Articles written by Kaustubh Bagalkote - Benzinga

Apple Faces 'First Serious Threat In 20 Years' As OpenAI Acquires iPhone Maker's Former Design Chief Jony Ive's Hardware Startup, Says Gene Munster

Gene Munster, Managing Partner at Deepwater Asset Management, warned Wednesday that OpenAI represents the first serious competitive threat to Apple Inc. in two decades following the artificial intelligence company's $6.5 billion acquisition of former Apple design chief Jony Ive's hardware startup.

Amazon Shareholders Reject Proposal To Split Roles Of CEO Andy Jassy And Executive Chairman Jeff Bezos, Backing Current Leadership Structure With 82% Vote

Amazon.com Inc. shareholders decisively rejected a proposal requiring the company to maintain separate CEO and board chair positions, with approximately 82% voting against the measure at Wednesday's annual meeting.

Israel Englander's Millennium Cuts Stakes In Nvidia, Microsoft, And Meta While Boosting Amazon Bet In Q1 Amid Strategic Talks With BlackRock, Goldman Sachs

Israel Englander's Millennium Management trimmed its positions in major technology stocks while increasing its Amazon.com Inc. exposure during the first quarter of 2025, according to its 13F filing with the U.S. Securities and Exchange Commission on May 15.

Trump's 'Big, Beautiful' $3.8 Trillion Bill Squeaks Through House: Expert Says It Will 'Boost The Economy In The Short Term,' But Worsen Deficits

US House of Representatives passed Trump's $3.8 trillion tax-and-spending bill, sending 10-yr Treasury yields to 5.15%.

As Trump-Xi Jinping Silence Drags On, China And US Reopen Diplomatic Lines Amid Looming Trade Truce Deadline And Tech Tensions

China's Vice Foreign Minister Ma Zhaoxu held a telephone conversation with U.S. Deputy Secretary of State Christopher Landau on Friday.

Apple Faces 'First Serious Threat In 20 Years' As OpenAI Acquires iPhone Maker's Former Design Chief Jony Ive's Hardware Startup, Says Gene Munster

Gene Munster, Managing Partner at Deepwater Asset Management, warned Wednesday that OpenAI represents the first serious competitive threat to Apple Inc. in two decades following the artificial intelligence company's $6.5 billion acquisition of former Apple design chief Jony Ive's hardware startup.

Steve Jobs Once Invited Marc Benioff To His Office With 2 iPads In 2010: The Lesson That Shaped A $270 Billion Salesforce Empire

Salesforce Inc. CEO Marc Benioff credits a pivotal 2010 conversation with Apple Inc. co-founder Steve Jobs for shaping the focused product strategy that helped build his company's $270.8 billion market capitalization.

Short Seller Andrew Left's Citron Doubles Down On Duolingo Short, Says Google's AI Tool Changes The Business

Citron Research has renewed its bearish stance on Duolingo, citing Google's newly announced artificial intelligence translation technology.

Baidu's Apollo Go Enters Dubai And Abu Dhabi, CEO Robin Li Touts Global Robotaxi Lead With 1.4 Million Rides In Q1

Chinese tech giant Baidu Inc. said Tuesday it has entered the Dubai and Abu Dhabi markets with its Apollo Go autonomous ride-hailing service.

Two Israeli Embassy Staff Killed In Shooting Near DC Museum

Jim Cramer Says Bonds Will 'Overshoot And Then Settle,' Predicts Turbocharged Economy From Budget Agreement

Jim Cramer wrote on X Wednesday that bonds will "overshoot and then settle," predicting a turbocharged economy could emerge.

Trump Considers Taking Fannie Mae, Freddie Mac Public, Calls Mortgage Giants 'Very Profitable,' Says Timing Seems Right

Trump announced Wednesday he is giving "very serious consideration" to taking mortgage finance giants Fannie Mae and Freddie Mac public.

Palantir Partners With SAP To Fuse Ontology, Foundry And Enterprise Data: CEO Alex Karp Calls It 'Extremely Valuable'

Palantir Technologies Inc. announced a strategic partnership with enterprise software giant SAP SE that will integrate Palantir's data platforms with SAP's enterprise solutions, the companies revealed at SAP Sapphire conference.

Jamie Dimon, Who Flagged Trouble Before 2008 Lehman Brothers Collapse, Now Warns S&P Earnings Could Fall To 0%: 'Rougher Time For Markets,' Says Dan Niles

JPMorgan Chase & Co. CEO Jamie Dimon, who correctly flagged trouble before the 2008 Lehman Brothers collapse, is now cautioning that Wall Street's expectations for S&P 500 earnings growth could plummet from 12% to 0% as tariff impacts ripple through the economy.

Panama Moves To Legalize Bitcoin Nationwide As Trump's Pro-Crypto Policies Fuel Global Adoption

Panama has introduced legislation that would allow citizens to freely buy, sell, and accept Bitcoin (CRYPTO: BTC) nationwide, marking another significant step in the global adoption of cryptocurrencies.

China Warns Of Legal Retaliation Against US Chip Sanctions, Threatens Lawsuits For Aiding 'Discriminatory' Tech Crackdown

China has threatened legal action against any individual or organization assisting with or implementing U.S. semiconductor restrictions, escalating tensions in the ongoing tech rivalry between the world's two largest economies.

Elon Musk's Mother Shares 1989 Aptitude Test Results Revealing 'Highest Engineering Aptitude' Score Of Tesla CEO At Age 17

Maye Musk, mother of Elon Musk, revealed on Sunday a 1989 computer aptitude test showing her son's engineering potential at age 17.

Jim Cramer Recalls 2011's 6.7% Market Decline After US Debt Downgrade, Says It 'Ultimately Meant Nothing:' Dan Niles Sees Limited Downside Amid Tariff Rollbacks, FOMO

Moody's downgrade of U.S. debt from Aaa to Aa1 marks the country's loss of its last remaining top-tier rating.

Jim Cramer Recalls 2011's 6.7% Market Decline After US Debt Downgrade, Says It 'Ultimately Meant Nothing:' Dan Niles Sees Limited Downside Amid Tariff Rollbacks, FOMO

Moody's downgrade of U.S. debt from Aaa to Aa1 marks the country's loss of its last remaining top-tier rating.

Tom Lee Cheers On 'Buy The Dip' Crowd As Retail Investors Pour $4.1 Billion Into Stocks: Tesla, Palantir Lead Inflows

Retail investors flooded the market with $4.1 billion in purchases, with Tesla and Palantir Technologies the largest inflows.