Nvidia shares drop on report of Meta Google AI chip talks

EU antitrust investigation into its use of online content for AI training.

Shares of Nvidia Corp. fell Monday following reports that Meta Platforms Inc. is in discussions to acquire Google’s tensor processing units, or TPUs, for use in its data centers.  The news highlighted growing competition in the AI chip market and raised questions about Nvidia’s continued dominance. According to reports from The Information, Meta is exploring … Read more

Oil prices decline amid Ukraine peace talks and Fed rate cut speculation

Graph showing oil prices decline amid Ukraine peace talks and Fed rate cut speculation

Oil prices continued their decline on Monday as investors balanced the possibility of a US interest rate cut against emerging hopes for a Ukraine peace agreement that could ease sanctions on major Russian oil producers.  Brent crude fell 58 cents, or 0.9 percent, to $61.98 per barrel, while West Texas Intermediate (WTI) slid 60 cents, … Read more

JFK’s granddaughter Tatiana Schlossberg diagnosed with acute myeloid leukemia, given less than a year to live

Tatiana Schlossberg, JFK’s granddaughter, diagnosed with acute myeloid leukemia

Tatiana Schlossberg, 35, granddaughter of late President John F. Kennedy, revealed Saturday that she has been diagnosed with terminal cancer.  In an essay for The New Yorker, Schlossberg detailed her diagnosis of acute myeloid leukemia and said her doctors expect she may live less than a year. Schlossberg, a journalist and daughter of Caroline Kennedy … Read more

Zohran Mamdani Trump meeting draws attention in Oval Office encounter

Zohran Mamdani and former President Donald Trump speaking to reporters in the Oval Office during their Zohran Mamdani Trump meeting.

WASHINGTON — Zohran Mamdani, the newly elected mayor of New York City, sat across from former President Donald Trump in the Oval Office Friday in a meeting that quickly became a media spectacle, drawing attention from political observers and the public alike. The 34 year old mayor elect faced pointed questions from reporters about whether … Read more

Marjorie Taylor Greene resigns from Congress after Trump fallout

Marjorie Taylor Greene resigns from Congress amid fallout with Donald Trump, speaking at a press event in Georgia

ATLANTA — Republican Rep. Marjorie Taylor Greene of Georgia announced Friday night that she will resign her seat in the US House of Representatives, with her last day in office set for Jan. 5.  The unexpected move follows a highly public dispute with former President Donald Trump, a figure she ardently supported. Greene, 51, has represented … Read more

Asian chip shares tumble as SoftBank leads selloff after Nvidia slump

A digital stock market display showing declines in major technology companies including SoftBank, Nvidia, Samsung and Hynix, reflecting a broader drop in Asian chip shares.

Asian chip shares tumbled Friday in a broad market pullback triggered by Nvidia’s overnight slump, shaking investor confidence despite the US chipmaker’s stronger than expected earnings and optimistic guidance.  SoftBank, a key player in global semiconductor and AI investments, led the downturn with a double digit fall that rattled Tokyo markets. The selloff unfolded hours … Read more

Year End Rally Possible Despite AI Slump and Tech Sector Pressure

Stock market chart showing tech stocks and Nasdaq trends amid AI slump, highlighting potential year-end rally.

Wall Street could still finish the year on a high note, even as technology stocks struggle and the artificial intelligence slump deepens.  The Nasdaq Composite slid 0.84 percent on Monday as major tech names, including Apple, Meta and Oracle, all declined more than one percent. Nvidia, a bellwether for AI growth, dropped nearly two percent ahead … Read more

Google boss warns no company will be immune if AI bubble bursts

Google CEO Sundar Pichai warns no company will be immune if the AI bubble bursts amid soaring investments in artificial intelligence

SAN FRANCISCO — Every company, including tech giants like Google, could face consequences if the current artificial intelligence (AI) investment boom collapses, Sundar Pichai, chief executive of Google’s parent company Alphabet, told the BBC in an exclusive interview.  Pichai described the AI growth surge as an “extraordinary moment,” but cautioned that some “irrationality” had emerged … Read more

Iran tanker seizure confirmed in Strait of Hormuz amid rising maritime tensions

Iran tanker seizure in the Strait of Hormuz with crew and cargo details under investigation

Iran’s Islamic Revolutionary Guard Corps confirmed Friday that it had seized the Marshall Islands flagged tanker Talara in the Strait of Hormuz, a strategic waterway through which roughly one fifth of the world’s traded oil passes.  The vessel, which was en route from the United Arab Emirates to Singapore, was reportedly carrying high sulphur gasoil, … Read more

US clears way for talks on Lukoil foreign assets sale

U.S. officials discuss the sale of Lukoil foreign assets amid sanctions on Russian oil companies

WASHINGTON — The US Treasury Department on Friday issued licenses that permit potential buyers to negotiate the purchase of Russia’s Lukoil foreign assets, even as the company remains under sweeping sanctions.  The decision comes amid growing international concern over the impact of Russian oil sanctions on global energy markets. The US imposed sanctions on Lukoil … Read more