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The Latest Breaking News from Benzinga

Can Wealth Taxes Work? Norway Shows Some Millionaires Will Leave, But The System Endures

Wealth taxes are a hot topic in policy debates from Europe to the U.S., and Norway offers one of the most instructive examples. The Nordic nation has been taxing personal fortunes since 1892, and while the levy has prompted some millionaires to leave, it continues to generate meaningful revenue and…

Benzinga

Vladimir Putin Said Nothing Could Ban Bitcoin A Year Ago: Here's How Moscow Has Used Crypto Since Then To Overcome US Sanctions

Russian President Vladimir Putin asserted only a year ago that no power can ban Bitcoin (CRYPTO: BTC) regardless of what happens to the dollar. While many saw it as a message to the West on international sanctions, the country has taken targeted steps to open its economy to the world’s…

Benzinga

'Every Game Company' is Doing it? 'Arc Raiders' AI Scandal Explodes, Big Name CEO Suggests Hidden Truth

One should assume "every game company" is using AI, Nexon Co. Ltd. CEO Junghun Lee says. He is asking how companies can survive when “everyone is working with the same or similar technologies," maintaining that “human creativity” distinguishes exceptional games from mediocre ones.

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Trump Stands Firm On Rising Costs Of White House Ballroom Project Amidst Scrutiny, Says 'It Is Under Budget And Ahead of Schedule'

President Donald Trump has staunchly defended the ballooning costs of the White House ballroom project, assuring that the final result will be “much bigger and more beautiful.”

Benzinga

The Home Depot of Beauty: How Ulta Built An $11 Billion Empire By Hiding In Plain Sight

Ulta Beauty (NASDAQ:ULTA) is one of the largest beauty retailers in the country, but it’s far from the flashiest. Tucked into the back corners of strip malls and nestled into small town shopping centers around the country, the retailer has built a 1,500-store, $11 billion empire by being the unassuming…

Benzinga

Kevin Hassett's Fed Chair Momentum Rattles Bond Markets As Donald Trump's Pick Takes Shape

Bond markets are showing signs of unrest as Kevin Hassett, the National Economic Council director, is increasingly being seen as a potential candidate for the Federal Reserve chairmanship.

Benzinga

Jeff Bezos Once Said The Universe Wants You To Be 'Typical,' But There Is A Price To Pay For Being Yourself As Well: 'Not Easy Or Free'

Amazon.com Inc. (NASDAQ:AMZN) founder Jeff Bezos used his final letter to shareholders as chief executive to deliver an unusually personal warning that companies and people only survive if they fight the powerful pull to become "typical."

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Death Threats, Infighting, And A $174K Salary: Why Congress Is Losing Members

The halls of Congress are going to look emptier soon — and not just because lawmakers have been spending fewer days in Washington. A growing number of House members are deciding that the job, despite its $174,000 annual salary and national influence, simply isn't worth the chaos anymore.

Benzinga

Gen Z Is Brilliant Online — So Why Are They Struggling With Basic Money Math?

If you've talked with younger generations lately, you may have noticed something interesting: Gen Z is smart, resourceful (side hustles), and often tech-savvy enough to build an online following before they've even opened a savings account. But when it comes to personal finance, the data shows a surprising — and…

Benzinga

'Stranger Things' Star Millie Bobby Brown, 21, Still Uses Her Parents' Netflix To Save Money Despite Being Worth $20M. 'I'm Still a Child in My Eyes'

Millie Bobby Brown may be one of Netflix's biggest stars, but she isn't rushing to open her own Netflix account. Instead, the 21-year-old "Stranger Things" actress still logs in using her parents' credentials — a financial strategy more relatable than telekinesis.

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NBA Star Tristan Thompson Foresees Sports Gambling New Normal Taking Over Soon: 'This is Going to Happen'

Prediction markets are poised to transform how fans engage with professional sports, according to NBA champion Tristan Thompson. He believes real-time odds and fan sentiment will soon become as commonplace on broadcasts as social media integration is today.

Benzinga

Consumer Tech News (Dec 1-5): Trump Says He's Back in Elon Musk's Social Circle, U.S. Suspends China MSS Sanctions & More

President Donald Trump has said that he gets along well with Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk when being asked if he is back again in his social circle following the pair’s falling out earlier this year.

Benzinga

Elon Musk Slams EU Over $140 Million X Fine, Top US Official Says Europe Can't 'Undermine' America While Relying On NATO Protection

Tensions between Washington and Brussels escalated after a senior U.S. diplomat accused the European Union of weakening America while relying on U.S. protection through NATO.

Benzinga

Her Late Husband Was A 'Mattress Saver' For 25 Years And Left Her $100,000. Now She's Afraid The IRS Will Come Knocking If She Deposits It

An 82-year-old widow from Atlanta called into “The Ramsey Show” with an unusual dilemma: she has more than $100,000 in cash that her husband had quietly stashed away over the course of 25 years. Now she's worried that putting the money in the bank might bring trouble.

Benzinga

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Elon Musk Calls Cybertruck Tesla's 'Best Ever' — But Sales Say Otherwise

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has touted the company's controversial Cybertruck as the best-ever Tesla, but the sales data tells a different story about the Cybertruck's successes (or lack thereof).

Benzinga

Dave Ramsey Says He'd Ride A Bicycle Before Getting A 'Freaking Car Payment Again,' Tells A Caller To Take The Bus Instead Of Buying A Car

A recent episode of “The Ramsey Show” featured back-to-back discussions about car debt, prompting personal finance expert Dave Ramsey and co-host Jade Warshaw to double down on their anti-loan message. One caller, Jay from Portland, Oregon, set the tone with a dilemma involving a dream job, a 70-mile commute, and…

Benzinga

Weekend Round-Up: Ford's Support For CAFE Rollback, BYD's Milestone, GM CEO's Credit For Musk And More

This week has been a rollercoaster ride in the world of automotives and technology. From Ford’s CEO hailing Trump’s CAFE rollback to BYD hitting another million-unit milestone, there’s a lot to catch up on.

Benzinga

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

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Apple Chip Chief Considers Exit, Tim Cook's AI Reset And More: This Week In Appleverse

It was a week of significant developments for Apple Inc. (NASDAQ:AAPL) and its rivals. The potential departure of a top executive, a strategic reset, a key legal appointment, and a foldable phone war were among the major stories.

Benzinga

Trump Considers Australian Retirement Plan, Musk Predicts AI-Driven Unemployment And More: This Week In Economy

As the week comes to a close, let’s look back at the top stories that emerged over the past few days. From Trump’s contemplation of the Australian retirement system to Elon Musk’s predictions about AI-driven unemployment, here’s a recap of the week’s most significant stories.

Benzinga

Clinton Slams Trump On Ukraine, Cuban Blasts Politicians Over Obamacare And More: This Week In Politics

As the week unfolded, the political world witnessed some major developments. Here’s a quick recap of the top stories that made headlines.

Benzinga

Coinbase Says Crypto Market Poised For Recovery As Liquidity Improves, AI Bubble Concerns Pass

The cryptocurrency market is showing signs of a potential recovery, according to Coinbase Institutional, driven by improved liquidity and a strong possibility of a Federal Reserve rate cut.

Benzinga

Former Amazon Studios Head Reportedly Has Warning On Netflix-WBD Deal: 'Hollywood Will Become A System That Circles A Single Sun'

Roy Price, the former head of Amazon Studios and the chief executive of the studio International Art Machine, on Saturday warned that the Netflix Inc. (NASDAQ:NFLX) and Warner Bros. Discovery Inc. (NASDAQ:WBD) deal could have dire consequences for Hollywood.

Benzinga

Peter Schiff Says Gold Has Outperformed Equities By More Than Two Times In Nearly 6 Decades: 'The Good News Is…'

Economist Peter Schiff has pointed out that gold has significantly outperformed equities over nearly 60 years, despite the Dow Jones surging nearly 50 times since 1966.

Benzinga

Dave Ramsey Warns Online Sports Gambling Is 'Fastest Growing Addiction In America, Faster Than…'

Financial guru Dave Ramsey is sounding the alarm on the growing epidemic of online sports gambling among college-age men, calling it more destructive than drugs.

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