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The Latest Breaking News from Nasdaq

Uber, Lyft Drivers Gain Historic Right To Unionize In California As Newsom Signs Bill Impacting 800,000 Gig Workers

Governor Gavin Newsom (D-Calif.) on Friday signed a landmark bill granting Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) drivers the legal right to unionize, marking a major victory for gig workers.

Benzinga

Tesla Shareholders Oppose Elon Musk's $1 Trillion Pay Package Amid Governance Concerns, EV Tax Credit Expiration

A group of Tesla Inc. (NASDAQ:TSLA) shareholders, including SOC Investment Group and state officials from Nevada, New Mexico and Connecticut, urged investors on Thursday to vote against CEO Elon Musk's $1 trillion pay package at the company's upcoming November meeting, according to a regulatory filing.

Benzinga

OpenAI Acquires AI Finance App Roi In CEO-Only Deal As Consumer Products Push Continues

OpenAI has purchased Roi, an AI-driven personal finance app, with only the startup's CEO joining the company. The move continues OpenAI's trend of acqui-hires throughout the year.

Benzinga

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Former Cisco CEO John Chambers Warns AI Market Surge Mirrors Dot-Com Bubble, Predicts Faster Job Displacement, Market Volatility

John Chambers, former CEO of Cisco Systems Inc. (NASDAQ:CSCO), who navigated the internet boom and bust, now sees troubling similarities in today's AI surge, warnings now echoed by mounting Wall Street concerns, even as some tech leaders highlight AI's productivity benefits over potential job losses.

Benzinga

Jeff Bezos Predicts Gigawatt-Scale Orbital Data Centers In 10–20 Years, Compares AI Boom To Early 2000s Dot-Com Era

Amazon.com Inc. (NASDAQ:AMZN) founder Jeff Bezos said on Friday that within the next 10 to 20 years, massive data centers could be built in space, taking advantage of uninterrupted solar energy as a key edge over those on Earth.

Benzinga

Goldman Sachs, Morgan Stanley To Lead Amazon-Backed Beta Technologies $300M GE Deal And IPO As Military-Trained Electric Aircraft Firm Expands

Beta Technologies, an electric aircraft manufacturer backed by Amazon (NASDAQ:AMZN), on Monday filed for an initial public offering in the U.S. at a moment when Wall Street’s appetite for growth stories has rarely been stronger.

Benzinga

Parents Sue Tesla After Cybertruck Crash Kills Daughter, Allege Faulty Door Design Trapped Her During Fire

The parents of a college student who lost her life in a Tesla Cybertruck accident have initiated legal proceedings against Tesla Inc. (NASDAQ:TSLA). They attribute their daughter’s demise to the electronic door design of the vehicle.

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Elon Musk Says 'Failure Is Irrelevant Unless it's Catastrophic': Tesla CEO Explains His Take With Baseball

Elon Musk says failure is largely beside the point "unless it's catastrophic," casting setbacks as part of a portfolio of bets where only the overall "batting average" matters. His view, long central to how SpaceX and Tesla Inc. (NASDAQ:TSLA) iterate, came in response to a question about coping with missteps.

Benzinga

Trump's $100,000 H-1B Visa Fee Sparks First Major Lawsuit From Unions, Employers And Universities

The Donald Trump administration's plan to impose a $100,000 fee on new H-1B visas is now reportedly facing its first major legal challenge, as unions, universities, and employers argue the move unlawfully undermines a program central to America's tech and research sectors.

Benzinga

Jeff Bezos Calls AI Boom A Bubble — But Says It's A Good One

Amazon.com Inc. (NASDAQ:AMZN) founder Jeff Bezos acknowledged that artificial intelligence is in "a kind of industrial bubble" but stressed that the technology is real and will deliver "gigantic" benefits to society.

Benzinga

Palantir, Anduril Say Report Of Security Flaws Was Outdated, Inaccurate—Palantir Shares Recover Slightly (UPDATED)

Editor’s note: This story was updated to include an exclusive statement from Palantir Technologies

Benzinga

Stocks Settle Mixed as Tech Rally Loses Steam

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.43%. December E-mini S&P futures (ESZ25 ) rose +0.01%, and December E-mini Nasdaq futures...

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'Elon Is Smart And Ahead Of The Curve,' Says Mark Cuban, But Still Doesn't Think Humanoid Robots Are The Future

Tesla (NASDAQ:TSLA) CEO Elon Musk claimed in May that humanoid robots will begin impacting GDP in just four to five years. But while billionaire Mark Cuban agrees Musk is forward-thinking when it comes to video-based robotics, he isn't sold on humanoid robots being the game-changer everyone thinks they'll be.

Benzinga

Deal Dispatch: From Stellantis To Snyk, Major Companies Consider Exits

For the previous edition of Deal Dispatch, click here.

Benzinga

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Is Instacart Falling Behind As Amazon, Uber, And Walmart Battle For Grocery Customers?

Maplebear Inc. (NASDAQ:CART), operating as Instacart, saw its shares decline on Friday after research highlighted topline risks associated with rising competition in online grocery delivery.

Benzinga

Astera Labs Battles Nvidia And Broadcom As AI Chip Market Heats Up

Astera Labs, Inc. (NASDAQ:ALAB), an AI connectivity specialist, faces a critical market juncture as competition intensifies and lofty valuations test investor patience.

Benzinga

Tesla Set To Hit $3 Trillion in 2026—Dan Ives

Tesla, Inc. (NASDAQ:TSLA) bull and Wedbush tech analyst Dan Ives expects the EV maker to increase its valuation from $2 trillion to $3 trillion over the course of 2026.

Barchart

Stocks Supported by AI Spending Boom

The S&P 500 Index ($SPX ) (SPY ) today is up +0.40%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.84%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.07%. December E-mini S&P futures (ESZ25 ) are up +0.37%, and December E-mini Nasdaq futures...

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Apple App Store Revenue Jumps 10%, Analyst Sees AI, App Diversification Driving Long-Term Growth

Apple's (NASDAQ:AAPL) App Store delivered strong results in the September quarter, with revenue climbing 10% year-over-year to $8.7 billion and downloads rising 2.5% to 9 billion.

Benzinga

Elon Musk Pay Package Compared To NFL: 'Imagine You're Patrick Mahomes And Not Gonna Get A Salary'

A new pay package proposed by Tesla Inc (NASDAQ:TSLA) could significantly increase the wealth of CEO Elon Musk, but also comes with milestones and incentives that would reward the company and shareholders along the way.

Benzinga

Crude Oil Gains 1%; USA Rare Earth Shares Spike Higher

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 450 points on Friday.

Benzinga

Unusual Machines Lands $800K Red Cat Drone Parts Order

Unusual Machines, Inc. (NYSE:UMAC) announced on Friday that it received an $800,000 order from Red Cat Holdings, Inc. (NASDAQ:RCAT), a drone technology company that develops robotic hardware and software for military, government, and commercial applications. Shares of both Unusual Machines and Red Cat were trading higher following the announcement.

Benzinga

Dow Jumps Over 200 Points; ISM Services PMI Falls In September

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Friday.

Barchart

Stocks Climb on Rampant AI Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.18%. December E-mini S&P futures (ESZ25 ) are up +0.27%, and December E-mini Nasdaq futures...

Benzinga

Amazon, Meta Beware: The AI Spending Boom Is Pushing Tech Firms Into A Debt Spiral

U.S. tech giants like Meta Platforms Inc. (NASDAQ:META), Amazon.com Inc. (NASDAQ:AMZN), Microsoft Corp. (NYSE:MSFT) and Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) have plowed hundreds of billions into artificial intelligence over the past two years, initially using their hefty cash piles — but Goldman Sachs says that cushion is wearing thin, and debt is…

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