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Stock Market Today: Dow Futures Gain, Nasdaq Drags—ZIM Integrated Shipping, Masimo, Toll Brothers In Focus
Benzinga· 2026-02-17 10:26
Market Overview - U.S. stock futures showed fluctuations following a mixed close on Friday, with major indices experiencing weekly losses: S&P 500 down 1.4%, Dow down 1.2%, and Nasdaq down 2.1% [1][2] Index Performance - Dow Jones increased by 0.02%, S&P 500 decreased by 0.14%, Nasdaq 100 fell by 0.47%, and Russell 2000 dropped by 0.21% [3] Stocks in Focus - ZIM Integrated Shipping Services Ltd. surged by 34.46% after agreeing to be acquired by Hapag-Lloyd for $35.00 per share, totaling approximately $4.2 billion [5] - Ocular Therapeutix Inc. rose by 33.56% ahead of announcing topline data for its Phase 3 trial in wet AMD [6] - Toll Brothers Inc. was down by 0.07%, with analysts expecting earnings of $2.11 per share on revenue of $1.85 billion [7] Analyst Insights - Renowned economist Mohamed El-Erian predicts a "tense tug-of-war" for the U.S. economy in 2026, highlighting a potential decoupling of GDP growth from job creation, which may exacerbate economic inequality [10][11] - El-Erian emphasizes a shift from broad market narratives to a focus on companies that effectively integrate AI, indicating that 2026 will require a recalibration of investment strategies [12]
India's Adani Group To Invest $100 Billion In AI Data Centers Amid Strategic Partnership With Google, Microsoft - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)
Benzinga· 2026-02-17 10:23
Group 1 - Adani Group plans to invest $100 billion in renewable energy-powered, AI-ready data centers by 2035 [1] - The investment is part of a larger vision to create the world's largest integrated data center platform, potentially generating an additional $150 billion by 2035 across various sectors [2] - The announcement was made during the AI Impact Summit in New Delhi, featuring prominent global leaders and technology executives [3] Group 2 - India is becoming a hotspot for AI investment, with significant commitments from major companies [4] - Start-ups like OpenAI and Anthropic are also focusing on India, with OpenAI's CEO highlighting the country's potential as a "full-stack AI leader" [5] - Anthropic reported a doubling of its revenue run-rate in India over the past four months after opening its first office in Bengaluru [5]
Amazon's 9-Day Losing Streak Is Overdone, Says Futurum's David Nicholson, Calling $400 Billion Rout A 'Game Of Chicken' - Amazon.com (NASDAQ:AMZN)
Benzinga· 2026-02-17 10:09
Market Sentiment Vs. RealityAmazon recently faced a historic nine-day losing streak, its longest since 2006, resulting in a staggering $400 billion wipeout in market capitalization.The decline saw shares slide 18.19% in these nine days and 12.23% year-to-date, which was largely triggered by concerns over massive capital expenditure (CapEx) targets for AI infrastructure. However, Nicholson suggests this is a psychological phenomenon rather than a structural failure.“Nothing has fundamentally changed,” Nichol ...
Apple Challenges Netflix, YouTube And Spotify With New Video Podcasting Feature - Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG)
Benzinga· 2026-02-17 09:32
Group 1 - Apple Inc. plans to launch a new integrated video podcast experience on its Apple Podcasts app in the spring [1] - This development aligns with Apple's strategy to enhance its streaming segment, following the success of its series "Severance" on Apple TV [2] - The new podcasting feature could add another dimension to Apple's content offerings and strengthen its position in the streaming market [2] Group 2 - Benzinga's Edge Rankings place Apple in the 94th percentile for quality and the 51st percentile for momentum, indicating mixed performance [3] - Year-to-date, Apple stock has declined by 5.62%, with a recent drop of 2.27% to close at $255.78 [3]
Anthropic Could Face 'Supply Chain Risk' Tag As Pentagon Weighs Cutting Ties: Report - NVIDIA (NASDAQ:NVDA), Palantir Technologies (NASDAQ:PLTR)
Benzinga· 2026-02-17 09:25
Core Viewpoint - The Department of War's relationship with AI firm Anthropic is under scrutiny, with potential implications for its future collaboration and the broader defense supply chain [2][3]. Group 1: Pentagon's Concerns - The Pentagon is considering labeling Anthropic as a "supply chain risk," which would complicate relationships with other companies working with the Department of War [2][3]. - A high-ranking Pentagon official indicated that disentangling from the arrangement with Anthropic would be challenging and that the company would face consequences for this situation [2]. Group 2: Anthropic's Position - Anthropic is willing to relax its terms of use but insists on preventing its AI tools from being used for mass surveillance or developing autonomous weapons, which the Pentagon finds too restrictive [3]. - The Pentagon contract with Anthropic is valued at up to $200 million, representing a small portion of the company's $14 billion annual revenue [5].
Why ZIM Integrated Shipping Shares Are Trading Higher By Around 38%; Here Are 20 Stocks Moving Premarket - AIOS Tech Inc. - Class A Common Shares (NASDAQ:AIOS), Compass Pathways (NASDAQ:CMPS)
Benzinga· 2026-02-17 09:21
To add Benzinga News as your preferred source on Google, click here .Here are some other stocks moving in pre-market trading.Shares of ZIM Integrated Shipping Services Ltd (NYSE:ZIM) rose sharply in pre-market trading after the company agreed to be acquired by Hapag-Lloyd for $35.00 per share in cash at aggregate cash consideration of approximately $4.2 billion. ...
Tesla Owner Says FSD Tried To Drive Into Lake — Calls Issue 'Repeatable'
Benzinga· 2026-02-17 08:38
A Tesla Inc. (NASDAQ:TSLA) owner has claimed that the company's Full Self-Driving (FSD) system drove onto a boat ramp on a lake before he intervened and stopped.FSD Trouble?On Sunday, Daniel Milligan shared a video on the social media platform X, tagging Elon Musk as well as Tesla's VP of AI, Ashok Elluswamy, sharing that his Tesla vehicle "tried to drive" Milligan into a lake. Milligan then said that the car was running FSD's version 14.2.2.4.Milligan then quoted his video with an update, sharing that the ...
Jim Cramer Says Google's Gemini Messes Up His Location Even As Jensen Huang Said It's 90% Correct: 'Will Grow More Confident As We Close The Gap' - Alphabet (NASDAQ:GOOGL)
Benzinga· 2026-02-17 08:11
Group 1 - The core viewpoint is that while AI technology shows promise, it still struggles with accuracy, particularly in high-stakes environments, which undermines professional trust [1][2][5] - Nvidia CEO Jensen Huang indicated that current AI accuracy is around 90%, but the remaining 10% creates a significant gap for reliability in critical applications [2][3] - Cramer expressed skepticism about the readiness of AI models like Gemini and Claude for professional use, questioning their reliability in industries requiring precision [5][6] Group 2 - Cramer highlighted that AI is effective for tasks like summarizing and analyzing stock histories, but it is not yet dependable for critical decision-making [6] - As of the latest market data, the Dow Jones index has increased by 2.31% year-to-date, while the S&P 500 has decreased by 0.33%, and the Nasdaq Composite index has fallen by 2.97% in 2026 [6]
Trump Says Inflation Is 'Way Down' After It Cools To 2.4%—Calls Markets 'Way Up' Despite Choppy Early 2026 Action - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
Benzinga· 2026-02-17 07:31
Economic Overview - The annual inflation rate decreased to 2.4% in January 2026, down from 2.7% in December, marking the lowest inflation rate since May 2025 [2] - Energy costs contributed to this decline, with gasoline prices falling by 3.2% over the month, although airline fares increased by 6.5% and shelter costs rose by 0.2% [3] Market Performance - The Dow Jones Industrial Average has gained 2.31% year-to-date, reflecting a positive outlook for the stock market and personal savings [4] - In contrast, the tech-heavy Nasdaq Composite has declined by 2.97% so far this year, while the S&P 500 is down 0.33% [4] Crime and Safety - Reports indicate a nearly 20% drop in homicides across major cities, reaching levels not seen in over a century, supporting claims of a significant reduction in crime [5]
Steak 'N Shake Says Bitcoin Caused Sales To Rise 'Dramatically' And The Coins Are Flowing To Strategic Reserve That Funds Staff Bonuses - Biglari Holdings (NYSE:BH)
Benzinga· 2026-02-17 07:31
Core Insights - Steak 'n Shake, owned by Biglari Holdings, reported a significant increase in same-store sales following the acceptance of Bitcoin payments, highlighting the "transformative power" of Bitcoin in enhancing business performance [1][2]. Group 1: Sales Performance - The fast food chain noted that its same-store sales have risen dramatically since the launch of Bitcoin payments nine months ago [2]. - The integration of Bitcoin into operations has been a key factor in driving sales growth [2]. Group 2: Employee Incentives - All Bitcoin sales are directed into a Strategic Bitcoin Reserve, which is utilized to fund employee bonuses [3]. - The company has introduced a BTC bonus for hourly employees at company-operated restaurants, which can be collected after a two-year vesting period [3]. Group 3: Market Performance - As of the latest data, Bitcoin was trading at $88,811.53, reflecting a slight increase of 0.12% over the last 24 hours [4]. - Biglari Holdings' shares closed at $396.75, down 0.48% on the previous trading day, but have increased by 19.35% year-to-date, indicating a strong price trend [4].