Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed
The Treasury secretary blamed the department for not sanctioning the Singaporean firm and said that Nvidia employees should be held accountable if they sidestepped the law.
Jensen Huang, Nvidia’s Ousted CEO, Was the Face of the A.I. Boom Powering the U.S. Economy
Jensen Huang, Nvidia’s ousted leader, was a unique rhetorical and financial booster for investments that are driving economic growth.
Fed Will Not Hold Policy Vote at October 2027 Meeting
The shift to a strategy meeting next October is just the first step in a broader plan by Kevin M. Warsh, the chairman of the Federal Reserve, to change how the central bank operates.
Heating Costs Will Rise 7% on Average This Winter
People who use heating oil will see increases of around 70 percent because the war in Iran has greatly reduced supply of that fuel.
Trump Officials Clashed Over Megaspeed, Firm at Heart of Nvidia Affair
Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick last week about why the administration had not put restrictions on advanced chip sales to Megaspeed.
Lebanon Faces Economic ‘Catastrophe’ After War and Years of Mismanagement
Hezbollah’s conflict with Israel and the U.S.-Israel war with Iran have made systemic problems worse, causing the cost of living to soar and driving many Lebanese to despair.
Data Show Households Still Managing to Meet Their Monthly Debts
The New York Fed detailed general steadiness in debt payments for autos, student loans and mortgages.
Elevated Inflation Keeps Pressure on Fed to Raise Rates
October’s Consumer Price Index report showed a broadening of price pressures that has stoked concerns about the Federal Reserve’s grip on inflation.
Could the Voter Backlash Against A.I. Actually Help the Economy?
Voter backlash could threaten the data center boom. Some economists think that could be a good thing.
U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention
An investigation into Megaspeed, a Singapore company that was buying advanced Nvidia A.I. chips, was transferred to the Justice Department after a top Nvidia executive reached out to Commerce Department officials.
U.S. Cleared Nvidia Chips to Chinese Firms With Empty Offices and Troubling Ties
The Commerce Department has approved dozens of Chinese companies to handle Nvidia’s H200 chips, some of which have ties to firms under sanctions over national security.