Happy Thursday, Zingers! With IRS funding up in the air, I’d like to petition to change the proverbial “two certainties in life” from “death and taxes” to “death and someone making more than I will in three years on a meme coin I’ve never heard of.”

If you, too, haven’t heard, there’s an altcoin President Joe Biden called Jeo Boden. Pseudonymous X user Barkery has been posting about their journey with the coin. They bought in for a few hundred bucks. Their investment is now worth more than $300K.

Making a small fortune on a coin named after the president? Sounds like the American Dream to me.

Today’s Price Action:

$SPY: +.99%
$QQQ: +1.52%
$DIA: +.33%

Also, looking to earn some extra money on the side without getting a new job? Check out today’s partner.

And, did someone forward you this email? Click here to subscribe to this Benzinga newsletter and more.

TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

Rivian’s Stock Driving Higher On New Vehicle Release

Briefly: Rivian's highly anticipated R2 SUV could help the company better compete with electric vehicle giant Tesla, thanks to a new price point.

So Basically: The R2 was officially unveiled Thursday. Rivian founder and CEO RJ Scaringe said the company thinks of “our kids' kids' kids” when building out technology and vehicles.

So Then: Scaringe highlighted the size, functions and capabilities of the R2. In particular, the R2’s starting price will be $45,000.

So What? The price, range and performance could make the R2 a strong competitor to the Model Y, though the vehicle will be joining the market years after Tesla's head start. Rivian’s stock closed up more than 13% on the news, trading around $12.50 a share.

What Next: Reservations for the vehicle open Thursday.

Click here to read more.

PRESENTED BY FINANCE BUZZ

6 Odd (But Effective) Things To Do If You Need Help Paying Rent

When rent is due on the first of the month, it can be a stressful moment for millions of Americans. Things aren't getting any easier either with soaring inflation, a pending recession, and stratospheric interest rates all happening at the same time.

If you’re struggling financially, you’re not alone. Here are 6 weird (but totally normal) things you can do right now that could help with paying your rent on time.

FIVE MOVERS

Gap shares are trading higher after the retailer reported stronger-than-expected earnings this afternoon.

Costco stock, on the other hand, traded lower after the company missed revenue estimates, although the wholesale giant beat on EPS.

Meta shares closed higher today after a House panel passed a bill that could ban TikTok.

MindMed shares shot up more than 50% in today’s session following strong results from an LSD trial.

BigBear.ai shares took a big hit after reporting worse-than-expected earnings in today’s after-hours session.

ONE TRADE IDEA FOR TOMORROW

Gold Shines Bright: 7 Mining Stocks To Watch With The Ore At Record Highs

Briefly: You know what they say: Make new friends, but keep the old. One is an AI-driven semiconductor stock, and the other is, well, gold.

What Happened: NVIDIA and its peers, as represented by the iShares Semiconductor ETF, didn’t lead the pack in the first week of March. Instead, an old-economy asset proved it’s still king of the hill.

Specifically: Gold hit a new all-time high as Federal Reserve Chair Jerome Powell testified before Congress. Powell said he still expects rate cuts this year, but maintained a data-driven approach.

Why It’s Happening: The traditional safe haven asset’s rally may be being driven by the Fed’s ongoing caution or uncertainty regarding geopolitical conflicts.

Why It Matters: The precious metal surged past $2,160 per troy ounce this week, marking eight straight sessions of gains. If you missed that rally, don’t worry. It wouldn’t be a gold rush if we didn’t mention the pick-and-shovel play.

Click here to check out 7 mining stocks to watch.

PRESENTED BY FINANCE BUZZ

10 Legit Ways To Make Extra Cash This Week

Having a little bit of extra cash padding feels good … secure … and safe.

But finding ways to get extra cash (that are actually worth your time) can be challenging. That’s why we came up with a curated list of the best side hustles you can do right now — that still work in 2024!

Start your next side hustle now and starting getting some more cash this week!