Dernières nouvelles pour EPWK Holdings (NASDAQ:EPWK) Stock

EPWK Holdings

EPWK Holdings Ltd create an innovative and efficient crowdsourcing platform to connect businesses with great talents. It operates online marketplace to enable businesses (buyers) and service providers (sellers) to find each other. The platform users consist of buyers who seek talents for their jobs and sellers who offer different talents and skills. The company derives revenue mainly comes from providing various value-added services for users on both supply and demand sides.

EPWK Holdings Ltd. - Class A Ordinary Shares

EPWK Holdings Ltd

EPWK HOLDINGS LTD CL A SHS

Leading Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) miner Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) has delivered a strong performance in recent weeks, despite the apex cryptocurrency's price action being somewhat quiet.
What happened: Bitcoin has hovered between $105,000 and $110,000 over the past month, with price movement remaining <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46007071/bitcoin-ethereum-xrp-dogecoin-trade-sideways-is-btc-bull-market-entering-its-final-leg">mostly sideways</a> and volatility reduced compared to earlier this year.
In contrast, Riot Platforms' stock has captured investor attention, rising about 14% over the same period.&nbsp;
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/markets/tech/25/07/46284752/coreweave-just-valued-core-scientific-like-its-2021-again">CoreWeave Just Valued Core Scientific Like It&#8217;s 2021 Again</a>
The company released its June 2025 production <a href="https://www.riotplatforms.com/riot-announces-june-2025-production-and-operations-updates/">updates </a>last week, reporting a 76% year-over-year growth in Bitcoin output and a 62% spike in deployed hash rate. On a monthly basis, though, the production declined slightly.&nbsp;
Riot also reduced its all-in power cost by 11% year-over-year, and earned $5.6 million in power credits in June, up 141% from May. 
As of this writing, Riot is the fourth-largest corporate holder of Bitcoin, sitting on a stash worth $2.08 billion, <a href="https://bitcointreasuries.net/">according </a>to Bitcoin Treasuries.net.
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<td>Asset</td>
<td>30-Day Gains +/-</td>
</tr>
<tr>
<td>Bitcoin&nbsp;</td>
<td>+2.47%</td>
</tr>
<tr>
<td>Riot Platforms</td>
<td>+14.13%</td>
</tr>
<tr>
<td>MARA Holdings</td>
<td>+2.95%</td>
</tr>
<tr>
<td>Strategy</td>
<td>+0.91%</td>
</tr>
</tbody>
</table>
</figure>
Other Bitcoin-linked stocks, such as Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), were constrained, growing only 0.91% and 2.95% over the last month.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $108,212.62, down 0.80% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Shares of RIOT were up 0.26% in after-hours trading after sliding 5.09% to $11.55 during Monday&#8217;s regular trading session.
RIOT demonstrated a high momentum score but lagged in Growth as of this writing. Want to see how it compares to Startegy and Mara? Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</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 loading="lazy" decoding="async" width="443" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08020134/image-67.png" alt="" class="wp-image-975810" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08020134/image-67.png 443w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08020134/image-67-300x131.png 300w" sizes="(max-width: 443px) 100vw, 443px" /></a></figure>
Photo Courtesy: T. Schneider on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46281239/strategy-launches-4-2-billion-offering-to-fuel-further-bitcoin-accumulation">Strategy Launches $4.2 Billion Offering To Fuel Further Bitcoin Accumulation</a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46148904/donald-trump-says-bitcoin-takes-a-lot-of-pressure-off-the-dollar"> </a></li>
</ul>

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

Cryptocurrency

News

Markets

$BNB

$BTC

$TON

MARA

MSTR

RIOT

Bitcoin Stalls, But Riot Platforms Outperforms With 14% Spike Over 30 Days — Mining Stock Leaves MARA And MSTR Trailing

BKHAU

Reported Earlier, Black Hawk Revises Trust Amendment Proposal To Replace Per-Share Formula With Flat $150K Monthly Extension Deposit

Cathie Wood's Ark Investment Management has filed plans to launch four new exchange-traded funds designed to offer downside protection for investors in its flagship ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), while placing a cap on potential gains.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/ARKK" target="_blank" rel="noreferrer noopener">ARKK stock here.</a>
What Happened: Last week, Ark filed <a href="https://www.sec.gov/Archives/edgar/data/1579982/000121390025061181/ea0247921-01_485apos.htm">with</a> the SEC for four new funds, the ARK Q1, Q2, Q3, and Q4 Defined Innovation ETFs, which will each operate on a rolling 12-month cycle beginning in January, April, July, and October, respectively.
Referred to as &#8220;buffer ETFs,&#8221; they are mostly aimed at limiting potential losses at the firm&#8217;s Ark Innovation ETF to 50%, over their respective timeframes. However, they will only participate in ARKK's gains if the underlying fund rises more than about 5% over that same period, according to a report by Reuters.
See Also: <a href="https://www.benzinga.com/news/25/07/46211529/cathie-wood-doubles-down-on-tesla-amid-elon-musks-feud-with-trump-sells-3-million-worth-of-coinbase-stock">Cathie Wood Doubles Down On Tesla Amid Elon Musk&#8217;s Feud With Trump, Sells $3 Million Worth Of Coinbase Stock</a>
This marks Ark&#8217;s entry into the growing buffer ETF market, which has been gaining traction in recent years as investors seek a more measured approach to equity market volatility.
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<td class="has-text-align-center" data-align="center">Newly Launched Buffer ETF Name (Ticker)</td>
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<tr>
<td class="has-text-align-center" data-align="center">ARK Q1 Defined Innovation ETF (ARKI)</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">ARK Q2 Defined Innovation ETF (ARKJ)</td>
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<td class="has-text-align-center" data-align="center">ARK Q3 Defined Innovation ETF (ARKL)</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">ARK Q4 Defined Innovation ETF (ARKM)</td>
</tr>
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With this, the Ark joins the ranks of BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), Allianz SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ALIZF#OTC">ALIZF</a>) and Innovator ETFs by Capital Management LLC, which have several such products in the market.
According to Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, &#8220;These are like Diet Ark. Investors are probably telling them, &#8216;we like the taste and the kick but would like to trim the caffeine and sugar.'&#8221;
&#8220;So maybe they would like to give up a touch of upside for some sleep at night for the downside,&#8221; Balchunas says, as reported <a href="https://www.bloomberg.com/news/articles/2025-07-07/cathie-wood-targets-investor-jitters-with-diet-ark-buffer-etfs">by</a> Bloomberg.
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<thead>
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<th class="has-text-align-center" data-align="center">Company</th>
<th class="has-text-align-center" data-align="center">Portfolio Weight</th>
<th class="has-text-align-center" data-align="center">2025 YTD Return</th>
</tr>
</thead>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">9.89%</td>
<td class="has-text-align-center" data-align="center">-22.50%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td class="has-text-align-center" data-align="center">8.48%</td>
<td class="has-text-align-center" data-align="center">+38.84%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>)</td>
<td class="has-text-align-center" data-align="center">7.65%</td>
<td class="has-text-align-center" data-align="center">+18.22%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)</td>
<td class="has-text-align-center" data-align="center">6.41%</td>
<td class="has-text-align-center" data-align="center">+83.14%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">CRISPR Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>)</td>
<td class="has-text-align-center" data-align="center">5.41%</td>
<td class="has-text-align-center" data-align="center">+23.53%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td class="has-text-align-center" data-align="center">5.40%</td>
<td class="has-text-align-center" data-align="center">+136.97%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>)</td>
<td class="has-text-align-center" data-align="center">4.80%</td>
<td class="has-text-align-center" data-align="center">+149.26%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>)</td>
<td class="has-text-align-center" data-align="center">4.71%</td>
<td class="has-text-align-center" data-align="center">+8.49%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>)</td>
<td class="has-text-align-center" data-align="center">4.63%</td>
<td class="has-text-align-center" data-align="center">+69.37%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td>
<td class="has-text-align-center" data-align="center">4.15%</td>
<td class="has-text-align-center" data-align="center">+85.02%</td>
</tr>
</tbody>
</table>
</figure>
Why It Matters: Last week, Proshares <a href="https://www.benzinga.com/etfs/new-etfs/25/07/46208362/proshares-launches-etfs-that-reset-daily-so-you-dont-have-to-panic-when-markets-are-choppy">launched buffer ETFs</a> that reset daily, without lock-in periods that last for an entire year. The fund house employs a patent-pending methodology that protects investors from daily drawdowns, while still providing exposure to potential gains.
Ark&#8217;s funds have been <a href="https://www.benzinga.com/etfs/specialty-etfs/25/06/45804512/trump-musk-feud-gets-ugly-etfs-exposed-with-tesla-caught-in-the-crossfire">caught in the crossfire</a> in recent months, particularly due to its exposure to Tesla, which witnessed sharp drawdowns in response to the ongoing feud between CEO Elon Musk and President Donald Trump. The buffer ETFs are aimed at protecting investors from such volatility.
This kind of protection is particularly suited for the Ark Innovation ETF, given its exposure to speculative and disruptive technologies. In 2022, the fund witnessed a steep 66.9% pullback owing to the same. 
Price Action: The Ark Innovation ETF was down 0.91% on Monday, trading at $70.44 and is up 0.06% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08013955/Screenshot-2025-07-08-at-11.09.37-AM-1024x193.png" alt="" class="wp-image-975787" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08013955/Screenshot-2025-07-08-at-11.09.37-AM-1024x193.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08013955/Screenshot-2025-07-08-at-11.09.37-AM-300x57.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08013955/Screenshot-2025-07-08-at-11.09.37-AM-768x145.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08013955/Screenshot-2025-07-08-at-11.09.37-AM.png 1176w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, the Ark Innovation ETF has an unfavorable price trend in the short, medium and long terms, but how does it compare with other related ETFs? Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to find out more.
Photo courtesy: ChrisStock82 / Shutterstock.com
Read More: 
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<li><a href="https://www.benzinga.com/crypto/25/07/46267760/cathie-wood-questions-big-movement-in-old-bitcoin-part-of-a-government-settlement-deal">Cathie Wood Questions Big Movement In Old Bitcoin: &#8216;Part Of A Government Settlement Deal?&#8217;</a></li>
</ul>

Specialty ETFs

Options

ETFs

Allianz Ag Muenchen Namen-Akt Vinkuliert Shares

ALIZF

ARKK

COIN

CRCL

CRSP

HOOD

PLTR

RBLX

ROKU

SHOP

TSLA

Cathie Wood-Led Ark Launches Buffer ETFs For Its Flagship ARKK, Analyst Says It's Like Diet Soda — 50% Loss Protection, But There's A Catch

FLNC

Reported Earlier, Fluence Selected By AMPYR Australia For 300 MW / 600 MWh Wellington Battery Project With Full Suite Of Intelligent Storage Solutions

The Board has scheduled an extraordinary general meeting of its shareholders to be held on July 29, 2025 (the "EGM") for shareholders of record as of July 3, 2025 (the "Record Date") to vote on the forward stock split and the filing of a second amended and restated memorandum and articles of association (the "Proposals"). Should the Proposals be approved by shareholders the forward stock split will be effective from August 1, 2025.&nbsp;

DGNX

Reported Earlier, Diginex Board Proposes Eight-for-One Forward Stock Split To Broaden Investor Access And Boost Liquidity

Anduril Industries CEO Palmer Luckey publicly thanked President Donald Trump on Monday after the president announced resumed U.S. weapons shipments to Ukraine, marking a significant policy shift for the defense technology executive&#8217;s company.
What Happened: &#8220;Thank you, Donald Trump!&#8221; Luckey wrote on X, responding to Trump&#8217;s declaration that the United States would send additional arms to help Ukraine defend against Russian attacks. 
The president&#8217;s comments came during a meeting with Israeli Prime Minister Benjamin Netanyahu, where Trump stated: &#8220;We have to. They have to be able to defend themselves. They&#8217;re getting hit very hard. We&#8217;re going to have to send more weapons.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you, <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>! <a href="https://t.co/hYGPUzAA1W">https://t.co/hYGPUzAA1W</a>
&mdash; Palmer Luckey (@PalmerLuckey) <a href="https://twitter.com/PalmerLuckey/status/1942411606287163770?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
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According <a href="https://www.wsj.com/politics/national-security/trump-told-zelensky-he-wasnt-responsible-for-weapons-holdup-f684444b">to</a> the Wall Street Journal, Trump&#8217;s announcement represents the strongest indication yet that he has embraced strengthening Ukraine&#8217;s defenses after months of unsuccessful negotiations with Moscow.
Pentagon spokesman Sean Parnell confirmed late Monday that the Department of Defense would send additional defensive weapons &#8220;at President Trump&#8217;s direction.&#8221;
The weapons resumption follows a controversial pause in shipments that surprised the State Department, Congress, and Ukrainian officials.
The halted deliveries included Patriot antimissile interceptors, AIM-120 antiaircraft missiles, howitzer rounds, and GMLRS missiles for HIMARS rocket launchers, according to a WSJ report, which cited sources.
See Also: <a href="https://www.benzinga.com/markets/economic-data/25/07/46288472/japans-prime-minister-criticizes-trumps-tariff-decision-shigeru-ishiba-calls-move-truly-regrettable">Japan&#8217;s Prime Minister Criticizes Trump&#8217;s Tariff Decision: Shigeru Ishiba Calls Move &#8216;Truly Regrettable&#8217;</a>
Why It Matters: Luckey&#8217;s company has significant exposure to Ukraine&#8217;s defense needs. The Southern California-based contractor disclosed in July that its autonomous weapons systems destroyed &#8220;hundreds of millions&#8221; worth of Russian military assets since deploying personnel and hardware <a href="https://www.benzinga.com/markets/tech/25/07/46238717/anduril-ceo-palmer-luckey-says-weapons-destroyed-hundreds-of-millions-in-russian-assets-urges-us-military-aid-to-ukraine">just two weeks into the invasion</a>.
Anduril recently raised $2.5 billion at a $30.5 billion valuation, more than doubling from last year&#8217;s $14 billion mark.
The defense sector has benefited from surging global military spending, which <a href="https://www.benzinga.com/25/04/45032800/global-defense-budgets-surge-to-27-trillion-as-europe-and-middle-east-lead-steepest-increase-since-cold-war-report">rose 9.4% to $2.72 trillion in 2024</a>. The U.S. has provided $66.9 billion in military assistance to Ukraine since Russia&#8217;s 2022 invasion, with the last major package worth $1.22 billion approved in December under the Biden administration.
Trump told Ukrainian President Volodymyr Zelensky in a Friday phone call that he wasn&#8217;t responsible for the weapons halt, which came after a Pentagon munitions review following U.S. strikes on Iran&#8217;s nuclear sites, according to WSJ. The White House National Security Council will meet on Tuesday to discuss new weapons deliveries.
Defense stocks have rallied on <a href="https://www.benzinga.com/25/03/44378672/defense-stocks-are-soaring-expert-sees-170-as-achievable-by-year-end-for-this-preferred-pick">increased military spending expectations</a>, with analysts targeting RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) at $170 by year-end.
Other major contractors, including Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), stand to benefit from sustained defense demand driven by NATO budget increases and global tensions.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46288786/us-export-bans-and-nvidia-supply-issues-crush-samsung-chip-profits-hopes-rest-on-ultra-thin-foldables-smartwatches-and-possible-xr-debut-at-galaxy-unpacked-event">US Export Bans And Nvidia Supply Issues Crush Samsung Chip Profits — Hopes Rest On Ultra-Thin Foldables, Smartwatches And Possible XR Debut At Galaxy Unpacked Event</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tada Images / Shutterstock.com

Politics

Anduril CEO Palmer Luckey Says 'Thank You' As Trump Resumes Ukraine Arms Shipments

Broadridge's faster, cost-efficient access to the ECB's TIPS service is accelerating financial institutions' compliance with new EU Instant Payment regulations

Broadridge Accelerates EU Instant Payment Compliance With Swift Connectivity And ECB TIPS Integration Ahead Of October 2025 Deadline

HIVE

HIVE Ramps Up Monthly BTC Output By 18% With Phase 2 Paraguay Online, Advancing Toward 25 EH/s Run Rate In 2025

Macro Economic Events

Econ #s

Economics

Germany Trade Balance For May 18.4B Vs. 15.7B Est.; 15.8B (Revised) Prior

Gerber Kawasaki's co-founder, Ross Gerber, thinks that Robotaxis will eclipse and surpass ride-hailing giant Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) as autonomous driving advances in the U.S.
Check out the current price of <a href="https://www.benzinga.com/quote/uber">UBER stock here</a>.
What Happened: "Uber is going to be eaten alive by Robotaxis. Just a matter of time," Gerber said in a post on social media platform X on Monday. He did not provide any additional details about why the investor thought this way.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Uber is going to get eaten alive by robotaxis. Just a matter of time…
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1942361254926114883?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
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However, in a separate post, he shared what could be perceived as a veiled criticism of Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Robotaxi. "When I said robotaxis. I meant ones that actually work…" Gerber said. The investor has been a staunch critic of Tesla's FSD and Robotaxi in the past.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When I said robotaxis. I meant ones that actually work…
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1942367297794105637?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Gerber's comments come as Uber recently offered <a href="https://www.benzinga.com/markets/tech/25/06/46087567/uber-nears-all-time-high-as-waymo-partnership-expands-to-atlanta-gary-black-calls-it-low-risk-while-tesla-lags-in-supervised-autonomy">autonomous taxis on its platform</a> for the first time in the city of Atlanta in partnership with Alphabet Inc.'s (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>) Waymo.
The company also invested in <a href="https://www.benzinga.com/markets/large-cap/25/06/45855580/uber-softbank-backed-wayve-to-test-self-driving-cars-on-public-roads-in-uk">autonomous driving company Wayve</a>, which recently began testing level 4 self-driving cars in the UK for the first time. The company is also backed by Japan's SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>).
Uber also partnered with Pony AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) to launch autonomous taxis in the Middle East. <a href="https://www.benzinga.com/markets/tech/25/07/46269806/pony-ai-to-deploy-robotaxis-in-dubai-trials-begin-late-2025">Pony recently announced</a> a deal with authorities in Dubai to test Level 4 autonomous driving vehicles in the Emirate.
Elsewhere, Tesla's Robotaxi has raised questions once again about the company's FSD or Full-Self Driving technology as a Model Y <a href="https://www.benzinga.com/markets/tech/25/07/46268433/teslas-full-self-driving-tech-under-fire-again-after-robotaxi-nearly-hits-parked-vehicle-report">Robotaxi nearly hit</a> a parked vehicle in the city of Austin.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="200" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08003830/UBER-JUL-8-2025-1024x200.jpg" alt="" class="wp-image-975745" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08003830/UBER-JUL-8-2025-1024x200.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08003830/UBER-JUL-8-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08003830/UBER-JUL-8-2025-768x150.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08003830/UBER-JUL-8-2025-1536x300.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/08003830/UBER-JUL-8-2025.jpg 1559w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Uber scores well on Momentum and Growth metrics while offering satisfactory Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
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/25/06/46030504/uber-expands-ai-services-countries-businesses-train-smarter-ai-agents">Uber Collected Tons Of User Data For Years, Will License It To 30 Countries For AI</a></li>
</ul>
Photo courtesy: DenPhotos / Shutterstock.com

Tech

GOOG

GOOGL

PONY

SFTBF

UBER

Uber Is Going To Get 'Eaten Alive By Robotaxis,' Says Ross Gerber As Autonomous Driving Gathers Steam

Reported Earlier, Australia Interest Rate Decision For July 3.85% Vs. 3.60% Est.; 3.85% Prior

Reported Earlier, National Australia Bank Business Confidence For June 5 Vs. 2 Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Current Account n.s.a. For May 3.436T Vs. 2.940T Est.; 2.258T Prior

Reported Earlier, Japan Adjusted Current Account For May 2.82T Vs. 2.58T Est.; 2.31T Prior

U.S. Treasury Secretary Scott Bessent announced plans to meet with his Chinese counterpart in the coming weeks to advance trade discussions between the world&#8217;s two largest economies, amid escalating tariff threats from President Donald Trump.
What Happened: &#8220;I&#8217;m going to be meeting with my Chinese counterpart at sometime in the next couple of weeks,&#8221; Bessent said in a CNBC <a href="https://www.cnbc.com/video/2025/07/07/several-trade-announcements-coming-in-the-next-48-hours-says-treasury-secretary-bessent.html">interview</a> on Monday. &#8220;We had good meetings in Geneva, in London. We both approached it with great respect.&#8221;
The announcement comes as Trump intensifies pressure on China through comprehensive tariff restructuring. On Sunday, Trump threatened an <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">additional 10% tariff on any country</a> aligning with BRICS anti-American policies, targeting the ten-nation alliance, including China, Russia, India, and Brazil.
Trump has signed &#8220;take it or leave it&#8221; letters to 12 countries detailing specific tariff rates, with Commerce Secretary Howard Lutnick confirming plans to finalize deals with ten major trading partners by July 9. Base tariffs of 10% remain in effect, with additional levies <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">reaching up to 70% for some nations</a>.
Bessent indicated potential for broader cooperation beyond trade issues. &#8220;I think there are things for us to do together if the Chinese want to do it,&#8221; he said. &#8220;So we will discuss whether we are able to move beyond trade into other areas.&#8221;
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46288679/trump-may-have-sent-dear-japan-letter-on-tariffs-but-tokyo-unlikely-to-make-progress-on-deal-until-this-key-event-takes-place">Trump May Have Sent Dear Japan Letter On Tariffs, But Tokyo Unlikely To Make Progress On Deal Until This Key Event Takes Place</a>
Why It Matters: The meeting comes as the Federal Reserve expresses caution about interest rate cuts due to potential inflationary impacts from escalating tariffs. Trump&#8217;s strategy has shifted from comprehensive negotiations to bilateral letters, which he considers more efficient than <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">complex multilateral trade talks</a>.
Only the United Kingdom has <a href="https://www.benzinga.com/news/politics/25/06/46163327/trump-starmer-trade-deal-kicks-in-uk-luxury-cars-get-10-tariff-rolls-royce-engines-fly-duty-free-into-us">secured preferential treatment</a>, with auto tariffs reduced from 27.5% to 10% and aerospace duties eliminated, benefiting companies like Rolls-Royce Holdings.
The bilateral discussions occur against a backdrop of <a href="https://www.benzinga.com/markets/tech/25/07/46267944/tiktok-to-roll-out-new-us-app-as-trump-says-we-pretty-much-have-a-deal-report">broader U.S.-China tensions</a>, including semiconductor export restrictions and ongoing negotiations over TikTok&#8216;s U.S. operations under ByteDance ownership.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46288145/mark-zuckerbergs-meta-lures-away-apple-ai-chief-ruoming-pang-with-tens-of-millions-compensation-package-report">Mark Zuckerberg&#8217;s Meta Lures Away Apple AI Chief Ruoming Pang With Tens-Of-Millions Compensation Package: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

RYCEY

Treasury Secretary Scott Bessent Plans China Talks Amid Trump's Escalating Tariff Push

On Tuesday, Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) reported a sharp 56% drop in second-quarter operating profit, citing <a href="https://www.benzinga.com/25/01/43003008/taiwan-semi-samsung-intel-may-face-stricter-us-rules-on-chip-exports-to-china-over-security-concerns">U.S. export restrictions</a> on advanced AI chips for China — a blow to its semiconductor business just days before its major Galaxy Unpacked product launch.
What Happened: The South Korean chipmaker estimated operating profit at 4.6 trillion won for the April–June period, missing the 6.2 trillion won forecast from LSEG SmartEstimate, reported Reuters.
That marks Samsung's weakest profit in six quarters, down from 10.4 trillion won a year earlier.
In a statement, Samsung attributed the decline to "inventory value adjustments and the impact of U.S. restrictions on advanced AI chips for China."
See Also:&nbsp;<a href="https://www.benzinga.com/news/education/25/06/45983347/jensen-huang-gave-12-6-million-to-charity-then-nvidias-stock-made-it-billions" target="_blank" rel="noreferrer noopener">Jensen Huang Gave $12.6 Million To Charity, Then Nvidia's Stock Made It Billions</a>
Sales were also impacted by delays in shipping <a href="https://www.benzinga.com/government/24/08/40198085/huawei-and-baidu-increase-samsung-hbm-purchases-as-us-curbs-loom">high-bandwidth memory</a> (HBM) chips to key U.S. customer Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), the report said.
Why It's Important: Samsung's semiconductor struggles underline its dependence on markets where U.S. trade policy now imposes major limitations, notably China. Meanwhile, rivals like SK Hynix and Micron have surged on AI-driven chip demand in the U.S., the report added.
Detailed second-quarter earnings are expected on July 31.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Samsung's <a href="https://www.benzinga.com/news/25/06/46067207/samsung-confirms-july-9-unpacked-event-with-ultra-unfolds-teaser-galaxy-z-fold-6-ultra-launch-imminent">Galaxy Unpacked event on July 9</a> is expected to spotlight new foldable devices — the Galaxy Z Fold 7 and Z Flip 7 — with leaks pointing to camera upgrades, AI features and thinner designs.
A third foldable, possibly a tri-fold smartphone, may also debut, hinted at by leaks and Samsung's use of the word &#8220;Ultra&#8221; in marketing.
In addition to foldables, Samsung will likely unveil the Galaxy Watch 8 and Watch 8 Classic, with possible health-tracking improvements like blood glucose monitoring.
There's also a chance <a href="https://www.benzinga.com/25/01/43151196/samsung-google-team-up-to-develop-ar-glasses-entering-the-race-against-meta-and-apple">Samsung could tease</a> Project Moohan, its upcoming XR headset, though its appearance remains uncertain ahead of a late 2025 launch.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46127671/amazon-loses-top-ai-leader-in-high-stakes-talent-shuffle" target="_blank" rel="noreferrer noopener">Amazon Loses Top AI Leader In High-Stakes Talent Shuffle</a></li>
</ul>
Photo Courtesy: Sybillla on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

NVDA

SSNLF

US Export Bans And Nvidia Supply Issues Crush Samsung Chip Profits — Hopes Rest On Ultra-Thin Foldables, Smartwatches And Possible XR Debut At Galaxy Unpacked Event

Veteran investors, like Gerber Kawasaki's co-founder, Ross Gerber and Wedbush Securities' Dan Ives, have criticized Elon Musk's return to politics and questioned the Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Board of Directors (BOD) as company stock declined almost 7% in the last 24 hours.
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>.
What Happened: Gerber took to social media platform X on Monday, slamming the Tesla Board of Directors, calling the entity "a joke" in his post.
"They are Elon vampires sucking the blood of tesla equity. They will do and say nothing," Gerber said before adding that no one was in favor of the "Elon First" party as he criticized Musk's proposed America First political party to take on U.S. President Donald Trump.
<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">There is no tesla BOD. It's a joke. They are Elon vampires sucking the blood of tesla equity. They will do and say nothing. No one wants the Elon First party. No one.
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1942201871902662828?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Elsewhere, Ives shared his thoughts in an interview with CNBC TV18 Prime on Monday. "It's the exact opposite of where you wanna see him at," Ives said when asked about Musk's return to politics.
The Tesla bull added that Musk risks becoming "a foe" for "Trump and the Republican Party" which is something a Tesla investor would not want to see. Ives conceded that Musk's political activities have put Tesla stock under pressure.
"It's the worry about if Musk continues to go down this route, what does that mean in terms of regulatory, in terms of Trump," he said. However, Ives did acknowledge that Trump and the GOP would want Musk in their camp.
Speaking on the Tesla Board, Ives said, "The board's gonna have to take some sort of action," in the situation and he referenced Musk's involvement with DOGE in the past. "There were some overtures or shots across the bow from the Board at the height of the DOGE situation," he said.
"You cannot have Musk start his political party and remain CEO of Tesla," Ives said, in what could be some harsh words from Ives, who usually maintains bullish views on the EV giant.
<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/GlobalLens?src=hash&amp;ref_src=twsrc%5Etfw">#GlobalLens</a>&#x7C; &#39;It&#39;s matter of time before Tesla board questions Elon Musk&#39;s decision to launch a political party,&#39; Dan Ives of Wedbush Securities tells <a href="https://twitter.com/Parikshitl?ref_src=twsrc%5Etfw">@parikshitl</a>. He was reacting to Musk&#39;s decision to form a new political party, &#39;The America Party&#39;. <a href="https://t.co/ka8JfrRSfD">pic.twitter.com/ka8JfrRSfD</a>
&mdash; CNBC-TV18 Prime (@CNBCTV18PrimeIN) <a href="https://twitter.com/CNBCTV18PrimeIN/status/1942253363145617641?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The criticism follows Musk's doubling down on his political ambitions as tensions between the billionaire and Trump continue to rise, with Musk reigniting the Jeffrey Epstein <a href="https://www.benzinga.com/news/politics/25/07/46270547/elon-musk-reignites-jeffrey-epstein-client-list-row-adding-fuel-to-the-feud-with-trump">Client List row</a>.
Musk's decision to found his political party has been slammed by experts like former <a href="https://www.benzinga.com/markets/tech/25/07/46268694/elon-musks-america-party-plans-conflict-with-his-full-time-responsibilities-as-tesla-ceo-says-former-doge-advisor">DOGE advisor James Fishback</a>, as well as Trump, who called the <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">idea a "train wreck"</a> and reiterated the centuries-long two-party system in the U.S.
However, Musk has also found support, perhaps from the least likely sources as users on <a href="https://www.benzinga.com/news/politics/25/07/46216023/after-trump-warns-elon-musk-to-close-up-shop-china-rallies-behind-worlds-richest-man-theres-no-need-to-keep-putting-up-with-it">Chinese social media</a> rallied behind the billionaire as his feud with Trump intensified over the latter's Big, Beautiful Bill <a href="https://www.benzinga.com/markets/tech/25/07/46270052/as-trumps-big-beautiful-bill-is-signed-into-law-these-evs-from-tesla-gm-and-ford-will-become-more-expensive">signed into law</a> on the Fourth of July.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-1024x199.jpg" alt="" class="wp-image-975718" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-1536x298.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025.jpg 1552w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers satisfactory Momentum and Quality while scoring well on the Growth metric. However, the stock offers poor Value. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> today!
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/news/politics/25/06/46186733/elon-musk-staging-a-political-comeback-tesla-ceo-sparks-america-party-buzz-as-he-slams-trumps-insane-spending-bill">Elon Musk Staging A Political Comeback? Tesla CEO Sparks &#8216;America Party&#8217; Buzz As He Slams Trump&#8217;s &#8216;Insane Spending Bill&#8217;</a></li>
</ul>
Photo courtesy: VTT Studio / Shutterstock.com

Ross Gerber Slams 'Joke' Tesla Board As Elon Musk Returns To Politics, Dan Ives Says Musk Cannot Start Own Political Party 'And Remain CEO'

Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) meme coin teased its official launch on Justin Sun-founded Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) blockchain on Monday.
What Happened:&nbsp;The official X account of the meme coin project said on X, &#8220;TRUMP on TRON is coming. Stay tuned!&#8221;
Tron <a href="https://x.com/trondao/status/1942245235842813969">confirmed </a>the news, stating that the integration has been made possible by LayerZero's interoperability infrastructure. 
<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/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> on <a href="https://twitter.com/hashtag/TRON?src=hash&amp;ref_src=twsrc%5Etfw">#TRON</a> is coming. Stay tuned! <a href="https://t.co/S5WfV8APvU">pic.twitter.com/S5WfV8APvU</a>
&mdash; TrumpMeme (@GetTrumpMemes) <a href="https://twitter.com/GetTrumpMemes/status/1942196698119369063?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
TRUMP memecoin, currently valued at over $1 billion, has been courting controversy ever since its launch days before Trump&#8217;s inauguration in January. Political opponents and even&nbsp;<a href="https://www.benzinga.com/markets/25/05/45563302/pro-trump-crypto-enthusiasts-slam-trumps-memecoin-dinner-as-distasteful-and-an-unnecessary-distraction-hes-becoming-a-salesman-in-chief" target="_blank" rel="noreferrer noopener">some pro-Trump crypto enthusiasts</a>&nbsp;have voiced concerns about potential conflicts of interest and the possibility of shadowy buyers gaining access to Trump through the memecoin. Trump has&nbsp;<a href="https://in.benzinga.com/25/05/45187462/trump-denies-personal-profit-from-memecoin-venture-i-havent-even-looked" target="_blank" rel="noreferrer noopener">refuted claims</a>&nbsp;that he is financially benefiting from the venture.&nbsp;
See Also:&nbsp;<a href="https://benzinga.com/24/12/42496442/if-you-invested-1000-in-pudgy-penguins-nfts-at-mint-heres-how-much-youd-have-today" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Pudgy Penguins NFTs At Mint, Here&#8217;s How Much You&#8217;d Have Today </a>
Why It Matters:&nbsp;TRUMP memecoin&#8217;s launch on the Tron network is significant given the recent developments surrounding the two entities. 
Sun has deepened engagement with Trump family&#8217;s cryptocurrency ventures of late. Apart from being a<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198909/trump-linked-crypto-platform-world-liberty-financial-appoints-justin-sun-as-advisor-after-30-million-investment"> key investor and advisor</a> at World Liberty Financial, the decentralized finance platform backed by the Trump family, he was invited to an exclusive dinner with the president <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45367052/trump-memecoin-exclusive-dinner-guest-list-revealed-with-justin-sun-shining-at-the-top-rep">as the largest holder</a> of the TRUMP meme coin.
Chinese-born Sun made headlines last year after he <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116475/paying-6-24-million-for-a-duct-taped-banana-justin-sun-did-just-that-and-now-hell-eat-it-as-part-of-this-unique-artistic-experience" target="_blank" rel="noreferrer noopener">purchased an art piece with a banana taped to a wall for $6.2 million</a> and ate the fruit later.
Meanwhile, Tron is <a href="https://www.benzinga.com/crypto/25/06/45951049/justin-suns-tron-plans-us-public-listing-amid-deepening-ties-with-trump-family-and-crypto-political-shift">preparing to go public in the U.S.</a> through a reverse merger with collectibles company SRM Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>).
Price Action:&nbsp; At the time of writing, TRUMP was exchanging hands at $8.51, down 1.86% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;TRX was trading at $0.2871, down 0.42%.
Shares of SRM tumbled 3.44% in after-hours trading after closing 2.93% higher at $8.440 during Monday's regular trading session.
The stock demonstrated a very high Momentum score as of this writing. Do you want to discover the top five stocks on Wall Street with the most Momentum? Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</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 loading="lazy" decoding="async" width="453" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07233414/image-1-13.png" alt="" class="wp-image-975695" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07233414/image-1-13.png 453w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07233414/image-1-13-300x130.png 300w" sizes="(max-width: 453px) 100vw, 453px" /></a></figure>
Read Next:&nbsp;
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President Donald Trump's decision to impose 25% tariffs on imports from South Korea and Japan is drawing sharp criticism from economists who say the rationale behind the move is fundamentally flawed.
What Happened: On Monday, Economist Peter Schiff called out Trump&#8217;s public letters to both East Asian nations, saying that they showed &#8220;a complete lack of understanding of trade,&#8221; in a post on X.
Schiff notes that the tariffs charged by Japan on U.S. goods average under 2%, and are even lower in South Korea, at under 1%. &#8220;Our trade deficits result from South Korea and Japan making more goods that Americans want to buy than the goods we make that they want to buy,&#8221; he says.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">Trump Threatens 10% &#8216;Additional&#8217; Tariff On All BRICS-Aligned Nations, Says Tariff Letters Drop At Noon Monday</a>
He also warns that the tariffs are unlikely to achieve their intended effect, which he blames on the falling U.S. dollar in recent months.
&#8220;Trump&#8217;s 25% tariffs will have a minimal effect on our trade deficits with either nation. In fact, as the dollar falls, our trade deficits will likely rise in dollar terms, as we pay more to import less,&#8221; he said.
<figure class="wp-block-embed aligncenter 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">Trump&#39;s letters to Japan and South Korea demonstrate a complete lack of understanding of trade. Tariffs have nothing to do with America&#39;s trade deficits with either nation. Japan&#39;s tariffs on U.S. goods average less than 2%, and Korea&#39;s average less than 1%. Our trade deficits…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1942341119280333289?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This sentiment was echoed by University of Michigan economist Justin Wolfers, who pointed out that South Korea already has a free trade agreement with the U.S. 
&#8220;The U.S. is imposing a 25% tariff on Korea because of trade deficits that it claims are &#8216;engendered by Korea&#8217;s Tariff and Non-Tariff, Policies and Trade Barriers,'&#8221; Wolfers says. &#8220;But Korea has a free trade agreement with the U.S. It charges zero tariffs on nearly everything.&#8221;
<figure class="wp-block-embed aligncenter 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 U.S. is imposing a 25% tariff on Korea because of trade deficits that it claims are &quot;engendered by Korea&#39;s Tariff and Non Tariff, Policies and Trade Barriers.&quot; But Korea has a free trade agreement with the U.S. It charges zero tariffs on nearly everything. <a href="https://t.co/FaOFyeHWbf">pic.twitter.com/FaOFyeHWbf</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1942335218372764011?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Over a month ago, Schiff had said the same, that <a href="https://www.benzinga.com/25/05/45404821/dollar-correction-imminent-sans-tariffs-to-reduce-the-us-trade-deficit-says-peter-schiff-minor-decline-would-make-trade-deficit-larger">only a major decline</a> in the U.S. dollar, one that makes imports prohibitively expensive for American consumers, can help reduce the trade deficit.
A minor decline like the present, on the other hand, would only serve to &#8220;make the trade deficit larger by increasing the cost of imports. The consequence is both inflation and interest rates will rise,&#8221; he said. 
Japan's Prime Minister&nbsp;Shigeru Ishiba has since <a href="https://www.benzinga.com/markets/economic-data/25/07/46288472/japans-prime-minister-criticizes-trumps-tariff-decision-shigeru-ishiba-calls-move-truly-regrettable">voiced his dissatisfaction</a> with Trump&#8217;s decision to impose 25% tariffs on goods imported from the country, calling it &#8220;truly regrettable.&#8221;
Image by Rokas Tenys via Shutterstock
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46269036/scott-bessent-says-tariff-rates-set-to-boomerang-back-in-august-for-countries-failing-to-strike-a-deal">Scott Bessent Says Tariff Rates Set To &#8216;Boomerang Back&#8217; In August For Countries Failing To Strike A Deal</a></li>
</ul>

Trump's Letters To Japan And Korea Attract Criticism From Economists: Move Demonstrates 'Complete Lack Of Understanding Of Trade'

President Donald Trump notified Japan of 25% tariff rates on Monday, effectively extending negotiations until August 1 as Japan&#8217;s July 20 upper house election constrains deal-making. 
Trump&#8217;s 90-day pause on &#8220;reciprocal&#8221; tariffs expires Wednesday. Treasury Secretary Scott Bessent acknowledged Japan&#8217;s &#8220;domestic constraints,&#8221; telling CNBC, &#8220;We&#8217;ll see where the Japanese deal goes.&#8221;
Japanese negotiator Ryosei Akazawa made seven U.S. trips in April-June, but automobile tariffs remain sticking points. Prime Minister Shigeru Ishiba told NHK Japan won&#8217;t &#8220;make easy compromises.&#8221; The Liberal Democratic Party-Komeito coalition needs 50 seats for stability.
The LDP-Komeito coalition is facing challenges in key single-member districts, which are critical to the election outcome, according to a Nikkei <a href="https://asia.nikkei.com/Economy/Trade-war/Trump-tariffs/Stalled-US-tariff-talks-hinge-on-Japan-s-upper-house-election">survey</a> conducted on Thursday and Friday. 
Any announcement of a tariff increase during the campaign period could further damage support for the Ishiba administration. According to Nikkei, political weakness would limit Japan&#8217;s negotiating flexibility on major concessions.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/asia/25/07/46285151/trump-tariffs-japan-yen-etfs-market-reaction">Trump&#8217;s Surprise Tariffs Just Crushed Japan&#8217;s Stocks, Yen And More</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump May Have Sent Dear Japan Letter On Tariffs, But Tokyo Unlikely To Make Progress On Deal Until This Key Event Takes Place

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