Elon Musk won a pretrial ruling Friday that bars OpenAI from questioning him about his alleged ketamine use during the upcoming jury trial over whether the AI company defrauded him by abandoning its nonprofit roots.

U.S. District Judge Yvonne Gonzalez Rogers said the drug questions would be irrelevant unless OpenAI provides more concrete evidence about ketamine’s effects.

She did allow limited questioning about Musk’s attendance at Burning Man, where OpenAI’s attorneys say significant communications between the two sides took place.

Trial Starts April 28

The trial is expected to last about four weeks. The jury will decide whether OpenAI co-founders Sam Altman and Greg Brockman lied about maintaining a nonprofit structure when Musk donated $38 million in seed funding.

Musk is seeking up to $134 billion in damages from OpenAI and Microsoft Corp

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Benjamin Netanyahu posted a video to X on Sunday picking up a coffee order to debunk an Iranian conspiracy theory claiming he had been killed in a strike.

The rumor, pushed by Iran’s Tasnim News Agency, included claims that a previous video of the Israeli prime minister was AI-generated because it allegedly showed him with six fingers.

Meanwhile on Polymarket, a single account called “dududududu22” is sitting on $151,000 in positions betting Netanyahu will be “out” before the end of this month.

His position, nearly 3.8 million shares bought at 4.7 cents, is currently underwater by about $26,000.

If he’s correct his position would be worth $3.8 million.

In a troll of the Iranian rumors, Netanyahu’s coffee shop video featured a linguistic Easter egg. When ordering his drink, …

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nLIGHT Inc. (NASDAQ:LASR) shares surged on Monday. The stock hit a new 52-week high of approximately $69.54.

The catalyst was a 60 Minutes segment aired Sunday night that highlighted laser weapons as a low-cost solution to Iran’s cheap drone threat.

Investor Flags nLIGHT As Key Supplier To Featured Laser System

Individual investor Marc Lehman posted on X Monday, highlighting a connection between nLIGHT and AeroVironment, noting that nLIGHT supplies technology for the AeroVironment Locust system featured in the recent 60 Minutes segment. The post drew over 21,000 impressions.

AeroVironment Inc. (NASDAQ:AVAV) manufactures the Locust laser system. The segment featured AeroVironment CEO Wahid Nawabi explaining the technology’s appeal.

“It changes the economics on how we …

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Pepe (CRYPTO: PEPE) surged 17% Monday, leading memecoin gainers and outpacing Dogecoin’s (CRYPTO: DOGE) 4% rally as trading volume exploded 520% to $1.73 billion.

The Derivatives Setup

Open interest on PEPE futures climbed 11.56% to $228.54 million while 24-hour trading volume exploded 520.51% to $1.73 billion, signaling fresh money entering rather than just short covering. 

Liquidation data showed $98,000 in short liquidations over four hours versus $327,000 in longs, suggesting the rally caught a significant portion of the short side offside while skeptics remained.

PEPE had been more aggressively sold than Dogecoin, setting up a cleaner derivatives squeeze when the macro tailwind arrived. The volume wave dwarfed PEPE’s 30-day average of 1.23 trillion tokens.

The Technical Picture

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The Canada Pension Plan Investment Board (CPPIB) is reportedly planning to sell approximately $1.5 billion worth of its Asia-focused private equity holdings. 

The assets for sale include stakes in funds managed by Hillhouse Investment, Bain Capital and PAG, sources told Bloomberg. 

CPPIB allocated around $1 billion to Asia-focused strategies managed by these firms between 2014 and 2016, according to information on its website.

The process is understood to be ongoing and plans are subject to change.

The planned sale is part of an effort to reduce the pension fund’s exposure to private equity investments in Asia.

In January, CPP’s global head of private equity …

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Nvidia Corporation (NASDAQ:NVDA) has used its GTC conference to unveil some of the major architecture shifts of the AI era, and this year Jensen Huang has teased “chips the world has never seen before.”

Looking at the Kalshi prediction market provides insight into what specific words Huang will use during the two-hour keynote.

What The Market Expects

“Blackwell” and “Data Center” are both at 98%. Nvidia’s current-gen architecture and its core revenue driver are guaranteed talking points.

“Trillion” at 89%. Huang wrote in a blog post that AI infrastructure spending could eventually reach the trillions. If he repeats that framing onstage, he’s telling the market that Nvidia’s total addressable market is still expanding.

“Cosmos” at 81%, down 9 percentage points.

Cosmos is Nvidia’s world foundation model platform for physical AI, powering everything from autonomous vehicle simulation to robotic manipulation.

A 9-point drop suggests traders are less certain Huang prioritizes it in a keynote that may be dominated by chip announcements.

“Photon / Photonics” at 87% points to one of Nvidia’s biggest …

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Patrick De Haan, head of petroleum analysis at GasBuddy, is warning drivers that national gasoline prices could reach $3.80–$3.85 per gallon. He says $4 per gallon remains possible but is not imminent. Diesel could climb to $5.05–$5.15 per gallon.

De Haan made the forecast in a series of posts on X (formerly Twitter) on Monday.

National Average Hits Highest Level Since October 2023

GasBuddy data shows the national average gasoline price has already reached $3.70 per gallon. That is the highest level since Oct. 6, 2023.

The national average has risen 23.2 cents over the past week and 80.0 cents from a month ago. It stands 66.1 cents higher than a year ago, De Haan wrote on Substack.

“Americans today will spend $307 million more on gasoline than a month ago,” De Haan posted on X.

The national average diesel price now stands at $4.951 per gallon, up 34.0 cents in the last week. Diesel is approaching the $5 per gallon mark nationally.

Midwest Price Hikes Push …

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Forty-two percent of Americans now believe they will carry credit card debt for the rest of their lives. 

Gloomy outlook aside, that is a reflection of how hard it is to escape balances when rates hover near 24% and budgets are already tight. For borrowers in that position, more are starting to look at ways to replace high‑rate card debt with a lower‑rate personal loan they can actually pay down instead of carrying it indefinitely.

According to a survey issued by WalletHub, total credit card balances in the U.S. are now over $1.3 trillion, and the average person carries roughly $11,000 in card debt. More than 1 in 5 Americans say they are “very stressed” about that debt, and a majority say it feels less like a temporary setback and more like a long‑term burden. 

Many also feel the system does not give them many good options, especially when minimum payments barely move the needle.

The engine behind that feeling is the annual percentage rate, or APR. A 24% APR is close to the current average credit card rate, which works out to about 2% interest per month. On an $10,990 balance, that’s roughly $220 in interest in the first month alone.

If you only make the minimum payment, which many issuers set around 2% to 3% of the balance, most of that initial payment goes to interest, not principal. Pay $250, and about $220 covers interest while only $30 reduces what you owe. With that pattern, it can take decades to become debt‑free, and any new charges push the finish line further away.

To see how the math plays out, consider …

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Oil broke above $100 a barrel this month for the first time since 2022. The war in Iran has disrupted the Strait of Hormuz, gasoline prices are surging, and the S&P 500 just posted its first three-week losing streak in about a year. As panic sets in, observers wonder whether this is actually recessionary.

Fidelity Investments says not yet — and unlike most Wall Street commentary that deals in vague reassurances, Fidelity put a specific number on it. The number is $135.

In recent market commentary, Fidelity’s director of quantitative market strategy Denise Chisholm and members of the firm’s Asset Allocation Research Team presented the math. 

At approximately $135 to $145 per barrel, American households would spend 5% or more of their income on energy — a threshold that has historically marked the point at which consumers cut back hard enough to drag down the broader economy.

At today’s prices, with Brent around $103 and WTI near $99, there’s a cushion of roughly $32 to $42 per barrel between an oil shock that feels scary and one that actually breaks something.

Why 5% Is The Line

Throughout modern economic history, consumer spending has been resilient to oil …

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Rivian Automotive Inc (NASDAQ:RIVN) shares are trending upward on Monday as investors weigh an analyst upgrade against the public debut of the R2 mid-size SUV.

Analyst Upgrade Sparks Rebound

The recent momentum follows a rating change from TD Cowen. Analyst Itay Michaeli upgraded Rivian to Buy from Hold. He also raised the price forecast to $20 from $17. Michaeli cited a favorable risk-reward profile after a 20% year-to-date decline.

Michaeli’s analysis suggests a massive scale for the new platform. Full-scale U.S. demand for the R2 could reach 212,000 to 335,000 units, the analyst noted. This projection sits significantly above prior market consensus.

The “Tesla Killer” Strategy

CEO RJ Scaringe has labeled the R2 …

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Oil markets have lurched from complacency to panic in a matter of days. Brent crude has surged past $100, climbing roughly 50% since hostilities escalated around the Strait of Hormuz — the world’s most critical oil shipping chokepoint.

But one economist believes the market’s reaction may now be overshooting reality.

• State Street Energy Select Sector SPDR ETF stock is showing positive momentum. What’s next for XLE stock?

Robin Brooks, senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, argues that although markets initially were slow to price the disruption, sentiment may now be running ahead of fundamentals.

“Markets were slow to price the enormity of what was happening a week ago,” Brooks wrote. But with Brent now up about 50% since the …

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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 1% on Monday.

The Dow traded up 0.89% to 46,973.92 while the NASDAQ rose 1.35% to 22,404.50. The S&P 500 also rose, gaining, 1.07% to 6,703.37.

Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Financial shares climbed by 1.6% on Monday.

In trading on Monday, energy stocks rose by just 0.2%.

Top Headline

Dollar Tree, Inc. (NASDAQ:DLTR) reported upbeat earnings for the fourth quarter on Monday.

The company posted quarterly earnings of $2.56 per share which beat the analyst consensus estimate of $2.52 per share. The company reported quarterly sales of $5.451 billion compared to the analyst consensus estimate of $5.462 billion.

Dollar Tree said it sees FY2026 adjusted EPS of $6.50-$6.90 versus market estimates of $6.69. The company sees sales of $20.500 billion-$20.700 billion, versus estimates of $20.690 billion.

Equities Trading UP
           

  • Urgent.ly Inc (NASDAQ:ULY) shares shot up 164% to $5.36 after the company announced …

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Emanuel Fabian, the Times of Israel’s military correspondent, says Polymarket bettors sent him death threats after he reported that an Iranian ballistic missile struck an open area near Beit Shemesh on March 10 with no injuries.

The Dark Side Of Betting On Conflict

The dispute centers on Polymarket’s “Iran strikes Israel on…?” contract, which has generated $15 million in volume. The contract resolves “Yes” only if an Iranian missile impacts Israeli ground territory. Intercepted missiles do not count.

Fabian reported the missile hit a forested area roughly 500 meters from homes.

That wording would resolve the March 10 contract as “Yes.”

Bettors who wagered “No” on that date wanted him to change his report to say the missile was intercepted, which would flip the outcome in their favor.

What started as messages asking Fabian to clarify his reporting turned into …

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Shares of TeraWulf Inc (NASDAQ:WULF) are surging Monday morning. Investors are reacting to a significant financing update and a broader crypto market rally.

The entered a Delayed-Draw Bridge Credit Agreement on Monday. The deal involves subsidiaries Raylan Finance LLC and Raylan Data LLC. Morgan Stanley Senior Funding, Inc. serves as the administrative agent, according to Benzinga Pro.

The agreement provides a 364-day $500 million senior secured bridge facility. TeraWulf intends to use these proceeds to finance the construction and development of the Company’s data center facility in Hawesville, Kentucky.

Bitcoin Price Triggers Sector Rally

The stock …

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I got mixed feedback from subscribers after I sent this brief note last Sunday night.

Some appreciated the stats that reminded them that volatility is always to be expected. Others noted that the recent pullback was far from nerve-racking and that the note was unnecessary.

I often say that I’m a long-term optimist, but a short-term cautious optimist. This is because while I’m bullish about being invested in the stock market, I’m well aware that the economy often goes into recession and stocks often go into extended downturns. This is just part of the deal.

And believe it or not, I consider myself a relatively anxious person. When the VIX jumps and stock prices drop, my first thought is always, “How much lower could prices go, and should I take some risk off?” I’ve been this way for as long as I can remember.

But with experience and education, I’ve come to understand that it’s okay to have emotional reactions — just don’t start trading on them.

The best defense against making a mistake with your investments is education. This means understanding that long-term investing comes with frequent single-digit pullbacksmany 10%+ corrections, and occasional 20%+ bear markets. Furthermore, it means understanding that it’s difficult to trade these moves in a way that’s more profitable than just buying and holding.

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Shares of CoreWeave Inc (NASDAQ:CRWV) rose sharply during Monday’s pre-market session.

The move follows a massive sector catalyst involving Meta Platforms Inc (NASDAQ:META).

Meta’s $27 Billion AI Commitment

Investor sentiment turned bullish after Nebius Group NV (NASDAQ:NBIS) announced a long-term agreement with Meta. The deal has a total contract value of up to $27 billion. Nebius will supply dedicated AI compute capacity using the NVIDIA Corp (NASDAQ:NVDA) Vera Rubin platform.

This milestone deal created positive spillover for other AI infrastructure providers. Both CoreWeave and IREN (NASDAQ:IREN)

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Data This Week: ECB, BoE Rates, and a Fresh Read on EU Confidence

Europe starts the week on uneasy footing. Industrial output is slipping, productivity gaps with the US are widening, and energy markets are being jolted by the most severe supply disruption in decades. The Middle East crisis is reshaping global energy flows in real time. With inflation risks rising just as growth weakens, policymakers and investors are being forced to navigate one of the most complex macro backdrops Europe has faced since the COVID-19 pandemic.

Weekly Chart: Euro Area Production -1.2%

Industrial production weakened in the euro area and in the EU in January. According to first estimates from Eurostat, industrial production fell 1.2% year‑on‑year in the euro area and 0.6% in the EU. On a month‑on‑month basis, seasonally adjusted industrial production declined 1.5% in the euro area and 1.6% in the EU.

Why This Matters: A simultaneous year‑on‑year and month‑on‑month contraction signals weak underlying demand. It widens the competitiveness gap with the US, as highlighted in the IMF’s weekly chart. It also increases pressure on the ECB to consider rate cuts even as Middle East tensions push inflation risks higher.

IMF’s Take on Europe Scaling

Productivity growth in Europe now lags behind that of the US, a gap that has “widened significantly” in recent years. Behind this shortfall is the “staggering difficulty” that European firms face in scaling up. In the US, the stock market valuation of young firms is $42.9 trillion, compared to $5 trillion in the EU. The average European firm that has been in business for 25 years or more employs about 10 workers. A comparable US company employs 70 people.

Why This Matters: Europe’s productivity gap is about 20% below US levels, underscoring the structural constraints for the region’s competitiveness. IMF research shows that closing this gap will require deeper integration across Europe’s capital, labor, and consumer markets.

Officials will need to enable more risk‑taking investment, allow workers to move more easily toward opportunity, and give companies access to markets where they can scale. Without progress on these fronts, Europe risks entrenching slower growth, weaker innovation, and a widening transatlantic productivity divide.

Geopolitics: Oil Enters New Week of Uncertainty

Global oil markets are bracing for another volatile week. US strikes hit Iran’s export hub at Kharg Island, heightened concerns about supply risks across the Middle East. Oil prices crossed $100 a barrel last week and have surged about 40% since the start of the US and Israeli bombing campaign.

President Donald Trump said the operation targeted military positions on Kharg Island. He warned that further action could extend to energy infrastructure if Iran disrupts shipping through the Strait of Hormuz.

The US is moving about 2,500 Marines to the Middle East. Tehran has warned that attacks on its …

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Chris Wright, the Energy Secretary, stated that there could be a decrease in gas prices by the upcoming summer.

Wright, in an interview with NBC News “Meet the Press” on Sunday, expressed optimism when asked about the possibility of gas prices falling below $3 per gallon by summer. 

“There’s a very good chance that’ll be true,” said Wright.

According to Wright, the U.S. is on the brink of “removing the risk” posed by Iran’s ongoing threat to global energy supplies. He anticipates a post-war scenario where energy is “more abundant, more affordable, and less risky for American soldiers and commerce in the Middle East.”

On the topic of the Strait of Hormuz’s safety for ships, Wright acknowledged the current risks but assured that its reopening is a major post-conflict goal. He emphasized that while war outcomes can’t be guaranteed, the administration is committed to achieving a potential drop in gas prices.

The U.S.-Israeli war on Iran has been a significant …

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As of March 16, 2026, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.

Here’s the latest list of major overbought players in this sector.

Sable Offshore Corp (NYSE:SOC)

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Getty Images Holdings, Inc. (NYSE:GETY) will release earnings results for its fourth quarter, after the closing bell on Monday, March 16.

Analysts expect the Seattle, Washington-based company to report quarterly earnings at 2 cents per share, versus 2 cents per share in the year-ago period. The consensus estimate for Getty Images’ quarterly revenue is $246.17 million, versus $247.32 million a year earlier, according to data from Benzinga Pro.

On Feb. 23, Getty Images announced it received clearance from the DOJ for the merger with Shutterstock.

Getty Images shares fell 5.7% to close at $0.7267 on Friday.

Benzinga …

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Starbucks Corp. (NASDAQ:SBUX) is witnessing a dramatic surge in technical strength, with its Benzinga Edge momentum score leaping 129% week-on-week from 26.89 to 61.59.

This spike in relative strength comes as the coffee giant finds itself at the center of a high-stakes political battle over food safety and nutritional standards.

Political Shield And ‘Sugar Probe’

The momentum surge coincides with a public defense from Massachusetts Governor Maura Healey (D-Mass.), who hit back at Health and Human Services Secretary Robert F. Kennedy Jr.

Kennedy recently called on Starbucks and Dunkin’ to provide safety data regarding “sugar-laden” drinks, specifically questioning the health impact of iced coffees containing 115 grams of sugar.

Governor Healey responded with a “Come and Take It” inspired message on X, symbolically defending the …

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bioAffinity Technologies Inc (NASDAQ:BIAF) shares are trading lower Monday morning. The move follows a massive surge during Friday’s session. Traders appear to be taking profits after the stock skyrocketed over 120% to end the week.

Friday Rally Driven By CyPath Growth

The clinical stage diagnostics company saw heavy buying interest on Friday as the stock soared on strong growth in its flagship CyPath Lung diagnostic.

The company reported that CyPath Lung revenue rose 87% year-over-year in 2025. Furthermore, the number of tests performed jumped 99%.

Despite the success of CyPath, total 2025 revenue fell to $6.2 million from $9.4 million. …

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U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Monday.

Shares of Zepp Health Corp – ADR (NYSE:ZEPP) fell sharply in pre-market trading following fourth-quarter results.

Zepp Health reported quarterly losses of 40 cents per share, versus year-ago losses of $1.40 per share. The company reported $85.165 million in sales, up from $59.542 million in the year-ago period.

Zepp Health shares dipped 11% to $18.50 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

  • Iperionx Ltd (NASDAQ:IPX) fell 14.1% to $29.98 in pre-market trading after dropping 14% on Friday.
  • Santacruz Silver Mining Ltd

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector.

Mfa Financial Inc (NYSE:MFA)

  • Dividend Yield: 14.66%
  • RBC Capital analyst Kenneth Lee maintained a Sector Perform rating and raised the price target from $10 to $11 on March 5, 2026. This analyst has an accuracy rate of 63%.
  • Keefe, Bruyette & Woods analyst Bose George maintained a Market Perform rating and increased the price target from $10 to $11 on Feb. 20, 2026. This analyst has an accuracy rate of 69%
  • Recent News: On Feb. 18, MFA Financial posted in-line …

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

  • B of A Securities analyst Arnaud Lehmann initiated coverage on Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) with an Underperform rating and announced a price target of $62. Sunbelt Rentals shares closed at $72.76 on Friday. See how other analysts view this stock.
  • HC Wainwright & Co. analyst Amit Dayal initiated coverage on Solid Power, Inc. (NASDAQ:SLDP) with a Buy rating and announced a price target of …

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Academy Sports and Outdoors, Inc. (NASDAQ:ASO) will release earnings for its fourth quarter before the opening bell on Tuesday, March 17.

Analysts expect the company to report quarterly earnings of $2.05 per share. That’s up from $1.96 per share in the year-ago period. The consensus estimate for Academy Sports and Outdoors’ quarterly revenue is $1.75 billion (it reported $1.68 billion last year), according to Benzinga Pro.

With the recent buzz around Academy Sports and Outdoors, some investors may be eyeing potential gains from the company’s dividends, too. As of now, Academy Sports and Outdoors has an annual dividend yield of 1.06%. That’s a quarterly dividend amount of 15 cents per share (60 cents a year).  

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends …

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

  • Keefe, Bruyette & Woods analyst George Bose upgraded PennyMac Financial Services Inc (NYSE:PFSI) from Market Perform to Outperform and maintained the price target of $115. PennyMac Financial shares closed at $84.14 on Friday. See how other analysts view this stock.
  • Mizuho analyst Steven Valiquette upgraded LifeMD Inc (NASDAQ:LFMD) from Neutral to Outperform and raised the price target from $6 to $8. LifeMD shares …

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BitMine Immersion Technologies, Inc. (AMEX:BMNR) shares are trading higher during Monday’s premarket session.

Nasdaq futures have gained 0.79%. S&P 500 futures are also up 0.65%.

Crypto Momentum and Market Catalyst

The primary catalyst appears to be a recovery in digital assets. Ethereum (CRYPTO: ETH) has climbed 6.93% over the last 24 hours to $2,266.92. Bitcoin (CRYPTO: BTC) is also trading higher, up 2.40% at $73,537.95.

Technology is currently leading early strength, with the Technology Select Sector SPDR Fund (NYSE:XLK) …

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On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, picked Citigroup Inc. (NYSE:C).

The bank is planning an initial public offering (IPO) of its Mexican retail banking unit, Banco Nacional de México (Banamex), sometime in 2026. Citigroup has already agreed to sell a 49% stake to investors, including Fernando Chico Pardo, ahead of a full IPO on the Mexican Stock Exchange (BMV).

Meanwhile, Citibank, N.A. — the consumer banking division of Citigroup — announced plans to close all UAE branches except one due to the threat from Iran.

Bryn Talkington, managing partner of Requisite Capital Management, named Goldman Sachs Nasdaq-100 Premium …

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Amgen Inc. (NASDAQ:AMGN) and GSK plc (NYSE:GSK) are reportedly set to announce their partnership with TrumpRx.gov. This collaboration is set to offer substantial discounts on prescription drugs.

This move will augment the total number of discounted prescription medications available on the platform to 54, from five different pharmaceutical companies, according to a report by FOX Business on Friday.

Amgen will offer an 80% discount on Amjevita, a medication used for rheumatoid arthritis, psoriasis, and ulcerative colitis. The drug, originally priced at $1,484, will be available for $299 on TrumpRx.gov. Additionally, Amgen plans to list Aimovig and Repatha for discounts of 62%.

Meanwhile, GSK will offer a 55% discount on Incruse, a medication for COPD, pricing it at $159. The company also plans to list Arnuity, Relenza, and Anoro at discounts ranging from 10% to 51%.

Amgen and GSK did not immediately respond to Benzinga‘s request for comment.

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Accenture PLC (NYSE:ACN) completed its acquisition of Faculty Monday. Faculty is a top United Kingdom-based artificial intelligence company. The deal boosts Accenture’s technical expertise in AI.

Over 400 AI professionals now join Accenture. This team includes data scientists and AI engineers. Companies did not disclose the financial terms. Accenture first announced the transaction on Jan. 6.

The financial terms of the acquisition were not disclosed. As of November 30, 2025, Accenture had cash and equivalents worth $9.649 billion.

New Chief Technology Officer

Marc Warner is the CEO and co-founder of Faculty. He now becomes the Chief Technology Officer of Accenture. He also joins the Global Management Committee. Accenture Chair and CEO Julie Sweet praised the strategic …

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Senator Elizabeth Warren (D-Mass.) launched a high-stakes fiscal challenge against the White House, vowing to block a massive $50 billion funding request for the ongoing war in Iran.

A ‘Hard No’ On War Funding

As the Donald Trump administration seeks to replenish military stocks depleted by “Operation Epic Fury,” Warren is demanding that the capital be redirected to shore up the nation’s healthcare system.

The standoff follows a classified briefing where administration officials estimated the first six days of the war cost over $11.3 billion, according to Reuters. With reports suggesting a formal $50 billion request is imminent, Warren took to X to signal an immediate blockade.

“The Trump administration wants $50 billion to fund the illegal war in Iran. I’m a hard NO,” Warren stated. The Massachusetts Senator argued that the sheer scale of the request highlights a massive disparity in national priorities, particularly as the conflict enters its third week.

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The global aluminum market is facing a convergence of geopolitical issues and persistent energy constraints. The result is the rally to multi-year highs that prompted analysts and investors to revise their price targets.

The latest disruption was not unexpected. Bahrain’s Alba has initiated a partial shutdown of its operations amid ongoing shipping disruptions. According to Reuters, the company said it has begun a “controlled and safe shutdown” of about 19% of its total smelting capacity.

Alba, which operates the world’s largest single-site aluminum smelter with an annual capacity of 1.62 million metric tons, said the move was designed to safeguard operations while the shipping bottleneck persists.

“This targeted, line-specific action is designed to optimize the utilization of Alba’s existing raw materials inventory and prioritize operational stability across Reduction Lines 4, 5, and 6,” the company said.

Since the shipping through the Strait of Hormuz has stopped, the smelter is unable to either import key inputs or export the material.

Alba added that the downtime would be used to conduct asset care and maintenance across the affected lines. Housekeeping, cleaning, and preparation work will ensure a safe restart once conditions stabilize.

Multi-Year Highs

These disruptions have helped push aluminum prices sharply higher. On the London Metal Exchange, aluminum surged over $3,540 per metric ton last week. It is …

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In the midst of nearly a $110 billion sale to Paramount Skydance (NASDAQ:PSKY), Warner Bros. Discovery (NASDAQ:WBD) triumphed at the 98th Academy Awards on Sunday night, bagging 11 Oscars.

The studio’s winning streak was led by ‘One Battle After Another‘, a film by Paul Thomas Anderson, which won six awards, including best picture, best director, and best supporting actor. ‘Sinners‘, another Warner Bros. production set in the Jim Crow-era South, won four Oscars, including best actor for Michael B. Jordan.

During his acceptance speech, Jordan thanked the studio for its commitment to original filmmaking. “I want to thank Warner Bros for betting on original ideas and artistry,” he stated.

However, the celebrations were somewhat overshadowed by the impending sale of the studio. “It will be impossible to ignore that we will be celebrating the achievements of ​filmmaking with one less …

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The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Goodyear Tire & Rubber Co (NASDAQ:GT)

  • On Feb. 9, Goodyear Tire & Rubber reported mixed fourth-quarter financial results. “We delivered another strong quarter, driven by execution of our Goodyear Forward plan,” said Mark Stewart, chief executive officer and president. “Our fourth quarter results mark the highest segment operating income and margin the company has achieved in more than seven years. While we continue to face challenging industry conditions in the first …

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Semtech Corporation (NASDAQ:SMTC) will release earnings results for its fourth quarter, after the closing bell on Monday, March 16.

Analysts expect the Camarillo, California-based company to report quarterly earnings at 43 cents per share, up from 40 cents per share in the year-ago period. The consensus estimate for Semtech’s quarterly revenue is $273.2 million, versus $251 million a year earlier, according to data from Benzinga Pro.

On March 10, Semtech announced a partnership with Digital Barriers to launch Semtech Video Compression, a fully integrated device-to-cloud cellular video solution designed for surveillance and analytics applications.

Semtech shares rose 1.7% to close at $84.85 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have …

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President Donald Trump indicated a likelihood of postponing his upcoming trip to China until the Xi Jinping-led nation and other allies counteract Iranian disruptions in the Gulf. 

In an interview with the Financial Times on Sunday, Trump expressed his hope for China’s assistance in resolving the situation, highlighting the nation’s significant stake in the issue.

“China gets 90 per cent of its oil from the Straits,” said the president.

Trump cautioned that waiting until the summit would be too late and expressed his wish to see action within the next two weeks.

“We may delay,” said Trump, without specifying the potential delay duration.

US-China Talks Continue

As Trump mulls rescheduling his Beijing visit, senior officials from the world’s top two economies, led by Treasury Secretary ​Scott Bessent and Chinese Vice Premier He Lifeng, held stable Sunday …

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Shares of Urgent.ly Inc (NASDAQ:ULY) rose sharply in pre-market trading after the company announced it entered into an agreement to be acquired by Agero for $5.50 in cash per share. Also, the company reported better-than-expected fourth-quarter financial results.

Urgently reported quarterly losses of $1.97 per share which beat the analyst consensus estimate of losses of $3.06 per share. The company reported quarterly sales of $33.292 million which beat the analyst consensus estimate of $31.800 million.

Urgent.ly shares jumped 159.1% to $5.26 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

  • Click Holdings Limited (NASDAQ:CLIK) surged 41.2% to $4.40 in pre-market trading after falling 13% on Friday.
  • Tianci International Inc (NASDAQ:CIIT) gained 39.3% to $0.42 in pre-market trading after the company announced its financial results for the fiscal quarter ended Jan. 31, 2026.
  • Lumexa Imaging Holdings Inc (NASDAQ:LMRI) gained 29.8% to $15.80 in pre-market trading after falling 4% on Friday.
  • Edible Garden AG Inc (NASDAQ:EDBL) gained 19.8% to $2.90 in pre-market trading after gaining 4% on Friday.
  • Peraso Inc (NASDAQ:PRSO) gained 18.1% to $1.76 in pre-market trading. Peraso will …

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Hong Kong-listed shares of BYD Co. Ltd. (OTC:BYDDF) (OTC:BYDDY) surged following a reported overseas sales boost in South America.

The automaker’s shares listed on the Hong Kong stock exchange surged 8.3%, the most in more than a year, after reports emerged that the automaker’s facility in Brazil received an order of 100,000 units from Mexico and Argentina, Bloomberg reported on Monday, citing local Chinese media news.

Hong Kong-listed shares of BYD’s fellow Chinese automakers, like Nio Inc. (NYSE:NIO) and Xiaomi Corp (OTC:XIACY) (OTC:XIACF), also recorded a 5% surge, the report said.

BYD’s Overseas Sales, Formula 1 Team

The …

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President Donald Trump is reportedly considering the capture of Iran’s primary oil depot on Kharg Island.

The seizure would necessitate the presence of U.S. military forces on the ground. This development comes amid the continuing blockade in the Persian Gulf, which is hindering Gulf oil and preventing Trump from ending the war, even if he desired to do so, Axios reported late Sunday.

The island, a strategically important terminal situated 15 miles from Iran’s coast, handles nearly 90% of Iran’s crude oil exports.

Trump is reportedly “drawn” to the concept of seizing Kharg Island outright, as it would lead to “an economic knockout of the regime,” a source told the publication. However, such a move could trigger Iranian counterattacks on oil facilities and pipelines across Gulf countries, particularly in Saudi Arabia.

On Saturday, Sen. Lindsey Graham (R-S.C.), a prominent critic of Iran, lauded Trump’s “decision to take the war to Kharg Island” and forecasted that Iran’s economy would be “annihilated” if it lost control of the oil hub.

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Jim Cramer urged investors to resist the urge to liquidate portfolios as Brent Crude surged to $104, warning that missing the eventual “awesome snapback” would be a costlier error than enduring current volatility.

The ‘Mad Money’ Manifesto

“Selling now is a huge mistake,” Cramer declared on Mad Money, acknowledging that while the market is “terrifying,” the current oversold conditions often precede massive rebounds.

With Brent Crude hitting $104.53 and WTI at $97.69, at the last check, Cramer dismissed “naysayers” predicting $200 oil as an existential threat.

“You’ll be kicking yourself if you sell everything and then you have to watch this market rebound without you,” he warned, noting that the S&P oscillator is at a rare -7.5 reading.

Historical Precedent And Strategy

Supporting Cramer’s thesis, historical data provides a silver lining. The Kobeissi Letter reveals that in six out of seven instances since 1986, the S&P 500 has been higher one year after a 20% oil surge, with an average forward return of 24%.

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Oil prices remained elevated on Monday as President Donald Trump threatened to strike Iran’s crude export facilities on Kharg Island and the war heads toward its third week, with the Strait of Hormuz still closed.

The Kalshi prediction market crowd has one blunt question on the table: Does WTI close above $100?

The bet resolves against the Intercontinental Exchange (ICE) front-month WTI settlement price — the official end-of-day price published each afternoon by the Intercontinental Exchange, the benchmark the entire oil market uses. Above $99.99 at settlement, YES wins. Below it, NO wins.

At 3.40 AM ET, WTI futures were trading at $100.37 a barrel, up 1.68%, after earlier climbing as high as $102.40 a barrel to their highest level since July 2022.

The Kalshi crowd is leaning YES — but not convincingly. The YES contract on a close above $99.99 is trading at ¢66, implying a 59% probability that WTI settles above $100. The crowd is also pricing a 56% …

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Malaysia has declared the trade deal with the U.S. invalid after the Supreme Court ruled President Donald Trump‘s tariffs imposed under the International Emergency Economic Powers Act (IEEPA) illegal in February.

Datuk Seri Johari Abdul Ghani, Malaysia’s Investment, Trade, and Industry Minister, told reporters that the U.S.-Malaysia Agreement on Reciprocal Trade (ART) has been rendered ineffective. “It is not on hold. It is no longer there, it’s null and void,” said Johari, the New Straits Times reported on Sunday.

Johari told reporters that if tariffs were being justified based on a trade surplus, the authorities should clearly specify the industry involved and not impose blanket tariffs.

Regarding the new review launched by the U.S. under Section 301 last week, the Trade Minister said key Malaysian export sectors that could be affected include electrical and electronics, oil and gas, plantation commodities such as …

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Canada’s leader of the Official Opposition, Pierre Poilievre, who is also the leader of the Conservative Party of Canada, has touted a U.S.-focused auto industry strategy amid the country’s China tariff agreement.

A Dollar For Dollar Rule

On Sunday, Bloomberg reported that the leader proposed exemptions for automakers from federal sales tax for vehicles made in Canada, as well as a rule that would enable companies to import vehicles of an equal dollar value from the U.S. or Mexico into the country for every vehicle produced in Canada.

The Canadian leader also said that it was a “dangerous illusion” to think that overseas EVs could replace auto sales to the U.S., the report said. U.S.-made vehicles accounted for over 40% of Canada’s auto sales.

The Conservative Party has also touted an end to subsidies for hybrid vehicles and EVs, as well as a ban on vehicles using Chinese or Russian software.

It’s worth noting that Canada revised its tailpipe emissions strategy recently and revived the subsidies on EVs, offering CA$5,000 on EVs made in Canada and CA$2,500 on Plug-In Hybrids. Both vehicle categories …

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Amidst a backdrop of Middle East volatility and energy market swings, Emerald Advisors portfolio manager Don Nesbitt is urging investors to look past short-term “AI horror stories” and see the current dip in Microsoft Corp. (NASDAQ:MSFT) as a premier entry point.

The AI ‘Buying Opportunity’

While the broader market has been distracted by oil price fluctuations and geopolitical “exogenous shocks,” Nesbitt argues that the recent pressure on software stocks is a sentiment-driven mispricing.

Addressing the recent pullback in big-tech names, Nesbitt was clear on his stance regarding the software giant MSFT: “I think it’s an opportunity here to buy.”

He notes that the stock has been “trounced” recently due to heightened anxiety over AI’s potential to disrupt traditional business models. However, Nesbitt views this fear as misplaced for companies with established ecosystems.

“Microsoft is going to benefit from this,” he stated, dismissing the narrative that the company is at risk.

Data And Scale As A Moat

According to Nesbitt, …

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The CNN Money Fear and Greed index showed an increase in the overall fear level, while the index remained in the “Extreme Fear” zone on Friday.

U.S. stocks settled lower on Friday, with the Nasdaq Composite falling more than 200 points during the session as investors weighed a stark downward revision to fourth-quarter economic growth against a sticky inflation reading before the oil shock of the war in Iran.

The Bureau of Economic Analysis revised fourth-quarter 2025 GDP growth to 0.7% annualized, down 0.7 percentage points from its advance estimate.

The January Core Personal Consumption Expenditure (PCE) price index — the Fed’s favorite inflation gauge — showed 3.1% annual increase, up from the previous 3%. The data marks a further departure from the Fed’s 2% target.

Washington temporarily eased sanctions on Russian crude to expand global supply, but Iran-U.S. tensions continued to threaten Persian Gulf energy flows and kept crude prices elevated.

The S&P 500 recorded a …

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With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:

  • Wall Street expects Dollar Tree Inc. (NASDAQ:DLTR) to report quarterly earnings at $2.52 per share on revenue of $5.46 billion before the opening bell, according to data from Benzinga Pro. Dollar Tree shares gained 0.5% to $108.00 in after-hours trading.
  • Analysts are expecting Science Applications International Corp. (NASDAQ:SAIC) to post quarterly earnings at $1.93 per share on revenue of $1.76 …

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The S&P 500 closed Friday’s session in a precarious position after hitting its lowest close of 2026 earlier in the last week. However, heading into the Monday open, a wave of late-weekend optimism has shifted the narrative.

The Polygon-based (CRYPTO: POL) Polymarket crowd has turned decisively bullish for the March 16 open. The market currently reflects a 75% chance of an “Up” open, a 26% change in confidence over the last 24 hours. Early trading volume for this specific bet has reached $17,799.

Why That Number Matters

Geopolitical maneuvers are once again the primary driver of market sentiment. On Sunday evening, President Donald Trump increased pressure on global allies, warning NATO of a “very bad” future if they do not provide military assets—including …

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CytomX Therapeutics, Inc. (NASDAQ:CTMX) will release its fourth-quarter earnings before the opening bell on Monday, March 16.

Analysts expect the South San Francisco, California-based company to report loss of 9 cents per share, versus a year-ago profit of 23 cents per share . The consensus estimate for CytomX Therapeutics’ quarterly revenue is $7.33 million (it reported $38.09 million last year), according to Benzinga Pro.

On Nov. 6, CytomX Therapeutics reported worse-than-expected third-quarter financial results.

Shares of CytomX Therapeutics fell 3.9% to close at $4.68 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the …

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Transportation Secretary Sean Duffy has slammed the Democratic lawmakers, led by Senate Minority Leader Chuck Schumer (D-NY), calling for an end to the partial government shutdown over funding for the Department of Homeland Security (DHS).

End The ‘Schumer DHS Shutdown,’ Sean Duffy Says

In a post on the social media platform X on Sunday, Duffy criticized the Democrats, touting a letter by Airlines for America, which is a coalition of major airline operators in the U.S. “AIRLINE CEOs: ENOUGH OF THE SCHUMER DHS SHUTDOWN,” Duffy said in his post.

He hailed the CEOs in the letter for “standing up for @TSA workers,” as the Transportation Security Administration employees missed their paychecks. The letter, addressed to Congress, called for an end to the shutdown and for the employees to get paid.

“Americans — who live in your districts and home states — are tired of long lines at airports, travel delays and flight cancellations caused by shutdown after shutdown,” the letter said, adding that travel related to the Spring Break, as well as the upcoming FIFA World Cup 2026, could be impacted due to the shutdowns.

“U.S. airlines expect 171 million passengers this spring season, a new record,” the letter said, but lamented the “extraordinarily long” lines at checkpoints across …

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California Governor Gavin Newsom (D) has slammed the President Donald Trump administration as gasoline prices across the U.S. continue to surge.

‘Thanks To President Trump,’ Says Gavin Newsom

In a post on the social media platform X on Sunday, Newsom’s official press office handle slammed Trump for the price surge. “THANKS TO PRESIDENT TRUMP, PRICES ARE COMING DOWN!” the post said, quoting a post that said the price of a gallon of gas in the U.S. hit $3.70.

$1.5 Billion In Excess

In an X post on Saturday, Newsom slammed the Trump administration over the price rise, as well as the “disastrous” war with Iran. “No amount of spin from Trump and his lackeys” could hide that “Americans …

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Nvidia Corp.’s (NASDAQ:NVDA) next-generation Rubin AI GPU platform could reportedly face production delays due to supply constraints in next-generation memory.

HBM4 Supply Constraints Could Slow Nvidia’s Rubin Rollout

Nvidia’s Blackwell successor, the Rubin GPU platform, is seeing downward revisions to wafer starts due to next-generation HBM4 memory supply coming in below expectations, Taiwan’s Commercial Times reported, citing supply chain sources.

Suppliers are reportedly redesigning certain base-die components used in the memory stacks, a technical adjustment that could delay shipments by roughly one quarter.

As a result, Nvidia is said to be scaling back initial Rubin wafer production while increasing output of its current Blackwell GPUs instead of releasing manufacturing capacity.

Nvidia did not immediately respond to Benzinga’s request for comments.

Cloud Giants Accelerate Custom AI Chip Development

At the same time, cloud service providers are intensifying efforts to develop their own AI chips to reduce reliance on Nvidia.

Alphabet Inc.’s

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Anthony Scaramucci, founder of global investment firm SkyBridge Capital, explained how he manages his time across family, business and personal hobbies using the “rock-and-sand” metaphor.

Rock First, Then Sand

In the monthly Q&A episode on March 10, Scaramucci was asked about his approach to work‑life balance and how he organizes his calendar to support it.

Scaramucci likened time to a jar, which needs to be filled with rocks and sand. Rocks, he said, represent the most important things in life, including family, children, and coworkers, which should go in the jar first.

Then the sand goes in. That could be things like exercise. That could be things like reading books, going on vacation, whatever it might be,” …

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Amid escalating tensions in the global oil market due to the ongoing Iran war, recent estimates from JPMorgan show that the strategic oil reserve release will only make a small dent in the crude oil supply shock.

Strategic Reserves Not Enough

The ongoing oil crisis cannot be alleviated by strategic reserves alone, according to JPMorgan estimates shared by The Kobeissi Letter.

A coordinated release from the G7’s Strategic Petroleum Reserve (SPR) would yield approximately 1.2 million barrels of oil daily. Historically, emergency releases have reached up to 1.4 million barrels per day.

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These ten large-cap stocks were the worst performers last week. These stocks took a beating, with sharp selloffs in names from healthcare and beauty to media and aviation rattling investors across the board.

Are they a part of your portfolio?

Fair Isaac Corporation (NYSE:FICO) decreased 21.59% this week after the company announced a proposed offering of $1.0 billion in senior notes.

Centene Corporation (NYSE:CNC) fell 20.85% this week. The health insurer reaffirmed its 2026 earnings guidance above $1.98 per share and adjusted earnings of above $3 per share. Mizuho maintains Neutral rating on Centene, lowering the price forecast to $41.

Paramount Skydance Corporation

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These ten large-cap stocks were top performers last week.

Artificial intelligence momentum, EV optimism and data-center demand powered a sharp rally across several large-cap technology and energy stocks last week.

Are they a part of your portfolio?

Nebius Group (NASDAQ:NBIS) increased 29.59% this week after the company announced a partnership with NVIDIA Corporation (NASDAQ:NVDA) to deploy hyperscale cloud for AI needs. The partnership includes a $2 billion investment from NVIDIA.

Sandisk Corporation (NASDAQ:SNDK) jumped 27.60% this week.

NIO Inc. (NYSE:NIO) gained 21.12% this week after the Chinese electric vehicle maker released its latest quarterly results. HSBC upgraded the stock from Hold to Buy and raised its price target …

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As we gear up for the new week, let’s take a look at some of the top stories from the week. These include Apple Inc. (NASDAQ:AAPL) CEO Tim Cook‘s decision to join the company, Apple’s early success in Formula 1, a significant change in Apple’s App Store fees in China, Elon Musk‘s tribute to Apple, and the ongoing debate about market concentration.

Tim Cook’s Crucial Question Before Joining Apple: ‘I Was Warned…’

Tim Cook, the CEO of Apple, revealed the pivotal question that led him to leave a secure job at IBM (NYSE:IBM) for a struggling Apple. Despite the skepticism surrounding Apple’s future, Cook was swayed by Steve Jobs’ vision and his own conviction. 

Read the full article here.

Apple’s Early Formula …

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As the week wraps up, let’s take a look at some of the most significant stories that unfolded in the world of finance and commodities.

Energy CEO Warns Of Next Oil Supply Shock

Robert Price, CEO of March GL and incoming CEO of Greenland Energy Co., has raised concerns about the potential for a future oil supply shock. This comes in the wake of recent tanker attacks and vessel rerouting near the Strait of Hormuz, which have highlighted the vulnerability of global energy flows. United States Oil Fund (NYSE:USO) stock is currently showing positive momentum.

Read the full article here.

Morgan Stanley, BlackRock Limit Withdrawals

Morgan Stanley (NYSE:MS) has joined the ranks of Wall Street giants imposing restrictions on redemptions. The company limited withdrawals from its North Haven Private Income Fund (PIF) after investors sought to withdraw nearly …

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On Saturday, Anthony Scaramucci, the founder of SkyBridge Capital, took to X to amplify a surprising revelation shared by Mike Novogratz, CEO of Galaxy Digital (NASDAQ:GLXY), who had lunch with the CEO of Bank of New York (NYSE:BK).

AI Agents As Employees

According to Novogratz, the CEO of the Bank of New York, discussed the possibility of AI agents performing a range of roles within the organization, not merely as tools but as full-fledged employees.

“He told me they’re already looking at AI agents as employees. Not tools. Not software. Employees,” referring to Novogratz, Scaramucci wrote on X.

“Stop asking how AI can make each person more productive. Start looking at every open job and asking: Can …

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Rising U.S.-Iran tensions have intensified after the Trump administration targeted Iran’s Kharg Island terminal, which handles nearly 90% of the nation’s oil exports. Iran has threatened to mine the Strait of Hormuz, a narrow but crucial passage for global energy shipments.

On Saturday, the U.S. president declined Iran’s offer to negotiate a ceasefire and also hinted at the possibility of more strikes on Iran, signaling a potential escalation of tensions.

Global Warning

‘Shark Tank’ Star Kevin O’Leary warned the market of the broader impact of this in a post late Saturday.

“Oil is the only commodity used in every single sector of every economy. Even our adversaries need it,” he said.

O’Leary also criticized alternative energy efforts, saying billions spent on wind and solar have not proven reliable under real-world pressures. “It didn’t work,” …

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Dr. Casey Means, the nominee for the U.S. surgeon general, has reversed her stance on measles vaccination, urging Americans to get vaccinated.

Dr. Means, in her written remarks to the Senate health committee, expressed her support for the measles vaccine, reported MS NOW. This statement comes after her refusal to recommend the vaccine during a public hearing last month.

Means Aligns With Dr. Oz

“I stand with Dr. Oz’s message to Americans to take the measles vaccine,” Means wrote, referring to Dr. Mehmet Oz, the director of the Centers for Medicare and Medicaid Services.

Last month, Dr. Oz urged Americans to “take the vaccine, please,” emphasizing that measles is a serious disease and that all eligible individuals should be protected.

Means, a Stanford-trained physician turned wellness entrepreneur, has been nominated to be the “Nation’s Doctor,” a role …

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President Donald Trump‘s administration is pursuing new tariffs after a Supreme Court decision removed a major expected revenue source. Officials now aim to recover trillions in projected federal income that vanished after the ruling struck down several import duties.

The policy shift follows a court decision invalidating tariffs the administration previously relied upon for government revenue.

Officials now hope new trade measures can restore that funding stream, AP News reports.

New Trade Investigations Begin

Jamieson Greer, the U.S. trade representative, announced fresh investigations targeting multiple foreign economies.

The inquiry will examine whether government subsidies have created excess industrial capacity that harms …

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The World Anti-Doping Agency rejected a recent media report suggesting possible bans on U.S. officials. The agency said the story misrepresented internal discussions about funding rules and government contributions.

The report, written by The Associated Press, claimed that WADA considered rule changes that could bar President Donald Trump and U.S. officials from attending the 2028 Los Angeles Olympics.

The story also referenced potential implications for future tournaments, including the upcoming FIFA World Cup.

WADA Response

The global anti-doping watchdog said the AP article contained misleading claims about its internal discussions. The agency stated it already clarified key facts to AP before the article appeared.

According to WADA, it specifically told AP that any potential rules would not affect the upcoming FIFA World Cup …

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BuzzFeed Inc. (NASDAQ:BZFD) shares slipped slightly on Friday after the digital media company recently released its fourth-quarter earnings update.

On March 12, the company disclosed (in its latest earnings release) that financial resources may not cover obligations for the coming twelve months without additional capital actions.

Liquidity Concerns

BuzzFeed warned investors that its current cash outlook raises “substantial doubt” about its ability to remain operational.

During the year ended December 31, 2025, BuzzFeed incurred a net loss of $57.3 million and used net cash flows from operations of $18.7 million. Additionally, as of 2025-end, the company had unrestricted cash and cash equivalents of $8.5 million and an accumulated deficit of $679.6 million.

“While we’ve significantly reduced operating costs and real estate obligations, we’re still facing legacy commitments that are burdening the business. We’re exploring strategic options to complete the work we started years ago and position the company to operate profitably on a sustainable …

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The annual developer conference of NVIDIA Corporation (NASDAQ:NVDA), known as NVIDIA GTC  (GPU Technology Conference), is set to commence on Monday.

The conference, which will be held between March 16-19, has become a significant event for AI industry enthusiasts and will take place at the SAP Center, the home ground of the San Jose Sharks.

The event is expected to draw a whopping 30,000 attendees from 190 countries. The conference will span across ten venues in downtown and will also be streamed free on nvidia.com for virtual attendees.

This year’s GTC will cover a wide range of topics, including physical AI, AI factories, agentic AI, and inference. NVIDIA’s founder and CEO, Jensen Huang‘s keynote is expected to touch upon the full stack: chips, software, models, and applications.

With over 700 sessions planned, the conference promises to provide comprehensive details on the latest developments in the AI industry.

Here’s What To Expect

Pregame Show: The pregame show will feature the CEOs of Perplexity AI, LangChain, Mistral AI, Skild AI, and OpenEvidence three hours before Jensen Huang takes the stage.

Open Vs Closed Models: Harrison Chase and leaders from Andreessen Horowitz, Allen Institute for AI, Cursor, and Thinking Machines Lab, discuss with Huang how open models compare with frontier closed models and what it means for developers building on …

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Warner Bros. Discovery (NASDAQ:WBD) heads into Sunday’s Academy Awards with a record 16 nominations for “Sinners,” the most of any film in Oscar history.

But on Polymarket, where traders have wagered over $33 million on the Best Picture outcome alone, Ryan Coogler’s vampire epic sits at just 21%.

Paul Thomas Anderson’s “One Battle After Another”, which earned 13 nominations, commands 76% odds on both Polymarket and Kalshi after sweeping the Golden Globes, Critics’ Choice, BAFTA, DGA, PGA, and WGA.

“No film in history that has won at the Critics Choice, Golden Globes, BAFTA, ACE Eddies, DGA, PGA and WGA has ever lost best picture,” Variety noted in its final Oscar predictions.

While historical precedent points heavily to “One Battle After Another,” the 76% market price suggests traders believe the massive fan enthusiasm behind “Sinners” still leaves room for a historic upset.

When Benzinga last covered the Oscar prediction markets at nomination …

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Biomea Fusion (NASDAQ:BMEA) shares closed up on Friday as the company is presenting positive data from its Phase II COVALENT-111 study on icovamenib for type 2 diabetes.

The Phase II  COVALENT-111 study results highlighted that icovamenib maintained a favorable safety profile throughout the 52-week observation period, with no serious treatment-related adverse events.

Additionally, the study showed statistically significant reductions in HbA1c levels among certain patient subgroups, suggesting icovamenib’s potential to transform diabetes treatment.

“We are encouraged by the durability of icovamenib’s effect observed nine months post-dosing at Week 52,” said Mick Hitchcock, Ph.D., Interim CEO and Board Member of Biomea Fusion. “We believe that we now have in hand initial evidence of durable efficacy, additional favorable safety data, a clear understanding of an effective dose, and most importantly, the target patient populations.”

The presentation at the 19th International Conference on Advanced Technologies & Treatments for Diabetes included data indicating that severe insulin-deficient patients experienced an HbA1c reduction of 1.2% at Week 52, with the most effective dosing regimen achieving a mean reduction of 1.5%.

This positive data is expected to bolster investor confidence as the company prepares for upcoming Phase II studies …

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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Markets faced another volatile week as the escalating Iran conflict continued to ripple through global energy and financial markets. Disruptions around the Strait of Hormuz — a vital shipping route for roughly 20% of the world’s oil supply — intensified fears of a prolonged energy shock, pushing crude prices sharply higher and raising concerns about global inflation and growth. The supply disruption has already rattled equities and commodities markets, highlighting the growing economic impact of the conflict.

The oil surge created clear winners and losers across equity markets. U.S. refiners and fertilizer producers emerged as some of the biggest beneficiaries as supply disruptions lifted margins and commodity prices, while fuel-sensitive industries struggled. Airlines, travel operators and other transportation-related stocks came under pressure as higher energy costs threatened profitability and demand, underscoring how rapidly the geopolitical shock has reshaped sector leadership on Wall Street.

At the same time, the energy-driven inflation shock is beginning to spill into housing markets. U.S. mortgage rates climbed to about 6.11%, their highest level in several weeks, as geopolitical tensions unsettled bond markets and pushed Treasury yields higher. The rise in borrowing costs complicates the spring homebuying season, reinforcing concerns that the oil shock could ripple beyond commodities and equities into broader economic activity.

Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.

The Bulls

Kodak Stock Soars After Q4 Earnings,” by Adam Eckert, reports that shares of Eastman Kodak Co. (NYSE:KODK) surged in after-hours trading following the company’s fourth-quarter results, which showed revenue rising 9% year-over-year to $290 million, driven by a …

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Retail investors talked up five hot stocks this week (March 9 to March 13) on X and Reddit’s r/WallStreetBets, driven by retail hype, earnings, AI buzz, and corporate news flow.

Oracle Corp. (NYSE:ORCL), Hims & Hers Health Inc. (NYSE:HIMS), Blue Owl Capital Inc. (NYSE:OWL), Strategy Inc. (NASDAQ:MSTR), Tesla Inc. (NASDAQ:TSLA), spanning software, online retail, pharma, private credit, cryptocurrency, and automotive, reflected diverse investor interests.

Oracle

  • ORCL’s fiscal third-quarter earnings delivered strong beats with total revenue of $17.2 billion up 22% YoY, cloud revenue surging 44% to $8.9 billion, non-GAAP EPS of $1.79, up 21%, and remaining performance obligations exploding 325% to $553 billion, driven by massive AI infrastructure demand. The company raised its fiscal 2027 revenue guidance to $90 billion, easing concerns over heavy AI capex and debt.
  • Some retail investors were questioning other traders about buying ORCL after its post-earnings jump.
A comment on r/WallStreetBets subreddit.
Source: Reddit
  • The stock had a 52-week range of $118.86 to $345.72, trading around $159 to $162 per share, as of the publication of this article. It rose 5.48% over the year and fell 45.53% over the last six months.
  • ORCL had a weaker price trend in the short, medium, and long term, with a poor value ranking, as per Benzinga’s Edge Stock Rankings.

Hims & Hers

  • HIMS news stories from March 9 to March 13, 2026, were dominated by the company’s blockbuster partnership announcement with Novo Nordisk A/S (NYSE:NVO), which sent the stock soaring. Under the deal, Hims & Hers will offer Novo Nordisk’s branded GLP-1 weight-loss drugs like Ozempic and Wegovy on its telehealth platform starting later in March, while ceasing promotion of compounded versions—resolving a prior patent infringement lawsuit from Novo and eliminating a …

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Sleep Number Corporation (NASDAQ:SNBR) reported better-than-expected fourth-quarter earnings on Thursday.

Sleep Number reported quarterly losses of 46 cents per share which beat the analyst consensus estimate of losses of 50 cents per share. The company’s sales came in at $347.385 million versus estimates of $328.668 million.

Linda Findley, President and CEO, commented, “Sleep Number exceeded 2025 guidance provided on our last earnings call. We are still in full turnaround mode and made significant progress against our new product and marketing strategies while continuing to reduce costs. For the full year 2025, pro-forma adjusted EBITDA margin was approximately 9% …

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Vivid Seats Inc. (NASDAQ:SEAT) posted a loss for the fourth quarter on Thursday.

The company posted a quarterly net loss of $428.7 million, versus a year-ago net loss of $424.2 million. Its revenues fell 37% year-over-year to $126.8 million from $199.8 million.

“The trends we are seeing in the first quarter confirm that our strategy and execution are delivering measurable results,” said Lawrence Fey, Chief Executive Officer of Vivid Seats. “We are enhancing our foundational strengths that include our leading technology, unique data assets, relentless focus on efficiency, and differentiated customer value proposition. We are particularly encouraged by the positive impact and momentum we are seeing from the impact of our enhanced App …

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Vivid Seats Inc. (NASDAQ:SEAT) posted a loss for the fourth quarter on Thursday.

The company posted a quarterly net loss of $428.7 million, versus a year-ago net loss of $424.2 million. Its revenues fell 37% year-over-year to $126.8 million from $199.8 million.

“The trends we are seeing in the first quarter confirm that our strategy and execution are delivering measurable results,” said Lawrence Fey, Chief Executive Officer of Vivid Seats. “We are enhancing our foundational strengths that include our leading technology, unique data assets, relentless focus on efficiency, and differentiated customer value proposition. We are particularly encouraged by the positive impact and momentum we are seeing from the impact of our enhanced App …

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Gambling.com Group Limited (NASDAQ:GAMB) reported better-than-expected earnings for the fourth quarter on Thursday.

The company posted quarterly earnings of 30 cents per share which beat the analyst consensus estimate of 24 cents per share. The company reported quarterly sales of $46.236 million which beat the analyst consensus estimate of $46.057 million.

Gambling.com said it sees FY2026 sales of $170.00 million to $180.00 million, versus market estimates of $185.309 million.

Charles Gillespie, Chief Executive Officer and Co-Founder of Gambling.com Group, said, “We generated record fourth quarter revenue and Adjusted EBITDA with revenue rising 31% year-over-year to $46.2 million and Adjusted EBITDA increasing 5% to $15.5 million. Our operating results continue to benefit from significant growth in our sports data services business, which grew 29% quarter-on-quarter and represented 26% of total …

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Gambling.com Group Limited (NASDAQ:GAMB) reported better-than-expected earnings for the fourth quarter on Thursday.

The company posted quarterly earnings of 30 cents per share which beat the analyst consensus estimate of 24 cents per share. The company reported quarterly sales of $46.236 million which beat the analyst consensus estimate of $46.057 million.

Gambling.com said it sees FY2026 sales of $170.00 million to $180.00 million, versus market estimates of $185.309 million.

Charles Gillespie, Chief Executive Officer and Co-Founder of Gambling.com Group, said, “We generated record fourth quarter revenue and Adjusted EBITDA with revenue rising 31% year-over-year to $46.2 million and Adjusted EBITDA increasing 5% to $15.5 million. Our operating results continue to benefit from significant growth in our sports data services business, which grew 29% quarter-on-quarter and represented 26% of total …

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Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) on Thursday reported in-line earnings for the fourth quarter.

The company reported fourth-quarter adjusted earnings per share of $1.39, in line with the Street view. Quarterly sales of $779.256 million (+16.8% year over year) missed the analyst consensus estimate of $783.271 million.

“In the fourth quarter, we delivered better than expected sales and earnings, driven by solid comp growth, healthy margins, and disciplined expense control,” said Eric van der Valk, President and Chief Executive Officer.

Ollie’s Bargain Outlet expects fiscal 2026 adjusted earnings of $4.40 to $4.50 per share, compared with a $4.48 estimate. The company expects fiscal 2026 sales of $2.985 billion to $3.013 billion, compared with …

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Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) on Thursday reported in-line earnings for the fourth quarter.

The company reported fourth-quarter adjusted earnings per share of $1.39, in line with the Street view. Quarterly sales of $779.256 million (+16.8% year over year) missed the analyst consensus estimate of $783.271 million.

“In the fourth quarter, we delivered better than expected sales and earnings, driven by solid comp growth, healthy margins, and disciplined expense control,” said Eric van der Valk, President and Chief Executive Officer.

Ollie’s Bargain Outlet expects fiscal 2026 adjusted earnings of $4.40 to $4.50 per share, compared with a $4.48 estimate. The company expects fiscal 2026 sales of $2.985 billion to $3.013 billion, compared with …

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Dick’s Sporting Goods, Inc. (NYSE:DKS) on Thursday reported better-than-expected fourth-quarter financial results and issued FY26 sales guidance above estimates.

The company reported fourth-quarter adjusted earnings per share of $3.45, beating the analyst consensus estimate of $2.87. Quarterly sales of $6.226 billion (+59.9% year-over-year) outpaced the Street view of $6.069 billion.

Dick’s sees 2026 adjusted EPS of $13.50-$14.50 versus $14.67 estimate. The company expects 2026 sales of $22.10 billion to $22.40 billion versus an estimate of $21.98 billion.

Dick’s expects full-year 2026 comparable sales growth of 2% to 4% for the DICK’S business. It sees full-year 2026 pro forma comparable sales growth of 1% to 3% for the Foot Locker business.

“2025 was another strong year for the DICK’S Business, with growth in comps and EPS exceeding our expectations. We’ve now owned the Foot Locker Business for about six months and our excitement and our conviction in the long‑term opportunity continue to grow. We’re very encouraged by what we’re …

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Dick’s Sporting Goods, Inc. (NYSE:DKS) on Thursday reported better-than-expected fourth-quarter financial results and issued FY26 sales guidance above estimates.

The company reported fourth-quarter adjusted earnings per share of $3.45, beating the analyst consensus estimate of $2.87. Quarterly sales of $6.226 billion (+59.9% year-over-year) outpaced the Street view of $6.069 billion.

Dick’s sees 2026 adjusted EPS of $13.50-$14.50 versus $14.67 estimate. The company expects 2026 sales of $22.10 billion to $22.40 billion versus an estimate of $21.98 billion.

Dick’s expects full-year 2026 comparable sales growth of 2% to 4% for the DICK’S business. It sees full-year 2026 pro forma comparable sales growth of 1% to 3% for the Foot Locker business.

“2025 was another strong year for the DICK’S Business, with growth in comps and EPS exceeding our expectations. We’ve now owned the Foot Locker Business for about six months and our excitement and our conviction in the long‑term opportunity continue to grow. We’re very encouraged by what we’re …

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Trump’s AI and Crypto Czar David Sacks warned that the U.S. strategy in Iran could lead to “catastrophic” outcomes.

Sacks Calls for Off-Ramp

Speaking on an episode of the All-In Podcast released Friday, Sacks said that continued military escalation against Iran could have disastrous regional consequences and called for a negotiated off-ramp.

The venture capitalist pointed out that the U.S. has significantly weakened Iran’s military capabilities, including its army, navy, and air force. Sacks suggested that this would be an opportune time to declare victory and withdraw.

“We’ve degraded Iranian capabilities massively,” Sacks said. “This is a good time to declare victory and get out — and that is clearly what the markets would like to see.”

However, Sacks also cautioned that some factions, particularly within the Republican Party, are advocating for further escalation. The former PayPal

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Trump’s AI and Crypto Czar David Sacks warned that the U.S. strategy in Iran could lead to “catastrophic” outcomes.

Sacks Calls for Off-Ramp

Speaking on an episode of the All-In Podcast released Friday, Sacks said that continued military escalation against Iran could have disastrous regional consequences and called for a negotiated off-ramp.

The venture capitalist pointed out that the U.S. has significantly weakened Iran’s military capabilities, including its army, navy, and air force. Sacks suggested that this would be an opportune time to declare victory and withdraw.

“We’ve degraded Iranian capabilities massively,” Sacks said. “This is a good time to declare victory and get out — and that is clearly what the markets would like to see.”

However, Sacks also cautioned that some factions, particularly within the Republican Party, are advocating for further escalation. The former PayPal

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The U.S. Department of Commerce reportedly retracted a proposed rule on AI chip exports on Friday, marking a shift in the nation’s strategy to regulate the global AI chip market.

The rule’s draft was circulated among other agencies for feedback in late February. No explanation was given for the withdrawal.

A Reuters report stated that the proposed regulation called “AI Action Plan Implementation” was uploaded to the Office of Information and Regulatory Affairs website on February 26 for review, but was later removed. The rule had proposed evaluating whether foreign nations investing in U.S. data centers or offering security assurances should be a requirement for exporting 200,000 or more chips.

The ⁠Commerce Department did not immediately respond to Benzinga‘s request for comment.

This move is the latest in a series of reversals by the Trump …

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The U.S. Department of Commerce reportedly retracted a proposed rule on AI chip exports on Friday, marking a shift in the nation’s strategy to regulate the global AI chip market.

The rule’s draft was circulated among other agencies for feedback in late February. No explanation was given for the withdrawal.

A Reuters report stated that the proposed regulation called “AI Action Plan Implementation” was uploaded to the Office of Information and Regulatory Affairs website on February 26 for review, but was later removed. The rule had proposed evaluating whether foreign nations investing in U.S. data centers or offering security assurances should be a requirement for exporting 200,000 or more chips.

The ⁠Commerce Department did not immediately respond to Benzinga‘s request for comment.

This move is the latest in a series of reversals by the Trump …

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President Donald Trump announced on Friday that U.S. Central Command carried out a major bombing raid on Iran’s main crude oil export terminal, Kharg Island, and “totally obliterated every MILITARY target” on what he deemed the nation’s “crown jewel.”

The facility, located about 16 miles off the coast of Iran and about 300 miles from the Strait of Hormuz, handles about 90% of the country’s oil shipments.

US Strikes Iran’s Crown Jewel

In a post on Truth Social, Trump stated that the U.S. possesses the most powerful and sophisticated weapons in the world, but he chose not to destroy the oil infrastructure on the island.

However, he warned that any interference with the free and safe passage of ships through the Strait of Hormuz, a chokepoint for roughly 20% of global oil supply, would prompt a reconsideration of this …

Full story available on Benzinga.com

This post was originally published here

President Donald Trump announced on Friday that U.S. Central Command carried out a major bombing raid on Iran’s main crude oil export terminal, Kharg Island, and “totally obliterated every MILITARY target” on what he deemed the nation’s “crown jewel.”

The facility, located about 16 miles off the coast of Iran and about 300 miles from the Strait of Hormuz, handles about 90% of the country’s oil shipments.

US Strikes Iran’s Crown Jewel

In a post on Truth Social, Trump stated that the U.S. possesses the most powerful and sophisticated weapons in the world, but he chose not to destroy the oil infrastructure on the island.

However, he warned that any interference with the free and safe passage of ships through the Strait of Hormuz, a chokepoint for roughly 20% of global oil supply, would prompt a reconsideration of this …

Full story available on Benzinga.com

This post was originally published here


Quick Summary

  • Stan Druckenmiller says nobody really knows whether AI will destroy jobs, reshape them or trigger a very different inflation outcome than markets expect.
  • To prepare for a more uncertain future, free matching tools can connect you with financial advisors who can help test your savings, investing and retirement plan.

A lot of people are treating artificial intelligence (AI) like it will slash jobs, crush wages and push prices down. 

Stan Druckenmiller wants you to slow down before you buy that script.

“I don’t think any of us know how this movie is going to play out,” the billionaire investor said in a recent conversation with Morgan Stanley’s Iliana Bouzali, pushing back on the idea that AI will definitely be deflationary and trigger “massive job losses.”

His main objection is that people are drawing hard conclusions from something that’s still unfolding. “Anybody who believes that with conviction suffers from arrogance and not an open mind,” he said.

Why he thinks the jobs story is more complicated

Druckenmiller, who is famously known for achieving roughly 30% annual returns every year for 30 years, said that every big wave of technology has been greeted with predictions of mass unemployment, “all the way back to the horse and buggy.” 

It hasn’t worked out that way, though. Jobs have changed, but they haven’t disappeared. That’s why it is always good to stay prepared by speaking …

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In 2026, markets are navigating two powerful, seemingly different sources of uncertainty. Escalating conflict in the Middle East and growing stress in the private credit industry.

At first glance, the risks appear separate—one tied to commodities and global politics, the other to financial market plumbing. Yet beneath the surface, the two may interact in ways that amplify volatility worldwide.

Economist Mohamed El-Erian believes the key issue is how multiple shocks can compound rather than offset one another.

“In the real economy and finance, the negative factors do not net out; they compound,” he wrote in The Financial Times, warning that investors should not assume geopolitical or financial stresses will remain isolated events.

Private Credit Volatility

The private credit sector has expanded rapidly over the past decade, filling lending gaps left by banks after 2008. But its structure, illiquid loans funded by investor capital that expects periodic redemptions, has raised questions about resilience during periods of market stress.

Recent redemption pressure across the sector brought this vulnerability into focus. When withdrawals accelerate, managers may restrict redemptions to avoid forced asset sales, a mechanism that protects portfolios but can unsettle investors.

El-Erian has described the resulting contagion dynamic as familiar from past financial cycles.

“If you can’t sell what you want, you sell what you can,” he wrote, noting that investors facing liquidity constraints may offload unrelated assets simply to raise cash.

Such a dynamic can spread volatility beyond the private credit market itself, tightening financial conditions more broadly.

Oil Shock Returns

At the same time, geopolitical tensions involving Iran have reignited volatility in oil markets. Energy prices have surged as traders price in risks to Middle …

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Bitcoin (CRYPTO: BTC) held near $70,000 as Digital Assets Council financial professionals adviser Rick Edelman said investors should be “ecstatic” at current prices, arguing if you loved Bitcoin at $126,000, you have to love it more at $70,000.

The 10-40% Allocation Thesis

Edelman recommends investors allocate 10-40% of portfolios to crypto despite Bitcoin trading more than 30% below its $126,000 record high from mid-October. 

He argues adoption is growing and Bitcoin’s returns are likely to dramatically outperform any other asset class over the next 5-10 years.

“We talk about 5 or 10% returns for other assets. Bitcoin is going to be 5x or 10x over the next 5 to 10 years,” Edelman said. “So …

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Pi Network (CRYPTO: PI) surged 30% during Asia trading hours Friday after Kraken announced it will list the cryptocurrency ahead of Pi Day on March 14.

The Kraken Listing Catalyst

Kraken’s listing announcement triggered the rally as PI became available on a major U.S.-regulated exchange. 

The token is already listed on OKX, Gate, and Bitget, but Kraken’s entry expands access to mainstream retail and institutional traders.

The timing coincides with Pi Day on March 14, a holiday celebrating the mathematical constant where the first three digits are 3.14. The date has become a marketing opportunity for Pi Network, similar to how pizzerias and bakeries offer discounts.

Pi Network is a mobile-first cryptocurrency project that replaces traditional proof-of-work mining with a phone-based trust graph. 

Users tap a mobile app daily to “mine” tokens and form identity-verified security circles that feed into a consensus system derived from the Stellar protocol.

The …

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Editor’s note: This story was updated to correct a reference to private oil producers.

“Drill, baby, drill” has long been the Trump administration‘s political shorthand for unleashing U.S. oil production. But the latest shale data suggests the companies actually answering that call aren’t the oil giants dominating energy ETFs.

Instead, it’s a wave of privately held drillers — firms most investors have never heard of — quietly adding rigs across America’s shale basins.

• Helmerich & Payne stock is surging to new heights today. What’s driving HP stock higher?

Private Shale Operators Take The Lead

According to JPMorgan analyst Arun Jayaram, U.S. horizontal land rig activity rose modestly by three rigs week-over-week to 474 active rigs. The bigger story, however, is who is doing the drilling.

Private exploration and production companies added nine rigs during the week, while publicly traded shale firms cut five rigs. Activity from the oil majors remained largely unchanged.

Private operators now run 202 rigs — about 42% of total U.S. horizontal …

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Private markets investment management firm Hamilton Lane (NASDAQ:HLNE) said it does not believe there is a private credit bubble in its most recent 2026 market overview.

“With the increased capital available, with the increase in market share, with the ongoing press about the pressures on private credit, the casual observer would think that yields and spreads of private credit over broadly syndicated loans were collapsing. That would be a completely incorrect assumption,” Hamilton Lane wrote.

• Hamilton Lane stock is showing upward movement. Why is HLNE stock trading higher?

“Sponsors want private credit and seem willing to pay for what it has to offer. There is no sign of stress with these spreads or returns, relative to broadly syndicated loans,” the report continued.

Hamilton Lane believes banks carry “far riskier” loan pools than private credit, and the latest defaults are a problem with the banks, not with private credit itself.

Private credit has continued to reshape the global …

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Rivian Automotive Inc. (NASDAQ:RIVN) is down 16% in March as the company unveiled its R2 SUV at SXSW this week.

CEO RJ Scaringe called it a “make-or-break product.”

The launch model starts at $57,990, nearly $13,000 above the $45,000 entry price the company has been advertising. That cheaper version? Pushed to late 2027.

Rivian’s CSO Wassym Bensaid told the Wall Street Journal on Friday that only Tesla Inc. (NASDAQ:TSLA) and Rivian have caught on in the U.S. because they had the range, performance and value that customers want.

“We know that there are just two companies in the U.S. who know how to do it: Tesla and us,”

Chinese competitors like BYD, the world’s largest EV maker, kept out of the U.S. by large tariffs.

The …

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Quick Summary

  • Stan Druckenmiller says overanalyzing is “the biggest mistake in our business” because traders who wait for perfect information often miss the move.
  • For traders trying to act earlier without risking another blown-up small account, Apex Trader Funding offers a way to trade in a rules-based enviornment before putting personal money on the line.

Stan Druckenmiller has a warning for traders who spend too long searching for certainty.

“At some point, the analysis becomes counterproductive,” the billionaire investor said in a recent interview with Morgan Stanley’s Iliana Bouzali, calling overanalysis “the biggest mistake in our business.”

“Speed matters now,” said the legendary investor, who averaged roughly 30% annual returns over 30 years without a single down year.

“If you sit around and analyze a company for four months and you’re not willing to operate with 15% or 20% of information, you’ll often miss the big move,” he said. “And then you’re afraid to buy it because it has moved.”

For active traders, that idea underlines the reason why so many struggle to gain traction. The problem is not always being wrong. Often, it is hesitating too long, missing the setup, then chasing after the move is already underway.

Druckenmiller’s comments are relevant in a market today shaped by AI enthusiasm, rapid sentiment shifts and sharp rotations across sectors. …

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When a sharp selloff in AI stocks wiped roughly $1 trillion from tech valuations earlier this year, gold unexpectedly moved lower as well. For some investors, the drop raised a troubling question: if gold is the ultimate safe haven, why did it fall alongside risk assets?

According to Tarek Saab, CEO of Texas Precious Metals, the answer lies in how markets behave during periods of sudden volatility.

“Gold remains uncorrelated to tech assets and to the broader equities markets at large, which is why many continue to increase gold exposure in strategic portfolios,” Saab told Benzinga.

Gold: Short-Term Moves Vs Long-Term Role

During sharp market shocks, investors often sell multiple asset classes simultaneously as they raise cash or …

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Five and 15-minute Bitcoin (CRYPTO: BTC) prediction market contracts are attracting roughly $70 million in daily trading volume across Polymarket and Kalshi as retail traders use AI chatbots to scrape price data and generate odds for ultra-short-term bets.

The AI Trading Strategy

The Financial Times reported on Friday that Max Wojcik, a 29-year-old engineer, feeds weeks of Bitcoin price data into three AI chatbots—Claude, Gemini and ChatGPT. 

He has the chatbots analyze the data together and calculate his probability of winning before he places any five-minute trades.

“Claude is my major brain right now, but I’m still manually placing the trades,” Wojcik said.

The engineer claims to have doubled his money over the past two months using this AI-assisted approach.

Traders flocking to short-term crypto forwards on Kalshi and Polymarket are presented with dashboards showing real-time prices fluctuating around a “price to beat” as a clock counts down toward the end of the contract.

The $70M Daily Volume Surge

Both platforms began offering 15-minute “up-down” bets on Bitcoin, Ethereum

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Prediction market traders are pricing a 62% probability that the Trump administration removes at least one Jones Act domestic shipping requirement by June 30, a move that could hand Gulf Coast refiners like Valero Energy Corporation (NYSE:VLO) a major logistics advantage.

The Polymarket contract, which opened March 9, resolves to “Yes” if any of the century-old law’s four core restrictions are removed via legislation or executive action before the deadline.

What Happened

The White House confirmed Wednesday it is considering a temporary Jones Act waiver for energy and agricultural shipments.

Bloomberg reported the administration is developing a 30-day exemption covering oil, gasoline, diesel, LNG and fertilizer moving between U.S. ports.

The administration’s scramble to ease domestic fuel pressures comes as Brent crude briefly topped …

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MARA Holdings Inc (NASDAQ:MARA) shares traded higher on Friday. The move tracks a steady recovery in Bitcoin (CRYPTO: BTC) prices.

Bitcoin Recovery Boosts Mining Sector

The apex cryptocurrency climbed to $71,194.33, gaining 1.14% over the last 24 hours, according to CoinMarketCap data.

This recovery follows a broader uptick in digital asset sentiment. Markets reacted positively as Bitcoin maintained a 4.92% gain over the past seven days.

Broader cryptocurrency market momentum remains strong. Strategy Inc (NASDAQ:MSTR) also saw gains following massive Bitcoin acquisitions. Executive Chairman Michael Saylor recently noted on X, “You know there’s a delay between the time we buy the Bitcoin and the time Bitcoin goes to the …

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Venture Global, Inc. (NYSE:VG) shares are up on Friday as the company announced a final investment decision and financial close for its CP2 LNG Phase 2 project.

Details

The company secured an $8.6 billion project financing for the second phase of its CP2 LNG project, marking a significant milestone in its growth strategy.

This financing attracted over $19 billion in commitments from leading banks, showcasing strong demand for U.S. LNG investments.

The CP2 project is expected to reach peak production capacity of 29 million metric tons per annum, with nearly all output already contracted under long-term agreements with customers mainly in Europe and Asia.

Technical Analysis

Venture Global’s stock is currently trading 28.2% above its 20-day simple moving average (SMA) and 59.5% above its 100-day SMA, indicating strong short-term and longer-term momentum. Over the past 12 months, shares have increased by 39.48%, and they are currently positioned closer to their 52-week highs than lows, suggesting a bullish trend.

The RSI …

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In a letter to young creators, Apple Inc.’s (NASDAQ:AAPL) CEO, Tim Cook, disclosed the crucial question that steered his choice to join the then-ailing tech giant.

The letter published by the Steve Jobs Archives revealed that Cook, who joined Apple in 1998, was initially hesitant about leaving secure firms like IBM (NASDAQ:IBM) and Compaq, acquired in 2022 by Hewlett Packard (NYSE:HPE), for a company that was struggling.

He remembers, “Many people doubted the company could survive, and I was warned that accepting a job there would come with risks.”

Despite the risks, Cook was influenced by founder Steve Jobs‘ fervor and vision. However, his admiration for Jobs wasn’t the only factor in his decision. Cook needed to be sure the move was right for him.

Cook said the future is unpredictable despite our best efforts to shape it, and advises that instead of focusing on “What will happen?”, people should ask themselves something deeper.

Thus, he posed himself a potent question: “Who will I be when it does (happen)?”

This question guided Cook to choose purpose and passion …

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The Federal Trade Commission (FTC) has granted Tesla (NASDAQ:TSLA) approval to convert its investment in xAI into a stake in SpaceX, according to a recent filing.

• Tesla shares are consolidating. What’s the outlook for TSLA shares?

The filings also indicated that Musk, who is the CEO of both companies, sold portions of the holdings to several investors, including Valor Equity Partners and DJF Growth. Details including the size of the deals were not disclosed. The size of the deal must be reported if its value is over $133.9 million.

These filings …

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PPL Corporation (NYSE:PPL) shares are up on Friday as the company is reportedly reaching a settlement regarding its first distribution rate increase since 2016.

PPL Electric Utilities has submitted a joint petition for a non-unanimous settlement to the Pennsylvania Public Utility Commission (PUC), seeking approval for a $275 million increase in annual base distribution revenues. If approved, the new distribution base rates would take effect on July 1, 2026, and would not increase for two years thereafter.

The settlement aims to enhance system reliability and improve customer service while supporting investments for future growth. This marks the company’s first base distribution rate increase since 2016, indicating a significant shift in its revenue strategy.

Technical Analysis

PPL is currently trading 2.6% above its 20-day simple moving average (SMA) and 7.5% above its 100-day SMA, indicating a strong short-term trend.

Over the past 12 months, shares have increased 13.97%, and they are currently positioned closer to their 52-week highs than lows.

The RSI is at 55.19, which is considered neutral territory, suggesting that the …

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Interview with Sopnendu Mohanty, Group CEO GFTN…

Image Credit: Author

After a decade as Singapore’s Monetary Authority (MAS) Chief Fintech Officer Sopnendu Mohanty is now deploying capital. In an exclusive interview, he reveals the three-tech stack that will define finance and why his new fund partnership is a “model of responsible collaboration.”

Sopnendu Mohanty spent ten years as the chief architect of Singapore’s famously pragmatic, use-case-driven fintech ecosystem. Now, he’s trading regulatory guidance for strategic capital. In an exclusive interview, the former Monetary Authority of Singapore (MAS) Chief Fintech Officer, now Group CEO of the Global Finance & Technology Network (GFTN) detailed his mission to drive “a more equitable financial services” future. And he’s backing that mission with a recently announced $200 million fund.

“The kind of technology we saw over the last 10 years, the kind of technology that is coming in the next 10 years, does require a coordinated global response to get it right at a scale,” Mohanty said, explaining his shift from regulator to global network builder. “We have to ensure that the shift and the growth, whether using AI or tokenization or better encryption using quantum, all this should drive to a more equitable financial services.”

From Policymaker to Capital Deployer

Sopnendu Mohanty’s journey – 17.5 years at Citibank followed by a decade at the MAS gives him a unique lens. He believes GFTN, a not-for-profit spawned from the MAS, is “best equipped to provide top-notch advisory services to private sector and government” because it understands how to operate at scale in a regulated industry. The commercial arm of that vision, GFTN Capital, just took a major leap.

In November 2025, GFTN Capital announced a partnership with Japanese financial giant SBI Holdings and SBI Ven Capital to launch a US$200 million global innovation fund. The fund will target growth-stage fintech companies worldwide, specifically those leveraging AI, digital assets, cybersecurity and tokenization.

This …

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Michael Burry, the investor made famous by the 2008 financial crisis trade, used X on Friday to blast Nasdaq’s proposed rule changes ahead of SpaceX‘s anticipated initial public offering (IPO).

“This is the most SHAMELESS structural manipulation of a major index I’ve ever seen,” Burry wrote.

His target: two specific rule proposals Nasdaq quietly floated in February that critics say were designed around a single company.

SpaceX, the Tesla Inc (NASDAQ:TSLA) CEO Elon Musk-led commercial spaceflight company, is reportedly targeting a $1.75 trillion valuation for what could be the largest IPO in history.

Reuters reported the company is leaning toward a Nasdaq listing, potentially as early as June. Musk appeared to confirm the $1.75 trillion figure on X on March 2.

The ‘Fast Entry’ Rule: 15 Days, No Waiting

Currently, new public companies typically wait up to 12 months before qualifying for major index inclusion. That seasoning period allows real price discovery and protects passive investors from …

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Intuitive Surgical, Inc. (NASDAQ:ISRG) drew market attention Friday after revealing a cybersecurity incident involving unauthorized access to internal administrative systems.

The disclosure comes as medtech peer Stryker Corporation (NYSE:SYK) battles a major cyber disruption of its own.

What Happened?

The company said the breach resulted from a targeted phishing attack that compromised an employee account connected to certain internal applications.

The surgical robotics manufacturer disclosed that the incident involved limited data from internal business software systems.

The company said it quickly activated response procedures and secured affected systems after detecting the intrusion.

Incident Details

According to the company, the breach involved information accessed through compromised employee credentials.

The exposed data included certain customer contact information, employee records and corporate administrative data.

Intuitive emphasized that the intrusion did not affect its flagship robotic platforms. The company confirmed that its da Vinci surgical system, Ion endoluminal system and digital platforms remain secure and …

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

  • Baird analyst Davis Sunderland initiated coverage on H2O America (NASDAQ:HTO) with an Outperform rating and announced a price target of $67. H2O America shares closed at $57.36 on Thursday. See how other analysts view this stock.
  • Needham analyst Austin Bohlig initiated coverage on Karman Holdings Inc (NYSE:KRMN) with a Buy rating and announced a price …

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Citron Research reiterated its bullish stance on Credit Acceptance Corp. (NASDAQ:CACC) Friday, maintaining a $714 fair value target.

Writing on X, Citron said critics have the comparison to goeasy completely backwards.

“goeasy just handed us the best proof yet of why CACC is the only non-prime lender worth owning,” Citron posted Friday.

goeasy’s Numbers Tell the Story

Andrew Left’s Citron pointed directly to goeasy’s recent results as the contrast it needed.

The firm cited $330 million in quarterly charge-offs, an emergency restructuring, and a merchant channel collapse at the Canadian lender.

Citron is waiting on an 8-K that it says will disclose the settlement details.

“That’s what non-prime lending looks like without CACC’s dealer-first structure, 30-year collections infrastructure, and pool-level loss pricing built in from day one,” Citron wrote.

What …

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U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Friday.

Following the market opening Friday, the Dow traded up 0.68% to 46,995.67 while the NASDAQ rose 0.40% to 22,401.88. The S&P 500 also rose, gaining, 0.50% to 6,706.16.

Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Utilities shares rose by 1.3% on Friday.

In trading on Friday, energy stocks fell by 0.4%.

Top Headline

U.S. economic growth slowed sharply toward the end of 2025. Gross domestic product expanded at an annualized rate of 0.7% in the fourth quarter of 2025, according to the second estimate released Friday by the Bureau of Economic Analysis.

The reading was significantly revised down from the initial 1.4% estimate and marked a sharp deceleration from the 4.4% growth pace recorded in the third quarter.

Equities Trading UP
           

  • iSpecimen Inc (NASDAQ:ISPC) shares shot up 82% to $0.41 after the company announced the launch of its new AI-powered Inventory Agent.
  • Shares of bioAffinity Technologies Inc (NASDAQ:BIAF) got a boost, …

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Quick Summary

  • More than half of Americans used at least one risky financial stopgap late last year, with many cutting essentials, missing debt payments or even skipping medical care to stay afloat.
  • For borrowers buried under high-interest balances, you can compare lenders and personalized loan options in minutes without affecting credit scores.

For a growing share of Americans, the numbers don’t line up anymore.

A survey issued by Achieve found that in the last three months of 2025, 51% resorted to at least one “risky financial stopgap” after falling short on what they already owed. Half of those who took action cut spending on basic needs, 34% leaned harder on credit cards and 26% pulled money from emergency or short‑term savings.

In more severe cases, the trade‑offs were stronger. One in five respondents missed at least one debt payment, and another one in five delayed or skipped medical treatment. About 9% said they reduced or skipped prescribed medication doses. For households in that position, even small moves to lower the cost of existing debt or consolidate balances can be the difference between a short‑term setback and a long‑term spiral.

“This is what the K-shaped economy looks like in the real world,” said Achieve Co-CEO Andrew Housser. “There’s an affluent half of the population whose financial lives aren’t disrupted by momentary inconveniences. But for everyone else, financial triage and tradeoffs are a way of life.”

Belt‑tightening down to the last notch

The survey suggests many households have already exhausted easy ways to cut back. More than 9 in 10 said they could only reduce housing costs, bills …

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Shares of Nio Inc (NYSE:NIO) are trading higher in Friday’s premarket session. This follows a fourth-quarter earnings report and a wave of positive Wall Street sentiment.

Analysts Pivot to Bullish Outlook

Nomura upgraded the stock to Buy from Neutral following the results. The firm cited improving operational momentum as a primary driver.

Analysts at Macquarie also raised their price forecast to $6.50. They pointed to improved vehicle margins and lower operating cash flow.

Morgan Stanley remains Overweight with a $7.00 price target. This reflects confidence in Nio’s 40% to 50% delivery growth forecast.

HSBC has upgraded NIO’s stock rating to Buy …

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(Editor’s note: The future prices of benchmark tracking ETFs, the lede, the economic data, and the headline were updated in the story.)

U.S. stock futures pared earlier losses to rise on Friday following Thursday’s lower close. Futures of the major benchmark indices were up.

According to the Bureau of Economic Analysis, the second estimate for fourth-quarter 2025 GDP was revised down to an annual growth rate of 0.7%, reflecting a sharp deceleration from the 4.4% seen in the third quarter.

Concurrently, January 2026 data shows a resilient consumer despite the slowdown, with personal income rising 0.4% and personal spending (PCE) increasing 0.4%. While the headline PCE price index rose 2.8% year-over-year in January, the core PCE—which excludes volatile food and energy costs—remains more persistent at 3.1%, up from 3.0% in December.

Meanwhile, President Donald Trump, in a Truth Social post, warned Iran, saying, “Watch what happens to these deranged sc*mbags today,” after Iran’s Supreme Leader warned on Thursday that the Strait of Hormuz would remain closed, while the IRGC signaled potential retaliation against Israel’s Leviathan and Karish gas fields.

Trump Iran Warning

These threats to regional energy infrastructure coincide with the confirmed crash of a U.S. KC-135 refueling plane in Iraq and reports of explosions in Dubai following a drone interception.

The 10-year Treasury bond yielded 4.28%, and the two-year bond was at 3.76%. The CME Group’s FedWatch tool‘s projections show markets pricing a 99.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.

Index Performance (+/-)
Dow Jones 0.37%
S&P 500 0.39%
Nasdaq 100 0.36%
Russell 2000 0.51%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Friday. The SPY was up 0.46% at $669.15, while the QQQ advanced 0.45% to $599.97.

Stocks In Focus

Adobe

  • Adobe Inc. (NASDAQ:ADBE) dropped 9.02% in premarket on Friday despite reporting upbeat financial results for the first quarter of fiscal 2026 after the market closed on Thursday. However, CEO Shantanu …

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As of March 13, 2026, two stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.

Here’s the latest list of major overbought players in this sector.

Darling Ingredients Inc (NYSE:DAR)

  • On Feb. 11, Darling Ingredients posted better-than-expected quarterly sales. “Our commitment to operational excellence drove a strong fourth quarter, delivering solid EBITDA growth and sequential gross margin improvement, despite …

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Micron Technology Inc. (NASDAQ:MU) shares are gaining ground in Friday’s premarket session.

The move follows a bullish update from Wells Fargo. Analyst Aaron Rakers maintained an Overweight rating on the stock. He raised the price forecast from $410 to $470, according to Benzinga Pro.

The price forecast hike comes just five days before Micron reports its second-quarter 2026 results. The company will release earnings on Wednesday, after the closing bell. Analysts estimate earnings per share of $8.56 and quarterly revenue of $19.12 billion.

Traders are showing renewed optimism …

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U.S. economic growth slowed sharply toward the end of 2025. Gross domestic product expanded at an annualized rate of 0.7% in the fourth quarter of 2025, according to the second estimate released Friday by the Bureau of Economic Analysis.

The reading was significantly revised down from the initial 1.4% estimate and marked a sharp deceleration from the 4.4% growth pace recorded in the third quarter.

The downward revision from the advance estimate was driven by weaker exports, softer consumer spending, lower government outlays and reduced investment, while imports declined less than previously estimated.

Compared with the third quarter, the slowdown in real GDP growth primarily reflected declines in government spending and exports, alongside a cooling in consumer spending. These factors were partially offset by stronger investment, which accelerated during the quarter.

Core PCE Inflation Rises …

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.

Nordic American Tankers Ltd (NYSE:NAT)

  • Dividend Yield: 9.46%
  • Jefferies analyst Omar Nokta maintained a Hold rating with a price target of $3.5 on Nov. 28, 2025. This analyst has an accuracy rate of 79%.
  • Evercore ISI Group analyst Jonathan Chappell maintained an In-Line rating and increased the price target from $2.5 to $3 on Oct. 28, 2025. This analyst has an accuracy rate of 74%
  • Recent News: On Feb. 26, …

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Microsoft Corp. (NASDAQ:MSFT) has reached a new milestone in operational excellence, with its quality ranking surging to the 90.05th percentile.

MSFT Quality Rises Week-On Week

This significant week-on-week climb from 89.96 comes as the tech giant reportedly moves to secure massive AI infrastructure in Abilene, Texas, according to a report by The Information.

Benzinga Edge Stock Rankings‘ quality score places Microsoft in the top tier of companies for financial health and operational efficiency.

Despite the stellar quality score, Microsoft faces negative price trends. The stock is currently trending downward across short, medium, and long-term timeframes.

Furthermore, the momentum score sits at a low 20.40, suggesting that the market has yet to reward MSFT‘s fundamental improvements with price appreciation.

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Bitcoin climbed to $72,000 on Friday, with Bitcoin ETFs seeing $53.9 million in net inflows on Thursday, while Ethereum ETFs reported $72.4 million in net inflows.  


Cryptocurrency
Ticke Price
Bitcoin (CRYPTO: BTC) $72,320.38
Ethereum (CRYPTO: ETH) $2,123.98
Solana (CRYPTO: SOL) $90.15
XRP (CRYPTO: XRP) $1.42
Dogecoin (CRYPTO: DOGE) $0.09978
Shiba Inu (CRYPTO: SHIB) $0.056156

Meme coin market capitalization spiked 10.1% to $34.8 billion over the past 24 hours.

Trader Commentary:

Analysts at Bitfinex noted that since Operation Epic Fury, Bitcoin has gained roughly 6%, while the S&P 500 …

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Science Applications International Corporation (NASDAQ:SAIC) will release earnings for its fourth quarter before the opening bell on Monday, March 16.

Until then, some SAIC investors may be eyeing potential gains from the company’s annual dividend yield of 1.62% ($1.48 a year). That’s a quarterly dividend amount of 37 cents per share. So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $371,103 or around 4,054 shares. For a more modest $100 per month or $1,200 per year, you would need $74,239 or around 811 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.48 in this case). So, $6,000 / $1.48 = 4,054 ($500 per month), and $1,200 / $1.48 …

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NEW YORK, March 13, 2026 /PRNewswire/ — Institutional Investor today announced the official launch of the Alpha Edge Buy List, an exclusive, allocator-curated recognition platform designed solely for private equity firms that exemplify alignment, governance discipline, transparency, and long-term value creation.

Developed in collaboration with senior institutional investors serving on the Alpha Edge Advisory Board, the Buy List establishes a new global benchmark for excellence in private equity — reinforcing the standards that matter most to long-term capital allocators.

Unlike traditional rankings or sponsorship-based awards, inclusion on the Alpha Edge Buy List is not open for application and is not pay-to-play. Firms are nominated by members of the Advisory Board and vetted through a structured research and verification process …

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On CNBC’s “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said Netflix, Inc. (NASDAQ:NFLX) is a defensive stock.

CFRA analyst Kenneth Leon, on March 6, upgraded Netflix from Hold to Buy and announced a $115 price target.

Stephanie Link, CIO at Hightower, named Target Corporation (NYSE:TGT) as her final trade.

As per the recent news, Target announced Wednesday it is lowering prices on more than 3,000 items across apparel, home goods, baby essentials, and select food and beverages as shoppers prepare for the spring season. The price reductions are mostly 5% to 20% lower than the …

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

  • HSBC analyst Yuqian Ding upgraded Nio Inc – ADR (NYSE:NIO) from Hold to Buy and raised the price target from $4.8 to $6.8. NIO shares closed at $5.55 on Thursday. See how other analysts view this stock.
  • Itau BBA analyst Alejandro Fuchs upgraded BBB Foods Inc (NYSE:TBBB) from Market Perform to Outperform and announced a $42 price target. BBB Foods shares …

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A trader on Reddit’s r/wallstreetbets said they grew a brokerage account from $50,000 to more than $520,000 in less than a year, using margin to buy shares rather than relying on the short-dated options trades more commonly associated with the forum.

The post offered a detailed breakdown of the trades that drove the gains and the strategy behind them.

“My first big trade was buying $SBET at $9 in early 2025, which turned my account into around $200k,” the trader wrote.

That position in Sharplink Inc (NASDAQ:SBET) appears to have provided the capital for a series of later trades across multiple names and sectors.

From that $200,000 base, the trader described taking both long and short positions. Among them was a short on Rigetti Computing (NASDAQ:RGTI) near the stock’s highs, as well as a long position in Coinbase Global (NASDAQ:COIN). You can make the same types of trades by going long or short futures with Apex Trader Funding. The trader said they bought 5,500 shares of Coinbase at an average price of $145 and sold them at $172, producing a profit of about $148,500 on that trade.

The post also described buying weakness in cybersecurity stocks, including CrowdStrike Holdings (NASDAQ:CRWD) and Cloudflare Inc (NYSE:NET), during a broader market pullback.

By March 10, the trader said the account balance had reached $523,125.66, with a year-to-date gain of more …

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Gold has fallen roughly 3% since the U.S. and Israel struck Iran on Feb. 28, even as Brent crude has surged nearly 40% toward $100 a barrel.

The SPDR Gold Shares (NYSE:GLD) is sitting around $468 while the S&P 500 slides to its lowest since November.

Why Gold Falls First In A War

Giovanni Staunovo, a strategist at UBS Global Wealth Management who was bullish on gold throughout its 64% surge in 2025, told CNBC the drop is textbook.

“Historically, it is not uncommon to see gold falling as first reaction when financial markets show stress signs as gold is a highly liquid asset,” Staunovo said.

When panic hits, investors sell what they can liquidate fast. …

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PHILADELPHIA, March 12, 2026 /PRNewswire/ — abrdn Global Income Fund, Inc. (NYSE:FCO) announces that the Special Meeting of Shareholders was held and adjourned today, to allow for the solicitation of additional proxies to achieve the requisite quorum. The Fund has set a new adjournment date for its Special Meeting of Shareholders of Wednesday, April 1, 2026, at 11:30 am Eastern Time.

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Looking at its returns during past global conflicts, Bitcoin (CRYPTO: BTC) crashes when wars start but recovers within 50-60 days.

Data across 20 geopolitical events showing average gains of 31.2% as governments increase money supply to fund conflicts.

The Crash-Then-Rally Pattern

Bitwise research head Andre Dragosch earlier found Bitcoin often experiences short-term price drops when geopolitical risks arise, but within 50 days, price typically recovers and surpasses pre-event levels. 

Across the top 20 major geopolitical risk events since July 2010, Bitcoin performed on average +31.2% after 50 days.

Binance Research and BlackRock arrived at similar conclusions: Bitcoin has historically rebounded by an average of 37% within 60 days following major geopolitical incidents. 

This pattern has repeated with striking regularity as Bitcoin matured.

The Recent Conflicts

During Russia’s February 2022 invasion of Ukraine, BTC plummeted from approximately $39,000 to $34,322 within hours.

By March 1, BTC had surged back to $44,000 as crypto …

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Netflix, Inc. (NASDAQ:NFLX) stock traded relatively flat on Thursday amid reports of workforce changes within its global product team.

• Netflix shares are consolidating. What should traders watch with NFLX?

The reported move reflects internal restructuring as the streaming company adjusts leadership responsibilities and team structures.

Benzinga has requested Netflix for their comments on the story and will update once we get a response.

Workforce Changes

Netflix recently eliminated several dozen positions within its global product team as part of an internal reorganization, Variety reports. The affected group primarily supported marketing design, promotional assets, and creative materials tied to content and product launches.

People familiar with the situation told Variety that the cuts targeted the company’s “creative studio unit”.

That team produces promotional materials such as posters, trailers inside the platform, and visuals used in live experiences.

However, …

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A trader on Reddit’s r/wallstreetbets says they turned roughly $10,000 into more than $53,000 on a Netflix Inc (NASDAQ:NFLX) options trade in just a few weeks, posting a screenshot that showed a gain of more than 424%.

The trade caught attention because it was tied to the market’s shifting view of Netflix’s pursuit of Warner Bros. Discovery and the possibility that Netflix could still come out ahead financially even if it lost the deal. 

The trader shared a position showing 100 Netflix call contracts with a $90 strike and a March 20, 2026 expiration. According to the screenshot, the contracts were purchased on Feb. 3 for an average cost of $1.01, or about $10,100 total.

By Feb. 27, those same contracts were marked at $5.30, putting the position’s value at roughly $53,000 and implying a profit of about $42,900 in a little over three weeks—the kind of swing that attracts traders who want a place to both trade and earn 8.1% APY on idle cash while they wait for the next setup.

The setup drew praise from other users, with one commenter saying, “I love this trade. Bought on 2/3 with month plus to work out…either it would bounce [because] deal is off or bounce [because] deal going through. They got $2 [billion] in breakup fee so that’s free money.”

That comment needs context. The deal was Netflix’s proposed acquisition of key Warner Bros. Discovery assets, and the breakup-fee thesis was real. 

Reuters reported last month that Paramount Skydance had offered to fund the …

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Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) both are hovering near critical support levels after 58-60% declines from highs as descending channels trap price and money flow turns deeply negative.

DOGE Tests $0.09 Floor

Dogecoin dropped roughly 60% over five months from $0.23 in October 2025 to current levels. 

A descending channel has guided price lower since October, with every bounce sold and every rally failing at the upper boundary.

The Supertrend indicator at $0.109 flashes red. When all moving averages sit above price and slope down, sellers control every timeframe.

Volume dried up 25.5% to $2.86 billion. Lower volume during a downtrend signals fewer buyers …

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New York City, NY, March 12, 2026 (GLOBE NEWSWIRE) —

I. Introduction

The online gambling landscape has undergone a significant transformation over the past several years, with cryptocurrency-powered slot games emerging as one of the fastest-growing segments in digital gaming. Players are increasingly drawn to the promise of faster transactions, enhanced privacy, and provably fair mechanics that blockchain-based casinos offer over their traditional counterparts.

But with rapid growth comes legitimate concern. The crypto casino space remains largely unregulated in many jurisdictions, and the gap between marketing claims and actual player experience can be wide. For every reputable platform operating transparently, there are dozens of fly-by-night operations designed to exploit uninformed depositors.

This report is designed to cut through the noise. We examine how crypto slots actually work, what determines their legitimacy, how payout mechanisms function under the hood, and what every player should verify before committing funds to any platform. Our goal is to give readers a practical framework for evaluating any crypto slots casino they encounter, whether they are seasoned gamblers or newcomers exploring digital currency gaming for the first time.

II. What Are Crypto Slots?

Crypto slots are online slot machines that accept cryptocurrency deposits and process withdrawals in digital currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and others. From a gameplay perspective, they function identically to traditional online slots: players place a wager, spin the reels, and outcomes are determined by a random number generator (RNG).

The key difference lies in the transaction layer. Traditional online casinos rely on banks, credit card processors, and third-party payment providers to move money in and out. Crypto slots eliminate these intermediaries. Deposits land in your casino account within minutes rather than days, and withdrawals bypass the slow verification queues that plague fiat-based platforms.

Provably Fair Technology

One of the most compelling innovations in the crypto gambling space is provably fair technology. This system uses cryptographic hashing to allow players to independently verify that each spin outcome was genuinely random and was not tampered with by the casino after the bet was placed. In a provably fair system, the casino generates a server seed before the spin, the player provides or is assigned a client seed, and the combination of both seeds determines the outcome. After the spin, the server seed is revealed so the player can verify the result mathematically.

Not all crypto slot platforms implement provably fair systems. Some still rely on traditional third-party RNG audits, which are credible but less transparent than on-chain verification. When evaluating a platform, understanding which verification method they use is an important first step.

Supported Cryptocurrencies

Most crypto slot casinos support Bitcoin and Ethereum as a baseline. More established platforms expand their options to include Litecoin, Dogecoin, Bitcoin Cash, Tether (USDT), USD Coin (USDC), and in some cases, Solana, Tron, and Ripple. The breadth of supported currencies matters because it affects deposit speeds, network fees, and the flexibility players have in managing their bankroll.

III. Do Crypto Slots Actually Work?

This is the question that drives most players to search for independent information before depositing. The short answer is yes, crypto slots function on the same mathematical principles as any regulated online slot machine. But there are important nuances that separate a legitimate crypto slots experience from one designed to take your money.

RNG and Fair Play Verification

Every legitimate slot game, whether crypto or fiat, is powered by a random number generator. The RNG produces thousands of number sequences per second, and the sequence active at the exact moment you press spin determines your outcome. In regulated environments, these RNGs are tested and certified by independent auditing firms such as eCOGRA, iTech Labs, or GLI (Gaming Laboratories International).

Crypto casinos that operate under recognized licenses typically undergo the same auditing process. Those that implement provably fair technology add an additional layer of transparency by allowing players to verify outcomes directly. Platforms that offer neither third-party audits nor provably fair verification should be approached with extreme caution.

RTP Rates: What to Expect


Return to Player (RTP) is the percentage of total wagered money that a slot game pays back to players over time. A slot with a 96% RTP will, on average, return $96 for every $100 wagered over millions of spins. This is a long-term statistical average, not a guarantee for any individual session.

Crypto slots from reputable game providers like Pragmatic Play, BGaming, Hacksaw Gaming, and Endorphina typically offer RTPs between 94% and 97%, which is consistent with the broader online slots industry. Players should be wary of platforms that do not disclose RTP figures or that run proprietary games with no independent audit data.

What Realistic Outcomes Look Like

Slots are inherently a negative-expectation game. The house edge ensures that over time, …

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MercadoLibre, Inc. (NASDAQ:MELI) shares fell Thursday after JPMorgan downgraded the Latin American e-commerce giant, warning that intensifying competition in Brazil and heavier investment spending could keep profit margins under pressure.

The bank cut its rating on MercadoLibre to Neutral from Overweight and lowered its price forecast to $2,100 from $2,650, citing persistent competitive pressure in Brazil—particularly from Sea Limited’s (NYSE:SE) Shopee platform—and management’s willingness to accept lower near-term margins while prioritizing growth investments.

MercadoLibre Plans $3.4B Argentina Investment

Separately, MercadoLibre expects to invest $3.4 billion in Argentina in 2026, a roughly 30% increase from the $2.6 billion planned for 2025, CEO Ariel Szarfsztejn said, Reuters reported.

The investment will support logistics expansion, new distribution centers, technology upgrades, and growth of fintech unit Mercado Pago.

The company also plans to create nearly 2,000 jobs in Argentina, where it currently employs about 16,700 people, Reuters reported.

Technical Analysis

Mercado Libre is trading 11.3% below its 20-day simple moving average (SMA) and 19.6% below its 100-day SMA, keeping both the short- and intermediate-term trend pointed down. Shares are down 17.79% over the past 12 months and are now positioned closer to …

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Kevin Warsh is about to inherit the most hostile environment for rate cuts since the Fed started easing last September.

Donald Trump‘s Fed Chair nominee takes over from Jerome Powell in May with oil near $95, private credit in open distress and inflation still above target.

Polymarket traders now price a 22% chance of zero rate cuts in 2026, roughly double where that contract sat in January when consensus still expected two or three cuts.

The most likely single outcome is one cut at 30%. The April 28 FOMC decision is priced at 91% hold.

J.P. Morgan Global Research no longer expects the Fed to cut at all this year.

Oil Is The Problem Nobody Can Hedge Away

Iran is laying mines and attacking vessels in the Strait of Hormuz, and even a historic 400-million-barrel emergency reserve release from the IEA hasn’t been enough to bring prices down.

Analysts warn oil could breach …

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America’s Car-Mart, Inc. (NASDAQ:CRMT) reported a difficult quarter as weather disruptions, weaker sales volume and transition-related pressures hurt results.

Even so, the company highlighted improving unit economics and greater flexibility after recent changes to its capital structure.

• America’s Car-Mart stock is at significant support. Why did CRMT hit a new low?

Earnings Snapshot

The company reported third-quarter adjusted earnings per share of $1.53 loss, which missed the Street view of 28 cents loss. Quarterly sales of $286.792 million (down 12% year-over-year) missed the analyst consensus estimate of $331.927 million.

Sales volumes declined 22.1% to 10,275 units, reflecting constraints on origination capacity resulting from the company’s ongoing capital …

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Block Inc. (NYSE:XYZ) shares are retreating during Thursday’s session. The decline follows a broader market sell-off affecting the technology sector.

Macroeconomic Pressures Weigh On Growth

The Nasdaq fell 1.30% while the S&P 500 shed 1.14% on Thursday. Technology stocks are also lower today. Investors are reacting to Wednesday’s Consumer Price Index report. Inflation held steady at 2.4% in February. This matched the economist’s estimates.

However, the data was collected before the war in Iran. That conflict has since pushed fuel prices sharply higher.

The stock is reacting negatively as concerns over inflation and higher rates stemming from the Middle East conflict darken the outlook for consumer lending.

Dorsey’s AI Strategy In Focus

CEO Jack Dorsey recently praised Nvidia Corp.’s

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Few commodities are as volatile as silver. After surging to record highs earlier this year, the metal experienced a sharp pullback that rattled investors and reignited debate about whether the rally had gone too far, too fast.

But according to Tarek Saab, CEO of Texas Precious Metals, the broader bull market in silver may still be intact.

“While we do not publish internal forecast, we remain structurally bullish as long as silver holds above prior resistance at $50,” Saab told Benzinga.

A Historic Breakout Level

For decades, silver struggled to sustainably break above the $50 level — a price that acted as …

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Morgan Stanley, one of the world’s largest investment banks, is cutting 3% of its workforce, roughly 2,500 employees, across all business divisions.

The job cuts impacted Morgan Stanley’s three major divisions — investment banking and trading, wealth management and investment management — but not its financial advisors, FOX Business confirmed.

The cuts were based on business priorities, location strategy and individual performance, and the bank plans on adding resources in other areas. The layoffs were first reported by The Wall Street Journal.

JACK DORSEY CUTS NEARLY HALF OF BLOCK WORKFORCE AMID MAJOR AI OVERHAUL

The layoffs come after Morgan Stanley, which has around 83,000 global employees, reported a banner year in 2025, posting record annual revenue.

Last quarter, the bank surpassed profit estimates, largely due to a nearly 50% increase in investment banking revenue.

Several U.S. companies have announced significant layoffs this year as they integrate artificial intelligence (AI) tools into their operations.

PRIVATE SECTOR ADDED 63,000 JOBS IN FEBRUARY, ABOVE EXPECTATIONS, ADP SAYS

Last week, Block said it was slashing nearly half of its workforce — more than 4,000 jobs — as the payments firm works to embed AI throughout its operations.

CEO Jack Dorsey said the company planned to enact a single round of large cuts instead of a series of smaller workforce reductions to give the company more room for growth as it adapts to the AI era.

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Amazon has also announced a series of recent reductions totaling approximately 30,000 jobs.

FOX Business’ Eric Revell and Reuters contributed to this report.

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A single digital gambler known only as “Magamyman” walked away with $600,000 this weekend after successfully betting on the U.S. military’s strike against Iranian leadership—and he was not alone.

As millions of dollars flooded into controversial prediction markets tied to U.S. strikes on Iran and the death of Ayatollah Ali Khamenei, blockchain investigators say a handful of suspected insiders may have used non-public information to turn the fog of war into a personal windfall.

Just before the U.S.-led strikes that rocked Iran early Saturday, Reuters and other outlets reported a surge of “suspiciously timed bets” that generated significant profits. Blockchain analytics firm Bubblemaps identified six suspected insiders in a post on X, saying they collectively netted $1.2 million on Polymarket just hours before the conflict began.

BETTING COMPANY POLYMARKET OPENS N.Y.C.’S FIRST FREE GROCERY STORE IN DOWNTOWN MANHATTAN

Total trade volume on the fate of Khamenei reached more than $55 million on Kalshi and more than $58 million on Polymarket.

Kalshi faced intensified scrutiny after the federally regulated exchange voided some trades made on the position, “Ali Khamenei out as Supreme Leader?” as fine print indicates that individuals cannot profit directly from death. Instead of settling the “Yes” contracts at the full $1 value, Kalshi invoked a “death carveout” rule, settling positions based on the last traded price before his death was officially confirmed and refunding all trading fees.

“As an exchange, we resolve the market according to the rules, even when there is disagreement with the resolution. I understand many of you are frustrated about the Khamenei market,” Kalshi co-founder Tarek Mansour posted on X.

“No trader lost money on this market. While the rules were clear and we tried our best to highlight them, traders vocalized they were not prominent enough,” Mansour continued. “We learned a lot from this market. We are updating how we present similar markets (e.g., those with a death carveout or where a death might be a likely scenario) so traders can see the exception more clearly before they trade.”

Neither Polymarket nor Kalshi immediately responded to Fox News Digital’s request for comment.

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“Gambling on war and death doesn’t just present national security risks, it also raises serious concerns about potential insider trading—presenting unscrupulous government officials with a chance to profit off the new war in Iran,” Senate Minority Leader Adam Schiff, D-Calif., posted to X on Monday. “These contracts are immoral. [Commodity Futures Trading Commission] can and must ban them.”

However, this is not the first time prediction markets have faced scrutiny for alleged insider trading. Just last month, Kalshi took action by suspending and fining two users — including an employee of the world’s most-subscribed YouTuber, MrBeast — for trading on material, nonpublic information.

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Stanley Black & Decker said it will eliminate roughly 300 positions in New Britain, Connecticut, and close a manufacturing facility that produces single-sided tape measures as part of its ongoing restructuring efforts.

The move is tied to what the company described as a sustained decline in demand for the product category. The New Britain site primarily manufactures single-sided tape measures, which the company said are becoming obsolete in certain markets.

“As a result of a structural decline in demand for single-sided tape measures, we have decided to close our facility in New Britain that predominantly makes these products,” Debora Raymond, vice president of external communications for Stanley Black & Decker, said in a statement to WFSB. “These products are quickly becoming obsolete in the markets we serve.”

EBAY CUTS 800 JOBS ACROSS COMPANY OPERATIONS JUST DAYS AFTER DROPPING $1.2B ON TRENDY GEN Z FASHION APP

Raymond said the company is focused on assisting affected workers through the transition, including exploring opportunities at other locations as well as providing severance and job placement support for both salaried and hourly employees.

The reduction affects approximately half of the company’s roughly 600 employees in New Britain as of 2024. Stanley Black & Decker said its world headquarters in the city will remain open. The company has not disclosed a timeline for the facility’s closure.

The decision comes as Stanley Black & Decker continues executing a multiyear cost-reduction and operational simplification plan. Since late 2023, the company has reduced its global workforce by about 7,000 employees and completed a $2 billion savings program that included facility consolidations and supply chain adjustments.

Stanley Black & Decker has been headquartered in New Britain since the 19th century, and its longstanding presence contributed to the city’s “Hardware City” identity.

Connecticut Gov. Ned Lamont acknowledged the impact on workers and families, saying workforce transitions are difficult but expressed hope that affected employees will find new opportunities.

“Although Stanley has made the decision to discontinue operations for manufacturing outdated products, a change in workforce opportunities is difficult for employees, their families, and any community,” Lamont said in a statement to WFSB. “However, I am hopeful that these skilled workers will be repurposed with the help of Stanley Black & Decker, a company that will still proudly be headquartered here in Connecticut. My administration is working closely with local and state leaders to support affected workers and to reimagine the factory site so it can continue to create opportunity and strengthen New Britain’s economic future.”

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The company has not indicated whether additional workforce actions are planned at other locations.

FOX Business reached out to Stanley Black & Decker for comment.

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U.S. stocks fell on Tuesday as investors eye growing tensions in the Middle East and their potential effects on inflation and global trade.

The Dow Jones Industrial Average fell 403.51 points, or 0.83%. The Dow was down 1,278 points, or 2.6%, at the worst levels of Tuesday’s trading session.

The Nasdaq Composite and S&P 500 dropped 1.02% and 0.94%, respectively.

Investors feared that the higher oil prices could fuel inflation and complicate central bank policy decisions already strained by tariff-driven price increases.

US ‘SITTING ON SIGNIFICANT PROVEN RESERVES’: ANALYST SAYS AMERICA CAN WITHSTAND IRAN ENERGY SHOCK

International benchmark Brent crude was up more than 4% at $81 a barrel on Tuesday, while West Texas Intermediate crude climbed over 4% to $74 per barrel.

Oil prices eased on Tuesday after President Donald Trump ​said he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial ‌guarantees for maritime trade traveling the Gulf, adding that the U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary.

“No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH,” Trump wrote in a Truth Social post.

Tehran’s threat to attack any vessel attempting to transit the Strait of Hormuz, combined with production halts by several Middle Eastern oil and gas producers, has driven up global shipping rates and prices of crude and natural gas.

The strait, a critical choke point, carries roughly one fifth of the world’s total oil consumption.

The 10-year Treasury yield touched its highest level in more than a week and investors pushed back expectations for a 25-basis-point interest rate cut by the Federal Reserve to September from July, according to LSEG-compiled data.

OIL MARKETS ON EDGE AS IRAN MOVES TO RESTRICT VITAL STRAIT OF HORMUZ SHIPPING LANE, REPORT SAYS

“Investors worry about additional inflation coming down the road. The main concern is that (oil prices) goes to over $100 a barrel and stays there,” said Robert Pavlik, senior portfolio manager at Dakota Wealth.

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Reuters contributed to this report.

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Oil prices have climbed after reports that Iranian drones struck a major liquefied natural gas (LNG) facility in Qatar, rattling global energy markets and reigniting debate over energy security.

But while the market reaction was swift, one energy analyst says the United States is structurally better prepared to weather the shock than many of its allies.

“Energy security is national security,” Independent Women’s Center for Energy and Conservation Director Gabriella Hoffman said in an interview with Fox News Digital. “If your energy policy is tied to boosting domestic production and insulating yourself from geopolitical threats, you’re going to be in a stronger position during moments like this.”

In the early morning hours on Saturday, U.S. military forces launched a massive joint military operation against Iran, known as “Operation Epic Fury.” The attacks have already left major leaders dead, including Iranian Supreme Leader Ayatollah Ali Khamenei, and spurred other strikes across the Middle East region.

OIL MARKETS ON EDGE AS IRAN MOVES TO RESTRICT VITAL STRAIT OF HORMUZ SHIPPING LANE, REPORT SAYS

Iranian retaliation involving drone strikes hit energy infrastructure in Qatar on Monday, prompting QatarEnergy to halt LNG production at key facilities. Qatar’s LNG exports account for nearly 20% of global supply.

As a result, global benchmark Brent Crude and U.S. crude futures rose sharply, with Brent up more than 8% toward around $79 a barrel and U.S. crude up about 7.6% on Monday amid supply fears.

European energy and natural gas prices also surged in response, underscoring the continent’s continued dependence on imported LNG following its pivot away from Russian gas. Hoffman also noted that major energy importers such as China are significantly reliant on Qatari LNG supplies.

“Countries that are dependent on Middle Eastern reserves are going to have to look closer to home,” Hoffman said. “If you’re relying heavily on foreign suppliers and something like this happens, you’re more exposed to volatility and instability.”

Hoffman argued the United States is less vulnerable than Europe because of its recent surge in domestic production and LNG export capacity. The U.S. recently became the world’s largest net exporter of petroleum products and continues expanding production capacity under Trump administration directives.

That position, she said, provides insulation from external supply shocks.

“We are scaling up production. We’re approving more infrastructure. We’re cutting red tape,” Hoffman said. “If we’re not approving new projects fast enough, that could eventually hold us back.”

Still, she maintained that the U.S. is “in a much stronger position than we would have been” under Biden-Harris policies that constrained domestic production. Hoffman further argued that Iranian conflict will not fundamentally disrupt American energy goals.

She pointed to prior geopolitical tensions — including developments involving Venezuela — that did not trigger sustained price spikes.

“It’s early,” she cautioned. “We’re still waiting to see how this unfolds. But recent history shows that markets can adjust more quickly than some forecasts suggest.”

“Energy is now a geopolitical tool,” she continued. “If allies see instability from relying on rogue nations or unstable regions, that could increase demand for American LNG.”

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For now, markets remain in a “wait-and-see mode,” according to Hoffman. Much will depend on whether further infrastructure is targeted and whether the conflict escalates.

“We’re sitting on significant proven reserves,” she said. “With the right policies, America can weather this kind of shock… The lesson here… is that energy policy decisions made years ago determine how resilient you are today.”

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Oil prices surged on Monday as fears mounted that the escalating Iran conflict could drag on for weeks, rattling global energy markets.

Global benchmark Brent crude jumped more than 8.5%, or $6.40, to $79.20 a barrel following U.S. and Israeli strikes on Iran that killed Supreme Leader Ali Khamenei.

U.S. West Texas Intermediate also surged 7.8%, or $5.35, to $72.30 per barrel after briefly hitting $75.33 — its highest since June of last year – on Sunday.

OIL MARKETS ON EDGE AS IRAN MOVES TO RESTRICT VITAL STRAIT OF HORMUZ SHIPPING LANE, REPORT SAYS

Analysts at Citi warned that prices could climb further if the conflict persists, projecting Brent could trade between $80 and $90 a barrel in the coming days.

Israel launched fresh strikes on Iran Sunday, with Tehran responding with new missile barrages, further escalating tensions in a region responsible for a significant share of the world’s oil production, Reuters reported.

MUSK POINTS TO HIGHEST ‘EVER’ USAGE OF X AMID US-ISRAEL STRIKES ON IRAN

Missiles on Sunday also struck several oil tankers near the Strait of Hormuz — the world’s most critical oil export route — killing one crew member and raising alarms across global markets, Reuters reported.

As tensions mounted Sunday, more than 200 vessels — including oil and liquefied natural gas tankers — were anchored near the passage which carries roughly 20% of the world’s oil supply, according to Reuters.

‘IT’S CALLED A WHOOP’: CEO REJECTS SECURITY RISK CLAIM ABOUT SUSIE WILES

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Iran reportedly moved to restrict navigation along the Strait of Hormuz following the strikes.

Major exporters, including Saudi Arabia, Iraq, the United Arab Emirates, Kuwait and Iran, depend heavily on the route.

Reuters contributed to this report.

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Block on Thursday announced that it will cut nearly half of its workforce as the payments firm works to embed artificial intelligence (AI) throughout its operations.

The layoffs will affect over 4,000 jobs at the company and CEO Jack Dorsey indicated he moved forward with a single round of large cuts rather than a series of smaller workforce reductions to give the company more room for growth as it adapts to the AI era.

Dorsey explained the decision in a series of posts on X, the social media platform he previously led when it was known as Twitter, saying that he isn’t making the decision because Block is in trouble but because the smaller workforce “gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.”

He said in his note that the job cuts are “one of the hardest decisions in the history of our company: we’re reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation.”

NVIDIA CEO SAYS ARTIFICIAL INTELLIGENCE BOOM IS JUST GETTING STARTED: ‘AI IS GOING TO BE EVERYWHERE’

Block will offer affected workers 20 weeks of salary as well as one week per year of tenure, equity vested through the end of May, six months of healthcare, corporate devices and $5,000 to put toward whatever they need to aid in their transition, Dorsey said.

Dorsey said that the “intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that’s accelerating rapidly.”

ALTMAN CALLS MUSK’S SPACE DATA CENTER PLANS ‘RIDICULOUS’ FOR CURRENT AI COMPUTING NEEDS

He went on to say that Block will be built with “intelligence at the core of everything we do. how we work, how we create, how we serve our customers.”

Dorsey added in a follow-up post that the company “over-hired during covid because i incorrectly built 2 separate company structures (square & cash app) rather than 1, which we corrected mid 2024. but this misses all the complexity we took on through lending, banking, and BNPL.”

BIPARTISAN BILL LOOKS TO PREPARE WORKFORCE FOR AI FUTURE: ‘CAN’T BE LEFT BEHIND’

Block shares surged following the announcement that nearly half of the company’s workforce will be laid off amid the company’s AI realignment, rising 17% during Friday morning trading.

The company’s stock is up 22% in the last week, though it’s down over 2% year to date.

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Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquire the media company he runs. What he might not have anticipated was that Netflix wouldn’t even bother re-entering the ring.

Thursday after the market close, WBD announced that Paramount Skydance’s last and best offer of $31 a share for its film studio, streaming platform and cable networks was superior to Netflix’s previously accepted bid of $27.75 a share for the studio and streaming assets.

WBD’s declaration started a countdown clock: Netflix was granted four business days to match or beat Paramount’s new bid, but just an hour and 10 minutes later, Netflix left the arena.

NETFLIX BACKS OUT OF WARNER BROS BIDDING WAR AFTER PARAMOUNT MADE ‘SUPERIOR’ OFFER

In a joint statement, the streamer’s co-CEOs, Ted Sarandos and Greg Peters, said, “The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.” 

Considering Sarandos’ tone in the final days of the process, the market should have been ready for the quick exit. In an interview Feb. 20 on FOX Business’ “Claman Countdown,” Sarandos, when pressed as to whether he’d match a potentially higher bid by Paramount Skydance, seemingly took a page out of former Berkshire Hathaway CEO Warren Buffett’s “never overpay for an asset no matter how much you want it” playbook.

“We’ve been very disciplined buyers in our careers. Our shareholders know us and they expect us to continue to do what we do, which is remain a disciplined buyer,” Sarandos told FBN.

Netflix shareholders have never fully embraced the merger since the official bidding process began Nov. 20. Since then, Netflix shares have shriveled more than 19%.

Much of the concern focused on whether the $82.7 billion dollar cost might shake Netflix’s solid balance sheet, and whether the deal would pass regulatory muster.

NETFLIX CO-CEO ACCUSES JAMES CAMERON OF SPREADING ‘MISINFORMATION’ ABOUT WARNER BROS. ACQUISITION

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Thursday evening when WBD confirmed the superiority of Paramount’s bid, Netflix shares saw a relief rally, soaring nearly 10% in after-hours trade.

In its statement, Netflix’s co-CEOs intimated they agreed with shareholders.

“This transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price,” Sarandos and Peters said.

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Even as higher-end department stores struggle, off-price retail is thriving, showing that Americans are still spending, just more selectively.

TJX Companies – which owns TJ Maxx, Marshalls and HomeGoods – blew past Wall Street expectations in its fourth quarter earnings report Wednesday morning.

Sales surged 9% year-over-year to $17.7 billion in the fourth quarter, with comparable store sales up 5%. TJX also boosted its quarterly dividend 13% to 48 cents per share, and brought in a net income of $1.8 billion that quarter.

More notably, the report revealed that the retail company plans to repurchase between $2.5 billion and $2.75 billion in stock this fiscal year, as TJX noted “continued strong cash flow.” It’s a major signal management believes the “trade-down” trend isn’t temporary.

MIDDLE-INCOME AMERICANS STRUGGLING TO KEEP UP AS LIVING COSTS WEIGH ON PAYCHECKS, SURVEY SAYS

“Thanks to the collective efforts and sharp execution of our teams, we delivered above-plan results on both the top- and bottom-line. Annual sales surpassed $60 billion, marking a major milestone for our Company,” TJX President and CEO Ernie Herrman said in a press release.

“We had an excellent fourth quarter, with sales, profitability and earnings per share all well above our plan,” he continued. “Throughout the year, we stayed focused on our off-price fundamentals to bring customers great values, brands and fashions as well as an exciting treasure-hunt shopping experience every day.”

The off-price store success comes around the same time as traditional department stores struggle to boost sales. Not only did the parent of Saks Fifth Avenue and Neiman Marcus file for bankruptcy in January, but Macy’s and Nordstrom have both reported sluggish sales and pressure on discretionary spending as higher-income shoppers pull back and promotional activity intensifies.

A report published earlier this week by Coherent Market Insights found that the global off-price retail market had an estimated value of $372.5 billion in 2025 and is expected to reach $668.3 billion by 2032. On average, off-price stores offer name-brand items at 30% to 60% lower price points.

Shoppers may lean toward off-price stores, especially as inflation remains elevated. On Friday, the Commerce Department reported that the personal consumption expenditures (PCE) index rose 0.4% in December on a monthly basis and was up 2.9% from a year ago. Those figures were both slightly hotter than the estimate of LSEG economists, who predicted 0.3% and 2.8%, respectively.

Federal Reserve policymakers are focusing on the PCE headline figure as they try to bring inflation back to their long-run target of 2%, though they view core data as a better indicator of inflation.

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Looking ahead to fiscal 2027, TJX expects comparable sales to increase 2% to 3% and diluted earnings per share in the range of $4.93 to $5.02.

“As we begin 2026, the first quarter is off to a strong start and availability of quality merchandise continues to be outstanding,” Herrman said. “Long term, we are excited about the opportunities we see to keep growing our business and capture additional market share around the world for many years to come.”

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Spirit Airlines announced Tuesday that it reached a deal with lenders that will allow it to exit bankruptcy by the late spring or early summer.

The low-cost carrier filed for its second bankruptcy in August 2025 amid mounting losses and dwindling cash reserves. Spirit first filed for Chapter 11 bankruptcy protection in November 2024 after unsuccessful merger talks with JetBlue and Frontier.

The airline will still face challenges under the deal, though it has a clearer path to survival after months of uncertainty, failed acquisitions and infighting amongst its creditors. Spirit has pushed to cut costs and build liquidity to avoid a liquidation scenario.

Spirit told the bankruptcy court that it expects to emerge from the process as a leaner airline that’s focused on routes and time periods with the strongest demand, after cutting some of its high-cost aircraft leases and improving the utilization of its remaining fleet.

SPIRIT AIRLINES FILES FOR SECOND BANKRUPTCY IN UNDER A YEAR AS LOW-COST CARRIER CONTINUES TO STRUGGLE

The air carrier plans to tighten its network around higher-demand periods, boosting aircraft use on peak days while scaling back during off-peak days, while adjusting capacity to account for seasonal swings in air travel.

The company also plans to expand its premium seating options, including Spirit First and Premium Economy, and enhance its Free Spirit and co-brand loyalty programs that would allow it to preserve its low-fare positioning while driving repeat business.

Spirit projects that its total debt and lease obligations will decline under the bankruptcy deal from $7.4 billion before its Chapter 11 filing to about $2.1 billion when it exits bankruptcy. 

SPIRIT AIRLINES SLASHES FLIGHTS, WARNS OF MORE JOB CUTS AMID SECOND BANKRUPTCY

The deal could open the door to an acquisition in the future, as Spirit’s lawyer said during a hearing on Tuesday that it could allow the company to weigh “potential future industry transactions” once the airline is stabilized.

Budget air carriers have faced headwinds from tepid leisure travel demand as well as fare pressure and excess capacity caused by competition from low-fare seats offered by legacy carriers.

BUDGET FLIGHTS HANG IN BALANCE AS BANKRUPT SPIRIT AIRLINES TURNS TO PRIVATE EQUITY FOR LIFELINE: REPORT

Earlier this month, Spirit announced a deal was reached pending court approval to sell 20 of its Airbus jetliners, most of which aren’t currently in revenue service, to ease its financial woes. 

The budget carrier said the fleet reduction wasn’t expected to impact its flight schedule, and that they would be phased out of the fleet starting in April 2026.

Spirit also recalled 500 of the more than 1,300 flight attendants who were furloughed in December due to the company’s financial problems.

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The Association of Flight Attendants-CWA, the union that represents Spirit flight attendants, said in a statement posted to X that they will be recalled in order of system seniority, with those involuntarily furloughed first.

Reuters contributed to this report.

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Lamborghini will cancel its plan to release an electric vehicle in 2028 due to what the company is calling a lack of consumer demand.

Lamborghini CEO Stephan Winkelmann spoke with The Sunday Times in an interview and said the EV will no longer join its lineup after the company’s analysis found little demand for the EV, which was named the Lanzador in 2023. The company is owned by Volkswagen through its subsidiary, Audi.

Winkelmann told The Sunday Times the “acceptance curve” for EVs in Lamborghini’s target market was “close to zero” and flattening amid a lack of interest from the luxury automaker’s clientele.

He added in the interview that EV development poses a risk of becoming an “expensive hobby” for Lamborghini and that the automaker plans to make traditional internal combustion engine vehicles “for as long as possible.”

STELLANTIS TAKES MASSIVE $26B HIT AFTER MOVING AWAY FROM EVS

Winkelmann said Lamborghini customers appreciate an “emotional experience” with their cars and that “EVs, in their current form, struggle to deliver this specific emotional connection,” he told the outlet.

With Lamborghini canceling plans to move forward with the EV, the company plans to replace it in the lineup with a plug-in hybrid electric vehicle (PHEV).

When asked in the interview whether the company will ever have an EV in its lineup, Winkelmann told the outlet, “Never say never, but only when the time is right. For the foreseeable future, only PHEVs. We will continue to develop electrification because we also need to be ready.”

LAMBORGHINI SET ANOTHER SALES RECORD IN 2022 AND IS SOLD OUT INTO 2024

Lamborghini’s plan not to proceed with fielding EVs in its lineup for the foreseeable future comes as other major automakers have taken financial charges from shifting their EV roadmaps due to weaker than anticipated consumer demand.

Stellantis, the parent company of brands such as Chrysler, Dodge, Jeep and Ram, announced a $26.5 billion charge earlier this month as it cut back its EV production. 

Stellantis CEO Antonio Filosa said the “strategic reset” came after the company’s past assumptions about demand for EVs were “over optimistic.”

GM TAKES $7B HIT AFTER SHIFTING EV STRATEGY DUE TO SLOWING DEMAND

General Motors took a $7 billion financial charge after it adjusted its EV strategy to account for the weak demand.

Ford CEO Jim Farley said earlier this month that the “customer has spoken” when discussing a net loss of $11.1 billion in the fourth quarter amid large writedowns to its EV programs.

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Novo Nordisk on Tuesday announced plans to cut the list price of its popular diabetes and weight-loss drugs Ozempic and Wegovy by as much as 50% in the U.S. next year.

The Danish drugmaker indicated the price cuts will be effective on Jan. 1, 2027, and the timing will coincide with new, lower prices for Ozempic and Wegovy under Medicare plans for older Americans.

The company’s announcement indicated the list price for various doses of its Ozempic and Wegovy medicines will be lowered to $675, which represents a 50% price cut for Wegovy and 35% for Ozempic from the current level. The price cuts also apply to Wegovy and Rybelsus pills.

“Lowering the list price of Wegovy and Ozempic is the best approach to address the unprecedented opportunity to help more than 100 million people living with obesity and over 35 million people with type 2 diabetes in the United States,” said Jamey Millar, executive VP of U.S. operations for Novo Nordisk.

NOVO NORDISK EXECUTIVE REPORTS HIGH INTEREST FOR ONCE-DAILY, ORAL WEIGHT-LOSS PILL

“Our actions today answer that call and remove cost barriers so the value of Wegovy and Ozempic can be realized by more patients,” he explained. 

“The lower list price is intended to connect more people with our innovative medicines, specifically those whose out-of-pocket costs are linked to list price, such as individuals with high-deductible health plans or co-insurance benefit designs,” Millar added.

AIRLINES HAVE 580 MILLION REASONS TO LIKE GLP-1 WEIGHT-LOSS DRUGS, ANALYSIS FINDS

Novo Nordisk’s GLP-1 drugs have semaglutide as the active ingredient, which has received FDA approval as a medicine for adults with obesity in the case of Wegovy, while Ozempic is approved for type 2 diabetes. 

Additionally, Ozempic injections are FDA-approved for type 2 diabetes and chronic kidney disease, while both Wegovy and Ozempic are approved for comorbid cardiovascular disease.

The pricing changes don’t impact direct-to-patient or self-pay prices for consumers.

COSTCO MEMBERS WILL SOON HAVE ACCESS TO WEIGHT-LOSS SHOTS AT A MAJOR DISCOUNT

The market for so-called GLP-1 drugs has become increasingly competitive and a shift to consumer-driven, cash-pay channels is making price points more sensitive. Novo Nordisk is selling Wegovy on its direct-to-consumer website for $349, which is about one-third of its official list price.

Both Novo Nordisk and a leading rival, Eli Lilly, signed deals with the U.S. government to cut prices this year and sell products through TrumpRx.gov – a website that directs consumers to the companies’ direct-to-consumer websites.

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The two companies are facing competition from cheaper compounded versions of the drugs offered by telehealth platforms like Hims & Hers, which are permitted to make and sell the drugs in personalized doses or composition.

Reuters contributed to this report.

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Public Storage is relocating its headquarters from California to Texas, becoming the latest major corporation to shift its official base to the Lone Star State as it rolls out a leadership transition and long-term growth strategy.

The S&P 500 self-storage real estate investment trust said its headquarters will move to the Dallas-Fort Worth metro area, while maintaining a long-term presence in Glendale, California. The announcement comes alongside a CEO transition and a broader strategic overhaul branded “PS4.0.”

Founded in California in 1972, Public Storage has grown into the world’s largest owner of self-storage facilities, operating more than 3,500 properties across 40 states and holding a sizable stake in a European storage operator. The relocation marks a significant shift for a company long associated with California’s business community.

Tom Boyle will take over as CEO on April 1, succeeding Joe Russell, who is retiring after a decade in the role. At the same time, the board will install Shankh Mitra, CEO of Welltower, as non-executive chairman.

O’LEARY BLASTS CALIFORNIA WEALTH TAX AS ‘BAD MANAGEMENT,’ CALLS ON RESIDENTS TO ‘HIRE’ NEW LEADERS

The leadership changes are part of what the company calls its “fourth era,” a transition designed to accelerate earnings growth, expand margins and deliver stronger long-term shareholder returns.

For Texas, the move underscores the state’s continued success in attracting high-profile headquarters relocations. The Dallas area offers no state income tax, comparatively lower operating costs and a deep talent pool. While Public Storage did not explicitly cite tax or regulatory reasons for the relocation, it highlighted the region’s depth of talent and innovation as strategic advantages.

For California, the shift adds to a broader trend of corporate headquarters moves, even as many companies retain significant operations in the state. A headquarters relocation often signals where executive leadership, finance functions and future expansion plans will increasingly be concentrated.

Under the company’s PS4.0 initiative, Public Storage is leaning into digital tools, data science and artificial intelligence to reshape how it prices units, markets to customers and manages its portfolio. Executives say consumers increasingly expect fast, seamless digital experiences – even in traditionally brick-and-mortar sectors like self-storage.

For renters, that could mean more online bookings, dynamic pricing that shifts with demand and more personalized digital engagement. For investors, the company is signaling a more aggressive push into acquisitions and development in the still-fragmented self-storage industry. Over the past five years, Public Storage has deployed more than $12 billion into deals and new projects, and leadership has indicated it intends to accelerate that pace.

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The company also said it is revamping executive compensation to more closely tie pay to shareholder returns, reinforcing its emphasis on stock performance and capital discipline.

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The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department of Justice announced Monday.

In addition to compensating affected service members, the company will pay a $79,380 civil penalty to the U.S., according to the DOJ.

Federal officials accused CarMax of violating the Servicemembers Civil Relief Act (SCRA) by seizing vehicles owned by members of the armed forces without first obtaining court approval.

Federal law prohibits businesses from repossessing service members’ vehicles without a court order,” Assistant Attorney General Harmeet K. Dhillon said. “The Department of Justice is proud to defend the rights of those who serve in our military and will continue to vigorously enforce the laws that protect them.”

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The violations allegedly occurred between March 1, 2018, and at least Oct. 24, 2023, affecting at least 28 service members. Each is entitled to a minimum payment of $15,000, plus lost equity in the vehicle and interest on that amount.

SUPREME COURT DEALS BLOW TO TRUMP’S TRADE AGENDA IN LANDMARK TARIFF CASE

As part of the settlement, CarMax – which did not admit or deny the allegations – agreed to revise its policies and procedures to better protect the rights of U.S. service members. FOX Business has reached out to CarMax for comment.

The SCRA is a federal statute designed to safeguard the legal and financial interests of U.S. service members and their families while they are on active duty.

US TARIFF REVENUE UP 300% UNDER TRUMP AS SUPREME COURT BATTLE LOOMS

It bars auto lenders and leasing companies from repossessing a service member’s vehicle without a court order if the borrower made at least one payment before entering military service.

For reservists, those protections begin when they receive official orders to report for active duty.

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Service members or their dependents who believe their rights were violated are encouraged to contact their nearest Armed Forces Legal Assistance Program office.

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Volvo Cars is recalling over 40,000 of its flagship electric EX30 SUVs because of a risk of battery packs overheating and catching fire.

The recall involves replacing modules in the high-voltage battery packs in the SUV, which is a crucial model in Volvo’s push to compete with cheaper Chinese brands. The news was first reported by Reuters.

The recall covers a total of 40,323 model year 2024-2026 EX30 Single-Motor Extended Range and Twin-Motor Performance cars that have the high-voltage cells. Volvo is a Sweden-based automaker that is majority-owned by China’s Geely.

VOLVO RECALLS MORE THAN 450,000 VEHICLES OVER BACKUP CAMERA ISSUE

Volvo said it plans to replace affected units free of charge and is urging owners to continue limiting their charging to 70% until repairs can occur to eliminate the fire risk.

“Our investigations have identified that in very rare cases, the affected vehicles can overheat when charged to a high level. In a worst-case scenario this could lead to a fire starting in the battery,” Volvo told FOX Business in a statement.

The automaker said, in total, 40,323 cars are affected globally; of those, it has “identified 189 in the U.S. that will be inspected and fixed if necessary.”

VOLVO REVERSES GOAL TO MAKE ONLY EVS IN 2030

The automaker first told EX30 owners in over a dozen countries – including the U.S., Australia and Brazil – in December to park their vehicles away from buildings and cap charging at 70%, according to regulatory filings and the company.

Volvo may face a high cost for replacing the battery packs, as a Reuters analysis based on what a Chinese battery maker might charge resulted in an estimate of $195 million, excluding logistics and repair costs. Volvo said the calculations were “speculative in nature” and that it’s in discussions with the supplier.

The automaker is pursuing deeper integration with its parent company, Geely, while the batteries were made by a Geely-backed joint venture known as Shandong Geely Sunwoda Power Battery Co. Volvo indicated the supplier has fixed the problem and will supply the new battery cells.

NISSAN RECALLS OVER 640,000 VEHICLES FOR ENGINE AND GEAR ISSUES

Andy Palmer, an auto industry veteran who oversaw the launch of Nissan Motor’s Leaf EV in 2010, said that Volvo has less room for missteps than its rivals because its safety reputation is a central part of its identity as a company.

“Volvo can’t afford a safety issue because that strikes at the heart of their brand,” Palmer said.

Volvo said it is contacting the owners of affected cars to advise them about the next steps in the recall.

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Reuters contributed to this report.

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Johnson & Johnson on Wednesday announced plans to invest more than $1 billion in a next-generation manufacturing facility that will produce advanced cell therapy technologies.

The facility will be located in Montgomery County, Pennsylvania, and Johnson & Johnson said the move will expand its U.S. manufacturing capacity along with its pipeline of transformational medicines for cancer, immune-mediated and neurological diseases.

Johnson & Johnson added that the facility will have cutting-edge manufacturing processes and support over 500 skilled biomanufacturing jobs once it’s fully operational, as well as over 4,000 construction jobs.

“For 140 years, Johnson & Johnson has been a leading innovator in American healthcare, and we are honored to continue advancing that legacy in Pennsylvania,” said Johnson & Johnson CEO Joaquin Duato. 

JOHNSON & JOHNSON INVESTING $2B IN US MANUFACTURING, CREATING NEW JOBS

“By uniting scientific excellence with state-of-the-art manufacturing and strategic investment, and by working collaboratively with our communities, we are delivering for patients and creating significant opportunities for workers and families,” Duato added.

The $1 billion investment in the new cell therapy manufacturing facility comes as part of the company’s previously announced plan to invest $55 billion in manufacturing, research and development, and technology in the U.S. through early 2029.

OBAMACARE ENROLLMENT FELL BY MORE THAN 1M ENROLLEES FOR 2026

Johnson & Johnson noted that the facility will deepen its presence in Pennsylvania, which it said has an economic impact of about $10 billion annually.

The company has 10 facilities covering over 2 million square feet in the Keystone State. Johnson & Johnson has manufacturing, research, distribution and office operations in Pennsylvania.

PRESIDENT LAUNCHES TRUMPRX.GOV WEBSITE OFFERING AMERICANS DISCOUNTED PRESCRIPTION DRUG PRICES: ‘HISTORIC’

Pennsylvania Gov. Josh Shapiro, a Democrat, said the announcement shows the state is a “powerhouse for innovation and manufacturing in the life sciences” and added that the Johnson & Johnson announcement shows that companies “know we’ve got the strategy, the workforce, and the speed they need to succeed.”

“Pennsylvania leads in life sciences and advanced manufacturing because we consistently deliver what companies like Johnson & Johnson need to succeed: a skilled workforce, premier research institutions, and proven manufacturing strength,” said Sen. Dave McCormick, R-Pa. “This $1 billion-plus investment in a new Lower Gwynedd facility is a testament to that leadership and will produce life-changing treatments for patients, along with new and good jobs for our Commonwealth.”

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“Pennsylvania is a leader in healthcare innovation with some of the very best health care workers. Proud to see this more than $1 billion investment into Montgomery County and our commonwealth,” said Sen. John Fetterman, D-Pa. “Bringing new jobs, advanced manufacturing and life-saving medicine to and for our communities is always something to celebrate.”

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Walmart posted solid fourth-quarter results Thursday as shoppers continued prioritizing value and convenience, helping push online sales to a record share of the retailer’s business.

The company reported fiscal fourth-quarter revenue of $190.7 billion, up 5.6% from a year earlier. U.S. comparable sales rose 4.6%, driven by a 2.6% increase in transactions and a 2% increase in the average amount shoppers spent per visit.

Grocery prices were up just 0.6% from a year earlier, with some categories — including eggs and dairy — seeing price declines.

AMAZON PHARMACY TO EXPAND SAME-DAY PRESCRIPTION DELIVERY TO 4,500 US CITIES

Global e-commerce sales climbed 24% in the quarter, including a 27% increase in the U.S., where online now accounts for 23% of total sales — the highest level in company history. 

Growth was fueled in part by roughly 50% growth in store-fulfilled delivery, as Walmart expanded faster-delivery options that now reach the vast majority of U.S. households within hours.

The retailer said it continued to gain market share across income tiers, including higher-income households — a sign that its pricing and convenience strategy is resonating beyond budget-conscious shoppers.

CHINESE-MADE TEETHING TOYS SOLD ON AMAZON RECALLED OVER FATAL CHOKING RISK

Profits grew faster than overall sales in the quarter. Adjusted operating income rose about 10%, compared with roughly 5% sales growth. The gains were driven by higher-margin businesses, including advertising and membership programs. Advertising revenue climbed 37% globally, including 41% growth for Walmart Connect in the U.S., while membership fee income increased more than 15%. Together, advertising and membership fees accounted for nearly one-third of operating income in the quarter.

Inventory growth remained below the pace of sales growth, reflecting continued supply chain discipline.

Looking ahead, Walmart expects sales to rise 3.5% to 4.5% in the full current fiscal year, with operating profit projected to increase 6% to 8%.

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The results suggest U.S. consumers remain resilient, even as they stay value-focused, while Walmart’s investments in digital services, faster delivery and higher-margin revenue streams continue to strengthen its competitive position.

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Discount retailer Dollar Tree is opening new stores in increasingly affluent areas as it seeks to attract higher-income customers who spend more at the store per trip, a new report finds.

An analysis by Bloomberg News found that 49% of new Dollar Tree stores opened in the last six years were located in wealthier parts of metro areas around the country, up from just 41% in the preceding six years.

The share of new stores in ZIP codes with significantly higher incomes compared to the broader metro area rose to 19% in the last six years, up from 16% in the prior six years. At the other end of the spectrum, the share opened in ZIP codes with significantly lower incomes declined to 14% from 20% in the comparable periods, Bloomberg found.

Dollar stores have historically seen an uptick in business during economic downturns as more consumers look to economize, but with higher-income households driving much of consumer spending, the shift comes as a way of attracting those shoppers more frequently.

WHY SHOPPERS MAKING SIX FIGURES ARE GIVING DOLLAR TREE A BOOST

Dollar Tree says that in the last quarter, 60% of new Dollar Tree customers made at least six figures. About 30% were middle-income households earning between $60,000 and $100,000, while the rest were lower-income households earning under $60,000.

While these higher-income customers visit Dollar Tree less than their lower-income peers, the company said that they spend an extra $1 on average per visit and if they were to make one additional visit per year, it would boost annual sales by $1 billion.

INFLATION EASED SLIGHTLY IN JANUARY BUT REMAINED WELL ABOVE THE FED’S TARGET

Dollar Tree CEO Michael Creedon said late last year that the retailer serves “an increasingly broad spectrum of shoppers, from core value-focused households to middle- and higher-income shoppers who are making deliberate choices about how and where they spend.”

He added that the data “demonstrates that Dollar Tree isn’t just for tough times or for those with limited resources.”

DOLLAR GENERAL SEES INCREASE IN HIGHER-INCOME SHOPPERS LOOKING TO STRETCH THEIR DOLLARS

“While the average per household spend for our higher income customers is currently lower, even given their higher income, larger average basket size and ability to spend more, this is a simple function of trip frequency,” Creedon said.

He added that “because many of our higher income customers are still early in their relationship with Dollar Tree, their purchase frequency has significant room to grow.” 

Consumers’ shopping preferences have also contributed to the pivot, as more households trade down to offset higher expenses due to inflation.

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The elevated cost of essentials like groceries and household items has forced even more of them to trade down to stores known for their heavy discounting or everyday low-price models, such as Dollar Tree, Dollar General, Walmart and Aldi.

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A nationwide recall has been issued for a baby fruit purée after federal testing found elevated levels of patulin, a toxin that can pose health risks with prolonged exposure.

Initiative Foods announced Friday that it is recalling one lot of its “Tippy Toes” Apple Pear Banana Fruit purée following the test results.

Patulin is a naturally occurring toxin produced by molds that can develop in fruits, particularly apples. Prolonged ingestion of the substance may lead to adverse health effects, including potential immune suppression, nerve damage, headaches, fever and nausea.

According to the U.S. Food and Drug Administration, no illnesses or injuries have been reported.

RECALL EXPANDS TO NEARLY 1M FRIGIDAIRE MINIFRIDGES SOLD AT TARGET OVER FIRE HAZARDS

The product was distributed nationwide in grocery stores in all states except Alaska and may also have been sold in Guam and Puerto Rico, the FDA said.

Consumers are urged to check the “Best By” date stamped on the bottom of each plastic tub for “BB 07/17/2026.” The affected packaging is also marked with code “INIA0120.”

TRIO OF DAIRY GIANTS RECALL INFANT FORMULA OVER CONTAMINATION FEARS

The company advises anyone who purchased the product with that date to stop using it immediately and dispose of it or return it to the place of purchase for a refund.

Consumers with health concerns after consumption should contact a healthcare provider.

13K POUNDS OF READY-TO-EAT GRILLED CHICKEN BREASTS RECALLED OVER POSSIBLE LISTERIA CONTAMINATION

Retailers have been instructed to check inventory and remove the affected lot from sale or distribution.

“At Initiative Foods, the safety of our consumers and their families is our highest priority,” CEO and President Don Ephgrave said. “We are cooperating with the FDA to ensure strict review and enhanced safety measures across all our products. We thank our retail partners and customers for their understanding and prompt action on this matter.”

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For additional recall information, consumers and retailers can call 1(855) 215-5730.

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Spirit Airlines reached a deal to sell 20 of its Airbus jetliners and is recalling some of the flight attendants furloughed late last year amid the budget carrier’s financial struggles.

Spirit is in the midst of its second bankruptcy in under two years after it filed for Chapter 11 bankruptcy protection in November 2024 and completed its first restructuring in March 2025. It filed for bankruptcy a second time in August 2025, which prompted the airline to move forward with service cuts and furloughs.

The company said selling the aircraft will improve its financial situation, and the fleet reduction isn’t expected to affect its flight schedule if the court approves the jetliner sales because most of the 20 planes aren’t in service.

“As part of our ongoing restructuring, we have reached an agreement to sell 20 aircraft that have been held for sale for some time. Most of these aircraft are not currently in revenue service,” Spirit said in a statement. 

BUDGET FLIGHTS HANG IN BALANCE AS BANKRUPT SPIRIT AIRLINES TURNS TO PRIVATE EQUITY FOR LIFELINE: REPORT

“If approved by the court, this transaction will give us greater financial flexibility. The aircraft involved will be phased out of our fleet starting in April 2026. We do not anticipate any changes to our near-term schedule or staffing as a result of this transaction,” Spirit added.

The company formally asked a federal bankruptcy court for approval to proceed with the sale on Wednesday. Income from the transaction would go to paying off debt related to the aircraft while contributing to lower operational costs.

Reuters reported that the first bidder is CSDS Asset Management, an aviation asset manager that agreed to buy the 20 planes for about $533.5 million. If approved, Spirit would seek competing offers starting at around $554 million, according to an agreement with CSDS, and the auction and sale would be held in April.

SPIRIT AIRLINES FILES FOR SECOND BANKRUPTCY IN UNDER A YEAR AS LOW-COST CARRIER CONTINUES TO STRUGGLE

Spirit Airlines on Thursday moved to recall 500 of the more than 1,300 flight attendants who were furloughed in December due to its ongoing financial struggles.

“As we continue to make adjustments to meet the evolving needs of our business, we are issuing recall notices to 500 Flight Attendants who were involuntarily furloughed on Dec. 1, 2025. Recalled Flight Attendants will be sent a notice on Feb. 12, 2026, and those who accept will return to duty in the timeframe detailed in the Collective Bargaining Agreement.”

UNITED AIRLINES CEO GIVES 5-WORD PREDICTION THAT LOW-COST RIVAL WILL GO OUT OF BUSINESS

The Association of Flight Attendants-CWA, the union that represents Spirit flight attendants, said in a statement posted to X that they will be recalled in order of system seniority, with those involuntarily furloughed first.

“This is good news for 500 Flight Attendants and their families and critical to those of us on the line that have faced a grueling operation over the last two months. The company’s goal in recalling Flight Attendants is to ease some of the operational issues since the furloughs,” the union said.

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The union added it will continue to press management on scheduling issues, access to healthcare and other benefits, as well as a dependability policy and other matters.

Reuters contributed to this report.

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Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and his Meta platforms.

Ackman has allegedly committed an estimated $2 billion to Meta, representing a sizable 10% of Pershing Square’s total portfolio, The Wall Street Journal reported. The move is a public backing of Zuckerberg’s pivot from the “Metaverse” to superintelligence, with Meta as the beneficiary of AI integration.

Pershing Square started buying Meta last November at an average price of $625 per share. Today, Meta stock trades near $670, netting Ackman an early gain.

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While Ackman’s investment shows a bullish stance, Meta’s balance sheet has some market experts nervous. Meta’s “Reality Labs” has lost $83 billion since 2020, and the company cut 1,500, or 10%, of Reality Labs’ workforce last month.

Meta is shifting focus away from its virtual reality endeavors to AI-powered smart glasses, which Zuckerberg believes will be the “main way we integrate superintelligence into daily life.”

Neither Pershing Square nor Meta immediately returned Fox News Digital’s request for comment.

The Facebook and Instagram parent company is also entering a period of unprecedented capital expenditure to build data centers and talent pools needed for artificial intelligence. Meta’s fourth quarter and full-year 2025 report, released last month, shows the company expects to spend $115 billion to $135 billion in 2026, primarily on front-loading artificial intelligence infrastructure.

Meta stock has declined over the past several months and remains lower year over year, according to market data, amid investor concerns that its artificial intelligence spending may be too aggressive. But in Pershing Square’s investor presentation, Ackman called the stock “deeply discounted.”

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Ackman isn’t just betting on Meta, but rather positioning himself as a major stakeholder in America’s future tech economy. Pershing Square has an additional $2 billion stake in Uber and a $1.3 billion stake in Amazon.

Pershing Square also announced Wednesday that it was entirely exiting its position in Hilton, signaling another move away from traditional hospitality toward high-growth technology.

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Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker’s electric vehicle (EV) division, as well as the impact of tariffs and a fire that impacted an aluminum supplier.

The Detroit automaker reported a fourth quarter net loss of $11.1 billion after previously disclosing large writedowns to its EV programs, which the company is realigning in response to lower-than-expected consumer demand and changing federal subsidies.

“I think the customer has spoken,” Ford CEO Jim Farley said on the company’s earnings call. “That’s the punchline.”

The company lost $4.8 billion on EVs last year and projects 2026 will bring losses in the range of $4 billion to $4.5 billion, adding that the division will continue losing money for at least the next two years. Ford CFO Sherry House said during the earnings call that the automaker is targeting break-even for its EV unit in 2029.

Ford also announced a larger than previously reported financial hit from tariff costs, as the company lost an additional $900 million after the Trump administration said in December that a tariff-relief program would only be retroactive to November, rather than back to May as originally anticipated.

FORD CUTS ELECTRIC F-150 LIGHTNING PRODUCTION, TAKES $19.5B CHARGE IN STRATEGIC SHIFT

The automaker’s tariff bill last year was about $2 billion and Ford indicated it expects tariff costs will be roughly the same level this year.

Ford was more reliant on imported aluminum due to a pair of fires that impacted an aluminum plant near Oswego, New York, which isn’t expected to be fully operational again until sometime between May and September.

Despite those headwinds, Ford’s fourth quarter revenue of $45.9 billion beat analysts’ expectations. The company narrowly missed its revised guidance of $7 billion, as it posted earnings before interest and taxes of $6.8 billion for the year.

REGULATORS EXPAND PROBE INTO NEARLY 1.3M FORD F-150 PICKUP TRUCKS OVER TRANSMISSION ISSUES

Late last year, Farley announced the company is cutting production of the electric F-150 Lightning and refocusing its investment on hybrid vehicles and affordable EVs, resulting in a $19.5 billion charge on its EV assets and product roadmap.

He said the move would allow the company to refocus investments in higher margin areas like American-built trucks, vans and hybrids across its lineup, as well as more affordable EVs.

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The company is planning a $30,000 EV platform and has signaled it will start rolling out an electric pickup on that platform next year. Ford also plans to pursue targeted partnerships in certain markets and investments in hybrid technologies.

“I do believe this is the right allocation of capital. It’s a combination of partnerships where it makes sense, efficient partial electrification investments where we have revenue power, and really hitting the EV market in the core,” Farley told analysts on a call Tuesday.

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Reuters contributed to this report.

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Kraft Heinz is pumping the brakes on plans to break up the company, with its new CEO saying the food giant’s challenges are “fixable and within our control” as it shifts focus toward reigniting profitable growth through a $600 million investment push.

In a note in the company’s routine fourth quarter report, CEO Steve Cahillane said that instead of splitting up, the company will double down on rebuilding growth — backing that up with a massive investment in the brand’s marketing, sales and research and development.

“When I decided to join Kraft Heinz, I knew that this was an exciting opportunity to contemporize iconic brands, better serve consumers and customers, and build meaningful shareholder value,” Cahillane said in the press release.

“Since joining the company, I have seen that the opportunity is larger than expected and that many of our challenges are fixable and within our control,” he continued. “My number one priority is returning the business to profitable growth, which will require ensuring all resources are fully focused on the execution of our operating plan.”

MCDONALD’S PLANS MASSIVE OVERHAUL WITH MAJOR CHANGES TO RESTAURANTS AND MENUS

“As a result, we believe it is prudent to pause work related to the separation and we will no longer incur related dis-synergies this year.”

Kraft Heinz announced in September that its board of directors approved a plan to split it into two independent, publicly traded companies through a tax-free spinoff. The aim was to create two more focused organizations with less complexity that would be able to maximize their brands and boost profitability.

Cahillane was slated to lead the business it is calling Global Taste Elevation, overseeing brands like Heinz, Philadelphia and Kraft Mac & Cheese. The other company, called North American Grocery, would oversee its portfolio of grocery staples like Oscar Mayer, Kraft Singles and Lunchables.

As of December, the official names of the new companies were not yet determined, and the company also had not announced who would lead its North American grocery business.

In the fourth-quarter report, Kraft Heinz also announced its commitment of $600 million to marketing, sales, research and development, product improvements and select pricing initiatives across 2026. Cahillane said Kraft’s strong balance sheet and $3.7 billion in free cash flow gives it the financial flexibility to fund this push while still generating excess cash.

“We are confident in the opportunity ahead and believe this investment will accelerate our return to profitable growth,” he said.

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While leadership is optimistic, Kraft’s 2025 numbers showed clear strain — full-year net sales were down 3.5% to $24.9 billion, organic sales were down 3.4%, volume was down 4.1%, and adjusted operating income was down 11.5%.

Kraft’s biggest pressure points were in coffee, cold cuts, frozen meals, bacon and select condiments, as inflation in commodity and manufacturing costs outpaced efficiency efforts. The company reported an operating loss of $4.7 billion last year, largely driven by “non-cash impairment charges.”

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FOX Business’ Daniella Genovese contributed to this report.

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Two men from Pennsylvania admitted to repeatedly traveling from Philadelphia to Minneapolis in an effort to defraud Minnesota’s Housing Stabilization Services (HSS) program, prosecutors announced. The men allegedly defrauded approximately $3.5 million from the program and used artificial intelligence to create false records.

The two men, identified as Anthony Waddell Jefferson, 37, and Lester Brown, 53, allegedly set up businesses in Minnesota and enrolled as HSS providers. The men were allegedly supposed to provide housing consulting, transitioning and sustaining services to qualifying individuals.

The state’s HSS program, which was officially launched in July 2020, aims to help people with disabilities, including seniors and those with mental illnesses or substance abuse issues, find and maintain housing. The Justice Department previously said the program “had low barriers to entry and minimal records requirements for reimbursement.”

Attorney General Pam Bondi reacted, “Criminal fraud not only robs taxpayers — it shatters trust in our institutions. Under President Trump’s leadership, today’s convictions are just the beginning. Our prosecutors will work tirelessly to unravel criminal fraud schemes and charge their perpetrators in Minnesota and across the country.”

TREASURY SECRETARY BESSENT VOWS TO LEAVE ‘NO STONE UNTURNED’ IN MINNESOTA FRAUD PROBE

Jefferson and Brown are accused of stealing approximately $3.5 million from HSS for services they falsely claimed to have provided to around 230 Medicaid beneficiaries. The men each pleaded guilty to one count of wire fraud and face up to 20 years in prison, the DOJ said.

“Minnesota will no longer be a haven for fraud under our watch,” Deputy Attorney General Todd Blanche said. “The Justice Department has been investigating billions in taxpayer fraud across the country and has already successfully convicted 66 individuals and counting in Minnesota. The collaboration between the Criminal Division and the U.S. Attorney’s Office is a prime example of how we restore justice and public trust, while holding criminal fraudsters accountable.”

AFTER SOMALI FRAUD SCANDAL, VA DEMOCRAT PUSHES BILL KILLING OVERSIGHT OF NONPROFITS

Jefferson and Brown allegedly visited shelters and Section 8 housing facilities, marketing themselves as “The Housing Guys,” in order to recruit Medicaid beneficiaries to sign up for HSS services that ultimately were not provided, according to the DOJ.

The DOJ also accused Jefferson of hiring family members and associates to work as employees, who, at his direction, created fake client notes that allegedly showed services provided. Some of the documentation allegedly showed that Jefferson had “invented fake employees” and used their names to sign client notes, the DOJ said. 

The department claimed that Brown did not keep notes “despite being required by Program rules to do so.” The DOJ said Jefferson and Brown “fabricated emails” about purported clients and used ChatGPT to create fake client notes.

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“These defendants had no connection to Minnesota or its communities. They traveled across the country for one purpose: to prey upon and steal millions in taxpayer dollars meant for people struggling with homelessness, addiction and disabilities,” said Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division. “Although programs like HSS are run by the states, they are funded with federal tax dollars. The Criminal Division will not stand by while fraudsters put all Americans’ tax dollars at risk.”

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Actress Sydney Sweeney rang the opening bell at the New York Stock Exchange (NYSE) on Monday alongside American Eagle Outfitters Chairman and CEO Jay Schottenstein.

Sweeney was also joined by other executives from the retailer as she signed a book on the trading floor.

The actress partnered with American Eagle in 2025 for an advertising campaign that drew significant attention online.

SYDNEY SWEENEY TURNS CONTROVERSY INTO CASH AS AMERICAN EAGLE SALES JUMP

Sweeney wore jeans and a light blue denim jacket at the NYSE, an apparent nod to the “Sydney Sweeney Has Great Jeans” slogan that was released last summer.

The widely discussed campaign drew criticism, with some detractors arguing that its wordplay blurred the line between fashion marketing and references to genetic traits.

“Genes are passed down from parents to offspring, often determining traits like hair color, personality, and even eye color,” the “Euphoria” star said in the video. “My jeans are blue.”

President Donald Trump defended Sweeney in a Truth Social post, saying in part, “Sydney Sweeney, a registered Republican, has the ‘HOTTEST’ ad out there. It’s for American Eagle, and the jeans are ‘flying off the shelves.’ Go get ‘em Sydney!”

THE WAR ON HOT WOMEN: WHY THE WOKE MOB HATES SYDNEY SWEENEY

American Eagle also responded to the backlash, writing on social media that the ad “is and always was about the jeans.”

“Her jeans. Her story. We’ll continue to celebrate how everyone wears their AE jeans with confidence, their way,” the company said.

“Great jeans look good on everyone.”

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The Dow Jones Industrial Average closed above 50,000 points for the first time on Friday as stocks rallied in response to a rout in tech shares earlier in the week.

The closely watched index rose above 50,000 for the first time after 2 p.m. during Friday’s trading session, advancing 1,206.95 points, or 2.47%, to close at 50,115.67.

The S&P 500 and Nasdaq Composite also closed in the green, up 1.97% and 2.18%, respectively.

President Donald Trump celebrated the news in a Truth Social post on Friday afternoon.

STELLANTIS TAKES MASSIVE $26B HIT AFTER MOVING AWAY FROM EVS

“The Dow Jones Industrial Average just hit 50,000 for the first time in History. CONGRATULATIONS AMERICA!” Trump wrote.

The president said in a separate post, “The ‘Experts’ said that if I hit 50,000 on the Dow by the end of my Term, I would have done a great job, but I hit 50,000 today, three years ahead of schedule — Remember that for the Midterms, because the Democrats will CRASH the Economy!”

Chip stocks surged on expectations they would benefit from increased spending on artificial intelligence (AI) data centers by Amazon and Google parent company Alphabet.

Shares in Nvidia, Advanced Micro Devices and Broadcom all rose by more than 7%. Amazon’s stock fell nearly 7% after announcing it planned to ramp up capital expenditures by more than 50% this year amid the AI race after a similar announcement by Alphabet Wednesday.

Friday’s rallies in the S&P 500 and the Nasdaq followed three consecutive days of losses amid worries about AI.

“Market sentiment improved after today’s positive report out of the University of Michigan,” said Jeffrey Roach, LPL Financial chief economist. “Median 1-year inflation expectations hit the lowest since January 2025, providing some comfort for investors eager to see improving inflation metrics.”

Several software companies saw stock declines amid investors’ concerns that competition in the AI space could hurt their margins as well as questions about whether valuations have become excessive amid the AI boom.

SEC CHAIRMAN WARNS OF CHINA-LINKED RAMP-AND-DUMP ACTIVITY

“This trade has been volatile, and there have been selloffs at times, but I think there’s enough evidence that there’s real demand for AI products, real promise with what they can do and a necessity of a lot of spending to get there,” said Ross Mayfield, investment strategy analyst at Baird.

“So, when there’s this kind of a sell-off, I think there’s a floor where there’s going to be a certain set of investors that steps in and starts buying these names.”

DEI DISCLOSURE PARTICIPATION PLUMMETS AMONG MAJOR COMPANIES AS CORPORATE PULLBACK CONTINUES

Nine of the 11 S&P 500 sector indexes rose, led by the information technology index’s gain of more than 3.7% and a nearly 2.7% gain by the index for industrials.

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Reuters contributed to this report.

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Stellantis on Friday announced it will take a $26.5 billion charge as the automaker cuts back on electric vehicle (EV) production, joining other manufacturers in taking a financial hit after misjudging consumer demand for EVs.

Stellantis – the parent company of brands including Chrysler, Jeep, Dodge and Ram – became the latest automaker to take a charge. The $26.5 billion charge is larger than those taken by Ford and General Motors in the wake of the end of federal EV subsidies.

The automaker had set ambitious EV goals under its former CEO, Carlos Tavares, who aimed for EVs to make up 100% of European sales and 50% of U.S. sales by 2030. Tavares was forced out in 2024 after U.S. sales plunged, where Stellantis is exposed because of its reliance on sales of high-margin Jeep and Ram pickups.

GM TAKES $7B HIT AFTER SHIFTING EV STRATEGY DUE TO SLOWING DEMAND

Across the auto industry, fully electric vehicles represented 19.5% of European sales last year and just 7.7% of new U.S. car sales.

CEO Antonio Filosa, who took the helm at Stellantis last summer, said on a call with reporters that the company’s past assumptions about demand for EVs were “over optimistic” and outlined, “What we are announcing today is an important strategic reset of our business model… to put our customer preferences back at the center of what we do, globally and in each region.”

FORD CUTS ELECTRIC F-150 LIGHTNING PRODUCTION, TAKES $19.5B CHARGE IN STRATEGIC SHIFT

Stellantis’ charges, which were booked in the company’s results for the second half of 2025, also reflected quality issues that Filosa blamed on cost cuts that occurred under Tavares, which he said caused the automaker to hire 2,000 engineers globally.

The charges also included reductions to the company’s EV supply chain, revised assumptions for warranty provisions due to poor product quality, as well as previously announced job cuts in Europe.

NEW VEHICLE SALES TO DECLINE MODERATELY IN 2026 AS AFFORDABILITY ISSUES WEIGH, FORECAST SAYS

Ross Mould, investment director at AJ Bell, said the writedown showed that Stellantis “got it wrong on how quickly the world would transition from combustion engines to electric power.”

Mould added that the success enjoyed by Chinese EV-makers like BYD “begs the question as to whether Stellantis’ frustration over its EV sales is linked to market issues or that drivers simply don’t like its vehicles.”

Stellantis shares sank on the news, with the company’s New York-traded stock down more than 22% during Friday’s trading session.

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The multinational automaker – which includes American, French and Italian auto brands – saw its Milan-traded shares sink by over 23%.

Stellantis is forecasting a mid-single-digit increase in net revenue for 2026, along with a low-single-digit adjusted operating income margin. It projects positive industrial free cash flows in 2027. The company also won’t pay a dividend this year.

Reuters contributed to this report.

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Wall Street giant Citi on Thursday informed the company’s U.S.-based employees that the firm plans to match the federal government’s seed contribution to newborns’ Trump Accounts and will also donate to efforts to boost participation.

Citi sent an internal message, which was reviewed by FOX Business, that notified employees that the company will contribute $1,000 to the Trump Accounts of children born to Citi’s U.S. workers from 2025 to 2028, the period in which the federal government will contribute the same amount to the tax-advantaged savings accounts.

“We are pleased to share that Citi will match the U.S. government’s $1,000 seed contribution to the accounts for children of eligible U.S. colleagues born between Jan. 1, 2025, and Dec. 31, 2028. This new benefit adds to the comprehensive suite of benefits that Citi provides to colleagues and their families,” the company explained.

“These accounts are intended to promote long-term savings from a young age and provide children with investment assets that will grow over time,” Citi explained. “We’re excited to play an active role in supporting the financial well-being of families across the U.S.”

HOW MUCH COULD TRUMP ACCOUNT BALANCES GROW OVER TIME?

Citi indicated it will provide employees with additional information about participating in the matching program as more details about Trump Accounts are released by the federal government.

The company also announced that the Citi Foundation is committing $5 million to nonprofit groups that will “create awareness of the program, encourage participation and support families in completing the steps necessary to open accounts.”

“The Foundation has been a longtime supporter of community-based, matched savings programs, which have proven to be a powerful tool helping households build financial capability and attain education, home ownership and entrepreneurship goals,” Citi said. 

“This grant builds on that track record and takes these efforts to a new level of scale and impact.”

Bank of America, JPMorgan Chase and Steak ‘n Shake previously announced they would match the government’s $1,000 contribution.

HOW TO KNOW IF YOUR CHILD QUALIFIES FOR A TRUMP ACCOUNT: ‘A FINANCIAL STAKE IN THE FUTURE’

Trump Accounts were created under a provision of the One Big Beautiful Bill Act signed into law last year, and the law also indicated the accounts will be seeded with $1,000 in federal funds for children born between Jan. 1, 2025, and Dec. 31, 2028. Funds will be invested in a broad index fund of U.S. stocks.

The accounts may also be opened for children who are under the age of 18 and born prior to Jan. 1, 2025, although they won’t receive the $1,000 seed deposit from the government.

TRUMP ACCOUNTS HIT 1 MILLION SIGN-UPS AFTER NICKI MINAJ WHITE HOUSE SUMMIT APPEARANCE, BESSENT SAYS

Parents may contribute up to $5,000 per year to the accounts, while their employer can contribute up to $2,500 per year without affecting the employee’s taxable income.

Account holders may access the funds when they turn 18, when they can be used for expenses related to education or a down payment on a home, among other uses. Or the funds can continue to grow in the account.

The Trump administration has indicated that Trump Accounts will officially launch July 5, 2026. 

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Parents may enroll their child in the program by making an election when they file their taxes, and more information about the program is expected to be made available months ahead as the official launch approaches.

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A prediction market company best known for allowing users to bet on world events is stepping into New York City’s food scene — if only briefly — with the launch of what it’s calling the city’s first-ever free grocery store.

Polymarket will be open for New Yorkers in Lower Manhattan starting at 12PM from Feb. 12 through Feb. 16, according to the NYC for Free website. It’s being described as the city’s first free grocery store, “fully stocked” and requiring no purchase.

Polymarket posted on X, Tuesday, that the idea took “months of planning.” In addition to paying for the lease, the company said it had donated $1 million to Food Bank For New York City to support “an organization that changes how our city responds to hunger.”

MYSTERY BETTOR WON $400K PREDICTING MADURO CAPTURE BEFORE U.S. FORCES MOVED IN: REPORT

Daily hours and the grocery store’s closing date are subject to change, according to the website.

Photos on social media show the market offering a variety of food staples — from produce, milk, eggs and bread to brand-name snacks such as Pringles, Sour Patch Kids and Oreo cookies.

Polymarket did not immediately respond to Fox News Digital’s request for comment on why it is opening what it calls the city’s first free grocery store.

The announcement comes just days after rival Kalshi made a similar move, when owner George Zoitas gave hundreds of shoppers at Westside Market in the East Village $50 each toward their groceries.

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The bold marketing tactics by both Polymarket and Kalshi may be seen as a nod to New York City Mayor Zohran Mamdani’s pledge to open government-run grocery stores. Mamdani told Fox News Digital during his campaign that it will be possible for a “partnership” between the city and grocery store and bodega owners, despite his plan to open five city-run stores.

Mamdani appeared to poke fun at the announcement in an X post on Wednesday afternoon, replying directly to Polymarket’s post with a photo of a satirical headline that read, “Heartbreaking: The worst person you know just made a great point.”

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The federal agency that enforces U.S. workplace discrimination laws said Wednesday it is investigating Nike over allegations that its diversity initiatives unlawfully discriminated against White employees and job applicants, according to a court filing.

Reuters reported that the Equal Employment Opportunity Commission (EEOC) said Nike has refused to comply with a subpoena seeking information, including data on the racial and ethnic makeup of the global athletic apparel and footwear company based in Beaverton, Oregon.

The subpoenas also seek a roster of employees selected for mentoring and development programs.

The commission said the investigation centers on claims that Nike deliberately treated White employees and job applicants unfairly, including allegations that they were disproportionately targeted for layoffs.

NIKE PLANS TO CUT HUNDREDS OF JOBS AMID AUTOMATION PUSH

The agency said it is seeking the records to determine whether Nike violated federal anti-discrimination law.

Nike disputed the commission’s characterization of its cooperation, saying in a statement that it has participated extensively and in good faith in the agency’s inquiry.

“This feels like a surprising and unusual escalation,” a Nike spokesperson told FOX Business. “We have had extensive, good-faith participation in an EEOC inquiry into our personnel practices, programs, and decisions and have had ongoing efforts to provide information and engage constructively with the agency. We have shared thousands of pages of information and detailed written responses to the EEOC’s inquiry and are in the process of providing additional information.”

NIKE ANNOUNCES CAITLIN CLARK AS ITS NEWEST SIGNATURE ATHLETE

The company said it is a “proud American company” focused on bringing inspiration and innovation to athletes around the world.

“We are committed to fair and lawful employment practices and follow all applicable laws, including those that prohibit discrimination,” the spokesperson added. “We believe our programs and practices are consistent with those obligations and take these matters seriously. We will continue our attempt to cooperate with the EEOC and will respond to the petition.”

The development comes nearly a week after Nike said it plans to cut 775 jobs, primarily affecting distribution centers in Tennessee and Mississippi, as the company looks to automate more of its supply chain.

NIKE RETURNS TO SELL FOOTWEAR, APPAREL ON AMAZON FOR THE FIRST TIME SINCE 2019

A Nike spokesperson previously told FOX Business the company is streamlining and consolidating its operations — particularly within its U.S. distribution network — to move faster, improve efficiency and invest in technology, automation and workforce skills.

The distribution center layoffs follow similar moves by Nike over the past two years aimed at reorganizing operations and improving financial performance.

Nike said in August last year it planned to cut less than 1% of its corporate workforce as part of a turnaround effort under CEO Elliott Hill.

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In February 2024, the company announced it would cut 2% of its workforce, affecting more than 1,600 workers.

FOX Business’ Eric Revell and Reuters contributed to this report.

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Fox Corporation on Wednesday reported its second-quarter earnings that beat analysts’ estimates amid growth in advertising revenue from the company’s news networks and sports programming.

The company reported $5.18 billion in revenue for the second quarter of its 2026 fiscal year, an increase of 2% from the prior year quarter and above the LSEG estimate of $5.06 billion. Distribution revenues were up 4% in the quarter, driven mainly by 5% growth in Fox’s cable network programming segment.

Advertising revenues were 1% higher primarily because of higher pricing for ads during sports and news programs, additional MLB postseason games, as well as digital growth led by Tubi – Fox’s free, ad-supported streaming platform. Ad revenue growth was partially offset by lower political advertising revenues and lower ratings.

FOX CORP HITS ADVERTISING REVENUE RECORD IN FIRST QUARTER

Fox’s cable programming, which includes Fox News Channel and FOX Business Network as well as its cable sports networks, grew revenue 5% to $2.28 billion in the quarter, while its advertising revenue rose about 7%. 

“Whether streaming, linear, social or digital, Fox News Media continues to meet our audiences where they are,” Fox CEO Lachlan Murdoch said on the company’s earnings call. “Over the past 12 months, a fast-moving and consequential news cycle has reinforced Fox News Media’s leadership position, with audiences turning to the network for live coverage and in-depth analysis.”

“Fox News again finished the quarter as the most watched cable network in total day, while maintaining its lead as the most watched cable news network and producing the top 11 cable news programs,” he noted. “According to recent Nielsen data, Fox News is the number one cable news network among all three political parties, which bodes well for the upcoming political election cycle.”

APPLE SEES BIGGEST SALES JUMP IN 4 YEARS, POWERED BY ‘STAGGERING’ IPHONE DEMAND

“On the digital side, social media views for Fox News Digital were up an astounding 170% over the prior year, and both Fox News and FOX Business ranked number one in YouTube video views among their peers during the quarter,” Murdoch added.

Murdoch said that Tubi saw its most streamed quarter of all time and grew total viewer time by 27% year over year, with the streaming platform’s content slate expanding to include a simulcast of an NFL game on Thanksgiving.

TUBI CEO: TUBI IS COMMITTED TO BEING A FREE STREAMER

Fox’s subscription streaming service, Fox One, completed its first full quarter since launching in August, and Murdoch noted the company hasn’t seen any cannibalization of traditional subscribers to date as it looks to market the platform to cord cutters. 

He said that live sporting events are driving the majority of engagement on Fox One, news accounts for about one-third of the minutes viewed and that news viewers engage with the platform more frequently than non-news viewers.

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Fox Corporation is the parent company of FOX Business.

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Netflix co-CEO Ted Sarandos is set to testify on Tuesday before a Senate panel scrutinizing how the streaming giant’s proposed $72 billion acquisition of Warner Bros Discovery would impact competition in the entertainment industry’s streaming segment.

Sarandos will testify alongside Warner Bros. Chief Revenue Strategy Officer Bruce Campbell as the executives face questions over the competitive impact of the proposed merger before the Senate Judiciary Committee’s Subcommittee on Antitrust, Competition Policy and Consumer Rights.

While Congress doesn’t have authority to block or delay the merger, the hearing will afford lawmakers the opportunity to hear from the companies about how it would affect competition between streaming platforms, as well as workers and consumers.

If Netflix’s bid for Warner Bros. Discovery succeeds, the streaming service would gain access to WBD’s film and television studios, the HBO Max streaming service, as well as a content library that includes “Game of Thrones,” “Harry Potter,” as well as DC Comics’ superheroes Batman and Superman.

NETFLIX AMENDS WARNER BROS DISCOVERY DEAL TO ALL-CASH OFFER

Sen. Mike Lee, R-Utah, who chairs the subcommittee holding the hearing, has been critical of the deal and has questioned whether Netflix intends to move forward with it or whether it wants to inhibit competition during what may be a lengthy antitrust review.

The deal is currently under review by the Department of Justice, while Paramount Skydance is pursuing a hostile bid after Warner Bros. Discovery’s board rejected its bid in favor of Netflix’s offer. 

WARNER BROS DISCOVERY BOARD UNANIMOUSLY REJECTS PARAMOUNT’S TENDER OFFER, SAYS NETFLIX DEAL SUPERIOR

Paramount argues that it will have a more favorable path to regulatory approval, though Warner Bros. Discovery has noted the company would have to go into debt to finance the deal. 

Sources close to Netflix have noted that an acquisition of Warner Bros. Discovery by Paramount would also reduce the number of studios, lessening competition in the space.

Netflix has cited statistics from media analysis firm Nielsen to show that Google’s YouTube has a larger share of viewing time on U.S. households’ TVs than other streaming services such as itself. Antitrust experts have noted that the DOJ’s review may focus instead on subscription-based streaming services that are more similar to Netflix.

PARAMOUNT LAUNCHES HOSTILE TAKEOVER BID OF WARNER BROS DISCOVERY, SAYS OFFER IS ‘SUPERIOR’ TO NETFLIX DEAL

Last month, the Warner Bros. Discovery board voted unanimously to reject Paramount’s tender offer, with Warner Bros. Discovery board Chair Samuel Di Piazza Jr. saying that “Paramount’s latest offer remains inferior to our merger agreement with Netflix across multiple key areas.”

“Paramount’s offer continues to provide insufficient value, including terms such as an extraordinary amount of debt financing that create risks to close and lack of protections for our shareholders if a transaction is not completed,” Di Piazza continued. “Our binding agreement with Netflix will offer superior value at greater levels of certainty, without the significant risks and costs Paramount’s offer would impose on our shareholders.”

Netflix revised its bid for Warner Bros. Discovery last month to an all-cash offer priced at $27.75 per share, valuing the deal at $72 billion, which amounts to an enterprise value of $82.7 billion.

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Paramount’s offer amounts to an enterprise value of $108 billion and includes more assets, such as Warner Bros. Discovery’s cable business.

Reuters contributed to this report.

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EXCLUSIVE: Corporate America has long claimed that progressive social activism reflects the will of customers and shareholders — but a growing group of investors is now pushing back against that idea.

A Christian investment firm that manages more than $4 billion in assets is targeting dozens of major corporations this year with shareholder proposals aimed at pressuring companies to drop what it calls “woke” agendas, return to political neutrality and focus on their core business.

“Really what we’re working to do through our engagement efforts, is really help corporations get back to a place of neutrality, to stay out of contentious social issues and really just focus on shareholder value and really adequately representing the fiduciary duty that they do to derive value for shareholders instead of bringing in all these other risks that relate to social activism, political activism,” Inspire Investing CEO Robert Netzly told Fox News Digital.

“We’re long-term investors. We’re not activists,” Inspire’s CFA Tim Schwarzenberger said. “So what we’re asking companies to do is to return to neutrality. And the purpose of these proposals is that we want companies to treat all our customers and employees fairly, and to focus on their core business and to stay out of divisive political issues that could expose the company to customer backlash, legal and financial risk.”

WHITE HOUSE A.I. CZAR BLASTS BLUE STATES FOR INSERTING ‘WOKE IDEOLOGY’ INTO ARTIFICIAL INTELLIGENCE

The firm spoke exclusively with Fox News Digital about 38 shareholder proposals it plans to bring throughout 2026 — targeting companies among the so-called “Magnificent Seven” and other large-cap corporations on policies related to water and artificial intelligence use, off-duty speech, de-banking, diversity, equity and inclusion (DEI) programs, abortion pill access and more.

“We’re seeing these chickens coming home to roost. The things that we’ve been warning about and saying that these social issues, the social activism on behalf of these companies, comes with real material, financial risk for shareholders is being proven true,” Netzly said. “And as you look at the cautionary tales of Bud Light, of Disney, of Target, other companies are watching the sidelines and taking their lessons. And so as we go into these boardrooms, as we go into the shareholder meetings, as we discuss with investment relations departments, we have truth on our side.”

Critics have pointed to recent high-profile corporate controversies as examples of the financial risks that can follow divisive social activism. Disney’s live-action remake of “Snow White” reportedly lost $115 million, according to Deadline, which cited the film’s creative direction as a factor. After launching its 2023 Pride collection — which included children’s items — Target’s market capitalization dropped by more than $9 billion amid sustained consumer backlash. Anheuser-Busch InBev also faced multibillion-dollar losses after Bud Light partnered with a transgender influencer.

“We’ve seen repeatedly that when companies get involved in divisive political issues, that creates brand risk and customer backlash. So, essentially, these proposals act as guardrails. They help the boards identify risks that they might not be aware of,” Schwarzenberger added. “I think that customers and investors have been a sleeping giant, asleep at the wheel, and they’ve finally woken up.”

Netzly argued that Inspire’s proposals rest on a principle many Americans share: companies should focus on what they sell — not on social or political messaging. He said corporate activism distracts executives from core operations and brings political risk into boardrooms, a trend Inspire hopes to reverse through shareholder pressure.

“Corporate activism comes with a cost,” he said. “That results in changes to the share price, that results in lower dividends, less money being reinvested for growth.”

“Most Americans are invested through their 401(k) in their retirement plans, and so when companies perform better, naturally, everyday investors benefit from that,” Schwarzenberger said.

“We’ve influenced some of the largest corporations in the world. Costco, for instance, just this last fall, made the decision based on our long-standing efforts with them over the past couple years to not sell the abortion drug, Mifepristone, in their pharmacies. Walmart came to the same decision after our engagement with them. So we can make real, lasting change,” Netzly said.

AT&T ELIMINATES D.E.I. PROGRAMS, SAYS HIRING AND ADVANCEMENT WILL NOW BE MERIT-BASED

Although some of the companies Inspire is targeting have long been profitable for investors, the faith-based firm shared a message for skeptics who argue these proposals on social issues distract from the bottom line.

“There is a healthy skepticism about these proposals because, historically, many of these proposals have been used to push politics and to distract from the bottom line. But that’s not what we’re doing. Our proposals are grounded in fiduciary duty, so they’re not distractions from profitability,” Schwarzenberger said.

“My argument would be that our proposals are to get out of the social issues, right?” Netzly continued. “The problem is that these companies have already been influenced to such an extent that they are spending money and distracting from their core business through DEI programs, through ESG initiatives, through all sorts of things. And our proposals are designed to get them out of those distractions.”

Fox News Digital reached out to all 38 companies Inspire plans to target this year for comment. Most did not respond. Several confirmed they have either received — or have not yet received — formal proposals from Inspire.

The executives said on Monday that some meetings — and what they described as “good, productive” discussions — have already occurred with multiple companies, and Inspire would withdraw proposals as those conversations may transpire. Additionally, some shareholder deadlines won’t be filed until later this year.

Netzly and Schwarzenberger said success looks different for each proposal.

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“What we’re looking for is real, tangible change,” Schwarzenberger emphasized. “So we’re looking for companies to make specific policy changes, whether that’s changing their code of conduct, their terms of service, or how they use corporate dollars to sponsor controversial events.”

“If the company ignores the proposals, we can still get them on the ballot. We can still rally the troops and work to vote those things through. It really does come down to the shareholders,” Netzly said. “And I think for those companies that are opposed to even hearing the voice of their shareholders or even allowing things to go to a vote, they’re opening themselves up to [legislative] risk for potential violation of their fiduciary duties. They’re opening themselves up to a lot of risks, and really just brand backlash, for being so tone-deaf when so obviously their shareholders are asking them to stay out of these things.”

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Gold and silver prices have seen significant volatility in recent weeks following a surge in prices over the past two years.

The spot price of gold is up 67% over the last year while the silver spot price has risen 158% in that time – though the asset prices plunged over the last week with gold down over 9% and silver falling more than 27% in that period. The dip in prices also affected gold bullion, which fell over 9.8% on January 30, which was its sharpest single-day drop since 1983.

Spot gold prices were below $4,700 an ounce during Monday morning trading, while silver was below $79. At those prices, gold is up roughly 66% in the last year while silver is up about 147%.

Rising gold and silver values over the last year have drawn the attention of consumers, some of whom are looking to sell gold and silver jewelry amid the recent volatility, while others are looking to invest in precious commodities.

GOLD RUSH 2.0: AMERICANS CASH IN AS PRECIOUS METAL HOVERS NEAR ALL-TIME HIGH

Mukarram Mawjood, founder of Bullionite Asset Group, told FOX Business that jewelry “carries a retail premium not directly correlated to moves in investment grade gold and silver,” and so jewelry shouldn’t be approached as an investment when purchased.

ECONOMIST WARNS COMING FINANCIAL CRISIS WILL MAKE 2008 LOOK LIKE ‘SUNDAY SCHOOL PICNIC’

JPMorgan said in a research note on Monday that it expects gold prices to reach $6,300 per ounce by the end of 2026 amid demand from central banks and investors.

“Even with the recent near-term volatility, we remain firmly bullishly convicted in gold over the medium-term on the back of a clean, structural, continued diversification trend that has further to run amid a still well-entrenched regime of real asset outperformance vs paper assets,” the firm said in a note.

5 REASONS WHY GOLD IS A HOT COMMODITY

Deutsche Bank on Monday reiterated its gold price forecast of $6,000 an ounce this year amid sustained investor demand.

UBS last week also raised its forecast for gold prices to $6,200 for March, June and September 2026.

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Reuters contributed to this report.

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The New York Stock Exchange’s quiet expansion into Texas is gaining rapid traction, with NYSE President Lynn Martin revealing that more than 100 companies have already dual-listed on NYSE Texas in under a year — a milestone that underscores Wall Street’s accelerating pivot toward the Lone Star State’s pro-business climate.

“NYSE Texas, which we announced February of last year, brought it live March 31 of last year, and now have more than 100 dual listings on NYSE Texas in less than a year,” President Lynn Martin told FOX Business’ Maria Bartiromo at the World Economic Forum on Thursday.

“It’s going great,” she continued.

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Earlier this week, President Donald Trump blasted plans to expand the New York Stock Exchange to Dallas, calling the move “unbelievably bad” for New York and a failure of city leadership.

“Building a New York Stock Exchange in Dallas is an unbelievably bad thing for New York. I can’t believe they would let this happen,” Trump wrote in a Truth Social post. He added that the move posed a “big test” for New York’s newly inaugurated mayor, Zohran Mamdani.

The New York Stock Exchange has said the Dallas expansion — a fully electronic equities exchange based in Dallas — is intended to broaden its footprint and better serve companies in the South and Southwest, not to replace its New York operations. NYSE Texas launched in March 2025 and continues to operate alongside the main exchange.

“So many companies have taken the opportunity to dual list on NYSE, all the protections of the floor, everything… as well as list on NYSE Texas,” Martin said. “The advantage of dual listing on NYSE Texas is you are able to take advantage of all that pro-business legislation that Governor [Greg] Abbott has enacted around shareholder rights, around… litigation, around protection of C-suite of existing companies.”

Additionally, NYSE Texas’s growth coincides with a broader rebound in IPO and listings activity, according to Martin, who described a potential “super cycle” for capital markets in 2026.

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“We’re seeing demand from all sectors. It feels like it’s gonna be a bit of a super cycle year in terms of the amount of deals that come to market,” she noted. “Now, I’m not just talking about the mega IPOs, they may or may not come to the market, but there’s a tremendous amount of demand of backlog companies, companies that have been sitting on sponsors books, as well as companies that have just wanted to go for some time and put plans on hold because of volatility.”

“I’m incredibly bullish about 2026 for the capital markets, for the U.S. economy,” Martin added.

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FOX Business’ Amanda Macias contributed to this report.

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