'Effective immediately': Nvidia CEO resigns over affair with Chinese spy; Musk ready to 'hire' Huang
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Nvidia stock falls after Jensen Huang resigns: Will NVDA crash further or rebound? Here's what happened to Intel, HP, McDonald's and Wynn after their CEOs left
Nvidia stock (NVDA): Nvidia shares fell as much as 10% after Jensen Huang resigned as CEO. Past leadership exits at Intel, McDonald's, HP and Wynn Resorts show how differently stocks can perform after a CEO leaves. Investors are now watching Nvidia's succession process and whether the company can maintain its momentum without Huang.
Trump says Vance should focus on domestic corruption, 'we don't need a deal with Iran'
President Donald Trump has requested Vice President JD Vance to focus on crime and corruption in Democratic-run cities. He believes addressing these issues could balance the national budget better than a deal with Iran. Vance, considered a candidate for the 2028 presidential election, has distanced himself from Trump’s approach to Iran following election losses.
Is Kimberly Powell still at Nvidia? What we know, and don’t, about the executive named in the Jensen Huang report
Jensen Huang of Nvidia is under scrutiny regarding his alleged affair with Kimberly Powell, a senior executive. The accusations have raised questions about Nvidia's workplace culture and code of conduct. Despite the claims, Powell's current status at the company remains unclear as no official confirmation has been made. Huang previously faced scrutiny for a separate alleged relationship with a suspected intelligence asset.
China is the biggest loser from Jensen Huang’s downfall
Jensen Huang’s reported links to a suspected Chinese spy and concerns over Nvidia chips reaching Chinese companies could trigger tighter US export controls, putting further pressure on China’s AI industry.
Karnataka seeks to blacklist L&T over delay in drinking water project
Officials told the minister that the contractor had failed to procure pipes, deploy adequate workers and submit progress reports despite a final notice
US jobless claims tick up to 200,000 but remain low by historic standards
Jobless claims in the United States increased to 200,000 but remain at historically low levels. Employers are adding an average of 86,000 jobs monthly, which is significantly better than last year. Layoffs have become rare, indicating enhanced job security for workers across various sectors. Consumer spending stays strong and investment in artificial intelligence contributes to economic growth.
Washington DC Shooting: Is there an active shooter in capital? Four people shot in Logan Circle. Here's what happened
Four people were injured in a shooting in Logan Circle, Washington DC on Thursday. Police have reached the spot after there were reports of multiple shots being fired in the area. An investigation is being conducted into the active shooter situation. Nearby roads have been closed off and locals have been asked to avoid the area. Multiple agencies have been called to help in the situation.
Andhra Pradesh to ink MoUs for ₹10 lakh crore investments
On the first day of the inauguration on Thursday, the State government announced a few major investments, while others are lined up for Friday
'Profound' contributions, and not a word about why: What Nvidia's resignation statement leaves out
It was announced that Nvidia's Executive Vice President and Chief Financial Officer, Colette Kress, has been appointed interim CEO. This comes after it was revealed that Jensen engaged in two extramarital affairs. One with an alleged Chinese intelligence operative and another with a subordinate executive. This came after it was reported that Huang had maintained an undisclosed relationship with Kimberly Powell.