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YOU WONT BELIEVE: 23 | Mind Blowing Facts

Kathy Hochul Slams Trump Over Medicare Cut, Says 1.3 Million New Yorkers Will Pay More for Prescriptions: 'A New Assault on Seniors...'

New York Governor Kathy Hochul (D) said President Donald Trump’s decision to end a Medicare subsidy program will raise prescription drug costs for about 1.3 million New Yorkers, arguing seniors should not have to bear the additional expense.

Benzinga · Aug 6

Disney May Be Taking a Page Out of Tubi’s and Pluto TV Playbook: ‘We’re Exploring a Free Product For Consumers,’ Says Josh D'Amaro

Walt Disney Co. (NYSE:DIS) is preparing to expand beyond its traditional subscription model by exploring a free, ad-supported streaming offering to reach more viewers while strengthening Disney+ and its advertising business.

Benzinga · Aug 6

Trump Threatens Long Prison Terms for 'Treasonous' Leakers as Reports of Missile Shortages and a Clash with Hegseth Swirl: 'The US Has Massive Amounts...'

President Donald Trump pushed back against reports of depleting munitions, saying that the nation is ramping up domestic weapons production.

Benzinga · Aug 6

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Zohran Mamdani Targets Walmart, Amazon, Target and Others Over 'Illegal' E-Bikes and E-Scooters: 'Too Many Lives Have Been Cut Short'

New York City Mayor Zohran Kwame Mamdani has launched a crackdown on online retailers selling allegedly illegal high-speed e-bikes and e-scooters, targeting major platforms including Walmart Inc. (NASDAQ:WMT), Target Corp. (NYSE:TGT), Wayfair Inc. (NYSE:W), Temu parent PDD Holdings Inc (NASDAQ:PDD) and Amazon.com, Inc. (NASDAQ:AMZN) over public safety concerns.

Benzinga · Aug 6

Joel Greenblatt Turned Corporate Chaos Into 50% Annual Returns by Buying What Wall Street Had to Sell

Legendary investor Joel Greenblatt achieved a staggering 50% annual return operating his hedge fund, Gotham Capital, from 1985 to 1994 by exploiting structural market inefficiencies that Wall Street institutions routinely ignore, arguing that some of the market’s best opportunities are “hiding in plain sight.”

Benzinga · Aug 6

Iran Seeks 5%-7% Strait of Hormuz Toll, Oman Backs 3% as Officials Deny Trump Deal Is Imminent: Report (UPDATED)

Editor’s note: The story has been update to include a comment from a White House spokesperson.

Benzinga · Aug 6

Kevin O'Leary Says Wall Street Is Booming While Main Street Still Feels Inflation's Pain

Investor and television personality Kevin O’Leary said the U.S. economy is showing strength through strong corporate earnings and stock market gains, but warned that persistent inflation and high energy costs are preventing many Americans from feeling the benefits.

Benzinga · Aug 6

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Nikki Haley Warns US Is Weeks Away From $40 Trillion Debt: 'We're Leaving an Entire Generation Broke'

With the U.S. on track to cross $40 trillion in national debt within weeks, former U.S. Ambassador Nikki Haley accused politicians of ignoring what she called one of the biggest financial threats facing younger Americans.

Benzinga · Aug 6

Jim Cramer Compares SpaceX Stock to 100-Year Railroad Bonds: Asks Investors to Think of Their Children and Grandchildren

On Wednesday, Jim Cramer urged investors to look beyond Space Exploration Technologies Corp.’s (NASDAQ:SPCX) post-earnings sell-off, arguing that Elon Musk’s aerospace company should be viewed as a multigenerational investment.

Benzinga · Aug 6

Anthony Scaramucci Says Trump Administration 'Keeps Lying' About End of the Iran War: 'We Really Don’t Know What He’s Doing'

The former White House communications director Anthony Scaramucci accused President Donald Trump of repeatedly declaring victory over Iran while failing to explain ongoing tensions in the region and the administration’s broader strategy.

Benzinga · Aug 6

Cathie Wood Buys $17.6 Million of Nvidia Stock as SpaceX's GPU Bet Fuels Optimism, Dumps Palantir Stock as Michael Burry's Short Bet Lingers

On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Space Exploration Technologies Corp (NASDAQ:SPCX), NVIDIA Corp (NASDAQ:NVDA), Circle Internet Group, Inc. (NYSE:CRCL), and Palantir Technologies Inc. (NASDAQ:PLTR).

Benzinga · Aug 6

Gary Black Says Retail Investors Buying the SpaceX Stock Dip 'Makes No Sense' as Float Set To Double on Thursday

The Future Fund‘s Gary Black questioned retail investors buying the dip in Space Exploration Technologies Corp. (NASDAQ:SPCX) on Wednesday, saying the optimism overlooks a massive post-IPO share unlock that could more than double the stock’s public float.

Benzinga · Aug 6

Meta Joins OpenAI and Anthropic in AI Cybersecurity Scare After Model Hacks Third Party: 'We Are Currently Investigating…'

Meta Platforms, Inc. (NASDAQ:META) has joined OpenAI and Anthropic in facing fresh AI safety concerns after one of its models gained unintended internet access during cybersecurity testing and exploited a security vulnerability involving another company.

Benzinga · Aug 6

Maye Musk Opens Up About Space Travel and Elon Musk's Moon Ambitions for SpaceX: 'I Will Go Wherever He Wants Me to Go'

Maye Musk says she would be open to traveling to space with her son, Elon Musk, but the nearly 80-year-old supermodel and author has questions about whether rocket travel would offer enough comfort.

Benzinga · Aug 6

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Benzinga · Aug 6

Bitcoin, Ethereum Gain; XRP, Dogecoin Slide Amid Crypto Act Standoff: Analyst Spots BTC Bottom Signal That Preceded 740% Rally Before

Leading cryptocurrencies inched higher on Wednesday amid a renewed Senate push to pass the CLARITY Act before the recess.

Benzinga · Aug 5

SpaceX Is Quietly Becoming a 'Neocloud,' Veteran Analyst Says: Here's What That Means

Elon Musk’s SpaceX (NASDAQ:SPCX) beat revenue estimates in its first earnings report as a public company, but one veteran analyst says the rocket maker is quietly turning into something else: a landlord for other people’s AI compute.

Benzinga · Aug 5

Between Hormuz And the Fed: Gold Smashes $4,200 as Metal Hoarding Returns

Gold is having one of the best days of the year. The yellow metal has decisively broken the $4,200 per ounce barrier, signaling a likely close above the 50-day moving average – a key technical level.

Benzinga · Aug 5

DraftKings Q2 Preview: Stock Slammed by Prediction Markets — Can Earnings Offer Relief?

Sports betting and online gaming giant DraftKings Inc (NASDAQ:DKNG) looks to turn things around when the company reports second-quarter financial results Thursday after market close.

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Benzinga · Aug 5

SpaceX's Biggest Victim Yet? Starlink's 55-Year-Old Rival Files for Bankruptcy

SpaceX (NASDAQ:SPCX) has reshaped the satellite and space industry, and its first earnings report since going public highlighted plans to expand that disruption. One early casualty may be Hughes, the satellite internet business owned by EchoStar Corporation (NASDAQ:ECHO), which filed for Chapter 11 bankruptcy ahead of SpaceX’s report.

Benzinga · Aug 5

Nvidia’s Next AI Gold Rush Is Here, And It Already Controls 92% Of It

Every country trying to escape American AI dominance is buying it wholesale. Nations are pouring billions into sovereign AI — domestic models, local data centers, infrastructure meant to keep sensitive data within their own borders — and nearly all of it runs on chips from one company: Nvidia Corp. (NASDAQ:NVDA).

Benzinga · Aug 5

Novogratz Calls Aschenbrenner's AI Fund Collapse the 'Most Catastrophic Hedge Fund Blowup of Our Careers'

Galaxy Digital (NASDAQ:GLXY) CEO Mike Novogratz called the implosion of Leopold Aschenbrenner’s Situational Awareness fund “the single greatest, most catastrophic hedge fund blowup of our careers,” while suggesting the forced selling may have marked a bottom for parts of the AI trade.

Benzinga · Aug 5

Uber CEO Says 15-Minute Drone Delivery Will Be A 'Magical Experience'

Autonomous cars continue to dominate conversations around Uber Technologies Inc.‘s (NYSE:UBER) future, but CEO Dara Khosrowshahi says another technology may deliver an even more noticeable upgrade for consumers: drones.

Benzinga · Aug 5

Gold Jumps 4%, Dow Jones Smashes Record Highs: Stock Market Today

Gold ripped 4% higher to $4,233.89 an ounce on Wednesday, its biggest one-day advance since February, as a soft private payrolls report and easing energy costs knocked down the odds of another Federal Reserve rate hike.

Benzinga · Aug 5

Wall Street's Biggest Hedge Funds Targeted by Hackers in AI Voice Scam

Hackers launched a coordinated wave of attacks against some of Wall Street’s largest hedge funds in recent days, using AI to mimic employees’ voices and trick staff into granting system access, according to a Bloomberg report published Wednesday.

Benzinga · Aug 5

SpaceX Caught in a ‘Capex Tug of War’ — Dan Ives Says Investors Are ‘Buying Musk, Buying the Vision’

One of Wall Street’s most quoted tech analysts, Dan Ives may no longer be issuing price targets in his new role — but he’s still shaping the narrative. His latest focus: SpaceX’s long‑term vision after its first earnings report as a public company.

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