Benzinga

What happened: A new report indicates Amazon.com Inc. (NASDAQ: AMZN) needs to invest billions of dollars into the expansion of its warehouse and delivery system to keep up with consumer demand. Reuters reports the online retailer is running out of space and available labor. Amazon has almost doubled its network...

Sam Bankman-Fried’s FTX sports, which has signed a five-year deal as the official crypto exchange brand of Major League Baseball (MLB), has announced a new competition dubbed “MLB MOONBLASTS Pick ‘Em,” the Coindesk reports. According to the competition, the winner will receive $100,000 worth of bitcoin or cash if they...

What happened: The U.S. Senate is holding a rare Saturday session today as negotiators attempt to finalize the text on $550 billion in new spending, part of a $1 trillion infrastructure bill. Bipartisan negotiators are discussing the details of additional funding for the nation’s roads, bridges, and airports. This comes...

Chinese government officials are announcing plans to continue a crackdown on cryptocurrency trading and speculation. What happened: In a statement released on Saturday, the People’s Bank of China says it will “maintain high pressure on virtual currency trading hype.” Noting that the central bank has been “severely cracking down on illegal activities of virtual currency” this year and will continue supervising financial platforms operating in the country.

U.S. health authorities have urged Americans who are fully vaccinated against COVID-19 to go back to wearing masks indoors when in public places. What Happened: The Walt Disney Co (NYSE: DIS) has asked its salaried and non-union employees in the U.S. to get vaccinated by the end of September, Reuters reports.

A new research institute called The Psychae Institute was announced on Friday, and will focus on advancing psychedelics research in Australia. The newly-founded research organization plans to launch clinical research into psilocybin, DMT and MDMA, among others molecules. According to The Sydney Morning Herald, the Melbourne-based institute is lifting off...

What happened: Shares of the world’s large produce company slid by over 9% on Friday after debuting on the New York Stock Exchange. Dole (NYSE: DOLE) opened for trading at $15, at an implied market value of approximately $1.5 billion, which was below the initial public offering of $16. The stock closed at $14.50 on Friday, giving the company a market valuation of $1.35 billion. “The timing was what it was, the valuation is what it is,” said Chief Executive Officer Rory Byrne in an interview.

Video games and mobile games have risen in popularity over the years. The industry has also seen a rise in the amount spent through in-game purchases. This leaves the unlikely question of what happens to your video game account and the purchases after you die. A new patent could reveal the answer.

According to Bloomberg, the Short ARKK ETF would track the inverse performance of Cathie Wood’s $23 billion Ark Innovation ETF (NYSEARCA: ARKK) through swaps. As per the Securities and Exchange Commission filing, the fund would trade under the ticker SARK and charge a 0.75% operating expense. Post-launch, the SARK would...

Elon Musk has amassed more than 58 million followers on Twitter Inc (NYSE: TWTR). The well-known Tesla Inc (NASDAQ: TSLA) CEO is active on the social media platform and in 2018 tweeted something that got him and his company in trouble while also putting a bigger spotlight on the electric vehicle company.

Bitcoin (CRYPTO: BTC) has reached the levels not seen since May, trading 5% higher over 24 hours at $41,934.18. What’s Moving: The apex cryptocurrency reached as high as $42,235.55 an hour before press time. It is up 25% for the week. Ethereum (CRYPTO: ETH) is trading 2.1% higher over 24...

Apple Inc (NASDAQ: AAPL) is locked in a legal battle with video game developer Epic over the former's restrictive practices in its App Store and the 30% commission its charges for each purchase made on its App Store. Musk Leaps to Epic's Defence: Tesla Inc.'s (NASDAQ: TSLA) opinionated CEO Elon...

On CNBC's "Fast Money Halftime Report," Shannon Saccocia picked salesforce.com, inc. (NYSE: CRM) as her final trade. The company is going to report earnings in few weeks and Saccocia expects a good report. Rob Sechan is a buyer of Canadian Natural Resources Ltd (NYSE: CNQ). Its breakeven for crude oil...

Tesla Inc (NASDAQ:TSLA) has sped over 11% higher after tumbling over 5% lower on earnings and putting in a bottom at the $627 mark. On Thursday, Benzinga Pro alerted its users Tesla had filed a patent that would allow it to recover and recycle nickel and cobalt from old lithium-ion EV batteries.

Entrepreneur Gary Vaynerchuk, better known as Gary Vee, has been a vocal supporter of the growth of the NFT market for several years. Vee made a large purchase on Friday of one of the most well-known non-fungible token series. What Happened: Vee purchased CryptoPunk #2140 for $3,764,576 according to a...

Shares of Middlesex Water (NASDAQ:MSEX) moved higher by 0.5% in after-market trading after the company reported Q2 results. Earnings per share were up 12.73% over the past year to $0.62, which beat the estimate of $0.58. Revenue of $36,701,000 up by 4.04% year over year, which beat the estimate of...

U.S. indices were trading lower as Amazon.com, Inc. (NASDAQ:AMZN) fell following earnings and as COVID-19 delta variant concerns continue to drive market uncertainty. The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) closed lower by 0.52% to $364.57. The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) lost 0.38% to $349.48. The...