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The Latest Breaking News from NYSE

Consumer Tech News (Oct 13-17): Elon Musk's Starlink Under US Probe, Salesforce Eyes $60B Revenue, Apple Launches M5 Chip And More

A bipartisan committee in the U.S. Congress has reportedly begun a probe into Elon Musk‘s Starlink satellite business for its alleged involvement in providing internet access to scam centers in Myanmar.

Benzinga

Alibaba Cloud's New System Cuts Nvidia GPU Usage By 82%, Amid Trump's Flip Flop On AI Chip Ban On China

Alibaba Group Holding (NYSE:BABA) has introduced a new computing pooling system called Aegaeon, which dramatically reduces the reliance on Nvidia (NASDAQ:NVDA) GPUs by 82% for AI models.

Benzinga

Kamala Harris Says Not Inviting Elon Musk To 2021 White House EV Event Was A 'Big Mistake:' Report

Former Vice President Kamala Harris has expressed regret over the exclusion of Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk from a 2021 White House electric vehicle event.

Benzinga

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Meta, Blue Owl Strike $30 Billion Private Capital Deal For AI Data Center

Meta Platforms Inc. (NASDAQ:META) is nearing a $30 billion financing deal for its Hyperion data center in Richland Parish, Louisiana, which would be the largest private capital raise on record, according to a report published on Friday.

Benzinga

Powell Hints At Rate Cut, Bank Credit Fears Emerge: This Week In Markets

After the shock of Friday, Oct. 10, when Donald Trump announced 100% tariffs on Chinese products, the president quickly softened his tone, assuring that trade relations "will be fine."

Benzinga

Deal Dispatch: Grindr Chats With A Suitor, Too Faced Is For Sale And Other Major M&A Updates

JPMorgan Chase (NYSE:JPM) plans to spend $10 billion of its own cash—and a whopping $1.5 trillion over the next decade—to back companies in the national security sector (i.e., companies involved with rare earths, defense, AI and semiconductors).

Benzinga

Alibaba Stock Surges 95% As Company Doubles Down On AI, Cloud

Alibaba Group Holding Limited (NYSE:BABA) remains aggressively invested in a gamut of activities, including integrating artificial intelligence across its e-commerce ecosystem and expanding its global footprint through significant investments in Hong Kong real estate to drive value.

Benzinga

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Illinois Governor JB Pritzker Reports $1.4 Million Gambling Windfall On Tax Return: 'I Was Incredibly Lucky'

Illinois Governor JB Pritzker has disclosed a substantial gambling win of $1.4 million on his recent tax return, as released by his campaign.

Benzinga

IPO market is ‘really strong,’ NYSE president says, calls for long-term focus

Lynn Martin offers some advice for business leaders.

Fortune

US-China Trade Fight Hits Chinese Tech Stocks

U.S.-listed shares of major Chinese corporations, including Alibaba Group Holding Ltd. (NYSE:BABA), Baidu Inc. (NASDAQ:BIDU), PDD Holdings Inc. (NASDAQ:PDD), JD.com Inc. (NASDAQ:JD), NIO Inc. (NYSE:NIO), Li Auto Inc. (NASDAQ:LI), and XPeng Inc. (NYSE:XPEV), slid on Friday amid escalating geopolitical tensions between Beijing and Washington.

Benzinga

Housing Market Sends Signs Of Life—Are Homebuilder Stocks Finally a Buy?

The U.S. housing market, battered by nearly three years of elevated mortgage rates and affordability challenges, is finally showing signs of bottoming out—offering a glimmer of hope for homebuilder stocks and a $55 trillion sector that’s been largely frozen since 2022.

Benzinga

ExxonMobil, Chevron Supplier Archrock Garners Attention, Eyeing Superior Growth Gains

Archrock Inc. (NYSE:AROC), a key player in natural gas compression services and a vital supplier to energy giants like Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX), is riding a wave of momentum as it joins the top 10% of stocks in growth rankings.

Benzinga

Salesforce Stock Jumps 3.6% After-Hours As Company Sets $60 Billion Revenue Goal By 2030

Salesforce Inc. (NYSE:CRM) rose 3.56% in after-hours trading on Wednesday to $245.00, following the company's Investor Day presentation at Dreamforce in San Francisco.

Benzinga

Jim Cramer Envies AMD, Dell Shareholders Because He Likes Those Stocks 'So Much' — Unfortunately, They 'Left The Train' Without Him

On Wednesday, Jim Cramer said he is envious of Advanced Micro Devices Inc. (NASDAQ:AMD) and Dell Technologies Inc. (NYSE:DELL) shareholders after missing out on their explosive stock rallies this year.

Benzinga

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Benzinga

Burlington's Smart Makeover Is Paying Off, But Can It Keep the Momentum Going?

Burlington Stores, Inc. (NYSE:BURL) is leaning into an off-price playbook, elevating assortments, refreshing stores, and tightening operations to strengthen value for shoppers.

Fortune

AI trading is flooding Wall Street—and fueling a 1.2 trillion-message trading surge, NYSE president says

There are threefold more trades on Wall Street versus just four years ago, the head of the stock exchange, Lynn Martin, told Fortune.

Benzinga

Morgan Stanley CFO Says Investment Banking Pipeline Could Make 2026 A Record Year

Morgan Stanley (NYSE:MS) reported a third-quarter 2025 earnings of $2.80, up from $1.88 a year ago and beating the consensus of $2.08. Net earnings increased to $4.61 billion from $3.19 billion.

Benzinga

PNC CEO Highlights Strong Capital And Growth Plans Despite Cautious Outlook

PNC Financial Services Group, Inc. (NYSE:PNC) announced third-quarter results that exceeded analyst expectations, driven by growth in both interest and noninterest income.

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Benzinga

Former Ford CEO Mark Fields Says EV Market Didn't Develop The Way Automakers Thought Amid GM's $1.6 Billion Charge

Former Ford Motor Co. (NYSE:F) CEO Mark Fields says that the automakers in the U.S. didn't anticipate the slowdown of EV adoption in the country as General Motors Co. (NYSE:GM) announced it would take a $1.6 billion charge.

Benzinga

Here's How Texas Residents Can Still Avail $2,500 On EVs Despite Trump Ending Federal EV Credit

Customers in Texas can still avail incentives worth $2,500 on EVs despite President Donald Trump ending the Federal EV Credit on September 30. Here's what you need to know.

Benzinga

Did JPMorgan 'Fix' Silver Prices? The Truth Behind WallStreetBets Conspiracy

The claim that JPMorgan Chase Co. (NYSE:JPM) "fixed" silver prices has fueled heated debates among retail investors. Here's a timely look at the facts behind the controversy as silver hits new all-time highs.

Benzinga

Humana Loses Court Battle Over Medicare Advantage Ratings, Billions In Payments At Risk

Humana Inc. (NYSE:HUM) lost a legal battle challenging cuts to its Medicare Advantage bonus payments, raising concerns over billions in potential revenue.

Benzinga

Rare Earths' Best-Kept Secret Stocks—Meet The Hidden Powerhouses

Rare earth stocks have been ripping up the charts as trade tensions with China heat up again, and the Trump administration signals heavy support of the industry.

Benzinga

Oracle CEO Says 'Of Course' OpenAI Can Handle $60 Billion Cloud Bill Despite $5 Billion Loss In 2024: 'Just Look At The Rate...'

Oracle Corporation (NYSE:ORCL) co- CEO Clay Magouyrk expressed confidence in OpenAI’s ability to cover the hefty costs of its cloud infrastructure.

Benzinga

AI-Powered Data Centers Are Fueling A Historic Demand Spike: 15 Stocks To Watch

A wave of artificial intelligence infrastructure is sparking a massive U.S. power boom, with Goldman Sachs projecting electricity demand growth not seen since the 1990s — and it’s opening the door to new investment opportunities across the energy and tech supply chains.

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