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Elections 2026Global Business / The Economic Times
Elon Musk has publicly endorsed a petition to reinstate Jensen Huang as CEO of Nvidia. Huang recently resigned amid controversy regarding his alleged extramarital relationships. These relationships have included a woman who is suspected of having ties to Chinese intelligence services. Musk's support joins that of other prominent figures advocating for Huang's return. The situation raises significant questions about Huang's leadership and personal conduct at Nvidia.
FAA flights grounded due to communications issues, affecting multiple sports teams nationwide. College football teams faced delays, with some opting to travel by bus rather than wait for flights. Professional basketball and hockey teams also scrambled to alter travel plans ahead of their scheduled games. Many teams were forced to seek accommodations, with uncertainty lingering about flight availability.
FAA flights grounded: After a nationwide groundstop halted thousands of flights, the Trump administration increased its air traffic control funding request. The official request has risen from $30.1 billion to $50 billion due to ongoing issues. Funding aims to modernize aging airports and enhance air traffic systems across the United States. Major airlines have shown support for this funding request during this critical safety period.
Democratic senators have urged Elon Musk to maintain records pertaining to SpaceX's restrictions on services in Ukraine. These services are crucial for Ukraine's military communication and operations amid ongoing conflicts. The restrictions raised questions about SpaceX's influence on national security communications and decision-making processes. Reports indicated that the service limitations originated within the White House but were later disputed by officials.
US President Donald Trump will travel to the Philippines and China with Elon Musk for important diplomatic meetings. In Manila, he intends to sign a trade deal with Thailand and meet with Southeast Asian leaders. Trump's agenda includes discussions about trade measures and export controls related to advanced computer chips. A trilateral meeting with Xi Jinping and Vladimir Putin is also scheduled during this trip.
A tanker struck the American Heritage paddleboat while it was docked on the Mississippi River in New Orleans. The collision caused the paddleboat to partially submerge, with 129 passengers aboard at the time. Rescuers, including nearby workers and police, promptly responded to assist those in distress. At least 32 individuals required hospitalization, though none suffered critical injuries.
FAA flights grounded reason: US Transportation Secretary Sean Duffy reported that an overloaded air traffic control communications system led to a nationwide groundstop. This issue resulted in more than 10,000 flights being cancelled and delayed across the country. The system experienced inconsistent data due to overloaded switches and routers, prompting the decision to shut it down. Intermittent communication occurred along with intermittent radar problems which contributed to the disruption.
Donald Trump is set to meet with Xi Jinping next week during the Asia-Pacific Economic Cooperation forum in China. Recently, Jensen Huang resigned as CEO of Nvidia amid allegations involving Alice Huang and potential national security concerns. The US Justice Department has not concluded any investigation regarding Alice Huang's affiliations with the Chinese government. Trump is not expected to raise the allegations during his meeting with Xi.
US Secretary of State Marco Rubio acknowledged the economic struggles faced by Americans during his speech to conservatives. He emphasized that economic health should be measured by people's ability to afford necessities, rather than stock market performance. Rubio defended controversial decisions made during the Trump administration regarding foreign policy and claimed international law has been weaponized against U.S. actions.
Jensen Huang, who resigned as CEO of Nvidia following revelations about his affair with Alice Huang, misled company leaders regarding the nature of their relationship, which raised concerns. Internal communications revealed that Huang had described their interactions as standard business dealings. An investigation was launched by Nvidia's board after media reports surfaced about the affair. Nvidia's stock has significantly declined since the news broke, causing losses of over $1.8 trillion.
FAA Ground Stop: This is the first nationwide ground stop since January 2023 when a key FAA computer system malfunctioned. Before that the last time had been after the September 11, 2001 attacks.
S&P 500, Nasdaq's losses came ahead of AI company Anthropic's much-anticipated IPO next week. Nvidia is scheduled to announce earnings report on next Tuesday, November 17.
Iran US War: UN's International Maritime Organization said 25 seafarers died and many others were injured or remain missing following some 134 incidents in the Strait of Hormuz and the wider Middle East maritime area as of November 11.
Bitcoin price crash today: Bitcoin price has dropped to nearly $68,000, its lowest level since August, as more than $856 million in crypto positions were liquidated. ETF outflows and weak demand have added to the pressure, while Anthropic's upcoming IPO raises questions about investor interest in BTC USD and its chances of recovering to $90,000.
Rene Haas has 35 years of experience in semiconductors and systems. Jensen Huang stepped down on Thursday after revelations of extramarital affairs, including one involving a suspected Chinese spy.
Career growth tips: HPE CEO Antonio Neri shares career advice for employees hoping to get promoted, stressing the importance of keeping promises, communicating ambitions and taking responsibility for professional growth. His recommendations come as a 2026 study finds that only 40% of US employees have quality jobs, highlighting gaps in workplace development opportunities.
Social Security's funding crisis may have arrived decades earlier because a smaller share of American income is subject to payroll taxes. AARP estimates the programme could have paid full benefits until 2059 if taxable wages had maintained their 1980s share of the economy. The actual trust fund depletion projections remain 2032 and 2034.
United States has imposed sweeping travel restrictions affecting dozens of countries, many of them in Africa, under proclamations issued during Donald Trumps second administration.
GTA 6 online could launch in 2027, media reports said citing industry insiders. Rockstar Games have not officially confirmed any multiplayer launch window for Grand Theft Auto VI. The multiplayer may be launched a year after the base game, a Bloomberg video said. This is unconfirmed. A PlayStation database discovery has also suggested that there could be some multiplayer development.
Alice Huang received one Megaspeed share for just S$1 on the day she stepped down as managing director in 2023. The corporate filing has drawn attention as the Singapore-based firm faces scrutiny over alleged $7.5 billion Nvidia chip shipments to China, its financial growth and Huang's reported relationship with Jensen Huang.
The IRS has raised the standard deduction, widened federal income tax brackets and increased key family tax credits for 2027. The changes, announced on November 5, cover nearly 70 provisions of the federal tax code. The standard deduction for single filers will rise to $16,600, while married couples filing jointly will get $33,200. The Child Tax Credit will also increase to $2,300 per qualifying child.
After selling more than half a billion units and becoming a worldwide cultural touchstone, production of the cube is returning to Hungary, where its inventor, Erno Rubik, first conceived of the iconic object that bears his name.
SpaceX plans to launch its Starship rocket for the 15th time to test spacecraft recovery. The mission will attempt to catch the spacecraft at the Texas launch site rather than discarding it at sea. Elon Musk envisions regular Starship launches to expand the Starlink satellite network and future AI capabilities. NASA has provided significant funding for the Starship project under the Artemis moon program.
Three zodiac signs could find an opening they might normally pass up in the week ending November 22. Jupiter in Leo and the start of Sagittarius season set the backdrop for a horoscope about trying something different. A lucky break might begin with an invitation, an idea worth testing or a change to the usual routine.
GTA 6 has received its first update before its November 19, 2026 release. The version 1.002.000 update has been released on PlayStation 5. It is also available on Xbox Series X. Rockstar Games have not provided any patch notes to explain what has changed. The 1.07 GB update is being rolled out in stages.
Anthropic plans to list on the Nasdaq on November 19 under the ticker ANT, with shares priced between $70 and $78. The Claude maker plans to offer 825 million shares, potentially raising $64.4 billion. The IPO comes as Nvidia stock reels from a sharp sell-off amid the Jensen Huang fallout. Investors now have another major AI stock to watch, but Anthropic's high computing costs and financial risks remain.
Im a piece of sh*t: Jensen Huang broken after sexpionage scandal; last hrs at NVIDIA revealed!
European leaders are prioritizing a unified diplomatic presence in upcoming Ukraine peace negotiations involving significant parties. President Antonio Costa emphasized the need for a European representation, reflecting collective concerns about security. Discussions include possible candidates to engage effectively with U.S. and Russian officials. Involvement from nations outside the EU, including the U.K. and Norway, is also being considered.
Avril Lavigne has welcomed her first child, a baby girl, at 42, but has kept the identity of the father private. The singer shared the first pictures of her newborn on Instagram, prompting questions about her mystery partner. Her last publicly known relationship was with rapper Tyga, although there is no confirmation that he is the baby's father.
JD Vance is reportedly considering stepping away from his 2028 presidential ambitions after recent Republican losses. The continuing Iran war raises significant concerns regarding voter support and the political climate for the party. Disagreements with Donald Trump over the Iran conflict put Vance in a difficult position. Family considerations may also influence his decision to delay a run for office.
Scott Bessent has publicly criticized the Commerce Department for its delay in implementing export controls on Nvidia chips. He stated that multiple departments, including Treasury, have sought to add Megaspeed to an export control list. Allegations regarding Nvidia's CEO Jensen Huang's scandalous relationship with a suspected Chinese spy have contributed to this issue. The Commerce Secretary's close ties to Huang have sparked congressional scrutiny and demands for explanations.
Nvidias board has approached Arm Holdings CEO Rene Haas as a potential successor to Jensen Huang, the Financial Times reported, citing people familiar with the matter. Haas is among several candidates being considered, but there is no certainty he will be offered the role or accept it.
This Friday the 13th brings several enticing food deals from popular chains across the country. Burger King, Dairy Queen, and Krispy Kreme are among those offering special promotions and discounts. Chipotle is featuring its unique tattoo-themed BOGO deal for customers with tattoos, which is available for a limited time. Meanwhile, other restaurants like Olive Garden and Swig are also participating with appealing offers.
Democrats are exploring collaboration with President Trump to advance significant legislation like universal healthcare. Leaders such as Abdul El-Sayed are proposing initiatives that appeal to Trump's desire for legacy and impact. Despite past tensions, members are indicating a willingness to work across party lines for the American public's benefit. This collaborative approach aims to address pressing issues before the next presidential term begins.
SpaceX launch: SpaceX is preparing for Starship Flight 15 on November 13, with Elon Musks company attempting to catch both the Super Heavy booster and Ship using mechanical arms at its Texas launch site for the first time. The test could move SpaceX closer to fully reusable rockets and support NASAs future Moon mission plans.
The US Transportation Department cited an audit that found New York had been routinely issuing commercial driver licenses to foreign drivers illegally in withholding the funding.
AMD vs. Nvidia stock: AMD has beaten Nvidia by a record 53.2 percentage points in five trading sessions, gaining 44.7% as Nvidia lost 8.5%. Jensen Huangs sudden exit has shaken investor confidence in Nvidia. AMDs record rally faces fresh pressure after Fridays selloff. Both stocks now leave investors with one question; buy AMD after its surge or Nvidia after its fall?
Christian Cousins, an actor known for his role in Kindergarten Cop, has passed away at the age of 43 due to liver disease. His brother Jonas Roeser announced the news on social media, sharing memories of Christian. The twins gained fame in the 1980s and 1990s through various television shows and films. After acting, Christian moved into the furniture business and co-owned a CBD company.

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