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The Latest Breaking News from Benzinga

Jared Kushner's Brother Is Poised to Lead a $20 Billion FIFA World Cup Venture That Has UEFA Furious: 'None of Us Are the Owners of Football...'

FIFA’s plan to build a $20 billion commercial company around the World Cup has pulled the Kushner family into a political controversy, with Joshua Kushner’s Thrive Eternal expected to lead a private investor group and UEFA warning that football’s "soul and governance" are not for sale.

Benzinga

Bernie Sanders Says '60% of Our People Live Paycheck to Paycheck,' Pushes Back on Trump's 'Amazing Economy' Claim: 'God Help Us'

Sen. Bernie Sanders (I-Vt.) pushed back against President Donald Trump’s optimistic assessment of the U.S. economy, arguing that millions of Americans continue to struggle with rising living costs, inadequate health coverage and housing insecurity.

Benzinga

Meta CEO Mark Zuckerberg Says Chinese AI Model Ban Not an 'Effective Solution', Calls for Fewer Barriers: 'There's...This Question of Regulatory Capture'

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg said the U.S. should not block Chinese AI models to gain a competitive edge, warning that regulations pushed by leading American AI labs could stifle domestic competition.

Benzinga

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Trump Questioned Netanyahu’s Iran Warnings Before Their White House Sit-Down, but Israeli PM Emerged Praising an ‘Excellent’ Meeting

President Donald Trump questioned Israeli Prime Minister Benjamin Netanyahu’s warnings about Iran hours before their White House meeting Tuesday, but Netanyahu emerged from the 90-minute talks describing an "excellent" discussion grounded in "full partnership" and "mutual support."

Benzinga

Anthony Scaramucci Slams Trump's GOP Influence, Says 'It's All About Me' Even After Presidency

Former White House communications director Anthony Scaramucci criticized President Donald Trump’s influence over the Republican Party, arguing that Trump’s focus on personal legacy could outweigh concerns about the party’s future.

Benzinga

Peter Schiff Says the AI Bubble Has 'a Lot More Air' Left to Come Out Amid SPCX Decline

Economist Peter Schiff has reaffirmed his view that the U.S. stock market is in the midst of an artificial intelligence-induced bubble, as Elon Musk-led Space Exploration Technologies Corp. (NASDAQ:SPCX) continues its downward trend.

Benzinga

KOSPI Sinks Over 12% in Worst Two-Day Drop Ever as AI Chip Sell-Off Deepens After SK Hynix Misses Expectations

South Korea’s benchmark KOSPI index plummeted another nearly 6% on Wednesday, extending a brutal semiconductor sector selloff that was aided by SK Hynix Inc.‘s (NASDAQ:SKHY) profit miss, despite record-breaking second-quarter financial results. The index has slipped over 33% in July and posted the worst two-day fall in history.

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Mark Cuban Says Nvidia Is the IPO 'Funding Everyone and Anyone,' but AI Financing Isn't Bulletproof: 'One Breakthrough... Could Crumble It'

Billionaire investor Mark Cuban on Tuesday compared Nvidia Corp.‘s (NASDAQ:NVDA) role in the artificial intelligence boom to the IPO frenzy of the dot-com era, warning that a single breakthrough by a rival chipmaker or a misstep “could crumble” the market.

Benzinga

Trump Admits His New Tariffs Achieve the Same Goal as the Ones the Supreme Court Struck Down— Just 'A Harder Way'

President Donald Trump said that his administration’s newly imposed U.S. tariffs are effectively the same as the tariffs the Supreme Court ruled illegal earlier this year.

Benzinga

Michael Burry Warns Nvidia's 'Overreaching' Is Pushing Circular Spending to 'Biblical Proportions' Amid Surge in Credit Default Swaps

‘Big Short’ investor Michael Burry is sounding the alarm on Nvidia Corp. (NASDAQ:NVDA), claiming the AI giant’s strategic financial “overreaching” has escalated its “circular spending” to “biblical proportions,” which he argues is driving a massive spike in the company’s credit default swap risks.

Benzinga

Chuck Schumer Says Trump Instead of Standing With Ukraine 'Tried and Failed' to Pander to Russia

Senate Minority Leader Chuck Schumer (D-N.Y.) criticized President Donald Trump’s approach toward Russia as lawmakers prepared to vote on new sanctions aimed at weakening Moscow’s ability to sustain its war against Ukraine.

Benzinga

Bernie Sanders Asks Elon Musk to Back a 5% Wealth Tax if He Truly Believes 'Money Won't Matter' in 2036

Sen. Bernie Sanders (I-Vt.) on Tuesday challenged Elon Musk to support a 5% tax on billionaires’ wealth if the Tesla Inc. (NASDAQ:TSLA) and Space Exploration Technologies Corp (NASDAQ:SPCX) CEO truly believed “money won’t matter” in 2036.

Benzinga

Betting Against Elon Musk's SpaceX Has Cleared More Than $7 Billion, Says Research Firm

Amidst the AI-induced boom and fears of a bubble, short-sellers identified an opportunity to bet against the rally. However, betting against Elon Musk-led commercial space flight giant Space Exploration Technologies Corp. (NASDAQ:SPCX) has turned out to be particularly profitable.

Benzinga

Mike Johnson’s Defense of Failed Congressional Stock Trading Ban Challenged by Thomas Massie: 'Political Gimmick' With a 'Poison Pill'

Rep. Thomas Massie (R-Ky.) criticized Speaker Mike Johnson’s (R-La.) attack on Democrats over a failed House vote, arguing Republican leadership could have banned congressional stock trading immediately without tying it to a voter ID provision.

Benzinga

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Benzinga

Trump Administration Bans New Chinese AI Robots and Power Inverters Over National Security Fears: 'These Devices Could Create Supply Chain Vulnerabilities'

The Federal Communications Commission’s latest restrictions target emerging Chinese technologies that U.S. officials say could threaten America’s AI infrastructure, critical supply chains and cybersecurity.

Benzinga

Trump 'Exploiting' Crypto's Legal Loopholes and Enforcement Weakness, Says Richard Blumenthal: Demands First Family Divest All Digital Assets

Sen. Richard Blumenthal (D-Conn.) on Tuesday accused President Donald Trump of exploiting cryptocurrency regulatory gaps, arguing the Clarity Act in the current form does not do enough to prevent abuses.

Benzinga

Cathie Wood Bets Big on Nvidia Stock: Ark Buys $15.6 Million Worth of Shares as Jim Cramer Calls Chip 'Absurd' — Ark Loads Up on SpaceX, Tesla

On Tuesday, Cathie Wood’s Ark Invest stayed active in a volatile tech tape, adding to several headline growth names while trimming others. The most notable move was another broad push into SpaceX (NASDAQ:SPCX), followed by sizable trades in Tesla Inc. (NASDAQ:TSLA), Nvidia Corp. (NASDAQ:NVDA), Amazon.com Inc. (NASDAQ:AMZN) and Alphabet Inc.…

Benzinga

SK Hynix Stock Dips 2% in Wednesday Premarket After Profit Miss as Jim Cramer Calls the Results Not That 'Bad' (UPDATED)

(Editor’s note: This story and its headline have been updated to reflect SKHY’s premarket move.)

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Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Gain Ahead of Fed Rate Cut Decision: Analyst Asks Investors to 'Mark Your Calendar' for Next BTC Bottom

Leading cryptocurrencies rose slightly on Tuesday as investors weighed renewed tensions in the Middle East and the Federal Reserve’s upcoming decision on interest rates.

Benzinga

All Iranian Missiles Intercepted, Says CENTCOM After Surprise Attack: Dow Futures Rise 63 Points, Oil Reverses Losses With Nearly 4% Gains

Late Tuesday, U.S. stock futures edged higher as oil prices surged after the U.S. military said it intercepted a surprise Iranian missile attack, reviving concerns over Middle East stability and global energy supplies.

Benzinga

Meta Pledged 100% Renewable Energy in 2016: 10 Years Later, It's Ditching the Plan

The artificial intelligence boom is forcing Big Tech to rethink its clean-energy commitments. Meta Platforms (NASDAQ:META) is the latest example.

Benzinga

SK Hynix Earnings Could Decide Whether Wall Street Has Misread The AI Memory Selloff

Since last month, when memory stocks hit their highs, SK Hynix Inc. (NASDAQ:SKHY) has plunged nearly 47%, and SanDisk Corp. (NASDAQ:SNDK) has lost more than 50%. Micron Technology Inc. (NASDAQ:MU) and Western Digital Corp. (NASDAQ:WDC) have each fallen roughly 33%.

Benzinga

OpenAI, Anthropic Workers Sound Alarm on AI Risks as Companies Race Toward Next-Gen Models

Employees at OpenAI and Anthropic have started a petition asking the U.S. government to support a system that would slow AI development to prevent models from advancing too quickly.

Benzinga

Amazon, Apple, Meta, Microsoft Earnings on Deck: 33% of Benzinga Viewers Say This is Top Report to Watch

Four Magnificent Seven stocks report quarterly financial earnings this week, setting up for potential high volatility among technology sectors and several of the top market indexes. A poll of Benzinga viewers picks which report may be the top one to watch.

Benzinga

Robinhood Q2 Preview: Prediction Markets, Meme Coins & Trump Accounts Could Power Earnings

Robinhood Markets (NASDAQ:HOOD) could credit new products for strong second-quarter results when the company reports earnings Wednesday after market close.

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