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Dow Dips Over 250 Points Amid US-Iran Tensions: Investor Sentiment Declines, Greed Index Remains In 'Fear' Zone - Booking Holdings (NASDAQ:BKNG)
Benzinga· 2026-02-20 07:51
The CNN Money Fear and Greed index showed an increase in the overall fear level, while the index remained in the “Fear” zone on Thursday.U.S. stocks settled lower on Thursday, with the Dow Jones index falling more than 250 points during the session after President Donald Trump stopped short of ruling out a potential military intervention in Iran.On the economic data front, the U.S. trade deficit increased to $70.3 billion in December from $53 billion in the previous month, compared to market estimates of a ...
Amazon Edges Past Walmart To Take Fortune 500 Crown For The First Time In 13 Years - Amazon.com (NASDAQ:AMZN), Costco Wholesale (NASDAQ:COST)
Benzinga· 2026-02-20 07:41
Group 1: Amazon's Market Position - Amazon has overtaken Walmart to become the top company in the Fortune 500 list for the first time in 13 years, with a total revenue of $716.9 billion compared to Walmart's $713.2 billion, which saw a 4.7% increase from the previous year [1] - In 2010, Amazon's revenue was only $34.2 billion, while Walmart's was $422 billion, highlighting the significant growth Amazon has experienced, particularly during the pandemic [2] Group 2: Amazon's Retail Strategy - Amazon is focusing on expanding its same-day online delivery service and plans to open over 100 new Whole Foods stores in the coming years [2] Group 3: AWS Contribution - Amazon Web Services (AWS) reported $45.6 billion in operating income on $128.7 billion in revenue for 2025, marking a 20% year-over-year increase, and while it contributes less than 20% of Amazon's total revenue, it accounts for over half of the company's operating profit [3] Group 4: Walmart's Adaptation - Walmart is adapting to changing consumer patterns, with U.S. e-commerce growing 27% year-on-year and global online sales up 24%, making e-commerce 23% of Walmart's U.S. sales, a record high [4] - Walmart is investing in AI-driven shopping, partnering with OpenAI for in-app browsing and checkout within ChatGPT, and has introduced its own generative AI assistant, Sparky, for personalized shopping support [5] Group 5: Stock Performance - Year-to-date, Walmart's stock has increased by 10.74%, while Amazon's stock has declined by 9.55% amid a broader tech sell-off [6]
Nvidia Pivots To $30 Billion Direct Stake In OpenAI, Decoupling From $100B Milestone Plan As Sam Altman Hopes To Remain 'Gigantic Customer' - NVIDIA (NASDAQ:NVDA)
Benzinga· 2026-02-20 02:55
Nvidia Corp. (NASDAQ:NVDA) has entered the final stages of a landmark $30 billion equity investment in OpenAI, effectively replacing a massive $100 billion infrastructure agreement that had been the subject of intense market speculation.A Strategic DecouplingThe $30 billion deal, confirmed by sources close to the negotiations, marks a significant pivot from the “non-binding” letter of intent signed in September 2025.That original plan contemplated a $100 billion investment tied to the deployment of 10 gigaw ...
Amazon Denied Immunity In Sodium Nitrite Suicide Lawsuits: Supreme Court Shifts Burden Of 'Foreseeability' To Online Retailers - Amazon.com (NASDAQ:AMZN)
Benzinga· 2026-02-20 02:36
In a unanimous landmark decision on Thursday, the Washington Supreme Court ruled that Amazon.com Inc. (NASDAQ:AMZN) must face negligence lawsuits brought by families whose relatives died by suicide using sodium nitrite purchased on the platform.A Duty Of CareThe 9-0 ruling reverses a lower court decision, effectively stripping the retail giant of its legal immunity in cases where its marketplace is used to distribute lethal substances, reported Reuters.The high court rejected the long-standing legal argumen ...
Cathie Wood Bets $25 Million On Figma After AI-Powered Earnings Beat - Figma (NYSE:FIG)
Benzinga· 2026-02-20 02:05
On Thursday, Cathie Wood-led Ark Invest made significant trades, with a notable purchase of Figma Inc (NYSE:FIG) shares.The Figma TradeARK Innovation ETF (BATS:ARKK)  and ARK Next Generation Internet ETF (BATS:ARKW) acquired a substantial number of Figma shares. The purchase amounted to 964,342 shares in total, with 823,965 shares bought by ARKK and 140,377 shares by ARKW. At the closing price of $25.86, this acquisition is valued at approximately $24.93 million.Other Key Trades:Benzinga Edge Stock Rankings ...
Bitcoin, Ethereum, XRP, Dogecoin Flat As Iran Tensions Rise: Analyst Identifies 'Resistance To Clear' For A BTC 'Breakout' - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)
Benzinga· 2026-02-20 01:59
Leading cryptocurrencies moved sideways on Thursday, while commodities gained as President Donald Trump weighed a military attack on Iran.Crypto Market LanguishesBitcoin extended its sideways movement as trading volumes stayed subdued. Ethereum meandered in the high $1,900s region, awaiting a decisive breakout above $2,000.Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR)   and Coinbase Global Inc. (NASDAQ:COIN) , closed up 3.39% and 1.15%, respectively.Over $160 million was ...
Meta Slashes Employee Equity For Second Year As Mark Zuckerberg-Led Tech Giant Gears Up To Fund Mega $135 Billion 'Superintelligence' Infrastructure - Meta Platforms (NASDAQ:META)
Benzinga· 2026-02-20 01:42
Meta Platforms Inc. (NASDAQ:META) has reduced annual stock awards for the majority of its workforce by approximately 5%, marking the second consecutive year of equity cuts as the company reallocates billions toward Artificial Intelligence.Funding The AI Arms RaceThe move of slashing stock awards comes as CEO Mark Zuckerberg prepares for a massive infrastructure expansion, with 2026 capital expenditure projected to reach a record-high range of $115 billion to $135 billion.The reduction in employee compensati ...
World's Largest Gold Miner Newmont Reports Q4 Earnings: Details - Newmont (NYSE:NEM)
Benzinga· 2026-02-19 22:17
Core Insights - Newmont reported quarterly earnings of $2.52 per share, exceeding the consensus estimate of $2 by 25.94% [2] - Quarterly revenue reached $6.82 billion, surpassing the analyst consensus estimate of $6.16 billion and increasing from $5.65 billion in the same period last year [2] - The company achieved record free cash flow of $7.3 billion and generated $3.6 billion from portfolio optimization [3] Financial Performance - Newmont returned $3.4 billion to shareholders and reduced debt by $3.4 billion, ending the year with a strong net cash position [3] - The stock price of Newmont rose 0.85% to $126.47 in extended trading [3] Production and Guidance - The CEO highlighted that 2025 was a milestone year for Newmont, as the company delivered on its full-year guidance and made significant progress on its commitments [2]
World's Largest Gold Miner Newmont Reports Q4 Earnings: Details
Benzinga· 2026-02-19 22:17
Core Insights - Newmont reported quarterly earnings of $2.52 per share, exceeding the consensus estimate of $2 by 25.94% [2] - Quarterly revenue reached $6.82 billion, surpassing the analyst consensus estimate of $6.16 billion and increasing from $5.65 billion in the same period last year [2] - The company achieved a record $7.3 billion in free cash flow and generated $3.6 billion from portfolio optimization [3] Financial Performance - Newmont returned $3.4 billion to shareholders and reduced debt by $3.4 billion [3] - The company closed the year with a strong net cash position [3] Production and Guidance - Newmont's CEO highlighted that 2025 was a milestone year, as the company delivered on its full-year guidance and strengthened its financial position [2]
Copart Stock Drops After Q2 Earnings: Here's Why
Benzinga· 2026-02-19 22:01
Here's a look at the details from the quarter. CPRT stock is moving. Watch the price action here.Q2 Details Copart reported quarterly earnings of 36 cents per share, which missed the consensus estimate of 40 cents, according to data from Benzinga Pro. Quarterly revenue of $1.12 billion missed the Street estimate of $1.14 billion and was down from $1.16 billion in the same period last year.The company will hold a conference call on Thursday at 5:30 p.m. ET to discuss the results. Expert IdeasCopart stock car ...