Kaustubh Bagalkote

Kaustubh Bagalkote

About
Kaustubh is a journalist at Benzinga, specializing in the US stock market, Chinese economy, technology, and cryptocurrencies. He collaborates with AI teams to enhance content accuracy and evaluates AI models. With a background in social media managem...
Cathie Wood Says Bitcoin Is 'More Scarce Than Gold' — Predicts M&A Surge Under Trump 2.0
Cathie Wood, the founder of Ark Investment Management LLC, predicts a surge in mergers and acquisitions after President-elect Donald Trump defeats Vice President Kamala Harris in the 2024 election.
Trump Transfers Entire DJT Stake To Revocable Trust Ahead Of Inauguration
President-elect Donald Trump has transferred his entire stake in Trump Media & Technology Group Corp. to his revocable trust, according to Securities and Exchange Commission filings released on Thursday.
Walmart Founder Gives Voting Power To 8 Grandchildren As Walton Family Strengthens Control Over $345 Billion Retail Empire
Walmart announced Thursday that eight grandchildren of founder Sam Walton will gain voting rights over the family's holdings, expanding the total number of voting members to 11 in a significant transition of power for America's wealthiest retail dynasty.
Gordon Johnson Revives Charlie Munger's Criticism Of Bitcoin As 'Rat Poison,' Calls It 'Worthless' With BTC Falling Below $100,000: 'Purely Speculative Tulip That's In A Bubble'
GLJ Research CEO Gordon Johnson intensified criticism of Bitcoin (CRYPTO: BTC) on Thursday, echoing late Berkshire Hathaway Inc. Vice Chairman Charlie Munger‘s skepticism and targeting major financial institutions for their role in crypto
Cathie Wood Says Bitcoin Is 'More Scarce Than Gold' — Predicts M&A Surge Under Trump 2.0
Cathie Wood, the founder of Ark Investment Management LLC, predicts a surge in mergers and acquisitions after President-elect Donald Trump defeats Vice President Kamala Harris in the 2024 election.
Trump Transfers Entire DJT Stake To Revocable Trust Ahead Of Inauguration
President-elect Donald Trump has transferred his entire stake in Trump Media & Technology Group Corp. to his revocable trust, according to Securities and Exchange Commission filings released on Thursday.
Elon Musk's DOGE Role In Government Set For 'Fascinating Tough Fight,' Says Analyst — Walter Isaacson Sees Challenges For Tesla CEO's Federal Path
New Street Research analyst Pierre Ferragu has expressed support for Tesla Inc. CEO Elon Musk's upcoming role in the newly announced Department of Government Efficiency while acknowledging the challenges ahead in reforming federal operations.
China Keeps Benchmark Lending Rates Steady As Fed Signals Fewer Cuts Ahead
China kept its benchmark lending rates unchanged on Friday, with the one-year loan prime rate held at 3.1% and the five-year LPR at 3.6%.
Tom Lee Explains Why 'Fewer Cuts In 2025' Could Boost The Market, Urges Investors To 'Buy The Dip' Amid Recent Volatility
U.S. stock markets could benefit from fewer interest rate cuts in 2025 despite recent volatility, according to Fundstrat's head of research Tom Lee, who sees the Federal Reserve's hawkish stance as potentially beneficial for investors.
Jim Cramer Warns Of 'Incredible Panic' As Jerome Powell's Hawkish Outlook Send Stocks Into Free Fall: 'People Throwing Away Good And Bad'
The U.S. stock market experienced a severe selloff Wednesday after Federal Reserve Chair Jerome Powell‘s comments triggered what CNBC’s Jim Cramer described as “incredible panic” in the markets.
Joe Lonsdale Reveals Palantir's 'Close To Dying' Moment, Credits Alex Karp For Securing Key Contracts With FBI And CIA
Palantir Technologies co-founder Joe Lonsdale disclosed that the data analytics company nearly collapsed in its early years before CEO Alex Karp secured crucial contracts with federal agencies.
Jeff Bezos-Backed Perplexity Raises $500 Million, Tripling Its Valuation To $9 Billion As Competition With Google And OpenAI Heats Up
Perplexity AI, backed by Amazon founder Jeff Bezos, secured $500 million in funding led by Institutional Venture Partners, tripling its valuation to $9 billion.
CVS Faces DOJ Lawsuit Alleging Violations Of Controlled Substances Act And False Claims Act Over Opioid Prescriptions
The U.S. Department of Justice filed a civil complaint against CVS Pharmacy Inc owned by CVS Health Corp, alleging the nation's largest pharmacy chain violated the Controlled Substances Act by filling unlawful prescriptions for dangerous opioid combinations and quantities from 2013 onwards.
MacKenzie Scott's Mission-Driven Investing Pushes Back Against Wealth Concentration: Amazon Stock Rich Philanthropist Pledges $2 Billion In Donations
MacKenzie Scott, one of America's wealthiest philanthropists, announced $2 billion in new charitable donations for 2024, while revealing a strategic shift toward mission-aligned investments for her remaining fortune. The latest round of giving brings her total donations since 2019 to $19.2 billion.
Mohamed El-Erian Warns Fed Faces 'Bigger Problem' As Diverging Views On Rate Policy Highlight Lack Of 'Strategic Anchoring'
A significant disparity in Federal Reserve officials' views on future interest rate policy points to deeper strategic challenges that could impact markets through 2025, according to prominent economist Mohamed El-Erian.
Jim Cramer Warns Of 'Incredible Panic' As Jerome Powell's Hawkish Outlook Send Stocks Into Free Fall: 'People Throwing Away Good And Bad'
The U.S. stock market experienced a severe selloff Wednesday after Federal Reserve Chair Jerome Powell‘s comments triggered what CNBC’s Jim Cramer described as “incredible panic” in the markets.
Nvidia Partner TuSimple Rebrands As CreateAI Shifts Focus From Autonomous Driving To AI-Powered Gaming And Content
Autonomous driving technology company TuSimple Holdings Inc. has rebranded as CreateAI, marking its strategic shift toward gaming and animation powered by artificial intelligence. The company, which has partnered with Nvidia Corp. for self-driving technology, announced the transformation on Wednesday.
Palantir's Alex Karp Embraces 'Cult' Status, Complains About The Missing Perks As Stock Soars 350%
Palantir Technologies Inc. CEO Alex Karp welcomed praise from billionaire investor Stanley Druckenmiller during JPMorgan's Asset Managers CEO Forum in December, as the data analytics company's stock continues its remarkable ascent.
Jim Cramer Signals Potential Bottom For Nvidia At $127 After Predicting 'Vicious' Reversal Earlier
Jim Cramer suggested on Tuesday that NVIDIA Corp. may have reached a key turning point after the stock touched $127, potentially signaling a bottom for the semiconductor giant's recent pullback.
Salesforce Plans Hiring Spree To Sell AI That Cuts Hiring Time And Boosts Sales Productivity
Salesforce plans to hire 2,000 people to sell its artificial intelligence products, doubling its previous hiring target announced last month, as the cloud software giant sees strong demand for its enterprise AI solutions.

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