Goldman Sachs ETF Trust Goldman Sachs Dynamic New York Municipal Income ETF (ARCA: GMNY)

Latest news for Goldman Sachs ETF Trust Goldman Sachs Dynamic New York Municipal Income ETF (ARCA:GMNY)

The Fund invests, under normal circumstances, at least 80 percent of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (Net Assets) in fixed income securities issued by or on behalf of the state of New York and its political subdivisions, agencies and instrumentalities thereof and other states, territories and possessions of the United States (including the District of Columbia) and the political subdivisions, agencies and instrumentalities thereof (Municipal Securities), the interest on which is exempt from regular federal income tax (i.e., excluded from gross income for federal income tax purposes) and New York State and City personal income taxes.

Goldman Sachs Dynamic New York Municipal Income ETF

Goldman Sachs ETF Trust Goldman Sachs Dynamic New York Municipal Income ETF

Lowe's Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) will release its fourth-quarter financial results before the <a href="https://www.benzinga.com/quote/LOW/earnings">opening bell on Wednesday, Feb. 26.</a>
Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $1.84 per share, up from $1.77 per share in the year-ago period. Lowe's projects quarterly revenue of $18.29 billion, compared to $18.6 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Dec. 11, 2024, Lowe's highlighted its near-term and long-term financial targets at its 2024 Analyst and Investor Conference. The company introduced a standardized framework to harness generative AI, aimed at improving customer experiences and boosting productivity.
Lowe's shares gained 2.2% to close at $242.39 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/LOW/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating with a price target of $305 on Feb. 20, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Truist Securities analyst Scott Ciccarelli maintained a Buy rating and raised the price target from $307 to $308 on Feb. 11, 2025. This analyst has an accuracy rate of 71%.</li>
<li>RBC Capital analyst Steven Shamesh maintained a Sector Perform rating and increased the price target from $291 to $292 on Dec. 12, 2024. This analyst has an accuracy rate of 63%.</li>
<li>Evercore ISI Group analyst Greg Melich maintained an In-Line rating and raised the price target from $270 to $290 on Dec. 12, 2024. This analyst has an accuracy rate of 81%.</li>
<li>Wedbush analyst Seth Basham reiterated a Neutral rating with a price target of $250 on Dec. 12, 2024. This analyst has an accuracy rate of 73%.</li>
</ul>
Considering buying LOW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214-1024x576.png" alt="" class="wp-image-798310" style="width:546px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/25150907/image-214.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43909562/top-2-industrials-stocks-that-are-set-to-fly-this-quarter">Top 2 Industrials Stocks That Are Set To Fly This Quarter</a></li>
</ul>

Earnings

News

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Lowe's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) reported quarterly earnings of $0.19 per share which missed the analyst consensus estimate of $1.02 by 81.37 percent. This is a 5 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $2.50 billion which missed the analyst consensus estimate of $14.54 billion by 82.80 percent. This is a 8.49 percent decrease over sales of $2.73 billion the same period last year.

Earnings Misses

Telefonica Brasil Q4 2024 GAAP EPS $0.19 Misses $1.02 Estimate, Sales $2.50B Miss $14.54B Estimate

On Tuesday, AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) CEO Adam Aron said that the world's biggest streamers are rethinking their approach to the big screen—Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are fully on board, but Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) still needs convincing.
What Happened: "There are streamers and then there are streamers," Aron said during AMC's <a href="https://in.benzinga.com/general/entertainment/25/02/43958798/amc-q4-earnings-revenue-beat-eps-in-line-attendance-up-20-shares-climb">fourth-quarter earnings</a> call.&nbsp;
The CEO noted that both companies have shown enthusiasm for theatrical distribution, with Amazon significantly expanding its distribution team to boost film releases.
Apple is also gearing up for the <a href="https://www.benzinga.com/general/22/06/27599992/top-gun-maverick-director-to-team-up-with-apple-brad-pitt-for-formula-1-movie">release of the movie</a> &#8220;F1,&#8221; directed by Joe Kosinski and starring Brad Pitt, which is expected to be a major hit.
See Also: <a href="https://in.benzinga.com/25/02/43878300/netflix-invests-1b-in-mexican-film-industry">Netflix Bets Big On Mexico: Plans $1B Investment To Supercharge Local Productions</a>
Aron said that the industry is recognizing the value of theatrical releases, as movies that perform well in theaters often become popular on streaming platforms.
He stated that while Apple and Amazon are embracing this trend, Netflix has been less enthusiastic. "We would love to be able to convince Netflix that embracing theatrical releases is good for them."&nbsp;
He pointed out that Netflix had previously tested the waters with "Glass Onion" and now "Narnia," <a href="https://www.benzinga.com/media/25/01/43063274/imax-secures-netflix-deal-for-exclusive-narnia-theatrical-release-stock-jumps">which will screen on</a> IMAX Corp. (NYSE: IMAX0 screens.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters:&nbsp; In the fourth quarter, AMC reported revenue of $1.31 billion, surpassing the consensus estimate of $1.3 billion.
While AMC CEO seems to be encouraging streamers and theatres collaboration, Netflix co-CEO Ted Sarandos last year said that blockbuster films like &#8220;Barbie&#8221; and &#8220;Oppenheimer&#8221; would have been <a href="https://www.benzinga.com/general/entertainment/24/05/39024178/barbie-and-oppenheimer-wouldve-hit-just-as-big-on-netflix-says-ted-sarandos-but-social-medi">equally successful on their platform</a>.
His statement sparked a debate about the role of theaters in a streaming-dominated era.&nbsp;
In October also, Sarandos defended Netflix&#8217;s strategy of largely bypassing theatrical releases saying, "I'm just going to reiterate, we are in the subscriptions streaming business, and you can see our results. It's a pretty good business and it appeals to a very large segment of consumers and fans."
In January 2025, Netflix reported <a href="https://www.benzinga.com/news/earnings/25/01/43114866/netflix-q4-earnings-record-subscribers-nfl-squid-game-push-past-highest-expectations">fourth-quarter revenue</a> of $10.25 billion, marking a 16% year-over-year increase and exceeding the Street consensus estimate of $10.11 billion.
Price Action: In after-hours trading, AMC stock rose 0.91% to $3.30. Earlier on Tuesday, it closed at $3.27, down 2.68% for the day. Meanwhile, Netflix stock edged up 0.13% in after-hours trading after closing at $977.24 on Tuesday, reflecting a 1.14% decline for the day, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://in.benzinga.com/media/25/02/43792375/squid-game-fuels-netflixs-dominance-in-south-koreas-booming-streaming-market-report">&#8216;Squid Game&#8217; Fuels Netflix&#8217;s Dominance in South Korea&#8217;s Booming Streaming Market: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

Tech

AAPL

AMZN

NFLX

AMC CEO Says Apple And Amazon Are Warming Up To Theatrical Releases But This Streaming Giant Still Isn't Convinced

On Tuesday, a federal judge ruled that Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) must <a href="https://www.benzinga.com/25/02/43723246/meta-faces-backlash-as-laid-off-workers-say-they-were-unfairly-targeted-despite-strong-performance-records">face a lawsuit</a> alleging it systematically favors foreign workers.
What Happened: U.S. Magistrate Judge Laurel Beeler in San Francisco allowed a proposed class-action lawsuit to proceed, brought by Purushothaman Rajaram, Ekta Bhatia, and Qun Wang, who claim Meta rejected them in favor of foreign workers despite their qualifications, reported Reuters.
The plaintiffs argue that Meta has a pattern of prioritizing visa holders for employment, a claim supported by court-cited statistics: 15% of Meta's U.S. workforce holds H-1B visas, compared to 0.5% across all industries.
See Also: <a href="https://www.benzinga.com/markets/25/02/43962882/meta-gears-up-for-ai-dominance-with-200-billion-data-center-project-report">Meta Gears Up For AI Dominance With $200 Billion Data Center Project: Report</a>
Meta denied the allegations, stating the claims are "baseless" and that there is no evidence it intended to discriminate.
Why It Matters: The lawsuit against Meta comes amid a backdrop of ongoing debates over using <a href="https://www.benzinga.com/news/24/12/42715951/trump-backs-immigration-visas-musk-praises-his-stance-and-says-rising-tide-lifts-all-boats">H-1B visas in the tech industry</a>.&nbsp;
In 2020, President Donald Trump signed an executive order temporarily suspending new H-1B visas, arguing they should go only to highly skilled, well-paid workers and not replace Americans.
A federal judge struck down the order, prompting his administration to impose stricter eligibility rules and higher salary requirements. Another judge later blocked some of those changes.
In December 2024, Trump <a href="https://www.benzinga.com/news/24/12/42715951/trump-backs-immigration-visas-musk-praises-his-stance-and-says-rising-tide-lifts-all-boats">defended the program</a>, saying, "I've been a believer in H-1B. I have used it many times. It's a great program."
Amazon topped the list of H-1B visa sponsors in fiscal year 2024, filing 10,969 Labor Condition Applications (LCA) with an average salary of $149,812, according to myvisajobs.com's ranking of the top 200 employers.
Cognizant Technology Solutions followed with 8,688 applications and an average salary of $101,773, while Ernst &amp; Young filed 8,674 applications, offering an average of $143,378. Tata Consultancy Services and Google rounded out the top five, with 8,120 and 7,649 applications, respectively. Google offered the highest average salary among them at $178,184.
Other major tech firms on the list include Microsoft (6,649 applications, $163,672 average salary), Meta (4,566 applications, $199,944), and Intel (3,242 applications, $145,250).
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43153571/openais-sam-altman-flip-flops-on-trump-as-500-billion-stargate-ai-project-is-announced-years-after-praising-reid-hoffman-for-stopping-his-re-election" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says ‘I Wish I Had Done More Of My Own Thinking&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Legal

Media

Meta Hit with Lawsuit Claiming It Favors Foreign Workers Over US Citizens — Mark Zuckerberg-Led Tech Giant Calls It 'Baseless'

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) notched sizable gains Tuesday even as the broader market sentiment was grim following Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) precipitous drop.
What happened: Frog-themed Pepe rallied over 6% in the last 24 hours, while the trading volume jumped 12.26% to over $1 billion. Among meme coins with over a billion dollars in capitalization, Pepe gained the most.
Chandler, a prominent Pepe bull, stated that, while the coin was down 70% from its highs, anyone buying the present dip would be up +800% in the next significant retrace.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So you bought <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> at the top and now you're down 70%. Okay, but have you tried buying now so during the next -70% you'll still be up 800%? &#x1f438; Many <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> holders are still in profit today—not just because they were early, but also because they were buying when others were… <a href="https://t.co/Dcom2dMkj4">pic.twitter.com/Dcom2dMkj4</a>
&mdash; Chandler&#x26a1;&#xFE0F; (@ChandlerCharts) <a href="https://twitter.com/ChandlerCharts/status/1894502825519955968?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Notably, just about 34% of Pepe holders were in profit at the current price, <a href="https://app.intotheblock.com/coin/PEPE">according </a>to IntoTheBlock.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43931332/peter-schiff-questions-michael-saylor-led-strategys-leverage-bitcoin-play-amid-share-price-decline-massive-dilution-has-destroyed-shareholder-value">Peter Schiff Questions Michael Saylor-Led Strategy&#8217;s Leverage Bitcoin Play Amid MSTR Decline: &#8216;Massive Dilution Has Destroyed Shareholder Value&#8217;</a>
Shiba Inu, another Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based meme coin, gained 4.12%, alongside a 16.83% jump in trading volumes. Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Bonk rose over 5%.&nbsp;
Meanwhile, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), the largest meme coin by market valuation, was up marginally by 0.20%.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:30 p.m. ET)</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>+6.75%</td>
<td>$0.000008378</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+5.22%</td>
<td>$0.00001368</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>+4.12%</td>
<td>$0.00001430</td>
</tr>
</tbody>
</table>
</figure>
The overall meme coin market capitalization rose 2.44% to $58.37 billion in the last 24 hours, marking a noticeable recovery.
The gains in meme coins <a href="https://www.benzinga.com/25/02/43963235/bitcoin-cracks-ethereum-dogecoin-recoup-as-extreme-fear-grips-crypto-market-heres-what-this-top-analyst-says-about-buying-the-dip">contrasted with the downsides</a> in Bitcoin, as the world's leading cryptocurrency plunged below $86,000 for the first time in over three months. Ethereum also traded flat as of this writing. 
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/02/43931639/riot-platforms-ceo-reaffirms-plan-to-boost-bitcoin-yield-but-not-looking-too-closely-at-strategys-maneuvers">Riot Platforms CEO Reaffirms Plan To Boost Bitcoin Yield But &#8216;Not Looking Too Closely&#8217; At Michael Saylor-Led Strategy&#8217;s Maneuvers</a></li>
</ul>

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

Cryptocurrency

Movers

$BONK

$BTC

$DOGE

$ETH

$PEPE

$SHIB

$SOL

Pepe, Shiba Inu Lead Recovery Amid Broader Slump —Trader Says Those Buying PEPE Now Would Sit Pretty During The Memecoin's Next Retrace

Dockworkers along the U.S. East and Gulf coasts have overwhelmingly approved a six-year contract agreement with nearly 99% voting in favor, the International Longshoremen&#8217;s Association announced Tuesday. 
The approval removes the threat of a potentially devastating strike that could have severely impacted supply chains across major U.S. ports from Boston to Houston, <a href="https://apnews.com/article/us-dockworkers-union-labor-agreement-c3a2abcc2de362b2b104b54100ad8d15">reported</a> the Associated Press.
The contract, already approved by the U.S. Maritime Alliance of ports and shipping companies last month, provides workers with a substantial 62% pay increase over six years, raising top-scale hourly wages from $39 to $63. ILA President Harold Daggett called the agreement &#8220;the &#8216;gold standard&#8217; for dockworker unions globally,&#8221; despite requiring a three-day strike last October to advance negotiations.
A key breakthrough came on automation, the most contentious issue dividing the parties. The agreement permits ports to implement modernizing technology while requiring new worker hiring and prohibiting full automation. Brian Lynch of EY Americas noted the contract &#8220;opens the door a little more for advanced technology&#8221; while maintaining labor protections.
The agreement will be officially signed the week of Mar. 10. President Donald Trump had previously voiced support for the union, criticizing automation&#8217;s impact on American workers.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43955914/market-could-enter-a-real-correction-expert-warns">Market Could Enter A ‘Real Correction,' Expert Warns, Highlights 2 ‘Recession-Resistant' Companies</a></li>
</ul>
Image Via Shuttertstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

US Dockworkers Approve 62% Wage Hike In New 6-Year Contract, Averting Major Port Disruption

An investor recommendation urging video game retailer GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) to adopt the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) standard caused cryptocurrencies themed on the company to surge on Tuesday.
What happened: BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>)-based GameStop Coin exploded 363% over the last 24 hours to a market capitalization of $3.15 million.
Similarly, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based GameStop, with a much higher valuation, rallied over 8%, while its trading volume bounced 46% in the last 24 hours.
It&#8217;s worth noting that these meme coins aren't directly tied to GameStop but rather seek to capitalize on the hype surrounding the meme stock.
Benzinga Note:&nbsp;Investing in meme coins and cryptocurrencies is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:50 p.m. ET)</td>
</tr>
<tr>
<td>GameStop Coin (GME)</td>
<td>+363.19%</td>
<td>$0.000009387</td>
</tr>
<tr>
<td>GameStop (GME)</td>
<td>+8.27%</td>
<td>$0.0001116</td>
</tr>
</tbody>
</table>
</figure>
The surge came after Matt Cole, CEO of investment firm Strive Asset Management, sent a letter urging GameStop CEO Ryan Cohen to adopt Bitcoin as a Treasury reserve asset.&nbsp;
Strive, which holds shares of GameStop through its exchange-traded funds, proposed that GameStop utilize its $5 billion-strong cash reserves to invest in Bitcoin, a move that could propel itself &#8220;from meme stock to market leader.&#8221;
Cohen has acknowledged the letter.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yesterday, Strive sent GameStop an engagement letter urging them to adopt Bitcoin as the cornerstone of their treasury. We believe this shift can elevate <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> from "meme stock" to gaming-sector leader, driving long-run value for shareholders—including our clients who hold…
&mdash; Matt Cole (@ColeMacro) <a href="https://twitter.com/ColeMacro/status/1894425685126455740?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Note that Strive was co-founded by Ohio Governor hopeful Vivek Ramaswamy in early 2022.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43931332/peter-schiff-questions-michael-saylor-led-strategys-leverage-bitcoin-play-amid-share-price-decline-massive-dilution-has-destroyed-shareholder-value">Peter Schiff Questions Michael Saylor-Led Strategy&#8217;s Leverage Bitcoin Play Amid MSTR Decline: &#8216;Massive Dilution Has Destroyed Shareholder Value&#8217;</a>
Why It Matters: Speculations about GameStop's foray into Bitcoin investments have soared ever since <a href="https://in.benzinga.com/trading-ideas/movers/25/02/43605313/gamestop-stock-is-surging-monday-whats-going-on">Cohen posted a picture</a> with Michael Saylor, co-founder of Bitcoin Treasury company Strategy,&nbsp; on X
GameStop has been one of the most popular retail stocks in recent years, helped by the historic 2021 meme stock craze that saw the stock squeeze higher. Keith Gill, also known as <a href="https://www.benzinga.com/topic/roaring-kitty">"Roaring Kitty,&#8221;</a> has influenced GameStop&#8217;s price action through his cryptic posts on X.
Price Action: Shares of GameStop were up 0.16% in after-hours trading after closing 2.32% lower at&nbsp; $24.42 during Tuesday's regular session , according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/02/43931639/riot-platforms-ceo-reaffirms-plan-to-boost-bitcoin-yield-but-not-looking-too-closely-at-strategys-maneuvers">Riot Platforms CEO Reaffirms Plan To Boost Bitcoin Yield But &#8216;Not Looking Too Closely&#8217; At Michael Saylor-Led Strategy&#8217;s Maneuvers</a></li>
</ul>

$BNB

GameStop-Themed Cryptos Soar After Vivek Ramaswamy Co-Founded Firm's CEO Urges Bitcoin Investment: Graduate From Being 'Meme Stock' To Sector Leader

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is working to fix a bug in its AI-powered dictation system after iPhone users reported that saying "racist" caused the word "Trump" to appear briefly before correcting itself.
What Happened: The issue was first noticed on Tuesday, with reports spreading rapidly after a viral TikTok video highlighted the problem.
<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">&#x1f6a8; When I first heard about this I assumed it was some clickbait conservatard hoax &#8211; but it's real and happening. When you use voice to text on an iPhone and say "racist" it first appears as Trump. Check it out &#x1f447;&#x1f3fb;&#x1f447;&#x1f3fb;&#x1f447;&#x1f3fb; <a href="https://t.co/Ry8HJPRj8r">pic.twitter.com/Ry8HJPRj8r</a>
&mdash; Steven Steele (@MrStevenSteele) <a href="https://twitter.com/MrStevenSteele/status/1894546462681235582?ref_src=twsrc%5Etfw">February 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
An Apple spokeswoman attributed the issue to phonetic overlap between the two words and stated that the company is working on a fix, <a href="https://www.nytimes.com/2025/02/25/technology/iphone-dictation-trump-racist.html">reported</a> the New York Times.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Last month, Apple had to disable its AI news summarization feature after it <a href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries">generated inaccurate headlines</a>.
&nbsp;"This smells like a serious prank," John Burkey, a former Apple Siri team member and AI startup founder said about the latest issue, the report noted.&nbsp;
Burkey added, "The only question is: Did someone slip this into the data or slip into the code?"
The timing of the controversy is notable, appearing a day after Apple announced a <a href="https://www.benzinga.com/markets/equities/25/02/43933072/apple-could-save-11-billion-annually-by-avoiding-tariffs-as-tim-cooks-tech-giant-pledges-500-billion-us-investment-says-top-analyst">$500 billion U.S. investment</a>, which includes plans to manufacture AI servers in Houston, Texas.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42682230/tech-bull-predicts-26-upside-for-apple-stock-sees-golden-era-of-growth-for-cupertino-due-to-multi-year-ai-driven-iphone-upgrade-cycle">Tech Bull Predicts 26% Upside For Apple Stock, Sees &#8216;Golden Era Of Growth&#8217; For Cupertino With AI-Driven iPhone Upgrade Cycle</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple's AI Dictation Bug That Replaces 'Racist' With 'Trump' Sparks Controversy — Cupertino Says Its Phonetic Overlap

U.S. indices had a mixed close on Tuesday, with the Dow Jones Industrial Average gaining nearly 0.4% to 43,621.16, while the S&amp;P 500 slipped about 0.5% to 5,955.25. The Nasdaq saw a steeper drop of 1.35%, closing at 19,026.39. Despite the broader downturn, certain stocks drew interest from retail traders and investors.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Super Micro Computer, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
Super Micro Computer&#8217;s shares surged nearly 10% in Tuesday's after-hours session after the company filed its delayed quarterly and annual reports with the U.S. Securities and Exchange Commission. The stock closed down 11.76% at $45.54, with an intraday high of $50.67 and a low of $44. The 52-week high and low are $122.9 and $17.25 respectively. 
The company filed its delayed quarterly and annual reports with the U.S. Securities and Exchange Commission. The <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43960671/super-micro-computer-stock-is-soaring-after-hours-whats-going-on">filing</a> included the annual report for the fiscal year ending June 30, 2024, and quarterly reports for periods ending September 30, 2024, and December 31, 2024. According to the reports, second-quarter revenue registered at $5.68 billion.
Lucid Group, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)
Lucid Group reported fourth-quarter financial results after the market close on Tuesday. The stock closed down 6.12% at $2.61, with an intraday high of $2.90 and a low of $2.60. The 52-week high and low are $4.43 and $1.93 respectively. The company reported its <a href="https://www.benzinga.com/news/earnings/25/02/43957497/lucid-q4-earnings-revenue-beat-eps-beat-20k-production-guidance-for-2025-ceo-transition-and-more">fourth-quarter financial results</a>, which showed a revenue of $234.5 million, surpassing the consensus estimate of $214.22 million. Lucid also reported a loss of 22 cents per share, beating analyst estimates of a 27-cent loss.
Cava Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>)
Cava Group reported its fourth-quarter results after Tuesday&#8217;s closing bell. The stock closed down 4.72% at $99.30, with an intraday high of $103 and a low of $97.73. The 52-week high and low are $172.43 and $50.37 respectively. In the after-hours session, the shares rose over 1.7% to $101. The company&#8217;s <a href="https://in.benzinga.com/general/restaurants/25/02/43957737/cava-group-stock-drops-after-q4-earnings-miss-details">fourth-quarter earnings report</a>, which showed adjusted earnings of five cents per share, missed the six-cent analyst consensus estimate. However, quarterly revenue of $225.1 million exceeded the $223.63 million consensus estimate.
First Solar, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)
First Solar reported its fourth-quarter results after Tuesday&#8217;s closing bell. The stock closed down 3.56% at $147.46, with an intraday high of $152.67 and a low of $146.19. The 52-week high and low are $306.77 and $141.76 respectively. The stock spiked almost 2% to $150.40 in the after-hours trading. First Solar reported  <a href="https://in.benzinga.com/news/earnings/25/02/43959732/first-solar-reports-mixed-q4-results-eps-miss-revenues-beat-fy-net-bookings-of-44-gigawatts">mixed fourth-quarter results</a>, which included earnings of $3.65 per share, missing the analyst consensus estimate of $4.71. However, quarterly revenue of $1.51 billion surpassed the $1.46 billion consensus estimate.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla saw its market capitalization fall below the symbolic $1 trillion mark on Tuesday as shares plunged 8.39% to $302.80. The stock&#8217;s intraday high was $328.89 and the low was $297.25. The 52-week high and low are $488.54 and $138.80 respectively. The drop was <a href="https://www.benzinga.com/markets/equities/25/02/43962728/tesla-loses-1-trillion-valuation-as-shares-plunge-8-elon-musks-doge-role-brand-backlash-fuel-sell-off">precipitated by factors</a> including Elon Musk&#8217;s involvement with Dogecoin and brand backlash.
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43963343/cathie-woods-buys-the-dip-in-tempus-ai-coinbase-but-sells-arks-bitcoin-etf-shares-amid-crypto-meltdown">Cathie Wood&#8217;s Buys The Dip In Tempus AI, Coinbase But Sells Ark&#8217;s Bitcoin ETF Shares Amid Crypto Meltdown</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

CAVA

FSLR

LCID

SMCI

TSLA

Tesla, First Solar, Cava Group, Lucid Group, And Super Micro Computer: Why Are These 5 Stocks On Investors' Radars Today

Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares surged nearly 10% in after-hours trading Tuesday following the electric vehicle maker&#8217;s announcement of ambitious 2025 production targets and the unexpected departure of its founder and CEO.
What Happened: The luxury EV manufacturer projected production of 20,000 vehicles in 2025, significantly above analyst expectations of 14,700 and more than double the 9,029 vehicles produced in 2024. Simultaneously, the company revealed that Peter Rawlinson would step down as CEO, with COO Marc Winterhoff assuming the role on an interim basis.
Gary Black, Managing Partner at The Future Fund LLC, expressed skepticism about the timing and circumstances of Rawlinson&#8217;s exit.
&#8220;It&#8217;s highly unusual for a CEO to step down amicably before earnings and not be given an opportunity to provide a farewell on the earnings call,&#8221; Black wrote on X. &#8220;That $LCID will search for a permanent CEO in the interim is also unusual if Rawlinson is capable of remaining in the role as CEO.&#8221;
Black speculated that either medical reasons or personal issues may have prompted Rawlinson&#8217;s sudden departure. While Rawlinson will stay on as a technical advisor to the board chairman, he will no longer be involved in day-to-day operations, effective immediately.
<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">It's highly unusual for a CEO to step down amicably before earnings and not be given an opportunity to provide a farewell on the earnings call. Rawlinson is staying on as technical advisor to the chairman of the board but effective immediately is no longer involved in day to day…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1894528154477236360?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43962728/tesla-loses-1-trillion-valuation-as-shares-plunge-8-elon-musks-doge-role-brand-backlash-fuel-sell-off">Tesla Loses $1 Trillion Valuation As Shares Plunge 8%— Elon Musk&#8217;s DOGE Role, Brand Backlash Fuel Sell-Off</a>
Why It Matters: For the fourth quarter of 2024, Lucid <a href="https://www.benzinga.com/news/earnings/25/02/43957497/lucid-q4-earnings-revenue-beat-eps-beat-20k-production-guidance-for-2025-ceo-transition-and-more">reported revenue of $234.5 million</a>, beating estimates of $214.22 million, and a loss of 22 cents per share, better than the expected 27-cent loss. The company delivered 3,099 vehicles in the quarter.
&#8220;We saw significant momentum in 2024 with four consecutive quarters of record deliveries,&#8221; said Gagan Dhingra, Interim CFO, noting substantial progress in improving gross margins and managing operating expenses.
Lucid ended the quarter with approximately $6.13 billion in total liquidity, <a href="https://www.benzinga.com/news/earnings/25/02/43957497/lucid-q4-earnings-revenue-beat-eps-beat-20k-production-guidance-for-2025-ceo-transition-and-more">bolstered by support</a> from the Public Investment Fund.
Price Action: Lucid Group Inc. closed at $2.61 on Tuesday, down 6.12% for the day. In after-hours trading, the stock rose 9.59% to $2.86, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43955914/market-could-enter-a-real-correction-expert-warns">Market Could Enter A &#8216;Real Correction,&#8217; Expert Warns, Highlights 2 &#8216;Recession-Resistant&#8217; Companies</a></li>
</ul>
Image Via Shuttertstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Gary Black Questions Lucid CEO Peter Rawlinson's Exit As Stock Jumps Nearly 10% In After Hours Trading: 'Highly Unusual'

Renowned market commentator Peter Schiff said Tuesday that only a strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve announced by President Donald Trump could halt the ongoing market slump.
What happened: In an X post, Schiff wrote, "I think the only thing that can delay a Bitcoin meltdown is Trump." He suggested that only a strong show of support from Trump for a strategic reserve, funded by Bitcoin purchases, could address the slowdown.
Schiff said it would be similar to quantitative easing, where the Federal Reserve buys government bonds to boost economic activity. He, however, deemed the scenario unlikely.
<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">I think the only thing that can delay a Bitcoin meltdown is Trump. He has to indicate strong support for a Bitcoin Strategic Reserve, funded by large purchases of Bitcoin. Basically, the equivalent of QE, only with the government buying Bitcoin instead of bonds. It&#39;s not likely.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1894519137902137815?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43931332/peter-schiff-questions-michael-saylor-led-strategys-leverage-bitcoin-play-amid-share-price-decline-massive-dilution-has-destroyed-shareholder-value">Peter Schiff Questions Michael Saylor-Led Strategy&#8217;s Leverage Bitcoin Play Amid MSTR Decline: &#8216;Massive Dilution Has Destroyed Shareholder Value&#8217;</a>
Schiff also mocked the Bitcoin holders, saying. "Turn out the lights, the Bitcoin $100,000 party is over."
He added that despite "Bitcoin entering a bear market," there was no panic or capitulation, indicating that the downturn is just getting started.
<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">Turn out the lights, the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> 100K party is over. As is typically the case, I&#39;m sure most of you stayed too long. Also, despite Bitcoin entering a bear market today, there was no panic or capitulation. That means the Bitcoin bear market is not over, but just getting started.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1894488355229872598?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Schiff's comments come after <a href="https://www.benzinga.com/25/02/43963235/bitcoin-cracks-ethereum-dogecoin-recoup-as-extreme-fear-grips-crypto-market-heres-what-this-top-analyst-says-about-buying-the-dip">Bitcoin plunged to a three-month low of $86,000</a>, pushing the whole cryptocurrency market down.&nbsp;
Schiff has <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42245202/peter-schiff-bitcoin-reserve-is-the-worst-monetary-mistake-us-could-make">criticized the concept of a strategic Bitcoin reserve</a>, deeming it the "worst monetary mistake" the U.S. could make.
Trump signed an executive order after assuming office, which included a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43177482/trump-signs-executive-order-on-crypto-bitcoin-reserve-to-be-evaluated">directive to evaluate</a> the creation of a "strategic national digital asset stockpile" and not just a Bitcoin stockpile.&nbsp;
Schiff said it was just an <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43200132/peter-schiff-trumps-crypto-order-is-an-easy-way-to-pay-off-donors">attempt to "pay off donors"</a> rather than a genuine effort to advance the cryptocurrency industry.
Price Action: At the time of writing, Bitcoin was exchanging hands at $88,714.28, down 3.63% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/02/43931639/riot-platforms-ceo-reaffirms-plan-to-boost-bitcoin-yield-but-not-looking-too-closely-at-strategys-maneuvers">Riot Platforms CEO Reaffirms Plan To Boost Bitcoin Yield But &#8216;Not Looking Too Closely&#8217; At Michael Saylor-Led Strategy&#8217;s Maneuvers</a></li>
</ul>

Trump Can Delay A Bitcoin Meltdown By Announcing Strategic Reserve, Says Peter Schiff: 'Turn Out The Lights, The BTC $100,000 Party Is Over'

On Tuesday, Cathie Wood-led Ark Invest made some significant trades, most notably buying into Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), while selling shares of  ARK 21Shares Bitcoin ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#NASDAQ">ARKB</a>).
The Tempus AI Trade
Ark Invest purchased a significant number of shares of Tempus AI, despite the company&#8217;s <a href="https://www.benzinga.com/25/02/43941871/tempus-ai-stock-is-tumbling-tuesday-whats-happening">stock tumbling</a> after reporting mixed fourth-quarter financial results. The firm&#8217;s ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) bought 78,570 shares, while the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) acquired a whopping 367,388 shares. The total value of these trades, calculated from the latest closing price of $59.10, is nearly $26.35 million.
According to a Benzinga report, Tempus AI&#8217;s revenue was up 35.8% year-over-year, with data and services revenue growing 44.6% to $80.2 million. Genomics revenue grew 30.6% year-over-year to $120.4 million, and unit growth came in at 22.5%.
The Coinbase Trade
Ark Invest also bought into Coinbase, with its ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) purchasing 41,032 shares. This move comes after the <a href="https://in.benzinga.com/trading-ideas/movers/25/02/43887659/coinbase-shares-rise-as-sec-moves-to-drop-lawsuit-whats-going-on">Securities and Exchange Commission (SEC) announced plans to drop its lawsuit</a> against the crypto exchange, a case that had been ongoing for nearly two years.
On Tuesday, Coinbase shares ended the day at $212.49, the Ark trade was valued at $8.7 million.
The ARK Bitcoin ETF Trade
Interestingly, while Ark Invest bought into Coinbase, it sold off its stake in the ARK 21Shares Bitcoin ETF. The ARKW fund sold 98,060 shares of ARKB. This move coincides with a <a href="https://in.benzinga.com/top-stories/25/02/43940583/bitcoin-ethereum-xrp-shed-billions-in-9-correction-3-factors-driving-the-downturn">9% correction</a> in the total crypto market capitalization, as reported by <a href="https://in.benzinga.com/top-stories/25/02/43940583/bitcoin-ethereum-xrp-shed-billions-in-9-correction-3-factors-driving-the-downturn">Benzinga</a>. Amid the decline, the apex cryptocurrency, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) retreated to three-month lows.
ARKB shares ended the day at $87.86. The Ark transaction was valued at $8.6 million based on the closing price.
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARK Fintech Innovation ETF (ARKF) and ARKK sold 70,367 and 49,782 shares of Draftkings Inc. (DKNG) respectively. ARKF purchased 20,174 shares of Kaspi.kz AO (KSPI).</li>
<li>The firm&#8217;s ARKG fund sold 850,919 shares of Accolade Inc. (ACCD) and bought 103,430 shares of Recursion Pharmaceuticals Inc. (RXRX) and 97,505 shares of Absci Corp (ABSI).</li>
<li>ARKK sold 107,159 shares of Roku Inc. (ROKU) and 430,483 shares of SoFi Technologies Inc. (SOFI) while buying 39,418 shares of Iridium Communications Inc. (IRDM).</li>
</ul>
Image Via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43955914/market-could-enter-a-real-correction-expert-warns">Market Could Enter A &#8216;Real Correction,&#8217; Expert Warns, Highlights 2 &#8216;Recession-Resistant&#8217; Companies</a></li>
</ul>
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>

ETFs

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

ARKG

ARKK

ARKW

COIN

Cathie Wood's Buys The Dip In Tempus AI, Coinbase But Sells Ark's Bitcoin ETF Shares Amid Crypto Meltdown

Leading cryptocurrencies pared some of their losses Tuesday from the morning crash even as the market slipped into "Extreme Fear" mode.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-3.84%</td>
<td>$88,102.58</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>-0.65%</td>
<td>$2,472.27</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>-0.14%</td>
<td>$0.2093</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin tanked to an intraday low of $86,008.23, its lowest since Nov. 12, before recovering to the early $88,000s as traders bought the dip. The leading cryptocurrency was down 13.43% in February, headed toward its worst February since 2014.&nbsp;
Ethereum also recovered from its dramatic drop to $2,339 earlier this morning, climbing beyond $2,500 by the evening. Month-to-date, the second-largest cryptocurrency has lost over 24%.
Nearly $1.07 billion was liquidated from the cryptocurrency market in the last 24 hours, with bullish bets accounting for over $873 million.
Bitcoin's Open Interest dropped by 5.06% in the last 24 hours, with short positions rising vis-à-vis long positions.
The market went into the "Extreme Fear" zone,&nbsp; according to the Crypto Fear and Greed Index, a sign that investors were too worried.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Story (IP)</td>
<td>+21.69%</td>
<td>$5.70</td>
</tr>
<tr>
<td>Quant (QNT)</td>
<td>+15.42%</td>
<td>$99.86</td>
</tr>
<tr>
<td>Maker (MKR)</td>
<td>+12.81%</td>
<td>$1,621.34</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.91 trillion, contracting 2.49% in the last 24 hours.
Blue-chip stocks cracked for the second straight day of the week. The S&amp;P 500 slid 0.47% to close at 5,955.25 The tech-heavy Nasdaq Composite fell 1.35%, ending at 19,026.39 The Dow Jones Industrial Average was the silver lining, gaining 0.37% to close at 43,621.16.
The tech decline was led by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) which tanked 8.39% during the session. Bitcoin-related stocks like Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) bled over 11%.
The market was jittery as President Donald Trump reaffirmed earlier this week that tariffs on imports from Canada and Mexico <a href="https://www.benzinga.com/news/global/25/02/43926015/trump-confirms-tariffs-on-canada-mexico-will-take-effect-as-planned">would take effect as planned</a>, sparking fears of a full-blown trade war.
Investors will shift their focus <a href="https://in.benzinga.com/25/02/43948627/nvidia-stock-quite-cheap-ahead-of-q4-earnings-analyst-says-growth-story-is-intact">to the earnings report</a> of artificial intelligence darling Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which is slated for Wednesday after the market closes.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Arthur Azizov, CEO of cryptocurrency payment company B2BINPAY, told Benzinga that Bitcoin was currently in a strong reversal zone.
"If we close below $89,233 and start trading beneath this level, the outlook becomes less favorable, as there is a possibility of further decline. On the other hand, if Bitcoin is bought back throughout the day, merely sweeping liquidity and leaving another wick, we could see further upward movement," Azizov projected.
Popular cryptocurrency analyst and trader Ali Martinez highlighted that Bitcoin broke out of its rangebound price action that has persisted since November. The downside breakout could trigger a price correction to $80,000.&nbsp;
"So, it may not be wise to buy the dip yet," Martinez cautioned investors.
<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">Is it time to buy the dip? <a href="https://t.co/ptOkDiNHAf">pic.twitter.com/ptOkDiNHAf</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1894410778775617903?ref_src=twsrc%5Etfw">February 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Igor Faun on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43955914/market-could-enter-a-real-correction-expert-warns">Market Could Enter A &#8216;Real Correction,&#8217; Expert Warns, Highlights 2 &#8216;Recession-Resistant&#8217; Companies</a></li>
</ul>

MSTR

NVDA

Bitcoin, Ethereum, Dogecoin Pare Losses Even As 'Extreme Fear' Prevails: Top Analyst Has This To Say About Buying The Dip

A recent caller on &#8220;The Ramsey Show&#8221; <a href="https://www.youtube.com/watch?v=GIFwT4DEftg">shared</a> a shocking story about his daughter's finances. Jeff explained how his son-in-law secretly lost $60,000 by making risky stock trades. His daughter only found out when she saw her <a href="https://www.benzinga.com/personal-finance/25/01/43085752/its-a-bankers-scam-dave-ramsey-blasts-the-fico-score-system-i-cant-rent-an-apartment-but-i-can-write-a-check-for-the-whole-complex">credit score drop</a> because her husband had maxed out her credit card without telling her.
<h2 class="wp-block-heading">A Costly Secret Comes to Light</h2>
Jeff explained that his daughter follows Dave Ramsey's financial principles and has been disciplined with her money. She has an emergency fund, an IRA, and a strict budget. However, she and her husband had never fully combined their finances. That decision may have cost her more than she realized.
Don't Miss:
<ul>
<li><a href="https://www.benzinga.com/money/millionaires-never-earned-six-figures-according-to-dave-ramsey">69% of Millionaires Never Earned A Six-Figure Salary – Here Are 2 Things They Do To Get Their First $1 Million, According To Dave Ramsey</a></li>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
</ul>
Her husband had been day trading, a high-risk strategy where investors buy and sell stocks within the same day, hoping to make quick profits. But instead of making money, he lost everything—draining his savings and piling up <a href="https://www.benzinga.com/markets/25/02/43578986/rfk-jr-reveals-shocking-1-2-million-credit-card-debt-glimpse-into-americans-worsening-debt-crisis">credit card debt</a> in the process. Worse, he used her credit card without telling her, only confessing after she discovered the damage through a credit score drop.
After confronting him, the husband admitted everything and later called Jeff to explain. Jeff, struggling with how much to intervene, wanted to support his daughter without overstepping. He acknowledged that his daughter is strong and independent, but the financial and emotional betrayal made this situation especially tough.
See Also: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
The Ramsey Show hosts, Rachel Cruze and Jade Warshaw, sympathized with Jeff but advised him not to get too involved. While it's natural to want to protect his daughter, they stressed that this is something the couple needs to work through themselves. They strongly recommended professional counseling, as this wasn't just about money—it was about trust.
<a href="https://www.benzinga.com/money/day-trading-rules">Day trading</a> often feels like gambling, and the emotional and financial risks can be devastating. The caller's story is a cautionary tale about the importance of <a href="https://www.benzinga.com/personal-finance/25/02/43768530/should-married-couples-split-expenses-dave-ramsey-says-no-youre-married-not-roommates">financial transparency in a marriage</a>. Keeping finances separate might seem like a good idea, but it can sometimes allow financial secrets to spiral out of control.
Jeff's daughter now has a difficult road ahead, rebuilding trust and digging out of debt. As for Jeff, he plans to be there emotionally for his daughter while letting her and her husband figure out their financial future. It's a painful lesson, but one that highlights the dangers of both financial secrecy and high-risk investing.
Read Next:
<ul>
<li>The average 401(k) balance soars to a record-breaking high – <a href="https://www.benzinga.com/money/average-401k-balances-soars-to-record-high">Here's how to know if your nest egg is keeping pace.</a></li>
<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>
</ul>

Personal Finance

'She Didn't Know Until Her Credit Score Tanked'—Dave Ramsey Caller Says Son-In-Law Lost Everything Day Trading And Maxed His Wife's Card

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly in talks to build a massive AI data center campus that could exceed $200 billion in costs.
What Happened: This development was <a href="https://www.theinformation.com/articles/meta-discusses-200-billion-ai-data-center-project">reported</a> on Tuesday by The Information, citing people familiar with the matter.&nbsp;
The $200 billion data center project signals Meta's aggressive push into AI at a time when investors are scrutinizing AI infrastructure spending, particularly after China's DeepSeek introduced a low-cost AI model that rivals OpenAI.
On Friday, TD Cowen analysts stated Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) had <a href="https://www.benzinga.com/markets/25/02/43908921/microsoft-pulls-plug-on-ai-data-center-leases-says-analyst-oversupply-situation-likely">canceled leases</a> with at least two private data center operators, triggering market jitters.
See Also:&nbsp;<a href="http://benzinga.com/tech/25/02/43838071/microsoft-ceo-satya-nadella-warns-of-dot-com-like-ai-bubble-pushes-for-measuring-ai-impact-with-gdp-growth-self-claiming-agi-milestone-is-just-nonsensical-benchmark-hacking" target="_blank" rel="noreferrer noopener">Microsoft CEO Satya Nadella Warns Of Dot-com-Like AI Bubble, Pushes For Measuring AI Impact With GDP Growth: ‘Self-Claiming AGI Milestone Is Just Nonsensical Benchmark Hacking'</a>
Microsoft later said that its $80 billion AI investment remains on track, though <a href="https://www.benzinga.com/markets/25/02/43932234/top-analyst-dismisses-microsoft-ai-spending-fears-as-more-smoke-than-fire-after-report-of-data-center-lease-cancellationstech-giant-reaffirms-80-billion-investment-plan">adjustments may occur</a>.
Why It's Important: Previously, it was reported that in 2025, big tech's AI infrastructure investments are expected to reach a record $320 billion, with Amazon leading at $100 billion, followed by Microsoft and Alphabet at $80 billion each, and Meta committing over $60 billion.
Price Action: In after-hours trading, Meta stock was up 0.53% reaching $661. On Tuesday, Meta&#8217;s stock closed at $657.50, dropping 1.59% for the day. Year-to-date, it is up 9.72%, and over the past 12 months, it has gained 36.48%, according to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43153571/openais-sam-altman-flip-flops-on-trump-as-500-billion-stargate-ai-project-is-announced-years-after-praising-reid-hoffman-for-stopping-his-re-election" target="_blank" rel="noreferrer noopener">OpenAI's Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says ‘I Wish I Had Done More Of My Own Thinking'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

Meta Gears Up For AI Dominance With $200 Billion Data Center Project: Report

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) saw its market capitalization fall below the symbolic $1 trillion mark on Tuesday as shares plunged 8.39% to $302.80, bringing the company&#8217;s valuation to $948.81 billion.
What Happened: The electric vehicle maker first reached the trillion-dollar milestone om Nov. 8, days after President Donald Trump&#8216;s election victory. Since then, Tesla has lost significant ground, with shares down 36.0% from their Dec. 17 high of $473.86 and falling 28.59% since Trump&#8217;s Jan. 20 inauguration.
Some investors point to CEO Elon Musk&#8216;s Washington commitments as a key factor in the decline. Musk has been spending considerable time in the capital leading Trump&#8217;s Department of Government Efficiency (DOGE), where his aggressive cost-cutting measures have resulted in federal worker layoffs and nationwide protests.
Musk&#8217;s net worth has dropped over $74 billion this year but remains the world&#8217;s highest at $358 billion, down from a $486 billion peak in December, according to the&nbsp;Bloomberg Billionaires Index. The last reported change is pegged as a decline of $22.2 billion by Bloomberg. The figures are updated at the close of each trading day.
These protests have directly impacted Tesla&#8217;s brand, with demonstrations occurring at showrooms across major U.S. cities including New York and Seattle. Some incidents have escalated to vandalism of Tesla vehicles and charging infrastructure, with one Supercharger station <a href="https://www.benzinga.com/markets/equities/25/02/43905675/tesla-will-press-charges-against-vandalism-at-superchargers-as-brand-backlash-grows-over-elon-musks-political-ties">recently defaced.</a>
European Tesla <a href="https://www.benzinga.com/25/02/43534797/tesla-sales-drop-60-in-germany-are-elon-musks-politics-getting-in-the-way-of-ev-growth">sales plunged 50.4% year-over-year in January</a>, with sharp declines in Germany, down 59.5%, France, down 63.4%, Spain, down 75.4% and United Kingdom, down 18.2%. 
See Also: <a href="https://www.benzinga.com/general/entertainment/25/02/43958798/amc-q4-earnings-revenue-beat-eps-in-line-attendance-up-20-shares-climb">AMC Q4 Earnings: Revenue Beat, EPS In Line, Attendance Up 20%, Shares Climb</a>
Why It Matters: Customer sentiment has also soured. Montreal resident Alain Roy, a former Tesla enthusiast who owned both a Model Y and Model S, said he was selling his vehicles and <a href="https://www.benzinga.com/news/25/02/43914165/i-like-the-cars-its-musk-i-dont-like-former-elon-fan-dumps-both-teslas-and-cancels-cybertruck-order-to-boycott-elon-musk">canceling his Cybertruck order</a> specifically because of Musk&#8217;s political activities. Singer Sheryl Crow similarly parted with her Tesla, stating on Instagram there comes a time &#8220;when you have to decide who you are willing to align with.&#8221;
Product concerns are compounding these issues. Reuters reported Monday that Tesla&#8217;s upgraded &#8220;navigate on city streets&#8221; feature in China has disappointed users, falling short of Musk&#8217;s self-driving promises. Chinese competitors like BYD and Xiaomi offer similar technologies at lower costs or as standard features.
Despite these challenges, Wedbush Securities analyst Dan Ives maintains a <a href="https://www.benzinga.com/markets/equities/25/02/43761581/ross-gerber-says-hes-eventually-selling-his-cybertruck-because-the-hate-is-real-as-protests-rock-tesla-showrooms">bullish $550 price target on Tesla</a>, arguing that brand concerns are &#8220;bark way worse than the bite.&#8221; Tesla reported its first annual sales decline in 2024, suggesting the company&#8217;s post-election market surge has largely evaporated.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43955914/market-could-enter-a-real-correction-expert-warns">Market Could Enter A &#8216;Real Correction,&#8217; Expert Warns, Highlights 2 &#8216;Recession-Resistant&#8217; Companies</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Loses $1 Trillion Valuation As Shares Plunge 8%— Elon Musk's DOGE Role, Brand Backlash Fuel Sell-Off

Inflation is creeping up again, and President Donald Trump wants everyone to know it&#8217;s not his fault. In a recent <a href="https://www.youtube.com/watch?v=aao0bl7RlKo">interview</a> with Sean Hannity of Fox News, Trump blamed President Joe Biden directly, claiming that the previous administration&#8217;s careless spending was the cause of today&#8217;s price increases.
<h2 class="wp-block-heading">Inflation and Government Spending</h2>
&#8220;<a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43692996/inflation-fears-mount-as-producer-prices-soar-to-35-put-fed-interest-rate-cut-on-ice">Inflation is back</a>. I&#8217;m only here for two and a half weeks.&#8221; Trump declared while sitting alongside Elon Musk. &#8220;And they said, ‘Oh, Trump,' and I had nothing to do with it. These people have run the country. They spent money like nobody&#8217;s ever spent. They were given $9 trillion to throw out the window.&#8221;
Don't Miss:
<ul>
<li>The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
</ul>
<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">Trump: &quot;Inflation is back&quot; <a href="https://t.co/r9CStL0xrP">pic.twitter.com/r9CStL0xrP</a>
&mdash; Aaron Rupar (@atrupar) <a href="https://twitter.com/atrupar/status/1892043509818925401?ref_src=twsrc%5Etfw">February 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to the most recent consumer price index <a href="https://www.bls.gov/news.release/pdf/cpi.pdf">report</a> from the Labor Department, inflation increased by 0.5% in January after rising by 0.4% in December. The largest drivers to the 3% price increase over the last 12 months have been housing, electricity, and food.
Additionally, Trump referred to Biden&#8217;s spending plans as the &#8220;Green New Scam&#8221; and claimed that they did little to benefit the American people. &#8220;They spent it on things that don&#8217;t work,&#8221; he remarked, referencing foreign aid, climate initiatives, and DEI programs.
The cost of living remains a major concern for many Americans, with housing prices continuing to climb and energy costs rising 1.1% in January alone. Food prices also saw an increase of 0.4%, with groceries going up 0.5% and restaurant meals rising 0.2%.
Trump promised the public that his policies would not affect important social programs like Social Security and Medicare, despite the economic difficulties. &#8220;Social Security won&#8217;t be touched other than if it&#8217;s fraud or something. It won&#8217;t be touched,&#8221; he promised. &#8220;Medicare, Medicaid, none of that stuff is going to be touched.&#8221;
Trending: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Musk said in the interview that supported the idea that government overspending had spiraled out of control. &#8220;The massive waste, fraud, and abuse that&#8217;s been going on is leading to a $2 trillion-a-year deficit. It&#8217;s insane,&#8221; he said.
Musk also said that &#8220;The overall goal is to try to get $1 trillion out of the deficit. If it&#8217;s not under control, <a href="https://www.benzinga.com/startups/24/10/41234093/elon-musk-warns-america-is-spiraling-towards-bankruptcy-trump-taps-him-as-cost-cutter-with-a-salary">America will go bankrupt</a>.&#8221; According to him, a nation is no more unique than a person. Both individuals and nations are capable of going bankrupt.
Since prices are still going up, Trump says he will focus on fixing the economy. It's unclear if his plans, like implementing tariffs, will actually help everyday Americans.
Read Next:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>

President Trump Says, 'Inflation Is Back,' Claims It's Not His Fault But Biden's—'I Had Nothing To Do With It'

KPTI

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

APTO

Over 20 civil service employees have resigned from&nbsp;the Elon Musk-associated Department of Government Efficiency, after refusing to be a part of the dismantling of what they called essential public infrastructure, according to a report on Tuesday. 
What Happened: The group, made up&nbsp;of engineers, data scientists, designers, and product managers but not hired directly by Musk, cited their unwillingness&nbsp;to use their technical expertise&nbsp;to &#8220;dismantle critical public services,&#8221; <a href="https://apnews.com/article/doge-elon-musk-federal-government-resignations-usds-6b7e9b7022e6d89d69305e9510f2a43c">reported</a> the Associated Press.
They stated that they could no longer meet their obligations to serve the American people and uphold the Constitution under the current administration.
The group cautioned that many individuals Musk recruited to shrink the federal government during President Donald Trump&#8217;s administration were political ideologues without the required skills or experience for the job.
This wave of resignations is a setback for Musk and the Republican president's tech-driven effort to overhaul the federal workforce. It comes amid ongoing court challenges aimed at delaying, blocking, or reversing their attempts to dismiss or pressure thousands of government employees out of their jobs.
White House Press Secretary Karoline Leavitt dismissed the move saying, &#8220;Anyone who thinks protests, lawsuits, and lawfare will deter President Trump must have been sleeping under a rock for the past several years.&#8221; She went on to say that Trump would not be deterred and would continue making the government &#8220;more accountable.&#8221;
See Also: <a href="https://www.benzinga.com/news/25/02/43961307/bill-ackman-raises-howard-hughes-offer-to-90-a-share-heres-how-he-plans-to-build-a-1-trillion-empire">Bill Ackman Raises Howard Hughes Offer to $90 a Share—Here&#8217;s How He Plans to Build a $1 Trillion Empire</a>
Why It Matters: The resigning staffers were previously part of the United States Digital Service, but&nbsp;their duties were being integrated&nbsp;into DOGE. The efficiency department&#8217;s work has cast a long shadow on various segments of the economy. 
The U.S. defense sector is <a href="https://www.benzinga.com/markets/25/01/42754852/with-the-doge-sword-hanging-over-defense-budget-heres-how-boeing-lmt-and-others-performed-during-trumps-first-term">now facing fresh uncertainty</a> as the Trump administration sets the foundation for a cost-cutting initiative under DOGE. It was reported earlier that several defense players such as Lockheed Martin Corp., Boeing Co., and L3Harris Technologies Inc. had come under pressure due to the government&#8217;s efficiency moves.
The shares of Palantir Technologies Inc., the surveillance and defense software company, <a href="https://www.benzinga.com/markets/equities/25/02/43844281/palantir-stock-falls-nearly-4-in-thursday-pre-market-whats-going-on">witnessed a decline</a> since Wednesday's trading session. In the last 5 days alone, the stock has tanked nearly 30% after reaching heady all-time high levels. Compounding the troubles for Palantir shares is the news of CEO Alex Karp‘s new stock trading plan, 10b5-1, enabling him to sell up to 9.98 million shares by Sep. 12, worth almost $1.23 billion.
Image via Shutterstock
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <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>
</ul>
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>

Comments

Goldman Sachs ETF Trust Goldman Sachs Dynamic New York Municipal Income ETF

News

Latest news for Goldman Sachs ETF Trust Goldman Sachs Dynamic New York Municipal Income ETF (ARCA:GMNY)

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga