Chicago Mayor Brandon Johnson signed an executive order Saturday aimed at resisting President Donald Trump's planned immigration crackdown, setting up a potential showdown between City Hall and the White House.



<h2 class="wp-block-heading">Johnson Bans Chicago Police From Aiding Federal Immigration Raids</h2>



The order bars Chicago police from collaborating with federal agents on immigration raids or joint patrols and directs city departments to explore legal and legislative tools to oppose the administration's actions, as reported <a href="https://edition.cnn.com/2025/08/30/politics/chicago-mayor-signs-order-aimed-at-resisting-trumps-planned-immigration-crackdown">by</a> CNN.



Johnson warned residents that the city may soon see "militarized immigration enforcement" in its neighborhoods.



"We may also see National Guard troops. We may even see active duty military and armed vehicles in our streets," Johnson said before signing the order.&nbsp;



"Our people have not asked for this, but nevertheless, we find ourselves having to respond."



<h2 class="wp-block-heading">White House Dismisses Johnson's Order As &#8216;Publicity Stunt&#8216;</h2>



The mayor also demanded that federal officers operating in Chicago wear visible identification and body cameras. "This is clearly unconstitutional. It's illegal, and it's costly," Johnson later told CNN.



The White House dismissed Johnson's move as political theater. "If these Democrats focused on fixing crime in their own cities instead of doing publicity stunts to criticize the President, their communities would be much safer," spokeswoman Abigail Jackson said.



Illinois Gov. JB Pritzker (D-Ill) echoed Johnson's criticism, accusing Trump of seeking to "militarize our cities and end elections" without consulting state or local leaders.



Trump blasted Illinois Pritzker in a Truth Social post on Saturday, citing a violent weekend in Chicago where six people were killed and 24 others shot. 



He called Pritzker "weak and pathetic," accused him of refusing help to curb crime, and warned that if the situation isn't fixed quickly, "we're coming."



<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/30213119/Screenshot-2025-08-31-at-6.55.09%E2%80%AFAM-1024x556.png" alt="" class="wp-image-1050844" style="width:715px;height:auto"/></figure>



Vice President JD Vance defended Trump's stance, saying Chicago leaders are "angrier about Donald Trump offering to help them than they are about the fact that their own residents are being carjacked and murdered in the streets."



See Also:&nbsp;<a href="https://www.benzinga.com/news/politics/25/08/47298651/democrats-slam-trumps-doj-release-of-epstein-files-say-97-of-them-contain-no-new-information" target="_blank" rel="noreferrer noopener">Democrats Slam Trump's DOJ Release Of Epstein Files, Say 97% Of Them Contain No New Information</a>



<h2 class="wp-block-heading">Trump&#8217;s National Guard Deployment Sparks Clash</h2>



Last week, Trump indicated he may expand the <a href="https://www.benzinga.com/news/politics/25/08/47297992/chicagos-a-mess-trump-vows-national-guard-crackdown">deployment of military forces</a> to additional U.S. cities after sending roughly 2,000 National Guard troops to Washington, D.C., as part of his anti-crime push. 



He credited the move with restoring order in the capital, applauded cooperation with local law enforcement, and emphasized that active-duty military personnel had not yet been called in.



He singled out Chicago as a possible next target, blasting the city's leadership and pledging to "straighten out" its public safety challenges.



Shark Tank investor Kevin O'Leary voiced <a href="https://www.benzinga.com/news/politics/25/08/47408491/kevin-oleary-says-how-people-think-about-trump-abroad-has-shifted-for-this-reason">support for Trump's crime policy</a>, saying it was &#8220;gaining traction&#8221; at home and abroad as the president leaned on National Guard deployments to restore order in U.S. cities. 



In sharp contrast, former Secretary of State Hillary Clinton condemned the move, arguing it <a href="https://www.benzinga.com/news/politics/25/08/47325059/hillary-clinton-says-her-2024-warning-of-troops-patrolling-streets-has-come-true-in-trump-2-0-i-wish-id-been-wrong">validated her 2024 warning of a militarized America</a> under Trump's second term and calling his approach a "classic authoritarian playbook" that state and local governments must resist.



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Politics

Chicago Mayor Brandon Johnson Defies Trump's Immigration Crackdown, Vows Police Won't Aid Federal Raids Or Military Troops In Streets

Two firefighters responding to a Washington state wildfire remain detained at an Immigration and Customs Enforcement facility in Tacoma, according to U.S. Rep. Emily Randall (D-Wash.). The detention occurred during what officials described as routine identity verification at the Bear Gulch fire site.



The 9,000-acre wildfire in Olympic National Forest broke out on July 6 and was 13% contained as of Saturday, according to a Reuters report. Federal agencies coordinated the unprecedented action at an active emergency response location.



<h2 class="wp-block-heading">Criminal Investigation Prompts Contract Termination</h2>



U.S. Customs and Border Protection confirmed Thursday that the Bureau of Land Management (BLM) terminated contracts with firefighting companies following an unspecified criminal investigation. The BLM subsequently requested Border Patrol assistance to verify the identities of 44 crew members.



See Also: <a href="https://www.benzinga.com/news/politics/25/08/47431282/bernie-sanders-demands-health-secretary-rfk-jr-s-resignation-as-cdc-leadership-crisis-deepens">Bernie Sanders Demands Health Secretary RFK Jr.&#8217;s Resignation As CDC Leadership Crisis Deepens</a>



Border Patrol agents determined that two individuals were in the U.S. illegally and arrested them. The remaining 42 workers were escorted off federal land. A Department of Homeland Security spokesperson said the detained individuals provided support roles rather than active firefighting when arrests occurred.



<h2 class="wp-block-heading">Legal Representation Challenges Detention</h2>



Portland attorney Stephen Manning represents one detainee, describing his client as an Oregon resident &#8220;unlawfully detained.&#8221; Manning told Senator Ron Wyden (D-Ore.) that his client arrived in the U.S. as a four-year-old 19 years ago and was awaiting a visa application response after being a crime victim in Oregon.



Rep. Randall visited the ICE detention center on Saturday but was denied entry. Officials confirmed they were holding the two contracted firefighters.



<h2 class="wp-block-heading">Broader Enforcement Campaign Targets $6.1 Billion Collection</h2>



The firefighter detentions occur amid the Trump administration&#8217;s <a href="https://www.benzinga.com/news/politics/25/08/47351446/trump-administration-targets-6-1-billion-in-fines-from-immigrants-defying-deportation-orders-report">expanded immigration enforcement</a> targeting $6.1 billion in fines from immigrants defying deportation orders. The Department of Homeland Security&nbsp;has imposed 21,500 fines with penalties reaching $998 daily, retroactive for five years.



Washington State Department of Resources Commissioner Dave Upthegrove called the timing concerning, citing the &#8220;Trump administration&#8217;s crude and inhumane approach to immigration enforcement.&#8221; He noted the investigation details remain unclear.



ICE officials have previously criticized high daily arrest quotas, leading to detention of individuals without criminal records, green card holders, and visa holders, according to Reuters reporting.



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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: Shutterstock

News

General

Two Firefighters From Washington Wildfire Site Detained At ICE Facility: Report

Senator Bernie Sanders (I-VT) called for Health and Human Services Secretary Robert F. Kennedy Jr.&#8216;s resignation on Saturday, citing Kennedy&#8217;s &#8220;dangerous policies&#8221; that are &#8220;endangering the health of the American people.&#8221;



Sanders made the demand in a New York Times guest essay following this week&#8217;s controversial firing of CDC Director Susan Monarez, according to a Reuters report.



&#8220;Despite the overwhelming opposition of the medical community, Secretary Kennedy has continued his longstanding crusade against vaccines and his advocacy of conspiracy theories that have been rejected repeatedly by scientific experts,&#8221; Sanders wrote.



<h2 class="wp-block-heading">CDC Leadership Fallout</h2>



Kennedy ousted Monarez less than a month into her tenure after she refused to implement new vaccine limitations that Kennedy claimed lacked scientific evidence. Four senior CDC officials subsequently resigned in protest, while hundreds of colleagues walked out of CDC headquarters in Atlanta.



See Also: <a href="https://www.benzinga.com/personal-finance/management/25/08/47430963/dave-ramsey-says-if-you-plant-nothing-the-governments-not-going-to-come-along-and-plant-something">Dave Ramsey Says &#8216;If You Plant Nothing, The Government&#8217;s Not Going To Come Along And Plant Something&#8217;</a>



President Donald Trump nominated Kennedy for the Health Secretary position earlier this year.



<h2 class="wp-block-heading">Vaccine Policy Dispute Triggers Public Health Crisis</h2>



Susan Monarez, <a href="https://www.benzinga.com/news/health-care/25/08/47376111/cdc-director-susan-monarez-defies-ouster-vows-to-protect-science-amid-robert-kennedy-jr-vaccine-policy-clash">confirmed as CDC director</a> in July 2025, refused Kennedy&#8217;s directive to step down Monday amid tensions over vaccine policy. Her attorney, Mark Zaid, stated Monarez &#8220;chose protecting the public over serving a political agenda&#8221; and confirmed she will not resign voluntarily.



The dispute escalated when Monarez contacted Senate Health Committee Chair Bill Cassidy about Kennedy&#8217;s policies. CDC Chief Medical Officer Debra Houry resigned, writing that &#8220;science at CDC should never be censored or subject to political interpretations.&#8221;



<h2 class="wp-block-heading">Warren Warns Of Public Health Risks</h2>



Senator Elizabeth Warren (D-MA) also <a href="https://www.benzinga.com/news/health-care/25/08/47405086/elizabeth-warren-slams-trumps-cdc-purge-calls-out-rfk-jrs-statements-on-measles-vaccines-these-fools-cant-be-trusted-with-your-health">criticized the administration&#8217;s CDC overhaul</a>, stating Trump is &#8220;purging the CDC leadership&#8221; while measles cases hit record highs. Warren questioned Deputy HHS Secretary Jim O&#8217;Neill, now serving as acting CDC director, about Kennedy&#8217;s performance. O&#8217;Neill defended Kennedy as &#8220;doing a great job.&#8221;



<h2 class="wp-block-heading">Vaccine Stocks Under Sustained Pressure</h2>



Kennedy&#8217;s anti-vaccine policies have pressured pharmaceutical stocks since his February confirmation. Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), and Novavax Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) <a href="https://www.benzinga.com/news/fda/25/08/47368644/rfk-jr-rescinds-emergency-authorizations-for-covid-19-vaccines">face authorization challenges</a> after Kennedy rescinded COVID-19 vaccine emergency use authorizations on Wednesday.



Check out the current price of <a href="https://www.benzinga.com/quote/PFE">PFE stock here</a>.&nbsp;



Merck &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), the sole U.S. MMR vaccine supplier, and GSK PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) remain exposed to policy changes as Kennedy targets childhood vaccination programs.



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Health Care

MRNA

NVAX

Bernie Sanders Demands Health Secretary RFK Jr.'s Resignation As CDC Leadership Crisis Deepens

U.S. teens are thinking more about money than ever before, and billionaire Mark Cuban says it makes perfect sense.



According to long-running survey data by John Burns Research and Consulting shared by Blue Rose Research Head of Data Science David Shor <a href="https://bsky.app/profile/davidshor.bsky.social/post/3lgh4k4nv7s2j">on Bluesky</a>, 36% of 12th graders in 2022 said money is &#8220;extremely important&#8221; to them—the highest level in at least 50 years. That's a sharp increase from 26% in the early 2010s, when the number hovered steadily for two decades.



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<h2 class="wp-block-heading">Gen Z Wants To Earn, Not Just Learn</h2>



So why are teens suddenly more money-focused? <a href="https://www.benzinga.com/money/college-costs-are-soaring-heres-your-plan-to-conquer-them">Rising costs of college</a>, <a href="https://www.benzinga.com/25/04/44756318/shaken-not-settled-gen-z-workers-lose-confidence-as-economic-clouds-gather">stagnant wages</a>, and social media exposure to wealth all play a role. Many Gen Z kids have grown up watching their parents struggle through the Great Recession and now face inflation, student loan concerns, and <a href="https://www.benzinga.com/real-estate/25/08/47087056/gen-z-thinks-wwiii-is-more-likely-than-being-able-to-afford-a-home-in-the-next-5-years">housing unaffordability</a> themselves. At the same time, apps like TikTok and YouTube constantly show examples of young people making money fast. For many teens, making money no longer feels optional, but urgent.



"Zoomers care more about making money than any generation in at least 50 years," Shor posted on Bluesky in January. Cuban quickly <a href="https://bsky.app/profile/mcuban.bsky.social/post/3lghmmai2e22c">responded</a>: "Doesn't surprise me. Every kid has people around them making money posting videos. Beats a newspaper route!"



Trending: 7 Million Gamers Already Trust Gameflip With Their Digital Assets — <a href="https://www.benzinga.com/money/gameflip-v2">Now You Can Own a Stake in the Platform</a>



Cuban has been vocal about how teens today should take advantage of new opportunities the internet and AI make possible. In a CNBC <a href="https://www.cnbc.com/2024/10/22/mark-cuban-if-i-was-a-teenager-again-id-start-this-ai-side-hustle.html">interview</a>, he said if he were 16 again and needed extra money, he would <a href="https://www.benzinga.com/personal-finance/management/25/05/45710780/mark-cuban-reveals-the-side-hustle-hed-start-at-16-and-it-doesnt-require-a-degree">learn how to write prompts</a> for AI tools like ChatGPT, teach his friends how to use them, and then offer those skills to local businesses.



"Doesn't matter if I'm 16," Cuban said. "I'd be teaching them as well."



He believes AI prompt engineering is a skill that can result in serious income—sometimes six figures—without requiring a college degree.&nbsp;



See Also: Kevin O'Leary Says Real Estate's Been a Smart Bet for 200 Years — <a href="https://www.benzinga.com/money/mogul">This Platform Lets Anyone Tap Into It</a>



<h2 class="wp-block-heading">Books And Bots</h2>



In another Bluesky <a href="https://bsky.app/profile/mcuban.bsky.social/post/3lifwvzq6r22d">post</a> from February, Cuban shared what he tells kids who ask him what to focus on today: "<a href="https://www.benzinga.com/tech/25/03/44067809/mark-cuban-shares-two-things-hed-do-at-12-to-succeed-and-they-work-for-everyone">Read books and learn</a> how to use AI in every way, shape and form you can. It is a living library that gives you responses and can help no matter who you are or where you live."



His advice contrasts with his own early hustle, which started with selling garbage bags door-to-door at age 12. Today's teens, he says, have better tools. Instead of physical products, they can sell knowledge, skills and content, often to a much bigger audience.



As more teens see influencers, content creators, and tech-savvy peers earning real money, Cuban thinks it's only natural they're placing more value on wealth early in life.



Read Next: From Chipotle to Red Bull, Top Brands Are Already Building With Modern Mill's Tree-Free Wood Alternative — <a href="https://www.benzinga.com/money/modern-mill">Here's How You Can Invest Too</a>



Image: Imagn Images

'Doesn't Surprise Me'—Mark Cuban Explains Why High School Seniors Care More About Making Money Than Any Generation In 50 Years

Scientists are fleeing Elon Musk&#8216;s X platform in unprecedented numbers, with alternative social media site Bluesky emerging as the new hub for scholarly communication. 



<h2 class="wp-block-heading">Mass Migration Accelerates After Musk Changes</h2>



A January poll by Nature revealed that over half of 5,300 respondents, primarily scientists, have abandoned X amid dissatisfaction with Musk&#8217;s leadership and policy changes.



The exodus accelerated following loosened content moderation policies under Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Musk&#8217;s ownership.



Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/tsla" target="_blank" rel="noreferrer noopener">TSLA stock here</a>.&nbsp;



<h2 class="wp-block-heading">Research Shows 10x Higher Engagement Rates</h2>



According to a <a href="https://observer.com/2025/08/bluesky-x-science-engagement/">report </a>by the Observer, a University of Sheffield and Renmin University study found Bluesky delivers dramatically superior engagement for scientific content. Over 48% of scholarly posts received at least 10 likes, while 34% achieved 10+ reposts.



See Also: <a href="https://www.benzinga.com/markets/equities/25/08/47429591/kevin-oleary-says-cracker-barrels-viral-rebrand-proves-bad-news-can-create-more-buzz-than-a-billion-dollar-ad-spend">Kevin O&#8217;Leary Says Cracker Barrel&#8217;s Viral Rebrand Proves &#8216;Bad News&#8217; Can Create &#8216;More Buzz&#8217; Than A Billion-Dollar Ad Spend</a>



Bluesky&#8217;s scientific community surged from 10,000 posts in October 2024 to 324,000 posts by January. User participation jumped from 3,200 to 45,000 researchers during the same period.



<h2 class="wp-block-heading">Original Content Dominates Over X&#8217;s Replication Model</h2>



&#8220;Bluesky users participate more actively and with greater originality in interactions around scholarly articles,&#8221; said one of the study's authors, Er-Te Zheng. The research analyzed 2.6 million posts referencing scholarly content through July 2025, establishing Bluesky as &#8220;a credible and lasting platform for science communication.&#8221;



High-profile <a href="https://www.benzinga.com/general/social-media/25/04/44598279/hillary-clinton-barack-obama-join-bluesky-posts-take-aim-at-elon-musks-efforts-in-wisconsin-here-are-the-top-10-most-followed-accounts">departures from X</a> include former President Barack Obama and Hillary Clinton, who joined Bluesky in April.



Billionaire Mark Cuban recently criticized Bluesky&#8217;s &#8220;lack of diversity of thought,&#8221; suggesting potential user retention challenges as the platform matures <a href="https://www.benzinga.com/25/03/44268284/did-bluesky-ceo-jay-graber-subtly-troll-metas-zuckerberg-with-her-a-world-without-caesars-shirt-sxsw-appearance-sparks-speculation">beyond its initial migration surge</a>.



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Social Media

Events

Tech

TSLA

Elon Musk Sees Scientists Flee X As Bluesky Becomes Hotbed For Original Research And Higher Engagement

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener">many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.



Markets concluded August on a mixed note. The S&amp;P 500 dipped 0.6% on Friday but still delivered a 1.9% gain for the month — its fourth straight monthly advance. The Dow and Nasdaq also retreated slightly, while year-to-date gains remain strong.



Elevated inflation readings, particularly the 2.9% core PCE, added uncertainty to the Fed's rate-cut timeline despite hawkish optimism from Federal Reserve Chair Jerome Powell. Tech stocks led the decline, with Dell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Marvell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) notably weakening, even as MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) and Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) surged on exceptional AI-driven earnings.



Looking ahead, investors will closely monitor the upcoming PCE inflation report, which may reinforce a September rate cut, while managing elevated inflation and policy uncertainty drag on sentiment.



Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.







The Bulls



<a href="https://www.benzinga.com/news/politics/25/08/47343271/trump-administration-weighs-buying-stakes-in-defense-contractors-like-lockheed-martin-palantir?utm_source=chatgpt.com">"Defense stocks rise as Trump team considers buying into major contractors"</a>, by Erica Kollmann, reports that the Trump administration is considering acquiring ownership stakes in prominent defense contractors — including Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) — with Commerce Secretary Howard Lutnick stating that Lockheed is "basically an arm of the U.S. government" given it earns 97% of its revenue from federal contracts.



<a href="https://www.benzinga.com/markets/biotech/25/08/47340438/eli-lilly-stock-jumps-on-weight-loss-pill-trial?utm_source=chatgpt.com">"Eli Lilly stock jumps on weight-loss pill trial"</a>, by Erica Kollmann, reports that Eli Lilly &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) shares popped after the company unveiled Phase 3 results for its oral GLP-1 pill orforglipron showing patients lost an average of 10.5% of body weight along with meaningful blood sugar reductions, igniting fresh investor confidence.



<a href="https://www.benzinga.com/markets/tech/25/08/47330918/firefly-stock-jumps-as-nvidia-partnership-boosts-ai-driven-eeg-technology-for-neurological-care?utm_source=chatgpt.com">"Firefly stock jumps as Nvidia partnership boosts AI-driven EEG technology for neurological care"</a>, by Anusuya Lahiri, reports that Firefly Neuroscience Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIFF#NASDAQ">AIFF</a>) stock surged 31% after launching its CLEAR AI-powered EEG platform — built on Nvidia's L40S GPU — designed to deliver faster, cleaner brain signal data by reducing interference from muscle and environmental noise, potentially accelerating neuroclinical innovation.



For additional bullish calls of the past week, check out the following:



<a href="https://www.benzinga.com/markets/tech/25/08/47390011/china-nvidia-h20-chips-cambricon-technologies-stock-price-export-ban">China Just Found Its Nvidia Replacement — And This Stock Has Exploded 125%</a>



<a href="https://www.benzinga.com/markets/earnings/25/08/47345717/mongodb-stock-soars-on-strong-q2-earnings-beat-raised-guidance">MongoDB Stock Soars On Strong Q2 Earnings Beat, Raised Guidance</a>



<a href="https://www.benzinga.com/markets/earnings/25/08/47423736/webull-charges-ahead-q2-revenue-up-46-crypto-trading-relaunched">Webull Charges Ahead: Q2 Revenue Up 46%, Crypto Trading Relaunched</a>







The Bears



<a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/08/47419007/marvell-stock-plunges-as-wall-street-warns-of-limited-near-term-growth-prospects?utm_source=chatgpt.com">"Marvell stock plunges as Wall Street warns of limited near-term growth prospects"</a>, by Anusuya Lahiri, reports that Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) tumbled 16% after upbeat Q2 results were overshadowed by Q3 sales guidance that missed expectations; while analysts trimmed price targets citing near-term ASIC headwinds, they still see long-term potential from AI, optical growth, and emerging design wins.



<a href="https://www.benzinga.com/markets/tech/25/08/47395069/teslas-robotaxi-dream-hits-wall-of-distrust-waymo-cruises-ahead?utm_source=chatgpt.com">"Tesla's robotaxi dream hits wall of distrust — Waymo cruises ahead"</a>, by Surbhi Jain, reports that nearly half of Americans surveyed say Tesla's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Full Self-Driving (FSD) should be illegal, and 70% prefer autonomous vehicles with both LiDAR and cameras — leaving Tesla's camera-only robotaxi model and reputation significantly less trusted, while Waymo's LiDAR-plus-camera approach continues winning public confidence.



<a href="https://www.benzinga.com/markets/earnings/25/08/47373081/nutanix-stock-slides-after-q4-earnings-report?utm_source=chatgpt.com">"Nutanix stock slides after Q4 earnings report"</a>, by Erica Kollmann, reports that Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) shares slipped in after-hours trading despite posting strong Q4 results — revenue of $653.26 million beat estimates and the company announced a strategic collaboration with Finanz Informatik — but investor enthusiasm cooled amid concerns over softer subscription sales metrics and cautious forward guidance.







For more bearish takes, be sure to see these posts:



<a href="https://www.benzinga.com/markets/tech/25/08/47388692/nvidias-ai-fortress-shows-first-crack-the-china-risk-just-got-real">Nvidia's AI Fortress Shows ‘First Crack' — The China Risk Just Got Real</a>



<a href="https://www.benzinga.com/markets/tech/25/08/47388692/nvidias-ai-fortress-shows-first-crack-the-china-risk-just-got-real">Super Micro Flags Risks That Could Disrupt Results, Stock Falls</a>



<a href="https://www.benzinga.com/markets/economic-data/25/08/47369422/wall-street-market-outlook-stocks-vix-september-seasonality-nvidia-earnings">Wall Street Has No Fear — But A Shocking Selloff Could Be Lurking</a>







Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.



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Benzinga Bulls And Bears: Eli Lilly, Firefly, Marvell — And Trump Investment Hints Boost Defense Stocks

Despite hitting fresh record highs midweek, U.S. equities lost steam by Friday as inflation indicators complicated the Federal Reserve's path <a href="https://www.benzinga.com/topic/federal-reserve">forward on interest rates.</a>



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<li>GLD ETF is trading near record highs. <a href="https://www.benzinga.com/quote/GLD">Check live prices here. </a></li>
</ul>



The Core Personal Consumption Expenditures price index — the Federal Reserve's preferred measure of underlying inflation — rose 2.9% year-over-year in July, the highest <a href="https://www.benzinga.com/markets/economic-data/25/08/47411230/pce-inflation-report-fed-favorite-gauge-july-2025-personal-income-spending">reading in five months.</a>



Just a week earlier, Fed Chair Jerome Powell hinted that easing rates might soon be appropriate. But the new data reintroduces a layer of uncertainty on that timeline, especially as inflation remains above the Fed's 2% target.



Adding to economic headwinds, the U.S. goods trade deficit surged to $103.6 billion in July, up $18.7 billion from June and well above Wall Street forecasts of $89.5 billion. This marks the largest gap since March, when the deficit hit a record $162 billion.



The worsening balance underscores concerns that President Donald Trump's tariff policies may not be delivering the intended improvements to the trade balance.



Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) — the world's largest publicly traded company — struggled to lift markets despite posting strong quarterly results.



The chipmaker topped Wall Street estimates on both revenue and earnings per share, but its forward guidance came in only modestly above expectations.



For investors used to blockbuster beats and aggressive outlooks from the AI bellwether, which helped drive this year's rally, the update fell short. Shares declined for a third straight week, extending the stock's recent losing streak.



MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) and Snowflake Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NASDAQ">SNOW</a>) were standout performers, rallying 40% and 20% respectively on the back of strong quarterly results and their growing relevance in the artificial intelligence landscape.



Cyclical sectors also extended gains, with Michigan-based automakers notching a positive August.



General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has climbed nearly 40% from its April lows, marking its second consecutive positive month. Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) booked a fourth straight monthly gain, while Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) rebounded after sinking to five-year lows in July.



Looking ahead, investors brace for September — historically the worst-performing month for markets. On Friday, Sept. 5, the key macroeconomic event will be the July jobs report, which could prove pivotal for interest rate expectations heading into the Fed's next meeting.



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</ul>



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Wall Street Is At All-Time Highs, But Inflation Sends Warnings: This Week In Markets

The U.S. Bureau of Reclamation projects the water level at Nevada's Lake Mead will hit a record low of 1,041.05 feet within two years, <a href="https://www.newsweek.com/lake-mead-water-projected-hit-lowest-point-record-2087164">reports</a> Newsweek. Activists warn that steps must be taken now to avert a catastrophe.&nbsp;



The largest U.S. reservoir and biggest human-made lake in the world sits at the junction between Nevada, Utah and Arizona. It is now on course to fall to a record low by May 2027, bringing the water level within 150 feet of the dreaded <a href="https://earth.org/lake-mead-reservoir-water/">dead pool scenario</a>. The 895-foot point-of-no-return would stop the flow of water through the dam entirely, shutting off a major source of Western survival.&nbsp;



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The Rocky Mountain <a href="https://idahocapitalsun.com/2025/05/20/lake-mead-in-for-a-painful-summer-after-dry-winter/">snowpack</a> stood at just 63% of average in April, according to the Colorado Basin River Forecast Center, continuing a decades-long Western drought. The mid-continent range supplies about 85% of total water flow in the Colorado River. The meager trickle into the summer months has <a href="https://www.usbr.gov/lc/region/g4000/weekly.pdf">dropped</a> Lake Mead to just 1,054.33 feet, or 31% of capacity, according to the U.S. Department of the Interior.



The 1,450-mile Colorado River Basin supplies water to more than 40 million people in the West, while meeting almost all of Las Vegas's needs. It also irrigates more than 4 million acres of farmland in neighboring states, as well as New Mexico, Wyoming and 39 tribal nations. These are collectively known as the Basin States and, without a continuous supply of water and electricity, this part of the country could turn into a depopulated wasteland.



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Newsweek says the Lower Basin already faces numerous municipal and <a href="https://www.azwater.gov/conservation/landscaping">state regulations</a>. Agriculture accounts for about 80% of Lake Mead demand and is under the constant threat of serious cutbacks. This might be surprising to outsiders, given explosive population growth in the Las Vegas metro since the 1990s.



"Agriculture is the reliable water bank,&#8221; Great Basin Water Network Executive Director Kyle Roerink told Newsweek. &#8220;So farmers should begin planning accordingly.&#8221;



<a href="https://crwua.org/river-stakeholders/bor/#:~:text=The%20three%20Reclamation%20hydroelectric%20power,more%20than%202.5%20million%20people.https://crwua.org/river-stakeholders/bor/%23:~:text=The%20three%20Reclamation%20hydroelectric%20power,more%20than%202.5%20million%20people.">According</a> to the Colorado River Water Users Association, Lake Mead's Hoover Dam and Lake Powell's Glen Canyon Dam, along with small dams along the river, generate more than 6 billion kilowatt-hours of electricity, meeting the needs of more than 2.5 million people. But Lake Mead now produces just <a href="https://www.circleofblue.org/2025/water-energy/once-a-showcase-of-american-optimism-and-engineering-hoover-dam-faces-new-power-generation-declines/">half the power</a> it did in 2000. The 950-foot breaking point for power generation is higher than downstream water flow but a drop to 1,035 feet will force older turbines to shut down, cutting electric output by another 70%.



See Also: Kevin O'Leary Says Real Estate's Been a Smart Bet for 200 Years — <a href="https://www.benzinga.com/money/mogul">This Platform Lets Anyone Tap Into It</a>



Roerink warns a razor-sharp focus on water use containment is needed to avoid the unthinkable. Declining downstream use needs to be curtailed even further in his view, he told Newsweek, while less-regulated upstream use should be reduced in a "predictable way, which is currently not the case and a point of contention.&#8221;



Talks are underway to replace Lake Mead's 12 older hydroelectric turbines, according to <a href="https://www.circleofblue.org/2025/water-energy/once-a-showcase-of-american-optimism-and-engineering-hoover-dam-faces-new-power-generation-declines/https://www.circleofblue.org/2025/water-energy/once-a-showcase-of-american-optimism-and-engineering-hoover-dam-faces-new-power-generation-declines/">Circle of Blue</a>, allowing the Bureau of Reclamation to buy time before newer ones at lower levels stop working as well. The estimated $156 million price tag seems like a drop in the bucket compared to the alternative but time is critical.&nbsp;



The agency is performing a cost-benefit analysis and timeline for installation. However, it warned that ordering new turbines is "a lengthy process as they have to be designed, model tested, built and ultimately installed."



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Image: Shutterstock

Experts Warn Lake Mead's Record-Low Path Threatens Water For Millions 'So Farmers Should Begin Planning Accordingly'

Making money is easy once you hit a breakthrough, Barstool Sports founder Dave Portnoy says. In a May <a href="https://www.youtube.com/watch?v=r67t8z6sNOo">episode</a> of the "Club Shay Shay" podcast, hosted by NFL Hall of Fame tight end Shannon Sharpe, that it took him 10 years to earn his first $1 million. Portnoy now claims he can pull in $5 million in a week.



"Once you get over the hump, it just comes to you," Portnoy said. He added, "I couldn't believe it, I was making money not doing anything." After reaching his first million, he explained that money started coming in faster.



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<h2 class="wp-block-heading">Barstool's Comeback Under Portnoy</h2>



Portnoy sold Barstool Sports to Penn Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), which first <a href="https://investors.pennentertainment.com/news-releases/news-release-details/penn-national-gaming-completes-acquisition-36-interest-barstool">bought </a>a 36% stake in 2020 and then <a href="https://investors.pennentertainment.com/news-releases/news-release-details/penn-entertainment-completes-acquisition-barstool-sports">completed</a> the acquisition in 2023 in a deal valued at about $500 million. The company <a href="https://www.cbsnews.com/boston/news/barstool-sports-dave-portnoy-sale-espn-penn-entertainment/">entered</a> a deal with ESPN to launch ESPN Bet, and as part of that move, it <a href="https://www.legalsportsreport.com/128886/espn-bet-deal-leads-to-portnoy-paying-1-to-buy-barstool-from-penn/">sold</a> Barstool back to Portnoy for $1.&nbsp;



Since the buyback, Portnoy has pushed Barstool into fresh visibility. The company reported a content deal with Fox Sports, placing its contributors on "Big Noon Kickoff" and co-producing new digital programming. <a href="https://www.foxsports.com/presspass/blog/2025/07/17/sports-media-powerhouses-fox-sports-and-barstool-sports-team-up-in-comprehensive-content-deal">According </a>to Fox Sports, the partnership brings Barstool into national college football coverage and expands its reach through television and streaming platforms.



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<h2 class="wp-block-heading">From Momentum To Multiplying Returns</h2>



Portnoy's remarks align with the principle of compound growth, where returns build on themselves. Similarly, Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>, BRK.B)), compared it to a snowball rolling downhill: "Life is like a snowball. The important thing is finding wet snow and a really long hill," he <a href="https://books.google.co.ke/books/about/The_Snowball.html?id=sfWWqwtzK3gC&amp;redir_esc=y">said</a> in his 2008 biography "The Snowball: Warren Buffett and the Business of Life." As balances grow, even modest returns can create significant sums.&nbsp;



<h2 class="wp-block-heading">Portnoy's Moves Beyond Barstool</h2>



Portnoy has kept a busy public profile alongside his media ventures. His "One Bite Pizza Reviews," <a href="https://onebite.app/reviews/dave">posted </a>on his app and social channels, feature him sampling a slice of pizza and then giving it a score on a scale from one to 10.



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According to Portnoy's "One Bite" app, he stopped by Hook &amp; Ladder Pizza in Hollister and Mr. G's Chicago Pizza in Branson, both in Missouri, as well as Stone L'Oven Pizza in Brewster, Massachusetts.



The review series, which began in 2017, later expanded into the One Bite Pizza Festival, an annual event celebrating pizza culture that <a href="https://www.youtube.com/watch?v=IV8sdCv21Ds&amp;utm">debuted </a>in 2023 at Maimonides Park in Coney Island in New York City.



Portnoy is also moving into live sports visibility. On Aug. 31, he will take part in the "Fastest Seat in Sports," an <a href="https://www.indycar.com/news/2025/08/08-18-portnoy-fsis-nashville?">INDYCAR</a> event in which celebrities and special guests ride in a custom-built, two-seat car to lead the field to the green flag at the finale in Nashville.



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Personal Finance

PENN

'I Was Making Money Not Doing Anything,' Says Barstool Founder Dave Portnoy, Claiming He Can Now Pull In $5 Million A Week

Everyone likes to guess where they stand on the wealth ladder. Maybe you feel middle class because you're juggling a mortgage, daycare, and grocery bills. Or maybe you feel upper class because you've got that country club membership and don't think twice about ordering the surf-and-turf.&nbsp;



But feelings don't always match reality. The <a href="https://www.federalreserve.gov/econres/scfindex.htm">Federal Reserve's Survey of Consumer Finances</a> tracks the hard numbers, and it shows exactly how household net worth breaks down across lower, middle, and upper tiers.



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One quick note: the figures here are from the most recent SCF conducted in 2022, and the next update won't arrive until 2026. For now, this is the freshest official look at where Americans stand financially.



<h2 class="wp-block-heading">How Net Worth Is Calculated</h2>



Net worth isn't about how much you earn in a year — it's the sum of what you own minus what you owe. Assets include homes, cars, savings, retirement accounts, stocks, and businesses. Liabilities include mortgages, student loans, credit cards, and any other debt. Income is the fuel that can build net worth, <a href="https://www.benzinga.com/25/05/45271981/are-you-richer-than-your-peers-heres-the-net-worth-it-takes-at-every-age-to-be-in-the-top-10">but it's only part of the story</a>. What matters most is how much sticks around and grows over time.



<h2 class="wp-block-heading">The Lower Tier: Bottom 25%</h2>



According to the <a href="https://www.richmondfed.org/publications/research/economic_brief/2023/eb_23-39">Federal Reserve Bank of Richmond's analysis of SCF data</a>, one-quarter of households have a net worth below $20,856. The median inside this group is only about $3,500. For many, debts outstrip assets, leaving them financially vulnerable. A medical bill or job loss can tip the scale quickly.



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<h2 class="wp-block-heading">The Broad Middle: 25th–90th Percentiles</h2>



The middle class is where most people land, but it's a massive category: from $20,856 to $1,559,240. That means a family with $40,000 in net worth and one with $1.2 million technically share the same "middle class" label. The median across all households is around $162,350, and for many families, that wealth is tied up in home equity. The Congressional Budget Office has long noted this reliance: when housing prices rise, the middle feels more secure; when they fall, that wealth evaporates on paper.



This wide range also explains why people in the middle experience such different realities. Someone just above the lower cutoff may still be scraping by, while someone near the 90th percentile might already be building serious investment portfolios.



<h2 class="wp-block-heading">The Upper Tier: Top 10%</h2>



To <a href="https://www.benzinga.com/personal-finance/25/05/45483330/are-you-rich-or-just-upper-middle-class-heres-the-net-worth-and-income-it-takes-to-be-considered-wealthy">break into the upper tier</a>, you need to cross the 90th percentile mark: $1,559,240. But inside this rarefied group, the median net worth is closer to $3.8 million. Unlike the middle, whose wealth is anchored in homes, the upper class leans into stocks, private equity, and business ownership. In other words, their money makes more money.



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<h2 class="wp-block-heading">Why It Matters</h2>



People commonly refer to these cutoffs as "lower," "middle," and "upper" class, even though the Fed itself sticks to percentile math. It's a simple translation, but a useful one. These <a href="https://www.benzinga.com/personal-finance/24/10/41204085/what-screams-im-upper-class-these-are-the-not-so-subtle-signs-of-wealth-according-to-people-on-s">benchmarks reveal that being "rich"</a> is less about whether you splurge on dinner or vacations and more about whether your assets outweigh your debts and keep growing year after year.



And while the SCF offers a snapshot, the path between tiers is built slowly: saving consistently, investing in long-term assets, and making decisions that grow wealth rather than drain it. <a href="https://www.benzinga.com/money/are-you-rich">Talking with a financial advisor</a> can help tailor that path, but the principle is simple — the higher the share of your money working for you, the closer you get to the upper tier.



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Image: Shutterstock

Think You're Rich? Here's The Net Worth You Need To Rank Among The Top 10% — And Divides Upper, Middle, and Lower Class

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang believes artificial intelligence could trigger a shift to four-day work weeks, but cautioned that workers will paradoxically become busier than ever as artificial intelligence accelerates business execution and idea generation.



Check out the current price of <a href="https://www.benzinga.com/quote/nvda">NVDA stock here</a>.



<h2 class="wp-block-heading">AI Revolution Promises Shorter Weeks, Intensified Pace</h2>



Speaking <a href="https://www.foxbusiness.com/video/6377597758112">on</a> Fox Business following Nvidia&#8217;s record <a href="https://www.benzinga.com/markets/earnings/25/08/47371649/nvidia-q2-earnings-highlights-double-beat-60b-share-buyback-huang-says-ai-race-is-on">$46.74 billion quarterly earnings</a>, Huang positioned the world &#8220;at the beginning of the AI revolution&#8221; that could fundamentally reshape work patterns.



&#8220;I have to admit that I&#8217;m afraid to say that we are going to be busier in the future than now,&#8221; Huang told host Liz Claman, highlighting AI&#8217;s ability to complete time-consuming tasks rapidly.



<h2 class="wp-block-heading">More Ideas, Less Time: The Productivity Paradox</h2>



The efficiency gains won&#8217;t reduce workloads but will enable leaders to pursue more ambitious projects. &#8220;I&#8217;m always waiting for work to get done because I&#8217;ve got more ideas,&#8221; Huang explained. &#8220;Most companies have more ideas than we know what to pursue.&#8221;



See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/08/47423837/whats-going-on-with-nvidia-stock-6">What&#8217;s Going On With Nvidia Stock?</a>



A Fortune <a href="https://fortune.com/2025/08/29/nvidia-ceo-jensen-huang-4-day-work-week-productivity/">report </a>notes this trend aligns with Bank of America Research&#8217;s predictions of an S&amp;P 500 productivity boom as companies leverage AI to solve the longstanding &#8220;productivity paradox&#8221; where technological advances failed to boost measurable output gains.



<h2 class="wp-block-heading">Industrial Revolution Precedent Supports Shorter Weeks</h2>



Huang drew parallels to previous industrial revolutions that transformed social behaviors, noting the historical shift from seven-day to five-day work weeks under modern capitalism. &#8220;Every industrial revolution leads to some change in social behavior,&#8221; he said.



Real-world pilots support this prediction. Studies in Britain and North America show workers accomplish equivalent results in 33-34 hours weekly, with four-day schedules boosting productivity up to 24% while halving burnout rates.



<h2 class="wp-block-heading">Market Impact: $4 Trillion Infrastructure Build-Out Expected</h2>



Nvidia's $4.28 trillion market cap, now the world's largest, highlights soaring AI chip demand; CEO Jensen Huang forecasts $3–4 trillion in AI infrastructure investment by 2030, fueled by the company's Blackwell Ultra architecture.



With a strong Momentum in the 86th percentile, Benzinga&#8217;s Edge Stock Rankings indicate that Californian AI powerhouse has a positive price trend across all time frames. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Track the performance of other players</a> in this segment.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="485" height="289" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/30042656/image-576.png" alt="" class="wp-image-1050560" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/30042656/image-576.png 485w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/30042656/image-576-300x179.png 300w" sizes="(max-width: 485px) 100vw, 485px" /></figure>



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Photo Courtesy: glen photo on Shutterstock.com



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Earnings

Futures

Nvidia's Jensen Huang Says AI Could Spark 4 Day Work Weeks—But Warns We'll Be 'Busier' Than Ever

Elon Musk's longtime lawyer Alex Spiro is reportedly set to chair a $200 million Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) treasury company backed by the House of Doge, marking a major step in bringing the meme-inspired cryptocurrency further into mainstream finance.



<h2 class="wp-block-heading">Dogecoin Treasury Company In The Works</h2>



A pitch circulating among investors details plans for a publicly traded company dedicated to holding and investing in Dogecoin, <a href="https://fortune.com/crypto/2025/08/29/elon-musk-alex-spiro-dogecoin-house-of-doge-crypto-treasury-company/">reported</a> Fortune, citing six sources.



Three sources confirmed they were approached directly, while three others said they were briefed by parties involved.



The House of Doge — the official corporate entity tasked with Dogecoin's development — is said to have approved the initiative, branding it the "official" Dogecoin vehicle, the report said.



The Miami-based group was launched in early 2025 by the Dogecoin Foundation to help formalize the popular cryptocurrency's growth.



While exact details on the public offering's structure and launch timeline remain undisclosed, two sources, according to the report, confirmed the goal is to raise at least $200 million.



See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/08/47225538/china-doesnt-need-nvidia-futurum-ceo-calls-that-next-level-nonsense-dan-ives-reacts-with-a-fiery-response" target="_blank" rel="noreferrer noopener">China Doesn't Need Nvidia? Futurum CEO Calls That ‘Next-Level Nonsense' — Dan Ives Reacts With A Fiery Response</a>



<h2 class="wp-block-heading">Spiro's Role And Musk's Ties</h2>



Spiro, Musk's high-profile attorney known for representing celebrities including Jay-Z and Alec Baldwin, is slated to serve as chairman of the new company.



Spiro successfully defended Musk in 2024, winning dismissal of a lawsuit that <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33239355/elon-musk-accused-of-financing-unlawful-harassment-campaign-against-dogecoin-investors">accused the billionaire of manipulating</a> Dogecoin prices.



Musk's direct involvement in the new treasury entity remains unclear.



<h2 class="wp-block-heading">Dogecoin's Market Influence And Corporate Strategy</h2>



Dogecoin, originally launched in 2013 by software engineers Jackson Palmer and Billy Markus as a joke cryptocurrency based on a Shiba Inu meme, has evolved into one of the most widely recognized tokens, boasting a market cap of more than $32 billion.



Previously, its value often surged following Musk's public endorsements, fueling both investor enthusiasm and <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32904982/elon-musk-denies-owning-dogecoin-in-response-to-insider-trading-lawsuit">regulatory scrutiny</a>.



The planned treasury company mirrors moves by firms like Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), previously known as MicroStrategy, which turned its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings into a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46053180/sequans-takes-a-page-from-microstrategy-is-bitcoin-the-new-corporate-treasury-play">stock-market proxy for the cryptocurrency</a>, helping drive its valuation to nearly $96 billion.



Since January, 184 public companies have announced crypto purchases worth a collective $132 billion, according to Architect Partners, the report noted.



Analysts say a publicly traded Dogecoin treasury could provide traditional investors with exposure to the memecoin while cementing its legitimacy as an asset class.



At the time of writing, Dogecoin was valued at $0.2168, marking a 1.37% increase over the past 24 hours.



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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.



Photo Courtesy: Stanslavs on Shutterstock.com

Cryptocurrency

$BTC

$DOGE

MSTR

DOGE Jumps As Elon Musk's Star Lawyer Alex Spiro Set To Chair $200 Million Dogecoin Treasury Firm: Report

On Friday, Charles Borges, the Social Security Administration's chief data officer, resigned after filing a whistleblower <a href="https://www.benzinga.com/news/health-care/25/08/47351587/doge-put-social-security-data-of-300-million-americans-at-risk-alleges-whistleblower-says-trump-admin-agency-had-excessive-access">complaint alleging security risks</a> tied to the President Donald Trump administration-backed efforts to modernize the agency's data systems.



<h2 class="wp-block-heading">Borges Cites Retaliation, Culture Of Fear</h2>



In his resignation letter to SSA Commissioner Frank Bisignano, Borges said he felt forced to step down because of "SSA&#8217;s actions against me, which make my duties impossible to perform legally and ethically," <a href="https://www.cbsnews.com/news/social-security-admin-chief-data-officer-resigns-after-filing-whistleblower-complaint/">reported</a> CBS News.



He described a "hostile work environment," citing isolation, retaliation and a "culture of panic and dread" under new leadership.



Borges had alleged that employees with the Department of Government Efficiency uploaded a copy of the nation's Social Security data to a "vulnerable cloud environment." He said repeated requests for clarity on data practices were "rebuffed or ignored."



Andrea Meza, an attorney with the Government Accountability Project representing Borges, said he could no longer, in good conscience, work for SSA, given what he had witnessed, adding he will continue cooperating with oversight bodies.



See Also:&nbsp;<a href="https://www.benzinga.com/markets/macro-economic-events/25/08/47350975/us-india-resume-trade-defense-talks-as-50-trump-tariffs-take-effect-threatening-billions-in-indias-gdp" target="_blank" rel="noreferrer noopener">US-India Resume Trade, Defense Talks As 50% Trump Tariffs Take Effect, Threatening Billions In India's GDP</a>



<h2 class="wp-block-heading">SSA Denies Breach, Stresses Data Protections</h2>



SSA spokesperson Nick Perrine said earlier that the data in question is stored in a long-standing environment used by SSA and walled off from the internet, adding that the agency is "not aware of any compromise."



SSA also said whistleblower complaints are taken seriously and that career officials oversee the environment referenced in Borges' filing.



There is currently no evidence of a breach.



<h2 class="wp-block-heading">Whistleblower Gets Backing From ex-SSA Chief Martin O&#8217;Malley</h2>



On LinkedIn, Borges said, "It is never wrong to be morally and ethically right with yourself."



<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/30040453/Screenshot-2025-08-30-at-1.34.49%E2%80%AFPM-1024x413.png" alt="" class="wp-image-1050543" style="width:585px;height:auto"/><figcaption class="wp-element-caption">Source: LinkedIn</figcaption></figure>



Former SSA Commissioner Martin O'Malley praised Borges as a "patriot" for exposing "the biggest theft of personal data in U.S. history by Trump's DOGE team."



<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">Chief Data Officer, Charles Borges, now formerly of the Social Security Administration, is a patriot for blowing the whistle on the biggest theft of personal data in U.S. history by Trump's DOGE team. <a href="https://t.co/hMXCOjoJnL">https://t.co/hMXCOjoJnL</a>&mdash; Martin O&#39;Malley (@MartinOMalley) <a href="https://twitter.com/MartinOMalley/status/1961559078360027493?ref_src=twsrc%5Etfw">August 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Trump's DOGE Program Faces Scrutiny</h2>



The dispute comes months after the <a href="https://www.benzinga.com/news/politics/25/06/45826597/trumps-doge-gains-access-to-social-security-records-after-supreme-court-ruling-raising-privacy-concerns-for-millions-of-americans">Supreme Court allowed</a> DOGE, which was previously overseen by tech mogul Elon Musk, to access SSA data in June, lifting a lower court injunction.



The agency, backed by Trump, had said that the move is key to rooting out fraud, pointing to outdated records showing "impossibly old" beneficiaries.



Critics, including Senate Democrats, have questioned DOGE's methods and called for audits of its access to sensitive data.



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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.



Image Via Shutterstock

Government

Social Security Whistleblower Resigns Citing 'Culture Of Panic' Over Trump-Backed Data Modernization Efforts

On Friday, Reliance Industries Ltd., led by billionaire Mukesh Ambani, unveiled a wave of ambitious artificial intelligence and consumer tech initiatives, including Jio Frames smart glasses, signaling a direct challenge to Meta Platforms Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) wearable tech push and other global giants.



<h2 class="wp-block-heading">Jio Frames Debut Marks Reliance's Entry Into Smart Glasses</h2>



At Reliance Jio Infocomm's annual general meeting, Chairman Akash Ambani introduced Jio Frames, an AI-powered wearable platform designed for the Indian market.



The device supports multiple Indian languages through Jio's multilingual AI voice assistant and features a built-in camera capable of high definition photography, video recording and livestreaming.



"You can make calls, attend meetings, listen to music, or enjoy podcasts," Ambani said.



The glasses can also narrate book summaries, provide recipes and store data on Jio AI Cloud, the company's consumer cloud platform with over 40 million users.



See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/management/25/08/47004469/ramit-sethi-lays-out-the-most-common-money-traps-and-how-to-dodge-them-before-its-too-late" target="_blank" rel="noreferrer noopener">Ramit Sethi Lays Out the Most Common Money Traps—And How To Dodge Them Before It&#8217;s Too Late</a>



<h2 class="wp-block-heading">Ambani Unveils $50 Billion AI Infrastructure And Global Partnerships</h2>



Mukesh Ambani also announced the launch of Reliance Intelligence, a new subsidiary aimed at building a national AI backbone. The company is partnering with Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud to develop a dedicated AI cloud region starting in Jamnagar, Gujarat and has entered a joint venture with Meta worth about $100 million to deploy Llama-based enterprise AI tools.



The partnerships underscore Reliance's strategy to make India a global AI hub, with plans to expand Jio Platforms internationally and file for an IPO by the first half of 2026.



<h2 class="wp-block-heading">Ambani's Expanding Empire Takes On Global Brands</h2>



Reliance has been rapidly diversifying beyond telecom.



In 2023, the company <a href="https://www.benzinga.com/news/23/04/32039229/starbucks-faces-fierce-contest-as-indias-richest-man-brings-uks-iconic-pret-a-manger-to-mumbai">entered the coffee market</a> through a franchise partnership with Pret A Manger to compete with Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), revived its iconic Campa Cola brand to challenge Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) and PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>). 



Reliance&#8217;s streaming platform, JioCinema, underwent significant expansion. The platform streamed major events like the Indian Premier League for free, attracting a large user base. In February, JioCinema merged with Walt Disney Co.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Disney+ Hotstar to form JioHotstar, closely rivaling Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).



Previously, the company also launched <a href="https://www.benzinga.com/news/23/07/33103895/after-16-vr-headset-and-affordable-apple-airtag-alt-mukesh-ambanis-jio-to-launch-12-phones">ultra-low-cost devices</a>, including the JioDive VR headset priced under $16, Jio Bharat internet phones at $12 and Jio Tag trackers to rival Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) AirTag.



Ambani, India's richest person, has a net worth of $96.5 billion, making him the 19th wealthiest individual globally, according <a href="https://www.bloomberg.com/billionaires/">to</a> the Bloomberg Billionaires Index.



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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.



Photo Courtesy: ssi77 / Shutterstock.com

AAPL

GOOG

GOOGL

NFLX

SBUX

India's Richest Man Now Going After Mark Zuckerberg's Meta Glasses — After Starbucks, Coca-Cola, Pepsi And Netflix

&#8220;Shark Tank&#8221; investor Kevin O&#8217;Leary believes Cracker Barrel Old Country Store Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) struck marketing gold despite widespread backlash over its failed rebranding attempt.



&#8220;Cracker Barrel rebranded and caught fire online, suddenly everyone&#8217;s talking about them,&#8221; O&#8217;Leary posted on X. &#8220;Sometimes bad news is good news. A screw-up can create more buzz than a billion-dollar ad spend.&#8221;



<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">Cracker Barrel rebranded and caught fire online, suddenly everyone's talking about them. Sometimes bad news is good news. A screw-up can create more buzz than a billion-dollar ad spend. In branding, attention is currency. <a href="https://t.co/DD6JBwsub2">pic.twitter.com/DD6JBwsub2</a>&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1961428630535639369?ref_src=twsrc%5Etfw">August 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Check out the current price of <a href="https://www.benzinga.com/quote/CBRL">CBRL stock here</a>.&nbsp;



The restaurant chain&#8217;s $700 million rebrand removing its iconic &#8220;old timer&#8221; logo triggered massive social media fury, with over 500,000 X posts calling the move &#8220;woke.&#8221;



<h2 class="wp-block-heading">Significant Market Fluctuations</h2>



From its one-month peak on August 14, the Tennessee-based country hospitality chain's shares fell 13.23% to a monthly low before rebounding 14.85% between August 25 and August 27. According to <a href="https://www.benzinga.com/quote/CBRL">Benzinga Pro data</a>, CBRL closed at $59.82 on Friday.



See Also: <a href="https://www.benzinga.com/news/politics/25/08/47427276/trump-approval-rating-still-under-50-rival-newsom-tied-with-vance-in-2028-election-poll">Trump Approval Rating Still Under 50%, Rival Newsom Tied With Vance In 2028 Election Poll</a>



President Donald Trump weighed in, calling the controversy &#8220;<a href="https://www.benzinga.com/news/restaurants/25/08/47377325/kevin-oleary-says-cracker-barrel-got-bud-lighted-extremely-lucky-as-the-free-press-was-outstanding">a billion dollars worth of free publicity</a>&#8221; and urging the company to revert to its original logo. The Republican Party&#8217;s official account later posted &#8220;<a href="https://www.benzinga.com/markets/equities/25/08/47349247/cracker-barrel-stock-spikes-over-7-after-bringing-back-the-old-logo-trump-commentary">Make Cracker Barrel Great Again.</a>&#8220;



<h2 class="wp-block-heading">Co-Founder Blasts &#8216;Pitiful&#8217; New Direction</h2>



Company co-founder Tommy Lowe, <a href="https://www.benzinga.com/news/restaurants/25/08/47424441/cracker-barrel-rebrand-was-pitiful-co-founder-says-leave-the-barrel-the-logo-alone">criticized the rebrand as &#8220;pitiful&#8221;</a> and questioned CEO Julie Felss Masino&#8216;s Taco Bell background. &#8220;What&#8217;s Taco Bell know about Cracker Barrel and country food?&#8221; Lowe told Nashville media.



<h2 class="wp-block-heading">Peers Significantly Outperform Post-COVID</h2>



CBRL dramatically <a href="https://www.benzinga.com/trading-ideas/technicals/25/08/47415975/how-to-trade-the-internets-biggest-controversy">underperforms restaurant sector competitors</a> in the post-COVID period. Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) surged over 2,000% since its 2020 lows, while Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) gained 702%. Cracker Barrel managed just 3% growth during the same period.



O&#8217;Leary sees opportunity in the chaos. &#8220;The free press was outstanding,&#8221; he said, comparing the situation to Anheuser-Busch&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>) Bud Light controversy. &#8220;Now people are saying, &#8216;What the hell is that? I&#8217;m gonna go check that out.'&#8221;



Known for its Southern hospitality, Cracker Barrel has traded between $33.85 and $71.93 over the past year. The company has a market capitalization of $1.38 billion, with an average daily trading volume of about 1.29 million shares. Its price-to-earnings ratio stands at 23.22.



With a strong Momentum in the 88th percentile, Benzinga&#8217;s Edge Stock Rankings indicate that CBRL is experiencing short-term consolidation along with medium and long-term upward movement.&nbsp;Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how the stock fares</a> on other parameters.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="477" height="286" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/29214007/image-573.png" alt="" class="wp-image-1050416" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/29214007/image-573.png 477w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/29214007/image-573-300x180.png 300w" sizes="(max-width: 477px) 100vw, 477px" /></a></figure>



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Photo Courtesy: Edgar Lee Espe / Shutterstock.com



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Kevin O'Leary Says Cracker Barrel's Viral Rebrand Proves 'Bad News' Can Create 'More Buzz' Than A Billion-Dollar Ad Spend

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