The Latest Breaking News from Benzinga

NIO Inc. (NYSE:NIO) shares fell sharply on Wednesday after the Chinese electric vehicle maker unveiled plans to raise fresh capital through a sizable equity offering.

Stephen Miran, President Donald Trump‘s pick for Federal Reserve governor, is likely to pass the Senate Banking Committee on Wednesday. This brings him closer to joining the central bank, even though there are worries about the Fed’s independence. The committee has 13 Republicans and 11 Democrats, and the Republicans are…

Mercor, founded by three Thiel Fellows who dropped out of Harvard, is reportedly pursuing a Series C funding round targeting a $10 billion valuation amid surging demand from artificial intelligence companies for specialized training experts.

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

Broadcom Inc. (NASDAQ:AVGO) has granted Chief Executive Officer Hock E. Tan a long-term equity award that directly links his compensation to the company’s success in artificial intelligence, underscoring the board’s commitment to retaining his leadership through the end of the decade.

Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Cloud has projected a revenue increase of at least $58 billion in the next two years, underlining the division’s pivotal role in the company’s future.

Shares of Oracle Corporation (NYSE:ORCL) rose sharply in pre-market trading after the company reported first-quarter results.

Billionaire and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has said that he hasn't been to Washington, D.C. since May, calling his time with the Trump administration a "side quest."

Microsoft Corp. (NASDAQ:MSFT) is tightening its hybrid work model, ending years of broad remote flexibility and requiring employees to return to the office at least three days a week beginning in 2026.