89bio (NASDAQ:ETNB) Stock

89BIO INC

89bio

89bio Inc is a United States-based clinical-stage biopharmaceutical company focused on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. Its product candidate, pegozafermin (previously BIO89-100), a specifically engineered glycoPEGylated analog of fibroblast growth factor 21 (FGF21), is currently being developed for the treatment of nonalcoholic steatohepatitis (NASH) and for the treatment of severe hypertriglyceridemia (SHTG).

Experts have been debating the artificial intelligence-driven impact on employment with contradicting views. While market veteran like Jim Cramer thinks that &#8220;AI is still not trusted,&#8221; others see trouble brewing in the labor market due to the automation of several human-led jobs.
What Happened: Citing the labor differential and unemployment rate data, Ark Invest&#8217;s Cathie Wood said in her &#8220;<a href="https://www.ark-invest.com/videos/market-commentary/july-2025-in-the-know-cathie-wood">In The Know</a>&#8221; series, &#8220;Labor differential says that it&#8217;s getting harder to find jobs,&#8221; while adding that &#8220;rising unemployment claims suggest that people who are out of work are finding it difficult to get a job.&#8221;
While she blames immigration for this, Wood also states that &#8220;we do know that AI is hurting entry-level jobs.&#8221;
Highlighting a personal example from the ARK 2025 Vibe Coding Hackathon, she said that her firm used AI to address 13 pain points within the organization.
&#8220;Because of (AI&#8217;s) natural language programming, SaaS is going to run into some trouble here, now that we can do a lot ourselves and customize to our own organization&#8217;s needs,&#8221; she explains.
On the other hand, CNBC&#8217;s Mad Money host Cramer took to X and underscored that traditional white collar firms haven&#8217;t seen AI-related job cuts.
&#8220;They are still hiring, still paying a lot. AI is still not trusted at the highest rungs of major companies,&#8221; he said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">CEOs have been saying that AI will wipe out jobs at their companies. But it hasn&#39;t happened at most traditional white collar firms. They are still hiring, still paying a lot. AI is still not trusted at the highest rungs of major companies
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1940680480380408248?ref_src=twsrc%5Etfw">July 3, 2025</a></blockquote>
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Meanwhile, taking a strong stand on this, economist Craig Shapiro warned that <a href="https://www.benzinga.com/markets/economic-data/25/06/46093421/ai-will-disrupt-25-of-us-jobs-by-2030-and-the-fed-cant-save-them-economist-warns">AI could wipe 25% of jobs in the U.S.</a> by 2030, and the Federal Reserve&#8217;s traditional tool of interest rate cuts is ill-equipped to address the looming labor crisis.
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46188237/bill-gates-is-betting-two-thirds-of-his-foundations-portfolio-in-these-3-stocks">Bill Gates Is Betting Two-Thirds Of His Foundation&#8217;s Portfolio In These 3 Stocks</a>
Why It Matters: Shapiro cites a Goldman Sachs study and explains that tech giants like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are investing billions in AI, which will potentially automate 25% of the U.S. labor market by 2030.
Furthermore, he says, "AI-driven labor displacement, accelerating in 2025, poses a structural crisis that Federal Reserve rate cuts cannot fix.&#8221;
Shapiro also outlines Federal Reserve Vice Chair Michael Barr&#8216;s 2025 warning: AI could increase the natural unemployment rate due to skill mismatches. A <a href="https://hbr.org/2015/08/research-technology-is-only-making-social-skills-more-important">Harvard study</a> supported this, estimating 47% of U.S. jobs are at risk. 
Price Action: Here are a few AI-linked exchange-traded funds that investors can consider amid the booming artificial intelligence demand.
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<tbody>
<tr>
<td>ETF Name</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>iShares US Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>)</td>
<td>10.00%</td>
<td>12.38%</td>
</tr>
<tr>
<td>Fidelity MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>)</td>
<td>8.40%</td>
<td>13.19%</td>
</tr>
<tr>
<td>First Trust Dow Jones Internet Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDN#NYSE">FDN</a>)</td>
<td>10.40%</td>
<td>27.93%</td>
</tr>
<tr>
<td>iShares Expanded Tech Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGM#NYSE">IGM</a>)</td>
<td>10.94%</td>
<td>16.23%</td>
</tr>
<tr>
<td>iShares Global Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IXN#NYSE">IXN</a>)</td>
<td>10.44%</td>
<td>8.71%</td>
</tr>
<tr>
<td>Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>)</td>
<td>13.52%</td>
<td>45.81%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: On the truncated trading day of July 3rd, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, scaled fresh records and ended higher. The SPY was up 0.79% at $625.34, while the QQQ advanced 0.98% to $556.22, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46216283/dan-ives-urges-apple-to-make-a-move-saying-that-perplexity-acquisition-is-a-no-brainer-its-a-matter-of-when-and-not-if">Dan Ives Urges Apple &#8216;To Make A Move,&#8217; Saying That Perplexity Acquisition Is &#8216;A No-Brainer&#8217;: &#8216;It&#8217;s A Matter Of When And Not If&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

AMZN

First Trust Dow Jones Internet Index Fund

FTEC

iShares Trust S&P Global Information Technology Sector Index Fund

iShares Dow Jones US Technology Sector Index Fund

MSFT

QTUM

Jim Cramer Contradicts AI-Led Job Cuts At White Collar Firms As Cathie Wood Says It's 'Hurting Entry-Level Jobs:' Here's How Experts Debunk AI's Impact On Employment

La Rosa Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) stocks experienced a significant drop of 23.47% during after-hours trading on Thursday The drop follows the  surge of 87.37%, which was the result  of the company&#8217;s announcement of its first-half revenue for 2025
What Happened: &nbsp;The real estate company&#8217;s stock closed at $0.15 on July 3. However, it fell to $0.11 during after-hours trading. This represents a 23.47% decrease in value.
See Also: <a href="https://benzinga.com/markets/equities/25/07/46187311/trump-says-elon-musk-would-close-up-shop-and-head-back-home-to-south-africa-without-subsidies-no">Trump Says Elon Musk Would &#8216;Close Up Shop And Head Back Home To South Africa&#8217; Without Subsidies: &#8216;No More Rocket Launches, Satellites, Or Electric Car&#8217;</a>
La Rosa Holdings, a real estate company, <a href="https://www.benzinga.com/markets/earnings/25/07/46242298/exclusive-la-rosa-clocks-38-4-million-in-first-half-revenue-tops-3000-agents">reported a revenue of $38.4 million</a> for the first half of 2025, representing a 19.4% year-over-year growth. This announcement led to an 87% surge in the company&#8217;s stock, which closed at $0.15 on Thursday.
Why It Matters: La Rosa Holdings&#8217; strategic decisions, such as the approval of a <a href="https://www.benzinga.com/news/buybacks/25/04/44977376/exclusive-la-rosa-board-approves-500-thousand-stock-buyback-plan">$500 thousand stock buyback</a> plan in April, have also contributed to its positive market performance.&nbsp;
In July, the company&#8217;s shares soared after it reported a preliminary unaudited revenue of $38.4 million for the <a href="https://www.benzinga.com/wiim/25/07/46242719/la-rosa-holdings-shares-are-trading-higher-after-the-company-reported-preliminary-unaudited-revenue">first half of 2025</a>. This was a milestone for the company, which had also seen a 19.4% year-over-year growth.
Price in Action: According to <a href="https://www.benzinga.com/quote/LRHC">Benzinga Pro</a> data, closing at $0.15, La Rosa's stock surged 87.27% following strong revenue news. The dip of $0.11 in after-hours trading, reflects continued volatility.
Benzinga&#8217;s Edge Stock Rankings indicate strong value potential (40.29) of La Rosa's stock. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~: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-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="758" height="98" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04015455/Screenshot-2025-07-04-at-14.54.42.png" alt="" class="wp-image-972881" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04015455/Screenshot-2025-07-04-at-14.54.42.png 758w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04015455/Screenshot-2025-07-04-at-14.54.42-300x39.png 300w" sizes="(max-width: 758px) 100vw, 758px" /></a></figure>
Photo Courtesy: Who is Danny on Shutterstock.com
Read Next: 
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<li><a href="https://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 &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial intere</a></li>
</ul>

Equities

News

Market-Moving Exclusives

Markets

LRHC

La Rosa Holdings (LRHC) Stock Dips 23% In After Hours, Shares Shed Intraday Gains Fueled By H1 2025 Revenue Numbers

Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) announced the pricing of HK$12.023 billion ($1.5 billion) in zero-coupon exchangeable bonds due 2032, marking the Chinese e-commerce giant&#8217;s latest move to fuel its artificial intelligence and cloud expansion strategy.
What Happened: The bonds, priced on Thursday, are exchangeable for shares of Alibaba Health Information Technology Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ALBBY#OTC">ALBBY</a>), a consolidated subsidiary where Alibaba holds approximately 64% equity interest. The offering is expected to close July 9, subject to customary closing conditions.
Bondholders can exchange their securities at an initial ratio of approximately 160,513.6 Alibaba Health shares per HK$1 million principal amount, equivalent to an initial exchange price of HK$6.23 per share. This represents a 48% premium over the HK$4.21 per share price in the concurrent delta placement.
If fully exchanged, the bonds would represent up to 12% of Alibaba Health&#8217;s issued share capital as of May 31. The exchange price is subject to customary adjustments and anti-dilution provisions.
Alibaba expects net proceeds of approximately HK$11.9 billion ($1.55 billion) after deducting underwriter commissions and estimated expenses. The company plans to use proceeds for general corporate purposes, including investments in cloud infrastructure and international commerce businesses.
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46257412/is-the-market-open-on-july-4th-everything-you-need-to-know">Is the Market Open On July 4th? Everything You Need To Know</a>
Why It Matters: The bond offering comes as Alibaba shares have surged 28% year-to-date, <a href="https://www.benzinga.com/markets/tech/25/07/46250853/alibabas-ai-and-cloud-moves-have-sparked-28-stock-rebound">significantly outperforming the NYSE Composite&#8217;s 8% gain</a>. The rally has been driven by accelerating growth in the company&#8217;s Cloud Intelligence Group, particularly AI-related products, and strategic investments in artificial intelligence.
In June, Alibaba released updated Qwen3 <a href="https://www.benzinga.com/markets/tech/25/07/46250853/alibabas-ai-and-cloud-moves-have-sparked-28-stock-rebound">AI models and partnered with</a> Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to deploy machine-learning features on devices in China. The company is aggressively expanding its global cloud presence with new data centers in Malaysia, South Korea, and the Philippines.
The bonds will be listed on the Vienna MTF operated by the Vienna Stock Exchange within 60 days after closing. Bondholders may require redemption on July 9, 2030, or following certain corporate events, with redemption at 100% of the principal amount.
Price Action: As of Friday at 1:13 p.m. local time, Alibaba Group Holding Ltd traded at HK$105.60 (~$13.45) on the Hong Kong Exchange, down 0.56%.
On the NYSE, Alibaba ADR closed Thursday at $108.70, down 1.82%, with after-hours trading slipping to $108.63.
BABA scores well on momentum and growth based on Benzinga&#8217;s Stock Edge Ranking. While the stock shows a negative short- and medium-term price trend, its long-term trend remains positive. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here for a full stock breakdown</a> and to compare it with rival stocks.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="890" height="640" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04013153/image-49.png" alt="" class="wp-image-972858" style="width:451px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04013153/image-49.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04013153/image-49-300x216.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04013153/image-49-768x552.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/asia/25/07/46257304/jane-street-banned-from-india-after-market-regulator-alleges-intra-day-index-manipulation">Jane Street Banned From India After Market Regulator Alleges &#8216;Intra-Day Index Manipulation&#8217;</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: Robert Way / Shutterstock.com

AAPL

ALBBY

BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

Alibaba Prices $1.5 Billion Via Zero-Coupon Bonds To Fund AI, Cloud Push

Actor George Takei, famous for his role in the &#8216;Star Trek&#8217; franchise, says the Trump administration's push to deport undocumented immigrants echoes the World War II mass incarceration of Japanese Americans.
What Happened: The Star Trek star, who survived Japanese American internment, <a href="https://edition.cnn.com/audio/podcasts/the-assignment/episodes/9140d9e2-4b94-11ef-ba2a-9bdbc6863578">told</a> CNN's Audie Cornish that Donald Trump's immigration agenda echoes Franklin D. Roosevelt's wartime roundup of people with Japanese ancestry.
&#8220;But politicians lie, and people believe that lie because there&#8217;s hysteria rampant at that time,&#8221; he said. &#8220;And in our time today, right now, people got swept up by a lie and elected him. And now people have regrets. People must speak out.&#8221;
Takei reminded listeners that Roosevelt signed Executive Order 9066 on Feb. 19, 1942, <a href="https://apnews.com/article/fact-check-executive-order-9066-migrants-gift-cards-076876930650">allowing</a> the government to confine about 120,000 Japanese Americans behind barbed wire. Guards with rifles watched over families crammed into sparsely insulated barracks, many of them U.S. citizens.
See also: <a href="https://www.benzinga.com/news/topics/25/07/46253645/trump-lectures-japan-about-rice-but-u-s-tariffs-make-sugar-and-peanuts-140-more-expensive-for-americans-says-peter-schiff">Trump Lectures Japan About Rice But U.S. Tariffs Make Sugar And Peanuts 140% More Expensive For Americans, Says Peter Schiff</a>
&#8220;Even great presidents can get swept up in the hysteria of the times because, to Roosevelt, the West Coast of the United States was just like Pearl Harbor,&#8221; Takei said. &#8220;It was open. Unprotected and vulnerable. And here were these people that looked exactly like the people that bombed Pearl Harbor. And so, he panicked out of ignorance.&#8221;
Cornish noted that polls in the 1940s favored internment, just as many voters now support mass deportations.
Why It Matters: Trump proposes <a href="https://www.benzinga.com/news/politics/25/06/46110499/trumps-big-beautiful-bill-to-inject-150-billion-into-immigration-enforcement-over-the-next-four-years-report">slashing $150 billion</a> from other federal programs and redirecting the money to his immigration agenda over the next four years. Immigration and Customs Enforcement already teeters on a budget cliff, and officials warn the agency <a href="https://www.benzinga.com/news/politics/25/06/45967200/ice-could-run-out-of-money-in-weeks-trumps-immigration-push-now-threatens-to-break-the-budget-report">could exhaust its funds</a> within weeks. Lawmakers from both parties fear Trump will siphon money from other agencies to keep ICE operating, although his new spending package could ease that pressure. 
Trump highlighted his hard-line approach last week by telling New York City Democratic mayoral nominee Zohran Mamdani that he would <a href="https://www.benzinga.com/news/politics/25/07/46213003/zohran-mamdani-hits-back-at-trumps-arrest-threats-over-potentially-blocking-new-york-ice-raids-will-not-accept-this-intimidation">arrest and deport him</a> if he tried to block federal immigration raids.
Photo Courtesy: Lev Radin on Shutterstock.com
Read next: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46257394/trumps-big-bautiful-bill-passes-ev-tax-breaks-to-end-on-september-30-what-it-means-for-electric-vehicles">Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Passes—EV Tax Breaks To End On September 30: What It Means For Electric Vehicles</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Trump Administration's ICE Raids Compared With WWII Japanese Internment Camps By George Takei: 'Politicians Lie, And People Believe That Lie'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) sales in the UK surged over 12% year-on-year in June as Elon Musk's EV giant's Q2 delivery figures fared better than initially predicted by experts.
What Happened: Tesla sold 7,891 units in the UK during June, compared to June 2024&#8217;s 7,019 units, data from NewAutomotive obtained by Reuters showcased on Friday.
The data also suggests that UK EV sales grew by 45.5%, with a 12.8% growth in total car sales in the region. The market as a whole registered 187,655 units in June. 
Tesla's Chinese rival, BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), also gained in sales, selling 2,498 units in June. Tesla's total sales in the UK are still down 2%, the data shows.
Why It Matters: The news comes in as Tesla delivered over 384,000 vehicles in Q2, which analysts like Wedbush Securities' Dan Ives hailed as a moment where the <a href="https://www.benzinga.com/markets/tech/25/07/46239998/dan-ives-hails-teslas-better-than-expected-q2-deliveries-says-fireworks-come-early-for-elon-musk-led-ev-giant">&#8220;fireworks&#8221; came early</a> for the company.
Gary Black, managing director of Future Fund LLC, pinned the deliveries on Tesla experiencing <a href="https://www.benzinga.com/markets/tech/25/07/46239731/elon-musks-tesla-sales-surge-3-7-in-china-as-other-markets-cool">strong growth in China</a> during June. "2Q was better than expected, led by refreshed Model Y deliveries and strong quarter-end China deliveries," the investor said as the <a href="https://www.benzinga.com/markets/tech/25/07/46238590/tsla-stock-surges-5-as-q2-deliveries-better-than-feared-gary-black-explains-why-elon-musk-led-tesla-fared-better-than-markets-worst-fears">company stock surged 5%</a>.
The news also comes in as <a href="https://www.benzinga.com/markets/tech/25/07/46214467/elon-musk-will-oversee-tesla-sales-in-the-us-europe-after-omead-afshars-exit-report">Musk will assume oversight</a> of Tesla sales in regions like Europe and the U.S. after close aide Omead Afshar's exit from the company earlier.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="201" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04011650/TSLA-JUL-4-2025-1024x201.jpg" alt="" class="wp-image-972845" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04011650/TSLA-JUL-4-2025-1024x201.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04011650/TSLA-JUL-4-2025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04011650/TSLA-JUL-4-2025-768x151.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04011650/TSLA-JUL-4-2025-1536x301.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/04011650/TSLA-JUL-4-2025.jpg 1560w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers satisfactory Momentum, while scoring well on the Growth and Quality metrics, but 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&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46212911/amid-declining-sales-elon-musks-tesla-confirms-new-affordable-models-will-be-introduced-this-year">Amid Declining Sales, Elon Musk&#8217;s Tesla Confirms New Affordable Models Will Be Introduced This Year</a></li>
</ul>
Photo courtesy: VTT Studio / Shutterstock.com

BYDDF

BYDDY

TSLA

Elon Musk-Led Tesla Sales Surge 12% In The UK During June: Q2 Deliveries Beat Analyst Estimates

As American families gather to celebrate Independence Day, many investors and traders are curious about the market schedule for the July Fourth holiday weekend.
Here&#8217;s a concise guide to help you navigate the trading week around this holiday.
<h2 class="wp-block-heading">Market Schedule Overview Around Independence Day</h2>
The Nasdaq and New York Stock Exchange closed at 1 p.m. ET on Thursday and will remain closed all day on Friday, July 4th.
According to the <a href="https://www.sifma.org/resources/general/holiday-schedule/">Securities Industry and Financial Markets Association</a>, the U.S. bond market will also remain shut. 
While the U.S. markets will be closed, international markets will follow their respective schedules. European and Asian markets, for example, will operate on their normal trading hours. Foreign exchange markets will remain open.
Thin trading volumes and liquidity in international markets are common on days when Wall Street is closed.
Most retail, grocery, and restaurant chains will remain open in some capacity on Friday, July 4, while banks, post offices, and the stock market will be closed on the holiday.
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46188237/bill-gates-is-betting-two-thirds-of-his-foundations-portfolio-in-these-3-stocks">Bill Gates Is Betting Two-Thirds Of His Foundation&#8217;s Portfolio In These 3 Stocks</a>
<h2 class="wp-block-heading">The Story Behind The Fourth of July</h2>
The Fourth of July wasn&#8217;t always the big annual celebration we know today. It all started with a &#8220;spontaneous celebration&#8221; in Philadelphia, marking America&#8217;s first birthday, as described by John Adams in a letter to his daughter.
It took a while for the tradition to stick, though. After the War of 1812, people began to regularly mark the occasion, even planning major events like groundbreaking ceremonies for the Erie Canal and the Baltimore and Ohio Railroad around the Fourth of July festivities. Eventually, Congress officially recognized its importance, making Independence Day a federal holiday on June 28, 1870.
Speaking of holidays, after the Fourth of July closure, it&#8217;ll be business as usual on Wall Street until early September. The next stock market closure is for Labor Day, on Monday, September 1.
<h2 class="wp-block-heading">Other Market Holidays In 2025</h2>
Following the July 4th and Sept. 1st holidays, the markets will be closed for;
<ul class="wp-block-list">
<li>Thanksgiving: Thursday, Nov. 27</li>
<li>Christmas: Thursday, Dec. 25</li>
</ul>
Price Action: On the truncated trading day of July 3rd, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, scaled fresh records and ended higher. The SPY was up 0.79% at $625.34, while the QQQ advanced 0.98% to $556.22, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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<li><a href="https://www.benzinga.com/news/politics/25/07/46241070/trumps-vietnam-trade-deal-with-40-tax-on-transshipments-may-result-in-chinese-backlash-say-economis">Trump&#8217;s Vietnam Trade Deal With 40% Tax On Transshipments May Result In Chinese Backlash, Say Economists: &#8216;&#8230;They Want Inflation&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Is the Market Open On July 4th? Everything You Need To Know

President Donald Trump's controversial One Big, Beautiful Bill has passed the House of Representatives with a 218-214 vote, with Trump expected to sign the bill into law on July 4. Here's what it means for EVs in the U.S.
What Happened: "It is obvious that the future of transportation is electric; this bill forfeits America's role in that future to China," The Electrification Coalition, a pro-EV group, said on Thursday, according to Reuters.
The tax bill eliminates the federal EV credit, worth $7,500, on all purchases of new electric vehicles, as well as a $4,000 credit on used EVs, which could be a blow to the growing EV sector in the country.
The bill also eliminates the civil fines imposed on corporations for not meeting the Corporate Average Fuel Economy (CAFE) norms and repeals the proposed $250 annual fee on EV owners.
Elsewhere, the bill also eliminates the proposal that the U.S. Postal Service would need to overhaul its delivery fleet and sell off all the Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) <a href="https://www.benzinga.com/markets/tech/25/06/46048352/gop-cant-kill-usps-ev-fleet-under-tax-bill-says-senate-parliamentarian">transit EV vans</a> it currently uses.
Why It Matters: The tax bill has been a point of contention between Trump and his allies, most significantly, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk. Musk had launched a scathing attack on Trump over the budget, even claiming that if the bill were to pass, he would set up a <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">new political party</a>.
Trump responded by saying that Musk would need <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">to "close up shop"</a> and return to South Africa if it weren't for the U.S. government subsidies, further adding to the feud between the two.
The bill is in line with the Trump administration's <a href="https://www.benzinga.com/news/politics/25/06/45943245/trump-says-he-was-amazed-that-tesla-ceo-elon-musk-endorsed-him-despite-his-anti-ev-stance">anti-EV stance</a> as the president had recently signed a resolution to overturn <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45911368/trump-signs-resolutions-to-overturn-californias-ev-mandate-report">California's EV mandate</a>, which aimed to phase out ICE-powered vehicles by 2035.
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:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46109160/japans-top-trade-negotiator-calls-trumps-25-auto-tariffs-unacceptable-amid-ongoing-talks">Japan's Top Trade Negotiator Calls Trump's 25% Auto Tariffs ‘Unacceptable' Amid Ongoing Talks</a></li>
</ul>
Photo courtesy: Shutterstock

Trump's 'Big Bautiful Bill' Passes—EV Tax Breaks To End On September 30: What It Means For Electric Vehicles

Jane Street Group, a major global proprietary trading firm, has been barred from accessing Indian securities markets after the Securities and Exchange Board of India, the Indian market regulator, issued an interim order alleging manipulation of benchmark indices, including the Nifty 50.
What Happened: SEBI has frozen more than INR 48.43 billion ($580 million) in alleged unlawful gains and directed Jane Street's entities to deposit the amount in an escrow account, pending further investigation.
The order on Thursday accuses Jane Street's Indian and foreign subsidiaries of deploying complex trading strategies to manipulate index levels on expiry days, particularly in the highly liquid Nifty 50 and Bank Nifty options markets. 
SEBI's investigation found that Jane Street's entities engaged in aggressive, high-volume trades in index constituent stocks and futures, both to artificially move index prices and to profit from large, directional options positions. 
The regulator cited "intra-day index manipulation" and "extended marking the close" strategies, where Jane Street allegedly bought or sold large quantities of underlying stocks and futures to influence the index settlement price, then reversed those trades to maximize options profits.
Jane Street Group did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/ipos/25/07/46212893/figma-targets-wall-street-debut-after-20-billion-adobe-deal-collapse">Figma Targets Wall Street Debut After $20 Billion Adobe Deal Collapse</a>
Why It Matters: SEBI's order highlights that Jane Street's trading activity was concentrated around expiry days, with the group running the largest cash-equivalent risks in index options. 
The regulator noted that these actions created a false or misleading appearance of market activity, violating India's Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations. The order also points to a disregard for regulatory warnings, as Jane Street continued similar trading patterns even after receiving a caution letter in February.
The ban and asset freeze are interim measures, and SEBI's investigation is ongoing. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/25/07/46255402/microsoft-slashes-9-000-jobs-while-mark-zuckerbergs-meta-poaches-20-million-worth-of-ai-talent-from">Microsoft Slashes 9,000 Jobs While Mark Zuckerberg&#8217;s Meta Poaches $20 Million Worth Of AI Talent From OpenAI: Investor Warns Of &#8216;Jealousy, Envy, And Helplessness&#8217; Among Tech Workers In Silicon Valley</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: Harshit Srivastava S3 / Shutterstock.com

Asia

Emerging Markets

Jane Street Banned From India After Market Regulator Alleges 'Intra-Day Index Manipulation'

Elon Musk's artificial intelligence startup xAI has received official approval to operate natural gas-burning turbines at its <a href="https://www.benzinga.com/tech/25/04/45100013/elon-musks-xai-supercomputer-powering-grok-faces-human-rights-violation-allegations-in-memphis-over-pollution-from-unauthorized-gas-turbines">Memphis-based supercomputer</a> facility, despite community backlash and an ongoing lawsuit over air quality concerns.
What Happened: The Shelby County Health Department issued the permit on Wednesday, allowing xAI to operate 15 gas turbines at its Colossus data center, which powers the Grok AI model, <a href="https://www.cnbc.com/2025/07/03/musks-xai-gets-permit-for-turbines-to-power-supercomputer-in-memphis.html">reported</a> CNBC.
The permit enforces emissions limits and testing requirements, with non-compliance penalties reaching $10,000 per day.
Local residents have protested the project for months, citing a strong odor and <a href="https://www.benzinga.com/markets/tech/25/06/46012282/elon-musks-xai-may-face-clean-air-act-lawsuit-over-alleged-pollution-at-memphis-data-center">poor air quality</a> that reportedly worsened after the turbines were activated. The NAACP, represented by the Southern Environmental Law Center, has filed a lawsuit against xAI, claiming the company violated the Clean Air Act.
See Also:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/46163141/trump-says-hell-skip-trade-deals-set-global-tariffs-with-a-letter-pay-a-25-tariff-o" target="_blank" rel="noreferrer noopener">Trump Says He'll Skip Trade Deals, Set Global Tariffs With A Letter: ‘Pay A 25% Tariff, Or 20%, Or 40 Or 50%'</a>
Satellite images taken Tuesday reportedly show 24 turbines at the site, exceeding the permitted number. Previously, the site hosted as many as 35 turbines, with more than 15 operating at once, the report said.
Why It's Important: xAI's Memphis supercomputer is central to Musk's ambitions to compete with OpenAI's ChatGPT and 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's Gemini.
Earlier this week, it was announced that xAI has <a href="https://www.benzinga.com/markets/tech/25/07/46187301/elon-musks-xai-secures-10-billion-in-debt-and-equity-amid-soaring-burn-rate-as-ai-arms-race-intensifies">raised $10 billion in debt</a> and equity.
The company is also reportedly in discussions to raise around $20 billion in equity funding, which could value it at over $120 billion, with some investors estimating its worth could reach as high as $200 billion.
Previously, Musk revealed that xAI plans to deploy 1 million GPUs near Memphis. Most of these GPUs will be sourced from Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), according to Gene Munster, with a smaller share coming from Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
Munster added that the total cost of acquiring these chips could range from <a href="https://www.benzinga.com/25/05/45534923/elon-musks-xai-plans-3040-billion-gpu-buy-near-memphis-nvidia-set-to-be-the-biggest-winner-says-top-analyst">$30 billion to $40 billion</a>.
Read Next:
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<li><a href="https://benzinga.com/markets/tech/25/06/46186013/mark-zuckerberg-once-predicted-that-this-technology-would-replace-your-phone-a-decade-later-how-far-" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Once Predicted That This Technology Would Replace Your Phone — A Decade Later, How Far Is Meta From Delivering On A ‘More Natural' Future</a></li>
</ul>
Photo Courtesy: JRdes on Shuttertsock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

GOOG

GOOGL

NVDA

Elon Musk's xAI Secures Permit To Burn Natural Gas For Grok Supercomputer In Memphis Amid Clean Air Act Lawsuit, Pollution Complaints

Cryptocurrency markets rallied on Thursday as President Donald Trump secured his first major legislative victory of his second term, with the House passing his sweeping $3.3 trillion domestic agenda package <a href="https://www.benzinga.com/news/politics/25/07/46255065/trumps-3-3-trillion-bill-passes-will-vulnerable-americans-pay-the-price">just ahead of the July 4 holiday</a>.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11.26 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.47%</td>
<td>$109,230</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>+0.51%</td>
<td>$2,579</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>-1.12%</td>
<td>$0.1708</td>
</tr>
</tbody>
</table>
</figure>
The crypto market capitalization reached $3.37 trillion, gaining 0.42% in 24 hours, with Bitcoin maintaining 64.5% dominance and Ethereum holding 9.2% market share. 
The surge followed House Republicans&#8217; approval of Trump&#8217;s &#8220;One Big, Beautiful Bill,&#8221; which includes tax cuts, military and border security funding, and significant federal safety net reductions.
Market volatility remained elevated, with 87,335 traders liquidated in the past 24 hours, totaling $217.42 million in liquidations. 
Open Interest in crypto derivatives climbed to $151.69 billion, up 0.95%, while the U.S. Dollar Index declined 0.14% to $96.682. The CMC Crypto Fear and Greed Index registered 55, maintaining neutral territory.
Broader equity markets posted gains, with the S&amp;P 500 rising 0.83% to 6,279.35, the Nasdaq-100 advancing 0.99% to 22,866.97, and the Dow Jones Industrial Average climbing 0.77% to 44,828.53. 
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11.26 p.m. ET)</td>
</tr>
<tr>
<td>Zcash (ZEC)</td>
<td>+6.12%</td>
<td>$41.05</td>
</tr>
<tr>
<td>Walrus (WAL)</td>
<td>+5.85%&nbsp;</td>
<td>$0.4374</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+5.28%</td>
<td>$1.20</td>
</tr>
</tbody>
</table>
</figure>
Gold prices edged up to around $3,330 per ounce, heading for a weekly advance as concerns over the U.S. fiscal deficit and tariff uncertainty boosted the metal&#8217;s safe-haven appeal. 
See Also: <a href="https://www.benzinga.com/news/25/07/46256825/nvidia-crowdstrike-wolfspeed-cadence-design-systems-and-microsoft-why-these-5-stocks-are-on-investors-radars-today">Nvidia, Crowdstrike, Wolfspeed, Cadence Design Systems And Microsoft: Why These 5 Stocks Are On Investors&#8217; Radars Today</a>
In a significant development for the crypto industry, House Committee on Financial Services Chairman French Hill and House Committee on Agriculture Chairman GT Thompson announced that the week of July 14th will be designated as &#8220;Crypto Week.&#8221;
The House plans to consider the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate&#8217;s GENIUS Act as part of Congress&#8217; efforts to establish America as the crypto capital of the world.
Analyst Take: Cryptocurrency Analyst Rekt Capital noted that Bitcoin needs to maintain levels above $108,890 for the remainder of the week to position itself for a bullish weekly close above final major resistance levels, suggesting continued upward momentum potential.
<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/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin just needs to stay above $108890 for the rest of the week to position itself for a bullish Weekly Close above the final major resistance (red)<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/u1YrxcmU6t">https://t.co/u1YrxcmU6t</a> <a href="https://t.co/GU873pDqIo">pic.twitter.com/GU873pDqIo</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1940802100428263654?ref_src=twsrc%5Etfw">July 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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</ul>
Photo Courtesy: PeopleImages.com &#8211; Yuri A on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

$BTC

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Surge Amid Trump's 'One Big, Beautiful Bill' Victory — Analyst Says BTC On 'Cusp Of Making History' As It Eyes Key Weekly Resistance

Sonnet BioTherapeutics Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) stock experienced a drop of 5.54% on Thursday, followed by a remarkable recovery of 14.29% in after-hours trading.
What Happened: Sonnet BioTherapeutics&#8217; stock fell by 5% during regular trading hours on Thursday. The drop was attributed to concerns about the company&#8217;s continued listing on the NASDAQ exchange. The stock closed at $3.92.
However, the stock made a recovery in after-hours trading, surging by 14% to $4.48. This rebound came after an <a href="https://www.ainvest.com/news/sonnet-biotherapeutics-plunges-18-07-ceo-passing-private-placement-2507/">18.07%</a> plunge earlier in the day, which was attributed to the passing of the company&#8217;s CEO, Pankaj Mohan and a private placement of zero-interest convertible notes, worth $2 million.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46214331/cipher-mining-stock-is-up-over-6-in-wednesdays-pre-market-whats-going-on">Cipher Mining Stock Is Up Over 6% In Wednesday&#8217;s Pre-Market: What&#8217;s Going On? &#8211; Benzinga</a>
Failing to meet the minimum requirement of $2.5 million in stockholders&#8217; equity and alternative thresholds, NASDAQ issued a non-compliance notice to SONN under Rule 5550(b)(1).
Why It Matters: The fluctuation in Sonnet BioTherapeutics&#8217; stock value is not an isolated incident. The healthcare sector has seen several stocks experience significant movements. <a href="https://www.benzinga.com/insights/movers/25/07/46255004/12-health-care-stocks-moving-in-thursdays-after-market-session">12 healthcare stocks</a>, including Beta Bionics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBNX#NASDAQ">BBNX</a>) and Cognition Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTX#NASDAQ">CGTX</a>), also experienced notable changes in their stock values on Thursday.
Notably, Sonnet BioTherapeutics&#8217; stock had previously experienced a significant decline in September 2024, following a <a href="https://www.benzinga.com/news/24/09/41032415/why-sonnet-biotherapeutics-sonn-shares-are-down-19-today">reverse stock split</a> announcement. The company&#8217;s stock fell by 19.9% after the announcement.
Price Action: With a market cap of $12.41 million, SONN closed at $3.92 on July 3, down 5.54% from the previous close of $4.15.  Despite the dip, the stock surged 14.29% after hours to $4.48, suggesting increased investor interest. The rebound after the dip indicates the volatility of shares on Wednesday.
Benzinga's Edge Stock Rankings indicate Sonnet BioTherapeutics Holdings has a Momentum in the 94th percentile, here is <a href="http://Sonnet BioTherapeutics Holdings">how the stock fares</a> on other parameters.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="861" height="156" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03232611/Screenshot-2025-07-04-085552.png" alt="" class="wp-image-972746" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03232611/Screenshot-2025-07-04-085552.png 861w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03232611/Screenshot-2025-07-04-085552-300x54.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03232611/Screenshot-2025-07-04-085552-768x139.png 768w" sizes="(max-width: 861px) 100vw, 861px" /></figure>
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: PeopleImages.com &#8211; Yuri A on Shutterstock.com

Biotech

Health Care

BBNX

CGTX

SONN

Sonnet BioTherapeutics Drops 5% Intraday, Rebounds 14% After Hours Amid Delisting Concerns

Janet Godwin, the CEO of test company ACT, says the best career advice she ever got was to stop scheming about your next promotion and make today's job unmissable.
What Happened: "If you're so busy thinking about what you're going to do next, I guarantee you you're not putting enough energy and time into what you're doing today," the longtime ACT executive recalls advice she once received from her boss as she <a href="https://fortune.com/2025/06/29/act-ceo-janet-godwin-worked-same-company-35-years-long-term-success-not-job-hopping/">spoke</a> to Fortune.
Godwin, now 59 and chief executive of the college-admissions test maker, calls that warning "some of the best advice I ever received as a young employee."
Godwin argues that constant hopping can backfire, leaving résumés rich in titles but thin on mastery. "You need to learn and mature in your current job before you have your eyes set on something else," she said.
See Also: <a href="https://www.benzinga.com/personal-finance/management/25/07/46249419/widows-social-security-and-health-insurance-cut-off-all-because-a-death-certificate-took-too-long">Widow&#8217;s Social Security And Health Insurance Cut Off — All Because A Death Certificate Took Too Long</a>
She speaks from one company&#8217;s experience. The former English major joined ACT in 1990, writing test questions, and rotated through nearly every department before becoming CEO in 2020, just days before pandemic lockdowns shuttered test centers. "That's what I mean about being curious. Because if you think you know where you're going to be 10 years from now, you probably don't," she said.
Why It Matters: Despite Godwin&#8217;s view on frequent job switching, research shows Gen Z is approaching corporate life with a vastly different attitude than previous generations. Gen Z has a clear <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46129668/gen-zs-gig-economy-mindset-prioritizing-flexibility-skill-development-and-work-life-balance-in-corporate-america">gig economy mindset</a> when it comes to working in corporate America, as noted by experts in a recent report.
Financial influencer Vincent Chan, meanwhile, believes that staying at the same job is the <a href="https://www.benzinga.com/personal-finance/management/25/06/45793441/vincent-chan-reveals-the-top-financial-mistake-people-make-64-of-job-hoppers-say-switching-jobs-actually-leveled-up-their-career-faster">biggest financial mistake</a> you can make. Job hopping may be scary, but it can also lead to higher earnings, he says.
That said, the numbers suggest that frequent job-hopping has its downsides as well. Research shows someone who switches jobs every two years in their twenties could forfeit <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/45852450/american-job-hobbers-are-silently-bleeding-retirement-savings-a-problem-big-enough-to-alarm-the-likes-of-suze-orman">more than $90,000</a> in retirement savings, an amount which is nearly the median U.S. nest egg.
Photo Courtesy: AnnaStills on Shuttertsock.com
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</ul>

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Gen Z Loves Job-Hopping, But This Boss Who Stayed In The Same Company For 35 Says There's An Upside To Staying Put

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has added nearly $25 billion to his net worth year to date as the chip giant's market value surges past tech titans to become the <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46253485/nvidia-stock-hits-new-all-time-highs-whats-driving-the-record-breaking-run">most valuable company</a> in the world — but he's still trailing just behind former Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Steve Ballmer.
What Happened: Nvidia hit an all-time high on Thursday, closing with a market capitalization of $3.88 trillion, edging out Microsoft and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to take the top spot globally.
The rally came amid broader gains across U.S. equity markets, fueled by stronger-than-expected labor market data that eased recession fears.
The Bloomberg Billionaires <a href="https://www.bloomberg.com/billionaires/">Index</a> shows Huang's net worth has grown to $139 billion year-to-date — an increase of $24.8 billion — placing him tenth among the world's richest people.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46256702/sundar-pichai-next-trumps-next-big-tech-payday-could-be-from-youtube-after-settling-lawsuits-with-meta-and-x-productive-discussions-underway">Sundar Pichai Next? Trump&#8217;s Next Big Tech Payday Could Be From YouTube After Settling Lawsuits With Meta And X: &#8216;Productive Discussions&#8217; Underway</a>
Former Microsoft chief Ballmer, also benefiting from the tech surge, sits in fifth place with $172 billion, after gaining $25.5 billion this year.
Analysts, including Wedbush Securities&#8217; Dan Ives, predict Nvidia and Microsoft could be the first companies to <a href="https://www.benzinga.com/markets/tech/25/07/46188671/nvidia-microsoft-on-track-to-achieve-4-trillion-market-cap-says-analyst-dan-ives-tech-bull-market-is-still-early">reach a $4 trillion</a> valuation this summer.
The optimism is largely fueled by the global AI boom, in which Nvidia plays a foundational role through its dominance in graphics processing units (GPUs).
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Why It's Important: Nvidia's rise reflects broader trends in technology, AI infrastructure and government policy. The <a href="https://www.benzinga.com/markets/equities/25/07/46251714/wall-street-today-stock-market-news-thursday-nvidia">House and Senate passed</a> "One Big Beautiful Bill," which increased tax credits for semiconductor manufacturing from 25% to 35% for facilities expanding domestic production by 2026.
The company also stands to benefit from strong technical indicators. The VanEck Semiconductor ETF (SMH), where Nvidia accounts for over 21%, has formed a "Golden Cross" — a bullish signal suggesting <a href="https://www.benzinga.com/markets/tech/25/07/46230357/nvidia-taiwan-semiconductor-broadcom-drive-chip-stocks-to-a-golden-cross-will-history-repeat-with-145-rally">continued upward momentum</a>.
Price Action: Nvidia shares climbed 1.33% during Thursday's regular session but dipped 0.056% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>. The stock is up 15.20% so far this year and has gained 24.21% over the past 12 months.
Benzinga's Edge Stock Rankings show that NVDA maintains a solid upward trend across the short, medium and long term. While its value ranking remains relatively weak at 6.92, its momentum and growth scores are strong. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance metrics are available here</a>.
<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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03222002/Screenshot-2025-07-04-at-7.43.30%E2%80%AFAM.png" alt="" class="wp-image-972724" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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.

Jensen Huang's Wealth Has Shot Up $25 Billion In 2025 As Nvidia Solidifies Position As The World's Most Valuable Company, But Steve Ballmer Is Still Giving Him A Run For His Money

Ahead of the Fourth of July Holiday weekend, U.S. stock markets closed higher on Thursday, with the Dow Jones Industrial Average climbing 0.8% to 44,828.53 and the S&amp;P 500 also advancing 0.8% to 6,279.35. The Nasdaq posted a nearly 1% gain, finishing at 20,601.10. These are the top stocks that gained the attention of retail traders and investors throughout the day:
NVIDIA Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
NVIDIA&#8217;s stock saw a 1.33% increase, closing at $159.34. The intraday high and low were $160.98 and $157.77, with a 52-week high and low of $160.98 and $86.63. The tech giant <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46253485/nvidia-stock-hits-new-all-time-highs-whats-driving-the-record-breaking-run">solidified its position</a> as the world&#8217;s most valuable company, reaching a market capitalization of $3.89 trillion. This surge was part of a broader rally in U.S. stocks, which was fueled by stronger-than-expected labor market data. 
CrowdStrike Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)
CrowdStrike&#8217;s stock rose by 3.63%, closing at $514.10. The intraday high and low were $517.98 and $499.99, with a 52-week high and low of $517.98 and $200.81. Wedbush Securities analyst Dan Ives <a href="https://www.benzinga.com/markets/equities/25/07/46242132/crwd-stock-could-soar-16-says-wedbushs-dan-ives-coming-in-very-strong-with-healthy-momentum">raised the price target</a> for CrowdStrike to $575, signaling robust optimism about the cybersecurity leader&#8217;s trajectory. 
Wolfspeed Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>)
Wolfspeed&#8217;s stock surged by 52.63%, closing at $1.18. The intraday high and low were $1.35 and $0.80, respectively, with a 52-week high and low of $25.49 and $0.39. The company announced that it has <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46250870/why-wolfspeed-wolf-stock-is-extremely-volatile-today">initiated a pre-packaged Chapter 11 bankruptcy filing</a>, pursuing a strategic restructuring to significantly strengthen its financial position. <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46250870/why-wolfspeed-wolf-stock-is-extremely-volatile-today">Read more on Benzinga.</a>
Cadence Design Systems Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>)
Cadence Design Systems&#8217; stock rose by 5.10%, closing at $326.81. The intraday high and low were $330.09 and $321.38, respectively, with a 52-week high and low of $330.09 and $221.56. The U.S. Department of Commerce <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46245890/cadence-design-systems-synopsys-shares-rise-as-us-lifts-chip-design-restrictions-on-china">rescinded China export restrictions</a>, which led to a rise in the shares of the chip design firm. 
Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)
Microsoft&#8217;s stock increased by 1.58%, closing at $498.84. The intraday high and low were $500.13 and $493.44, respectively, with a 52-week high and low of $500.76 and $344.79. The company <a href="https://www.benzinga.com/markets/tech/25/07/46226585/microsoft-cuts-9000-jobs-in-second-2025-layoff">cut 9,000 jobs</a> in its second 2025 layoff round while investing $80 billion in AI data centers this fiscal year. 
Benzinga&#8217;s Edge Stock Rankings show Microsoft has a Value in the 13th percentile. For the complete picture on the stock, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">click here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="760" height="100" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03215749/Screenshot-2025-07-04-at-10.57.14.png" alt="" class="wp-image-972714" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03215749/Screenshot-2025-07-04-at-10.57.14.png 760w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03215749/Screenshot-2025-07-04-at-10.57.14-300x39.png 300w" sizes="(max-width: 760px) 100vw, 760px" /></a></figure>
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Photo Courtesy: khunkornStudio via Shutterstock Read Next: 
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

CDNS

CRWD

WOLF

Nvidia, Crowdstrike, Wolfspeed, Cadence Design Systems And Microsoft: Why These 5 Stocks Are On Investors' Radars Today

Donald Trump has turned his attention to Alphabet Inc. (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>) as settlement talks progress in <a href="https://www.benzinga.com/news/24/07/39759624/meta-removes-heightened-penalties-on-donald-trumps-accounts-a-day-after-ex-president-threatens-to-pu">his lawsuit against</a> YouTube, a subsidiary of Google, following multimillion-dollar payouts from Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and X, formerly Twitter, over similar claims of political censorship.
What Happened: Trump sued YouTube, along with its CEO Sundar Pichai, in 2021 after the platform banned his account in the wake of the Jan. 6 Capitol riot.
The lawsuit alleges that YouTube engaged in "impermissible censorship" under pressure from U.S. political leaders, violating Trump's First Amendment rights.
Court filings from late May reveal that both sides are now in "productive discussions" and requested a delay in proceedings until Sept. 8, <a href="https://thehill.com/policy/technology/5384572-youtube-trump-january-6-ban-lawsuit/">reported</a> The Hill.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46132007/amazon-google-not-far-behind-but-dan-ives-says-microsoft-clearly-leading-in-these-segments-600-price-target-is-probably-conservative" target="_blank" rel="noreferrer noopener">Amazon, Google Not Far Behind, But Dan Ives Says Microsoft ‘Clearly Leading' In These Segments — $600 Price Target Is ‘Probably' Conservative</a> &nbsp;"The parties have engaged in productive discussions regarding next steps in this case, with additional discussions anticipated in the near future," the filing stated.
Why It's Important: Earlier this year, Mark Zuckerberg's Meta <a href="https://www.benzinga.com/news/legal/25/01/43325503/mark-zuckerbergs-meta-pays-trump-25-million-to-settle-lawsuit-over-facebook-instagram-ban-after-jan-6-riot-a-big-year-for-redefining-our-relationships-with-governments">paid $25 million</a> and Elon Musk's X paid <a href="https://www.benzinga.com/news/legal/25/02/43680987/elon-musks-x-to-pay-trump-10-million-over-twitter-ban-after-zuckerbergs-meta-coughed-up-25-million-who-else-is-left">$10 million to settle</a> similar lawsuits with Trump.
Earlier this week, Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) also agreed to pay <a href="https://www.benzinga.com/news/legal/25/07/46212970/trump-wins-16-million-settlement-from-paramount-over-cbs-60-minutes-kamala-harris-interview-but-no-apology-issued">$16 million to resolve</a> a lawsuit brought by Trump regarding a "60 Minutes" interview featuring then–Vice President Kamala Harris.
However, the company did not offer an apology or acknowledge any wrongdoing as part of the settlement.
Price Action: Alphabet Inc.'s Class A shares slipped 0.017% in after-hours trading, and its Class C shares edged down 0.0055%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show a favorable trend for GOOGL across the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03212155/Screenshot-2025-07-04-at-6.48.38%E2%80%AFAM.png" alt="" class="wp-image-972702" /></a></figure>
Photo Courtesy: Joey Sussman on Shutterstock.com
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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.

Legal

PARA

PARAA

Sundar Pichai Next? Trump's Next Big Tech Payday Could Be From YouTube After Settling Lawsuits With Meta And X: 'Productive Discussions' Underway

Editor's Note: The headline in this story has been updated to reflect Strategy's recent name change. Crypto analyst Willy Woo recently proposed a unique strategy for creating a U.S. strategic reserve, which includes the nationalization of the Michael Saylor co-founded Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>).
What Happened:&nbsp;In an X post on Wednesday, Woo outlined his hypothetical playbook for establishing a U.S. strategic reserve. 
He suggested revaluing&nbsp;the gold strategic reserve to&nbsp;market price and selling it for cash. The next step, according to Woo, would be to nationalize Strategy Inc., especially during a bear market when mNAV is low, and pay all shareholders fair value. This would allow for bulk Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) purchases&nbsp;without driving up the&nbsp;price.
<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">If I was to create a US strategic reserve, this would be my playbook. 1) Revalue the gold strategic reserve to market price, sell it for cash 2) Nationalise MSTR, ideally when mNAV is low during a bear market, pay out all shareholders fairvalue. This is bulk BTC purchase…
&mdash; Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1940864120276111400?ref_src=twsrc%5Etfw">July 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Woo further explained that Strategy shareholders would then scramble&nbsp;to buy back their BTC&nbsp;exposure,&nbsp;driving up the price exponentially.&nbsp;The remaining cash could then be used to buy more BTC. Lastly, Woo proposed announcing an X-prize style competition for&nbsp;the US private space industry&nbsp;to mine near-Earth asteroids&nbsp;for commodities.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46238065/vlad-tenev-says-openai-spacex-tokens-not-technically-equity-after-chatgpt-parent-questions-giveaway-robinhood-ceo-calls-it-seed-for-something-bigger">Vlad Tenev Says OpenAI, SpaceX Tokens Not &#8216;Technically&#8217; Equity After ChatGPT Parent Questions Giveaway, Robinhood CEO Calls It &#8216;Seed&#8217; For Something Bigger</a> Why It Matters:&nbsp;Strategy has been making significant strides in the cryptocurrency space.&nbsp;According to Tom Lee, head of research at Fundstrat Global Advisors, the company could <a href="https://www.benzinga.com/crypto/25/06/46089976/tom-lee-says-microstrategy-could-outpace-bitcoin-gains-goes-up-a-lot-more-as-btc-rallies">potentially outperform</a> Bitcoin itself as the cryptocurrency rallies. Furthermore,&nbsp;Strategy Inc. recently acquired an <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45949930/strategy-acquires-1-05-billion-in-bitcoin-pushes-holdings-to-592100-btc-with-19-1-yield-in-2025">additional</a> 10,100 Bitcoin. 
Currently, Strategy is the largest corporate holder of Bitcoin with 576,230 coins in its stockpile, which are valued at $40.2 billion, according to data from Coingecko. Other large holders of the apex cryptocurrency include Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>). 
Price Action: On Thursday, Strategy stock closed 0.4% higher at $403.99. Since the year began, it has shot up 35%. Bitcoin rose 0.5% to $109.483.89, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro.</a>
Benzinga's Edge Stock Rankings indicate Strategy has a Momentum in the 97th percentile. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how it ranks</a> on other parameters.
<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="444" height="276" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03210023/Screenshot-2025-07-04-at-10.00.04.png" alt="" class="wp-image-972693" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03210023/Screenshot-2025-07-04-at-10.00.04.png 444w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03210023/Screenshot-2025-07-04-at-10.00.04-300x186.png 300w" sizes="(max-width: 444px) 100vw, 444px" /></a></figure>
Photo courtesy: PJ McDonnell / Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

MARA

MSTR

RIOT

Nationalize Michael Saylor's Strategy? Crypto Analyst's Nuclear Option 'Playbook' For US Bitcoin Dominance (CORRECTED)

California Governor Gavin Newsom (D) is set to embark on a South Carolina tour next week, sparking rumors about his potential presidential run in 2028.
What Happened: Newsom is scheduled to meet voters and tour several rural counties in South Carolina. The South Carolina Democratic Party announced the two-day tour, named &#8220;On the Road With Governor Gavin Newsom&#8221;, which will take place next week on Tuesday and Wednesday, <a href="https://thehill.com/homenews/campaign/5384839-newsom-traveling-south-carolina-amid-2028-speculation/">reported</a> The Hill.
Newsom will be visiting counties including Florence, Marion, Chesterfield, Kershaw, Oconee, Pickens, and Laurens. State party chair, Christale Spain, emphasized that the visit aims at &#8220;building partnerships, uplifting communities, and showing rural voters they aren't forgotten.&#8221;
Newsom, the leader of America&#8217;s largest economy and the world&#8217;s fourth-largest, had previously visited South Carolina in early 2024. He is frequently mentioned as a top contender for the Democrats&#8217; 2028 presidential nominee.
South Carolina was selected in 2022 as the first voting state in the party&#8217;s presidential nominating calendar, starting with the 2024 presidential election. 
See Also: <a href="https://benzinga.com/news/politics/25/07/46240478/trumps-big-beautiful-bill-advances-as-house-gop-squeezes-out-219-213-win" target="_blank" rel="noreferrer noopener">Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Advances As House GOP Squeezes Out 219-213 Win</a>
Why It Matters: Newsom&#8217;s recent disagreements with President Donald Trump over immigration raids in Los Angeles have boosted his popularity. Tensions escalated after Trump backed the idea of arresting Newsom amid the then-ongoing immigration protests in Los Angeles. 700 Marines were deployed and California sued the Trump administration over federalization of the California National Guard.
Newsom&#8217;s South Carolina tour is not his first. In 2024, he embarked on a three-day campaign swing in South Carolina and Nevada, <a href="https://www.benzinga.com/news/24/01/36707575/gov-newsom-to-tour-south-carolina-and-nevada-in-support-of-biden-with-focus-on-rallying-rural-voters">rallying support</a> for President Joe Biden and focusing on engaging rural voters in key states.
Newsom&#8217;s political rivalry with Florida Governor Ron DeSantis (R) is also noteworthy. In 2023, Newsom suggested that DeSantis <a href="https://www.benzinga.com/news/23/09/34964420/gavin-newsom-believes-ron-desantis-regrets-running-for-president-he-took-the-bait">regretted his decision</a> to run for presidency.
Photo Courtesy: Sheila Fitzgerald on Shuttertsock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Gavin Newsom Is Going To South Carolina Next Week To Remind Rural Voters There They Aren't Forgotten, Presidential Run In 2028 On The Cards?

A divorced mother is facing a $24,000 Social Security overpayment notice — and she says she's just as shocked as anyone.
The woman, who <a href="https://www.reddit.com/r/SocialSecurity/comments/1lisnku/ssi_overpayment/">posted</a> on Reddit's r/SocialSecurity forum, explained that she had been receiving monthly benefits on behalf of her 16-year-old son. These payments were tied to her ex-husband's Social Security disability claim. But now, the Social Security Administration is demanding she pay it all back.
<h2 class="wp-block-heading">A Surprise Debt: &#8216;I Had NO Clue&#8217;</h2>
"My ex-husband and I have been divorced for 13 years," the mother wrote. "We share custody of a 16-year-old." And she is the custodial parent.&nbsp;
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<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. </a></li>
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For nearly two years, she received <a href="https://www.benzinga.com/personal-finance/management/25/06/46056038/still-working-at-69-eligible-for-social-security-should-he-keep-waiting-or-claim-now">benefits</a> for her son — known as auxiliary benefits, which are available to children of certain disabled parents. The catch? The ex-husband had reportedly returned to work during that time without informing SSA, making him ineligible for disability — and by extension, making their son ineligible for the auxiliary payments.
"I had NO clue what my ex was doing," she added. "And I have no way of repaying $20,000+ in 30 days."
<h2 class="wp-block-heading">Why the SSA Is Seeking Repayment</h2>
Overpayments can happen when someone receives more benefits than they are eligible for. According to the <a href="https://www.ssa.gov/ssi/text-overpay-ussi.htm">SSA</a>, reasons can include unreported income, changes in living arrangements, or no longer meeting disability requirements.
Even though the overpayment was triggered by the ex-husband's failure to report his work activity, the notice went to the custodial parent who had received the funds on the child's behalf. Under SSA rules, representative payees — those who receive benefits on behalf of another person — can be held responsible if an <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46131760/i-thought-i-could-still-work-a-little-retiree-hit-with-surprise-9648-social-security-overpayment-notice">overpayment</a> occurs.
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<h2 class="wp-block-heading">What Can She Do Now?</h2>
Reddit commenters were quick to suggest next steps:
<ul class="wp-block-list">
<li>Ask for a waiver: The SSA allows individuals to request a waiver of overpayment if they believe the overpayment was not their fault and repaying it would cause financial hardship. To qualify, the recipient must also show that they didn't know — or couldn't have known — the payments were incorrect.</li>
<li>File an appeal: If the mom believes she shouldn't owe the money or that the amount is incorrect, she can request a reconsideration. If filed within 60 days of receiving the notice, benefit payments may continue while the SSA makes a decision.</li>
<li>Request reassignment of the debt: "Ask the person handling your case to assign the overpayment to your husband since it is 100 percent on him," one Reddit user advised.</li>
</ul>
Another wrote, "This is a textbook case for getting a waiver. Your kid should not be responsible for something your ex did."
See Also: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — <a href="https://www.benzinga.com/money/meet-the-company-seeking-to-give-americans-energy-independence-and-learn-how-you-can-become-an-early-investor">Now Raising at $3/Share</a>
<h2 class="wp-block-heading">Know Your Rights as a Payee</h2>
This situation highlights a growing concern among beneficiaries who receive funds on behalf of someone else — especially minors. If you're a <a href="https://www.benzinga.com/personal-finance/management/25/06/46073802/she-thought-her-ssi-ended-at-18-now-shes-worried-her-mom-may-still-be-collecting-it">representative payee</a>, it&#8217;s important to understand the conditions that can impact benefit eligibility and to stay informed about the primary recipient's status.
Read Next: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
Image: Shutterstock

Personal Finance

'I Had NO Clue What My Ex Was Doing' – Divorced Mom Says She Owes $24,000 Because Her Ex Collected Disability While Secretly Working

S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) has outperformed the market over the past 10 years by 6.28% on an annualized basis producing an average annual return of 18.11%. Currently, S&amp;P Global has a market capitalization of $162.42 billion. 
Buying $100 In SPGI: If an investor had bought $100 of SPGI stock 10 years ago, it would be worth $523.12 today based on a price of $529.61 for SPGI at the time of writing.
<h3>S&amp;P Global's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751586311_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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SPGI

$100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) has outperformed the market over the past 15 years by 15.29% on an annualized basis producing an average annual return of 27.71%. Currently, First BanCorp has a market capitalization of $3.54 billion. 
Buying $100 In FBP: If an investor had bought $100 of FBP stock 15 years ago, it would be worth $3,379.04 today based on a price of $21.93 for FBP at the time of writing.
<h3>First BanCorp's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751585416_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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