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The Latest Breaking News from Benzinga

Moody's Chief Economist Warns US Economy On 'Precipice Of Recession' As Tariffs, Labor Shortages Trigger Market Selloff

Moody‘s Analytics Chief Economist Mark Zandi warned on Sunday that the American economy stands “on the precipice of recession” following last week’s disappointing economic data releases that sent major indexes tumbling.

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Dow Falls Over 500 Points Following Tariff Turmoil, Weak Jobs Data: Fear & Greed Index Moves To 'Neutral' Zone

The CNN Money Fear and Greed index showed further decline in the overall market sentiment, while the index moved to the “Neutral” zone on Friday.

Benzinga

Google Loses Epic Games Appeal As Court Orders Major Play Store Reforms Amid Antitrust Crackdown

Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has suffered a significant legal blow as a U.S. appeals court upheld a lower court ruling requiring the tech giant to overhaul its Play Store operations.

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Gold To $3,500? Citi Thinks So—Bitcoin Hits $114K As Weak Jobs, Trump Tariffs Trigger Flight To Safety

Citigroup Inc. (NYSE:C) raised its three-month gold price forecast to $3,500 per ounce from $3,300 on Monday, citing deteriorating U.S. growth and inflation outlook.

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Marjorie Taylor Greene Warn This As The 'Most Startling And Tragic Statistics,' Outlines 'The Ultimate Trifecta' Of Happiness And Security

Rep. Marjorie Taylor Greene (R-Ga.), on Monday, amplified a viral chart purporting to show that just 12% of 30-year-olds are both married and own a home, calling it "one of the most startling and tragic statistics I have seen."

Benzinga

Japan Is In Love With These AI-Powered Pets: Moflins Learn, Bond, And Develop A Unique Personality Based On Owner's Care

A fluffy robot pet named Moflin is winning hearts across Japan, thanks to its lifelike behavior and ability to form emotional bonds by learning from its owner’s affection.

Benzinga

Trump's Trade War 'The Only Thing That Can Derail' A Strong US Economy, Says Steve Eisman — Tariff Story Is 'Far From Over'

Investor Steve Eisman, best known for betting against the housing market in the lead-up to the 2008 financial crisis, issued a sharp warning on what he sees as the single-biggest threat to the U.S. economy.

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Meta Plans Data Center Asset Sale Worth Nearly $2 Billion To Fund Next Phase Of AI Development

Meta Platforms Inc. (NASDAQ:META) has decided to share the burden of its skyrocketing AI infrastructure costs by selling $2 billion in data center assets, as the company braces for capital expenditures that could exceed $100 billion in the coming years.

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Tom Lee Says Fed's About To Pivot As Goldman Warns Of Largest Jobs Revisions Since 1968: 'Supportive Of Higher PE'

Fundstrat‘s Head of Research Tom Lee predicts a Federal Reserve policy pivot following Goldman Sachs’ warning about historic job data revisions, as July employment figures reveal the largest two-month downward adjustment outside recessions since 1968.

Benzinga

Trump's AI Czar Says Tech Behind Chatbots Won't Kill Jobs: 'Narrative Is Overhyped'

As debates over AI-driven job displacement intensify, Silicon Valley investor and economic commentator Balaji Srinivasan and White House AI and crypto czar David Sacks say the real story is that humans remain essential, guiding and verifying AI at both ends of the workflow.

Benzinga

Elon Musk Agrees With Cathie Wood: Tesla Is 'Largest AI Project On Earth' Amid Robotaxi Vision, Samsung Chip Deal Buzz

Tesla Inc. (NASDAQ:TSLA) is the world's most ambitious AI endeavor, according to ARK Invest CEO Cathie Wood, who predicts its autonomous vehicle efforts could generate trillions in revenue.

Benzinga

Mark Cuban Swipes At Chamath Palihapitiya's 'Oracle-Like Data Provider' Plan To Fix Non-Farm Payrolls, SPAC King Hits Back: 'No Need To Get Chippy'

Billionaire investor Mark Cuban is pushing back against venture capitalist Chamath Palihapitiya’s proposal to overhaul the Bureau of Labor Statistics' non-farm payrolls (NFP) report, calling out its impracticality.

Benzinga

Satoshi Nakamoto's Statue Smashed, Dumped In Swiss Lake — 'Absolute Disgrace,' Says Bitcoiner

The statue of Bitcoin’s (CRYPTO: BTC) legendary creator, Satoshi Nakamoto, which was reported stolen in Switzerland, was found tossed into a lake on Sunday.

Benzinga

Accenture CEO Julie Sweet Once Complained To Her Father After Losing A Speech Contest, What Her Dad Said Next Would Shape Her Success

Accenture Plc. CEO Julie Sweet says the lesson that steered her career arrived on a dark drive home from a speech contest when she was 15.

Benzinga

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Arthur Hayes Expects Bitcoin's Pullback To $100,000, Ethereum To Test $3,000 On Trump Tariffs-Induced Headwinds

Arthur Hayes, Chief Investment Officer of Maelstrom and co-founder of BitMEX, anticipated a sharp correction in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) on Saturday due to potential macroeconomic jitters.

Benzinga

Economists Warn US Close To 'Stall Speed' And Could 'Tip Over Into Recession' On Disappointing Jobs Report

The July Jobs report by the Bureau of Labor Statistics, released on Friday, is raising concerns among economists, who warn that the latest data and sharp downward revisions point to a labor market that is losing momentum and potentially edging toward a recession.

Benzinga

Bitcoin Rises Despite Trump's Tariff Moves; Ethereum, Dogecoin Also Gain: Analyst Advises To 'Buy The Dip' In August, Hold Until This Time

Leading cryptocurrencies gained alongside stock futures on Sunday despite lingering concerns over President Donald Trump’s tariff moves.

Benzinga

Fired Labor Bureau Commissioner Speaks Out After Trump Firing Over Job Numbers

Erika McEntarfer, the Commissioner of the Bureau of Labor Statistics, expressed gratitude for her role and the dedication of her colleagues in a social media post over the weekend.

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Dave Ramsey Says, 'You're Not Broke Because You Don't Make Enough. You're Broke Because You Give Your Income To Everyone Else'

Personal finance expert Dave Ramsey isn't sugarcoating it. In a recent post on X and segment on “The Ramsey Show,” he laid out exactly why so many Americans are struggling financially.

Benzinga

Kevin O'Leary Rejects Trump's Tariff Rebate Plan, Says Taxpayers Want To See The National Debt Paid Down

President Donald Trump recently suggested that revenue from tariffs could be returned to Americans in the form of rebate checks. He floated the idea as a way to give back to "people of a certain income level," noting that the U.S. is generating "so much money" from tariffs.

Benzinga

No, Gen Z Isn't Drinking Less for 'Wellness' — They Simply Can't Afford To

Gen Z's elder rung of 21- to 28-year-olds have been given the keys to drive the U.S. alcohol market. But to the concern and chagrin of the industry, they make up a miniscule percentile of total booze spending.

Benzinga

5 'Stupid Money Mistakes' That Could Be Draining Thousands From Your Wallet—What Financial Advisors Aren't Telling You

In a brutally honest Reddit post that’s gaining traction among personal finance communities, everyday Americans are calling out the financial missteps that drain thousands from their bank accounts annually. While financial advisors focus on complex investment strategies, these real-world insights reveal simpler—and more immediately impactful—ways to keep more money in…

Benzinga

The Rich Are Using Self-Directed IRAs To Invest In Crypto, Startups—And Even Cows. Should You?

More investors are shaking off Wall Street's rigidity to explore unconventional retirement holdings such as cryptocurrencies, private startups, and even livestock.

Benzinga

Luxury Labels Lose Their Luster Amid Changing Vibes, Gucci Sales Plunge 25% and LVMH Disappoints

Luxury brands are grappling with a significant sales slump, raising concerns over the long-term structural attractiveness of the industry.

Benzinga

From AI To Emerging Markets: How 6 Pros Would Allocate $10K In Today's Market

Amid record-high markets, six Wall Street strategists shared where they would deploy $10,000 right now, identifying areas ranging from artificial intelligence to emerging markets, according to Business Insider.

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