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The Latest Breaking News from Benzinga

This 100-Year-Old Theory Says the Stock Market Isn’t Done Climbing: Ed Yardeni

Artificial intelligence has dominated Wall Street’s attention this year. Investors have obsessed over capital spending, shrinking free cash flow and whether the hyperscalers are overspending on AI.

Benzinga

EXCLUSIVE: China Is Coming For SanDisk—But Not Yet For Micron’s Memory Crown (CORRECTED)

Editor’s Note: This story has been corrected to remove an inaccurate company reference.

Benzinga

Ford Wants to Turn Car Customization Into the Next Big Thing—Exec Says Think ‘Nike Dropping a Sneaker’

Ford is expanding its customization and aftermarket business to capture more of the $53 billion U.S. aftermarket, adding accessories, performance parts and exclusive limited-edition vehicle “drops.”

Benzinga

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Intel’s Earnings Could Quadruple in 4 Years, Analyst Says

Intel Corp (NASDAQ:INTC) stock gained by almost 2% during Monday’s premarket session as risk appetite firms up across equities. Nasdaq futures are up 1.28% while S&P 500 futures have gained 0.79%.

Benzinga

Trump Prefers Gas-Powered Vehicles, But This Swing-State GOP Governor Says EV Boom Isn’t Over After President Ended Tax Credits: 'Needs To Be Customer Choice'

Georgia Gov. Brian Kemp (R) believes that the expiration of federal electric vehicle tax credits has not weakened his drive to make the state an EV manufacturing hub, arguing that buyers rather than Washington should determine the technology’s future.

Benzinga

China’s Biggest Chip IPO Creates a $500 Billion Rival for Micron as Apple Reportedly Tests CXMT Memory Chips

China’s premier semiconductor manufacturer, ChangXin Memory Technologies (CXMT), skyrocketed in its Shanghai stock market debut to surpass a $500 billion valuation.

Benzinga

EXCLUSIVE: Chamath Palihapitiya Says He'll Pay and Jensen Huang Says Stay as California's Billionaire Tax Looms— But a Tax Adviser to the Ultra-Wealthy Is Telling Clients Something Very Different

Seven extremely wealthy Californians have already left the state ahead of a proposed 5% billionaire wealth tax that will appear on the November ballot, with four leaving before the Jan. 1 residency deadline and three departing afterward, according to an international tax adviser who said more clients are considering an…

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Job Seekers Are Using AI to Apply Everywhere, Recruiters Are Using AI to Filter Them—Greenhouse CEO Calls It a ‘Doom Loop’

Greenhouse CEO Daniel Chait says artificial intelligence is creating a "doom loop" in hiring, as job seekers use AI tools to send applications at scale while overwhelmed recruiters increasingly turn to AI to screen them.

Benzinga

EXCLUSIVE: SanDisk Is the AI Stock to Avoid After Its Stunning 30X Rally, Expert Says

Sandisk Corp (NASDAQ:SNDK) has become one of the market’s biggest AI winners, but one ETF expert believes the stock’s breathtaking run may have gone too far. Asked which AI stock he’d avoid despite the hype, GraniteShares CEO Will Rhind didn’t point to a struggling company.

Benzinga

Trump Administration Unites 20+ Allies to Build Secure 6G Networks as US Looks to Counter China’s Telecom Dominance: Report

The Trump administration is reportedly set to launch a partnership with over 20 allies to accelerate the development of secure 6G wireless networks, aiming to counter China’s influence over next-generation telecommunications.

Benzinga

Bond Markets Are Rethinking Big Tech’s $1 Trillion+ a Year for AI

Big Tech’s defining financial advantage, an abundant cash flow, is colliding with the physical demands of generative AI. Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), Meta Platforms, Inc. (NASDAQ:META) and Oracle Corp. (NYSE:ORCL) continue to post strong revenue growth and operating cash flow – yet, their forward free cash flow is…

Benzinga

GOP Congressman Slams JD Vance's Silence Over CDC's $1.24 Billion Pfizer COVID Vaccine Contracts: 'Why Isn’t He Speaking Out'

Rep. Thomas Massie (R-Ky.) questioned Vice President JD Vance‘s silence after the Trump administration established billions for Pfizer Inc.‘s (NYSE:PFE) COVID-19 vaccine contracts for 2026 and 2027.

Benzinga

Adam Schiff Says He Wants Political Influencers to Tell Voters Who Paid Them—and His New Bill Would Also Crack Down on AI Deepfakes

Sen. Adam Schiff (D-Calif.) reportedly plans to introduce two bills Monday aimed at requiring disclosures for some paid political influencer content and restricting fraudulent AI-generated impersonations of political candidates and committees,

Benzinga

Lyft Stock Is Down More Than 26% This Year—Now a Short Seller Warns the Uber Rival Could Be in Deep Trouble (UPDATED)

Editor’s note: The story has been updated to include a comment from Lyft.

Benzinga

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Uber-Backed EV Firm Says Iran War Is Accelerating Electric Vehicle Adoption in South Africa

An Uber Technologies Inc.-backed (NYSE:UBER) South African EV fleet manager, Valternative, has said that the ongoing U.S.-Israel and Iran war has accelerated EV penetration in the region.

Benzinga

AI Was Supposed to Shrink Workforces. Now Employers Say They Need More People

Some of America’s biggest companies are beginning to hire again after months of limiting headcount amid economic uncertainty and expectations that artificial intelligence could handle more work, according to a Wall Street Journal report published Sunday.

Benzinga

Iran Warns US Won't Be Allowed to Dictate Timing or Course of the War, Says Strait of Hormuz Remains Closed

Iran said it will not let the U.S. dictate the course, duration, or timing of the war, arguing that Washington is stuck in a “self-made quagmire” five months after the conflict began.

Benzinga

Apple Is Making an Existential AI Bet—One Analyst Thinks It's Wrong

Apple Inc. (NASDAQ:AAPL) stock rose in Monday’s premarket trading as investor sentiment improved ahead of the opening bell. Nasdaq futures climbed 1.6%, while S&P 500 futures gained 0.97%.

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Benzinga

Stock Market Today: S&P 500, Dow Jones, Nasdaq 100 Futures Rise as US-Iran Halt Retaliatory Strikes—Microchip Technology, AMD, Nucor in Focus (UPDATED)

U.S. stock futures were rising on Monday, as the Dow Jones, S&P 500 and Nasdaq 100 indices advanced, following Friday’s mixed close.

Benzinga

Michael Burry Says Wall Street Has Turned on Big Tech's AI Spending: 'The Market Has Voted'

The ‘Big Short’ investor Michael Burry on Sunday said the market has delivered its verdict on Big Tech’s artificial intelligence (AI) spending, with investors increasingly favoring companies showing stronger returns over larger capital commitments.

Benzinga

Trump Is Playing Chicken With the Country That Fuels Half of America — During a Global Energy Crisis

President Donald Trump’s decision to impose 50% tariffs on roughly $20 billion of Canadian goods is escalating a trade confrontation at precisely the wrong moment for U.S. energy security.

Benzinga

Jeffries, Pritzker and Buttigieg Rally Democrats With '100 Days to Change America' as Johnson Says Election Is 'Common Sense or Crazy'

The countdown to Election Day entered its final 100-day stretch as leaders from both parties sought to rally voters with contrasting messages on affordability, change and the future of America.

Benzinga

Elon Musk Touts ‘Successful’ Starship Test, Says Rocket Was 'Intentionally' Launched Faster To Test Heat Shield Capability

Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk hailed the commercial space flight company’s Starship rocket after its successful 13th flight test over the weekend.

Benzinga

United Airlines Pitched a Merger With Delta Before Its Failed American Airlines Bid: Report

United Airlines Holdings Inc. (NASDAQ:UAL) approached Delta Air Lines Inc. (NYSE:DAL) about a merger last year, pursuing a combination of America’s two most valuable carriers before CEO Scott Kirby’s later American Airlines Group Inc. (NASDAQ:AAL) proposal triggered political and antitrust backlash.

Benzinga

Richard Blumenthal Questions Whether Taylor Farms' Trump Donations Weakened CDC Response to Cyclospora Outbreak

Sen. Richard Blumenthal (D-Conn.) on Sunday accused Taylor Farms of impeding public health efforts to contain the Cyclospora outbreak and questioned whether the company’s political contributions to President Donald Trump‘s campaign contributed to CDC staffing cuts that weakened disease surveillance.

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