A 10-Year Treasury Bond Now Pays More Than 118 Of America's Biggest Companies A 10-year U.S. Treasury bond now pays more income than 118 of America’s biggest companies. Benzinga · Aug 20
Polymarket Faces Fresh Insider Trading Scrutiny After 152 Wallets Allegedly Made $8 Million Betting on US Military Markets: Report Prediction platform Polymarket is facing renewed scrutiny over suspected insider trading after research flagged more than 150 wallets that allegedly profited from bets tied to confidential U.S. military information. Benzinga · Aug 20
Walmart’s US Sales Growth Hits Weakest Pace Since 2020 — Pharmacy Drag Packs A Punch Walmart Inc. (NASDAQ:WMT) stock is trading lower in Thursday’s premarket session after the retail giant reported second-quarter results and issued third-quarter guidance below estimates. Benzinga · Aug 20
Humanoid Robots Still a Decade Away From Their ‘ChatGPT Moment,’ Unitree Founder Says After Blockbuster IPO Debut Unitree Robotics‘ founder, Wang Xingxing, has predicted that humanoid robots may need up to a decade to reach their “ChatGPT moment”, following the company’s successful market debut. Benzinga · Aug 20
US Reportedly Runs a Covert Shipping Corridor in Hormuz, Moves 10 Million Oil Barrels Daily—Analyst Says 'Major Development if...' The U.S. military has reportedly established a “stealth” shipping corridor in the Strait of Hormuz, a critical oil transport route. Benzinga · Aug 20
Robinhood CEO Says Trump Accounts Give Kids a Simple Way Into S&P 500 — ‘See the Magic of Compound Interest’ Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev said Wednesday that Trump Accounts currently offer children access to the S&P 500 through a low-cost exchange-traded fund. Benzinga · Aug 20
Trump Admin Makes Last-Ditch Supreme Court Push to Save White House Ballroom, Says Project Will Provide ‘Safe Room’ for Presidency President Donald Trump’s administration made a last-ditch Supreme Court push on Wednesday to keep construction of his $400 million White House ballroom moving before an injunction halting most above-ground work takes effect Friday. Benzinga · Aug 20
Trump Says AI Data Centers Need ‘A Little Public Relations Help’ as States Push Back on New Projects President Donald Trump said Wednesday that data centers could use "a little public relations help" as opposition to new AI infrastructure projects grows across the U.S. Benzinga · Aug 20
Zohran Mamdani Sues NYC Council Over $10,000 School Aide Bonus: ‘Political Process’ Can’t Replace Collective Bargaining New York City Mayor Zohran Mamdani has sued to block a City Council law providing $10,000 bonuses to New York City school teachers’ aides. Mamdani asserts that this legislation violates collective bargaining laws. Benzinga · Aug 20
GOP Fears Data Center Backlash Could Cost Ohio Senate Seat—and Derail AI Expansion Across US: Report The National Republican Senatorial Committee (NRSC) has reportedly alerted top AI firms, privately, about the potential political fallout from the negative public opinion surrounding U.S. data centers. Benzinga · Aug 20
Treasury Doubles Bond Buybacks to $4 Billion — Market Strategist Slams Scott Bessent, Says It’s ‘Debt Reshuffling, Not Debt Reduction’ as Yields Surge The U.S. Treasury doubled its debt buybacks to support the bond market as long-term yields rose, but investment firm Creative Planning‘s Chief Market Strategist Charlie Bilello said the move did not reduce the nation’s overall debt. Benzinga · Aug 20
Ro Khanna Says Medicare for All Could Cut $1 Trillion in Annual Health Costs: ‘Saves Money and Lives’ Rep. Ro Khanna (D-Calif.) said Wednesday that a new Yale analysis projects that a Medicare-for-All-style system could reduce U.S. health spending by $1.04 trillion annually. Benzinga · Aug 20
Ted Lieu Slams Trump Administration Over Rising Gas, Grocery and Utility Costs: ‘November Is Coming’ Rep. Ted Lieu (D-Calif.) criticized President Donald Trump on Wednesday over rising household costs, arguing that Americans are dealing with higher prices while the administration focuses on projects and initiatives bearing Trump’s name. Benzinga · Aug 20
JPMorgan Says Tesla Is Confident of Scaling Cybercab Operations, Touts Future Models Based on Platform—FSD V15 a ‘Step-Change’ From Previous Versions Investment bank JPMorgan Chase & Co. (NYSE:JPM) on Wednesday said that Tesla Inc. (NASDAQ:TSLA) appears to be prioritizing the Cybercab over further scaling its Model Y robotaxi fleet. Benzinga · Aug 20
Benzinga · Aug 20 Stock Market Today: Dow Jones, S&P 500, Nasdaq 100 Futures Fall as Trump Launches ‘Operation Economic Fury’ on Iran— BULL, WMT, MRK Stock in Focus (UPDATED) Editor’s note: The ETFs data was updated and economic data was added
Benzinga · Aug 20 Thomas Massie Says Every American Is Paying $4,000 a Year in Debt Interest, Blames Primary Loss on Fighting Policies Behind $40 Trillion Debt Rep. Thomas Massie (R-Ky.) said Wednesday that the growing burden of interest payments on the national debt is the direct result of policies he opposed in Congress, a stance that he says cost him his re-election bid.
Benzinga · Aug 20 Treasury, IRS Move to Restrict Refundable Tax Credits for Certain Immigrants: ‘The Days of Illegal Aliens…' The U.S. Department of the Treasury and Internal Revenue Service (IRS) proposed rules Wednesday to restrict access to the refunded portion of certain federal tax credits for immigrants who do not meet federal eligibility requirements.
Benzinga · Aug 20 Trump Says Kim Jong Un Has 57 'Very Powerful' Nukes — South Korea’s Estimate Is Nearly Twice as High South Korea’s Defense Minister Ahn Gyu-back said Thursday that North Korea is generally estimated to possess 80 to 120 nuclear warheads, a range significantly above President Donald Trump‘s estimate of 57.
Benzinga · Aug 20 Elissa Slotkin Warns Against Military Election Interference and Partisan Power: 'The Uniformed Military Shouldn’t Be Deployed' Sen. Elissa Slotkin (D-Mich.) warned that the U.S. military must remain politically neutral and should never be used to interfere in elections or serve the interests of a single political party.
Benzinga · Aug 20 Elon Musk Says China Is ‘By Far’ Strongest AI Competitor, Echoing 2011 Warning as SPCX Faces New Rocket Rival Elon Musk said China is "by far" the strongest competitor in artificial intelligence, extending a warning he made 15 years ago that Beijing would ultimately become Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) most important rival in rocket technology.
Benzinga · Aug 20 Steve Hanke Warns Bond Vigilantes Are Back, Says 10-Year Yield Could Rise Another 50 Basis Points: ‘Very Bearish’ Economist Steve Hanke says the bond market is accurately pricing rising risks, leaving a bleak outlook for Treasuries, expressing concerns that President Donald Trump‘s policies are triggering a selloff.
Benzinga · Aug 20 Trump Reaffirms 'Drill, Baby, Drill,' but Gavin Newsom Points to '$86 Billion' in Excess Gas Costs, ‘Big Oil’ Profits: ‘Can’t End the War…’ California Gov. Gavin Newsom slammed President Donald Trump as the ongoing tensions with Iran over the Strait of Hormuz continue to affect oil and fuel prices in the U.S.
Benzinga · Aug 20 Ethereum Whale Nets $6 Million After 4x Leveraged Bet Just Before ETH Rally and Trump's Crypto Summit: Coincidence? A trader opened a high-risk long bet on Ethereum (CRYPTO: ETH) just before the cryptocurrency’s dramatic Wednesday surge, locking in paper gains of over $6 million.
Benzinga · Aug 20 Trump Says He Expects to Meet Kim Jong Un This Year, But Kim's Sister Disputes Recent Contact: 'There Has Been No...' President Donald Trump said Wednesday he expects to meet North Korean leader Kim Jong Un later this year, but Kim’s sister Kim Yo Jong disputed his claim that the leaders had recently communicated, highlighting conflicting accounts over renewed diplomacy
Benzinga · Aug 20 BTC Digital Stock Soars Over 111% After-Hours, BitMine Shares Trending as Bitcoin and Ethereum Regain Their Mojo BTC Digital Ltd. (NASDAQ:BTCT) and BitMine Immersion Technologies Inc. (NYSE:BMNR) shares are trending on Thursday.