Dernières nouvelles pour New Found Gold (AMEX:NFGC) Stock

New Found Gold

New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Company's exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).

New Found Gold Corp

News

HIVE

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

Macro Economic Events

Econ #s

Economics

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

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

Tech

GOOG

GOOGL

PONY

SFTBF

TSLA

UBER

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

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

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

BBJP

WisdomTree Trust Japan Total Dividend Fund

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

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

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

Politics

RYCEY

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

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

Media

NVDA

SSNLF

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

Veteran investors, like Gerber Kawasaki's co-founder, Ross Gerber and Wedbush Securities' Dan Ives, have criticized Elon Musk's return to politics and questioned the Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Board of Directors (BOD) as company stock declined almost 7% in the last 24 hours.
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>.
What Happened: Gerber took to social media platform X on Monday, slamming the Tesla Board of Directors, calling the entity "a joke" in his post.
"They are Elon vampires sucking the blood of tesla equity. They will do and say nothing," Gerber said before adding that no one was in favor of the "Elon First" party as he criticized Musk's proposed America First political party to take on U.S. President Donald Trump.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There is no tesla BOD. It's a joke. They are Elon vampires sucking the blood of tesla equity. They will do and say nothing. No one wants the Elon First party. No one.
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1942201871902662828?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
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Elsewhere, Ives shared his thoughts in an interview with CNBC TV18 Prime on Monday. "It's the exact opposite of where you wanna see him at," Ives said when asked about Musk's return to politics.
The Tesla bull added that Musk risks becoming "a foe" for "Trump and the Republican Party" which is something a Tesla investor would not want to see. Ives conceded that Musk's political activities have put Tesla stock under pressure.
"It's the worry about if Musk continues to go down this route, what does that mean in terms of regulatory, in terms of Trump," he said. However, Ives did acknowledge that Trump and the GOP would want Musk in their camp.
Speaking on the Tesla Board, Ives said, "The board's gonna have to take some sort of action," in the situation and he referenced Musk's involvement with DOGE in the past. "There were some overtures or shots across the bow from the Board at the height of the DOGE situation," he said.
"You cannot have Musk start his political party and remain CEO of Tesla," Ives said, in what could be some harsh words from Ives, who usually maintains bullish views on the EV giant.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/GlobalLens?src=hash&amp;ref_src=twsrc%5Etfw">#GlobalLens</a>&#x7C; &#39;It&#39;s matter of time before Tesla board questions Elon Musk&#39;s decision to launch a political party,&#39; Dan Ives of Wedbush Securities tells <a href="https://twitter.com/Parikshitl?ref_src=twsrc%5Etfw">@parikshitl</a>. He was reacting to Musk&#39;s decision to form a new political party, &#39;The America Party&#39;. <a href="https://t.co/ka8JfrRSfD">pic.twitter.com/ka8JfrRSfD</a>
&mdash; CNBC-TV18 Prime (@CNBCTV18PrimeIN) <a href="https://twitter.com/CNBCTV18PrimeIN/status/1942253363145617641?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
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Why It Matters: The criticism follows Musk's doubling down on his political ambitions as tensions between the billionaire and Trump continue to rise, with Musk reigniting the Jeffrey Epstein <a href="https://www.benzinga.com/news/politics/25/07/46270547/elon-musk-reignites-jeffrey-epstein-client-list-row-adding-fuel-to-the-feud-with-trump">Client List row</a>.
Musk's decision to found his political party has been slammed by experts like former <a href="https://www.benzinga.com/markets/tech/25/07/46268694/elon-musks-america-party-plans-conflict-with-his-full-time-responsibilities-as-tesla-ceo-says-former-doge-advisor">DOGE advisor James Fishback</a>, as well as Trump, who called the <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">idea a "train wreck"</a> and reiterated the centuries-long two-party system in the U.S.
However, Musk has also found support, perhaps from the least likely sources as users on <a href="https://www.benzinga.com/news/politics/25/07/46216023/after-trump-warns-elon-musk-to-close-up-shop-china-rallies-behind-worlds-richest-man-theres-no-need-to-keep-putting-up-with-it">Chinese social media</a> rallied behind the billionaire as his feud with Trump intensified over the latter's Big, Beautiful Bill <a href="https://www.benzinga.com/markets/tech/25/07/46270052/as-trumps-big-beautiful-bill-is-signed-into-law-these-evs-from-tesla-gm-and-ford-will-become-more-expensive">signed into law</a> on the Fourth of July.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-1024x199.jpg" alt="" class="wp-image-975718" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025-1536x298.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07235809/TSLA-JUL-8-2025.jpg 1552w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers satisfactory Momentum and Quality while scoring well on the Growth metric. However, the stock offers poor Value. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/46186733/elon-musk-staging-a-political-comeback-tesla-ceo-sparks-america-party-buzz-as-he-slams-trumps-insane-spending-bill">Elon Musk Staging A Political Comeback? Tesla CEO Sparks &#8216;America Party&#8217; Buzz As He Slams Trump&#8217;s &#8216;Insane Spending Bill&#8217;</a></li>
</ul>
Photo courtesy: VTT Studio / Shutterstock.com

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

Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) meme coin teased its official launch on Justin Sun-founded Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) blockchain on Monday.
What Happened:&nbsp;The official X account of the meme coin project said on X, &#8220;TRUMP on TRON is coming. Stay tuned!&#8221;
Tron <a href="https://x.com/trondao/status/1942245235842813969">confirmed </a>the news, stating that the integration has been made possible by LayerZero's interoperability infrastructure. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> on <a href="https://twitter.com/hashtag/TRON?src=hash&amp;ref_src=twsrc%5Etfw">#TRON</a> is coming. Stay tuned! <a href="https://t.co/S5WfV8APvU">pic.twitter.com/S5WfV8APvU</a>
&mdash; TrumpMeme (@GetTrumpMemes) <a href="https://twitter.com/GetTrumpMemes/status/1942196698119369063?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote>
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TRUMP memecoin, currently valued at over $1 billion, has been courting controversy ever since its launch days before Trump&#8217;s inauguration in January. Political opponents and even&nbsp;<a href="https://www.benzinga.com/markets/25/05/45563302/pro-trump-crypto-enthusiasts-slam-trumps-memecoin-dinner-as-distasteful-and-an-unnecessary-distraction-hes-becoming-a-salesman-in-chief" target="_blank" rel="noreferrer noopener">some pro-Trump crypto enthusiasts</a>&nbsp;have voiced concerns about potential conflicts of interest and the possibility of shadowy buyers gaining access to Trump through the memecoin. Trump has&nbsp;<a href="https://in.benzinga.com/25/05/45187462/trump-denies-personal-profit-from-memecoin-venture-i-havent-even-looked" target="_blank" rel="noreferrer noopener">refuted claims</a>&nbsp;that he is financially benefiting from the venture.&nbsp;
See Also:&nbsp;<a href="https://benzinga.com/24/12/42496442/if-you-invested-1000-in-pudgy-penguins-nfts-at-mint-heres-how-much-youd-have-today" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Pudgy Penguins NFTs At Mint, Here&#8217;s How Much You&#8217;d Have Today </a>
Why It Matters:&nbsp;TRUMP memecoin&#8217;s launch on the Tron network is significant given the recent developments surrounding the two entities. 
Sun has deepened engagement with Trump family&#8217;s cryptocurrency ventures of late. Apart from being a<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198909/trump-linked-crypto-platform-world-liberty-financial-appoints-justin-sun-as-advisor-after-30-million-investment"> key investor and advisor</a> at World Liberty Financial, the decentralized finance platform backed by the Trump family, he was invited to an exclusive dinner with the president <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45367052/trump-memecoin-exclusive-dinner-guest-list-revealed-with-justin-sun-shining-at-the-top-rep">as the largest holder</a> of the TRUMP meme coin.
Chinese-born Sun made headlines last year after he <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116475/paying-6-24-million-for-a-duct-taped-banana-justin-sun-did-just-that-and-now-hell-eat-it-as-part-of-this-unique-artistic-experience" target="_blank" rel="noreferrer noopener">purchased an art piece with a banana taped to a wall for $6.2 million</a> and ate the fruit later.
Meanwhile, Tron is <a href="https://www.benzinga.com/crypto/25/06/45951049/justin-suns-tron-plans-us-public-listing-amid-deepening-ties-with-trump-family-and-crypto-political-shift">preparing to go public in the U.S.</a> through a reverse merger with collectibles company SRM Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>).
Price Action:&nbsp; At the time of writing, TRUMP was exchanging hands at $8.51, down 1.86% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;TRX was trading at $0.2871, down 0.42%.
Shares of SRM tumbled 3.44% in after-hours trading after closing 2.93% higher at $8.440 during Monday's regular trading session.
The stock demonstrated a very high Momentum score as of this writing. Do you want to discover the top five stocks on Wall Street with the most Momentum? Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="453" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07233414/image-1-13.png" alt="" class="wp-image-975695" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07233414/image-1-13.png 453w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07233414/image-1-13-300x130.png 300w" sizes="(max-width: 453px) 100vw, 453px" /></a></figure>
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46228386/inside-the-trump-familys-620-million-crypto-empire">Inside The Trump Family&#8217;s $620 Million Crypto Empire</a></li>
</ul>
Photo Courtesy: Kirill Aleksandrovich on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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Trump Memecoin Set To Launch On Tron Network Founded By Chinese-Born Billionaire Who Purchased Banana Duct-Taped To Wall For $6 Million

President Donald Trump's decision to impose 25% tariffs on imports from South Korea and Japan is drawing sharp criticism from economists who say the rationale behind the move is fundamentally flawed.
What Happened: On Monday, Economist Peter Schiff called out Trump&#8217;s public letters to both East Asian nations, saying that they showed &#8220;a complete lack of understanding of trade,&#8221; in a post on X.
Schiff notes that the tariffs charged by Japan on U.S. goods average under 2%, and are even lower in South Korea, at under 1%. &#8220;Our trade deficits result from South Korea and Japan making more goods that Americans want to buy than the goods we make that they want to buy,&#8221; he says.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">Trump Threatens 10% &#8216;Additional&#8217; Tariff On All BRICS-Aligned Nations, Says Tariff Letters Drop At Noon Monday</a>
He also warns that the tariffs are unlikely to achieve their intended effect, which he blames on the falling U.S. dollar in recent months.
&#8220;Trump&#8217;s 25% tariffs will have a minimal effect on our trade deficits with either nation. In fact, as the dollar falls, our trade deficits will likely rise in dollar terms, as we pay more to import less,&#8221; he said.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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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: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46269036/scott-bessent-says-tariff-rates-set-to-boomerang-back-in-august-for-countries-failing-to-strike-a-deal">Scott Bessent Says Tariff Rates Set To &#8216;Boomerang Back&#8217; In August For Countries Failing To Strike A Deal</a></li>
</ul>

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

President Donald Trump notified Japan of 25% tariff rates on Monday, effectively extending negotiations until August 1 as Japan&#8217;s July 20 upper house election constrains deal-making. 
Trump&#8217;s 90-day pause on &#8220;reciprocal&#8221; tariffs expires Wednesday. Treasury Secretary Scott Bessent acknowledged Japan&#8217;s &#8220;domestic constraints,&#8221; telling CNBC, &#8220;We&#8217;ll see where the Japanese deal goes.&#8221;
Japanese negotiator Ryosei Akazawa made seven U.S. trips in April-June, but automobile tariffs remain sticking points. Prime Minister Shigeru Ishiba told NHK Japan won&#8217;t &#8220;make easy compromises.&#8221; The Liberal Democratic Party-Komeito coalition needs 50 seats for stability.
The LDP-Komeito coalition is facing challenges in key single-member districts, which are critical to the election outcome, according to a Nikkei <a href="https://asia.nikkei.com/Economy/Trade-war/Trump-tariffs/Stalled-US-tariff-talks-hinge-on-Japan-s-upper-house-election">survey</a> conducted on Thursday and Friday. 
Any announcement of a tariff increase during the campaign period could further damage support for the Ishiba administration. According to Nikkei, political weakness would limit Japan&#8217;s negotiating flexibility on major concessions.
Read Next: 
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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

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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<iframe loading="lazy" title="Kevin O&#039;Leary: This $28 Habit Is Keeping You Poor! Every Time You Get Paid, Do This!" width="500" height="281" src="https://www.youtube.com/embed/mpAZehPviLQ?start=467&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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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

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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>
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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.

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
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Trading Ideas

$BNB

$BTC

$DOGE

$TON

$XDC

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 $10 million into Tesla right now, hope to make 10%, that's a million bucks?&#8221;
Portnoy says that he aims to make 10% or &#8220;a million bucks&#8221; in under two weeks with this investment, which he then plans to take to the Saratoga Race Course in New York.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Update &#8211; I bought the 10 milly <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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;
<ul class="wp-block-list">
<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>.
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>

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

Small Cap

Press Releases

New Found Gold Continues to Expand Queensway Gold Project at Depth: 38.7 g/t Au over 6.55 m at Dome and 10.3 g/t Au over 8.20 m at Keats South Deep

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New Found Gold Announces C$49 Million Bought Deal Financing and C$20 Million Private Placement: Continued Support with Lead Orders by Strategic Investor Eric Sprott

New Found Gold Increases Previously Announced Bought Deal Financing to C$56 Million; Previously Announced Private Placement Remains at C$20 Million

Offerings

New Found Gold Closes First Tranche of C$56 Million Bought Deal Financing for Gross Proceeds of C$42 Million

New Found Gold Closes Second Tranche of C$63 Million Bought Deal Financing Including Full Exercise of Underwriters' Over-Allotment Option

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