YOU WONT BELIEVE: 14 - You Need To See This

Stock Market Today: Nasdaq 100 Rises on Strong AI Earnings, Benign Inflation

A wall of blowout artificial intelligence infrastructure earnings pushed semiconductor and optical networking stocks sharply higher on Wednesday, dragging the Nasdaq 100 higher.

Benzinga · Aug 12

Cerebras Earnings Prediction Market Preview: What Will Andrew Feldman Say?

Cerebras Systems Inc. (NASDAQ:CBRS) reports second-quarter earnings after the bell today, its second report as a public company.

Benzinga · Aug 12

CLARITY Act's Failure Is 'Ironic,' ETF Expert Says: 'Will Result in President Trump's SEC Doing Whatever They Want'

ETF Store President Nate Geraci on Wednesday said the CLARITY Act failing to pass is ironic, because it hands the SEC free rein to fast-track crypto through existing laws with no congressional guardrails.

Benzinga · Aug 12

Bernie Sanders Calls Out Sergey Brin for Spending $100 Million to Defeat California’s Billionaire Tax as Google Co-Founder’s Fortune Soars

Sen. Bernie Sanders (I-Vt) criticized Alphabet‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google co-founder Sergey Brin for his efforts to oppose California’s proposed billionaire tax, highlighting the wealth he amassed since President Donald Trump‘s election.

Benzinga · Aug 12

UPDATED: NVIDIA-Backed Nebius Says AI Capacity Demand Is So Hot It Could Sell Out 2027 Today

Editor’s Note: This story has been updated to correct the adjusted EPS figure.

Benzinga · Aug 12

Inflation Cools to 3.4% as Expected in July: Is This Enough for the Fed? (UPDATED)

Editor’s note: This article was updated to add more context and detail.

Benzinga · Aug 12

Poorer Americans Are Struggling to Make Ends Meet as Energy Costs Bite, Top Fed Official Warns She Could Back September Rate Hike

Poorer and middle-income Americans are increasingly struggling to make ends meet as higher energy costs add to inflation pressures, while a top Federal Reserve official said she could support a September rate hike if economic data warrants it.

Benzinga · Aug 12

Exclusive: Scott Bessent Says K-Shaped Economy Is Over, but Wall Street Veteran Says Wealth Divide Is Worsening: ‘50% of Americans Own No Stocks and Are Getting Left Behind’

Treasury Secretary Scott Bessent recently declared the “K-shaped” economic divide dead, but market experts argue the wealth gap is actually accelerating, prompting Wall Street veteran Louis Navellier to advise Americans to “bet on a billionaire” to survive the enduring financial split.

Benzinga · Aug 12

Trump Says He’s Exploring Federal Action to Block Zohran Mamdani’s Luxury Second-Home Tax, Calls It a ‘Dangerous Political Experiment’

President Donald Trump said Tuesday that his administration is examining whether the federal government can challenge New York City Mayor Zohran Mamdani’s new pied-à-terre tax on luxury second homes, calling the levy a "dangerous political ‘experiment’" that could damage the city.

Benzinga · Aug 12

Michael Burry Calls Nvidia’s $500 Billion AI Financing Push a ‘Wall Street Stunt’: ‘Meet the New Boss…'

Famed investor Michael Burry has targeted Nvidia Corp.’s (NASDAQ:NVDA) push to unlock over $500 billion in artificial intelligence infrastructure financing, calling the initiative a “Wall Street stunt” that relies on opaque private credit arrangements.

Benzinga · Aug 12