Speaker Johnson says Trump's 'big, beautiful bill' will help GOP in midterms despite concerns
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Trump says US and Pakistan have concluded a trade deal
By Kanishka Singh WASHINGTON (Reuters) -U.S. President Donald Trump said on Wednesday his administration struck a deal with Pakistan in which Washington will work with Islamabad in developing the South Asian nation's oil reserves. "We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves," Trump wrote on social media. "We are in the process of choosing the Oil Company that will lead this Partnership." Trump's social media post did not provide further details on the deal between the U.S. and Pakistan. The Pakistani embassy in Washington had no immediate comment. Last week, Pakistani Foreign Minister Ishaq Dar said the United States and Pakistan were "very close" to a trade deal that could come within days, after he met with Secretary of State Marco Rubio on Friday. Under Trump, Washington has attempted to renegotiate trade agreements with many countries that he threatened with tariffs over what he calls unfair trade relations. Many economists dispute Trump's characterization. The U.S. State Department and Pakistan's foreign ministry, in separate statements after Rubio's meeting with Dar, said last week the two top diplomats stressed in their discussion the importance of expanding trade and ties in critical minerals and mining. "Our teams have been here in Washington discussing, having virtual meetings and a committee has been tasked by the prime minister to fine tune now," Dar said last week about U.S.-Pakistan talks.
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Could Trump Accounts Turn American Babies Into Tomorrow's Millionaires? Here's What Experts Say
A new federal savings initiative, known as 'Trump accounts,' signed into law by President Donald Trump, could significantly alter the financial future of millions of American children. What Happened: The Trump Accounts initiative, part of the One Big Beautiful Bill Act, will provide a $1,000 head start to every baby born in the U.S. The accounts will allow for additional contributions from families and employers, potentially leading to the creation of retirement millionaires from today's youth, reported Newsweek. These accounts, much like traditional retirement accounts, provide tax-advantaged growth and allow penalty-free withdrawals after age 59 and a half. Early withdrawals may also be permitted for certain purposes, such as education costs, purchasing a first home, or starting a business. Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics—now it's your turn to Scott Hefty, senior wealth manager and founding partner at Serae Wealth told the publication, 'This account reflects a broader shift in how Americans build wealth across generations. We are moving toward a model where families, employers, and the federal government each play a part.' Matt Hylland, a financial planner at Arnold and Mote Wealth Management explained, with a 7% annual return, investing $5,000 yearly could grow to about $6.95 million by age 65. A more modest $1,000 yearly investment would yield around $1.46 million. On a more conservative note, Hylland stated that $1,000 government-seeded account left untouched could grow to about $93,380 by age 65. 'If the seed contribution continues beyond potential for long-term impact grows even further,' he It Matters: The 'Trump accounts' align with the 'Start Young' philosophy of billionaire investor Warren Buffett. The tax-deferred investment account will be for each child born between January 1, 2025, and December 31, 2028. The government would seed each account with $1,000, and guardians could contribute up to $5,000 annually. Notably, consistently contributing the $5,000 maximum requires parents to be financially well-off, as they likely have other savings commitments like 401(k)s. The IRS is expected to clarify tax rules before the accounts launch, which will affect savings outcomes. However, not everyone agrees that this is the best approach. Some critics argue that the plan may not be the smartest idea, as it would give parents a new, stock-indexed nest egg they could add to, but not touch, until the child turns 18. Furthermore, a Benzinga reader poll suggests that parents could use the $1,000 investment accounts to invest in mutual funds, ETFs, and individual stocks, including fast-growing Magnificent Seven stocks like NVIDIA Corporation (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) being top preferences. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Image via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Could Trump Accounts Turn American Babies Into Tomorrow's Millionaires? Here's What Experts Say originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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As Trump Says He Wants Tesla to ‘THRIVE,' How Should You Play TSLA Stock?
The on-again, off-again relationship between President Donald Trump and Tesla (TSLA) CEO Elon Musk witnessed a new plot twist when Trump posted on Truth Social that 'I want Elon, and all businesses within our Country, to THRIVE.' This is a startling development, to say the least, considering the very public nature of their fallout, which was sour for all involved. Musk had been quite vocal about his opposition to Trump's 'One Big Beautiful Bill Act,' arguing it would only add to the country's mounting debt. And specifically hurting Tesla is the removal of $7,500 tax credits on EV purchases, a stipulation of the tax-and-spending legislation. More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold As Nvidia Gets Ready for New China H20 Shipments, How Should You Play NVDA Stock? As SoFi Raises 2025 Guidance, Should You Buy, Sell, or Hold SOFI Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! So, amid all the noise around Tesla, is the company's stock (-21.7% YTD) still one that warrants an investment? Let's find out. Q2 Was Somewhat Pleasant Revenues for the quarter came in at $22.5 billion, down 12% from the previous year. Core automotive revenues again slipped on a YOY basis, this time by 16% to come in at $16.7 billion, as competitive pressure and Musk's political activities continued to put pressure on sales. The energy segment witnessed a less sharp fall of 7% in the same period to $2.8 billion. The gross margin remained almost flat at 17.2% compared to the previous year's 18%, which provided some comfort. Total production was at 410,244 vehicles (vs. 410,831 in the year-ago period) while total deliveries fell by 13% in the same period to 384,122 vehicles, against expectations of 387,000, per FactSet. Meanwhile, Tesla reported EPS of $0.40, which represented a yearly decline of 23%. Tesla continued to remain cash flow positive, although its cash flow declined alongside revenue and earnings. Net cash from operating activities for the quarter was at $2.5 billion (-30% YOY), and free cash flow was at $146 million (-89% YOY). Overall, the company closed the quarter with a cash balance of $36.8 billion, up 20% from the previous year. This was much above its short-term debt levels of $15.2 billion. Yet, what remains a cause of worry for Tesla investors is Musk's recent remarks during the latest earnings call. Downbeat Comments Cloud Long-Term Growth? My thoughts on Tesla have been consistently cautiously optimistic, with the company's long-term prospects sounding quite convincing, driven by artificial intelligence, Full-Self Driving (FSD), robotics, and energy, among others. However, Musk's revelation that the EV leader will likely face 'a few rough quarters' is concerning. Yet, what is even more worrying is his acknowledgement that the company's outsized bets on humanoid robots is still a long way from contributing to the company's bottom line. This draws a question mark over other businesses as well, hurting its overall value, considering that most of the bullishness around Tesla is primarily due to the expectations that its operations in the above-mentioned businesses will create massive wealth for shareholders in the long run. Specifically on robotics, Tesla has publicly shared a detailed time horizon for its robotics ambitions, with the Optimus 3 prototype slated to be ready by late 2025. Production ramp‑up is expected to begin in early 2026, targeting monthly volumes of 100,000 units within five years, scaling to one million annually by 2030, and eventually aspiring toward a long‑term goal of 1 billion robots per year. That said, Tesla's track record of meeting Musk's ambitious timelines has been inconsistent. A prominent example dates back to his 2019 assertion that 1 million robotaxis would be operational by 2020. Reality diverged substantially. Robotaxis just launched in Austin in a limited pilot in June 2025. However, the opportunity remains as scaling beyond a company-owned fleet is essential to unlock true network effects for the robotaxi business. With millions of Teslas already on the road, the company could enable private owners to contribute vehicles to the robotaxi platform, a monetization opportunity few other automakers can match. Meanwhile, Tesla's in‑house AI training infrastructure is also evolving rapidly. The Dojo 2 supercomputer, expected in 2026, is projected to deliver computing power equivalent to roughly 100 000 H100 GPUs. Built for vision-centric workloads essential to autonomy and robotics, it supports large‑scale real‑world simulation. Tesla is already working toward hardware convergence across edge and cloud, from Dojo servers to on‑device chips, with next‑generation AI6 and Dojo 3 already in early planning stages. Overall, this combination of proprietary data, in‑house chip design, scalable compute infrastructure, and integrated deployment gives Tesla full control over the AI stack. It enables scaling from fleet data to trained models to real-world applications, a vertically integrated strategy that few companies can replicate. Analyst Opinions on TSLA Stock Taking all of this into account, analysts have deemed the TSLA stock a 'Hold,' with a mean target price of $299.94, which has already been surpassed. However, the high target price of $500 denotes upside potential of about 56% from current levels. Out of 41 analysts covering the stock, 12 have a 'Strong Buy' rating, two have a 'Moderate Buy' rating, 17 have a 'Hold' rating, and 10 have a 'Strong Sell' rating. On the date of publication, Pathikrit Bose did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
