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The Face of the A.I. Boom Powering the U.S. Economy Is Gone

Nov 12, 2026

Jensen Huang, Nvidia’s ousted leader, was a unique rhetorical and financial booster for investments that are driving economic growth.

SpaceX Plans $74 Billion Investment to Build Data Centers in Texas and Arizona

Nov 12, 2026

Mortgage Rates Remain High as Affordability Challenges Persist

Nov 12, 2026

Singapore Says US Not Helpful on Investigation Into Alice Huang and Megaspeed

Nov 12, 2026

$150 for a Thanksgiving Pie? A Humble Dessert Staple Gets Pricey.

Nov 12, 2026

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Nov 12, 2026

Who Is Colette Kress, the Interim Nvidia CEO Replacing Jensen Huang?

Ms. Kress, the company’s chief financial officer, joined Nvidia in 2013.

Nov 12, 2026

Fed Will Not Hold Policy Vote at October 2027 Meeting

Nov 12, 2026

Nvidia Stock Plunges After Jensen Huang Resigns as CEO

Nov 12, 2026

What Do You Want to Know About New York Times Journalism and A.I.?

Nov 12, 2026

Jensen Huang’s Affairs That Upended Nvidia: Timeline of Events

Interesting Read

This Trader Raised Alarm About Nvidia’s China Entanglements Months Ago

Christian Lamarco, a 31-year-old short seller and trader, warned about financial and personal problems at Nvidia in May.

Nov 12, 2026

In a policy switch, the Fed says its October 2027 meeting will not see a vote on interest rates

There will be seven voting meetings next year, with the October session set up as extra time for policy deliberation without a formal vote or post-meeting statement.

Nov 12, 2026

Oil prices rise after Trump says no Iran deal needed: 'We've got their Strait'

Oil prices were mixed on Thursday, after the latest comments from President Donald Trump raised worries that an end to the U.S.-Iran war was not in sight.

Nov 12, 2026

Here’s the latest.

Nov 12, 2026

Jensen Huang steps down as Nvidia CEO

Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for a permanent successor, the company said on Thursday. It named former Synopsys CEO and board member Harvey Jones as its first-ever board chairman. Huang, who co-founded Nvidia and is its fourth-largest investor with a stake of about 3.61 percent, will exit the board as well. Nvidia shares fell more than 10 percent in premarket trading, and weighed on the broader market. Pressure had been mounting on Huang in recent days after reports said the 63-year-old, who is married, had an affair with a Chinese businesswoman who US authorities suspect of spying for Beijing. China has dismissed the spying allegations, calling them "baseless". Nvidia's board met on Wednesday to consider his ouster, a person familiar with the matter said, after reports earlier in the day that Huang also had an extramarital affair with a senior company executive who reported to him. Huang's exit plunges the US$4 trillion company into uncertainty and threatens to disrupt an AI ecosystem that he helped bankroll by pouring Nvidia's swelling cash pile back into cloud providers, suppliers and the industry's biggest labs. "The risk is not that Nvidia suddenly loses its technology roadmap... that roadmap is largely visible for the next several years. The risk is execution. Jensen has been the chief conductor of an extraordinarily complex system," said Michael Feldman, portfolio manager at ClearBridge Investments. "In a world with real bottlenecks, that coordination is a competitive advantage in itself." Investor sentiment toward AI stocks has already been shaky as soaring cash burn and rising debt at traditionally cash-rich tech giants fuel doubts over whether the AI boom will pay off. (Reuters) Edited by Edmond Fong

Nov 12, 2026

HK, region take toll as Nvidia fate hangs in balance

Asian shares and US futures declined on Thursday as concerns over leadership at chipmaker Nvidia weighed on artificial intelligence-related stocks. In Hong Kong, the benchmark Hang Seng Index closed down 307 points, or 1.3 percent, to 24,008 on turnover of HK$202.65 billion. The tech index plunged 95 points, or 2.4 percent, to 3,931 while the China enterprises index fell 114 points, or 1.4 percent, to 8,056. Up north, the benchmark Shanghai Composite Index ended down 24 points, or 0.67 percent, at 3,655. The Shenzhen Component Index fell 191 points, or 1.68 percent, to 11,197 while the ChiNext Index dived 62 points, or 2.44 percent, to 2,509. In after-hours trading, Nvidia’s shares fell 8.6 percent after reports said Nvidia’s board was meeting late on Wednesday to discuss the situation surrounding its chief executive, Jensen Huang and his extramarital affairs. Nvidia's shares climbed 2.9 percent on Wednesday. Its shares have fallen after the company said it was investigating Huang, who has admitted to being unfaithful to his wife. The New York Times reported on Wednesday that Huang was involved in a second extramarital affair. The tech company's board was preparing to meet as soon as Wednesday to determine Huang's future, according to the Wall Street Journal, which quoted people familiar with the matter. Huang has built Nvidia to be one of the world's biggest and most important companies, designing advanced chips crucial to the AI buildout that has helped drive stock markets to record highs and boosted economies around the world. "Nvidia has spent years convincing investors that it is one of the most important companies in the AI revolution," wrote Charu Chanana at Saxo Markets. "Now, the biggest question surrounding the company is not about its chips, competitors or earnings. It is about its founder." She said Huang was key to the firm's future, including dealings with governments. "Nvidia's technological advantage would not disappear with his departure," she added. "Its CUDA software ecosystem, product capabilities and customer relationships remain formidable strengths. "But an abrupt exit without a credible succession plan could force investors to reassess how much of Nvidia's future depends on Huang personally." In Tokyo, the Nikkei reversed early gains to end 429 points, or 0.7 percent, lower at 60,819 amid reports that a potential sacking was in the offing at Nvidia for its founder, Jensen Huang. The broader Topix edged up almost eight points, or 0.2 percent, at 3,937. In Seoul, the Nvidia reports also took its toll on the Kospi, sending it down 32 points, or 0.61 percent, to 5,342. (Agencies) Edited by Tony Sabine

Nov 12, 2026

China's Ministry of State Security thrust into the spotlight by Nvidia CEO affair

China's Ministry of State Security is getting attention after news of Nvidia CEO Jensen Huang's affair with an alleged MSS spy.

Nov 12, 2026

Apec to spotlight Shenzhen's global fintech push

Shenzhen’s financial services sector has been increasingly shaped by the deep integration of fintech and by its expanding overseas reach, according to a senior executive at Ping An Property and Casualty Insurance Company. Those trends are likely to draw wider attention next week, when global leaders arrive in the southern Chinese city for the Apec summit. Xu Hua, assistant president of Ping An Property and Casualty Insurance Company, said the company’s own history mirrors Shenzhen's fintech development. Founded in the 1980s in Shekou – an industrial area in western Shenzhen – it has grown from a regional insurer into a service network covering more than 110 countries. Financial services already form one of Shenzhen’s four pillar industries. Ping An Property and Casualty Insurance Company is among the companies taking part in the meeting, and its parent, Ping An Group, is one of the official sponsors. Xu said Shenzhen’s financial industry is most characterised by the deep integration of finance and technology. "Shenzhen is an innovation capital. It brings together a group of representative technology companies. Technological innovation comes with trial and error and risk. It faces practical difficulties such as high research and development investment, rapid technology iteration and strong uncertainty," he said. "Wherever innovation goes, insurance must follow. Overall, technology is Shenzhen’s underlying character. What insurance needs to do is serve well as a shock absorber for the real economy, so that technology companies dare to innovate, dare to invest and dare to go global." Xu said the company has tailor-made more than 400 million yuan in dedicated risk protection for this summit. He believes the meeting will not only bring short-term benefits, but also have long-term value, and hopes that the exchange opportunities at the Apec meeting can be transformed into sustained project cooperation. For cross-border operations, he called for closer cooperation with insurers, reinsurers and professional service providers so that companies can better understand local risks and coverage requirements. In sectors such as new energy, advanced manufacturing and the digital economy, he proposed that industry partners jointly assess emerging risks and develop products that keep pace with innovation. Xu said that in addition to helping mainland enterprises go global and providing protection services for their overseas expansion, the company has also formed close ties with Apec economies. The sector’s scale underscores its role in the city: financial services account for nearly 15 percent of Shenzhen’s GDP, and the Shenzhen Stock Exchange had more than 2,900 listed companies as of the end of September. Edited by Aaron Tam

Nov 12, 2026

HK, region mixed as Nvidia faces crunch on Huang sack

Asian stocks wobbled at the start of regional trading on Thursday, while Nvidia shares plunged in after-hours trading on news that its board may oust longtime chief executive Jensen Huang. In Hong Kong, the benchmark Hang Seng Index opened down 194 points, or 0.8 percent, at 24,121. The tech index fell 32 points, or 0.8 percent, to 3,995 while the China Enterprises Index slipped 66 points, or 0.81 percent, to 8,105. On the mainland, the Shanghai Composite Index inched down seven points, or 0.21 percent, to open at 3,673. The Shenzhen Component Index was 28 points, or 0.25 percent, lower at 11,361 while the ChiNext Index was down 0.5 percent at 2,559. Nvidia's board is meeting late on Wednesday to decide whether to oust Huang, a source said, as the world's dominant supplier of AI processors grapples with the fallout of allegations that he had an affair with a suspected spy for China. The New York Times has also reported that Huang had had an affair with a company executive who reported to him. "It looks bad from every single angle," said Jake Dollarhide, chief executive at Longbow Asset Management in Tulsa, Oklahoma. "I believe the board won't oust him until they have an all-star, a known entity in the tech sector, to replace him. At the end of the day, let's not forget that the Nvidia chip is the centrepiece of the AI story." Shares in Nvidia slid more than eight percent after the bell, weighing on S&P 500 e-mini futures, which slipped 0.4 percent. In Tokyo, the Nikkei opened 226 points, or 0.37 percent, higher at 61,475 and was 390 points higher still at one stage before noon. In Seoul, the Kospi opened 10 points, or 0.2 percent, at 5,385 and, like the Nikkei, tracked up cautiously by 38 points at one stage before lunch. "Renewed optimism around AI drove US equities higher overnight, with positive developments around CoreWeave and Anthropic adding to enthusiasm around the sector and helping the S&P 500 and Nasdaq rally," Westpac analysts wrote in a note. (Agencies) Edited by Aaron Tam

Nov 12, 2026

Jensen Huang Joins a Growing Club: C.E.O.s Brought Down by Affairs

The Nvidia founder and chief executive, who resigned on Thursday, is among a group of top bosses whose personal relationships and sexual encounters got them in trouble.

Nov 12, 2026

Some under-25s should get fewer benefits, Milburn review to say

The proposed radical overhaul of the welfare system would move under-25s off the main sickness benefits.

Nov 12, 2026

Jensen Huang’s Resignation From Nvidia Could Complicate Billions in Philanthropic Giving

Mr. Huang, the company’s co-founder, and his wife oversee a charitable foundation with about $9 billion in assets.

Nov 12, 2026

The rise and fall of Jensen Huang - how the tech superstar became mired in scandal

Within days, Huang's status as a seemingly untouchable figure leading the global tech race has crumbled.

Featured News

The Face of the A.I. Boom Powering the U.S. Economy Is Gone

SpaceX Plans $74 Billion Investment to Build Data Centers in Texas and Arizona

Mortgage Rates Remain High as Affordability Challenges Persist

Singapore Says US Not Helpful on Investigation Into Alice Huang and Megaspeed

$150 for a Thanksgiving Pie? A Humble Dessert Staple Gets Pricey.

Latest News

Who Is Colette Kress, the Interim Nvidia CEO Replacing Jensen Huang?

Fed Will Not Hold Policy Vote at October 2027 Meeting

Nvidia Stock Plunges After Jensen Huang Resigns as CEO

What Do You Want to Know About New York Times Journalism and A.I.?

Jensen Huang’s Affairs That Upended Nvidia: Timeline of Events

Interesting Read

Jensen Huang Joins a Growing Club: C.E.O.s Brought Down by Affairs

Some under-25s should get fewer benefits, Milburn review to say

Jensen Huang’s Resignation From Nvidia Could Complicate Billions in Philanthropic Giving

The rise and fall of Jensen Huang - how the tech superstar became mired in scandal

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Hospitals Brace for Medicaid Work Rules and Deep Funding Cuts

What we know as Nvidia CEO Jensen Huang resigns over affair allegations

Who is Nvidia's interim CEO Colette Kress - and who could take over permanently?

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