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The Latest Breaking News from Benzinga

David Tepper's Latest AI Bet Is CoreWeave

David Tepper‘s latest portfolio update suggests the billionaire hedge fund manager is expanding his AI playbook beyond the industry’s familiar names.

Benzinga

'Big Short' Investor Steve Eisman Says AI Has an 'Achilles' Heel' — But It's Too Early to Short the Boom

“Big Short” investor Steve Eisman says the AI boom has an “Achilles’ heel”: its enormous dependence on OpenAI and Anthropic.

Benzinga

David Tepper Cuts Micron Stake, Exits SanDisk as Appaloosa Goes Big on These Magnificent 7 Stocks in Q2

David Tepper’s Appaloosa Management shifted heavily toward megacap tech stocks in Q2 while trimming or exiting once-hot memory chip investments.

Benzinga

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Argenx’s Next Blockbuster? Stock Jumps 12% After Phase 3 Myositis Trial Hits Key Goal

Argenx SE (NASDAQ:ARGX) stock jumped about 12% in Monday’s premarket trading after the company reported positive topline results from its Phase 3 ALKIVIA study.

Benzinga

The Top 5% of Americans Are Outspending Their Own Paychecks. That's the Risk to Watch.

America’s consumer may be less divided than investors think. But one group is still behaving very differently from everyone else: the richest 5% of households.

Benzinga

Student Debt Could Take a Chunk Out of Older Americans’ Social Security — Sanders, Warren Back New Bill to Stop It

Older Americans and borrowers with disabilities who default on federal student loans could get new protection from having their Social Security benefits garnished under legislation introduced Monday by Democratic lawmakers.

Benzinga

Marjorie Taylor Greene Claims Trump Officials Are Discussing Nuclear Strikes on Iran: ‘It’s Pure Evil’ (UPDATED)

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

Benzinga

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Jim Jordan Defends Trump’s Economy but Admits Costs Are ‘Tough’ for Middle-Class Families

Rep. Jim Jordan (R-Ohio) said the U.S. economy is moving in a "pretty good direction," while acknowledging that higher costs remain difficult for middle-class and working-class families.

Benzinga

US Navy Considers Moving Ford-Class Carrier ‘Island’ to Match Trump’s WWII Look Despite Efficiency Concerns: Report

The U.S. Navy is considering whether to move the command "island" on Ford-class aircraft carriers toward the middle of the flight deck, as President Donald Trump has pushed for new carriers to more closely resemble World War II-era warships.

Benzinga

Alibaba’s AI Pivot Deepens, Plans to Offload Gaming Business For at Least $1.5 Billion: Report

Alibaba Group Holding Ltd. ADR (NYSE:BABA) is reportedly offloading its gaming unit, Lingxi Games, to Asian private-equity firm Trustar Capital in a bid to bolster its focus on artificial intelligence (AI).

Benzinga

Rick Scott Declares ‘We Are the World’s Innovators,’ Warns Socialists ‘Undermine Our American Dream’

Sen. Rick Scott (R-Fla.) highlighted freedom, community and American innovation as core American values while warning that socialism threatens the opportunity he believes defines the American Dream.

Benzinga

Stock Market Futures Mixed: Dow Futures Slips, Nasdaq 100, S&P 500 Rises as Fed Rate Hike Odds Drop to 30% for September—SanDisk, Micron, HIVE Digital in Focus (UPDATED)

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

Benzinga

Top Economist Warns Trump’s Immigration Policies Are Hurting American Workers: ‘Only Reason Economy Isn’t in Complete Shambles Is...’

Mark Zandi, chief economist at Moody’s, attributes President Donald Trump‘s immigration policies to a high unemployment rate among American workers. He also blamed the administration for other supply-side policy shocks.

Benzinga

Social Security's 2032 Deadline Is Getting Closer—Now One of Its Biggest House Advocates Is Gone

Rep. John Larson (D-Conn.)’s loss in Connecticut’s 1st Congressional District Democratic primary could affect the political debate over Social Security as Congress faces a projected 2032 funding shortfall.

Benzinga

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Zohran Mamdani Flexed His Mandarin, Spanish and Bengali Skills to Deliver This Message—And Got a ‘Solid B’ for His Efforts

New York City Mayor Zohran Mamdani (D) is using his multilingual skills to promote free Broadway tickets for high school students, with his Mandarin video drawing particular attention online.

Benzinga

US Treasury Yields Hit Multi-Decade Highs as Debt Nears $40 Trillion, Charlie Bilello Says Government Spending ‘Like Drunken Sailors’

U.S. Treasury borrowing costs climbed to multi-year highs last week, with the 30-year bond yield at auction reaching its highest level since 2001 as investors digested a record July budget deficit and a national debt nearing $40 trillion.

Benzinga

Kevin O’Leary Calls Zohran Mamdani a ‘Genius at Social Media,’ Says Outrageous Proposals Generate Millions of Views for Free

Investor Kevin O’Leary praised New York City Mayor Zohran Mamdani’s (D-N.Y.) social media strategy, saying his controversial proposals generate massive attention and allow him to dominate the political conversation without paying for traditional publicity.

Benzinga

a16z Partner Asks Why California Politicians ‘Want to Push Away Startups,’ Says State Already Lost Tesla and SpaceX HQs ‘Due to Political Shenanigans’

Andreessen Horowitz partner Josh Elman criticized California politicians over policies he says could drive startups and founders out of the state, pointing to Tesla Inc. (NASDAQ:TSLA) and Space Exploration Technologies Corp. (NASDAQ:SPCX) previous headquarters moves as California debates a proposed one-time 5% tax on billionaire wealth.

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Benzinga

Jamie Dimon Warns UK Bank Tax Hikes Could Trigger a New York-Style Finance Exodus: Report

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon warned UK Chancellor John Healey that higher taxes on banks could drive financial jobs out of the country, citing New York as an example of the potential consequences, according to the Financial Times.

Benzinga

Sean Duffy Touts $5 Billion Rail Investment, Slams Gavin Newsom’s High-Speed Rail Project: ‘Wasting Billions of Dollars…’

Transportation Secretary Sean Duffy on Sunday hailed the President Donald Trump administration’s investment in developing the U.S. rail system, criticizing Gov. Gavin Newsom‘s (D-CA) high-speed rail system.

Benzinga

Bernie Sanders Says 'Our Current Healthcare System Is Broken,' Demands Medicare for All as 64% Back Universal Coverage

Sen. Bernie Sanders (I-Vt.) renewed his push for Medicare for All, arguing that the U.S. healthcare system is failing Americans and should guarantee coverage as a basic human right.

Benzinga

Americans Are Pulling Back on Spending as US Retail Sales Fell 0.6% in July: Amazon, Non-Store Retailers Hit Hardest

Market commentator The Kobeissi Letter said U.S. consumers are becoming more cautious with their spending after July retail sales fell more than expected.

Benzinga

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

U.S. stock futures were slightly mixed heading into Monday morning, as investors weighed a robust corporate earnings outlook against a backdrop of complex global crosscurrents, including a major retail earnings week and elevated bond yields.

Benzinga

Justin Wolfers Says AI Won't Kill Your Job — but It Will Change What It's Worth: 'Lab-Grown Diamonds Didn't Abolish Diamonds

Economist Justin Wolfers said the artificial intelligence shock to labor markets may resemble what happened to diamonds once lab-grown alternatives hit the market, not eliminating jobs entirely but sharply reducing the worth of certain tasks.

Benzinga

CENTCOM Chief Pushes Back on USS Abraham Lincoln Crisis Narrative, Says Carrier Has ‘Among the Lowest’ Mental Health Case Numbers in Navy

U.S. Central Command chief Adm. Brad Cooper said the USS Abraham Lincoln currently has "among the lowest" number of mental health cases across the Navy’s 11 active aircraft carriers, defending the crew’s resilience after more than 260 days deployed amid scrutiny over conditions aboard the ship.

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