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The Latest Breaking News from Benzinga

Mike Waltz Calls Cuba a ‘National Security Threat,’ Accuses China and Russia Of Collecting Information Around US Bases

United Nations Ambassador Mike Waltz called Cuba a "national security threat" on Sunday, accusing China and Russia of collecting intelligence around U.S. military sites as the Trump administration keeps pressure on Havana.

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TSMC Could Swing $150 Billion as Options Market Prices Big Moves for This Week’s Earnings

Earnings season kicks into high gear next week, with a slate of heavyweight companies set to report quarterly results between July 12 and July 18. As investors look for fresh insight into corporate earnings, guidance and the broader economic backdrop, options traders are already betting on how sharply these stocks…

Benzinga

Mark Zuckerberg’s Meta Just Supercharged Its Biggest AI Bet Yet, Expanding Its Hyperion Data Center Into a $50 Billion-Plus Project

Meta Platforms Inc. (NASDAQ:META) has significantly ramped up its investment in the Hyperion data center project in Louisiana. The project’s cost now surpasses a whopping $50 billion.

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Elon Musk's SpaceX Plunges 35% From Its Record High One Month After SPCX's Historic IPO

One month after its historic June 12 IPO, Elon Musk’s Space Exploration Technologies Corp. (NASDAQ:SPCX) is facing a reality check. Shares have plummeted 35.60% from their all-time high of $225.64 to Friday’s close of $145.30, exposing a widening divide between analysts who view the company as a transformative industrial power…

Benzinga

Gary Black Thinks SpaceX Stock Could Soon Trade Below Its IPO Price—Here's Why

Investor Gary Black of The Future Fund LLC said on Monday that Elon Musk-led Space Exploration Technologies Corp. (NASDAQ:SPCX) shares could drop below the IPO price of $135/share in the coming days.

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Iran Accuses US of Breaching MOU, Warns Gulf Bases Remain Potential Targets: 'Period of Crisis'

Esmaeil Baghaei, the spokesperson for the Iranian Foreign Ministry, has accused the U.S. of breaching the Islamabad Memorandum, while calling for justice over the deaths of Iran’s “martyred leader” and other victims of recent attacks.

Benzinga

Stock Market Today: Dow Jones, Nasdaq 100, S&P 500 Futures Slips as US and Iran Exchange Strikes— Saratoga, Exxon Mobil, Levi's Strauss In Focus (UPDATED)

U.S. stock futures declined on Monday, as the Dow Jones, Nasdaq 100 and S&P 500 indices fell, following Friday’s higher close.

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Tesla AI Chief Ashok Elluswamy Says Optimus Has 'Big Shoes to Fill' After Model S, X Production Line Closure

Tesla Inc.‘s (NASDAQ:TSLA) artificial intelligence lead, Ashok Elluswamy, hailed the sunset Model S and Model X premium vehicles as the Fremont facility gears up for Optimus humanoid robot production.

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Cathie Wood Says AI Productivity Boom Could Push Long-Term Interest Rates Lower

ARK Invest CEO Cathie Wood said artificial intelligence-driven productivity could push long-term interest rates lower, drawing parallels with the Industrial Revolution as companies pass efficiency gains on to consumers through lower prices.

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Mark Zandi Says June Jobs Report Was Weaker Than It Looked as Labor Force Participation Fell

Economist Mark Zandi argued that the June employment report painted an overly optimistic picture of the U.S. labor market, saying several underlying indicators point to a much weaker economy than the headline figures suggest.

Benzinga

Trump Says He Has 'Somebody' in Mind After Lindsey Graham's Death Opens South Carolina Senate Race

Sen. Lindsey Graham (R-S.C.) died suddenly Saturday night, creating an unexpected vacancy as he campaigned for a fifth term and temporarily narrowing President Donald Trump’s already fragile Senate majority.

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Economist Justin Wolfers Says 'the Puzzle' Behind Record Highs 'Goes Away' Once You Take Out AI

Economist Justin Wolfers on Sunday said the U.S. stock market’s record-setting rally is being driven largely by a handful of artificial intelligence-linked companies, masking what he described as a much less impressive performance across the broader market.

Benzinga

Mark Cuban Pushes Back on AI Doctors, Says Healthcare Conglomerates Will 'Delay and Deny' Progress

Billionaire entrepreneur Mark Cuban expressed skepticism about the effectiveness of artificial intelligence (AI) in healthcare, highlighting the challenges posed by healthcare conglomerates.

Benzinga

Looking Beyond the S&P 500? This Vanguard Tech ETF Has Averaged 25% Annual Returns

For investors who want to look beyond investing in benchmark index funds, the Vanguard Information Technology ETF (NYSE:VGT) has capitalized heavily on the tech wave to deliver staggering 25% annual returns over the past decade, easily outperforming broad market benchmarks.

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Elon Musk Says SpaceX Will Fly Orbital Data Centers Next Year—Jim Chanos Isn't Buying It

Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk said over the weekend that the commercial space flight giant could prepare to build orbital data centers as soon as next year, but short seller Jim Chanos remains skeptical about the CEO’s claims.

Benzinga

Bernie Sanders Says 'American Society Is in Decline,' Calls for Grassroots Movement

On Sunday, Sen. Bernie Sanders (I-Vt.) criticized growing economic inequality in the U.S. and urged supporters to build a grassroots movement focused on creating an economy that benefits working families.

Benzinga

Federal Health Watchdog Projects $5.56 Billion in Recoveries and Savings, Despite Enforcement Hitting Two-Year Low

The federal watchdog for the Department of Health and Human Services (DHS) has projected a recovery and savings of $5.56 billion over six months.

Benzinga

Ross Gerber's 'Controversial' EV Opinion? He Prefers Tesla's Cybertruck Over His Rivian, but Criticizes FSD

Investor Ross Gerber of investment firm Gerber Kawasaki has said that he likes the Elon Musk-led Tesla Inc. (NASDAQ:TSLA) Cybertruck more than his Rivian Automotive Inc. (NASDAQ:RIVN) EV.

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Samsung Speeds Up Yongin Chip Plant Launch to 2029 amid AI Memory Boom

Samsung Electronics Co. (OTC:SSNFL) is accelerating the launch of its first semiconductor fabrication plant in Yongin to 2029, moving up the timeline by one to two years as demand for AI memory chips continues to surge.

Benzinga

Michael Saylor Hints at More Bitcoin Purchases With 'Orange Dots' — Analyst Sees 'Great Opportunity' in MSTR Despite the 'Mocking'

Benzinga

Netanyahu Calls Israel a 'Country of Laws' as Ro Khanna Says IDF Soldiers Unlawfully Detained Him, Other US Citizens

Israeli Prime Minister Benjamin Netanyahu defended his government’s handling of law enforcement in the West Bank after Rep. Ro Khanna (D-Calif.) accused Israeli settlers and IDF soldiers of unlawfully detaining American citizens during a visit to the region.

Benzinga

Oil Rallies 4% as Mohamed El-Erian Warns of 'Significant Intensification' in US-Iran War

Global crude oil prices jumped roughly 4% early Monday following a wave of fresh U.S. military strikes against Iran. The sudden commodity rally reflects a warning from top economist Mohamed El-Erian that the “significant intensification” of hostilities in the Middle East will severely test the market’s prevailing assumption that the…

Benzinga

Hakeem Jeffries Calls Trump's Iran War 'Operation Epic Failure,' Says It Wasted Over $100 Billion in Taxpayer Money

House Minority Leader Hakeem Jeffries on Sunday slammed President Donald Trump, saying that the war with Iran has cost ordinary Americans over $100 billion and caused gas prices to surge.

Benzinga

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

U.S. stock futures are tumbling heading into Monday morning as a fresh weekend military confrontation between Washington and Tehran has shattered the fragile interim peace agreement.

Benzinga

John Bolton Says 'It’s A Dangerous Illusion' to Underestimate Iran, , Urges US Support For Opposition Ahead of Midterm Elections

Former National Security Advisor John Bolton called for stronger U.S. support for Iranian opposition groups, arguing that Washington should not underestimate the influence of Iran’s military leadership ahead of the November elections.

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