The Economic Times

Top Republican lawmakers have requested Nvidia CEO Jensen Huang to provide a briefing on his connections to Alice Huang. This request follows allegations related to national security concerns involving advanced AI chips. Lawmakers emphasized the need to address the extent of risk posed to U.S. national security. Huang's discussions with numerous executives include ordinary business information, according to Nvidia's claims.

Gold prices have seen a surge in early Asian markets, climbing by 0.4% as investors brace for the crucial US non-farm payrolls report. With a projected weekly increase of 5.9%, market sentiment remains optimistic. Two Federal Reserve officials have floated the idea of gradual interest rate hikes to tackle inflation.

Middle Eastern crude exports have increased in September and October, leading to declining spot premiums. Dubai's cash premium to swaps fell to 65 cents a barrel before recovering slightly. Murban crude exports reached a record of 2.4 million barrels per day in September. Asian refiners have shown reduced purchasing interest due to cooling refining margins. Competition with West African crude is intensifying as sellers offer steeper discounts to attract buyers.

Iran has sent a nuclear proposal to the United States via Qatar in response to seven demands. Mediators are actively working to prevent further conflict between Iran and the US after the midterm elections. The US is reportedly reviewing the proposal while Iran has set specific conditions for negotiations. These conditions include lifting sanctions and releasing frozen assets.

Following the Republican Party's recent electoral losses, President Trump's domestic influence appears to have diminished significantly. Despite these setbacks, Trump retains considerable freedom to implement his foreign policy agenda. Democrats are poised to seek increased oversight of Trump's actions, especially concerning Iran and Israel. Challenges may arise as Trump continues to navigate these international affairs amid growing scrutiny.

Paraguay's Ueno Bank has collapsed, leaving customers locked out of their accounts and prompting nationwide protests. President Santiago Pea faces impeachment while being linked to the bank's swift downfall amid allegations of misconduct. The Central Bank had found serious issues with Uenos lending practices prior to its seizure, which caused it to be declared insolvent. Regulators found that the bank issued loans beyond legal limits without proper categorization.

US President Donald Trump linked the recent decline in the stock market to Democratic victories in the midterm elections. He mentioned that retirement savings have been impacted due to the market loss. While the stock market experienced a steep sell-off, the Nasdaq Composite fell significantly. Concerns about restrictions related to technology companies contributed to the downturn in market performance.

Secretary of State Marco Rubio is deliberating on his future within the Trump administration following the Republican midterm losses. He has discussed potential resignation options with White House officials, yet his decision remains undisclosed. The political landscape has shifted significantly, prompting considerations for his next career moves. Rubio's association with Trump's policies is currently under scrutiny from newly empowered Democrats in Congress.

Stock markets down today: Wall Street's post-election rally quickly turned into a major sell-off as the Dow plunged 1,753 points and the Nasdaq entered correction territory. Fears that Democratic victories could slow AI data-center expansion triggered heavy losses in Nvidia, AMD, Micron and other technology stocks, wiping out Wednesday's gains.

JPMorgan Chases banking relationship with the late sex offender Jeffrey Epstein will be probed by the Democrats after they take control of Congress early next year, a report said. The Democrats on the Senate Finance Committee want to know how top executives at JPMorgan dealt with Epstein. Senator Ron Wyden will chair the panel in January next year.

As of late June, an impressive 769,000 people had exceeded $1 million in their workplace retirement accounts. Fidelity revealed that the average 401(k) balance was pegged at $155,800, while the median was notably lower at $35,800. In the second quarter, thanks to a 14.9% increase in the S&P 500, many account holders saw significant recovery.

JPMorgan stock (JPM) today: JPMorgan stock fell 4% on Thursday after a report said Senate Democrats are planning to investigate the banks past relationship with Jeffrey Epstein. The proposed probe could examine decisions made by senior executives, including wealth management chief Mary Erdoes, as other major bank stocks also declined.

The 78-0 vote marked a stunning repudiation of Pena by lawmakers from his long-ruling Colorado Party, who joined the opposition in backing his impeachment after three days of demonstrations rocked the capital, Asuncion.

Hyde-Smith vs Colom: Why Mississippi Senate race got messy for GOP! The Blue Slip twist explained

The iShares Core S&P 500 ETF (IVV) generated the most shareholder value over the last 10 years. According to a Morningstar report, it created $263.1 billion in wealth for investors. Meanwhile, the Invesco QQQ Trust (QQQ) followed with $195.2 billion created for investors. Conversely, the ProShares UltraPro Short QQQ (SQQQ) lost $10 billion during the same decade. Smaller funds often struggled with losses due to market conditions and high-risk categories.

SanDisk stock: SanDisk shares plunged more than 19% on Thursday, extending a six-session slide despite strong quarterly earnings and an upbeat forecast. Growing attention on Chinas CXMT, pressure across memory stocks and concerns about data-centre expansion have added to the sell-off.

The Nov. 915 horoscope singles out Cancer, Virgo and Libra for potential gains in money and work.Cancer could find a partner for a stalled project, while Virgo may feel ready to ask for better pay.

The Bombay High Court affirmed that the Representation of the People Act remains effective during the electoral rolls revision process. It directed the Electoral Registration Officer of Santa Cruz to include the family names in the voter list. The family had applied for a change of address, but their request was initially denied. Following multiple rejections from electoral officials, the court intervened to ensure their voting rights.

US Secretary of State Marco Rubio may be preparing to resign from Trump administration to run for president in 2028, a report said. Around five members from Donald Trumps cabinet could leave the administration. The officials may quit after the public backlash over the rise in energy costs. The White House and the State Department have strongly denied the report.

QQQ stock: Invesco QQQ Trust fell more than 5% toward $655 on Thursday as investors sold technology and semiconductor stocks following the US midterm elections. Qualcomm's disappointing chip sales and concerns over AI data center spending added to the pressure, even as QQQ increased its holdings in Nvidia, Apple and Microsoft on Tuesday.

Paraguayan President Santiago Pena announced his resignation after the central bank's takeover of Ueno Bank left three million depositors, including pensioners, unable to access their money. The crisis triggered protests, an impeachment push and accusations of political favouritism against Pena, whose own Colorado Party backed his removal.

President Donald Trump's administration engaged in secret discussions with Iran about deporting Iranians while the war continued. Court documents reveal that the administration planned to deport Iranians via a third country. The judge demanded the government provide notice of any deportation plans involving Iranians. A lawsuit alleges that immigration agencies shared confidential information with the Iranian government, risking the lives of many individuals.

'Humanity over war': Melania Trump makes emotional appeal to Russia, Ukraine | Oleshky ceasefire

Novembers Beaver Moon turns full on Tuesday, Nov. 24, and is best viewed as it rises in the northeast around sunset.Find a spot with a clear view of the horizon and check your local moonrise time before heading out.

Abdul El-Sayed's recent election to the U.S. Senate signifies a notable milestone for American Muslim political engagement. Despite facing anti-Muslim rhetoric during the campaign, he won support for his policies and values. His victory is viewed as a rejection of hate and discrimination against Muslim Americans. Residents of Dearborn expressed pride in seeing an individual representative of their community elected to office.

Michael Burry's warning about an AI bubble is back in focus as Wall Street loses more than $2 trillion in market value. On Thursday, November 5, AMD shares plunged around 12%, SanDisk fell 14%, Micron dropped 10%, while Nvidia lost nearly 7%. Tesla and Palantir also fell 9% and 8%, respectively. The sell-off spread across chipmakers, memory companies and AI infrastructure stocks. The Dow fell 2.36%, the S&P 500 dropped 3.11%, and the Nasdaq sank 4.20%, as investors questioned whether massive AI

US hospital operators are experiencing revenue pressure due to an increase in uninsured patients affecting their operating margins. The expiration of federal subsidies is causing ACA exchange premiums to rise sharply, leading to more patients losing coverage. Major hospital chains are bracing for declines in Medicaid supplemental payments that could hit their finances hard. Analysts caution that forthcoming changes to Medicaid requirements might exacerbate issues for hospital operators.

The race in Colorado's 4th District is heating up as Lauren Boebert trails Democrat Eileen Laubacher by just over 2,500 votes, with most ballots tallied. This close contest could signal an important transformation in Colorado's political landscape, traditionally dominated by Republicans. With increased Democratic voter involvement noted in other areas, both candidates remain vigilant as they await the final results to determine their next steps.

Bitcoin (BTC USD) price crash today: Bitcoin has fallen back toward $76,000 after failing to hold its recovery above $80,000. A sell-off in technology stocks added to the pressure, while nearly $370 million in leveraged crypto positions were liquidated in about an hour. Traders are now watching the $75,000 level.

MU stock price today: Micron stock is falling as Wall Street faces a sharp selloff in technology shares. The Nasdaq dropped 3.72% on Thursday, while the Dow and S&P 500 also lost more than 2%. Nvidia and Tesla shares fell sharply, adding to the pressure on chip stocks. Micron faces another problem; a reported halt to its $4.5 billion Taiwan plant has raised fresh questions about its future AI memory production.

At a White House event, Kirill Dmitriev recognized Melania Trump's efforts in securing a ceasefire in Oleshky. He mentioned that Russian President Vladimir Putin had personally instructed the operation. The ceasefire was signed on October 23 and involved representatives from both Russia and Ukraine. The event was organized to honor the humanitarian role played by Melania Trump. Dmitriev also conveyed Putin's gratitude for her contributions to the peace efforts.

Texas Governor-elect Gina Hinojosa wants to send a one-time $1,500 check to every household in the state. Her plan would draw billions from the states emergency reserve and needs approval from Texas lawmakers.

US President Donald Trump questioned election results in Alaska even as Democrats extended their historic midterm gains, with Mississippi emerging as another potential Senate breakthrough. Republican losses across traditional strongholds have reshaped Congress, while Florida Governor Ron DeSantis described the party's electoral setback as an extinction-level event.

The Paris march began peacefully on Thursday afternoon at Place de la Republique. The large crowd included many students carrying signs reading, Inequalities seriously jeopardize our future and We can't spend our whole lives just trying to make a living. They were joined by workers and retirees demanding higher wages and pensions.

NVDA stock price today: Nvidia stock has come under fresh pressure amid concerns that data center restrictions could slow AI infrastructure spending. Shares fell below $200, but analysts remain bullish, with average price targets pointing to significant upside ahead of the company's November 17 earnings report.

US stock market crash today: The Dow, Nasdaq and S&P 500 are all trading in the red, while some of the biggest semiconductor stocks are losing ground. Micron (MU), SanDisk (SNDK), AMD and Qualcomm (QCOM) are among the hardest hit, with Western Digital and Seagate also extending their losses. Qualcomm's weaker revenue and cautious outlook have added to concerns about chip demand. But why are AI and memory chip stocks falling so sharply?

The two regional powerhouses restored ties in 2023 after a freeze but have been at odds over the war in Yemen, where the Houthis are fighting the Saudi-backed internationally recognised government and have repeatedly launched attacks on the kingdom.

Russell Brand has been convicted of rape and sexual assault after a detailed three-week trial at Southwark Crown Court. The jury reached a unanimous verdict based on testimonies from six women concerning events spanning a decade, from 1999 to 2009. Brand, who maintains that his sexual interactions were consensual, is now awaiting sentencing that may lead to a significant prison sentence.

Gadi Eisenkot has surpassed the parliamentary threshold by gaining 67 endorsements to form Israel's government. His endorsements come after consultations with President Isaac Herzog and include support from various opposition groups. Meanwhile, Prime Minister Benjamin Netanyahu's support dwindled to 46 as his traditional ally abstained from endorsing him. The decision by United Torah Judaism highlights growing frustration over unfulfilled promises regarding military exemptions.