GE Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is passing along higher prices to customers after U.S. trade tariffs created a $500 million cost burden, meaning airlines, and eventually passengers, will soon <a href="https://www.benzinga.com/topic/tariffs">feel the heat.</a>



Speaking from New Delhi at the International Air Transport Association's annual meeting, chief executive officer Larry Culp told Bloomberg that the world's largest aircraft engine maker is no longer able to shield customers from the financial impact of trade restrictions introduced under President Donald Trump's policies.



"We will be taking cost actions and passing along some of that residual," Culp said.



<h3 class="wp-block-heading">Is GE Already Seeing The Tariff Impact?</h3>



"Very much so," Culp said when asked whether the tariffs are affecting business now. The company has seen rising expenses and is adjusting its pricing strategy to preserve margins.



"We're managing the best we can, mitigating where we can through those supply-chain improvements but also through the cost and price actions," he said.



<h3 class="wp-block-heading">Tariff-Free Trade Helped Build US Aerospace</h3>



For decades, the global aerospace industry benefited from the 1979 Civil Aviation Agreement, which allowed for duty-free trade among key nations. 



Culp said that the framework helped U.S. companies like GE and Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) build a $75 billion annual trade surplus in aviation. But that advantage is eroding under new trade barriers.



"We've been advocating for a return to where we were on the heels of that 1979 civil aviation agreement," he said.



The U.S. has already signed a trade deal with the U.K., and more negotiations are underway. 



"I think June will be an important month," Culp added, as more agreements could shape the future cost landscape for aerospace exports.



<h3 class="wp-block-heading">Production Pressure Grows As Airbus And Boeing Ramp Up</h3>



GE is working to keep pace with increasing production from both Airbus SE and Boeing Co., who are planning record monthly output levels. 



"Be it with Airbus, be it with Boeing, they are effectively sold out through the rest of this decade," Culp said.



GE holds a $170 billion backlog and expects to build more engines in the second half of 2025 and in 2026 than in the first half of this year. 



Culp said parts received from key suppliers in April and May rose double-digits compared to the first quarter, a sign that the company's supply chain efforts are starting to pay off.



GE is also a major supplier to the U.S. Department of Defense, powering two-thirds of the U.S. combat aircraft and helicopters. Culp said the company remains focused on long-term military contracts and advanced engine development as defense spending increases.



When asked about growing concern over technology exports to China, Culp said GE has followed strict government procedures for years and is prepared for tighter controls if they come. 



"We welcome the scrutiny," he said.



Read now: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45715850/trump-administration-silently-employs-palantir-to-gather-personal-data-of-each-american-raising-privacy-data-misuse-concerns-report">Trump Administration Silently Employs Palantir To Gather Personal Data Of Each American, Raising Privacy, Data Misuse Concerns: Report</a></li>
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Photo: Shutterstock

Get Ready To Pay The Price Of Tariffs: GE Is Already Passing Costs To Customers

Canned soup products maker&nbsp;The Campbell's Company&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) shares are&nbsp;trading <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b45717977/campbells-reports-third-quarter-fiscal-2025-results" rel="noreferrer noopener">higher in the premarket&nbsp;on Monday</a>.



The company reported&nbsp;third-quarter&nbsp;sales growth of 4%&nbsp;year over year (Y/Y) to&nbsp;$2.475 billion, beating the analyst&nbsp;consensus estimate of&nbsp;$2.43 billion.



The benefit from the Sovos Brands acquisition drove the increase. Organic net sales rose 1% Y/Y to $2.3 billion, led by favorable volume/mix (+2%).



See Also:<a href="https://www.benzinga.com/cannabis/25/06/45718360/jony-ive-once-said-steve-jobs-demanded-everyone-at-apple-often-answer-this-question-it-still-shocks-me-how-few-people-actually-practice-this"> Jony Ive Once Said Steve Jobs Demanded Everyone At Apple Often Answer This Question</a>



Meals &amp; Beverages net sales in the quarter increased&nbsp;15% Y/Y,&nbsp;driven by the benefit of the acquisition. Snacks net sales in the quarter decreased 8% Y/Y in the quarter.



Adjusted gross margin contracted 110 basis points to 30.1%. This is mainly due to cost inflation and other supply chain costs, and the impact of the acquisition.



Adjusted EBIT of&nbsp;$362&nbsp;million&nbsp;increased by&nbsp;2%&nbsp;Y/Y in the quarter, aided by the contribution of the acquisition.



Adjusted EPS of&nbsp;$0.73 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus estimate of&nbsp;$0.66.</a>



The company held&nbsp;$143 million&nbsp;in cash and equivalents as of April 27, 2025. Operating cash flow for nine&nbsp;months totaled&nbsp;$872&nbsp;million.



The company has paid&nbsp;$343&nbsp;million&nbsp;in cash dividends and repurchased around $60&nbsp;million&nbsp;in common stock year-to-date.



As of the end of the third quarter, Campbell had around $200 million remaining under its anti-dilutive share repurchase program. It also had about $301 million remaining under its September 2021 strategic share repurchase program.



The company delivered about $110 million of savings under the $250 million cost savings program announced in September 2024.



Campbell&#8217;s CEO Mick Beekhuizen said, &#8220;In Meals &amp; Beverages, we are seeing improved consumption across all consumer income groups.&#8221;



Beekhuizen adds that consumers are &#8220;cooking at home at the highest levels since early 2020&#8221; and that Campbell&#8217;s is &#8220;adjusting&#8221; its plans to ensure it stays competitive.



FY25&nbsp;Outlook: Campbell&nbsp;reiterated net sales growth of&nbsp;6%&nbsp;to&nbsp;8%&nbsp; and <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">adjusted EBIT growth of&nbsp;3%&nbsp;to&nbsp;5%</a>.



The company reaffirmed adjusted EPS guidance of&nbsp;$2.95&nbsp;–&nbsp;$3.05 vs. the <a target="_blank" href="https://www.benzinga.com//node/44140506" rel="noreferrer noopener">consensus estimate of&nbsp;$2.98</a>.



Excluding the impact of tariffs, the company now expects adjusted EBIT and adjusted EPS to be at the low end of the guided range owing to the slower-than-anticipated recovery in the Snacks business.



Assuming current tariffs hold steady, the company estimates that the net incremental headwind on adjusted EPS could be up to $0.03 to $0.05 per share.



Also, Campbell stated that FY25 comprises 53 weeks, and the extra week is estimated to add about 2 points of growth to reported net sales and adjusted EBIT, plus roughly $0.05 to adjusted EPS.



Price Action: CPB shares are up 2.14% at $34.77 premarket at the last check on Monday.



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Campbell's Brews Up Strong Q3: Beats Estimates As Home Cooking Sector Simmers

Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has announced a $400 million investment in Switzerland to bolster&nbsp;its cloud computing and artificial&nbsp;intelligence (AI) infrastructure.



What Happened: &nbsp;The U.S. tech giant revealed its investment plans on Monday at a meeting between the Swiss Economy Minister&nbsp;Guy Parmelin&nbsp;and Microsoft&#8217;s Vice Chair&nbsp;Brad Smith&nbsp;in Bern,&nbsp;Reuters&nbsp;reported. The funds will be used to expand and modernize the company's four data centers near Geneva and Zurich, addressing the rising demand for AI and cloud computing services in Switzerland.



The expansion will serve both existing and new customers, ensuring data is stored within Swiss borders — a key requirement for industries such as healthcare, finance and government.<path fill-rule="evenodd" clip-rule="evenodd" d="M7 5C7 3.34315 8.34315 2 10 2H19C20.6569 2 22 3.34315 22 5V14C22 15.6569 20.6569 17 19 17H17V19C17 20.6569 15.6569 22 14 22H5C3.34315 22 2 20.6569 2 19V10C2 8.34315 3.34315 7 5 7H7V5ZM9 7H14C15.6569 7 17 8.34315 17 10V15H19C19.5523 15 20 14.5523 20 14V5C20 4.44772 19.5523 4 19 4H10C9.44772 4 9 4.44772 9 5V7ZM5 9C4.44772 9 4 9.44772 4 10V19C4 19.5523 4.44772 20 5 20H14C14.5523 20 15 19.5523 15 19V10C15 9.44772 14.5523 9 14 9H5Z" fill="currentColor"></path><path fill-rule="evenodd" clip-rule="evenodd" d="M12.1318 2.50389C12.3321 2.15338 12.7235 1.95768 13.124 2.00775L13.5778 2.06447C16.0449 2.37286 17.636 4.83353 16.9048 7.20993L16.354 8.99999H17.0722C19.7097 8.99999 21.6253 11.5079 20.9313 14.0525L19.5677 19.0525C19.0931 20.7927 17.5124 22 15.7086 22H6C4.34315 22 3 20.6568 3 19V12C3 10.3431 4.34315 8.99999 6 8.99999H8C8.25952 8.99999 8.49914 8.86094 8.6279 8.63561L12.1318 2.50389ZM10 20H15.7086C16.6105 20 17.4008 19.3964 17.6381 18.5262L19.0018 13.5262C19.3488 12.2539 18.391 11 17.0722 11H15C14.6827 11 14.3841 10.8494 14.1956 10.5941C14.0071 10.3388 13.9509 10.0092 14.0442 9.70591L14.9932 6.62175C15.3384 5.49984 14.6484 4.34036 13.5319 4.08468L10.3644 9.62789C10.0522 10.1742 9.56691 10.5859 9 10.8098V19C9 19.5523 9.44772 20 10 20ZM7 11V19C7 19.3506 7.06015 19.6872 7.17071 20H6C5.44772 20 5 19.5523 5 19V12C5 11.4477 5.44772 11 6 11H7Z" fill="currentColor"></path><path fill-rule="evenodd" clip-rule="evenodd" d="M11.8727 21.4961C11.6725 21.8466 11.2811 22.0423 10.8805 21.9922L10.4267 21.9355C7.95958 21.6271 6.36855 19.1665 7.09975 16.7901L7.65054 15H6.93226C4.29476 15 2.37923 12.4921 3.0732 9.94753L4.43684 4.94753C4.91145 3.20728 6.49209 2 8.29589 2H18.0045C19.6614 2 21.0045 3.34315 21.0045 5V12C21.0045 13.6569 19.6614 15 18.0045 15H16.0045C15.745 15 15.5054 15.1391 15.3766 15.3644L11.8727 21.4961ZM14.0045 4H8.29589C7.39399 4 6.60367 4.60364 6.36637 5.47376L5.00273 10.4738C4.65574 11.746 5.61351 13 6.93226 13H9.00451C9.32185 13 9.62036 13.1506 9.8089 13.4059C9.99743 13.6612 10.0536 13.9908 9.96028 14.2941L9.01131 17.3782C8.6661 18.5002 9.35608 19.6596 10.4726 19.9153L13.6401 14.3721C13.9523 13.8258 14.4376 13.4141 15.0045 13.1902V5C15.0045 4.44772 14.5568 4 14.0045 4ZM17.0045 13V5C17.0045 4.64937 16.9444 4.31278 16.8338 4H18.0045C18.5568 4 19.0045 4.44772 19.0045 5V12C19.0045 12.5523 18.5568 13 18.0045 13H17.0045Z" fill="currentColor"></path><path d="M2.5 5.5C4.3 5.2 5.2 4 5.5 2.5C5.8 4 6.7 5.2 8.5 5.5C6.7 5.8 5.8 7 5.5 8.5C5.2 7 4.3 5.8 2.5 5.5Z" fill="currentColor" stroke="currentColor" stroke-linecap="round" stroke-linejoin="round"></path><path d="M5.66282 16.5231L5.18413 19.3952C5.12203 19.7678 5.09098 19.9541 5.14876 20.0888C5.19933 20.2067 5.29328 20.3007 5.41118 20.3512C5.54589 20.409 5.73218 20.378 6.10476 20.3159L8.97693 19.8372C9.72813 19.712 10.1037 19.6494 10.4542 19.521C10.7652 19.407 11.0608 19.2549 11.3343 19.068C11.6425 18.8575 11.9118 18.5882 12.4503 18.0497L20 10.5C21.3807 9.11929 21.3807 6.88071 20 5.5C18.6193 4.11929 16.3807 4.11929 15 5.5L7.45026 13.0497C6.91175 13.5882 6.6425 13.8575 6.43197 14.1657C6.24513 14.4392 6.09299 14.7348 5.97903 15.0458C5.85062 15.3963 5.78802 15.7719 5.66282 16.5231Z" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"></path><path d="M14.5 7L18.5 11" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"></path><path d="M3.06957 10.8763C3.62331 6.43564 7.40967 3 12 3C14.2824 3 16.4028 3.85067 18.0118 5.25439V4C18.0118 3.44772 18.4595 3 19.0118 3C19.5641 3 20.0118 3.44772 20.0118 4V8C20.0118 8.55228 19.5641 9 19.0118 9H15C14.4477 9 14 8.55228 14 8C14 7.44772 14.4477 7 15 7H16.9571C15.6757 5.76379 13.9101 5 12 5C8.43108 5 5.48466 7.67174 5.0542 11.1237C4.98586 11.6718 4.48619 12.0607 3.93815 11.9923C3.39011 11.924 3.00123 11.4243 3.06957 10.8763ZM20.0618 12.0077C20.6099 12.076 20.9988 12.5757 20.9304 13.1237C20.3767 17.5644 16.5903 21 12 21C9.72322 21 7.60762 20.1535 5.99999 18.7559V20C5.99999 20.5523 5.55228 21 4.99999 21C4.44771 21 3.99999 20.5523 3.99999 20V16C3.99999 15.4477 4.44771 15 4.99999 15H8.99999C9.55228 15 9.99999 15.4477 9.99999 16C9.99999 16.5523 9.55228 17 8.99999 17H7.04285C8.32433 18.2362 10.0899 19 12 19C15.5689 19 18.5153 16.3283 18.9458 12.8763C19.0141 12.3282 19.5138 11.9393 20.0618 12.0077Z" fill="currentColor"></path><path fill-rule="evenodd" clip-rule="evenodd" d="M5.29289 9.29289C5.68342 8.90237 6.31658 8.90237 6.70711 9.29289L12 14.5858L17.2929 9.29289C17.6834 8.90237 18.3166 8.90237 18.7071 9.29289C19.0976 9.68342 19.0976 10.3166 18.7071 10.7071L12.7071 16.7071C12.5196 16.8946 12.2652 17 12 17C11.7348 17 11.4804 16.8946 11.2929 16.7071L5.29289 10.7071C4.90237 10.3166 4.90237 9.68342 5.29289 9.29289Z" fill="currentColor"></path>



SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/equities/25/06/45715850/trump-administration-silently-employs-palantir-to-gather-personal-data-of-each-american-raising-" target="_blank" rel="noreferrer noopener">Trump Administration Silently Employs Palantir To Gather Personal Data Of Each American, Raising Privacy, Data Misuse Concerns: Report</a>



Why It Matters: This investment comes after&nbsp;Microsoft <a href="https://www.benzinga.com/news/global/25/04/44645946/microsoft-halts-data-center-expansions-due-to-semiconductor-tariff-concerns-ai-overcapacity-fears">halted data center</a> expansions&nbsp;in several locations due to concerns over semiconductor tariffs and AI overcapacity in April. The company even abandoned plans to lease space for advanced NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips between London and Cambridge.



Prior to that, the Satya Nadella-led company committed $300 million towards cloud and AI investment in South Africa in March, while it announced an investment of $3 billion&nbsp;in India in January. 



During the Q1 earnings call, the CEO said the company is assessing demand, workload patterns and location before moving forward with data center projects. He also cautioned against building excessive infrastructure in a single location.



The recent move by Microsoft is noteworthy and follows aggressive expansion of data centers by competitors like Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). In May 2025,&nbsp;Amazon <a href="https://www.benzinga.com/markets/large-cap/25/05/45702458/amazon-expands-global-data-centers-boosts-access-to-nvidia-ai-chips-for-cloud-customers">announced </a>the expansion of its global data centers&nbsp;and increased access to NVIDIA&#8217;s AI chips for its cloud customers.



Microsoft&#8217;s investment in Switzerland could be a strategic move to stay competitive in the rapidly evolving AI and cloud computing market, while also capitalizing on the robust innovation ecosystem in the country.



According to Benzinga Edge Stock Rankings, Microsoft has a growth score of 51.76% and a momentum rating of 75.34%. Click <a href="https://www.benzinga.com/quote/MSFT">here </a>to see how it compares to other leading tech companies.



Over the past year, the shares of Microsoft climbed 11.33%, according to data from <a href="http://pro.benzinga.com">Benzinga Pro. </a>



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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Microsoft Announces $400 Million Investment To Expand AI And Cloud Infrastructure In Switzerland

The U.S. Department of Agriculture (USDA) has discovered a major food stamp fraud and bribery scheme, misappropriating millions of taxpayer dollars. This has led to the arrest of a USDA employee and five others.



What Happened: The USDA, along with the FBI and the U.S. Attorney's Office, has indicted six individuals in connection with a bribery and fraud scheme involving the Supplemental Nutrition Assistance Program (SNAP), allegedly resulting in over $66 million in unauthorized transactions, stated a federal press release on Friday.



The defendants, namely Michael Kehoe, Mohamad Nawafleh, Omar Alrawashdeh, Gamal Obaid, Emad Alrawashdeh and Arlasa Davis, are charged with &#8220;conspiracy to steal government funds and to misappropriate U.S. Department of Agriculture benefits,&#8221; as per a press release.



&#8220;This fraud was made possible when USDA employee Arlasa Davis betrayed the public trust by selling confidential government information to the very criminals she was supposed to catch,&#8221; declared U.S. Attorney Perry Carbone.



According to the indictment, the scheme started in 2019 with the formation of a network that distributed 160 unauthorized electronic benefit transfer (EBT) cards to stores throughout New York, illegally processing more than $30 million in EBT transactions.



The group also faces accusations of submitting fraudulent USDA applications, misusing license numbers, and falsifying documents to register unauthorized stores.



SEE ALSO: <a href="https://benzinga.com/news/politics/25/06/45715447/xi-jinpings-china-dismisses-trumps-groundless-accusations-on-geneva-trade-deal-breach-vows-strong-r" target="_blank" rel="noreferrer noopener">Xi Jinping&#8217;s China Dismisses Trump&#8217;s &#8216;Groundless&#8217; Accusations On Geneva Trade Deal Breach, Vows Strong Retaliation</a>



Why It Matters: The Trump administration had been vocal about its intentions to revamp food assistance programs. In February, the new leadership at the USDA, including Kailee Buller, the chief of staff, had <a href="https://www.benzinga.com/news/25/02/43901558/snap-benefits-in-focus-trump-admin-targets-bidens-food-assistance-policies">criticized </a>the previous administration for what they termed as &#8220;financial mismanagement&#8221; of food benefits. The Trump administration had pledged to correct these issues.



On the other hand, the rollout of the Make America Healthy Again (MAHA) food box initiative had been met with <a href="https://www.benzinga.com/personal-finance/25/05/45522362/we-have-no-details-says-food-program-director-as-trumps-maha-boxes-threaten-730000-seniors-grocery-lifeline">uncertainty and criticism</a>, making it difficult for food organizations to plan ahead. The sudden changes and lack of communication from the Trump administration had also been a point of concern. 



The 2026 budget proposal aims to cut the $425 million Commodity Supplemental Food Program, replacing it with &#8220;MAHA boxes&#8221; sourced directly from U.S. farmers, a move that could affect the grocery lifeline of over 730,000 seniors.



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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Administration Shuts Down $66 Million Food Stamp Fraud And Bribery Scheme, Arrests USDA Employee And 5 Others

The Trump administration has reportedly been discreetly working with&nbsp;Palantir Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) to gather personal data of American citizens from various federal agencies, sparking concerns over privacy and potential misuse of personal data.



What Happened: President Trump&#8217;s March executive order for federal data sharing is being implemented through Palantir&#8217;s product, Foundry. Although Trump has not publicly discussed this initiative, this platform is already in use by several federal agencies, including the Department of Health and Human Services as well as the Social Security Administration, <a href="https://www.nytimes.com/2025/05/30/technology/trump-palantir-data-americans.html">reported</a> The New York Times on Friday.



Foundry&#8217;s capabilities in data organization and analysis could potentially enable the merging of information from various agencies, thereby creating detailed profiles of American citizens. The Trump administration has attempted to access extensive citizen data from government databases, including bank details, student debt, medical claims, and disability status.



Palantir did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.



Palantir&#8217;s selection as a primary vendor for this project was reportedly influenced by the Department of Government Efficiency (DOGE), which was being overseen by&nbsp;Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO, Elon Musk.&nbsp;



Critics, including Democratic lawmakers and privacy advocates, fear that such data could be exploited for political purposes, such as policing immigrants and targeting critics.



Some Palantir employees fear the company&#8217;s association with Trump&#8217;s agenda and potential data breaches, prompting 13 former staffers to sign a letter urging it to cut ties with the administration.



SEE ALSO:&nbsp;<a href="https://benzinga.com/cannabis/25/06/45713694/mypillow-guy-mike-lindell-reportedly-plans-to-testify-at-his-defamation-trial-i-have-nothing-to-hide-i-a" target="_blank" rel="noreferrer noopener">MyPillow Guy Mike Lindell Reportedly Plans To Testify At His Defamation Trial: &#8216;I Have Nothing To Hide. I Am A Former Crack Addict&#8217;</a>



Why It Matters: The Trump administration&#8217;s collaboration with Palantir comes on the heels of several significant developments for the company. In late May, the Department of Defense (DoD) awarded Palantir a $795 million <a href="https://www.benzinga.com/25/05/45572000/palantir-stock-is-trading-higher-thursday-whats-going-on">modification to a contract</a> for its Maven Smart System software licenses, which likely contributed to a surge in the company&#8217;s stock price.



Earlier that month, Palantir announced a <a href="https://www.benzinga.com/markets/equities/25/05/45536259/palantir-partners-with-sap-to-fuse-ontology-foundry-and-enterprise-dataceo-alex-karp-calls-it-extremely-valuable">strategic partnership</a> with enterprise software giant&nbsp;SAP SE&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), integrating its data platforms with SAP&#8217;s enterprise solutions, a move that CEO&nbsp;Alex Karp&nbsp;described as &#8220;extremely valuable.&#8221;



Benzinga's Edge Rankings place Palantir in the 97th percentile for quality and the 3rd percentile for value, reflecting its mixed performance. Check the detailed report <a href="https://www.benzinga.com/quote/PLTR">here</a>.&nbsp;



The shares of Palantir climbed 7.73% to close at 131.78 on Friday. On a year-to-date basis, it surged 75.26%.



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Trump Administration Silently Employs Palantir To Gather Personal Data Of Each American, Raising Privacy, Data Misuse Concerns: Report

U.S. stock futures fell on Monday after a mixed close on Friday. Futures of major benchmark indices were trading lower in premarket.



After the Federal appeals court temporarily reinstated Donald Trump&#8216;s tariffs, he accused <a href="https://www.benzinga.com/news/legal/25/05/45683326/trump-tariffs-temporarily-preserved-as-appeals-court-pauses-lower-ruling">China of violating an agreement</a> with the U.S. to ease tariffs in his Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/114596705340367716">post</a>. 



However, Trump did not specify the details of this violation. Treasury Secretary Scott Bessent on Sunday clarified that China was withholding critical minerals it agreed to release in a trade deal the country signed with U.S. negotiators last month in Geneva.



Meanwhile, the 10-year Treasury bond yielded 4.44% and the two-year bond was at 3.92%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 98.7% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>-0.48%</td></tr><tr><td>S&amp;P 500</td><td>-0.53%</td></tr><tr><td>Nasdaq 100</td><td>-0.68%</td></tr><tr><td>Russell 2000</td><td>-0.58%</td></tr></tbody></table></figure>



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, fell in premarket on Monday. The SPY was down 0.53% at $586.24, while the QQQ declined 0.63% to $515.83, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



Sectoral moves led the U.S. stocks to a mixed close on Friday, with energy, consumer discretionary, and information technology stocks posting the largest declines, while consumer staples and utilities ended higher.



Wall Street ended May on a strong note, with the S&amp;P 500 up 6.2% and the Nasdaq soaring 9.6%, marking their best months since November 2023. The Dow gained 3.9% for the month.



Weekly gains showed the S&amp;P 500 advancing, the Dow up 1.6%, and the tech-heavy Nasdaq rising 2%.



Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares dropped over 2% after mixed first-quarter results, while Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) surged about 12% on better-than-expected Q1 earnings and raised guidance.



Economic data revealed the University of Michigan consumer sentiment revised up to 52.2 in May from a preliminary 50.8, while the Chicago PMI fell to 40.5 from 44.6 in the prior month.



The Dow Jones index ended 54 points or 0.13% higher at 42,270.07, whereas the S&amp;P 500 index fell 0.0081% to 5,911.69. Nasdaq Composite declined 0.28% to 19,113.77, and the small-cap gauge, Russell 2000, tumbled 0.41% to 2,066.29.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-0.28%</td><td>19,113.77</td></tr><tr><td>S&amp;P 500</td><td>-0.0081%</td><td>5,911.69</td></tr><tr><td>Dow Jones</td><td>0.13%</td><td>42,270.07</td></tr><tr><td>Russell 2000</td><td>-0.41%</td><td>2,066.29</td></tr></tbody></table></figure>



Insights From Analysts:



According to Bob Elliott, the CIO of Unlimited Funds, there was a "consensus" among the market participants that TACO trade or Trump Always Chickens Out' trade is priced in, meaning investors anticipate Trump's tariff retreats, especially now that he is embroiled in the legal battle over the validation of his levied tariffs.



He implied that TACO could pave the way for a "Run It Hot" economic environment, characterized by growth-oriented policies and sustained stimulus, further fueling market optimism.



Elliott's post signaled a widespread belief that Trump&#8217;s possible tariff rollbacks or extensions are not only predictable but also conducive to a pro-growth economic stance.



<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">TACO and Run It Hot are consensus at this point.&mdash; Bob Elliott (@BobEUnlimited) <a href="https://twitter.com/BobEUnlimited/status/1929147958139744440?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, head of research at Fundstrat Global Advisors, Tom Lee, stated that a "<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45715677/tom-lee-bets-on-a-new-bull-market-as-trumps-tariff-retreat-fuels-taco-trade-a">new bull market</a>" has emerged following the spike in the volatility gauge in April. &#8211;



"I think we had what was a miniature bear market, but has essentially rebirthed the new bull market," he <a href="https://www.cnbc.com/2025/05/30/tom-lee-says-the-april-selloff-rebirthed-a-new-bull-market-.html?__source=twitter%7Cpro&amp;taid=6839dcb51dc732000173796f&amp;utm_campaign=trueanthem&amp;utm_content=pro&amp;utm_medium=social&amp;utm_source=twitter">told</a> CNBC as he expects "pretty shallow" dips from here, advising investors to consider small-cap stocks other than the Magnificent 7



"As I look at the second half, I think the small caps really have a strong case to be made, because as long as we move towards a tariff resolution, or the markets feel that way, then I think investors can actually start putting flows back into stocks other than the Mag Seven,&#8221; Lee said.



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on this week:



<ul class="wp-block-list">
<li>On Monday, May&#8217;s S&amp;P final U.S. manufacturing PMI will be released by 9:45 a.m. ET.</li>



<li>ISM manufacturing data for May and construction spending data for April will be out by 10:00 a.m. ET.</li>



<li>Dallas Fed President Lorie Logan will speak at 10:15 a.m., Chicago Fed President Austan Goolsbee will speak at 12:45 p.m., and Federal Reserve Chair Jerome Powell will speak at 1:00 p.m. ET.</li>



<li>Auto sales data will also be released on Monday.</li>



<li>On Tuesday, April&#8217;s factory orders and job openings data will be out by 10:00 a.m. ET.</li>



<li>Chicago Fed President Austan Goolsbee will speak at 12:45 p.m., Federal Reserve Governor Lisa Cook will speak at 1:00 p.m., and Dallas Fed President Lorie Logan will speak at 3:30 p.m. ET.</li>



<li>On Wednesday, May&#8217;s ADP employment data will be out by 8:15 a.m. ET.</li>



<li>May&#8217;s S&amp;P final U.S. services PMI will be released at 9:45 a.m., and ISM services data will be out by 10:00 a.m. ET.</li>



<li>Atlanta Fed President Raphael Bostic and Federal Reserve Governor Lisa Cook will speak at the Fed listens event at 10:15 a.m. ET.</li>



<li>Fed Beige Book will be out by 2:00 p.m. ET.</li>



<li>On Thursday, the initial jobless claims data for the week ended May 31, April U.S. trade deficit, and first quarter&#8217;s U.S. productivity data will be out by 8:30 a.m. ET.</li>



<li>Federal Reserve Governor Adriana Kugler will speak at noon, and Philadelphia Fed President Patrick Harker will speak at 1:30 p.m. ET.</li>



<li>On Friday, May&#8217;s U.S. employment report, unemployment rate, and hourly wages data will be released by 8:30 a.m. ET.</li>



<li>April&#8217;s consumer credit data will be announced at 3:00 p.m. ET.</li>
</ul>



Stocks In Focus:



<ul class="wp-block-list">
<li>Campbell&#8217;s Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) rose 2.32% in premarket on Monday as analysts expect it to report quarterly earnings of 66 cents per share on revenue of $2.43 billion, before the opening bell.</li>



<li>Science Applications International Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) was up 0.29% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $2.13 per share on revenue of $1.87 billion.</li>



<li>Credo Technology Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) declined 1.03% as analysts expect it to report quarterly earnings of 28 cents per share on revenue of $160.16 million, after the closing bell.</li>



<li>Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) advanced 0.32% after it announced plans to acquire Blueprint Medicines Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>), which jumped 26.78%, for $9.5 billion.</li>



<li>Brand Engagement Network Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) surged 63.73% after its plans to acquire Cataneo GmbH for $19.5 million were extended, with $550,000 paid so far.</li>



<li>Plus Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTV#NASDAQ">PSTV</a>) gained 37.05% after its cancer drug REYOBIQ extended patient survival to 17 months.</li>



<li>Ryvyl Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVYL#NASDAQ">RVYL</a>) climbed 26.19% after it received an extension from Nasdaq to regain compliance with listing requirements after failing to meet minimum stockholders&#8217; equity criteria last week.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 3.55% to hover around $62.95 per barrel.



Gold Spot US Dollar rose 1.78% to hover around $3,348.94 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.64% at the 98.6940 level.



Asian markets closed lower on Friday except South Korea's Kospi index. Australia's ASX 200, China&#8217;s CSI 300, India's S&amp;P BSE Sensex, Japan's Nikkei 225, and Hong Kong's Hang Seng indices declined. European markets were lower in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45715677/tom-lee-bets-on-a-new-bull-market-as-trumps-tariff-retreat-fuels-taco-trade-amid-run-it-hot-optimism">Tom Lee Bets On &#8216;A New Bull Market,&#8217; As Trump&#8217;s Tariff Retreat Fuels &#8216;TACO&#8217; Trade Amid &#8216;Run It Hot&#8217; Optimism </a></li>
</ul>



Photo courtesy: godongphoto / Shutterstock.com

Pre-Market Outlook

BNAI

BPMC

CRDO

DELL

PSTV

RVYL

SAIC

ULTA

US Stocks Likely To Open Lower After A Solid May: 'TACO' Trade And 'Run It Hot' Optimism 'Are Consensus At This Point,' Says Expert

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.



U.S. stocks settled mixed on Friday, with the Dow Jones index gaining more than 50 points during the session after President Donald Trump accused China of &#8220;totally&#8221; breaching a tariff agreement, raising new fears over trade disputes.



Wall Street closed on a positive note last month, with the S&amp;P 500 gaining more than 6.2% in May and the Nasdaq jumping 9.6%. Both indices recorded their strongest months since November 2023. The Dow surged 3.9% for the month.



For the week, the S&amp;P 500 climbed, while the 30-stock Dow climbed 1.6%. The tech-laden Nasdaq, meanwhile, surged 2% last week.



Shares of Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) fell more than 2% on Friday after the company reported mixed financial results for the first quarter. Shares of Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) jumped around 12% after the company reported better-than-expected first-quarter financial results and raised guidance.



On the economic data front, the University of Michigan consumer sentiment was revised higher to 52.2 in May versus a preliminary reading of 50.8. The Chicago PMI declined to 40.5 in May versus 44.6 in the previous month.



Most sectors on the S&amp;P 500 closed on a negative note, with energy, consumer discretionary and information technology stocks recording the biggest losses on Friday. However, consumer staples and utilities stocks bucked the overall market trend, closing the session higher.



The Dow Jones closed higher by around 54 points to 42,270.07 on Friday. The S&amp;P 500 slipped 0.01% to 5,911.69, while the Nasdaq Composite declined 0.32% to 19,113.77 during Friday's session.



Investors are awaiting earnings results from The Campbell&#8217;s Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>), Science Applications International Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) and Credo Technology Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 61.5, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 62.4.



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 class="wp-block-list">
<li><a href="https://www.benzinga.com/cannabis/25/05/45692676/wall-streets-most-accurate-analysts-spotlight-on-3-utilities-stocks-delivering-high-dividend-yields-8">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields</a> </li>
</ul>



Photo courtesy: Shutterstock

Equities

S&P 500 Records Gain For May: Investor Sentiment Declines, But Fear Index Remains In 'Greed' Zone

Leading cryptocurrencies were in the green on Sunday, stock futures dipped amid concerns that trade hostilities between the U.S. and China would resume.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:30 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+0.97%</td><td>$105,427.19</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+0.21%</td><td>$2,529.68</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.00%</td><td>$0.1931</td></tr></tbody></table></figure>



What Happened: Bitcoin traded in the $105,000 range for most of the day, while Ethereum remained in the $2,500 range. Trading volumes for both blue-chip currencies declined significantly in the last 24 hours.



The apex cryptocurrency ended May with returns of nearly 11%, higher than the average return of 8.18% for the month. ETH surged 40.84%, snapping a five-month-long losing streak.



About $147 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly equal amounts of longs and shorts erased.



Bitcoin&#8217;s Open Interest rose 1.62% in the last 24 hours. Over 50% of Binance traders with open BTC positions were long as of this writing.



The &#8220;Greed&#8221; sentiment rose sharply from 56 to 65 in the last 24 hours, as indicated by the Crypto Fear and Greed Index, implying a resurgence in buying pressure.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 9:30 p.m. ET)</td></tr><tr><td>Flare (FLR)</td><td>+9.05%</td><td>$0.01899</td></tr><tr><td>Monero (XMR)</td><td>+7.54%</td><td>$345.71</td></tr><tr><td>Zcash (ZEC)</td><td>+6.40%</td><td>$53.19</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.3 trillion, following an increase of 0.98% in the last 24 hours.



Stock futures edged lower overnight Sunday. The Dow Jones Industrial Average Futures fell 104 points, or 0.25%, as of 9:31 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 dipped 0.28%, while Nasdaq 100 Futures lost 0.40%.



This comes after President Donald Trump <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45703311/us-listed-chinese-stocks-drop-after-trump-renews-trade-tensions">accused China</a> of violating an agreement with the U.S. to ease tariffs.



Nonetheless, equities enjoyed a resurgence last month, with the Dow Jones Industrial Average and the S&amp;P 500 rising 3.72% and 5.49%, respectively, on favorable <a href="https://www.benzinga.com/news/topics/25/06/45711633/trumps-tariffs-in-court-summers-stark-warning-us-china-stalemate-and-woods-reaganomics-comparison-this-week-in-economics">tariff-related developments</a>.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Widely followed cryptocurrency analyst Michaël van de Poppe anticipated a "decisive week" for Bitcoin ahead.



"If it breaks back above $106,000, the big party is about to happen," Van De Poppe predicted. "With PMI &amp; unemployment data during this week, I assume we&#8217;ll have a lot of volatility."



<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">Decisive week coming up for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. If it breaks back above $106,000, the big party is about to happen. With PMI &amp; Unemployment Data during this week, I assume we&#39;ll have a lot of volatility. <a href="https://t.co/c4fGKTzVNq">pic.twitter.com/c4fGKTzVNq</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1929276012770324485?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Cryptocurrency influencer Mando CT was optimistic about a "big" move for ETH in the week ahead.



"The reason? Our mid and low-cap alts are still down and need to catch up," the influencer said.



<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"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is holding strong in a good range, and I&#39;m very optimistic for another big move up this week. The reason? Our mid and low-cap alts are still down and need to catch up. <a href="https://t.co/L2vFuhHcZH">pic.twitter.com/L2vFuhHcZH</a>&mdash; MANDO CT (@XMaximist) <a href="https://twitter.com/XMaximist/status/1929193565378265585?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Yalcin Sonat On Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45712515/miner-wars-is-not-play-to-earn-its-play-the-hashrate-says-gominings-jeremy-dreier">&#8216;Miner Wars Is Not Play-To-Earn, It&#8217;s Play-The-Hashrate,&#8217; Says GoMining&#8217;s Jeremy Dreier</a></li>
</ul>

Cryptocurrency

Movers

Trading Ideas

$BTC

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Hold Steady Amid US-China Trade War Tensions: Analyst Foresees 'Big Party' If BTC Reclaims $106,000

Authorities are intensifying their investigation into a violent incident in Boulder, Colorado, which has been classified as a &#8220;targeted terror attack&#8221; by the Federal Bureau of Investigation. The attack, which occurred during a pro-Israel demonstration, has raised significant concerns about the safety of community gatherings.



What Happened: The FBI and local authorities are probing a Sunday afternoon attack in Boulder, Colorado, that injured multiple individuals. According to a <a href="https://thehill.com/homenews/state-watch/5328100-boulder-attack-fbi/">report</a> from The Hill, FBI Director Kash Patel described the event as a &#8220;targeted terror attack.&#8221; The incident occurred at a pedestrian mall near 13th and Pearl streets during a peaceful pro-Israel demonstration.



Officers responded to reports of several victims and evacuated the area. A suspect was apprehended but remains unidentified publicly. The attack involved a man allegedly setting people on fire, with the exact number of injuries still unknown. The suspect was taken into custody without incident and&nbsp;transported to the hospital with&nbsp;minor injuries.



President Donald Trump has been briefed on the situation, a White House official informed NewsNation. Colorado Gov. Jared Polis (D) condemned the act as a &#8220;heinous act of terror,&#8221; while Colorado Attorney General Phil Weiser suggested it appears to be a hate crime. The attack targeted a Jewish community gathering organized by Run for Their Lives, aiming to raise awareness for hostages held in Gaza.



The Boulder Jewish community expressed their sorrow over the incident, which involved an incendiary device thrown at participants. They pledged to keep the community informed as more details emerge.



See Also: <a href="https://benzinga.com/news/topics/25/05/45708861/trump-demands-automakers-including-tesla-build-entirely-in-the-us" target="_blank" rel="noreferrer noopener">Trump Demands Automakers, Including Tesla, Build Entirely In The US</a>



Why It Matters: This attack in Boulder is part of a troubling pattern of violence targeting Jewish communities and individuals. 



Just days before, on May 22, two Israeli Embassy staff members were killed in a <a href="https://www.benzinga.com/news/25/05/45557408/two-israeli-embassy-staff-killed-in-shooting-near-dc-museum">shooting near the Capital Jewish Museum</a> in Washington, D.C. Homeland Security Secretary Kristi Noem labeled that incident as a &#8220;depraved&#8221; act, emphasizing the need for justice. 



Photo Courtesy: Mark Van Scyoc on Shutterstock.com



Check This Out:



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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

FBI Investigating Boulder Attack As 'Targeted Terror' Incident

U.S. Stock futures fell on Sunday evening, starting the new month on a sobering note, amid fresh steel and aluminum tariff concerns over the weekend.



Starting with the S&amp;P 500 Futures trading at 5,896.25, down 0.33%, followed by Nasdaq Futures at 21,279.50, down 0.45%, and finally Dow Jones Futures down 0.30%, trading at 42,169.00, at the time of writing this.



This comes amid President Donald Trump&#8217;s announcement on Friday that he would be doubling <a href="https://www.benzinga.com/news/topics/25/05/45708977/trump-doubles-steel-tariffs-to-50-saying-it-will-secure-american-jobs-backs-us-steels-takeover-by-japans-nippon">tariffs on imported steel</a> to 50%, from the current 25%. The tariffs are aimed at revitalizing the domestic steel industry and protecting jobs, marking the latest escalation in Trump&#8217;s trade wars.



See Also: <a href="https://www.benzinga.com/cannabis/25/06/45713578/jerome-powell-to-step-down-x-abuzz-with-rumors-but-polymarket-bettors-are-not-buying-it">Jerome Powell To Step Down? X Abuzz With Rumors, But Polymarket Bettors Are Not Buying It</a>



The tariffs are set to take effect on Wednesday, June 4, and comes just days after Trump approved United States Steel Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) <a href="https://www.benzinga.com/news/global/25/05/45622810/japans-nippon-steel-to-acquire-us-steel-at-55-per-share-report">acquisition by Japan&#8217;s</a> Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) in a $15 billion deal. 



Japan&#8217;s benchmark Nikkei 225 opened lower on Monday, down 1.37% or 521 points, trading at 37,443.59. Steel makers and export-oriented companies led the decline, while real estate, media, and communications remain on the ascent.



The U.S. Dollar Index (DXY) is down 0.2% for the day, trading at 99.1459, <a href="https://www.benzinga.com/markets/commodities/25/05/45617358/gold-demand-holds-firm-as-dollar-confidence-wavers">amid wavering confidence</a> among global investors in the currency.



The markets on Monday will be closely watching Federal Reserve Chair Jerome Powell&#8217;s speech in Washington, DC, following a <a href="https://www.benzinga.com/news/politics/25/05/45692797/trump-tells-powell-hes-making-a-mistake-by-not-cutting-rates-fed-reaffirms-independence">closed-door meeting</a> with Trump at the White House on Friday.



Investors will also be closely watching the earnings results of companies such as Campbell&#8217;s Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) and Credo Technology Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>), which are scheduled to announce on Monday.



Photo Courtesy: Billion Photos on Shutterstock.com



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<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/management/25/06/45712701/jim-cramer-predicts-were-headed-to-prices-were-not-used-to-says-you-should-invest-at-least-50-a-month-to-tackle-financial-uncertainty">Jim Cramer Predicts We&#8217;re Headed To &#8216;Prices We&#8217;re Not Used To&#8217; – Says You Should Invest At Least $50 a Month to Tackle Financial Uncertainty</a></li>
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NISTF

Dow Futures Slip Over 100 Points After Trump Announces Doubling Steel Tariffs, Nikkei Down

Jim Cramer, one of the most prominent hosts in financial television, recently celebrated the 20th anniversary of his CNBC show "Mad Money."



&nbsp;In an <a href="https://www.youtube.com/watch?v=ZegKKOVojTk&amp;t=159s">interview</a> with NBC's "Today" last month, Cramer reflected on two decades of his show and explained why he believes it resonated with the general public. He was asked to give advice on tackling financial uncertainty as Americans brace for the impact of tariffs. Cramer said when he started his show, it was not a "great time" for the economy, but investors who stayed in the market "did great." Cramer urged people to keep investing despite broader market headwinds.



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"Same thing is going to go on here," Cramer said. "Stay the course. And if it gets too crazy, just continue to stay the course. Put more money in. $50 a month. Okay? $50 a month is a great amount."



When asked where investors should put their money, Cramer said people should start with an S&amp;P fund.



"Never, ever lose faith in the country. Remember the country and the market — they&#8217;re very separate from what happens in Washington," he added.



Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.



<h2 class="wp-block-heading">Cramer Says ‘Bad Stuff' Incoming</h2>



Cramer expects a lot of "bad stuff" in the weeks ahead due to inflation. However, he believes that it would not "last forever."



"It will be tough on the regular person because you&#8217;re not going to be making enough to cover what is basically a tax," Cramer said. "And I&#8217;m not saying Republican or Democrat. I&#8217;m just telling the truth."&nbsp;



Earlier this month, the Federal Reserve kept its benchmark lending rate unchanged, but warned that inflation could increase due to the impact of tariffs.&nbsp;



"If the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment," Fed Chair Jerome Powell <a href="https://www.wsj.com/economy/central-banking/fed-keeps-rates-steady-as-tariff-uncertainty-roils-outlook-55ebe99f">said</a> at a news conference at the time.



See Also: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>



Atlanta Fed President Raphael Bostic said in a recent interview with <a href="https://www.youtube.com/watch?v=zdE3Dg2hw6w">CNBC</a> that the economy and policies are in a lot of flux and pointed to inflation risks.



"I worry a lot about the inflation side, and mainly because we're seeing expectations move in a troublesome way," Bostic said.



Asked whether he believes we are headed for a recession, Cramer said "absolutely not," adding that the US is poised to see strong jobs growth.



"But we&#8217;ll be headed for prices that we&#8217;re not used to seeing," he said.



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Image: Shutterstock

Personal Finance

Jim Cramer Predicts We're Headed To 'Prices We're Not Used To' – Says You Should Invest At Least $50 a Month to Tackle Financial Uncertainty

In a move that could escalate trade tensions with the U.S., Germany is reportedly contemplating imposing a 10% tax on major online platforms, including&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">Meta Platforms Inc. </a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</a>.&nbsp;



Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) isn&#8217;t a company usually associated with national security, but it is in the crosshairs of President&nbsp;Donald Trump, now an expert has <a target="_blank" href="https://www.benzinga.com/markets/25/05/45603673/trumps-targeting-of-apple-isnt-random-analyst-says-its-a-calculated-move-for-maximum-political-gain" rel="noreferrer noopener">given his take on the situation</a>.



Entertainment



JioHotstar, the newly merged streaming platform from&nbsp;Walt Disney Co.&nbsp;and&nbsp;Mukesh Ambani&#8217;s Reliance, has added 230 million subscribers in just three months, bringing its total to 280 million, nearly matching&nbsp;Netflix Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) <a target="_blank" href="https://www.benzinga.com/25/05/45604822/disney-and-ambanis-jiohotstar-adds-230-million-subscribers-in-3-months-nears-netflixs-global-total-driven-by-crickets-unmatched-pull-in-india" rel="noreferrer noopener">300 million global users</a>.



Technology



Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang's&nbsp;rejection of&nbsp;PowerPoint&nbsp;presentations isn&#8217;t a quirky habit—it&#8217;s part of a broader trend among some of the most successful tech leaders who believe slide <a target="_blank" href="https://www.benzinga.com/media/25/05/45614590/jensen-huang-isnt-a-powerpoint-fan-neither-are-jeff-bezos-and-elon-musk-why-slide-decks-dont-cut-it-for-todays-tech-leaders" rel="noreferrer noopener">decks are a barrier to real thinking</a>.



Nvidia CEO&nbsp;Jensen Huang&nbsp;said that he believes&nbsp;Tesla&#8217;s&nbsp;Optimus&nbsp;humanoid robot&nbsp;could be the first to reach mass adoption and trigger <a target="_blank" href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry" rel="noreferrer noopener">a multi-trillion-dollar industry</a>.



Alphabet&#8217;s&nbsp;CEO&nbsp;Sundar Pichai&nbsp;has firmly rejected the notion that anyone at&nbsp;Google&nbsp;can manually alter search rankings, even in response to <a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">Donald Trump&#8217;s</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">&nbsp;complaints</a>.



Years after&nbsp;a controversial split,&nbsp;Mark Zuckerberg&#8217;s Meta Platforms&nbsp;and&nbsp;Palmer Luckey&nbsp;are teaming up again—this time to equip U.S. soldiers <a target="_blank" href="https://www.benzinga.com/media/25/05/45687185/mark-zuckerbergs-meta-reunites-with-palmer-luckey-to-equip-us-soldiers-with-eagleeye-an-ai-powered-combat-headset-that-can-detect-drones" rel="noreferrer noopener">with next-gen combat headsets</a>.



Smartphones



Apple CEO&nbsp;Tim Cook has found himself at the receiving end of President&nbsp;Donald Trump‘s criticism, marking a stark contrast to their previously warm relationship, but reports suggest iPhone production in <a target="_blank" href="https://www.benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report" rel="noreferrer noopener">India is not the only reason</a>.



A fresh wave of tariff threats is hanging over&nbsp;Apple, but JPMorgan&#8217;s Samik Chatterjee isn&#8217;t downgrading Apple stock. In fact, he&#8217;s sticking to an Overweight rating, calling&nbsp;the company &#8220;well positioned&#8221;&nbsp;t<a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45608580/apple-may-hike-iphone-price-but-well-positioned-to-eat-tariff-bite-says-analyst" rel="noreferrer noopener">o weather the cost shock</a>.



Apple&nbsp;supplier&nbsp;Foxconn&nbsp;is set to announce a partnership with a second Japanese auto manufacturer as the Taiwanese <a target="_blank" href="https://www.benzinga.com/25/05/45667851/apple-supplier-foxconn-set-to-announce-second-japanese-auto-partner-as-it-turns-to-evs" rel="noreferrer noopener">manufacturer turns towards EVs</a>.



A new leak from a&nbsp;Weibo&nbsp;tipster,&nbsp;Digital Chat Station, suggests that&nbsp;Apple is working on a significant camera upgrade for a future&nbsp;iPhone&nbsp;model — <a target="_blank" href="https://www.benzinga.com/25/05/45637477/iphone-camera-could-get-its-biggest-upgrade-yet-with-200mp-sensor-leak-suggests-will-apple-finally-catch-up-to-samsung" rel="noreferrer noopener">a 200-megapixel sensor</a>.



Apple is reportedly preparing to rebrand its software platforms by introducing <a target="_blank" href="https://www.benzinga.com/25/05/45661713/apple-to-rename-all-operating-systems-for-2026-ios-macos-ipados-get-year-based-overhaul-and-fresh-look" rel="noreferrer noopener">a year-based naming system</a>.



Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet" rel="noreferrer noopener">Apple&#8217;s Former Design Chief Jony Ive Called Phones And Laptops &#8216;Legacy Platforms:&#8217; Sundar Pichai Says Pulling Out A &#8216;Black Glass Display Rectangle&#8217; Won&#8217;t Make Sense Forever</a>



Automobiles/Spacecraft



Regulators from China&#8217;s commerce ministry are set to meet with executives from several Chinese automakers, including EV giant&nbsp;BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), to discuss the<a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45611701/chinese-regulators-will-meet-tesla-rival-byd-other-companies-to-discuss-zero-mile-used-cars-report" rel="noreferrer noopener"> surge in zero-mile used car sales</a>.



One of the major dealers of Chinese EV giant&nbsp;BYD has reportedly shut down its operations across multiple cities in China as the company <a target="_blank" href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report" rel="noreferrer noopener">expands into the European market</a>.



Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO&nbsp;Elon Musk&nbsp;said that the company&#8217;s Starship rocket, a crucial element in the billionaire&#8217;s plans to set up a colony on Mars, can <a target="_blank" href="https://www.benzinga.com/25/05/45612033/elon-musk-touts-spacexs-starship-rocket-ahead-of-launch-says-it-can-reach-mars-in-six-months" rel="noreferrer noopener">reach the red planet in 6 months</a>.



Elon Musk&#8216;s EV giant recorded over 11,000 new insured registrations in the Chinese market for the week ending May 25, according to a post on social media platform X on Tuesday by&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Future Fund LLC</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">&#8216;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Gary Black</a>.



Tesla sales fell 49% YoY in Europe for April as&nbsp;Elon Musk&#8216;s EV giant continues to <a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market" rel="noreferrer noopener">grapple with global challenges</a>.



Tesla rival&nbsp;Li Auto Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) will release two new SUVs this year and could also release the company&#8217;s first-ever sedan, provided the <a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45691082/tesla-rival-li-auto-will-release-2-new-suvs-this-year-ceo-li-xiang-hints-at-companys-first-sedan" rel="noreferrer noopener">market conditions are favorable</a>.



Tesla will launch its Robotaxi service in Austin on June 12, with CEO&nbsp;Elon Musk&nbsp;confirming that the company is <a target="_blank" href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule" rel="noreferrer noopener">currently testing the Model Y</a>.



Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) CEO&nbsp;RJ Scaringe&nbsp;has shared a sneak peek of the upcoming Rivian R2&#8217;s rear suspension, <a target="_blank" href="https://www.benzinga.com/25/05/45642153/rivian-ceo-rj-scaringe-touts-45000-rivian-r2s-updated-rear-suspension-cant-wait-for-folks" rel="noreferrer noopener">ahead of the planned 2026 launch</a>.



Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45617151/ubs-maintains-neutral-rating-for-rivian-stock-sets-price-13-price-target" rel="noreferrer noopener">Rivian Stock Above $15, But UBS Sees Fair Value At $13 Amid Affordability Concerns</a>



Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), the parent company of brands like&nbsp;Dodge&nbsp;and&nbsp;Jeep, has appointed&nbsp;Antonio Filosa&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45638939/stellantis-names-antonio-filosa-ceo-amid-uncertainty-over-trumps-50-eu-tariff-threat" rel="noreferrer noopener">as the new chief executive officer</a>.



General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will invest $888 million in its Tonawanda Propulsion facility, where the company manufactures V-8 engines that power its <a target="_blank" href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share" rel="noreferrer noopener">SUVs and Full-Size Trucks</a>.



Artificial Intelligence



Some news headlines and social media chatter have stirred excitement—and confusion—over whether all UAE residents now get free access to&nbsp;ChatGPT Plus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">as part of</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;latest expansion</a>.



On Wednesday, the legal battle between&nbsp;OpenAI&nbsp;and&nbsp;Elon Musk&nbsp;escalated as the&nbsp;ChatGPT&nbsp;maker urged a judge to allow its countersuit to proceed, accusing the billionaire of <a target="_blank" href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt" rel="noreferrer noopener">fraud and media manipulation</a>.



Chinese AI startup&nbsp;DeepSeek, which triggered a&nbsp;$600 billion drop&nbsp;in&nbsp;Nvidia Corporation&#8217;s&nbsp;market value with the release of its&nbsp;R1&nbsp;model in January, has quietly launched an updated version <a target="_blank" href="https://www.benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-mini" rel="noreferrer noopener">of its reasoning model</a>.



Kevin O&#8217;Leary&nbsp;is on a mission to make AI fluency essential for business leaders—and he&#8217;s hiring <a target="_blank" href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity" rel="noreferrer noopener">trainers to make it happen</a>.



Image: Shutterstock/JHVEPhoto

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BYDDF

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RIVN

STLA

Consumer Tech News (May 26-May 30): Germany May Impose 10% Online Platform Tax, Tesla's European Sales Slump & More

The past week has been a whirlwind of economic and political news. From a second federal judge blocking President Donald Trump&#8217;s emergency tariff powers to former Treasury Secretary Larry Summers issuing a stark warning about America&#8217;s fiscal trajectory, the headlines have been filled with significant developments.



Here&#8217;s a quick recap of the top stories.



Trump&#8217;s Tariff Powers Blocked



A Washington-based federal judge, U.S. District Judge Rudolph Contreras, has ruled against President Trump&#8217;s attempt to exercise emergency powers to reshape trade policy. This ruling came just hours after the U.S. Court of International Trade struck down Trump&#8217;s tariffs. Contreras stated that the International Emergency Economic Powers Act (IEEPA) does not grant Trump the authority to impose or adjust tariffs without approval from Congress.



<a href="https://www.benzinga.com/25/05/45687946/second-federal-judge-blocks-trumps-emergency-tariff-powers-hours-after-us-court-of-international-trade-ruling">Read the full article here.</a>



Larry Summers&#8217; Stark Warning



Former Treasury Secretary Larry Summers has expressed concern over America&#8217;s fiscal trajectory, blaming President Trump and the GOP's "One Big, Beautiful Bill." Summers warned that the United States is on the verge of a crisis if current debt trends continue.



<a href="https://www.benzinga.com/markets/25/05/45686699/larry-summers-issues-stark-warning-the-big-beautiful-bill-is-actually-a-prescription-for-deadly-dangerous">Read the full article here.</a>



See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45686497/jamie-raskin-wants-trump-to-disclose-his-crypto-dinner-guest-list-says-foreigners-cant-donate-dollar-but-are-buying-access-to-president-through-memecoin" target="_blank" rel="noreferrer noopener">Jamie Raskin Wants Trump To Disclose His Crypto Dinner Guest List</a>



Japan&#8217;s Tariff Countermeasures



In response to heightened U.S. tariffs, Japan's government has announced a significant economic stimulus package. The government is set to allocate 900 billion yen ($6.3 billion) for emergency economic measures to counteract the adverse effects of increased U.S. tariffs.



<a href="https://www.benzinga.com/news/25/05/45609927/trump-tariff-countermeasures-japan-to-reportedly-roll-out-6-3-billion-emergency-fund-stimulus-as-early-as-tu">Read the full article here.</a>



US-China Trade Talks Stalemate



Trade negotiations between the United States and China have reached an impasse, according to U.S. Treasury Secretary Scott Bessent. Bessent suggested that a final agreement might require direct input from President Donald Trump and China's President Xi Jinping.



<a href="https://www.benzinga.com/25/05/45685544/scott-bessent-says-us-china-trade-talks-at-stalemate-need-trump-and-xi-jinping-touch-to-break-the-deadlock">Read the full article here.</a>



Cathie Wood&#8217;s Reaganomics Comparison



ARK Invest founder Cathie Wood has endorsed the Trump administration's economic policies, comparing them to "Reaganomics on steroids." Wood believes that current policies mirror former President Ronald Reagan&#8217;s playbook of deregulation, tax cuts, and lower interest rates.



<a href="https://www.benzinga.com/news/25/05/45603865/cathie-wood-calls-trump-policy-reaganomics-on-steroids-as-treasury-secretary-says-us-can-grow-its-way-out-of">Read the full article here.</a>



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Photo courtesy: Shutterstock



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Trump's Tariffs In Court, Summers' Stark Warning, US-China Stalemate, And Wood's Reaganomics Comparison: This Week In Economics

It's not every day someone casually accuses a former Speaker of the House of defying both math and mortality — but then again, <a href="https://www.benzinga.com/25/05/45516211/grant-cardones-two-most-hated-on-opinions-most-people-should-not-go-to-college-and-a-house-is-a-terrible-investment">Grant Cardone isn't known for pulling punches</a>.



In an <a href="https://youtu.be/-N5ivvV2_Cc?si=rfI64j7wJVC4NikL">interview last year with DJ Vlad</a>, Cardone took aim at Nancy Pelosi's reported wealth, questioning how a public servant making $179,000 a year could be worth $120 million. "You can't do the math on it," he said flatly. "She would have to be 33,000 years old or something." After revising, he settled on a more "reasonable" estimate: "She would have to be on Earth 3,300 years," he said, in order to turn her salary into the fortune she's reported to have.



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Cardone didn't stop there. Factoring in taxes and cost of living, he added, "She's probably paying 50% in taxes… So she's making $89,000 a year, bro. She's worth $120 million minimum. She would have to be 1,500 years old if she never spent one penny."



The math may have been delivered with a smirk, but the underlying message wasn't a joke: "If you make $179,000 a year, you will never be a millionaire — much less worth $120 million." He went on to call out both parties for profiting off insider knowledge, saying, "There's a whole bunch of them… Republicans and Democrats."



His proposed solution? Cut Congressional salaries to the median American wage and ban trading altogether: "If you're in Congress or Senate… you cannot insider trade. Period. In fact, you cannot trade at all."



Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.



At the time of the interview, Pelosi's net worth was estimated around $120 million — but today, it's significantly higher. As of early 2025, Pelosi's net worth is estimated to be between $246.8 million and $259 million, <a href="https://www.quiverquant.com/congresstrading/politician/Nancy%20Pelosi-P000197/net-worth">according to Quiver Quantitative</a>. That's more than double what Cardone was reacting to just a year ago.



Much of the wealth is tied to savvy and controversial investments in tech stocks and real estate, largely managed by her husband, Paul Pelosi. While there's no direct evidence of insider trading, public skepticism has remained high — and the numbers haven't exactly helped.



Cardone may have been using hyperbole when he joked that Pelosi would need to be 3,300 years old to earn her wealth. But if the <a href="https://www.benzinga.com/money/are-you-rich">trajectory of her portfolio</a> is any indication, she's aging just fine — and so is her net worth.



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<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
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Image: Shutterstock

Grant Cardone Says Nancy Pelosi's $120 Million Net Worth Defies Life And Math — 'She'd Need To Be 33,000 Years Old' On A $179,000 Salary

Anthony Scaramucci,&nbsp;the founder of SkyBridge Capital, shared his journey into the world of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) that started during his brief stint at the White House. His interest in cryptocurrency has since led him to become a significant player in the digital currency space.



What Happened: Scaramucci&#8217;s second encounter with Bitcoin happened in the Roosevelt Room of the White House in 2017. The meeting, attended by then-Treasury Secretary Steve Mnuchin and officials from The Federal Reserve, revolved around cryptocurrency research and was a pivotal moment in sparking Scaramucci&#8217;s interest in Bitcoin and blockchain technology.



After his departure from the White House, Scaramucci delved deeper into digital currency research, eventually becoming a crypto investor through his hedge fund. His publication, The Little Book of Bitcoin, shares stories about people&#8217;s journey to cryptocurrency, reflecting his belief that most people who explore Bitcoin end up believing in it.



As per the Fortune, the book has been well-received, earning praise from Strategy chairman Michael Saylor, despite initial disagreements about investment allocation recommendations.&nbsp;



According to Scaramucci, he approached Saylor to pen the foreword for his book. After reading the manuscript, Saylor called him—while sailing on his yacht—to say he was impressed overall, but strongly disagreed with the final chapter. 



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378636/scaramucci-bitcoin-is-a-volatile-asset-but-ready-for-prime-time-institutional-investing">Scaramucci: Bitcoin Is a Volatile Asset, But &#8216;Ready for Prime Time Institutional Investing&#8217;</a>



Saylor questioned why Scaramucci would advocate for Bitcoin with such strong conviction yet suggest only a modest investment. 



Saylor told him, "You just got done telling me this is the greatest investment" but you only recommend a 2% allocation, Scaramucci said. That feedback led Scaramucci to revise the book's conclusion.



While Scaramucci has found success in his crypto investments, he has made it clear that he has no political ambitions. He expressed hope for a resolution to the political impasse and the ongoing tariff issues with Canada.



Why It Matters: Scaramucci&#8217;s journey from the White House to becoming a crypto investor highlights the growing interest and acceptance of cryptocurrencies among traditional finance professionals. 



His story, as told in his book, could inspire more people to explore and invest in digital currencies, potentially driving further growth in the cryptocurrency market.



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Image: Shutterstock/Al Teich

Michael Saylor Called Scaramucci From a Yacht and It Changed the Ending of His Book

In a podcast conversation that was made public Friday, U2 frontman Paul David Hewson, popularly known by the nickname Bono, told Joe Rogan that over 300,000 people have died globally <a href="https://www.benzinga.com/25/05/45345966/bill-gates-criticizes-elon-musk-over-usaid-cuts-demonizing-aid-workers-is-deeply-unfair-warns-against-undermining-global-health-efforts">due to severe cuts</a> to U.S. Agency for International Development (USAID) funding led by Elon Musk's Department of Government Efficiency (DOGE)—a claim the billionaire swiftly denied, calling Bono a "liar."



What Happened: During an appearance on The Joe Rogan Experience, Bono cited a report suggesting that more than 300,000 people, mostly children, have died from the abrupt funding freeze at USAID.



He said that the cuts resulted in food, water, and medical aid being stranded due to mass layoffs of key personnel.



"There's food rotting in boats, in warehouses—50,000 tons of it," Bono said. "The people who knew the codes, who were responsible for distributing that aid, were fired. That's not America, is it?"



See Also: <a href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella" target="_blank" rel="noreferrer noopener">Elon Musk Was Once A Microsoft Intern — Now His Company Is Bringing Grok To Azure</a>



The statistic comes from modeling done by Brooke Nichols, an infectious disease expert at Boston University.



Musk responded to Bono's comment on his social media platform, X, formerly Twitter, <a href="https://x.com/elonmusk/status/1928650871035891811">saying</a>, "He's such a liar/i&#x2A;&#x2A;&#x2A;&#x2A;," adding, "Zero people have died!"



Why It's Important: The USAID budget was slashed by over 80% earlier this year, following Trump's executive order authorizing DOGE to cut $1 trillion in federal spending, <a href="https://www.thetimes.com/us/american-politics/article/usaid-doge-deaths-children-cuts-7nb83dfkp">reported</a> The Times.



USAID's programs, which once supported food aid, clean water access, and HIV treatment in over 120 countries, have been largely dismantled or folded into the State Department.



At a congressional hearing last week, Rep. Brad Sherman (D-Calif.) pressed Secretary of State Marco Rubio on whether anyone had died due to the aid cuts, which Rubio called a lie, <a href="https://www.washingtonpost.com/politics/2025/05/28/rubio-aid-cuts-deaths-fact-checker/">reported</a> the Washington Post.



Rubio also called the question "unfair" and pointed to other countries&#8217; aid reductions.



Meanwhile, on Friday, Musk ended his contentious four-month stint as head of the DOGE.



Despite failing to deliver the anticipated savings, President Donald Trump presented him with a <a href="http://v/">golden key to the White House</a> in a symbolic gesture of appreciation.



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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: Shutterstock

Bono Tells Joe Rogan That 300,000 People Have Died From DOGE-Led USAID Cuts: Elon Musk Calls Him A Liar, Says 'Zero People Have Died'

These eleven mid-cap stocks were the best performers in the last week. Are they in your portfolio?



<ol class="wp-block-list">
<li>LZ Technology Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZMH#NASDAQ">LZMH</a>) shares surged 78.57% last week.</li>



<li>Centrus Energy Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) shares rose 36.22% as President Donald Trump signed a suite of executive orders aimed at <a href="https://www.benzinga.com//node/45654523" target="_blank" rel="noreferrer noopener">reviving the U.S. nuclear industry.</a></li>



<li>e.l.f Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) stock escalated 35.89% after it reported better-than-expected quarterly results and announced it would acquire Hailey Bieber&#8217;s <a href="https://www.benzinga.com//node/45677382" target="_blank" rel="noreferrer noopener">Brand Rhode for $1 billion</a>. Analysts raised the <a href="https://www.benzinga.com/quote/elf/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>



<li>Merus N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) stock increased 34.78%.</li>



<li>Oklo Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) stock was up 32.73% due to executive orders signed by Trump to <a href="https://www.benzinga.com//node/45654523" target="_blank" rel="noreferrer noopener">revive the U.S. nuclear industry.</a></li>



<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) shares upped 26.32%.</li>



<li>Informatica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>) shares jumped 25.05% after the company announced that Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) would acquire them for approximately $8 billion, and analysts <a href="https://www.benzinga.com//node/45647236" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>



<li>BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) stock escalated 22.29% after the company reported better-than-expected first-quarter results. Additionally, the company announced that its president, CEO, and chair of the board will retire <a href="https://www.benzinga.com//node/45664327" target="_blank" rel="noreferrer noopener">by the end of the fiscal year</a>. Analysts raised the <a href="https://www.benzinga.com/quote/dooo/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast/ rating on the stock</a>.</li>



<li>Box (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) stock grew 20.99% after the company reported better-than-expected first-quarter financial results, and analysts revised the <a href="https://www.benzinga.com//node/45646700" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>



<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) stock upped 17.77% after the company announced closing a <a href="https://www.benzinga.com//node/45643642" target="_blank" rel="noreferrer noopener">$250 million investment</a> from Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>).</li>



<li>C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) shares rose 16.98% after the company reported better-than-expected fourth-quarter financial results and announced a renewal and expansion of its joint venture with Baker Hughes for accelerated AI-driven transformations <a href="https://www.benzinga.com//node/45657936" target="_blank" rel="noreferrer noopener">in the energy and industrial sectors</a>. Analysts revised the <a href="https://www.benzinga.com/quote/ai/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
</ol>



Photo by LisaChi via Shutterstock

Mid Cap

DOOO

INFA

JOBY

LZMH

MRUS

OKLO

e.l.f Beauty, Box And Joby Aviation Are Among Top 11 Mid-Cap Gainers Last Week (May 26-May 30): Are Others In Your Portfolio?

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?



<ol class="wp-block-list">
<li>Summit Therapeutics Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) stock declined 29.32% after the company announced topline results <a href="https://www.benzinga.com//node/45693375" target="_blank" rel="noreferrer noopener">from its Phase 3 HARMONi trial</a>.</li>



<li>Temu parent PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) shares tumbled 19.44%  after President Trump said China had violated its agreement with the U.S. Additionally, a federal appeals court on Thursday temporarily reinstated most of<a href="https://www.benzinga.com//node/45696218" target="_blank" rel="noreferrer noopener"> the tariffs imposed by Trump</a>.</li>



<li>Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) shares fell 17.86% after the company and Sanofi said the AERIFY-1 study met its primary endpoint, <a href="https://www.benzinga.com//node/45692578" target="_blank" rel="noreferrer noopener">but the AERIFY-2 study did not</a>.</li>



<li>Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) dipped 17.72% after Barclays maintained an Equal-Weight rating on the stock and lowered its <a href="https://www.benzinga.com//node/45657176" target="_blank" rel="noreferrer noopener">price forecast from $140 to $120</a>.</li>



<li>Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) stock declined 16.74% after the company reported first-quarter financial results and provided cautious forward-looking commentary. Multiple analysts also lowered<a href="https://www.benzinga.com//node/45651210" target="_blank" rel="noreferrer noopener"> price forecasts following the report</a>.</li>



<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares were down 16.31%, possibly amid overall market strength, after President Trump had delayed 50% EU tariffs until July.</li>



<li>Copart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) dipped 15.13% last week. The stock continued its decline after reporting a <a href="https://www.benzinga.com//node/45574729" target="_blank" rel="noreferrer noopener">third-quarter revenue miss</a>.</li>



<li>The Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) shares decreased 13.90% despite a <a href="https://www.benzinga.com//node/45681308" target="_blank" rel="noreferrer noopener">second-quarter earnings beat</a>. JP Morgan downgraded the stock from Overweight to Neutral and lowered its price forecast from <a href="https://www.benzinga.com/quote/coo/analyst-ratings" target="_blank" rel="noreferrer noopener">$110 to $76</a>.</li>



<li>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) stock fell 12.89%.</li>



<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) stock was down 12.63% after it reported mixed second-quarter earnings and cut its outlook. Additionally, several firms cut their respective <a href="https://www.benzinga.com//node/45698612" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>



<li>Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) stock declined 11.90% after its <a href="https://www.benzinga.com//node/45674314" target="_blank" rel="noreferrer noopener">first-quarter results</a>. Additionally, several firms revised their respective <a href="https://www.benzinga.com/quote/burl/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>
</ol>



Image Via Shutterstock

Large Cap

BURL

CPRT

DECK

OKTA

REGN

SMMT

Temu Parent PDD, Regeneron Pharmaceutical And Burlington Stores Are Among Top 11 Large-Cap Losers Last Week (May 26-May 30): Are The Others In Your Portfolio?

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?



<ol class="wp-block-list">
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shares jumped 25.45%. Japan&#8217;s Nippon Steel is set to finalize its acquisition of the company at $55 per share, according to <a href="https://www.benzinga.com//node/45622810" target="_blank" rel="noreferrer noopener">sources familiar with the matter</a>.</li>



<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) shares escalated 19.30% after Jefferies analyst Brent Thill upgraded the company from Hold to Buy and raised <a href="https://www.benzinga.com/quote/u/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast from $22 to $29</a>.</li>



<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) shares rose 18.75% after multiple analysts raised their price forecasts on the stock. The company <a href="https://www.benzinga.com//node/45677373" target="_blank" rel="noreferrer noopener">recently raised its FY26 guidance</a>.</li>



<li>BWX Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWXT#NYSE">BWXT</a>) shares upped 16.71% as President Donald Trump signed a suite of executive orders to <a href="https://www.benzinga.com//node/45654523" target="_blank" rel="noreferrer noopener">revive the U.S. nuclear industry</a>.</li>



<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) shares increased 14.88% after the company reported better-than-expected first-quarter earnings and analysts <a href="https://www.benzinga.com//node/45695903" target="_blank" rel="noreferrer noopener">raised the price forecast on the stock</a>.</li>



<li>Reddit, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock increased 14.27% after it was named among the <a href="https://www.benzinga.com//node/45679678" target="_blank" rel="noreferrer noopener">additions to the Russell 3000 index</a>.</li>



<li>Hologic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) stock grew 14.12% after private equity firms TPG and Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) recently bid to acquire the company, <a href="https://www.benzinga.com//node/45629538" target="_blank" rel="noreferrer noopener">valuing it at over $16 billion</a>.</li>



<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) stock upped 13.12%, possibly amid overall market strength after President Trump delayed 50% EU tariffs to July.</li>



<li>Heico Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) shares were up 12.19% after the company reported <a href="https://www.benzinga.com//node/45630872" target="_blank" rel="noreferrer noopener">better-than-expected financial results</a>.</li>



<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock gained 11.82% last week. It continued upward momentum following <a href="https://www.benzinga.com//node/45543602" target="_blank" rel="noreferrer noopener">strong Q1 earnings</a> and tariff <a href="https://www.benzinga.com//node/45655193" target="_blank" rel="noreferrer noopener">truce tailwinds</a>.</li>
</ol>



Photo via Shutterstock

BWXT

HOLX

INTU

RDDT

VEEV

United States Steel, Applovin And Ulta Beauty Are Among Top Large-Cap Gainers Last Week (May 26-May 30): Are The Others In Your Portfolio?

The past week was a whirlwind in the tech world, with major players making significant moves. From legal battles to stock predictions and AI advancements, the industry was buzzing with activity. Here&#8217;s a quick recap of the top stories that made headlines.



OpenAI vs. Elon Musk: A Legal Showdown



The ongoing legal tussle between OpenAI and Tesla Inc. CEO Elon Musk took a dramatic turn this week. OpenAI has urged a judge to keep its countersuit alive, accusing Musk of fraud and media manipulation. The AI firm argues that Musk&#8217;s bid to dismiss the countersuit lacks factual grounding.



<a href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt">Read the full article here.</a>



Nvidia&#8217;s Stock Predicted to Soar



Analysts predict a significant upside for Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stocks, following a robust first-quarter financial report. Despite China export restrictions, the tech giant&#8217;s future looks promising. Rosenblatt analyst Kevin Cassidy maintained a Buy rating on Nvidia and raised the price target from $178 to $200.



<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45675006/nvidia-stock-has-significant-upside-as-ai-godfather-jensen-huang-delivers-another-robust-quarter">Read the full article here.</a>



See Also: <a href="https://benzinga.com/25/05/45644145/nvidia-stock-is-bullish-ahead-of-q1-earnings-but-will-h20-chip-woes-dampen-the-party" target="_blank" rel="noreferrer noopener">Nvidia Bullish Ahead Of Q1 Earnings, But Will H20 Chip Woes Dampen The Party?</a>



Kevin O&#8217;Leary&#8217;s AI Mission



Business magnate Kevin O&#8217;Leary is on a mission to make AI fluency a must-have skill for CEOs. He&#8217;s hiring professionals to train business leaders on how to leverage AI tools across all areas of business, promising job security for life.



<a href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity">Read the full article here.</a>



DeepSeek&#8217;s Quiet AI Update



Chinese AI startup DeepSeek quietly launched an updated version of its reasoning model, R1-0528. The release comes after the company&#8217;s R1 model triggered a $600 billion drop in Nvidia&#8217;s market value earlier this year.



<a href="https://www.benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-mini">Read the full article here.</a>



Nvidia&#8217;s AI Growth Drivers



Despite a projected $8 billion revenue loss due to U.S. export curbs on China, Nvidia remains optimistic. The chipmaker&#8217;s guidance and AI momentum are stronger than expected, with CEO Jensen Huang outlining four key AI growth drivers.



<a href="https://www.benzinga.com/25/05/45662144/despite-8-billion-blow-from-china-export-curbs-nvidia-still-raised-guidance-as-blackwell-chips-and-enterprise-ai-demand-soar-highlights-four-explosive-growth-drivers">Read the full article here.</a>



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Another Blockbuster Nvidia Quarter, OpenAI Vs. Elon Musk, DeepSeek Update, And More: This Week In AI

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