Business Times
News, intelligence, and analysis on the forces reshaping the global economy.
Nvidia Loses $190 Billion in Market Value Before Shareholders Sue Over Alleged Jensen Huang Spy Ties
Nvidia and Chief Executive Jensen Huang were sued by shareholders Monday over what investors were told about his alleged relationship with a woman reportedly identified by U.S. intelligence as a Chinese intelligence asset. The complaint was filed five minutes after Nvidia shares closed down 4.3%, wiping about $190 billion from the chipmaker's
King Charles and Prince William Face ‘Quiet Act of Revenge’ Claim Over Harry and Meghan’s Christmas
Prince Harry and Meghan Markle are unlikely to receive an invitation to the royal family's Christmas gathering at Sandringham, royal editor Emily Andrews wrote in Woman & Home, describing the reported decision by King Charles III and Prince William as "arguably a quiet act of revenge."
Iran Appears to Drop Demand for Control of Strait of Hormuz in New U.S. Proposal
Iran has offered to stop attacking vessels belonging to Gulf states if the United States lifts its blockade and releases about $8 billion in frozen Iranian funds held in Qatar, Israel Hayom reported. The reported proposal makes no mention of Iran's earlier demand to control the Strait of Hormuz, though Tehran has not publicly confirmed that it
Trump Defends Sons’ Crypto Business as Reported $500 Million UAE Deal Draws Scrutiny
President Donald Trump defended retaining an ownership stake in World Liberty Financial while his sons run the cryptocurrency business, as a reported $500 million investment linked to the United Arab Emirates draws renewed congressional scrutiny.
Nvidia Shares Drop 5% as Board Investigates Alleged Foreign Intelligence Effort Targeting Jensen Huang
Nvidia shares fell about 5% in premarket trading Monday after the chipmaker announced an independent investigation into reports that Chief Executive Jensen Huang had been targeted by a foreign intelligence operation, putting his leadership and the company's security safeguards under scrutiny.
Prince Harry and Meghan Markle Reportedly Plan First British Christmas in Eight Years
Prince Harry and Meghan Markle are reportedly making early plans to spend Christmas in the Cotswolds, with Meghan's mother, Doria Ragland, possibly joining them. If the plans go ahead, it would be the couple's first Christmas in Britain in eight years and the first that their children, Prince Archie and Princess Lilibet, have spent there.
Meghan Markle’s Father, Thomas Markle Sr., Arrested by FBI in Florida
FBI agents arrested Thomas Markle Sr., the estranged father of Meghan, Duchess of Sussex, in Florida on Friday on one federal count of possessing child sexual abuse material, according to the U.S. Attorney's Office for the Central District of California.
Hegseth Refuses to Resign, Calls Iran War a ‘Courageous and Historic Effort’ After GOP Losses
Defense Secretary Pete Hegseth rejected calls to resign Thursday and defended the U.S.-Israeli war against Iran as a "courageous and historic effort," days after Republicans lost control of the House and Senate in midterm elections that put his handling of the conflict under scrutiny.