Jensen Huang steps down at Nvidia — as Trump drops talk of an Iran deal and the ten-year yield tops 5.1% Nvidia's founder and chief executive Jensen Huang resigned on Thursday amid the spy scandal, and finance chief Colette Kress was named interim chief executive; Nvidia's shares fell more than 4%, while rivals AMD and Broadcom rose over 5%. President Trump said the United States no longer needs a deal with Iran because "we've got their Strait", and Brent jumped 3.4% to $95.7

Nvidia's board weighs its chief executive's future — after AI optimism lifted Europe to a record close and the yen nears 160 Nvidia's shares plunged after hours as its board met late into the evening to decide the future of chief executive Jensen Huang, with The Wall Street Journal reporting that the company is preparing to remove him. Asian chip stocks fell, Taipei down 2.79%, and Nasdaq 100 futures are 0.73% lower. The news cut short a day of AI optimism: on Wednesday CoreW

Hot US inflation puts a December Fed increase in sight — while Europe nears a record as chipmakers rally US consumer prices rose 0.4% in October, more than expected and the third brisk monthly increase in a row, and Fed Governor Christopher Waller said he would back at least a quarter-point rate rise in December and is open to half a point. Treasury yields jumped on Tuesday, the ten-year by 11.9 basis points to 4.983%, and Wall Street slipped. The dollar is firmer this aftern

Oil slides 6% on hopes of an Iran deal and Wall Street rallies — Seoul jumps 4% while Nvidia lags Brent fell 6.3% on Monday to $92.17 and is at $90.81 this morning, after President Trump said renewed attacks on Iran were unlikely and Tehran's proposal to reopen the Strait of Hormuz headed to Washington, although no deal appears imminent. Cheaper oil eased inflation worries and Wall Street rallied: the Dow gained 2.15%, about 1,100 points, the Nasdaq 100 3.40%, and the VIX fel

Strong US jobs data revive talk of a Fed increase — as Trump signals restraint on Iran and Taiwan rebounds 5% The US economy added 165,000 jobs in October, far more than expected, and unemployment fell to 4.1%, raising the odds of a Federal Reserve rate increase in December. The Nasdaq rebounded 1.09% on Friday but still posted a fourth straight weekly decline, while European shares fell 1.00%. Over the weekend President Trump said new strikes on Iran were "highly unlikely" i

An AI rout wipes trillions off Wall Street — Tokyo and Seoul fall 6% and the US jobs report lands today The post-midterm rally lasted a single day. On Thursday the Nasdaq fell 5.52%, its biggest daily drop in 19 months, and entered correction territory, while the S&P 500 lost 4.36% and the Dow 1,833 points, as fears that the new Democratic Congress will tighten AI regulation compounded worries about AI spending; Nvidia fell 9%, and the VIX jumped 70% to 28.18. The rout swept

Oil slumps 9% as Vance turns against the Iran war — the Dow posts its best post-midterm day in 44 years and the Bank of England decides today Brent fell 9.4% to $94.63 on Wednesday and WTI dropped below $90 after Vice President JD Vance blamed the Iran war for the Republicans' midterm defeat and urged an end to the conflict, although President Trump said he would wage it again and Tehran rejected the latest US draft WallStreet higher: the Dow gained 3.03%, its best day after

Democrats take control of Congress — the dollar slides, gold jumps and Europe opens higher Democrats won control of both houses of Congress in the US midterm elections, according to projections by US news networks, ending two years of single-party government in Washington. The dollar fell to a one-month low, with the euro up 0.54% at 1.1255, and gold jumped 2.6% back above $4,000 to $4,042.40, while US stock futures are steady. President Trump linked the result to voters' unh

Americans vote as the US strikes Iran's Qeshm Island — a day after peace hopes sent oil down 8% Oil had its steepest fall since July on Monday after Iran said it could reopen the Strait of Hormuz within two days as part of a deal with Washington and President Trump said an agreement "could happen": Brent fell 8.1% to $104.23. Overnight, however, US forces carried out limited strikes on Iran's Qeshm Island, and Brent has rebounded 2.4% to $106.76. Americans vote today in midte

Oil falls on Iran talks in Doha — as markets brace for the US midterms after a brutal week for tech Brent has fallen 2.7% to $110.39 this morning after Iranian negotiators held a third day of Qatari-mediated talks in Doha and Tehran said the negotiations are progressing, although tankers were hit in the Strait of Hormuz and President Trump warned Iran it may face "the hammer". The relief follows a rout in technology shares: on Friday the Nasdaq 100 fell 3.46% due Intel's wors