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The Latest Breaking News from Benzinga

Trump-Backed World Liberty Financial Received $100 Million Investment From Money Laundering Suspect: Report

Trump family-backed World Liberty Financial reportedly received a $100 million investment from Guren “Bobby” Zhou, a businessman currently under investigation for allegations of money laundering.

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Ross Gerber Cites Data to Make a Point: Take Out Alphabet and Amazon, S&P 500 Earnings Growth Looks Far Less Impressive

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN) are responsible for a large share of the S&P 500’s second-quarter earnings growth, a concentration highlighted by investor Ross Gerber using FactSet (NYSE:FDS) data.

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Elon Musk Says Starlink Will Be in Every Car, Calls It the ‘Only Way’ To Connect Billions of Vehicles

Space Exploration Technologies Corp. (NASDAQ:SPCX) and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk says all cars will eventually feature Starlink connectivity, arguing satellite internet could provide high-bandwidth connectivity to billions of vehicles.

Benzinga

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Analyst Warns Iran’s Push for ‘Concessions’ Puts Hormuz Agreement at Risk, Says Gas Prices Could Rise Again—Expects US Oil Reserves to Stay Above 275 Million Barrels

GasBuddy analyst Patrick De Haan has warned that Iran’s demands for concessions from the U.S. over the Strait of Hormuz‘s reopening risk sending oil and gas prices climbing again as tensions continue between Washington and Tehran.

Benzinga

Trump Is Becoming Jimmy Carter, Says Chris Christie: 'Held Hostage by Iran' and 'It Was All Voluntary'

Former Gov. Chris Christie (R-N.J.) said President Donald Trump is becoming like former President Jimmy Carter as Iran gains leverage over the Strait of Hormuz, arguing the situation has left the president and global economy vulnerable.

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Trump’s Team Used Taylor Swift’s Songs Despite Her Stance — Now Her Music Is Disappearing From Campaign, White House Videos

Taylor Swift’s music has appeared in multiple videos posted by President Donald Trump’s campaign and the White House, despite her past criticism of Trump and endorsement of Kamala Harris. Some of the songs have now been removed from the posts.

Benzinga

Starlink 'Unbelievable Juggernaut Cash Machine,' Says VC David Friedberg; SpaceX CEO Elon Musk Responds With $1 Trillion+ Annual Revenue Projection

Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk believes Starlink could become a massive business, with AI and robotics driving bandwidth demand and potentially pushing annual revenue above $1 trillion.

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Anthony Scaramucci Claps Back at Anti-Crypto Activist's Comments Linking Clarity Act Failure to Trump's 'Corruption' — 'Nothing Stops Bitcoin'

SkyBridge Capital founder Anthony Scaramucci hit back on Sunday at actor-turned-cryptocurrency critic Ben McKenzie for celebrating the CLARITY Act’s Senate defeat, saying nothing can stop Bitcoin (CRYPTO: BTC).

Benzinga

Bitcoin Gains, Ethereum, XRP, Dogecoin Slide as US-Iran Standoff Continues: Analyst Says BTC 'Ready for a Breakout' to $73,000

Leading cryptocurrencies fell alongside stock futures on Sunday evening as investors weighed U.S.-Iran diplomatic efforts to reach a peace agreement.

Benzinga

Iran Links Hormuz Reopening to US Meeting Its Demands: Dow Futures Fall 127 Points, Brent Above $84

Iran said an agreement with Oman on new shipping lanes through the Strait of Hormuz is in its "final stages," but Tehran reiterated that the strategic waterway will not reopen unless the U.S. meets several conditions.

Benzinga

Iran Reportedly Refutes Direct Negotiations With US Over Strait Of Hormuz Despite Washington’s Assertion That Deal Is Near

Iran on Sunday reportedly denied engaging in direct discussions with the United States regarding the reopening of the Strait of Hormuz. This comes amid U.S. assertions that a deal is nearing completion.

Benzinga

Trump's Top Options to End the US-Iran War

The US-Iran war continues, with many experts warning that President Donald Trump is trapped with no end in sight.

Benzinga

US-China AI War: Inside the Battle for Global Tech Dominance

The world’s two largest economies are locked in a fierce competition to win the global AI race.

Benzinga

Consumer Tech (Aug 3-7): SpaceX Released Strong First Earnings, Meta Sued For Harming Children's Mental Health & More

President Donald Trump said on Friday that data centers could eventually become a bigger industry than oil, calling them significant for the U.S. economy.

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Michael Saylor Predicts Bitcoin Will Gain 30% Annually for 20 Years

Strategy (NASDAQ:MSTR) Executive Chairman Michael Saylor says artificial intelligence helped the world’s largest corporate Bitcoin (CRYPTO: BTC) holder solve a financing problem that traditional Wall Street structures could not.

Benzinga

This Week in Tesla: TSLA Participates in Gavin Newsom's Program, Trump's EV Remarks and More

The past week was filled with intriguing developments for Elon Musk and Tesla Inc. (NASDAQ:TSLA). From a growing battery business to President Donald Trump‘s remarks on electric vehicles, there was no shortage of news. Here’s a quick round-up of the top stories.

Benzinga

Weekend Round-Up: Uber's Earnings Dip, Ford's New EV, Lyft's Mixed Results, Joby Aviation's Revenue Surge And Lucid's Q2 Miss

This week was a rollercoaster ride for the market, with major companies like Uber Technologies, Ford Motor, Lyft, Joby Aviation and Lucid Group making headlines. From earnings misses to new product launches, here’s a quick recap of the top stories.

Benzinga

Weekend Round-Up: Palantir's 'Otherworldly' Q2, SpaceX's First Quarterly Earnings, AMD's Double Beat And More

This week was a rollercoaster ride for the market, with several major companies reporting their quarterly earnings.

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news in one place.

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Benzinga

Earnings Volatility Watch: Applied Materials and 10 Other Stocks Could See Double-Digit Moves This Week

It is a make-or-break week for the AI trade. After the market shrugged off strong results from Advanced Micro Devices Inc. (NASDAQ:AMD), SanDisk Corp. (NASDAQ:SNDK) and Western Digital Corp. (NASDAQ:WDC) last week, a smaller but no less volatile group of names takes the spotlight between Monday and Friday.

Benzinga

Copper Signals Economic Boom, US Debt Nears $40 Trillion, Trump's $2 Billion Pledge to Cut China Reliance and More: This Week in Economy

As the week comes to a close, here’s a look at the top economic stories that shaped the week.

Benzinga

SpaceX's Share Lock-Up Expires, and This Former Engineer Says He'll Sell SPCX ‘a Little Bit More’

Space Exploration Technologies Corp. (NASDAQ:SPCX) unlocked about 911 million shares previously subject to lock-up restrictions this week, expanding its tradable share count by more than 140% as the newly public company faces intense scrutiny over its valuation and spending plans. The first major unlock came days after SpaceX reported its…

Benzinga

Kevin O’Leary Bets Millions on Rare Sports Cards, Calls Them a ‘Legitimate Alternative Asset Class’ That Can Beat Stocks, Gold and Crypto

Investor and television personality Kevin O’Leary bet millions of dollars on rare sports cards, arguing that select collectibles could serve as a long-term alternative investment alongside traditional assets.

Benzinga

Chuck Schumer Blasts Senate GOP After Todd Blanche Confirmed as Attorney General, Warns of ‘Pervasive Corruption’

Senate Minority Leader Chuck Schumer sharply criticized Senate Republicans after they confirmed Todd Blanche, President Donald Trump’s former personal attorney, as U.S. attorney general.

Benzinga

Kamala Harris Sounds Alarm on Voting Restrictions Ahead of November: ‘They’re Scared of You’

Former Vice President Kamala Harris warned that voting rights face growing challenges ahead of the November election, urging Americans to check their registration and turn out in large numbers.

Benzinga

Senate Advances CLARITY Act, Sets Up Crypto Vote After August Recess

Senate Majority Leader John Thune filed to advance the CLARITY Act on Saturday, setting up a key procedural vote when the Senate returns from its August recess in September.

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