Bessent Faults Commerce Dept. for Failing to Blacklist Megaspeed

New York Times - Nov 13, 2026

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.

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Wholesale inflation declined last month yet remains stubbornly elevated

Nov 13, 2026

Wholesale inflation declined last month yet remains stubbornly elevated

WASHINGTON (AP) — Wholesale inflation cooled a bit last month yet remains elevated, evidence of stubbornly higher prices that have soured Americans on the economy and fueled big gains for Democrats in the midterm elections last week. The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 0.3% from...

Bessent: Treasury pushed to blacklist Megaspeed, but 'Commerce has the pen'

Nov 13, 2026

Bessent: Treasury pushed to blacklist Megaspeed, but 'Commerce has the pen'

Treasury Secretary Scott Bessent is pointing the finger at Commerce Secretary Howard Lutnick over the Trump administration's failure to place Nvidia customer Megaspeed on a U.S. trade blacklist for national security concerns. When pressed Friday over who was behind the decision, Bessent told CNBC, "Treasury, War, USTR [U.S. Trade Representative] and State … were in...

White House sends CFTC, SEC nominations to Senate

Nov 13, 2026

White House sends CFTC, SEC nominations to Senate

President Trump on Thursday nominated two officials each to the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Trump nominated Democrat Kristin Johnson and Republican Steven Levine to the SEC, with their respective terms set to expire in 2029 and 2030. Johnson previously served as a commissioner at the CFTC, after...

Lutnick agrees to testify before Congress amid bipartisan concerns

Nov 13, 2026

Lutnick agrees to testify before Congress amid bipartisan concerns

Commerce Secretary Howard Lutnick has agreed to testify before Congress amid bipartisan concerns about the Nvidia spy scandal and the agency's enforcement of chip export controls. Lutnick has "proactively agreed to appear voluntarily" before the Senate Banking Committee, spokesperson Kristen Eichamer said in a statement. Senate Banking Chair Tim Scott (R-S.C.) sent letters to both...

Microsoft 'seeing encouraging recovery progress' in global Outlook, Teams outage

Nov 13, 2026

Microsoft 'seeing encouraging recovery progress' in global Outlook, Teams outage

Microsoft is still working to restore access to its services after a massive global outage impacted dozens of its services on Thursday. The company said early Friday that it is “seeing encouraging recovery progress,” according to a statement shared on social media.  “Some users may still experience intermittent issues as recovery actions continue,” it reads....

How Jensen Huang's resignation from Nvidia is threatening AI-powered economy

Nov 13, 2026

How Jensen Huang's resignation from Nvidia is threatening AI-powered economy

Jensen Huang’s departure from Nvidia threatens the stability of the AI industry and the market as a whole, as experts express differing outlooks on the chipmaker’s future. Huang resigned as CEO of the company he built from the ground up, Nvidia’s board of directors announced Thursday, after The New York Times reported on a pair...

Gillingham find confidence boost ahead of Colchester trip

Nov 13, 2026

Gillingham find confidence boost ahead of Colchester trip

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Football fixtures and results

Nov 13, 2026

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SpaceX to invest $74B into data center construction projects in Texas, Arizona

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Elon Musk’s SpaceX plans to invest more than $74 billion into building two data centers in Texas and Arizona, the company announced Thursday, marketing them as projects that will boost local communities amid backlash surrounding such facilities. “These investments will expand local tax bases, generate substantial new revenue for schools and public services, and create...

Kalshi ends Donald Trump Jr. advisory role, pointing to Polymarket ties

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Musk signals support for Huang after saying hiring him would be 'an honor'

Nov 12, 2026

Musk signals support for Huang after saying hiring him would be 'an honor'

SpaceX CEO Elon Musk is hinting toward supporting Nvidia's ex-CEO Jensen Huang, who resigned Thursday following reports of his extramarital affairs — one of which involved an alleged Chinese spy. “That would be an honor,” Musk wrote on social platform X on Wednesday night — prior to Huang's resignation — in response to financial news...

Lawmakers want answers after Nvidia's Huang steps down

Nov 12, 2026

Lawmakers want answers after Nvidia's Huang steps down

Nvidia's Jensen Huang resigned Thursday as CEO amid an explosive spy scandal, but Washington isn't letting him off the hook.  Lawmakers on both sides of the aisle said they still want to hear from the ex-Nvidia chief amid national security concerns about his involvement with a woman who U.S. officials concluded was passing information to China. "Jensen...

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