Articles written by Namrata Sen - Benzinga

California Overtakes Japan To Become World's Fourth-Largest Economy: Progress Threatened By 'Reckless Tariff Policies,' Says Gavin Newsom

California has surpassed Japan to become the world's fourth-largest economy, as confirmed by Governor Gavin Newsom.

US Treasury Hits Record $15 Billion In Customs And Excise Tax Haul Amid Trump's Trade Policies

The U.S. Treasury has reported a record-breaking collection in customs and certain excise taxes, as per the Daily Treasury Statement released on April 22.

Shoes, Toys, Apparel And Earbuds May Disappear From Shelves First As US-China Trade War Disrupts Supply Chains, Retail Experts Warn

The U.S. retail sector is facing potential shortages in key consumer product areas as the ongoing trade war with China leads to a decrease in manufacturing orders and freight bookings, pushing the national supply chain towards a critical point.

Deutsche Bank Warns Of $800 Billion Corporate Tax Surge, Cuts S&P 500 Outlook Amid Trump Tariff Concerns

Deutsche Bank has revised its forecast for the S&P 500, attributing the change to potential harm to corporate earnings caused by tariff policies.

US Has 'Tons Of Solutions' To Secure Rare Earth Production If China Halts Exports, Experts Say, But Warn Of Significant Challenges

The United States can explore multiple options to establish a domestic supply chain for rare earths within the next five years to replace China's global monopoly. However, industry experts warn that the process is fraught with challenges.

Mark Zuckerberg's Meta Lays Off Unspecified Number Of Employees At Its Reality Labs Division: Report

Meta Platforms Inc. (NASDAQ: META) has laid off employees within its Reality Labs division, the unit responsible for the development of virtual and augmented reality technologies.

Trump Says He May Deserve A Nobel Peace Prize For This Reason

U.S. President Donald Trump hinted that his contribution to the Abraham Accords could potentially make him a worthy contender for the Nobel Peace Prize.

California Overtakes Japan To Become World's Fourth-Largest Economy: Progress Threatened By 'Reckless Tariff Policies,' Says Gavin Newsom

California has surpassed Japan to become the world's fourth-largest economy, as confirmed by Governor Gavin Newsom.

Amazon, Nvidia Dismiss Fears Of AI Data Center 'Pullback': 'We Continue To See Very Strong Demand'

Despite recession fears and market speculation, tech giants Amazon (NASDAQ: AMZN) and Nvidia (NASDAQ: NVDA) insist that the demand for artificial intelligence data centers remains robust.

'Trump 2028' Merchandise Hits Online Store Despite Constitutional Ban On Third Term Presidency

Donald Trump's online store has begun selling merchandise branded with "Trump 2028", a year when he is constitutionally prohibited from running for the U.S. presidency.

Elon Musk's Wealth Skyrockets By Billions As Tesla Stock Rallies After Billionaire CEO Steps Back From DOGE

The net worth of Elon Musk witnessed a staggering increase of $7.5 billion on Wednesday as shares of Tesla Inc. (NASDAQ: TSLA) experienced a 5% rally.

US Treasury Hits Record $15 Billion In Customs And Excise Tax Haul Amid Trump's Trade Policies

The U.S. Treasury has reported a record-breaking collection in customs and certain excise taxes, as per the Daily Treasury Statement released on April 22.

Tesla's Robotaxi Launch In June Will Likely Be A 'Non-Event,' Says Gary Black: 'This Isn't Really A Test Market. It's An Experiment'

Noted investor Garry Black has expressed skepticism about the upcoming launch of Tesla Inc. (NASDAQ: TSLA)'s robotaxi service in Austin, describing it as an "experiment" rather than a market test.

Kevin O'Leary Outlines 'Witches' Brew' Strategy To Counter Market Volatility: 'Need More Than Just The Jawboning 18-Paper Deals'

Kevin O'Leary, Chairman of O'Leary Ventures, has proposed a three-part plan to help stabilize markets amid ongoing volatility.

Elon Musk's Wealth Skyrockets By Billions As Tesla Stock Rallies After Billionaire CEO Steps Back From DOGE

The net worth of Elon Musk witnessed a staggering increase of $7.5 billion on Wednesday as shares of Tesla Inc. (NASDAQ: TSLA) experienced a 5% rally.

AAPL Stock Faces Analyst Downgrades On Looming Tariffs, Supply Chain Pressures: 'A Lose-Lose Choice'

UBS analyst David Vogt has adjusted the price target for Apple Inc. (NASDAQ: AAPL) shares, lowering it from $236 to $210, while retaining a Neutral rating. This adjustment has been made in anticipation of widespread tariffs.

China Denies Trump's Trade Talk Assertion, Calls For Abolition Of 'Unilateral Tariffs': 'No Factual Basis'

China Refutes Trump's Claims Of Ongoing US Trade Talks, Calls For Abolition Of 'Unilateral Tariffs': 'No Factual Basis'

GOP Megadonor Ken Griffin Urges Investors To 'Tread Water And Not Drown' Amid 'Nonsensical' Trade Policies: 'We Put That Brand At Risk'

Ken Griffin, founder of Citadel hedge fund, has expressed concern over the swift contraction of the market and the deterioration of the U.S.'s global financial standing, attributing these issues to the ongoing trade war.

US Pressures India To Open Its $125 Billion E-commerce Market To Amazon, Walmart: Report

To gain full access to India's $125 billion ecommerce market, the Trump administration is reportedly pushing for the inclusion of online retailers like Amazon and Walmart in the ongoing trade deal negotiations.

JD Vance Finalizes Terms For Trade Deal With India's PM Modi, Says Trump Wants America And India 'To Grow'

Vice President JD Vance announced that the U.S. and India have set the terms for a trade negotiation, reiterating to double bilateral trade to a whopping $500 billion by the end of the decade.