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The Latest Breaking News from Benzinga

Steve Eisman Says We're 'Not Yet' In A Bubble Amid A Hot IPO Market: 'People Can Get Carried Away, But Valuations Correct Quickly'

Investor Steve Eisman, best known for calling out the 2008 subprime debt crisis, weighed in on whether today's market resembles a bubble as IPOs surge and retail enthusiasm fuels big price swings.

Benzinga

Pope Leo Slams Elon Musk's Trillion Dollar Pay Package, Condemns Widening Income Disparity In Society: 'We're In Big Trouble'

In his first media interview, Pope Leo XIV criticized the exorbitant compensation packages of corporate executives, particularly singling out Elon Musk‘s $1 trillion pay plan.

Benzinga

Democrats Push Trump To Include A Cap On China's Overproduction In Bilateral Trade Deal: Report

U.S. Democrats have reportedly called on the Trump administration to address China’s “structural overproduction” as part of any future bilateral trade agreement.

Benzinga

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Eric Jackson Rejects 'Roaring Kitty' Label: OPEN 'Isn't A Meme Stock. It's A Cult Stock,' Unlike GME

Eric Jackson, founder of EMJ Capital, has pushed back on comparisons to legendary GameStop Corp. (NYSE:GME) retail investor “Roaring Kitty,” asserting that his conviction in Opendoor Technologies Inc. (NASDAQ:OPEN) stems from fundamental value rather than internet virality.

Benzinga

Dan Ives Says Tesla's AI And Robotaxi Business Worth At Least $1 Trillion, Company And Musk Headed For 'Important Chapter' In Growth Story

Over the weekend, Wedbush Securities analyst Dan Ives said Tesla Inc. (NASDAQ:TSLA) is on the verge of its most significant phase yet, arguing that the company's artificial intelligence and robotaxi ambitions could unlock at least $1 trillion in value.

Benzinga

Tesla Discontinues Cybertruck RWD Variant 5 Months After Launch Amid Poor Sales: Report

Tesla Inc. (NASDAQ:TSLA) has discontinued the rear-wheel drive trim of the Cybertruck as the automaker grapples with poor sales figures.

Benzinga

Chuck Schumer Says Putin Is Testing Trump In Poland And Romania: President's 'Weakness' Will Hurt The United States Badly

Senate Majority Leader Chuck Schumer (D-N.Y.) said Sunday that Vladimir Putin is "repeatedly testing" President Donald Trump after Romania reported a Russian drone incursion in its airspace, the second such breach of NATO territory in less than a week.

Benzinga

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Tesla's Good News Could End In 2 Weeks, Followed By 'Long Winter,' Says Ross Gerber Amid TSLA Stock Rally

Gerber Kawasaki's co-founder, Ross Gerber, has stated that Tesla Inc.'s (NASDAQ:TSLA) surge in value may be temporary, as the EV giant's sales figures surpass analyst estimates.

Benzinga

Moody's Mark Zandi Warns Of 'Uncomfortably High' 48% Probability Of US Recession In Next 12 Months

The U.S. economy faces an “uncomfortably high” 48% probability of slipping into a recession within the next 12 months, according to Mark Zandi, Chief Economist at Moody's Analytics.

Benzinga

Former Labor Bureau Chief Says 910,000 March Payroll Revision 'Unusually Big,' But Still 'Normal Procedure'

Former Bureau of Labor Statistics Commissioner Erica Groshen defended the agency's recent payroll revision that shaved 910,000 jobs off its March estimate, describing it as “unusually big” but well within the bounds of standard practices at the bureau.

Benzinga

Adam Schiff Says Trump Pledged Lower Prices, But Eggs Are Up 16% And Coffee Is More Expensive By 14%: 'Betrayed That Promise'

Lawmakers and consumers are feeling the pinch as rising prices across food, housing, and energy sectors highlight broken campaign promises on affordability.

Benzinga

Peter Schiff Asks Why Bitcoin Is Selling Off While Stocks, Gold Trade At Record Highs — Arthur Hayes Wants Investors To 'Readjust' Perspective

Economist Peter Schiff on Sunday took a dig at Bitcoin’s (CRYPTO: BTC) underperformance amid record-breaking market highs in stocks and gold.

Benzinga

Bernie Sanders Says Trump's Cuts To Obamacare Must Be Axed Or Else Premiums Will Rise By 75%: 'No One Can Afford That'

Sen. Bernie Sanders (I-Vt.) said on Sunday that Congress should reverse what he called "Trump's cuts to the Affordable Care Act," warning that premiums could spike by roughly three-quarters for millions if enhanced federal subsidies lapse at year's end.

Benzinga

Gene Munster Says iPhone Cycle Is Off To A 'Solid Start,' Cites Data From Chinese Retail Giant To Underscore Optimism

Apple Inc.'s (NASDAQ:AAPL) iPhone 17 launch appears to be gaining momentum, with analyst Gene Munster noting that pre-orders on China's JD.com Inc. (NASDAQ:JD) have surpassed last year's iPhone 16 levels, excluding the delayed iPhone Air model.

Benzinga

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Benzinga

Dan Ives Predicts $1 Trillion Opportunity For Tesla's AI, Autonomous Exploits, Says Elon Musk Is In 'Wartime CEO' Mode

Wedbush Securities' investor and Tesla Inc. (NASDAQ:TSLA) bull Dan Ives has predicted a $1 trillion market opportunity for the Elon Musk-led EV giant's robotics and autonomous push.

Benzinga

Gavin Newsom Quotes Bible In Response To Brian Kilmeade's 'Just Kill Them' Remark On Homeless: 'Whoever Closes His Ear To The Cry Of The Poor…'

Fox News host Brian Kilmeade drew heavy backlash after making a shocking remark about the homeless and mentally ill, prompting California Governor Gavin Newsom (D) to quote scripture.

Benzinga

Trump Trying To 'Take Over The Fed,' Says Elizabeth Warren: Turkey, Argentina And Nixon-Era Serve As Cautionary Tales, Warns Senator

Sen. Elizabeth Warren (D-Mass.) accused President Donald Trump of attempting to undermine the independence of the Federal Reserve, warning that such a move could spark inflation, driving up costs substantially for American families.

Benzinga

Shiba Inu's Layer-2 Network Breached, Over $1 Million Each in Ethereum, SHIB Stolen: How It Was Done

The Shiba Inu (CRYPTO: SHIB) team posted a detailed account of the hacking incident that impacted its ecosystem on Saturday, including details about the assets affected and subsequent actions taken.

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news in one place.

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Benzinga

Trump Poised To Delay TikTok Deadline Again Amid US–China Tension: 'We May Let It Die'

President Donald Trump is expected to grant another extension on the TikTok divestment deadline, as ByteDance, the Chinese tech giant behind the app, strengthens its financial footing with soaring revenue and a $330 billion valuation.

Benzinga

Trump's Firing Fed Governor Lisa Cook 'For Cause' Not Subject To 'Judicial Second-Guessing,' Says The DOJ Ahead Of FOMC Meeting

Ahead of the Federal Reserve’s key vote on interest rates this week, the Justice Department has made a fresh attempt to stay a lower court's injunction blocking President Donald Trump’s firing of Fed Governor Lisa Cook.

Benzinga

Anthony Scaramucci Says A Tesla–xAI Merger 'Feels Inevitable' As Shareholders Push For Investment In Grok Parent

On Sunday, Anthony Scaramucci fueled speculation about a potential Tesla Inc. (NASDAQ:TSLA)–xAI merger. The SkyBridge Capital founder said on X that it "feels inevitable" as Elon Musk ramps up efforts to integrate artificial intelligence into his companies.

Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Slip Ahead Of Fed Rate Cut Decision: Analyst Predicts 'Short-Term Dip' For ETH Before $10,000 Move

Leading cryptocurrencies fell on Sunday, while stock futures rose, as investors awaited the Federal Reserve’s decision on rate cuts.

Benzinga

He Sold 100 Bitcoin For $1.5 Million In 2017. Today That Same Bitcoin Would Be Worth $11 Million—'It Did Not Maximize My Wealth, But…'

When Bitcoin first hit $20,000 back in 2017, one early adopter decided it was time to cash out. He sold 100 BTC and all his Bitcoin Cash for an after-tax profit of $1.5 million. At the time, it felt like the right move. Eight years later, that same 100 BTC…

Benzinga

Dave Ramsey Sides With Husband Who Refuses to Support Wife's 80-Year-Old Parents, Tells Caller Her Siblings Are 'Milking You Like A Cow'

When couples recite their vows, the promise usually covers sickness, health, richer, poorer, and everything in between. But rarely does anyone picture adding "and your 80-year-old parents' mortgage" to the list. That was the case for Serena from Raleigh, who called into "The Ramsey Show" in an episode titled "My…

Benzinga

Plunging Mortgage Rates Could Light Up These 9 Stocks

Mortgage rates are dropping at their fastest pace in nearly a year which could give a much needed boost to the frozen housing market— as well as stocks tied to home loan servicers, builders and home retailers.

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