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Trading Day: Weathering the Nvidia storm

US stocks fell on Thursday, as investors digested the dramatic developments at AI giant Nvidia, where CEO Jensen Huang resigned in the wake of multiple reported extramarital affairs, one of which was with an alleged Chinese spy. However, given the seismic nature of the news, and a sharp rise in bond yields and oil prices, Wall Street's losses were pretty mild. In my column today, I look at Wall Street's resilience in the face of the recent AI tremors, as investors have rotated into other under-owned parts of the market. As a result, the S&P 500 is less than 3% off its record high. But can

Canada threatens to sue Stellantis over auto plant sale as Trump’s trade war shifts production south

SpaceX, Tesla merger talks progress, Bloomberg News reports

Business|Finance|Technology

Kalshi in talks to raise money at $65 billion valuation, Bloomberg News reports

Kalshi is in talks to raise fresh funds at a $65 billion valuation, Bloomberg News reported on Thursday, days after finalizing a financing round that valued the prediction-market startup at $40 billion.The previous fundraise was expected to be the last one before the company's anticipated initial public offering, but Kalshi decided to raise money again in the private markets, the report said, citing people familiar with the matter. Kalshi could not immediately be reached for comment on the report. The company raised $1 billion in a new funding round late last month amid efforts to expand beyo

FBI says US has seized $1.2 billion worth of cryptocurrency stolen from Binance

Anthropic's IPO is about six times oversubscribed, Bloomberg News reports

Arts|Economy|Europe

Cargo ship strikes bridge between New Jersey and Philadelphia, causing traffic backup

A cargo ship struck a bridge across the Delaware River on Thursday, disrupting traffic between Palmyra, New Jersey, and Philadelphia, according to a Pennsylvania lawmaker. The collision left the 3,659-foot-long (1,115-meter-long) Tacony-Palmyra Bridge unable to close, causing a major backup on the Philadelphia side, state Rep. Ed Neilson said in a news release. No injuries have been reported, he said. The U.S. Coast Guard said the cargo vessel is currently moored at a Kinder Morgan facility in Bristol, Pennsylvania, where an inspection team is on site. The Coast Gu

Democrat Cindy Holscher is elected Kansas' next governor, extending her party's wave of victories

North Korean hackers steal more than $400 million using video images, FBI says

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Crime|Political|US

Richard Glossip, Oklahoma man on death row for years, pleads guilty to lesser charge

Richard Glossip, the Oklahoma man who spent nearly 30 years on death row before his murder conviction was overturned by the US Supreme Court last year, pleaded guilty Thursday to accessory to murder after the fact, avoiding a third murder trial, his attorney told CNN.The plea agreement came during what was expected to be a pretrial hearing ahead of a retrial scheduled for December on a charge of first-degree murder.Instead, his sentencing is scheduled for December 17 and 18, his attorney said. His defense plans to ask for time served, while prosecutors said they intend to seek additional priso

Crews search rubble of deadly NY building collapse as rain threatens to complicate rescues

(CNN) - More bodies have been pulled from the rubble of a New York building collapse, according to fire officials.Eight people, including six adults and two children, have died in the building collapse, according to New York Mayor Zohran Mamdani.At least 19 people, including firefighters and children, were injured after the three-story structure fell yesterday afternoon. Rescue workers don’t know how many people may still be trapped.Eight people, including six adults and two children, have died as a result of the three-story building collapse in Brooklyn, New York, on Wednesday, accordi

5 people are shot in DC, including 1 killed at a gym, and then suspect kills himself

At least 8 killed, 17 hurt in Brooklyn building collapse, officials say

Father of boy who survived being buried alive is charged with attempted murder in South Carolina

An 11-month-old South Carolina boy who authorities say was buried alive in a dog crate by his father was found by rescuers after about 24 hours, crying and covered in dirt, his grandfather said about the dramatic rescue. But soon after, little Koah Sharp stopped crying, John Comer told The Associated Press on Wednesday night as he recalled the events that played out the day before in the woods on his neighbor's property. The infant was put on the back of a truck and sat up, Comer said. “I became ecstatic, my hands straight in the air. I’m looking in the sky, ju

Election|Political|US

Mississippi elects Democrat Scott Colom as state's first Black US senator since Reconstruction

Democratic nominee Scott Colom defeated Republican Sen. Cindy Hyde-Smith on Wednesday in Mississippi's closely contested U.S. Senate race after a prolonged ballot counting process, giving the state its first Black U.S. senator since post-Civil War Reconstruction. Colom's narrow victory is a seismic shift in Mississippi, which has been controlled mostly by white conservatives for generations despite having the largest share of Black residents of any U.S. state. The outcome adds to a decisive midterm rebuke of President Donald Trump, whose party suffered defeats in several Republi

Massive rescue effort underway after NYC building collapse leaves at least 1 dead, 12 injured, officials say

Video shows soldier reprimanding Hegseth and advisers at Tomb of the Unknown Soldier

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Sports|World

Longtime NBC Sports announcer Dan Hicks dies at 64

Sportscaster Dan Hicks, who was the voice of golf, Olympic swimming and Notre Dame football during a 35-year career at NBC Sports, has died, his family and NBC announced Thursday. He was 64. Hicks died late Wednesday in Connecticut. He died of an acute illness, according to his wife, Hannah Storm. He had been scheduled to call Notre Dame's game Saturday. “Our family is heartbroken by the sudden and unexpected passing of Dan,” Storm said in a statement. “He was a devoted husband of over 30 years, loving father to our three daughters, and cherishe

Israeli strike on Gaza hospital kills at least 6, including doctor and child, Palestinian officials say

An Israeli strike on a hospital in southern Gaza overnight Wednesday killed at least six people, including a doctor and a child, Palestinian officials say.The strike on Nasser Hospital shortly after midnight hit the complex’s surgery unit, according to a Gaza Civil Defense spokesman. The attack tore through part of the hospital, Ezz Eddine Abu Sabha said, leaving charred debris scattered across the destroyed unit.The strike killed 52-year-old Dr. Rizk Abu Shaira, Abu Sabha said, as well as a 13-year-old boy who was supposed to have surgery. A total of 40 people were injured in the Israeli st

Yemen’s Houthis hold mass funeral as they call for action to protect civilians

US envoys Witkoff and Kushner may visit Russia in coming days, TASS reports

Arts|Crime|Health|World

A missing teen is found alive after 6 days in the Australian woodlands

A 17-year-old boy with autism was found alive Thursday after six days lost in eastern Australian woodlands. The boy, whom police identified only as William, had begun camping with a teenage friend when he disappeared last Friday near Walhalla, a former gold-mining town 185 kilometers (115 miles) east of Melbourne, police said. A police helicopter crew found him surrounded by wilderness lying asleep on a flat rock beside a creek, and he was later reunited with his mother. William was in good spirits and mostly in good health, the police statement said.

The $1 trillion question facing Nvidia and Jensen Huang: Who lied to whom?

Nvidia, Jensen Huang, a reported subordinate and a suspected Chinese spy are at the center of a soap opera captivating Wall Street, Silicon Valley and Washington.And, like every other soap opera, this one appears to involve at least a dose of deception leading up to Huang’s shocking exit on Thursday. Did Nvidia’s rockstar CEO mislead his bosses on the board of directors? Did Nvidia and its board conceal from investors what was really going on?Unlike a typical daytime drama, the stakes here are epic. Untangling who lied to whom could determine the fate of trillions of dollars. Huang was vie

Witkoff and Kushner meet Zelensky after talks with Putin, as Ukraine says Starshield restricted again

Housing protests sweep Madrid and Barcelona after Spain’s workers strike, with clashes erupting

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Business|Economy|Finance|Science|Technology

What we know after Jensen Huang resigns as Nvidia's CEO

Business|Finance|Technology

CFO Colette Kress to serve as interim leader after Nvidia CEO Jensen Huang resignation

Election

Black voters view Scott Colom's historic US Senate win through lens of Mississippi's racial legacy

Scott Colom's election win in Mississippi means he will be the first Black man to represent the Deep South state in the U.S. Senate in nearly 150 years

Business|Finance|Stock Markets|Technology

Nvidia CEO Jensen Huang steps down

Business|Finance|Science|Technology

Nvidia CEO Jensen Huang resigns in blow to AI boom he helped foster

Nvidia CEO Jensen Huang stepped down on Thursday after revelations of extramarital affairs, including one involving a suspected Chinese spy,

Business|Economy|Finance|Science|Technology

Wall Street shakes with swings for Nvidia and oil prices but recovers most of its early losses

The U.S. stock market shook, but it largely absorbed big swings for Nvidia and oil prices and finished with relatively modest losses

Business|Finance|Science|Technology

Who would be next CEO at Nvidia? Top engineer and CFO favored as candidates

Equities close lower as Nvidia drop outweighs energy gains

US stocks closed lower on Thursday, as a drop in Nvidia shares after CEO Jensen Huang's exit outweighed gains in energy shares.

Business|Finance|Science|Technology

Jensen Huang built the company that powers AI. Now Nvidia must find a way forward without him

Nvidia CEO Jensen Huang has resigned, capping a spectacular downfall for a poster boy of the artificial intelligence boom

Election|Political

Republicans’ lame-duck dash to confirm judges is already hitting speed bumps

California & Local

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls