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The Latest Breaking News from Benzinga

Bitcoin's Biggest Rival Isn't Ethereum. It's the AI Trade

Bitcoin’s biggest rival for investor attention may no longer be Ethereum (CRYPTO: ETH) or any other cryptocurrency.

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Nvidia Isn't the AI Bottleneck Anymore: These 5 Utility Stocks Are the New Trade

The biggest constraint on artificial intelligence may no longer be chips. It may be electricity.

Benzinga

Pete Hegseth Says Congress Could Pay ‘No Greater Tribute’ to Lindsey Graham Than Approving Pentagon’s Historic $1.5 Trillion Military Budget

Defense Secretary Pete Hegseth urged Congress to approve the Pentagon’s proposed $1.5 trillion fiscal 2027 budget on Monday, arguing that fully funding it would be the greatest tribute lawmakers could pay to the late Sen. Lindsey Graham as Joint Base Charleston was renamed in his honor.

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Rand Paul Inspects Fort Knox Gold, Says Dollar’s 97% Collapse Since 1913 Is Behind America’s 'Affordability' Crisis: 'The Real Point Is...'

Sen. Rand Paul (R-Ky.) toured Fort Knox to inspect the gold reserves on Monday, voicing concerns over the diminishing purchasing power of the dollar.

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Scott Bessent Tells Robert Reich 'McDonald's Problem Is Called Burger King, Professor' Amid Clash Over the 'K-Shaped' Economy: 'No Wonder Bill Clinton...'

Treasury Secretary Scott Bessent criticized Economist Robert Reich‘s analysis, arguing that McDonald’s Corporation (NYSE:MCD) issues are not due to structural inequality but rather competition from rivals like Burger King, whose parent company is Restaurant Brands International Inc. (NYSE:QSR).

Benzinga

Meta, TikTok, Google and Snap Just Lost a Major Court Battle— and Must Face More Than 3,000 Lawsuits Over Addictive Platforms Targeting Young Users

A U.S. appeals court has given the green light for thousands of lawsuits against leading social media companies Meta Platforms (NASDAQ:META), Alphabet’s Google (NASDAQ:GOOGL) (NASDAQ:GOOG), ByteDance’s TikTok, and Snap Inc’s Snapchat (NYSE:SNAP).

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Mayor Mamdani Sent 17,000 Tax Notices For His NYC Luxury Property Surcharge— Now a Judge Has Temporarily Blocked the Rollout Because of One Issue

New York City’s attempt to identify properties subject to its new pied-à-terre tax has triggered a lawsuit and temporary court block, with homeowners arguing that the city is incorrectly targeting properties held through trusts and limited liability companies.

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Gavin Newsom Launches AI Cyber Defense Program: ‘AI-Enabled Cybersecurity Threats Are No Longer Hypothetical’

Gov. Gavin Newsom (D-Calif.) on Monday launched what California calls a first-in-the-nation AI Cyber Defense Program to use artificial intelligence to strengthen protections for critical infrastructure and essential services.

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Anthropic's Claude Just Got a Hidden Watermark That Follows Your AI-Written Text Everywhere You Paste It

Anthropic is embedding "imperceptible" machine-readable watermarks directly into text generated by new Claude models, making copied AI output easier to trace as schools, publishers and other organizations grapple with undisclosed machine-written content.

Benzinga

Chuck Schumer Calls Trump’s Vaccine Remarks ‘Ramblings:’ ‘No Parent Should Listen to Him’

Senate Minority Leader Chuck Schumer (D-N.Y.) criticized President Donald Trump’s latest vaccine remarks, warning parents against following advice he said could undermine confidence in childhood immunizations.

Benzinga

Trump Media Holds a Massive Bitcoin Stash, But It’s Also Sitting on Millions of Dollars Worth of This Coin

Trump Media & Technology Group Corp. (NASDAQ:DJT) holds a substantial amount of Cronos (CRYPTO: CRO) tokens on its balance sheet, according to the company’s second-quarter earnings released on Monday.

Benzinga

Rocket Lab CEO Sees AI Data Centers Moving Into Space as Computing Demand Explodes: ‘Real Opportunity’ (UPDATED)

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

Benzinga

Stock Market Today: Dow, S&P 500, Nasdaq 100 Futures Rise as Trump Demands Compensation From Iran— Rocket Lab, ASTS SpaceMobile, Plug Power in Focus (UPDATED)

(Editor’s note: The headline and lede were updated; ETFs and futures data were updated to their latest moves and economic data was added.)

Benzinga

Former Air Force Secretary Vows Legal War After Pentagon Yanks Security Clearance Over Trump's Qatari Jet Leak: 'You Stand Up to Bullies...'

Former Air Force Secretary Frank Kendall said he will sue the Trump administration to restore his security clearance after the Pentagon revoked it over allegations that he disclosed sensitive information about the Qatari-gifted Boeing 747 now serving as Air Force One.

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Stock Market: Will S&P 500 Open Up or Down Today?

The S&P 500 ended Monday almost unchanged as investors weighed renewed uncertainty around U.S.-Iran negotiations against hopes that the Strait of Hormuz could eventually reopen. With key inflation data due this week, Polymarket traders are leaning toward another positive open Tuesday.

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Kevin O’Leary Says ‘Show Me the Power’ as America’s Power Crunch Creates Major Investment Opportunity Amid AI Boom

Investor Kevin O’Leary said America’s growing power constraints could create a lucrative investment opportunity as artificial intelligence, data centers and cloud computing drive electricity demand higher.

Benzinga

US Judge Calls DOJ’s Decision to Drop Charges Against India’s Richest Man ‘Concerning’ as Court Dismisses Bribery Case

On Monday, a U.S. judge dismissed criminal charges against India’s richest man, Gautam Adani, but questioned the unusual process through which the Justice Department decided to abandon the high-profile bribery and fraud case.

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Trump Says He Has 'Not Spoken' to Todd Blanche or Jeanine Pirro About Charging Fauci After Fifth Amendment Showdown With Senate Republicans

President Donald Trump said he has not asked Attorney General Todd Blanche or Washington U.S. Attorney Jeanine Pirro to prosecute Dr. Anthony Fauci, distancing himself from a criminal contempt push that Senate Republicans have sent to the Justice Department.

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Trump Secretly Switched From Air Force One Via Catering Truck Amid Iranian Threat: Report

President Donald Trump reportedly switched from Air Force One to a smaller aircraft when departing Ankara last month amid a credible Iranian assassination threat during the North Atlantic Treaty Organization (NATO) summit.

Benzinga

Peter Schiff Slams Trump’s $100K Truth Social Early-Access Deal Despite Voting for Him: '… Makes My Criticism More Credible'

On Monday, economist Peter Schiff criticized President Donald Trump’s Truth Social early-access service, arguing that selling faster access to potentially market-moving presidential posts is hardly standard practice.

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Trump Extends Jones Act Waiver Again— GasBuddy Analyst Patrick De Haan Says That Could 'Soften the Blow' of Hormuz Chaos

President Donald Trump has extended a waiver that permits foreign-flagged ships to transport commodities between U.S. ports for 90 days.

Benzinga

SpaceX Pre-IPO Fraud: SEC Charges Adit Ventures Over Alleged Misconduct — CEO Eric Munson Rejects Allegations 'Completely’

The Securities and Exchange Commission Monday charged Adit Ventures Management LLC, CEO Eric Munson, and three affiliated general partners with defrauding investors through pre-IPO investments, including Space Exploration Technologies Corp. (NASDAQ:SPCX) and Klarna Group PLC (NYSE:KLAR).

Benzinga

John Bolton Warns 'It’s a Mistake to Walk Away' From Iran War: Cannot Reward Tehran With 'Hegemony' Over Hormuz Strait

Former U.S. National Security Adviser John Bolton warned President Donald Trump against easing pressure on Iran, arguing that the U.S. should capitalize on damage inflicted on Tehran rather than allow it to gain political leverage over the Strait of Hormuz.

Benzinga

Anthony Pompliano Says He's Betting on the Stupidity of Governments: 'If They Keep Printing Money, Bitcoin Will Go Up'

Anthony Pompliano, CEO of Professional Capital Management, expressed confidence on Monday that Bitcoin (CRYPTO: BTC) would perform well over the long term if authorities continue printing money.

Benzinga

Elizabeth Warren Blasts ‘Trump Math’ as Oil Giants That Put $5 Million Into His Inauguration Fund See '$23 Billion in Excess War Profits’

Sen. Elizabeth Warren (D-Mass.) on Monday slammed Donald Trump, accusing the President of helping oil companies report windfall profits amid the war with Iran.

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