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The Latest Breaking News from Benzinga

Ted Lieu Slams Scott Bessent Over Trump $1 Coin Push, Says 'Can You Please Focus on the Economy?'

Rep. Ted Lieu (D-Calif.) criticized Treasury Secretary Scott Bessent after he promoted a new Trump-themed $1 gold coin, arguing the administration should focus more on economic challenges facing Americans.

Benzinga

Analyst Sees $4 Gas if Current Trends Continue, Warns Failure to Hit 9 Million Barrels Per Day Could Signal 'Demand Destruction'

Demand for gasoline in the U.S. could be falling as price volatility, fueled by ongoing escalations in the Middle East amid the U.S.-Israel and Iran war, poses challenges to the global oil supply chain.

Benzinga

Bernie Sanders Says Trump 'Lied' About 10% Credit Card Rate Cap, Points to Big Banks Making Billions Charging 25-30% Interest Rates

Sen. Bernie Sanders (I-Vt) on Wednesday said President Donald Trump lied about his promise to cap credit card interest rates at 10% while major banks continued to earn billions from consumer lending.

Benzinga

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Trump Slams New York Data Center Moratorium as 'Terrible Decision' While Bill Ackman Points to AI Race With China and Says, 'Democracy at Risk'

On Wednesday, President Donald Trump, hedge fund billionaire Bill Ackman and entrepreneur Anthony Pompliano criticized New York’s decision to temporarily halt approvals for new large-scale data centers.

Benzinga

Trump Says Iran Released American Detained Under 'Sleepy Joe Biden': President 'Appreciates This Gesture of Goodwill'

On Wednesday, President Donald Trump said Iran released an American citizen detained since December 2024 and said the United States appreciates the move as a “gesture of goodwill.”

Benzinga

Bitcoin, XRP, Dogecoin Steady; Ethereum Gains Amid Soft Inflation Reading: Analyst Says Indicators 'Flashing Bottom Signals Everywhere'

Leading cryptocurrencies traded sideways on Wednesday, while stocks rallied as investors digested softer inflation data amid heightened tensions with Iran

Benzinga

Trump Says Iran Wants To Make a Deal as US Launches Second Wave of Strikes; Brent Oil Tops $85

Late Wednesday, U.S. stock futures were mixed as President Donald Trump said Iran wants to negotiate even as U.S. forces launched a second wave of strikes against Iranian military targets, lifting oil prices amid fears of further disruption in the Middle East.

Benzinga

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Jamie Dimon Says Anthropic’s Mythos Access Debate Is a Warning Sign for AI’s Future

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon warned that the risks stemming from Anthropic’s Mythos AI model are a "real issue," adding that U.S. government officials are now focused on addressing the potential risks.

Benzinga

Bill Ackman Warns of China ‘Super Intelligence’ Threat — 'Our Country And Democracy Will Be at Risk'

Billionaire investor Bill Ackman is sounding the alarm on what he sees as a rapidly escalating technological arms race with China, warning that the stakes could extend beyond economics into national security and democratic stability.

Benzinga

Are Crypto Prices Lying? Bitwise's Q2 Data Suggest the Bull Market Never Stopped

Bitwise’s Head of Research Ryan Rasmussen says crypto asset prices tell only half the story from Q2, with equities, revenue, and real-world adoption all moving in the opposite direction from token prices.

Benzinga

United Airlines Delivers Q2 Double Beat, Shares Slip as Fuel Costs Remain Volatile

United Airlines Holdings Inc (NASDAQ:UAL) reported financial results for the second quarter on Wednesday after the closing bell. Here’s a look at the key details from the print.

Benzinga

Warren Buffett Takes Credit for Berkshire’s Alphabet Stock Buy: ‘I Initiated It’

One of the newest stocks added to the Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) investment portfolio is Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL). While the position started towards the end of Warren Buffett’s time as CEO of Berkshire, the legendary investor wants people to know he gets the credit for buying the stock.

Benzinga

Anduril Breaks Into Hypersonics: Army Says It’s Now a Player

A senior U.S. Army acquisition leader said that Anduril Industries could become a supplier for the service’s hypersonic weapons push, as the Army looks to blend premium long-range missiles with cheaper options to expand stockpiles.

Benzinga

Goldman Sachs Crushes Records, but This Analyst Warns the Party Is Over

Goldman Sachs Group Inc. (NYSE:GS) climbed to a new 52-week high on Wednesday after posting record second-quarter results, but Citizens kept its Market Perform rating, arguing that the stock’s strong run already reflects much of the improving earnings outlook.

Benzinga

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United Airlines Earnings Prediction Market Preview: What Will Scott Kirby Say?

United Airlines Holdings (NASDAQ:UAL) CEO Scott Kirby pitched a merger to American Airlines (NASDAQ:AAL) in April and got publicly turned down.

Benzinga

SpaceX (SPCX) Stock Falls Below $135 IPO Price

Space Exploration Technologies Corp (NASDAQ:SPCX) stock fell below its IPO price of $135 for the first time Wednesday, a symbolic threshold that is drawing fresh attention to the stock about a month after its market debut.

Benzinga

Analysts React on IBM's Worst Day on Record: What History Says Happens Next

International Business Machines Corp. (NYSE:IBM) plunged 25.21% on Tuesday, recording the stock’s worst day on record, and a top investment bank just trimmed its 12-month price objective on the stock.

Benzinga

Taiwan Semiconductor Manufacturing Q2 Preview: Analysts Expect Record Revenue, Could Stock Hit New All-Time Highs?

Taiwan Semiconductor Manufacturing (NYSE:TSM) looks to hit new all-time highs with a strong earnings report Thursday before market open.

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Benzinga

Memory-Chip Selloff Drags Nasdaq 100 Lower, SanDisk Sinks 13%: Stock Market Today

A second straight cool inflation reading and a wave of upbeat bank earnings pushed the Dow and small caps higher by midday Wednesday, even as a selloff across memory-chip and hardware stocks dragged the Nasdaq 100 into the red.

Benzinga

Anthropic Claude Traffic Skyrockets 500% to Outpace Smaller AI Rivals

For all the attention on OpenAI‘s ChatGPT and Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Gemini, one of the fastest-moving stories in generative AI may belong to a much smaller player.

Benzinga

Apple Stock Hits 52-Week High - Here's Why

Apple Inc. (NASDAQ:AAPL) stock climbed nearly 4% on Wednesday after China approved the company’s Apple Intelligence service for use in the country, removing a key regulatory hurdle. The gain also pushed the stock to a fresh 52-week high despite weakness across the broader technology sector.

Benzinga

Optimism on the Economy Is at a Record: Confidence in AI Capex Is Not

One of the most bullish investor surveys on record arrived with its own warning attached.

Benzinga

Chamath Palihapitiya Sees ‘Very Obvious Industrial Logic’ in SpaceX Acquiring Tesla to Fund Elon Musk’s Broad Swath Of Projects

Venture capitalist Chamath Palihapitiya said on Tuesday that investors are overlooking a major near-term value driver for SpaceX (NASDAQ:SPCX), arguing that Elon Musk could create strategic and financial leverage by combining the space venture and Tesla Inc. (NASDAQ:TSLA) under one corporate structure.

Benzinga

'Big Short' Investor Steve Eisman Says AI Has 'No Moats,' Which Is 'Not A Recipe For Longevity'

Steve Eisman, the investor made famous by “The Big Short,” warned this week that the artificial intelligence giants driving the stock market may lack the one thing that justifies their spending: a moat.

Benzinga

Apple Intelligence Finally Cleared for China: Here's Which Stocks Are Popping on the News

Apple Inc. (NASDAQ:AAPL) received Chinese regulatory approval for Apple Intelligence on Wednesday, ending a wait that began with the feature’s launch in 2024.

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