REVEALED: 25 | Rare Historical Photos

Disney Sells A+E Stake to Hearst Amid Wall Street Calls to Focus on Core Businesses

The Walt Disney Co. (NYSE:DIS) is cashing out of A+E Global Media, agreeing to sell its 50% stake to media conglomerate Hearst for approximately $1.2 billion in cash as investors continue to debate Disney’s long-term media strategy

Benzinga · Aug 5

Stock Market: Will S&P 500 Open Up or Down Today?

The S&P 500 surged to a fresh record close on Tuesday as strong corporate earnings, easing oil prices and optimism over a potential breakthrough between the U.S. and Iran fueled another broad-based rally. Polymarket traders are now overwhelmingly betting the benchmark will extend those gains at Wednesday’s open.

Benzinga · Aug 5

Rand Paul Says COVID Exposed How Quickly Washington Could 'Strip Away Your Basic Freedoms'

Sen. Rand Paul (R-Ky.) criticized the government’s COVID-19 response, arguing that lockdowns, mandates and pandemic-era restrictions revealed how quickly officials could limit individual freedoms during a crisis.

Benzinga · Aug 5

Hormuz Deal Near? CENTCOM Says Southern Shipping Route Remains 'Free and Open' as Trump Touts 'Very Good' Discussions

The U.S. military said the Strait of Hormuz remains open to commercial shipping, as Treasury Secretary Scott Bessent stated that Washington is close to reaching a deal with Iran.

Benzinga · Aug 5

Elon Musk Ties Tesla's Optimus to Starlink's Next Growth Phase: 'The Appetite for Bandwidth Will Be Much Greater'

Elon Musk said on Tuesday that artificial intelligence (AI), humanoid robots and autonomous vehicles will dramatically increase demand for network bandwidth, arguing the world will need far more connectivity than ever before.

Benzinga · Aug 5

Scott Bessent Touts 'Strong Relationship' Between Trump, Takaichi as Reports Emerge Japan PM Asked BoJ to Buy Bonds

Japan’s Prime Minister Sanae Takaichi reportedly urged Bank of Japan Governor Kazuo Ueda during a meeting in May to purchase Japanese government bonds if necessary to curb rising long-term interest rates.

Benzinga · Aug 5

Gavin Newsom Says Trump's 'Biggest Concern' Is His 'Botched' Reflecting Pool, While California Tops Federal Minimum Wage: 'We Are Not the Same'

Gov. Gavin Newsom (D-Calif.) criticized President Donald Trump over the White House Reflecting Pool renovation controversy, contrasting the project with California’s minimum wage policies and accusing Trump of focusing on the wrong priorities.

Benzinga · Aug 5

AMD Says Unexpected Demand Is Squeezing Server CPU Supply, But Lisa Su Forecasts a Brighter 2027: ‘Should Be Better Than 2026’

On Tuesday, Advanced Micro Devices, Inc. (NASDAQ:AMD) said stronger-than-expected demand has tightened the server CPU supply chain, but CEO Lisa Su expects conditions to improve in 2027.

Benzinga · Aug 5

Elon Musk Pulls Forward $1 Trillion Revenue Target for SpaceX as Revenue Jumps 92% — 'There's a Non-Zero Chance…'

Elon Musk on Tuesday said that Space Exploration Technologies Corp.’s (NASDAQ:SPCX) in-house forecast for hitting $1 trillion in annual revenue has been pulled forward to 2030 from 2031.

Benzinga · Aug 5

MyPillow Guy Mike Lindell Resigns as CEO to 'Devote' 100% of Time and Energy to Governor Campaign: 'Minnesota Comes First'

MyPillow founder Mike Lindell stepped down as chief executive officer and reduced his ownership stake to focus full-time on his campaign for governor of Minnesota.

Benzinga · Aug 5