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The Latest Breaking News from Benzinga

Home Depot Customers Make Fewer Trips but Spend More

The Home Depot Inc. (NYSE:HD) reported fiscal second-quarter 2026 revenue and adjusted earnings that beat analyst estimates, helped by steady demand for smaller home improvement projects and higher average order values.

Benzinga

Baidu’s AI Pivot Hits the Gas, but Its Advertising Cash Cow Is Losing Steam

Baidu Inc. (NASDAQ:BIDU) stock fell Tuesday after the company reported second-quarter 2026 revenue and adjusted earnings that missed analyst estimates.

Benzinga

The S&P 500 Has a 5% Problem And It Could Decide What Happens Next

The stock market may have found an unlikely ally: a valuation model that failed investors for decades.

Benzinga

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NKE Stock Has Crashed Nearly 80% From Its 2021 Peak — Wall Street Warns of ‘Stage 4’ Breakdown (UPDATED)

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

Benzinga

Apple’s Foldable iPhone is an ‘Underappreciated’ Opportunity That Could Send AAPL Stock Soaring, Says Analyst — 14 Million Units Seen Selling by 2027

Apple Inc. (NASDAQ:AAPL) is expected to make a significant entry into the foldable phone market, which could potentially cause a considerable surge in its shares, as per Rothschild & Co.

Benzinga

Costco Is Getting Into Medicare — Here’s What Its New Health Insurance Plans Could Mean for Seniors

Costco Wholesale Corporation (NASDAQ:COST) is preparing to enter the Medicare insurance market through a partnership with nonprofit insurer SCAN Group.

Benzinga

GOP Rep. Don Bacon Says Trump Set ‘False Expectations’ on Iran War, Cites Gas Prices and Weapons Shortage: ‘He Was Being Honest’

Rep. Don Bacon (R-NE) thinks that President Donald Trump should’ve acknowledged the impact the Iran war could have on U.S. domestic energy costs and other factors earlier in the campaign.

Benzinga

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Trump AG Todd Blanche Says Congress Already Authorized White House Ballroom as Supreme Court Fight Intensifies

Attorney General Todd Blanche says the Trump administration believes Congress has already authorized construction of President Donald Trump’s White House ballroom, even as a federal appeals court has ordered above-ground ballroom construction halted unless the Supreme Court intervenes.

Benzinga

Trump-Backed World Liberty Partners With Platform Offering Chinese AI Models Flagged by US: Report

World Liberty Financial (CRYPTO: WLFI), the crypto venture backed by President Donald Trump and his family, is collaborating with Hong Kong-based WorldClaw, a platform that offers access to 90 AI models, including 43 from Chinese companies that have drawn scrutiny from the Trump administration over national-security and intellectual-property concerns.

Benzinga

Former Tesla President Says Roadster Demo Could Be a ‘Not-So-Hidden Attempt’ to Knit TSLA and SPCX Together: ‘Probably Sooner Rather Than Later’

Jon McNeill, the former Tesla Inc. (NASDAQ:TSLA) President of Global Sales and Service, has said that the upcoming Roadster demonstration could be more than a product reveal, arguing the Space Exploration Technologies Corp. (NASDAQ:SPCX)-powered sports car may signal deeper convergence between Elon Musk’s two biggest companies.

Benzinga

Elissa Slotkin Calls Shrinking Middle Class an ‘Existential Threat,’ Warns Americans Working 40 Hours a Week Are ‘Not Getting Ahead’

Sen. Elissa Slotkin (D-Mich.) warned that the shrinking American middle class threatens the ability of workers to get ahead and could fundamentally change what freedom means for future generations.

Benzinga

Elizabeth Warren Targets Defense Contractors’ $100 Billion Shareholder Payouts: ‘This Needs to Stop’

Sen. Elizabeth Warren (D-Mass) said defense contractors should stop buybacks and dividends, after the five largest U.S. defense firms spent more than $100 billion on shareholder payouts since 2020.

Benzinga

Trump Energy Secretary Chris Wright Says Clean Energy Policies Are ‘At Least as Responsible’ for High Prices as Iran War—Touts Texas Oil Boom

President Donald Trump‘s Energy Secretary, Chris Wright, says former President Joe Biden-era Clean Energy policies also share some blame for the high fuel prices at the pump amid ongoing tensions with Iran.

Benzinga

Stock Market Today: Dow Jones, S&P 500, Nasdaq 100 Futures Fall as Trump Rejects Extending Ceasefire With Iran—Home Depot, Super League, Flexsteel in Focus (UPDATED)

Editor’s note: The ETFs data was updated and economic data was added

Benzinga

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Benzinga

China Slashes US Treasury Holdings to 18-Year Low as 30-Year Treasury Yield Hits 19-Year High

China has drastically cut down its U.S. Treasury holdings, reaching a nearly 18-year low in June, as 30-year Treasury yields jumped to 5.31%, the highest since June 2007.

Benzinga

Cathie Wood Endorses ‘Best Way’ to Invest in This Crypto Cycle: ‘Get as Close to the End User as Possible’

Ark Invest CEO Cathie Wood endorsed on Monday a detailed analysis by her colleague on where value is actually being captured in the cryptocurrency market.

Benzinga

Paramount Demands Up to $1.9 Billion Bond From 12 States, WGA as Warner Bros. Deal Faces Costly Delays

Paramount Skydance Corp. (NASDAQ:PSKY) has asked a federal judge to require California Attorney General Rob Bonta and 11 other state attorneys general challenging its Warner Bros. Discovery (NASDAQ:WBD) deal to post a $1.88 billion bond.

Benzinga

US, Canada Trade Officials Mull Cutting Tariffs on Auto Sector: Report

U.S. and Canadian trade negotiators are reportedly working to enact potential cuts to President Donald Trump‘s automotive tariffs ahead of an upcoming deadline on Wednesday, Aug. 19.

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Benzinga

California’s Billionaire Tax Wins Support From Nearly 50% of Voters as November Vote Nears: Poll

California voters are narrowly backing a proposed one-time tax on certain taxpayers with assets over $1 billion, according to a new Berkeley IGS poll released Friday.

Benzinga

RTX’s Raytheon Lands $22.9 Billion Tomahawk Deal as US Rushes to Rebuild Missile Stockpiles Depleted by Iran War

The U.S. Navy on Monday awarded RTX Corp.’s (NYSE:RTX) Raytheon a $22.9 billion, seven-year contract to dramatically expand Tomahawk missile production as the Pentagon races to rebuild precision-weapon stockpiles depleted by the Iran war and other global commitments.

Benzinga

Google Plans to Pull All Pixel Production Out of China by 2027 Amid US-China Tensions: Report

Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google is reportedly relocating all production of its Pixel products from China by 2027, amid growing tensions between Washington and Beijing.

Benzinga

Gavin Newsom Touts Rideshare Drivers Union in California, Praises Push to Represent Uber, Lyft Drivers — Slams Trump for Attacking ‘Workers’ Rights’

Gov. Gavin Newsom (D-CA) has hailed the Service Employees International Union (SEIU) and California Gig Workers Union’s (CGWU) move to represent drivers working with ride-hailing companies Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT).

Benzinga

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

U.S. stock futures trended lower early Tuesday as Wall Street digested heightened geopolitical risks in the Middle East and evaluated equity valuations against rising bond yields.

Benzinga

Marjorie Taylor Greene Says Congress Knows Who Is Driving Up Drug Prices, Urges Lawmakers to Stop 'Fighting Like Drunk Football Fans'

On Monday, former Rep. Marjorie Taylor Greene (R-Ga.) backed Mark Cuban’s criticism of pharmacy benefit managers, arguing that lawmakers know about the drug-pricing problem but have failed to pursue meaningful bipartisan reforms.

Benzinga

Trump Calls USS Abraham Lincoln Conditions Reports ‘Fake,’ Says Carrier Is ‘Beautifully Maintained and Beautifully Taken Care Of’

President Donald Trump dismissed reports of deteriorating conditions aboard the USS Abraham Lincoln as "fake" on Monday, saying people on the carrier describe it as "beautifully maintained and beautifully taken care of" despite scrutiny over its extended deployment.

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