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The Latest Breaking News from Benzinga

Trump’s Illegal Tariffs Delivered 85% of Apple’s Earnings Beat

Apple Inc (NASDAQ:AAPL) beat analyst estimates for both revenue and earnings per share for a 15th straight quarter on Thursday. Investors may be surprised to learn how much of an impact tariff refunds had on the earnings beat.

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Microsoft Stock Eyes Best Week Since 2000: History Has a Warning for Buyers

Microsoft Corp. (NASDAQ:MSFT) added roughly $450 billion of market value on Thursday, the largest one-day market-cap gain any company has ever posted.

Benzinga

Fed's Beth Hammack Warns Inflation Won't Fall on Its Own, Says Waiting Could Be a 'Costly' Mistake: 'Now Is the Time'

Federal Reserve Bank of Cleveland President Beth Hammack said inflation remains too high and is unlikely to return to the Fed’s target without additional action from the central bank.

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Exxon Mobil Misses Profit Mark After Refinery Maintenance Blunts Oil Price Windfall

Exxon Mobil Corp. (NYSE:XOM) stock edged lower in Friday’s premarket session after the oil major reported mixed second-quarter results, with revenue topping Wall Street estimates.

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US Mortgage Rates Hit Highest Level in a Year as Fed Uncertainty and Iran Tensions Loom

U.S. mortgage rates climbed to their highest level in a year, with the average rate on a 30-year fixed mortgage rising to 6.66% for the week ending July 30, according to Freddie Mac’s Primary Mortgage Market Survey released Thursday.

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Donald Trump's Net Worth Surges by $600 Million in Less Than a Month: What's Driving the Jump?

Trump Media & Technology Group Corp (NASDAQ:DJT) stock surged nearly 49% from its lowest level in June, boosting the net worth of President Donald Trump.

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Mark Kelly Breaks With Democrats' Far Left Demands on Police, Prisons and the Pentagon, Warns It Could Cost Seats in November : 'Those Things Don't...'

Sen. Mark Kelly (D-Ariz.) warned that far-left demands to abolish police, eliminate prisons and the border, and defund the Pentagon are hurting Democrats, even as the party builds a polling lead over Republicans before November’s midterm elections.

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Trump Administration Targets 100 ACA Agents Over Fake Enrollments as CMS Warns 35% of Marketplace Signups Could Be Illegitimate

The Trump administration is sending notices of intent to 100 agents affiliated with the Affordable Care Act marketplace who allegedly violated the exchange’s standards of conduct by submitting insurance applications without recipients’ Social Security numbers or other identifying information, according to a report published Thursday by Fox Business.

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Robert Reich Says Americans Are 'Getting Charged Twice' as Trump's Iran War Raises Gas Prices, Boosts Big Oil Profits

Economist Robert Reich says the ongoing Iran war, which has induced sharp hikes in gas prices across the U.S., has handed a boost to the oil industry’s profits, slamming President Donald Trump‘s pro-oil stance.

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Trump Hails 'Historic' Hamas Disarmament Agreement as Israel Remains Skeptical

President Donald Trump announced Thursday that the Board of Peace reached what he called “a HISTORIC agreement for the COMPLETE DISARMAMENT of Hamas and all armed groups in Gaza,” calling it a major milestone in his 20-point peace plan.

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Ukraine's Envoy to US Warns Kyiv Can't Wait Years for Defenses as Russian Attacks Intensify, Says 'We Need the Missiles' Before Winter

Ukraine’s envoy to the United States said Kyiv urgently needs anti-ballistic missiles before winter as Russia intensifies overnight attacks, warning that Ukraine cannot wait years for domestic production to begin.

Benzinga

Apple's Services Slowdown Has a Weird Culprit: No F1 Movie This Year

Apple Inc. (NASDAQ:AAPL) said its red-hot Services division lost some momentum in the fiscal third quarter, with CFO Kevan Parekh pointing to an unusual culprit: there was no blockbuster “F1“ movie release this year to boost Apple TV+ revenue.

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Stock Market Today: S&P 500, Dow, Nasdaq 100 Futures Gain Amid Cooler June PCE Inflation Data and Slower-Than-Expected Q2 GDP—Apple, Amazon, Coinbase in Focus (UPDATED)

(Editor’s note: The ETFs data was updated.)

Benzinga

Bernie Sanders Mocks Meta CEO Mark Zuckerberg Over Potential $10.5 Billion Tax Bill in California: 'How Will He Survive?'

Sen. Bernie Sanders (I-Vt.) on Thursday said Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg could owe about $10.5 billion if California voters approve a proposed 5% billionaire wealth tax in November, saying the revenue could help preserve healthcare for 3 million low-income people.

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

The S&P 500 rebounded sharply on Thursday as strong earnings from Microsoft Corp. (NASDAQ:MSFT) and a broad rally in semiconductor stocks lifted investor sentiment following the previous session’s selloff. Polymarket traders now expect the benchmark index to extend those gains at Friday’s open.

Benzinga

AMZN Stock Soars 12% in Pre-Market Trading After Blowout Q2 Results as Analyst Says Amazon Is Already 'Monetizing' Its AI Investments

Amazon.com, Inc. (NASDAQ:AMZN) shares surged over 12% in Friday’s pre-market trading after the e-commerce and cloud-computing giant reported stronger-than-expected second-quarter results.

Benzinga

Trump's Iran War Support Collapses to 28% as GOP Voters Turn Sour Over Rising Gas Prices, Lack of Transparency: 'Buried Into This Mess...'

Two-thirds of Americans say President Donald Trump’s war with Iran has not been worth fighting, while approval of his handling of the conflict has fallen to 28%, according to a new AP-NORC poll.

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Rivian CEO Explains Why Chinese EV Makers Are So Hard to Beat: 'The Capital Cost Is Zero'

Rivian Automotive Inc. (NASDAQ:RIVN) CEO RJ Scaringe, during the automaker’s second-quarter earnings call on Thursday, shared his view on why Chinese auto companies were hard to compete against, and it all comes down to the cost structure.

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Apple Underestimated Its Own Customers: AAPL CEO Tim Cook Blames 'Demand Forecast Issue' for Q4 Supply Bottlenecks

Apple Inc.’s (NASDAQ:AAPL) record-breaking fiscal third quarter is being overshadowed by looming fourth-quarter supply shortages. The surprising culprit? The tech giant underestimated consumer demand for its own products, contributing to a weaker-than-expected September-quarter outlook and a sharp drop in after-hours trading.

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Elon Musk Dismisses Report Tesla Could Sell Chinese Business for SpaceX Merger: 'Absurdly Fake News'

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has dismissed reports of the EV giant mulling the sale of its Chinese arm that could have reportedly paved the way for a potential merger with Space Exploration Technologies Corp. (NASDAQ:SPCX).

Benzinga

iPhone Prices to Go up as Memory Chip Costs Keep Climbing? Tim Cook Says Apple Is 'Evaluating All Options'

Apple Inc. (NASDAQ:AAPL) is facing rising memory chip costs that could pressure its business beyond the September quarter, with outgoing CEO Tim Cook saying the company is exploring ways to manage the impact without revealing whether higher costs could eventually affect product pricing.

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Trump's DOT Introduces Changes to 'Accelerate' AV Deployment, Directs NHTSA to Grant Zoox Temporary Exemption

The Donald Trump administration on Thursday introduced changes to Department of Transportation (DOT) regulations aimed at expediting the development and deployment of autonomous vehicles, granting Amazon.com Inc.‘s (NASDAQ:AMZN) Robotaxi operator Zoox a temporary exemption to deploy its driverless vehicles commercially.

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Gary Black Says Meta Stock Could Mirror Alphabet's Post-Earnings Recovery: Here's Why the Analyst Calls Google 'The Better Business'

The Future Fund‘s Gary Black said Meta Platforms Inc.‘s (NASDAQ:META) post-earnings selloff could mirror Google parent Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) recovery over this week, as investors look past conservative guidance and one-time items.

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Ross Gerber Calls Higher Oil Prices a 'Tax' on Non-EV Consumers, Says Trump Is 'Too Scared' to Escalate Iran War

Investor Ross Gerber on Thursday said that heightened oil prices amid the ongoing war with Iran have negatively impacted consumers with more costs as he casts doubt on President Donald Trump‘s willingness to escalate the situation.

Benzinga

Anthropic Finds Claude Accessed Three Companies' Systems in Security Tests After OpenAI's Hugging Face Breach

On Thursday, Anthropic said its Claude AI models accessed the systems of three outside companies during cybersecurity evaluations after a configuration error gave the models unintended access to the live internet.

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