Biden faces backlash after pardoning son Hunter
WASHINGTON — A nearly two-year investigation by Democratic senators of Supreme Court ethics details more luxury travel by Justice Clarence Thomas and urges Congress to establish a way to enforce a new code of conduct. Any movement on the issue appears unlikely as Republicans prepare to take control of the Senate in January, underscoring the hurdles in imposing restrictions on a separate branch of government even as public confidence in the court has fallen to record lows. The 93-page report released Saturday by the Democratic majority of the Senate Judiciary Committee found additional travel taken in 2021 by Thomas but not reported on his annual financial disclosure form: a private jet flight to New York's Adirondacks in July and jet and yacht trip to New York City sponsored by billionaire Harlan Crow in October, one of more than two dozen times detailed in the report that Thomas took luxury travel and gifts from wealthy benefactors. The court adopted its first code of ethics in 2023, but it leaves compliance to each of the nine justices. "The highest court in the land can't have the lowest ethical standards," the committee chairman, Illinois Sen. Dick Durbin, said in a statement. He has long called for an enforceable code of ethics. Republicans protested the subpoenas authorized for Crow and others as part of the investigation. No Republicans signed on to the final report, and no formal report from them was expected. A spokesman for Crow said he voluntarily agreed to provide information for the investigation, which did not pinpoint any specific instances of undue influence. Crow said in a statement that Thomas and his wife Ginni had been unfairly maligned. "They are good and honorable people and no one should be treated this way," he said. Attorney Mark Paoletta, a longtime friend of Thomas who has been tapped for the incoming Trump administration, said the report was aimed at conservatives whose rulings Democrats disagreed with. "This entire investigation was never about 'ethics' but about trying to undermine the Supreme Court," Paoletta said in a statement posted on X. The court did not immediately respond to a request for comment. Thomas has said he was not required to disclose the trips that he and his wife took with Crow because the big donor is a close friend of the family and disclosure of that type of travel was not previously required. The new ethics code does explicitly require it, and Thomas has since gone back and reported some travel. The report traces back to Justice Antonin Scalia, saying he "established the practice" of accepting undisclosed gifts and hundreds of trips over his decades on the bench. The late Justice Ruth Bader Ginsberg and retired Justice Stephen Breyer also took subsided trips but disclosed them on their annual forms, it said. The investigation found that Thomas has accepted gifts and travel from wealthy benefactors worth more than $4.75 million by some estimates since his 1991 confirmation and failed to disclose much of it. "The number, value, and extravagance of the gifts accepted by Justice Thomas have no comparison in modern American history," according to the report. It also detailed a 2008 luxury trip to Alaska taken by Justice Samuel Alito. He has said he was exempted from disclosing the trip under previous ethical rules. Alito also declined calls to withdraw from cases involving Donald Trump or the Jan. 6, 2021, attack on the Capitol after flags associated with the riot were seen flying at two of Alito's homes. Alito has said the flags were raised by this wife. Thomas has ignored calls to step aside from cases involving Trump, too. Ginni Thomas supported Trump's efforts to overturn the 2020 presidential election that the Republican lost to Democrat Joe Biden. The report also pointed to scrutiny of Justice Sonia Sotomayor, who, aided by her staff, has advanced sales of her books through college visits over the past decade. Justices have also heard cases involving their book publishers, or involving companies in which justices owned stock. Biden has been the most prominent Democrat calling for a binding code of conduct. Justice Elena Kagan has publicly backed adopting an enforcement mechanism, though some ethics experts have said it could be legally tricky. Justice Neil Gorsuch recently cited the code when he recused himself from an environmental case. He had been facing calls to step aside because the outcome could stand to benefit a Colorado billionaire whom Gorsuch represented before becoming a judge. The report also calls for changes in the Judicial Conference, the federal courts' oversight body led by Chief Justice John Roberts, and further investigation by Congress. Copyright 2024 NPR
Syrian government services come to a 'complete halt' as state workers stay homeQuantum computing stocks have emerged as one of 2024's hottest investment themes, with the Defiance Quantum ETF ( QTUM 4.63% ) soaring 49.4% year to date, nearly doubling the S&P 500 's robust 24.3% gain. While widespread commercial quantum computers might take years to develop, major technological breakthroughs have sparked an early rush into what many see as the next computing revolution. The excitement isn't just speculative hype. Quantum computing achieved two groundbreaking milestones in 2024, suggesting we're approaching a technological tipping point. Alphabet ( GOOG 1.72% ) ( GOOGL 1.54% ) made history with its Willow quantum computing system, which demonstrated the ability to reduce errors as the number of qubits increases exponentially. This breakthrough solves a challenge that has stumped researchers for nearly 30 years. Even more impressively, Willow completed a benchmark computation in under five minutes that would require today's fastest supercomputers 10 septillion years to solve -- a timespan far greater than the universe's age. Meanwhile, quantum computing start-up Infleqtion, working with Nvidia ( NVDA 3.08% ) , achieved another first by demonstrating a practical materials science application using logical qubits. This breakthrough, which delivered a 6x boost in computational accuracy, hints at quantum computing's potential to revolutionize everything from battery technology to superconductors. While quantum computing remains in its infancy, these early breakthroughs, spurred by tech giants Alphabet and Nvidia, suggest we might be at the dawn of a computing revolution. Two companies are pioneering this transformative technology that could supercharge your portfolio in 2025 and beyond. Industry leadership through quantum execution Trapped-ion quantum computing leader IonQ ( IONQ 17.64% ) has emerged as one of 2024's standout quantum computing stocks. The company's novel approach uses ionized atoms as the heart of its quantum systems, enabling longer and more sophisticated calculations with fewer errors than competing approaches. IonQ's platform integrates with all major cloud providers and supports multiple programming languages, making quantum computing highly accessible to developers and researchers. The company's competitive advantages come from deep academic roots in ion trap technology spanning over 25 years of research and proven commercial traction through government and enterprise partnerships. IonQ has also expanded into quantum networking, working at the intersection of quantum computing and the future quantum internet. However, despite IonQ's impressive 258.5% stock gain in 2024, the company remains unprofitable and faces significant technological and commercialization risks. The quantum computing industry is still in its early stages, with uncertain timelines for achieving practical advantages over classical computers. Competition from tech giants and other quantum start-ups and the potential for technological obsolescence represent key risks to IonQ's market position. While IonQ's valuation may seem steep after its stellar 2024 run, with shares trading at nearly 250 times trailing sales, the company's growing commercial momentum, expanding quantum networking business, and strong balance sheet of $382.8 million at the end of the most recent quarter put it in pole position to capture a significant share of what could become a multitrillion-dollar quantum computing market. For investors with a high risk tolerance and a long-term horizon, IonQ offers pure-play exposure to one of technology's most promising frontiers. Industry leadership through superconducting innovation Quantum computing pioneer Rigetti Computing ( RGTI 25.43% ) takes a fundamentally different approach to quantum computing than IonQ, using superconducting circuits instead of trapped ions. The company's vertically integrated strategy includes Fab-1, the industry's first dedicated quantum foundry, giving Rigetti control over the entire quantum chip development process. This in-house manufacturing capability allows for rapid innovation cycles and helps protect against supply chain risks. The company's latest Ankaa quantum processor architecture has achieved 98% two-qubit gate fidelity, marking significant progress in quantum performance. Rigetti's strategy focuses heavily on scalability through a modular chip design that allows larger quantum systems to be built from smaller, identical components. The company has also built strong partnerships across government, research, and commercial sectors. However, like other quantum companies, Rigetti faces major technological hurdles and remains unprofitable. The stock's 851.2% surge in 2024 and valuation at 130 times sales indicate investors are pricing in significant future growth potential. Still, with its integrated manufacturing approach, improving quantum performance metrics, and clear technology roadmap through 2025, Rigetti offers an intriguing pure-play option for investors seeking exposure to superconducting quantum computing technology. The quantum investing strategy: Pure plays versus tech giants While tech giants like Alphabet and Nvidia have made significant strides in quantum computing, their massive market capitalizations mean quantum breakthroughs will likely have minimal impact on their stock prices. Pure-play quantum companies like IonQ and Rigetti offer more direct exposure to the technology's potential, though with considerably higher risk. Each represents a different technological approach -- trapped ions versus superconducting circuits -- and both could emerge as winners in what may become a massive new computing market. Given quantum computing's early stage and technical complexity, however, many investors may prefer a more diversified approach. The Defiance Quantum ETF offers exactly that, balancing pure-play quantum stocks with established tech leaders advancing the technology . With quantum computing potentially approaching an inflection point, investors now have multiple ways to position themselves for what could become one of the most transformative technologies of our time.
SAN DIEGO , Dec. 22, 2024 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Enphase Energy, Inc. (NASDAQ: ENPH ) common stock between April 25, 2023 and October 22, 2024 , both dates inclusive (the "Class Period"), have until February 11, 2025 to seek appointment as lead plaintiff of the Enphase Energy class action lawsuit. Captioned The Trustees of the Welfare and Pension Funds of Local 464A - Pension Fund v. Enphase Energy, Inc. , No. 24-cv-09038 (N.D. Cal.), the Enphase Energy class action lawsuit charges Enphase Energy as well as certain of Enphase Energy's top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Enphase Energy class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-enphase-energy-class-action-lawsuit-enph.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected] . CASE ALLEGATIONS : Enphase Energy designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry. The Enphase Energy class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that defendants systematically overstated Enphase Energy's ability to maintain its pricing levels and market share for microinverter products in Europe in the face of competition from low-cost, Chinese alternatives. The Enphase Energy class action lawsuit further alleges that on October 26, 2023 , Enphase Energy announced that third quarter 2023 "revenue in Europe decreased approximately 34%, compared to the second quarter of 2023 due to . . . softening in demand in our key markets – the Netherlands , France , and Germany ." On this news, the price of Enphase Energy common stock fell nearly 15%, according to the complaint. Then, the Enphase Energy class action lawsuit further alleges that on October 22, 2024 Enphase Energy announced its third quarter 2024 financial results and revealed that "revenue in Europe decreased approximately 15% for the third quarter of 2024, compared to the second quarter of 2024" due to "further softening in European demand." On this news, the price of Enphase Energy common stock fell nearly 15%, according to the Enphase Energy class action lawsuit. THE LEAD PLAINTIFF PROCESS : The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Enphase Energy common stock during the Class Period to seek appointment as lead plaintiff in the Enphase Energy class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Enphase Energy class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Enphase Energy class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Enphase Energy class action lawsuit. ABOUT ROBBINS GELLER : Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities- fraud .html Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 [email protected] SOURCE Robbins Geller Rudman & Dowd LLP
US stocks are rising near records and adding to last week’s gains. The S&P 500 was 0.1 per cent higher, as of 12:56 p.m. Eastern time, and sitting a bit below its all-time high set two weeks ago. The Dow Jones added 286 points, or 0.7 per cent, to its own record set on Friday, while the Nasdaq composite was 0.1 per cent higher. Wall Street has kicked off the week with more gains. Credit: AP The Australian sharemarket is set to edge higher, with futures at 4.54 pointing to a rise of 12 points, or 0.1 per cent, at the open. The ASX added 0.3 per cent on Monday. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury Secretary. Bessent has advocated for reducing the US government’s deficit, which is how much more it spends than it takes in through tax and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44 per cent immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.30 per cent Monday, down from 4.41 per cent late on Friday. That’s a notable move, and lower yields help make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also slid. The Fed began cutting its main interest rate just a couple of months ago from a two-decade high, hoping to keep the job market humming after bringing high inflation nearly all the way down to its 2 per cent target. But immediately after Trump’s victory, traders reduced bets for how many cuts the Fed may deliver next year. They were worried Trump’s preference for lower tax rates and higher spending on the border would balloon the national debt. On Monday, traders went back to increasing their bets for the number of cuts possible in 2025, according to data from CME Group. A report coming on Wednesday could influence how much the Fed may cut rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8 per cent last month from 2.7 per cent in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4 per cent, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. In the stock market, Bath & Body Works jumped 14.8 per cent after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient US shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart, which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday its sales for the latest quarter were in line with its expectations, but it will delay the release of its full financial results. It found a single employee had intentionally hid up to $US154 million ($237 million) in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 3.3 per cent. Among the market’s leaders were several companies related to the housing industry. Monday’s drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 6.8 per cent for one of the biggest gains in the S&P 500. Among homebuilders, D.R. Horton climbed 6.1 per cent, PulteGroup added 5.9 per cent and Lennar rose 5.5 per cent. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading around $95,300 after threatening to hit $100,000 late last week for the first time. AP The Market Recap newsletter is a wrap of the day’s trading. Get it each we e kday afternoon .By TRÂN NGUYỄN SACRAMENTO, Calif. (AP) — California, home to some of the largest technology companies in the world, would be the first U.S. state to require mental health warning labels on social media sites if lawmakers pass a bill introduced Monday. The legislation sponsored by state Attorney General Rob Bonta is necessary to bolster safety for children online, supporters say, but industry officials vow to fight the measure and others like it under the First Amendment. Warning labels for social media gained swift bipartisan support from dozens of attorneys general, including Bonta, after U.S. Surgeon General Vivek Murthy called on Congress to establish the requirements earlier this year, saying social media is a contributing factor in the mental health crisis among young people. “These companies know the harmful impact their products can have on our children, and they refuse to take meaningful steps to make them safer,” Bonta said at a news conference Monday. “Time is up. It’s time we stepped in and demanded change.” State officials haven’t provided details on the bill, but Bonta said the warning labels could pop up once weekly. Up to 95% of youth ages 13 to 17 say they use a social media platform, and more than a third say that they use social media “almost constantly,” according to 2022 data from the Pew Research Center. Parents’ concerns prompted Australia to pass the world’s first law banning social media for children under 16 in November. “The promise of social media, although real, has turned into a situation where they’re turning our children’s attention into a commodity,” Assemblymember Rebecca Bauer-Kahan, who authored the California bill, said Monday. “The attention economy is using our children and their well-being to make money for these California companies.” Lawmakers instead should focus on online safety education and mental health resources, not warning label bills that are “constitutionally unsound,” said Todd O’Boyle, a vice president of the tech industry policy group Chamber of Progress. “We strongly suspect that the courts will set them aside as compelled speech,” O’Boyle told The Associated Press. Victoria Hinks’ 16-year-old daughter, Alexandra, died by suicide four months ago after being “led down dark rabbit holes” on social media that glamorized eating disorders and self-harm. Hinks said the labels would help protect children from companies that turn a blind eye to the harm caused to children’s mental health when they become addicted to social media platforms. “There’s not a bone in my body that doubts social media played a role in leading her to that final, irreversible decision,” Hinks said. “This could be your story.” Related Articles National News | Biden creates Native American boarding school national monument to mark era of forced assimilation National News | How should the opioid settlements be spent? Those hit hardest often don’t have a say National News | ‘Polarization’ is Merriam-Webster’s 2024 word of the year National News | Supreme Court rejects appeal challenging Hawaii gun licensing requirements under Second Amendment National News | Supreme Court rejects appeal from Boston parents over race bias in elite high school admissions Common Sense Media, a sponsor of the bill, said it plans to lobby for similar proposals in other states. California in the past decade has positioned itself as a leader in regulating and fighting the tech industry to bolster online safety for children. The state was the first in 2022 to bar online platforms from using users’ personal information in ways that could harm children. It was one of the states that sued Meta in 2023 and TikTok in October for deliberately designing addictive features that keep kids hooked on their platforms. Gov. Gavin Newsom, a Democrat, also signed several bills in September to help curb the effects of social media on children, including one to prohibit social media platforms from knowingly providing addictive feeds to children without parental consent and one to limit or ban students from using smartphones on school campus. Federal lawmakers have held hearings on child online safety and legislation is in the works to force companies to take reasonable steps to prevent harm. The legislation has the support of X owner Elon Musk and the President-elect’s son, Donald Trump Jr . Still, the last federal law aimed at protecting children online was enacted in 1998, six years before Facebook’s founding.
DAZN ADVANCES GLOBAL EXPANSION WITH ACQUISITION OF FOXTEL, A LEADING AUSTRALIAN SPORTS AND ENTERTAINMENT MEDIA GROUPBy TRÂN NGUYỄN SACRAMENTO, Calif. (AP) — California, home to some of the largest technology companies in the world, would be the first U.S. state to require mental health warning labels on social media sites if lawmakers pass a bill introduced Monday. The legislation sponsored by state Attorney General Rob Bonta is necessary to bolster safety for children online, supporters say, but industry officials vow to fight the measure and others like it under the First Amendment. Warning labels for social media gained swift bipartisan support from dozens of attorneys general, including Bonta, after U.S. Surgeon General Vivek Murthy called on Congress to establish the requirements earlier this year, saying social media is a contributing factor in the mental health crisis among young people. “These companies know the harmful impact their products can have on our children, and they refuse to take meaningful steps to make them safer,” Bonta said at a news conference Monday. “Time is up. It’s time we stepped in and demanded change.” State officials haven’t provided details on the bill, but Bonta said the warning labels could pop up once weekly. Up to 95% of youth ages 13 to 17 say they use a social media platform, and more than a third say that they use social media “almost constantly,” according to 2022 data from the Pew Research Center. Parents’ concerns prompted Australia to pass the world’s first law banning social media for children under 16 in November. “The promise of social media, although real, has turned into a situation where they’re turning our children’s attention into a commodity,” Assemblymember Rebecca Bauer-Kahan, who authored the California bill, said Monday. “The attention economy is using our children and their well-being to make money for these California companies.” Lawmakers instead should focus on online safety education and mental health resources, not warning label bills that are “constitutionally unsound,” said Todd O’Boyle, a vice president of the tech industry policy group Chamber of Progress. “We strongly suspect that the courts will set them aside as compelled speech,” O’Boyle told The Associated Press. Victoria Hinks’ 16-year-old daughter, Alexandra, died by suicide four months ago after being “led down dark rabbit holes” on social media that glamorized eating disorders and self-harm. Hinks said the labels would help protect children from companies that turn a blind eye to the harm caused to children’s mental health when they become addicted to social media platforms. “There’s not a bone in my body that doubts social media played a role in leading her to that final, irreversible decision,” Hinks said. “This could be your story.” Related Articles National News | Biden creates Native American boarding school national monument to mark era of forced assimilation National News | How should the opioid settlements be spent? Those hit hardest often don’t have a say National News | ‘Polarization’ is Merriam-Webster’s 2024 word of the year National News | Supreme Court rejects appeal challenging Hawaii gun licensing requirements under Second Amendment National News | Supreme Court rejects appeal from Boston parents over race bias in elite high school admissions Common Sense Media, a sponsor of the bill, said it plans to lobby for similar proposals in other states. California in the past decade has positioned itself as a leader in regulating and fighting the tech industry to bolster online safety for children. The state was the first in 2022 to bar online platforms from using users’ personal information in ways that could harm children. It was one of the states that sued Meta in 2023 and TikTok in October for deliberately designing addictive features that keep kids hooked on their platforms. Gov. Gavin Newsom, a Democrat, also signed several bills in September to help curb the effects of social media on children, including one to prohibit social media platforms from knowingly providing addictive feeds to children without parental consent and one to limit or ban students from using smartphones on school campus. Federal lawmakers have held hearings on child online safety and legislation is in the works to force companies to take reasonable steps to prevent harm. The legislation has the support of X owner Elon Musk and the President-elect’s son, Donald Trump Jr . Still, the last federal law aimed at protecting children online was enacted in 1998, six years before Facebook’s founding.
The Vikings and their in-gear offense will be a tough team to outscore moving forwardShares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Nvidia shares about 3% Monday. They are still up 179% so far this year. Considered a bellwether for artificial intelligence demand, Nvidia has led the AI sector to become one of the stock market’s biggest companies, as tech giants spend heavily on the company’s chips and data centers needed to train and operate their AI systems. Nvidia’s shares have surged this year along with the California company’s revenue and profit due to AI demand. According to data firm FactSet, about 16% of Nvidia’s revenue comes from China, second only to its U.S.-generated revenue. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its most recent earnings release, Nvidia posted revenue of $35.08 billion, up 94% from $18.12 billion a year ago. Nvidia earned $19.31 billion in the quarter, more than double the $9.24 billion it posted in last year’s third quarter. The earnings release did not break out revenue from China. The company’s market value rocketed to $3.5 trillion recently, passing Microsoft and briefly overtaking Apple as the world’s most valuable company. China’s antitrust investigation follows a report this summer by technology news site The Information that the U.S. Justice Department was investigating complaints from rivals that Nvidia was abusing its market dominance in the chip sector. The allegations reported include Nvidia threatening to punish those who buy products from both itself and its competitors at the same time. David Bieri, an international finance expert at Virginia Tech, said that China’s investigation is “not about what Nvidia is doing in China, per se” but rather a signal to the incoming Trump administration. China, Bieri said, is looking to set the tone of future relations. The Chinese government, he said, is telling the U.S. “don’t mess with us, because all of your darling corporations that your version of capitalism needs to prosper have entanglements” with China. Nvidia will have to revise its strategy in China or come up with provisions in their budgets for the type of uncertainty business with China will bring, Bieri said. “I don’t think this is something that they can shake off,” he said. “I also have a tremendous amount of faith in the brilliance of the management strategy of a corporation like Nvidia to not only pay attention to credit risk, market risk and operational risk, but also to political risk.” Nvidia’s invention of graphics processor chips, or GPUs, in 1999 helped spark the growth of the PC gaming market and redefined computer graphics. Last month, it replaced Intel on the Dow Jones Industrial Average, ending the pioneering semiconductor company’s 25-year run on the index. Unlike Intel, Nvidia designs but doesn’t manufacture its own chips, relying heavily on Taiwan Semiconductor Manufacturing Co., an Intel rival. ___ Associated Press Technology Writer Sarah Parvini in Los Angeles contributed to this report. Southern California's notorious Santa Ana winds were predicted to return Shares of Nvidia fell Monday after China said it is The nominations for the Golden Globe Awards are a starry He’s one of the most famous corporate leaders in the
Trump's Republican Party is increasingly winning union voters. It's a shift seen in his labor pick