Dernières nouvelles pour XPeng (NYSE:XPEV) Stock

XPeng

Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold over 190,000 EVs in 2024, accounting for about 2% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.

XPeng Inc. American depositary shares, each representing two Class A ordinary shares

XPeng Inc

After having cut its oil forecasts twice in less than a week, analysts at Goldman Sachs cut their annual forecasts for Brent and West Texas Intermediate Crude for 2025 and 2026 yet again, warning of a worst-case scenario involving a tariff-driven global recession and higher supply by the OPEC+ nations.
What Happened: On Monday, Goldman Sachs once again revised its annual forecasts for Brent and WTI crude prices at $62 and $58 a barrel for December 2025 and $55 and $51 for December 2026, respectively, <a href="https://www.bloomberg.com/news/articles/2025-04-08/goldman-says-oil-could-sink-below-40-under-extreme-conditions">reported</a> Bloomberg. At the time of writing this, crude oil trades at $64 Brent and $60 WTI.
See More: <a href="https://www.benzinga.com/news/global/25/04/44679330/will-trump-impose-higher-tariffs-on-china-crypto-bettors-now-see-an-80-possibility">Will Trump Impose Higher Tariffs On China? Crypto Bettors Now See An 80% Possibility</a>
This downward revision remains in line with the firm&#8217;s earlier decision to raise the <a href="https://www.benzinga.com/25/04/44662991/goldman-sachs-raises-risk-of-recession-to-45-jefferies-calls-tariffs-a-free-hall-pass-for-tech-giants-to-reset-their-goals">probability of a recession in the U.S. to 45%</a> over the next 12 months, up from 35% early last month, in response to the intensifying global trade war that can plunge the world into a recession. 
It further adds in the note that these forecasts have been made under two assumptions, the first being that the U.S. economy avoids a recession, with a significant reduction in the proposed tariffs. Second, the supply from the Organization of the Petroleum Exporting Countries (OPEC+) rises moderately with two increments of 130,000 to 140,000 barrels.
In a more &#8220;extreme&#8221; scenario, where a global recession aligns with a full OPEC+ unwind, which the bank says is &#8220;less likely,&#8221; Brent could fall just below $40 a barrel in late 2026, a level not seen since the COVID-19 pandemic.
Why It Matters: After starting April at $70 a barrel, NYMEX WTI prices dipped below $60 on Monday morning, a level not seen in four years, before rebounding in the afternoon at $60.70. Energy analysts see the $60 mark as a key threshold, below which most producers will scale back their activity. 
According to Marshal Adkins, the head of energy at Raymond James Financial Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), oil prices below $60 will push the U.S. into a slowdown, &#8216;there is no question about it,&#8217; he <a href="https://fortune.com/2025/04/07/oil-prices-nymex-wti-crude-gas-tariffs-opec/">adds</a> while speaking to Fortune.
Read More: <a href="https://www.benzinga.com/markets/bonds/25/04/44679299/trump-tariffs-triggers-historic-equity-wipeout-outpacing-covid-lehman-crashes-with-no-bond-rally-to-cushion-the-blow-says-lawrence-mcdonald">Trump Tariffs Trigger Historic Equity Wipeout Outpacing COVID, Lehman Crashes, With No Bond Rally To Cushion The Blow, Says Lawrence McDonald</a>
Image via Shutterstock

Government

Commodities

Markets

Goldman Sachs Slashes Oil Forecasts Again, Warns Of $40 Brent In 'Extreme' Tariff-Driven Recession Scenario

Asteroid 2024 YR4, first spotted in December 2024 by a Chilean telescope, originally alarmed scientists due to its likelihood of striking Earth in 2032. It rose to the top of the Torino Impact Hazard Scale, prompting a wave of international monitoring.
Recent observations have ruled out the possibility of an Earth impact, but the asteroid's chances of hitting the moon have almost doubled, according to a report by Fox News.
What Happened: Asteroid 2024 YR4, upon discovery, was initially ranked as a high-priority object on hazard monitoring systems. Additional observations over the next few months, especially from the James Webb Space Telescope, enabled scientists to get a clearer picture of its path and size.
Since then, it has been concluded that the asteroid won't be coming close enough to Earth to pose a threat.
See Also: <a href="https://in.benzinga.com/25/03/44539316/nasa-and-boeing-push-forward-with-starliner-crew-certification">NASA And Boeing Push Forward With Starliner Crew Certification</a>
Why It Matters: The improved data also showed that 2024 YR4 is roughly the size of a 10-story building, which could have caused a serious impact if it had collided with Earth. While chances of a <a href="https://www.benzinga.com/etfs/sector-etfs/25/03/44253929/space-etfs-rocked-by-intuitive-machines-lunar-mishap-is-there-a-safer-bet">collision with the Moon</a> have increased, NASA has highlighted that even if the asteroid were to hit the Moon, no changes would be made to its orbit.
With Earth in the clear, scientists continue to monitor 2024 YR4 using space-based tools like the James Webb Telescope. The asteroid is expected to move out of view but is likely to reappear in 2028. Until then, astronomers will keep tracking its movements and learning more from this unexpected near miss.
Read Next:
<ul>
<li><a href="https://in.benzinga.com/25/03/44373082/former-nasa-astronaut-predicts-mars-travel-still-15-years-away-not-5-years-as-elon-musk-alludes-to">Former NASA Astronaut Predicts Mars Travel Still 15 Years Away: &#8216;Not 5 Years As Elon Musk Alludes To&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

News

SPACE

General

Asteroid Once Feared To Hit Earth Now Headed For The Moon, NASA Says: 'It's No Longer A Threat To Us'

Sen. Elizabeth Warren (D-Mass.) called on Republicans to &#8220;put the American people over blind loyalty to Donald Trump&#8221; on Monday as U.S. markets continue reeling from the president&#8217;s sweeping tariff threats.
What Happened: &#8220;Since Trump announced his worldwide tariffs: markets tanked, retirement accounts took a hit, and Americans are panicked,&#8221; Warren wrote on X. &#8220;We can pass a resolution right now to stop this chaos.&#8221;
Warren&#8217;s comments come as the Dow Jones Industrial Average, tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), fell nearly 1% Monday after dropping more than 1,700 points earlier in the session. The broader market, measured by 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>), has seen two-day losses exceeding 10% &#8211; its <a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">worst performance since March 2020</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Since Trump announced his worldwide tariffs: markets tanked, retirement accounts took a hit, and Americans are panicked. We can pass a resolution right now to stop this chaos–Republicans just need to grow a spine and put the American people over blind loyalty to Donald Trump. <a href="https://t.co/DcM2dRTaGl">pic.twitter.com/DcM2dRTaGl</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1909428102960206244?ref_src=twsrc%5Etfw">April 8, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44661978/bill-ackman-blames-market-collapse-on-tariff-timing-says-trump-advisor-should-be-fired-now-predicts-a-lot-more-than-5-dip">Bill Ackman Blames Market Collapse On Tariff Timing, Says Trump Advisor &#8216;Should Be Fired Now:&#8217; Predicts &#8216;A Lot More Than 5%&#8217; Dip</a>
What Happened: The upheaval stems from <a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">Trump&#8217;s threat to impose 50% tariffs on Chinese imports</a> if Beijing doesn&#8217;t withdraw its recent 34% duty on American products by Apr. 8. China&#8217;s Commerce Ministry has vowed to &#8220;fight to the end&#8221; against what it called &#8220;a mistake on top of a mistake.&#8221;
BlackRock Inc. CEO Larry Fink warned the tariffs would <a href="https://www.benzinga.com/news/management/25/04/44676213/trumps-tariffs-are-impacting-main-street-not-just-wall-street-blackrock-ceo-larry-fink-says">impact not just Wall Street but Main Street</a>, noting &#8220;62% of Americans now invest in equities.&#8221;
Economist Nouriel Roubini described the situation as &#8220;a three-way game of chicken&#8221; between Trump, Federal Reserve Chair Jerome Powell, and Chinese President Xi Jinping.
Warren urged Congress to use its authority to halt the tariffs through a resolution stopping Trump&#8217;s use of emergency powers. &#8220;We don&#8217;t need to write a whole new law,&#8221; she said. &#8220;We just need a spine.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44677995/jim-cramer-says-market-rebound-feels-strange-after-nine-nights-of-losses-things-arent-better-as-stock-futures-surge-over-1">Jim Cramer Says Market Rebound Feels &#8216;Strange&#8217; After Nine Nights Of Losses: &#8216;Things Aren&#8217;t Better&#8217; As Stock Futures Surge Over 1%</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.

Equities

SPDR Dow Jones Industrial Average ETF Trust

Elizabeth Warren Slams Trump's Tariff Policy As Markets Tank, Retirement Accounts Suffer And Americans Panic: 'Republicans Just Need To Grow A Spine'

<h3>Companies Reporting Before The Bell</h3>
• Tilray Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) is expected to report quarterly loss at $0.03 per share on revenue of $209.77 million. 
• WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) is estimated to report quarterly earnings at $1.42 per share on revenue of $154.40 million. 
• Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $37.99 billion. 
• RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.50 billion. 
<h3>Companies Reporting After The Bell</h3>
• Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) is likely to report earnings for its fourth quarter. 
• Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) is expected to report quarterly loss at $0.14 per share on revenue of $64.87 million. 
• Cal-Maine Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) is expected to report quarterly earnings at $10.90 per share on revenue of $1.43 billion. 
• Techprecision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPCS#NASDAQ">TPCS</a>) is estimated to report earnings for its third quarter. 
• Aehr Test System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $17.76 million. 
• Mama's Creations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $31.02 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

AEHR

CALM

GORO

KRUS

MAMA

TLRY

TPCS

WDFC

Earnings Scheduled For April 8, 2025

The U.S. stock market is exhibiting a &#8220;risk-off&#8221; sentiment as the gold-to-silver ratio triggers a warning signal reminiscent of the 2020 and 2008 crises, according to analysis from Bravos Research.
What Happened: In an X thread, the firm highlighted a recent breakout in the gold-to-silver ratio, a metric closely watched to gauge market risk appetite. This signal indicates that traders are increasingly favoring the safe-haven asset gold over the more volatile silver.
The ratio stood at 99.59 as of Tuesday, 3:05 a.m. ET. This ratio represents the number of ounces of silver that are equivalent in value to one ounce of gold.
Bravos Research points out that similar breakouts in the gold-to-silver ratio preceded significant market downturns, including the 2022 bear market, the 2020 COVID-19 crash, and the 2008 Great Financial Crisis.
The current breakout, following a period of consolidation since 2022, suggests a potential shift towards greater market instability and a move away from riskier assets.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">15/ This is what the gold-to-silver ratio looks like since 2020 It just broke out above a major basing pattern that had been forming since 2022 This is a risk-off signal, showing traders are moving away from the more volatile silver and into gold <a href="https://t.co/YlcE5Q0oVm">pic.twitter.com/YlcE5Q0oVm</a>
&mdash; Bravos Research (@bravosresearch) <a href="https://twitter.com/bravosresearch/status/1909253763153436992?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/04/44678610/volatility-gauge-vix-spikes-118-in-3-days-tops-45-for-2nd-day-first-time-since-gfc-and-pandemic">Volatility Gauge VIX More Than Doubles In 3 Days: Crosses The 45 Mark For 2nd Day, 1st Time Since 2008 Financial Crisis</a>
Why It Matters: The analysis also notes that the current market sell-off, characterized by declining bond yields alongside falling stock prices, mirrors the growth-driven downturn seen in 2020. Such sell-offs, while not always leading to recession, tend to be sharp and volatile.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">7/ As you can see, bond yields have been declining alongside the stock market during this correction That tells us financial markets are currently more concerned about slowing growth, due to Trump's tariffs That's very different from 2022, when yields were rising as inflation… <a href="https://t.co/pnrzAIgr4w">pic.twitter.com/pnrzAIgr4w</a>
&mdash; Bravos Research (@bravosresearch) <a href="https://twitter.com/bravosresearch/status/1909253739585618033?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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The CBOE Volatility Index has spiked 118% over the <a href="https://www.benzinga.com/25/04/44678610/volatility-gauge-vix-spikes-118-in-3-days-tops-45-for-2nd-day-first-time-since-gfc-and-pandemic">last three sessions</a>, marking its fifth-largest three-day spike. It has also closed above the 45+ level first the first time since the pandemic and the Global Financial Crisis.
Despite the recent spike in the VIX volatility index indicating growing market fear, Bravos Research suggests this period of panic could eventually present significant long-term buying opportunities for quality assets.
While acknowledging the potential impact of President Donald Trump&#8216;s tariffs on triggering a recession, the firm advises against aggressive short positions and recommends scanning for discounted investment opportunities.
Price Action: Stocks fluctuated Monday on conflicting tariff delay reports, ultimately closing mixed. By Tuesday, major indices were significantly down from recent highs: the S&amp;P 500 was 17.65% lower, Nasdaq 100 was down 21.56%, and Dow Jones declined 15.77%, following a week of tariff-driven selloffs.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were mixed on Monday. The SPY was down 0.18% to $504.38, while the QQQ advanced 0.24% to $423.69, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Gold Spot US Dollar declined 0.94% to hover around $3,008.74 per ounce. Its fresh record high stood at $3,168.04 per ounce. Silver, on the other hand, was up 2.39% to $30.2375 per ounce. 
On Tuesday, the futures of Dow Jones were up 1.75%, whereas the S&amp;P 500 and Nasdaq 100 indices rose 1.42% and 1.36%, respectively.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44662730/bill-ackman-slams-commerce-secretary-lutnick-for-ignoring-stock-market-crash-he-and-cantor-are-long-bonds" target="_blank" rel="noreferrer noopener">Bill Ackman Slams Commerce Secretary Howard Lutnick For Ignoring Stock Market Crash: ‘He And Cantor Are Long Bonds'</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

Market Summary

Futures

Economics

Market Enters 'Risk-Off' Mode As Analyst Predicts This Signal Flashing Warnings Similar To 2020, 2008 Crisis

Howard G. Buffett, son of renowned investor Warren Buffett, pledged to donate $1 billion in aid to Ukraine this year, undeterred by the uncertain U.S.-Ukraine relations under the Trump administration.
What Happened:  Howard, CEO of the Howard G. Buffett Foundation, is making his 18th visit to Ukraine amid the ongoing conflict with Russia, <a href="https://fortune.com/2025/04/07/warren-buffetts-son-is-on-track-to-donate-1-billion-in-aid-to-ukraine-this-year-and-pledges-to-continue-despite-trumps-shaky-relations/">reported</a> Fortune. This comes as the Trump administration attempts to negotiate a temporary ceasefire between the two nations.
Despite the ongoing conflict and uncertainty surrounding U.S. support for Ukraine, Buffett remains committed to his philanthropic efforts. &#8220;It doesn&#8217;t change anything we do. We&#8217;re on track,&#8221; Buffett told The Associated Press. His foundation is expected to surpass $1 billion in aid to Ukraine this year.
"There's no easy way to end the war. So, we'll stick with it as long as we need to."
Buffett&#8217;s&nbsp;foundation, which focuses on humanitarian&nbsp;needs like agriculture, infrastructure,&nbsp;and mine clearance, has contributed&nbsp;about $800 million to Ukraine&nbsp;since the start of the&nbsp;full-scale invasion, including $175 million&nbsp;in humanitarian demining.
See Also:&nbsp;<a href="https://benzinga.com/markets/25/04/44666499/mark-cuban-warns-of-a-crisis-far-worse-than-2008-if-trumps-tariff-turmoil-and-elon-musks-doge-moves-conti" target="_blank" rel="noreferrer noopener">Mark Cuban Warns Of A Crisis &#8216;Far Worse&#8217; Than 2008 If Trump&#8217;s Tariff Turmoil And Elon Musk&#8217;s DOGE Moves Continue</a>
Buffett and Ukraine&#8217;s Economy Minister Yuliia Svyrydenko recently visited the country&#8217;s northern Sumy region, a high-risk zone for land mines. Despite the challenges, Buffett remains optimistic about U.S. support for Ukraine. &#8220;At the end of the day, I think the U.S. will do the right thing,&#8221; he said.
Why It Matters:&nbsp;The commitment from Buffett comes at a critical time for Ukraine. The U.S. had previously paused <a href="https://in.benzinga.com/news/global/25/03/44269997/trump-restores-ukraine-aid-after-threatening-large-scale-sanctions-on-moscow-but-russian-lawmaker-rejects-ceasefire-terms-defense-stocks-fall">intelligence sharing</a> and security assistance to Ukraine, but resumed it following Ukraine's acceptance of a U.S.-proposed 30-day ceasefire plan. However, the ceasefire terms were quickly rejected by a Russian lawmaker, causing defense stocks to fall.
Buffett&#8217;s foundation has been a significant contributor to Ukraine&#8217;s humanitarian efforts, having <a href="https://in.benzinga.com/news/24/02/37303257/warren-buffetts-son-howard-buffett-has-donated-over-500-million-to-ukraine-and-he-has-no-plans-to-st">donated over $500 million</a> to the country. His continued support is crucial as the country navigates its ongoing conflict with Russia.
Meanwhile, Russian President Vladimir Putin has expressed openness to the <a href="https://www.benzinga.com/news/global/25/03/44314580/putin-open-to-idea-of-ceasefire-suggests-call-with-trump-to-discuss-it-with-him-report">idea of a ceasefire</a>, suggesting a call with President Trump to discuss it further. This development could potentially influence the future of U.S.-Ukraine relations and the ongoing conflict.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44677685/dr-doom-roubini-warns-markets-delusional-about-fed-rescue-as-trump-xi-jinping-jerome-powell-locked-in-high-stakes-standoff" target="_blank" rel="noreferrer noopener">‘Dr. Doom' Roubini Warns Markets ‘Delusional' About Fed Rescue As Trump, Xi Jinping, Jerome Powell Locked In High-Stakes Standoff</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Global

Warren Buffett's Son Vows $1 Billion In Aid To Ukraine Amid Shifting US-Ukraine Ties Under Trump: 'There's No Easy Way To End The War'

Amid an escalating trade war, cryptocurrency bettors sharply raised the odds that President Donald Trump would impose additional tariffs on a defiant China.&nbsp;
What happened: Bets in favor of the outcome <a href="https://polymarket.com/event/will-trump-increase-tariffs-on-china-before-may-2025">surged </a>past 80% on Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POL</a>)-based Polymarket, marking a 58 percentage point increase over the last 24 hours.
Over $21,257 has been wagered on the possibility. This market will resolve to "Yes" if Trump signs any federal legislation or performs any executive action that imposes additional duties on China over and beyond the 54% general tariff before May 1.
Polymarket is a decentralized prediction market where people can bet on major world events with cryptocurrencies. Users can purchase or sell outcome shares, "Yes" or "No," which can be redeemed for $1 if the outcome is correct but are worthless if it's incorrect.
Note that Polymarket is not available to<a href="https://www.benzinga.com/24/11/41838037/will-polymarket-return-to-the-us-after-getting-trump-victory-right-ceo-says-its-part-of-the-plan"> U.S. residents </a>due to regulatory hurdles.
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: The bets came against the backdrop of mounting trade war concerns, threatening to derail markets worldwide.
China <a href="https://in.benzinga.com/news/25/04/44645172/china-retaliates-with-34-tariff-on-all-us-imports-urges-trump-to-immediately-cancel-the-tariffs-calls-for-negotiation">announced a 34% tariff</a> on all goods imported from the U.S. in retaliation for the 54% duties imposed by the Trump-led administration during the so-called Liberation Day last week.
Trump has <a href="https://in.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">threatened to impose an additional 50% duty</a> on Chinese imports if Beijing does not drop the 34% tariffs. Meanwhile, China remains defiant, willing to continue the war until the end.&nbsp;
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>
Photo courtesy: Shutterstock

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

Cryptocurrency

Movers

Trading Ideas

$POL

Will Trump Impose Higher Tariffs On China? Crypto Bettors Now See An 80% Possibility

Shares of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) gained 16% on Monday after U.S. President Donald Trump ordered a new review of its blocked acquisition by Japan&#8217;s Nippon Steel by former President Joe Biden, citing national security concerns early this year.
What Happened: The White House <a href="https://www.whitehouse.gov/presidential-actions/2025/04/review-of-proposed-united-states-steel-corporation-acquisition/">published a memorandum</a> on Monday, ordering a review of Nippon Steel&#8217;s $14.5 billion acquisition of United States Steel Corp.
This acquisition was announced in December 2023, and was set to conclude in 2024, but was instead <a href="https://www.benzinga.com/markets/equities/25/01/42779827/joe-biden-to-decide-on-nippon-steels-14-9b-us-steel-acquisition-on-friday-amid-veto-offer-labor-concerns">blocked by President Joe Biden in January 2025</a>, just a few days before he left office.
The former President and the Committee On Foreign Investment In The United States (CFIUS) cited national security concerns while blocking the sale. There was also growing opposition from unions, primarily the United Steelworkers (USW), which factored into the decision.
See More: <a href="https://www.benzinga.com/25/04/44677861/apple-hits-worst-stretch-in-years-3-day-loss-wipes-out-640-billion">Jim Cramer Says Market Rebound Feels &#8216;Strange&#8217; After Nine Nights Of Losses: &#8216;Things Aren&#8217;t Better&#8217; As Stock Futures Surge Over 1%</a>
While President Trump too had initially opposed the deal, <a href="https://benzinga.com/25/03/44380592/trump-eyes-approval-of-controversial-steel-merger-nippon-and-us-steel-await-key-decision">he softened his stance</a> after meeting Japanese Prime Minister Shigeru Ishiba in February. During a press conference soon after, the President stated that Nippon would not be &#8216;buying U.S. Steel&#8217; but would instead be investing heavily, and that there would be &#8216;no one with a majority ownership.&#8217;
The President has allowed 45 days for the committee to submit its recommendations on whether the aforementioned national security concerns have been mitigated by the two steel giants.
Why It Matters: The CFIUS&#8217;s outright <a href="https://www.atlanticcouncil.org/blogs/new-atlanticist/bidens-blocked-us-steel-deal-carries-big-risks-here-are-the-top-three/">blocking a deal that had no Chinese ownership or influence</a> was unusual, but there have been conflicting reports of Nippon Steel&#8217;s entanglements with China&#8217;s steel industry, which was enough to justify national security concerns.
Most industry experts, analysts, and observers <a href="https://en.wikipedia.org/wiki/Proposed_acquisition_of_U.S._Steel_by_Nippon_Steel#Policy_institutes">regarded the deal as a win-win</a>, with US Steel shareholders getting a nearly 40% premium on the stock&#8217;s prevailing market price, while the company itself getting the resources it needs to revitalize its aging blast furnaces, while also reviving America&#8217;s stagnant steel industry in the face of Chinese dumping.
On the other hand, Nippon is struggling with Japan&#8217;s declining birth rates, and while India and Southeast Asian countries do offer growth, they come with political and market uncertainties. The U.S. is currently the only developed nation with a growing steel market, which is why Nippon is willing to pay a 40% premium and put up with all this red tape.
<figure class="wp-block-image aligncenter 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="168" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08024902/Screenshot-2025-04-08-at-12.16.49-PM-1024x168.png" alt="" class="wp-image-861214" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08024902/Screenshot-2025-04-08-at-12.16.49-PM-1024x168.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08024902/Screenshot-2025-04-08-at-12.16.49-PM-300x49.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08024902/Screenshot-2025-04-08-at-12.16.49-PM-768x126.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08024902/Screenshot-2025-04-08-at-12.16.49-PM.png 1412w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
For deeper insights into the United States Steel Corp., such as its growth, momentum, and value, alongside its favorability in the short, medium, and long-term, consider signing up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga&#8217;s Edge Stock Rankings</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/25/04/44673238/apple-faces-eps-hit-from-tariffs-while-doubleverify-and-viant-stay-shielded-with-virtual-revenue-models-analyst">Apple Reportedly Plans To Move More iPhone Production To India Amid Trump Tariff Fears: Could This Solve The Potential 40% Price Hike?</a></li>
</ul>
Photo courtesy: Shutterstock

US Steel Gains 16% As Trump Orders Review Of Nippon Steel's Blocked Acquisition

U.S. markets have seen a historic decline over six weeks amid President Donald Trump&#8216;s tariff policies, marking a historically swift destruction of equity capital that&#8217;s <a href="https://www.benzinga.com/markets/bonds/25/04/44660747/bond-king-jeff-gundlach-says-fed-rate-is-too-high-by-75-bps-but-warns-cuts-unlikely-without-sharper-risk-asset-losses">outpacing previous major crashes without the traditional bond market safety net</a>, according to financial strategist Lawrence McDonald.
What Happened: &#8220;Last 20 years, large equity market risk-off events have &#8212; always &#8212; brought in &#8216;flight to quality&#8217; buyers of long duration U.S. Treasuries. Not this time,&#8221; McDonald, founder of Bear Traps Report, wrote Monday on X.
McDonald&#8217;s analysis shows Trump&#8217;s tariff-induced selloff has wiped out $9 trillion in just six weeks, rivaling the $9 trillion lost during the COVID crash in 2020 over one month and surpassing the $8 trillion erased during the 12 months following the Lehman Brothers collapse in 2008.
The only period with greater losses was the 2022 inflation-driven downturn, which saw $10 trillion in value destroyed over 11 months.
The strategist&#8217;s accompanying chart of U.S. 30-Year Bond yields reveals a critical difference: unlike previous market crises when bond yields dropped sharply as investors sought safety, current yields remain elevated near 4.5%.
&#8220;When equity market investors were struck by the Lehman (-55%) and Covid (-35%) drawdowns, they were blessed with long-term bonds,&#8221; McDonald noted, estimating the bond offset saved investors $7 trillion during those crises.
According to Reuters, Trump&#8217;s tariff spiral wiped out $10 trillion in major markets worldwide.
<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">What do Bonds Know? &#x2A;Last 20 years, large equity market risk-off events have &#8212; always &#8212; brought in &quot;flight to quality&quot; buyers of long duration U.S. Treasuries. Not this time. &#x2A;&#x2A;Book Ideas &#8211; &quot;How to Listen When Markets Speak&quot; on Amazon. <a href="https://t.co/naR2vpsuLr">pic.twitter.com/naR2vpsuLr</a>
&mdash; Lawrence McDonald (@Convertbond) <a href="https://twitter.com/Convertbond/status/1909236400127455548?ref_src=twsrc%5Etfw">April 7, 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/markets/equities/25/04/44677995/jim-cramer-says-market-rebound-feels-strange-after-nine-nights-of-losses-things-arent-better-as-stock-futures-surge-over-1">Jim Cramer Says Market Rebound Feels &#8216;Strange&#8217; After Nine Nights Of Losses: &#8216;Things Aren&#8217;t Better&#8217; As Stock Futures Surge Over 1%</a>
Why It Matters: The pattern shift comes as <a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">markets reel from Trump&#8217;s sweeping tariff threats</a>, particularly against China, which vowed to &#8220;fight to the end&#8221; against the proposed 50% duties. The selloff briefly intensified Monday morning before an afternoon recovery. 
The Dow Jones Industrial Average, tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) dropped 349 points, or 0.91%, to close at 37,965 after falling more than 1,700 points earlier in the session. 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>), slipped 0.23% to finish at 5,062.25, recovering from a <a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">session low that saw a 4.7% decline</a>.<a href="https://twitter.com/jimcramer/status/1909410023681204517" target="_blank" rel="noreferrer noopener"></a>
Despite mounting market pressure, Treasury Secretary Scott Bessent attributed the selloff to tech valuations rather than administration policy, calling it &#8220;more a MAG 7 problem than a MAGA one.&#8221; 
Meanwhile, fixed income investor Jeff Gundlach suggested the Federal Reserve&#8217;s policy stance is too restrictive, <a href="https://www.benzinga.com/markets/bonds/25/04/44660747/bond-king-jeff-gundlach-says-fed-rate-is-too-high-by-75-bps-but-warns-cuts-unlikely-without-sharper-risk-asset-losses">noting the 2-year Treasury yield has dropped to 3.5%</a>, though he doesn&#8217;t anticipate immediate rate cuts &#8220;unless the losses in risk assets greatly increase.&#8221;
Read Next:
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<li><a href="https://www.benzinga.com/markets/25/04/44677685/dr-doom-roubini-warns-markets-delusional-about-fed-rescue-as-trump-xi-jinping-jerome-powell-locked-in-high-stakes-standoff" target="_blank" rel="noreferrer noopener">‘Dr. Doom' Roubini Warns Markets ‘Delusional' About Fed Rescue As Trump, Xi Jinping, Jerome Powell Locked In High-Stakes Standoff</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.

Bonds

AAPL

NVDA

Trump Tariffs Triggers Historic Equity Wipeout Outpacing COVID, Lehman Crashes, With No Bond Rally To Cushion The Blow, Says Lawrence McDonald

BitMEX co-founder, Arthur Hayes, is doubling down on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), anticipating its market dominance to surge to 70% amid economic uncertainties.
What Happened: In a post on X, Hayes revealed his ongoing Bitcoin accumulation, expressing his confidence in its growing dominance over other cryptocurrencies. He stated, &#8220;Been nibbling on $BTC all day, and shall continue. Shitcoins are getting in our strike zone but I think Bitcoin dominance keeps zooming towards 70%.&#8221; Hayes is steering clear of heavy investment in lower-value, high-risk cryptocurrencies, despite their attractive prices.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Been nibbling on <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> all day, and shall continue. Shitcoins are getting in our strike zone but I think <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> dominance keeps zooming towards 70%. So we are not gorging at the shitcoin supermarket. Remember, money printing is the only answer they have.
&mdash; Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1909174145335922863?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Hayes&#8217; comments come in the context of ongoing economic policies like quantitative easing, which often devalues fiat currency and drives investors towards Bitcoin as a hedge against inflation. The 70% dominance target suggests a significant rise from Bitcoin's current market share, indicating that a large amount of capital would need to move from altcoins back into Bitcoin. In another post on X on Tuesday, he also hinted at the potential impact of China&#8217;s response to America&#8217;s trade tariffs, suggesting it could trigger capital flight to Bitcoin. Hayes stated that if China's central bank devalues the yuan, the prevailing narrative is that capital outflows from China could move into Bitcoin. He noted that this strategy &#8220;worked in 2013, 2015, and can work in 2025." <img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08032406/Screenshot-2025-04-08-125341.png" alt="" /> SEE ALSO: <a href="https://benzinga.com/markets/25/04/44666499/mark-cuban-warns-of-a-crisis-far-worse-than-2008-if-trumps-tariff-turmoil-and-elon-musks-doge-moves-conti" target="_blank" rel="noreferrer noopener">Mark Cuban Warns Of A Crisis &#8216;Far Worse&#8217; Than 2008 If Trump&#8217;s Tariff Turmoil And Elon Musk&#8217;s DOGE Moves Continue</a> Why It Matters: Hayes&#8217; bullish stance on Bitcoin aligns with his earlier prediction that Bitcoin could reach <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44607188/arthur-hayes-predicts-bitcoin-to-hit-250000-by-end-of-year">$250,000 by the end of 2025</a>, citing the Federal Reserve&#8217;s shift towards purchasing more U.S. Treasury bonds as a catalyst for a new Bitcoin bull cycle. His views are also echoed by Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, who recently noted Bitcoin&#8217;s dual identity as a high-growth tech stock and a hedge against financial uncertainty. Hayes&#8217; comments also come in the wake of <a href="https://www.benzinga.com/news/earnings/25/04/44678688/dow-falls-for-3rd-session-amid-trumps-tariff-threats-as-apple-tesla-decline-greed-index-remains-in-extreme-fear-zone">a market sell-off</a> following President Donald Trump&#8216;s announcement of broad tariffs, which saw Bitcoin drop below $75,000. Bitcoin&#8217;s price fell below $79,000 on Monday, marking a drop of over 15% since the start of the year and significantly below its January all-time high of $109,114.88. The decline is driven by President Trump's broad tariff threats against China and rising recession concerns from major Wall Street figures.</figcaption></figure>
<ul>
<li>READ MORE: <a href="https://benzinga.com/markets/cryptocurrency/25/04/44668202/bitcoin-ethereum-xrp-drowning-in-tariff-tsunami-fall-to-50000-possible-expert-warns" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP Drowning In Tariff Tsunami: &#8216;Fall To $50,000&#8217; Possible, Expert Warns &#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.

$BTC

Arthur Hayes Predicts 70% Bitcoin Dominance And Potential Chinese Capital Flight: 'It Worked In 2013, 2015, And Can Work In 2025'

Elon Musk, CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), reportedly made direct appeals to President Donald Trump over the weekend to reverse sweeping new tariffs.
What Happened: Despite being a key Trump adviser and significant political donor who contributed nearly $290 million to Republicans in last year&#8217;s elections, Musk&#8217;s intervention has been unsuccessful, <a href="https://www.washingtonpost.com/business/2025/04/07/musk-trump-tariffs/">reported</a> The Washington Post. Trump threatened Monday to add new 50% tariffs on Chinese imports on top of the 34% taxes announced last week.
The dispute marks the highest-profile <a href="https://in.benzinga.com/news/global/25/04/44668830/we-want-fairness-white-house-trade-adviser-navarro-says-trump-administration-is-focused-on-non-tariff-cheating">disagreement between Trump&#8217;s closest advisers</a>. Musk publicly criticized White House trade adviser Peter Navarro on social media, writing, &#8220;A PhD in Econ from Harvard is a bad thing, not a good thing.&#8221;
In an interview with Italian Deputy Prime Minister Matteo Salvini, Musk advocated for a &#8220;free trade zone&#8221; between Europe and the United States, saying, &#8220;At the end of the day, I hope it&#8217;s agreed that both Europe and the United States should move ideally, in my view, to a zero-tariff situation.&#8221;
Tesla did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44677995/jim-cramer-says-market-rebound-feels-strange-after-nine-nights-of-losses-things-arent-better-as-stock-futures-surge-over-1">Jim Cramer Says Market Rebound Feels &#8216;Strange&#8217; After Nine Nights Of Losses: &#8216;Things Aren&#8217;t Better&#8217; As Stock Futures Surge Over 1%</a>
Why It Matters: Musk&#8217;s brother and Tesla board member Kimbal Musk also <a href="https://www.benzinga.com/markets/25/04/44677285/elon-musks-brother-and-tesla-board-member-kimbal-musk-calls-trump-most-high-tax-american-president-in-generations-warns-tariffs-are-a-permanent-tax-on-us-consumers">criticized Trump&#8217;s policies</a>, calling him &#8220;the most high tax American President in generations&#8221; and warning that tariffs create &#8220;a structural, permanent tax on the American consumer.&#8221;
Tesla stock closed at $233.29 on Monday, down more than 2.5%, and has lost over 38% of its value this year. Analyst Dan Ives of Wedbush Securities <a href="https://in.benzinga.com/markets/equities/25/04/44659926/dan-ives-cuts-tesla-target-to-315-slashes-apple-by-23-amid-tariff-fallout-warns-elon-musk-led-ev-maker-faces-darker-days-ahead">lowered Tesla&#8217;s price target from $550 to $315</a>, noting that &#8220;Tesla has essentially become a political symbol globally&#8230; and that is a very bad thing.&#8221;
The tariff policies have <a href="https://in.benzinga.com/news/management/25/04/44676213/trumps-tariffs-are-impacting-main-street-not-just-wall-street-blackrock-ceo-larry-fink-says">sparked broader market turmoil</a>, with BlackRock Inc. CEO Larry Fink warning that economic impacts are &#8220;going to freeze more and more consumption.&#8221;
Tesla is outperforming rivals Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), and Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) in momentum, according to Benzinga Edge Stock Rankings. However, the Musk-led EV maker is showing a negative price trend across short to long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Read Next:
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</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.

LCID

RIVN

TSLA

Elon Musk Made Unsucessful Appeals To Trump To Reverse New Tariffs As Tesla Likely To Take A Hit: Report

<ul>
<li>Infineon enters into agreement for acquisition of Marvell Technology's Automotive Ethernet business for US$2.5 billion</li>
<li>Transaction combines Infineon's market-leading portfolio for automotive microcontrollers with benchmark Automotive Ethernet business of Marvell, accelerating Infineon's system capabilities for software-defined vehicles</li>
<li>Additional growth opportunities to address future IoT applications such as humanoid robots</li>
<li>Business expected to generate revenue of US$225 – US$250 million in calendar year 2025 with a gross margin of around 60%</li>
<li>All-cash transaction to be financed from existing liquidity and additional debt</li>
</ul>

IFNNY

MRVL

Infineon Acquires Marvell's Automotive Ethernet Business For $2.5B To Accelerate System Capabilities For Software-Defined Vehicles

VSAT

Viasat Unveils Amara To Transform IFC With Multi-Orbit Satellite Networks, Digital Products, And Future-Proof Passenger Experiences

Nokia and Fibrus announce five-year deal for Nokia Deepfield solution
<ul>
<li>100,000 customers already connected to the network, with plans for further expansion.</li>
<li>The scalability of Nokia Deepfield applications will allow Fibrus to control and expand its network cost-effectively.</li>
</ul>

Nokia And Fibrus Sign Five-Year Agreement To Deploy Deepfield Solution Across Expanding Broadband Network

<ul>
<li>New compelling results demonstrate 18 months of both sustained reduction in immunoglobulin G antibodies and sustained improvement in gMG symptoms in pivotal Vivacity-MG3 study and open-label extension phase</li>
<li>Up to 128 weeks and 180 patient years of follow-up in the open-label extensiona confirm a safety profile consistent with the Phase 3 Vivacity-MG3 study&nbsp;</li>
<li>45% of the patients receiving steroids at open-label extension baseline were able to decrease or discontinue their steroid use&nbsp;</li>
<li>Additionally, the nipocalimab plus standard of care (SOC) group demonstrated four times greater odds of improving and maintaining the strength and function of different muscle groups as measured by QMGb&nbsp;response versus placebo plus SOC in the 24-week double blind phase of the study&nbsp;</li>
</ul>

Johnson & Johnson Presents New Data Showing Long-Term Sustained Disease Control With Investigational Nipocalimab In Adults With gMG

OpenAI is reportedly in discussions to acquire the AI hardware startup co-founded by Jony Ive and Sam Altman in a deal worth approximately $500 million.
What Happened: OpenAI is considering purchasing io Products, a company that focuses on creating AI-enabled devices, <a href="https://techcrunch.com/2025/04/07/openai-reportedly-mulls-buying-jony-ive-and-sam-altmans-ai-hardware-startup/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&amp;guce_referrer_sig=AQAAAD_uBwDYVYnR2c7KWaVm_nY-ox0apur5w8aw4jUS-Oy0OFvTa8r9WhYT944FJeyI5KNKwEaGPaLH64zjhG8FdXJ3ZOX0R_0cINQS_QTsFXKDNzdnHfyKzDhjiF_N-aVQOYsGzbLYnTj9mgv0coigBvdnJ-nJ77e2KDSUrkWafSx-">reported</a> TechCrunch (<a href="https://www.theinformation.com/articles/openai-discussed-buying-jony-ive-sam-altmans-ai-device-startup">via</a> The Information).
The <a href="https://www.benzinga.com/news/24/09/40973399/apples-former-design-maestro-jony-ive-confirms-hes-joined-forces-with-openais-sam-altman-for-a-new-a">startup was co-founded</a> by former Apple design lead Ive, who left the tech giant in 2019 to start his own design firm, LoveFrom, and OpenAI CEO Altman.
See Also:&nbsp;<a href="https://in.benzinga.com/media/25/03/44566020/arm-aims-for-50-data-center-cpu-market-share-by-2025-challenging-intel-and-amd" target="_blank" rel="noreferrer noopener">Arm Aims for 50% Data Center CPU Market Share by 2025, Challenging Intel and AMD</a>
io Products, which has received funding from Laurene Powell Jobs' Emerson Collective and others, has been developing a range of products, including smart home gadgets.
The report indicates that OpenAI may choose to partner with io Products instead of acquiring it outright. The small team at io Products includes former Apple designers Tang Tan and Evans Hankey.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Earlier this year, OpenAI closed a historic $40 billion funding round, pushing its <a href="https://in.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">valuation to $300 billion</a>, with major backing from SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and other prominent investors.
According to research firm PitchBook, this marks the largest funding round ever recorded and nearly doubles OpenAI's previous valuation of $157 billion.
OpenAI is reportedly projecting its revenue to reach $12.7 billion this year. The company also announced that its enterprise versions of ChatGPT now have 1 million paying users, alongside the introduction of a new $200-per-month &#8220;Pro&#8221; plan offering access to its most advanced AI models.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
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<li><a href="https://benzinga.com/25/03/44554189/openai-and-microsoft-back-mcp-standard-in-major-shift-toward-interoperable-ai-agents-that-can-think-click-and-navigate-the-web-but-google-ceo-sundar-pichai-appears-to-be-mulling-over-it-in-shakespearean-fashion-to-mcp-or-not-to-mcp">OpenAI And Microsoft Back MCP Standard For Web-Surfing AI Agents; Google&#8217;s Sundar Pichai Asks A Shakespearean Question</a></li>
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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.
Photo courtesy: Shutterstock

Tech

Media

MSFT

SFTBF

SFTBY

OpenAI Eyes $500 Million Deal To Acquire Jony Ive And Sam Altman's AI Hardware Startup: Report

Thousands of North Korean IT workers have been found to be working undercover in Fortune 500 companies, with their earnings being used to fund Kim Jong Un&#8216;s illicit weapons programs.
What Happened: These IT professionals have been using stolen or fabricated identities to gain employment in these companies, <a href="https://fortune.com/2025/04/07/north-korean-it-workers-infiltrating-fortune-500-companies/">reported</a> Fortune. The U.S. Treasury, State Department, and FBI estimate that this operation has been generating hundreds of millions annually since 2018.
The North Korean engineers are not only impersonating Americans but are also leveraging advanced AI to alter their appearances and voices. They are even managing to hold multiple jobs simultaneously, thereby increasing the amount of money funneled back to North Korea.
Harrison Leggio told the publication that nearly all the résumés he gets for roles at his crypto startup g8keep—about 95%—are actually from North Korean engineers pretending to be Americans.
See Also:&nbsp;<a href="https://benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets" target="_blank" rel="noreferrer noopener">China &#8216;Resolutely Opposes&#8217; Trump&#8217;s 50% Tariff Threat, Vows Countermeasures As Trade Tensions Jolt Markets: &#8216;Will Fight To The End&#8217;</a>
Michael Barnhart, an intelligence leader at Google Cloud, stated that these engineers are stationed in China and Russia, where they use AI to create impressive bios and apply for jobs in bulk. 
Why It Matters: Despite attempts to disrupt this operation, cybersecurity firm CrowdStrike reported that North Korean IT workers were behind 304 incidents in 2024, and their activities increased during the latter half of the year. The firm predicts that these campaigns will continue in 2025, given their financial success.
This recent revelation is not an isolated incident. <a href="https://www.benzinga.com/news/24/02/37198046/kim-jong-uns-north-korea-is-leveraging-ai-for-tech-theft-nuclear-funding-report">North Korean hackers</a> were already leveraging AI to facilitate their cyber operations, targeting employees of global defense, cybersecurity, and cryptocurrency companies. 
In 2024, the U.S. Justice Department accused an American woman and a Ukrainian man of being involved in a scheme that allegedly helped North Korea fund its <a href="https://www.benzinga.com/news/24/05/38889012/kim-jong-uns-north-korea-used-american-it-scammer-to-fund-nuclear-weapons-program-doj">nuclear weapons program</a>. The scheme involved more than 300 U.S. companies hiring foreign nationals with North Korean connections for remote IT work.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44659224/billionaire-charlie-munger-said-hed-be-the-richest-man-on-earth-if-he-could-go-back-100-years-and-start-over-i-could-have-done-a-lot-better" target="_blank" rel="noreferrer noopener">Billionaire Charlie Munger Said He&#8217;d Be The ‘Richest Man on Earth&#8217; If He Could Go Back 100 Years And Start Over — ‘I Could Have Done a Lot Better&#8217;</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.

North Korean IT Workers Impersonating Americans To Land Jobs At Fortune 500 Companies To Fund Kim Jong Un's Weapons Program: Report

Revenues for March 2025
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Period</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">Y/Y Change</td>
<td colspan="1" rowspan="1">Y/Y (%)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">March</td>
<td colspan="1" rowspan="1">19,858,647</td>
<td colspan="1" rowspan="1">18,167,134</td>
<td colspan="1" rowspan="1">1,691,513</td>
<td colspan="1" rowspan="1">9.31%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Jan.-Mar.</td>
<td colspan="1" rowspan="1">57,858,957</td>
<td colspan="1" rowspan="1">54,632,099</td>
<td colspan="1" rowspan="1">3,226,858</td>
<td colspan="1" rowspan="1">5.91%</td>
</tr>
</tbody>
</table>
</figure>

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