Benzinga - Economy

Changpeng Zhao Says Forbes' Estimate Of His Net Worth Is Way Too High, But It Doesn't Matter For This Reason - Benzinga

Changpeng Zhao, the founder and former CEO of cryptocurrency exchange Binance (CRYPTO: BNB), disagreed with Forbes’ estimate of his wealth on Tuesday.

Fed Governor Stephen Miran Pours Cold Water On Tariff-Induced Inflation Fears, Says It Is Not A 'Material Driver' - SPDR S&P 500 (ARCA:SPY) - Benzinga

Fed's Miran says data shows tariffs aren't driving inflation. Get his latest outlook on rate cuts, bonds, and the U.S. economy.

3 Apparel Stocks See Sharp Drop In Momentum Rankings This Week - Allbirds (NASDAQ:BIRD) - Benzinga

3 apparel stocks—Allbirds, Neo-Concept International, and Shoe Carnival—showed sharp momentum declines, dropping in momentum rankings.

Nvidia's Jensen Huang Downplays AMD Rivalry, Says 'We're Very Different Companies' Following Partnership With OpenAI - NVIDIA (NASDAQ:NVDA) - Benzinga

Chipmaker NVIDIA Corp.'s CEO, Jensen Huang, shrugged off concerns regarding competition from Advanced Micro Devices Inc.

Polymarket CEO Shayne Coplan Recalls Early Struggle Building The Platform From 'Bathroom Office' After Running Out Of Money: 'Little Did I Know…' - Robinhood Markets (NASDAQ:HOOD) - Benzinga

Polymarket founder and CEO Shayne Coplan reflected on the origins and his personal journey in setting up the cryptocurrency-based prediction market platform on Tuesday.

Why Processa Pharmaceuticals Stock Rose Almost 38% Overnight? - Processa Pharmaceuticals (NASDAQ:PCSA) - Benzinga

Processa Pharmaceuticals shares jumped 37.5% after hours following a strong regular session, despite facing significant losses over the past year.

China Dodges US Export Controls, Buys $38 Billion In Chipmaking Equipment, Congress Report Says - Applied Mat (NASDAQ:AMAT), ASML Holding (NASDAQ:ASML) - Benzinga

China bought about $38 billion worth of sophisticated chimaking equipment from the U.S. and its allies last year due to gaps in efforts to curb manufacturing, a bipartisan report by U.S. lawmakers has found.

John Clarke, Michel Devoret And John Martinis Win Physics Nobel For Superconducting Circuits: Here's How Much Cash They Will Get - Benzinga

US scientists John Clarke, Michel Devoret and John Martinis won the 2025 Nobel Prize in Physics for experiments revealing quantum physics in action.

Nvidia To Reportedly Cover Trump's $100,000 H1-B Visa Fee For New Hires, Says CEO: 'Not...Possible Without Immigration' - NVIDIA (NASDAQ:NVDA) - Benzinga

Nvidia Corp. (NASDAQ: NVDA) CEO Jensen Huang has reportedly assured employees that the company will continue sponsoring H-1B visas, despite President Donald Trump's recent executive order to impose a $100,000 fee on new applications.

Ford, Nissan Could Jointly Develop Japanese Automaker's Next Electric SUV, Stellantis Also In The Mix: Report - Ford Motor (NYSE:F) - Benzinga

Ford, Stellantis in talks with Nissan for next electrified SUV as Ford faces manufacturing setbacks and Stellantis mulls $10B investment.

Ken Griffin: 'Gold Is At Record Highs' And Crypto's 'Unbelievable' Run Is A Sign Of Portfolio Hedging Against US Risk — What Analysts Say - Benzinga

Billionaire hedge fund manager Kenneth Griffin is warning that a combination of persistent inflation and rising concerns over U.S. sovereign risk is driving investors to seek shelter in alternative assets like gold and cryptocurrencies.

S&P 500 Settles At Record High, Investor Sentiment Improves, Fear Index Moves To 'Greed' Zone - Advanced Micro Devices (NASDAQ:AMD) - Benzinga

Stocks settled mostly higher on Monday, supported by positive market sentiment and record highs for the S&P 500 and Nasdaq Composite.

Pete Buttigieg Says Trump's Most 'Basic' Job Is To Keep The Government Running And He's Failed At It: 'Shutdown Is Hurting Americans' - Benzinga

Buttigieg says Trump's government shutdown is hurting Americans in various ways, including blocking consumer fraud reporting and VA programs, reducing Social Security and small business loans, and pushing food assistance reserves to the limit. Senate stalemate persists as Democrats insist on ACA subsidies and Republicans resist. ARK Invest's Cathie Wood argues markets are resilient during shutdowns, with larger drivers being job data, Fed rate cuts, and tariffs. Agencies warn of delays and reduced operations, while Buttigieg criticizes Trump's policies.

Tilray Brands Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Tilray Brands (NASDAQ:TLRY) - Benzinga

Figma Stock Spikes After Hours Following OpenAI Integration Demo By Sam Altman: What You Should Know - Figma (NYSE:FIG) - Benzinga

Figma's stock jumped after OpenAI's CEO showcased a new ChatGPT integration, driving the biggest daily gain since the company went public.

Ethereum To Rise Above $5,000 In 2025? Polymarket Bettors See 87% Odds As Arthur Hayes Loads Up On ETH - Grayscale Ethereum Mini Trust (ETH) Common units of fractional undivided beneficial interest (ARCA:ETH) - Benzinga

Cryptocurrency bettors saw high chances of Ethereum (CRYPTO: ETH) hitting $5,000 this year as whales continued to pile on the second-largest cryptocurrency.

McCormick, Telomir Pharmaceuticals And 3 Stocks To Watch Heading Into Tuesday - McCormick & Co (NYSE:MKC) - Benzinga

U.S. stock futures mixed, key stocks to watch: MKC, SNWV, PENG, TELO, SAR. Check out premarket coverage. Cramer warns on chip stock.

Rivian CEO RJ Scaringe Says Chinese Competitors Benefit From Lower Costs Amid Trump Tariffs, Defends Apple CarPlay Omission - Rivian Automotive (NASDAQ:RIVN) - Benzinga

Rivian CEO defends decision to omit Apple's CarPlay, shares updates on R2 deliveries and China's cost benefits and tariff environment

Gary Black Thinks Tesla's Brand Leverage Is 'Undeveloped,' Says Cheaper Model Needs To Have Marketing Benefit - Tesla (NASDAQ:TSLA) - Benzinga

Gary Black says Tesla's brand leverage is lacking in affordable Model Y speculation, says Apple's iPhone 16e is a good example.

Dave Ramsey Slams Millionaire Couple For $1.8 Million Home Debt, Urges Selling Properties To Avoid Financial Collapse - Benzinga

Dave Ramsey warns high net worth means nothing if monthly expenses can't be covered. Millionaire couple faces crisis despite wealth.

Government Shutdown Could Drag On Until October 15: Polymarket Bets On 70% Chance Of Reopening Beyond Half A Month - SPDR S&P 500 (ARCA:SPY) - Benzinga

The government shutdown could last until Oct. 15, as Polymarket odds show a 70% chance. See analysis on market impact and spending.

Taiwan Rejects 50–50' Chip Production Demand, Ming-Chi Kuo Explains Real Bottleneck Lies In America's Labor And Regulation, Not TSMC - Intel (NASDAQ:INTC), Taiwan Semiconductor (NYSE:TSM) - Benzinga

Analyst Ming-Chi Kuo said the Trump administration's proposed "50–50" U.S.-Taiwan chip production plan is unrealistic and misdirected, arguing that America's real semiconductor bottleneck lies in its own labor shortages, regulations, and infrastructure—not Taiwan or TSMC.

Elon Musk Releases Video Showcasing Optimus Robot Performing Martial Arts Moves, Says 'Not Teleoperated' Amid AI Push - Tesla (NASDAQ:TSLA) - Benzinga

Elon Musk showcases a humanoid robot performing martial arts autonomously in a new video amid Robotics push.

Mark Cuban Gives His Take On Immigration — 'Illegal Is Illegal,' But Data Suggests Such Migrants 'Contribute' More Than They Take - Benzinga

Mark Cuban ignites debate on immigration & healthcare, highlighting economic contributions of undocumented immigrants & suggesting paid self-deportation.

Japanese Stocks Soar To Record Highs As Sanae Takaichi Likely To Become First Woman PM - JPMorgan BetaBuilders Japan ETF (BATS:BBJP), WisdomTree Japan Hedged Equity Fund (ARCA:DXJ) - Benzinga

Japan's Nikkei 225 index soared to an all-time high on Monday, following the election of Sanae Takaichi as the new leader of the ruling Liberal Democratic Party (LDP).

Elon Musk-Led Tesla Releases Cryptic Teasers: Could This Finally Be Affordable Model Y Or Roadster? - Tesla (NASDAQ:TSLA) - Benzinga

Tesla teases possible upcoming model, leading to speculation about an affordable Model Y, a new GPU and the Roadster.

Bitcoin's Next Stop $150,000 Or A Dip In Store? Here's What These Analysts See Coming - Benzinga

With Bitcoin (CRYPTO: BTC) soaring to new all-time highs on Sunday, analysts have lifted their optimistic targets for the leading cryptocurrency.

Jony Ive And OpenAI's Artificial Intelligence Device Reportedly Faces Delays — Here Is What's Threatening 2026 Launch For The Palm-Sized Gadget - Microsoft (NASDAQ:MSFT) - Benzinga

OpenAI and Jony Ive are reportedly struggling with compute shortages, privacy concerns, and design challenges on their $6.5 billion AI hardware project, threatening its planned 2026 launch even as OpenAI hits a $500 billion valuation.

As Ford CEO Jim Farley Talks About Shortage Of Mechanics, This TikTok User Says There's A Debt Problem: 'They Just Financially Can't' - Ford Motor (NYSE:F) - Benzinga

Jim Farley says there's a shortage of mechanics and repair technicians in the U.S., with 400,000 shortages and a 2-week average repair time.

Gavin Newsom Says Trump's 'Abuse Of Power Won’t Stand' - Benzinga

In a significant legal victory, a federal judge has ruled against the Trump administration's attempt to deploy California National Guard soldiers to Portland, Oregon.

OpenAI's Sam Altman Prepared To Swap CEO Role For Farming If AI Supersedes Him - Benzinga

OpenAI CEO Sam Altman has disclosed his fallback career plan if AI ever supersedes him at the company's helm: farming.

Former Cisco CEO John Chambers Warns AI Market Surge Mirrors Dot-Com Bubble, Predicts Faster Job Displacement, Market Volatility - Cisco Systems (NASDAQ:CSCO), Goldman Sachs Group (NYSE:GS) - Benzinga

John Chambers warns that AI's rapid growth could disrupt jobs and companies, even as some tech leaders highlight its productivity benefits.

Harvard Expert Decodes Taylor Swift's Success Mantra: The 'Drip, Not Drop' Strategy - Benzinga

A Harvard expert has dissected the success strategy of pop sensation Taylor Swift, demonstrating its potential application across various industries and personal growth.

Jeff Bezos Predicts Gigawatt-Scale Orbital Data Centers In 10–20 Years, Compares AI Boom To Early 2000s Dot-Com Era - Ferrari (NYSE:RACE), Amazon.com (NASDAQ:AMZN) - Benzinga

Jeff Bezos says space-based data centers could be reality within decades, while comparing the AI boom to the early internet surge.

Kevin O'Leary Slams Dave Ramsey As 'Moronic,' Urges Women To Sign Prenups To Protect Financial Independence, Avoid Divorce Pitfalls - Benzinga

Kevin O'Leary criticizes Dave Ramsey's advice against prenups, says they protect women's financial independence and are necessary.

Parents Sue Tesla After Cybertruck Crash Kills Daughter, Allege Faulty Door Design Trapped Their Children - Tesla (NASDAQ:TSLA) - Benzinga

The parents of a college student who lost her life in a Tesla Cybertruck accident have initiated legal proceedings against Tesla.

Federal Judge Temporarily Blocks Trump's Deployment Of National Guard Troops To Portland - Benzinga

Judge Immergut grants temporary restraining order on Trump's plan to send 200 troops to Portland amid lawsuit.

OpenAI's Sam Altman Turns To Asia, Middle East For Funds Amid Multitrillion-Dollar Push To Build Next-Gen Data Centers - NVIDIA (NASDAQ:NVDA), Hon Hai Precision (OTC:HNHPF) - Benzinga

OpenAI CEO Sam Altman launches campaign to secure chips, partners, and funding for company's trillion-dollar AI expansion.

Federal Appeals Court Blocks Trump's Bid To End Birthright Citizenship, Citing 14th Amendment, Historic Legal Precedent - Benzinga

Federal court rejects Trump's executive order on birthright citizenship, citing historical precedent and Constitutional language.

Survey Reveals Majority Of Americans Believe Trump's Policies Harmed Economy - Benzinga

A recent poll has shown that a majority of Americans believe that the economic policies of President Trump have had a detrimental effect on the economy.