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- LARRY KUDLOW: God bless our veterans, and God bless America
Just a short note on Veterans Day: "A celebration to honor America’s veterans for their patriotism, love of country, and willingness to serve and sacrifice for the common good." Many of our veterans made the ultimate sacrifice. God bless them. But God bless everyone who has worn the uniform of the United States of America.They are defending America, keeping us free, working miracles on a daily basis. Setting examples of the strongest possible character and the best possible behavior. My saintly wife’s late father, Colonel Hollister Pond, actually served in five wars before retiring as an Air Force colonel. My own late father served in World War II in the old Army Air Corps over Europe. He was a navigator. Bless both of those great men.President Trump earlier today honored our veterans at Arlington National Cemetery. "On Veterans Day, we reaffirm our undying gratitude to every patriot who has answered the call of duty. We pay tribute to all of those who have won the wars and worn the uniform, who faced the enemy. Who have beaten the enemy at every turn. Who have borne the burdens of fate and destiny to stand as a protection in battle, or indeed, our protection in battle."Military veterans have kept this country free and great for over 250 years. We thank them and dedicate this day to them. Thank you for your service and God bless America. [TheTopNews] Read More.50 mins ago - Feds arrest top official of healthcare company, alleging illegal drug importatio...
U.S. officials are accusing two top officials of a Canadian company of operating a scheme to illegally import prescription drugs, court records show. [TheTopNews] Read More.2 hours ago - Nvidia stock faces rare downgrades as board investigates CEO Jensen Huang’...Artificial intelligence giant Nvidia is facing investor scrutiny due to concerns about the company's future amid its internal investigation into CEO Jensen Huang's affair with alleged Chinese spy.Huang admitted to being unfaithful to his wife in a statement on Sunday, in which he also said he had fallen short of his responsibilities to the company and said he would cooperate with the investigation.Nvidia's board of directors initiated an independent probe into the matter, saying that while it has no reason to believe national security or company secrets were compromised, the probe will examine all available information.The controversy has prompted some firms to alter their assessments of the company's shares, as Baird issued a rare downgrade of Nvidia stock – cutting the AI giant's rating to "neutral" because of a lack of visibility into 2027 data center spending, possible demand softness and uncertainty over Huang's tenure.SILICON VALLEY IS A 'CENTER FOR ESPIONAGE,' FORMER FBI AGENT WARNS AFTER NVIDIA SPY SCANDALMorgan Stanley also removed Nvidia from its Top Pick list, although the firm retained its "overweight" rating for the stock, which has experienced a price decline of over 25% since it received the designation last month."We do acknowledge that the near-term uncertainty will remain, as CEO Jensen Huang's leadership is crucial to the company's direction in our view," Morgan Stanley analysts said in a note.Bank of America Global Research also took Nvidia out of its U.S. 1 List, while at least three other brokerages – including Wells Fargo and Citigroup – reduced their price targets for the stock earlier this week.SHORT SELLER FLAGGED JENSEN HUANG'S 'UNCOMFORTABLY CLOSE' TIES TO ALLEGED CHINESE SPY MONTHS AGONvidia shares have been caught in a broader tech selloff after the midterm elections showed Democrats winning majorities in both chambers of Congress, with the stock's woes deepening amid the controversy.In the first two trading sessions after Huang disclosed the affair and Nvidia's board opened its inquiry, the company shed over $427 billion in market capitalization.The stock has rebounded during Wednesday's trading session, with shares up about 3.5% as of mid-afternoon.NVIDIA CASE HIGHLIGHTS RISKS OF ALLEGED 'HONEYPOT' SCHEMES TARGETING EXECUTIVESDespite investors questioning Nvidia's outlook, the company remains one of the most favored stocks on Wall Street.Nvidia carries a median price target of $314, according to LSEG data, which implies about 82% upside from its current levels, with 59 of 64 brokerages rating the shares as a "buy" or "strong… [TheTopNews] Read More.3 hours ago
- Could the Voter Backlash Against A.I. Actually Help the Economy?
Voter backlash could threaten the data center boom. Some economists think that could be a good thing. [TheTopNews] Read More.3 hours ago - Gas prices estimate rises for 2027, though consumers could still see relief from...The gasoline prices American consumers are expected to face in 2027 are now projected to be higher than previously reported, though they should still see some relief relative to the prices at the pump that prevailed for much of 2026.The latest short-term energy outlook produced by the Energy Information Administration (EIA), the Energy Department's independent statistical agency, said that it expects supplies of gas and diesel to remain constrained through the end of 2027.EIA estimated in its November report that retail gasoline prices are expected to be $3.73 a gallon in 2027, which would be a decrease from $3.89 a gallon this year.However, the EIA's 2027 estimate represents an increase of 5% from the agency's outlook last month, when it projected gas prices to be $3.56 a gallon nationally in 2027.GAS PRICES FALL BELOW $4 A GALLON FOR FIRST TIME SINCE JULY"Although we expect the U.S. average retail price of gasoline and diesel to decline in 2027, we raised our forecast for those prices from last month's outlook," EIA explained.The agency's latest forecast for diesel sees retail prices at $5.03 a gallon in 2027, which was up from the prior forecast of $4.49 a gallon but would still be below the $5.25 a gallon for diesel that consumers have faced in 2026."We now assume global petroleum markets will face continued supply constraints through the end of 2027. These market conditions will support wider petroleum crack spreads next year and incentivize elevated U.S. refinery operations," EIA explained.CONSUMER INFLATION RISES FASTER THAN EXPECTED IN OCTOBER, CPI REPORT SHOWSThe forecast noted that in terms of the global energy market, crude oil prices rose for the third consecutive month in October due to falling inventories, attacks on oil tankers in the Persian Gulf, constrained shipping capacity and higher transportation costs that have tightened supply.EIA said that its forecast anticipates "most Middle East production outside Iran to return to pre-conflict averages by the middle of next year."While Brent crude oil spot prices are expected to remain near $100 per barrel for the rest of 2026, EIA forecasted that the price will gradually fall to an average of $77 a barrel in the fourth quarter of 2027.THANKSGIVING SHOPPERS FACE HIGHER TURKEY PRICES AS FAMILY FARMS STRUGGLE WITH RISING COSTSConsumer gas prices dropped below $4 a gallon this week for the first time since July on Tuesday, as data from AAA showed the national average price fell… [TheTopNews] Read More.4 hours ago
- ‘Not the answer’: Labour MPs speak out against Rosebank as decision ...
There is a growing expectation among senior Labour figures that drilling in the oil field will be given the green light. [TheTopNews] Read More.4 hours ago
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