peel back effect

AP Business SummaryBrief at 12:03 a.m. EST

Posted 11/10/26

Trump says FBI is looking at Nvidia CEO Jensen Huang's affair with alleged Chinese agent

WASHINGTON (AP) — President Donald Trump says the FBI is investigating Nvidia CEO Jensen Huang’s …

delmar logo

You must be a member to read this story.

Join our family of readers for as little as $14.99 per month and support local, unbiased journalism.


Already a member? Log in to continue.   Otherwise, follow the link below to join.

Please log in to continue

Log in

AP Business SummaryBrief at 12:03 a.m. EST

Posted

Trump says FBI is looking at Nvidia CEO Jensen Huang's affair with alleged Chinese agent

WASHINGTON (AP) — President Donald Trump says the FBI is investigating Nvidia CEO Jensen Huang’s affair with an alleged Chinese government agent. But Trump says he doesn’t think the executive who has helped to develop artificial intelligence has a reason to worry. “I know the FBI is looking into it in terms of something else, and I think that he’ll be in good shape,” Trump said Monday at a White House briefing. The president called Huang a “very honorable man.” He said Huang told him “he had absolutely no idea that the person in question was a spy,” Trump said.

Asian stocks rise after technology shares advance on Wall Street

HONG KONG (AP) — Asian stocks are higher after U.S. stocks rallied, recovering most of their big losses from last week. U.S. futures edged higher and oil prices fell. China reported its trade surplus for 2026 has already surpassed $1 trillion as both imports and exports surged. On Monday, the S&P 500 jumped 2.3%, the Dow Jones Industrial Average leaped 2.2%, and the Nasdaq composite rose 2.7%. Stocks were lifted by a decline in the price of Brent crude. It fell after President Donald Trump told CNN over the weekend that a resumption of strikes on Iran is “highly unlikely” if the United States sees progress in negotiations toward ending the war.

Internal probe into CEO Jensen Huang and 'foreign intelligence' weighs on high-flying Nvidia shares

Shares of Nvidia are down 4.3%  after the computer chip maker, central to the artificial intelligence race, opened an investigation into reports that CEO Jensen Huang was the “target of a foreign intelligence effort.” Nvidia’s announcement of the investigation Sunday followed Huang’s acknowledgment that he had been intimate with a business executive who, according to The New York Times, U.S. intelligence determined was gathering information for China. China’s Foreign Ministry dismissed the spying allegations, calling them a smear campaign against Beijing.

What we know — and what we don't — as Nvidia investigates an alleged spy plot involving its CEO

Stunning allegations of a spy plot have prompted Nvidia to investigate whether its founder and CEO, Jensen Huang, was the target of a “foreign intelligence effort.” Huang admitted to having an extramarital affair, and acknowledged that news reports surrounding the relationship and potential national security concerns led Nvidia’s board to investigate. He did not name the person he had been intimate with, but The New York Times identified her as business executive and Chinese citizen Alice Huang — who, the outlet said, U.S. intelligence determined was gathering information for Beijing. China’s Foreign Ministry dismissed the spying allegations. Many questions remain unanswered, but the scandal is already bringing turmoil.

Diamond-rich Botswana says it will increase its stake in De Beers to 30% under proposed sale

GABORONE, Botswana (AP) — Botswana’s president says that his diamond-rich southern African country will double its stake in De Beers to 30% under a proposed deal by a consortium to buy Anglo American’s shares. President Duma Boko said in a speech in Parliament on Monday that the move would make Botswana the biggest single shareholder in De Beers. Boko said Botswana endorsed the Global Diamond Consortium of investors as the proposed buyer. De Beers is the world’s leading diamond company. Anglo American put its 85% stake up for sale in 2024 because of a wider restructuring and a downturn in the diamond market.

Nvidia's investigation into CEO Huang's affair puts a spotlight on chip billionaire's personal life

Nvidia CEO Jensen Huang is in the spotlight after revelations of an affair with a purported Chinese spy triggered a board investigation. Huang, a key figure in the AI revolution, co-founded Nvidia in 1993 at a Denny's diner in San Jose, California. Born in Taiwan, he moved to the U.S. at age 9 and later studied electrical engineering at Oregon State University. He met his wife, Lori, there, and they both became chip designers in Silicon Valley. Known for his black leather jacket, Huang is seen as irreplaceable by tech analysts, who say Nvidia's success is heavily tied to him.

At a UN celebration for Ted Turner, memories of a man who saw the power of global cooperation

UNITED NATIONS (AP) — Media mogul Ted Turner’s daughter recalled at a celebration of her late father’s life that he was inspired to give $1 billion to the United Nations after hearing about a washerwoman in Mississippi who gave her life savings of $150,000 for scholarships so young people could go to college — as she was never able to do. Laura Turner Seydel recounted him saying, “Well, I would have to do something really important and big and significant” to match that. A month later, in September 1997, he announced the U.N. gift — the largest individual donation in history at that time. Seydel urged the audience Monday to follow his example. “Please use your ideas, resources and ambitions to back the institutions that hold the world together,” she urged.

France blames Iran for a cyberattack that heated supermarket refrigerators

PARIS (AP) — France has blamed Iran for a cyberattack on supermarket fridges last month. The French Foreign Ministry summoned the Iranian ambassador on Monday. The attack on October 12 sent refrigerator temperatures soaring, affecting about 700 of the country’s 10,000 supermarkets. Paris prosecutors said investigators found that Iran’s paramilitary Revolutionary Guard was behind the large-scale cyberattack. The ministry condemned the attacks as unacceptable.

Australia to launch AI safety regulator after OpenAI's breach of a government portal

MELBOURNE, Australia (AP) — Australia plans to create an artificial intelligence safety regulator in response to a breach of an Australian health department website by an OpenAI agent in June. The government said Tuesday that the regulator would enforce world-leading legislated AI standards that would apply to all frontier AI companies that want to operate in Australia. The standards would mandate rapid notification of incidents to the government, such as “misaligned behavior” conflicting with developers’ intentions. Australia has told OpenAI that the U.S. company took too long to inform the government in September that a rogue agent had infiltrated government websites. The breach that was a first in the technology occurred three months earlier.

Heat-trapping carbon pollution drops, but scientists cite the Iran war rather than energy progress

Emissions of heat-trapping carbon dioxide from the burning of fossil fuels decreased slightly this year due to the Iran war. It’s only the third decrease in carbon pollution this century. Experts believe this is not the long-sought bending the curve of emissions. Instead, they think it is temporary like the previous drops during the COVID-19 pandemic and the 2008 recession. The world is still putting more than 1,300 tons of carbon dioxide into the air every second. Pollution went down about 1% in the U.S., China and Europe.

Members and subscribers make this story possible.
You can help support non-partisan, community journalism.

x
X