The News President Donald Trump restored Nvidia’s Jensen Huang to the list of CEOs accompanying him to China at the 11th hour Tuesday, in spite of worries that the chipmaker’s presence could be a political liability. The president “called Jensen this morning after seeing reports that he wasn’t joining trip. ...
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SK official proposes AI dividend for citizens, spooking investorsSK official proposes AI dividend for citizens, spooking investors
A top South Korean official proposed that citizens should share in the profits of the country’s AI chip boom. Samsung and SK Hynix have seen huge profits and soaring share prices as demand for semiconductors surges. Kim Yong-beom’s suggestion that some of that windfall should be redistributed to support basic ...
Iran war draws in more Gulf nationsIran war draws in more Gulf nations
US President Donald Trump on Tuesday said Iran must strike a deal or “be decimated,” as Gulf nations’ involvement in the war came into clearer view. The warning, which Trump issued as he departed for Beijing, underscored the fragility of the ceasefire with Tehran and the stalemate in the Strait ...
OpenAI’s Altman under scrutiny amid trial, IPO plansOpenAI’s Altman under scrutiny amid trial, IPO plans
The head of OpenAI is facing heightened scrutiny thanks to a lawsuit from Elon Musk and a massive, planned IPO. Sam Altman took the stand Tuesday in the trial against Musk; the Tesla CEO, who also co-founded OpenAI, has accused the AI startup of betraying its original nonprofit mission. Musk ...
A US-China currency war is simmeringA US-China currency war is simmering
The yuan hovered near a three-year high against the dollar Tuesday, buoyed by expectations of stronger US-China ties ahead of this week’s meeting between the countries’ leaders. Goldman Sachs analysts said China’s currency remains more than 20% undervalued and will keep strengthening this year, and a summit that stabilizes trade ...
Foreign investors pull out of India at record paceForeign investors pull out of India at record pace
Foreign investors have pulled $21 billion out of Indian stocks in the last two months, putting 2026 on track to be the worst year for outflows since the markets opened to overseas investment in 1993. Investors are instead looking to South Korea and Taiwan, where stocks are booming on the ...
The time for an eBay takeover was 10 years ago. Now, it’s better alone.The time for an eBay takeover was 10 years ago. Now, it’s better alone.
Rohan’s view eBay has been ripe for a takeover, and rightly targeted by angry investors, many times. Now is not one of them. It’s one of many things that remains perplexing about GameStop CEO Ryan Cohen’s bid for the company, which eBay this morning rejected as “neither credible nor attractive.” ...
Hollywood appears to avoid Cannes Film FestivalHollywood appears to avoid Cannes Film Festival
Major Hollywood studios are largely avoiding this year’s Cannes Film Festival, which opens today. The event is traditionally a showcase for some of the year’s biggest movies, and is “Hollywood’s most glamorous overseas outpost,” per The Guardian. But this year, only two American entrants are competing for the Palme d’Or, ...
Energy executives brace for prolonged spike in jet fuel pricesEnergy executives brace for prolonged spike in jet fuel prices
Energy executives and analysts are bracing for a severe, prolonged spike in prices for gasoline, jet fuel, and other refined fuels. The depletion of fuel inventories is “rapidly accelerating” and could reach “critically low levels” ahead of summer, Amin Nasser, CEO of Saudi Aramco, said on Monday. Even if the ...
China widens lead in global clean techChina widens lead in global clean tech
China is widening its lead in global clean tech, raising new security concerns. An analysis of $1.1 trillion in global clean energy manufacturing investments between 2019 and 2025 by the research firm Atlas Public Policy found that more than half were made by Chinese companies. Out of China’s more than ...