Ramaco Resources, Inc. - 9.00% Senior Notes due 2026 Stock (NASDAQ: METCL)

Ramaco Resources, Inc. - 9.00% Senior Notes due 2026 (NASDAQ:METCL) Stock, Quote.Headers.trade-ideas

Ramaco Resources, Inc. - 9.00% Senior Notes due 2026

<ul>
<li>2024 preliminary unaudited revenue in the range of approximately $1.355 billion - $1.357 billion, up approximately 7.7% - 7.9% year-over-year</li>
<li>2024 preliminary constant currency revenue&#x2A; increased in the range of approximately 8.4% - 8.6% year over year</li>
<li>2024 financial results and 2025 guidance to be released February 25, 2025</li>
</ul>

News

MMSI

Reported Earlier, Merit Medical Announces Preliminary 2024 Revenue Of $1.355B–$1.357B, A Rise Of 7.7%–7.9% YoY

A dozen financial firms, including industry leaders Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) and KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), have reached a settlement with the Securities and Exchange Commission (SEC) over recordkeeping violations. The settlement, totaling $63.1 million, addresses allegations of improper communication practices.
What Happened: The SEC accused these firms of utilizing unauthorized communication methods, referred to as off-channel communications, to exchange messages that were required to be preserved under securities laws. These recordkeeping lapses reportedly involved personnel at various levels, including supervisors and senior managers, The Wall Street Journal <a href="https://www.wsj.com/articles/sec-reaches-63-million-settlement-with-12-firms-over-recordkeeping-9805d111">reported</a> on Tuesday.
As part of the settlement, Blackstone will pay $12 million, while KKR will contribute $11 million. 
A spokesperson for Blackstone expressed satisfaction with the resolution, stating, &#8220;We have already taken significant steps to further strengthen our electronic communications procedures—including before the start of this inquiry—and are committed to the highest standard of compliance.&#8221; 
Why It Matters: This settlement follows a similar action by the SEC last year, where major rating agencies, including Moody&#8217;s Corp., S&amp;P Global, and Fitch Ratings, were fined over $49 million for <a href="https://www.benzinga.com/government/24/09/40704761/moodys-s-p-global-fitch-among-major-rating-agencies-hit-with-49m-sec-fine-over-record-keeping-failur">comparable recordkeeping failures</a>. The SEC&#8217;s actions underscore its ongoing efforts to enforce compliance with federal securities laws, particularly concerning the preservation of electronic communications. 
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/42808796/foxconn-posts-record-revenue-rides-high-on-ai-server-demand-and-nvidia-partnership">Apple Supplier Foxconn Posts Record Revenue, Rides High On AI Server Demand And Nvidia Partnership</a></li>
</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.
Image via Shutterstock

Markets

General

Blackstone, KKR Among 12 Firms To Pay $63 Million To SEC After Recordkeeping Violations

<ul>
<li>Independent Data Safety Monitoring Board (DSMB) recommends study to proceed without modifications based on initial safety assessment of 400 participant 30-day data</li>
<li>The company plans to progress the trial to enrollment of 10,000 participants, upon favorable review from the U.S. Food and Drug Administration (FDA) and upon Biomedical Advanced Research and Development Authority (BARDA) approval</li>
</ul>

VXRT

Reported Earlier, Vaxart's Phase 2b COVID-19 Trial Receives DSMB Green Light, Expanding Testing To 10,000 Participants

On Monday, Cathie Wood-led Ark Invest made significant trades in five major companies: Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>), CareDx Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>), Veracyte Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>), Adaptive Biotechnologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>).
The PLTR Trade
Ark Invest&#8217;s Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) fund sold 140,518 shares of Palantir. This move is significant, considering Ark Invest&#8217;s&nbsp;<a href="https://www.benzinga.com/25/01/42865484/cathie-woods-tuesday-double-dump-ark-invest-trims-both-palantir-and-bitcoin-etf-holdings">recent trend of offloading Palantir shares</a>.
The total value of this trade, based on the latest closing price of $64.98, is approximately $9.1 million.
This sale follows Ark&#8217;s disposal of shares worth roughly $15 million the previous week.
Palantir stock price has fallen more than 14% over the past month. In just the first two weeks of 2025, the stock has declined nearly 15%.
The TEM Trade
Ark Invest&#8217;s ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARKK funds made substantial purchases of Tempus AI Inc. shares. The ARKG fund bought 98,691 shares, while the ARKK fund purchased a whopping 280,192 shares.
Given the latest closing price of $32.34, the total value of these trades amounts to approximately $12.2 million.
This move comes amid TEM&#8217;s 13.81% drop on Monday.
Other Key Trades:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>ETF</td>
<td>Transaction</td>
<td>No. Of Shares</td>
<td>Closing price</td>
<td>Approx. Value</td>
</tr>
<tr>
<td>Veracyte Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>)</td>
<td>ARK Genomic Revolution</td>
<td>Sale</td>
<td>37,358</td>
<td>$42.78</td>
<td>$1.6 million</td>
</tr>
<tr>
<td>Adaptive Biotechnologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>)</td>
<td>ARK Genomic Revolution</td>
<td>Sale</td>
<td>76,522</td>
<td>$6.46</td>
<td>$494,332</td>
</tr>
<tr>
<td>CareDx Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>)</td>
<td>ARK Genomic Revolution</td>
<td>Sale</td>
<td>65,550</td>
<td>$25.07</td>
<td>$1.6 million</td>
</tr>
</tbody>
</table>
</figure>
Closing price as of Jan. 13, 2025
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42931941/mark-zuckerberg-critiques-culturally-neutered-companies-advocates-for-masculine-energy-as-meta-cuts-dei-programs-post-joe-rogan-appearance">Mark Zuckerberg Critiques &#8216;Culturally Neutered&#8217; Companies, Advocates For &#8216;Masculine Energy&#8217; As Meta Cuts DEI Programs Post-Joe Rogan Appearance</a></li>
</ul>
Image via Benzinga YouTube and Unsplash
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/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Equities

Tech

ETFs

ADPT

ARKG

ARKK

CDNA

PLTR

VCYT

Cathie Wood's Ark Invest Trims Palantir Again As Peter Thiel Co-Founded Firm's Stock Tumbles Nearly 15% In 2025

Aims to leverage cloud computing and generative AI, and to help reduce data center carbon footprints

MIELY

Reported Earlier, Mitsubishi Electric And AWS Forge Strategic Partnership To Advance Cloud, AI, And Sustainability Goals

Eighth-generation IGBT chips help to minimize power loss in renewable-energy power-supply systems

Reported Earlier, Mitsubishi Electric To Begin Shipping LV100 1.2-Kv IGBT Module For Industrial Use

— Indication expands to include treatment-naïve patients&nbsp;—
— The 2021 conditional approval in previously treated patients converted to full approval —

Reported Earlier, HUTCHMED Secures Full NMPA Approval For ORPATHYS In China To Treat Advanced MET Exon 14 NSCLC

FRHC

Reported Earlier, Freedom Holding Announces Expansion Into Turkey With New Brokerage License Approval

<ul>
<li>Strong first year as standalone company; global leader Sandoz uniquely positioned in attractive and growing USD 200 billion market for generics and biosimilars</li>
<li>Leading in home market Europe, which represents half of total sales; strategically positioning company to become #1 in biosimilars in US, with three US launches expected in 2025</li>
<li>Ambitious GLP-1 strategy in place, addressing each opportunity with mix of internal capabilities and external partnerships</li>
<li>Industry-leading pipeline for rapidly-growing biosimilar segment now comprises 28 molecules</li>
<li>Strongly positioned to capitalize on unprecedented global market opportunity, with reference medicines worth more than USD 400 billion in sales due to lose exclusivity from 2029 onwards</li>
</ul>

SDZNY

Reported Earlier, Sandoz Highlights Ambitious Roadmap For Biosimilar Leadership And GLP-1 Expansion At J.P. Morgan Healthcare Event

While NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang has stated that practical quantum computing is likely two decades away, the company is not waiting to invest in its future. In a strategic move, Nvidia is actively hiring for roles that will bolster its quantum computing capabilities, indicating a long-term commitment to integrating quantum and <a href="https://www.benzinga.com/markets/equities/25/01/42867168/nvidias-jensen-huang-said-something-that-has-all-quantum-computing-stocks-tumbling-qubt-and-rgti-down-13-ionq-down-11">classical computing systems</a>.
What Happened: Huang, speaking at several forums including the recent CES 2025 keynote, has set a timeline of 15 to 30 years for &#8220;very useful&#8221; quantum computers, with a consensus within Nvidia leaning towards a 20-year horizon.
Despite this, Nvidia is already laying the groundwork for this hybrid future, as evidenced by job listings for positions like Director of Product Management for Climate and Weather and Senior Quantum Error Correction Research Scientist, according to Nvidia&#8217;s <a href="https://nvidia.wd5.myworkdayjobs.com/en-US/NVIDIAExternalCareerSite/jobs?q=quantum">hiring</a> page. 
These roles focus on immediate applications such as weather forecasting with Nvidia&#8217;s Earth-2 digital twin and foundational quantum research in error correction and algorithm development.
See Also: <a href="https://www.benzinga.com/25/01/42966137/biden-admin-brushed-off-teslas-100m-big-rig-charging-funding-application-says-report-elon-musk-sighs">Biden Admin Brushes Off Tesla&#8217;s $100M Big-Rig Charging Funding Application, Says Report: Elon Musk Sighs</a>
Why It Matters: The investment in quantum talent comes at a time when the quantum computing industry faces skepticism, as seen with the recent decline in quantum computing stocks post-Huang&#8217;s comments. IonQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), and Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) all experienced significant drops, reflecting investor caution. 
However, some industry leaders, like D-Wave CEO Alan Baratz, argue quantum applications are already commercially viable in <a href="https://www.benzinga.com/25/01/42892470/jensen-huang-is-dead-wrong-about-quantum-computing-d-wave-ceo-fires-back-at-nvidia-boss-happy-to-meet-with-jensen-any-time-any-place-to-help-fill-in-these-gaps">areas like financial modeling</a>.
Mark Zuckerberg, CEO of Meta Platforms Inc., echoed Huang's cautious optimism during an appearance on Joe Rogan's podcast, stating, "Quantum computing is still quite a ways off from being a truly practical paradigm." While admitting his limited expertise, Zuckerberg agreed with the industry consensus on the decade-long <a href="https://www.benzinga.com/markets/equities/25/01/42936751/mark-zuckerberg-backs-nvidia-ceo-jensen-huangs-view-on-quantum-computing-its-still-quite-a-ways-off">timeline for practical adoption</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42966025/softbank-backed-arm-plans-major-price-hike-apple-qualcomm-supplier-explores-chip-development">SoftBank-Backed Arm Plans Major Price Hike: Apple, Qualcomm Supplier Explores Chip Development</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

IONQ

NVDA

QBTS

QUBT

RGTI

Jensen Huang Said Quantum Computing Is 20 Years Away, But Nvidia Bets Big On Strategic Hiring

The XMT rig adapts proven oil and gas technology for the mining sector, enabling faster, safer, and more sustainable drilling. This patented hybrid drilling system builds on the success of an earlier prototype developed by the XMT team, offering a revolutionary approach to identifying critical minerals. By improving drilling speed, core recovery, and producing anticipated high-fidelity drill chips, the XMT rig is designed to deliver a versatile and efficient solution that surpasses conventional methods.
The XMT Series-A funding of $11M will drive the development and field deployment of the first hybrid rig at Santa Cruz.

Reported Earlier, XtremeX To Launch Revolutionary Drilling Rig With Ivanhoe Electric After $11M Funding Led By GoGreen Partners

Empowering women and girls worldwide to dream beyond boundaries is the heart of e.l.f.'s next episode of ‘Show Your(s)e.l.f.' featuring Nguyen's inspiring journey

e.l.f. Beauty Partners With Amanda Nguyen To Inspire Women And Girls Through Empowerment And Advocacy

Macro Economic Events

Econ #s

Economics

INDA

India Wholesale Price Index Inflation (YoY) For December 2.37% Vs. 230% Est.; 1.89% Prior

Biden administration reportedly brushed off Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) application for about $100 million to fund a big-rig charging corridor, to the exasperation of the EV giant&#8217;s CEO Elon Musk.
What Happened: TechCrunch <a href="https://techcrunch.com/2025/01/13/biden-admin-snubs-teslas-100-million-big-rig-charging-funding-request-again/">reported</a> on Monday that Tesla had applied for funding for a big-rig charging corridor project. The information was confirmed by its project partner California's South Coast Air Quality Management District. 
However, Tesla was not named in the list of 49 applicants to whom the Department of Transportation (DOT) gave over $635 million in funding on Friday to build EV charging infrastructure. 
Tesla first requested funding in 2023 from the Charging and Fueling Infrastructure program to build nine semi-truck charging stations between its former headquarters in California to the southern border of Texas, officially called <a href="https://www.benzinga.com/news/23/08/33495327/tesla-seeks-100m-for-semi-charging-route-between-california-and-texas">Project TESSERACT</a>. However, the department chose other applicants over Tesla even then. 
CEO Responds: Musk responded to the news on social media platform X with a brief, &#8220;Sigh.&#8221;
<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">Sigh
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1878902938640515082?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The status of the big rig charging corridor is unclear. Tesla did not immediately respond to Benzinga&#8216;s request for comment. 
Tesla has its own fast charging network. Earlier this month, the company said that it opened over 11,000 supercharger stalls in 2024, taking the total number of superchargers to over 65,000.
The growth of Tesla's supercharger network was in question after the company announced&nbsp;layoffs of at least 10% of its global workforce in April. The layoffs impacted&nbsp;<a href="https://www.benzinga.com/news/24/05/38846223/elon-musk-fired-supercharger-chief-rebecca-tinucci-and-her-entire-team-after-she-refused-to-lay-off" target="_blank" rel="noreferrer noopener">500 members of the supercharging team</a>&nbsp;and&nbsp;Rebecca Tinucci, Tesla's then Senior Director of Charging Infrastructure, left the company.
During Tesla's annual shareholder meeting in June, Musk, however, slammed rumors of the <a href="https://www.benzinga.com/news/24/05/38757383/elon-musk-announces-500m-investment-in-teslas-supercharger-network-expansion-in-2024" target="_blank" rel="noreferrer noopener">death of the supercharger network </a>as "greatly exaggerated."
"Our supercharger network is continuing to grow," Musk said while adding the company will invest $500 million into expanding the network in 2024. 
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>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/25/01/42937833/elon-musks-spacex-delays-starship-7th-test-flight-to-wednesday" target="_blank" rel="noreferrer noopener">Elon Musk's SpaceX Delays Starship 7th Test Flight To Wednesday</a></li>
</ul>
Photo courtesy: Shutterstock

TSLA

Biden Admin Brushes Off Tesla's $100M Big-Rig Charging Funding Application, Says Report: Elon Musk Sighs

Reported Earlier, Australia Building Approvals (MoM) For November -3.6% Vs. -3.6% Est.; 5.2% (Revised) Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Current Account n.s.a. For November 3.353T Vs. 2.691T Est.; 2.457T Prior

Reported Earlier, Japan Adjusted Current Account For November 3.03T Vs. 2.59T Est.; 2.41T Prior

British chip design firm Arm Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NYSE">ARM</a>) is developing plans to increase prices by up to 300% and has discussed manufacturing its own chips, marking a significant shift in strategy that could reshape its relationship with major customers like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).
What Happened: The SoftBank-controlled company aims to boost annual smartphone revenue by approximately $1 billion over a decade through its &#8220;Picasso&#8221; initiative, according to court documents revealed during a recent trial with Qualcomm, Reuters reported. The strategy, dating back to 2019, centers on increasing royalty rates for its latest Armv9 computing architecture.
Arm CEO Rene Haas has explored expanding beyond the company&#8217;s traditional role of selling chip-design blueprints to potentially producing complete chips or chipsets. This move could position Arm as a direct competitor to its current customers, particularly as the company seeks growth beyond its relatively modest $3.23 billion revenue in fiscal 2024.
Internal communications revealed during the trial showed Haas&#8217;s confidence in competing against customers if Arm entered chip production. &#8220;Rest are hosed,&#8221; Haas wrote in a December 2021 message regarding potential competition with companies like Qualcomm.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42965139/tesla-soars-over-2-after-hours-on-morgan-stanleys-430-target-upgrade-and-breakthrough-fsd-advancements-says-gary-black">Tesla Shares Rise Over 2% After Hours On Morgan Stanley&#8217;s Price Target Hike, FSD Breakthroughs: Gary Black Highlights Key Drivers</a>
Why It Matters: The strategy <a href="https://www.benzinga.com/markets/equities/25/01/42890464/softbank-owned-arm-eyes-acquisition-of-oracle-backed-chip-designer-ampere-computing-amid-nvidias-dominance-report">shift comes as Arm explores acquiring</a> Ampere Computing LLC, an Oracle Corp.-backed chip designer which was valued at $8 billion in 2021. This potential acquisition could accelerate Arm&#8217;s evolution from a technology licensor to a complete chipmaker, particularly in the server market.
Industry analysts express concern about the implications. &#8220;It should send a chill down the spine of their customers,&#8221; said Tantra Analyst founder Prakash Sangam, noting the unexpected nature of Arm&#8217;s chip-making aspirations.
Price Action: Arm Holdings PLC&#8217;s ADR closed at $137.07 on Tuesday, down 2.43% for the day. In after-hours trading, the stock gained 1.26%. Over the past year, the stock has surged by an impressive 100.16%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/25/01/42965859/ray-dalio-warns-us-could-go-broke-as-debt-soars-urges-action-to-avert-crisis">Ray Dalio Warns US Could &#8216;Go Broke&#8217; As Debt Soars, Urges Action To Avert Crisis</a></li>
</ul>
Image Via Shutterstok 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

QCOM

SoftBank-Backed Arm Plans Major Price Hike: Apple, Qualcomm Supplier Explores Chip Development

Ray Dalio, founder of Bridgewater Associates, warned Tuesday that the United States could &#8220;go broke&#8221; due to mounting government debt problems, as the nation grapples with unprecedented interest payments <a href="https://www.benzinga.com/news/24/05/38661979/us-pays-2m-interest-per-minute-on-national-debt-funny-peculiar-chicken-and-the-egg-type-situation">reaching $2 million per minute</a>.
What Happened: In a post on X, Dalio announced an upcoming book examining how countries face financial collapse, titled &#8220;How Countries Go Broke: Principles for Navigating the Big Debt Cycle.&#8221; His warning comes as U.S. debt has surged past $36 trillion, with interest payments <a href="https://www.benzinga.com/personal-finance/24/01/42755472/102-trillion-global-debt-the-u-s-and-china-lead-the-charge-what-you-need-to-know">exceeding $892 billion in fiscal year 2024</a>.
The International Monetary Fund projects U.S. annual interest payments will reach $1.7 trillion by 2034, with cumulative interest costs over <a href="https://www.benzinga.com/personal-finance/24/01/42755472/102-trillion-global-debt-the-u-s-and-china-lead-the-charge-what-you-need-to-know">the next decade approaching $12.9 trillion</a>. The U.S. currently accounts for 34.6% of global debt, which stands at $102 trillion.
&#8220;Big debt crises are inevitable,&#8221; Dalio wrote, explaining that lending is rarely perfectly aligned with the income needed to service it. &#8220;Even though this progression has happened many times in history, most policymakers and investors think their current circumstances and monetary system won&#8217;t change.&#8221;
<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'm worried that the US government debt problem will get so bad that the US will "go broke" and I believe that there are steps we can take to prevent it. I am in the process of completing a comprehensive study about the mechanics of how countries go broke, where the US… <a href="https://t.co/lYzhLpdWMv">pic.twitter.com/lYzhLpdWMv</a>
&mdash; Ray Dalio (@RayDalio) <a href="https://twitter.com/RayDalio/status/1878925239423267311?ref_src=twsrc%5Etfw">January 13, 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/general/social-media/25/01/42965533/elon-musk-emerges-as-potential-tiktok-us-buyer-as-ban-deadline-looms-company-terms-it-pure-fiction">Elon Musk Emerges As Potential TikTok US Buyer As Ban Deadline Looms, Company Terms It &#8216;Pure Fiction&#8217;</a>
Why It Matters: The debt situation has sparked concern among other financial experts. JPMorgan&#8217;s Jack Manley highlighted a &#8220;peculiar chicken-and-egg situation&#8221; where high interest rates, intended to fight inflation, may actually be contributing to economic resilience and <a href="https://www.benzinga.com/news/24/05/38661979/us-pays-2m-interest-per-minute-on-national-debt-funny-peculiar-chicken-and-the-egg-type-situation">continued inflationary pressures</a>.
Dalio suggests that while debt crises can be managed through proper restructuring and monetary policy, they require a careful balance between deflationary measures (debt restructuring) and inflationary approaches (money creation). He emphasized the importance of spreading debt reduction over time rather than attempting dramatic short-term fixes.
The IMF has warned that without significant fiscal adjustments, including spending cuts and increased taxes, the U.S. debt burden could severely impact government budgets and economic growth. The mounting debt has also raised concerns about the dollar&#8217;s status as the world&#8217;s primary reserve currency.
Dalio plans to release additional installments of his study, examining historical patterns and potential solutions for navigating the current debt cycle.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/01/42964291/walmart-refreshes-image-with-new-brand-identity">Walmart Refreshes Image With New Brand Identity</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Ray Dalio Warns US Could 'Go Broke' As Debt Soars, Urges Action To Avert Crisis

Wall Street strategist Tom Lee suggests Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could retreat significantly from recent highs, potentially testing support levels at $70,000 or even the $50,000 range, while maintaining a long-term bullish stance targeting $250,000.
What Happened: Speaking <a href="https://www.youtube.com/watch?v=Dp-fYnv9aTA">on</a> CNBC&#8217;s &#8216;Squawk Box&#8217;, Lee, who serves as Fundstrat Capital&#8216;s Chief Investment Officer, characterized the cryptocurrency&#8217;s recent 15% decline from all-time highs as a &#8220;normal correction&#8221; for a volatile asset. Bitcoin currently trades near $95,000, down about 6.6% over the past month.
The forecast comes amid broader market uncertainty, with U.S. stocks experiencing a 23-day correction period and persistent inflation concerns. Lee emphasized that Bitcoin&#8217;s movements largely track global liquidity conditions, noting the market is still early in its halving cycle.
Crypto skeptic Peter Schiff offered a more bearish perspective on social media platform X, drawing parallels between current Bitcoin enthusiasm and Ethereum&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) previous peak.
&#8220;There was lots of hype around Ethereum in 2021, just as there&#8217;s a lot of hype around Bitcoin now,&#8221; Schiff wrote, highlighting Ethereum&#8217;s 40% decline from its November 2021 high of nearly $5,000 to current levels below $3,000.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In Nov. 2021 <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> almost hit $5K. Today the price is under $3K, a 40% drop in over three years. There was lots of hype around Ethereum in 2021, just as there&#39;s a lot of hype around <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> now. A similar drop in Bitcoin would wipe out almost all of <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a>&#39;s unrealized gains.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1878870442628591961?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962446/bitcoin-ethereum-xrp-dogecoin-reverse-red-monday-on-bullish-trump-news">Bitcoin, Ethereum, XRP, Dogecoin Reverse &#8216;Red Monday&#8217; On Bullish Trump News</a>
Why It Matters: Despite short-term volatility concerns, Lee maintains that Bitcoin&#8217;s current price around $95,000 represents an attractive entry point for long-term investors. &#8220;If you&#8217;re trying to time it, maybe you&#8217;ll get lucky and it will reach $70,000. But to me, Bitcoin could go to $250,000, so $90,000 is still a good entry point,&#8221; Lee said.
The cryptocurrency market&#8217;s movements come as the <a href="https://www.benzinga.com/25/01/42886101/investors-should-expect-no-rate-cuts-in-q1-2025-after-federal-reserves-december-minutes-release-strategist-says">Federal Reserve signals a pause in expected rate cuts</a>, contributing to broader market uncertainty. Lee suggests these macro factors, combined with temporary distortions from natural disasters affecting inflation data, could influence near-term price action across financial markets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962279/trump-could-sign-crypto-related-executive-orders-on-day-1-report">Trump Could Sign Crypto-Related Executive Orders On Day 1: Report</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.

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

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