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The Latest Breaking News from Benzinga

Kevin O'Leary Says AI Is Nowhere Near Bubble — Real Crisis Is Global Power Shortage As Data Center Demand Explodes

Benzinga

US Approves Over $1 Billion Potential Defense Equipment Sales To Bahrain, Saudi Arabia

The U.S. State Department has authorized a potential Foreign Military Sale (FMS) to Bahrain for F-16 sustainment and associated equipment, valued at approximately $445 million, and a potential $1 billion military helicopter sale to Saudi Arabia.

Benzinga

Dave Ramsey Experts Offer Guidance To Minnesota Family Struggling With $50,000 Debt, Counseling Expenses

A Minnesota couple in their 40s turned to The Ramsey Show for advice after discovering $50,000 in debt and struggling to balance finances with ongoing family counseling.

Benzinga

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S&P 500 Could Reach 7,300 By Year-End Despite December's Rocky Start, Fueled By Fed Policy, Seasonal Trends, Says Tom Lee

Despite a turbulent start to the month, Fundstrat Global Advisors' Managing Partner and CIO Tom Lee remains steadfast in his bullish outlook, forecasting that the SP 500 could rally to between 7,200 and 7,300 before the year concludes.

Benzinga

Moody's Chief Economist Sounds Alarm On AI Over-Investment, Soaring Debt — Says Risks Could Hit Credit Markets, Not Just Investors

As the race for artificial intelligence (AI) dominance accelerates, Moody's Analytics Chief Economist Mark Zandi is sounding the alarm on a growing financial risk that sets the current tech boom apart from the dot-com era: massive corporate debt.

Benzinga

Alexis Ohanian Backs Prediction AI Will Make People '100X More Productive, Reddit Co-Founder Says Sam Altman Convinced Him Back In 2023

On Monday, Reddit Inc. (NASDAQ:RDDT) co-founder Alexis Ohanian endorsed a prediction that future workers could be 100 times more productive — a view he says OpenAI's Sam Altman convinced him of in 2023.

Benzinga

Michael Saylor's Company Will Be Forced To Sell Bitcoin Before Year-End? Crypto Punters On Polymarket Have This To Say

Strategy Inc. (NASDAQ:MSTR) might be experiencing some financial pressure, but cryptocurrency punters don’t think the company will be forced to sell its Bitcoin (CRYPTO: BTC) holdings this year.

Benzinga

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Elizabeth Warren Says Social Security Goal To Reduce Office Visits In 2026 Is 'Another Way' To Make It Harder For Americans To Claim Benefits

Sen. Elizabeth Warren (D-Mass.) on Monday blasted the Social Security Administration's plan to sharply reduce in-person visits to its field offices, warning that the agency's new target to cut 15 million visits a year will make it harder for Americans to access benefits they have earned.

Benzinga

Starbucks To Pay Historic $38 Million Penalty Over NYC's Labor Law Violations Amid Protests Backed By Bernie Sanders, Zohran Mamdani

Starbucks Corporation (NASDAQ:SBUX) has agreed to a $38 million settlement with New York City over allegations of violating the city’s labor laws.

Benzinga

Trump Spurns Maduro's Amnesty Requests, Narrowing Path To Safe Exit From Venezuela: Report

Venezuela's President Nicolás Maduro has fewer paths to a U.S.-guaranteed exit after President Donald Trump rejected a series of sweeping requests for amnesty and sanctions relief during a brief call last month, according to people briefed on the conversation.

Benzinga

Scott Bessent Orders Treasury Probe Into Claims Minnesota Tax Dollars Diverted To Somali Terrorist Organization Under 'Feckless' Biden Administration

The U.S. Treasury Secretary Scott Bessent has opened a formal investigation into allegations that Minnesota taxpayers' money may have been diverted to the Somali terrorist group Al-Shabaab through alleged fraud schemes.

Benzinga

Dan Ives Sees 1 Trillion Future For Palantir Over 2 To 3 Years, Says Alex Karp-Led Company 'Playing A Different Game'

Tech stocks could see another year of double-digit gains, according to Wedbush analyst Dan Ives, who predicts another rally led by advances in artificial intelligence.

Benzinga

Kalshi Launches Predictions On Solana To 'Tap Billions' In On-Chain Liquidity: 'Tokenization Is The End Game'

Kalshi announced the launch of tokenized predictions on the Solana (CRYPTO: SOL) network on Monday, enabling users to trade its contracts on-chain.

Benzinga

Days After Praising Tesla's FSD, Ross Gerber Now Highlights Key Issue With EV Giant's Self-Driving Technology: '...Needs To Be Addressed'

Investor Ross Gerber, co-founder of investment firm Gerber Kawasaki, has outlined a key issue with Tesla Inc.'s (NASDAQ:TSLA) Full Self-Driving (FSD) system.

Benzinga

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Sean Duffy Says Tim Walz Has 30 Days To Rectify Discrepancies Or Lose $30 Million In Federal Funds Amid Illegal CDL Row: 'Fix This Or…'

Transportation Secretary Sean Duffy has slammed Minnesota Governor and Democratic Party leader Tim Walz (D-Minn.) for illegally issuing Commercial Driving Licenses (CDLs).

Benzinga

Dow Dips Over 400 Points: Fear & Greed Index Remains In 'Extreme Fear' Zone

The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the “Extreme Fear” zone on Monday.

Benzinga

Gene Munster Says Apple's AI Chief Was Probably Requested To 'Retire' By Tim Cook, As CEO Is 'Very Intense' About His Final Years

On Monday, Deepwater Asset Management's managing partner Gene Munster thinks Apple Inc. (NASDAQ:AAPL) CEO Tim Cook's drive to advance artificial intelligence is intensifying as longtime AI chief John Giannandrea plans to retire in spring 2026.

Benzinga

Hillary Clinton Says Trump's 'Corruption' Extends To Selling Out Ukraine So Family And Friends Can 'Make A Few Bucks'

Former Secretary of State Hillary Clinton accused President Donald Trump's administration on Sunday of "selling out" Ukraine and U.S. interests to Russia so Trump's family and allies can profit from a proposed peace deal.

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Benzinga

'Big Short' Michael Burry Warns Tesla Is 'Ridiculously Overvalued' — Says 'Elon Cult' Remains Bullish Until Competition Shows Up

"The Big Short" investor Michael Burry, known for his profitable bet against the U.S. housing market during the 2008 financial crisis, has slammed Tesla Inc.'s (NASDAQ:TSLA) valuation. Could the EV giant be his next target?

Benzinga

Trump's Doctor Shares MRI Scan Results, White House Confirms Heart And Abdominal Scans 'Perfectly Normal' Amid Transparency Debate

The White House on Monday released a detailed memo on President Donald Trump's previously undisclosed MRI exam, fueling new scrutiny over transparency even as his physician reported entirely normal results.

Benzinga

Howard Lutnick Says Trump Administration Chip R&D Partnership With Former Intel CEO Pat Gelsinger's Startup Can 'Fundamentally Rewrite The Limits'

On Monday, the Donald Trump administration said it has signed a preliminary, nonbinding agreement to take an equity stake in xLight.

Benzinga

Kevin O'Leary Says Altcoins Not 'Bouncing Back' As Investors Realize Bitcoin And Ethereum Are All You Need In Crypto: 'They Have No Use Case'

Renowned investor and media personality Kevin O'Leary said Monday that altcoins are no longer bouncing back after market corrections, as investor attention is now solely on Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Benzinga

Mohamed El-Erian Says The Federal Reserve Needs A Reset, Cites Deep Structural Issues — 'This Fed Went To Sleep'

Leading economist Mohamed El-Erian is calling for sweeping reforms at the Federal Reserve, warning that the central bank’s credibility is at risk following a prolonged period of policy missteps and internal dysfunction in recent years.

Benzinga

Prison Guard Says Luigi Mangione Talked About 3D-Printed Pistol Before Arrest 'Without Prompting'

A Pennsylvania prison guard testified that Luigi Mangione, the man accused of murdering UnitedHealthcare (NYSE:UNH) CEO Brian Thompson, told him he had a 3D-printed gun in his backpack when police arrested him, adding a new wrinkle to a high-stakes fight over what evidence jurors will see.

Benzinga

Chuck Schumer Says Power To Declare War Not With Trump, Will Block Troop Deployment In Venezuela If President Continues Attacks

Senate Minority Leader Chuck Schumer (D-N.Y.) warned on Monday that he will move to block any U.S. troop deployment to Venezuela, vowing to "immediately" trigger a bipartisan war powers fight if President Donald Trump orders strikes on the South American country.

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