Dernières nouvelles pour Hut 8 (NASDAQ:HUT) Stock

HUT 8 CORP

Hut 8

Hut 8 Mining

Hut 8 Corp is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. The company has four reportable business segments: Power, Digital Infrastructure, Compute, and Other. It derives maximum revenue from the Compute segment which consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. Its geographical segments include the United States and Canada, of which it generates the majority of revenue from the United States.

Hut 8 Corp

HUTCHISON TLCM UNSP/ADR by Hutchison Telecommunications Hong Kong Holdings Ltd.

Hutchison Telecommunications Hong Kong Holdings Ltd

HUTN Inc

HUTCHMED (China) Limited - American Depositary Shares

HUTCHMED (China) Ltd

HUTCHMED CHINA LTD by Hutchison China Ltd.

HUTECH21 CO LTD NEW by Hutech21 Co., Ltd.

HUTCHISON PORT HLDGS TR by Hutchison Port Holdings Trust

Hutchison Port Holdings Trust

HUTCHISON PORT H UNSP/ADR by Hutchison Port Holdings Trust

HUTCHISON TELECM HK HLDGS by Hutchison Telecommunications Hong Kong Holdings Ltd.

<a href="https://www.wsj.com/business/logistics/china-threatens-to-block-panama-ports-deal-unless-its-shipping-giant-is-part-of-it-a88fd77d#:~:text=China%20threatens%20to%20block%20the,ports%20at%20the%20Panama%20Canal" title="https://www.wsj.com/business/logistics/china-threatens-to-block-panama-ports-deal-unless-its-shipping-giant-is-part-of-it-a88fd77d#:~:text=China%20threatens%20to%20block%20the,ports%20at%20the%20Panama%20Canal">https://www.wsj.com/business/logistics/china-threatens-to-block-panama-ports-deal-unless-its-shipping-giant-is-part-of-it-a88fd77d#:~:text=China%20threatens%20to%20block%20the,ports%20at%20the%20Panama%20Canal</a>.

News

The Wall Street Journal Reported China Pushing for Cosco to Be Equal Partner, Shareholder With BlackRock, MSC; China Threatens to Block Sale of More than 40 Ports to BlackRock, MSC if Cosco Doesn't Get Stake

Piper Sandler analyst Brent Bracelin maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Neutral and raises the price target from $208 to $240.

Price Target

Analyst Ratings

APPF

Piper Sandler Maintains Neutral on AppFolio, Raises Price Target to $240

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is facing criticism from New York state officials over a bylaw change that restricts shareholder lawsuits.
What Happened: The electric vehicle manufacturer revised its corporate bylaws in May, necessitating investors to hold at least 3% of the stock, valued at around $30 billion today, to file a derivative lawsuit for breach of fiduciary duties against the company. This change has drawn the ire of New York state officials, who are now demanding that Tesla scrap the bylaw altogether, <a href="https://www.cnbc.com/2025/07/16/tesla-change-to-limit-shareholder-suits-slammed-by-new-york-officials.html">reported</a> CNBC.
On July 11, the New York State Common Retirement Fund — which owns about 0.1% of Tesla's shares — submitted a formal proxy proposal and letter to the company, accusing Tesla of using a "bait-and-switch" strategy to gain shareholder approval for its relocation from Delaware to Texas in June 2024.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46444255/forget-dogecoin-shiba-inu-heres-which-coin-the-memecoin-supercycle-analyst-is-betting-on-instead" target="_blank" rel="noopener">Forget Dogecoin, Shiba Inu: Here&#8217;s Which Coin The &#8216;Memecoin Supercycle&#8217; Analyst Is Betting On Instead</a>
The move followed a Delaware judge's decision to void the $56 billion compensation package granted to CEO Elon Musk in 2018.
New York officials allege that Tesla misled shareholders by promising their rights would remain intact under Texas law, only to amend its bylaws the day after Texas introduced a rule requiring 3% ownership to file shareholder derivative lawsuits.
According to New York officials, these actions effectively protect Tesla's directors and executives from being held accountable by shareholders.
The letter, representing both the retirement fund and New York State Comptroller Thomas DiNapoli, was signed by Gianna McCarthy, the fund's director of corporate governance.
Why It Matters: The bylaw change by Tesla has sparked a significant controversy, especially in light of the ongoing tensions between Musk and the U.S. government.
Major investors have <a href="https://www.benzinga.com/markets/tech/25/07/46335587/tesla-investors-call-for-shareholder-meeting-amid-elon-musk-trump-feud-declining-sales-report">urged the company&#8217;s Board of Directors</a> to hold the annual shareholders meeting amid the escalating feud between Musk and President Donald Trump. The meeting is now set for November 6th, with Musk&#8217;s $56 billion pay package expected to be a <a href="https://www.benzinga.com/markets/tech/25/07/46359669/teslas-annual-shareholder-meeting-set-for-november-6th-dan-ives-says-elon-musks-pay-package-in-the-spotlight">key focus of the discussions</a>.
Meanwhile, veteran investor Gary Black has suggested that a <a href="https://www.benzinga.com/markets/tech/25/07/46435076/gary-black-says-shareholder-vote-the-fairest-way-to-decide-on-tesla-xai-merger-questions-elon-musks-plans-to-sell-xai-likely-to-grow">shareholder vote would be the fairest way</a> to decide on a potential merger between Tesla and xAI, questioning Musk&#8217;s plans to sell xAI.
Price Action: Tesla closed Wednesday at $321.67, up 3.50%, and edged higher to $322.60 in pre-market trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next: 
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<li><a href="https://benzinga.com/real-estate/25/07/46458782/barbara-corcoran-who-sold-her-real-estate-empire-for-66-million-decades-ago-says-this-is-the-most-und" target="_blank" rel="noopener">Barbara Corcoran, Who Sold Her Real Estate Empire For $66 Million Decades Ago, Says This Is The &#8216;Most Under-Utilized&#8217; Tool In The Workplace</a></li>
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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: Ken Wolter / Shutterstock.com

Tech

TSLA

Elon Musk's Tesla Under Fire From New York Officials Over Bylaw Blocking Shareholder Lawsuits: Investor Calls It 'Bait-and-Switch'

On Thursday, South Korea's Supreme Court cleared Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) chairman Jay Y. Lee of stock <a href="https://www.benzinga.com/news/management/25/02/43440540/samsungs-jay-y-lee-acquitted-shifting-focus-to-business-challenges">manipulation and accounting fraud charges</a> related to a 2015 merger, ending a nearly decade-long legal battle.
What Happened: The ruling upholds a lower court decision that dismissed all charges against Lee involving the $8 billion merger between Samsung C&amp;T and Cheil Industries, reported Reuters.
Prosecutors had alleged the deal was orchestrated to solidify Lee's control over Samsung Group following his father's incapacitation in 2014.
Lee's legal team welcomed the outcome, stating that the court confirmed the legality of the merger. The Korea Enterprises Federation also praised the verdict, calling it a stabilizing move for South Korea's economy, the report added.
See Also:&nbsp;<a href="https://www.benzinga.com/news/education/25/06/45983347/jensen-huang-gave-12-6-million-to-charity-then-nvidias-stock-made-it-billions" target="_blank" rel="noreferrer noopener">Jensen Huang Gave $12.6 Million To Charity, Then Nvidia&#8217;s Stock Made It Billions</a>
"The Supreme Court ruling clears a layer of legal uncertainty, which could be a long-term positive for Samsung," said Ryu Young-ho, senior analyst at NH Investment &amp; Securities. "It remains to be seen how directly and proactively he will engage going forward."
Samsung Electronics shares jumped 3.1% following the decision, outperforming the broader KOSPI index. Analysts also cited a downgrade of rival SK Hynix by Goldman Sachs as a factor in the stock movement, the report added.
Why It's Important: Samsung, which warned of a <a href="https://www.benzinga.com/markets/tech/25/07/46288786/us-export-bans-and-nvidia-supply-issues-crush-samsung-chip-profits-hopes-rest-on-ultra-thin-foldables-smartwatches-and-possible-xr-debut-at-galaxy-unpacked-event">56% drop in the second-quarter</a> operating profit, is under pressure to regain momentum in AI chip development and revive its struggling semiconductor division.
In 2024, during his two-week trip to the U.S., Lee held meetings with Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg, Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Andy Jassy and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) CEO Cristiano Amon.
Their discussions focused on collaboration opportunities in artificial intelligence, cloud services, and semiconductors.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46127671/amazon-loses-top-ai-leader-in-high-stakes-talent-shuffle" target="_blank" rel="noreferrer noopener">Amazon Loses Top AI Leader In High-Stakes Talent Shuffle</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Sybillla / Shutterstock.com

AMZN

QCOM

SSNLF

Samsung Chairman Jay Y. Lee Acquitted Of Stock Manipulation By South Korea's Supreme Court

Macro Economic Events

Econ #s

Economics

Eurozone Consumer Price Index (YoY) For June 2.0% Vs. 2.0% Est.; 1.9% Prior

Eurozone Consumer Price Index (MoM) For June 0.3% Vs. 0.3% Est.; 0.0% Prior

Eurozone Core Consumer Price Index (YoY) For June 2.3% Vs. 2.3% Est.; 2.3% Prior

The Trump administration has decided to withdraw $4 billion in federal funding from California&#8217;s high-speed rail project, citing excessive costs and unmet promises.
What Happened:&nbsp;President&nbsp;Donald Trump&nbsp;announced via his Truth Social account on Wednesday that the U.S. Department of Transportation is retracting the $4 billion in government funding allocated for California&#8217;s high-speed rail project. Trump criticized the project as being &#8220;severely overpriced, overregulated, and never delivered.&#8221;
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="606" height="428" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17041031/image-211.png" alt="" class="wp-image-989186" style="width:381px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17041031/image-211.png 606w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17041031/image-211-300x212.png 300w" sizes="(max-width: 606px) 100vw, 606px" /></figure>
The Transportation Department also stated that there was no feasible way forward for the high-speed rail project, and it is contemplating the potential withdrawal of additional funding, describing the project as &#8220;grossly over budget,&#8221; reported Reuters.
The Federal Railroad Administration&#8217;s report last month highlighted missed deadlines, budget shortfalls, and questionable ridership projections. It revealed that California had not secured the additional $7 billion required to construct the&nbsp;initial 171-mile segment between Merced&nbsp;and Bakersfield, and no track has been laid for the project.
The California High-Speed Rail System, a two-phase project aimed at linking San Francisco&nbsp;to Los Angeles and Anaheim, has seen its budget balloon from an initial $33 billion to $128 billion. The project has been criticized for not identifying an additional $7 billion needed for an initial segment and for not commencing track laying.
California officials have denounced the move, with Governor&nbsp;Gavin Newsom&nbsp;calling it illegal and vowing to explore all options to fight it.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/07/46437104/trump-set-to-sign-executive-order-to-unlock-401k-access-for-private-equity-giants-l" target="_blank" rel="noreferrer noopener">Trump Set To Sign Executive Order To Unlock 401(k) Access For Private Equity Giants Like Blackstone, Apollo: Report</a>
Why It Matters: The Trump administration&#8217;s decision to revoke funding for the high-speed rail project comes amid a series of legal and policy clashes with California. 
Earlier in July, the Trump administration&nbsp;sued California over its <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46336626/trump-administration-sues-gavin-newsom-other-state-officials-over-californias-egg-laws-driving-up-prices-nationwide-unnecessary-red-tape">egg regulations</a>, blaming the state for a nationwide surge in egg prices. This move further intensifies the ongoing tensions between the federal government and the state.
Meanwhile, California has been pushing forward with significant legislative changes, including&nbsp;<a href="https://www.benzinga.com/markets/25/07/46425085/california-just-fast-tracked-housing-construction-newsom-says-its-a-game-changer-critics-say-its-dev">fast-tracking housing construction</a>&nbsp;to address its housing crisis. The withdrawal of federal funding for the high-speed rail project is likely to have a substantial impact on California&#8217;s infrastructure and transportation plans.
READ MORE:
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<li><a href="https://www.benzinga.com/real-estate/25/07/46266129/california-urban-housing-development-exempted-from-ceqa-a-game-changer">California Urban Housing Development Exempted From CEQA: A Game Changer?</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Trump Cancels $4 Billion Funding For California High-Speed Rail Project, Calls It 'Disastrously Overpriced'

U.S. Transportation Secretary Sean Duffy says that the government would require an additional influx of $19 billion to overhaul the dated Air Traffic Control System in the U.S.
What Happened: "We are going to need more money from the Congress," Duffy said at a U.S. House Transportation and Infrastructure Committee hearing, Reuters reported on Wednesday.
Duffy added that it would take over $31.5 billion to undertake the project. Lawmakers in the U.S. have already approved a $12.5 billion funding package for the overhaul over President Donald Trump's current 5-year term.
The administration plans to upgrade radar and telecommunications equipment, air traffic control towers, among other things.
On the other hand, the FAA wants new radios and plans to replace 618 radar systems and install anti-collision tarmac technology at 200 airports, the report suggests.
Why It Matters: The news comes as the nomination of Trump's pick to lead the FAA, Bryan Bedford, was <a href="https://www.benzinga.com/news/politics/25/07/46336395/senate-confirms-trump-pick-bryan-bedford-as-faa-chief-even-as-chuck-schumer-warns-he-will-prioritize-profits-over-passenger-safety">confirmed by the Senate</a>. Bedford has also vowed to upgrade the U.S.'s aging ATC infrastructure.
However, Bedford's nomination has been criticized by the Democrats, as Sen. Chuck Schumer (D-N.Y.) has slammed the GOP for prioritizing <a href="https://www.benzinga.com/news/politics/25/07/46311783/chuck-schumer-slams-trumps-faa-chief-pick-bryan-bedford-over-1500-hour-rule-he-will-weaken-safety-standards">profits over passenger safety</a> with Bedford's nomination over the 1,500-hour flight training rule.
Elsewhere, as the probe into Air India's Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 787-Dreamliner crash in India's Ahmedabad last month continues, the FAA has said that the<a href="https://www.benzinga.com/news/topics/25/07/46384959/faa-boeing-say-fuel-switch-locks-on-787-dreamliner-are-safe-amid-air-india-crash-probe"> fuel switch locks</a> in Boeing aircraft are safe, despite issuing an advisory for airlines to conduct checks on the same in 2018.
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/equities/25/07/46387516/boeing-stock-rises-premarket-despite-fuel-switch-checks-planned-by-south-korea-air-india-ceo-says-probe-far-from-over">Boeing Stock Rises Premarket Despite Fuel Switch Checks Planned By South Korea: Air India CEO Says Probe &#8216;Far From Over&#8217;</a></li>
</ul>
Photo courtesy: Joshua Sukoff / Shutterstock.com

Sean Duffy Says Trump Administration Would Require An Additional $19 Billion To Overhaul Air Traffic Control: 'Need More Money'

The latest Federal Reserve study of economic conditions reveals that businesses that did not raise prices or pass on the impact of tariffs to their customers are likely to take a hit on their profit margins.
What Happened: The <a href="https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm">Beige Book</a> is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts.
According to the central bank, this publication characterizes regional economic conditions and prospects based on a variety of qualitative information gathered directly from each District's sources. Reports are published eight times per year.
The latest edition of the Beige Book, covering the period from late May through early July, highlighted that most districts reported softer consumer spending as uncertainty weighed on consumers and business leaders. Also, ten out of twelve districts expect future economic activity to either flatline or soften in the coming months.
&#8220;Prices increased across Districts, with seven characterizing price growth as moderate and five characterizing it as modest, mostly similar to the previous report,&#8221; the Beige Book highlighted.
It also stated that &#8220;In all twelve Districts, businesses reported experiencing modest to pronounced input cost pressures related to tariffs, especially for raw materials used in manufacturing and construction.&#8221;
Commenting on this, Jeffrey Roach, the chief economist at LPL Financial, told <a href="https://www.benzinga.com">Benzinga</a> that &#8220;Investors should expect margin compression as businesses held off raising prices because of customers' growing price sensitivity.&#8221;
Highlighting how this could affect the consumers, he explained that the persistent cost pressures can increase the likelihood that prices will &#8220;start to rise later this summer&#8221; if businesses are successful in passing along higher input costs.
Roach also underscored that business leaders in several districts plan to postpone both hirings and layoff decisions until they get clarity about trade policy.
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46439852/aapl-stock-would-soar-if-it-buys-this-says-jim-cramer-continued-buybacks-will-do-nothing">AAPL &#8216;Stock Would Soar&#8217; If It Buys This, Says Jim Cramer: &#8216;Continued Buybacks Will Do Nothing&#8217;</a>
Why It Matters: While Roach&#8217;s macro quicktake was that Beige Book reveals &#8220;heavier margin compression&#8221; in the coming months, he asked the investors and consumers to be cautious.
The bottom line, according to Roach, was that &#8220;Overall business activity was up in the last month, but the outlook was slightly more pessimistic. We should be watchful for signs of margin compression at the business level, financial stress via rising delinquency rates, and a sluggish housing market as inventories rise.&#8221;
Price Action: The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 97.4% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
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, ended higher on Wednesday. The SPY was up 0.33% at $624.22, while the QQQ advanced 0.10% to $557.29, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the futures of the S&amp;P 500, Nasdaq 100, and Dow Jones indices were mixed.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46438576/nvidia-is-on-a-march-to-5-trillion-market-capitalization-says-dan-ives-as-he-predicts-bullish-environment-for-tech-and-crypto-very-strong-second-half" target="_blank" rel="noreferrer noopener">Nvidia Is ‘On A March To $5 Trillion' Market Capitalization, Says Dan Ives As He Predicts Bullish Environment For Tech And Crypto: ‘Very Strong Second Half'</a></li>
</ul>
Photo courtesy: Domenico Fornas / Shutterstock.com

Federal Reserve's Beige Book Reveals Tariff-Driven Profit Squeeze As Businesses Avoid Price Hikes — What It Means for Consumers

A long-time Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) bull, Tom Nash, is doubling down on the stock following its 434% rally over the past 12 months, with a new five-year price target of $1,000 a share, representing an upside of 562% from its current levels.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/PLTR" target="_blank" rel="noreferrer noopener">PLTR stock here.</a>
What Happened: On his YouTube channel on Tuesday, Nash stated bluntly, &#8220;this company is basically as good as they come,&#8221; highlighting the significant improvement in its finances over the past three years, starting with the 90% growth in its revenues, followed by earnings and free cash flow, growing at 200% and 500%, respectively. 
Nash notes that what was once labeled a &#8220;meme stock&#8221; in its early days has since seen a dramatic shift in its investor base, with institutional ownership climbing from 30% to nearly 60%, signaling growing conviction from traditional money managers. &#8220;It&#8217;s not even a retail queen anymore,&#8221; he adds.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46400815/meta-commits-hundreds-of-billions-to-build-massive-ai-clusters-in-race-for-superintelligence">Meta Commits &#8216;Hundreds Of Billions&#8217; To Build Massive AI Clusters In Race For Superintelligence</a>
According to Nash, Wall Street continues to be behind the curve when it comes to Palantir. &#8220;Wall Street never understood it. It doesn&#8217;t really understand it now except the fact that the price went up a little bit.&#8221;
He now says that his previous &#8220;$500 price target&#8221; for the stock is now his bear case scenario, which already represents an upside of 231%. Followed by a mid-case of $754, and finally a bullish price target of $1,000. &#8220;$500 is the lowest the stock can be in 5 years.&#8221;
He emphasized Palantir&#8217;s scalability, describing it as "literally the entire software infrastructure for running LLMs on a big business." Despite acknowledging valuation concerns, he urged long-term investors to stay focused on fundamentals, not fear-driven narratives.
&#8220;Never too late to buy good companies, good businesses, as long as you have a long-term horizon,&#8221; he concluded, citing investor Peter Lynch.
Why It Matters: Several other prominent experts and analysts have echoed a similar bullish consensus on Palantir in recent months.
Senior Analyst Dan Ives of Wedbush Securities refers to the stock as the &#8220;Messi of AI,&#8221; with a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45655507/tech-analyst-expects-palantir-stock-to-rise-above-400-as-ai-revolution-kicks-into-gear">price target of $400</a> a share, implying a trillion-dollar valuation. 
Investor Martin Shkreli, popularly referred to as &#8220;Pharma Bro,&#8221; says, &#8220;There's no reason they can't be a $10 trillion company,&#8221; since the company&#8217;s <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45716400/pharma-bro-martin-shkreli-sees-10-trillion-potential-in-palantir-but-cautions-one-bad-quarter-and-its-down-50">total addressable market</a> spans all of the Fortune 500 companies and their substantial inefficiencies.
However, not everyone&#8217;s on board, with <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">25 analysts tracked</a> by Benzinga having a &#8220;Sell&#8221; rating on the stock, with a consensus price target of $76.72, which is 49.76% below its current price. 
Price Action: Shares of Palantir were up 1.57% on Wednesday, trading at $150.91, and another 0.30% after hours.
<figure class="wp-block-image size-large 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="1024" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17034307/Screenshot-2025-07-17-at-1.12.57-PM-1024x151.png" alt="" class="wp-image-989130" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17034307/Screenshot-2025-07-17-at-1.12.57-PM-1024x151.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17034307/Screenshot-2025-07-17-at-1.12.57-PM-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17034307/Screenshot-2025-07-17-at-1.12.57-PM-768x113.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17034307/Screenshot-2025-07-17-at-1.12.57-PM.png 1530w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Palantir scores well on Momentum and Growth, while having a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock, its peers and competitors. 
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Photo courtesy: slyellow / Shutterstock.com

Equities

PLTR

Palantir Bull Sees 562% Upside: '$500 Is The Lowest The Stock Can Be In 5 Years' — Says Wall Street Still Doesn't Get It

<h3>Companies Reporting Before The Bell</h3>
• Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is estimated to report quarterly earnings at $2.37 per share on revenue of $30.04 billion. 
• Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $14.06 billion. 
• Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) is projected to report quarterly earnings at $3.44 per share on revenue of $11.49 billion. 
• GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $9.57 billion. 
• Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is likely to report quarterly earnings at $9.19 per share on revenue of $48.21 billion. 
• PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is expected to report quarterly earnings at $2.03 per share on revenue of $22.33 billion. 
• Insteel Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIIN#NYSE">IIIN</a>) is estimated to report quarterly earnings at $0.69 per share on revenue of $176.66 million. 
• Webster Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) is estimated to report quarterly earnings at $1.42 per share on revenue of $712.47 million. 
• Wipro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $2.58 billion. 
• Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) is likely to report quarterly earnings at $0.88 per share on revenue of $2.01 billion. 
• U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) is projected to report quarterly earnings at $1.07 per share on revenue of $7.06 billion. 
• Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) is projected to report quarterly earnings at $1.27 per share on revenue of $298.80 million. 
• Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) is expected to report quarterly earnings at $4.64 per share on revenue of $1.15 billion. 
• OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $181.50 million. 
• Marsh &amp; McLennan Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) is estimated to report quarterly earnings at $2.67 per share on revenue of $6.92 billion. 
• ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is expected to report quarterly earnings at $0.69 per share on revenue of $4.35 billion. 
• Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $2.22 billion. 
• Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is estimated to report quarterly earnings at $1.07 per share on revenue of $2.63 billion. 
• Bank7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSVN#NASDAQ">BSVN</a>) is projected to report quarterly earnings at $0.99 per share on revenue of $22.87 million. 
• Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is projected to report quarterly earnings at $1.25 per share on revenue of $11.04 billion. 
<h3>Companies Reporting After The Bell</h3>
• Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is estimated to report quarterly earnings at $7.06 per share on revenue of $11.05 billion. 
• Interactive Brokers Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $1.37 billion. 
• Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) is estimated to report quarterly earnings at $2.02 per share on revenue of $842.44 million. 
• F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) is likely to report quarterly earnings at $0.33 per share on revenue of $422.94 million. 
• Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $215.64 million. 
• Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) is estimated to report quarterly earnings at $1.52 per share on revenue of $421.11 million. 
• Metropolitan Bank Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) is estimated to report quarterly earnings at $1.69 per share on revenue of $72.69 million. 
• Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is expected to report quarterly earnings at $1.21 per share on revenue of $179.61 million. 
• Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is projected to report quarterly earnings at $0.75 per share on revenue of $135.49 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

BSVN

CTAS

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

FITB

IBKR

IIIN

INDB

NFLX

SFNC

TCBI

Earnings Scheduled For July 17, 2025

DeepMind founder and AI expert, Demis Hassabis, is reportedly set for a larger role within Google, potentially leading the company&#8217;s AI efforts. This comes amid the intensifying global race for AI dominance.
What Happened: Hassabis, who sold DeepMind to Alphabet&#8217;s Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) in 2014, has been increasingly involved in Google&#8217;s AI operations. After years of maintaining DeepMind&#8217;s independence, Google merged it with its internal AI initiatives in 2023, thrusting Hassabis into a central role, according to a <a href="https://www.businessinsider.com/deepmind-ceo-demis-hassabis-google-ai-future-2025-7">Business Insider report</a>.
Check out the current price of <a href="https://benzinga.com/quote/GOOG" target="_blank" rel="noreferrer noopener">GOOG stock here</a>.
Insiders close to Hassabis suggest he may soon have more control over the AI technology he develops, and could potentially lead the company. Hassabis, who originally envisioned the AI race being driven by academics and researchers, now faces the challenge of integrating AI into Google&#8217;s commercial products.
His responsibilities include managing a 6,000-strong team in Google&#8217;s AI division, which recently acquired the core team of AI coding startup Windsurf.  His potential ascent to the top of Google could further solidify the company&#8217;s position in the AI landscape.
&#8220;His rise reminds me of Sundar&#8217;s,&#8221; stated a longtime Google employee, drawing parallels between Hassabis and Google CEO Sundar Pichai.
A former Google executive expressed skepticism over Hassabis&#8217;s rise to the CEO position. &#8220;..being CEO would push him away from the things he wants to do. This guy wants to cure cancer.&#8221;
SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46447572/did-he-learn-nothing-trader-who-lost-100m-returns-with-high-leverage-bets-on-bitcoin" target="_blank" rel="noreferrer noopener">Did He Learn Nothing? Trader Who Lost $100M Returns With High-Leverage Bets On Bitcoin</a>
Why It Matters: Hassabis, a British cognitive neuroscience Ph.D., co-founded DeepMind in 2010 to build general-purpose AI. He sold it to Google in 2014 for $650 million, with the condition that an AI ethics board would oversee its technology.
In past interviews, Hassabis claimed he introduced Elon Musk to AI and credited himself with much of DeepMind co-founder Mustafa Suleyman's AI knowledge, highlighting his influence on key figures in the field.
Hassabis&#8217; potential rise to a more prominent role in Google&#8217;s AI operations comes at a time when he has been vocal about the future of AI. In June 2025, Hassabis <a href="https://www.benzinga.com/markets/tech/25/06/45740298/googles-demis-hassabis-says-ai-natives-have-very-valuable-jobs-waiting-for-them-but-they-need-to-study-these-subjects-at-school">emphasized</a> that AI will create new, &#8220;very valuable&#8221; roles and &#8220;supercharge&#8221; technically savvy individuals. He also <a href="https://www.benzinga.com/personal-finance/crowdsourcing/25/06/46139504/immerse-yourself-now-says-google-deepminds-demis-hassabis-why-gen-alpha-must-become-ai-ninjas-before-its-too-late">urged</a> Gen Alpha to immerse themselves in AI tools to ride the next wave of technology.
His cautious outlook on the arrival of artificial general intelligence (AGI), which he believes will come just after 2030, contrasts with Google co-founder Sergey Brin&#8216;s more optimistic timeline. This <a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar">difference in opinion</a> underscores the challenges and uncertainties surrounding the development and implementation of AI.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="781" height="124" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17031805/image-208.png" alt="" class="wp-image-989099" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17031805/image-208.png 781w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17031805/image-208-300x48.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17031805/image-208-768x122.png 768w" sizes="(max-width: 781px) 100vw, 781px" /></figure>
Alphabet helps strong metric on Growth and Quality, with average score on the Momentum and Value metrics as per <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Proprietary Edge Rankings. </a>
READ MORE:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46380738/google-beats-openai-secures-windsurf-technology-ceo-and-key-staff-for-2-4-billion">Google Beats OpenAI, Secures Windsurf Technology, CEO And Key Staff For $2.4 Billion </a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Is Demis Hassabis Being Positioned As CEO Sundar Pichai's Successor at Google? Some Insiders Think So

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 has officially announced its annual "Made by Google" event will take place on Aug. 20 in New York City, showcasing its next-generation Pixel devices and AI-powered software upgrades.
What Happened: The company confirmed that the keynote will begin at 10 a.m. PT / 1 p.m. ET and will be livestreamed on YouTube, <a href="https://9to5google.com/2025/07/16/made-by-google-2025-invite/">reported</a> 9To5Google.
This year's event marks a return to New York after being held in California in 2024 and comes weeks earlier than typical Pixel unveilings.
Google is expected to debut the Pixel 10, Pixel 10 Pro, Pixel 10 Pro XL and the Pixel 10 Pro Fold, alongside Pixel Watch 4, which is anticipated to launch in two sizes.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46380738/google-beats-openai-secures-windsurf-technology-ceo-and-key-staff-for-2-4-billion">Google Beats OpenAI, Secures Windsurf Technology, CEO And Key Staff For $2.4 Billion</a>
While hardware designs may remain largely unchanged, the spotlight is on AI-driven software enhancements powered by Android 16 QPR1, which will likely introduce the new Material 3 Expressive design language.
A key upgrade across the Pixel 10 series is the Tensor G5 chip, reportedly manufactured by Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) instead of Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), which could bring performance and efficiency gains.
Also anticipated are updated charging accessories and a more affordable set of wireless earbuds, the Pixel Buds 2a, the report said.
Why It's Important: Last month, a Japanese court ruled that Google infringed on a patent held by the South Korean company Pantech, leading to a <a href="https://www.benzinga.com/markets/tech/25/06/46132309/google-faces-legal-setback-in-japan-pixel-7-series-sales-blocked-amid-patent-dispute-with-south-korean-phone-maker">sales ban on its</a> Pixel 7 smartphones in Japan.
While the ban may not severely affect Google globally, Japan is a key market for the Pixel brand, with the Pixel 7a driving strong sales there in 2023.
As of June 2025, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) leads the global mobile vendor market with a 25.39% share, followed by Samsung at 22.52% and Xiaomi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) at 12.09%, according to Statcounter Global Stats.
Google holds a modest 1.63% share worldwide. Google has confirmed its Made by Google 2025 event for August 20 in New York City, where it will unveil the Pixel 10 lineup, Pixel Watch 4, and Android 16 updates with a strong focus on AI-powered innovations.
Price Action: Alphabet Inc.&#8217;s Class A shares edged up 0.098% in after-hours trading, while Class C shares rose by 0.14%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings reflect a favorable outlook for GOOG across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More in-depth performance data can be found here</a>.
<figure class="wp-block-image aligncenter 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/2025/07/17032314/Screenshot-2025-07-17-at-12.51.09%E2%80%AFPM.png" alt="" class="wp-image-989103" /></a></figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46380521/elon-musk-rejects-reports-that-xai-is-looking-to-raise-additional-funds-at-200-billion-valuation-we-have-plenty-of-capital" target="_blank" rel="noreferrer noopener">Elon Musk Rejects Reports That xAI Is Looking To Raise Additional Funds At $200 Billion Valuation: ‘We Have Plenty Of Capital'</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: JHVEPhoto / Shutterstock.com

AAPL

XIACF

Made By Google 2025 Confirmed For August 20: Pixel 10 Lineup, AI-Powered Android 16 And Pixel Watch 4 Set To Headline

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Amazon Web Services are launching a $6 million initiative to attract 30 U.S. startups to build AI applications using Meta&#8217;s open-source Llama model, positioning the partnership as a strategic counter to OpenAI&#8216;s closed-source dominance.
What Happened: The program offers each selected startup $200,000 in AWS cloud computing credits and six months of technical support from both companies&#8217; engineers. AWS Vice President Jon Jones <a href="https://edition.cnn.com/2025/07/16/tech/meta-aws-llama-ai-startups-partnership">told</a> CNN the initiative aims to &#8220;empower founders to build transformative AI using Llama models,&#8221; with applications opening this summer.
For Meta, the collaboration comes as CEO Mark Zuckerberg pours billions into AI development, recently creating a superintelligence team and offering compensation packages up to $300 million <a href="https://www.benzinga.com/news/24/03/37926522/mark-zuckerbergs-shiny-new-300m-diesel-powered-mega-yacht-casts-a-big-question-mark-on-his-climate-h">over four years to poach top researchers</a> from competitors, including OpenAI. 
The company hired OpenAI researchers Jason Wei and Hyung Won Chung for its AI lab, following Zuckerberg&#8217;s strategy to make Llama the <a href="https://www.benzinga.com/markets/tech/25/07/46434602/mark-zuckerbergs-meta-poaches-top-openai-researchers-jason-wei-and-hyung-won-chung-for-its-superintelligence-lab-report">industry standard for AI development</a>.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46460070/elon-musks-xai-faces-industry-backlash-over-reckless-ai-safety-practices-as-regulatory-scrutiny-intensifies">Elon Musk&#8217;s xAI Faces Industry Backlash Over &#8216;Reckless&#8217; AI Safety Practices As Regulatory Scrutiny Intensifies</a>
The partnership highlights the industry&#8217;s fundamental divide between open-source and closed-source AI models. While OpenAI&#8217;s ChatGPT and Anthropic&#8217;s Claude remain proprietary, Meta&#8217;s Llama provides free access to its underlying code. Zuckerberg argues open-source AI is &#8220;necessary for a positive AI future&#8221; and will democratize the technology&#8217;s benefits.
Why It Matters: AWS customers already use Llama for financial technology tools and customer relationship management systems for auto dealerships. The initiative could generate long-term revenue for Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) if startups continue using AWS services beyond the six-month program.
The timing coincides with Meta facing an $8 billion <a href="https://www.benzinga.com/news/legal/25/07/46458910/meta-shareholders-sue-mark-zuckerberg-peter-thiel-for-8-billion-over-privacy-violations-linked-to-cambridge-analytica-scandal">shareholder lawsuit over</a> Cambridge Analytica privacy violations and intense competition from ByteDance&#8217;s Swan mixed reality goggles. Meta has invested $16 billion in Reality Labs and plans additional data center <a href="https://www.benzinga.com/markets/tech/25/07/46425393/metas-metaverse-dreams-tested-by-new-bytedance-swan-goggles">investments to support its AI ambitions.</a>
&#8220;Startups are some of the most creative forces in tech,&#8221; said Ash Jhaveri, Meta&#8217;s vice president of AI partnerships. The program will select participants based on their technical capabilities and potential solution impact.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/07/46458652/tim-cooks-new-job-is-keeping-trump-happy-says-economist-justin-wolfers-innovation-takes-a-back-seat-to-political-favoritism" target="_blank" rel="noreferrer noopener">Tim Cook's New Job Is Keeping Trump ‘Happy,' Says Economist Justin Wolfers: ‘Innovation Takes A Back Seat To Political Favoritism'</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: Skorzewiak on Shutterstock.com

Meta, AWS Roll Out $6 Million Startup Program To Counter OpenAI, Make Llama The Go-To AI Model For Builders

Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFAI#NASDAQ">FFAI</a>) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, announced today the final ultimate user experience, a glamper's car, out of eight in its 7-day countdown for the Global Initial Launch of the FX Super One MPV &amp; Super EAI F.A.C.E. &amp; FF EAI Embodied AI Agent 6 x 4 Architecture, that will take place in Los Angeles on July 17. The event will include a livestream option beginning at 7:30 pm PT through the FF app and FF.com for those interested in seeing the global reveal of the FX Super One MPV.

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Faraday Future Teases 'Glamper's Car' as It Gears Up for FX Super One Global Launch Event Tonight

Anthony Scaramucci, the founder of SkyBridge Capital and a vocal cryptocurrency backer, cautioned that the election of Zohran Mamdani as New York City&#8217;s mayor could lead to an exodus of the city&#8217;s wealthy, potentially causing significant economic strain.
What Happened: Speaking with the TheStreet&nbsp;Roundtable, Scaramucci expressed his concern about the potential impact of the Democratic nominee. 
&#8220;The aura of him will cause a flight from the city,&#8221; Scaramucci, a New Yorker himself, said. &#8220;It&#8217;ll cause happy feet, rich people to leave the city." 
Scaramucci said that&nbsp;New York&nbsp;has already lost "half a million&#8217; of the super-rich people since 2017 and predicted another 150,000 to 200,000 wealthy residents would leave if Mamdani wins.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4fd;&#xFE0F;EXCLUSIVE: In a conversation with <a href="https://twitter.com/JamesCHeckman?ref_src=twsrc%5Etfw">@JamesCHeckman</a> and <a href="https://twitter.com/alpGasimov?ref_src=twsrc%5Etfw">@alpGasimov</a> , Anthony <a href="https://twitter.com/Scaramucci?ref_src=twsrc%5Etfw">@Scaramucci</a> warns NYC mayoral nominee <a href="https://twitter.com/ZohranKMamdani?ref_src=twsrc%5Etfw">@ZohranKMamdani</a> could drive out crypto capital and high earners. <a href="https://t.co/dPZzQq5MAt">pic.twitter.com/dPZzQq5MAt</a>
&mdash; Roundtable Network (@RTB_io) <a href="https://twitter.com/RTB_io/status/1945528693876572288?ref_src=twsrc%5Etfw">July 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Notably, a <a href="https://fiscalpolicy.org/wp-content/uploads/2023/12/FPI-Who-is-Leaving-Full-Report-Dec-2023.pdf">study</a> by the Fiscal Policy Institute found that the high-earner migration out of New York during the COVID years, i.e, 2020-2022, was temporary, primarily driven by work-from-home.
&#8220;While New York lost 2,400 millionaire households over the past three years (2020-2022), New York gained 17,500 millionaire households in the same period due to a strong economy and rising wages,&#8221; the report read.
The report also ruled out &#8220;statistically significant evidence&#8221; of tax migration in New York.
See Also:&nbsp;<a href="https://benzinga.com/crypto/25/07/46458867/bitcoin-ethereum-dogecoin-climb-amid-trump-powell-turbulence-analyst-says-btc-could-reach-3-trillion-market-cap-by-year-end-if-this-happens" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Climb Amid Trump-Powell Turbulence: Analyst Says BTC Could Reach $3 Trillion Market Cap By Year-End If This Happens &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fra</a>
Why It Matters:&nbsp;Mamdani, the 33-year-old progressive state representative,&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/46087359/zohran-mamdani-leads-nyc-mayoral-primary-a" target="_blank" rel="noreferrer noopener">emerged victorious</a>&nbsp;in the New York City Democratic mayoral primary. His proposals have sparked significant debate among the rich New Yorkers, particularly the proposal to raise income taxes on those earning $1 million a year or more by 2%, according to Reuters.
Billionaire entrepreneur Mark Cuban, who is also a vocal pro-cryptocurrency advocate,<a href="https://www.benzinga.com/news/politics/25/07/46412005/mark-cuban-refers-to-zohran-mamdani-as-trump-101-drawing-parallels-between-their-election-campaigns-this-guy-is-telling-me-hes-going-to-walk-on-water"> likened Mamdani&#8217;s campaign approach to &#8220;Trump 101</a>,&#8221; noting that both politicians center their campaigns on issues that resonate with voters, regardless of the feasibility of their promises.
Mamdani has <a href="https://www.benzinga.com/news/politics/25/06/46107353/trump-says-democrats-have-crossed-the-line-with-zohran-mamdani-bernie-sanders-elizabeth-warren-back-new-york-mayoral-candidates-grassroots-suppo">found support</a> from Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.) and Sen. Bernie Sanders&nbsp;(I-VT) for his focus on public welfare.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/07/46262154/optics-over-results-new-yorks-zohran-mamdani-proposed-government-owned-grocery-stores-but-what-do-people-really-think-about-them">Optics Over Results? New York&#8217;s Zohran Mamdani Proposed Government-Owned Grocery Stores, But What Do People Really Think About Them</a></li>
</ul>
Photo courtesy: Ron Adar / Shutterstock.com

Anthony Scaramucci Says Zohran Mamdani As NYC Mayor Will Cause 'Happy Feet, Rich People To Leave The City'

U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) will release earnings results for the second quarter, before the <a href="https://www.benzinga.com/quote/USB/earnings">opening bell on Thursday, July 17</a>.
Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings at $1.07 per share. It reported 97 cents per share in the previous year. U.S. Bancorp is also projected to report quarterly revenue of $7.07 billion. Compare that to $6.84 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 1, U.S. Bancorp raised its quarterly cash dividend from 50 cents to 52 cents per share.
U.S. Bancorp shares slipped 0.02% to close at $45.68 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/USB/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Truist Securities analyst John McDonald maintained a Hold rating and raised the price target from $48 to $50 on July 9, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Raymond James analyst Michael Rose upgraded the stock from Outperform to Strong Buy and increased the price target from $51 to $57 on July 7, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Morgan Stanley analyst Betsy Graseck maintained an Overweight rating and raised the price target from $50 to $51 on July 3, 2025. This analyst has an accuracy rate of 61%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Buy rating and increased the price target from $55 to $59 on July 2, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and raised the price target from $41 to $46 on June 10, 2025. This analyst has an accuracy rate of 71%</li>
</ul>
Considering buying USB stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/USB/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="574" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207-1024x574.png" alt="" class="wp-image-989089" style="width:582px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207-1024x574.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17030705/image-207.png 1143w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46439944/jim-cramer-takes-a-pass-on-this-money-losing-utilities-stock">Jim Cramer &#8216;Takes A Pass&#8217; On This Money-Losing Utilities Stock</a> </li>
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Photo via Shutterstock

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Top Wall Street Forecasters Revamp U.S. Bancorp Expectations Ahead Of Q2 Earnings

A former Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) bear has decided to alter his stance on the company&#8217;s stock.
What Happened: Mizuho Securities analyst Gregg Moskowitz and his team have upgraded their rating on Palantir&#8217;s stock from underperform to neutral on Wednesday, <a href="https://www.marketwatch.com/story/this-former-palantir-bear-changed-his-tune-on-the-stock-heres-why-e69e441e">reported</a> MarketWatch. 
The analysts recognized the company's surge in business activity, especially within its commercial and government segments, which they admitted to previously underestimating.
Moskowitz and his team highlighted the company&#8217;s &#8220;recent execution and momentum&#8221; as &#8220;stunning,&#8221; which could potentially lead to a fifth consecutive quarter of revenue growth acceleration. Despite their concerns about the stock&#8217;s high valuation, the analysts recognize Palantir&#8217;s uniqueness and potential for future growth.
See Also: <a href="https://benzinga.com/trading-ideas/dividends/25/07/46439642/how-to-earn-500-a-month-from-pepsico-stock-ahead-of-q2-earnings" target="_blank" rel="noopener">PepsiCo: Earn $500 A Month In Dividends Ahead Of Q2 Earnings</a>
Palantir&#8217;s stock is currently trading at an enterprise-value-to-sales multiple of 97 times and 77 times, based on 2025 and 2026 projections, respectively. Analysts also expect the company's government revenue to maintain strong year-over-year growth of over 40%.
Despite their upgrade, the Mizuho team remains cautious, stating that there are &#8220;many more compelling names to own in software at these levels.&#8221; Their target price for Palantir&#8217;s stock stands at $135, below the approximately $150 level at which the stock was trading early Wednesday, suggesting a downside of over 10%.
Why It Matters: The shift in the analysts&#8217; stance comes amidst a period of significant developments for Palantir. The company&#8217;s stock has <a href="https://www.benzinga.com/markets/tech/25/07/46189000/palantir-is-building-the-next-aws-says-top-exec-urges-startups-to-build-on-pltr-to-tackle-more-valuable-problems-than-amazon-solved">seen a surge of over 400%</a> in the past year, driven by its expanding commercial business in the U.S. and its increasing adoption of artificial intelligence platforms.
One of the key drivers of this growth has been Palantir&#8217;s <a href="https://www.benzinga.com/markets/equities/25/07/46459262/palantir-supercharges-ask-att-genai-engine-helps-100000-employees-to-fix-code-cut-costs-and-rewrite-the-network">GenAI engine</a>, which has been instrumental in helping companies like AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) to fix code, cut costs, and rewrite their network.
This has led to a growing urgency around internal data integration, further fueling Palantir&#8217;s growth.
Price Action: Palantir (PLTR) shares slipped 0.13% in after-hours trading, after rising 1.57% during the regular session on Wednesday. So far this year, the stock has surged 100.70%, and over the past 12 months, it&#8217;s up an impressive 434.76%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next: 
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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/07/46447572/did-he-learn-nothing-trader-who-lost-100m-returns-with-high-leverage-bets-on-bitcoin" target="_blank" rel="noopener">Did He Learn Nothing? Trader Who Lost $100M Returns With High-Leverage Bets On Bitcoin</a></li>
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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: Shutterstock

Ex-Palantir Bear Turns Neutral As Mizuho Calls Growth 'Stunning' Despite Valuation Worries

Former Vice President Mike Pence says presidents were never meant to levy tariffs on their own, insisting "it wasn't the founders' intention" for the White House to tax every trading partner, a fight now headed for the Supreme Court.
What Happened: Appearing on CBS's "The Takeout," Pence <a href="https://www.youtube.com/watch?v=jRNkYQjPxCU">reminded</a> host Major Garrett that the Boston Tea Party arose over duties set without colonial consent, then cited Article I, Section 8, which assigns all taxes and tariffs to Congress.
&#8220;You might remember that it was tariffs on tea that went into the Boston Harbor that helped initiate the American Revolution,&#8221; said Pence in a post on X on Wednesday.
Pence's advocacy group, Advancing American Freedom, has filed an amicus brief arguing that President Donald Trump's blanket import levies violate the non-delegation doctrine and the power of the purse. He had <a href="https://www.benzinga.com/25/05/45687265/trumps-former-vp-mike-pence-urges-congress-to-take-immediate-steps-to-reclaim-its-constitutional-authority-on-tariffs">earlier urged lawmakers</a> on X to "take immediate steps to reclaim their constitutional authority on tariffs."
<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">&quot;You might remember that it was tariffs on tea that went into the Boston Harbor that helped initiate the American Revolution&#8230; Article 1 section 8 says that taxes and excises, or tariffs, are to be initiated in the Congress of the United States.&quot; -AAF Founder and VP <a href="https://twitter.com/Mike_Pence?ref_src=twsrc%5Etfw">@Mike_Pence</a>… <a href="https://t.co/zBO920M9PI">pic.twitter.com/zBO920M9PI</a>
&mdash; Advancing American Freedom (@AmericanFreedom) <a href="https://twitter.com/AmericanFreedom/status/1945651602746216918?ref_src=twsrc%5Etfw">July 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The case, V.O.S. Selections v. United States, challenges Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose baseline 10% duties, plus surcharges up to 60% on Chinese goods. 
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46341297/cato-institute-ncla-urge-appeals-court-to-reject-trump-tariffs-citing-unauthorized-use-of-statute-report">Cato Institute, NCLA Urge Appeals Court To Reject Trump Tariffs Citing Unauthorized Use Of Statute: Report</a>
In May, the U.S. Court of International Trade unanimously struck down most of those tariffs, ruling the president had exceeded statutory limits. An appeals panel quickly <a href="https://www.benzinga.com/news/legal/25/06/45877448/appeals-court-allows-trumps-tariffs-to-remain-in-effect-while-it-reviews-the-lower-courts-decision">stayed the injunction</a>, keeping the levies in place while the Justice Department seeks high-court review.
Why It Matters: Pence contrasted the current approach with his own time in office, when tariffs were applied "case by case" under Section 232, which requires a national-security probe before duties take effect.
By the Depression era, he noted, Congress had begun "shuffling off" trade powers to the executive, flexibility lawmakers now regret as duties ripple through supply chains.
Pence, in a separate television interview last week, said Trump&#8217;s escalating tariff war risks &#8220;<a href="https://www.benzinga.com/news/politics/25/07/46360429/mike-pence-says-trumps-tariff-escalations-with-us-allies-are-like-dismissing-your-front-line-in-a-football-game">dismissing your front line</a> in a football game&#8221; by alienating U.S. allies just as Washington tries to force economic concessions from Beijing.
Photo Courtesy: Gino Santa Maria on Shutterstock.com
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