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Benzinga, 1 Campus Martius, Detroit, MI (2026)

01/01/2026

Sen. Elizabeth Warren (D-Mass.) is sharpening her critique of President Donald Trump’s economy, deeming it "rigged against hardworking Americans" and one that will require Democrats to fight aggressively to change it.

Warren Presses Democrats On Investment And Grit
On Monday, Warren posted on X, saying, "The economy is rigged against hardworking Americans. We have to fix it. Democrats need to be clear on the kinds of investments that we want to make, how we'll build them, and really fight for them. That's what the American people want and deserve."

The Massachusetts senator urged her party to pair campaign promises with detailed implementation plans and the "fight" to push them through, echoing a message she has delivered for months as she slams what she calls a two-track recovery that favors the wealthy.

Tariffs, Inflation And Rising Cost Pressures
Warren has repeatedly argued that Trump's economic agenda tilts toward billionaires and large corporations through tax cuts and deregulation while driving up everyday expenses. She has blamed his "chaotic tariffs and disastrous economic agenda" for keeping inflation elevated and forcing families to pay more for groceries, electricity and rent, pointing to recent Consumer Price Index data showing continued increases in food and energy costs.

Economists and nonpartisan analysts broadly agree tariffs act like a tax on imports, many of which are passed on to shoppers. The Reuters report in October reported that Trump's sweeping levies have made imported goods several percentage points more expensive and contributed to higher prices for food, furniture and appliances.

Debate Over A Deepening K-Shaped Economy
Progressive critics, including Warren, say those higher costs filter through to utilities, construction materials and rent, deepening what experts describe as a "K-shaped" economy in which the top 10% thrive while many households fall behind.

Trump, by contrast, has used recent strong growth figures to argue the economy is in great shape. He has credited tariffs and his tax law for a third-quarter GDP reading above 4% and recently boasted in a combative Christmas message of a "record stock market," strong 401(k)s and "no inflation," despite government data showing prices remain above the Federal Reserve's 2% target and consumer confidence has weakened.

01/01/2026

Billionaire Elon Musk has hit back at Sen. Bernie Sanders' (I-VT) criticism of his wealth, sharing that his assets primarily comprise Tesla Inc. (NASDAQ:TSLA) and SpaceX shares.

Elon Musk Calls Bernie Sanders A ‘Taker'
Musk took to the social media platform X on Tuesday, sharing that most of his assets are in the form of shares in his two major companies, which only increase in value based on "how much useful product those companies produce and service," he said.

Musk added that his "wealth" can only increase if Tesla and SpaceX produce more goods and services, also outlining that an increase in share value was also beneficial for shareholders, including employees of the company.

He then shared that this was possible because Musk was a "maker" and not a "taker like the Bernie Sanders type politicians of the world," the SpaceX CEO said. He added that politicians like Sanders are "on the take, because they cannot or will not make."

Bernie Sanders' Criticism
The comments come as Sanders has criticized Musk and other billionaires on multiple occasions, urging the federal government to introduce taxation on the wealthy part of society. Sanders has also been a vocal critic of Musk's and the tech industry's AI and Robotics push.

Recently, the lawmaker criticized Musk's and Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates' comments about AI making work redundant for people. "How will people feed their families?” if people had “no income,” Sanders asked.

Elon Musk Says Money Won't Matter
Meanwhile, Musk recently doubled down on his claims about money becoming obsolete in the future, as the billionaire responded to a question posted by a user on social media about the President Donald Trump-branded accounts providing seed capital to children until they turn 18.

Notably, Musk is currently the richest person on the planet, with an estimated net worth of over $733 billion. Musk’s newly approved Tesla CEO pay package, worth over $1 trillion, could also pave the way for him to become the first-ever trillionaire, provided Tesla meets all of the goals/milestones laid out in the compensation award by the Board.

01/01/2026

Elon Musk says X plans to significantly boost creator payouts to outcompete YouTube, a subsidiary of Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, but the world's most subscribed YouTuber is cautioning that matching Google's monetization machine will be a steep climb.

Musk: Pay Creators Or Lose Original Content
Musk weighed in after an X user urged the platform to sharply raise creator payments. "If I were at X or Elon, I'd crank creator payouts way way way way up. maybe even more than YouTube (you can eat the cost to try to win agi)," the user wrote.

The user argued that platforms that meaningfully compensate creators will be the only ones left with credible, original content once large language models finish absorbing much of the internet's existing material.

In response, Musk agreed to move forward with higher payouts, adding a caveat. "Let's do it," Musk wrote, while stressing the need for strict enforcement to prevent manipulation of the system.

He tagged Nikita Bier, the entrepreneur behind Gas and tbh and now X's head of product, signaling that the push could become a core product priority.

MrBeast Pushes Back On YouTube Comparisons
Jimmy Donaldson, known as MrBeast, offered a reality check.

In response to Musk's latest commitment, he said that competing with YouTube on revenue "is going to be really hard."

MrBeast, who has about 457 million subscribers on his main YouTube channel, highlighted the gap X would need to close.

"Competing with YouTube revenue gonna be pretty hard, they're the best platform to ever exist at this. I've done 9 figures in ad revenue on just one channel for example," he wrote.

MrBeast's X Monetization Experiment Shows Big Payouts
In 2024, MrBeast ran a monetization test by posting videos on X that had already been published on YouTube.

One of those uploads generated more than $250,000 on X, driven largely by strong advertiser interest as the video gained traction.

Data shared by MrBeast showed the post received about 156.7 million impressions and produced roughly $263,665 in revenue.

Although users asked how the same video performed financially on YouTube, MrBeast did not disclose specific figures. He has, however, said that the video earned substantially more on YouTube than on X.

MrBeast later distributed the advertising revenue from the X experiment among his followers on the platform.

Since purchasing X for $44 billion, Musk has focused on boosting engagement and expanding revenue-sharing programs for users.

01/01/2026

On Tuesday, Elon Musk said his artificial intelligence startup xAI has acquired a third building as it races to dramatically scale computing power and challenge leading AI rivals.

xAI Adds Third Facility To Scale AI Infrastructure
Musk said that xAI has purchased a third building to expand its AI infrastructure, pushing the company's planned compute capacity toward nearly 2 gigawatts.

"xAI has bought a third building called MACROHARDRR," Musk wrote on X, a name widely seen as a tongue-in-cheek reference to Microsoft Corp (NASDAQ:MSFT), a major backer of OpenAI.

Musk did not disclose the building's exact location. "Will take training compute to almost 2GW," he continued.

The move highlights xAI's aggressive push to train larger and more advanced AI models capable of competing with OpenAI's ChatGPT and Anthropic's Claude.

Colossus Supercomputer Set For Massive GPU Expansion
The new facility is planned outside Memphis, Tennessee, where xAI operates its flagship supercomputer cluster known as Colossus, reported Reuters (via The Information).

The system is already touted as the world's largest AI supercomputer.

According to the report, xAI plans to expand Colossus to house at least 1 million graphics processing units, a scale that would place it among the most powerful AI training systems globally.

The report added that xAI expects to begin converting the newly acquired warehouse into a data center in 2026. Both the new site and a planned "Colossus 2" facility are located near a natural gas power plant that xAI is building, along with access to other energy sources.

Meanwhile, last month, it was reported that xAI is in late-stage discussions to secure $15 billion in fresh equity funding, valuing the company at about $230 billion.

01/01/2026

Investor Ross Ge**er, co-founder of Ge**er Kawasaki, thinks Federal Contracts have been instrumental in Tesla Inc. (NASDAQ:TSLA) and SpaceX's success.

Ge**er Acknowledges The Importance Of Government Contracts
The investor shared his thoughts in a post on the social media platform X on Tuesday, detailing the importance of Federal contracts for Elon Musk's companies. "I love tesla and space X products," Ge**er said in the post. "However it wouldn’t be fair not to include the massive contribution the US government made to help both be successful," the investor shared.

Elon Musk's Federal Contracts, Tax Benefits
Ge**er's claims do hold water, as an investigation by the Washington Post in February this year revealed that Musk's Tesla and SpaceX received over $38 billion in Federal contracts, subsidies, or loans over the past two decades.

It's worth noting that SpaceX was also reportedly a frontrunner in President Donald Trump's Golden Dome missile defense system alongside the likes of Palantir Technologies Inc. (NASDAQ:PLTR). Starlink, SpaceX's satellite internet service provider, also received $119 million in funding from Montana to bring better connectivity to over 20,000 locations in the state.

It's also worth noting that SpaceX has paid minimal income taxes to the federal government by utilizing a legal tax benefit that allows it to offset future taxable income using more than $5 billion in losses incurred by the end of 2021. The benefit has saved SpaceX over $3 billion.

Most recently, xAI, Musk's artificial intelligence company, secured a deal with the Pentagon to deploy the AI model Grok for military and civilian use. Tesla's sales also received a major boost due to the government-backed $7,500 Federal EV Credit, which was scrapped by Trump on October 1st this year.

Elon Musk Slams Bernie Sanders
The Tesla CEO has also slammed Sen. Bernie Sanders (I-VT), calling the senator a "taker," and adding that most of Musk's assets are in the form of shares in his two major companies, Tesla and SpaceX, which only increase in value based on providing better goods and services to consumers.

01/01/2026

Gov. Tim Walz (D-Minn.) emphasized the state's aggressive efforts to combat fraud while calling out federal failures under President Donald Trump that have allowed pandemic-era scamsters to escape accountability.

Minnesota Fraud Crackdown Intensifies With New Leadership
On Monday, Walz posted on X while sharing a Minnesota Star Tribune op-ed, writing: "We've spent years cracking down on fraud – referring cases to law enforcement, shutting down and auditing high-risk programs."

He added, "Trump keeps letting fraudsters out of prison."

The op-ed detailed the appointment of Tim O'Malley as Director of Program Integrity.

O'Malley, a former FBI agent, judge, and criminal justice official, will lead efforts to detect fraud across state programs.

Walz highlighted the creation of specialized law enforcement units, audits of high-risk programs, and new checks and balances to protect taxpayer dollars.

"The buck stops with me, and my focus now is on ensuring that not a single dollar falls into the wrong hands," Walz wrote.

Federal Pandemic Relief Fraud And Trump Pardons Draw Criticism
The governor also stressed that pandemic-era federal programs, including Medicaid and COVID relief funds, were designed for rapid distribution, which inadvertently created opportunities for fraud.

He noted that other states faced similar challenges and criticized the Trump administration for pardoning individuals responsible for multi-million-dollar fraud.

"What is not helpful is the president of the United States demonizing an entire community or pardoning someone single-handedly responsible for $1.6 billion in fraud," he said.

Walz accused President Trump of politicizing fraud investigations to undermine programs that assist Minnesotans.

He stated that Minnesota has spent years cracking down on fraud, but Trump's "long game" aims to defund these essential programs.

Minnesota PPP Fraud Investigation Sparks National Criticism
On Monday, the Small Business Administration paused all grant funding to Minnesota amid an investigation into $430 million in suspected Paycheck Protection Program fraud, calling it one of the largest state-level cases in U.S. history.

SBA Administrator Kelly Loeffler cited oversight failures under Walz and pledged to stop "blank checks to fraudsters."

The probe followed reporting by YouTuber Nick Shirley, who documented millions in misused federal aid, and conservative activist Benny Johnson said the SBA uncovered half a billion dollars in fraud within days.

On Tuesday, Bill Ackman questioned why federal childcare funds went to Somali immigrant families, many on welfare.

Tom Emmer (R-Minn.) criticized Walz, accusing him of embarrassing Minnesota and mismanaging $9 billion of taxpayer funds.

He called the situation a betrayal of public trust and demanded accountability, including Walz's resignation, arguing that Minnesotans deserve leaders who safeguard their money.

Vice President JD Vance praised the pause and verification measures as a crucial step to prevent fraud and commended federal officials for their work.

01/01/2026

Kevin O'Leary says that if he had no money and just 30 days to earn $10,000, he wouldn't chase a startup idea—he'd monetize a basic social media skill most businesses still struggle to use.

O'Leary's $0-To-$10,000 Side Hustle Blueprint
The "Shark Tank" investor shared the strategy this week on X, arguing that customer acquisition through short-form video is one of the fastest ways to generate income with no upfront capital.

O'Leary said the plan hinges on offering businesses a results-based deal rather than traditional marketing services.

"If I woke up with zero dollars and had to make $10,000 in 30 days, I'd do one thing," O'Leary wrote. "Sell customer acquisition with social media."

Why Short-Form Video Is The Key
In a video accompanying the post, O'Leary explained that anyone who knows how to shoot, edit and post videos using a smartphone already has a marketable skill.

Many small business owners, he said, still don't understand how to effectively use platforms like Meta Platforms, Inc.'s Instagram, ByteDance-owned TikTok or Elon Musk's X to drive sales.

He suggested approaching businesses with a simple offer: create and post social media content and get paid per customer acquired—only when an actual sale occurs.

"If you know how to edit video and you know how to post it on social media, you can acquire customers and I simply say to them, for every customer I acquire for you, pay me 100 dollars and that means a buying customer, someone that actually bought a product or service," he said in the video.

Performance-Based Marketing Over Traditional Ads
O'Leary highlighted that this approach shifts risk away from business owners, who are often hesitant to spend on ads with uncertain returns.

By tying compensation directly to sales, creators can build trust quickly and scale income by working with multiple clients.

At $100 per converted customer, reaching $10,000 would require just 100 sales—roughly three to four per day over a month.

He called social media content creation one of the most powerful income opportunities available today, particularly for people who grew up using smartphones.

Kevin O'Leary's Wealth Secrets
O’Leary, also known as “Mr. Wonderful,” currently has a net worth of $400 million. He earlier also noted that although producing digital content has never been more affordable, the true cost—and real value—comes from the skill and talent driving it.

The investor previously also spoke about the reason many people struggle financially, saying that the first step to building wealth is learning to resist daily spending temptations.

He contended that society encourages consumers to spend on items that offer temporary pleasure while undermining long-term financial stability.

U.S. consumers increased their credit and debit card spending in October, recording the fastest annual growth in card usage since early 2024, according to recent data from the Bank of America Institute.

01/01/2026

On the final trading day of the year, legendary investor Warren Buffett is set to close one of the most remarkable leadership chapters in corporate history, marking his last day as chief executive of Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) after more than 55 years at the helm.

Buffett’s Jaw-Dropping Performance
Buffett took control of the struggling textile maker in 1965, when Berkshire’s shares traded around $19, before assuming the role of CEO in 1970. As he prepares to step aside nearly six decades later, the stock now changes hands at $755,400, a staggering 3,975,690% gain over this period.

This represents a compounded annual growth rate of 19.3%, which is more than double the S&P 500’s 7.55% CAGR over the same period.

In other words, $100 invested in Berkshire when Buffett took over more than half a century ago would now be worth $3.96 million compounded annually. The same when invested in the S&P 500, at around the same time, would now be worth just $7,881.

Buffett’s career is a testament to the kind of wealth that can be created with consistent and disciplined investing, compounded over long periods.

What’s Next For Berkshire Hathaway?
At 95, Buffett leaves Berkshire a financial fortress worth $1.08 trillion, with $381.67 billion in cash on its books and $127.24 billion in debt.

It is now a sprawling global conglomerate spanning insurance, railroads, utilities, manufacturing, consumer brands and one of the largest public equity portfolios in the world. The company now owns Geico, BNSF Railway, Berkshire Hathaway Energy, Precision Castparts, Dairy Queen, See's Candies.

Its public equity portfolio includes significant stakes in companies such as Apple, American Express, Coca-Cola, Bank of America and UnitedHealth Group.

The company’s Vice Chairman, Greg Abel, is set to succeed Buffett as CEO, starting on Jan. 1, 2026, a decision that was announced during its annual shareholder meeting in May 2025.

Having first entered Berkshire’s sphere in 1999, Abel has served as vice chairman for non-insurance operations since 2018, overseeing the company’s various subsidiaries across railroads, utilities, energy, manufacturing, and retail.

01/01/2026

Amid a Robotaxi push currently taking the tech and automotive industries by storm, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has shared that the EV giant's anticipated Cybercab will scale up production next year.

Production Ramp In 2026
On Tuesday, influencer Sawyer Merritt shared a post on the social media platform X with images of Tesla's Cybercab being produced at one of the company's facilities from a new video released by the automaker detailing the major milestones it reached this year.

Responding to the post, Musk shared that the images from the video were of the production tests. "Just testing the production system. Real production ramp starts in April," the billionaire said in the post.

Tesla's Cybercab, Robotaxi Push
Musk's claim coincides with multiple sightings of the Cybercab, with the prototype having been spotted in Austin. The car was also seen being driven around by a human driver in California.

Meanwhile, Musk shared that he was driven around autonomously in a Tesla Model Y Robotaxi in Austin, inching closer to Musk's end-of-the-year driverless operations goal for the city.

However, as we step into the final day of 2025, Tesla has yet to officially announce the rollout of driverless Robotaxis in Austin at the time of writing this article, which could cast doubts over the operation’s scale within the city.

Tesla Shares Q4 Delivery Estimates
Tesla also recently shared delivery estimates for the fourth quarter of 2025, outlining 423k deliveries, which was lower than the market consensus of 445k deliveries for the quarter.

Investor Gene Munster of Deepwater Asset Management, on the other hand, predicted an even lower 415k deliveries figure for Tesla in the fourth quarter, citing headwinds like policy changes as one of the reasons for the decline.

01/01/2026

Transportation Secretary Sean Duffy has slammed Governor Gavin Newsom (D-Calif.), as well as the Department of Motor Vehicles (DMV) in California, amid illegal commercial driver's license (CDL) row.

Sharing an article that said the DMV was extending the deadline for CDL cancellations following a lawsuit by rights groups, Duffy refuted the claims in a post on the social media platform X on Tuesday.

"Gavin Newsom is lying. The deadline to revoke illegally issued, unvetted foreign trucker licenses is still January 5," Duffy said in the post. He added that the state has not been granted an extension to "keep breaking the law" and put Americans at risk. He also threatened to go ahead with the withdrawal of federal funding of over $160 million if the state misses the deadline.

The Fox26 News article, published on Tuesday, which Duffy shared, claims that the licenses, which were set to terminate on Jan. 5, 2026, would now last until March 6, 2026, following a class action lawsuit. In California, the article states that approximately 17,000 truck drivers face CDL cancellations.

This isn't the first time that the Transport Secretary has threatened to withdraw funding from California. Earlier, Duffy had threatened to withdraw $160 million in federal funding from California, drawing criticism from Newsom. Duffy's latest comments could deepen the feud between the pair.

The Illegal CDL Row
Duffy has faced off against other Democratic lawmakers in the past over the illegal CDL row. Earlier this month, Duffy slammed Governor Tim Walz (D-Minn.) and threatened to withdraw over $30 million in federal funding from the state of Minnesota for illegally issuing CDLs to undocumented drivers.

The row came to light following an undocumented foreign driver, Harjinder Singh, making an illegal U-turn on a Florida highway, which resulted in three fatalities. Singh was issued his CDL in California.

Sean Duffy And Gavin Newsom Face Off On High-Speed Rail Project
Duffy had earlier hailed a decision by a California court that dismissed a lawsuit against the President Donald Trump administration for withdrawing $4 billion in funding for a high-speed rail project connecting Los Angeles to San Francisco.

On the other hand, Newsom shared that the project was already in its track-laying phase despite the withdrawal of funds from the White House. He also touted that the project had regularly passed financial audits of its accounts.

12/31/2025

Despite his long-standing reputation as a Tesla, Inc. skeptic, Michael Burry confirmed on Wednesday that he currently holds no short position in the EV giant.

The clarification comes amid heightened speculation as the market awaits Tesla's fourth-quarter vehicle sales figures and following a series of critiques from Burry regarding the company’s valuation.

Burry has not held back on his fundamental assessment, repeatedly labeling Tesla as “ridiculously overvalued.”

His latest comments came Tuesday after the company shared consensus estimates of its fourth-quarter vehicle sales, with projected figures coming in below investor expectations.

Burry's skepticism is rooted in what he views as a decoupling of the stock price from traditional automotive and even tech-sector fundamentals.

Specifically, Burry has flagged two major concerns:

Shareholder Dilution: He estimates that Tesla's equity-based compensation dilutes shareholders by approximately 3.6% annually, exacerbated by a lack of stock buybacks to offset the grants.
CEO Compensation: Burry has criticized Elon Musk's massive $1 trillion performance-based pay package, arguing it prioritizes market-cap milestones over sustainable profitability for long-term investors.
Burry has also pointed to Tesla's "cult"-like following, which helps sustain its stock price.

"The Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up," Burry said in early December.

The unpredictable nature of the "Elon cult" could be one reason why Burry is not shorting Tesla stock.

Very early Wednesday morning, Burry replied "I am not short," when asked if he would short the stock at these levels.

While Tesla is a frequent target of Burry’s commentary, his actual capital is currently deployed against the broader AI boom.

Since deregistering Scion Asset Management as a public investment adviser in late 2025 — effectively turning it into a private family office — Burry has used his Substack, "Cassandra Unchained," to disclose aggressive bearish bets elsewhere.

His primary shorts now focus on NVIDIA Corp. (NASDAQ:NVDA) and Palantir Technologies, Inc. (NASDAQ:PLTR).

Burry holds significant put options against these AI darlings, citing concerns that the hyperscalers are masking true costs by understating asset depreciation.

Burry's decision to stay on the sidelines of Tesla, despite his bearish opinions, might stem from the “cult-like” momentum he has acknowledged can override fundamentals for years.

Burry is an active trader and his position on Tesla stock could change. His current cautious stance serves as a reminder that being right about a valuation is not the same as being right about the timing of a trade.

12/31/2025

On the final trading day of the year, legendary investor Warren Buffett is set to close one of the most remarkable leadership chapters in corporate history, marking his last day as chief executive of Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) after more than 55 years at the helm.

Buffett’s Jaw-Dropping Performance
Buffett took control of the struggling textile maker in 1965, when Berkshire’s shares traded around $19, before assuming the role of CEO in 1970. As he prepares to step aside nearly six decades later, the stock now changes hands at $755,400, a staggering 3,975,690% gain over this period.

This represents a compounded annual growth rate of 19.3%, which is more than double the S&P 500’s 7.55% CAGR over the same period.

In other words, $100 invested in Berkshire when Buffett took over more than half a century ago would now be worth $3.96 million compounded annually. The same when invested in the S&P 500, at around the same time, would now be worth just $7,881.

Buffett’s career is a testament to the kind of wealth that can be created with consistent and disciplined investing, compounded over long periods.

What’s Next For Berkshire Hathaway?
At 95, Buffett leaves Berkshire a financial fortress worth $1.08 trillion, with $381.67 billion in cash on its books and $127.24 billion in debt.

It is now a sprawling global conglomerate spanning insurance, railroads, utilities, manufacturing, consumer brands and one of the largest public equity portfolios in the world. The company now owns Geico, BNSF Railway, Berkshire Hathaway Energy, Precision Castparts, Dairy Queen, See's Candies.

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