Elon Musk-led Space Exploration Technologies Corp. (NASDAQ:SPCX) and Tesla Inc. (NASDAQ:TSLA) shares were down as midterm election results cast doubts over AI buildouts and more. SPCX, Tesla Decline According to Benzinga Pro data, SPCX shares were down 4.15% to $135.45 in overnight trading on Tuesday, while TSLA shares slipped 4.43% to $380.84 during overnight trading […]

Strategy (NASDAQ:MSTR) bought another 811 Bitcoin (CRYPTO: BTC) for roughly $65.5 million last week, resuming its accumulation after a brief pause the week before. What the Filing Shows Strategy disclosed in an 8-K filing Monday that it acquired the Bitcoin between Oct. 26 and Nov. 1 at an average price of $80,846 per coin. The […]

ExxonMobil Holdings Corporation (NYSE:XOM) stock rose in premarket trading Friday after the oil giant reported better-than-expected third-quarter earnings and revenue, benefiting from stronger refining margins amid the U.S.-Israeli conflict with Iran and Ukrainian strikes on Russian refineries. The company also reported record year-to-date refining performance, including its highest global fuels utilization outside the Middle East, […]

Bill Ackman, the founder and CEO of Pershing Square USA, Ltd. (NYSE:PSUS), says investors should focus on businesses capable of creating significant value over decades, even when markets temporarily shut. Ackman, during a podcast interview with Nicolai Tangen, CEO of Norges Bank Investment Management, published on Wednesday, said a great company was one investors could […]

Strive (NASDAQ:ASST) is raising up to $1 billion through its SATS preferred stock, while Strategy (NASDAQ:MSTR) left its Bitcoin (CRYPTO: BTC) holdings unchanged last week. What Strive Plans to Do With the $1 Billion Strive announced Monday that it can issue and sell shares of its 15.00% Series A Perpetual SATS Preferred Stock through an […]

Kinder Morgan Inc (NYSE:KMI) posted upbeat financial results for the third quarter after the market close on Wednesday. Kinder Morgan reported third-quarter revenue of $4.53 billion, beating the consensus estimate of $4.38 billion, according to Benzinga Pro. The energy infrastructure company reported adjusted earnings of 35 cents per share for the quarter, beating estimates of […]

Citadel’s CEO Ken Griffin said that investors are “almost certainly” in the middle of an AI bubble right now. In an interview with Bloomberg on Tuesday at the Future of Global Markets Conference in New York, Griffin said, “Any radical transformation of our economy is generally intertwined with a bubble.” The billionaire spoke about the […]

Three AI chatbots were asked for one stock to buy this week, and each came back with a different company from a different corner of the market. ChatGPT chose GE Aerospace (NYSE:GE), Grok chose Netflix Inc. (NASDAQ:NFLX) and Claude chose Valero Energy Corp. (NYSE:VLO). The picks share one thread. All three companies report quarterly results […]