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The Latest Breaking News from Benzinga

IBM Spooks Investors With Sub-Optimal Outlook

International Business Machines Corp. (NYSE:IBM) on Tuesday released preliminary second-quarter results that fell short of its expectations, citing weaker-than-anticipated mainframe-related sales as customers shifted spending toward supply-constrained servers, storage, and memory infrastructure.

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Apple Defies Smartphone Slump With Record Market Share

Apple Inc. (NASDAQ:AAPL) continued to outperform the broader smartphone market in the second quarter, but analysts caution that the industry’s worsening memory shortage could weigh on demand for the rest of the year.

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Meta Stock Just Surged 21% in 3 Weeks: Shay Boloor Calls It the 'Market's Latest Darling'

Meta Platforms Inc. (NASDAQ:META) has officially transformed from a cautionary tale of extreme capital expenditure into the “market’s latest darling,” following a rapid 20.97% stock rally in roughly three weeks, driven by a radical shift in how Wall Street values the tech giant’s artificial intelligence infrastructure.

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Trump's Tariff Refunds Push June US Budget Deficit to $120 Billion as Treasury Returns Billions

The U.S. Treasury Department on Monday reported a $120 billion federal budget deficit for June after refunding $49.2 billion in tariffs that were later ruled unlawful, marking a sharp reversal from the $27 billion surplus recorded in June 2025.

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JB Pritzker to White House: 'Racism Doesn't Make You Tough. It Just Makes You a Racist'

Gov. JB Pritzker (D-Ill.) criticized the White House in a social media post, arguing that leaders should prioritize empathy and compassion over policies or rhetoric he described as cruel and racially motivated.

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Hedge Funds Snap Up US Semiconductor Stocks at Fastest Pace in 3.5 Years, bet Selloff Has 'Run Its Course'

Hedge funds snapped up U.S. semiconductor stocks at the fastest pace in at least three-and-a-half years last week, reversing course after two consecutive weeks of heavy selling as investors bet the sector’s recent pullback has run its course.

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Former Defense Secretary Mark Esper Backs Trump's Iran Blockade: 'the Right Move'

Former Defense Secretary Mark Esper on Monday backed President Donald Trump’s decision to reinstate a U.S. naval blockade of Iranian ports, calling it the "right move" as Washington claims a bigger security role in the Strait of Hormuz.

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Stock Market Today: Dow, S&P 500, Nasdaq 100 Futures Rise on Better-Than-Expected CPI Data—Tower Semiconductor, Twin Vee, JPMorgan In Focus (UPDATED)

U.S. stock futures pared losses to advance on Tuesday, as the Nasdaq 100, Dow Jones and S&P 500 indices gained, following Monday’s lower close.

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Mohamed El-Erian Says Kevin Warsh Is 'Serious' About Reforming the Fed, Restoring Political Independence

Noted Economist Mohamed El-Erian praised the new Federal Reserve Chair Kevin Warsh‘s new appointments, saying they demonstrate a “serious” commitment to reforming and strengthening the central bank.

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Trump's Strait of Hormuz Blockade Could Push Oil Higher, Gas Prices Could Reach $4 a Gallon, Analyst Says

GasBuddy analyst Patrick De Haan on Monday cautioned against gas prices in the U.S. likely spiking as tensions between Washington and Tehran escalate over the Strait of Hormuz.

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Trump Admin Rescinds $10 Billion Child Care Funding Freeze for Five Democratic-Led States

The U.S. Department of Health and Human Services on Monday rescinded its $10 billion freeze on child care subsidies and social services funding for five Democratic-led states, withdrawing the orders that triggered a legal battle earlier this year.

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Trump Endorses Lindsey Graham's Russia Sanctions Bill With 500% Tariffs on Russian Energy Buyers: Report

President Donald Trump is backing a revised version of the late Sen. Lindsey Graham’s Russia sanctions bill, giving fresh momentum to legislation that would impose tariffs of at least 500% on countries buying Russian energy.

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Palantir CEO Alex Karp Warns AI Could Become America's Biggest Driver of Wealth Inequality: 'You Now Have a Revolution Where…'

Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp warned that AI could become the biggest driver of wealth inequality in the U.S., saying that while the technology is likely to improve the standard of living for the average person, the biggest gains will only go to those leading the AI industry.

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Gavin Newsom Unveils $3,500 California EV Rebate, Says State Is Filling 'Void Left by Trump'

Gov. Gavin Newsom (D-CA) officially launched California’s Zero Emission Vehicle (ZEV) rebate program on Monday, targeting first-time buyers with an instant $3,500 discount on electric vehicles, part of the SB 168 bill in California.

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Gavin Newsom Takes Swipe at Trump After Signing California Housing Bill: 'It's Called Governing'

Gov. Gavin Newsom (D-CA) on Monday touted newly signed housing legislation while aiming at President Donald Trump, saying California’s reforms would reduce housing costs, expand homeownership and speed up affordable housing construction.

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Trump Is 'Cheerleading' September Government Shutdown Over SAVE Act, Chuck Schumer Says

Senate Minority Leader Chuck Schumer (D-N.Y.) accused President Donald Trump of supporting a potential September government shutdown to pressure Republicans into passing the SAVE Act, which Democrats say could limit voting access ahead of the 2026 midterm elections.

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Peter Schiff Warns Rising Interest Rates Are a 'Much Bigger' Threat With US Debt Nearing $40 Trillion

Renowned economist Peter Schiff has issued a stark warning regarding the trajectory of the United States’ financial health as the total federal debt has officially surged to a record $39.4 trillion. Commenting on the rising interest rates on the multi-trillion-dollar national debt, Schiff cautioned that the country is rapidly “nearing…

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Lindsey Graham's Sister Fills His Senate Seat With Trump's Backing, Vows to Continue His Political Legacy

South Carolina Governor Henry McMaster appointed late Sen. Lindsey Graham‘s (R-S.C.) sister, Darline Graham Nordone, to the Senate seat following her brother’s death, a move backed by President Donald Trump.

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Peter Schiff Says SPCX's Decline Could Spell the End of AI Boom, 'Overpriced' US Stock Market: Ross Gerber Is Not Surprised

Economist Peter Schiff, co-founder of Echelon Wealth Partners, thinks that the decline of Elon Musk-led Space Exploration Technologies Corp. (NASDAQ:SPCX) could signal the end of the artificial intelligence (AI) boom.

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Nvidia Reportedly Cuts More Than Half of Its Asian AI Chip Customers Amid Tighter China Screening

Nvidia Corp. (NASDAQ:NVDA) has reportedly slashed the number of approved AI chip buyers across parts of Asia after introducing stricter compliance measures designed to prevent its advanced processors from reaching China.

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

The S&P 500 is navigating turbulent waters as geopolitical friction enters a new phase. U.S. Central Command said it began a third straight night of strikes against Iran at about 4:45 p.m. ET on Monday.

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Trump's 20% Strait of Hormuz Fee Plan Has 'Absolutely Zero Chance,' Analyst Says

Brett Erickson, a risk analyst and Geopolitics expert at Obsidian Risk Advisors, has slammed President Donald Trump‘s plan to impose a 20% fee on vessels transiting the Strait of Hormuz as tensions with Iran escalate.

Benzinga

Pete Buttigieg Lists Congressional Stock Trading, First Family Crypto Schemes, Second Jumbo Jet, Calls It a 'Carnival of Corruption'

Former Transportation Secretary Pete Buttigieg accused President Donald Trump and lawmakers in Washington of contributing to a political system he said is driven by corruption, special interests and decisions that hurt everyday Americans.

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After Blasting Trump's Intel Deal, Gavin Newsom Jokes California Should Collect Tesla Shares for 'Corporate Welfare' Given to Elon Musk

Gov. Gavin Newsom (D-CA) has said that the government of California should be able to become a shareholder in Elon Musk-led Tesla Inc. (NASDAQ:TSLA), criticizing the President Donald Trump administration’s Intel Corp (NASDAQ:INTC) deal.

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Jamie Dimon Rules Out White House Run: 'I'm a Banker, I'm a New Yorker'

Jamie Dimon said the next chapter of his career after serving as CEO of JPMorgan Chase & Co (NYSE:JPM) could include writing books, teaching, and public policy, but ruled out any possibility of a future in politics.

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