HISTORICAL FACTS: 24 | History Defined

Michael Kors Parent Warns Middle East Conflict Is Taking a Toll on Luxury Sales

Capri Holdings Ltd. (NYSE:CPRI) stock fell Wednesday after the luxury fashion company lowered its fiscal 2027 revenue forecast, citing inventory shortages at Michael Kors, weaker demand in Europe, the Middle East and Africa (EMEA), and foreign exchange headwinds, even as it reported first-quarter results that topped Wall Street earnings expectations.

Benzinga · Aug 5

Bernie Sanders Says Elon Musk Pays Same Social Security Tax As $184,500 Earner — Lifting The Cap Extends Program 75 Years And Boosts Benefits $2,400

Elon Musk’s fortune recently crossed into territory few people thought possible. Social Security’s finances, meanwhile, are headed in the opposite direction.

Benzinga · Aug 5

Oil Just Lost its Inflation Premium: Here's Who Wins if Prices Stay Low

Oil prices have fallen for a second straight session, extending losses after Treasury Secretary Scott Bessent‘s recent comments and other market developments helped reinforce the view that inflation pressures may continue to ease.

Benzinga · Aug 5

Trump Says Hormuz Deal Could Come Within 48 Hours: Do Prediction Markets Back Him Up?

President Donald Trump said Tuesday night that Strait of Hormuz negotiations are “moving along very nicely” and promised an answer within 48 hours. Traders on Polymarket are pricing a wide gap between hearing an announcement and seeing ships move.

Benzinga · Aug 5

EXCLUSIVE: The Memory Bottleneck Is Set To Persist Until 2028, Expert Says

The artificial intelligence boom has created a strange problem for the memory industry. While companies build more capacity — Samsung Electronics Co. Ltd. (OTC:SSNLF), SK Hynix Inc. (NASDAQ:SKHY) and Micron Technology Inc. (NASDAQ:MU) are all expanding production — the supply relief investors are waiting for may still be almost two…

Benzinga · Aug 5

eBay Earnings Prediction Market Preview: Will Pokémon and GameStop Be a Topic?

Ryan Cohen has spent the summer pursuing eBay Inc. (NASDAQ:EBAY).

Benzinga · Aug 5

Mike Johnson Calls Allegations Against Max Miller ‘Serious’ but Says House Must ‘Allow This Process to Play Out’ Before Considering Discipline

House Speaker Mike Johnson called the allegations against Rep. Max Miller (R-Ohio) "serious" but said lawmakers should wait for the House Ethics Committee to finish its review before considering discipline.

Benzinga · Aug 5

JPMorgan CEO Jamie Dimon Is Quietly Rallying CEOs to Prepare for AI's Biggest Risks: Report

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon is reportedly urging corporate leaders to join a U.S.-focused industry group aimed at addressing AI-related risks as businesses rapidly adopt artificial intelligence.

Benzinga · Aug 5

SanDisk Options Price 16.1% Swing On Earnings: Here’s What History Shows

SanDisk Corp. (NASDAQ:SNDK) is set to report fiscal fourth-quarter (Q4) 2026 earnings Wednesday after the close, and options markets are pricing an unusually large move for the S&P 500’s best-performing stock of the year.

Benzinga · Aug 5

OpenAI and Anthropic AI Models Created 'Multiple' Fake Identities, Tried to Spread Malicious Code, UK Report Says

Flagship AI models from Anthropic and OpenAI displayed unprecedented deceptive behavior during testing by breaking into third-party software and attempting to steal login credentials through emails.

Benzinga · Aug 5