Month: December 2025
Nvidia CEO Jensen Huang talks chip restrictions with Trump, blasts state-by-state AI regulations
Nvidia CEO Jensen Huang said he met with President Donald Trump on Wednesday and that the two men discussed chip export restrictions, as lawmakers consider a proposal to limit exports of advanced artificial intelligence chips to nations like China. “I’ve said it repeatedly that we support export controls, and that we should ensure that American […]
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Dan Niles says his best idea right now is cash. Here’s what else he likes
In a market that could soon be topping out, the best investment idea right now is cash, according to Dan Niles, founder of Niles Investment Management. The market moved higher on Wednesday, but Microsoft shares fell after The Information reported the company was slashing software sales quotas tied to artificial intelligence. Microsoft denied the report […]
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OpenAI to acquire Neptune, a startup that helps with AI model training
OpenAI CEO Sam Altman attends an event to pitch AI for businesses in Tokyo, Japan February 3, 2025. Kim Kyung-hoon | Reuters OpenAI has entered into a definitive agreement to acquire Neptune, a startup that builds monitoring and de-bugging tools that artificial intelligence companies use as they train models. Neptune and OpenAI have collaborated on […]
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Jeffrey Epstein island photos and videos released as top banks share files with House Oversight Committee
Photo released by the House Oversight Committee Democrats shows the property of Jeffrey Epstein’s private island home on Little St. James. Source: House Oversight Committee Democrats House Democrats on Wednesday revealed new photos and videos from Jeffrey Epstein’s private island in the U.S. Virgin Islands, and revealed that two major banks have handed over records […]
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Micron stops selling memory to consumers as demand spikes from AI chips
A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025. Justin Sullivan | Getty Images Micron said on Wednesday that it plans to stop selling memory to consumers to focus on meeting demand for high-powered artificial intelligence chips. “The AI-driven growth in the data center has led […]
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Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision
NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 […]
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Stocks making the biggest moves midday: Microsoft, Netflix, Marvell Technology, GitLab & more
Check out the companies making the biggest moves midday: Genius Sports — The sports analytics company jumped 8% after setting lofty 2028 targets at its investor day. Genius sees ” group revenue ” totaling $1.2 billion by then, along with free cash flow of $220 million. Netflix — Shares declined 5% as investors waited to […]
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Fanatics launches prediction market in 24 states
Sports merchandiser Fanatics announced Wednesday it’s launching Fanatics Markets, its own prediction market, in 24 states this week, including California, Texas, Florida and Washington. The platform will allow people to trade on events in sports, finance and culture, according to Fanatics, and will launch in segments across the country over the next several days. The […]
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Trump pardons Texas Democratic Rep. Cuellar in bribery and conspiracy case
Rep. Henry Cuellar, D-Texas, is seen after a meeting of the House Democratic Caucus in the U.S. Capitol on Wednesday, June 8, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images President Donald Trump pardoned Texas Democratic Rep. Henry Cuellar and his wife in a federal bribery and conspiracy case on Wednesday, citing what he called a “weaponized” justice system. […]
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Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says
Commerce Secretary Howard Lutnick on Wednesday denied that the Trump administration’s tariff policies were to blame after a new report showed a surprise drop in private payrolls in November. Instead, Lutnick argued on CNBC’s “Squawk on the Street” that the government shutdown temporarily slowed small-business activity. He added that the federal efforts to enact mass […]
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