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The Latest Breaking News from Benzinga

Pete Hegseth Has ‘Lost My Confidence,’ Thom Tillis Says as Republicans Warn Pentagon Leadership Is Failing to Deliver an Iran Endgame

Republican criticism of Defense Secretary Pete Hegseth intensified as the nearly five-month U.S. war with Iran strained military budgets, disrupted shipping routes and left lawmakers demanding a clearer endgame.

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Kevin O'Leary Slams NYC Mayor Mamdani's 30% Grocery Discount Plan, Warning Stores Will Lose Money On 'Every Single Sale': 'Who Will Pay for Those Losses?'

New York City Mayor Zohran Kwame Mamdani on Monday unveiled a plan to offer a 30% discount on essential groceries at five city-backed grocery stores, prompting criticism from “Shark Tank” investor Kevin O’Leary, who said taxpayers would ultimately bear the cost.

Benzinga

Nvidia CEO Jensen Huang Set to Hold High-Stakes Meetings With Congress Members on 'American Leadership' in AI

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang is set to hold meetings with members of Congress in Washington this week to discuss the future of artificial intelligence and America’s position in the global AI race.

Benzinga

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Cracker Barrel CEO Julie Masino Steps Down Nearly a Year After 'Woke' Logo Backlash That Left Her Feeling 'Fired By America'— Former Yum! Executive David Deno to Take Over

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) CEO Julie Masino is stepping down, the company announced Monday, nearly a year after its controversial branding modernization sparked political backlash.

Benzinga

Chris Christie Warns Republicans About ‘Deadly Numbers’ — Take 'Distance' From Trump or 'Go Down With Him'

Former Gov. Chris Christie (R-N.J.) warned that Republican candidates could face growing political risks if they remain closely tied to President Donald Trump as voters express dissatisfaction with his administration’s performance.

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Gavin Newsom Slams Trump Over Rising Gas Prices, Accuses GM of Helping ‘Gut’ California’s Emissions Standards

Gov. Gavin Newsom (D-CA) slammed President Donald Trump amid rising gas prices at pumps as the latter addressed a crowd at General Motors Co.‘s (NYSE:GM) facility in Milford, Michigan, on Monday.

Benzinga

Meta Accused of Prioritizing Instagram Profits Over Teen Safety as Tennessee Reveals Internal Addiction Warnings in Court

On Monday, Meta Platforms, Inc. (NASDAQ:META) was hit with renewed legal challenges as Tennessee alleged the company prioritized engagement and ad revenue over concerns about Instagram’s effects on teenagers.

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Elizabeth Warren Says Trump's Unfulfilled 10% Credit Card Rate Promise Has Cost Families $55B: The President Is 'Letting Wall Street Pad Its Profits'

Sen. Elizabeth Warren (D-Mass.) on Monday accused President Donald Trump of failing to deliver on his campaign promise to cap credit card interest rates at 10%, saying the delay has cost American families an additional $55 billion in interest payments.

Benzinga

SPCX Falls More Than 50% From Lifetime High, Peter Schiff Calls It ‘Dangerous’ to Buy Into Hype

Economist Peter Schiff has cautioned against rushing to invest in the hype surrounding a stock, outlining Elon Musk-led Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) recent decline as an example.

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Chris Murphy Warns Trump's Saudi Nuclear Deal Is 'Dangerous' and Makes 'Peace With Iran Much Less Likely'

Sen. Chris Murphy (D-Conn.) warned that President Donald Trump’s reported nuclear cooperation agreement with Saudi Arabia could weaken U.S. leverage in negotiations with Iran and increase the risk of nuclear proliferation in the Middle East.

Benzinga

Anthony Scaramucci Keeps ‘Fingers Crossed’ on Crypto Bill, But Reiterates Democrats Are Acting Out of Trump ‘Dislike’ Rather Than ‘Doing What’s Right'

SkyBridge Capital founder Anthony Scaramucci reiterated on Monday that Democrats will block the Clarity Act out of “dislike” for President Donald Trump rather than on the merits of the legislation.

Benzinga

SpaceX Stock Slides but Cathie Wood Keeps Buying — Tesla Gets an Ark Boost Too

On Monday, Cathie Wood-led Ark Invest added to two of its highest-profile names, SpaceX-linked exposure and Tesla Inc (NASDAQ:TSLA), while trimming several other positions, including Robinhood Markets Inc (NASDAQ:HOOD). Among the biggest moves of the day was Ark’s renewed buying of Space Exploration Technologies Corp. (NASDAQ:SPCX), even as the company’s…

Benzinga

T-Mobile Outage Leaves Thousands Without Service Across the US — Company Says 'Every Available Resource' Focused on Resolution

On Monday, a widespread T-Mobile US Inc. (NASDAQ:TMUS) outage disrupted mobile service for thousands of customers across the U.S., prompting the carrier to acknowledge the issue after hours of mounting complaints.

Benzinga

Gary Black Says Only People 'Shocked' by Tesla, SpaceX Stock Prices Are Those That Didn't Do the Math as Ross Gerber Smells Buying Opportunity

The Future Fund‘s Gary Black said Monday Tesla Inc (NASDAQ:TSLA) and Space Exploration Technologies Corp (NASDAQ:SPCX) investors were overlooking deteriorating earnings expectations and valuation metrics, while investor Ross Gerber said SpaceX could become a buying opportunity after its recent selloff.

Benzinga

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Bitcoin, Ethereum, XRP, Dogecoin Plummet Even as SEC Chair Paul Atkins Sees Crypto Bill Advancing: Analyst Says BTC's Big Move 'Just Around the Corner'

Leading cryptocurrencies fell sharply on Monday as investors weighed developments around the Clarity Act and a pause in U.S.–Iran hostilities.

Benzinga

Trump Downplays Russia-Iran Intelligence Claims Ahead of Zelensky, Netanyahu Meetings: Dow Futures Fall 56 Points, Oil and Brent Slide

Late Monday, U.S. stock futures traded lower and oil prices eased as investors weighed President Donald Trump’s comments on Russia, Iran and the outlook for ongoing conflicts ahead of high-profile White House meetings.

Benzinga

Nvidia Funds AI Frenzy: Timeline of its Circular Financing Deals ... So Far

NVIDIA Corp. (NASDAQ:NVDA) is reportedly in talks to guarantee roughly $250 billion in financing for OpenAI‘s new 10-gigawatt Ohio data center, a project developed by SoftBank’s energy subsidiary, SB Energy, according to The Wall Street Journal.

Benzinga

'The World's Most Powerful Network': X Money Rolls Out, Challenging Venmo, Robinhood, Apple Pay

Elon Musk‘s X Money is no longer a concept — and its latest expansion puts it on a collision course with major players across consumer payments, from fintech cards to bank-backed rails.

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OpenAI’s Private Equity Ambitions Grow With Morgan Stanley Executive Hire

OpenAI tapped former Morgan Stanley executive Alisha Lehr for a private equity-focused role, adding an AI-focused banking veteran to the company bench to help expand relationships with investment firms.

Benzinga

EXCLUSIVE: Why TEMA ETF Is Buying China’s Memory Champion Without Selling Micron

China’s newest memory champion – ChangXin Memory Technologies (CXMT) – is finally public on the Shanghai market.

Benzinga

BlackRock’s Nasdaq ETF Challenger Is Growing — But QQQ Still Pulls 300× More Inflows

BlackRock’s attempt to challenge Invesco’s dominance in the Nasdaq-100 ETF market is showing early signs of traction, but the asset manager still has a long way to go before it dents the grip of the $453 billion Invesco QQQ Trust (NASDAQ:QQQ).

Benzinga

This Congressman Slammed Elon Musk — Then Bought SpaceX Stock

Multiple members of Congress have disclosed buying shares of Space Exploration Technologies Corp. (NASDAQ:SPCX), the space company that counts Elon Musk as CEO.

Benzinga

Coca-Cola's Earnings Could Put $10.7 Billion In Market Value On The Line

Earnings are back in focus on Tuesday, with a Benzinga-selected slate that spans beverages, aerospace, financial data and hardware. With guidance and margins often driving the biggest post-print repricings, the options market offers a clean read on how much volatility traders are bracing for, according to Benzinga Pro.

Benzinga

Rocket Lab Rallies as SpaceX Slides. Wall Street Is Rewarding Execution Again

Rocket Lab Corp (NASDAQ:RKLB) shares climbed Monday after the company secured its largest missile defense launch contract to date, while Space Exploration Technologies Corp. (NASDAQ:SPCX) stock continued its post-IPO slide, underscoring what investors appear to be rewarding in the space sector: tangible execution over future promise.

Benzinga

EXCLUSIVE: Anthropic Is a ‘Generational Company,’ Tema CEO Says — and Why LAZR Made It the Top Holding Before IPO

While Wall Street remains fixated on the high-bandwidth memory (HBM) boom powering Nvidia Corp.‘s (NASDAQ:NVDA) AI accelerators, China’s newest semiconductor giant is making a very different bet.

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