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The Latest Breaking News from Benzinga

Nvidia Denies Enron Comparisons: Newman Slams Bear Thesis On Accounting Issues As 'Garbage'

The CEO of Futurum Group, Daniel Newman, blasted the current wave of bearish sentiment surrounding Nvidia Corp. (NASDAQ:NVDA) on Tuesday, calling the theories that forced the chip behemoth to formally deny comparisons to historical frauds as “garbage.”

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Eric Trump Gives A Sneak Peek Of American Bitcoin's Mining Facility, Calls It 'Living Proof' Of Tangible Nature Of Crypto

Eric Trump, co-founder of American Bitcoin Corp. (NASDAQ:ABTC), gave a virtual tour of the company’s Bitcoin (CRYPTO: BTC) mining facility in Texas on Monday,

Benzinga

Trump-Pardoned Binance Founder Changpeng Zhao Hit With New Lawsuit Over Hamas Payments (UPDATED)

(Editor’s note: The story has been updated to include Binance’s comment)

Benzinga

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Analyst Calls Tesla 'A Must Own,' Says FSD Lead Will Trigger 'Biggest Value Shift' In Modern History: 'Hundreds Of Billions…'

Independent research firm Melius Research's analyst Rob Wertheimer has hailed Tesla Inc.'s (NASDAQ:TSLA) Full Self-Driving (FSD) system's role in the company's future growth.

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'Big Short' Michael Burry Doubles Down On Bear Case After Nvidia Pushes Back In Wall Street Note

“Big Short” investor Michael Burry is refusing to back down from his bearish stance on Nvidia Corp. (NASDAQ:NVDA), publicly reaffirming his analysis just hours after the chipmaker circulated a private memo to Wall Street refuting his claims.

Benzinga

Kohl's Names New CEO Amid Sales Slump— Q3 Earnings In Focus On Tuesday

Kohl’s Corp. (NYSE:KSS) named interim chief Michael Bender as its permanent CEO on Monday, marking the department store’s third leadership change in as many years, as it works to reverse a prolonged sales slump.

Benzinga

Cathie Wood Pushes Back On Bubble Narrative, Says AI Boom 'Has Just Begun' And We're In The 'First Inning'

Investor and CEO of Ark Invest, Cathie Wood, has pushed back against claims of an unsustainable bubble in the AI and crypto markets, saying that the current liquidity strain is temporary and poised to reverse course soon.

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Nasdaq Jumps 600 Points Amid Fed Dovish Signals: Fear & Greed Index Remains In 'Extreme Fear' Zone

The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the “Extreme Fear” zone on Monday.

Benzinga

Bernie Sanders Pushes Back On Trump Moves To Strip AI Powers From States: 'It Will Make The Oligarchs Richer While Millions Lose Jobs'

On Monday, Sen. Bernie Sanders (I-Vt.) criticized Donald Trump's reported plan to override state-level AI rules, calling it a gift to wealthy tech leaders at the expense of workers.

Benzinga

Tesla's China Struggle Exposes 'Stark Strategic Choice' For American Companies, Says Economist Mohamed El-Erian: Bet On Peace Or Pullback Fast

Economist Mohamed El-Erian says the latest news about Tesla Inc.'s (NASDAQ:TSLA) performance in China signals deeper challenges for U.S. corporations operating in the world's second-largest economy.

Benzinga

Elon Musk Says He Offered Tesla FSD License To Legacy Automakers 'But They Don't Want It:' 'I've Tried To Warn Them'

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk says the automaker has offered legacy automakers licensing opportunities for its Full Self-Driving (FSD) technology amid the company's AV push.

Benzinga

Spotify Plans First US Price Hike Since 2024 As Profit Pressure Mounts Despite Strong User Surge: Report

Spotify Technology S.A. (NYSE:SPOT) is reportedly preparing to raise subscription prices in the U.S. early next year.

Benzinga

Marjorie Taylor Greene Says She's Not Endorsing Anyone For The Election Meant To Replace Her In Congress: 'Out Of Respect'

Rep. Marjorie Taylor Greene (R-Ga.) says she will stay neutral in the special election to replace her in Congress, sidestepping a clash between a contender from her camp and one backed by President Donald Trump.

Benzinga

Elizabeth Warren Slams Trump For Making Financial Cop CPFB Recite 'Humility Pledge': The President Is 'Wall Street First'

Sen. Elizabeth Warren (D-Mass.) slammed President Donald Trump and Director of the Office of Management and Budget, Russ Vought, for undermining the Consumer Financial Protection Bureau in favor of big financial institutions on Wall Street that it supervises.

Benzinga

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Cathie Wood Drops $32 Million On CoreWeave Stock, Buys Bitcoin Dip Via ARKB — Ark Invest Also Picks Shares Of This George Soros-Backed Company

On Monday, Cathie Wood-led Ark Invest executed significant trades, notably acquiring shares in CoreWeave Inc. (NASDAQ:CRWV), ARK 21Shares Bitcoin ETF (BTS: ARKB), Bullish (NYSE:BLSH), and Kodiak AI Inc. (NASDAQ:KDK). These trades reflect Ark’s strategic positioning in emerging technologies and digital assets.

Benzinga

Xi Jinping Says US-China Trade Relations Maintain Positive Momentum As Trump Considers Allowing Nvidia AI Chip Sales To Beijing

On Monday, Chinese President Xi Jinping highlighted the ongoing progress in U.S.-China trade ties after a phone call with President Donald Trump. This comes after it was reported that Washington is considering allowing Nvidia Corp (NASDAQ:NVDA) to resume AI chip sales to China.

Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Spike, But Analyst Says Crypto Downtrend Intact: BTC Could Test These Levels Before It Resumes The Upward Journey

Leading cryptocurrencies rallied alongside stocks on Monday, as traders amped up bets on a Federal Reserve interest rate cut in December.

Benzinga

Jack Ma Was Rejected By KFC, Police, And Harvard — Now His Alibaba Fortune Surpasses The Entire Value Of The Fried Chicken Giant

Once rejected by Kentucky Fried Chicken and dozens of other employers, Alibaba Group (NYSE:BABA) founder Jack Ma has risen to become wealthier than the fast-food giant's parent company, Yum! Brands (NYSE:YUM).

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A Mom Of 4 Shares How To Avoid Overspending On Christmas Gifts: 'Kids Don't Actually Need More Gifts. They Need More Moments.'

"The Practical Mom" YouTuber Kallie Branciforte recently shared how to avoid going deep into debt when buying Christmas gifts. Her family has opted out of overspending on Christmas gifts, with Branciforte telling her viewers that gifts aren't everything.

Benzinga

Kevin O'Leary Says Walking While Single Can Help You Build A Strong Financial Foundation Before You Become A Home Owner

"Shark Tank" investor Kevin O'Leary says buying a home only makes sense if you plan to stay long enough for the math to work, arguing that many young adults are better off renting and investing the difference.

Benzinga

Broadcom, Alphabet, Sandisk, Novo Nordisk And Zoom: Why These 5 Stocks Are On Investors' Radars Today

U.S. stock futures rose on Monday, building on Friday’s gains. Optimism is fueled by New York Fed President John Williams‘ suggestion that a December rate cut remains possible.

Benzinga

DraftKings, Flutter Sell-Off 'Overdone': Analyst Says Prediction Markets Provide $5 Billion Opportunity

The rise of prediction markets has sent DraftKings Inc (NASDAQ:DKNG) and Flutter Entertainment PLC (NYSE:FLUT) shares lower. While some investors and analysts see prediction markets as a major competitor, an analyst said the selloff is overdone and both companies have a $5 billion opportunity of their own in the market.

Benzinga

'That First No, It Just Fired Me Up' Raising Cane's Founder Discusses The Chain's Rise To Fame

The people who doubted the concept of Raising Cane's motivated company founder and co-CEO Todd Graves to turn his idea into a successful business, Graves recently said.

Benzinga

A 30-Year-Old Making $520,000 Per Year Isn't Sure How Much To Spend While Feeling Guilt-Free: 'I Got Back Into The Watch Game This Year'

A 30-year-old makes $520,000 per year and has a net worth that's just above $1 million. He saves a high percentage of his money, but he still isn't sure how to spend it while feeling guilt-free. He has been eying some expensive items but isn't sure how to establish reasonable…

Benzinga

YouTube, Facebook Dominate Social Media Rankings Against Musk's X: Trump's Truth Social Barely Used

When it comes to social media usage in the United States, companies owned by Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) reign supreme based on a new poll. Platforms owned by Elon Musk and President Donald Trump score significantly lower in the poll.

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