MYSTERIOUS: 29 - You Need To See This

Ross Gerber Invokes the Tortoise and the Hare to Explain Difference Between Investing and Betting Amid AI Fund Collapse: 'It Is About Understanding Risk'

Investor Ross Gerber said Sunday that the collapse of former OpenAI researcher Leopold Aschenbrenner‘s AI-focused hedge fund Situational Awareness was a lesson in the dangers of excessive leverage rather than a failure of the artificial intelligence investment thesis.

Benzinga · Aug 3

DRAM ETF Sinks Nearly 32% as Margin Calls Hit Memory Stock Investors: Charlie Bilello Warns 'That Almost Never Ends Well'

The Roundhill Memory ETF (BATS:DRAM) has plunged nearly 32% in July as a wave of margin calls strikes over-leveraged memory stock investors.

Benzinga · Aug 3

Ross Gerber Says Tesla's FSD 'Almost' Caused an Accident While Passing Emergency Vehicles: 'Still Has Major Issues'

Investor Ross Gerber reiterated his criticism of Elon Musk-led Tesla Inc.‘s (NASDAQ:TSLA) Full Self-Driving (FSD) system, saying that the technology still needs improvements compared to its rivals.

Benzinga · Aug 3

KOSPI Extends Historic Selloff After Worst Month Since 2008 as Samsung, SK Hynix Tumble Nearly 8%

South Korea’s benchmark KOSPI index plunged more than 4% on Monday, extending a historic selloff as panic over artificial intelligence (AI) valuations overshadowed geopolitical relief.

Benzinga · Aug 3

Hunter Biden Says Trump Is Making 'Big Oil' Great Again as Chevron, Exxon Mobil Profits Soar—Gavin Newsom Says CVX Is 'Fleecing Californians'

Former President Joe Biden‘s son Hunter Biden and Gov. Gavin Newsom (D-CA) slammed Chevron Corp. (NYSE:CVX) and ExxonMobil Holdings Corp. (NYSE:XOM), accusing the oil giants of profiting from the war in Iran.

Benzinga · Aug 3

Ro Khanna Says 'What’s Actually Hurting' Americans Is Iran War and Billionaire Tax Breaks, Not Mamdani’s Food Desert Grocery Plan

Rep. Ro Khanna (D-Calif.) defended New York City Mayor Zohran Mamdani’s proposed grocery store plan, arguing that rising food prices and financial struggles are being driven by the Iran conflict and President Donald Trump’s tax policies, not food desert initiatives.

Benzinga · Aug 3

Scott Bessent Says America 'Delivers' for 'Trusted Partners' as US, Japan Confirm Joint Yen Intervention: Economist Says Goal Is to 'Buy Time'

The U.S. Treasury joined Japan’s Ministry of Finance in a coordinated yen-buying operation, with officials from both countries pledging to intervene again if disorderly market conditions continue.

Benzinga · Aug 3

Trump Media’s Paid Truth API Sparks Backlash: People Around the President Aren't Giving Him 'Good Feedback,' Says Jason Calacanis

Trump Media & Technology Group Corp’s (NASDAQ:DJT) new premium data service is drawing scrutiny and sharp criticism over its potential to give wealthy investors faster access to President Donald Trump’s market-moving Truth Social posts.

Benzinga · Aug 3

Anthony Scaramucci Says 'Feels Like' Republicans Don't Want the Crypto Act to Pass So They Can 'Blame' Democrats: 'Put This Bill on the Floor'

SkyBridge Capital founder Anthony Scaramucci accused Republicans on Sunday of intentionally holding up the CLARITY Act in the Senate to scapegoat Democrats and later cash in on political donations.

Benzinga · Aug 3

SpaceX Investors Want a Pink Rocket and a Starship Named 'Shipy McShipface' Ahead of First Earnings: Top Questions for Elon Musk's Team Revealed

Ahead of Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) first public earnings report on Tuesday after the bell, investors submitted questions ranging from whether Starship could be painted pink or named “Shipy McShipface” to AI infrastructure, Starlink expansion and missions to Mars.

Benzinga · Aug 3