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The Latest Breaking News from Benzinga

Between Hormuz And the Fed: Gold Smashes $4,200 as Metal Hoarding Returns

Gold is having one of the best days of the year. The yellow metal has decisively broken the $4,200 per ounce barrier, signaling a likely close above the 50-day moving average – a key technical level.

Benzinga

DraftKings Q2 Preview: Stock Slammed by Prediction Markets — Can Earnings Offer Relief?

Sports betting and online gaming giant DraftKings Inc (NASDAQ:DKNG) looks to turn things around when the company reports second-quarter financial results Thursday after market close.

Benzinga

SpaceX's Biggest Victim Yet? Starlink's 55-Year-Old Rival Files for Bankruptcy

SpaceX (NASDAQ:SPCX) has reshaped the satellite and space industry, and its first earnings report since going public highlighted plans to expand that disruption. One early casualty may be Hughes, the satellite internet business owned by EchoStar Corporation (NASDAQ:ECHO), which filed for Chapter 11 bankruptcy ahead of SpaceX’s report.

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Nvidia’s Next AI Gold Rush Is Here, And It Already Controls 92% Of It

Every country trying to escape American AI dominance is buying it wholesale. Nations are pouring billions into sovereign AI — domestic models, local data centers, infrastructure meant to keep sensitive data within their own borders — and nearly all of it runs on chips from one company: Nvidia Corp. (NASDAQ:NVDA).

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Novogratz Calls Aschenbrenner's AI Fund Collapse the 'Most Catastrophic Hedge Fund Blowup of Our Careers'

Galaxy Digital (NASDAQ:GLXY) CEO Mike Novogratz called the implosion of Leopold Aschenbrenner’s Situational Awareness fund “the single greatest, most catastrophic hedge fund blowup of our careers,” while suggesting the forced selling may have marked a bottom for parts of the AI trade.

Benzinga

Uber CEO Says 15-Minute Drone Delivery Will Be A 'Magical Experience'

Autonomous cars continue to dominate conversations around Uber Technologies Inc.‘s (NYSE:UBER) future, but CEO Dara Khosrowshahi says another technology may deliver an even more noticeable upgrade for consumers: drones.

Benzinga

Gold Jumps 4%, Dow Jones Smashes Record Highs: Stock Market Today

Gold ripped 4% higher to $4,233.89 an ounce on Wednesday, its biggest one-day advance since February, as a soft private payrolls report and easing energy costs knocked down the odds of another Federal Reserve rate hike.

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Wall Street's Biggest Hedge Funds Targeted by Hackers in AI Voice Scam

Hackers launched a coordinated wave of attacks against some of Wall Street’s largest hedge funds in recent days, using AI to mimic employees’ voices and trick staff into granting system access, according to a Bloomberg report published Wednesday.

Benzinga

SpaceX Caught in a ‘Capex Tug of War’ — Dan Ives Says Investors Are ‘Buying Musk, Buying the Vision’

One of Wall Street’s most quoted tech analysts, Dan Ives may no longer be issuing price targets in his new role — but he’s still shaping the narrative. His latest focus: SpaceX’s long‑term vision after its first earnings report as a public company.

Benzinga

Michael Kors Parent Warns Middle East Conflict Is Taking a Toll on Luxury Sales

Capri Holdings Ltd. (NYSE:CPRI) stock fell Wednesday after the luxury fashion company lowered its fiscal 2027 revenue forecast, citing inventory shortages at Michael Kors, weaker demand in Europe, the Middle East and Africa (EMEA), and foreign exchange headwinds, even as it reported first-quarter results that topped Wall Street earnings expectations.

Benzinga

Bernie Sanders Says Elon Musk Pays Same Social Security Tax As $184,500 Earner — Lifting The Cap Extends Program 75 Years And Boosts Benefits $2,400

Elon Musk’s fortune recently crossed into territory few people thought possible. Social Security’s finances, meanwhile, are headed in the opposite direction.

Benzinga

Oil Just Lost its Inflation Premium: Here's Who Wins if Prices Stay Low

Oil prices have fallen for a second straight session, extending losses after Treasury Secretary Scott Bessent‘s recent comments and other market developments helped reinforce the view that inflation pressures may continue to ease.

Benzinga

Alphabet Stock Dives as Key AI Leadership Exits

Alphabet Inc (NASDAQ:GOOG) shares are dropping Wednesday after the company’s longtime chief scientist announced he is leaving to launch an AI startup. Here’s what you need to know.

Benzinga

SpaceX Lockup Expiry Could Send a Gentle Jolt Through QQQ, Nasdaq ETFs

Beginning Thursday, the proportion of SpaceX’s (NASDAQ:SPCX) shares available for public trading is set to rise from less than 5% to more than 12%, with more lockup expirations scheduled for Aug 20 and late September. The expanding free float could gradually increase the rocket company’s weight in float-adjusted indexes such…

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Freshpet Short Squeeze - Pet Food Maker Stock Surges After Outlook Bump

Freshpet Inc. (NASDAQ:FRPT) reported better-than-expected second-quarter results Wednesday, as strong volume growth, improved plant leverage and lower input costs lifted sales and margins.

Benzinga

Eli Lilly's Weight-Loss Empire Keeps Expanding As Mounjaro, Zepbound Generate Nearly $15 Billion

Eli Lilly and Co. (NYSE:LLY) stock traded higher Wednesday after the drugmaker reported second-quarter results that topped Wall Street expectations and raised its full-year revenue outlook, driven by continued demand for its diabetes and obesity treatments.

Benzinga

Trump Says Hormuz Deal Could Come Within 48 Hours: Do Prediction Markets Back Him Up?

President Donald Trump said Tuesday night that Strait of Hormuz negotiations are “moving along very nicely” and promised an answer within 48 hours. Traders on Polymarket are pricing a wide gap between hearing an announcement and seeing ships move.

Benzinga

EXCLUSIVE: The Memory Bottleneck Is Set To Persist Until 2028, Expert Says

The artificial intelligence boom has created a strange problem for the memory industry. While companies build more capacity — Samsung Electronics Co. Ltd. (OTC:SSNLF), SK Hynix Inc. (NASDAQ:SKHY) and Micron Technology Inc. (NASDAQ:MU) are all expanding production — the supply relief investors are waiting for may still be almost two…

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eBay Earnings Prediction Market Preview: Will Pokémon and GameStop Be a Topic?

Ryan Cohen has spent the summer pursuing eBay Inc. (NASDAQ:EBAY).

Benzinga

Mike Johnson Calls Allegations Against Max Miller ‘Serious’ but Says House Must ‘Allow This Process to Play Out’ Before Considering Discipline

House Speaker Mike Johnson called the allegations against Rep. Max Miller (R-Ohio) "serious" but said lawmakers should wait for the House Ethics Committee to finish its review before considering discipline.

Benzinga

JPMorgan CEO Jamie Dimon Is Quietly Rallying CEOs to Prepare for AI's Biggest Risks: Report

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon is reportedly urging corporate leaders to join a U.S.-focused industry group aimed at addressing AI-related risks as businesses rapidly adopt artificial intelligence.

Benzinga

SanDisk Options Price 16.1% Swing On Earnings: Here’s What History Shows

SanDisk Corp. (NASDAQ:SNDK) is set to report fiscal fourth-quarter (Q4) 2026 earnings Wednesday after the close, and options markets are pricing an unusually large move for the S&P 500’s best-performing stock of the year.

Benzinga

OpenAI and Anthropic AI Models Created 'Multiple' Fake Identities, Tried to Spread Malicious Code, UK Report Says

Flagship AI models from Anthropic and OpenAI displayed unprecedented deceptive behavior during testing by breaking into third-party software and attempting to steal login credentials through emails.

Benzinga

Elon Musk Says SpaceX Hits $100B 'If We Basically Did Nothing' — 'Nothing' Never Looked So Hard

Space Exploration Technologies Corp. (NASDAQ:SPCX) set one of the boldest financial targets of the earnings season on Tuesday, with CEO Elon Musk telling investors the company expects to reach a $100 billion annual recurring revenue (ARR) run rate by December. Then he added an even bolder qualifier.

Benzinga

Disney Finds Its Magic Again With Streaming Surge and Theme Park Strength

Walt Disney Co. (NYSE:DIS) stock rose in Wednesday premarket trading after the entertainment giant reported fiscal third-quarter 2026 results that topped Wall Street’s earnings expectations, driven by growth in its streaming, parks and entertainment businesses.

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