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The Latest Breaking News from Benzinga

Trump's Critical Minerals Policy Is A $6.5 Trillion Trap

President Donald Trump’s campaign to purge Chinese-linked critical minerals from federal supply chains is facing the U.S. industrial reality check.

Benzinga

Trump Touts 'Thousand-Year' Gasoline Supply, Says China Lacks It, as Adam Schiff Questions $13 Billion Venezuelan Oil Claim

As the U.S. and Iran pause hostilities after weeks of continuous strikes, oil prices in the global markets fell sharply. However, gas prices could remain elevated at the pump despite the decline in crude oil prices.

Benzinga

Ron Baron Predicts SpaceX Will Be the World's Biggest Company, Says His $25 Billion Stake Could Still Rise 30-Fold Despite IPO Stumble: 'We Consider Ourselves...'

Ron Baron expects SpaceX (NASDAQ:SPCX) to become the world’s largest company by a wide margin, predicting Baron Capital’s IPO investment could rise 20 to 30 times over the next 10 to 15 years.

Benzinga

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Stock Market Today: Dow Jones Futures Gain as Coca-Cola Jumps After Q2 Beat, S&P 500, Nasdaq 100 Decline—Boeing, Johnson & Johnson in Focus (UPDATED)

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

Benzinga

SK Hynix Sinks Below Nasdaq IPO Price as China Chip Fears Trigger Memory Stock Rout

SK Hynix Inc.‘s (NASDAQ:SKHY) American depositary receipts (ADRs) closed below their IPO price for the first time Monday as investors continued to unwind positions in AI-related semiconductor stocks despite strong long-term demand for memory chips.

Benzinga

NASA Chief Jared Isaacman Says 'Never Bet Against' Elon Musk, Adds 'We Can't Do It Without' SpaceX for Moon Base

NASA Administrator and former Shift4 Payments Inc. (NYSE:FOUR) CEO Jared Isaacman has backed Elon Musk and Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) goal of establishing space-based compute capacity via orbital data centers.

Benzinga

Adam Schiff Revives AI Ads Act to Ban Deceptive Political Deepfakes: 'We Cannot Allow AI to Further Blur the Line Between…'

On Monday, Sen. Adam Schiff (D-Calif.) announced the reintroduction of the AI Ads Act, a bill designed to prohibit the fraudulent use of artificial intelligence (AI) to misrepresent political candidates, campaigns and committees in federal elections.

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Nikki Haley Says Washington Is Borrowing $60,000 Every Second as Congress Takes Summer Recess: 'Our National Debt Is Spiraling'

Former U.S. Ambassador Nikki Haley criticized Congress on Monday, accusing lawmakers of ignoring the nation’s growing debt burden as the House and Senate prepared for their summer recess.

Benzinga

Iran, Oman Reportedly Work Out Hormuz Deal as Trump Sees 'Very Friendly Negotiations' On Ending the War: 'Good Chance…Something Could Happen'

A pause in U.S.-Iran hostilities has sped up diplomatic efforts to secure a temporary agreement to reopen shipping through the Strait of Hormuz, a major flashpoint in the conflict.

Benzinga

Chuck Schumer Vows to Block Trump's Push to Rename Penn Station, Says Landmark Needs to Be 'Rebuilt,' Not 'Rebranded'

Senate Minority Leader Chuck Schumer (D-N.Y.) pushed back against a reported effort to rename New York’s Penn Station after President Donald Trump, arguing the transportation hub’s priority should be modernization rather than a name change.

Benzinga

Is Citadel's Surprise July Rate Hike Call Viable? Jim Bianco Says 38% Market Odds Mean It's 'Not That Far'

As Wall Street debates whether Citadel Securities’ call for a surprise Federal Reserve rate hike this week is viable, macro researcher Jim Bianco highlighted that current market pricing showing a 38% probability means the firm’s prediction “is not that far” from reality.

Benzinga

Pete Hegseth Has ‘Lost My Confidence,’ Thom Tillis Says as Republicans Warn Pentagon Leadership Is Failing to Deliver an Iran Endgame

Republican criticism of Defense Secretary Pete Hegseth intensified as the nearly five-month U.S. war with Iran strained military budgets, disrupted shipping routes and left lawmakers demanding a clearer endgame.

Benzinga

Kevin O'Leary Slams NYC Mayor Mamdani's 30% Grocery Discount Plan, Warning Stores Will Lose Money On 'Every Single Sale': 'Who Will Pay for Those Losses?'

New York City Mayor Zohran Kwame Mamdani on Monday unveiled a plan to offer a 30% discount on essential groceries at five city-backed grocery stores, prompting criticism from “Shark Tank” investor Kevin O’Leary, who said taxpayers would ultimately bear the cost.

Benzinga

Nvidia CEO Jensen Huang Set to Hold High-Stakes Meetings With Congress Members on 'American Leadership' in AI

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang is set to hold meetings with members of Congress in Washington this week to discuss the future of artificial intelligence and America’s position in the global AI race.

Benzinga

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Cracker Barrel CEO Julie Masino Steps Down Nearly a Year After 'Woke' Logo Backlash That Left Her Feeling 'Fired By America'— Former Yum! Executive David Deno to Take Over

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) CEO Julie Masino is stepping down, the company announced Monday, nearly a year after its controversial branding modernization sparked political backlash.

Benzinga

Chris Christie Warns Republicans About ‘Deadly Numbers’ — Take 'Distance' From Trump or 'Go Down With Him'

Former Gov. Chris Christie (R-N.J.) warned that Republican candidates could face growing political risks if they remain closely tied to President Donald Trump as voters express dissatisfaction with his administration’s performance.

Benzinga

Gavin Newsom Slams Trump Over Rising Gas Prices, Accuses GM of Helping ‘Gut’ California’s Emissions Standards

Gov. Gavin Newsom (D-CA) slammed President Donald Trump amid rising gas prices at pumps as the latter addressed a crowd at General Motors Co.‘s (NYSE:GM) facility in Milford, Michigan, on Monday.

Benzinga

Meta Accused of Prioritizing Instagram Profits Over Teen Safety as Tennessee Reveals Internal Addiction Warnings in Court

On Monday, Meta Platforms, Inc. (NASDAQ:META) was hit with renewed legal challenges as Tennessee alleged the company prioritized engagement and ad revenue over concerns about Instagram’s effects on teenagers.

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Elizabeth Warren Says Trump's Unfulfilled 10% Credit Card Rate Promise Has Cost Families $55B: The President Is 'Letting Wall Street Pad Its Profits'

Sen. Elizabeth Warren (D-Mass.) on Monday accused President Donald Trump of failing to deliver on his campaign promise to cap credit card interest rates at 10%, saying the delay has cost American families an additional $55 billion in interest payments.

Benzinga

SPCX Falls More Than 50% From Lifetime High, Peter Schiff Calls It ‘Dangerous’ to Buy Into Hype

Economist Peter Schiff has cautioned against rushing to invest in the hype surrounding a stock, outlining Elon Musk-led Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) recent decline as an example.

Benzinga

Chris Murphy Warns Trump's Saudi Nuclear Deal Is 'Dangerous' and Makes 'Peace With Iran Much Less Likely'

Sen. Chris Murphy (D-Conn.) warned that President Donald Trump’s reported nuclear cooperation agreement with Saudi Arabia could weaken U.S. leverage in negotiations with Iran and increase the risk of nuclear proliferation in the Middle East.

Benzinga

Anthony Scaramucci Keeps ‘Fingers Crossed’ on Crypto Bill, But Reiterates Democrats Are Acting Out of Trump ‘Dislike’ Rather Than ‘Doing What’s Right'

SkyBridge Capital founder Anthony Scaramucci reiterated on Monday that Democrats will block the Clarity Act out of “dislike” for President Donald Trump rather than on the merits of the legislation.

Benzinga

SpaceX Stock Slides but Cathie Wood Keeps Buying — Tesla Gets an Ark Boost Too

On Monday, Cathie Wood-led Ark Invest added to two of its highest-profile names, SpaceX-linked exposure and Tesla Inc (NASDAQ:TSLA), while trimming several other positions, including Robinhood Markets Inc (NASDAQ:HOOD). Among the biggest moves of the day was Ark’s renewed buying of Space Exploration Technologies Corp. (NASDAQ:SPCX), even as the company’s…

Benzinga

T-Mobile Outage Leaves Thousands Without Service Across the US — Company Says 'Every Available Resource' Focused on Resolution

On Monday, a widespread T-Mobile US Inc. (NASDAQ:TMUS) outage disrupted mobile service for thousands of customers across the U.S., prompting the carrier to acknowledge the issue after hours of mounting complaints.

Benzinga

Gary Black Says Only People 'Shocked' by Tesla, SpaceX Stock Prices Are Those That Didn't Do the Math as Ross Gerber Smells Buying Opportunity

The Future Fund‘s Gary Black said Monday Tesla Inc (NASDAQ:TSLA) and Space Exploration Technologies Corp (NASDAQ:SPCX) investors were overlooking deteriorating earnings expectations and valuation metrics, while investor Ross Gerber said SpaceX could become a buying opportunity after its recent selloff.

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