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The Latest Breaking News from Benzinga

Elizabeth Warren Revives Billionaire Wealth Tax Call— This Time to Fix Child Care Costs So It's 'A Right, Not Just a Privilege'

Sen. Elizabeth Warren (D-Mass.) said the United States does not invest enough in child care, arguing that taxing ultra-millionaires and billionaires could help make child care more affordable while increasing pay for child care workers.

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JPMorgan Says Fed Chair Kevin Warsh's Shaky Press Conference Could Force a Rate Hike Before Year-End: 'The Market Didn't Like What It Heard...'

JPMorgan economists criticized Fed Chair Kevin Warsh’s recent FOMC performance, saying a lack of forward guidance and shifting inflation targets created uncertainty and destabilized bond markets.

Benzinga

Chuck Schumer Calls Trump 'The Most Corrupt President' Over Truth Social's $100,000-a-Month Early-Access Feed: 'If This Were the CEO Of...'

Senate Minority Leader Chuck Schumer (D-N.Y.) criticized President Donald Trump over claims that trading firms are paying for early access to his Truth Social posts, arguing that similar conduct by a private company executive could trigger serious legal consequences.

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Will Elon Musk's Bullish Starlink Bet Help SPCX Recover? Billionaire Charts Ambitious Connectivity Plan Ahead of SpaceX Earnings

Space Exploration Technologies Corp. (NASDAQ:SPCX) is doubling down on its satellite connectivity goals as the Elon Musk-led company is preparing to launch its second-generation Direct-to-Device (D2D) service in the third quarter of 2027, according to filings with the Canadian government on Monday.

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David Friedberg Says Mamdani's City-Owned Grocery Stores Will Beat Whole Foods and Safeway— Then Comes the Part That Should Worry Everyone: 'Because the Bill Doesn't...'

Venture capitalist David Friedberg pushed back against critics who believe New York City Mayor Zohran Mamdani’s proposed city-owned grocery stores are destined to fail, arguing the program could become highly popular before its long-term costs emerge.

Benzinga

Trump Administration Hit With Lawsuit Over Giving Feds Access to Millions of Welfare Recipients’ Social Security Numbers: 'Gross Breach of Personal Privacy'

More than 20 states and Washington, D.C., sued the Trump administration on Monday to block a policy that could give federal authorities access to Social Security numbers, immigration status and other personal information belonging to millions of welfare recipients.

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Stock Market Today: S&P 500, Dow and Nasdaq Futures Gain as Scott Bessent Says Hormuz Deal Could Come Soon— Caterpiller, Palantir in Focus (UPDATED)

(Editor’s note: The headline, lede and ETFs, stocks and futures data have been updated.)

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Mark Cuban Turned to Grok to Test Zohran Mamdani's City-Owned Grocery Plan for NYC— and He Got a Rough Verdict

Billionaire investor Mark Cuban turned to AI chatbot Grok on Monday to test the economics behind New York City Mayor Zohran Mamdani‘s proposal for city-owned grocery stores, asking whether the concept could break even after estimating store margins and operating costs.

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Snap CEO Says Only 3% of Snapchat Users Pay for Subscriptions— He Thinks That's Actually Good News

Snap Inc. (NYSE:SNAP) CEO Evan Spiegel said the company’s subscription business has significant untapped potential, adding that it has only begun to capitalize on the opportunity.

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Alex Karp Rips Frontier AI Labs for 'Marxist Overtones' After Palantir's Blowout Earnings— Says They Want to 'Colonize Your Enterprise'

Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp reiterated on Monday that he believes AI frontier labs are not trustworthy enough for enterprise use.

Benzinga

ON Semiconductor's CEO Says AI Demand Got Priority Over Automotive Customers— and Wall Street Loved It as Stock Jumps 7% in Premarket Tuesday

ON Semiconductor Corp. (NASDAQ:ON) said surging demand from artificial intelligence data centers prompted the company to prioritize shipments to that market over automotive and industrial customers during the second quarter, as AI infrastructure demand rapidly reshapes the semiconductor industry.

Benzinga

Amazon CEO Andy Jassy's AI Spending Pitch Won Wall Street Over, Jim Cramer Says— While Meta and Alphabet Are Still Struggling to Explain Theirs: 'The Same Numbers...'

CNBC’s Jim Cramer said Monday that Amazon.Com Inc (NASDAQ:AMZN) CEO Andy Jassy’s explanation of the company’s artificial intelligence (AI) spending during its latest earnings call changed how Wall Street views Big Tech’s multibillion-dollar AI investments.

Benzinga

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

The S&P 500 (NYSE:SPY) surged on Monday as easing geopolitical tensions, falling oil prices and renewed strength in megacap technology stocks fueled a broad market rally. Polymarket traders are now betting the benchmark index will build on those gains at Tuesday’s open.

Benzinga

Trump Reportedly Warns Max Miller That ‘Things Aren’t Looking Good’— Even After Publicly Calling the Embattled Ohio Republican 'A Good Person'

President Donald Trump reportedly warned Rep. Max Miller (R-Ohio) on Monday that "things aren’t looking good" for his reelection campaign, even after publicly calling Miller "a good person" as he faces domestic abuse allegations he denies.

Benzinga

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Coinbase CEO Brian Armstrong Urges Senate to Pass CLARITY Act, Says 'Whether People Love Crypto Or Hate It,' 70% of Americans Want Clear Rules: 'This Is About...'

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong urged lawmakers to support the CLARITY Act, arguing that clearer cryptocurrency regulations would protect consumers, strengthen U.S. oversight and help America maintain its leadership in financial technology.

Benzinga

A Coalition of 25 Democratic States Sues Trump, Says His New Tariffs Are the Same Illegal Ones in Disguise: 'Trying Yet Again to Inflict...'

A coalition of 25 Democratic-led U.S. states sued the Trump administration, arguing that the latest tariffs on imports from 60 trading partners unlawfully exceed the president’s authority to impose import taxes.

Benzinga

Chris Christie Warns GOP Could Distance From Trump Ahead of 2026 Midterms: They'll Treat Him 'Like He Has Malaria'

Former Gov. Chris Christie (R-N.J.) warned that President Donald Trump’s declining approval ratings could push Republican candidates in competitive races to distance themselves from him ahead of the 2026 midterm elections.

Benzinga

Chuck Schumer Says Iran War a 'Gift' to Trump's 'Big Oil' Friends Who Bankrolled His Campaign: 'One Promise He Actually Delivered On' (CORRECTED)

Editor’s Note: The headline of this story has been updated to correct an error in the original version.

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Trump Says Jeanine Pirro 'Folded Like an Umbrella' in Lincoln Memorial Vandalism Case: 'The Judge Was Really Vicious'

President Donald Trump criticized U.S. Attorney Jeanine Pirro after she dismissed vandalism charges against U.S. Olympian David Hearn, arguing she backed down because of pressure from the judge overseeing the case.

Benzinga

Elon Musk Says Zohran Mamdani Is a 'Thief' and a 'Liar' Over City-Owned Grocery Stores: 'AI & Robots Will Actually Deliver' Free Goods and Services

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk slammed New York City Mayor Zohran Mamdani‘s plan to run city-owned grocery stores across the Big Apple’s five boroughs on Monday, reaffirming his prediction that robots and artificial intelligence (AI) will provide free goods and services.

Benzinga

Palantir Stock Soars Nearly 15% After Hours as Company 'Smoked Expectations' on Earnings, but Jim Cramer Questions if 'Old Days' Still Viable

On Monday, Palantir Technologies, Inc. (NASDAQ:PLTR) shares surged nearly 15% in after-hours trading as Wall Street commentators praised the AI software company’s blowout second-quarter results and raised outlook.

Benzinga

Elizabeth Warren Accuses Senate GOP Of Shielding Trump Family From Tax Audits: 'Republicans Are Caving On A Deal'

Sen. Elizabeth Warren (D-Mass.) on Monday accused Senate Republicans of preserving tax audit protections for President Donald Trump and his family after reaching a deal with the Justice Department to rescind a $1.8 billion “anti-weaponization” fund.

Benzinga

Bitcoin, Dogecoin Gain; Ethereum, XRP Slide Amid Trump's Latest Warning to Iran: Analyst Says BTC 'Bottom' Not Yet Confirmed

Leading cryptocurrencies lacked momentum on Monday as traders balanced geopolitical risk from Iran against selling pressure from large corporate Bitcoin treasuries.

Benzinga

Trump Calls Iran Deal a ‘Last Chance’ as Tehran Denies Talks; Dow Futures Gain 95 Points, Oil Prices Climb Above $80

Late Monday, U.S. stock futures moved modestly higher while oil prices held above $80 as President Donald Trump said negotiations with Iran were underway, despite Tehran’s denial that any talks had been scheduled.

Benzinga

Jim Cramer Called the Situational Awareness Blowup a 'Clearing Event:' Is That Why SNDK, NBIS Bounced?

Jim Cramer called the forced liquidation of Situational Awareness a "clearing event" that could mark a bottom for battered AI stocks.

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