Dimensional ETF Trust Dimensional Emerging Markets Core Equity 2 ETF (ARCA: DFEM)

Dernières nouvelles pour Dimensional ETF Trust Dimensional Emerging Markets Core Equity 2 ETF (ARCA:DFEM)

Dimensional ETF Trust Dimensional Emerging Markets Core Equity 2 ETF

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Consumer Defensive

Healthcare

Utilities

Real Estate

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development), authorized for investment by the Advisor Investment Committee (Approved Markets). The Portfolio will invest in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies. The Portfolios increased exposure to smaller capitalization, lower relative price, and higher profitability companies may be achieved by decreasing the allocation of the Portfolios assets to larger capitalization, higher relative price, or lower profitability companies.

Tsmc

Tencent Holdings Ltd

Samsung Electronics Co. Ltd. Pfd Shs Non -Voting

Bank China Construction B

Icici Bank Ltd. Sponsored Adr

Petroleo Brasileiro Sa:Pfd 0.000

PDD Holdings Inc

Dimensional Emerging Markets Core Equity 2 ETF

News

OKLO

New York To Construct First Major US Nuclear Plant In 15 Years Amid Trump's Push To Fast-Track Atomic Energy

Jacobs And AtkinsRéalis Named Environmental And Sustainability Partner For National Highways' Net Zero Strategy

Macro Economic Events

Econ #s

Economics

Germany Ifo Business Climate Index For June 88.4 Vs. 88.1 Est.; 87.5 Prior

Germany Current Assessment For June 86.2 Vs. 86.5 Est.; 86.1 Prior

Germany Business Expectations For June 90.7 Vs. 90.0 Est.; 89.0 (Revised) Prior

Venture capitalist Chamath Palihapitiya has delivered a scathing critique of Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) innovation prospects during an episode of the All-In podcast, bluntly stating the tech giant has no "chance of anything" when it comes to <a href="https://www.benzinga.com/markets/tech/25/06/45831001/wwdc-2025-not-expected-to-have-any-major-ai-breakthroughs-but-apple-analyst-says-watch-out-for-these-3-key-points">future breakthroughs</a>.
What Happened: During a discussion on the All-In podcast last week, Jason Calacanis asked the panel what Apple could pursue next — AI, wearables, smart glasses, or something unexpected.
Chamath Palihapitiya didn't mince words. "I don't think they have any chance of anything," he replied flatly.&nbsp;
He pointed to a revenue chart showing Apple's heavy dependence on iPhone sales and accused the company of relying on minor product updates — such as changing charging cables — to generate incremental revenue.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand" target="_blank" rel="noreferrer noopener">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand&#8217;</a>
"A company that focuses on this kind of revenue growth is not capable of creating something that&#8217;s exceptionally unexpected," Chamath said. "That will come from a new company, who has no ties to the past, has no nostalgia, on the fact that we&#8217;re gonna swap out the connector type and book another billion dollars."
He added that internal culture at Apple, where even AirPods revenue dwarfs OpenAI, likely leads to dismissive attitudes that stifle bold new ideas.
Thomas Laffont, co-founder of Coatue, pushed back slightly, crediting Apple for successfully pivoting from hardware to recurring revenue—but acknowledged that the next transition, likely toward AI, may be far harder.
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<iframe loading="lazy" title="&quot;I Don&#039;t Think Apple Has A Chance&quot; - The Brutal Truth About Apple - Chamath Palihapitiya" width="500" height="281" src="https://www.youtube.com/embed/2JOhIoTsy0c?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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Why It's Important: Palihapitiya's comments highlight <a href="https://www.benzinga.com/media/25/05/45486193/why-is-apple-still-behind-on-ai-expert-dissects-reasons-behind-iphone-maker-lagging-likes-of-microsoft-and-amazon-despite-poaching-googles-ai-chief">growing skepticism about Apple's ability</a> to lead in emerging tech areas like AI and spatial computing, especially in comparison to nimble startups and competitors like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
Apple executives have reportedly held internal discussions <a href="https://www.benzinga.com/markets/tech/25/06/46041473/apple-eyes-perplexity-ai-acquisition-while-facing-shareholder-lawsuit-over-exaggerated-ai-progress-report">about a potential acquisition</a> of Perplexity AI, with M&amp;A chief Adrian Perica raising the idea to senior leaders. However, no direct contact has been made with Perplexity, which said it is unaware of any current or future merger talks.
Last month, it was reported that Apple is planning to <a href="https://www.benzinga.com/media/25/05/45580078/apple-could-reportedly-launch-ai-smart-glasses-next-year-and-here-is-what-all-they-are-expected-to-do">launch AI-powered smart glasses</a> in late 2026 to compete with Meta&#8217;s Ray-Bans. Apple aims to begin mass-producing prototypes by the end of 2025. The glasses are expected to feature cameras, microphones, and speakers, allowing environmental awareness and voice interaction via Siri.
<a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">Apple reported fiscal second-quarter revenue</a> of $95.36 billion, surpassing analyst expectations of $94.53 billion. iPhone revenue totaled $46.84 billion, up from $45.96 billion in the same quarter last year.
Price Action: Apple shares are down 17.37% year-to-date and have fallen 3.19% over the past 12 months. On Monday, the stock increased 0.25% during regular trading and added another 0.44% after hours, per <a href="http://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings reflect a continued downward trend for Apple across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More performance details are available 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/2025/06/24031616/Screenshot-2025-06-24-at-6.57.46%E2%80%AFAM-1-1.png" alt="" class="wp-image-959225" /></a></figure>
Photo Courtesy: Kathy Hutchins On Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45489038/us-stocks-likely-to-open-lower-after-moodys-downgrade-bear-market-isnt-fully-recovered-yet-but-it-is-close-says-expert" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Lower After Moody&#8217;s Downgrade: ‘Bear Market Isn&#8217;t Fully Recovered Yet, But It Is Close,&#8217; Says Expert</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

AAPL

GOOG

GOOGL

What's Next For Apple — Chamath Palihapitiya Fires Back: 'Don't Think They Have Any Chance Of Anything,' Dismisses Glasses And AI Hopes

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) faces a wrongful death lawsuit filed in a federal court in New Jersey's Camden over a 2024 crash involving a Tesla Model S that claimed three lives.
What Happened: The lawsuit, filed by the estates of the three victims David and Michele Dryerman, both 54, and their daughter Brooke, 17, alleges the crash, which took place on New Jersey's Garden State Parkway, happened due to the Model S's "defective and unreasonably dangerous design," Reuters reported on Monday.
The plaintiffs, who include the family's elder son Max Dryerman, seek an unspecified amount in compensatory damages, the report suggests.
The crash took place on September 14, 2024, when the Dryermans were on their way home from a music festival when their Tesla Model S ran off the road. All the victims were wearing seatbelts.
"Thousands of Tesla drivers have relied on Tesla&#8217;s ADAS technology as though it were capable of safe, fully autonomous self-driving with minor software updates when in fact it is incapable of safely handling a variety of routine roadway scenarios without driver input," the complaint cited in the report said.
Why It Matters: The lawsuit comes as Tesla is also under scrutiny from NHTSA for <a href="https://www.benzinga.com/markets/tech/25/06/46067027/tesla-robotaxi-faces-nhtsa-scrutiny-over-traffic-violations-during-austin-launch">possible traffic violations</a> during Sunday's <a href="https://www.benzinga.com/markets/tech/25/06/46045542/tesla-launches-robotaxi-in-austin-elon-musk-calls-it-a-culmination-of-a-decade-of-hard-work">much-awaited Robotaxi launch</a> in Austin, which was a limited rollout with 10 Tesla Model Ys in an invite-only event.
However, Tesla also sought to keep its responses to a <a href="https://www.benzinga.com/markets/tech/25/06/46066530/tesla-wants-to-keep-its-texas-self-driving-data-private-amid-austin-robotaxi-launch-report">separate NHTSA inquiry</a> about the FSD or Full-Self Driving tech's performance in poor weather conditions private, as Elon Musk's EV giant cited concerns regarding confidential information regarding the workings of its system being used by competitors.
Tesla's FSD tech has <a href="https://www.benzinga.com/markets/tech/25/06/45945298/tesla-model-3-on-fsd-mode-struck-by-train-after-getting-trapped-on-railroad-tracks-report">raised concerns</a> over its safety, as two incidents involving Tesla vehicles in <a href="https://www.benzinga.com/markets/tech/25/06/45991698/tesla-cybertruck-caught-driving-in-wrong-lane-on-fsd-just-days-before-robotaxi-launch">self-driving mode</a> involved instances where the occupants' safety was threatened.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46049232/dan-ives-hails-very-impressive-robotaxi-ride-in-austin-predicts-55-upside-for-tesla-stock-as-golden-age-begins">Dan Ives Hails &#8216;Very Impressive&#8217; Robotaxi Ride In Austin, Predicts 55% Upside For Tesla Stock As &#8216;Golden Age Begins&#8217;</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

TSLA

Elon Musk's Tesla Faces Wrongful Death Lawsuit Over Model S Crash Which Claimed 3 Lives: Plaintiffs Call Car's Design 'Defective And Unreasonably Dangerous'

U.S. Senator&nbsp;Elizabeth Warren&nbsp;(D-Mass) has reportedly confronted Secretary of State&nbsp;Marco Rubio&nbsp;about a proposal to redirect&nbsp;$500 million from USAID to the&nbsp;disputed Gaza Humanitarian Foundation (GHF).
What Happened: Warren, in a letter to Rubio and USAID&#8217;s acting administrator, Kenneth Jackson, expressed concerns about the GHF, an organization that identifies itself as a humanitarian aid group, supported by both the Israeli and U.S. governments, <a href="https://www.theguardian.com/us-news/2025/jun/20/elizabeth-warren-marco-rubio-gaza-humanitarian-foundation">reported</a> The Guardian on Friday.
She pointed out that the GHF differs from traditional humanitarian organizations and raised concerns about its sources of funding, ties to the Trump Administration, reliance on private contractors and capacity to function as a neutral entity.
The White House did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
According to the publication, Warren requested clarification by July 2 on whether USAID is evaluating the allocation of any funds to the GHF, the terms of any potential agreement, and the nature of GHF's ties to the Boston Consulting Group (BCG). BCG is said to have assisted in setting up the GHF&#8217;s operations, but later withdrew its support following a scandal involving the GHF.
The GHF has faced setbacks, including being avoided by major aid groups and temporarily closing some food distribution centers due to security concerns. Former executive director Jake Wood resigned last month, citing challenges in maintaining the organization's independence from political influence.
SEE ALSO: <a href="https://benzinga.com/markets/macro-economic-events/25/06/46051740/nearly-40-years-ago-donald-trump-blamed-this-country-for-his-tariff-push-and-its-no" target="_blank" rel="noreferrer noopener">Nearly 40 Years Ago, Donald Trump Blamed This Country For His Tariff Push — And It&#8217;s Not China: &#8216;I&#8217;d Make Our Allies Pay Their Fair Share&#8217;</a>
Why It Matters: The GHF has been under scrutiny with multiple human rights organizations warning it of potential legal consequences. 
On Monday, The Guardian <a href="https://www.theguardian.com/world/2025/jun/23/gaza-humanitarian-foundation-israel-human-rights-groups">reported</a> that 15 international human rights organizations have warned the GHF and other private groups running humanitarian aid delivery in Gaza to cease their operations or face legal consequences amid accusations of war crimes, crimes against humanity, or genocide.
Meanwhile, another report from&nbsp;France 24 indicated that the GHF has requested $30 million in emergency aid from the Trump administration, citing a dire humanitarian crisis in the Palestinian territory and an urgent need for increased assistance. Earlier this month,&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/45853888/bill-gates-quietly-visits-white-house-amid-trump-musk-feud-urges-marco-rubio-to-reverse-usaid-cuts-report">Bill Gates</a>&nbsp;reportedly visited the White House to urge Rubio to reconsider proposed cuts to foreign aid, including $8.3 billion designated for USAID.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;&nbsp;<a href="https://benzinga.com/news/politics/25/06/46065619/dr-doom-nouriel-roubini-says-irans-regime-will-collapse-in-coming-months-amid-trump-announced-ceasefire" target="_blank" rel="noreferrer noopener">&#8216;Dr Doom&#8217; Nouriel Roubini Says Iran&#8217;s Regime Will Collapse In &#8216;Coming Months&#8217; Amid Trump Announced Ceasefire &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elizabeth Warren Presses Marco Rubio Over Potential $500 Million USAID Diversion To Controversial Gaza Foundation: Report

JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) chief executive Jamie Dimon says U.S. companies are short on workers who can code software, secure networks and run complex projects.
What Happened: "We are short on labor," Dimon <a href="https://fortune.com/2025/06/23/jpmorgan-chase-ceo-jamie-dimon-in-demand-skills-gen-z-cyber-coding-computer-science-project-management/">told</a> the Business Roundtable's CEO Workforce Forum. "We all have needs for cyber, we all have needs for coding, we all have needs for programming … financial management and program management, things like that."
Dimon's remarks cut against <a href="https://www.benzinga.com/markets/tech/25/06/46041419/sam-altman-says-ai-will-make-his-kids-more-capable-not-more-intelligent-my-kids-will-never-be-smarte">forecasts</a> of an entry-level "bloodbath" as artificial-intelligence tools automate routine office tasks. He argued the bottleneck is skills, not head count, and urged schools to embed industry credentials in their curriculum so graduates can "get out and get a good job."
"Too much focus in education has been on graduating college," he <a href="https://www.youtube.com/watch?v=WAHfdX4rsMw">told</a> Indianapolis TV last year. "It should be on jobs."
Dimon, who is also a board member of the New York Jobs CEO Council, also highlighted how some educational institutions are collaborating with the private sector to create programs that improve job readiness.
See also: <a href="https://www.benzinga.com/news/25/06/46067665/the-real-budget-killer-isnt-big-purchases-its-the-20-here-20-there-habits-that-quietly-empty-your-account">The Real Budget Killer Isn&#8217;t Big Purchases—It&#8217;s The $20 Here, $20 There Habits That Quietly Empty Your Account</a>
Why It Matters: Dimon's sentiment comes as young graduates enter a workforce where automation and AI are rapidly displacing entry-level positions.
Chris Hyams, the CEO of popular job-search platform Indeed, recently warned that "for about two-thirds of all jobs, 50% or more of those skills are things that today's generative AI can do reasonably well, or very well." Citing a study, which dissected roughly two million postings skill by skill, <a href="https://www.benzinga.com/25/05/45511651/ai-wont-steal-your-paycheck-yet-two-thirds-of-all-jobs-have-half-their-skills-up-for-grabs-says-indeed-ceo-chris-hyams">Hyams' blunt takeaway</a> is that "pretty much every job is going to change if it's not changing already."
Demis Hassabis, CEO of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google&#8217;s DeepMind, is also of the opinion that while AI is displacing certain jobs, it will also <a href="https://www.benzinga.com/markets/tech/25/06/45740298/googles-demis-hassabis-says-ai-natives-have-very-valuable-jobs-waiting-for-them-but-they-need-to-study-these-subjects-at-school">create new ones</a>. Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg forsees AI evolving into a &#8220;midlevel engineer&#8221; <a href="https://www.benzinga.com/tech/25/05/45338301/zuckerberg-foresees-tech-industry-revolution-with-ai-an-ai-that-can-effectively-be-a-sort-of-midlevel-engineer">capable of writing code</a>, enabling small, talent-dense teams to develop high-quality products.
Photo Courtesy: Lev Radin on Shutterstock.com
Read next: <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46067598/bill-gates-kids-were-stunned-to-find-warren-buffett-chowing-down-on-oreos-for-breakfast-after-a-sleepover-naturally-they-demanded-some-too">Bill Gates&#8217; Kids Were &#8216;Stunned&#8217; To Find Warren Buffett Chowing Down On Oreos For Breakfast After A Sleepover—Naturally, They Demanded Some Too</a>

Education

General

Jamie Dimon Says These Are The 3 Skills Businesses Seek, Admits 'We Are Short On Labor'

LOGI

Logitech G And McLaren Racing Expand Multi-Year Partnership To Boost G Challenge And Launch New Sim Racing Gear

Starting in July 2025, the following Audi models will be equipped with Dolby Atmos:&nbsp;
<ul>
<li>Audi Q7</li>
<li>Audi Q8</li>
<li>Audi A8</li>
<li>Audi e-tron GT</li>
</ul>

Dolby And Audi Partner To Bring Dolby Atmos To Select 2025 Models Starting In July

LAES

WKEY

Reported Earlier, WISeSat And SEALSQ Launch First DePIN Satellite With SpaceX, Advancing Quantum-Safe Space Security

Rep.&nbsp;Adam Schiff&nbsp;(D-Calif.)&nbsp;introduced legislation Monday aimed at curbing the alleged corruption in cryptocurrency ventures by&nbsp;President Donald Trump and other senior&nbsp;administration officials.
What Happened: In a video posted on X, Schiff said the so-called COIN Act wants to end the ongoing &#8220;corruption in plain sight.&#8221;
&#8220;The presidency has been super lucrative for Donald Trump,&#8221; he said. &#8220;Nothing has been more lucrative than the cryptocurrency schemes that he and his kids have been involved in.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Donald Trump and other senior administration officials have made a fortune off of crypto schemes. Today, I&#39;m introducing the COIN Act to put a stop to this corruption in plain sight. <a href="https://t.co/8wieNSCPgC">pic.twitter.com/8wieNSCPgC</a>
&mdash; Adam Schiff (@SenAdamSchiff) <a href="https://twitter.com/SenAdamSchiff/status/1937104134580191559?ref_src=twsrc%5Etfw">June 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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According to Schiff, the act would prohibit the U.S. President, Vice President, their immediate families and executive officials from issuing and promoting cryptocurrencies, including meme coins, non-fungible tokens and stablecoins. The act also requires public officials to include cryptocurrencies in their annual financial disclosures and periodic transaction reports.&nbsp;
Furthermore, the bill would apply the criminal conflict of interest provision requiring officials to recuse themselves from official matters that would influence their cryptocurrency wealth.
The White House didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46054595/xrp-sheds-10-in-seven-days-so-why-are-traders-still-bullish" target="_blank" rel="noreferrer noopener">XRP Sheds 10% In Seven Days – So Why Are Traders Still Bullish?</a>
Why It Matters: Recent financial disclosures revealed that Trump&#8217;s investment in the family-backed cryptocurrency platform&nbsp;World Liberty Financial&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/45939551/trump-made-57-4-million-from-family-crypto-firm-plus-big-bucks-from-branded-guitars-sneakers-and-watches">generated him over $57.35 million last year</a>. 
But that&#8217;s not all. A slew of cryptocurrency ventures pushed by Trump and his family have sparked controversy, particularly since his return to the White House.
The Trump family&#8217;s backing of the dollar-pegged stablecoin USD1 <a href="https://www.benzinga.com/25/05/45509721/elizabeth-warren-urges-congress-to-vote-against-genius-act-citing-potential-for-trumps-corruptionanthony-scaramucci-warns-democrats-against-political-suicide">was fiercely opposed</a> by Sen. Elizabeth Warren (D-Mass.), who argued that the GENIUS Act, also known as the stablecoin bill, would enable this corruption
The Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) memecoin, launched just days before Trump took the presidential oath, has also raised concerns. Trump <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45581129/trump-gala-dinner-saw-president-wine-and-dine-top-memecoin-holders-as-protestors-flashed-don-the-con-signs-exclusive">hosted a private dinner</a> for the top holders of the coin, including controversial cryptocurrency mogul Justin Sun.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/45989307/senate-passes-genius-act-coinbases-brian-armstrong-calls-it-big-milestone-scott-bessent-says-passage-could-drive-stablecoins-into-a-3-7-trillion-market" target="_blank" rel="noreferrer noopener">Senate Passes GENIUS Act—Coinbase&#8217;s Brian Armstrong Calls It &#8216;Big Milestone,&#8217; Scott Bessent Says Passage Could Drive Stablecoins Into A $3.7 Trillion Market</a></li>
</ul>
Photo Courtesy: Lev Radin on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

Politics

Markets

$TRUMP

Trump's Crypto Ventures Have Been 'Lucrative,' But Adam Schiff Says He Is Bringing In A Law To End 'Corruption In Plain Sight'

GPRO

Reported Earlier, GoPro Launches MotionFrame And POV Tools In Quik App To Turn 360 Footage Into Polished Fixed-Frame Edits Using AI, Gyroscope, And GPS Direction Tracking

Reported Earlier, Apollo Extends Second Major Financing To MIAL With $750M Investment Grade Facility Supporting CSMIA Expansion, Operational Flexibility, And ESG Goals

A woman named Allie thought she and her husband were on the verge of making a smart financial move: take most of their IRA savings and throw it at the mortgage. But when she ran the plan by <a href="https://www.benzinga.com/personal-finance/management/25/06/46014776/he-makes-150k-she-makes-63k-so-why-did-they-use-a-heloc-to-pay-off-his-45k-debt-suze-orman-weighs-in">Suze Orman</a>, the reaction wasn't what she expected.
"That's the worst idea I've ever heard in my entire life," Orman said on a <a href="https://omny.fm/shows/suze-ormans-women-and-money/ask-kt-suze-anything-how-much-should-i-charge-my-child-in-rent">recent episode</a> of her "Women &amp; Money" podcast.
Orman, known for her direct approach, didn't hold back — and for good reason. While Allie and her husband had done many things right, their next step could cost them far more than they realized.
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<li>$100k+ in assets? Maximize your retirement pot and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a fiduciary advisor to start your financial journey – no cost, no obligation</a>.&nbsp;</li>
<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
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<h2 class="wp-block-heading">A Late Start, A Bold Plan</h2>
Allie explained that she and her husband were "late starters" when it came to money. They bought their first home in their late 40s, but today they're in a stable place: no debt, a large emergency fund, and pensions and <a href="https://www.benzinga.com/personal-finance/management/25/06/45987399/35-year-old-woman-shocked-by-5000-social-security-overpayment-notice-says-she-never-received-benefits">Social Security</a> that will cover most of their income in retirement.
Their main concern is a $1,400 monthly mortgage payment. With about $245,000 left on the loan and $136,000 in a traditional IRA, they figured that withdrawing $130,000 would help them pay off the mortgage in three years. After that, they'd be debt-free and free up $1,400 a month — creating a steady stream of cash flow to match their retirement income needs.
It sounded like a logical move. But Orman says the math — and the tax code — tell a very different story.
<h2 class="wp-block-heading">The Hidden Cost Of A Big Withdrawal</h2>
Because Allie's IRA is a traditional account, any withdrawal is considered taxable income. So taking out $130,000 in a single year could come with a hefty tax bill.
"If you take out $130,000 you&#8217;re going to owe approximately — let&#8217;s say just you and your husband make $60,000 a year…You would owe approximately $26,000 in taxes," Orman explained. Then she added that there's state tax. In Virginia, that could be another $8,500.
Altogether, that's $34,000 in taxes — money the couple may not have set aside. And that doesn't include what might happen if the withdrawal pushes them into a higher tax bracket or affects their Medicare premiums.
Orman's key question: where is that $34,000 going to come from?
"You can't take it from the IRA because you want that $130,000 to go towards your mortgage, so $34,000 has to be somewhere else," she said. But if you don&#8217;t have that, then you have to take out even more. It&#8217;s just nuts."
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">A Better Path Forward</h2>
Orman urged the couple to take a step back and consider the long-term implications. If they simply left the money in the IRA and invested it wisely, she said, it could grow to around $200,000 in the next seven to nine years.
That's a big difference from spending nearly all of it now and losing a large chunk to taxes.
"You&#8217;re thinking in theory is correct, but in reality it isn&#8217;t how it works," Orman told Allie.
<h2 class="wp-block-heading">What Others Can Learn</h2>
For others nearing <a href="https://www.benzinga.com/personal-finance/25/06/46024300/is-your-retirement-plan-just-a-hope-and-a-401-k">retirement</a>, the lesson is clear: don't make big financial moves without looking at the full picture — including taxes. While the appeal of being mortgage-free is strong, draining retirement accounts can create more problems than it solves.
Before taking large distributions or making lump-sum payments, Orman recommends talking to a tax advisor or <a href="https://www.benzinga.com/money/financial-advisor-vs-financial-planner">financial planner</a>.
In retirement, every dollar counts — and understanding how to keep more of it can be the smartest move of all.
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Financial Advisors

Taking $130K Out Of A $136K IRA To Pay Off A Mortgage? Suze Orman Says 'That's The Worst Idea I've Ever Heard In My Entire Life'

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Reported Earlier, IBM And RIKEN Unveil Quantum System Two With Heron Processor In Kobe, Creating Hybrid Platform For Advanced Scientific Research And Algorithm Discovery

When people think about what wrecks their finances, they often point to big-ticket items: luxury cars, expensive vacations, or shopping sprees. But a recent thread on Reddit&#8217;s <a href="https://www.reddit.com/r/povertyfinance/comments/1lfnudq/whats_a_normal_money_habit_that_secretly_ruins/">r/povertyfinance</a> community suggests that it&#8217;s not the big things that do the most damage—it&#8217;s the little ones.
<h2 class="wp-block-heading">The Hidden Cost Of Everyday Spending</h2>
&#8220;In my experience the $20 here, $20 there purchases are what <a href="https://www.benzinga.com/news/topics/25/06/45996375/dave-ramsey-admits-his-advice-is-simple-in-theory-but-hard-in-practice-clears-up-the-biggest-misconceptions-about-his-famous-advice">claw away</a> at your checking faster than anything,&#8221; one person wrote. They listed small expenses like takeout or souvenirs as the real budget killers. Another commenter added, &#8220;I went through a few bank statements and was [shocked] to find how much money I&#8217;d thrown at the snack bar at work.&#8221;
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<li>At least $100k in assets? 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;</li>
<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
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Subscriptions came up repeatedly. &#8220;Having multiple subscriptions and getting comfortable about those price raises,&#8221; one post read. &#8220;Those things creep up and up and boom, one emergency, now you&#8217;re behind four more payments.&#8221;
YouTube TV in particular took a beating, with users shocked that <a href="https://www.benzinga.com/general/entertainment/24/12/42477880/youtube-raises-tv-subscription-rates-by-14-to-83-per-month-citing-rising-content-costs-prices-have-more-than-doubled-in-less-than-6-years">it&#8217;s now $82.99 per month</a>. &#8220;Wow. I thought it was like $30 or something,&#8221; one person replied. Another put it plainly: &#8220;The cost of YouTube TV should be a crime.&#8221;
<h2 class="wp-block-heading">Buy Now, Pain Later</h2>
<a href="https://www.benzinga.com/personal-finance/management/25/06/45719177/klarnas-downside-buy-now-pay-later-users-overspend-and-miss-payments">Services like Klarna</a> and Afterpay were described as dangerous because they give the illusion of affordability. &#8220;If you need to break a $15 burrito bowl into 4 payments, you need to be bringing your lunch with you,&#8221; one commenter said. Another admitted, &#8220;After almost two years&#8230; I am now officially freed from the demonic shackles of Klarna/Afterpay!!&#8221;
<h2 class="wp-block-heading">Helping Others, Hurting Yourself</h2>
The emotional burden of supporting family came up again and again. One person wrote, &#8220;I spent the last few years constantly helping my mom and siblings&#8230; I discovered that all of them hated me for &#8216;not doing anything to help them.'&#8221; Another commented, &#8220;Helping ungrateful family members/friends who are endless pits of need&#8221; was one of their biggest financial mistakes.
<h2 class="wp-block-heading">Car Payments And Credit Cards</h2>
Others pointed to massive car loans. &#8220;My last time I had a car payment was in 2015, and people now are paying $1,000+ a month for each car,&#8221; one commenter said. Others described financing depreciating items as a major financial misstep.
As for credit cards, people stressed that carrying a balance is never a good idea. &#8220;To me, it is absolutely not normal to <a href="https://www.benzinga.com/personal-finance/management/25/06/45736886/kevin-oleary-says-its-crazy-to-pay-23-interest-on-credit-card-debt-heres-what-he-thinks-the-key-to-life-is">carry a credit card balance</a>,&#8221; one wrote. Others were frustrated by misinformation: &#8220;The amount of <a href="https://www.benzinga.com/personal-finance/management/25/06/46018674/it-seems-that-many-young-adults-dont-know-that-credit-cards-arent-free-money-isnt-knowing-to-pay-it-off-monthly-just-common-sense">misinformation people spread</a> about credit cards is insane. I swear it&#8217;s to justify their behavior &#8216;Oh, you should always keep a balance so your credit goes up.&#8217; No, that&#8217;s not how that works.&#8221;
<h2 class="wp-block-heading">Small Habits, Big Impact</h2>
&#8220;Telling yourself, &#8216;It&#8217;s only x dollars&#8217; $5, $10, $20&#8230; and suddenly you&#8217;re broke before payday and don&#8217;t know why,&#8221; summed up a recurring sentiment. From DoorDash to energy drinks, it&#8217;s the normalized, everyday purchases that add up.
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Personal Finance

The Real Budget Killer Isn't Big Purchases—It's The $20 Here, $20 There Habits That Quietly Empty Your Account

The CNN Money Fear and Greed index showed a slight improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the Dow Jones index gaining more than 350 points during the session. Stocks recorded slight gains last week as the S&amp;P 500 fell around 0.2%, and the 30-stock Dow gained 0.02%.
Investors looked past a sharp escalation in the Middle East, where Iran fired missiles at U.S. military bases in Qatar and Iraq, just 48 hours after American strikes targeted Iranian nuclear facilities.
According to Axios, citing Israeli officials, Iran launched six ballistic missiles at Al Udeid Air Base in Qatar, the largest U.S. military presence in the Middle East. Another missile was reportedly fired at a U.S. base in Iraq.
On the economic front, the S&amp;P Global US services PMI fell to 53.1 in June versus 53.7 in the previous month, and compared to market expectations of 52.9. The S&amp;P Global US manufacturing PMI came in unchanged from the previous month at 52 in June.
Shares of FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) gained around 3.5% on Monday after the company posted results for the third quarter.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, consumer staples and real estate stocks recording the biggest gains on Monday. However, energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 375 points to 42,581.78 on Monday. The S&amp;P 500 rose 0.96% to 6,025.17, while the Nasdaq Composite climbed 0.94% at 19,630.97 during Monday's session.
Investors are awaiting earnings results from TD SYNNEX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>), Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) and FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 56.4, the index remained in the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 56.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Pre-Market Outlook

Dow Jumps Over 350 Points As Iran Strikes On US Military Bases Result In No Casualty: Fear Index Remains In 'Greed' Zone

A recent <a href="https://www.reddit.com/r/Bogleheads/comments/1lcafq5/do_most_people_genuinely_not_invest_towards/">post</a> on the r/Bogleheads subreddit drew widespread attention with a question that hit a common frustration: &#8220;Do most people genuinely <a href="https://www.benzinga.com/25/05/45609421/i-am-just-done-gen-x-er-wants-to-retire-at-55-but-has-no-money-saved-in-a-single-income-household-why-does-everyt">not invest</a> towards retirement?&#8221;
The original poster couldn't grasp why people don't invest outside their 401(k)s or pensions, especially those in personal finance forums. &#8220;I personally cannot understand the mentality of spending all of your cash as soon as you get it,&#8221; they wrote.
<h2 class="wp-block-heading">Most Can't Afford To Save</h2>
Commenters quickly pointed out that the majority of Americans <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>. &#8220;You seem to think that most people do this by choice,&#8221; one person replied. Another noted, &#8220;<a href="https://www.benzinga.com/news/25/06/45851682/most-americans-cant-cover-a-2-000-emergency-as-inflation-keeps-eating-their-paychecks-survey-shows">Over 6 in 10 U.S. adults</a> say they are living paycheck to paycheck, including 78% of Millennials, 60% of Gen X, 45% of those earning &gt;$100K.&#8221;
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One person shared, &#8220;[My sister&#8217;s] last role was $120k a year, and now she has nothing but Louis Vuitton handbags to show for 35+ year career.&#8221;
Others said it&#8217;s not that people don't want to save, it&#8217;s that they simply can&#8217;t. &#8220;Childcare, rent, student loans. We are drowning,&#8221; wrote another. &#8220;If you&#8217;re able to max out all your happy saving things, good on you. Lots of folks can&#8217;t, and it&#8217;s got nothing to do with money burning a hole in our pockets.&#8221;
<h2 class="wp-block-heading">Financial Literacy And Systemic Gaps</h2>
Another major theme in the thread was a lack of financial education. &#8220;Schools don&#8217;t teach personal finance and people blow money <a href="https://www.benzinga.com/personal-finance/25/01/43011673/dave-ramsey-says-stop-trying-to-keep-up-with-the-joneses-theyre-broke-warns-people-are-fake-rich-average-household-debt-is-175075">keeping up with the Joneses</a>,&#8221; one person wrote. Others pointed to cultural influences: &#8220;America runs on spending.&#8221;
Many said they weren't taught anything about retirement growing up. &#8220;I had to read it a few times to understand what OP was asking,&#8221; one person admitted. Another wrote, &#8220;My parents didn't [invest]. So I knew nothing about saving/investing for retirement when I got out of college. I'm late to the game but I'm on it!&#8221;
Some people in the thread tried to clarify that even using just a 401(k) can be enough, depending on the situation. &#8220;A couple only maxing their IRAs for 40 years at 7% annual returns puts it at $3 million,&#8221; one person explained. &#8220;That's in today's dollars too.&#8221;
<h2 class="wp-block-heading">Different Lives, Different Priorities</h2>
Plenty of responses focused on the emotional side of money. A truck driver described saving 70% of their income while living on just 20%, noting that the remaining 10% went toward &#8220;3 or 4 vacations for myself each year.&#8221; Others expressed frustration with peers who spend everything, then complain about financial stress.
But not everyone agreed with the tone of the original post. &#8220;You are so arrogant to think that everyone, or most people, who aren&#8217;t able to save money toward retirement are just reckless or irresponsible,&#8221; a person wrote. Another pointed out, &#8220;Life happens to people. For me, it has been cancer and ongoing medical debt. Horrible divorce where I lost so much.&#8221;
A mix of financial constraints, lack of education, psychological stress, and short-term pressures appears to keep many people from saving at all. &#8220;You have to actively go out of your way to properly invest in your retirement, which naturally means like 50% of the population won't,&#8221; one person summed it all up.
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An Investor Asks, 'Do Most People Not Invest For Retirement?' They Can't Understand The Mentality Of Spending Every Paycheck Immediately

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