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The Latest Breaking News from Benzinga

The Biggest Winner Inside Tesla's Earnings Wasn't Tesla—It Was SpaceX

Tesla Inc. (NASDAQ:TSLA) reported stronger second-quarter earnings on Wednesday, but one of the biggest contributors to its profit wasn’t higher vehicle sales, energy storage or services. It was Space Exploration Technologies Corp. (NASDAQ:SPCX).

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Jensen Huang Backs 'Excellent' Chinese AI Models, Tells Washington to Ditch 'Science Fiction' Fears: 'Misunderstood The Impact of Kimi'

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang said the U.S. should embrace, not ban, China’s AI models, arguing that high-quality open-source technology should be used rather than feared.

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'There Are Dozens of Us Left,' Analyst Says as Bitcoin Social Interest Crashes to 2018 Levels

Bitcoin (CRYPTO: BTC) social interest has crashed to 2018 levels, with crypto analyst Benjamin Cowen saying the apathy in the market right now matches that bear market almost exactly.

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Tesla’s Hidden Growth Machine Just Surged 50%—And it Isn't Cars, Batteries or Robotaxis

Tesla Inc. (NASDAQ:TSLA) spent much of its second-quarter update talking about Cybercab production, Robotaxi expansion and artificial intelligence. But the company’s fastest-growing business wasn’t any of those.

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Google’s Most Profitable Quarter Ever Ended With Negative Cash: One Number Explains It

Alphabet Inc. (NASDAQ:GOOGL) delivered the most profitable quarter in its history. It also delivered something it had never delivered before: negative free cash flow.

Benzinga

Rand Paul Warns US Is 'Worse Off' Nearly Five Months Into Iran War As Hormuz Snags Spike Energy Prices: 'By Any Objective Measure…'

Sen. Rand Paul (R-Ky.) said the United States is "worse off" nearly five months after President Donald Trump launched the Iran war, pointing to an increasingly militarized Strait of Hormuz, rising energy prices and the failure to convert battlefield gains into a lasting agreement.

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Three US Airports Are Ditching Federal TSA Screeners for Private Contractors— and the Union Is Furious: 'A Step Backwards'

Tampa International, Des Moines International and Charleston International will become the first U.S. airports to join the Transportation Security Administration’s new Gold+ private-screening model, drawing fierce opposition from the union representing federal airport screeners.

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US Probes Whether Russia Helped Iran Target CIA Facilities With Advanced Drone Technology: Report

U.S. intelligence is reportedly investigating whether Russia provided Iran with targeting intelligence or advanced drone technology following Iranian drone attacks on CIA facilities in the Gulf.

Benzinga

NYC Mayor Zohran Mamdani Taps Amazon and Meta Antitrust Foe Lina Khan for Key Economic Role as Wall Street Watches for a Regulatory Shift

New York City Mayor Zohran Mamdani (D) appointed former Federal Trade Commission Chair Lina Khan to lead the board of the city’s Economic Development Corporation, placing one of Big Tech’s fiercest critics at the center of his economic agenda.

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Mohamed El-Erian Warns Higher Oil, 'Massive Bond Issuance' Are Driving Global Yield Surge Ahead Of Fed Meeting

Economist Mohamed El-Erian has warned that surging global yields are being actively driven higher by energy costs and “massive bond issuance ahead,” coming just ahead of next week’s Federal Reserve meeting, where market participants expect benchmark interest rates to remain unchanged for now.

Benzinga

Trump Is Expanding a Pledge That Could Stop AI Data Centers From Hiking Your Electricity Bill— Here's Who Just Signed On

The White House is expanding its voluntary Ratepayer Protection Pledge for AI data centers, adding nearly 200 utilities, governors, electricity cooperatives, public power providers and developers to the initiative, according to a White House official who confirmed the move to The Hill on Wednesday after The Wall Street Journal first…

Benzinga

Paramount Skydance Wins EU Approval for Warner Bros. Discovery Deal After Offering This Key Concession— but US Hurdles Loom

Paramount Skydance Corp. (NASDAQ:PSKY) has secured European Union antitrust approval for its $110 billion acquisition of Warner Bros. Discovery (NASDAQ:WBD) after agreeing to end its film distribution joint venture with Universal Pictures.

Benzinga

Trump's Golden Dome, B-21 Bombers, New Submarines and More Win Funding as House Narrowly Approves $1.15 Trillion Defense Package

The House narrowly passed a nearly $1.15 trillion National Defense Authorization Act (NDAA) in a 216-212 vote, approving billions in funding amid escalating military spending and the war in Iran.

Benzinga

Alphabet Raises AI Spending But Still Can't Meet Demand: 'We're Still in a Supply Constraint Environment'

(Editor’s note: Alphabet’s share moves were updated under Price Action.)

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Sundar Pichai Just Said Something About Google’s Gemini 4—and Sam Altman, Elon Musk Should Care

Google parent Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) CEO Sundar Pichai made one of his boldest comments yet about the company’s AI ambitions during Wednesday’s earnings call, saying the company has already begun its “most ambitious pretraining run yet” for Gemini 4.

Benzinga

Stock Market Today: Dow, Nasdaq 100, S&P 500 Futures Slip As GOOGL, Elon Musk's TSLA Drag After Q2 Earnings—Intel, ServiceNow, Quantumscape in Focus (UPDATED)

(Editor’s note: The ETFs and economic data were updated.)

Benzinga

Elon Musk Says Customers Aren’t Just Buying Teslas—They’re 'Actually Buying...'

Tesla Inc. (NASDAQ:TSLA) reported its second-quarter results after the market closed on Wednesday, with Model Y emerging as the top-selling vehicle globally.

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Intel CFO David Zinsner Said Supply Would Improve 'Through the Rest of the Year' — Q2 Earnings Will Test That

Intel Corp (NASDAQ:INTC) reports second-quarter financial results Thursday after the closing bell, with investors expected to look for updates on whether the company has started easing the supply constraints that executives said limited revenue in the first quarter.

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Elon Musk Says Tesla's Spending Spree Is the 'Fastest Industrial Scale-Up Since World War II' as 2026 Shapes Up To Be a 'Massive CapEx Year'

Tesla Inc. (NASDAQ:TSLA) is increasing its capital and operating expenditure to achieve the most rapid industrial expansion in the U.S. since World War II, as revealed by CEO Elon Musk and CFO Vaibhav Taneja.

Benzinga

IBM's Q2 Deal Slippage Is a 'Temporary Speed Bump,' Says Michael Lee as CEO Arvind Krishna Says Delayed Deals Are Closing

While International Business Machines Corp. (NYSE:IBM) reported a second-quarter revenue shortfall due to delayed software agreements, market experts and company executives remain optimistic about the long-term outlook.

Benzinga

Elizabeth Warren Says Updated Crypto Bill 'Does Nothing' to Stop Trump From 'Cashing in on His Presidency', Wants It Dead on Arrival

Sen. Elizabeth Warren (D-Mass.) stated on Wednesday that the revised Clarity Act is insufficient in addressing President Donald Trump’s cryptocurrency profiteering.

Benzinga

Cathie Wood Bets Big on SpaceX Even as Elon Musk Warns Short Sellers — Ark Keeps Dumping Robinhood Shares

Ark Invest, led by Cathie Wood, made significant trades on Wednesday, involving Space Exploration Technologies Corp (NASDAQ:SPCX) and Robinhood Markets Inc (NASDAQ:HOOD).

Benzinga

Gene Munster Raises Odds of Tesla-SpaceX Tie-Up After Elon Musk Says 'There's More and More Overlap'

Tesla Inc.’s (NASDAQ:TSLA) latest earnings call made Deepwater Asset Management‘s Gene Munster even more bullish on a future combination with Space Exploration Technologies Corp. (NASDAQ:SPCX), prompting him to raise his bets to 90%.

Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Flat Despite Crypto Bill Getting Ethics Provisions: Analyst Highlights Level to 'Watch' for BTC

Leading cryptocurrencies flatlined on Wednesday as investors weighed the implications of the Clarity Act and rising geopolitical tensions in the Middle East.

Benzinga

Google-Parent Alphabet, Tesla, ServiceNow, IBM and Texas Instruments: Why These 5 Stocks are on Investors' Radars Today

Major U.S. indices ended Wednesday in the red with the Dow Jones Industrial Average marginally down at 0.01% at 52,218.58, the S&P 500 down 0.14% at 7,498.96, and Nasdaq declining 0.57% to 25,690.90.

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