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Amplify Mobile Payments ETF

President Donald Trump's decision to impose 25% tariffs on imports from South Korea and Japan is drawing sharp criticism from economists who say the rationale behind the move is fundamentally flawed.
What Happened: On Monday, Economist Peter Schiff called out Trump&#8217;s public letters to both East Asian nations, saying that they showed &#8220;a complete lack of understanding of trade,&#8221; in a post on X.
Schiff notes that the tariffs charged by Japan on U.S. goods average under 2%, and are even lower in South Korea, at under 1%. &#8220;Our trade deficits result from South Korea and Japan making more goods that Americans want to buy than the goods we make that they want to buy,&#8221; he says.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">Trump Threatens 10% &#8216;Additional&#8217; Tariff On All BRICS-Aligned Nations, Says Tariff Letters Drop At Noon Monday</a>
He also warns that the tariffs are unlikely to achieve their intended effect, which he blames on the falling U.S. dollar in recent months.
&#8220;Trump&#8217;s 25% tariffs will have a minimal effect on our trade deficits with either nation. In fact, as the dollar falls, our trade deficits will likely rise in dollar terms, as we pay more to import less,&#8221; he said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump&#39;s letters to Japan and South Korea demonstrate a complete lack of understanding of trade. Tariffs have nothing to do with America&#39;s trade deficits with either nation. Japan&#39;s tariffs on U.S. goods average less than 2%, and Korea&#39;s average less than 1%. Our trade deficits…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1942341119280333289?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
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This sentiment was echoed by University of Michigan economist Justin Wolfers, who pointed out that South Korea already has a free trade agreement with the U.S. 
&#8220;The U.S. is imposing a 25% tariff on Korea because of trade deficits that it claims are &#8216;engendered by Korea&#8217;s Tariff and Non-Tariff, Policies and Trade Barriers,'&#8221; Wolfers says. &#8220;But Korea has a free trade agreement with the U.S. It charges zero tariffs on nearly everything.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The U.S. is imposing a 25% tariff on Korea because of trade deficits that it claims are &quot;engendered by Korea&#39;s Tariff and Non Tariff, Policies and Trade Barriers.&quot; But Korea has a free trade agreement with the U.S. It charges zero tariffs on nearly everything. <a href="https://t.co/FaOFyeHWbf">pic.twitter.com/FaOFyeHWbf</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1942335218372764011?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
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Why It Matters: Over a month ago, Schiff had said the same, that <a href="https://www.benzinga.com/25/05/45404821/dollar-correction-imminent-sans-tariffs-to-reduce-the-us-trade-deficit-says-peter-schiff-minor-decline-would-make-trade-deficit-larger">only a major decline</a> in the U.S. dollar, one that makes imports prohibitively expensive for American consumers, can help reduce the trade deficit.
A minor decline like the present, on the other hand, would only serve to &#8220;make the trade deficit larger by increasing the cost of imports. The consequence is both inflation and interest rates will rise,&#8221; he said. 
Japan's Prime Minister&nbsp;Shigeru Ishiba has since <a href="https://www.benzinga.com/markets/economic-data/25/07/46288472/japans-prime-minister-criticizes-trumps-tariff-decision-shigeru-ishiba-calls-move-truly-regrettable">voiced his dissatisfaction</a> with Trump&#8217;s decision to impose 25% tariffs on goods imported from the country, calling it &#8220;truly regrettable.&#8221;
Image by Rokas Tenys via Shutterstock
Read More: 
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<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46269036/scott-bessent-says-tariff-rates-set-to-boomerang-back-in-august-for-countries-failing-to-strike-a-deal">Scott Bessent Says Tariff Rates Set To &#8216;Boomerang Back&#8217; In August For Countries Failing To Strike A Deal</a></li>
</ul>

News

Economics

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

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

Politics

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

Shark Tank investor Kevin O'Leary says he learned his most ruthless lesson in productivity three decades ago from Steve Jobs and he's still measuring entrepreneurs against it.
What Happened: "Steve would say, ‘They don't know what they want till I tell them,' " O'Leary recalled of quarterly meetings built around Oregon Trail upgrades during his stint making education software for Apple in the early 1990s.
O'Leary told Steven Bartlett's Diary of a CEO <a href="https://www.youtube.com/watch?v=mpAZehPviLQ&amp;t=467s">podcast</a> that Jobs boiled success down to &#8220;signal-to-noise ratio,&#8221; an idea that a leader must lock onto the day's three to five critical tasks and ignore everything else. "For Steve Jobs it was 80 signal, 20 noise," he said. Jobs' focus was so intense, O'Leary added, that "he would email me at 2:30 in the morning and expect me to get back to him."
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The Canadian investor called Jobs "not a nice guy," paraphrasing one blow-up in which the Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) co-founder snapped, "Shut up and do what I say." Yet the approach produced &#8220;wildly successful&#8221; results, O'Leary said.
See also: <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/07/46265862/kevin-oleary-says-youll-never-be-free-if-you-remain-an-employee-but-theres-actually-nothing-wrong-with-it-heres-why">Kevin O&#8217;Leary Says &#8216;You&#8217;ll Never Be Free&#8217; If You Remain An Employee, But There&#8217;s Actually Nothing Wrong With It: Here&#8217;s Why</a>
He sees only one contemporary who outdoes the late Apple chief: "Elon Musk… he has no noise,&#8221; O'Leary said. &#8220;Sixty seconds of every minute, 60 minutes of every hour, the 18 hours he's awake, it's all signal. And look what he's achieved."That level of concentration, he argued, separates &#8220;geniuses of their time&#8221; from merely competent managers.
Why It Matters: The 70-year-old software mogul said he still teaches Jobs' formula to CEOs and MBA students. "It's not your vision for next year," he told Bartlett. "It's the next 18 hours you're awake."
Musk, for one, has repeatedly heralded hard work and long hours as major factors in success. At USC's Marshall School of Business commencement in 2014, Musk urged graduates to "<a href="https://www.benzinga.com/startups/24/10/41428758/its-simple-math-musk-said-if-you-work-100-hours-a-week-and-others-work-50-youll-accomplish-twice-as">work super hard</a>," recounting how he and his brother launched their first company from a rented office where they slept on the couch and showered at the YMCA.
Steve Jobs was also one who demanded relentless focus at work from every employee at Apple, according to an account by Jony Ive. Ive, at an on-stage conversation back in 2014, called Jobs &#8220;the most <a href="https://www.benzinga.com/cannabis/25/06/45718360/jony-ive-once-said-steve-jobs-demanded-everyone-at-apple-often-answer-this-question-it-still-shocks-me-how-few-people-actually-practice-this">remarkably focused</a> person I&#8217;ve ever met.&#8221;
Photo Courtesy: Kathy Hutchins on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/politics/25/07/46283137/trump-vs-bezos-how-big-beautiful-bill-may-wreck-20k-ev-dream">Trump Vs. Bezos: How &#8216;Big Beautiful Bill&#8217; May Wreck $20K EV Dream</a>

Success Stories

AAPL

Kevin O'Leary Says Steve Jobs Was 'Not A Nice Guy' But Taught Him A Success Formula That Elon Musk Now Uses

On Monday, Nassim Nicholas Taleb expressed concern for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk while criticizing his personality.
What Happened: Taleb, a Lebanese-American options trader and strategist who is known for his book "The Black Swan: The Impact of the Highly Improbable," took to X, formerly Twitter, and said, "I may find @elonmusk callous, insensitive, even extremely cruel (&amp; non-nuanced), but I root for him &amp; pray for his safety."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I may find <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> callous, insensitive, even extremely cruel (&amp; non-nuanced), but I root for him &amp; pray for his safety.
&mdash; Nassim Nicholas Taleb (@nntaleb) <a href="https://twitter.com/nntaleb/status/1942367011775951353?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
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See Also: <a href="https://benzinga.com/personal-finance/entrepreneurship/25/07/46266500/mark-cuban-says-his-children-struggle-with-the-downsides-of-his-wealth-not-that" target="_blank" rel="noreferrer noopener">Mark Cuban Says His Children Struggle With the Downsides of His Wealth: ‘Not That They Want To Be Poor, But It Sets An Expectation'</a>
Why It's Important: The comment came amid Musk's ongoing feud with President Donald Trump over the "Big Beautiful Bill," a sweeping tax-and-spend package that adds trillions to the federal deficit.
Last month, Taleb also called on <a href="https://www.benzinga.com/news/politics/25/06/45795080/whatever-you-think-of-elon-musk-you-must-support-his-fight-against-the-big-beautiful-bill-says-black-swan-author-nassim-taleb">others to support Musk's stance</a>. "Whatever you thin[k] of @elonmusk, you must support him in this. The Trump budget is a lunacy; it will bankrupt America," he wrote at the time.
Musk, who previously headed the Department of Government Efficiency (DOGE), has been vocal in his criticism, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45784755/elon-musk-who-called-trumps-one-big-beautiful-bill-a-disgusting-abomination-responds-to-coinbase-ceos-warning-that-bitcoin-could-replace-dollar">calling the bill</a> "a disgusting abomination."
On Saturday, Musk announced the formation of a new third party called the "America Party." <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">Trump responded</a> by calling the idea "ridiculous" and Musk "off the rails."
According to Bloomberg's Billionaires <a href="https://www.bloomberg.com/billionaires/">Index</a>, Musk's current <a href="https://www.benzinga.com/news/politics/25/07/46227172/musk-net-worth-drops-12-billion-after-new-trump-battle-tesla-ceo-is-still-77-times-richer-than-president">net worth stands</a> at $346 billion, reflecting a $15.3 billion decline in the latest change and a $86.7 billion drop year-to-date.
Price Action: On Monday, Tesla shares dropped 6.79% to close at $293.94, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that TSLA shows a short-term downward trend but maintains a solid upward trajectory over the medium and long term. While its growth ranking remains strong, its value score is relatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is 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/2025/07/07224551/Screenshot-2025-07-08-at-8.13.50%E2%80%AFAM.png" alt="" class="wp-image-975659" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-stream" target="_blank" rel="noreferrer noopener">Tesla Made $2.76 Billion From ZEV Credits In 2024 In US But Trump's Tax Bill Just Killed This Revenue Stream</a></li>
</ul>
Photo courtesy: Mijansk786 / Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

TSLA

Elon Musk May Be Callous, Insensitive And 'Extremely Cruel' But 'Black Swan' Author Nassim Taleb Is Praying For His Safety Amid Rift With Trump

XDC Network (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">XDC</a>) rallied sharply on Monday, defying the broader market lag that restricted heavyweights like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
What happened: The XDC token jumped over 5% to become the most successful cryptocurrency in the last 24 hours, while the trading volume spiked nearly 24% to $30 million. The uptick pushed XDC to its highest value since June 12.
In doing so, XDC bucked the <a href="https://www.benzinga.com/crypto/25/07/46288196/bitcoin-ethereum-dogecoin-dip-on-macro-jitters-from-trumps-japan-south-korea-tariffs-analyst-says-btc-6-months-away-from-top-if-history-repeats">downsides of the broader cryptocurrency market</a>. Bitcoin, the market leader, declined 1.35% during the last 24 hours, while Dogecoin fell 2.09%.
While there were no immediate triggers, the XDC Network's recent <a href="https://x.com/XDC_Network_/status/1934582799824027793">partnership </a>with Archax to develop a Markets in Crypto-Assets-compliant whitepaper to align with the EU's crypto market laws served as a supporting factor.
See Also:<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46149584/why-crypto-investors-are-receiving-internal-revenue-service-warning-letters"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46269199/are-cryptocurrency-investors-eligible-for-uae-golden-visa-heres-what-authorities-are-saying">Are Cryptocurrency Investors Eligible For UAE Golden Visa? Here&#8217;s What Authorities Are Saying</a>
Meanwhile, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages of price, flashed a "Buy" signal for XDC, <a href="https://in.tradingview.com/symbols/XDCUSD/technicals/">according </a>to TradingView. The Relative Strength Index, on the other hand, was "Neutral" as of this writing.
Launched in 2019, the XDC Network is a Layer-1 blockchain developed to support trade finance and the <a href="https://in.benzinga.com/markets/cryptocurrency/25/05/45238627/how-public-blockchains-are-powering-tokenized-real-estate-ecosystems-and-unlocking-global-">tokenization of real-world assets</a>.
Price Action:&nbsp; At the time of writing, XDC was exchanging hands at $0.06642, up 5.02% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. In the past week, it gained over 12%.
Photo Courtesy: alfernec on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46278850/bonk-surges-58-in-7-days-why-is-it-outperforming-dogecoin-shiba-inu">Bonk Surges 58% In 7 Days: Why Is It Outperforming Dogecoin, Shiba Inu?</a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46148904/donald-trump-says-bitcoin-takes-a-lot-of-pressure-off-the-dollar"> </a></li>
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XDC Token Breaks Out With 5% Spike While Bitcoin, Dogecoin Retreat — What's Driving It?

Japan&#8217;s Prime Minister Shigeru Ishiba has voiced his dissatisfaction with the U.S. decision to impose a 25% tariff on Japanese imports, a move initiated by President Donald Trump.
What Happened: Ishiba expressed disappointment over U.S. President Donald Trump&#8216;s decision to impose a 25% tariff on Japan, as <a href="https://mainichi.jp/english/articles/20250708/p2g/00m/0na/017000c">reported</a> by The Daily Mainichi on Tuesday. During a government meeting, Ishiba remarked that the tariff decision is &#8220;truly regrettable.&#8221; He noted that the tariff was lower than initially threatened and that the deadline for reaching a potential agreement has been extended.
Ishiba emphasized that his administration will focus on bilateral discussions to achieve a mutually advantageous agreement. The Japanese government aims to continue negotiations with the United States to resolve the tariff issue.
See Also: <a href="https://benzinga.com/pressreleases/25/07/g46264472/an-ex-cia-advisors-presentation-suggests-u-s-could-enter-post-debt-era-without-raising-taxes-thank" target="_blank" rel="noreferrer noopener">An Ex-CIA Advisor&#8217;s Presentation Suggests U.S. Could Enter &#8220;Post-Debt Era&#8221; Without Raising Taxes—Thanks to Overlooked Federal Asset </a>
Why It Matters: The imposition of these tariffs by Trump has sent shockwaves through global markets, with significant repercussions. On Monday,  Wall Street <a href="https://www.benzinga.com/markets/equities/25/07/46281204/wall-street-today-trump-tariffs-japan-south-korea-stocks-drop">experienced a notable slump</a>, and the U.S. dollar surged following the announcement of the tariffs. These tariffs, which affect all imports from Japan and South Korea, are set to begin on August 1 and are in addition to any existing sector-specific duties.
At the time of writing, the Nikkei was seen trading 0.2% higher at 39,679.09. 
The dollar index, which measures the greenback&#8217;s strength against a basket of six currencies, rose 0.517% to 97.467, touching a one-week high, reported Reuters. Japanese yen edged up 0.07% to 146.11 against the dollar.
Photo Courtesy: NINA IMAGES on 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>

Japan's Prime Minister Criticizes Trump's Tariff Decision: Shigeru Ishiba Calls Move 'Truly Regrettable'

Dave Portnoy, the founder and CEO of Barstool Sports, just announced a bold bet on Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), following a pullback in the company&#8217;s shares early this week.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">TSLA stock here.</a>
What Happened: On Monday, in a post on X, Portnoy stated that he had purchased $10 million worth of Tesla shares, in anticipation of a 10% bounce in under two weeks.
&#8220;Update – I bought the 10 milly $tsla hoping for 10% bounce in 2 weeks or less,&#8221; Portnoy posted on X, tagging the move as a #crazyelon play, a reference to CEO Elon Musk&#8217;s erratic behaviors that have since become a defining trait of the stock&#8217;s volatility in recent years.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46268414/as-elon-musks-rift-with-donald-trump-deepens-former-google-executive-says-maga-and-tech-world-cant-thrive-without-each-other">As Elon Musk&#8217;s Rift With Donald Trump Deepens, Former Google Executive Says MAGA And Tech World Can&#8217;t Thrive Without Each Other</a>
In the video accompanying the post, Portnoy detailed his thought process behind the high-stakes trade. &#8220;I'm looking at Tesla. It's down seven and a half percent,&#8221; he says, likely sitting in front of his trading screen, while pondering &#8220;Do I put $10 million into Tesla right now, hope to make 10%, that's a million bucks?&#8221;
Portnoy says that he aims to make 10% or &#8220;a million bucks&#8221; in under two weeks with this investment, which he then plans to take to the Saratoga Race Course in New York.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Update &#8211; I bought the 10 milly <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a> hoping for 10% bounce in 2 weeks or less. <a href="https://twitter.com/hashtag/crazyelon?src=hash&amp;ref_src=twsrc%5Etfw">#crazyelon</a> <a href="https://twitter.com/hashtag/ddtg?src=hash&amp;ref_src=twsrc%5Etfw">#ddtg</a> <a href="https://t.co/zFqVNMwpKy">pic.twitter.com/zFqVNMwpKy</a>
&mdash; Dave Portnoy (@stoolpresidente) <a href="https://twitter.com/stoolpresidente/status/1942233926216323220?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
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Why It Matters: Tesla shares witnessed a pullback on Monday, down 6.79%, trading at $293.94 per share, following the escalating feud between Musk and President Donald Trump, and the former&#8217;s decision to form a <a href="https://www.benzinga.com/news/politics/25/07/46265725/elon-musk-announces-formation-of-america-party-emerges-in-wake-of-donald-trumps-historic-spending-bill">new political entity</a>, dubbed the &#8220;America Party.&#8221;
Several experts, investors and analysts have hit out at Musk&#8217;s decision, with investment firm Azoria Partners <a href="https://www.benzinga.com/markets/tech/25/07/46268694/elon-musks-america-party-plans-conflict-with-his-full-time-responsibilities-as-tesla-ceo-says-former-doge-advisor">delaying the listing</a> of its Azoria Tesla Convexity ETF as a result of this.
Azoria&#8217;s CEO, James Fishback, who once hailed the EV giant as the &#8220;most compelling investment,&#8221; believes Musk&#8217;s latest political pivot will result in &#8220;conflict with his full-time responsibilities as CEO of Tesla.&#8221;
&#8220;Unlike his work with SpaceX or xAI, which complement Tesla&#8217;s R&amp;D efforts in AI, automation, and engineering, a political party not only fails to complement Tesla&#8217;s mission, it actively undermines it,&#8221; Fishback said.
Wedbush Securities senior analyst&nbsp;Dan Ives echoed similar views, saying that Musk&#8217;s move was <a href="https://www.benzinga.com/news/politics/25/07/46267326/elon-musks-america-party-is-a-move-in-the-opposite-direction-says-dan-ives-analyst-gary-black-says-difficult-to-predict-impact-on-tesla-brand-short-term">&#8220;exactly the opposite direction&#8221;</a>&nbsp;of what most Tesla investors would have wanted, especially during what he refers to as a &#8220;crucial period for Tesla.&#8221;
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="149" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07215856/Screenshot-2025-07-08-at-7.28.39-AM-1024x149.png" alt="" class="wp-image-975626" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07215856/Screenshot-2025-07-08-at-7.28.39-AM-1024x149.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07215856/Screenshot-2025-07-08-at-7.28.39-AM-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07215856/Screenshot-2025-07-08-at-7.28.39-AM-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07215856/Screenshot-2025-07-08-at-7.28.39-AM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla shares score well on Growth, ranked in the 90th percentile, and have a strong price trend in the medium and long terms, but is unfavorable in the short run. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights on the stock. 
Photo Courtesy: Tada Images On Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46281860/elons-america-party-etf-a-what-if-fund-of-musk-linked-stocks-like-tesla-nvidia">Elon&#8217;s America Party ETF: A What-If Fund Of Musk-Linked Stocks Like Tesla, Nvidia</a></li>
</ul>

Dave Portnoy Drops $10 Million On Tesla: 'Hoping For 10% Bounce In 2 Weeks Or Less' From #CrazyElon Bet

Leading cryptocurrencies fell Monday as President Donald Trump&#8216;s fresh tariffs on Japan and South Korea spurred risk-off sentiment. 
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:20 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.36%</td>
<td>$108,488.50</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.28%</td>
<td>$2,552.85</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.41%</td>
<td>$0.1685</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin slipped to an intraday low of $107,527.06 but recovered to $108,000 by late evening. Trading volume rose 18% in the last 24 hours, signaling high selling pressure.
Ethereum wobbled around $2,500, reaching an intraday low of $2,517.90 in the afternoon.
Bitcoin's market dominance increased to 64.5%, while the shares of Ethereum and other altcoins declined.
In the past 24 hours, 76,424 traders were liquidated, with total liquidations at $164.05 million. More than $115 million in bullish longs were wiped out.
Meanwhile, more than 60% of Binance derivatives traders with open BTC positions were short as of this writing.
The "Greed" sentiment weakened from 73 to 65 in the last 24 hours, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:20 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>XDC Network (XDC)</td>
<td>+5.79%</td>
<td>$0.06688</td>
</tr>
<tr>
<td>AB (AB)&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.42%</td>
<td>$0.00841</td>
</tr>
<tr>
<td>GateToken (GT)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.51%</td>
<td>$15.56 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.35 trillion, sliding 0.40% in the last 24 hours.
Stocks tumbled at the start of a new trading week. The Dow Jones Industrial Average declined 422.17 points, or 0.94%, to end at 44,406.36. The S&amp;P 500 fell&nbsp; 0.79% to close at 6,229.98, while the tech-focused Nasdaq Composite lost 0.92%, ending at 20,412.52.
Trump announced <a href="https://www.benzinga.com/markets/equities/25/07/46281204/wall-street-today-trump-tariffs-japan-south-korea-stocks-drop">sweeping 25% tariffs</a> on all imports from Japan and South Korea, starting Aug. 1. The hike comes after a 90-day negotiation window, set on April 9, expired without a deal.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst and trader Ali Martinez cited historical cycles to suggest that Bitcoin's next market top is six months away.
"If this bull cycle mirrors the last two, we could be 6 months away from the next market top."
<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 this bull cycle mirrors the last two, we could be 6 months away from the next market top! <a href="https://t.co/Yr6lXtUYVg">pic.twitter.com/Yr6lXtUYVg</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1942103788208148571?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On-chain analytics firm CryptoQuant drew attention to Bitcoin's bounce above the 365-day Simple Moving Average, a level that has historically served as strong support.
"Historically, as long as MVRV stays above its SMA365, the uptrend tends to continue," CryptoQuant added.
MVRV, a shorthand for Market Value to Realized Value, is a ratio used to assess the value of a cryptocurrency by comparing its current market value to its realized value.
<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">Bitcoin MVRV Bounces off 365-Day Average: Trend Still Alive? "Historically, as long as MVRV stays above its SMA365, the uptrend tends to continue. MVRV &gt; SMA365 → Bull trend intact." – By <a href="https://twitter.com/burak_kesmeci?ref_src=twsrc%5Etfw">@burak_kesmeci</a> <a href="https://t.co/iwxEQ9t3OH">pic.twitter.com/iwxEQ9t3OH</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1942109256167084357?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: PeopleImages.com &#8211; Yuri A on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46272572/scottie-pippen-is-watching-bitcoin-xrp-dogecoin-and-what-else">Scottie Pippen Is Watching Bitcoin, XRP, Dogecoin&#8230;And What Else?</a></li>
</ul>

$ETH

Bitcoin, Ethereum, Dogecoin Dip On Macro Jitters From Trump's Japan, South Korea Tariffs: Analyst Says BTC 6 Months Away From Top If History Repeats

Ruoming Pang, the AI model lead at Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), is reportedly leaving to join Mark Zuckerberg's Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
What Happened: Pang, who was leading Apple's AI model team responsible for training Cupertino's foundational models, is the latest hire to escalate Meta's suprintelligence efforts, <a href="https://www.bloomberg.com/news/articles/2025-07-07/apple-loses-its-top-ai-models-executive-to-meta-s-hiring-spree?srnd=phx-technology">reported</a> Bloomberg on Monday, citing people with knowledge of the matter.
Meta proposed a compensation package valued at tens of millions of dollars annually to ensure Pang joins the Facebook parent. At Apple, Zhifeng Chen will take over his responsibilities.
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>
On the same day, Meta also brought on board Yuanzhi Li, a researcher from OpenAI, and Anton Bakhtin, formerly of Claude at Anthropic PBC, the report added, citing people with knowledge.
Apple and Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The latest move by Meta is another in the series of pushes the company is taking to expand its superintelligence unit.
Last month, Zuckerberg's company also brought Scale AI's Alexandr Wang, startup founder Daniel Gross and former GitHub CEO Nat Friedman on board with lucrative <a href="https://www.benzinga.com/markets/tech/25/06/46010604/mark-zuckerbergs-meta-reportedly-looking-to-hire-former-github-ceo-nat-friedman-and-investor-daniel-gross-as-part-of-aggressive-ai-expansion-strategy">compensation packages</a>.
Previously, OpenAI CEO Sam Altman revealed that Meta has <a href="https://www.benzinga.com/markets/tech/25/06/46041399/meta-tried-luring-openais-top-minds-with-massive-paychecks-but-sam-altman-neglected-to-mention-that-hes-countering-those-offers-says-andrew-bosworth">been approaching several</a> people at ChatGPT-parent, luring them with substantial offers. However, he said that none of the startup's top talent took these offers.
Price Action: Meta shares edged up 0.014% in after-hours trading, while Apple shares slipped 0.46% during the same period, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings show that META maintains a solid upward trend across the short, medium and long term. Its growth score remains strong, though its value rating is comparatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can find more detailed performance data 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/2025/07/07212421/Screenshot-2025-07-08-at-6.52.48%E2%80%AFAM.png" alt="" class="wp-image-975610" /></a></figure>
Photo Courtesy: Skorzewiak on Shutterstock.com
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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</ul>

Media

Mark Zuckerberg's Meta Lures Away Apple AI Chief Ruoming Pang With Tens-Of-Millions Compensation Package: Report

The stock market witnessed a tumultuous day as President Donald Trump announced a 25% tariff on all imports from Japan and South Korea, effective from August 1. This news sent the <a href="https://www.benzinga.com/markets/equities/25/07/46281204/wall-street-today-trump-tariffs-japan-south-korea-stocks-drop">markets into a tailspin</a>, with the S&amp;P 500 dropping 0.9% to 6,229.98 and the Dow Jones Industrial Average tumbling 0.94%, losing more than 422 points to 44,406.36. The Nasdaq fell 0.92% to 20,412.52.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) closed the day down by 6.79% at $293.94, after reaching an intraday high of $296.15 and a low of $288.77. The stock&#8217;s 52-week range stands between $182 and $488.54. Tesla&#8217;s performance was <a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46277766/tesla-troubles-amplified-by-musks-party-politics-etfs-on-edge">impacted</a> by CEO Elon Musk&#8217;s announcement of a new political party, the America Party, amidst a year-over-year delivery decline.
SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) ended the day up 3.61% at $19.24, with an intraday high of $19.29 and a low of $18.40. The stock&#8217;s 52-week range is $6.01 to $19.29. SoFi&#8217;s shares have seen a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46283728/sofi-technologies-stock-hits-52-week-high-whats-driving-the-momentum">significant increase</a> of approximately 33% over the past month, hitting a new 52-week high. The upsurge has been credited to strong growth guidance and crypto expansion plans.
See Also:&nbsp;<a href="https://benzinga.com/markets/stock-split/25/07/46266095/warren-buffett-skips-big-banks-like-jpmorgan-and-wells-fargo-bets-459-million-on-this-one-ass" target="_blank" rel="noreferrer noopener">Warren Buffett Skips Big Banks Like JPMorgan and Wells Fargo, Bets $459 Million On This One Asset</a>
Rocket Lab USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) saw a rise of 9.03% to close at $38.88. The stock hit an intraday high of $39.06 and a low of $35.28, with a 52-week range of $4.22 to $39.06. Rocket Lab&#8217;s shares traded higher <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46282139/rocket-lab-stock-hits-all-time-highs-whats-going-on">amid an escalating public conflict</a> between President Donald Trump and SpaceX CEO Musk.
Bit Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) surged 18.37% to close at $3.48. The stock reached an intraday high of $3.86 and a low of $3.24. Its 52-week range is $1.69 to $5.74. Bit Digital&#8217;s shares traded higher after the company announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46276974/bit-digital-btbt-goes-all-in-on-ethereum-sells-all-bitcoin-whats-going-on">shift in its corporate treasury strategy</a> to focus solely on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and sold all its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) closed the day up 9.90% at $207.46, with an intraday high of $208.60 and a low of $186.60. The 52-week range for the stock is $64 to $298.99. Circle&#8217;s shares have <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46281595/circle-internet-group-stock-is-outperforming-the-sp-500-over-the-past-month-whats-driving-the-rally">rallied over 85% over the past month</a>, outperforming the S&amp;P 500. Several analysts have set price targets above the stock's current trading level.
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.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46267995/craig-shapiro-slams-jerome-powells-legacy-of-quiet-surrender-to-wall-street-and-the-us-treasury-no-longer-serves-the-public">Craig Shapiro Slams Jerome Powell&#8217;s Legacy Of &#8216;Quiet Surrender&#8217; To Wall Street And The US Treasury: &#8216;No Longer Serves The Public&#8217;</a></li>
</ul>
Photo Courtesy: khunkornStudio via Shutterstock
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>

Equities

BTBT

CRCL

RKLB

SOFI

Tesla, SoFi Technologies, Rocket Lab, Bit Digital, And Circle Internet Group: Why These 5 Stocks Are On Investors' Radars Today

Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) CEO Dara Khosrowshahi's mother revealed she still refuses to buy Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) coffee, despite the fact that Uber Eats delivers it.
What Happened: During a segment aired by CBS Sunday Morning on June 29, Khosrowshahi and his mother, Lili Khosrowshahi, sat down to reflect on their family&#8217;s journey from fleeing the Iranian revolution to leading one of America's most influential tech companies.
While discussing their early struggles in the U.S., Lili dropped a candid—and slightly cheeky—remark that caught viewers&#8217; attention.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46030504/uber-expands-ai-services-countries-businesses-train-smarter-ai-agents">Uber Collected Tons Of User Data For Years, Will License It To 30 Countries For AI</a>
&#8220;We came from a much better life to a smaller life. At the time, coffee was 15 cents and I wouldn&#8217;t even buy a cup of coffee,&#8221; she said, describing their frugal beginnings. &#8220;In fact, I don&#8217;t pay for Starbucks coffee to this day.&#8221;
Dara, chuckling, quickly jumped in with a reminder. &#8220;Mom, Starbucks is a customer of Uber Eats. You got to talk it up,&#8221; he said, adding, &#8220;I love Starbucks.&#8221;
To which Lili responded, "I'll let you pay, yes."
<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">Dara Khosrowshahi is the son of an immigrant family who fled Tehran and the Iranian revolution. He&#39;s also the chief executive officer of Uber, who has worked to change the culture of the company he took over in 2017. Khosrowshahi talks with <a href="https://twitter.com/jolingkent?ref_src=twsrc%5Etfw">@jolingkent</a> about the road to… <a href="https://t.co/zqeufliHiD">pic.twitter.com/zqeufliHiD</a>
&mdash; CBS Sunday Morning &#x1f31e; (@CBSSunday) <a href="https://twitter.com/CBSSunday/status/1939323508170846465?ref_src=twsrc%5Etfw">June 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Khosrowshahi's family fled Tehran in 1978 during the revolution, losing everything in the process. The family eventually settled first in southern France and later in the United States, where they lived with a relative in Tarrytown, New York.
The exchange was a rare personal peek into the family dynamics of the Uber chief, who took the reins of the company in 2017 and has since worked to reform its corporate culture and public image.
Uber currently has a market cap of $195.79 billion. Dara has an estimated net worth of $250 million, <a href="https://www.celebritynetworth.com/richest-businessmen/ceos/dara-khosrowshahi-net-worth/">according</a> to Celebrity Net Worth. Before leading Uber, Dara served as the CEO of Expedia Group, an online travel company that operates several travel fare aggregator sites.
Benzinga's Edge Stock Rankings indicate that UBER continues to demonstrate a solid upward trend across the short, medium and long term. Its growth score remains strong, although its value ranking is relatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance information is 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/2025/07/07051621/Screenshot-2025-07-07-at-2.43.17%E2%80%AFPM.png" alt="" class="wp-image-974389" /></a></figure>
Read Next:
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</ul>
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SBUX

UBER

Uber CEO's Mother Refuses To Buy Starbucks Coffee Thanks To Her Frugal Beginnings — Even Though Her Son's Company Delivers It: 'You Got To Talk It Up' Says Dara Khosrowshahi

Israeli Prime Minister Benjamin Netanyahu has put forth former U.S. President Donald Trump as a candidate for the Nobel Peace Prize. This nomination was made during a meeting at the White House, highlighting the ongoing collaboration between the U.S. and Israel in addressing Middle Eastern diplomatic issues.
What Happened: Netanyahu presented Trump with a nomination letter during a meeting at the White House on Monday, reported Reuters.
During the meeting, Netanyahu expressed that Israel, alongside the United States, is actively seeking countries willing to improve the future prospects for Palestinians.
See Also: <a href="https://benzinga.com/news/politics/25/07/46235830/trump-wants-rate-cuts-will-big-beautiful-bill-help-answer-big-fat-no" target="_blank" rel="noreferrer noopener">Will &#8216;Big Beautiful Bill&#8217; Get Trump Rate Cuts? Answer: Big Fat &#8216;No&#8217; </a>
Why It Matters: The nomination of Trump for the Nobel Peace Prize by Benjamin Netanyahu is not an isolated event. Earlier this year, Trump himself hinted at his <a href="https://www.benzinga.com/markets/25/04/45003238/trump-says-he-may-deserve-a-nobel-peace-prize-for-this-reason">potential candidacy</a> for the prize due to his contributions to the Abraham Accords. This historic agreement, signed during his presidency, normalized relations between Israel and several Arab nations, marking a significant diplomatic achievement.
In addition, Pakistan announced its intention to nominate Trump for the Nobel Peace Prize, citing his role in <a href="http://www.benzinga.com/news/politics/25/06/46043222/pakistan-will-nominate-genuine-peacemaker-trump-for-nobel-peace-prize">reducing tensions</a> between India and Pakistan. His intervention during a critical standoff between these nuclear-armed neighbors was credited with averting a potential conflict, according to Islamabad.
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Photo Courtesy: noamgalai on Shutterstock.com
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>

General

Trump Proposed For Nobel Prize By Netanyahu, Israeli PM Says Seeking Countries To Provide Palestinians Better Future

A recent episode of &#8220;<a href="https://www.youtube.com/watch?v=hZwraX7z64g">The Ramsey Show</a>&#8221; featured a caller who revealed a complicated financial and personal situation that left co-hosts John Delony and Jade Warshaw urging her to take action.
The woman named Beth explained that her husband owns a house in New Jersey that he rents to <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46159715/a-caller-told-dave-ramsey-his-girlfriend-was-overspending-on-his-credit-card-ramseys-response-you-gave-your-roommate-a-credit-card">his ex-girlfriend</a>. He doesn't even collect the rent himself; she pays the mortgage directly, which has only added to the lack of accountability.
The two share a child, which is why the arrangement was initially made. But the caller said the ex has been consistently late on rent, and it&#8217;s now affecting their chances of buying a new home.
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<h2 class="wp-block-heading">Late Payments, Damaged Credit</h2>
&#8220;She's been <a href="https://www.benzinga.com/money/what-happens-if-you-miss-a-mortgage-payment">late on payments</a>,&#8221; the caller said, noting that the mortgage is solely in her husband&#8217;s name. &#8220;In this year alone&#8230; she was late on three payments past the 30-day mark.&#8221;
According to a deeper credit report, the ex has made about 20 late payments in the last five years. This history has now shown up on the husband&#8217;s credit report, jeopardizing their ability to qualify for a mortgage.
&#8220;You're not getting a house,&#8221; Warshaw said flatly. &#8220;Not for a while.&#8221;
Delony acknowledged that the husband may have avoided direct involvement to minimize conflict. &#8220;He doesn't have an obligation to that mother or that new stepdad. That's their responsibility,&#8221; he said.
Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — <a href="https://www.benzinga.com/money/americans-spend-1000-per-year-on-plastic-water-bottles-kara-pod-gives-you-clean-drinking-water-by-pulling-moisture-from-the-air">And You Can Invest At Just $6.37/Share</a>
<h2 class="wp-block-heading">Time To Sell</h2>
Both hosts strongly advised selling the home.
&#8220;Y'all got to <a href="https://www.benzinga.com/real-estate/24/06/39418407/dave-ramseys-advice-for-selling-your-house-quickly-this-isnt-rocket-science-but-its-key">sell the house</a>,&#8221; Delony said. &#8220;This has been going on long enough. It's been five years for crying out loud,&#8221; Warshaw added. &#8220;You&#8217;re not throwing them out. You&#8217;re giving them five, six months to get their own space. That&#8217;s fair. He owns the house.&#8221;
The caller said her husband has been responsible with money overall and his credit score is still in the low 700s. But the emotional dynamics of the breakup and desire to provide stability for his daughter had complicated things. Still, both hosts emphasized that the situation had dragged on too long.
&#8220;You've been the safety net this whole time,&#8221; Warshaw said. &#8220;If they&#8217;re struggling with $1,100 on this rent, they&#8217;re struggling struggling.&#8221;
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<h2 class="wp-block-heading">Bigger Picture Questions</h2>
Beth also revealed that the father only sees his daughter every other weekend. Delony questioned whether that arrangement still makes sense, especially since it was based on his old work schedule.
&#8220;If he is okay seeing his daughter every other weekend, more power to you,&#8221; Delony said. &#8220;I couldn't live like that. If her new stepdad and her biological mom cannot afford to find a place to live, cannot afford groceries, I&#8217;m going to have a different conversation with them in the courts about my daughter&#8217;s well-being and safety, right?&#8221;
Delony wrapped it up in one line: &#8220;I'm not going to burn down my financial life supporting somebody that has no interest in supporting themselves.&#8221;
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

Dave Ramsey Caller Says Her Husband Rents A House To His Ex-Girlfriend. Her Late Payments Are Hurting Their Credit And Another Mortgage Deal

BNZIW

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

BNZI

Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) has outperformed the market over the past 5 years by 41.13% on an annualized basis producing an average annual return of 55.47%. Currently, Vertiv Holdings has a market capitalization of $47.99 billion. 
Buying $100 In VRT: If an investor had bought $100 of VRT stock 5 years ago, it would be worth $909.65 today based on a price of $125.92 for VRT at the time of writing.
<h3>Vertiv Holdings's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751931013_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.

Here's How Much $100 Invested In Vertiv Holdings 5 Years Ago Would Be Worth Today

Wheaton Precious Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>) has outperformed the market over the past 20 years by 9.82% on an annualized basis producing an average annual return of 18.25%. Currently, Wheaton Precious Metals has a market capitalization of $42.03 billion. 
Buying $1000 In WPM: If an investor had bought $1000 of WPM stock 20 years ago, it would be worth $28,495.38 today based on a price of $92.61 for WPM at the time of writing.
<h3>Wheaton Precious Metals's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751930112_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.

$1000 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) has outperformed the market over the past 10 years by 12.75% on an annualized basis producing an average annual return of 24.16%. Currently, Eli Lilly has a market capitalization of $693.38 billion. 
Buying $1000 In LLY: If an investor had bought $1000 of LLY stock 10 years ago, it would be worth $8,701.53 today based on a price of $771.99 for LLY at the time of writing.
<h3>Eli Lilly's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751929214_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.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have This Much Today

The celebration of America's 250th birthday is less than a year away and work is already being done on the planning for<a href="https://www.benzinga.com/news/politics/25/06/45894541/trump-sports-president-military-birthday-parade"> the country's semiquincentennial.</a>
Sports fans could get treated to live events happening at the White House on July 4, 2026, and in a different U.S. city to celebrate the historic American anniversary.
UFC at White House Proposed: President Donald Trump has been a<a href="https://www.benzinga.com/news/24/08/40298813/trump-snaps-back-at-joe-rogan-asking-how-loudly-hed-get-booed-when-he-enters-ufc-ring-next-time-afte"> big fan of the UFC,</a> the mixed martial arts company owned by TKO Group Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>), for years.
The president recently said that he was considering hosting a UFC fight at the White House as part of America's 250th anniversary celebration. The UFC <a href="https://frontofficesports.com/ufc-confirms-talks-to-bring-fight-to-white-house-grounds/">confirmed </a>to Front Office Sports that the discussions are real and underway.
July 4, 2026, will mark the 250th anniversary of the signing of the Declaration of Independence and watching professional fighters beat each other up at the White House could be one of the key celebrations for Americans across the country.
UFC has taken part in fights around the world in unique venues, but creating an Octagon inside or outside the White House could be among the biggest challenges yet. A UFC fight would also mark the first pro sports event hosted at the White House if the talks lead to an official event.
Read Also: <a href="https://www.benzinga.com/news/politics/25/06/45934225/big-tech-companies-helped-fund-trumps-inauguration-now-they-could-be-funding-his-military-birthday-parade">Big Tech Companies Helped Fund Trump&#8217;s Inauguration, Now They Could Be Funding His Military, Birthday Parade</a>
U.S. Soccer Celebration: The U.S. Men's National Soccer Team is one of several co-hosts for the 2026 World Cup and has already qualified for the tournament as a result.
This year's World Cup will feature 48 teams for the first time, as opposed to the 32 that have been included every four years in recent tournament history. The top two teams of each group (12 groups) along with the eight best third-place teams will qualify for the Round of 32.
It is currently unknown which group Team USA will be part of. If they manage to make it past their group and into the Round of 32, they could set up a huge American anniversary celebration.
Two of the Round of 16 games will be <a href="https://www.fifa.com/en/tournaments/mens/worldcup/canadamexicousa2026/articles/match-schedule-fixtures-results-teams-stadiums">played </a>on July 4, 2026, with one played in Houston and one played in Philadelphia. While neither game will take place in Washington, D.C., as American sports go, this could be one of the biggest in Team USA history.
The U.S. Men's National Soccer Team previously <a href="https://www.ussoccer.com/stories/2024/07/finals-bound-on-the-fourth">played </a>on July 4, 1994, losing 1-0 to Brazil in the Round of 16. The U.S. Women's National Soccer Team previously played on July 4, 1999, defeating Brazil 2-0 in the semifinals to advance to the tournament final.
Neither of those events happened during a huge anniversary year like the potential of Team USA playing on the country's semiquincentennial.
Of course, to make it to the Round of 16, Team USA may have to be playing better than recent matches, after losing the Gold Cup final to Mexico over the Fourth of July weekend this year. Team USA is currently ranked with the 13th best odds to win the World Cup at DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) at +4,000.
Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>), which has the U.S. rights to the 2026 World Cup games, is likely to see strong viewership the longer Team USA is in it.
While it's a year away and logistics need to be worked out and Team USA needs to make the right Round of 16 game, there is the possibility that sports fans get to watch<a href="https://www.benzinga.com/news/sports-betting/25/06/45983571/joey-chestnut-the-goat-returns-after-16-hot-dog-titles-can-anyone-stop-him"> Joey Chestnut eat hot dogs</a>, Team USA win a World Cup Round of 16 game and watch UFC fighters compete in a White House Octagon all on the country's birthday.
Read Next: 
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Photos: Shutterstock

Government

Sports

DKNG

FOXA

Trump Wants UFC Fight At White House For Semiquincentennial, Could USA Soccer Also Play On Country's 250th Anniversary?

Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has outperformed the market over the past 15 years by 31.98% on an annualized basis producing an average annual return of 44.23%. Currently, Tesla has a market capitalization of $948.25 billion. 
Buying $1000 In TSLA: If an investor had bought $1000 of TSLA stock 15 years ago, it would be worth $258,598.24 today based on a price of $294.40 for TSLA at the time of writing.
<h3>Tesla's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751928312_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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