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The Latest Breaking News from 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

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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.

Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Plummet Even as SEC Chair Paul Atkins Sees Crypto Bill Advancing: Analyst Says BTC's Big Move 'Just Around the Corner'

Leading cryptocurrencies fell sharply on Monday as investors weighed developments around the Clarity Act and a pause in U.S.–Iran hostilities.

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Trump Downplays Russia-Iran Intelligence Claims Ahead of Zelensky, Netanyahu Meetings: Dow Futures Fall 56 Points, Oil and Brent Slide

Late Monday, U.S. stock futures traded lower and oil prices eased as investors weighed President Donald Trump’s comments on Russia, Iran and the outlook for ongoing conflicts ahead of high-profile White House meetings.

Benzinga

Nvidia Funds AI Frenzy: Timeline of its Circular Financing Deals ... So Far

NVIDIA Corp. (NASDAQ:NVDA) is reportedly in talks to guarantee roughly $250 billion in financing for OpenAI‘s new 10-gigawatt Ohio data center, a project developed by SoftBank’s energy subsidiary, SB Energy, according to The Wall Street Journal.

Benzinga

'The World's Most Powerful Network': X Money Rolls Out, Challenging Venmo, Robinhood, Apple Pay

Elon Musk‘s X Money is no longer a concept — and its latest expansion puts it on a collision course with major players across consumer payments, from fintech cards to bank-backed rails.

Benzinga

OpenAI’s Private Equity Ambitions Grow With Morgan Stanley Executive Hire

OpenAI tapped former Morgan Stanley executive Alisha Lehr for a private equity-focused role, adding an AI-focused banking veteran to the company bench to help expand relationships with investment firms.

Benzinga

EXCLUSIVE: Why TEMA ETF Is Buying China’s Memory Champion Without Selling Micron

China’s newest memory champion – ChangXin Memory Technologies (CXMT) – is finally public on the Shanghai market.

Benzinga

BlackRock’s Nasdaq ETF Challenger Is Growing — But QQQ Still Pulls 300× More Inflows

BlackRock’s attempt to challenge Invesco’s dominance in the Nasdaq-100 ETF market is showing early signs of traction, but the asset manager still has a long way to go before it dents the grip of the $453 billion Invesco QQQ Trust (NASDAQ:QQQ).

Benzinga

This Congressman Slammed Elon Musk — Then Bought SpaceX Stock

Multiple members of Congress have disclosed buying shares of Space Exploration Technologies Corp. (NASDAQ:SPCX), the space company that counts Elon Musk as CEO.

Benzinga

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Benzinga

Coca-Cola's Earnings Could Put $10.7 Billion In Market Value On The Line

Earnings are back in focus on Tuesday, with a Benzinga-selected slate that spans beverages, aerospace, financial data and hardware. With guidance and margins often driving the biggest post-print repricings, the options market offers a clean read on how much volatility traders are bracing for, according to Benzinga Pro.

Benzinga

Rocket Lab Rallies as SpaceX Slides. Wall Street Is Rewarding Execution Again

Rocket Lab Corp (NASDAQ:RKLB) shares climbed Monday after the company secured its largest missile defense launch contract to date, while Space Exploration Technologies Corp. (NASDAQ:SPCX) stock continued its post-IPO slide, underscoring what investors appear to be rewarding in the space sector: tangible execution over future promise.

Benzinga

EXCLUSIVE: Anthropic Is a ‘Generational Company,’ Tema CEO Says — and Why LAZR Made It the Top Holding Before IPO

While Wall Street remains fixated on the high-bandwidth memory (HBM) boom powering Nvidia Corp.‘s (NASDAQ:NVDA) AI accelerators, China’s newest semiconductor giant is making a very different bet.

Benzinga

PayPal Prediction Market Earnings Preview: Will Management Talk About Stripe?

PayPal Holdings (NASDAQ:PYPL) reports second-quarter results Tuesday morning, one week after its board reportedly rejected a $53 billion takeover offer from Stripe and Advent International.

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Benzinga

Oil Crashes 8%, Chip Rout Weighs on Nasdaq 100: Stock Market Today

Crude oil cratered as much as 8% on Monday after Washington paused its strike campaign against Iran, but a brutal sell-off in semiconductors wiped out Wall Street’s early relief rally, leaving the major averages mixed ahead of Wednesday’s Federal Reserve decision and a wave of Magnificent Seven earnings.

Benzinga

'Prof G' Scott Galloway Says Morgan Stanley's $300 SPCX Target Is the Stuff of 'Romantic Comedies'

Scott Galloway says the analyst behind Morgan Stanley’s $300 price target on SpaceX (NASDAQ:SPCX) is in the wrong line of work.

Benzinga

Coca-Cola Q2 Preview: Stock Near All-Time Highs, Will Outperformance Vs. Pepsi Continue?

The Coca-Cola Company (NYSE:KO) looks to continue its recent stock rally when the beverage giant reports second-quarter financial results Tuesday before the market opens.

Benzinga

Nvidia Stock Falls 5%: How Credit Risk Sharing Is Impacting the AI Trade

Nvidia Corp (NASDAQ:NVDA) shares are tumbling on Monday as the stock digests a potential shift toward financing AI buildouts.

Benzinga

SpaceX’s AI Could Be Worth Nothing If Stock Hits $100, Morgan Stanley Says — ETF Traders Should Pay Attention

Morgan Stanley believes the recent sell-off in Space Exploration Technologies Corp (NASDAQ:SPCX) has become overdone, arguing that investors are assigning virtually no value to the company’s AI business, despite it being a key pillar of the bank’s bullish thesis.

Benzinga

Big Short Legend Steve Eisman Says Google's $205-Billion AI Bill Finally Broke the Market's Patience

Steve Eisman, the investor made famous by “The Big Short,” says this week marked the moment investors stopped rewarding runaway AI spending, with Alphabet Inc. (NASDAQ:GOOGL) the biggest casualty.

Benzinga

EXCLUSIVE: After Nvidia And SK Hynix, These 3 AI Stocks Could Be The Next Winners, CEO Says

The first wave of the AI boom crowned Nvidia Corp. (NASDAQ:NVDA) and memory leader SK Hynix Inc. (NASDAQ:SKHY) as Wall Street’s biggest winners. But as AI infrastructure spending broadens, the next opportunities may lie deeper in the supply chain.

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