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The Latest Breaking News from Benzinga

AI Arms Race Heats Up As Startups Borrow Billions To Buy Nvidia GPUs

Amid rising infrastructure demands, AI startups like Crusoe Energy Systems are tapping large-scale credit lines, PitchBook reported. Crusoe last month raised a $750 million credit facility from Brookfield Asset Management (NYSE:BAM) to expand its data centers and acquire more graphics processing units from Nvidia Corp. (NASDAQ:NVDA).

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Shaquille O'Neal Says He'll Invest in Anything Mark Cuban Touches — 'He Could Say I Got a Toilet Tissue Brand Coming Out… I'm Doing It'

Shaquille O'Neal is a basketball legend and, at this point, just as famous for his investments as his free throws—arguably more so. People follow his money moves almost as closely as his one-liners. One of his most quoted? The line he famously tells his kids: "We ain't rich. I'm rich."

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Elon Musk's Hitchhiker's Galaxy Meets Buc-ee's Drive-In Restaurant Nears Completion: Will Tesla Accept Dogecoin?

Elon Musk's plan from 2018 to launch a Tesla drive-in restaurant with movie screens, a restaurant and Supercharger stations is nearing completion and could soon be open to the public.

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Diesel Squeeze Puts Oil ETFs Back In Focus—But Will The Rally Run Dry?

A quiet storm is brewing in the energy markets, and diesel is right in the middle of it.

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Stock Of The Day: PepsiCo's Former Floor Becomes Ceiling—Sellers Lining Up

Shares of PepsiCo, Inc. (NASDAQ:PEP) traded lower Friday after Thursday's gain of almost 7.5%. The move higher was driven by an earnings surprise. Second-quarter earnings came in at $2.12, which was above the estimated $2.02.

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A Millennial Asks, 'Anyone Else Grow Up Rich And Now Totally Isn't?' Says Being Wealthy 'Just Seemed So Much Easier Back Then'

A millennial started an interesting conversation on Reddit recently after asking a simple but loaded question: “Anyone else grow up rich and now totally isn’t?” The post really spoke to a lot of millennials who feel like life got a lot harder than it was for their parents.

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Options Corner: Visa Is Setting Up A Statistical Breakout That You Don't Want To Miss

Multinational payment card services provider Visa (NYSE:V) continues to perform as a consistently reliable blue-chip enterprise. On a year-to-date basis, V stock has gained just over 10%, which is a modest but noticeable improvement over the benchmark SP 500 index. At the same time, broader economic concerns cloud the company,…

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Wall Street Sets New Records As Magnificent Seven Valuation Tops $18.5 Trillion: This Week In Markets

Wall Street extended its historic rally this week, with major benchmarks such as the SP 500 and the tech-heavy Nasdaq 100 hitting fresh all-time highs, as strong corporate earnings, robust economic data and AI-fueled tech momentum continued to boost investor optimism.

Benzinga

Snoop Dogg Vs. Tom Brady Vs. Ryan Reynolds: Rapper's Soccer Team Stake Puts Him Against Other Celeb Owners

Rapper Snoop Dogg once bid on an NHL franchise and while he missed out on owning the Ottawa Senators, he recently took a stake in a soccer team.

Benzinga

MicroStrategy (MSTR) Stock Slides 5% Despite Landmark Crypto Legislation

Shares of business intelligence firm and major Bitcoin (CRYPTO: BTC) holder MicroStrategy Inc Class A (NASDAQ:MSTR) are trading lower Friday afternoon, bucking the broader optimism sweeping the cryptocurrency sector.

Benzinga

What's Going On With Talen Energy Shares Today?

Talen Energy Corporation (NASDAQ:TLN) shares are trading higher Friday after the company announced it signed definitive agreements to acquire two major natural gas-fired power plants.

Benzinga

'Throw Yourself In With Zealous Passion,' Says Etsy CEO Josh Silverman, Who Went From Theater Major To Running A $5.3 Billion Company

"Throw yourself in with zealous passion," Etsy Inc. (NASDAQ:ETSY) CEO Josh Silverman told Pace University graduates during a commencement speech in May 19. Silverman urged graduates to find work they enjoy. He said over-delivering on every task sparks career-launching opportunities for today's most ambitious new hires.

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Bitcoin Stuck Below $118,000 As Ethereum, XRP, Dogecoin Extend Gains

Cryptocurrency markets are trading sideways on Friday as Bitcoin continues to trade below the $118,000 mark.

Benzinga

Bill Ackman Nixes Netflix In 2022: Here's How Much He Could Have Made

Netflix Inc (NASDAQ:NFLX) stock is down Friday after the company beat analyst estimates for the second quarter. Investors see the beat as lower than expected, and higher costs in the second half could be scaring some away.

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Meta Raids Apple's AI Lab With Big Paychecks—Zuckerberg Bets To Win The AI Race

Meta Platforms (NASDAQ:META) has intensified its AI talent war by hiring two key former Apple (NASDAQ:AAPL) engineers, Mark Lee and Tom Gunter, for its Superintelligence Labs team.

Benzinga

Trump Just Got A $756 Billion Message From China — And It's Not Friendly

Despite a Washington-Beijing trade truce at May’s Geneva summit, China just dropped its U.S. Treasury holdings to the lowest level in over 16 years ― and the timing couldn't be more telling.

Benzinga

Lay's, Tostitos Comeback Set To Ignite Q4, But Can PepsiCo Fend Off Q3 Earnings Dip?

PepsiCo, Inc. (NASDAQ:PEP) is making bold operational shifts across its global portfolio as it navigates shifting demand patterns and prepares for key product relaunches.

Benzinga

Lucid Scores Big With Uber Deal--But For Uber, It's Just Another Ride

Uber Technologies, Inc. (NYSE:UBER) just made a multi-billion dollar bet on Lucid Motors Group, Inc. (NASDAQ:LCID) and Wall Street is buzzing about the deal.

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Benzinga

Bit Origin Shares Are Trading Higher Friday: What's Going On?

Bit Origin (NASDAQ:BTOG) shares are trading higher Friday on possible continued momentum after the company announced Thursday that it secured $500 million in equity and debt facilities to launch the company’s Dogecoin (CRYPTO: DOGE) treasury strategy.

Benzinga

SharpLink (SBET) Shares Plunge After Filing To Sell An Additional $5 Billion in Stock

Shares of SharpLink Gaming Inc (NASDAQ:SBET) are trading lower Friday, pulling back from a significant rally earlier in the week. The decline follows a prospectus filed with the SEC after market close on Thursday, revealing plans to massively increase its stock offering program.

Benzinga

Charles Schwab To Launch Bitcoin, Ethereum Trading Services (CORRECTED)

Editor's note: This article has been updated to correct the name of Schwab's CEO.

Benzinga

Corn Crash Or Sugar Rush? ETFs React To Trump's Sweet Talk On Coca-Cola

A seemingly offhand comment by President Donald Trump may have caused more than political rumination; it’s now causing turmoil in commodity markets, with impacts for ETF investors.

Benzinga

ASPI Stock Soars Amid Isotope Production Milestones, Capacity Boost: What Investors Need To Know

ASP Isotopes Inc (NASDAQ:ASPI) shares are surging Friday morning as the stock trends across social media. The company on Thursday provided several positive updates on its isotope enrichment facilities in Pretoria, South Africa. Here’s what investors need to know.

Benzinga

If You Invested $1,000 In Ethereum At Launch, Here's How Much You'd Have Today

Cryptocurrency Ethereum (CRYPTO: ETH) is up 20% over the past week and more than 40% over the past month, but remains below the all-time highs set in 2021.

Benzinga

Is Washington Handing China A Win With Nvidia Sales?

Nvidia (NASDAQ:NVDA) stock is taking a hit Friday as a U.S. government decision to permit the chip giant to resume sales of its H20 AI chips to China faces strong opposition from House Select Committee on China Chairman John Moolenaar.

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