Economist Peter Schiff has warned that California faces a “mass exodus” of ultra-wealthy entrepreneurs, including Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg, if voters pass a proposed 5% billionaire wealth tax. Deconstructing the warning, Schiff highlighted the hidden danger of…
Qnity Electronics Inc. (NYSE:Q) shares are trending on Thursday night. Q shares rose 2.85% to $173.79 in after-hours trading on Thursday, extending a 7.82% intraday gain. According to Benzinga Pro data, the stock of the technology solutions and materials provider…
Edgewise Therapeutics Inc. (NASDAQ:EWTX) on Tuesday released topline results from the 12-week Part D cohort of its Phase 2 CIRRUS-HCM trial. Patients received doses ranging from 25 mg to 150 mg. EDG-7500 demonstrated clinically meaningful improvements in patients with both…
Michael Saylor argues that investor confidence in Ethereum (CRYPTO: ETH) has collapsed as the token fights Solana (CRYPTO: SOL) and BNB (CRYPTO: BNB) in a battle that has drained all three of their monetary premium. Saylor Says Bitcoin Dominance Climbed…
Bitcoin (CRYPTO: BTC) ETF net assets fell to $77.58 billion on Tuesday, the lowest level since the last presidential election, notwithstanding the most crypto-friendly regulatory environment in US history. Every Post-Election Gain Is Gone Despite The Best Regulatory Climate Ever…
On Monday, Ingredion Inc. (NYSE:INGR) announced a recommended all-cash acquisition of Tate & Lyle PLC valued at about 3.7 billion pounds ($5 billion), expanding its specialty ingredients business. The deal broadens Ingredion’s portfolio in texturants, sugar reduction, and fortification while…
On Friday, Quanex Building Prods (NYSE:NX) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This content is powered by Benzinga APIs. For comprehensive financial data and transcripts, visit https://www.benzinga.com/apis/. View the webcast at https://edge.media-server.com/mmc/p/z3ha9hb3/…
Editor’s note: This article has been updated to add more details and context. The U.S. labor market strengthened in May as employers added 172,000 jobs, the Bureau of Labor Statistics reported Friday. The monthly increase in total nonfarm payrolls far…
Chipotle Mexican Grill Inc (NYSE:CMG) shares hit a new 52-week low on Wednesday as investors sold off the stock amid a prolonged downtrend. Investors appear focused on the severe macroeconomic headwinds currently battering consumer discretionary spending. Chipotle Mexican Grill shares…
A proposed tie-up between Tesla Inc. (NASDAQ:TSLA) and SpaceX drew pushback from investor Gary Black, who argued the deal could destroy shareholder value through a conglomerate discount and lacks a compelling strategic rationale. Black said in a post on X…