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The Latest Breaking News from Benzinga

Charlie Kirk Shooting Suspect Tyler Robinson’s Lawyers Fight Death Penalty, Say 'the Bullets Traveled Above, Not Through, the Crowd'

Tyler Robinson’s defense team challenged prosecutors’ push for the death penalty, arguing the alleged shooter targeted only conservative activist Charlie Kirk and did not endanger other attendees at the Utah Valley University event.

Benzinga

The Hulk Fame Mark Ruffalo Slams Jamie Dimon Over Paramount-Warner Merger, Blames Ellison-Trump 'Cozy Relationship' for Deal Not Being Stopped

On Wednesday, Mark Ruffalo criticized Paramount Skydance Corp (NASDAQ:PSKY) CEO David Ellison’s proposed Warner Bros. Discovery, Inc. (NASDAQ:WBD) takeover, throwing his support behind California Attorney General Rob Bonta as the $110 billion deal faces mounting pressure.

Benzinga

John Fetterman Says He Won’t Help Democrats Defeat Dave McCormick in 2030: ‘I Would Never, Ever Move Against…’

Sen. John Fetterman (D-Pa.) said he will not campaign against Sen. Dave McCormick (R-Pa.) if McCormick seeks reelection in 2030, underscoring the unusually close relationship between the two Pennsylvania senators.

Benzinga

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Elon Musk's Tesla Weighs $10.1 Billion Solar Plant, Chamath Palihapitiya Calls It a Bet on Nuclear: Here's Why

Venture capitalist Chamath Palihapitiya said Wednesday that Tesla Inc.‘s (NASDAQ:TSLA) expansion into solar manufacturing was essentially a bet on nuclear power, as the automaker weighs a $10.1 billion solar cell plant in Texas.

Benzinga

Virgin Galactic Sees a Massive Opportunity in Doubling Its Fleet, But There’s a Catch

Virgin Galactic Holdings Inc. (NYSE:SPCE) touted a path to nearly $1 billion in annual revenue as it scales its fleet and launch cadence. However, CEO Michael Colglazier has warned the task may not be as easy as it looks.

Benzinga

MyPillow Founder Mike Lindell Refuses to Concede Minnesota GOP Primary Loss as Lisa Demuth Celebrates Victory

MyPillow founder Mike Lindell refused to concede his Minnesota Republican gubernatorial primary loss to state House Speaker Lisa Demuth (R-Minn.), questioning the vote count despite her decisive lead.

Benzinga

Trump Says Karoline Leavitt Will Leave White House to Focus on Family but Remain ‘One of My Top Outside Advisors’

President Donald Trump said White House Press Secretary Karoline Leavitt will leave the administration at the end of August to focus on her young family but remain closely involved as an outside adviser and influential Republican voice ahead of the midterms.

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Trump Says US Has ‘Total Control’ of Strait of Hormuz, Iran’s PGSA Says Waterway Remains 'Blocked'

The Persian Gulf Strait Authority (PGSA) pushed back against President Donald Trump‘s claims that the U.S. was in control of the Strait of Hormuz, saying that the waterway remains closed.

Benzinga

Bernie Sanders Slammed Google Co-Founder for Spending Millions to Stop California's Billionaire Tax Proposal—Crypto Punters Weigh Passage Odds

Cryptocurrency bookmakers slightly raised odds that California’s one-time billionaire wealth tax will pass in this year’s general election.

Benzinga

Kevin Warsh's Fed Faces Split Verdict on Inflation Data: Sahm Notes 'Good News,' Schiff Says Calls Out 'Misleading' CPI Rise

July’s consumer price index (CPI) report drew conflicting interpretations from economists on Wednesday, as the same data was read as a sign of disinflation, a case against current Fed policy, and grounds to question the numbers themselves.

Benzinga

Big Pharma's Future Growth Rests on Chinese Science? Expert Says: 'We Can't Ban Our Way Out of This'

China has pulled ahead of the United States in clinical drug development and supply chain, two of six domains measured in a June Cure Innovation Index survey, even as Big Pharma signs billion-dollar deals for Chinese-developed medicines.

Benzinga

‘The Big Short’ Investor Michael Burry Says Stock Market’s Unusually Long Stretch Without a Broad Selloff Could Be a Warning Sign — And He Has One Simple Message for Investors: ‘Avoid the Leverage’ (UPDATED)

Editor’s Note: The story has been refreshed with the latest market price action and a revised headline.

Benzinga

Trump Sued Over Paid Access to Truth Social Posts as Media Groups Seek to Shut Down President's Market-Moving Content: 'Scheme is Profoundly Corrupt'

Donald Trump is facing a federal lawsuit from two media organizations seeking to stop his company from selling paying customers faster access to his Truth Social posts.

Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Slide Even as CPI Figures Ease Rate Hike Odds: Analyst Says BTC 'Displaying a Condition' Associated With Market Bottoms

Leading cryptocurrencies fell, even as stocks rallied on Wednesday as investors weighed the latest consumer inflation numbers that came in line with expectations.

Benzinga

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Cisco, SpaceX, Cerebras, Infleqtion and Coherent: Why These 5 Stocks Are on Investors' Radars Today

Major U.S. indices closed mixed on Wednesday, with the Dow Jones Industrial Average slipping 0.04% to 53,770.27, while the S&P 500 gained 0.26% to 7,748.50 and the Nasdaq advanced 0.54% to 26,588.48

Benzinga

Congressman Violates Stock Act: Reports 22 Trades After Deadline, Including Some Nearly Two Years Old

When members of Congress buy or sell stocks, any trades reported after the 45‑day disclosure window violate the STOCK Act and tend to draw heightened scrutiny from retail investors. One congressman recently disclosed 32 trades, with 22 filed past the deadline.

Benzinga

How Bad Is Inflation? White House Press Secretary Gets Community Note for Downplaying Impact

When it comes to inflation data, the numbers can be misleading or easily framed in a more positive or negative light for anyone who doesn’t fully understand them. That’s exactly what the White House learned this week when a post about Karoline Leavitt’s affordability comments drew a community note on…

Benzinga

Nate Silver's New Election Model Makes Democrats Favorites to Flip Senate—Prediction Markets Aren't so Sure

Nate Silver‘s new midterm model launched Tuesday with a striking call: Democrats are 57.3% favorites to win the Senate, a chamber where they need a net gain of four seats against a 53-47 Republican majority.

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Uber Sells Serve Robotics Stake, Catches Company Off Guard: ‘Differing Views’ Sour Partnership

Serve Robotics (NASDAQ:SERV) investors were already nursing loss after disappointing quarterly financial results. Another blow came days later when long0time Uber Technologies (NYSE:UBER) dumped its entire stake in the autonomous delivery robot company.

Benzinga

SK Hynix, Samsung Stocks Rally as Singapore State Fund Adds Stakes on Memory Giants

A sovereign wealth fund may be preparing to buy two memory stocks, and Wall Street immediately treated it as a sector-wide signal.

Benzinga

Tesla, Palantir Fall as CPI Sends September Fed Hike Odds to 33%

Tesla Inc. (NASDAQ:TSLA) and Palantir Technologies Inc. (NASDAQ:PLTR) fell Wednesday even as a benign July inflation report lifted the broader tech market and sent the odds of a September Federal Reserve rate hike to 33%.

Benzinga

Walmart Could Return to Its Beat-And-Raise Playbook This Quarter, Analyst Says

Walmart Inc. (NASDAQ:WMT) is scheduled to release its fiscal 2027 second-quarter earnings results on Aug. 20 before the market opens, with Bank of America Securities analyst Christopher Nardone expecting the retail giant could return to a beat-and-raise cycle despite signs of softer spending among lower-income consumers.

Benzinga

Target’s Comeback Is Real, But Its Stock May Have Run Too Far: Analyst

Target Corporation (NYSE:TGT) is showing encouraging signs that its turnaround is gaining traction, but Bank of America remains cautious heading into the retailer’s fiscal second-quarter earnings report next week.

Benzinga

GLP-1s Are Rewriting America’s Menu — Performance Food Group Spots A Big Protein Shift

Performance Food Group Co. (NYSE:PFGC) stock fell Wednesday after the company reported weaker-than-expected fiscal fourth-quarter results and issued first-quarter sales guidance below Wall Street estimates.

Benzinga

SpaceX Stock Surges Past $135 IPO Price: What's Going On?

Space Exploration Technologies Corp (NASDAQ:SPCX) shares are trading higher on Wednesday. CEO Elon Musk told employees the company’s Starlink service has passed 13 million consumer subscribers and 22 million monthly Starlink Mobile users.

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