Appian (NASDAQ:APPN) Stock

Appian

Appian Corp is a low-code enterprise platform-as-a-service company focusing on business process management. The company's Appian platform is an integrated automation platform providing tools for organizations to design, automate, and optimize end-to-end processes and complex business operations. Capabilities include case management, robotic process automation, artificial intelligence, data fabric, and process mining. The company also provides maintenance and support as well as consulting services and training related to its platform. The majority of its revenue is subscription-based with the remainder from services, with much of its subscription revenue being derived from its cloud-based platform. Geographically, the company derives maximum revenue from its business in the United States.

Appian Corporation - Class A Common Stock

Appian Corp

Even though Bitcoin remained constrained due to geopolitical concerns, cheaper alternatives to the apex cryptocurrency enticed investors Sunday night.
What happened: Bitcoin Cash rallied over 5% to become the market&#8217;s third-biggest gainer over the last 24 hours. Trading volume for the cryptocurrency surged 71% to $510 million, indicating substantial interest from traders and increased liquidity.
Similarly, Bitcoin SV rose 1.39%, with volume increasing 5.34% to $47 million in the last 24 hours.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:00 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>)</td>
<td>+5.04%</td>
<td>$457.42</td>
</tr>
<tr>
<td>Bitcoin SV (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BSV</a>)</td>
<td>+1.39%</td>
<td>$31.35</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.19%</td>
<td>$105,820</td>
</tr>
</tbody>
</table>
</figure>
These gains contrasted with Bitcoin's stagnation. The world's leading cryptocurrency was little changed in the last 24 hours <a href="https://www.benzinga.com/crypto/25/06/45941991/bitcoin-ethereum-consolidate-dogecoin-dips-as-iran-israel-conflict-rages-on-these-levels-will-define-direction-of-btcs-next-breakout-says-analyst">as investors reined in their risk appetite owing to the Iran-Israel conflict</a>.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: It&#8217;s worth mentioning that BSV arose from a hard fork of the Bitcoin Cash blockchain in 2018, which had split from the original Bitcoin network a year ago due to community disagreements over Bitcoin scaling.
Bitcoin traded at nearly $106,000 as of this writing. The high price could make holding one full Bitcoin a little challenging, especially for retail investors, although they can always obtain exposure by making fractional purchases.
In comparison, BCH and BSV have much smaller market capitalizations—$9.1 billion and $623 million, respectively—and lower per-unit prices, positioning them as potentially cheaper alternatives to the $2 trillion asset.
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Bitcoin Cash Leads Market Gains As Investors Flock To Inexpensive BTC Alternatives Amid Iran-Israel Conflict

On Sunday, Taiwan added Chinese tech giants Huawei Technologies and Semiconductor Manufacturing International Corp. (SMIC) to its strategic export control list, signaling escalating efforts to restrict Beijing's access to advanced chip technologies.
What Happened: Taiwan's Ministry of Economic Affairs updated its strategic high-tech commodities entity list on June 10, adding 601 entities—including Huawei and SMIC—alongside organizations from Russia, Iran and Myanmar, reported Reuters.
The ministry cited "the prevention of arms proliferation and other national security considerations" as the reason behind this development.
The updated list was published on the ministry's trade administration website and includes references to terrorist groups like the Taliban and al-Qaeda.
See Also: <a href="https://www.benzinga.com/insights/news/25/05/45380785/analyzing-nvidia-in-comparison-to-competitors-in-semiconductors-amp-semiconductor-equipment-industr">Analyzing NVIDIA In Comparison To Competitors In Semiconductors &amp; Semiconductor Equipment Industry</a>
&#8220;Manufacturers must comply with export control regulations, fulfil their verification obligations and carefully assess transaction risks,&#8221; the statement read.
Why It's Important: Taiwan is home to Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), the world's largest contract chipmaker and a key supplier to global firms like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Adding Huawei and SMIC to the blacklist reflects growing concerns over Chinese firms allegedly stealing intellectual property and <a href="https://www.benzinga.com/25/03/44531802/chinas-top-chipmaker-smic-under-scrutiny-for-allegedly-targeting-taiwans-engineers-through-secret-samoan-front-company">poaching chip talent</a> from Taiwan.
Both companies are at the center of China's ambitions to build a self-reliant semiconductor supply chain amid sweeping U.S. export restrictions. The move aligns with Washington's efforts to <a href="https://www.benzinga.com/news/global/25/03/44494896/us-adds-50-chinese-entities-to-export-restriction-list-curtailing-access-to-nvidia-amd-chips">choke off China's access to high-end chips</a> and AI technologies, especially those involving U.S.-origin tools and software.
Earlier this week, Nvidia CEO Jensen Huang announced the company will <a href="https://www.benzinga.com/markets/equities/25/06/45918580/nvidia-drops-china-from-guidance-after-2-5-billion-q1-revenue-hit-ceo-jensen-huang-says-hes-not-">exclude China from future revenue</a> and profit forecasts due to U.S. export restrictions.
Nvidia had to <a href="https://www.benzinga.com/25/05/45644145/nvidia-stock-is-bullish-ahead-of-q1-earnings-but-will-h20-chip-woes-dampen-the-party">halt shipments of its China-specific</a> H20 AI chips, leading to a $2.5 billion revenue loss in the first quarter. While the company anticipated a $5.5 billion hit from excess inventory, it ended up recording a $4.5 billion charge.
Benzinga's Edge Stock Rankings indicate that Nvidia continues to show robust upward momentum across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance metrics can be accessed here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/15222222/Screenshot-2025-06-16-at-7.50.47%E2%80%AFAM.png" alt="" class="wp-image-950070" /></a></figure>
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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.
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Taiwan Blacklists Huawei And SMIC, Citing National Security — Manufacturers Must Carefully Assess 'Transaction Risks' As US-Led Chip War With China Intensifies

Leading cryptocurrencies consolidated on Sunday as the Iran-Israel war kept financial markets on edge.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 8:45 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.12%</td>
<td>$105,599.99</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.36%</td>
<td>$2,546.20</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.66%</td>
<td>$0.1752</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin spiked above $106,000 in the wee hours before retreating to the $105,000 region.
Ethereum dipped below $2,500 late afternoon but quickly reversed, continuing its movement around the $2,540-$2,550.
The two assets have plateaued in June following last month's rally, with BTC up 0.53% and ETH up 0.92%.&nbsp;
Over $218 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $161 million. That said, over $250 million in shorts risked liquidation if BTC rallied to $107,000.
Bitcoin&#8217;s Open Interest rose 0.18%, matching the trajectory in spot price. The majority of Binance traders continued to be bearish on Bitcoin, according to the long/short ratio.
The market sentiment remained in "Greed," according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 8:45 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jito (JTO)</td>
<td>+11.96%</td>
<td>$2.20</td>
</tr>
<tr>
<td>Bitcoin Cash (BCH) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+6.65%</td>
<td>$462.29</td>
</tr>
<tr>
<td>Solana (SOL)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+5.33%</td>
<td>$152.99 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.28 trillion, following a modest spike of 0.24% in the last 24 hours.
Stock futures inched higher overnight Sunday. The Dow Jones Industrial Average Futures rose 32 points, or 0.08%, as of 8:49 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.13%, while Nasdaq 100 Futures added 0.19%.
Investors have been on edge as tensions between regional adversaries<a href="https://www.benzinga.com/news/politics/25/06/45939689/israeli-airstrikes-damage-irans-nuclear-sites-experts-assess-impact"> Iran and Israel escalate</a>, risking a full-scale conflict that may bring in other major nations.
President Donald Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114687664442020232">stated </a>on his Truth Social platform that he will help broker a truce between the two countries and that there will be "peace" soon.
Meanwhile, oil prices continued to shoot up, with the U.S. West Texas Intermediate rising 0.92% to $73.25 a barrel.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst Ali Martinez highlighted Bitcoin's consolidation within an ascending triangle.&nbsp;
"A 4-hour close above $106,100 or below $104,800 will likely define the direction of the next breakout," Martinez predicted.
The <a href="https://www.benzinga.com/money/trading-ascending-triangle-pattern">ascending triangle pattern</a> is a bullish continuation pattern, indicating a potential upward price breakout
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is consolidating within an ascending triangle. A 4-hour close above $106,100 or below $104,800 will likely define the direction of the next breakout. <a href="https://t.co/OlknLsluEK">pic.twitter.com/OlknLsluEK</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1934248537644024192?ref_src=twsrc%5Etfw">June 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another well-known market commentator, Michaël van de Poppe, noticed Ethereum's failed breakout attempt and predicted another leg down before pushing upward.
"I wouldn&#8217;t be surprised if we see a test at the region of $2,400 taking place before we reverse back upwards," the analyst said. "Ultimately, the trend has reversed upwards on Ethereum, indicating that we&#8217;re in the game for buying the dips."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A clear pullback taking place on the markets for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> as the breakout failed and liquidity on the long side has been taken. As the chart shows; after the pullback a test at $2,600 failed to break through. What happens next? Next we&#39;ll see a case where the markets are heading… <a href="https://t.co/OZRyCsSzNS">pic.twitter.com/OZRyCsSzNS</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1934181383439626350?ref_src=twsrc%5Etfw">June 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Photo Courtesy: Wirestock Creators on Shutterstock.com

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Bitcoin, Ethereum Consolidate, Dogecoin Dips As Iran-Israel Conflict Rages On: These Levels Will Define Direction Of BTC's Next Breakout, Says Analyst

Seattle sisters Misbah and Farah Uraizee <a href="https://www.linkedin.com/posts/misbahuraizee_socialcommerce-communitymanagement-ai-activity-7336383431670452225-iJoJ/">just announced</a> $10.6 million in funding for their Nectar Social AI-native social operating system. The marketing tech platform for social media is intended to bypass classic advertising models to deliver stronger sales and financial returns for clients. According to the founders, this segment will generate $3 trillion in sales globally by 2026.
According to <a href="https://www.geekwire.com/2025/sister-led-social-commerce-startup-nectar-lands-10-6m-reveals-more-about-marketing-tech/">GeekWire</a>, the 2023 startup wants to help brands do two things. First, move to the front of the line when consumers click around social media platforms. Second, personalize AI conversations that move the consumer toward a buying decision. This two-pronged strategy, if successful, could mark a challenge to traditional methods of marketing digitally through ads, emails and text messaging.
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Nectar algos review comments, tags, replies to content, direct messages and other data the sisters say are invisible for most brands. They insist this tiny space will yield stronger sales and profits for their clientele because, with marketing relationships in place, these tools can feed product choices that are perfectly tailored to AI discoveries.&nbsp;
The Uraizees list three primary goals for their startup:
<ul class="wp-block-list">
<li>A place where social listening, community management and revenue attribution work together.</li>
<li>A platform where AI acts like a strategic teammate, not just a chat bot.</li>
<li>A social operating system designed for real engagement, not just publishing.</li>
</ul>
Eight funds participated in the cash infusion, reflecting healthy interest in this relatively new digital marketing tactic. Tony Conrad, partner at True Ventures, and Frederique Dame, general partner at Google Ventures, led the funding round, with additional tranches provided by Trust Fund founder Sophia Amoruso, BAM Ventures, Mercury Fund, Charge Ventures, XRC Ventures and FAB Ventures. The $10.6 million raised includes a $2 million pre-seed round led by Seattle-based Flying Fish Ventures.&nbsp;
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"Consumer behavior has fundamentally shifted toward social-first discovery, where purchase decisions begin with social content, flow through community, and propel by personalized conversations," Conrad told GeekWire. "Yet most brands are stuck using disconnected tools that weren't built for this reality. Misbah and Farah have built the answer to this problem."
"Every customer journey starts with a Reddit search, a TikTok scroll or an influencer recommendation," Farah said in a <a href="https://www.linkedin.com/posts/farahu_ai-agents-communitymarketing-activity-7336389945650987012-kEKR/?utm_source=share&amp;utm_medium=member_ios&amp;rcm=ACoAAALbAY8BAMubgbU_YrKPSMQUTb8n4LKdJA0">LinkedIn video</a>. "Ignore it and you'll get left in the dust." In addition to multiple tech companies, the Uraizees led product and engineering teams at <a href="https://www.benzinga.com/quote/META">Meta Platforms</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and are using this experience to develop new forms of customer engagement that focus on Gen Z and Gen Alpha, our youngest generations.
Nectar AI tools engage in "social listening," tracking interactions from initial messaging to end purchases. According to the sisters, they watch online comments and videos from customers and influencers to get insights into the sentiment around brands and products. They specifically focus on the first 30 seconds after social platforms are opened because their research indicates that 25% of users perform searches within this time frame.
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The startup now has 12 employees at a Seattle engineering facility and New York City sales team. It's focusing early efforts on a brand list that includes consumer goods, beauty, wellness, food and beverage marketing, software services and lifestyle products. It has already built a portfolio of customers that include GLAMNETIC, Solawave, Olipop and Jones Road Beauty.&nbsp;
However, competition in this AI marketing tech, also known as live shopping and search-as-a-service, is growing rapidly, led by Shanghai's SuperOrdinary, which already carries an <a href="https://www.beautypackaging.com/breaking-news/superordinary-raises-58m-in-series-b-fundraise/#:~:text=Brings%20the%20company's%20valuation%20to%20over%20$800%20million.&amp;text=SuperOrdinary%2C%20the%20fast%2Dgrowing%20global,valuation%20to%20over%20$800M.">$800 million</a> valuation. Algolia, Rebuy and Loup are also working on similar platforms.
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Sisters Power Nectar to $10.6M Funding, Unveil Game-Changing Marketing Tech

A caller on &#8220;<a href="https://www.youtube.com/watch?v=xQXb3oHW5kw">The Ramsey Show</a>&#8221; shocked hosts John Delony and George Kamel with a story that was equal parts financial windfall and family bombshell. The 31-year-old man revealed that he had <a href="https://www.benzinga.com/personal-finance/management/25/06/45738080/57-year-old-inherits-7-million-after-husbands-unexpected-death-suze-orman-tells-her-do-not-touch-this-money-for-at-least-6-months">unexpectedly inherited millions</a> from a man he thought was just a family friend. &#8220;It&#8217;s been a wild week and a half, two weeks for me,&#8221; the caller said.
<h2 class="wp-block-heading">Learning The Truth After Decades Of Silence</h2>
&#8220;A couple of weeks ago, my mother flew out from California to Nashville to see me in person,&#8221; the caller began. She broke the news that a longtime family friend had passed away and named both her and her son in his will. According to the attorney handling the estate, it was worth somewhere between $10 million and $14 million.
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That wasn't the only surprise. &#8220;Now, in the will, he&#8217;s designated me as his son,&#8221; the caller said. He added that he had never met the man, though he had received birthday cards from him every year. When he had asked about the cards growing up, his mother simply said, &#8220;He&#8217;s just a friend of mine. Don&#8217;t worry about it.&#8221;
The truth came out only after the man's death: the family friend was likely his biological father.
&#8220;Every single part of your life is different now than it was this time last week,&#8221; Delony told the caller. &#8220;Any attempt you try to make to &#8216;get back to the way it was&#8217;&#8230; is a choice to be miserable.&#8221;
The caller said he was now helping arrange the funeral because, as the legally recognized next of kin, he had to step in.
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<h2 class="wp-block-heading">The Money Is In A Trust</h2>
The inheritance is not a lump sum. Instead, it's in a trust made up mostly of stocks and <a href="https://www.benzinga.com/money/mutual-funds">mutual funds</a>. &#8220;Me and my mom are splitting the dividends, the interest, and whatever income that trust brings in,&#8221; he explained. &#8220;It&#8217;s about, on average, according to the lawyer, about half a million a year.&#8221;
He and his mother will each receive $250,000 annually. When his mother passes away, her portion will transfer to him. When he turns 60, the trust will close and he'll inherit the principal.
Delony advised the caller to hire his own attorney &#8220;before the day is over.&#8221; &#8220;Not this trust, not somebody who was dishonest enough to not come out and tell you that they&#8217;re your father for 30 years, not your mom who did not tell you the truth,&#8221; he said. &#8220;I would have somebody else who is working for you.&#8221;
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Kamel jumped in with a list of practical next steps: hiring a lawyer, a therapist, a certified public accountant, an investment professional, an insurance broker, and eventually, a real estate agent. The caller said he currently doesn't own a home.
&#8220;The first thing I would do is nothing,&#8221; Kamel added. &#8220;Just grieve all of this. Feel it all.&#8221;
<h2 class="wp-block-heading">Hard Truths And Long Roads</h2>
The caller said his mom described the man as someone who &#8220;couldn&#8217;t commit&#8221; but was not a bad guy.
Delony pushed back. &#8220;Michael, I&#8217;m the father of two kids. He was not a good man,&#8221; he said. &#8220;Good men, they go to war for their kids.&#8221;
He ended on a heartfelt note: &#8220;You are worth having a dad around. And I&#8217;m sorry you didn&#8217;t have that.&#8221;
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A Dave Ramsey Caller Says He Inherited A Fortune From A 'Family Friend' Who Turned Out To Be His Father. 'It's Been A Wild Week For Me'

Basketball legend Shaquille O&#8217;Neal never set out to be a billionaire. Early in his life, the dream was pretty modest for someone of his future stature. &#8220;My dream was to make $8 million [over] 10 years. That's $800,000 a year,&#8221; he said on a recent episode of &#8220;<a href="https://www.youtube.com/watch?v=dDV0atGIPuk">The Pivot Podcast</a>.&#8221; Then, as it happens when you become a basketball superstar, &#8220;the money changed.&#8221;
<h2 class="wp-block-heading">A Bigger Paycheck, A Bigger Mission</h2>
As the checks got larger, O&#8217;Neal said, the responsibility that came with them did too. He was able to make $40 million. He then had a thought: &#8220;You know what? You're <a href="https://www.benzinga.com/24/11/42118033/nba-legend-shaq-put-his-mom-and-dad-on-payroll-when-he-made-it-big-in-basketball-now-you-making-half-a-million-a-year">not working no more, mama</a>. Daddy, you ain&#8217;t working no more. Brothers and sisters, I'm going to pay for all your sh&#x2A;t too.&#8221;&nbsp;
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That shift, he explained, was about something deeper. &#8220;That was my higher purpose,&#8221; he said.
Throughout the interview, O&#8217;Neal reflected on growing up as a self-described &#8220;high-level juvenile delinquent.&#8221; His grandmother was the only one who didn't discipline him. He promised her that one day, <a href="https://www.benzinga.com/general/sports/25/05/45482493/nba-legend-shaq-once-offered-500k-on-the-spot-to-fulfill-a-promise-to-his-grandmother-and-that-same-mindset-set-the-tone-for-a-500-million-investment-empire">he&#8217;d buy her a house</a>. She asked for one across the street from where they lived. It was just a regular house. &#8220;So when I got some money, I knocked on the lady's door, said &#8216;I want to buy your house,&#8217; she gave me a price and I doubled her price, and bought my grandmother her house.&#8221;
Shaq said he did the same for his parents. He <a href="https://www.benzinga.com/personal-finance/24/10/41186647/nba-star-shaq-wanted-to-get-rich-to-buy-his-mother-anything-she-wanted-that-right-there-is-what-">bought his mom a house and a car</a>. Then he did the same for his siblings. Still, he admitted <a href="https://www.benzinga.com/personal-finance/25/01/43106699/i-had-it-all-nba-legend-shaq-blames-himself-for-divorce-76000-sq-ft-house-by-yourself-no-kids-go-to-their-room-and-nobodys-there">he carries regrets</a>. &#8220;I never told them thank you. That's why I cry. We live, we die, everybody has to die,&#8221; he said.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Still Motivated, Never Satisfied</h2>
Even now, O&#8217;Neal says he doesn't feel fulfilled. &#8220;I could stop right now, but I don't want to stop. You know why I don't want to stop? For them. I read all the time and I&#8217;m looking at the Rockefellers and the Rothschilds. I want my kids to be the O&#8217;Neals.&#8221;
He also explained how he stays driven. It often comes from unexpected places, like jealousy. He described one moment in the Bahamas where he was enjoying time on a rented yacht, projecting success before truly feeling he had earned it. But then, an older man arrived on a much larger yacht, surrounded by a younger wife and her friends. The sight struck him. In his words, &#8220;He was living my life.&#8221; That moment became fuel: &#8220;I want to get enough to where I could get a big yacht and live somewhere blue. That&#8217;s my new fake motivation.&#8221;
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Shaq Says: My Dream Was $8 Million Over 10 Years. But Then, The Money Started Coming In Faster—And With It, A 'Higher Purpose'

Most financial experts say you need millions to retire comfortably. Some, like Suze Orman, have floated numbers <a href="https://www.benzinga.com/personal-finance/management/25/06/45818495/suze-orman-says-retiring-early-is-the-biggest-financial-mistake-youll-ever-make-you-might-need-10-millionjust-so-youll-be-fine">as high as $10 million</a>. But one Indiana couple is proving that early retirement is possible on far less.
<h2 class="wp-block-heading">Low Costs, Big Freedom</h2>
One couple on the <a href="https://www.reddit.com/r/leanfire/comments/1ktmhpp/retired_at_39_with_1m_and_living_on_1250month_it/">r/leanfire</a> subreddit shared how they retired at 39 with just over $1 million in assets. They now live on about $1,241 per month, or around $15,000 per year. FIRE&nbsp; stands for financial independence, retire early. LeanFIRE is a version of that <a href="https://www.benzinga.com/personal-finance/24/07/39779967/29-year-old-software-engineer-with-135-000-salary-plans-to-retire-by-35-says-hes-in-top-0-1-of-m">focused on extreme frugality</a> and minimalism to achieve early retirement with a modest nest egg.
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&#8220;We're living proof that leanFIRE actually works,&#8221; he wrote. &#8220;We're free, we travel half the year, and we're not stressed about money.&#8221;&nbsp;
The couple lives just outside Indianapolis, a low cost of living area they chose intentionally. Their expenses are low in part because they've made some big financial decisions: their <a href="https://www.benzinga.com/real-estate/25/02/43789996/dave-ramsey-says-a-paid-off-mortgage-is-the-new-status-symbol-not-a-bmw-do-you-agree">house is fully paid off</a>, they drive a 2005 Toyota with over 200,000 miles, and they have zero debt.
Despite the tight budget, they don't stay home all year. They spend 4 to 6 months annually overseas in countries like Thailand, where they rent fully furnished apartments for as little as $400 per month and eat street food for less than the cost of cooking at home.
&#8220;Street food in Thailand beats cooking at home cost-wise,&#8221; he said.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
Health insurance costs? Also zero. The husband qualifies for Medicaid because Indiana doesn&#8217;t test assets, just income, and they keep their modified adjusted gross income low on purpose. His wife, who isn't a U.S. citizen yet, uses an Affordable Care Act-subsidized plan.
&#8220;Medicaid in 41 states is based on MAGI. No asset testing. It&#8217;s literally how our overlords designed it,&#8221; he explained.
<h2 class="wp-block-heading">Keeping Costs And Desires Down</h2>
The couple's monthly expenses break down like this:
<ul class="wp-block-list">
<li>$500 on food and household goods</li>
<li>$275 in property taxes</li>
<li>$120 for electricity</li>
<li>$97 for home insurance</li>
<li>The rest goes to small costs like gas, gym membership, and internet</li>
</ul>
They avoid spending by not caring about lifestyle inflation. &#8220;Don&#8217;t give a damn what the neighbors think,&#8221; he said. &#8220;'Stuff&#8217; is the enemy of FIRE.&#8221;
Their income comes from a combination of selling short-term Treasury ETFs, dividends, an online side hustle, and occasional bank account signup bonuses. They say their IRA accounts continue to grow untouched.
See Also: 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;
<h2 class="wp-block-heading">Critics Question The Medicaid Angle</h2>
Some Reddit users were skeptical of the couple's access to Medicaid with over $1 million in net worth. But the husband maintained that their eligibility is fully legal.
&#8220;Nothing unethical about it,&#8221; he said. &#8220;They set the rules of the game. It&#8217;s our job to know and play by the rules.&#8221;
<h2 class="wp-block-heading">No Kids, No Problem</h2>
They say not having children makes this lifestyle possible, and many in the comments agreed. &#8220;No kids, no fancy cars, no keeping up with anyone,&#8221; he wrote. &#8220;But we&#8217;re free.&#8221;
While many FIRE enthusiasts plan for 4% withdrawal rates, the couple spends closer to 1.5% of their net worth per year. &#8220;You just have to actually want it more than you want stuff,&#8221; he said.
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Personal Finance

They Retired At 40 With $1M In The Bank, While Experts Like Suze Orman Say You'll Need $10M. Their Monthly Expenses Are Now Only $1,241

Chime Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHYM#NASDAQ">CHYM</a>) made a splash on Wall Street this week as its highly anticipated initial public offering saw shares soar by as much as 66% on the stock's <a href="https://www.benzinga.com/markets/equities/25/06/45921212/us-stocks-likely-to-open-lower-as-israel-strikes-iran-geopolitical-risks-offers-upside-for-dollar-say-experts">first day of trading.&nbsp;</a>
Chime made a strong debut on the Nasdaq on Thursday. The stock opened at $43 per share, well above its IPO price of $27, and surged as much as 66% during the day before closing at around $37.&nbsp;
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Chime and its shareholders raised $864 million in the IPO and the stock's first-day pop valued the company at approximately $18.4 billion at its peak.
Chime's strong debut is seen as a positive sign for the U.S. IPO market, which has been sluggish for several years. But that may be changing as <a href="https://www.benzinga.com/markets/ipos/25/06/45874849/will-rising-stars-circle-coreweave-perform-like-past-ipo-winners-reddit-astera-labs">several other companies</a> have made successful Wall Street debuts recently.&nbsp;
CRCL: Circle Internet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) continued to climb Friday after its dramatic debut last week . The IPO was priced at $31 and shares rocketed to $88 by the end of its first trading day.&nbsp;
The stock climbed to over $107 the following day and marked a two-day surge of nearly 250%, setting a new record for IPOs raising $500 million or more since 1980, according to <a href="https://fortune.com/2025/06/10/circle-ipo-stock-price-valuation-outlook/">Fortune</a>.&nbsp;
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CRWV: CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) has also proven to be a powerhouse following its late March IPO which debuted at $40 per share. The stock was trading around $145 on Friday, up nearly 270% since its IPO, with a market capitalization of more than $71 billion.&nbsp;&nbsp;
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Fintech news covering the emerging Financial Technology services sector

Fintech

IPOs

CHYM

CRCL

CRWV

Chime's IPO Marks Another Successful Wall Street Debut

A 36-year-old Reddit user resonated deeply with fellow millennials after <a href="https://www.reddit.com/r/Millennials/comments/1l9yxqc/im_36_live_paycheck_to_paycheck_have_no_savings/">posting</a> openly about their financial situation. They say they <a href="https://www.benzinga.com/personal-finance/management/25/05/45710917/whats-driving-americans-to-live-paycheck-to-paycheck-one-person-says-its-like-being-thrown-into-adulthood-without-a-map">live paycheck to paycheck</a>, have over $100,000 in debt, no savings and, perhaps most surprisingly, don't feel panicked about it. &#8220;I should be freaking out, but I just don't have the energy anymore,&#8221; they wrote.
<h2 class="wp-block-heading">Exhausted, Not Defeated</h2>
They explained that the bulk of their debt came from a private university degree in archaeology and classics that cost $200,000. Although they&#8217;ve managed to pay a significant portion down, they still owe about $40,000. Add to that a $30,000 <a href="https://www.benzinga.com/25/05/45523239/graham-stephan-explains-why-auto-loans-are-the-biggest-scam-in-america-its-scary">auto loan</a> and a personal loan taken out to help cover bills when student loan payments were $1,000 a month pre-COVID. &#8220;I couldn't afford to pay them and my other bills. So I <a href="https://www.benzinga.com/money/how-to-get-a-personal-loan">got a personal loan</a>.&#8221;
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&#8220;Maybe it's the state of the world and not knowing what's going to happen in the next few months, let alone years,&#8221; he wrote. &#8220;Or maybe I've just grown numb to my situation.&#8221;
The poster, who now works as a traveling contractor in a scientific field, said their current approach is simple: &#8220;I will either figure it out and make it work or I won't. But I can't bring myself to fret anymore.&#8221;&nbsp;
&#8220;A few years ago I would have freaked out and sent myself into a panic attack,&#8221; the person wrote. &#8220;And now it's here and I honestly don't care.&#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;
<h2 class="wp-block-heading">A Widespread Sentiment</h2>
In the replies, many reflected those feelings of burnout, resignation and financial paralysis. One commenter put it plainly: &#8220;I'm 39, just <a href="https://www.benzinga.com/news/25/03/44408726/got-laid-off-so-i-went-all-in-on-living-frugally-redditor-shares-how-they-saved-big-and-why-these-tips-may-be-more-important-than-ever">got laid off</a> from my job of 13 years and I'm about to lose my apartment due to rent increase. I feel ya OP.&#8221;
Multiple people shared stories of six-figure debts, stagnant wages, medical emergencies, and housing instability. A recurring theme was the feeling that no matter how hard they work, they&#8217;re falling behind.
&#8220;It seems like every time we&#8217;ve finally &#8216;leveled up&#8217; in jobs, raises, etc., there&#8217;s been a huge jump in costs along with it,&#8221; wrote one person. &#8220;We can never get our heads above the water.&#8221;
Another person shared that their household income fell from six figures to just $25,000 in two years. With over $100,000 in debt, they said they were forced to put their home up for sale.
Some shared that they've given up on the idea of retirement altogether. &#8220;I&#8217;ve resigned myself to working until I die,&#8221; one said.
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<h2 class="wp-block-heading">Acceptance Or Apathy?</h2>
Though the post received plenty of support, a few commenters pushed back. &#8220;I understand the exhaustion, but I don&#8217;t think this is normal,&#8221; one person replied. Another warned, &#8220;You should not be perfectly okay with your situation. It's one thing to recognize and acknowledge your reality, but you need to use that clarity to inform your actions and decisions going forward.&#8221;
Even the poster admitted that while their mindset helps them cope, it&#8217;s probably not the healthiest: &#8220;People do have this exact thinking when it comes to their health. And it's definitely not healthy. And it's probably not healthy for me to think this way either. But I've done my freaking out for years and it's never done any good.&#8221;
Still, the overwhelming tone in the thread was solidarity, not judgment, and many said the post made them feel less alone.&nbsp;
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A Millennial Living Paycheck To Paycheck With $100K In Debt Says, 'I Should Be Freaking Out, But I Just Don't Have The Energy Anymore'

Elon Musk has drawn criticism for attributing the murder of a Minnesota lawmaker to the &#8220;far left,&#8221; a claim that was even refuted by his own AI chatbot, Grok.
What Happened: Musk faced a backlash on social media after he shared a user&#8217;s claim that the assassination of Democratic State Rep. Melissa Hortman and other recent political attacks were committed by &#8220;the left.&#8221;
Contrary to Musk&#8217;s claim, preliminary evidence indicates that the alleged shooter, Vance Luther Boelter, was targeting individuals frequently characterized as &#8220;far left&#8221; by critics.
<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">The far left is murderously violent <a href="https://t.co/P9rVtCtdBv">https://t.co/P9rVtCtdBv</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1933950533813068181?ref_src=twsrc%5Etfw">June 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
A list of targets was reportedly found in his car, comprising top Minnesota Democrats and abortion providers and advocates.
Also Read: <a href="https://www.benzinga.com/news/entertainment/25/06/45939469/elon-musks-x-to-shake-up-financial-media-with-reality-tv-show">Elon Musk&#8217;s X to Shake Up Financial Media With Reality TV Show</a>
Musk&#8217;s post was met with widespread derision. Neera Tanden, a former senior aide in the Biden administration, echoed President Donald Trump&#8216;s sentiment that Musk had &#8220;just went CRAZY.&#8221;
Interestingly, Musk&#8217;s AI bot Grok, a product of his company xAI, contradicted his claim, stating, &#8220;The claim that &#8216;the left&#8217;&nbsp;is murderously violent isn&#8217;t backed&nbsp;by evidence. No&nbsp;side is inherently violent; generalizations&nbsp;oversimplify a complex issue.&#8221;
Social media users found amusement in Musk&#8217;s own AI debunking his statement. &#8220;Watching Grok&nbsp;debunk lies in real time&nbsp;is&nbsp;the only thing that keeps&nbsp;me on this app,&#8221; one user remarked.
Why It Matters: This incident underscores the influence and responsibility of high-profile figures like Musk in shaping public discourse. 
It also highlights the potential of AI technology, such as Grok, in fact-checking and combating misinformation in real time. 
The irony of Musk&#8217;s own AI refuting his claim has not been lost on observers, adding a layer of complexity to the ongoing debate about the role of AI in moderating online content.
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Elon Musk Criticized for Linking Minnesota Assassination to 'Far Left'

Billionaire Mark Cuban has been one of <a href="https://www.benzinga.com/general/sports/25/05/45532793/mark-cubans-favorite-social-media-platform-bluesky-makes-live-sports-important-part-of-ecosystem">the largest proponents </a>of social media platform Bluesky, which has grown its user base as an alternative to X. Cuban's criticism of Bluesky in recent weeks could be a major headwind for the platform.
What Happened: Similar<a href="https://www.benzinga.com/general/entertainment/25/05/45472538/mark-cuban-bids-farewell-to-shark-tank-how-to-watch-finale-and-whats-next-for-hit-show"> to leaving "Shark Tank"</a> to focus on other aspects of his life, Cuban could be ready to move on from Bluesky to focus on a better social media platform.
Cuban said Bluesky has "grown ruder and more hateful" in a recent post, as <a href="https://nypost.com/2025/06/12/business/blueskys-lack-of-diversity-of-thought-driving-users-back-to-x-mark-cuban/">reported </a>by the New York Post.
"The lack of diversity of thought here is really hurting usage," Cuban <a href="https://bsky.app/profile/mcuban.bsky.social/post/3lr4ncvgkg22q">said</a>, while sharing an opinion piece from The Washington Post that said Bluesky's decline comes from "never hearing from the other side."
Cuban said the recent activity on Bluesky likely has users going back to X, formerly known as Twitter.
"There used to be great give and take discussions on politics and news. Not so much any more." Doesn't have to be this way."
The billionaire <a href="https://bsky.app/profile/mcuban.bsky.social/post/3lr4pocpxck2q">said </a>that Bluesky has advanced moderation tools and people can block others rather than attacking them. Cuban said that his posts are now met with anger and criticism rather than discussion.
"Engagement went from great convos on many topics, to agree with me or you are a nazi fascist."
Adding insult to injury, several Bluesky users didn't like Cuban's criticism of the platform and told him to leave.
You may not be a billionaire like Mark Cuban, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45827517/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-68">check out five stocks flying under the radar that deserve your attention.</a>
Why It's Important: While Bluesky users may be pushing Cuban from the platform he once supported so strongly, X is ready to welcome Cuban back.
"Welcome home to the true global town square!" X CEO Linda Yaccarino <a href="https://x.com/lindayaX/status/1933168773512458439">said </a>while sharing Cuban's post criticizing Bluesky.
On X, Cuban has nine million followers. He has been posting more on the platform in recent days.
Cuban's last post on Bluesky was three days ago. On Bluesky, Cuban has 1.4 million followers and is the second-most followed person, trailing only Congresswoman Alexandria Ocasio-Cortez (2 million).
The decentralized social media, which is an alternative to X, saw strong growth after X owner Elon Musk endorsed Donald Trump for president in the 2024 election. The platform also saw strong growth after Trump won the election in November 2024.
The Bluesky user base tripled from 10 million to more than 30 million between November 2024 and May 2025, the report said, citing Pew Research Center data.
With one of the largest voices on Bluesky critical and saying people aren't allowed to share different opinions without getting attacked, users new and old may be scared away and find themselves back on X.
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Social Media

Mark Cuban Criticizes Bluesky, Gets Welcome Back On X By CEO Yaccarino: 'Welcome Home To The True Global Town Square'

GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) has agreed to pay $4.5 million to its customers following allegations of privacy law violations. The gaming retailer was accused of sharing personal customer information with Facebook without consent.
What Happened: GameStop Corp is gearing up to distribute millions to its customers to settle a class action lawsuit. The lawsuit accused the company of violating&nbsp;the federal Video Privacy Protection&nbsp;Act (VPPA) by allegedly sharing sensitive customer data with Facebook.
The gaming retailer is specifically accused of implementing&nbsp;a Facebook tracking pixel on&nbsp;its website. This pixel allegedly sent customer&#8217;s personal information, including details of video game purchases, to Facebook without their knowledge or consent.
The settlement, which totals $4.5 million, applies to individuals&nbsp;who purchased a game from&nbsp;GameStop&#8217;s online store between August 18th, 2020, and April 17th, 2025. 
To qualify for the settlement, customers must have been Facebook members&nbsp;and maintained a public Facebook&nbsp;profile using their real name at the time of purchase.
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While the exact number of affected customers is not yet known, the settlement suggests that hundreds of thousands of customers may be eligible for compensation. Affected&nbsp;customers are set to receive&nbsp;up to $5 cash or&nbsp;a $10 voucher.
Despite agreeing to the settlement, GameStop has not admitted to any wrongdoing. The company has, however, committed to permanently removing&nbsp;the tracking pixel to prevent&nbsp;future unauthorized data sharing.
Why It Matters: This settlement highlights the increasing scrutiny on companies to ensure they adhere to privacy laws and respect customer data. 
As consumers become more aware of their digital rights, companies like GameStop are being held accountable for their data practices. 
This case serves as a reminder for businesses to review their data sharing practices and ensure they are in line with legal requirements.
Image: Shutterstock/Jillian Cain Photography

GameStop to Pay $4.5 Million Over Alleged Privacy Violations Involving Facebook Data Sharing

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has unveiled iOS 26 and the Liquid Glass interface at its Worldwide Developers Conference. The event also highlighted enhancements to CarPlay, the Vision Pro, and the iPad.
Bloomberg's Mark Gurman, in his <a href="https://www.bloomberg.com/news/newsletters/2025-06-15/wwdc-2025-biggest-releases-ipados-26-multitasking-visionos-26-and-new-carplay-mbxm63s2?srnd=undefined&amp;sref=TBDibEcD">latest</a> weekly "Power On&#8221; reported that the Liquid Glass interface, which unifies all of Apple&#8217;s operating systems for the first time, was the most discussed feature at the conference. However, other significant upgrades were also introduced, including to CarPlay and the iPad.
CarPlay for iOS 26 now includes the use of widgets, allowing users to view calendar appointments, weather updates, and stock tickers. Other enhancements include improved call notifications and texting capabilities, and the ability&nbsp;to AirPlay video from your&nbsp;phone to the car&#8217;s touch screen.
The iPad also saw significant changes, with Apple finally perfecting its approach to multitasking. Users can now easily move windows around,&nbsp;activate the Expose mode to&nbsp;view all active windows, and use&nbsp;the new toggles for window&nbsp;tiling.
Another highlight of the event was&nbsp;the new eye-scrolling feature on&nbsp;the Vision Pro headset, which allows users&nbsp;to scroll up and down&nbsp;webpages and apps by simply looking at them. The Vision Pro software also includes widgets that let users customize objects on the walls.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/06/45829938/apples-liquid-glass-interface-set-to-revolutionize-ios-26-hints-at-20th-anniversary-iphone">Apple&#8217;s Liquid Glass Interface Set To Revolutionize iOS 26, Hints At 20th Anniversary iPhone</a>
Despite these advancements, Apple&#8217;s AI remains a challenge. The company aims to launch the postponed Siri AI upgrade in spring 2026.
Apple&#8217;s WWDC 2025 has brought significant advancements to its product line, with the Liquid Glass interface being a game-changer. This interface unifies all of Apple&#8217;s&nbsp;operating systems for the first&nbsp;time, creating a seamless user experience across devices.
The enhancements to CarPlay and the iPad are also noteworthy. The inclusion of widgets in CarPlay for iOS 26, along with improved call notifications and texting capabilities, will greatly enhance user convenience. The ability&nbsp;to AirPlay video from your&nbsp;phone to the car&#8217;s touch screen is another significant upgrade.
For the iPad, the perfected approach to multitasking will allow users to manage their tasks more efficiently. The&nbsp;new eye-scrolling feature on the&nbsp;Vision Pro headset is another innovative feature that will change the way users interact with webpages and apps.
However, the challenge of improving Apple&#8217;s AI remains. The postponed Siri AI upgrade is eagerly awaited and will be a key focus for the company in the coming year.
Read Next
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AAPL

Apple's WWDC 2025: Unveiling Ios 26, Liquid Glass Interface And Carplay Enhancements

Real estate mogul Grant Cardone has made his stance on consumer debt crystal clear. In a recent <a href="https://x.com/GrantCardone/status/1932580122852245951">post on X</a>, the real estate mogul and motivational speaker warned that debt doesn't just slow people down financially—it traps them.
&#8220;Consumer debt makes slaves!&#8221; Cardone wrote. He broke it down into five main consequences: &#8220;Can't invest, can't keep up, pay extra for everything, can't build net worth, never live stress free.&#8221;
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<h2 class="wp-block-heading">Personal Loans Keep Rising</h2>
Cardone's post reflects a growing concern in the U.S. as <a href="https://www.benzinga.com/personal-finance/25/05/45497552/americans-consumer-debt-hits-all-time-high-of-18-2-trillion-experts-say-some-borrowers-will-have-a-much-more-difficult-time-getting-credit-going-forward">consumer debt</a> keeps climbing. <a href="https://www.lendingtree.com/personal/personal-loans-statistics/">According to</a> LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>), Americans owed a record $251 billion in personal loan debt as of the fourth quarter of 2024. That's a $6 billion jump from the year before.
And it's not just the total amount. TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>) <a href="https://newsroom.transunion.com/q4-2024-ciir/">data</a> shows that the number of Americans with personal loans hit 24.5 million, up from 23.5 million a year earlier. While personal loan debt still makes up just 1.4% of all consumer debt, it accounts for 5% of non-mortgage debt. For comparison, credit card debt is much higher, <a href="https://www.benzinga.com/news/25/02/43888952/americans-owe-a-record-1-21-trillion-in-credit-card-debt-expert-warns-theres-no-end-in-sight">sitting at $1.211 trillion</a>, or 6.7% of total outstanding debt.
According to TransUnion, the average personal loan balance per borrower is $11,607. Nearly half of borrowers take out loans just to consolidate or refinance other debt. Another 10% use the money to pay everyday bills.
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As Cardone wrote, &#8220;You pay extra for everything&#8221; when you&#8217;re stuck in debt. High interest rates only make it worse. Borrowers with excellent <a href="https://www.benzinga.com/money/what-is-a-good-credit-score">credit scores</a> &#8212; over 720 &#8212; can expect personal loan APRs around 17.71%. But for those with poor credit &#8212; below 560 &#8212; rates skyrocket to over 200%, according to LendingTree data.
Despite high costs, personal loan use is expected to grow. People turn to them as credit card debt rises. LendingTree notes that many borrowers aren&#8217;t necessarily in crisis—they might be <a href="https://www.benzinga.com/money/home-equity-loan-for-remodeling">remodeling a home</a> or covering a big expense. Still, as Cardone puts it, for those already stretched thin, more borrowing can result in serious stress and financial strain.
<a href="https://www.benzinga.com/markets/equities/24/11/42080723/cathie-wood-sounds-alarm-on-us-auto-loans-as-90-day-delinquency-rates-surpass-2009-levels">Delinquency rates</a> also tell a cautionary tale. TransUnion reported that as of Q4 2024, 3.57% of personal loan accounts were 60 or more days past due. That's an improvement from the year before but still higher than rates for mortgages &#8212; 1.29% &#8212; or credit cards &#8212; 2.56%.
Cardone's message is harsh but timely. With debt balances climbing and millions relying on personal loans to stay afloat, his warning resonates: consumer debt doesn't just drain your wallet—it can drain your peace of mind.
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TREE

Grant Cardone Says 'Consumer Debt Makes Slaves.' It Stops You From Investing, Costs You More, And Chains You To Stress

Summer Fridays were once a common perk in corporate America, but are fading from the workplace thanks in large part to the rise of remote and <a href="https://www.benzinga.com/news/topics/25/06/45908840/as-layoffs-mount-one-question-is-getting-louder-what-happens-to-skyscraper-offices-in-cities-like-boston-when-people-are-replaced-by-ai">hybrid work models.</a>
What To Know: The phrase, "Summer Fridays" traditionally refers to the benefit allowing employees to leave early or take Fridays off during the summer months and get a head start on the weekend.&nbsp;
However, as organizations have embraced flexible<a href="https://www.benzinga.com/news/topics/25/06/45905463/dont-design-policies-around-the-bottom-5-warns-stripe-president-says-top-remote-workers-are-coding-up-a-storm-in-an-idaho-cabin"> work arrangements</a>, the need for a dedicated "summer Friday" has diminished, and the perk has become increasingly rare.
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Before the pandemic, Summer Fridays were widely offered as a morale booster and a way to attract talent in a competitive job market. In 2019, over half of U.S. companies provided some form of summer benefit, according to Gartner HR.&nbsp;
Following the shift to remote and hybrid work, only about a third of workers reported having access to this perk by 2024. The reason is clear: with employees able to work from home, the rigidity of the traditional workweek has loosened. 
&#8220;Summer Fridays were once seen as a perk that allowed employees some flexibility during the summer months,&#8221; Jonathan Weindel, head of data analytics at Envoy, told EBN. 
&#8220;This has just lost a lot of relevance today. And there&#8217;s a lot more intentionality around what employees are doing when they&#8217;re actually in the workplace, primarily Tuesdays through Thursdays.&#8221;
However, as companies prioritize productivity and profitability the Summer Friday tradition is being replaced by broader, year-round flexibility.
The evolution of work culture means that, while Summer Fridays may be disappearing as a formal policy, the underlying desire for flexibility and work-life balance remains strong.&nbsp;
In the end, the spirit of Summer Fridays may live on, even as the tradition itself fades into the background.
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Psychology

Management

General

Summer Fridays Are Over—Blame It On Remote Work

During a recent episode of his <a href="https://www.youtube.com/watch?v=7gwrvsz-4xg">podcast</a>, &#8220;Office Hours with Prof G,&#8221; marketing professor and investor Scott Galloway had a straightforward message: America needs to stop shaming the unremarkable. "99% of us are not in the top 1%," he said, calling out a higher education system that, in his view, has abandoned most people.
<h2 class="wp-block-heading">Galloway: It&#8217;s Time To Respect The Unremarkable</h2>
Responding to a listener who asked what advice he has for young people who aren't elite students or high achievers, Galloway explained that he sees himself in that category. "I was unremarkable growing up," he said. "Didn't do well academically, didn't test well. But back then, America loved the unremarkable."
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He criticized the current model of higher education, arguing that it prioritizes the wealthy and the exceptional. "Higher education in America is about helping the bottom 90%, not identifying tax breaks and programs to make the top 10% the top 1%," Galloway said.&nbsp;
"I feel like higher education is leading this downfall by deciding that we are there for the children of rich people or for the freakishly remarkable," he added.&nbsp;
To show how common the stigma still is, Galloway described how at social gatherings, people often lower their voices when mentioning that their child is <a href="https://www.benzinga.com/news/24/10/41256368/college-dropout-makes-750k-per-year-in-real-estate-he-doesnt-sell-houses-or-own-a-single-piece-of-pr">dropping out of college</a>. "We all speak in hush tones," he said, "like the family's done something wrong or Bobby's mentally ill." He argued that this attitude is unfair and outdated. "A lot of kids are just <a href="https://www.benzinga.com/news/topics/25/06/45754862/peter-schiff-agrees-with-trump-that-college-isnt-worth-it-for-most-his-fix-scrap-the-minimum-wage-and-let-kids-learn-trades-on-the-job">not cut out for college</a>, especially a lot of <a href="https://www.benzinga.com/personal-finance/25/05/45570238/when-men-dont-have-money-theyre-just-less-attractive-says-professor-scott-galloway-as-men-without-college-degrees-now-earn-22-less">young men</a>."
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He believes the U.S. needs to expand apprenticeships and stop fetishizing college degrees. According to him, in Germany and the U.K., 11% of young professionals have ‘apprentice' in their LinkedIn title. In the U.S., it's 3%.
Galloway highlighted the benefits of vocational training, citing that even high school juniors taking auto shop classes are earning up to $70,000 without completing their senior year.
<h2 class="wp-block-heading">Critique Of The American Workplace And Youth Policy</h2>
On the topic of returning to office work, Galloway stood by his long-held belief that the <a href="https://www.benzinga.com/news/25/05/45483359/jamie-dimon-says-dont-tell-jpmorgan-what-to-do-as-he-tells-remote-workers-you-cant-learn-working-fro">office is key</a> for younger professionals to find mentorship, community, and even relationships. "One in three relationships begins at work," he said.
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But he acknowledged that a blanket five-day <a href="https://www.benzinga.com/news/large-cap/25/01/42903361/amazon-workers-return-to-office-with-some-exceptions-reported">return-to-office policy</a> can hurt caregivers and parents. Galloway said companies should recognize the needs of employees with caregiving duties or those with health struggles, suggesting they offer remote work as a thoughtful and practical benefit. He added that flexibility might come with lower pay but called it a fair trade-off.
He also criticized policies that favor older, wealthier Americans. "The average 70-year-old is 72% wealthier than they were 40 years ago. The average person under 40 is 24% less wealthy," he said. That's "an incredible transfer of wealth from young to old."
For young people trying to figure out their path, Galloway offers a grounding message: "Living a good life at modest means—getting up, taking care of your family, being a good partner, being a good citizen—there's real honor in that."
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'99% Of Us Are Not In The Top 1%,' Says Scott Galloway, Believes Higher Education Has Given Up On Everyone But The Rich And The Exceptional

The strategic chokepoint of the Strait of Hormuz — the maritime artery through which nearly 20% of global oil flows — is back on the radar of Wall Street research desks, as analysts asses the risk of a crude supply shock following Israel's latest strikes <a href="https://www.benzinga.com/topic/iran">on Iran's nuclear infrastructure.</a>
Squeezed between Iran and Oman, this thin strip of water narrows to just two shipping lanes of only 2 nautical miles each, leaving global oil flows dangerously exposed.
With the Israel-Iran standoff intensifying, the Strait of Hormuz is becoming a major worry for investors and the global economy. 
<h3 class="wp-block-heading">Oil Spiking Above $100 Still A Tail Risk, But Rising In Probability</h3>
Following the 12% weekly jump in oil prices – as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) – Goldman Sachs has increased its near-term geopolitical risk premium. 
In a note shared Friday, commodity analyst Daan Struyven estimated that if Iranian oil infrastructure is damaged and 1.75 million barrels per day are knocked offline for six months, Brent could briefly spike above $90. 
A broader regional escalation that impacts the Strait of Hormuz, however, could push oil above $100 in what Goldman Sachs describes as a "tail risk but non-negligible" scenario.
&#8220;Almost a third of global seaborne oil trade moves through the Strait of Hormuz. While some portion of oil flows could be diverted to avoid the Strait, it still leaves roughly 14m b/d of oil supply at risk,&#8221; said ING commodity analyst Warren Patterson. 
"A significant disruption would be enough to push Brent to $120 per barrel," he added.
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Patterson also noted that global LNG markets would be squeezed, as Qatar — which supplies 20% of the world's liquefied natural gas — depends entirely on this chokepoint, with no viable alternate routes.
According to Kristian Kerr, head of macro strategy at LPL Financial, the market is closely watching how Iran might retaliate, particularly through its proxies. 
"The primary market concern lies with Iran potentially closing the Strait of Hormuz, a critical chokepoint for global oil and gas," Kerr said. 
"We think that's unlikely for now, given Iran&#8217;s need to maintain oil sales to China."
Kerr added that $80 per barrel is an important psychological threshold. A break above that level could trigger broader volatility across equity and credit markets. 
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Analyst Color

Macro Economic Events

Commodities

Global

Economics

Analyst Ratings

A Thin Strip Of Water Keeps The World Economy On Edge: Will It Trigger A $100 Oil Shock?

<a href="https://www.benzinga.com/money/tips-first-time-homebuyers">Owning a home</a> is often seen as a dream financial goal, offering stability and long-term wealth-building potential. However, many potential buyers overlook the costs, focusing mainly on the down payment and monthly mortgage. Most don't realize that numerous hidden expenses can quickly add up, potentially throwing off their financial plans.
While a home may seem like a great investment in the moment, the ongoing costs involved can be far more than what you initially bargained for.
A recent Bankrate Hidden Costs of Homeownership <a href="https://www.bankrate.com/home-equity/hidden-costs-of-homeownership-study/">Study</a> sheds light on these often-overlooked costs. Beyond the mortgage, homeowners face maintenance, property taxes, HOA fees, utilities, and insurance, all of which can take a significant toll on their finances.
The study found that maintenance alone can cost homeowners about 1% of the home's value annually, meaning an average $300,000 home could require around $3,000 a year just for upkeep. Property taxes <a href="https://www.benzinga.com/real-estate/reit/19/08/14321132/are-hoa-fees-negotiable">and HOA fees</a> are also key contributors, with the potential to increase over time. Unexpected repairs, like HVAC or roof issues, can further strain finances.
These unanticipated expenses often surprise new homeowners, who may not be prepared for the financial reality of owning a home.
Utilities and energy costs often surprise homeowners as well. These expenses, along with homeowners' insurance (and flood insurance in some cases), add to ongoing costs that must be planned for. The Bankrate study highlights how these hidden costs can <a href="https://www.benzinga.com/money/the-power-of-compound-interest">compound over time</a>, especially as homes age and <a href="https://www.benzinga.com/money/what-are-property-taxes-a-comprehensive-guide">property taxes rise</a>.
Even routine costs like water and electricity, which might seem small at first, can grow significantly over the years. On top of these, homeowners may face fluctuating costs depending on seasonal changes, like higher heating or cooling bills. As homes age, they may require more frequent maintenance or upgrades, further driving up expenses.
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</ul>
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Financial Advisors

Real Estate

Why That Dream Home May Cost More Than You Expect

President Donald Trump has issued a stern warning to Iran. He has stated that any attack on US forces or land would be met with an unprecedented military response.
What Happened: On Sunday Trump clarified that the US had no involvement in Israel&#8217;s recent attack on Iran, amidst ongoing aerial assaults between the two Middle Eastern nations.
Trump&#8217;s message was <a href="https://truthsocial.com/@realDonaldTrump/posts/114685507052179501">posted</a> on Truth Social, where he stated, &#8220;If we are attacked in any way, shape or form by Iran, the full strength and might of the US Armed Forces will come down on you at levels never seen before.&#8221; He also expressed hope for a peaceful resolution between Iran and Israel.
&#8220;We can easily get a deal done between Iran and Israel, and end this bloody conflict!!!,&#8221; he said. 
Meanwhile, Iran retaliated against Israel&#8217;s Operation &#8220;Rising Lion,&#8221; resulting in at least 10 deaths and over 200 injuries. Iran&#8217;s&nbsp;Foreign Affairs Minister Abbas Araghchi&nbsp;called for the US to&nbsp;condemn Israel&#8217;s attacks on its nuclear facilities, stating that Iran was merely defending itself.
Also Read: <a href="https://www.benzinga.com/markets/equities/25/06/45930362/for-investors-the-highest-probability-scenario-from-israel-iran-war-isnt-what-you-think-its-a-tr">For Investors, The Highest-Probability Scenario From Israel-Iran War Isn&#8217;t What You Think &#8211; It&#8217;s A Trump Card</a>
Trump&#8217;s administration had been in talks with Iranian officials before the discussions began to deteriorate in early June. 
A sixth round of meetings was scheduled for Sunday in Oman, but was disrupted by Israel&#8217;s attack. European officials have offered to open talks with Iran&#8217;s nuclear program in an attempt to deescalate the situation.
Why It Matters: This development comes at a time when tensions in the Middle East are escalating. The US, under Trump&#8217;s administration, has been trying to mediate between Iran and Israel, but the recent attack by Israel on Iran has complicated matters. 
The warning issued by Trump is indicative of the US&#8217;s stance on the issue and its commitment to protect its forces and land. 
This could potentially lead to a shift in the dynamics of the Middle East, affecting not only the countries involved but also the global political landscape.
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Trump Threatens Iran With Unprecedented US Military Action In Case Of Attack: 'If We Are Attacked In Any Way, US Armed Forces Will Come Down On You At Levels Never Seen Before'

Among the top mid-cap stocks that gained last week, most were energy stocks, driven by a spike in oil prices fueled by the Middle East conflict.
<ol class="wp-block-list">
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) stock rose 26.59% after the company was issued a <a href="https://www.benzinga.com//node/45909275">Notice of Intent</a> to Award by the Defense Logistics Agency Energy to provide clean power through its Aurora powerhouse for a U.S. Air Force site. It also raised $400 million via an equity offering, and several analysts increased their <a href="https://www.benzinga.com/quote/OKLO/analyst-ratings">price forecasts on the stock</a>.</li>
<li>Bausch Health Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) stock increased 25.63% last week.</li>
<li>Quantum Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock climbed 21.75% last week after Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang <a href="https://www.benzinga.com//node/45889749">commented that quantum computers</a> will soon solve real-world problems beyond classical computing, boosting interest in quantum-linked stocks.</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) stock gained 20.29% last week due to rising oil prices amid heightened geopolitical tensions in the Middle East.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) stock rose 18.87% last week after reports that the Trump administration <a href="https://www.benzinga.com//node/45846703">plans to invoke Cold War-era</a> powers to accelerate rare earth projects.</li>
<li>Sasol Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) stock increased 18.48% last week.</li>
<li>Darling Ingredients Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAR#NYSE">DAR</a>) gained rose 17.11% last week.</li>
<li>Civitas Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>) stock increased 16.77% last week following energy sector momentum driven by surging oil prices and Middle East instability.</li>
<li>PBF Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>) stock rose 15.41% last week after energy stocks rallied amid rising crude prices and geopolitical conflict.</li>
<li>CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) stock gained 14.83% last week after the strength of the oil market lifted energy shares broadly.</li>
</ol>
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/45940507/oracle-ast-spacemobile-and-halliburton-are-among-top-10-large-cap-gainers-last-week-june-9-13-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Oracle, AST SpaceMobile And Halliburton Are Among Top 10 Large Cap Gainers Last Week (June 9-13): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/45940506/applovin-chewy-and-carvana-are-among-top-11-large-cap-losers-last-week-june-9-13-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">AppLovin, Chewy And Carvana Are Among Top 11 Large Cap Losers Last Week (June 9-13): Are The Others In Your Portfolio?</a></li>
</ul>
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