Benzinga - Economy

Democrats Push Trump To Include A Cap On China's Overproduction In Bilateral Trade Deal: Report - Benzinga

U.S. Democrats have reportedly called on the Trump administration to address China's "structural overproduction" as part of any future bilateral trade agreement.

Eric Jackson Rejects 'Roaring Kitty' Label: OPEN 'Isn't A Meme Stock. It's A Cult Stock,' Unlike GME - Opendoor Technologies (NASDAQ:OPEN) - Benzinga

Eric Jackson rejects the "Roaring Kitty" label. See why he calls Opendoor (OPEN) a "cult stock" and not a "meme stock" like GameStop (GME).

General Mills Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - General Mills (NYSE:GIS) - Benzinga

Chuck Schumer Says Putin Is Testing Trump In Poland And Romania: President's 'Weakness' Will Hurt The United States Badly - Benzinga

Senator Schumer accuses Trump of passing the buck as Putin repeatedly tests his weakness; NATO allies scramble to respond to Russian drone incursions.

Steve Eisman Says We're 'Not Yet' In A Bubble Amid A Hot IPO Market: 'People Can Get Carried Away, But Valuations Correct Quickly' - Figma (NYSE:FIG) - Benzinga

Investor Steve Eisman, best known for calling out the 2008 subprime debt crisis, weighed in on whether today's market resembles a bubble.

Republican Representative Tim Moore Loads Up On Leveraged Small-Cap Bets Against US Economy: Here Are His Latest Trades - Direxion Small Cap Bear 3X Shares (ARCA:TZA) - Benzinga

Rep. Tim Moore (R-N.C.) bets against the U.S. economy, buying a leveraged bear ETF ($TZA). See the lawmaker's latest controversial trades.

Tesla Discontinues Cybertruck RWD Variant 5 Months After Launch Amid Poor Sales: Report - Tesla (NASDAQ:TSLA) - Benzinga

Tesla discontinues the most affordable Cybertruck variant amid poor sales in US and Europe and no takers for the pickup truck.

Pope Leo Slams Elon Musk's Trillion Dollar Pay Package, Condemns Widening Income Disparity In Society: 'We're In Big Trouble' - Tesla (NASDAQ:TSLA), Oracle (NYSE:ORCL) - Benzinga

In his first media interview, Pope Leo XIV criticized the exorbitant compensation packages of corporate executives, particularly singling out Elon Musk's $1 trillion pay plan.

Tesla's Good News Could End In 2 Weeks, Followed By 'Long Winter,' Says Ross Gerber Amid TSLA Stock Rally - Tesla (NASDAQ:TSLA) - Benzinga

Ross Gerber believes Tesla's stock surge is driven by surpassing sales estimates. But he warns of a long winter ahead.

Dan Ives Says Tesla's AI And Robotaxi Business Worth At Least $1 Trillion, Company And Musk Headed For 'Important Chapter' In Growth Story - Tesla (NASDAQ:TSLA) - Benzinga

Wedbush analyst Dan Ives said Tesla's AI and robotaxi ambitions alone could unlock $1 trillion in value, even as the EV maker faces mixed global sales, leadership criticism, and a stock lagging broader indexes.

Opendoor Chairman Keith Rabois Calls Company 'Bloated,' Says Only 200 Of 1,400 Employees Needed: Promises Merit-Driven Overhaul - Opendoor Technologies (NASDAQ:OPEN) - Benzinga

Returning to OPEN board as chairman, Keith Rabois plans to cut 85% of the workforce and revamp culture. Tech layoffs surge amid AI push.

Google Sued By Rolling Stone, Billboard Owner Penske Media Over AI Overviews Feature - Alphabet (NASDAQ:GOOGL) - Benzinga

Penske Media sues Alphabet's Google over AI summaries, claiming reduced website traffic and revenue.

Charlie Munger Warns Investors: If You Can't Handle Market Swings, 'You Deserve The Mediocre Result' - Benzinga

Investing legend Charlie Munger stays calm during market volatility, views downturns as opportunities for long-term wealth building.

Apple Dominates With iPhone 17 Pre-Orders In China, Delays iPhone Air Launch Over eSIM Approval - Apple (NASDAQ:AAPL), Bank of America (NYSE:BAC) - Benzinga

Apple's iPhone 17 dominated pre-orders on JD.com, with strong Wall Street price target upgrades following its launch.

Bill Gates Backs Utah Geothermal Plant As Fervo Energy Targets 500 MW Capacity At Cape Station - Microsoft (NASDAQ:MSFT), SPDR Select Sector Fund - Energy Select Sector (ARCA:XLE) - Benzinga

Bill Gates and Breakthrough Energy support Fervo Energy's Cape Station project, aiming to generate 500 MW of geothermal power.

Mortgage Bankers Association Voices Concerns With Trump's Plans For Fannie Mae, Freddie Mac Merger - Federal Home Loan (OTC:FMCC) - Benzinga

MBA warns against potential Fannie Mae and Freddie Mac merger, saying it could create a government-conferred monopoly and hinder competition.

Lisa Cook Fights Trump's Attempted Firing As Documents Show Condo Labeled 'Vacation Home,' Raising Questions About Mortgage Allegations - Benzinga

Lisa Cook challenged Trump's effort to remove her as Fed Governor after documents showed her Atlanta condo was listed as a vacation home.

Eric Jackson Taps Drake For Celebrity Marketing To Fuel Opendoor's Growth Following Leadership Overhaul - Opendoor Technologies (NASDAQ:OPEN) - Benzinga

Eric Jackson's strategy for Opendoor includes leveraging celebrity marketing, with Canadian rapper Drake promoting the company to his followers.

Elon Musk's Two-Word Response, Trump Administration's Patent Share, Palantir CEO's China Warning And More: This Week In Politics - Palantir Technologies (NASDAQ:PLTR) - Benzinga

Elon Musk clashed with the U.S. Department of Energy over its remarks on renewable energy, emphasizing the need for large-scale batteries.

Tesla's Stock Surge Driven By Anticipated Q3 Delivery Outperformance, Says Gary Black: 'Let's Not Kid Ourselves' - Tesla (NASDAQ:TSLA) - Benzinga

Tesla stock surges due to anticipation of exceeding 3Q delivery targets despite challenges.

Lockheed Martin Counters Boeing's F-47 Victory With Cost-Effective F-35 Upgrade Using Sixth-Gen Technology - BAE Systems (OTC:BAESY), Boeing (NYSE:BA) - Benzinga

Lockheed Martin is countering Boeing's F-47 win with a cost-effective F-35 upgrade that integrates sixth-generation tech, aiming to offer 80% of the F-47's capabilities at half the price.

Trump Orders National Guard Deployment To Memphis Amid Soaring Crime, Escalating Federal Crackdown On Democrat-Led Cities - Benzinga

President Donald Trump ordered National Guard troops to Memphis as part of his crime crackdown in Democrat-led cities, drawing sharp pushback from local and national Democratic leaders who warn the move is unconstitutional and politically driven.

Scott Bessent Meets BlackRock's Rick Rieder As Trump Eyes Fed Chair Replacement For Jerome Powell: Report - BlackRock (NYSE:BLK) - Benzinga

Scott Bessent is interviewing candidates to replace Jerome Powell as Federal Reserve Chair by May 2026, with BlackRock's Rick Rieder among those being considered.

Ray Dalio Recalls Getting 'Fired' In 1975 — Setback That Sparked $100 Billion Hedge Fund - Benzinga

Ray Dalio says getting fired in 1975 pushed him to launch Bridgewater Associates, which grew into a $100 billion hedge fund and helped him amass a $16 billion fortune.

Winklevoss Twins' Gemini Hits $4.4 Billion Valuation In Strong Nasdaq Debut - Bullish (NYSE:BLSH), Coinbase Global (NASDAQ:COIN) - Benzinga

Gemini Space Station Inc. saw a 32.2% surge in its stock price on its debut, reaching a $4.4 billion valuation and signaling renewed investor interest in digital assets.

Palantir's 100x Revenue Multiple 'Inspired' Billionaire Marc Benioff, Maybe CRM Is 'Not Charging Enough,' Says Salesforce CEO - Goldman Sachs Group (NYSE:GS), Salesforce (NYSE:CRM) - Benzinga

Salesforce CEO Marc Benioff praised Palantir's market positioning and premium pricing model, despite the size difference between the two companies.

Howard Lutnick Says Elon Musk Got DOGE 'Backward,' Focused On Firing Instead Of Cutting Government Waste - Tesla (NASDAQ:TSLA) - Benzinga

Commerce Secretary Howard Lutnick said Elon Musk mishandled DOGE by focusing on mass layoffs instead of targeting government waste, leaving the program far short of its trillion-dollar savings goals.

Hims & Hers Faces FDA Heat As Commissioner Martin Makary Calls Out Super Bowl Ad For Hiding Drug Risks - Hims & Hers Health (NYSE:HIMS), Novo Nordisk (NYSE:NVO) - Benzinga

FDA Commissioner Martin Makary said Hims & Hers broke federal law with its Super Bowl ad promoting weight-loss drugs without disclosing side effects, and called it "the most overt breach" of FDA rules.

Elon Musk's xAI Reportedly Lays Off 500 Workers From Data Annotation Team As Startup Pivots To Specialist AI Tutors For Grok Expansion - Benzinga

Elon Musk's xAI has laid off about 500 data annotators in a major restructuring, shifting focus to specialist AI tutors to accelerate Grok's development despite recently securing $10 billion in new funding.

Tesla Faces Class Action Over 'Wage Theft' Amid Preference For H-1B Workers Following Elon Musk's Push To Optimize Visa Practice - Coca-Cola (NYSE:KO), Amazon.com (NASDAQ:AMZN) - Benzinga

Tesla is facing a federal class action lawsuit accusing it of favoring H-1B visa holders over U.S. workers to cut labor costs, even as the company battles financial headwinds and regulatory scrutiny.

3 Communication Services Stocks Show Improving Valuations - Iridium Communications (NASDAQ:IRDM) - Benzinga

Three undervalued Communication Services stocks show notable week-on-week improvements in value rankings, signaling stronger market appeal.

3 Biotech Stocks Showing Strength With Big Spikes In Momentum Scores - Dianthus Therapeutics (NASDAQ:DNTH) - Benzinga

A handful of biotech stocks are showing renewed strength, with big spikes in their Benzinga Edge Ranking's Momentum scores.

Tesla Engineer Slams Elon Musk In Farewell Post, Questions CEO's Leadership: 'Elon Has Dealt Huge Damage...' - Tesla (NASDAQ:TSLA) - Benzinga

Tesla engineer slams Elon Musk's leadership, accusing him of lying and manipulating public discourse, as well as his political activities.

Microsoft Plans Major AI Chip Investments As Mustafa Suleyman Pushes 'Self-Sufficiency' Beyond OpenAI Partnership - Microsoft (NASDAQ:MSFT) - Benzinga

Microsoft is planning significant investments in proprietary AI chip infrastructure to achieve "self-sufficiency in AI".

Adobe's CEO Calls AI Its 'Biggest Opportunity' In Decades As Segment Revenues Surpass $5 Billion: 'We Want AI Infused In Every Dollar of Revenue' - Adobe (NASDAQ:ADBE) - Benzinga

Adobe Inc. emphasized AI as its "biggest opportunity" in decades, playing a central role across product adoption and revenue growth.

Bitcoin, S&P 500 ETFs On Blockchain? BlackRock Reportedly Eyes Tokenization Of Its Big-Ticket Funds - BlackRock (NYSE:BLK) - Benzinga

BlackRock Inc. (NYSE:BLK), the world’s largest asset manager, is reportedly exploring ways to tokenize its exchange-traded funds, the latest in a broader Wall Street effort to bring real-world assets onto blockchains.

Why Adobe Shares Are Trading Higher By Over 4%; Here Are 20 Stocks Moving Premarket - Addex Therapeutics (NASDAQ:ADXN), Adobe (NASDAQ:ADBE) - Benzinga

Lutnick Hints At Fannie Mae, Freddie Mac IPO In 2025 To Show The 'Mark To Market' Worth To American Taxpayers—'Largest IPO In History' - Federal Home Loan (OTC:FMCC), Federal National Mortgage (OTC:FNMA) - Benzinga

Commerce Secretary Howard Lutnick suggested that the U.S. government is considering a public offering for Fannie Mae and Freddie Mac, a move that could be implemented this year.

Earnings Scheduled For September 12, 2025 - Huize Holding (NASDAQ:HUIZ) - Benzinga

Facebook's $725 Million Privacy Settlement Payouts Revealed: Users To Receive Between $4.89 And $38.36 As Payments Roll Out - Meta Platforms (NASDAQ:META) - Benzinga

Meta has begun distributing payments from its $725 million Facebook privacy settlement, with users receiving between $4.89 and $38.36.