8216;Never Went Right</a>
Shutterstock: Matt Smith Photographer

Giuliani Criticizes Trump's DOJ and FBI: 'I'm Very Upset Right Now'

Bill Ackman has outperformed the stock market over the past five years with Pershing Square Capital Management. The hedge fund chief was an advocate for Donald Trump during the campaign but doesn't agree with the president's stance on tariffs.
Stock market participants have been fleeing the market amid tariffs. The president's reciprocal tariffs scared investors the most, causing the Nasdaq Composite to plunge by more than 10% from between April 2 and Friday.&nbsp;
"When markets crash, new investments stop, [and] consumers stop spending money," Ackman said in an <a href="https://x.com/BillAckman/status/1908992002366292286">X post</a>.
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</ul>
<h2 class="wp-block-heading">The Country Has Been Disadvantaged For Too Long&nbsp;</h2>
Ackman started his X post by asserting that the U.S. has been taken advantage of for too long. He is a fan of tariffs and likes that Trump elevated the issue. He also wrote that other nations have used tariffs to protect their home industries at the cost of American jobs.
The U.S. has used tariffs before Trump, and some of them are recent. For instance, the Biden administration imposed a <a href="https://www.utilitydive.com/news/joe-biden-china-tariff-hikes-ev-battery-semiconductor-final/727014/">100% tariff on electric vehicles</a> and a 25% tariff on lithium-ion batteries.&nbsp;
Tariffs can protect certain industries and workers. Ackman believes that leveraging tariffs can strengthen the country and likes a moderate approach.
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<h2 class="wp-block-heading">Global Economic Warfare</h2>
Ackman changed his tune when he saw the blanket reciprocal tariff rates spread across allies and adversaries. He believes tariffing every country can make the U.S. a less reliable trading partner and prompt international businesses to avoid the U.S. He proposed that Trump call a 90-day timeout to avoid economic carnage.&nbsp;
"Business investments will grind to a halt, consumers will close their wallets and pocketbooks, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate," Ackman explained.&nbsp;
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>
<h2 class="wp-block-heading">A Whirlwind Of Action Has X Divided</h2>
Trump has moved swiftly since reclaiming the Oval Office. He isn't taking a gradual approach and has filled the stock market with uncertainty. While Ackman is worried about high tariffs, some of the people who replied to his X post didn't feel the same way.
"Over 50 countries have requested to speak to Pres Trump about lowering or eliminating their tariffs on the USA. It's working. He knows what he's doing," one user replied.
"The vast majority of Americans – especially the 90% who aren't invested in the stock market – aren't concerned with the temporary discomfort your elite class might experience," another user replied.
However, some users were quick to criticize Trump and Ackman.
"Trump is doing what Trump promised to do. You and others supported him all the way. It's too late to jump out of the moving train now," one X user replied to the post.
"Not getting around that one. Go look in the mirror and realize what you have done," another X user replied, referencing Ackman's enthusiasm toward Trump during the campaign.
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Bill Ackman Issues Stark Warning About Tariffs: 'When Markets Crash, New Investments Stop, Consumers Stop Spending Money'

<ul>
<li>An entity partly controlled by Eric Trump may be selling its Ethereum holdings despite his infamous buy the dip post in February.</li>
<li>The reported sale has sparked a flurry of reactions online.</li>
<li>Eric&#8217;s father is partially responsible for the hit to his fledgling career as a market punter.</li>
</ul>
Two months ago, Eric Trump took to X to make a post that has become a meme in cryptocurrency circles.
&#8220;In my opinion, it&#8217;s a great time to add ETH. You can thank me later,&#8221; he <a href="https://x.com/EricTrump/status/1886541132903133230?t=sEcPCKaJk4KxTdyxVOD5RA&amp;s=19">wrote</a>. At the time, the asset had just fallen below the psychologically important $3,000 price level and appeared to be struggling to make a comeback as it traded near $2,900.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44652091/if-you-had-invested-in-ethereum-when-eric-trump-said-its-a-great-time-youd-be-down-39">As has been frequently reported</a>, this comeback did not materialize despite Eric&#8217;s recommendation, and now, with a further 48% decline, he may be eating his own words.
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<h2 class="wp-block-heading">World Liberty Financial Cutting Ethereum Losses?</h2>
An entity partly controlled by Eric may be selling its Ethereum holdings despite his infamous buy the dip post in February.
On Wednesday, crypto smart money tracker Lookonchain <a href="https://x.com/lookonchain/status/1909782070618210423?t=RXunFUn_fdUrt7EU8T6Vxw&amp;s=19">flagged</a> a transaction from an address <a href="https://intel.arkm.com/explorer/address/0x77a56647fba0eb60abb7395574Cded565F6F94F6">labeled</a> World Liberty Financial on Arkham Intelligence. It suggested that the decentralized finance project taken over by a Trump family firm partly controlled by Eric was dumping its Ethereum holdings at a loss.
Specifically, the address sold nearly 5,500 ETH for $8 million at an average price of $1,465 per coin. The reported sale comes at a potential 55% loss to World Liberty Financial, which accumulated 67,498 coins for $210 million at an average price of $3,259, a stash now $125 million in the red.
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Neither World Liberty Financial nor Arkham Intelligence immediately responded to requests for comment by Benzinga.&nbsp;
The Lookonchain report has sparked a flurry of reactions online, with many unable to avoid pointing out the irony in light of Eric&#8217;s February statements.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Well, did you? <a href="https://t.co/en7jAdQJU3">https://t.co/en7jAdQJU3</a> <a href="https://t.co/a05G7rgc0T">pic.twitter.com/a05G7rgc0T</a>
&mdash; CryptoAmsterdam (@damskotrades) <a href="https://twitter.com/damskotrades/status/1909873435829817642?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The situation is perhaps made more ironic by the fact that Eric&#8217;s father, President Donald Trump, is partially responsible for the hit to his fledgling career as a market punter.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.
<h2 class="wp-block-heading">Trump Tariffs Weighing On Markets</h2>
Over the past few weeks, President Trump has implemented <a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value">aggressive tariff policies</a> that have culminated in a trade war that has seen the U.S. <a href="https://www.benzinga.com/markets/equities/25/04/44704005/trumps-104-tariff-on-chinese-imports-sends-stock-futures-plunging-dow-falls-over-500-points">place a 104% tariff on China</a>, with the latter <a href="https://www.benzinga.com/25/04/44708618/china-retaliates-with-massive-84-tariff-hike-on-us-goods-amid-escalating-trade-war">retaliating with a levy of 84%</a>.
The resulting uncertainty has tanked global markets, including the cryptocurrency market. The S&amp;P 500 is flirting with bear market territory, at one point dropping as much as 20% below its all-time high. The Nasdaq is firmly in bear market territory at 22% below its February record. Bitcoin, the cryptocurrency market leader, has fallen as much as 32% below its January all-time high.
As such, a near-term reversal in Eric&#8217;s fortunes will likely hinge on a shift in his father&#8217;s policies, which seems unlikely.
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Trump Family Now Reportedly Selling Ethereum At A Loss 2 Months After Eric Said 'It's A Great Time To Add ETH'

The Tesla Cybertruck may be polarizing among adults, but it <a href="https://www.benzinga.com/markets/25/03/44346155/trumps-tesla-shoutout-falls-flat-no-spike-in-orders-or-inventory-movement">is a hit among children</a>.
What Happened: Children are enamored with the Cybertruck, the brainchild of Elon Musk and his company Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The vehicle has been at the center of public opinion, with some owners facing vandalism and negative reactions due to its association with Musk and his controversial stances.
However, for kids, the Cybertruck is a source of fascination. The truck&#8217;s distinctive and rare design is a head-turner, especially for a demographic that finds excitement in the unique and the extraordinary. Parents have noted their children&#8217;s obsession with the vehicle, with some kids even creating Cybertruck-themed art.
According to a report <a href="https://www.businessinsider.com/tesla-cybertruck-kids-love-elon-musk-2025-4">by</a> Insider, despite Musk&#8217;s controversial image, children are intrigued by the billionaire who makes rockets and cool-looking cars. The concept that Musk is a controversial figure due to his political opinions and role in DOGE is not something easily explained to a small child.
At the same time, trying to explain why Elon Musk is considered controversial—whether due to his political views or involvement with DOGE—isn't exactly something you can easily break down for a young child.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/09/40971831/putin-ally-who-unveiled-tesla-cybertruck-with-machine-gun-last-month-now-says-elon-musk-remotely-dis" target="_blank" rel="noreferrer noopener">Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Last Month Now Says Elon Musk ‘Remotely Disabled' The Militarized EV</a>
Even parents who are not fans of Musk or the Cybertruck have observed their children&#8217;s fascination with the vehicle. The market has responded with a variety of Cybertruck-themed toys and books, further fueling the interest among kids.
Not long ago, Musk was widely seen as an inspiring, uncontroversial figure in STEM—someone kids could look up to. But his growing involvement in politics, especially around the 2024 election, and his continued promotion of Dogecoin, have shifted public perception. 
As noted in Nate Silver&#8216;s Silver <a href="https://www.natesilver.net/p/elon-musk-polls-popularity-nate-silver-bulletin">Bulletin</a>, Musk's favorability took a significant hit last summer, flipping from positive to negative. Today, he&#8217;s facing record-low approval, with 53.5% of respondents viewing him unfavorably.
Why It Matters: While the Cybertruck may be a symbol of controversy for adults, for children, it represents a cool-looking car that sparks their imagination and curiosity. 
This fascination among the younger generation could potentially translate into a future consumer base for Tesla. As these children grow up, their early interest in the Cybertruck could influence their vehicle purchases in the future. 
Furthermore, the market response in creating Cybertruck-themed toys and books indicates a potential for ancillary revenue streams tied to the vehicle&#8217;s design and popularity.
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<a href="https://www.benzinga.com/news/25/03/44348055/anti-musk-protester-vandalizes-tesla-cybertruck-with-swastika-shocking-jewish-owner">Anti-Musk Protester Vandalizes Tesla Cybertruck With Swastika, Shocking Jewish Owner</a>
Shutterstock: Iv-olga

Elon Musk's Cybertruck Is Controversial, But Kids Love It

A 52-year-old man recently called into "The Ramsey Show" to discuss the $12,000 in credit card debt that he has accumulated on 27 credit cards. Host Dave Ramsey specializes in helping people get out of debt, and he told the caller to take <a href="https://www.youtube.com/watch?v=4PqkWwmPQTI">drastic action</a>.
"Chop them all up. Every one of them," Ramsey said of the credit cards. Ramsey explained that the caller should cut up his credit cards.&nbsp;
It may sound dramatic, but the caller has to get focused like his life depends on it. That's how Ramsey sees it. Getting your finances right creates more opportunities, but being in credit card debt for too long makes it much harder to invest money and build the long-term wealth that you need to retire when you are ready.
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Ramsey also shared some strategies for getting out of credit card debt. While these suggestions specifically cater to the caller, anyone can use these tactics to trim their credit card balances.&nbsp;
<h2 class="wp-block-heading">Stop The Bleeding</h2>
Ramsey first recommends that the caller stop the bleeding by not using his credit cards anymore. Ramsey believes that the caller can get out of debt in a few months, and it is plausible. The caller has $12,000 in credit card debt and earns $200,000 per year.&nbsp;
Ramsey tried to pinpoint if the caller had any vices that resulted in the debt despite having a high salary. The caller mentioned a $4,000 electric lawn mower but was reluctant to give any information. It came out later in the call that the 52-year-old man provides financial support for his ex. The caller said he gives $15,000 in support to his ex each year, but Ramsey assumed it was more. He told the caller to stop giving money to the ex and focus exclusively on the children.
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<h2 class="wp-block-heading">Write A Detailed Budget</h2>
Ramsey also told the caller to write a detailed budget. This advice was especially useful since the caller had a fuzzy idea of how he was spending his money. It's possible that the caller knows how he is allocating money but wants to keep some of that information private.
A clear budget defines how you will spend your money. However, it also establishes how you will not spend money. Ramsey said that if it's not on your budget, you can't spend money on it. While sticking to a budget requires discipline, it's very rewarding. The caller should be able to pay off $12,000 quickly if he minimizes expenses and maintains a $200,000 annual salary.&nbsp;
Ramsey alluded to this by saying that the real problem is that the caller has no idea where the money is going. Knowing how you spend money can give you the necessary clarity to make key changes in your finances that translate into lower debt.
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<h2 class="wp-block-heading">Build Up The Bank Accounts</h2>
The caller mentioned that he has no money in his savings or checking accounts. While he makes a good salary, having nothing in your bank accounts or investments makes you more vulnerable when you are ready to retire.
Some people realize this fact in their 60s and 70s when it is more difficult to switch course. Once the caller gets out of credit card debt, he should make it a priority to build up his bank accounts. That way, he can start accumulating a nest egg instead of having limited options when he retires.
Ramsey believes in having an emergency fund that can cover three to six months of living expenses. Then, the caller can decide to continue building the emergency fund or put the extra cash into assets.&nbsp;
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A 52-Year-Old Man Who Owes Money On 27 Credit Cards Gets An Ultimatum From Dave Ramsey: 'Chop Them All Up. Every One Of Them'

<ul>
<li>JAN3 CEO Samson Mow believes that Tether is set to surpass Ethereum in market capitalization.</li>
<li>The gap in the market capitalization of Tether and Ethereum has been rapidly narrowing.</li>
<li>Tether is not the only asset that has been tipped to flip Ethereum.</li>
</ul>
Once gushed over and tipped to usurp Bitcoin because of its programmability, Ethereum now faces what at least one analyst <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44356017/standard-chartered-lowers-ethereum-price-target-to-4000-heres-why-a-coinbase-blockchain-is-to-blame">has dubbed a &#8220;midlife crisis.&#8221;</a> Amid a lack of a definitive investment thesis, its native token, ETH, has grossly underperformed the competition.
Now, the would-be Bitcoin usurper risks ceding ground to an unlikely contender.
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<h2 class="wp-block-heading">Tether Closing In On Ethereum?</h2>
JAN3 CEO Samson Mow believes that Tether is set to surpass Ethereum in market capitalization.
&#8220;Tether will flip Ethereum this year,&#8221; Mow <a href="https://x.com/Excellion/status/1886858954028015644?t=io3TGfVilUVYGnr-cKa9xw&amp;s=19">asserted</a> in an X post on Feb. 4 as Tether hit $140 billion in market capitalization.
On Wednesday, he shared this view again, <a href="https://x.com/Excellion/status/1909851227820523922?t=s-hbvCr_O9FjHNac4q06Pg&amp;s=19">adding</a> &#8220;Getting closer,&#8221; as he showed a screenshot of market capitalization rankings that showed only a $32 billion gap between Ethereum and Tether, with market capitalizations of $175.62 billion and $143.91 billion, respectively planets away from Bitcoin&#8217;s $1.52 trillion.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Getting closer. <a href="https://t.co/pkF4ZJNgwi">https://t.co/pkF4ZJNgwi</a> <a href="https://t.co/mkipPl3Jif">pic.twitter.com/mkipPl3Jif</a>
&mdash; Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1909851227820523922?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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While Mow&#8217;s prediction of Tether overtaking Ethereum in the cryptocurrency asset rankings is likely driven by some level of schadenfreude as a Bitcoin maximalist, he is not the only one considering the possibility. The idea has taken root in the cryptocurrency subreddit.
One Redditor <a href="https://www.reddit.com/r/CryptoCurrency/s/443y5hxzwh">stressed</a> the possibility by highlighting the decline in several key Ethereum metrics even as USDT adoption grows.
&#8220;ETH dominance is near multi-year lows. DeFi TVL is stagnating, NFT volumes are down, and gas fees are no longer a meaningful moat. Tether, ironically, has become the most used asset across chains. If ETH can&#8217;t reclaim narrative dominance soon, a USDT flippening could signal a deeper shift in crypto capital flows-away from smart contract risk and toward dollar-denominated stability,&#8221; the Redditor wrote.
Another Redditor, in a more highly engaged <a href="https://www.reddit.com/r/CryptoCurrency/s/fql9GfWHDu">post</a>, highlighted the narrowing gap between Ethereum and Tether, describing it as &#8220;The Flippening nobody wanted to see.&#8221;
But Tether may not be the only asset in the running to flip Ethereum.
See Also: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">Standard Chartered Backs XRP</h2>
On Tuesday, Standard Chartered Head of Digital Assets Research Geoffrey Kendrick backed XRP, the native token of the XRP Ledger associated with blockchain payments firm Ripple, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44708153/xrp-will-overtake-ethereum-by-2028-standard-chartered">to eventually surpass Ethereum</a>.
&#8220;By the end of 2028 we see XRP&#8217;s market cap overtaking Ethereum&#8217;s. That will make XRP the second largest (non-stablecoin) Digital Asset at that time,&#8221; Kendrick wrote.
The view comes from the firm expecting XRP to benefit from an anticipated rise in the adoption of cryptocurrencies for cross-border payments and a potential tokenization push from Ripple. On the other hand, the firm has tipped Ethereum to continue to underperform the market amid perceived value extraction by Layer 2 chains.&nbsp;
At the time, Kendrick argued that a reversal in Ethereum&#8217;s outlook would require a shift in policy from the Ethereum Foundation.
&#8220;Only a proactive change of commercial direction from the Ethereum Foundation &#8211; such as taxing layer 2s &#8211; could achieve that now, in our view. We see this as unlikely,&#8221; he wrote.
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Will Tether Flip Ethereum This Year? JAN3 CEO Samson Mow Says Yes As Market Cap Gap Narrows

In the midst of a wider cryptocurrency market recovery, the burn rate of Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has seen a dramatic increase of 580%.
What Happened: A significant rise in the burn rate and price of the Shiba Inu token, despite a decrease in volume.&nbsp;Data from blockchain tracking firm&nbsp;Shibburn indicates a 580.28% increase in SHIB&#8217;s&nbsp;burn rate over the last&nbsp;day.
This surge coincides with a 4.27% increase in the overall crypto market capitalization. SHIB&#8217;s price has also followed this upward trend, rising by 5.89% during the same period.
The SHIB team reportedly burned 16,607,692 SHIB in the last 24 hours, a 590.19% increase from the previous day. This token burning strategy is designed&nbsp;to reduce the circulating supply&nbsp;and create scarcity.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> Price: $0.0000122 (1hr 0.08% ▲ &#x7C; 24hr 5.46% ▲ ) Market Cap: $7,187,116,903 (5.68% ▲) Total Supply: 589,252,243,610,998 TOKENS BURNT Past 24Hrs: 16,607,692 (580.28% ▲) Past 7 Days: 79,148,012 (-57.86% ▼)
&mdash; Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1910784968483115202?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote>
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However, despite the daily increase, SHIB&#8217;s weekly burn rate has seen a significant decline. The data shows&nbsp;a 57.86% drop compared to&nbsp;the previous week. The&nbsp;sudden jump in the burn&nbsp;rate is speculated to be a move by the SHIB team&nbsp;to restore investor confidence and&nbsp;fuel bullish momentum.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44348135/shiba-inus-burn-rate-soars-removing-505-million-tokens-from-circulation">Shiba Inu&#8217;s Burn Rate Soars, Removing 505 Million Tokens From Circulation</a>
Despite the increase in SHIB&#8217;s burn rate and price, its trading volume remains low, which has raised&nbsp;concerns among investors. <a href="https://coinmarketcap.com/currencies/shiba-inu/">Data </a>from&nbsp;CoinMarketCap shows a significant slump of 21.54% in SHIB&#8217;s trading volume as of April 11.
Why It Matters: The increase in SHIB&#8217;s burn rate comes at a time when the cryptocurrency market is experiencing a rebound. This could be a strategic move by the SHIB team to capitalize on the market&#8217;s upward trend and stimulate further growth. 
However, the decrease in trading volume could be a cause for concern, as it may indicate a lack of investor interest or confidence in the token. 
The SHIB team&#8217;s decision to increase the burn rate could be an attempt to counteract this and stimulate demand by creating scarcity.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935252/shiba-inu-burns-skyrocket-by-300-amid-calls-for-larger-burns-from-shib-army" target="_blank" rel="noreferrer noopener">Shiba Inu Burns Skyrocket by 300% Amid Calls for Larger Burns From SHIB Army</a>
Image via Shutterstock

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

Cryptocurrency

$SHIB

Shiba Inu's Burn Rate Skyrockets 580% as Cryptocurrency Market Rebounds

At 35, Aubrey Bertram was looking forward to a major financial milestone: erasing more than $247,000 in student loan debt. But with just 29 months left until forgiveness, her progress has come to a halt.
According to <a href="https://www.nbcnews.com/business/personal-finance/35-year-old-was-29-months-away-getting-247804-student-debt-forgiven-no-rcna199358">NBC News</a>, Bertram, a staff attorney at nonprofit land conservation organization Wild Montana, was working toward loan cancellation through the Public Service Loan Forgiveness program. She had carefully mapped out her career to qualify for the program, which forgives remaining federal student loan balances for government and nonprofit workers after 10 years of qualifying payments.
Now, like millions of other borrowers, she's stuck in limbo.
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<h2 class="wp-block-heading">Loan Forgiveness Timeline Put on Pause</h2>
Bertram had enrolled in the Biden-era SAVE plan — Saving on a Valuable Education — which was designed to lower monthly payments and offer a clearer path to forgiveness. But legal challenges led by Republican states resulted in a federal court <a href="https://www.benzinga.com/government/24/07/39849095/appeals-court-blocks-bidens-save-student-loan-debt-relief-plan">blocking the SAVE plan</a> last year.&nbsp;
Unlike the pause during the COVID-19 pandemic, this current forbearance doesn't count toward forgiveness under PSLF or other income-driven repayment plans. That means time is passing, but Bertram and others like her aren't getting any closer to their debt being wiped away.
"In the end, we may see borrowers lose over a year of monthly payments to count toward forgiveness," said Elaine Rubin of Edvisors, an organization that helps students understand college financing.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">What Borrowers Can Do Now</h2>
While SAVE is frozen, the <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">U.S. Department of Education</a> has reopened applications for several older IDR plans. These include:
<ul>
<li>Income-Based Repayment, IBR </li>
<li>Pay As You Earn, PAYE</li>
<li>Income-Contingent Repayment, ICR</li>
<li></li>
</ul>
However, there's a catch. Scott Buchanan, executive director of the Student Loan Servicing Alliance, told NBC News that automatic forgiveness after 20 or 25 years may not apply to these plans under current legal interpretations. Still, borrowers in these plans can continue to make progress toward PSLF if they qualify.
Additionally, past payments made under one IDR plan can count toward forgiveness in another — for example, switching from ICR to IBR — as long as eligibility criteria are met.
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">Staying Put or Switching Plans?</h2>
Bertram has chosen to stay in the SAVE forbearance for now, despite the fact that it isn't helping her move toward forgiveness. She's concerned that switching to another plan could result in even more uncertainty.
"You're constantly being jerked around by political rhetoric," Bertram said. "I just hope I'm student-debt free before I'm 40."
<h2 class="wp-block-heading">How to Evaluate Your Options</h2>
If you&#8217;re one of the many borrowers affected by the freeze, experts suggest reviewing your options with care. Tools from the Department of Education and nonprofit resources can help estimate monthly payments under different plans. PSLF-eligible borrowers should confirm that their employer qualifies and keep detailed records of payments.
The legal landscape for <a href="https://www.benzinga.com/personal-finance/25/02/43622327/u-s-student-loan-debt-hits-2-19-trillion-heres-why-experts-say-borrowers-shouldnt-panic-yet">student debt</a> is changing rapidly. For borrowers like Bertram, the hope is that stability — and forgiveness — will arrive sooner rather than later.
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She Was 29 Months From Erasing $247K In Student Debt – Now Her Forgiveness Is Frozen

Adaptive Security, a New York-based cybersecurity firm, has successfully raised $43 million in a Series A funding round. According to<a href="https://www.msn.com/en-us/money/smallbusiness/why-openai-and-andreessen-horowitz-just-bet-43-million-on-this-little-known-startup/ar-AA1Cmvds"> Inc.</a>, this round was co-led by <a href="https://www.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">OpenAI</a>&#8216;s Startup Fund and <a href="https://www.benzinga.com/startups/24/08/40221033/peter-thiel-launched-j-d-vances-venture-capital-career-but-a-former-colleague-says-he-was-rarely-in">venture capital</a> firm Andreessen Horowitz, marking OpenAI&#8217;s inaugural investment in the cybersecurity sector.
Other participants included Abstract Ventures, Eniac Ventures, CrossBeam Ventures, and K5, along with executives from companies such as Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)), Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), Plaid, and Paxos.
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<h2 class="wp-block-heading">A Strategic $43M Investment in Cyber Defense</h2>
Adaptive Security was founded after its creators recognized the growing threat of AI-enabled cyber attacks. The startup is creating a new AI-native defense platform that will enable enterprises to proactively detect, protect against, and respond to advanced threats, such as deep fake social engineering.
The program uses AI to scan and flag fraudulent-looking messages by assigning them risk levels and alerting company security teams. Adaptive Security also preemptively tests employees with simulated phishing attacks via AI-generated emails, text messages, and voice calls, offering personalized training if they fall for the simulated phishing attempts.
Brian Long, co-founder and CEO of Adaptive Security, emphasized the company&#8217;s mission on the startup&#8217;s official site: &#8220;Adaptive's mission is to protect people from AI-powered cyber attacks. Over the next decade, we will work tirelessly to stay one step ahead of attackers with enhanced features, new products, and scale to every business globally.&#8221;
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This investment is all the more notable as it involves OpenAI, a pioneer in AI research and deployment. This collaboration shows a broader recognition in the industry when it comes to the importance of strong cybersecurity measures, especially since the pace of development around AI increased. Adaptive Security&#8217;s platform is designed to stay one step ahead of malicious actors who use AI increasingly to carry out sophisticated cyber attacks.
Adaptive Security was publicly launched in January and has since signed over 100 customers, <a href="https://techcrunch.com/2025/04/03/openai-just-made-its-first-cybersecurity-investment/">TechCrunch</a> wrote. According to Inc., some of the early adopters include Podium, First State Bank, the Dallas Mavericks, and BMC.
Word of how well this pilot project went spread, and that was a big factor in attracting OpenAI&#8217;s attention and subsequent investment. The fresh capital will be used to expand the engineering team, whose goal is to enhance the platform to better defend against new AI-powered cyber attacks.
See Also: <a href="https://www.benzinga.com/money/vatom-adv">Invest in the Future of Digital Engagement. Own a Piece of the $100 Billion Metaverse Today for Just $500.</a>
<h2 class="wp-block-heading">What the Investment Means for Adaptive Security's Future</h2>
Cybersecurity is undergoing a paradigm shift with cybercriminals using generative AI to enhance the scale and sophistication of their attacks. Such advanced threats are often beyond traditional security solutions.
Adaptive Security&#8217;s ingenious approach addresses this gap by identifying and handling threats and by strengthening the human element within organizations through specific training and simulations.
Having Andreessen Horowitz on board also proves the startup can set a new bar in the cybersecurity sector. Adaptive Security&#8217;s mission aligns with the venture capital firm's commitment to paving the way for impactful technology portfolio startups. Together, these two forces can drive the development and deployment of the solutions that will protect businesses from the next generation of cyber threats. ​
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OpenAI And Andreessen Horowitz Lead $43M Round For Cybersecurity Startup Taking On AI Scammers, Deepfakes, And Voice Spoofs

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.
President Donald Trump's hold on global tariffs but imposition of a 145% levy on Chinese imports led to significant market volatility and eroding confidence in the dollar and Treasuries this week. The 30-year Treasury yield briefly reached 5%, indicating the return of bond vigilantes — investors selling bonds in reaction to policy decisions.
Despite the turmoil, certain stocks have outperformed. For instance, Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) have shown resilience amid the market's fluctuations, demonstrating robust fundamentals and strategic positioning that appeal to investors even during uncertain times.
Overall, while the broader market faces challenges from escalating trade tensions and policy uncertainties, select companies continue to thrive, highlighting the importance of strategic agility and strong fundamentals in navigating volatile economic landscapes.
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/analyst-ratings/analyst-color/25/04/44696168/apple-is-a-buying-opportunity-again-as-key-valuation-level-flashes-green-bank-of-america-says">"Apple Is A ‘Buying Opportunity' Again As Key Valuation Level Flashes Green, Bank Of America Says"</a>, by Piero Cingari, reports that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares have dropped 17% since April 2, more than double the S&amp;P 500's decline in the same period, and Bank of America analyst Wamsi Mohan views this as a buying opportunity, citing historical data showing average gains of 17% one year after Apple's P/E ratio compresses under 25x.
<a href="https://www.benzinga.com/news/buybacks/25/04/44674899/broadcom-stock-jumps-on-10-billion-buyback-authorization">"Broadcom Stock Jumps On $10 Billion Buyback Authorization"</a>, by Adam Eckert, reports that Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares rose after the company authorized a $10 billion share repurchase program through the end of 2025, reflecting confidence in its semiconductor and infrastructure software businesses.
<a href="https://www.benzinga.com/25/04/44683383/marvell-plays-ai-hardball-divestiture-sparks-155-upside-says-analyst">"Marvell Plays AI Hardball: Divestiture Sparks 155% Upside, Says Analyst"</a>, by Surbhi Jain, reports that Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) sold its automotive Ethernet business to Infineon Technologies AG for $2.5 billion, prompting JPMorgan analyst Harlan Sur to reaffirm an Overweight rating and set a $130 price target — implying a 155% upside — as the company intensifies its focus on AI and cloud data center growth.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/news/earnings/25/04/44701164/aehr-test-systems-stock-climbs-after-q3-results-details">Aehr Test Systems Stock Climbs After Q3 Results: Details</a>
<a href="https://www.benzinga.com/government/regulations/25/04/44752313/health-care-technology-stocks-surge-after-fda-announces-plans-to-phase-out-animal-testing-requirements">Health Care Technology Stocks Surge After FDA Announces Plans To Phase Out Animal Testing Requirements</a>
<a href="https://www.benzinga.com/news/large-cap/25/04/44725578/technology-stocks-outperform-after-trumps-tariff-pause-microchip-technology-amd-lead-sector-higher">Technology Stocks Outperform After Trump's Tariff Pause: Microchip Technology, AMD Lead Sector Higher</a>
The Bears
<a href="https://www.benzinga.com/news/global/25/04/44741043/nike-stock-tumbles-as-us-china-trade-war-intensifies-what-you-need-to-know">"Nike Stock Tumbles As US-China Trade War Intensifies: What You Need To Know"</a>, by Adam Eckert, reports that Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares fell 10.3% to $53.18 amid escalating U.S.-China trade tensions, as the company's reliance on imports from China, Vietnam, and Indonesia exposes it to new tariffs, including a 145% rate on Chinese goods.
<a href="https://www.benzinga.com/news/global/25/04/44725016/us-steel-stock-tumbles-as-trump-says-we-dont-want-to-see-it-go-to-japan">"US Steel Stock Tumbles As Trump Says ‘We Don't Want To See It Go To Japan'"</a>, by Adam Eckert, reports that United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shares fell over 11% in after-hours trading after Trump expressed opposition to the company's acquisition by Nippon Steel, stating, "We don't want to see it go to Japan."
<a href="https://www.benzinga.com/25/04/44684590/microns-meltdown-tariff-surcharge-adds-salt-to-the-stocks-slide">"Micron's Meltdown: Tariff Surcharge Adds Salt To The Stock's Slide"</a>, by Surbhi Jain, reports that Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares plunged over 22% in five trading days as the company imposed a tariff-related surcharge on U.S. customers, exacerbating bearish technical signals with the stock trading below key moving averages and nearing oversold RSI levels.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44695368/death-cross-alert-alphabet-stock-drops-the-signal-bears-pick-it-up">Death Cross Alert: Alphabet Stock Drops The Signal, Bears Pick It Up</a>
<a href="https://www.benzinga.com/25/04/44715119/pfizer-stock-is-sliding-wednesday-whats-going-on">Pfizer Stock Is Sliding Wednesday: What's Going On?</a>
<a href="https://www.benzinga.com/25/04/44748974/death-cross-meets-tax-threat-tsms-chip-dip-has-more-than-just-technicals-to-blame">TSMC Triggers Death Cross As Trump Tariff Threats Add To Investor Concerns</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.

AEHR

AVGO

GOOGL

MCHP

MRVL

Benzinga Bulls And Bears: Apple, Nike, US Steel — And The Markets Ride Out Ongoing Volatility

On Friday, China's General Administration of Customs implemented a new rule that determines the country of origin for semiconductor products based on the location of wafer fabrication — not where the chips are designed, developed, or packaged.
What Happened: As a result of this development, chips designed by U.S.-based companies like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) but manufactured by foundries in Taiwan, such as Taiwan Semiconductor Manufactoring Co. Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and United Microelectronics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>), will be exempt from <a href="https://www.benzinga.com/markets/25/04/44756353/xi-jinping-says-there-are-no-winners-in-tariff-war-as-china-slaps-125-tariffs-on-us-goods-urges-trump-to-immediately-correct-wrongdoings">China's 125% retaliatory tariffs</a> on U.S. imports, <a href="https://www.tomshardware.com/tech-industry/chinas-new-semiconductor-rule-spares-taiwan-fabs-punishes-intel-globalfoundries-and-texas-instruments">reported</a> Tom's Hardware.
However, this rule delivers a blow to U.S. chipmakers like Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), GlobalFoundries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), and Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), which fabricate their chips domestically.
Products from these companies will now face the full brunt of China&#8217;s import tariffs, dramatically impacting their competitiveness in the Chinese market.
See Also: <a href="https://www.benzinga.com/tech/25/04/44630304/qualcomm-expands-ai-ambitions-with-acquisition-of-vinais-generative-ai-division">Qualcomm Expands AI Ambitions With Acquisition of VinAI&#8217;s Generative AI Division</a>
The China Semiconductor Industry Association (CSIA) issued a notice clarifying that the "country of origin" for all chips — packaged or unpackaged — will be based solely on where the wafers were processed.
Because China considers Taiwan part of its own territory, chips produced in Taiwanese fabs are not subject to the punitive tariffs, even if designed and sold by American firms.
<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">BIG: &quot;China Semiconductor Industry Association Issues Urgent Notice on Rules for Determining the &#39;Country of Origin&#39; of Semiconductor Products&quot; The China Semiconductor Industry Association has issued an urgent notice regarding the rules for determining the &quot;country of origin&quot; of… <a href="https://t.co/41JJL0fdg5">pic.twitter.com/41JJL0fdg5</a>
&mdash; Ray Wang (@rwang07) <a href="https://twitter.com/rwang07/status/1910532580861935953?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This change effectively divides U.S. semiconductor firms into winners and losers. Designers like Nvidia, AMD, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Qualcomm benefit from outsourcing production to Taiwan, which keeps their products tariff-free and their access to China intact.
Meanwhile, chipmakers with U.S.-based fabrication operations—such as Intel's fabs in Arizona and Oregon and GlobalFoundries' Fab 8 in New York—are now disadvantaged.
The rule bolsters China's geopolitical stance by treating Taiwan as a domestic supplier and incentivizes more outsourcing to Taiwanese and Chinese foundries, the report noted.
It may also redirect chip business away from U.S. fabs, pushing global firms to avoid sourcing from the U.S. to sidestep tariffs.
In a note released Thursday, Goldman Sachs economists, led by Andrew Tilton, warned that the abrupt hike in U.S. tariffs on Chinese imports — raised to 125% as of April 9 — could significantly impact China's economy and put as many as 20 million export-related jobs at risk.
Qualcomm has a growth score of 60.95, according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> companies like Nvidia, AMD, TSMC, Intel, and others.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/quote/QCOM"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/12020305/Screenshot-2025-04-12-at-11.32.55%E2%80%AFAM.png" alt="" class="wp-image-868815" style="width:420px;height:auto" /></a></figure>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

INTC

QCOM

Trump Tariff Wars: China's New Rule To Exempt Nvidia, Qualcomm And Others From Levies, But These Chip Companies Will Be Hit With 125% Tariffs

Robert F. Kennedy Jr., the nation&#8217;s top health official, questioned whether society should bear the cost of healthcare for individuals who engage in unhealthy habits, such as smoking or consuming doughnuts.
What Happened: In an interview <a href="https://www.cbsnews.com/news/rfk-jr-sweeping-cuts-health-programs-employees-exclusive-interview/">with</a> CBS News, Kennedy asked, "If you're smoking three packs of cigarettes a day, should you expect society to pay when you get sick?"
He emphasized that while Americans have the freedom to make such choices, the question remains whether society should cover the resulting health care costs.
Public health experts expressed concern, suggesting Kennedy&#8217;s remarks could imply limiting access to health care based on personal behavior.
See Also: <a href="https://www.benzinga.com/25/04/44777097/gm-halts-electric-van-production-in-ontario-amid-sluggish-sales-1200-employees-affected">GM Halts Electric Van Production In Ontario Amid Sluggish Sales: 1,200 Employees Affected</a>
Meanwhile, the Department of Health and Human Services (DHHS) clarified that Kennedy aims to empower individuals with better health options, not to shame them.
His comments, they said, reflect a broader strategy to align public health outcomes with smart incentives.
Amid these discussions, Kennedy&#8217;s department has faced criticism for recent layoffs affecting programs aimed at reducing smoking, raising questions about the impact on public health efforts.
Why It Matters: This debate comes on the heels of <a href="https://www.benzinga.com/markets/25/03/44550801/rfk-jr-spreading-misinformation-and-lies-fdas-top-vaccine-official-walks-out-sparking-debate-on-safety-an">RFK Jr.&#8217;s previous controversies</a> surrounding health policies. Recently, Peter Marks, the FDA&#8217;s top vaccine official, resigned due to Kennedy&#8217;s stance on vaccine misinformation.
Marks was integral in the COVID-19 vaccine rollout, and his departure has sparked concerns about the politicization of health decisions.
Additionally, Kennedy has been proactive in addressing health issues by <a href="https://www.benzinga.com/markets/equities/25/03/44209953/rfk-jr-takes-on-food-giants-calls-meeting-with-pepsico-and-general-mills">engaging</a> with major food companies. In March, he called a meeting with executives from PepsiCo Inc. and General Mills Inc., urging them to address their role in public health challenges.
Earlier in February, a media report stated that the Trump administration is <a href="https://www.benzinga.com/25/02/43999106/trumps-officials-to-re-consider-modernas-590-million-bird-flu-vaccine-funding-hhs-cites-biden-administrations-failed-oversight">planning to reconsider</a> $590 million in funding for Moderna Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) bird flu vaccine, with RFK Jr.&#8217;s HHS slamming the Biden administration for a lack of oversight.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Health Care

MRNA

RFK Jr Asks If Taxpayer-Funded Healthcare Should Be Accessible To People Smoking 'Three Packs A Day'

Amid the ongoing legal tussle between Elon Musk and Sam Altman-led OpenAI, a group of former OpenAI employees has stepped forward to support Musk in his fight against the company&#8217;s transition to a for-profit model.
What Happened: A group of 12 former OpenAI employees has thrown their support behind Musk in his <a href="https://www.benzinga.com/tech/24/12/42257564/musk-goes-to-court-to-block-openais-for-profit-transition">legal battle against the AI startup</a>&#8216;s shift to a for-profit model, CNBC <a href="https://www.cnbc.com/2025/04/11/ex-openai-staffers-back-musks-case-against-move-to-for-profit-entity.html">reported</a> on Friday.
These ex-staffers, who were part of OpenAI from 2018 to 2024, have requested a California district court to allow them to express their concerns about the company&#8217;s transformation. The filing was made by Lawrence Lessig, representing the group, to bolster Musk&#8217;s case.
In a post on his social media platform X, Musk acknowledged the amicus brief filed by former OpenAI staffers.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Indeed <a href="https://t.co/LdC869Ky7N">https://t.co/LdC869Ky7N</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1910861637264822608?ref_src=twsrc%5Etfw">April 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The request aims to support <a href="https://www.benzinga.com/tech/25/03/44066117/elon-musk-battles-openai-over-move-to-for-profit-model-and-experts-are-pushing-back">Musk&#8217;s efforts to prevent OpenAI</a>, which he co-founded in 2015 as a nonprofit, from becoming a for-profit entity. The filing claims that such a change would violate the organization&#8217;s mission.
See Also: <a href="https://www.benzinga.com/25/04/44776810/we-just-have-to-hope-we-have-enough-time-to-recover-retirees-reeling-after-market-drops-hit-their-nest-eggs">&#8216;We Just Have To Hope We Have Enough Time To Recover&#8217;: Retirees Reeling After Market Drops Hit Their Nest Eggs</a>
OpenAI has commercialized products like ChatGPT and is overseen by a nonprofit parent. The company has faced challenges in restructuring due to Musk&#8217;s opposition, who recently<a href="https://www.benzinga.com/25/02/43609104/elon-musk-co-founded-openai-now-hes-bidding-974b-to-take-back-the-company"> offered $97.4 billion to acquire OpenAI</a>, an offer that was rejected.
OpenAI&#8217;s hybrid structure includes a capped-profit limited partnership, with the original nonprofit as the controlling shareholder. The filing argues that the shift to a for-profit model breaches the trust of employees and stakeholders.
The case has seen various developments, including a federal court blocking Musk&#8217;s attempt to stop the transition and<a href="https://benzinga.com/25/04/44726544/elon-musk-faces-legal-backlash-as-sam-altman-led-openai-countersues-over-harassing-tactics-and-bid-for-control-musk-has-tried-every-tool-available-to-harm-openai"> OpenAI filing a countersuit against Musk</a> earlier this week.
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Why It Matters: The legal battle between Musk and OpenAI has been escalating. In March 2025,<a href="https://benzinga.com/tech/25/03/44066117/elon-musk-battles-openai-over-move-to-for-profit-model-and-experts-are-pushing-back"> Musk opposed OpenAI&#8217;s move</a> to a for-profit model, arguing it could impact the control of AI technology.
OpenAI&#8217;s CEO, Sam Altman, aims to separate the revenue-generating business from its nonprofit parent to attract investments and provide returns to shareholders.
Earlier, in February 2025, Musk&#8217;s $97.4 billion takeover bid was reportedly not received by OpenAI&#8217;s board, which Altman described as &#8220;another one of his tactics.&#8221;
OpenAI, in its countersuit, accused Musk of using harassment tactics to disrupt its growth plans, including his unsolicited bid for control.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Ex-OpenAI Staffers Support Elon Musk's Legal Battle Against Sam Altman-Led AI Startup's For-Profit Shift

Investor and TV personality Kevin O&#8217;Leary has voiced his disapproval of President Donald Trump&#8216;s tariff strategy against China, citing potential economic and political repercussions.
What Happened: O&#8217;Leary has openly criticized President Trump&#8217;s approach to the ongoing tariff war with China. In a recent post on X, O&#8217;Leary expressed concerns over the economic and political implications of the tariffs.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Let's be honest—this tariff war? It's Trump going all-in. He's got 18 months before the midterms, and if this gamble doesn't pay off, it's not just the markets that crash—it's his political capital. China can't hang in this forever. Time for leadership, not chaos. Sit down. Make… <a href="https://t.co/uh6EEAB6LT">pic.twitter.com/uh6EEAB6LT</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1910759473049727267?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote>
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According to O&#8217;Leary, Trump is taking a significant risk with the tariff strategy, which could have severe consequences for both the markets and his political standing if it fails. With 18 months until the midterms, O&#8217;Leary suggests that the stakes are high for Trump.
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44728524/adam-schiff-and-elizabeth-warren-call-for-investigation-into-possible-insider-trading-by-trump-allies-as-markets-surge-after-90-day-tariff-pause-it-sure-looks-like-corruption" target="_blank" rel="noreferrer noopener">Adam Schiff And Elizabeth Warren Call For Investigation Into Possible Insider Trading By Trump Allies As Markets Surge After 90-Day Tariff Pause</a>
O&#8217;Leary highlighted the impact of the <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">125% tariffs on China&#8217;s</a> economy, noting that the country&#8217;s factories are struggling with nowhere to ship their goods. He emphasized the potential unrest among unemployed workers in China, despite President&nbsp;Xi Jinping&nbsp;not facing electoral pressure.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Let's cut the fluff—this is economic warfare. China's got factories with nowhere to ship, and 125% tariffs are choking them out. You think unemployed workers stay quiet? Xi's not on a ballot, but he's playing with fire. The U.S. is the buyer of last resort—and when that stops,… <a href="https://t.co/BVpcdjGN7u">pic.twitter.com/BVpcdjGN7u</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1910738079549169996?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote>
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He further pointed out that the U.S. serves as the &#8220;buyer of last resort,&#8221; and if American demand halts, it could lead to broader economic consequences.
O&#8217;Leary urged for a resolution, stating that the current situation is unsustainable and advocating for leadership and negotiation to end the economic standoff.
Why It Matters: O&#8217;Leary&nbsp;has been vocal about his views on tariffs and market volatility. Recently, he called for a&nbsp;<a href="https://www.benzinga.com/markets/equities/25/04/44711364/kevin-oleary-calls-for-hefty-400-us-tariffs-on-china-they-dont-play-by-the-rules">400% tariff on China</a>, arguing that the existing tariffs are insufficient.
He criticized China&#8217;s trade practices, claiming they don&#8217;t adhere to international rules and often engage in technology theft.
O&#8217;Leary&#8217;s concerns about volatility are well-documented. He has stated, &#8220;I hate volatility and I don&#8217;t like it when the market corrects,&#8221; but acknowledges that market corrections are a regular occurrence, typically ranging from 15% to 20% over time.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Global

Kevin O'Leary Says Xi Jinping Is 'Playing With Fire:' 'If This Gamble Doesn't Pay Off…'

Ray Dalio, founder of Bridgewater Associates, expressed concerns about a potential recession despite President Donald Trump <a href="https://www.benzinga.com/25/04/44729384/trump-pauses-tariffs-after-yields-surge-bond-vigilantes-hit-another-homerun-experts-point-to-bond-market-panic-for-reversal">pausing reciprocal tariffs</a>.
What Happened: According to <a href="https://fortune.com/2025/04/11/ray-dalio-recession-changing-monetary-order/">a</a> report by Fortune, Dalio shared his views on Bloomberg Television on Thursday, following Trump&#8217;s announcement of a 90-day grace period for trade negotiations.
Trump&#8217;s decision to halt reciprocal tariffs did not alleviate worries, as he imposed a 10% blanket tax on other nations and duties on China.
Dalio highlighted the likelihood of a recession, defined as two consecutive quarters of negative GDP growth, but emphasized broader concerns about financial, political, and geopolitical dynamics.
As tensions between the U.S. and China escalate, with<a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty"> Trump imposing a 145% tariff</a> and<a href="https://www.benzinga.com/markets/25/04/44756353/xi-jinping-says-there-are-no-winners-in-tariff-war-as-china-slaps-125-tariffs-on-us-goods-urges-trump-to-immediately-correct-wrongdoings"> China retaliating with a 125% tariff</a>, the trade war has intensified.
Moody&#8217;s Chief Economist, Mark Zandi, told Fortune that U.S.-China trade could nearly halt, increasing recession risks.
See Also: <a href="https://benzinga.com/news/25/04/44728509/dave-ramsey-says-putting-a-lid-on-government-spending-could-spur-quick-recovery-but-wants-america-to-get-an-">Dave Ramsey Says Putting A Lid On Government Spending Could Spur Quick Recovery, But Wants America To Get An Extra Job</a>
Dalio noted the ongoing bond market sell-off is a consequence of Trump&#8217;s tariffs, as investors abandon bonds and stocks.
Analysts from Bank of America suggested the bond market turmoil prompted Trump&#8217;s tariff pause, particularly concerning the 10-year Treasury. Despite some stock market relief, bond market distress persists, with a slowdown appearing more probable than a recession.
Why It Matters: The concerns raised by Ray Dalio come in the wake of his previous warnings about the economic impact of escalating tariffs.
Earlier,<a href="https://www.benzinga.com/markets/25/04/44728417/ray-dalio-praises-trumps-tariff-reversal-urges-us-china-deal-and-deficit-reduction"> Dalio praised Trump&#8217;s decision</a> to pause tariffs, except on China, calling it a &#8220;better way&#8221; to handle trade imbalances. He urged a U.S.-China trade deal and deficit reduction, suggesting that China could appreciate the renminbi against the U.S. dollar by selling dollar assets and easing fiscal policies.
Dalio has also cautioned about &#8220;abrupt, unconventional changes&#8221; in markets due to the &#8220;tariff machine,&#8221;<a href="https://www.benzinga.com/general/market-summary/25/04/44623855/ray-dalio-warns-of-abrupt-unconventional-changes-in-markets-heres-how-the-tariff-machine-affects-currency-monetary-and-fiscal-policies"> which affects currency, monetary, and fiscal policies</a>. He emphasized that while the first-order effects of tariffs are visible, the second-order effects could lead to significant market volatility.
In a broader context,<a href="https://www.benzinga.com/25/03/44511006/ray-dalio-sees-history-repeating-warns-of-debt-crisis-trump-era-politics-and-a-shifting-global-order"> Dalio has warned of a looming debt crisis</a> and a shifting global order amid Trump&#8217;s hardline trade policies. He has expressed concerns about the potential for a debt crisis and the implications of changing global political dynamics.
Read Next:
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<li><a href="https://benzinga.com/25/04/44774499/wall-street-panic-extends-to-main-street-as-us-china-trade-war-escalates-bond-vigilantes-make-a-comeback-this-wee">Wall Street Panic Extends To Main Street As US-China Trade War Escalates, Bond Vigilantes Make A Comeback: This Week In Markets</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Economics

Ray Dalio, Who Predicted The 2008 Financial Crisis, Warns About Recession As US-China Tariff War Escalates

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