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The Latest Breaking News from Nasdaq

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

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

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

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Asian shares mostly rise after last week's Wall Street rallies

Asian shares are mostly higher after Wall Street shares finished near their record levels

The Independent UK

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

Consumer Tech News (September 8 – September 12): Rally Rolls On As iPhone 17 Underwhelms, Microsoft Bets On AI Chips, Oracle Reports Q1

Wall Street marched higher like it had somewhere to be, fueled by faith in looming Fed rate cuts.

Benzinga

FDA Approves Hypertension Alerts On Apple Watch, iPhone Air's Chinese Launch Delayed And More: This Week In Appleverse

It was an eventful week for Apple Inc. (NASDAQ:AAPL), with significant developments in the tech giant’s product line and regulatory approvals. Here’s a quick look at the key stories that unfolded over the weekend.

Benzinga

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Google Sued By Rolling Stone, Billboard Owner Penske Media Over AI Overviews Feature

Penske Media, owner of Rolling Stone, Billboard, and Variety, has filed a lawsuit against Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google over the use of AI-generated summaries.

Benzinga

Bill Gates Backs Utah Geothermal Plant As Fervo Energy Targets 500 MW Capacity At Cape Station

Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates and Breakthrough Energy are backing Fervo Energy‘s Cape Station project in Beaver County, Utah. The facility will become the world’s largest enhanced geothermal power plant, generating 100 MW by 2026 and expanding to 500 MW by 2028.

Benzinga

Opendoor Chairman Keith Rabois Calls Company 'Bloated,' Says Only 200 Of 1,400 Employees Needed: Promises Merit-Driven Overhaul

Returning to the Opendoor Technologies Inc. (NASDAQ:OPEN) board as chairman, Keith Rabois outlined a sweeping plan to slash the workforce and overhaul the company's culture.

Benzinga

Goldman Sachs Warns An AI Slowdown Can Tank The Stock Market By 20%

Artificial intelligence has propelled the stock market to all-time highs, but Goldman Sachs (NYSE:GS) recently warned that once AI spending slows down, the stock market can tank by 20%. A research note from Goldman Sachs Analyst Ryan Hammond cited the danger of hyperscalers inevitably cutting back on AI expenditures, according…

Benzinga

5 Stocks Investors Couldn't Stop Talking About This Week— Here's How They Fared: ORCL, OPEN, NBIS, UNH, AAPL

Retail investors buzzed about five stocks this week, from Sept. 8 to 12, on platforms like X and Reddit's r/WallStreetBets, amid market volatility and enthusiasm for AI.

Benzinga

Benzinga Bulls And Bears: Oracle, Micron, Land's End — And Ellison Briefly Bests Musk

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

Benzinga

MarketBeat Week in Review – 09/08 - 09/12

Markets had another strong week as inflaton data set the stage for the Federal Reserve’s meeting next week; a rate cut is expected but may already be priced in

MarketBeat

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Benzinga

Winklevoss Twins' Gemini Hits $4.4 Billion Valuation In Strong Nasdaq Debut

Shares of Gemini Space Station Inc. (NASDAQ:GEMI) surged 32.2% during their first day of trading on Friday, bringing the cryptocurrency exchange’s total value to $4.4 billion and signaling a renewed interest from investors in digital assets.

Benzinga

Elon Musk's $1 Trillion Pay Package Is 'A Little Bit Weird' To Compare Monetarily, Says Tesla Board Chair: It's About 'Voting Influence'

Tesla Inc. (NASDAQ:TSLA) Board Chair Robyn Denholm defended CEO Elon Musk‘s $1 trillion compensation package, arguing it motivates unique performance despite declining sales and profits.

MarketBeat

Congress: The Biggest Trades Impacting Markets Today

Congress bought big tech over the summer, signalling support for the sector; names like Palantir were also purchased, signalling bad news for its competitors.

Barchart

Stocks Settle Mixed as Bond Yields Climb

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.42%. September E-mini S&P futures (ESU25 ) fell -0.06%, and September E-mini Nasdaq futures...

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Benzinga

Musk Calls For More Security After Kirk Assassination: Meta Pays 7X More To Protect Zuckerberg

Tesla Inc (NASDAQ:TSLA) shareholders are seeking more security for CEO Elon Musk after the assassination of political activist Charlie Kirk. Here's a look at how much Tesla spends annually on security detail.

Benzinga

Mark Cuban Stands Up For NBA Fans, Says Commissioner 'Whiffed' On Comment About 'Free' Highlights

Billionaire and NBA team owner Mark Cuban is standing up for fans and taking on league commissioner Adam Silver in a series of recent tweets. Here's how Cuban is voicing support for fans as the cost of consuming content has increased.

Benzinga

Paramount Skydance Stock Is Trading Higher Friday: What's Going On?

Paramount Skydance (NASDAQ:PSKY) shares are trading higher Friday after a report suggesting that the company is preparing an Ellison-backed bid for Warner Bros. Discovery, Inc. (NASDAQ:WBD).

MarketBeat

Broadcom Gets Big Upgrades: How High Analysts See Shares Going

After a fantastic Q3 report, Broadcom is getting big-time upgrades from Wall Street analysts. See how high they think shares could go.

Benzinga

FDA Gives Green Light To Hypertension Alerts On Apple Watch

On Tuesday, Apple Inc. (NASDAQ:AAPL) introduced Apple Watch Ultra 3. The company said Apple Watch Ultra 3 can be pre-ordered today, with availability beginning Friday, Sept. 19.

Benzinga

How To Trade Apple's Big 'October Surprise'

On Wednesday, Apple Inc. (NASDAQ:AAPL) wrapped its annual fall event.

Benzinga

Disney And Netflix Stocks Fall Amid Warner Bros. Merger Speculation

Shares of Walt Disney Co (NYSE:DIS) and Netflix Inc (NASDAQ:NFLX) are trading lower Friday, possibly pressured by reports that a Paramount Skydance Corp (NASDAQ:PSKY) group is preparing a bid for Warner Bros. Discovery Inc (NASDAQ:WBD). The news could sparked a threat for the streaming industry leaders.

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