Ethanol (EH)

Dernières nouvelles pour EHang Holdings (NASDAQ:EH) Stock

EHang Holdings

EHang Holdings Ltd is an urban air mobility (UAM) technology platform company. It focuses on making safe, autonomous, eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (UAV) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang's EH216-S has received a production certificate and standard airworthiness certificate for passenger-carrying pilotless eVTOL aircraft issued by the Civil Aviation Administration of China. The group continues to explore the boundaries of the sky to make flying technologies benefit life in smart cities.

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U.S. futures were trading higher on Wednesday as oil futures tumbled after President Donald Trump called for an "<a href="https://www.benzinga.com/markets/market-summary/25/06/45988507/trump-demands-irans-uncoditional-surrender-stock-futures-remain-steady-defense-shares-trade-higher-in-after-hours-trading">Unconditional Surrender</a>" of Iran late Tuesday.
Trump also stated in one of his Truth Social posts that the U.S. knows exactly where Iran's "Supreme Leader" was hiding, highlighting that he was an "easy target.&#8221;
Meanwhile, investors expect the <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45978856/federal-reserve-rate-cuts-trump-tariffs-what-to-watch-wednesday">Federal Reserve</a> to <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45978856/federal-reserve-rate-cuts-trump-tariffs-what-to-watch-wednesday">hold rates</a> steady at 4.25%-4.50% on Wednesday, to &#8220;wait and see&#8221; the impact of tariffs on the economy.
The 10-year Treasury bond yielded 4.38% and the two-year bond was at 3.94%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 99.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.21%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.28%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.36%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.24%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 0.32% at $599.43, while the QQQ advanced 0.37% to $531.02, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks ended lower on Tuesday, with energy stocks being the exception, while most S&amp;P 500 sectors declined, led by significant losses in health care, materials, and consumer discretionary stocks.
The Dow Jones index fell approximately 300 points amid heightened geopolitical concerns following an Axios News <a href="https://www.axios.com/2025/06/17/trump-situation-room-meeting-iran-israel-war">report</a> that President Trump will convene with his national security team in the White House Situation Room to address the intensifying Israel-Iran conflict. 
In stock-specific news, Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) outperformed with stronger-than-expected third-quarter earnings. CERo Therapeutics Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) surged 189% after securing FDA Orphan Drug Designation for CER-1236 in treating acute myeloid leukemia.
On the economic front, U.S. retail sales dropped 0.9% month-over-month in May, worse than the anticipated 0.7% decline. U.S. import prices remained flat in May, while export prices fell 0.9%. U.S. industrial production also disappointed, declining 0.2% in May against expectations of a 0.1% increase.
The Dow Jones index ended 299 points or 0.70% lower at 42,215.80, whereas the S&amp;P 500 index fell 0.84% to 5,982.72. Nasdaq Composite declined 0.91% to 19,521.09, and the small-cap gauge, Russell 2000, tumbled 1.04% to end at 2,101.96.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.91%</td>
<td>19,521.09</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.84%</td>
<td>5,982.72</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.70%</td>
<td>42,215.80</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.04%</td>
<td>2,101.96</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Analysts at BlackRock stated that uncertainty around the economic impact of tariffs and inflation volatility will keep the &#8220;Fed on hold for now.&#8221;
&#8220;Longer term, persistent inflation pressures from tariffs and a tight labor market will likely limit how far the Fed can cut, even if tariff-driven supply disruptions dent growth,&#8221; the BlackRock note stated.
Analysts also anticipated that long-term U.S. bond yields can rise, keeping them &#8220;underweight.&#8221; BlackRock reiterated that it <a href="https://www.benzinga.com/general/market-summary/25/05/45512310/blackrock-bets-on-inflation-goes-overweight-inflation-linked-bonds-amid-us-fiscal-sustainability-challenge-heres-a-list-of-etfs-investors-can-consider">preferred inflation-linked bonds,</a> &#8220;even if they are yet to reflect long-term inflation pressures.&#8221; 
&#8220;We favor infrastructure equity, like stakes in airports and data centers: its returns are buffered from inflation and it outperforms amid supply constraints and high inflation. Private markets are complex and not suitable for all investors,&#8221; said the note.
Tariffs and any sustained oil price rises from the Israel-Iran conflict could leave other central banks facing weaker global growth, explained experts. &#8220;Should the conflict affect the security of critical trade routes, supply disruptions could add to inflation pressures,&#8221; it added.
&#8220;We think the Fed will keep rates steady as it waits for tariff impacts to materialize. Mega forces keep us overweight U.S. stocks.&#8221;
Ed Yardeni highlighted the latest Summary of Economic Projections, which will be released later today, along with the Fed&#8217;s decision on interest rates.
&#8220;Odds are that its median economic forecasts will show slow economic growth with a slight increase in the unemployment rate and a modest short-term uptick in inflation&#8211;all mostly consequences of President Donald Trump&#8217;s tariffs and now the war between Israel and Iran,&#8221; he said.
Add that &#8220;the SEP is likely to signal a couple of small cuts in the federal funds rate in the coming months. But Powell will certainly reiterate that the FOMC is in no hurry to do so.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul class="wp-block-list">
<li>May&#8217;s housing starts data, building permits data, and the initial jobless claims data for the latest week will be out by 8:3 a.m. ET.</li>
<li>The Federal Open Market Committee will announce its interest-rate decision at 2:00 p.m. ET.</li>
<li>Federal Reserve Chairman Jerome Powell will address a press conference at 2:30 p.m. ET.</li>
<li>On Thursday, markets will remain closed on account of the Juneteenth holiday.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) was up 0.37% in premarket on Wednesday as analysts expect it to report quarterly earnings of $1.26 per share on revenue of $689.90 million, before the opening bell.</li>
<li>GMS Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) was unchanged at 0.10% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $1.11 per share on revenue of $1.30 billion.</li>
<li>Euroseas Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) advanced 2.58% as analysts expect it to report quarterly earnings of $3.28 per share on revenue of $52.91 million, after the closing bell.</li>
<li>Beyond Air Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) dropped 21.33% after posting mixed fourth-quarter results. Quarterly revenue came in at $1.15 million, which missed the Street estimate of $1.39 million.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) was 2.44% lower after it reported a $300 million proposed private placement of Convertible Senior Notes.</li>
<li>Ryde Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NYSE">RYDE</a>) jumped 12.81% as it announced the acquisition of a strategic 40% shareholding in Atoll Discovery Pte. Ltd. (&#8220;Atoll&#8221;), a Singapore-based electric vehicle rental company.</li>
<li>PTL Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLE#NASDAQ">PTLE</a>) surged 108.74% after approving a dual-class share structure on June 16, 2025. Shareholders also approved share consolidation and related amendments.</li>
<li>Focus Impact BH3 Acquisition Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFX#NASDAQ">SAFX</a>) zoomed 57.06% after appointing a new six-member Board of Directors after its Nasdaq listing and business combination.</li>
<li>GlycoMimetics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBIO#NASDAQ">CBIO</a>) slumped 59.38% after Crescent Biopharma completed its merger with the firm and closed a $200 million private placement led by prominent healthcare investors.</li>
<li>Biomea Fusion Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) plummeted 26.21% after announcing a proposed public offering of common stock and warrants</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 1.05% to hover around $72.50 per barrel.
Gold Spot US Dollar fell 0.24% to hover around $3,380.62 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.17% at the 98.6510 level.
Asian markets ended on a mixed note on Wednesday as China&#8217;s CSI 300, South Korea's Kospi, and Japan's Nikkei 225 indices rose. While Hong Kong's Hang Seng, Australia's ASX 200, and India's S&amp;P BSE Sensex indices declined. European markets were flat in early trade.
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Photo courtesy: Shutterstock

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The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">T-Mobile US Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)</h3>
<ul class="wp-block-list">
<li>According to a Reuters report, SoftBank offloaded 21.5 million T-Mobile shares at $224 each. This price point reflects a discount of approximately 3% compared to T-Mobile's closing price of $230.99 on Monday. The company's stock fell around 9% over the past month and has a 52-week low of $173.74.</li>
<li>RSI Value: 23.9</li>
<li>TMUS Price Action: Shares of T-Mobile fell 4.1% to close at $221.43 on Tuesday.</li>
<li>Edge Stock Ratings: 77.53 Momentum score with Value at 24.68. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/TMUS"><img loading="lazy" decoding="async" width="453" height="170" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051409/image-276.png" alt="" class="wp-image-953541" style="width:378px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051409/image-276.png 453w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051409/image-276-300x113.png 300w" sizes="(max-width: 453px) 100vw, 453px" /></a></figure>
<h3 class="wp-block-heading">WPP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPP#NYSE">WPP</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul class="wp-block-list">
<li>On Feb. 27, WPP reported fourth-quarter and 2024 preliminary results. Revenue for the year was 14.74 billion British pounds ($18.8 billion) compared to 14.85 billion British pounds in 2023. The company's stock fell around 13% over the past month and <a href="https://www.benzinga.com/quote/WPP">has a 52-week low</a> of $31.52.</li>
<li>RSI Value: 27.1</li>
<li>WPP Price Action: Shares of WPP fell 4.2% to close at $35.23 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0618">WPP stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0618"><img loading="lazy" decoding="async" width="920" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051553/image-277.png" alt="" class="wp-image-953543" style="width:612px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051553/image-277.png 920w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051553/image-277-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051553/image-277-768x693.png 768w" sizes="(max-width: 920px) 100vw, 920px" /></a></figure>
<h3 class="wp-block-heading">Vimeo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMEO#NASDAQ">VMEO</a>)</h3>
<ul class="wp-block-list">
<li>Vimeo&#8217;s Gillian Munson will step down as CFO effective Aug. 8. The company's stock fell around 10% over the past month and has a 52-week<a href="https://www.benzinga.com/quote/VMEO"> low of $3.44</a>.</li>
<li>RSI Value: 29.4</li>
<li>VMEO Ltd Price Action: Shares of Vimeo fell 3% to close at $4.16 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0618">VMEO shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0618"><img loading="lazy" decoding="async" width="857" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051646/image-278.png" alt="" class="wp-image-953545" style="width:548px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051646/image-278.png 857w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051646/image-278-300x287.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18051646/image-278-768x736.png 768w" sizes="(max-width: 857px) 100vw, 857px" /></a></figure>
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and s<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">ee how they compare.</a>
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Shares of Beyond Air, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) fell sharply in today's pre-market trading after the company posted <a href="https://www.benzinga.com/quote/xair/earnings">mixed fourth-quarter results.</a>
Beyond Air reported quarterly losses of nine cents per share, which beat the analyst consensus estimate of a loss of 12 cents. Quarterly revenue came in at $1.15 million, which missed the Street estimate of $1.39 million and is up from revenue of $470,000 from the same period last year
Beyond Air shares dipped 23.5% to $0.2179 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>PTL Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLE#NASDAQ">PTLE</a>) surged 148% to $0.4923 in pre-market trading after gaining 10% on Tuesday.</li>
<li>XCF Global, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFX#NASDAQ">SAFX</a>) shares jumped 67.6% to $2.85 in pre-market trading after dipping 23% on Tuesday.</li>
<li>Leishen Energy Holding Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSE#NASDAQ">LSE</a>) jumped 53.5% to $8.52 in pre-market trading after tumbling 17% on Tuesday.</li>
<li>Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) gained 44.2% to $0.8652 in pre-market trading after gaining 5% on Tuesday.</li>
<li>Mesa Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTR#NYSE">MTR</a>) rose 33.7% to $8.76 in pre-market trading after gaining 10% on Tuesday.</li>
<li>GeoVax Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOVX#NASDAQ">GOVX</a>) rose 30% to $1.17 in pre-market trading. GeoVax Labs shares dipped 32% on Tuesday after the company in a filing disclosed it will sell 6.15 million common units.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) climbed 26.9% to $0.3921 in pre-market trading after dipping 18% on Tuesday.</li>
<li>TMC the metals company Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMC#NASDAQ">TMC</a>) surged 11.8% to $6.07 in pre-market trading. Korea Zinc recently announced an equity investment of $85.2 million in the company.</li>
<li>Liminatus Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) gained 7.7% to $13.82 in pre-market trading after surging over 5% on Tuesday.</li>
<li>BiomX Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHGE#NYSE">PHGE</a>) fell 7.7% to $0.4200 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Catalyst Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBIO#NASDAQ">CBIO</a>) shares tumbled 59.4% to $5.39 in pre-market trading. Crescent Biopharma recently completed closing of merger with GlycoMimetics and previously announced private placement of $200 million.</li>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) shares fell 26.2% to $2.14 in pre-market trading after the company announced the pricing of public offering of securities.</li>
<li>BP Prudhoe Bay Royalty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BPT#NYSE">BPT</a>) dipped 24.2% to $0.54 in pre-market trading. BP Prudhoe Bay Royalty Trust announced commencement of trust asset sale process.</li>
<li>Eyenovia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYEN#NASDAQ">EYEN</a>) declined 22.4% to $5.41 in pre-market trading. Eyenovia shares jumped 135% on Tuesday after the company announced it entered into a securities purchase agreement for a $50 million private placement in public equity with institutional accredited investors.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) dipped 22.4% to $15.35 in pre-market trading. CERo Therapeutics shares jumped 189% on Tuesday after the company received U.S. Food and Drug Administration (FDA) Orphan Drug Designation for CER-1236.</li>
<li>Acurx Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACXP#NASDAQ">ACXP</a>) declined 21% to $0.6485 in pre-market trading after the company announced exercise of warrants for $2.67 million gross proceeds.</li>
<li>LeddarTech Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) fell 14.4% to $0.1624 in pre-market trading. LeddarTech recently announced intention to file under the Bankruptcy and Insolvency Act in Canada.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) fell 14.1% to $66.98 in pre-market trading after gaining 30% on Tuesday.</li>
<li>Vince Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) fell 13.4% to $1.28 in pre-market trading after dipping 12% on Tuesday. Vince Holding recently posted a first-quarter loss of 37 cents per share.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45970767/top-3-health-care-stocks-that-are-ticking-portfolio-bombs">Top 3 Health Care Stocks That Are Ticking Portfolio Bombs</a> </li>
</ul>
Photo via Shutterstock

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Why Beyond Air Shares Are Trading Lower By Over 23%; Here Are 20 Stocks Moving Premarket

The United States generated more than 379,000 new millionaires in 2024, averaging over 1,000 per day, according to UBS Group&#8217;s 2025 Global Wealth Report released on Wednesday.
What Happened: Private wealth in the Americas surged 11% last year, significantly outpacing the global average of 4.6%. The surge was driven by a stable U.S. dollar and robust equity market performance, with the S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), gaining 23.31% in 2024, according to a Reuters report.
The U.S. now accounts for nearly 40% of global millionaires, cementing its position as the world&#8217;s dominant wealth center. This concentration reflects the outsized performance of American financial markets and the dollar&#8217;s strength against other major currencies.
UBS data shows Greater China, including mainland China, Hong Kong and Taiwan, led growth in the $100,000 to $1 million net worth segment at 28.2%, followed by Western Europe at 25.4% and North America at 20.9%.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45990634/amazon-ceo-andy-jassys-ai-led-job-cuts-warning-sparks-backlash-as-employee-reportedly-says-its-clearly-part-of-the-plan">Amazon CEO Andy Jassy&#8217;s AI-Led Job Cuts Warning Sparks Backlash As Employee Reportedly Says &#8216;It&#8217;s Clearly Part Of The Plan&#8217;</a>
Why It Matters: Wealth distribution remains highly skewed globally. Over 80% of adults in the UBS sample maintained net worth below $100,000, while only 1.6% achieved millionaire status or higher.
The wealth surge coincided with <a href="https://www.benzinga.com/markets/tech/25/06/45966691/elon-musks-net-worth-soars-nearly-3-billion-jeff-bezos-mark-zuckerberg-and-other-top-10-billionaires-add-over-16-billion-as-sp-500-nasdaq-jump-erasing-fridays-losses">significant gains among top billionaires</a>. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk added $2.7 billion to his net worth in a single trading session on Monday, while Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg gained $6.55 billion and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos added $3.36 billion following the NASDAQ&#8217;s 1.52% rally.
UBS projects continued wealth growth over the next five years, with the United States expected to lead globally, followed by Greater China. 
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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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Integral Ad Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAS#NASDAQ">IAS</a>) on Wednesday <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/n45990049/ias-launches-new-ai-driven-contextual-category-reporting-for-meta-platforms-maximizing-optimizatio" rel="noreferrer noopener">announced the launch</a> of new contextual category reporting for Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), expanding measurement reporting across Facebook and Instagram Feed and Reels.
The company said in a press release that this launch demonstrates IAS and Meta&#8217;s continued collaboration to deliver independent third-party measurement and optimization tools to support advertisers&#8217; brand suitability and performance goals.
Meta Platforms could potentially generate <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45969694/mark-zuckerbergs-meta-could-rake-in-over-10-billion-in-annual-ad-revenue-from-whatsapp-by-2028-says-analyst" rel="noreferrer noopener">over $10&nbsp;billion</a> in annual ad revenue&nbsp;from its WhatsApp messaging service by 2028, according to Evercore ISI analyst&nbsp;Mark Mahaney, assuming average advertising revenue of $6 per daily user and boost daily usage of the Updates tab to 1.7 billion users by 2028.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45880561/meta-on-the-verge-of-a-15-billion-deal-with-scale-ai-report" rel="noreferrer noopener">Meta On The Verge Of $15 Billion Deal With Scale AI: Report</a>
Meta reported earnings of $6.43 per share, topping analyst estimates of $5.21 per share, and total revenue&nbsp;increased&nbsp;16%. Advertising drove revenue, with ad impressions jumping 5% and the average price per ad increasing by 10%.
Wall Street analysts, including JP Morgan, highlighted <a target="_blank" href="https://www.benzinga.com/25/05/45144725/meta-analysts-highlight" rel="noreferrer noopener">Meta&#8217;s new AI</a> models, Andromeda and GEM, which deliver tangible improvements in advertising. Andromeda, powered by advanced hardware, has increased ad quality by 8%, while GEM has boosted ad conversions on Reels by up to 5%, as per JPMorgan analyst Doug Anmuth.&nbsp;The analysts continue to view Meta as the best-positioned digital ad player.
Price Action: META stock was trading higher by 0.58% to $701.29 premarket at last check Wednesday.
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GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $1.11 by 15.8 percent. This is a 33.16 percent decrease over earnings of $1.93 per share from the same period last year. The company reported quarterly sales of $1.33 billion which beat the analyst consensus estimate of $1.30 billion by 2.76 percent. This is a 5.66 percent decrease over sales of $1.41 billion the same period last year.

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The Trump Organization is <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">entering the wireless industry</a> with plans to launch a smartphone called the "T-1 Phone," priced at $499 and promoted as being manufactured in the U.S.—a promise experts say may not hold up under scrutiny.
What Happened: Announced on Monday, the T-1 Phone will debut alongside a new wireless service called Trump Mobile, with availability starting in August.
A spokesperson for the company said that the devices will be made in Alabama, California and Florida, <a href="https://www.marketplace.org/story/2025/06/17/trump-mobile-says-itll-make-phones-in-the-us-is-that-realistic">reported</a> Marketplace.
Industry <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">analysts remain skeptical</a>. Roger Entner, founder of Recon Analytics, said no major smartphone manufacturer has built devices in the U.S. for at least a decade.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988833/iran-says-whatsapp-a-tool-for-israeli-surveillance-meta-hits-back-calling-it-false-reports">Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It &#8216;False Reports&#8217;</a>
&#8220;We have made smartphones when we were still in the 2G and maybe in the 3G era,&#8221; he told the publication, adding, &#8220;You don&#8217;t have the machines. You don&#8217;t have the employees that can do it. You don&#8217;t have the supply chain.&#8221;
&#8220;I think Trump&#8217;s trying to seize the momentum of &#8216;Build in the U.S.,'&#8221; Dan Ives, tech analyst at Wedbush Securities, told the outlet.
He continued saying, &#8220;This is something that could be done at a very, very small scale, and that&#8217;s probably what they&#8217;re aiming for. But anything above 20,000, 30,000, 40,000 would be very, very difficult for them to actually make in the U.S.&#8221;
Why It's Important: The Trump Organization is attempting to tap into populist sentiments around domestic manufacturing, branding the T-1 Phone as a pro-America alternative in a global tech market dominated by Asian production.
While the pitch aligns with "Made in America" rhetoric, experts caution that scaling U.S. smartphone production would require massive infrastructure investment and time.&nbsp;
"For it to even get off the ground would take a long time and a significant amount of dollars to put in before they show any sort of profit," Ives said.
Previously,&nbsp; Ives told ABC News that making phones in the U.S. isn't financially viable, calling the idea a &#8220;fairytale&#8221; and noting that while a small number could be made, it <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">would likely lead to losses</a>.
Trump Mobile runs on the infrastructure of Liberty Mobile Wireless, a Florida-based company founded in 2018 by entrepreneur Matthew Lopatin.
As a mobile virtual network operator (MVNO), it leases network access from major providers like T-Mobile U.S. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and rebrands the service under its own name, reported Reuters.
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Trump Mobile Plans To Launch $499 'T-1 Phone' Made In The USA: But Expert Says 'You Don't Have The Employees That Can Do It'

The Trump Organization is <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">entering the wireless industry</a> with plans to launch a smartphone called the "T-1 Phone," priced at $499 and promoted as being manufactured in the U.S.—a promise experts say may not hold up under scrutiny.
What Happened: Announced on Monday, the T-1 Phone will debut alongside a new wireless service called Trump Mobile, with availability starting in August.
A spokesperson for the company said that the devices will be made in Alabama, California and Florida, <a href="https://www.marketplace.org/story/2025/06/17/trump-mobile-says-itll-make-phones-in-the-us-is-that-realistic">reported</a> Marketplace.
Industry <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">analysts remain skeptical</a>. Roger Entner, founder of Recon Analytics, said no major smartphone manufacturer has built devices in the U.S. for at least a decade.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988833/iran-says-whatsapp-a-tool-for-israeli-surveillance-meta-hits-back-calling-it-false-reports">Iran Says WhatsApp A Tool For Israeli Surveillance — Meta Hits Back, Calling It &#8216;False Reports&#8217;</a>
&#8220;We have made smartphones when we were still in the 2G and maybe in the 3G era,&#8221; he told the publication, adding, &#8220;You don&#8217;t have the machines. You don&#8217;t have the employees that can do it. You don&#8217;t have the supply chain.&#8221;
&#8220;I think Trump&#8217;s trying to seize the momentum of &#8216;Build in the U.S.,'&#8221; Dan Ives, tech analyst at Wedbush Securities, told the outlet.
He continued saying, &#8220;This is something that could be done at a very, very small scale, and that&#8217;s probably what they&#8217;re aiming for. But anything above 20,000, 30,000, 40,000 would be very, very difficult for them to actually make in the U.S.&#8221;
Why It's Important: The Trump Organization is attempting to tap into populist sentiments around domestic manufacturing, branding the T-1 Phone as a pro-America alternative in a global tech market dominated by Asian production.
While the pitch aligns with "Made in America" rhetoric, experts caution that scaling U.S. smartphone production would require massive infrastructure investment and time.&nbsp;
"For it to even get off the ground would take a long time and a significant amount of dollars to put in before they show any sort of profit," Ives said.
Previously,&nbsp; Ives told ABC News that making phones in the U.S. isn't financially viable, calling the idea a &#8220;fairytale&#8221; and noting that while a small number could be made, it <a href="https://www.benzinga.com/markets/equities/25/06/45971247/trumps-plan-to-take-on-apple-samsung-with-a-smartphone-is-a-fairytale-dan-ives-warns-it-could-be-a-money-loser-for-his-company">would likely lead to losses</a>.
Trump Mobile runs on the infrastructure of Liberty Mobile Wireless, a Florida-based company founded in 2018 by entrepreneur Matthew Lopatin.
As a mobile virtual network operator (MVNO), it leases network access from major providers like T-Mobile U.S. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) and rebrands the service under its own name, reported Reuters.
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Defense technology firm Anduril Industries has formed a strategic partnership with German defense giant Rheinmetall to co-develop autonomous air systems and propulsion capabilities for the European market.
What Happened: Anduril Industries and Rheinmetall announced a collaboration to jointly develop three core defense systems for European deployment. 
The partnership focuses on integrating Anduril&#8217;s Barracuda low-cost autonomous air vehicle and Fury high-performance multi-mission aircraft into Rheinmetall&#8217;s digital sovereignty framework called &#8220;Battlesuite.&#8221; The companies will also explore solid rocket motor production for European defense applications using Anduril&#8217;s manufacturing approaches.
&#8220;This is a different model of defense collaboration, one built on shared production, operational relevance, and mutual respect for sovereignty,&#8221; said Brian Schimpf, CEO of Anduril Industries. Rheinmetall CEO Armin Papperger emphasized the focus on &#8220;autonomous capabilities that are quick to produce, modular, and aligned with NATO&#8217;s evolving requirements.&#8221;
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Why It Matters: Last week, Anduril CEO Palmer Luckey confirmed the defense tech firm&#8217;s IPO plans, saying the company must go public to compete for trillion-dollar <a href="https://www.benzinga.com/markets/ipos/25/06/45877601/anduril-ceo-palmer-luckey-confirms-ipo-plans-to-compete-for-trillion-dollar-defense-contracts-we-are-definitely-going-to-be-a-publicly-traded">contracts like the F-35 program</a>.
The collaboration builds on Anduril&#8217;s <a href="https://www.benzinga.com/24/12/42464770/whats-going-on-with-archer-aviation-stock-today">recent defense partnerships</a>, including its alliance with Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) for U.S. Department of Defense hybrid aircraft development, with Archer raising $430 million to support the defense program.
The defense sector consolidation reflects a broader shift where tech-focused companies like Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and Anduril <a href="https://www.benzinga.com/markets/equities/24/12/42640010/palantir-and-anduril-reportedly-lead-consortium-partner-with-spacex-and-openai-to-compete-against-traditional-defense-contractors-in-850-billion-us-military-market">lead a consortium competing against traditional contractors</a> like Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) for the $850 billion U.S. defense market through AI-powered solutions and rapid innovation approaches.
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Photo Courtesy: Tada Images on Shutterstock.com

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Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) on Tuesday announced the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/g45978052/broadcom-delivers-the-modern-private-cloud-with-vmware-cloud-foundation-9-0" rel="noreferrer noopener">general availability of</a> VMware Cloud Foundation (VCF) 9.0, a private cloud platform that helps modernize infrastructure and accelerate cloud adoption.
The platform simplifies hybrid cloud management, enhances security, and provides a consistent operating model across data centers and public clouds for faster application development and improved cost control.&nbsp;
VMware Cloud Foundation 9.0 boasts a completely new architecture that empowers IT admins and application teams to accomplish far more and spend far less, the company said in a press release.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45899600/synopsys-broadcom-team-up-to-accelerate-high-performance-ai-and-computing" rel="noreferrer noopener">Synopsys, Broadcom Team Up To Accelerate High-Performance AI And Computing</a>
The platform delivers a streamlined experience for building, operating, and securing a modern private cloud across on-premises data centers, in hyperscaler and VMware Cloud Service provider clouds, and at the edge.
Last December, JP Morgan analyst Harlan Sur <a target="_blank" href="https://www.benzinga.com/24/12/42396941/broadcom-likely-for-upside-backed-by-ai-pipeline-market-recovery-vmware-synergy-as-key-ai-semiconductor-and-custom-chip-supplier" rel="noreferrer noopener">projected upside for</a> Broadcom, citing a strong demand profile for AI products, continued cyclical recovery in its diversified semiconductor (ex-AI) end markets, and unlocked VMWare revenue synergy.
In the software infrastructure business, Sur noted continued strong momentum in VMware, based on strong software renewals with its large corporate customers.
In the longer term, Sur noted over a $30 billion pipeline of AI revenue opportunities per AI customer over the next 4-5 years or over $150 billion in cumulative AI revenue opportunity.
Broadcom reported <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/45803595/broadcom-q2-earnings-revenue-eps-beat-estimates-driven-by-robust-demand-for-ai-networking-company-sees-acceleration-in-ai-revenue-ahead" rel="noreferrer noopener">second-quarter revenue</a> of $15 billion, up 20%, beating&nbsp;analyst estimates of $14.99 billion. This was driven by continued momentum in AI semiconductor solutions and VMware. The semiconductor company also reported second-quarter adjusted earnings of $1.58 per share, beating analyst estimates of $1.56.
The second-quarter&nbsp;AI revenue grew&nbsp;46%&nbsp;to over&nbsp;$4.4 billion,&nbsp;driven by robust demand for AI networking. It expects growth in AI semiconductor revenue to accelerate to&nbsp;$5.1 billion&nbsp;in&nbsp;the third quarter, delivering ten consecutive quarters of growth, as its hyperscale partners remain invested in boosting their AI infrastructure.
Price Action:&nbsp;AVGO stock is trading higher by 0.23% to $249.94 premarket at last check Wednesday.
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Barron Trump, the youngest son of President Donald Trump, may have reportedly earned almost $40 million from his family's cryptocurrency venture.
What Happened: In September 2024, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45646680/trump-familys-expanding-crypto-ties-raise-questions-on-ethics-influence-and-investor-risk">Trump announced the establishment of World Liberty Financial</a>, a crypto-focused company. Forbes <a href="https://www.forbes.com/sites/kylemullins/2025/06/17/how-barron-trump-could-have-earned-40-million-from-his-dads-crypto-venture/?utm_campaign=socialflowForbesMainTwitter&amp;utm_medium=social&amp;utm_source=ForbesMainTwitter">reports</a> that in a promotional interview at the time, Trump said, "Barron knows so much about this&#8230; He talks about his wallet. He's got four wallets or something, and I'm saying, ‘What is a wallet?'" The venture's "gold paper" mentioned Barron as a Web3 ambassador and cofounder, along with Donald Trump Jr. and Eric Trump.
As per recent financial disclosures, Donald Trump owns 52.5% of the company, while unnamed family members hold another 22.5%.
If divided evenly among Barron and his two brothers, that would give each a 7.5% stake. With at least $550 million in token sales, out of which $520 million reportedly went to the owners, each brother may have received around $39 million before taxes, leaving Barron with an approximate $25 million after-tax fortune.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45988862/trump-extends-tiktok-divestment-deadline-again-says-xi-will-ultimately-approve-the-deal-amid-stalled-us-spinoff-talks">Trump Extends TikTok Divestment Deadline Again, Says &#8216;Xi Will Ultimately Approve&#8217; The Deal Amid Stalled US Spinoff Talks</a>
Why It Matters: This figure surpasses what Trump's older children earned at a similar age by a significant margin. Their previous investments, including stakes in Trump's D.C. hotel and Las Vegas tower, did not yield comparable returns.
Barron, who was nine years old when his father launched his first presidential campaign, has mostly remained out of the spotlight. In 2018, his mother, Melania Trump, allegedly renegotiated her prenuptial agreement to ensure Barron's inheritance and participation in the family's business ventures.
Earlier this year, <a href="https://www.benzinga.com/real-estate/25/01/43182213/a-mogul-in-the-making-barron-trumps-luxury-property-venture-grows-wings-after-dad-donalds-inauguration">Barron filed incorporation documents</a> to set up his own real estate business, Trump, Fulcher &amp; Roxburgh Capital Inc.
Reports of Barron's earnings come just as Donald Trump Jr. said <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45966444/donald-trump-jr-says-his-father-doesnt-touch-the-family-backed-crypto-company-despite-disclosure-of-57-million-income">his father "doesn't touch" the family's crypto earnings</a> when questioned about the recent disclosures.
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Versatility Of Commercial Drones Performing Growing Number of Tasks is Driving Rapidly Increasing Adoption Rate

EHang Files Annual Report on Form 20-F for Fiscal Year 2024

Global Drone Market Projected to Reach $57.8 Billion By 2030 as Usage and Demands Soars

Drone-Mounted Lidar Systems for Bathymetric Surveys Market Expected to Reach $890 Million By 2032

EHang to Report First Quarter 2025 Unaudited Financial Results on Monday, May 26, 2025

Drones Used for Power Line Inspection Industry Exploding, Expected to Reach $323 Billion By 2032

Targeting the Skies: 4 Drone Stocks With Breakout Potential

EHang Reports First Quarter 2025 Unaudited Financial Results

EHang and Gotion High-Tech Join Forces to Power the Future of Low-Altitude Economy

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New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype

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