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- Doing these things now will help you save money at Christmas
Small decisions made now can make a big difference to your festive finances, charities say, so here are some tips. [TheTopNews] Read More.8 hours ago - When the Boss on the Phone Isn’t Real: How More Than $129 Million Was Stolen U...
A federal indictment alleges that three men used generative A.I. to impersonate voices of chief executives and lawyers to defraud companies of millions of dollars. [TheTopNews] Read More.9 hours ago - U.S. Cleared Nvidia Chips to Chinese Firms With Empty Offices and Troubling TiesThe Commerce Department has approved dozens of Chinese companies to handle Nvidia’s H200 chips, some of which have ties to firms under sanctions over national security. [TheTopNews] Read More.11 hours ago
- Nvidia CEO Jensen Huang apologizes as firm probes affair with alleged spy
Nvidia CEO Jensen Huang apologized Sunday for being unfaithful to his wife as the company opened an independent investigation into reports linking him to an alleged Chinese spy."I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Huang wrote in a message to employees provided to FOX Business by Nvidia.The New York Times first reported on Huang’s relationship with Megaspeed executive Alice Huang, whom U.S. intelligence identified as a Chinese intelligence asset. The newspaper reported Sunday that he acknowledged an intimate relationship to Nvidia’s board."I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it," Huang wrote.UNVETTED FOREIGN WORKERS AT AI FIRMS RAISE NATIONAL SECURITY ALARMS, ADVOCATES WARNNvidia said Huang will remain at the helm during the investigation."Today’s news will not slow NVIDIA. Jensen is committed to continuing to lead NVIDIA as CEO without interruption," a company spokesperson told FOX Business.Nvidia’s board said independent directors, assisted by outside independent counsel, will oversee the investigation."While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board’s inquiry will examine all available information," the board said.The directors said U.S. national and economic security take priority over the interests of Nvidia and its shareholders."Jensen fully supports the review and has committed to cooperating with it," the statement continued. "The Board has confidence in Jensen and his leadership team and will provide further updates as appropriate."CHINA ‘THROWING GASOLINE ON THE FIRE’ IN AI DATA CENTERS RACE, SAY LAWMAKERSHuang pledged to cooperate fully."I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security," he wrote.Secretary of State Marco Rubio had warned Trump administration officials about Huang’s ties to the woman, the Times reported, citing multiple people briefed on the matter.The investigation follows demands from three House Republican committee chairmen for Huang to answer questions about his interactions with Megaspeed executive Alice Huang and Nvidia’s safeguards against foreign espionage.House Foreign Affairs Committee Chairman Brian Mast, R-Fla.; Select Committee on China Chairman John Moolenaar, R-Mich.; and House Intelligence Committee Chairman Rick Crawford, R-Ark., requested a joint, closed-door briefing for Nov. 18.AMERICA AND CHINA ARE FIGHTING FOR THE FUTURE OF AI — CHIPS ARE THE BATTLEFIELDThe Times previously reported that Alice Huang had gathered information for Beijing while… [TheTopNews] Read More.11 hours ago - California faces one-two punch as voters reject wealth tax and billionaires eye ...California voters rejected a proposed one-time 5% tax on billionaire wealth, turning back a measure supporters said could raise tens of billions of dollars for health care. The tax would have applied to people who were California residents on Jan. 1, 2026, with payments spread over five years.The defeat came as some of the state’s wealthiest residents warned they could leave California over the proposal. The state has one of the nation’s largest billionaire populations and relies heavily on high earners to fund its budget, making the potential loss of additional wealthy residents a concern for state finances.Supporters, including Sen. Bernie Sanders, I-Vt., and the Service Employees International Union–United Healthcare Workers West, said the tax could help offset Trump administration cuts to health care and food assistance. California Gov. Gavin Newsom opposed the tax, arguing that California should address wealth inequality without driving billionaires out of the state.CALIFORNIA WEALTH TAX PROPOSAL HEMORRHAGES $1T AS BILLIONAIRES FLEEVoters were also weighing Proposition 42, a separate measure backed by tech billionaires to block new taxes on personal property. It was leading, and approval could make future efforts to tax billionaire wealth harder, though supporters have vowed to keep pushing.Wayne Winegarden, a senior fellow in business and economics at the Pacific Research Institute, said concerns that the tax could expand beyond billionaires and drive wealthy residents away may have hurt its support."A lot of messaging went around this: ‘You’re next.’ And I think that messaging resonated with people. This is most likely not a one-time tax. It’s not going to just stick to billionaires," he said.CEO SAYS DOING BUSINESS IN STATE ‘SUCKS’ AS COMPANY HEADS TO TEXAS AMID CALIFORNIA EXODUSWinegarden said voters may also have feared that billionaire departures would leave less money for the state budget."People were nervous that you’re going to lose money off of this because of billionaires leaving. The macroeconomic impacts of the wealth tax meant that the rest of the budget was going to have less money. I think that message got out there, and I think that helped," he said.Winegarden said defeating the tax could halt departures tied to the proposal, but he argued California remains uncompetitive on taxes."Without the wealth tax, the continued bleeding from a wealth-tax perspective should stop. Now, California has been, from a tax-competitiveness perspective, very uncompetitive."RED STATES HAVE SPENT DECADES DOMINATING A KEY CORNER OF THE ECONOMYHis comments point to broader concerns that… [TheTopNews] Read More.15 hours ago
- Why the Iran War Has Spurred Both Clean Energy and Fossil FuelsThe shock to global oil prices has caused a surge in demand for electric vehicles while propelling a race for immediate, secure power supplies. [TheTopNews] Read More.17 hours ago
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