Author: Daniel snow
[ad_1] Nvidia co-founder and CEO Jensen Huang is now nearly as rich as longtime billionaire Warren Buffett — and could even soon surpass the Oracle of Omaha, in terms of net worth.Huang, 63, has a $142 billion net worth — including a $27.6 billion increase since January 1 — according to a Bloomberg estimate on Wednesday evening. Much of his wealth comes from his roughly 3.5% stake in Nvidia, which is currently the world’s most valuable public company.Nvidia’s market cap briefly passed $4 trillion on Wednesday, making it the first to ever reach that benchmark, and its stock is up…
[ad_1] Next year, more Americans will have access to a powerful financial tool.Embedded in President Donald Trump’s sweeping budget bill are three provisions that expand access to health savings accounts — the tax-advantaged accounts available to those enrolled in a high-deductible health plan.Like a flexible spending account, an HSA is funded through pre-tax dollars and can be used to cover medical costs throughout the year. Unlike an FSA, though, the money doesn’t have a “use it or lose it” provision. Rather, the funds sit in an account you own and can take with you should you switch jobs.Another feature that…
[ad_1] President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers.Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S. Department of Agriculture.Coffee beans need to grow in a warm, tropical climate, making Hawaii and Puerto Rico the only suitable places in the United States to farm the crop. But, as the world’s top consumer of coffee, the U.S. requires a massive supply to stay caffeinated. Mintel estimates that the U.S. coffee market reached $19.75 billion last year.The increase in…
[ad_1] CNBC spotted a Tesla robotaxi in Austin, Texas, on June 24, 2025Katie TarasovElon Musk’s Tesla has applied to test and eventually deploy its Robotaxi vehicles in Phoenix, Arizona, following in the footsteps of market leader Waymo.Tesla has applied to conduct autonomous vehicle testing and operations, with and without human safety drivers on board, in Arizona, a spokesperson for the Arizona Department of Transportation told CNBC on Thursday. A decision on the application is expected at the end of July, and Tesla has “expressed interest in operating within the Phoenix Metro area,” the spokesperson said via email.Reuters first reported Tesla’s…
[ad_1] Analysts see paths to more milestones for Nvidia after the stock closed at a $4 trillion market capitalization for the first time Thursday. [ad_2] Source link
[ad_1] Statue of George Mason on campus of George Mason University, Fairfax, Virginia. Robert Knopes | UCG | Universal Images Group | Getty ImagesThe Department of Education said Thursday that it has opened an investigation into George Mason University’s hiring and promotion practices, the second federal probe of the Fairfax, Virginia, school launched in the past month.The department’s Office for Civil Rights is investigating a complaint filed by GMU professors who alleged that the university’s personnel decisions are skewed to favor some racial groups over others.The department said in a statement that the alleged behavior “creates a racially hostile environment”…
[ad_1] It plays a much smaller role in our national life, and this has a dehumanizing effect on our culture. [ad_2] Source link
[ad_1] Economists have been expressing alarm over U.S. President Donald Trump’s plan to hit Brazil with a 50% tariff on Aug. 1 — the largest country-specific levy out of the 22 that Trump has rolled out this week. [ad_2] Source link
[ad_1] Republican presidential nominee and former U.S. President Donald Trump speaks during a press conference at Trump Tower in New York City, U.S., September 6, 2024. David Dee Delgado | ReutersA federal appeals court in New York on Thursday upheld a civil jury verdict that found President Donald Trump liable for sexually abusing and defaming the writer E. Jean Carroll, and which ordered him to pay her $5 million in damages.A three-judge appeals panel in its unanimous ruling said it concluded that Trump “had not demonstrated that the district court” judge who presided over his trial “erred in any of the…
[ad_1] The benchmark cements the chipmaker’s status as a Wall Street favorite. [ad_2] Source link