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Red Mountain Mining Ltd is a mineral exploration company. The company operates only in one reportable segment being Mineral Exploration. The company project in the USA includes Lithic and Mustang Projects, in Australia includes Monjebup REEs Project, Koonenberry Gold, and Canada includes Fry lake Project. Its operating segments are Australia, United States of America (USA) and Canada.

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Chariot Corp. aims to acquire extensive land in the US for lithium development. Its 3,634 claims in 3 states give it a competitive advantage.

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The&nbsp;Trump administration&nbsp;has decided to delay the suspension of the&nbsp;de minimis provision, which allows&nbsp;duty-free entry for packages valued under $800.
What Happened: The delay will remain in place until the Commerce Department can establish systems to efficiently process and collect tariff revenues,&nbsp;according to a new executive&nbsp;action announced on Friday.
This decision affects both Chinese e-commerce platforms like Shein, Temu, and Aliexpress, and U.S. retailers such as&nbsp;Amazon.com Inc.,&nbsp;eBay Inc., and&nbsp;Etsy Inc., which ship goods from China.
The de minimis provision was part of a broader announcement by&nbsp;Donald Trump&nbsp;regarding 10% tariffs on Chinese goods, a move that could significantly impact global trade dynamics.
Chinese e-commerce giants have leveraged this exemption to build their business models, allowing over a billion packages to enter the U.S. at low costs.
The executive order did not&nbsp;specify the duration of the delay, and Packard suggested it might be a strategic trade negotiation tactic.
See Also: <a href="https://www.benzinga.com/25/02/43577591/legendary-short-seller-jim-chanos-warns-of-market-speculation-reaching-historic-extremes-wall-street-has-a-printi">Legendary Short Seller Jim Chanos Warns Of Market Speculation Reaching Historic Extremes: ‘Wall Street Has A Printing Press Too'</a>
Why It Matters: The delay of the de minimis suspension comes amid escalating trade tensions between the U.S. and China.
On Feb. 2,&nbsp;<a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">Trump imposed tariffs</a>&nbsp;on imports from China, Canada, and Mexico, including a 10% duty on Chinese goods.
This move was met with a <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43454424/china-strikes-back-new-tariffs-up-to-15-on-certain-us-imports-in-retaliation-for-trumps-10-levy-on-chinese-goods">retaliatory response</a> from China, which announced new tariffs on certain U.S. imports, effective Feb. 10.
Further intensifying the situation, Trump <a href="https://www.benzinga.com/25/02/43577207/trump-says-he-will-announce-reciprocal-tariffs-next-week-that-will-impact-everyone-escalating-trade-war-with-global-partners-the-only-fair-way-to-do-it">announced</a> plans to introduce reciprocal tariffs affecting all trading partners, signaling a potential escalation in the trade war.
The delay in suspending the de minimis rule could be a strategic move amid these ongoing trade negotiations.
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Disclaimer: This content was partially produced with the help of<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener"> Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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Politics

Trump Administration Delays Suspension Of Duty-Free Imports From China Under De Minimis Rule

Renowned short-seller&nbsp;Jim Chanos&nbsp;has raised alarms over current market trends, drawing parallels to the speculative extremes seen during the pandemic. His comments come amid a backdrop of rising concerns about market volatility and speculation.
What Happened: Chanos shared his insights <a href="https://www.bloomberg.com/news/videos/2025-02-05/full-digital-jim-chanos-president-founder-chanos-company">with</a> Bloomberg, emphasizing the resurgence of speculative behavior.
He pointed to the proliferation of new meme coins, such as the recent launch of the Trump coin by President Donald Trump, as a clear indicator of speculative fervor.
"The speculation is there for me, not quite as where it was in 2021, which is the most speculative market I&#8217;ve seen. But it&#8217;s getting back there," Chanos said.
He warned that Wall Street might soon witness a surge in issuance similar to the pandemic era, emphasizing that "Wall Street has a printing&nbsp;press too, just like the&nbsp;Fed."
He also highlighted potential risks in the market, including the &#8220;political theater&#8221; in the U.S. and aspects of Trump&#8217;s economic agenda, such as tariffs and government job cuts.
See Also: <a href="https://www.benzinga.com/25/02/43577575/bitcoin-could-surge-to-200000-by-year-end-says-marathon-digital-ceo-scarcity-us-plans-for-strategic-btc-reserve-c">Bitcoin Could Surge To $200,000 By Year-End, Says Marathon Digital CEO: Scarcity, US Plans For Strategic BTC Reserve Could Aid Growth</a>
Additionally, Chanos pointed to the risk posed by disruptive technology, citing&nbsp;DeepSeek, a Chinese startup that caused a $1 trillion stock rout in January with its AI model.
Chanos, known for his successful bets against companies like Enron, has consistently warned investors about high&nbsp;valuations and speculative market behavior.
He previously predicted a return to pandemic-era market frenzy, cautioning against FOMO-driven trading.
Why It Matters: The concerns raised by Chanos come amid a broader context of market unease.&nbsp;<a href="https://www.benzinga.com/news/25/01/43372687/robert-kiyosaki-rich-dad-poor-dad-warns-the-biggest-stock-market-crash-ever-is-coming-february-good-news-is-everything-goes-on-sale">Robert Kiyosaki</a>, author of "Rich Dad Poor Dad," recently warned of an impending stock market crash in February, dubbing it &#8220;the biggest stock market crash in history."
Kiyosaki has advised investors to prepare for opportunities that arise during market downturns.
Additionally, the U.S. federal debt, which has surged to nearly $36 trillion, is causing concern. <a href="https://www.benzinga.com/personal-finance/24/11/42236424/1-in-5-dollars-the-government-expends-goes-to-repaying-investors-heres-why-this-spells-trouble-for-trump-and-doge">One in every five dollars</a> the government spends is used to repay investors, posing challenges for Trump&#8217;s economic ambitions.
The growing debt reflects joint fiscal actions by Congress and the president, impacting government functionality.
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</ul>
Disclaimer: This content was partially produced with the help of<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener"> Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Analyst Color

Legendary Short Seller Jim Chanos Warns Of Market Speculation Reaching Historic Extremes: 'Wall Street Has A Printing Press Too'

Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price could see a significant increase by the end of the year, according to&nbsp;Fred Thiel, CEO of&nbsp;Marathon Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>). Thiel predicts that the cryptocurrency could more than double its current value this year.
What Happened: In an interview with CNBC, Thiel shared his optimistic outlook for Bitcoin.
"I think there's a general consensus that the price of Bitcoin will move up this year to somewhere between $150,000 to $200,000 by the end of this year," Thiel said.
He noted that substantial Bitcoin sales often attract buying interest, maintaining its price within the $95,000 to $100,000 range.
"I think there is still a big belief that Bitcoin will continue to go up in price. There's still a lot of demand for the asset by not just retail but also institutional investors," he added.
Thiel attributes this potential surge to a more favorable regulatory environment and increased adoption&nbsp;by both private and public&nbsp;sectors, and Bitcoin's scarcity could also play a role in helping the cryptocurrency's growth.
See Also: <a href="https://www.benzinga.com/25/02/43577494/this-top-50-altcoin-is-set-for-a-massive-surge-after-significant-correction-predicts-trader">This Top-50 Altcoin Is Set For A Massive Surge After Significant Correction, Predicts Trader</a>
He mentioned that U.S. banks might soon be able to hold and lend against crypto, leading corporations to allocate a small percentage of their assets in Bitcoin.
Thiel also suggested the possibility of a U.S. Bitcoin Strategic Reserve, which could further boost demand.
Why It Matters: The prediction by Marathon Digital&#8217;s CEO comes amidst a backdrop of various market analyses and predictions regarding Bitcoin&#8217;s future.
According to a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43570466/bitcoin-to-hit-all-time-highs-in-february-under-one-condition-standard-chartered-says">report by Standard Chartered</a>, Bitcoin has the potential to reach a new all-time high above $108,000 in February, contingent on the absence of negative market catalysts.
The behavior of U.S. Treasury yields, particularly the 10-year yield, plays a crucial role in this outlook.
Furthermore,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43526328/bitcoin-could-see-a-20b-market-cap-boost-from-1-billion-btc-reserve-purchase-says-analyst-could-have-bigger-surges-this-year-if-central-banks-really-get-involved">Katalin Tischhauser</a>&nbsp;from Sygnum Bank highlighted that a strategic Bitcoin reserve purchase of $1 billion could potentially trigger a $20 billion surge in Bitcoin&#8217;s market cap.
This increase would result from direct capital inflows and a significant upward price surge, driven by the limited liquid supply of Bitcoin.
Moreover,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43505966/bitcoin-struggling-but-perfect-storm-will-take-it-to-500000-ethereum-to-20000-trader-predicts">crypto analyst Michaёl van de Poppe</a>&nbsp;has urged investors to hold onto their crypto assets, emphasizing that Bitcoin is fairly valued while altcoins remain undervalued.
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<iframe loading="lazy" title="Crypto-friendly regulation in U.S. to drive up bitcoin prices in 2025, says Mara CEO" width="500" height="281" src="https://www.youtube.com/embed/hcEG9QHYhkM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Price Action: At the time of writing, Bitcoin was trading at $96,200, down 0.8% over the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next:
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Disclaimer: This content was partially produced with the help of<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener"> Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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

Cryptocurrency

$BTC

MARA

Bitcoin Could Surge To $200,000 By Year-End, Says Marathon Digital CEO: Scarcity, US Plans For Strategic BTC Reserve Could Aid Growth

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly set to initiate its anticipated company-wide layoffs next week. This move comes as the company is also expediting the hiring of machine learning engineers.
What Happened: Meta has notified employees about upcoming layoffs on Friday, according to an internal memo reviewed by Reuters.
According to the company, affected employees in most countries, including the U.S., will begin receiving notifications at 5 a.m. local time on Monday. However, due to local labor laws, staff in Germany, France, Italy, and the Netherlands will not be impacted. 
Meanwhile, employees across more than a dozen countries in Europe, Asia, and Africa will be informed between Feb. 11 and Feb. 18, the report added.
Meta did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
See Also:&nbsp;<a href="https://www.benzinga.com/25/02/43569802/wall-street-drops-on-tariffs-threat-dollar-rises-uber-rockets-on-ackmans-tweet-whats-driving-markets-friday" target="_blank" rel="noreferrer noopener">Wall Street Drops On Tariffs Threat, Dollar Rises, Uber Rockets On Ackman's Tweet: What's Driving Markets Friday?</a>
In January, Meta confirmed plans to cut approximately 5% of its &#8220;lowest performers&#8221; while backfilling at least some of the positions. Meta's Head of People, Janelle Gale, described the layoffs as &#8220;performance terminations.&#8221; She also clarified that the cuts would not result in office closures or any further updates on the decisions.
Meta is also speeding up its hiring process for machine learning engineers and other &#8220;business-critical&#8221; engineering roles. According to a separate memo from Peng Fan, VP of Engineering for Monetization, this hiring push will take place between Feb. 11 and March 13.
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: The upcoming layoffs and the accelerated hiring of machine learning engineers come amid a series of strategic moves by Meta.
CEO Mark Zuckerberg recently <a href="https://www.benzinga.com/tech/25/02/43551024/mark-zuckerberg-visits-white-house-for-advancing-american-tech-leadership-abroad-as-meta-ceo-continues-to-strengthen-ties-with-trump">visited the White House </a>to discuss collaboration with the Trump administration in advancing American tech leadership abroad. This was seen as a move to bolster Meta&#8217;s standing in the global tech landscape.
However, Meta&#8217;s AI position has been a subject of concern. The company&#8217;s AI models were deemed to be &#8220;clearly behind&#8221; those of <a href="https://www.benzinga.com/general/market-summary/25/02/43491799/meta-ai-models-clearly-behind-deepseek-says-analysts-after-mark-zuckerberg-admitted-deepseek-did-some-novel-things-were-still-digesting">Chinese AI startup DeepSeek</a>.
"In terms of the tricks and methodology applied by DeepSeek, the leading labs such as OpenAI and Anthropic are fully aware of such methodologies and also employ these but such is not the case of Meta which is clearly behind," the note from Piper Sandler's analyst read.
Despite these challenges, Meta&#8217;s stock has been performing well, with a 52% surge over the past year, a 19% increase year-to-date, and a 15% rise in the last month. However, Zuckerberg has been <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43527542/meta-stock-soars-but-zuckerbergs-cashing-in-should-investors-worry">selling millions in stock</a>.
Price Action: According to ratings from 43 analysts,<a href="http://pro.benzinga.com"> tracked by Benzinga</a>, Meta has a consensus price target of $724.86. The latest ratings, issued by UBS, Citigroup, and Oppenheimer on January 30, 2025, suggest a higher average price target of $788.67. This indicates a potential upside of 10.47% for Meta based on these most recent evaluations.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/META/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07232537/Screenshot-2025-02-08-at-9.55.32%E2%80%AFAM-1024x383.png" alt="" class="wp-image-772897" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

Social Media

Tech

Mark Zuckerberg's Meta To Begin Mass Layoffs Next Week, Speeds Up Hiring Of Machine Learning Engineers: Report

Amid a significant market correction, analyst and trader Michaël van de Poppe has expressed optimism about the NEAR Protocol (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/near/usd">NEAR</a>).
What Happened: Van de Poppe shared with his 772,700 followers on the social media platform X that NEAR is in an &#8220;ideal spot&#8221; after sweeping liquidity beneath the lows.
He anticipates the next target for NEAR to be between $15 and $20 in the coming three to six months. This would represent a 500% increase from its current price of $3.23.
"Pretty ideal spot for NEAR. It took all the liquidity beneath the lows and seems to have a strong weekly candle. If this is the liquidity sweep, then next target is $15-$20 in the next three-six months," he said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Pretty ideal spot for <a href="https://twitter.com/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NEAR</a>. It took all the liquidity beneath the lows and seems to have a strong weekly candle. If this is the liquidity sweep, then next target is $15-20 in the next 3-6 months. <a href="https://t.co/zpCYkf89Ev">pic.twitter.com/zpCYkf89Ev</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1887863888646906059?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
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Additionally, the analyst discussed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), suggesting it may trade sideways until it surpasses its all-time high resistance level of approximately $108,000.
Bitcoin is currently priced at $96,212, reflecting a 0.8% decline over the past 24 hours.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Important day today with labor market data coming in. Might be pivotal if there&#39;s a big miss. Anyways, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> stuck in the range, the real inflection will occur once it breaks ATH. For now, just consolidation before the next leg up. <a href="https://t.co/KPZ3OJhq4D">pic.twitter.com/KPZ3OJhq4D</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1887815061990752472?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/global/25/02/43554574/apple-faces-mounting-pressure-from-uk-government-to-grant-spying-access-to-encrypted-data-of-users-worldwide">Apple Faces Mounting Pressure From UK Government To Grant Spying Access To Encrypted Data Of Users Worldwide</a>
Why It Matters: The prediction by van de Poppe comes at a time when the crypto market is experiencing extreme bearish sentiments. In a recent <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43505966/bitcoin-struggling-but-perfect-storm-will-take-it-to-500000-ethereum-to-20000-trader-predicts">analysis</a>, he urged investors to hold onto their crypto assets, emphasizing that Bitcoin is fairly valued while altcoins remain heavily undervalued.
This sentiment follows a prolonged period of capitulation, where many altcoin investors have faced significant losses over the past 6-12 months.
Furthermore, a <a href="https://www.benzinga.com/25/01/43073101/altcoins-flash-bullish-signal-amid-bitcoins-surge-says-research-firm">recent surge</a> in Bitcoin past the $100,000 mark has triggered bullish signals for altcoins, with increased whale transactions indicating potential upcoming investments in altcoins.
This aligns with van de Poppe&#8217;s earlier observations that both Bitcoin and Ethereum were nearing critical buying levels, suggesting a strategic opportunity for investors to &#8220;buy the dip&#8221; as the market recovers.
Read Next:
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<li><a href="https://www.benzinga.com/general/sports/25/02/43577295/trump-praises-taylor-swifts-boyfriend-travis-kelce-ahead-of-super-bowl-appearance-after-kansas-city-chiefs-tight-end-says-it-would-be-a-great-honor-to-have-the-president-at-the-game">Trump Praises Taylor Swift&#8217;s Boyfriend Travis Kelce Ahead Of Super Bowl Appearance After Kansas City Chiefs Tight End Says It Would Be A &#8216;Great Honor&#8217; To Have The President At The Game</a></li>
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Disclaimer: This content was partially produced with the help of<a href="https://www.benzinga.com/author/benzinga-neuro"> Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

$NEAR

NEAR

This Top-50 Altcoin Is Set For A Massive Surge After Significant Correction, Predicts Trader

Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) CEO Jim Farley said earlier this week that it is upon the company management to tackle Chinese EV models such as the Xiaomi SU7 in cost of manufacturing and product appeal. 
What Happened: &#8220;While the company needs to work with government partners to make it a level playing field as much as possible. But at the end of the day, it&#8217;s management&#8217;s responsibility to beat the SU7 straight up in a street fight,&#8221; Farley said about imposing tariffs on imports from China to protect domestic automakers.
&#8220;&#8230;what I learned after 40 years in this industry is the company has to stand on its own, toe-to-toe with the cost of those (Chinese) companies and the product appeal of those companies,&#8221; he said. 
Chinese EV players like BYD Co or Xiaomi do not sell EVs in the U.S. However, Chinese vehicle makers are expanding to be a major force in the industry, Farley noted. 
&#8220;Their operational fitness is incredible. Their supply chains are now expanding globally and they&#8217;re increasing their exports around the world,&#8221; he said.
President Trump imposed 10% on Chinese imports over the last weekend. 
Why It Matters: In October, Farley shared his reluctance to part with the SU7 which Ford flew for him from Shanghai to Chicago. He praised its performance and market success, noting, "They sell 10,000, 20,000 a month. They're sold out for six months." Xiaomi has sold over 150,000 SU7 EVs till date. 
For Ford&#8217;s EV segment called Model e, the company reported a <a href="https://www.benzinga.com/tech/25/02/43522408/ford-slides-5-pre-market-after-disappointing-outlook-high-loss-from-ev-segment-in-2024">full-year EBIT loss of $5.08 billion</a> in 2024. The company expects $5 billion to $5.5 billion in losses in its EV segment this year, in line with the loss recorded last year.
Ford CEO&nbsp;Jim Farley&nbsp;also addressed the possible impact of <a href="https://www.benzinga.com/tech/25/02/43524700/ford-ceo-jim-farley-says-trumps-proposed-tariffs-on-mexico-canada-will-be-manageable-in-near-term-but-will-have-huge-impact-if-protracted">increased tariffs on imports from Mexico and Canada</a> on Wednesday in the earnings call. While a few weeks of tariffs will be manageable, prolonged 25% tariffs will have a huge impact on the auto industry and mean higher prices for customers, he said.
President&nbsp;Donald Trump&nbsp;announced tariffs of 25% on goods from Mexico and Canada last weekend, possibly impacting automakers including General Motors and Ford whose supply chains rely on these regions. Trump, however, delayed the imposition of the tariffs for a month after a discussion with the countries' leaders on Monday.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
Image via photos on Shutterstock

Ford CEO Jim Farley Envisions Beating Chinese EVs In 'A Street Fight,' Wants A Level Playing Field: 'Their Operational Fitness Is Incredible'

President Donald Trump has publicly expressed his admiration for Travis Kelce, the Kansas City Chiefs tight end and boyfriend of pop star Taylor Swift, as the Super Bowl approaches.
What Happened: Kelce, who is set to play against the Philadelphia Eagles in New Orleans this Sunday, welcomed the idea of Trump attending the game, saying it would be &#8220;awesome&#8221; and a &#8220;great honor,&#8221;.
Kelce stated, &#8220;No matter who the president is, I know I&#8217;m excited because it&#8217;s the biggest game of my life.&#8221; He added that having the president present would be &#8220;pretty cool.&#8221;
This event marks the first time a sitting president will attend the Super Bowl. Trump announced on Truth Social that he plans to give an interview before the game and praised Kelce as the &#8220;absolute best tight end in football (Ever!).&#8221; The president also predicted a &#8220;great game.&#8221;
See Also: <a href="https://www.benzinga.com/news/global/25/02/43554574/apple-faces-mounting-pressure-from-uk-government-to-grant-spying-access-to-encrypted-data-of-users-worldwide">Apple Faces Mounting Pressure From UK Government To Grant Spying Access To Encrypted Data Of Users Worldwide</a>
The friendly exchange between Trump and Kelce comes despite Trump&#8217;s previous public disdain for Swift, who has been a consistent supporter of Kamala Harris. Swift is expected to attend the Super Bowl, potentially setting up an encounter with Trump.
Why It Matters: The interaction between Trump and Kelce is noteworthy given the backdrop of Trump&#8217;s past<a href="https://www.benzinga.com/news/24/09/40870369/trumps-i-hate-taylor-swift-met-with-witty-response-from-harris-campaign-the-american-people-want-to"> public comments</a> about Taylor Swift.
In September, Trump expressed his dislike for Swift on Truth Social, stating, &#8220;I HATE TAYLOR SWIFT!&#8221; This comment was met with a witty response from Kamala Harris' campaign, emphasizing the American people&#8217;s desire to move forward.
Moreover, Trump&#8217;s<a href="https://www.benzinga.com/general/entertainment/24/12/42351922/trump-predicted-taylor-swift-sales-would-drop-target-data-shows-over-800k-sold"> prediction</a> that Swift would face marketplace repercussions for endorsing Harris did not materialize. Instead, Swift continued to achieve significant success, as evidenced by her record-breaking &#8220;Eras Tour&#8221; and the launch of her new &#8220;Eras Tour Book.&#8221;
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Disclaimer: This content was partially produced with the help of<a href="https://www.benzinga.com/author/benzinga-neuro"> Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Sports

Trump Praises Taylor Swift's Boyfriend Travis Kelce Ahead Of Super Bowl Appearance After Kansas City Chiefs Tight End Says It Would Be A 'Great Honor' To Have The President At The Game

President&nbsp;Donald Trump announced plans to introduce reciprocal tariffs, further intensifying the ongoing trade war with the United States&#8217; economic allies.
What Happened: Trump revealed his intentions to implement reciprocal tariffs during a meeting with Japanese Prime Minister&nbsp;Shigeru Ishiba&nbsp;on Friday. The president did not specify the exact measures but indicated that they would impact &#8220;everyone.&#8221;
Trump stated, &#8220;I'll&nbsp;be announcing that next week&nbsp;— on reciprocal trade —&nbsp;so that we're treated evenly&nbsp;with other countries. We don't want any more or any&nbsp;less.&#8221;
He also suggested that these reciprocal tariffs could replace&nbsp;the 10-20% universal import duty, a key element of his economic platform during his campaign.
See Also: <a href="https://www.benzinga.com/government/regulations/25/02/43574215/trumps-tax-plans-could-slash-revenue-by-11-trillion">Trump&#8217;s Tax Plans Could Slash Revenue By $11 Trillion, Push Debt To 149% Of GDP: Report Says White House Relies On &#8216;Fantasy Math&#8217;</a>
Trump&#8217;s administration has previously hinted at using tariffs to counter&nbsp;non-tariff trade barriers imposed by&nbsp;other nations. The president has argued that these measures are necessary to secure a &#8220;fair deal&#8221; for U.S. consumers.
&#8220;I think that&#8217;s&nbsp;the only fair way to&nbsp;do it. That way, nobody&#8217;s&nbsp;hurt. They charge us. We&nbsp;charge them. It&#8217;s the same thing.&#8221;
Trump also hinted at the possibility of tariffs targeting the automobile industry, stating, &#8220;That&#8217;s always on the table, it&#8217;s a very big deal. We have to equalize it.&#8221;
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Why It Matters: Trump has been a long-time advocate for reciprocal tariffs, vowing during his campaign to push for legislation that would enable him to impose the<a href="https://www.benzinga.com/markets/eurozone/25/01/43196247/trumps-push-for-cheap-oil-ai-dominance-widens-eu-us-policy-gap"> &#8220;same exact tariff&#8221; on any country</a> that levies a duty on a U.S.-made product.
The President&#8217;s call for reciprocal tariffs coincides with discussions about imposing a global tariff, targeting the European Union, and enacting sector-specific sanctions on industries like <a href="https://in.benzinga.com/markets/25/02/43420164/trump-may-enforce-new-tariffs-on-key-sectors-starting-saturday-chips-steel-among-potential-targets">steel, pharmaceuticals, and oil.</a> His advisors see these measures as strategic bargaining tools to address key issues, including illegal immigration, fentanyl smuggling, and trade imbalances.
This announcement comes on the heels of Trump&#8217;s decision to&nbsp;<a href="https://www.benzinga.com/25/02/43450261/trump-trudeau-strike-border-security-deal-tariffs-on-canada-paused-for-at-least-30-days">pause tariffs on Canada and Mexico</a>&nbsp;for at least 30 days, following new border security commitments to combat fentanyl trafficking and organized crime.
Meanwhile, the implementation of&nbsp;<a href="https://www.benzinga.com/25/02/43474797/amazon-faces-trumps-tariffs">new tariffs on China-made goods</a>&nbsp;has already begun to impact American shoppers and small businesses, with the elimination of the de minimis exemption leading to unexpected import duty notices from shipping firms. These developments are causing significant disruptions in the retail sector, with customers now being asked to pay additional duties and handling fees before receiving their packages.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump Says 'Reciprocal Tariffs' Hitting 'Everyone' Next Week, Escalating Global Trade War: '..The Only Fair Way To Do It'

Elon Musk&#8216;s rocket manufacturing company SpaceX is looking to land a Falcon 9 first stage off the coast of the Bahamas for the first time over the coming weeks.
What Happened: SpaceX is targeting Feb. 17 for a Falcon 9 launch of 23 Starlink satellites to low-Earth orbit from Florida. After separating from the second stage of the rocket, the first stage will land back on a drone ship in the Atlantic Ocean off the coast of The Bahamas, the company said while warning that residents and visitors of the island may hear one or more sonic booms during the landing. 
&#8220;Our new landing collaboration with The Bahamas will enable Falcon 9 to launch to new orbital trajectories,&#8221; the launch provider said in a post on social media platform X. Delegates from the Bahamas visited SpaceX facilities in Florida on Friday. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Delegates from The Bahamas visited SpaceX facilities in Florida today ahead of launch on the 17th, carrying a Bahamian flag that Falcon 9 flew to and from space in March 2024 <a href="https://t.co/WwmPhgc35B">pic.twitter.com/WwmPhgc35B</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1887992502860529965?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
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Why It Matters: The Bahamas executed a Letter of Agreement with SpaceX positioning itself as a destination for witnessing booster landings in February 2024. The first stage will land east of the Exumas, allowing residents and tourists to witness it from various Bahamian islands. 
SpaceX&#8217;s other landing zones are in Florida and California, making the Bahamas the first international location to host SpaceX <a href="https://www.benzinga.com/general/space/25/01/43119727/spacex-falcon-9-delivers-27-starlink-satellites-to-orbit-marks-400th-booster-landing">Falcon 9 rocket booster landings</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Shutterstock

SPACE

Elon Musk's SpaceX To Land Falcon 9 First Stage Off The Coast Of The Bahamas Later This Month

Canadian Prime Minister Justin Trudeau reportedly said on Friday that U.S. President Donald Trump might be serious about annexing Canada. 
What Happened: Trump is keen to control Canada&#8217;s natural resources, Trudeau said in a closed-door session at an economic summit his office organized in Toronto with business leaders, The Wall Street Journal <a href="https://www.wsj.com/world/americas/canadas-trudeau-says-trump-might-be-serious-about-51st-state-92956d31?mod=mhp">reported</a>, citing sources. The business and labor leaders had gathered to discuss the next moves for the economy amid fears of a trade war with the U.S. 
Trump has talked about making Canada the U.S.&#8217; 51st state and using economic force to coerce the country to that end. Trudeau as well as other senior Canadian officials had previously played it down.
Trudeau on Friday also called for making the Canadian economy more resilient and said that the country needs a revised economic strategy to support growth as policymakers battle "more challenging long-term political situation with the United States," the report said.
Why It Matters: Trump, over the last weekend, said he would impose a 25% tariff on non-energy imports from Canada and a 10% tariff on energy imports. 
However, on Monday, Trump <a href="https://www.benzinga.com/25/02/43450261/trump-trudeau-strike-border-security-deal-tariffs-on-canada-paused-for-at-least-30-days">delayed the tariffs by 30 days </a>after the Canadian PM agreed to reinforce the country&#8217;s border with the U.S. with new choppers, technology, and personnel to stem the <a href="https://www.benzinga.com/markets/cannabis/25/02/43476012/trumps-canada-tariffs-bffs-for-decades-what-went-wrong-can-it-really-be-about-fentanyl-unlikely">flow of fentanyl </a>and combat organized crime.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>

Justin Trudeau Says Trump Might Be Serious About Annexing Canada: Report

U.S. President Donald Trump is contemplating the approval of Nippon Steel&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) <a href="https://www.benzinga.com/markets/asia/25/02/43574248/trump-hints-at-rekindling-nippon-steels-14-billion-acquisition-of-united-steel-in-talks-with-japanese-pm-ishiba">$14.1 billion bid</a> for U.S. Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) as an investment, rather than a purchase.
What Happened: Trump&#8217;s unexpected comments came amid Nippon Steel&#8217;s year-long pursuit of U.S. Steel, which has faced staunch opposition from the President himself. The remarks were made in the presence of&nbsp;Japanese Prime Minister Shigeru Ishiba at the Oval Office. 
Nippon Steel &#8220;is going to be doing something very exciting about U.S. Steel,&#8221; the president said. 
&#8220;They&#8217;ll be looking at an investment rather than a purchase.&#8221;
"They've agreed to invest heavily in U.S. Steel, as opposed to own it."
See Also: <a href="https://www.benzinga.com/25/02/43576456/elon-musks-120-hour-workweek-call-for-doge-team-not-only-outdated-but-unfounded-says-stanford-researcher">Elon Musk&#8217;s 120-Hour Workweek Call For DOGE Team &#8216;Not Only Outdated But Unfounded,&#8217; Says Stanford Researcher</a>
The details of the investment and any potential changes to the deal structure remain unclear. However, Trump has announced plans to meet with the head of Nippon Steel next week to &#8220;mediate and arbitrate.&#8221;
"It is not one sided. It will be reciprocal, it will be mutually beneficial," Ishiba said.
Comments from Trump came a&nbsp;day after his meeting with U.S. Steel CEO David Burritt at the White House. The deal has become a contentious issue, with both Biden and Trump having previously vowed to block it.
Why It Matters: Nippon Steel was locked in a legal dispute with the Biden administration last year over its stalled acquisition of U.S. Steel. In early January, CEO Eiji Hashimoto <a href="https://www.benzinga.com/markets/25/01/42870745/nippon-steel-ceo-slams-tariffs-defends-15-billion-us-steel-merger-amid-national-security-concerns-we-never-think-that-industry-can-become-stronger-through-tariffs-alone">dismissed tariffs as an inadequate solution</a> for bolstering the U.S. steel industry. He defended the merger, asserting that it would strengthen national security by creating a more resilient and competitive company.
The lawsuit filed by Nippon Steel, last year, challenges the U.S. administration's decision, claiming it violated constitutional due process rights. The earlier opposition from <a href="https://www.benzinga.com/news/25/01/42994950/nippon-steel-eyes-trump-administration-to-revive-15b-us-steel-deal-blocked-by-biden-well-do-whatever-it-takes">Biden was reportedly aimed</a> at securing union support in Pennsylvania, a key state in the political landscape.
U.S. Steel stock closed nearly 6% lower on Friday after a turbulent trading session. Shares initially surged following <a href="https://www.benzinga.com/markets/asia/25/02/43574248/trump-hints-at-rekindling-nippon-steels-14-billion-acquisition-of-united-steel-in-talks-with-japanese-pm-ishiba">a CBS report</a> suggesting that Trump might approve the deal. However, the gains were erased after Trump reaffirmed his opposition to the acquisition in comments.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

NPSCY

Trump Hints At Alternative Structure For Nippon Steel's US Steel Deal: 'They've Agreed To Invest Heavily… As Opposed To Own It'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) researcher Troy Teslike on Friday criticized the EV giant&#8217;s approach to vehicle autonomy, saying that the company is skipping a step to driverless vehicle operations.
What Happened: Teslike noted that it took Alphabet Inc.&#8217;s Waymo three years from Oct. 2017 to Oct. 2020 to address all edge cases and transition from unsupervised testing with a safety driver present but not actively controlling the vehicle to fully driverless operations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It took Waymo three years, from October 2017 to October 2020, to address all the edge cases and transition from unsupervised testing with a safety driver present but not actively controlling the vehicle to fully driverless operations. <a href="https://t.co/dxDlzC2NVC">https://t.co/dxDlzC2NVC</a> Elon seems to be…
&mdash; Troy Teslike (@TroyTeslike) <a href="https://twitter.com/TroyTeslike/status/1887975198084706422?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
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Currently, FSD requires the driver to pay active attention and be ready to take over at any moment. According to Teslike, there must be one more step after but before driverless operations where the driver does not have to actively supervise the vehicle&#8217;s operations but can check emails and the car informs you in advance if it wants you to take over. 
&#8220;Before going driverless, the car is supposed to work without the driver watching the road all the time,&#8221; he said. 
Tesla CEO Elon Musk is, instead, planning to skip to driverless operations directly, Teslike said, while also terming it an &#8220;unrealistic plan.&#8221;
Why It Matters: During Tesla&#8217;s fourth-quarter earnings call in January, Musk said that the&nbsp;company will start testing <a href="https://www.benzinga.com/tech/25/01/43326143/tesla-stock-rises-5-after-hours-on-fsd-and-new-vehicle-promises-despite-q4-revenue-miss">autonomous ride-hailing service in Texas</a> in June with vehicles deployed with FSD.&nbsp;
&#8220;Teslas will be in the wild with no one in them in June in Austin&#8230; It&#8217;s literally five, six months away, five months away kind of thing,&#8221; Musk said while adding that the company expects its driverless vehicles to operate in several cities by year-end.
Musk has previously said that Tesla&#8217;s robotaxi fleet will function like a&nbsp;<a href="https://www.benzinga.com/news/24/04/38396288/teslas-robotaxi-to-be-called-cybercab-elon-musk-says-self-driving-fleet-will-be-like-combination-of" target="_blank" rel="noreferrer noopener">combination of Airbnb and Uber</a>. While a certain portion of the fleet will be owned by Tesla, individual customers can also add or subtract their vehicles to the robotaxi fleet at will. As for riders, they can summon a car using the Tesla App, similar to Uber. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Tesla

TSLA

Tesla Researcher Says EV Giant Is Skipping A Step To Driverless Operations: 'It Took Waymo Three Years...'

President Donald Trump announced that he is revoking the security clearance of his predecessor, Joe Biden, effectively ending Biden&#8217;s access to classified information and <a href="https://www.benzinga.com/news/24/03/37573133/former-nsa-perplexed-over-reports-of-trump-receiving-intelligence-briefings-puts-whatever-he-is-told">daily intelligence briefings</a>.
What Happened: Trump made the announcement on his Truth Social platform, stating that there is no longer a need for Biden to have access to classified information. &#8220;Therefore,&nbsp;we are immediately revoking Joe&nbsp;Biden&#8217;s&nbsp;Security Clearances and stopping his daily Intelligence Briefings,&#8221; Trump wrote.
Trump said Biden&#8217;s 2021 decision established a precedent for limiting a former president&#8217;s access to national security details after leaving office, calling it unfair. He also pointed to former special counsel Robert Hur's report, which did not charge Biden with a crime but depicted him as a forgetful commander-in-chief who mishandled highly sensitive classified information.
See Also: <a href="https://www.benzinga.com/markets/asia/25/02/43574248/trump-hints-at-rekindling-nippon-steels-14-billion-acquisition-of-united-steel-in-talks-with-japanese-pm-ishiba">Trump Hints At Rekindling Nippon Steel&#8217;s $14 Billion Acquisition Of United Steel In Talks With Japanese PM Ishiba</a>
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/07205343/Screenshot-2025-02-08-at-7.23.32%E2%80%AFAM-1024x699.png" alt="" class="wp-image-772826" style="width:382px;height:auto" /></figure>
Why It Matters: Trump&#8217;s decision to halt Biden&#8217;s intelligence briefings comes four years after Biden took a similar step against Trump, citing his &#8220;erratic behavior&#8221; before and after the 2021 Jan. 6, attack on the U.S. Capitol.
Biden's decision to bar Trump from intelligence briefings in 2021 marked the first time a former president was denied access to these updates, traditionally offered as both a courtesy and a resource for advising a sitting president. This move established a precedent that allowed Trump to do the same to his predecessor.
In January, before leaving the office, <a href="https://www.benzinga.com/politics/25/01/43084064/biden-makes-last-day-pardons-to-block-potential-trump-retribution">Biden issued preemptive pardons</a> to key figures, including Dr. Anthony Fauci and retired Gen. Mark Milley, ahead of Trump&#8217;s inauguration. This move was seen as a measure to protect public servants from potential threats and intimidation.
Meanwhile, on his first day in office,&nbsp;<a href="https://www.benzinga.com/news/large-cap/25/01/43106379/trump-reverses-bidens-ai-policies-on-day-1-what-it-means-for-tech-giants-nvidia-amd-alphabet">Trump revoked Biden&#8217;s comprehensive executive order</a>&nbsp;on artificial intelligence, which mandated developers of AI systems posing threats to national security or public safety to report the results of safety tests to the U.S. government. This was part of a broader action that reversed 78 Biden-era executive actions.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock

General

Trump Revokes Biden's Security Clearance, Ending Daily Intelligence Briefings: 'Joe, You're Fired'

Ukrainian President Volodymyr Zelenskyy reportedly wants the country to supply the U.S. with rare earths and minerals in return for financial support in its <a href="https://www.benzinga.com/topic/ukraine-russia-war">ongoing war against Russia.</a>
What Happened: According to Zelenskyy, less than 20% of Ukraine&#8217;s mineral resources are under Russian occupation. Moscow could open the resources to U.S. enemies North Korea and Iran, he said, while poring over a once-classified map of rare earths and other critical minerals, as per Reuters.
Ukraine is not proposing to give away its resources but instead offering a mutually beneficial partnership to develop them jointly, he told Reuters reporters. 
Ukraine and the U.S. White House are also discussing the idea of using Ukraine&#8217;s underground gas storage sites to store U.S. liquefied natural gas, he said. 
Why It Matters: In the interview with Reuters, Zelenskyy emphasized the need for security guarantees from its allies as part of any settlement, preventing Russia from launching another invasion in the future.
Trump administration is pushing for an end to the Ukraine-Russia war. 
Zelenskyy wants to meet Trump in person before the U.S. President meets <a href="https://www.benzinga.com/news/global/25/01/43216865/putin-agrees-with-trump-ukraine-war-avoidable-if-trump-had-been-in-office">Russian President Vladimir Putin</a>.
According to the report, President Donald Trump said on Friday that he expected to talk to Zelenskyy next week. The Ukrainian President reportedly told the news agency that there are regular contacts between his team and Keith Kellogg, Trump&#8217;s special envoy for Russia and Ukraine, as well as with Trump&#8217;s national security adviser Michael Waltz.
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Global

Media

Ahead Of Talks With Trump Next Week, Ukrainian President Volodymyr Zelenskyy Offers Mineral Partnership With US In Return For Security: Report

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Friday that customers who purchase or lease a new Model X or Model S in the U.S. are eligible for free supercharging during their ownership of the vehicle, an offer aimed at increasing demand for the company&#8217;s expensive car offerings.
What Happened: The offer also applies to Model S and X purchases in Canada, Puerto Rico, Europe, and the Middle East, the company said in a post on social media platform X, formerly Twitter.
Model S and X are Tesla&#8217;s pricier car offerings. While the Model S starts at $79,990 in the U.S., the Model X starts at $84,990. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Model S &amp; X come with free Supercharging Applies to orders in the US, Canada, Puerto Rico + Europe &amp; Middle East <a href="https://t.co/3PuA84aPbD">pic.twitter.com/3PuA84aPbD</a>
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1887885383691636860?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The new offer comes on the heels of data that the American EV giant sold <a href="https://www.benzinga.com/tech/25/02/43556649/tesla-drops-1-5-premarket-after-sales-of-china-made-evs-in-january-drop-11-5-yoy">63,238 China-made vehicles in January</a>, marking a dip of 11.5% from the corresponding month of 2024.
Furthermore, Tesla <a href="https://www.benzinga.com/tech/25/01/43183608/tesla-launches-refreshed-model-y-in-us-with-25-price-hike-full-self-driving-included">launched a refreshed version</a> of its bestselling Model Y SUV in January. Company CEO Elon Musk warned in January that the company will be retooling factories for the start of production of its new and refreshed Model Y in the first quarter and the change will result in <a href="https://www.benzinga.com/25/01/43328898/elon-musk-warns-teslas-new-model-y-will-result-in-several-weeks-of-lost-production-for-ev-giant-in-q1" target="_blank" rel="noreferrer noopener">several weeks of lost production</a>. Deliveries of the facelifted vehicle are slated to start in March.
Why It Matters: Tesla reported global&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on" target="_blank" rel="noreferrer noopener">deliveries of 1.79 million</a>&nbsp;vehicles in 2024, down from full-year deliveries of 1.81 million in 2023, marking a fall in vehicle deliveries for the first time in over a decade.
While Tesla said in its 2024 earnings report that the company expects its vehicle business to &#8220;return to growth&#8221; in 2025, Musk did not reiterate the 20-30% delivery growth expectation that he put forth in October. 
However, the company said last month that it expects to start production of new models, <a href="https://www.benzinga.com/25/01/43375903/tesla-researcher-estimates-drop-in-ev-deliveries-for-2025-despite-promise-of-new-models">including more affordable ones</a>, in the first half of 2025, likely increasing its total addressable market. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Tesla Launches Free Supercharging Offer On Model S, X In US To Battle Drop In Vehicle Deliveries

Elon Musk, the CEO of Tesla Inc. and SpaceX, has been advocating for a 120-hour workweek for his <a href="https://www.benzinga.com/topic/doge">Department of Government Efficiency</a> (DOGE) team. However, a Stanford researcher has challenged this approach, citing its potential &#8220;negative health outcomes.&#8221;
What Happened: Musk has been promoting a grueling work schedule for his DOGE team, which is tasked with implementing cost-cutting measures across the federal government. This approach, however, has been criticized by Alison T. Wynn, a senior research scholar at the Stanford VMware Women's Leadership Innovation Lab in an <a href="https://www.msnbc.com/opinion/msnbc-opinion/elon-musk-doge-office-120-hours-productivity-trap-rcna191270">opinion</a> post for MSNBC.
&#8220;There's just one problem: Musk and his team are wrong,&#8221; she said.
Wynn argued that the belief that long hours equate to increased productivity is &#8220;not only outdated but unfounded.&#8221;
See Also: <a href="https://www.benzinga.com/25/02/43569802/wall-street-drops-on-tariffs-threat-dollar-rises-uber-rockets-on-ackmans-tweet-whats-driving-markets-friday">Wall Street Drops On Tariffs Threat, Dollar Rises, Uber Rockets On Ackman&#8217;s Tweet: What&#8217;s Driving Markets Friday?</a>
&#8220;Instead, research clearly shows that working long hours doesn't make you a better employee. In fact, it can lead employees to struggle or even make catastrophic mistakes. This is concerning no matter what job you're doing, but it may be of special concern for the Musk team handling sensitive data systems that touch the lives and livelihoods of millions of Americans.&#8221;
Wynn also highlighted the adverse effects of this work culture on employees&#8217; physical and emotional well-being. She referenced studies that showed increased stress and work-life conflict due to rising time demands, which&nbsp;can lead to high turnover, dissatisfaction, and negative health outcomes.
Contrary to the belief that long hours are necessary for productivity, Wynn cited a&nbsp;2024 study published in Nature,&nbsp;which found that employees working&nbsp;from home two days per&nbsp;week were&nbsp;just as productive as those&nbsp;working&nbsp;full-time in the office.&nbsp;
Why It Matters: Musk&#8217;s DOGE initiative has been a subject of intense scrutiny and debate. The project, which aims to cut $2 trillion from the federal budget by 2026, has been met with skepticism by some economists.
Former White House Council of Economic Advisers Chair Jason Furman <a href="https://www.benzinga.com/news/25/02/43426165/elon-musks-daily-4-billion-doge-target-will-lead-to-30-cut-in-federal-spending-says-economist-jason-furman">pointed out potential discrepancies</a> in Musk&#8217;s claims regarding federal spending reductions and the proposed fiscal targets.
Despite the criticism, Musk&#8217;s initiative has also received support.&nbsp;Alex Karp, the CEO of&nbsp;Palantir Technologies Inc., has expressed enthusiasm for the DOGE initiative,&nbsp;<a href="https://www.benzinga.com/25/02/43487682/palantir-ceo-hails-elon-musks-doge-initiative-anticipates-positive-outcome">anticipating a positive outcome</a>&nbsp;for his company.
However, not everyone is on board with Musk&#8217;s approach.&nbsp;Reid Hoffman, the co-founder of LinkedIn and former COO of PayPal, has criticized Musk&#8217;s rapid cutting of government programs on behalf of his Department of Government Efficiency,&nbsp;stating that there&#8217;s a reason the <a href="https://www.benzinga.com/politics/25/02/43548753/reid-hoffman-rebuffs-elon-musks-doge-theres-a-reason-the-government-doesnt-work-like-companies">government doesn&#8217;t work like companies</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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Elon Musk's 120-Hour Workweek Call For DOGE Team 'Not Only Outdated But Unfounded,' Says Stanford Researcher

President Trump's push for tariffs with America's trading partners, only about a week old, is already having a big impact on the financial markets.
On February 1, President Trump said he was triggering the International Emergency Economic Powers Act due to "the extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl."
Until the crisis passes, President Trump slapped a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff.
Some of those tariffs have been suspended after negotiations between the US and Mexico, though it's unclear how long that will last, as neither country agreed to anything they weren't already doing. In the meantime, the expanded tariff skirmishes are having a big effect on the US stock market.
But here are four market sectors that are virtually "tariff-proof."
According to<a href="https://www.jpmorgan.com/markets/etrading-trends?source=cib_de_tr_etrading980225"> JPMorgan Chase's 2025 E-Trading Insights</a>, most traders worldwide say that tariffs (and inflation) are the most significant market impactors in 2025.
"Tariffs aren't simply random taxes on imports—they're a political and monetary strategy," said James Francis, CEO at Paradigm Asset Management. "Right now, the Trump management is slapping price lists on Chinese items, elevating prices on the whole lot from metallic to semiconductors."
What does this suggest for the inventory marketplace? Volatility, for starters.&nbsp;
"When price lists pass up, corporations that depend on imports see their prices rise," Francis noted. "Some companies skip the prices directly to consumers, even as others take the hit of their earnings margins. Either way, it creates uncertainty, and buyers tend to get nervous."
[<a href="https://www.benzinga.com/premium/ideas/benzinga-edge/?utm_source=WebRD-0210&amp;el=ResearchDaily&amp;he={{email}}&amp;adt_ei={{email}}">The Simplest Way to Find Stocks With Actionable Setups</a>]
<h2 class="wp-block-heading">Four "Immune" Sectors</h2>
On the upside, some industries have historically been immune to tariffs and trade wars. Here's a snapshot of three sectors that should be safe right now.
Select technology plays. &#8220;To avoid tariff turbulence, focus on industries that don&#8217;t import a lot of goods from abroad," said Rich Smith, a contributing analyst at The Motley Fool.
For example, the technology sector may be one walled-off sector.
"Software code can be created without the importation of significant quantities of widgets from abroad, and so should be insulated from tariffs risk," Smith notes. "Simultaneously, tech stocks could be at risk from retaliatory measures by countries responding to American tariffs. For example, China reportedly responds to US tariffs by investigating Alphabet over ostensible antimonopoly concerns."
Microsoft (MSFT) could be one sector stock that offers some tariff insurance. "Microsoft makes its cash from software programs, cloud computing, and company offerings," Francis said. "They don't depend as much on imported items, making the company surprisingly secure from change disruptions."
Utilities. Another relatively safe sector is utilities, particularly energy utilities that produce power from American-sourced oil and gas.
"Bargains might be easier to find here than in the red-hot tech sector," Smith added. "Investors might look at something like Dominion Energy (D), for example. At less than 21 times earnings, it&#8217;s cheaper than most S&amp;P stocks, and Dominion pays a strong 4.7% dividend yield. Wall Street analysts have the stock pegged for a 23% earnings growth next year, which implies the valuation might be cheap. And Dominion&#8217;s dividend yield is about three times the average yield on the S&amp;P to boot."
NextEra Energy (NEE) could be a safe play. "As a primary software issuer focusing on renewable energy, NextEra doesn't rely upon overseas imports," Francis said. "People will continually want electricity, making this a solid alternative no matter price lists."
Auto stocks. Select global auto markets may be safe, too. Automakers who don't manufacture in North America will see some upside. "That includes Chinese auto manufacturers who are increasingly exporting vehicles to other countries," said Tony Pelli, practice director at BSI Americas in London, UK.&nbsp;&nbsp;
One prison stock. Private prisons seem to be favored by the Trump administration, as they fit the "law and order" vibe from 1600 Pennsylvania Avenue and are cheaper to work with than public prisons.
"Right now, the best stock to invest in that appears to be immune to tariffs is GEO Group (GEO)," said Alejandro Zambrano, chief market strategist at the online trading services provider ThinkMarkets. "The private prison company draws most of its revenue from the USA, and Trump's deportation plans have not faced criticism internally or externally. It's also a play we have been bullish on since before the election."
<h2 class="wp-block-heading">Keep Your Eyes on the Ball – and Not On Tariffs</h2>
No doubt, tariffs are shaking things up on Wall Street; however, that doesn't mean investors are helpless.
"By specializing in industries which are much less uncovered to tariff change wars—like technology, utilities, and healthcare—you may decrease hazard and preserve your portfolio steady," Francis noted.
Trade guidelines might also change, but that's okay, too. "Keep your eye on long-time period growth, diversify wisely, and don't permit short-time period headlines dictate your decisions," Francis advised.
Every market day, Benzinga Edge readers get a stock pick setting up for an interesting technical move. Today, you can get access to the stocks making new breakouts, breakdowns, and other tradeable setups, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge/?utm_source=WebRD-0210&amp;el=ResearchDaily&amp;he={{email}}&amp;adt_ei={{email}}">Right Here.</a>
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4 "Tariff-Proof" Sectors to Buy for 2025

American shoppers and small businesses are feeling the immediate impact of new tariffs imposed by President Donald Trump, which removed the long-standing <a href="https://www.benzinga.com/news/global/25/02/43423781/trumps-trade-tariffs-to-close-e-commerce-loophole-favoring-chinese-online-retailers">$800 duty-free exemption</a> for low-cost imports from China. A few days after the change was implemented, customers who ordered from websites like Shein, Temu, and I.Am.Gia started receiving unexpected import duty notices from shipping firms, including United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) and DHL, often totaling nearly as much as the items themselves.
<h2 class="wp-block-heading">Surprise Fees on Low-Cost Orders</h2>
Many shoppers who were used to buying inexpensive clothing and household items from Chinese retailers are now being asked to pay additional duties and handling fees before receiving their packages. Some of these charges range from $20 to over $50, with DHL and UPS requiring payment within days or threatening to return the packages to the sender.
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For instance, <a href="https://www.reuters.com/business/retail-consumer/trumps-tariffs-china-bite-us-bargain-hunting-online-shoppers-2025-02-06/">Reuters reported</a> that a college student who ordered a $65 top from Australian brand I.Am.Gia was shocked to find a $45 import duty notice from DHL. Her father initially suspected it was a scam before realizing the fees were real. Another shopper was told to pay nearly $40 in additional fees for a $197 Shein order. Many others have shared similar experiences on social media, according to news outlets.
<h2 class="wp-block-heading">Small Businesses Hit Hard</h2>
<a href="https://www.wired.com/story/tariffs-china-prices-fees-shein-temu/">According to Wired</a>, the tariffs have also created chaos for small businesses that rely on Chinese suppliers or ship products across borders. Leslie Brown, who runs a secondhand clothing business in Canada, said she's stuck with $30,000 worth of inventory she can't move across the U.S. border due to the sudden tariff hike. Similarly, Miguel Schraeder, who sells board game accessories, saw his U.S. customers slapped with unexpected import duties, sometimes exceeding the value of the products themselves.
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Some small business owners have temporarily halted U.S. sales, unable to absorb or pass on the costs to customers. Meanwhile, logistics carriers like DHL Hong Kong and the Hongkong Post have announced they will stop accepting individual packages bound for the U.S. due to the new trade rules, according to media reports.&nbsp;
<h2 class="wp-block-heading">Shipping Companies Slow to Clarify Policies</h2>
Because of the abrupt enforcement of the tariffs, major couriers have been slow to provide clear policies on fees and procedures. The <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43504848/usps-resumes-accepting-china-shipments-amid-new-tariffs">U.S. Postal Service briefly suspended</a> all package deliveries from China and Hong Kong before reversing course. UPS has warned of potential delays and removed its service guarantee for packages coming from China, while FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) has not made a public statement on new fees or delays.
Some retailers, like Qwertykeys, have paused their shipments altogether, as DHL is now requiring a 50% tariff deposit plus a $21 processing fee per package.
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U.S. Shoppers And Businesses Shocked By High UPS And DHL Import Duty Fees As China Tariffs Kick In

Norfolk Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) has outperformed the market over the past 20 years by 4.23% on an annualized basis producing an average annual return of 12.57%. Currently, Norfolk Southern has a market capitalization of $56.38 billion. 
Buying $1000 In NSC: If an investor had bought $1000 of NSC stock 20 years ago, it would be worth $10,590.99 today based on a price of $249.10 for NSC at the time of writing.
<h3>Norfolk Southern's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738971916_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have This Much Today

Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) has outperformed the market over the past 10 years by 1.55% on an annualized basis producing an average annual return of 12.69%. Currently, Commercial Metals has a market capitalization of $5.64 billion. 
Buying $1000 In CMC: If an investor had bought $1000 of CMC stock 10 years ago, it would be worth $3,418.04 today based on a price of $49.63 for CMC at the time of writing.
<h3>Commercial Metals's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738971010_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Commercial Metals 10 Years Ago Would Be Worth This Much Today

Red Mountain Mining

WASHINGTON — Australia-listed Chariot Corp.&#8216;s early-stage strategy <a href="https://www.benzinga.com/topic/lithium">for lithium development</a> in the United States involves acquiring extensive land holdings.



The company has 3,634 claims in Wyoming, Nevada and Oregon, a number it says is more than any other lithium company in the United States.



"Now, it's better to grab as much as you can," managing director Shanthar Pathmanathan told Benzinga on the sidelines of a recent&nbsp;Benchmark Mineral Intelligence&nbsp;battery metals conference in Washington, D.C.



Two of Chariot's flagship properties—Resurgent in Nevada and Black Mountain in Wyoming—have surface lithium mineralization.



That indication of potential ease of extraction makes Pathmanathan think of the early days of oil discovery in the United States where oil was close to the surface and companies that owned more land had an advantage.



In Australia—where Chariot is based and Pathmanathan has spent much of his career— once easier lithium was mined, the cost of production rose.



Owning so many claims preemptively gives Chariot the option to develop properties in the United States that might be easier to mine, or use that as a selling point for other companies that might want to take on the development task.



"We've got really high-quality assets," Pathmanathan said.



The company has already divested four properties in Nevada to POWR Lithium Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PWRLF#OTC">PWRLF</a>), Pan American Energy Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PAANF#OTC">PAANF</a>) and Red Mountain Mining Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMTLF#OTC">RMTLF</a>) and a portfolio in Western Australia to Australia-listed St. George Mining Ltd.



Chariot also plans to sell two projects in Nevada and one in Zimbabwe.



Chariot's work in the United States comes as the nation is trying to develop a lithium supply chain that isn't dominated by China, the world's biggest lithium consumer who has helped the Australian lithium mining industry develop.



"The U.S. is about 10 years behind Australia with lithium," Pathmanathan said.&nbsp;



Australia is the world's biggest producer of the metal that is used in electric vehicle batteries, demand for which is expected to continue increasing in coming decades.



"We're in a supercycle for demand," Pathmanathan said.



Without Chinese lithium, the United States is probably undersupplied, he said.



That leaves U.S. battery companies and automakers without sufficient domestic upstream lithium supply to meet anticipated demand, a Chariot presentation says.



Lithium prices hit record highs in 2022, but they have fallen sharply since then as automakers have tempered their forecasts for electric vehicle demand.



Those lower prices make Pathmanathan worried about getting financing for Chariot, but the low prices also may allow the company to buy up more lithium properties, he said.



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Photo: Freedom_wanted/Shutterstock.com

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