Author: WirePaw

Jensen Huang’s “I made it” moment never translated to long weekends and a step back from day-to-day operations. Despite Nvidia becoming the world’s most valuable company, its CEO Huang just admitted he still operates on a mix of fear, anxiety, and even going bankrupt.  “You know the phrase ’30 days from going out of business,’…

A reader asks: Do you think we’ll finally see housing prices fall in 2026? Redfin says there are way more sellers than buyers and people with 3% mortgages can only hold on for so long. I know prices don’t fall very often but it seems like a softening labor market mixed with sky-high prices could…

Apple’s executive shake-up continues. Days after announcing AI chief John Giannandrea’s departure, and the loss of design exec Alan Dye to Meta, the iPhone maker shared the news of two more exec retirements. Kate Adams, who has served as Apple’s general counsel since 2017, will retire late next year, while Lisa Jackson, Apple’s vice president…

The Biden administration withheld data from the public on the risks of myocarditis from the Covid vaccine, Food and Drug Administration Commissioner Marty Makary claimed Thursday — a bold accusation that clashes with years of public statements from federal health officials. “We have done more to study myocarditis and to go back and look at…

A consortium of top industry players have sent an open letter full of alarm to Congress, describing a potential economic and institutional meltdown in Hollywood if Netflix succeeds in its effort to acquire Warner Bros. Discovery. The letter was sent via email to members of Congress from both parties on Thursday, from an anonymous collective identifying…

Employers have cut more than 1.1 million jobs through November, the most since 2020, when companies laid off 2.2 million workers as the pandemic was slamming the U.S. economy, according to a new report from outplacement firm Challenger, Gray & Christmas.  The layoffs represent a 54% increase from the same period a year earlier, when…

The Food and Drug Administration issued an alert about a “potentially high-risk issue” regarding malfunctioning Abbott glucose sensors that have been linked to more than 700 serious injuries and 7 deaths, with patients advised to “immediately” discontinue using the products. The alert, dated Dec. 2, says Abbott Diabetes Care issued a letter to distributors, health…

Damian Garde is a reporter at large, live and feature journalism, covering the global drug industry and contributing to STAT’s industry-leading events. NEW YORK — Vinay Prasad, the Food and Drug Administration’s top vaccines regulator, blamed “misleading media narratives” for the escalating criticism of his leadership amid turmoil and plummeting morale at the agency. Prasad’s…

Paramount is plenty peeved about the way Warner Bros Discovery is conducting a possible sale and it wants everyone to know it won’t go quietly if either Netflix or Comcast are the winning bidder.  The David Ellison company is pushing the regulatory angle hard, insisting it’s the only suitor with “a clear path to closing…

Photographer: Hollie Adams/Bloomberg (Bloomberg) — Meta Platforms Inc.’s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc. Executives are considering potential budget cuts as high as 30% for the metaverse group next…

Updated Dec. 4, 2025, 2:59 p.m. ET Detroit Three automakers again struggled compared to their Asian competition in Consumer Reports’ annual brand reliability rankings, though Buick and Ford both notably made up ground on the leaders. Toyota, Subaru, Lexus and Honda took the top four spots in this year’s new car rankings released Thursday, in…

Jensen Huang, Nvidia chief executive, was in Washington on Wednesday and met Donald Trump and Republican senators on the banking committee © Evelyn Hockstein/Reuters Nvidia would be blocked from selling advanced chips to China under a bipartisan bill that US senators introduced on Thursday as part of an effort to make it harder for Beijing…

In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks Workers United demonstrates outside of the Empire State Building as the union’s strike enters its third week. CNBC | Amelia Lucas NEW YORK — Starbucks Workers United held a rally outside the Empire State Building on Thursday as its open-ended strike entered its third…

In this article ULTA Follow your favorite stocksCREATE FREE ACCOUNT An Ulta Beauty store in Concord, California, US, on Wednesday, Dec. 3, 2025. David Paul Morris | Bloomberg | Getty Images Ulta Beauty on Thursday raised its full-year sales outlook after topping Wall Street’s fiscal third-quarter expectations and seeing shoppers splurge on perfumes, skincare items and…

CUPERTINO, CALIFORNIA Apple today announced that Jennifer Newstead will become Apple’s general counsel on March 1, 2026, following a transition of duties from Kate Adams, who has served as Apple’s general counsel since 2017. She will join Apple as senior vice president in January, reporting to CEO Tim Cook and serving on Apple’s executive team….

India’s biggest airline IndiGo faced a growing crisis, with more than 300 flights cancelled since Tuesday, leaving thousands of passengers stranded nationwide. Delhi, Mumbai, Hyderabad and Bengaluru – among India’s busiest airports – were worst hit. The airline blamed technical glitches, weather and new crew rostering rules for the disruption. The budget airline, with over…

Layoff announcements this year have hit their highest level since 2020, when the Covid-19 pandemic shut down the U.S. economy, consulting firm Challenger, Gray & Christmas said Thursday. U.S.-based employers have announced plans this year to eliminate nearly 1.2 million jobs through the end of November. It’s only the sixth time since 1993 that announced…

Meta’s decision to serve only its AI chatbot, Meta AI, to WhatsApp users isn’t sitting well with the competition regulators in Europe. The European Commission on Thursday said it is launching an antitrust investigation into Meta’s move to ban other AI companies from using WhatsApp’s business tools to offer their own AI chatbots to users…

Mark Zuckerberg in 2021 announced a push to build an avatar-filled ‘metaverse’ where users globally could socialise, game and shop in virtual spaces © Michael Nagle/Bloomberg Meta has set out plans to meaningfully cut back its metaverse efforts next year, as chief executive Mark Zuckerberg narrows his focus on winning the artificial intelligence race.  Executives…

A seal walked into a bar. Or to use a technical term, it galumphed. The creature was apparently lost, curious and well below New Zealand ‘s legal drinking age. It lodged itself under the dishwasher and showed no interest in calling a cab. It was a wet, lazy Sunday evening when the baby fur seal…

This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) just scored a quiet but meaningful win in Washington after Congress left a proposal out of a must-pass defense bill that would have slowed its ability to sell AI chips overseas, Bloomberg reported. The measure, dubbed the GAIN AI Act, would have forced Nvidia and AMD to…

WASHINGTON (AP) — U.S. applications for unemployment benefits fell to their lowest level in more than three years during Thanksgiving week, potentially complicating the Federal Reserve’s upcoming decision on interest rates. The number of Americans applying for jobless benefits for the week ending Nov. 29 fell to 191,000 from the previous week’s 218,000, the Labor…

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Refreshed versions of the Tesla Model Y are shown outside a Tesla store in San Diego, California, U.S. October 21, 2025. Mike Blake | Reuters DETROIT — U.S. electric vehicle sales leader Tesla made notable strides in Consumer Reports’ influential annual auto brand rankings, cracking…

In a notable turn for the sale of the Warner Bros. empire, David Ellison’s Paramount has issued a letter to the board of the studio it hopes to acquire, questioning if the David Zaslav-led company is overseeing “a tilted and unfair process.” Warner Bros. Discovery lawyers have replied to the letter, in a note viewed…