Nvidia CEO Jensen Huang resigns after personal scandal and chip-export inquiry Jensen Huang, who built Nvidia into the world's most valuable chipmaker, stepped down as chief executive this week, and the company's finance chief, Colette Kress, has taken over as interim CEO. Full story → · 3 sources
Federal Reserve officials signal more rate hikes as inflation climbs to 4% A hotter-than-expected October inflation report has Federal Reserve officials openly discussing additional interest rate increases, including a possible half-point move in December. Full story → · 5 sources
Wall Street wobbles as oil rallies and traders brace for inflation data U.S. stocks closed lower Thursday as Nvidia's leadership upheaval, rising Treasury yields, and higher oil prices weighed on sentiment, with investors now awaiting Friday's producer price report. Full story → · 4 sources
Congress returns to a shutdown deadline and a fight over Iran war funding Lawmakers are back in Washington for a lame-duck session with federal funding set to expire December 11, and a dispute over paying for military operations related to Iran is complicating talks. Full story → · 4 sources
Tensions rise in the Gulf as Iran reports strikes and a tanker incident in the Strait of Hormuz Iran's Revolutionary Guard said it struck a U.S. early-warning radar system in Bahrain, and officials reported a tanker explosion near the Strait of Hormuz, as the region's nuclear watchdog pressed for more access to Iranian sites. Full story → · 3 sources
European leaders meet in Dublin as Ukraine peace talks and security plans take shape Leaders from across Europe gathered in Dublin this week to discuss Ukraine's future and European security, as U.S. officials shuttle between Kyiv and Moscow to advance peace negotiations. Full story → · 4 sources
China braces for a slower economic reading as it prepares to host APEC leaders China is set to release October economic data on Monday expected to show slower growth in factory output and consumer spending, just days before it hosts the APEC leaders' summit in Shenzhen. Full story → · 4 sources
Global Microsoft outage knocks out Outlook and Teams for millions of users A widespread Microsoft outage beginning overnight left users around the world unable to access Outlook email, Teams, and other services, disrupting workplaces from Australia to the United States. Full story → · 1 sources
AI industry presses ahead with Anthropic's IPO roadshow and new model releases Even as Nvidia dealt with a leadership crisis, the broader AI industry kept moving this week, with Anthropic launching its IPO roadshow, Google releasing a new model, and SpaceX detailing a large AI data center plan. Full story → · 2 sources