Business · Los Angeles, CA
City officials joined the buyers of Oceanwide Plaza on Thursday to celebrate the removal of spray-painted graffiti splashed as high as 54 stories that threatened to become an unwelcome icon for the city during the 2028 Olympics as the bankruptcy sale of the hotel, residential and retail complex dragged on for almost two years.
NYT > Business · Business
The revelations surrounding Jensen Huang, who resigned from Nvidia over extramarital affairs, inspired social media posts using the very technology his company helped develop.
WSJ.com: US Business · Business
Plus, Trump said the U.S. doesn’t need a deal with Iran, and the U.S. Army officer arrested in the U.K. over allegations of spying for Russia was identified.
WSJ.com: Markets · Business
U.S. stocks slipped after the sudden ouster of one of the key architects of the artificial-intelligence boom sent shockwaves through the technology sector.
NPR Topics: Business · Business
The chip giant Nvidia announced that CEO Jensen Huang was stepping down following allegations that he'd had extramarital affairs, including one with a woman suspected of being a Chinese spy.
WSJ.com: Markets · Business
Oil futures rose after President Trump said the U.S. doesn’t need to reach a deal with Iran, adding risk premium back into the market despite the recent increase in supply from the Middle East.
WSJ.com: US Business · Business
Find insight on United Airlines, Hapag-Lloyd, Qantas Airways and more in the latest Market Talks covering the auto and transport sector.
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Find insight on gold futures, Hudbay Minerals, palm oil and more in the latest Market Talks covering basic materials.
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U.S. natural gas futures rose as a colder near-term weather outlook supported heating demand expectations along with solid LNG exports.
WSJ.com: US Business · Business
The company posted a first-quarter profit of $4.55 billion, driven by high demand in the agentic artificial-intelligence market.
WSJ.com: US Business · Business
The maker of organic snacks no longer expects to log an adjusted profit for the year after recalling its Tractor Wheels snacks, which made up 18% of the sales.
WSJ.com: Markets · Business
Nvidia’s crisis divides the AI trade between companies dependent on Huang’s patronage, and those that didn’t need his chips or financing deals.
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Prosecutors said the employee netted $70,000 in profits related to client matters including Paramount’s acquisition of Warner Bros.
WSJ.com: US Business · Business
The semiconductor company posted a profit of $2.72 billion in the fourth quarter, fueled by artificial intelligence-driven demand for semiconductor services.
WSJ.com: US Business · Business
The company now expects core revenue of between $940 million and $960 million for the year on continued demand for its cloud services, even as direct sales of its artificial-intelligence chips fell.
WSJ.com: Markets · Business
The U.S. dollar strengthened against major currencies, and Convera said the currency was likely to stay elevated due to increased Fed rate-hike expectations.
NYT > Business · Business
News that the chipmaker’s chief executive, Jensen Huang, resigned drove Nvidia’s stock down, though the broader market rose slightly.
NYT > Business · Business
Nvidia’s ousted leader was a unique rhetorical and financial booster for investments that are driving economic growth.
WSJ.com: US Business · Business
Oil prices rebounded from initial losses and closed higher after President Trump said the U.S. doesn’t need a deal with Iran, putting some risk premium back into the market.
WSJ.com: Markets · Business
Kalshi says it is different from a sportsbook. Utah says Kalshi’s own trading arm acts like the house.
NYT > Business · Business
Elon Musk’s rocket and artificial intelligence company has spent billions to develop the giant warehouses full of computer servers that power the technology.
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The average 30-year, fixed-rate home loan fell slightly, to 7.11 percent, pushing buyers and sellers to the sidelines until conditions improve.
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Christian Lamarco, a 31-year-old short seller and trader, warned about financial and personal problems at Nvidia in May.
NYT > Business · Business
In a statement, Singapore said it held Alice Huang’s passport months after President Trump was briefed that she was a spy.
