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The Latest Breaking News from Benzinga

Why Groupon Shares Are Trading Higher By Around 28%; Here Are 20 Stocks Moving Premarket

Shares of Groupon, Inc. (NASDAQ:GRPN) rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY25 sales guidance.

Benzinga

Palantir Exec Recalls Xi Jinping Predecessor's 1987 Dictum As China's Stronghold On Rare Earths Could Trigger 'Disaster' For America

Palantir Technologies Inc. (NYSE:PLTR) Head of Defense Mike Gallagher warned on Wednesday that China’s dominance in rare earth production poses an immediate threat to U.S. economic and national security.

Benzinga

Intel CEO Lip-Bu Tan Faces GOP Firestorm Over China Ties—Tom Cotton Demands Answers On $8 Billion CHIPS Act Grant, Cites Military Links

Sen. Tom Cotton (R-Ark.) is demanding Intel Corp. (NASDAQ:INTC) explain potential national security risks posed by CEO Lip-Bu Tan‘s extensive Chinese investments, raising concerns about the chipmaker’s $8 billion federal grant under the CHIPS Act.

Benzinga

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Hulu As A Standalone App Might Just Disappear As Disney Plots Unified Streaming Future — Bob Iger Says Combined Platform Will Boost Profitability

Walt Disney Co. (NYSE:DIS) is preparing to integrate Hulu into Disney+ as part of its broader push to streamline its streaming services, with CEO Bob Iger saying the move will improve consumer experience and profitability.

Benzinga

Redwire Corporation Plunges Over 24% Pre-Market Amid Disappointing Q2 Results

Redwire Corp. (NYSE:RDW) stock witnessed a drop of over 24 in value during pre-market trading following the company’s second-quarter earnings report.

Benzinga

Google Pledges $1 Billion For AI Training At US Universities, Aims To Expand Globally

In a strategic move, Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google has committed $1 billion to provide artificial intelligence (AI) offering educational resources and technical assistance to U.S. colleges and nonprofits.

Benzinga

This Ethereum Whale Could Have Taken Home Over $4 Million Profit – Now They Are Staring At Liquidation

A whale investor is on the brink of liquidation on Thursday after failing to secure profits worth $4.25 million on an Ethereum (CRYPTO: ETH) short bet.

Benzinga

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Paul Krugman Slams Donald Trump For Calling Jobs Report 'Rigged,' Says 'Every Accusation Is A Confession'

President Donald Trump's reaction to the latest jobs report, which showed a significant slowdown in hiring, has been met with sharp criticism from Nobel Prize-winning economist Paul Krugman.

Benzinga

This Congressman Bought Uranium Stocks Weeks Before A 40% Rally—While Serving On 6 Energy Committees, Co-Chairing The 'Advanced Nuclear Caucus'

An unusually well-timed trade by Rep. Chuck Fleischmann (R-Tenn.) is raising eyebrows, given the massive conflict of interest it represents.

Benzinga

Trump Administration Orders US Diplomats To Oppose EU's Digital Services Act: Report

The Trump administration has reportedly directed U.S. diplomats in Europe to launch a lobbying effort opposing the European Union’s (EU) Digital Services Act (DSA), citing concerns about free speech and potential financial harm to American tech firms.

Benzinga

Japanese Banking Giant Creates 'AI CEO' Using ChatGPT To Mimic Its Group Head: 'Sounds Like The Boss'

Sumitomo Mitsui Banking Corp. (NYSE:SMFG) has launched a ChatGPT-powered "AI CEO" that employees can ping for guidance, meant to mimic the thinking of Group CEO Toru Nakashima.

Benzinga

Two Teens Arrested After Brutal Attack On Trump's Ex-DOGE Staffer, Charged With Carjacking

A violent attempted carjacking in Washington, D.C., has reignited national debate over juvenile crime laws after a former Trump administration staffer was severely beaten while defending a woman.

Benzinga

McDonald's Says Trump Tariffs Creating 'Lot Of Anxiety And Unease' For Low-Income Consumers, Lowers Margin Target For 2025

McDonald’s Corp.‘s (NYSE:MCD) CEO Chris Kemczynski warned that a “lot of anxiety and unease” is affecting low-income consumers, speculating that rising tariffs could be a contributing factor, as the company revised its margin outlook for the year.

Benzinga

Fed Official Lisa Cook Flags 'Concerning' Jobs Report, Calls It 'Typical Of Turning Points' In US Economy

The recent jobs report has raised eyebrows at the Federal Reserve, with Governor Lisa Cook voicing her worries about what it could mean for the U.S. economy.

Benzinga

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Eric Jackson Calls Opendoor CEO Remarks Offensive, Tells Carrie Wheeler It Was Retail Investors That Saved Her Company From 'Brink Of Self-Immolation'

Investor Eric Jackson, who ignited Opendoor Technologies Inc.’s (NASDAQ:OPEN) 874% rally last month, is now publicly criticizing the company’s CEO, Carrie Wheeler, going as far as to call for her replacement.

Benzinga

Joby Aviation CEO Sets Sights On Pentagon's $9.4 Billion Budget For Uncrewed Aircraft, Targets 500 Aircraft Per Year

JoeBen Bevirt, CEO of Joby Aviation Inc. (NASDAQ:JOBY), says that the company sees a lot of potential in the Pentagon's $9.4 billion budget for uncrewed aircraft.

Benzinga

'Zuck Poaching Effect' Pushes OpenAI To Announce $1.5 Million Bonus For All Employees—Even New Hires, Says Tech Entrepreneur

OpenAI has reportedly offered $1.5 million bonuses for every employee over two years, including new hires, as the artificial intelligence giant battles Meta Platforms Inc. (NASDAQ:META) and other tech titans in a talent war.

Benzinga

Trump Backs FBI Intervention As Texas Republicans Hunt Democrats Amid Quorum Crisis

Texas Republicans are escalating their efforts to apprehend Democratic lawmakers who fled the state to block a controversial redistricting plan that could hand the GOP five additional seats in Congress.

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Uber CEO Welcomes Tesla's Robotaxi Entry, But Says There Will Be No Winner-Take-All: 'Could Be A Competitor, Could Be A Partner'

Uber Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi said Tesla Inc.'s (NASDAQ:TSLA) foray into robotaxis is a positive step for the autonomous driving industry, noting that the future market is large enough for multiple players to succeed.

Benzinga

Trump May End Up Exposing US Consumers As 'Paper Tigers,' Says Economist Peter Schiff On 50% India Tariffs

Economist Peter Schiff warned Tuesday that President Donald Trump's decision to double tariffs on Indian imports to 50% could "expose the U.S. consumer as a paper tiger," predicting a dollar crash that would "impoverish Americans but enrich foreign consumers, particularly the BRICs."

Benzinga

XRP Trades Higher On Crypto Market Rebound — Analyst Sets Price Target At $7

XRP (CRYPTO: XRP) is trading higher late Wednesday, spurred by broader cryptocurrency momentum and a strategic partnership.

Benzinga

Airbnb's CFO Warns of Slower Growth Ahead: Sees 'Difficult Year-Over-Year Comparison' After Booking Surge In 2024 — Stock Dips Over 6%

Vacation rental platform, Airbnb Inc. (NASDAQ:ABNB), is warning investors to brace for a deceleration in growth during the latter half of this year, as the company reels from tough year-over-year comparisons, due to its unusually strong performance in late-2024.

Benzinga

Apple's $100 Billion Manufacturing Push Likely Won't Raise Product Prices, Says Gene Munster — Made In USA iPhone Still Off The Table

Apple Inc.'s (NASDAQ:AAPL) latest $100 billion investment in U.S. manufacturing is unlikely to impact product pricing, according to Deepwater Asset Management's Gene Munster, who says iPhone assembly will continue to take place abroad.

Benzinga

Trump Eyes Putin Meeting After 'Great Progress' In Moscow—Zelenskyy Talks Also On The Table

President Donald Trump could meet with Russian President Vladimir Putin as early as next week to discuss Ukraine peace negotiations, a White House official said on Wednesday, as markets brace for the potential implementation of sanctions targeting the global oil trade.

Benzinga

Trump Admins' 401(k) Private Equity Experiment Picks Up Speed, But Retirement Advisors Worried About The Risk

Retirement savers are getting a new window into private markets, but a fresh debate has begun brewing over whether the asset class belongs in everyday 401(k)s.

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