The Economic Times

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.

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.

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.

As Jensen Huang steps down as Nvidia CEO following two controversies involving his reported relationships with two women, the question is, who will lead the AI chipmaker next? Nvidia has named CFO Colette Kress as interim CEO, but who could get the job permanently? From Ian Buck to Rene Haas, several names are now in the succession discussion.

Jensen Huang resigns: Jensen Huang has resigned as Nvidia CEO with immediate effect after leading the chipmaker for 33 years. CFO Colette Kress will serve as interim CEO as the board begins its search for a permanent replacement. His departure comes amid reports about alleged relationships and scrutiny over Nvidia's links to companies suspected of evading US export controls.

Police were responding to a shooting in downtown Washington on Thursday as a local official said multiple people were shot at a fitness center. Brooke Pinto, a member of the DC City Council, said the shooting occurred at and outside a fitness center and multiple people had been shot.

NBIS stock price and earnings have been in focus after shares of Nebius Group rose 15.44% to close at $154.69 on Wednesday. The AI infrastructure company reported third quarter revenues of $980.8 million which beat analyst expectations. The company has reported a net loss of $37.5 million. It also showed positive adjusted earnings.

Nvidia CEO replacement:: Who could replace Jensen Huang as Nvidia CEO if he steps down or is forced out? Nvidia's board is reportedly exploring possible successors, with CFO Colette Kress and data centre head Ian Buck among the internal options. Arm CEO Rene Haas, AMD chief Lisa Su and Huang's children Madison and Spencer are also part of the succession discussion.

Kimberly Powell is Nvidia's vice president of healthcare. According to former staff members, Jensen Huang and Kimberly Powell were captured on video being affectionate at a San Jose hotel. It was revealed that this happened during Nvidia's annual developer conference in March. The board of tech giant Nvidia is considering whether to oust its CEO Jensen Huang.

Gold rate plunged to new low as strong US dollar and other factors have strong impact on the precious metal bullion. What could be likely gold prices in near terms? Details here

Kimberly Powell joined Nvidia in 2008 to promote its chips for medical imaging. She became vice president of healthcare in 2017 and now oversees technology for medical imaging, life sciences and drug discovery. A New York Times report alleging an intimate relationship with CEO Jensen Huang has shifted attention to her long career and their workplace relationship.

President Xi Jinping reiterated the importance of Taiwan's reunification, viewing it as a crucial historical mission. He stated that the Communist Party of China will certainly achieve this objective. Xi expressed willingness to engage in dialogue while firmly opposing any form of Taiwan independence. Additionally, he highlighted the need to consider Taiwan's realities and the feelings of its people.

In the early 1920s, George A. Storrs aimed to create a unique mining town in Utah. The planned community was intended for miner-ownership with homes, farms, and essential services. Despite initial excitement, only a small portion of the lots were sold, and the project failed. The Great Western Coal Mines Company went bankrupt in 1936, leading to the town's decline.

Weather forecast: High altitude areas in Elkins, West Virginia; Mount Pocono, Pennsylvania; and Saranac Lake, New York, West Virginia, northern Pennsylvania, the Adirondacks will receive a few inches of snow.

Nvidia CEO replacement Jay Puri: Jay Puri, an Indian-origin executive who spent more than two decades at Nvidia, is drawing attention as CEO Jensen Huang faces reports of a possible board ouster. Puri retired from his executive role in August 2026, but his experience at the chipmaker has brought his career into focus amid leadership uncertainty.

Two fly species, Drosophila persimilis and Drosophila mojavensis, showcase fascinating adaptations to their environments, revealing their opposing responses to heat. While forest-dwelling flies evade warmth, their desert counterparts thrive in it. These contrasting behaviors highlight significant neural changes that not only reflect physical adaptations but also altered sensory processing. This research is pivotal in predicting how species may cope with the challenges of climate change.

The board of tech giant Nvidia is considering whether to oust its CEO Jensen Huang. This comes after revelations that Jensen engaged in two extramarital affairs. One with an alleged Chinese intelligence operative and another with a subordinate executive. Huang had reportedly maintained an undisclosed relationship with Kimberly Powell, Nvidia's vice president of health care.

Why is Nvidia stock falling again today? Nvidia faced a steep decline in its stock price following allegations about CEO Jensen Huang's personal conduct. Reports indicated Huang may be ousted by the board in response to these controversies. The company's market value has fallen by nearly $2 trillion from its October peak. Huang acknowledged previous infidelity, which has raised investor concerns about the company's leadership.

The Where's Walleye? project showcases how researchers leveraged traditional fish traps and high-tech underwater cameras to refine fish survey methods. With assistance from 1,865 citizen scientists, the project analyzed video footage to identify diverse fish species. Remarkably, the underwater cameras uncovered four species previously missed by conventional techniques, enhancing our comprehension of aquatic ecosystems and aiding in rare species monitoring.

A Blind poll found that 88% of the 232 Nvidia employees surveyed wanted Jensen Huang to stay as CEO. Nvidia opened an independent inquiry into whether Huang was targeted by a foreign intelligence effort. Reuters reported that directors met Wednesday to consider his future. Nvidia had yet to announce a decision as of Nov. 12.

Public discontent regarding the ongoing war on Iran has influenced recent congressional election outcomes. President Trump's party faced losses, reflecting a desire for change in military policy. The new Congress, beginning January 3, may attempt to cut war funding through the budget process. Democrats plan to push for legislation to officially end the conflict despite potential presidential vetoes.

Nvidia CEO Jensen Huang's relationship with Chinese businesswoman Alice Huang has led to an FBI investigation. The claims about Alice being a Chinese agent have surprised many in Taiwan. Following the news, some stores in Taipei are considering removing photos of Huang. Authorities in Taiwan are closely monitoring any future entries of Alice Huang into the country.

Tercio, Colorado, was once a thriving coal mining company town built around the Colorado Fuel and Iron Company. Home to hundreds of mining families, the isolated community depended on the company for jobs, housing, groceries and essential services. However, mine closures between 1915 and 1918 led to its decline. Tercios forgotten history reveals the harsh realities of early American coal mining, workers struggles and the risks of company-owned towns.

A major salt marsh restoration project at Great Meadows Marsh in Connecticut is showing promising results for coastal wildlife and biodiversity. After a $4.65 million rehabilitation effort, the 34-acre wetland has seen the return of endangered saltmarsh sparrows and the growth of native marsh plants. The project highlights how wetland restoration, coastal conservation and habitat recovery can protect biodiversity, reduce flood risks and create healthier ecosystems amid rising sea levels.

A dusty, forgotten painting discovered in Vienna has been authenticated as a rare portrait by renowned Austrian artist Gustav Klimt, potentially worth over $16 million. The 1897 painting depicts Ghanaian leader Prince William Nii Nortey Dowuona and has sparked international attention. However, the Klimt masterpiece is now at the centre of an ownership and restitution dispute involving Hungary, raising important questions about art history, colonial exploitation and the global art market.

A historian in Florence has discovered handwritten annotations believed to be Galileo Galileis in a 1551 copy of Ptolemys Almagest. The discovery sheds light on Galileos early engagement with geocentric astronomy before he became a leading supporter of heliocentrism. The mathematical notes and an accompanying biblical passage offer a rare glimpse into his intellectual and personal life, demonstrating how forgotten marginalia can reveal fascinating insights into historys greatest minds.

Ness Wadia agrees with Juhi Chawla's suggestion of starting the IPL in January, stressing that it is reliant on the cricketing schedule worldwide. He believes that an earlier start could ease challenges posed by heat and rain in typical months. While he appreciates the idea, he cautioned against adding more teams at this point. Wadia emphasized the IPL's potential for growth, noting its relative youth among international leagues.

Union Minister K Rammohan Naidu emphasised India's economic growth during the 31st CII Partnership Summit in Visakhapatnam. He attributed this growth to the leadership of Prime Minister Narendra Modi, coining the term 'Modinomics'. Naidu highlighted the transformation in global economic landscapes and emphasized India's potential with its young population and innovation capabilities. He mentioned the civil aviation ministry's extension of the UDAAN scheme aimed at enhancing connectivity.

An abandoned Parisian apartment reveals an extraordinary artistic treasure: a long-lost bronze sculpture by French sculptor Camille Claudel, discovered after 15 years of neglect. Titled The Age of Maturity, the sculpture reflects themes of love, loss and personal struggle, possibly drawing inspiration from Claudels relationship with Auguste Rodin. Authenticated by experts, the masterpiece sold for 3.1 million, highlighting Claudels growing recognition and the renewed appreciation of her artistic

India's central bank is working on new rules to prevent private equity firms from holding controlling stakes in multiple non-bank lenders. The proposal aims to mitigate potential financial risks stemming from global private equity firms' investments. While larger stakes will attract greater scrutiny, smaller investments are encouraged to support growth in the financial sector. Recent data shows significant foreign investment in non-bank lenders, highlighting strong demand for credit.

The National Investigation Agency is probing the online radicalisation of Indian youths linked to terrorist activities. This stems from a case registered by the Uttar Pradesh Anti-Terrorist Squad in April. Eight accused have been identified, including Shahzad Bhatti, who is associated with the ISI. The investigation revealed plans for major disruptive acts by Pakistani sleeper cells in India. Authorities aim to disrupt these operations to maintain internal peace and harmony.

Nvidia's CEO Jensen Huang faces potential ousting from the board due to reported extramarital affairs. If removed, Colette Kress could serve as interim CEO due to her experience and familiarity. Meanwhile, Ian Buck, a key engineer at Nvidia, is seen as a strong long-term candidate for the position. Speculation also includes external candidates like Arm CEO Rene Haas. Nvidia's governance and direction are under scrutiny as these developments unfold.

In a move to bolster regional energy security, ASEAN nations plan to roll out a collective oil stockpiling project by 2027. This initiative will establish crucial storage locations in Indonesia and Thailand, enabling member states to share resources. Initially, during emergencies, the Philippines will access diesel and gasoline from these shared reserves.

Amish Shah and Pia Dandiya have recently joined the New Democrat Coalition, increasing its membership to 142. The New Democrat Coalition, which is the largest ideological group in the Democratic Party, welcomed 40 new members this week. Shah is a physician with roots in Gujarat, while Dandiya has a background in education and policy leadership.

Nvidia CEO Jensen Huang is facing mounting pressure from US lawmakers amid allegations of an affair with a woman suspected of having links to Chinese intelligence. Congressman Jamie Raskin said Congress is concerned about whether the alleged relationship compromised US national security, particularly amid scrutiny of Huang's lobbying efforts to ease restrictions on AI chip sales to China.

In a strategic pivot, HSBC plans to reduce its dependency on China by intensifying its activities in Singapore. The bank intends to consolidate its operations within the city-state to simplify its structure. This decision reflects HSBC's ambition to grow its wealth management services in Asia, with Singapore's political stability bolstering its role as a significant banking center, next to Hong Kong.

Oil prices dropped more than $1 on Thursday as hopes for progress in peace talks over the Middle East and the Russia-Ukraine wars pressured the market. Brent

US Special Envoy Jared Kushner and Steve Witkoff are set to meet Russian President Vladimir Putin in Moscow on Thursday as Washington seeks to negotiate an agreement to end the Russia-Ukraine war alongside a broader security arrangement between Russia and Europe, Axios reported, citing people familiar with the discussions.

Iran's Parliament Speaker Mohammad Bagher Ghalibaf discussed the future management of the Strait of Hormuz with Oman. He emphasized that the waterway's regulations would change following the US-Israel war on Iran. Negotiations with the United States are contingent upon adhering to Iran's seven conditions.

A Chinese university with close links to the country's military has purchased two of Nvidia's powerful H200 AI chips despite being on the US export blacklist, according to procurement records reviewed by Reuters. The findings raise fresh concerns over gaps in Washington's export restrictions and China's access to advanced American technology through domestic suppliers. Other Chinese universities and research institutions have also reportedly obtained restricted Nvidia chips or rented computing c

Gold prices edged lower on Thursday as hotter-than-expected US inflation data and hawkish Federal Reserve commentary lifted the dollar to near a one-month high and reinforced

Nvidia's board is meeting to discuss whether to remove CEO Jensen Huang amid reports of two alleged extramarital affairs involving the longtime leader. The possibility of a leadership change has raised concerns among investors and market experts about the company's succession plans, future AI strategy, China business and its position in the global artificial intelligence industry. Here is what market experts are saying about the potential impact on Nvidia and the broader AI sector.

Nvidia CEO Jensen Huang was reported to have had an affair with Kimberly Powell, a company executive. The situation has drawn the attention of Nvidia's board, which is investigating possible foreign intelligence efforts. Huang admitted to the affair in a message sent to employees. His admission coincided with a nearly 4% drop in the company's stock price.

Nvidia's co-founder and CEO Jensen Huang faces potential ousting due to various controversies involving multiple affairs. Reports indicate Huang is involved with two women, including a subordinate at Nvidia. Shareholders have filed a class action lawsuit against him for failing to disclose pertinent information about his relationships. The companys stock has significantly declined following Huang's admission of infidelity.