에 대한 최신 뉴스 SoFi Enhanced Yield ETF (ARCA:THTA)

The Fund seeks to achieve its objective by combining a strategy of holding U.S. Treasury Bills and/or U.S. Treasury Bonds, with a 'credit spread' option strategy to seek to generate enhanced yield. For the Funds credit spread strategy, the Fund enters into credit put spreads or credit call spreads based on the ZEGA's return versus risk assessment with respect to the broad stock market and the options market. ZEGA manages the Fund using its High Probability Options Strategy (HiPOS or the Strategy), by which it seeks to provide risk-adjusted returns for the Fund that are uncorrelated to both equity and fixed income markets by using an alternative trading strategy, and reducing the need to predict future market movements.

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SoFi Enhanced Yield ETF

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Reliance Global shares are trading higher after the company signed a letter of intent to sell its Fortman Insurance subsidiary for $5 million in cash.

<a href="https://www.benzinga.com/topic/web3">As Web3 interoperability</a> becomes foundational for blockchain-based finance, critical gaps in infrastructure are slowing institutional adoption, according to Axelar CEO Georgios Vlachos.
"We&#8217;re likely just at the beginning of an explosion of blockchain-based solutions for tokenized finance," Vlachos told Benzinga. "It&#8217;s important we now consider how to make interoperability networks secure, open, and accessible to all, just like TCP/IP is for networks on the internet itself."
He says that without decentralized, open-source, and permissionless protocols, blockchain&#8217;s benefits, such as transparency and efficiency, could be undermined. This limits institutional use cases like tokenized funds and stablecoins.
Vlachos highlighted the need for standardized tooling to prevent fragmentation in tokenization. 
"Issuers need tooling and standards that ensure their tokens will be consistent across multiple blockchain environments," he said, citing Axelar's Interchain Token Service (ITS) as an example that automates token feature translation and supply management across chains. 
On security, he stressed that interoperability protocols must remain fully decentralized to connect private and public blockchains while meeting global regulatory demands.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45977495/xrp-etf-to-debut-in-canada-setting-the-stage-for-us-showdown">XRP ETF To Debut In Canada, Setting The Stage For US Showdown</a>
The remarks come as Deutsche Bank, Axelar, and Memento Blockchain <a href="https://www.businesswire.com/news/home/20250617472345/en/Deutsche-Bank-Axelar-and-Memento-Blockchains-DAMA-2-Litepaper-Delivers-an-Institutional-Blueprint-for-Asset-Tokenization-and-Servicing-on-Ethereum-L2">released </a>a litepaper for project DAMA 2, a tokenization platform designed to bridge traditional finance and blockchain. 
The platform, recognized in Global Custodian's 2025 Leaders in Custody Asia awards for "Innovation in Smart Contract Technology," uses a Blockchain-as-a-Service model to enable compliant asset issuance with minimal upfront investment. 
It features a privacy-enabled Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) Layer 2 built by Memento blockchain (CRYPTO: DEXTF) using zkSync's ZK Chain technology and Axelar's network for multichain token distribution.
"DAMA 2 represents how public chains have evolved for institutional finance's use," said Boon-Hiong Chan, Innovation Lead at Deutsche Bank. 
The platform targets a growing digital-native demographic, with $84 trillion in global wealth expected to shift by 2045, according to Cerulli Associates.
Read Next:
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45981311/virtual-worlds-like-decentraland-could-lower-barrier-for-web3-adoption-says-bondex-ceo">Virtual Worlds Like Decentraland Could Lower Barrier For Web3 Adoption, Says Bondex CEO</a></li>
</ul>
Image: Shutterstock

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Mind The Gap: Web3's Infrastructure Problem Is Blocking Wall Street, Axelar Co-Founder Says

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Robin Energy Shares Halted On Circuit Breaker To The Downside, Stock Now Up 92%

PLUG

Plug Power shares are trading lower amid a broader market downturn in renewable energy stocks. The sell-off may be triggered by proposed changes to US tax incentives.

PLAG

Planet Green Holdings Shares Resume Trade

<a href="https://x.com/kaitlancollins/status/1935060287977075073" title="https://x.com/kaitlancollins/status/1935060287977075073">https://x.com/kaitlancollins/status/1935060287977075073</a>

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Economics

General

iShares MSCI Israel Capped Investable Market Index Fund

Chief White House Correspondent For CNN Kaitlan Collins Posts On X "President Trump's meeting with his national security team in the Situation Room has ended. It lasted for over an hour."

The stock of The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) is consolidating Tuesday. This comes after the shares gained more <a href="https://www.benzinga.com/news/25/06/45951987/sage-therapeutics-roku-echostar-and-other-big-stocks-moving-higher-on-monday">than 10% on Monday</a>. The move higher ended when they slammed into resistance around $74.75.
Estee Lauder is our Stock of the Day. It isn't a coincidence yesterday's rally ended where it did, and the shares may be about to fill a gap.
Some analysts believe the market follows a &#8220;random walk.&#8221; They believe that it is impossible to time the market.
These analysts are wrong.
If the market followed a random path, no price level would be more important than any other. But a chart will show that some levels are clearly more important than others. These are called support and resistance levels.
Estee Lauder ran into resistance around $74.75. It wasn't random and it wasn't a coincidence.
There was resistance at this price because it was resistance in late February.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="565" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17153729/EL-1024x565.png" alt="" class="wp-image-952955" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17153729/EL-1024x565.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17153729/EL-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17153729/EL-768x424.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17153729/EL.png 1471w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45978856/federal-reserve-rate-cuts-trump-tariffs-what-to-watch-wednesday">No Rate Cuts Yet, Fed Wants To See Where Tariffs Land: Here&#8217;s What To Watch Wednesday</a>
Many of the traders and investors who bought shares then decided they made a mistake when the price dropped. Some also decided to sell their shares if they could eventually do so at breakeven.
So, when the shares reached $74.75, these remorseful buyers flooded the market as sellers. Their selling put a top on the price.
If the buyers can overpower the sellers who created the resistance, there is a good chance the stock makes a rapid move higher.
One of the main reasons for market resistance is buyer's remorse. This is why there was some around $74.75.
As you can see on the chart, in January Estee Lauder gapped down from around $80.80 to around $74.75. When a stock gaps from one price to another, there is no trading at the levels between the two prices.
If there was no trading, there would be no remorseful buyers trying to sell on the way up. This means there may not be significant sell interest if the stock gets back to these levels heading in the opposite direction.
Buyers will be forced to outbid each other and pay successively higher prices to draw sellers back into the market. This price action could force Estee Lauder higher.
Read Next:
<ul class="wp-block-list">
<li> <a href="https://www.benzinga.com/markets/market-summary/25/06/45981450/wall-street-drops-as-trump-weighs-iran-action-defense-stocks-jump-whats-driving-markets-tuesday">Wall Street Drops As Trump Weighs Iran Action, Defense Stocks Jump: What&#8217;s Driving Markets Tuesday?</a></li>
</ul>
Photo: Sorbis On Shutterstock.com

Technicals

Stock Of The Day: Will Estee Lauder Fill The Gap?

<a href="https://www.gmdefensellc.com/site/us/en/gm-defense/home/news-and-events/news.detail.html//Pages/news/us/en/2025/jun/0617-GM-Defense-NP-Aerospace-team-address-future-UK-NATO-opportunities.html">https://www.gmdefensellc.com/site/us/en/gm-defense/home/news-and-events/news.detail.html//Pages/news/us/en/2025/jun/0617-GM-Defense-NP-Aerospace-team-address-future-UK-NATO-opportunities.html</a>
&nbsp;
GM Defense is teaming with defense contractor NP Aerospace to pursue the UK Ministry of Defence's Light Mobility Vehicle (LMV) requirements as part of the Land Mobility Programme (LMP). The team will also address broader opportunities across NATO and allied nations.
LMV is intended to replace aging vehicles with a Common Based Platform and is part of the LMP, which is a broader initiative by the British Army to modernize and consolidate its vehicle fleet.
GM Defense, a unit of General Motors, leverages commercially proven platforms with their inherent cost efficiencies from high-volume manufacturing, to deliver affordable, highly customizable commercial solutions that are ready for immediate deployment. The business' flagship, the <a href="https://www.gmdefensellc.com/site/us/en/gm-defense/home/integrated-vehicles/infantry-squad-vehicle.html">Infantry Squad Vehicle (ISV)</a> and its utility variant, are both based on the rugged <a href="https://www.chevrolet.com/trucks/colorado">Chevrolet Colorado ZR2</a>.

'GM Defense And NP Aerospace Team To Address Future UK And NATO Opportunities' - GM Defense

Barrington Research analyst Gary Prestopino maintains PowerFleet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIOT#NASDAQ">AIOT</a>) with a Outperform and maintains $15 price target.

Price Target

Analyst Ratings

AIOT

Barrington Research Maintains Outperform on PowerFleet, Maintains $15 Price Target

JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) CEO Joanna Geraghty told employees on Tuesday that the company is rolling out additional cost-saving measures due to weaker travel demand, making it unlikely the airline will reach break-even <a href="https://www.benzinga.com/general/travel/25/05/45680686/premium-travel-demand-gives-airlines-hotels-and-cruises-an-edge-in-2025-goldman-sachs">margins this year.</a>
<h2 class="wp-block-heading">Financial Outlook and Profitability</h2>
Geraghty expressed hope that demand and bookings might improve, but noted that even a rebound would not fully recover the losses experienced so far, according to <a href="https://www.cnbc.com/2025/06/17/jetblue-cost-cuts.html?&amp;qsearchterm=jblu">CNBC</a>. 
As a result, JetBlue continues to depend on borrowed funds to maintain operations, and the path to profitability will take longer than initially expected.
Read Next:<a href="https://www.benzinga.com/markets/tech/25/06/45971345/sunrun-first-solar-plunge-solar-stocks-hit-hard-by-trump-tax-bill-latest?utm_source=articleShare"> Sunrun, First Solar Plunge—Solar Stocks Hit Hard By Trump Tax Bill: Latest</a>
<h2 class="wp-block-heading">Operational Adjustments</h2>
<ul class="wp-block-list">
<li>Flight Reductions:&nbsp;The airline will further decrease flights during off-peak times and eliminate routes that are not profitable.</li>
<li>Fleet Changes:&nbsp;Plans to upgrade four older Airbus A320 aircraft with new interiors have been put on hold, and these planes will be parked. However, six other jets scheduled for refurbishment will still be updated next year.</li>
<li>Hiring and Spending:&nbsp;JetBlue is reviewing its hiring strategy, may consolidate some leadership roles, and is looking to reduce travel expenses for staff.</li>
</ul>
<h2 class="wp-block-heading">Industry Context</h2>
U.S. airlines, including JetBlue, are reducing capacity, especially in the latter half of the year, as domestic travel bookings have been lower than anticipated and ticket prices have dropped. In May, airfares were 7.3% lower than the previous year, according to the U.S. Department of Labor.
<h2 class="wp-block-heading">Strategic Challenges</h2>
JetBlue has been seeking ways to boost revenue and cut costs after courts blocked its planned purchase of Spirit Airlines and ended its partnership with American Airlines in the Northeast. The company last reported an annual profit in 2019.
<h2 class="wp-block-heading">Additional Pressures on Airlines</h2>
Airline stocks <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45927665/whats-going-on-with-jetblue-airways-stock-today">have broadly declined </a>after Israel launched strikes against Iran, which drove up oil prices and created uncertainty around future travel demand.&nbsp;The resulting surge in fuel costs and worries about escalating conflict have made investors more cautious about the airline sector. 
The recent crash of Air India Flight AI171, which took off from Ahmedabad and resulted in significant loss of life, has further weighed on the aviation industry. This tragic event has added to negative sentiment and may be contributing to the sector's current struggles. 
Read Next:<a href="https://www.benzinga.com/news/retail-sales/25/06/45953480/alibaba-pdd-stocks-climb-chinas-retail-sector-gains-despite-us-tariffs?utm_source=articleShare">&nbsp;</a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/retail-sales/25/06/45953480/alibaba-pdd-stocks-climb-chinas-retail-sector-gains-despite-us-tariffs?utm_source=articleShare">Alibaba, PDD Stocks Climb As China&#8217;s Retail Sector Gains Despite US Tariffs</a></li>
</ul>
Image: Shutterstock

Travel

Management

Movers

JBLU

JetBlue CEO: More Cuts Ahead As Airline Faces Prolonged Losses

Founder Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGL#NASDAQ">FGL</a>) shares are trading lower Tuesday despite the company announcing a new strategic collaboration in<a href="https://www.benzinga.com/pressreleases/25/06/g45970671/founder-group-signs-memorandum-of-understanding-with-gcl-systems-integration-technology-co-ltd-to-"> the renewable energy sector</a>.
What To Know: The stock initially surged to around $1.45 before pulling back Tuesday morning. The company disclosed it signed a memorandum of understanding with GCL Systems Integration Technology to jointly explore and develop renewable energy projects across Malaysia and other ASEAN countries. The estimated value of these potential projects is up to $220 million.
Under the agreement, Founder Group and GCL will employ various methods to achieve their objectives, including exchanging information, proposing and implementing specific actions and periodically evaluating the effectiveness of their collaboration.
If any projects are secured, a separate definitive agreement will be executed outlining each company&#8217;s commitments.
While the partnership signals growth ambitions and cooperation, the stock&#8217;s decline may reflect investor skepticism about the potential for the companies to secure projects. The memorandum of understanding outlines intentions but does not guarantee revenue or project execution at this stage. Investors may also be weighing the long-term timeline required for such projects to materialize and deliver financial returns.
GCL, a Chinese firm listed on the Shenzhen Stock Exchange, brings experience in photovoltaic module manufacturing and energy storage systems, the company said.
&#8220;Leveraging GCL&#8217;s strong global reputation and expertise in manufacturing and supply of solar PV modules and storage will be an integral part of this cooperation to advance our capabilities to support Malaysia and the surrounding countries&#8217; renewable energy goals and promote a greener environment for our customers,&#8221; said Lee Seng Chi, CEO of Founder Group Limited.
&#8220;Additionally, we anticipate significant revenue opportunities as we work to establish sustainable projects that will drive top-line growth as well as margin and income expansion which we expect will result in substantial gains in shareholder value.&#8221; 
FGL Price Action: Founder group shares were down 10.7% at 81 cents at the time of publication Tuesday, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/market-summary/25/06/45981450/wall-street-drops-as-trump-weighs-iran-action-defense-stocks-jump-whats-driving-markets-tuesday">Wall Street Drops As Trump Weighs Iran Action, Defense Stocks Jump: What&#8217;s Driving Markets Tuesday? </a></li>
</ul>
Image via Shutterstock.

What's Going On With Founder Group Limited Stock Today?

Jefferies analyst Omar Nokta maintains Tsakos Energy Navigation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEN#NYSE">TEN</a>) with a Hold and raises the price target from $18 to $21.

Jefferies Maintains Hold on Tsakos Energy Navigation, Raises Price Target to $21

Shares of Indonesia Energy Corp Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDO#NYSE">INDO</a>) are trading higher by 40% to $5.59 Tuesday afternoon, catching the eye of investors and trending across social media platforms. Tuesday&#8217;s rise comes as <a href="https://www.benzinga.com/markets/equities/25/06/45968002/trump-says-israel-iran-ceasefire-not-on-the-table-left-g7-early-for-a-much-bigger-reason-spy-qqq-dip-in-premarket-oil-climbs">escalating</a> geopolitical tensions in the Middle East spark fears of a wider conflict, driving crude oil prices higher.
What To Know: Indonesia Energy is an independent oil and gas exploration and production company with operations primarily located in Indonesia.
The company holds key assets, including the Kruh Block, a producing oil field, and the Citarum Block, a natural gas exploration area. As a producer of crude oil, the company&#8217;s revenue is directly tied to the commodity&#8217;s market price.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45982099/whats-going-on-with-digital-turbine-shares-today">What&#8217;s Going On With Digital Turbine Shares Today?</a>
Tuesday&#8217;s surge in INDO&#8217;s stock is linked to <a href="https://www.benzinga.com/markets/equities/25/06/45968002/trump-says-israel-iran-ceasefire-not-on-the-table-left-g7-early-for-a-much-bigger-reason-spy-qqq-dip-in-premarket-oil-climbs">market anxiety</a> following comments from President Donald Trump, which hinted at a potentially significant U.S. response to the ongoing conflict between Israel and Iran. The prospect of an expanding conflict in the crucial oil-producing region of the Middle East threatens to disrupt global supply. 
This fear has pushed <a href="https://www.benzinga.com/markets/market-summary/25/06/45981450/wall-street-drops-as-trump-weighs-iran-action-defense-stocks-jump-whats-driving-markets-tuesday">oil prices upward</a>, directly benefiting producers like Indonesia Energy. Investors are betting that sustained higher oil prices will translate into increased revenues and profitability for the company, likely fueling the significant buying pressure seen today.
Price Action: Indonesia Energy&#8217;s trading volume has surged past 23 million shares late Tuesday, easily exceeding its 100-day average volume of approximately 1.14 million shares. Additionally, the short interest in Indonesia Energy is 5.77% of the float, representing 470,914 shares sold short.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45977614/whats-going-on-with-plug-power-stock-10">What&#8217;s Going On With Plug Power Stock?</a>
<h2 class="wp-block-heading">How To Buy INDO Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Indonesia Energy Corp&#8217;s case, it is in the Energy sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, INDO has a 52-week high of $6.07 and a 52-week low of $2.06.
Image: AI generated

INDO

Indonesia Energy (INDO) Stock Surges 40% As Mideast Tensions Spike Oil Prices

When people name their GOATs, or Greatest of All Time athletes, across various sports there's a good chance that Joey Chestnut's name comes up. After <a href="https://www.benzinga.com/general/restaurants/24/07/39635507/joey-chestnut-the-patriot-reigning-champ-shuns-chinese-backed-hot-dogs-for-impossible-america">a controversial ban </a>from the 2024 Nathan's Famous Hot Dog Eating Contest, the king is returning next month.
What Happened: Whether Chestnut is a GOAT or sports king likely depends on your definition of competitive eating as a sport. One thing is for sure: Since 2007, there haven't been many sure things, like <a href="https://www.benzinga.com/general/entertainment/23/07/33109620/july-fourth-hot-dog-eating-contest-joey-chestnut-wins-mens-competition-miki-sudo-named-wome">betting on Chestnut </a>to win the annual Fourth of July hot dog eating contest.
"I'm thrilled to be returning to the Nathan's Famous Fourth of July Hot Dog Eating Contest. This event means the world to me. It's a cherished tradition, a celebration of American culture, and a huge part of my life," Chestnut <a href="https://x.com/joeyjaws/status/1934612017052336469">tweeted</a>.
Chestnut was banned from the competition last year due to its sponsorship of the plant-based food company Impossible Foods, which was viewed as a rival of Nathan's Famous Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATH#NASDAQ">NATH</a>), the annual competition&#8217;s sponsor.
"While I have and continue to partner with a variety of companies, including some in the plant-based space, those relationships were never a conflict with my love for hot dogs. To be clear: Nathan's is the only hot dog company I've ever worked with," Chestnut added.
Chestnut has won the event 16 times including 16 of the 17 competitions from 2007 to 2023.
Last year's competition, without Chestnut, <a href="https://www.benzinga.com/general/restaurants/24/07/39637022/nathans-fourth-of-july-hot-dog-eating-contest-crowns-new-king-glizzy-queen-wins-again">was won by </a>Patrick Bertoletti who ate 58 hot dogs and buns in 10 minutes. While the figure was enough to beat the live competition, Bertoletti's total was small in comparison to past years featuring Chestnut.
Chestnut ate 62 hot dogs and buns in 2023 and in 2021 ate a record 76 hot dogs and buns. Chestnut ate 70 or more hot dogs and buns in the years 2016, 2017, 2018, 2019, 2020 and 2021.
While he wasn't present at the New York event last year, a YouTube stream of Chestnut taking on four U.S. Army soldiers saw the competitive eater down 57 hot dogs and buns in five minutes on the Fourth of July, beating the combined total of 49 from the four competitors. This was only one shy of Bertoletti's championship total but came in five fewer minutes.
Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) also aired a live eating competition of Chestnut versus former champion Takeru Kobayashi in September. Chestnut won that competition with a total of 83 versus 62 from Kobayashi.
Without Chestnut competing in last year's competition, fewer viewers tuned in. ESPN, a unit of The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), had around 831,000 <a href="https://www.usatoday.com/story/sports/2024/07/12/joey-chestnut-ban-took-bite-out-of-nathans-hot-dog-contest-tv-ratings/74384625007/">viewers </a>for the 2024 event, compared to totals of over one million in past years. This marked the lowest viewership for the event since 2013.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/06/39320395/netflix-vs-nathans-famous-how-streaming-giant-and-food-company-backed-by-bill-gates-could-e">Netflix Vs. Nathan&#8217;s Famous: How Streaming Giant And Food Company Backed By Bill Gates Could Eat Hot Dog Company&#8217;s Lunch In Joey Chestnut Battle</a>
Betting Odds: Legal sportsbooks have not released betting odds for the Fourth of July hot dog eating contest, but Chestnut is sure to be a heavy betting favorite.
In 2023, Chestnut had odds of -5000, meaning a bettor had to wager $5,000 to win $100. Without Chestnut last year, the odds saw competitor eaters listed with odds of +100 or higher.
Betting odds from <a href="https://www.legalsportsbetting.com/news/joey-chestnut-headlines-july-4-hot-dog-contest-at-2500-odds-06-16-2025/">Bovada </a>currently list Chestnut as a -2500 betting favorite, followed by Bertoletti at +950, Geoff Esper at +1,200, Nick Wehry at +2,000 and James Webb at +2,500. Esper was the runner-up last year with 53, followed by Webb in third at 52 and Wehry at fourth with 46.75.
With Chestnut being a huge favorite, bettors may turn to the over/under on how many hot dogs the champ will eat or bet on who will finish in second place.
The rise of prediction markets like Kalshi and Polymarket could see more betting options for people as well.
There is also betting on the women's competition, which will likely see Miki Sudo as the heavy favorite. Sudo had won 10 of the last 11 competitions, with the lone non-win coming when she sat out the competition while pregnant. Sudo broke the women's record last year with 51 hot dogs and buns.
After being banned for a year, there's a good chance Chestnut will return ready to defend his past titles and likely see a large portion of betting volume.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/entertainment/24/09/40692059/joey-chestnut-breaks-hot-dog-eating-contest-record-how-netflix-could-benefit-from-live-spor">Joey Chestnut Breaks Hot Dog-Eating Contest Record: How Netflix Could Benefit From Live Sports, Specials</a></li>
</ul>
Photo: a katz / Shutterstock.com

Entertainment

Sports Betting

Sports

NATH

NFLX

Joey Chestnut: The GOAT Returns After 16 Hot Dog Titles — Can Anyone Stop Him?

As world leaders convened in Canada for the G7 summit to debate economic cooperation, U.S. President Donald Trump suddenly hijacked the headlines by <a href="https://www.benzinga.com/markets/equities/25/06/45968002/trump-says-israel-iran-ceasefire-not-on-the-table-left-g7-early-for-a-much-bigger-reason-spy-qqq-dip-in-premarket-oil-climbs">cutting his G7 visit short </a>and boarding Air Force One to tackle what he described as a much more pressing issue: stopping Iran&#8217;s nuclear pursuits once and for all. With Israel having struck deep inside Iranian territory and Tehran threatening retaliation, investors now prepare themselves for the <a href="https://www.benzinga.com/etfs">ETF</a>-level consequences of a protracted geopolitical crisis.
<h2 class="wp-block-heading">What Happened</h2>
Trump emphatically brushed aside proposals for a ceasefire between Iran and Israel, instead calling for &#8220;an end. A real end. Not a ceasefire. An end.&#8221; The statement, made en route to Washington, was immediately seen by markets as a possible ratcheting up of an already tense conflict. 
And while global equities have been fairly stable, activity below the surface is very different: energy, defense, and gold ETFs are flashing new risk signs.
<h2 class="wp-block-heading">Energy ETFs Respond To Oil Supply Threats</h2>
With the flagship Bazan oil refinery closing after deadly missile attacks by Iran, and concerns building over possible disruptions to Iranian oil exports or shipping through the Strait of Hormuz, <a href="https://www.benzinga.com/markets/commodities/25/06/45965846/israel-is-pounding-irans-energy-infrastructure-and-its-sending-these-oil-etfs-soaring-but-it-maybe-bad-news-at-the-gas-pump">energy-linked ETFs are picking up steam</a>.
Securities such as the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and the Vanguard Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDE#NYSE">VDE</a>) experienced small inflows for the week as oil prices ticked higher on supply worries. United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), a direct play on crude futures, also experienced increased volume, and the fund is up around 5% as of Tuesday afternoon.
<h2 class="wp-block-heading">Defense ETFs Get A War-Posture Boost</h2>
Trump&#8217;s comments, combined with the deployment of U.S. military, specifically, the Middle East-bound USS Nimitz aircraft carrier battle group, has strengthened sentiment behind defense and aerospace stocks.
iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) both were up moderately after the president&#8217;s statements. Leveraged vehicles such as Direxion Daily Aerospace &amp; Defense Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFEN#NYSE">DFEN</a>) also gained interest.
<h2 class="wp-block-heading">Safe Havens Shine As Diplomatic Channels Fade</h2>
Gold ETFs, traditionally the &#8220;nuclear fallout shelter&#8221; of international finance, are getting some life after a slow spring. Trump&#8217;s &#8220;not in the mood to negotiate&#8221; refrain coupled with tweets threatening strikes on Tehran revived safe-haven demand.
Since Friday, the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) and SPDR Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) have seen modest but consistent inflows.
The G7 walkout sent a message to markets that this administration isn&#8217;t pivoting, it&#8217;s running away from diplomacy. Even if risk assets aren&#8217;t pricing in disaster, safe-haven ETFs are quietly getting ready for one.
Also Read: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/06/45939307/are-gold-etfs-really-a-hedge-during-a-geopolitical-crisis-heres-what-to-check-before-investing">Are Gold ETFs Really A Hedge During A Geopolitical Crisis? Here&#8217;s What To Check Before Investing</a>
<h2 class="wp-block-heading">Middle East ETFs Navigate Uncertain Course</h2>
Regional funds could suffer devastating fallout if the conflict escalates. ETFs such as WisdomTree Middle East Dividend Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GULF#NASDAQ">GULF</a>) and iShares MSCI Frontier and Select EM ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) have minimal direct exposure to Iran but could still lose out on general capital outflow in the face of geopolitical volatility.
<h2 class="wp-block-heading">Conclusion: An Endgame Without An Exit Strategy</h2>
Markets can typically absorb tension, but they have trouble with open-ended uncertainty. Keywords like &#8220;not a ceasefire,&#8221; &#8220;an end,&#8221; and the like give investors little hints of how this war could end and at what cost markets could eventually pay.
For the time being, ETFs are where the market is subtly voting on what lies ahead, and the early indicators are that it&#8217;s gearing up for a rough ride.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/45978750/why-smart-money-is-spreading-out-etf-flows-signal-surge-in-portfolio-diversification">Why Smart Money Is Spreading Out: ETF Flows Signal Surge In Portfolio Diversification</a></li>
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Photo: Shutterstock

Broad U.S. Equity ETFs

ETFs

DFEN

GULF

iShares Dow Jones US Aerospace & Defense Index Fund

Trump Wants 'An End, Not a Ceasefire' For The Israel-Iran War: What That Means For ETFs

Indonesia Energy Corporation shares are trading higher. Volatility may be due to a surge in energy stocks amid rising oil prices.

Fox Business host Stuart Varney said the quiet part out loud during a recent <a href="https://www.youtube.com/watch?v=MYRtFK4OT5E">segment</a> with former Trump economic adviser Stephen Moore: mass deportations could wreck parts of the U.S. economy.
<h2 class="wp-block-heading">Agriculture, Hospitality And Meatpacking At Risk</h2>
&#8220;If you really did deport everybody who&#8217;s here illegally, that would decimate some industries,&#8221; Varney said, referring to farming, hotels, meatpacking and other labor-heavy sectors. The comment came as Moore praised President Donald Trump for what seemed like a softer stance on Immigration and Customs Enforcement agents targeting these workplaces.
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&#8220;I like the strategy of saying, you know, yeah, we've got to get rid of the bad people, but the people who have violated the law, give them a penalty&#8230; we don't want to reward illegal immigration,&#8221; Moore told Varney.
Moore defended Trump's balancing act, arguing that while criminals should be deported, workers who follow the law and fill essential jobs could be handled differently. He also noted that immigrant labor is helping <a href="https://www.benzinga.com/personal-finance/25/01/43197447/social-securitys-lifeline-how-unauthorized-immigrants-help-fund-benefits-for-68-million-americans">keep the economy afloat</a>.
&#8220;Almost half of the growth of the labor force over the last five or six years is due to immigration,&#8221; he said. &#8220;I just turned 65&#8230; 10,000 Americans <a href="https://www.benzinga.com/personal-finance/management/25/06/45935161/can-you-guess-how-many-people-retire-with-1-million-saved-hint-way-fewer-than-you-think">are retiring</a> every day. I guarantee you there are not 10,000 young Americans entering the workforce.&#8221;
Even as Varney and Moore agreed on the need for stricter enforcement against lawbreakers, they both acknowledged the economic cost of going too far. &#8220;It's a reversal of the previous stance, which is, they're all going to go,&#8221; Varney said. &#8220;And that was not politically popular across the country, in my opinion.&#8221;
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
But while Moore applauded the idea of sparing certain workers from deportation, behind the scenes, that strategy was already unraveling.
According to the <a href="https://www.washingtonpost.com/immigration/2025/06/16/trump-farms-hotels-immigration-raids/">Washington Post</a>, the Department of Homeland Security has <a href="https://www.benzinga.com/news/events/25/06/45966899/ice-raids-return-to-farms-hotels-and-restaurants-as-dhs-reverses-course-escalating-trumps-crackdown-on-illegal-immigration-report">reversed course</a> on guidance that had temporarily paused immigration raids at farms, hotels and restaurants. ICE agents have been told to continue raids at those locations, despite internal concerns and pressure from the agriculture and hospitality industries.
An earlier memo had directed agents to hold off, which some interpreted as Trump bowing to economic reality. According to the Post, on June 12, the DHS memo said, &#8220;We acknowledge that by taking this off the table, that we are eliminating a significant # of potential targets.&#8221;
That didn't last. Trump, reportedly under pressure from immigration hardliners like Stephen Miller, <a href="https://truthsocial.com/@realDonaldTrump/posts/114690267066155731">posted</a> on Truth Social on Sunday that ICE must do everything in its power to deliver &#8220;the single largest Mass Deportation Program in History.&#8221;
Despite the talk-show consensus, the administration's actions suggest a return to aggressive enforcement with little room for nuance.
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Image: Shutterstock

Fox Business Host Admits: 'If You Deport Everybody Who's Here Illegally, That Would Decimate Some Industries'

High Times, the legendary counterculture publication once synonymous with <a href="https://www.benzinga.com/cannabis">cannabis</a> and psychedelics, is making a comeback. After years of financial turmoil and a high-profile receivership, <a href="http://www.benzinga.com/markets/cannabis/24/08/40140453/how-a-simple-magic-trick-led-to-one-of-the-most-recognized-cannabis-related-brands-in-the-world-">Josh Kesselman</a>, founder of RAW Rolling Papers, has acquired the brand in an all-cash $3.5 million transaction.
The acquisition includes the High Times magazine, its digital media assets and the iconic Cannabis Cup event series. Kesselman is partnering with Matt Stang, a former High Times co-owner and longtime industry operator, to lead the company's revival. 
"This incredible 50-year-old brand is an amazing place. I've spent over half my life there, and I'm just so happy and proud to be back, and so excited to take it into the future. It's really all about longevity and a long-term view, and I'm so excited to partner with Josh and bring back the center of counterculture and alternative plant-based lifestyles," Stang told Benzinga.
Also read: <a href="https://www.benzinga.com/markets/cannabis/25/04/44992856/willy-wonka-of-weed-opens-the-doors-to-the-raw-factory-heres-what-we-saw">&#8216;Willy Wonka Of Weed&#8217; Opens The Doors To The RAW Factory: Here&#8217;s What We Saw</a>
Founded in 1974, High Times became an underground cultural icon, publishing work from figures like Charles Bukowski, Hunter S. Thompson and William Burroughs. At its peak in the late 1970s, the magazine reached a paid circulation of 500,000. However, after a failed IPO attempt and mounting financial and legal issues under Hightimes Holding Corp., the publication ceased updating its website in June 2024 and printed its final issue last September.
Kesselman, who built RAW into a globally recognized rolling paper brand, said he was personally motivated to restore High Times as a cultural institution. He described the purchase as "a ‘pinch yourself' kind of moment," and emphasized his desire to "rebuild the voice of authenticity that defined High Times' legacy."
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<iframe loading="lazy" title="The WILLY WONKA OF WEED Opened The Doors To The RAW Factory: Here's What We Saw" width="500" height="281" src="https://www.youtube.com/embed/6TRFUO4_Yng?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
<h2 class="wp-block-heading">&#8216;It&#8217;s Not About Money&#8217;</h2>
In an exclusive interview, Kesselman told Benzinga the revival is driven not by profit but by a sense of purpose.
"It's not about money. We're both fortunate to have done well in our businesses and this plant has been incredibly kind to us and this community," Kesselman said. "This is our way of giving back, of rebuilding the community that future generations truly need. It's about the readers. It's about serving them."
He added that a major part of the new digital platform will be designed to protect and amplify the cannabis community.
"We're going to create space to connect readers with creators and advocates. That means curated lists of key voices, social accounts, even backup links if someone gets shadowbanned or deleted. So, if Meta tries to cancel the community, we keep going. This magazine lasted 50 years. It can easily last 50 more," he explained.
"Misinformation and fragmentation—that's what big tobacco, big alcohol and pharma want. But that's not what they're going to get. High Times started as a freedom-fighting publication. And it's going to finish as one."
Kesselman also reminisced about the Cannabis Cups of earlier eras, which he said he missed "more than you know."
"Some of the greatest times of my life happened at those Cups. And I will bring them back. They'll be just as much fun because that's the point," he told Benzinga. "When you remove private equity and investors, when it's just a couple of people trying to do something for the culture, the possibilities become limitless."
The relaunch will focus on both legacy and innovation. Plans include:
<ul class="wp-block-list">
<li>Relaunching the High Times print magazine in limited, collectible editions</li>
<li>Hosting a revamped digital platform for cannabis news, expert voices, and community engagement</li>
<li>Reintroducing the Cannabis Cup series in 2026 with third-party judging and no pay-to-play involvement</li>
<li>Exploring licensing opportunities across media, merchandise, and events</li>
</ul>
Stang called the move "a guiding light for culture" and said the brand's return is meant to reignite passion among longtime fans while also connecting with younger audiences.
Kesselman has <a href="https://finance.yahoo.com/news/owner-gives-high-times-fresh-110000546.html">reportedly</a> invested an additional $1.85 million into the relaunch since the deal closed.
<h3 class="wp-block-heading">Background: A Turbulent Decade</h3>
The acquisition closes a chapter of instability for High Times. After a $70 million sale in 2017 to a group led by Adam Levin, the company went on a buying spree that included dispensaries, festivals and other cannabis media brands. That expansion strained the business and in 2023, the company was forced into liquidation.
Levin later <a href="https://www.benzinga.com/news/legal/25/01/42935445/high-times-magazine-executive-pleads-guilty-in-securities-fraud-scheme-20-million-from-investor-victims">pleaded guilty</a> to federal conspiracy charges related to a stock scheme tied to the company's failed public listing.
The new ownership is positioning High Times as a community-driven, content-first platform with a long-term growth strategy grounded in both cultural relevance and operational stability.
Photo: High Times

Cannabis

Media

High Times Is Back, Baby: RAW's Josh Kesselman Leads $3.5-Million Revival With Matt Stang

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