Market Briefings

The rise of 'housefishing' - when does using AI go from enhancing to misleading?

Experts warn that using AI to enhance property images can go too far and mislead prospective buyers.

Oil prices rise after Trump says no Iran deal needed: 'We've got their Strait'

Oil prices were mixed on Thursday, after the latest comments from President Donald Trump raised worries that an end to the U.S.-Iran war was not in sight.

From Jell-O to Philadelphia cream cheese, Kraft Heinz is putting a new spin on old favorites

Kraft Heinz CEO Steve Cahillane is betting on new products, including cheesy ramen and protein-packed Jell-O pudding, to revive growth.

Family Dollar to pay $63m to settle overcharging allegations

Dollar-store chain’s settlement with FTC and state officials comes after Guardian exposé of its pricing practices Discount store giant Family Dollar will pay $63m to settle claims by state and federal authorities that it frequently overcharged its customers for milk, diapers, batteries, toilet paper and other household goods. The enforcement action announced Thursday by the Federal Trade Commission and 17 states followed a Guardian investigation that revealed Family Dollar and its larger rival, Dollar General, frequently charge more at checkout than the prices listed on their shelves. Family Dollar failed at least 2,100 price inspections in 20 states from 2022 to late 2025, the Guardian found. Continue reading...

Cramer says Jensen Huang betrayed Nvidia shareholders. How to pick up the pieces

Without Huang, Cramer said Thursday, "There won't be a better Nvidia, just a different one."

Nscale updates IPO prospectus that shows widening loss

Nvidia-backed neocloud Nscale on Thursday released updated paperwork for a U.S. initial public offering showing a widening loss.

Analysis: Nvidia’s leadership crisis tests the chipmaker’s role as the ‘central bank of AI’

The tech giant's web of ties to other companies is raising the possibility that it could do far-reaching economic and financial damage.

Some under-25s should get fewer benefits, Milburn review to say

The proposed radical overhaul of the welfare system would move under-25s off the main sickness benefits.

Alice Huang tied to Nvidia’s biggest Chinese competitor

The woman with whom Jensen Huang reportedly had a relationship also owned stakes in companies that provided computing power to Huawei, a key Nvidia competitor.

Donald Trump Jr exits as paid adviser for prediction market Kalshi

Kalshi announces ‘mutual decision’ as Democrats say they plan to investigate Trump family’s investments Donald Trump Jr is no longer a paid adviser for Kalshi, the prediction market company said Thursday. Kalshi described it as a mutual business decision between the two parties that followed a decision by Trump Jr’s investment firm, 1789 Capital, to increase its investment in Kalshi’s biggest competitor Polymarket. Continue reading...

Scout Motors has 212,000 vehicle reservations as $2 billion South Carolina plant nears completion

Scout Motors has roughly 212,000 reservations for its Terra pickup and Traveler SUV, CEO Scott Keogh told CNBC.

Without Jensen Huang, Nvidia's organizational structure isn't 'built to last,' management expert says

Nvidia's flat management structure could pose challenges for Huang's successor, according to experts.

‘Win-win’ deal with EU could be done, Andy Burnham says

Prime minister says reset could be a deal ‘like the Brexit people thought they were voting for in 2016’ Andy Burnham has said he believes a “win-win” deal could be done with the EU that could be “more like the Brexit that people thought they were voting for in 2016”. The prime minister was meeting fellow leaders at the European Political Community summit in Dublin, ahead of a keenly anticipated EU-UK summit next week, where he hopes to bring Britain closer to Europe. Continue reading...

Nvidia turmoil continues as Jensen Huang resigns over affairs scandal and company appoints interim CEO – as it happened

This live blog is now closed. Analysis: Jensen Huang built an AI kingdom. What now? Full report: Jensen Huang resigns as Nvidia CEO Too big – and too well-connected – to sack? Huang does not enjoy the supercharged voting rights that are par for the course elsewhere – his shareholding is a plain vanilla 3.6%. On the other hand, Nvidia’s board does not appear to have spent much time worrying about succession planning and “key person risk” or other standard concerns of corporate governance wonks outside the US. Continue reading...

Cisco beats on earnings, says AI infrastructure revenue will double this fiscal year

Cisco is trying to become a bigger player in AI after missing out on the early years of the boom.

Nvidia stock closes down over 4% after CEO Jensen Huang announces resignation

Chief Financial Officer Colette Kress will serve as interim CEO until a new leader is appointed.

Why Nvidia stock drop isn't a big deal for many ETF, mutual fund investors

Nvidia stock accounts for a fairly large share of many mutual funds and ETFs. But losses in the stock don't necessarily mean big losses for the overall fund.

Trump says ‘we don’t need a deal with Iran’

Trump directed Vice President JD Vance to instead focus his attention on corruption and crime in Democratic cities and states.

Jensen Huang's exit from Nvidia raises critical questions about the future of AI

Nvidia CEO Jensen Huang has been a singular figure in the development of the AI industry, which suddenly has to survive without him.

Lutnick should ban Chinese memory maker CXMT from U.S., Sen. Cotton says

Sen. Tom Cotton is urging the Commerce secretary to add CXMT to its "Entity List" as the fast-growing Chinese memory maker expands in DRAM and pushes into HBM.

United Airlines won’t let AI agents book your flight. Expert says you shouldn't let a bot do that for you, anyway

AI agents can save you time, but an expert says decisions involving your health, wealth and privacy still need human input.

Donald Trump Jr. exits advisory role at Kalshi prediction market

The president's son will no longer serve as an advisor at Kalshi.

Jensen Huang is out and Nvidia stock is down—what market pros say about buying dips

Nvidia stock fell 5% on Thursday following the departure of CEO Jensen Huang. Some see it as a signal to sell, others an opportunity to buy.

‘A dark day for Nvidia’: Here’s what analysts have been saying about Jensen Huang’s departure

The company's board convened Wednesday evening after reports emerged of Huang engaging in an affair with an employee.

Here's what Nvidia interim CEO Colette Kress and board chair Harvey Jones wrote to Nvidia employees

Interim CEO Colette Kress and board chair Harvey Jones emailed Nvidia employees, expressing gratitude for "resilience, professionalism and continued dedication

Jensen Huang's Nvidia exit casts shadow over Wall Street’s $500 billion AI financing bet

Nvidia's leadership crisis threatens to spill over into the AI financing boom.

In a policy switch, the Fed says its October 2027 meeting will not see a vote on interest rates

There will be seven voting meetings next year, with the October session set up as extra time for policy deliberation without a formal vote or post-meeting statement.

Jensen and Lori Huang's Nvidia fortune is jointly controlled. How that makes things complicated now that he's resigned

Jensen Huang’s $140 billion stake in Nvidia is largely held by trusts co-owned with his wife, Lori, creating added uncertainty for his financial future.

The Guardian view on venture capitalism: investor profits are no industrial strategy | Editorial

Higher returns for backers do not guarantee national prosperity. Public investment should develop domestic capabilities and meet urgent social needs Britain keeps selling its most valuable companies. The Financial Times calculates that 300 went to foreign buyers, mostly American, over the past decade. What if innovation were scaled up to serve social needs here rather than US investors’ profits? That is the provocation issued by the thinktank Common Wealth in a paper titled We Aren’t the Champions, which takes aim at the UK’s venture capital (VC) industry. The authors say that as long as the UK is subordinated to US cash, getting startups to a heavyweight size will be a sisyphean task. Britain’s tech pioneers are often sold before they become giants. DeepMind, founded in London in 2010, went to Google just four years later. Britain’s venture capitalists might argue that they are in it for themselves, not for building up British tech. Continue reading...

Jensen Huang was a busted flush at Nvidia – he had to go | Nils Pratley

CEO was viewed as ‘irreplaceable’, but recklessness of affair with a woman regarded by US officials as a Chinese spy made him a political liability Half the tech world made up its mind before the facts could be assessed properly. Jensen Huang was “irreplaceable”, said the chorus at the start of this week. Nvidia would melt without the co-founder’s brilliance, apparently. The chipmaker’s board had to find a way to save its genius for the sake of corporate America and the entire AI universe. It was always nonsense because, after the passage of only a few days since his confession of infidelity, Huang looked less like a towering corporate titan and more like a political liability. Continue reading...

Unions helped Democrats win big in 2026. Now they want action

Unions spent millions of dollars and mobilized thousands of members to get out the vote for Democrats in the midterm election. Now they want to see action.

Thanks to American oligarchy, Jensen Huang’s midlife crisis is a problem for all of us | Moira Donegan

At a time when individual men wield massive power, the ramifications of the Nvidia CEO’s affair could be enormous One of the reasons you want to distribute power and responsibility in powerful organizations and high-stakes enterprises is so that the narcissism or myopia of one man do not come to carry outsized consequences. When power is spread out across multiple people, it matters less if one of those people is prone to flattery, or in the midst of a midlife crisis, or perhaps just a bit stupid; the limits on his power become limits on the fallout of his character flaws. Continue reading...

THC drink companies rush to sell inventory as Illinois ban takes effect

Many hemp companies are shipping their remaining inventory to Wisconsin, Minnesota and Tennessee, which have different regulations At midnight this morning in Illinois, hemp-derived THC drinks transformed from grocery store commodities into illegal narcotics, and manufacturers have been rushing to sell their inventory or ship it out of state. Republicans tacked a last-minute provision on to last year’s spending bill that ended the government shutdown, banning all hemp-derived THC products, including the THC-infused alcohol alternatives sold at liquor stores and grocery stores. Under the new law, no container can have more than 0.4mg THC total. Continue reading...

In a policy switch, the Fed says its October 2027 meeting will not see a vote on interest rates

Nebius falls 16% as company expects increased 2026 capex spend, issues weak outlook

Nebius' earnings report comes after fellow neoclouds IREN and CoreWeave showed better-than-expected results in the past week.

Bain Capital’s head of real estate uses this strategy to counter the economy’s ‘cocktail of disruption'

Ryan Cotton, Bain Capital's head of real estate, sits for an interview with the Property Play video podcast.

Jensen Huang built an AI kingdom. Now he’s gone, will Nvidia’s ramparts be breached?

CEO’s affair and resignation has brought company’s murky corporate contracts and supply chains into sharp focus Can the AI economy survive without its “central bank”? What does Jensen Huang’s fall mean for the world’s second-most valuable company, and what might a tremor in its fortunes mean for the world? Nvidia’s sky-high valuation is based on the fact that it designs and sells the advanced AI chips, called graphics processing units (GPUs), that underpin the AI economy. Without these, AI models such as ChatGPT and Claude could not be trained and would not run. Continue reading...

Home sales hit 16-year low in October amid record-high mortgage rates

Sales of built units fell to 3.75m in October, down by 8.8% from last year, with mortgage rates at nearly three-year high US existing home sales hit a 16-year low in October as buyers were driven away by record-high mortgage rates and rising inflation, according to new data released on Wednesday. Sales of already built units dropped to 3.75m in October, down by 8.8% from last year, the National Association of Realtors (NAR) reported. The median existing-home sales price increased slightly to $416,700. Declines in sales were seen in the midwest, south and west, though sales in the north-east held steady. Continue reading...

Disney's 'Star Wars' is coming to Cosm domes ahead of 50th anniversary as part of multiyear film deal

Cosm has secured a new studio partnership with Disney that will bring "Star Wars: A New Hope" to its domes as part of a multiyear, multifilm collaboration.

IRS announces 2027 401(k) contribution limits, raises savings cap: What it means for your money

The IRS has announced higher 401(k) contribution limits for 2027. Here’s what retirement savers need to know.

The rise and fall of Jensen Huang - how the tech superstar became mired in scandal

Within days, Huang's status as a seemingly untouchable figure leading the global tech race has crumbled.

UK car industry to press EU for two-year delay to Brexit EV tariffs

‘Rules of origin’ on vehicle batteries due to come into force on 1 January if deal on new delay is not reached The UK car industry is preparing to push for a two-year delay to Brexit tariffs on electric cars traded with the EU, after an initial European proposal suggested a shorter delay. Tariffs are due to kick in on 1 January for the majority of electric cars traded between the EU and UK unless the two sides can come to an agreement to delay for a second time the implementation of “rules of origin” on batteries. Continue reading...

From washing dishes at Denny’s to rockstar of AI: the rise and fall of Nvidia’s Jensen Huang

Technical expertise and an ability to engage gave the chipmaker’s co-founder, who has now resigned, the edge with customers and investors Jensen Huang resigns as Nvidia CEO after alleged affairs Jensen Huang wasn’t always in his trademark leather jacket. When the multibillionaire, now former Nvidia chief executive was a teenager in the US, his first job was waiting tables and washing dishes at a branch of Denny’s. “It teaches you humility, it teaches you hard work, it teaches you hospitality,” he said in 2023 of his time at the diner chain. Continue reading...

10-year Treasury yield jumps back above 5% as oil gains and more Fed rate hikes expected

Treasury yields rose as bond markets reopened for the first time since Tuesday following the Veterans Day holiday.

Look at the Poundland scandal and see a crisis that goes beyond Britain’s high streets | Polly Toynbee

‘I look out for my team,’ a store manager tells me, but Poundland’s US owner doesn’t care. Labour may be too late to prevent it becoming yet another casualty of venture capital In the Poundland I visit, a treasure trove of bargains, the staff are dejected. The shelves are emptying because the owners have withheld £50m needed for new stock and paying wages. It’s just one of 600 stores in peril, and these employees just a few of 12,000 at risk of losing their jobs – with 30,000 jobs at risk in supply chains. On Tuesday £10m was released: not enough, but preventing instant collapse. Gordon Brothers, the US owner that bought Poundland for a symbolic £1 last year, specialises in buying and “restructuring” distressed companies. Under pressure, it extended the deadline by 10 working days before putting this profitable business into administration. It profits more by closing Poundland down and breaking it up. Polly Toynbee is a Guardian columnist Continue reading...

Yankees President Randy Levine pushes college sports bill, discusses MLB labor negotiations

Yankees President Randy Levine discusses the Protect College Sports Act, and the state of MLB's labor negotiations.

What we know as Nvidia CEO Jensen Huang resigns over affair allegations

The billionaire tech executive has left the company following reports of a second extramarital affair.