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The Latest Breaking News from 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…

Benzinga

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

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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

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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

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%.

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

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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.

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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.

Benzinga

John Kennedy Rips Trump's Saudi Nuclear Deal Timing, Warns of Mixed Signals Amid Iran Tensions: 'The World Is on a Hair Trigger'

Sen. John Kennedy (R-La.) expressed doubts about the Donald Trump administration’s proposed civilian nuclear deal with Saudi Arabia as Congress prepares to review the agreement.

Benzinga

John Kennedy Says John Thune Is 'Too Cautious,' Predicts Chuck Schumer Will Shut Down the Government

Sen. John Kennedy (R-La.) accused Senate Majority Leader John Thune (R-S.D.) of moving too cautiously in talks with Democrats to prevent a September government shutdown, predicting Senate Minority Leader Chuck Schumer (D-N.Y.) cannot deliver a deal.

Benzinga

Bruce Blakeman Says Hochul, Mamdani Tax Policies Could Force Families To Sell Homes, Businesses: ‘That’s Just Wrong’

Nassau County Executive Bruce Blakeman, the Republican challenging New York Gov. Kathy Hochul (D-N.Y.) in the gubernatorial race, aimed at Hochul and New York City Mayor Zohran Kwame Mamdani on Sunday, arguing their tax policies could make it harder for New Yorkers to pass family wealth to future generations.

Benzinga

Ted Lieu Accuses Mike Waltz of Blaming Ukraine for Arms Shortages: 'Stop Falsely Blaming Others and Take Responsibility' for Iran War

Rep. Ted Lieu (D-Calif.) accused U.S. Ambassador to the United Nations Mike Waltz of falsely blaming Ukraine for U.S. military stockpile challenges, arguing the Iran conflict consumed more American defense resources.

Benzinga

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

U.S. stock futures are rising heading into Monday morning, driven by a temporary lull in Middle East hostilities and a steep pullback in global energy prices.

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