NVDA

Nvidia and Jensen Huang Sued in Class Action Over Suspected Chinese Spy Ties

The Lawsuit The scandal around Jensen Huang moved from the boardroom to the courtroom on Monday. Nvidia and its chief executive were sued in a proposed securities class action filed in federal court in San Jose, California, accusing them of defrauding shareholders by concealing Huang's ties to a

Trump

Pressed on His Crypto Company and Foreign Investors, Trump Declines to Divest

In a pointed exchange, a reporter pressed President Trump on the crypto company he co-owns with his sons, its Middle East investments, and whether foreign investors are buying influence. Trump declined to divest, asking how one divests from cash and arguing every president has faced the same problem

housing

Starter Homes Now Cost $1 Million in a Record 242 US Cities

Starter homes cost $1 million in a record 242 US cities, according to Fortune, as the entry level of the housing market keeps climbing out of reach for first-time buyers.

california

California Voters Reject One-Time 5% Billionaire Tax, Proposition 40

California voters rejected a one-time 5% tax on billionaires, with Proposition 40 trailing 55% to 45%, according to Fortune. Los Angeles and San Francisco voted for it, but Silicon Valley's Santa Clara County voted against the tax on its own billionaires.

Elon Musk

Musk Has Outspent Soros's Five Decades of Giving in Just 18 Months, Fortune Analysis Finds

Elon Musk has given $427.5 million to federal political committees since May 2025, more than George Soros has personally given since 1979, according to a Fortune analysis of federal filings. Musk's lifetime federal total of $723.8 million is about three times Soros's.

Trump

Trump Says the US Midterms Were Not Honest

President Trump says the US midterms were not honest, after an election that flipped the Senate and House to the Democrats, flipped the Texas Senate seat and governorship, and set up two years of investigations into his administration and donors.

nyse

NYSE Picks Avalanche Blockchain as Core Ledger for Tokenized Stock Trading Platform

The New York Stock Exchange will use the Avalanche blockchain as the core ledger to record and settle tokenized stock trades on its upcoming 24/7 alternative trading system, targeting a fourth quarter 2026 launch pending regulatory approval.

nvidia

Commerce Investigation Into Megaspeed Was Suspended After Nvidia Contact, NY Post Reports

The Commerce Department investigation into Megaspeed, the firm led by the executive at the center of the Jensen Huang scandal, was suddenly suspended last year after an interaction between Nvidia and a top Commerce official, according to the New York Post.

texas

Texas Governor-Elect Hinojosa Pledges Day-One Emergency: Freeze Electricity Rates, Suspend Gas Taxes

Texas Governor-elect Gina Hinojosa has pledged to declare a high-cost emergency on her first day in office, freezing residential electricity rates and suspending state gas and diesel taxes by executive order.

Congress

Democrats Vow to Impeach Trump Officials and Investigate Republican Donors, FT Reports

Democrats are vowing to impeach Trump administration officials and investigate Republican donors, according to the FT, as the party prepares to use its new Senate and House majorities for aggressive oversight of the administration.

nvidia

Commerce Dept Approved Nvidia Chip Sales to Nonexistent and Sanctioned Chinese Companies, NYT Reports

The US Commerce Department was approving sales of Nvidia chips to companies in China that did not exist, were on the sanctions list, or had ties to China's military, according to the New York Times, a failure at the heart of the export control regime.

nvidia

Jensen Huang Drops Out of Anthropic and ElevenLabs Events After Affair Admission

Nvidia CEO Jensen Huang has dropped out of Anthropic and ElevenLabs event lineups following his admission of an affair and the announcement of an independent board investigation into reports he was targeted by a foreign intelligence effort.

Cybersecurity

France Accuses Iran of Cyberattacks on Supermarket Fridges and Freezers, BBC Reports

France has accused Iran of being behind cyberattacks that affected supermarket fridges and freezers, according to the BBC, the latest state-backed intrusion campaign aimed at civilian infrastructure in Europe.

nvidia

The Cost of Cheating: Nvidia Falls 5% While the Whole Market Rallies

Nvidia fell 5.36% on Monday, the only major stock in the red on a market heatmap, as the rest of the market rallied hard on the day after Jensen Huang's affair admission and the announcement of a board investigation.

Jensen Huang

Jensen Huang Hired a PR Firm Known for Handling Sex Scandals Last Year, WIRED Reports

Nvidia CEO Jensen Huang hired a public relations firm known for handling sex scandals last year, according to WIRED, months before he admitted an affair and Nvidia's board opened an independent investigation into reports he was targeted by a foreign intelligence effort.

Congress

Lauren Boebert Loses Reelection in Colorado, CNN Projects

Republican Lauren Boebert has lost reelection to Democrat Eileen Laubacher in Colorado, according to CNN, another House seat flipping in a midterm wave that has already cost Republicans the Senate and the House majority.

anthropic

Anthropic Expected to Begin IPO Roadshow Week of November 9, Per CNBC

The Earliest Possible Window Anthropic is expected to begin its IPO roadshow the week of November 9, according to CNBC, which is the earliest window available to it. SEC rules require at least 15 calendar days between a public filing and the start of investor meetings, and the company filed

nvidia

Nvidia Opens Investigation Into CEO Jensen Huang Over Foreign Intelligence Reports

The Investigation Nvidia has opened an investigation into Jensen Huang, its CEO, after he acknowledged to the company's board that he had been intimate with a business executive who U.S. intelligence determined to be a Chinese spy. The inquiry will be run by a committee of independent

nvidia

Nvidia CEO Jensen Huang Apologizes to Staff in Letter Admitting He Was Unfaithful

The Letter Nvidia CEO Jensen Huang has told his entire company that he was unfaithful to his wife. In a letter to colleagues sent Sunday, Huang wrote: "I owe my family and all of you an apology. I was unfaithful to my wife. My actions hurt her and our

hedge funds

Hedge Funds Are Getting Hit Hard by the AI Selloff, Per Bloomberg

A Brutal October Hedge funds are getting hit hard by the AI selloff, per Bloomberg, and the October numbers are ugly across the industry: * VARA ($20B): down 33% in October, after a 44% drop in July * Arini ($22B): down 26% * Atreides ($3.4B): down 9.5% * Lone Pine ($20B): down

anthropic

Anthropic to Pay $3.4 Billion for Gas-Fired Generators, Per the FT

Power Is the Bottleneck Anthropic has agreed to pay $3.4 billion for gas-fired generators for data centers, the FT reported. The deal was described as the largest known single purchase of power-generation equipment by an AI lab, a sign of how completely the AI race has become

hegseth

House GOP Leaders Brace for Defections to Impeach Hegseth, Per Axios

The Votes May Be There House Republican leaders are bracing for enough GOP defections to impeach Defense Secretary Pete Hegseth when the measure comes to a vote this week, per Axios. The vote is being forced by Rep. Thomas Massie, who has moved to put the impeachment question on the

AI

Bloomington, Indiana Has Banned Artificial Superintelligence

A Unanimous Ban Bloomington, Indiana, has banned artificial superintelligence. The city council voted 7-0 to bar superintelligent AI within city limits, including through apps and browsers. Violators face fines and possible prosecution. Lifting the ban would take approval from more than 95% of registered voters, a threshold that effectively

gas prices

The Great American Road Trip Now Costs About $2,350 in Gas, Roughly $1,000 More Than in 2015, Per Yahoo Finance

Driving the optimal US road trip, hitting the top landmark in each of the lower 48 states plus Washington, D.C., would cost about $2,350 in gas today, per Yahoo Finance, roughly $1,000 more than the same 13,949-mile, 49-stop trip cost in 2015.

housing

Moving Now Costs the Average US Homeowner About $335 More a Month at Today's Mortgage Rates, Per The Economist

Moving now costs the average US homeowner about $335 more a month just to refinance what they still owe at today's rates, per The Economist: trading a cheap old mortgage for a new one at 7.4 percent costs the middle 20 percent about $260 a month, or 4.4 percent of income.