Nvidia’s Trump ties draw scrutiny after reports Huang was targeted by Chinese intelligence

Qantas to outsource 850 local jobs with most roles moving to India

The Australian airline said the move was aimed at modernising its IT systems and noted the impact of AI.

Trump says FBI investigating Nvidia boss's affair with alleged Chinese spy

The US president said he spoke with Jensen Huang on Monday and asked him about the affair with the alleged spy.

Republican congressman to force impeachment vote on Defence Secretary Hegseth

The effort will likely fail, but Representative Thomas Massie wants to push Trump to fire Hegseth before Democrats can launch their own impeachment process next year.

‘Locked and loaded’: Donald Trump warns Iran as Tehran demands US ‘surrender’

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Robbie Williams gives his $40 million Florida mansion a rock-star makeover

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Paris Hilton's former Beverly Park home seeks $159,000 a month in rent

US stocks open up, shrugging off Nvidia woes

NEW YORK — Wall Street stocks advanced early Monday, shrugging off a big drop in Nvidia shares as oil prices retreated and other artificial intelligence stocks rose. Crude prices fell more than four percent on diplomatic hopes concerning the US-Iran war, while many tech giants like Google parent Alphabet and leading AI companies such as Micron were higher after the group badly sold off on Thursday. The "market implicitly decided that whatever happened last week was a one-day event," said Steve Sosnick of Interactive Brokers. About 25 minutes into trading, the Dow Jones Industrial Average was up 1.4 percent at 52,009.10. The broad-based S&P 500 rose 1.7 percent to 7,499.41, while the tech-rich Nasdaq Composite Index jumped 2.1 percent to 25,087.25. Shares of AI leader Nvidia sank about five percent after the chip company said it launched an investigation on CEO Jensen Huang following reports he was targeted by Chinese intelligence. "Nvidia for now, is being treated as a one-off story," said Briefing.com analyst Patrick O'Hare, adding that investors are being driven more by "an inclination

Senate weighs sweeping energy legislation in first major action since midterm elections

WASHINGTON — The Senate on Monday is set to take up bipartisan legislation aimed at speeding up permitting reviews for data centers and other infrastructure projects, in the first major action since last week’s election that soundly repudiated President Donald Trump and congressional Republicans. The Senate is expected to hold a procedural vote on the bill, which senators and the president have pushed as officials seek to meet growing demand for electricity and other forms of energy that now faces yearslong delays in getting to the grid. The legislation’s sweeping changes would shorten the timeline to get big energy projects started — both for clean energy and fossil fuel projects — and make sure data centers pay for the energy they use. Anger over artificial intelligence data centers and rising electricity helped usher in a wave of Democrats pledging to clamp down on the massive, energy-hungry structures. Trump urged senators to vote for it, calling it a “BIG WIN for U.S. ENERGY INDEPENDENCE and DOMINANCE.” in a social media post on Sunday. The bill will “ensure that we

Oil falls almost 5% as Trump signals restraint on Iran

LONDON — Brent crude futures were down almost 5 percent on Monday after hitting their lowest since early September, after U.S. President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks continued on ships near the Strait of Hormuz. Brent crude futures were down $4.57, or 4.65 percent, at $93.75 a barrel by 12:04 p.m. EDT (1704 GMT). Their session low was $92.80 a barrel. U.S. West Texas Intermediate futures fell $3.19, or 3.51 percent, to $87.64. The Brent benchmark plunged by 16 percent last week and touched a two-month low of $93.22, its steepest weekly drop since the start of the COVID-19 pandemic. On Sunday, Trump said he was highly unlikely to order fresh attacks on Iran as long as talks to end the conflict progressed. Still, both countries reported that shipping had been hit in or near the Strait of Hormuz. "This seems to have encouraged sellers on the prospects for peace even while the actual fighting is not slowing down," TACenergy analysts said in a note. Last week, Trump had hinted at a resumption of attacks on Iran, and Tehran vowed to respond

Trump returns to US election fraud claims after initial concession

WASHINGTON — U.S. President Donald Trump renewed baseless allegations of election fraud Monday after Democrats swept both chambers of the U.S. Congress, reversing course just days after saying he would accept the midterm results. "Does anybody really believe that this 'Election' was honest. How could the Polls be so wrong???" Trump wrote on Truth Social, alleging without evidence that large early voting "dumps" had made Republican victories impossible. "It's all about the machines, which are far more important than the voter!" he added. The accusations marked a sharp reversal from Trump's initial acceptance of the outcome. "I am absolutely willing to accept those results," he told The New York Times on election night. The president has repeatedly made unfounded claims of election fraud, most notably following his defeat by Joe Biden in the 2020 presidential election. "Donald Trump's pathetic return to election denialism was inevitable," said Chuck Schumer, the top Democrat in the U.S. Senate. "He can whine all he wants, but nothing will stop this inescapable truth: For the last two years