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Inquiry launched into UK budget bank tax leak; Wall Street hit by US inflation shock – business live
المصدر: Business | The Guardian · نُشر
Rolling coverage of the latest economic and financial news, including live coverage of the Bank of England Watchers conference in London Young people in UK hit by ‘low-gear economy’, warns Bank of England deputy The AI poster boy, the ‘Chinese spy’ and Trump: how an affair may ha
Rolling coverage of the latest economic and financial news, including live coverage of the Bank of England Watchers conference in London Young people in UK hit by ‘low-gear economy’, warns Bank of England deputy The AI poster boy, the ‘Chinese spy’ and Trump: how an affair may have harmed US security Jensen Huang’s image has been shattered. Could he be pushed out at Nvidia? A senior US central banker is calling for a hike in interest rates next month.
Federal Reserve governor Christopher Waller is arguing that the Fed should raise short-term borrowing costs next month even if government data shows inflation cooling. “While I am hoping for an improvement over September, even if this occurs, I would still support a 25 basis point increase in the FOMC’s policy rate at our December meeting.” “The affair itself is unlikely to be the central issue for shareholders. What matters is whether shareholders have suffered loss due to Nvidia failing to disclose material information, particularly given the sensitivities surrounding China, AI chips and US export controls.
“US plaintiff lawyers will be looking closely at matters such as what Nvidia and its board knew and when, what was said publicly and whether any material information was withheld from the market. For example, if previously undisclosed information is subsequently revealed to the market and may have caused investors significant losses, the ingredients for shareholder litigation could begin to emerge. But there is a considerable distance between reputational controversy and proving actionable shareholder claims.” Continue reading...
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Jensen Huang’s image has been shattered. Could he be pushed out at Nvidia?
Huang built Nvidia as a family business but after the co-founder had an affair with an alleged Chinese spy, its board faces a difficult decision For more than 30 years, Jensen Huang has been the seemingly unshakable public face of Nvidia. He co-founded the company as a young engi
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Nvidia has a Jensen Huang problem—and no obvious successor
The investigation of Jensen Huang by Nvidia’s board threatens the future of one of Silicon Valley’s longest-serving executives and a key enabler of the AI boom, who has no obvious successor as leader of the world’s second-most-valuable company. Huang is fighting for survival afte
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Nvidia shares tumble over investigation into Huang's affair with alleged Chinese spy
The share price dropped wiped hundreds of billions of dollars from the value of Nvidia.
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Who is the suspected Chinese spy at centre of the Nvidia investigation?
Alice Huang, a Chinese businesswoman, had a close relationship with Nvidia boss Jensen Huang, reports say.
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Nvidia and Jensen Huang sued in US over affair with alleged Chinese spy
California lawsuit comes as Donald Trump says FBI is investigating tech CEO’s links with Alice Huang Business live – latest updates Nvidia’s board needs to do some succession planning – sharpish Nvidia and its chief executive, Jensen Huang, have been accused of misleading shareho
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