Rocket Lab USA (NASDAQ:RKLB) Stock

ROCKET LAB USA INC

Rocket Lab USA

Rocket Lab USA Inc is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered multiple satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments Launch Services and Space Systems. Geographically it serves Japan, Germany, rest of the world and earns key revenue from the United States.

Rocket Lab USA Inc

US President Donald Trump has been on the receiving end of criticism from Michigan auto and business groups as tariffs on <a href="https://www.benzinga.com/markets/equities/25/04/44578839/trumps-25-tariff-on-imported-vehicles-could-shatter-detroits-auto-economy-warns-business-leaders-it-will-hurt-hardworking-americans">automotive imports </a>remain in effect.
What happened: The Trump administration announced a 90-day halt on multiple tariffs imposed on various US trade partners. The tariffs had sent the global stock markets into upheaval, with trillions of dollars being wiped off. The temporary halt has had a positive effect as global stocks surged higher.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: Stocks surge after President Trump announces a 90-day pause on tariffs, except for China, which he raises to 125%. <a href="https://t.co/EoxwIA26y2">https://t.co/EoxwIA26y2</a>
&mdash; The Associated Press (@AP) <a href="https://twitter.com/AP/status/1910023819172921806?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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However, the 25% tariffs on automotive imports remain in effect. "Michigan's signature industry and the supply chains and employees that sustain it will continue to endure the uncertainty and disruption of these fluctuating trade policies." The Detroit Regional Chamber said in an official statement.
The organization also criticized the administration's decision to impose tariffs on aluminum and steel, both of which are key components in producing vehicles.
Why It Matters: The automotive industry operates on a complex supply chain infrastructure and is dependent on imports to produce vehicles.
Michigan's Democratic Governor Gretchen Whitmer called on the administration to rethink its tariff strategy. "You can't just pull out the tariff hammer to swing at every problem without a clear, defined end goal," she said in a statement to the media.
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The Trump administration also said that they were open to ‘company-specific' exemptions for larger US companies affected by the tariffs, &#8220;There are some that have been hard — there are some that, by the nature of the company, get hit a little bit harder, and we&#8217;ll take a look at that,&#8221; Trump said, though the president didn't specify if that would include car manufacturers.
Automotive tariffs have hit manufacturers hard, with Stellantis — the parent company of Chrysler and Jeep — scaling back on production in Canada and Mexico, and temporarily laying off over 900 employees in the US across various manufacturing plants.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44705972/ford-motor-general-motors-to-witness-higher-demand-as-american-automotives-reap-the-fruit-of-protectionism-says-expert-heres-a-list-of-potential-gainers-and-losers">Ford, GM To Witness &#8216;Higher Demand&#8217; As American Carmakers Set To &#8216;Reap The Fruit Of Protectionism,&#8217; Says Expert: Here&#8217;s A List Of Potential Gainers And Losers From Trump Tariffs</a></li>
</ul>
Photo courtesy: Shutterstock

News

Tech

FORD

Michigan Auto Groups Criticize Donald Trump For Not Halting Auto Tariffs, Say Employees And Supply Chain Will Continue To Endure Uncertainty

Canada&#8217;s telecom giant, Bell Canada, is pushing back against subsidies for Elon Musk&#8216;s Starlink, amid a wave of national criticism for Musk&#8217;s ventures due to his ties with the Trump administration.
What Happened: Bell Canada has urged the Canadian Radio-television and Telecommunications Commission (CRTC) to exclude Starlink from receiving millions in annual subsidies, according to a report by the <a href="https://www.ft.com/content/c58b6633-8b64-4b79-b35b-d00f380b5c3a">Financial Times</a>.
Bell Canada and its subsidiary Northwestel, the country&#8217;s top telecom company by revenue, are opposing the CRTC&#8217;s plan to subsidize Starlink. 
"Starlink charges the same price to Canadian customers no matter where they live," Bell Canada told Fortune. "Therefore, if they were eligible for a subsidy, Canadians in the rest of the country would pay more than those in North. This outcome is against the purpose of the proposed subsidy,&#8221; the telecom giant added.
SpaceX, Starlink&#8217;s parent company, counters that Bell&#8217;s actions would restrict options for individuals in remote and isolated communities, including Aboriginal groups. The CRTC has stated that the public consultation on the Internet service subsidy is ongoing and a decision will be announced in due time.
Meanwhile, Geoff White, the executive director of the Public Interest Advocacy Centre (PIAC) told FT, "We should not be giving one cent of public money to an unaccountable imperialist like Elon Musk.&#8221; White has advocated for more accessible and affordable internet services for all Canadians.
SEE ALSO: <a href="https://benzinga.com/news/global/25/04/44725016/us-steel-stock-tumbles-as-trump-says-we-dont-want-to-see-it-go-to-japan" target="_blank" rel="noreferrer noopener">US Steel Stock Tumbles As Trump Says &#8216;We Don&#8217;t Want To See It Go To Japan&#8217;</a>
Why It Matters: This development comes in the wake of a series of setbacks for <a href="https://www.benzinga.com/25/02/43446852/elons-trump-alignment-costs-him-his-canada-starlink-contract">Musk&#8217;s ventures </a>in Canada. In February, Ontario Premier Doug Ford scrapped a nearly $100 million contract with Starlink, citing U.S. tariffs threatening Canadian businesses. FT also reported that ​Quebec, which invested nearly $130 million since May 2022 to provide high-speed internet to remote areas through a partnership with Starlink, will not renew its subsidy program when it expires in June. The provincial government is exploring the development of a Canadian-owned satellite system to achieve &#8220;connectivity sovereignty&#8221; and reduce reliance on foreign providers.
In March, Tesla&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) electric vehicle charging stations and home batteries were <a href="https://www.benzinga.com/markets/25/03/44321211/tesla-charging-stations-cut-from-rebate-program-by-canadian-province-most-people-would-support-their-removal-from-subsidy-list-says-minister">excluded from rebates</a> in the Canadian province of British Columbia due to U.S.-Canada trade tensions. 
The dispute in Canada highlights how Elon Musk's strong association with former U.S. President Donald Trump has made his global business ventures more vulnerable. Currently, about half of Musk's net worth—exceeding $300 billion—is linked to SpaceX, which was recently valued at $350 billion in a private tender offer.
These events have contributed to the nationwide disapproval of Musk&#8217;s ventures and may influence the CRTC&#8217;s decision on Starlink&#8217;s subsidies.
<ul>
<li>READ MORE: <a href="https://benzinga.com/markets/cryptocurrency/25/04/44721390/bitcoin-ethereum-xrp-dogecoin-explode-higher-as-trump-hits-pause-on-reciprocal-tariffs" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Explode Higher As Trump Hits Pause On Reciprocal Tariffs &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

TSLA

Canadian Telecom Giant Pushes Back On SpaceX's Starlink Subsidies, Activists Slam Public Funding For 'Unaccountable Imperialist Like Elon Musk'

<h3>Companies Reporting Before The Bell</h3>
• CureVac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) is likely to report quarterly loss at $0.09 per share on revenue of $20.58 million. 
• CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $5.96 billion. 
• Byrna Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $26.15 million. 
• Bank7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSVN#NASDAQ">BSVN</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $22.86 million. 
• Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $20.20 million. 
• Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) is projected to report quarterly earnings at $1.85 per share on revenue of $230.33 million. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

BSVN

BYRN

CVAC

LOVE

NTIC

Earnings Scheduled For April 10, 2025

LEDS

SemiLEDs Q2 EPS $0.05 Up From $(0.11) YoY, Sales $10.87M Up From $886.00K YoY

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is all set to begin sales operations in Saudi Arabia as the Elon Musk-led EV giant looks to expand its global presence.
What happened:  According to a post shared by Tesla influencer Sawyer Merritt on X, Tesla has begun selling its cars in Saudi Arabia. In a post shared in late March, Tesla's official Europe and Middle East handle had released a short video teasing the arrival of the company in Saudi Arabia.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEWS: Tesla has officially begun selling its cars in Saudi Arabia today. The country plans to scale from 100 to 5,000 charging stations by 2030. <a href="https://t.co/1h6a1P8eVy">pic.twitter.com/1h6a1P8eVy</a>
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1910173967442125191?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
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According to Tesla, the launch event is set to take place on April 10, 2025 Riyadh, and will showcase the company's global lineup of vehicles as well as the Cybercab and Tesla's Optimus line of humanoid robots.
However, Tesla could face some challenges as Saudi Arabia has been slow to adopt EVs and faces hurdles, including a weak charging infrastructure.
Why it matters: Saudi Arabia has ambitious plans for EVs as the Public Investment Fund, the Kingdom's Sovereign Wealth Fund, laid out the target of producing 500,000 battery-powered vehicles by the year 2030. The PIF also owns a stake in US-based EV company Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>).
Tesla's entry into the Kingdom could indicate a shift in relations between Musk and the PIF, which were at the center of the ‘funding secured' debacle and lawsuit as the billionaire claimed the PIF had ‘backpedaled' on its commitment to invest in his company.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Am considering taking Tesla private at $420. Funding secured.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1026872652290379776?ref_src=twsrc%5Etfw">August 7, 2018</a></blockquote>
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US President Donald Trump is all set to make his first foreign visit for his second term in the coming weeks. Trump had called on the Kingdom to invest over $1 trillion into the U.S. economy in a meeting earlier this year.
Musk's close ties with the Trump administration, as well as his position as the head of the Department of Government Efficiency (DOGE), could be key as Tesla aims to bolster its presence in the region.
Price action: Tesla's stock recently experienced a bump in value and is currently trading at $272.20 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link.</a>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/04/44710082/trumps-liberation-day-tariffs-wipe-out-174-billion-from-the-net-worth-of-worlds-top-10-billionaires-including-warren-buffett">Trump&#8217;s Tariff Turmoil Topples Ultra-Rich&#8217;s Wealth — $174B Wiped Out From Fortunes Of World&#8217;s Top 10 Billionaires, Including Elon Musk, Warren Buffett And Mark Zuckerberg</a></li>
</ul>
Photo courtesy: Shutterstock

LCID

Elon Musk's Tesla Starts Selling In Saudi Arabia Amid Declining Sales In Europe: Charging Network, Low Demand Could Be A Concern

Former Vice President Mike Pence shared concerns that President Donald Trump's <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">sweeping tariffs</a> could become a political flashpoint for Republicans in the midterm elections. Pence labelled the policy "a misstep" despite praising other early decisions in Trump's second term.
What Happened: Trump announced a 125% tariff on China and a 10% baseline on other nations, prompting bipartisan alarm. Speaking <a href="https://thehill.com/homenews/administration/5241606-mike-pence-trump-tariffs-concerns/">to</a> The Hill, Pence hailed a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44721874/trumps-tariff-pause-saves-market-from-edge-of-the-cliff-dan-ives-says-biggest-wild-card-still-remains">90-day pause </a>on tariffs for allies but warned that if left as it is, the strategies would amount to "the largest peacetime tax hike in American history."
See Also: <a href="https://www.benzinga.com/25/04/44727235/how-wall-street-and-tech-leaders-reacted-to-trumps-surprise-tariff-stance-reversal">Mark Cuban, Ray Dalio, Bill Ackman And Other Notables Share Their Take On Trump Tariff Pause: &#8216;We Have Not Escaped…&#8217;</a>
Why It Matters: Pence stressed that tariffs are ultimately paid by American companies and consumers. "The hardship they'd place on <a href="https://www.benzinga.com/news/global/25/04/44723751/billionaire-investor-bill-ackman-praises-trumps-tariff-pause-thank-you-on-behalf-of-all-americans">working families</a> and businesses large and small" could damage the GOP, he said, despite supporting tough trade action on China.
Pence's group, Advancing American Freedom, released ads warning the tariffs would harm farmers and consumers. While he remains in agreement with Trump on several issues, Pence's stance was crystal clear: "Tariffs are a cost passed on to American consumers."
Read Next: <a href="https://www.benzinga.com/news/global/25/04/44723751/billionaire-investor-bill-ackman-praises-trumps-tariff-pause-thank-you-on-behalf-of-all-americans">Trump Predicts &#8216;Tremendous, Thundering Landslide&#8217; In 2026 Midterms, Says Tariffs Will Help Republicans Win Big</a>
Image via White House

Politics

General

Former Vice President Mike Pence Calls Trump's Tariff Moves 'Misstep,' Cites Potential Economic Harm To Working Families

Following President Donald Trump&#8216;s global tariffs, a leading tech analyst has predicted that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones could see a <a href="https://in.benzinga.com/analyst-ratings/price-target/25/04/44720209/apple-faces-up-to-90-cost-surge-on-iphones-if-us-tariffs-stick-analyst-looks-at-possible-shift-to-india-price-increase">significant price hike</a> if manufacturing shifts to the U.S.
What Happened: Dan Ives, the global head of technology research at Wedbush Securities, suggests that iPhones manufactured in the U.S. could cost more than three times their current price, reaching around $3,500. This is due to the necessity to recreate the complex production ecosystem that currently exists in Asia.
&#8220;You build that (supply chain) in the U.S. with a fab in West Virginia and New Jersey. They&#8217;ll be $3,500 iPhones,&#8221; Ives told <a href="https://edition.cnn.com/2025/04/09/tech/apple-iphones-cost-tariffs-impact-intl-hnk/index.html">CNN</a> on Wednesday. He also stated that it would cost Apple roughly $30 billion and three years to move just 10% of its supply chain to the U.S.
Since Trump took office, Apple&#8217;s shares have fallen over 10% due to tariff-related concerns impacting its extensive supply chain, which is heavily dependent on China and Taiwan. Approximately 90% of iPhones are assembled in China.
See Also: <a href="https://benzinga.com/25/04/44644765/tom-lee-predicts-a-market-rebound-after-april-9-as-absurd-tariffs-could-spur-potential-negotiations" target="_blank" rel="noreferrer noopener">Tom Lee Predicts a Market Rebound After April 9 As &#8216;Absurd&#8217; Tariffs Could Spur Potential Negotiations</a>
Despite Apple&#8217;s announcement in February to invest<a href="https://www.benzinga.com/tech/25/02/43910982/apple-commits-500-billion-in-us-investment-for-ai-push-boost-us-manufacturing-tech"> $500 billion</a> in the U.S. over the next four years to expand production outside China and avoid Trump&#8217;s tariffs, tech analysts concur that iPhone prices are likely to increase, even if supply chains remain in their current locations.
Why It Matters: In his latest Truth Social post, Trump <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">lashed out at China,</a> accusing the country of displaying &#8220;a lack of respect&#8221; toward the United States. He announced a sharp escalation in trade tensions, unveiling a 125% tariff on Chinese imports effective immediately. "At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable," he said.
Trump praised the more than 75 countries that, according to him, &#8220;have not, at my strong suggestion, retaliated in any way, shape, or form.&#8221; As a gesture of goodwill, he said these nations would receive a temporary 10% reciprocal tariff and a 90-day freeze on any new duties.
Meanwhile, the potential rise in iPhone prices <a href="https://in.benzinga.com/media/25/04/44679666/apple-customers-flock-to-stores-as-tariffs-threaten-to-drive-iphone-prices-up-by-45-report">has triggered a surge</a> of customers flocking to Apple Stores to buy new devices before the hikes take effect.
Apple also reportedly planned to shift more of its <a href="https://in.benzinga.com/25/04/44677880/apple-reportedly-plans-to-move-more-iphone-production-to-india-amid-trump-tariff-fearscould-this-solve-the-300-price-hike-on-550-hardware">iPhone production to India</a> to mitigate the financial impact of Trump&#8217;s escalating tariffs on Chinese goods, potentially offsetting the projected price increase on its device. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://benzinga.com/article/17109647" target="_blank" rel="noreferrer noopener">MARL 5G Accelerator Announces Fall 2020 Cohort Portfolio Startups </a>
Image via Shutterstock

Equities

AAPL

Trump's Tariffs Could Push Apple iPhone Prices To A Staggering $3,500, Says Top Analyst

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/FAST/earnings">opening bell on Friday, April 11.</a>
Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 52 cents per share, compared to 52 cents per share in the year-ago period. Fastenal projects to report quarterly revenue at $1.95 billion, compared to $1.9 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 17, Fastenal reported sales growth of 3.7% year-over-year to $1.825 billion, missing the consensus of $1.844 billion.
Fastenal shares gained 7.4% to close at $76.47 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/fast/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>William Blair analyst Ryan Merkel upgraded the stock from Market Perform to Outperform on March 10, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Jefferies analyst Stephen Volkmann maintained a Hold rating and raised the price target from $74 to $85 on Dec. 6, 2024. This analyst has an accuracy rate of 71%.</li>
<li>UBS analyst Amit Mehrotra assumed a Neutral rating and increased the price target from $71 to $88 on Nov. 13, 2024. This analyst has an accuracy rate of 75%.</li>
<li>Morgan Stanley analyst Chris Snyder maintained an Equal-Weight rating and raised the price target from $72 to $76 on Oct. 14, 2024. This analyst has an accuracy rate of 66%.</li>
<li>Baird analyst David Manthey maintained a Neutral rating and raised the price target from $67 to $80 on Oct. 14, 2024. This analyst has an accuracy rate of 74%.</li>
</ul>
Considering buying FAST stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57-1024x577.png" alt="" class="wp-image-865291" style="width:589px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57-1024x577.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57.png 1121w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44710375/top-2-materials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Materials Stocks That May Fall Off A Cliff This Quarter</a> </li>
</ul>
Photo via Shutterstock

Price Target

Analyst Ratings

Trading Ideas

FAST

Top Wall Street Forecasters Revamp Fastenal Price Expectations Ahead Of Q1 Earnings

Key Democratic lawmakers are demanding investigations into potential insider trading related to President Donald Trump&#8216;s market communications before he announced a 90-day tariff pause that triggered <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">Wall Street&#8217;s strongest rally since 2008</a>.
What Happened: Rep. Adam Schiff (D-Calif.) and Sen. Elizabeth Warren (D-Mass.) raised concerns Wednesday about a Truth Social post where Trump wrote in all capital letters, &#8220;THIS IS A GREAT TIME TO BUY!!! DJT&#8221; just hours before announcing the tariff pause that sent markets soaring.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">THIS IS A GREAT TIME TO BUY!!! DJT
&mdash; Trump Posts on &#120143; (@trump_repost) <a href="https://twitter.com/trump_repost/status/1909964158939910402?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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&#8220;Is Donald Trump&#8217;s inner circle illegally profiting off of these huge swings in the stock market by insider trading? Congress must find out,&#8221; Schiff wrote on X, questioning who knew about the president&#8217;s plans before the announcement.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is Donald Trump&#39;s inner circle illegally profiting off of these huge swings in the stock market by insider trading? Congress must find out. <a href="https://t.co/ZZGX99PtFE">pic.twitter.com/ZZGX99PtFE</a>
&mdash; Adam Schiff (@SenAdamSchiff) <a href="https://twitter.com/SenAdamSchiff/status/1910115165254590512?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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The Nasdaq climbed nearly 12%, while the S&amp;P 500 tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 9.5% following Trump&#8217;s surprising decision to pause country-by-country tariffs for 90 days. 
Warren called for &#8220;an investigation into whether Trump manipulated the market to benefit his Wall Street donors.&#8221; She added, &#8220;It sure looks like corruption.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;m calling for an investigation into whether President Trump manipulated the market to benefit his Wall Street donors—all while working people and small businesses paid the price. Did Trump help insiders cash in on his tariff flip-flopping? It sure looks like corruption. <a href="https://t.co/5QZ1X5YOpz">pic.twitter.com/5QZ1X5YOpz</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1910095958752231621?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/25/04/44728207/trump-says-this-is-a-great-time-to-buy-but-portfolio-managers-give-a-reality-check-permanent-damage-has-been-done">Trump Says &#8216;This Is A Great Time To Buy,&#8217; But Portfolio Managers Give A Reality Check: &#8216;Permanent Damage Has Been Done&#8217;</a>
Why It Matters: Trump Media and Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), in which the president holds a 52.9% stake, closed 21.7% higher Wednesday at $20.27, adding approximately $410 million to Trump&#8217;s net worth before climbing another 5.23% in after-hours trading. The Official Trump (TRUMP) meme coin also gained 7.51%.
Gene Munster of Deepwater Asset Management cautioned investors that &#8220;we&#8217;re not out of the woods yet,&#8221; noting Trump&#8217;s efforts to &#8220;right-size China&#8230; will take time and involve some negative headlines,&#8221; despite Goldman Sachs scrapping its recession forecast following the <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">tariff pause announcement</a>.
Trump transferred his entire Trump Media stake to a trust controlled by Donald Trump Jr. before taking office, though he had promised during his campaign not to <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44726952/trump-media-surges-after-hours-following-a-21-rally-makes-potus-richer-by-410-millionofficial-trump-memecoin-also-gains">sell his shares in the company</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44727511/harley-davidson-boardroom-turmoil-director-resigns-demands-ceo-jochen-zeitz-step-down-over-cultural-depletion-and-brand-decline">Harley-Davidson Boardroom Turmoil: Director Resigns, Demands CEO Jochen Zeitz Step Down Over &#8216;Cultural Depletion&#8217; And Brand Decline</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Adam Schiff And Elizabeth Warren Call For Investigation Into Possible Insider Trading By Trump Allies As Markets Surge After 90-Day Tariff Pause: 'It Sure Looks Like Corruption'

Dave Ramsey advocates a two-pronged approach to tackling the nation's $36 trillion debt: cutting excessive government spending and boosting revenue by lowering taxes to stimulate the economy.
What Happened: Responding to a caller&#8217;s question on tackling the national debt on an episode of &#8216;The Ramsey Show,&#8217; Ramsey says, "It is kind of fun to watch them take a machete to the ridiculous spending," Ramsey observes that even though running a government of any size is &#8220;a different endeavor&#8221; to personal finance, he remarks that "the principle of being debt free still stands." 
Drawing from personal finance's "get an extra job" strategy, he applies it at the federal level. "If you want to get out of debt, one of the things we tell you to do is get an extra job, right?&#8230; Let's increase the income of the United States of America by increasing the revenues produced by the tax system by, oddly enough, lowering the tax rates."
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<iframe loading="lazy" title="How Dave Ramsey Would Handle the National Debt" width="500" height="281" src="https://www.youtube.com/embed/fS7-l8TEx-Y?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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See also: <a href="https://www.benzinga.com/markets/25/04/44727390/jensen-huang-turned-the-tide-with-mar-a-lago-dinner-trump-administration-reportedly-backs-down-on-h20-chip-china-export-restrictions">Jensen Huang Turned The Tide With Mar-A-Lago Dinner? Trump Administration Reportedly Backs Down On H20 Chip China Export Restrictions</a>
Ramsey refers to the <a href="https://www.benzinga.com/general/education/19/06/13936762/supply-side-economist-arthur-laffer-to-receive-the-presidential-medal-of-freedom">Laffer curve</a>, saying, "Art Laffer has&#8230; the theory of.. as to a certain degree as you lower taxes&#8230; the economy heats up&#8230; because the people that are making money are putting money back into their businesses.. they make yet more money and they pay yet more taxes even though the rate is lower." He also critiques <a href="https://in.benzinga.com/25/02/43839198/reduce-deficits-and-debt-full-stop-says-this-economist-as-trump-mulls-doge-dividend-by-giving-away-20-of-its-savings-to-public">Keynesian economics</a>, remarking, "I'm not a believer&#8230; I'm a free market guy."
On the spending side, Ramsey supports Elon Musk-led <a href="https://www.benzinga.com/topic/department-of-government-efficiency">DOGE&#8217;s</a> aggressive cost-cutting measures: "Cut the snot out of the expenses. So if you could ever get it right side up&#8230; then could you start to pay off the debt? Absolutely, you could."
He also talks about the detrimental impact of government borrowing: "When the government runs debt it sucks the bone marrow out of the economy." Yet he remains optimistic that halting this practice would ignite growth: "The thing could really heat up and the revenues could go through the roof."
Ultimately, Ramsey likens this approach to the radical shift individuals undergo when they decide to eliminate their own debt. "You're going to go do radical stuff to get your life back and get out of debt."
Image via Ramsey Solutions
Read next: <a href="https://www.benzinga.com/25/04/44727594/jack-dorseys-block-is-making-it-easy-for-companies-to-manage-their-bitcoin-treasuryheres-how">Jack Dorsey&#8217;s Block Is Making It Easy For Companies To Manage Their Bitcoin Treasury—Here&#8217;s How</a>

Economics

Dave Ramsey Says Putting A Lid On Government Spending Could Spur Quick Recovery, But Wants America To Get An Extra Job

TSMC ((TWSE: 2330, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) today announced its net revenue for March 2025: On a consolidated basis, revenue for March 2025 was approximately NT$285.96 billion, an increase of 10.0 percent from February 2025 and an increase of 46.5 percent from March 2024. Revenue for January through March 2025 totaled NT$839.25 billion, an increase of 41.6 percent compared to the same period in 2024.

Taiwan Semiconductor Manufacturing Reported March 2025 Revenue Growth Of 46.5% YoY, Q1 Revenue Growth Of 41.6% YoY

Warren Buffett, legendary stock picker and one of the world&#8217;s wealthiest individuals, has refused to include Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in his portfolio, with an aversion so strong that even shorting the asset is a strict no-no.
Interestingly, the &#8220;Oracle of Omaha,&#8221; like a few other detractors, does not view the underlying blockchain technology with the same disdain.
What happened: During an interview with CNBC in February 2019, Buffett dissed Bitcoin, deeming it a "delusion" and an asset that lacks unique value.
Notably, amid the Bitcoin bashing, the Berkshire Hathaway CEO referred to blockchain as &#8220;important.&#8221;
Buffett went on to say that people &#8220;smarter&#8221; than him explained to him that blockchain does not depend on Bitcoin. He cited the example of a <a href="https://www.benzinga.com/markets/cryptocurrency/20/10/18086908/jpmorgan-says-its-cryptocurrency-jpm-coin-is-now-live">dollar-backed stablecoin</a>, JPM Coin, launched by JPMorgan Chase, potentially implying that blockchains could be used to create non-speculative and valuable assets.
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This softer stance was similar to that of JP Morgan CEO Jamie Dimon, who, while holding a negative view about Bitcoin, has time and again <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/42940832/jamie-dimon-says-hes-not-against-blockchains-but-trades-guns-on-bitcoin-again-it-has-no-intrinsic-value-i-just-dont-feel-great-about">recognized the importance of blockchain technology</a>.
It&#8217;s worth noting that since this interview, Buffett hasn&#8217;t said much about blockchains, so a thorough understanding of his views is still needed.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44677895/another-crypto-firm-set-to-go-public-galaxy-digital-foresees-nasdaq-listing-soon-after-sec-approves-delaware-move">Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move</a>
Why It Matters: Buffett earned notoriety in cryptocurrency circles when he described Bitcoin as <a href="https://in.benzinga.com/markets/cryptocurrency/24/10/41319774/if-you-invested-1-000-in-bitcoin-when-warren-buffett-called-it-rat-poison-squared-heres-ho">&#8220;probably rat poison squared&#8221;</a> during an interview in 2018.
Months before, at Berkshire Hathaway&#8217;s <a href="https://www.benzinga.com/general/24/03/37513063/warren-buffett-says-he-wouldnt-pay-25-for-all-the-bitcoin-in-the-world-he-considers-crypto-rat-poiso">annual shareholder meeting</a> in 2018, he predicted cryptocurrency would have a &#8220;bad ending&#8221; and said that his company wouldn't even short them.
"If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth."
Price Action:  At the time of writing, Bitcoin was exchanging hands at $81,880.34, up 6.29% 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>. 
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/04/44677671/does-the-us-government-know-who-is-satoshi-nakamoto-crypto-lawyer-sues-department-of-homeland-security-to-unravel-bitcoin-creators-identity">Crypto Attorney Sues US Government To Unmask Satoshi Nakamoto, Creator Of Bitcoin</a></li>
</ul>

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

Cryptocurrency

$BTC

Warren Buffett Called Bitcoin A 'Delusion' And Jamie Dimon Isn't A Fan Either, But They Don't Mind The Technology That Lies Beneath

Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/MS/earnings">opening bell on Friday, April 11</a>.
Analysts expect the New York-based bank to report quarterly earnings at $2.19 per share, up from $2.02 per share in the year-ago period. Morgan Stanley projects to report quarterly revenue at $16.55 billion, compared to $15.14 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 16, Morgan Stanley posted better-than-expected fourth-quarter results.
Morgan Stanley shares gained 11.4% to close at $111.70 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MS/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>B of A Securities analyst Michael Carrier maintained a Buy rating and cut the price target from $150 to $144 on April 2, 2025. This analyst has an accuracy rate of 80%.</li>
<li>Wells Fargo analyst Whit Mayo maintained an Equal-Weight rating and slashed the price target from $142 to $130 on March 28, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Neutral rating and lowered the price target from $135 to $125 on March 24, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and cut the price target from $144 to $126 on March 19, 2025. This analyst has an accuracy rate of 70%.</li>
<li>UBS analyst Brennan Hawken maintained a Neutral rating and raised the price target from $130 to $140 on Jan. 21, 2025. This analyst has an accuracy rate of 69%.</li>
</ul>
Considering buying MS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56-1024x585.png" alt="" class="wp-image-865257" style="width:553px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56.png 1106w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/25/04/44710375/top-2-materials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Materials Stocks That May Fall Off A Cliff This Quarter</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Morgan Stanley Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed easing in the overall fear level, while the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday.
U.S. stocks settled sharply higher on Wednesday, with the Dow Jones index jumping more than 2,900 points during the session.
The S&amp;P 500 also jumped 9.52% to record its biggest single-day surge since 2008 as investors cheered a surprise announcement from President Donald Trump: a 90-day pause on tariffs for countries that have not retaliated against U.S. trade measures.
However, Trump&#8217;s latest Truth Social post slammed China for showing "a lack of respect" and declared an immediate 125% tariff hike on Chinese goods.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares jumped over 15%, while Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged around 19% on Wednesday. Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also jumped more than 22% during the session.
On the economic data front, U.S. mortgage application volumes climbed by 20% from the previous week during the first week of April.
All sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, information technology, and communication services stocks recording the biggest gains on Wednesday.
The Dow Jones closed higher by around 2,963 points to 40,608.45 on Wednesday. The S&amp;P 500 jumped 9.52% to 5,456.90, while the Nasdaq Composite jumped 12.16% to 17,124.97 during Wednesday's session.
Investors are awaiting earnings results from CarMax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>), The Lovesac Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>), and Northern Technologies International Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 16.5, the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday, versus a prior reading of 3.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44710375/top-2-materials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Materials Stocks That May Fall Off A Cliff This Quarter</a> </li>
</ul>
Photo via Shutterstock

NVDA

S&P 500 Records Biggest Surge Since 2008 As Trump Pauses Tariffs: Greed Index Remains In 'Extreme Fear' Zone

Nokia, Digita and CoreGo collaborate to enhance the customer experience at large events&nbsp;
<ul>
<li>Nokia Digital Automation Cloud (DAC) private wireless ensures fast and reliable payment transactions and seamless network connections.</li>
<li>Quick verification and seamless payment solution enable customers to enjoy events without delays.</li>
</ul>

Nokia, Digita, And CoreGo Expand Partnership To Power Seamless Payments And Connectivity At Large-Scale Events

Hedge fund manager Ray Dalio praised President Donald Trump&#8216;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44721874/trumps-tariff-pause-saves-market-from-edge-of-the-cliff-dan-ives-says-biggest-wild-card-still-remains">decision to press pause</a> on the tariffs imposed on several of the country&#8217;s trading partners on Wednesday, with the exception of China.
What Happened: In a post on X, the billionaire founder of Bridgewater Associates said &#8220;Trump&#8217;s decision to step back from a worse way and negotiate how to deal with these imbalances is a much better way,&#8221; before urging the President to conclude the trade deal with China and focus on reducing the fiscal deficit to 3% of GDP.
Dalio suggested a deal with China that involves &#8220;appreciating the RMB [Renminbi] against the [U.S.] dollar&#8221; which can be achieved by the &#8220;Chinese selling dollar assets while also easing their fiscal and monetary policies to stimulate their demand.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is a great time for all involved to reconsider their approaches!  There are better and worse ways of handling our problems with unsustainable debt and imbalances, and President Trump&#39;s decision to step back from a worse way and negotiate how to deal with these imbalances is…
&mdash; Ray Dalio (@RayDalio) <a href="https://twitter.com/RayDalio/status/1910166431053815819?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
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A renowned macro expert, Dalio then suggested Trump focus on &#8220;cutting the [fiscal] deficit to 3pct of GDP&#8221; before linking to a chapter of his new book &#8216;How Countries Go Broke&#8217; where he describes how this is to be done without any disruption.
See More: <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">US Futures Edge Higher, Nikkei Surges 8% As Trump&#8217;s 90-Day Tariff Pause Triggers Historic Rally, Analyst Warns &#8216;We&#8217;re Not Out Of The Woods Yet&#8217;</a>
Why It Matters: According to Reuters, policymakers in the country were planning to further undervalue the Yuan in December to reduce the impact of tariffs. Treasury Secretary Scott Bessent addressed this issue early this week, saying, &#8220;If China tries to devalue their way out of this, then that&#8217;s a tax on the rest of the world.&#8221;
Even The Economist&#8217;s Big Mac Index, a measure of purchasing power parity between different currencies, suggests that the Yuan is <a href="https://www.benzinga.com/startups/25/02/43580928/40-cheaper-in-china-what-the-big-mac-index-says-about-trumps-tariff-plans">substantially undervalued</a> against the U.S. dollar, giving credence to Dalio&#8217;s suggestions.
Image via Shutterstock
Read More: <a href="https://www.benzinga.com/news/global/25/04/44727311/china-warns-citizens-over-us-travel-after-trumps-tariff-hike-triggers-retaliation-cites-deteriorating-relations-and-rising-security-risks">China Warns Citizens Over US Travel After Trump&#8217;s Tariff Hike Triggers Retaliation, Cites &#8216;Deteriorating&#8217; Relations And Rising Security Risks</a>

Ray Dalio Praises Trump's Tariff Reversal, Urges US-China Deal And Deficit Reduction: Decision To Step Back A 'Better Way' To Handle Problems

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects CarMax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) to report quarterly earnings at 65 cents per share on revenue of $5.96 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. CarMax shares fell 0.1% to $79.98 in after-hours trading.</li>
<li>Amtech Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASYS#NASDAQ">ASYS</a>) cut its revenue forecast for the second quarter from $21 million-$23 million to $15 million-$16 million. Amtech shares dipped 8% to $3.92 in the after-hours trading session.</li>
<li>Analysts are expecting The Lovesac Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) to post quarterly earnings at $1.87 per share on revenue of $233.95 million. The company will release earnings before the markets open. Lovesac shares gained 0.1% to $15.95 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Richardson Electronics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) posted better-than-expected earnings for its third quarter, while sales missed estimates. Richardson Electronics shares climbed 4.8% to $10.26 in the after-hours trading session.</li>
<li>Analysts expect Northern Technologies International Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) to post quarterly earnings at 6 cents per share on revenue of $20.20 million before the opening bell. Northern Technologies International shares gained 5.3% to close at $9.74 on Wednesday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44710375/top-2-materials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Materials Stocks That May Fall Off A Cliff This Quarter </a></li>
</ul>
Photo via Shutterstock

ASYS

RELL

CarMax, Lovesac And 3 Stocks To Watch Heading Into Thursday

CONSOLIDATED NET REVENUES (UNAUDITED)
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Mar</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Mar</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">53,748</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">44,961</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">45,661</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+19.5&nbsp;%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+17.7&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Mar</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Feb</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Mar</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1,638</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1,374</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1,449</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+19.2&nbsp;%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+13.1&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">148,153</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">162,264</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">132,803</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">-8.7&nbsp;%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+11.6&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4,518</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5,046</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4,243</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+10.5&nbsp;%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+6.5&nbsp;%</td>
</tr>
</tbody>
</table>
</figure>

ASE Technology Reported March 2025 Revenue Of $1.64B, Up 13.1% YoY; Q1 Revenue Of $4.52B, Up 6.5% YoY

Alexandria Ocasio-Cortez (D-N.Y.) has called for a disclosure by Congress members after observing that the Nasdaq call volume spiked minutes before President Donald Trump&#8216;s announcement on a tariff pause.
What Happened: Trump announced a pause in the tariffs in a Truth Social post around 1:18 p.m. ET on Wednesday.
However, the data shared by Spencer Hakimian, the founder of Tolou Capital Management and Unusual Whales, a popular social media commentator and online suite for data feeds and tools on options flows, showed that call volumes for various contracts started spiking around 1:00 p.m. ET.
AOC, in an X post, said that &#8220;Any member of Congress who purchased stocks in the last 48 hours should probably disclose that now.&#8221;
While the disclosure deadline is May 15, AOC added that &#8220;We're about to learn a few things. It's time to ban insider trading in Congress.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Any member of Congress who purchased stocks in the last 48 hours should probably disclose that now. I've been hearing some interesting chatter on the floor. Disclosure deadline is May 15th. We're about to learn a few things. It's time to ban insider trading in Congress. <a href="https://t.co/YBKMGbraAu">https://t.co/YBKMGbraAu</a>
&mdash; Alexandria Ocasio-Cortez (@AOC) <a href="https://twitter.com/AOC/status/1910153921252696559?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On the other hand, Unusual Whales highlighted that SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) 509 calls expiring on Wednesday, April 9, surged 2100% in one hour.
Meanwhile, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) 406 calls expiring on April 17, also surged. &#8220;Insane, someone knew,&#8221; said Unusual Whales in its X post.
<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">Alright, I think people knew of the tariff pause and traded it beforehand. You can see before Trump posted &quot;buy&quot; on Truth Social, traders opened <a href="https://twitter.com/search?q=%24QQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QQQ</a> <a href="https://twitter.com/search?q=%24TQQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TQQQ</a> and <a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a> calls RIGHT BEFORE THE NEWS, someone opened <a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a> 509 calls, expiring TODAY!!!!!!!!!!!!!!!!!!!! Those calls are… <a href="https://t.co/8hG2i5Oijt">pic.twitter.com/8hG2i5Oijt</a>
&mdash; unusual_whales (@unusual_whales) <a href="https://twitter.com/unusual_whales/status/1910033260975165836?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/04/44705972/ford-motor-general-motors-to-witness-higher-demand-as-american-automotives-reap-the-fruit-of-protectionism-says-expert-heres-a-list-of-potential-gainers-and-losers">Ford, GM To Witness &#8216;Higher Demand&#8217; As American Carmakers Set To &#8216;Reap The Fruit Of Protectionism,&#8217; Says Expert: Here&#8217;s A List Of Potential Gainers And Losers From Trump Tariffs</a>
Why It Matters: Days before the pause, U.S. Rep. Marjorie Taylor Greene (R-Ga.) on Tuesday, April 8, disclosed the purchase of several stocks that faced steep drawdowns last week. This included tech giants Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The purchases were made on April 3 and April 4, according to the <a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene">Benzinga Government Trades tracker</a>, and all trades reported in the filing have a reported value ranging from $1,000 to $15,000. 
Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), and FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) are some of the other <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/04/44697177/marjorie-taylor-greene-buys-the-dip-congresswoman-purchases-shares-of-apple-amazon-nike-and-more-following-tariff-related-sell-off">17 total stocks she purchased</a>. 
Price Action: SPY rose by 10.50% on Wednesday, whereas QQQ advanced 12.00%.
Nasdaq 100 rose to exit the bear territory and was down 13.85% from its previous record of 22,222.61 points. The S&amp;P 500 was still in the correction zone, down 11.23% from its last high of 6,147.43 points. Whereas Dow Jones was 9.91% lower than its 52-week high of 45,073.63 points.
On Thursday, the futures of Dow were down by 0.22%, and the futures of S&amp;P 500 and the Nasdaq 100 index were 0.56% and 1.03% lower, respectively.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44705659/cathie-wood-points-to-serious-liquidity-issues-as-overnight-borrowing-rate-spreads-widen-on-spiking-treasury-yields-this-crisis-is-calling-out-for-some-kind-of-mar-a-lago-accord">Cathie Wood Points To &#8216;Serious Liquidity Issues&#8217; As Overnight Borrowing Rate Spreads Widen On Spiking Treasury Yields: &#8216;This Crisis Is Calling Out For Some Kind Of Mar-a-Lago Accord&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Regulations

Broad U.S. Equity ETFs

Futures

Options

ETFs

AMZN

DELL

SPY, QQQ Call Volumes Spiked Minutes Before Tariff Pause Announcement: Alexandria Ocasio-Cortez Demands Disclosure From Congress Members

U.S.-China tensions are impacting university campuses, with Chinese students <a href="https://www.benzinga.com/news/global/25/04/44727311/china-warns-citizens-over-us-travel-after-trumps-tariff-hike-triggers-retaliation-cites-deteriorating-relations-and-rising-security-risks">caught in the crossfire</a>. Visa revocations and surveillance of political opinions are triggering confusion and fear among those pursuing degrees across institutions in America.
What Happened: Several Chinese students reported their U.S. visas were abruptly revoked, according to <a href="https://www.wsj.com/politics/policy/china-us-student-visas-travel-advisories-6f194b3e?mod=hp_lead_pos10">a</a> Wall Street Journal report.
"We pay too much money to experience this kind of nightmare," said one engineering student. Another expressed concern over being targeted for past social media activity: "I had never thought I would be scared about what I posted here in America."
See Also: <a href="https://www.benzinga.com/25/04/44726187/kevin-oleary-isnt-satisfied-with-trump-raising-china-tariffs-to-125-the-shark-says-this-isnt-about-politics-its-about-fairness">Kevin O&#8217;Leary Isn&#8217;t Satisfied With Trump Raising China Tariffs To 125%: The Shark Says, &#8216;This Isn&#8217;t About Politics, It&#8217;s About Fairness&#8217;</a>
Why It Matters: Chinese students are a major source of finances for U.S. universities, contributing $14.3 billion in 2023.
Apart from loss of revenue, experts warn that the removal of Chinese talent could affect America's innovation capacity. "Cutting off that source of innovation and strength could hurt our economic vitality as a country," said Julia Gelatt of the Migration Policy Institute to WSJ.
The Chinese government has requested students to rethink their decision to study in the U.S., while Congress increases scrutiny of Chinese nationals in STEM programs. As tensions keep rising, the future of academic exchange between China and the U.S. remains increasingly fraught with tension.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44708103/why-investors-should-watch-chinas-service-trade-amid-us-tariff-escalation-disney-and-imax-most-impacted">China May Hit US Where It Hurts Amid Trump&#8217;s Tariff War — Services Trade In Crosshairs, With Walt Disney, IMAX And Warner Bros. Discovery In Focus</a></li>
</ul>
Photo courtesy: Shutterstock

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US-China Tensions Disrupt Academic Ties, Leave Chinese Students Facing Visa Cancellations, Political Pressure

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