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BUSINESS

  • ‘Fake News’: NVIDIA CEO Shuts Down Feud Rumors, Blackwell AI Chip Ready to Roll NVIDIA CEO Jensen Huang announced that Taiwan's TSMC has fixed all design flaws in the company's latest AI chip, Blackwell.
  • LinkedIn Slapped with $335M Fine Over Targeted Ads Violations in Europe The Irish Data Protection Commission fined LinkedIn €310 million for violations of GDPR related to targeted advertising practices.
  • Palladium Prices Spike 9.5% on Potential G7 Sanctions Against Russia’s Metals Palladium prices surged 9.5% after the U.S. proposed G7 sanctions on Russian minerals, raising supply concerns amid market anxiety.
  • NVIDIA’s Jensen Huang Warns Europe: Don’t Fall Behind the U.S. and China in AI During his visit to Copenhagen on Wednesday, Huang mentioned that the EU is far behind the U.S. and China regarding AI investment.
  • Tesla Breaks Records Again – 7 Million EVs in Just 12 Months Tesla hits 7M EVs produced, all pure electric, bolstered by Shanghai Gigafactory. Q3 net profit rises to $2.17B amid growth.
  • Lithium Goldmine in Arkansas: Could Reshape Global Battery Market by 2030 Researchers discovered significant lithium reserves in Arkansas, potentially exceeding global battery demand and reshaping the EV market.
  • Apple's Tim Cook Returns to China After 7 Months as iPhone Sales Falter Tim Cook visits China amid declining iPhone sales, meeting students and promoting discounts ahead of Singles' Day.
  • E. Coli Hits McDonald's, 49 Hospitalized: Onions and Beef at the Center of Investigation On Tuesday, the Centers for Disease Control and Prevention (CDC) confirmed cases in 10 states, with one death and 49 people hospitalized.
  • WTI Crude Rebounds After Middle East Tensions and China’s Rate Cut As military tensions escalated in the Middle East, the price of West Texas Intermediate (WTI) crude oil surged in the New York oil market.
  • Gold Hits Record High as Middle East Tensions and U.S. Election Fuel Demand Gold and silver prices surge amid election uncertainty and geopolitical risks, with gold reaching record highs of $2,740.
  • China and Turkey Set to Dominate Rare Earth Market with New Partnership China and Turkey signed an MOU to enhance cooperation in rare earth mining, aiming to strengthen global supply chains.
  • Musk Eyes Global Dominance: Tesla Semi Truck Heading for Europe and Beyond Elon Musk aims for the Tesla Semi truck to become a global product, with potential production in Europe and China by 2026.
  • Apple’s Big EV Battery Collaboration with BYD—But Why Did It End? Apple's collaboration with Chinese battery company BYD on battery development for its now-canceled Apple Car project has been revealed.
  • Johnson & Johnson Crushes Q3 Expectations—Here’s Why Investors Should Take Notice According to KB Securities, Johnson & Johnson surpassed market expectations with its third-quarter earnings.
  • GM CEO Warns of 'Race to the Bottom' as Chinese EVs Take Over the Market Mary Barra warns of fierce competition from Chinese EV makers, stressing GM must offer affordable options to remain competitive.
  • Elon Musk’s xAI Hiring AI Tutors—$65/hr for Bilingual Experts Elon Musk's xAI is hiring AI Tutors to generate data for NLP algorithms, offering remote contracts at $35-$65 per hour.
  • Intel Under Fire in China: Security Reviews Threaten Billions in Revenue Intel faces strict security reviews in China over product vulnerabilities, raising concerns about its financial impact amid trade tensions.
  • NVIDIA Seeks to Cut Ties with TSMC—Samsung Set to Step In NVIDIA is in talks with Samsung to manufacture gaming chips, seeking discounts to reduce reliance on TSMC amid production issues.
  • Nvidia Slips 5% After U.S. Considers New AI Chip Export Restrictions Semiconductor stocks took a sharp hit on the New York Stock Exchange, with Nvidia, a leader in AI chips, seeing a nearly 5% drop.
  • Massive Fire Halts Copper Production at World's Largest Plant in Indonesia A fire at Freeport Indonesia's copper plant halted production, raising concerns over export controls and the plant's operational future.
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