Benzinga

Tom Sosnoff (@Tomunderwater) and Adam Mesh (@adammesh) discussed why markets may prefer a split government on The Drift. Sosnoff says checks and balances can create more “slop,” an environment he believes has historically been better for markets.

Michael Burry Says Anthropic’s IPO Filing Has a Lot, but ‘Nothing That Changes’ His View: Big Short Investor Calls Out ‘Slowing’ Revenue Growth.

Steve Jobs Thought They Were ‘Ergonomically Terrible,’ but Apple Is Reportedly Betting You’ll Pay a Premium for the Touchscreen MacBook Pro.

Nancy Pelosi Blames Trump’s 'Big Ugly Bill' for Gutting Medicaid and SNAP, Says 'Republicans Shattered Our Economy'

Trump's 'Close Friend' Byron Donalds Is Crypto Punters' Favorite to Succeed Ron DeSantis as Florida Governor.

Elon Musk Says Tesla Robotaxi Expansion to Miami, Tampa Beaches Is ‘Coming Soon’ After Ron DeSantis’ Call for Expansion.

Ted Lieu Says GOP’s 'Deep Red' State Campaign Blitz Signals Midterm Trouble for Republicans Despite Potential Polling Error.

Apple Is Breaking Away From Big Tech in a Way Wall Street Has Rarely Seen: ‘Unprecedented’

Trump Energy Secretary Chris Wright says the U.S. could allow more Russian diesel shipments if Moscow moves toward ending the war in Ukraine. He described sanctions relief as “trying to put a carrot in front of Russia.”

Kevin O'Leary Warns Investors Could Get 'Slaughtered' by Ignoring Diversification, Shares His 5% Stock and 20% Sector Rule.

Mark Cuban said raising the federal minimum wage to $20 would be a smart policy, arguing that stronger wages can improve workers’ financial security and reduce dependence on government assistance. Cuban said his view was shaped partly by personal experience after discovering that employees at a company he invested in needed public assistance. He said he was embarrassed by the situation and pushed for workers to receive raises. His broader economic philosophy centers on what he calls “trickle up” rather than trickle-down economics, which he dismissed as ineffective. Under Cuban’s approach, higher wages and greater opportunities for workers to build ownership and wealth can strengthen the economy from the bottom up. He also criticized “eat the rich” rhetoric, arguing that attacking successful people may be politically useful but does little to solve the underlying problems facing workers. Cuban defended entrepreneurs as well, noting that many founders take significant financial risks, accumulate debt and spend years struggling without ever becoming wealthy. He emphasized the importance of small businesses to employment and economic growth, while arguing that successful entrepreneurs often reinvest their wealth by hiring workers, raising wages, funding education and backing new businesses. Cuban’s broader message is that economic policy should focus less on demonizing wealth and more on creating higher wages, ownership opportunities and conditions that allow workers and entrepreneurs to build financial security.

Jeff Bezos Just Got a New Boost in His Rivalry With Elon Musk — Amazon Wins FCC Approval for $11.5 Billion Globalstar Deal to Expand Satellite Connectivity.

Sen. Richard Blumenthal (@SenBlumenthal) is criticizing Google ($GOOGL) for pushing AI deeper into classrooms. He says the company is “putting profits over people” and warns students’ academic and emotional well-being could suffer.

Real estate investor Grant Cardone argues that buying a primary residence is a poor investment because homeowners continue paying costs even after the mortgage disappears. Cardone said a home typically does not generate cash flow while the owner lives in it and still requires ongoing property taxes, insurance and maintenance. “Even when the loan is paid, you don’t own it,” Cardone said, pointing to recurring expenses that continue indefinitely. He argues that homeowners often become emotionally attached to the idea of ownership and overlook the financial structure of the arrangement. Cardone described homeowners as effectively being “a partner” with the state because property taxes remain due regardless of whether the mortgage has been paid off. His recommendation for the average household is straightforward: rent the home you live in rather than buying it. Cardone’s broader philosophy favors putting capital into income-producing real estate rather than tying money up in a primary residence that does not generate revenue. The argument focuses on opportunity cost and cash flow rather than whether homeowners legally own their properties. His view is that housing should be treated as an expense, while investment capital should be directed toward assets capable of producing income.

Seagate ($STX) says the data storage crunch is getting worse as cloud demand accelerates. CEO Dave Mosley says “absolutely everything” the company can produce beyond plan is already spoken for, with billions of AI agents expected to drive the next wave of storage demand.

Cathie Wood Predicts Oil Crashing to $30-$35 a Barrel as EVs Take Over Transportation: Says Demand Is 'Peaking’

Why Musk Slept Under His Desk...😴

Elon Musk (@elonmusk) says SpaceX ($SPCX) could eventually launch 10,000 Starships per year from Starbase Louisiana alone. The planned $100B facility could support more than 30 launches per day, with operations targeted for around 2029.

Apple ($AAPL) has the most loyal smartphone users in the U.S., with 92% of iPhone owners saying they’re likely to stick with the brand for their next phone.

Top 3 Utilities Stocks That Are Set To Fly This Quarter.

Sen. Mark Kelly (D-Ariz.) said working families are “getting left behind” and called for political change in Washington ahead of the Nov. 3 midterm elections. Kelly said he has traveled across 17 states campaigning for candidates and hearing directly from voters about concerns over affordability and economic conditions. “We need change in Washington,” Kelly said, arguing that working families deserve leaders who prioritize their interests rather than primarily serving wealthy Americans. During an appearance on “The View,” Kelly framed the midterms as being less about President Donald Trump personally and more about voters looking for solutions to their everyday problems. “This isn’t about Trump. It’s about the American people,” Kelly said, adding that voters want answers that he believes the current administration is not providing. Economic affordability has become a major theme ahead of the elections, with Democrats including Bernie Sanders and Elizabeth Warren focusing on wages, inequality and the impact of rising living costs. Republicans have countered by highlighting tax cuts and family-focused provisions while arguing that government spending and other policies have contributed to inflation. Kelly’s comments reflect the broader economic battle shaping the midterms, with both parties competing to convince working-class voters that their policies offer the stronger response to higher costs and financial pressure.