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The Latest Breaking News from Benzinga

Trump Administration To Propose Loosening Major Fuel Economy Standards: Report

The Trump administration, on Wednesday, is reportedly planning to propose a significant relaxation of the fuel economy standards set by the previous Biden administration.

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Elizabeth Warren Has A Prophecy About The 2026 Tax Season, Says Demise Of Direct File Means 'Huge Profits' For Some And Americans Getting Ripped Off

Sen. Elizabeth Warren (D-Mass.) on Tuesday blasted expected price hikes from tax-prep giants TurboTax and HR Block, blaming Trump administration policies that killed the IRS's free Direct File system and layered on new Republican tax breaks that make filing more complicated for millions of Americans.

Benzinga

Trump Says He And Musk 'Get Along Well,' Credits Him For Help During Election: 'I Like Elon A Lot'

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.

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Ross Gerber Replaces Bitcoin With Gold In Michael Saylor's Strategy To Make A Point: 'This Actually Costs Money And Destroys Value'

Renowned investor Ross Gerber made a thinly veiled jibe at Strategy Inc.'s (NASDAQ:MSTR) model of holding Bitcoin (CRYPTO: BTC) on Tuesday, proposing a similar company focused on purchasing and storing gold.

Benzinga

Kevin O'Leary Says He Likes To Bet On Crypto As Well As The Underlying Infrastructure: 'Why Wouldn't You Own The Entity That Mines Bitcoin?'

Kevin O’Leary, renowned investor and “Shark Tank” star, highlighted the significance of investing not only in cryptocurrencies like Bitcoin (CRYPTO: BTC) but also in the underlying infrastructure that powers them.

Benzinga

Scott Bessent, Ted Cruz Hail $1,000 Trump Accounts For Kids: 'This Will Transform America'

President Donald Trump has launched "Trump Accounts," providing every eligible newborn in the U.S. with a $1,000 government-funded savings account to jumpstart their financial future.

Benzinga

Martin Shkreli Warns Elizabeth Warren And Zohran Mamdani Policies Would Make US Stock Returns Resemble France, Japan's Dismal Performance

While comparing U.S. equity market returns over the past 35 years with those of France and Japan, investor Martin Shkreli issued a sharp warning regarding the growing influence of progressive lawmakers on the nation’s economy.

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Jim Cramer Mocks IREN's Dilution As Unnecessary, While Bulls Jackson, Boloor Hail 'Carvana-Style' Balance Sheet Cleanup

IREN Ltd.'s (NASDAQ:IREN) announcement of a massive $2 billion convertible note offering triggered a fierce debate among high-profile market commentators. While CNBC's Jim Cramer ridiculed the financing as unwanted dilution, prominent tech investors are defending the move as a strategic “masterstroke” essential for long-term survival.

Benzinga

Mike Pompeo Warns America's Standing On World Stage Will Be Impacted For Decades If Russia Gains Upper Hand In Ukraine Peace Talks

Former Secretary of State Mike Pompeo warned on Tuesday that the way Washington handles peace talks between Russia and Ukraine could shape U.S. power and alliances for decades, cautioning that a deal seen as a win for Moscow would badly damage American interests.

Benzinga

Ross Gerber Predicts Advancements At Tesla, Waymo Will Save 'Meaningful Amount' Of Lives: 'Exciting Times'

Ross Gerber, co-founder of investment firm Gerber Kawasaki, says that autonomous driving could save lives with the progress in the sector reported by Alphabet Inc.'s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo, as well as Tesla Inc. (NASDAQ:TSLA).

Benzinga

Amazon-Backed Anthropic Moves Closer To One Of The Largest Tech IPOs Ever, Taps Wilson Sonsini As It Sets Eyes On Over $300 Billion Valuation: Report

Anthropic, backed by Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Amazon.com (NASDAQ:AMZN), has reportedly begun laying the legal and financial groundwork for what could become one of the biggest tech IPOs in history as it races OpenAI toward the public markets.

Benzinga

What Sparked NextNRG (NXXT) Over 23% After‑Hours Surge?

NextNRG Inc. (NASDAQ:NXXT) shares jumped 23.59% in after-hours trading on Tuesday to $1.52 following news of a partnership with Florida International University to launch a large-scale wireless electric vehicle charging network.

Benzinga

Zohran Mamdani Says Starbucks CEO Brian Niccol Made $95 Million Last Year, While His Workers Struggle For The 'Bare Minimum'

New York City Mayor-elect Zohran Mamdani used a Starbucks Corp. (NASDAQ:SBUX) pay fight to draw a sharp contrast between executive wealth and barista wages this week, pointing to CEO Brian Niccol's nearly $95 million payday as workers strike for a first union contract and more predictable hours.

Benzinga

Sean Duffy Says DOT Working To Deliver Revamped Air Traffic Control System, Reiterates Dressing Up For Travel — Gavin Newsom Responds

Transportation Secretary Sean Duffy said that the Department of Transportation (DOT) has kicked off the process to revamp the U.S.'s aging air traffic control technology.

Benzinga

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Gavin Newsom Torches Trump With Viral Clip Alleging He Fell Asleep In Cabinet Meeting As Aides Praised His Leadership On Ukraine

Gov. Gavin Newsom (D-Calif.) escalated a growing debate over President Donald Trump's stamina and age by sharing a video that appeared to show the president drifting off during a lengthy White House cabinet meeting.

Benzinga

Eric Trump Says He's Not Selling As American Bitcoin Shares Crash 38%: 'Fundamentals Are Virtually Unmatched'

American Bitcoin Corp. (NASDAQ:ABTC) shares modestly recovered in Tuesday’s after-hours trading following a sharp drop triggered by the expiration of the lockup period for investors, including co-founder Eric Trump.

Benzinga

YouTube Has A 'Disappointing Update': The Alphabet Platform Will Log Out Millions Of Teens In This Country Next Week

On Tuesday, YouTube, the platform owned by Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, said anyone in Australia under 16 will be automatically signed out of their accounts on Dec. 10 as the Social Media Minimum Age Act takes effect.

Benzinga

Palantir Is The 'Most Dangerous Corporation' In America, Says Clinton-Era Official: It Is Building The Infrastructure Of 'The Police State'

Economist Robert Reich issued a stark warning on Palantir Technologies Inc. (NASDAQ:PLTR), calling the Silicon Valley giant a growing threat to civil liberties as it continues to expand within the federal government.

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Jeff Bezos, Mark Zuckerberg And Elon Musk Got Richer Since Trump Came To Power, Says Bernie Sanders — New Data Shows He May Have A Point

On Tuesday, Sen. Bernie Sanders (I-Vt.) criticized billionaires' surging wealth amid rising financial strain for U.S. households.

Benzinga

Pete Hegseth 'Didn't Stick Around' To Watch Second Drug-Boat Strike, Says He Couldn't See Survivors In 'Fog Of War'

Defense Secretary Pete Hegseth said on Tuesday he did not "stick around" to watch a controversial second U.S. strike on a suspected drug-smuggling boat in the Caribbean, even as lawmakers and legal experts intensify scrutiny of the deadly operation.

Benzinga

Bitcoin Reclaims $92,000 Level; Ethereum, XRP, Dogecoin Also Gain: Analytics Firm Says Retail Crowd Has Moved From Fear To Greed

Leading cryptocurrencies recovered alongside stocks on Tuesday, as investors bought the latest dip.

Benzinga

Chuck Schumer Says The Only 'Hoax' Is Trump's Repeated Lies About The Economy Amid Soaring Grocery, Housing And Utility Prices: 'We All Feel The Pain'

Senate Minority Leader Chuck Schumer (D-N.Y.) slammed President Donald Trump’s latest claims regarding the economy amid soaring prices of key essentials under his administration.

Benzinga

Cathie Wood's Bold Coinbase Bet Grows Despite Bitcoin Volatility, Ark Amps Up Bet On Peter Thiel-Backed Bullish

Cathie Wood‘s Ark Invest added to its position in Coinbase Global Inc (NASDAQ:COIN), Bullish (NYSE:BLSH), and Shopify Inc. (NASDAQ:SHOP) on Tuesday, leaning further into crypto-exposed names even as recent weakness in Bitcoin (CRYPTO: BTC) has pressured digital asset stocks and stirred valuation concerns around the leading U.S. crypto exchange.

Benzinga

Marvell Technology, CrowdStrike, Boeing, Intel And Pure Storage: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. stock indices finished higher on Tuesday, with the Dow Jones Industrial Average up nearly 0.4% at 47,474.46, the SP 500 gaining 0.25% to 6,829.37, and the Nasdaq advancing almost 0.6% to 23,413.67.

Benzinga

AI Takes Over? 'Final Fantasy' Maker's Bold—and Risky—Reboot Signals New Era For Video Games: 'An Extremely Difficult Decision'

"Final Fantasy" maker Square Enix Holdings Co. Ltd. announced cutting jobs while unveiling plans to integrate generative artificial intelligence across its game development process.

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