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WASHINGTON (AP) — A federal judge on Thursday denied Trump White House official Peter Navarro's bid to remain out of prison while he appeals his contempt of Congress conviction for refusing to cooperate with an investigation into the Jan. 6, 2021, attack on the U.S. Capitol. Navarro was sentenced last month to four months behind bars after being found guilty of defying a subpoena for documents and a deposition from the House Jan. 6 Committee. Navarro was the second Trump aide convicted of contempt of Congress charges. Former White House adviser Steve Bannon previously received a four-month sentence but is free pending appeal. The judge barred him from making that argument at trial, however, finding that he didn’t show Trump had actually invoked it.

Persons: Peter Navarro's, Navarro, Judge Amit Mehta, Navarro didn't, Steve Bannon, Donald Trump, Trump, Democrat Joe Biden Organizations: WASHINGTON, —, Trump White House, U.S . Capitol, Bureau of Prisons, Trump, White, Democrat

U.S. District Judge Royce Lamberth condemned the depiction by Trump and Republican allies of Jan. 6 defendants as “political prisoners” and “hostages." Lamberth also denounced attempts to undermine the legitimacy of the justice system for punishing rioters who broke the law when they invaded the Capitol. Photos You Should See View All 45 ImagesAt least two other rioters shouted “Trump won!” in court after receiving their punishment. Lamberth had originally sentenced Little in 2022 to 60 days behind bars, followed by three years of probation. “Little cannot bring himself to admit that he did the wrong thing, although he came close today,” Judge Lamberth wrote.

Persons: Royce Lamberth, Trump, ”, Lamberth, Ronald Reagan, Marc Bru, ” Bru, “ Trump, Rachel Marie Powell, Judge Amit Mehta, " Mehta, Barack Obama, Peter Schwartz, You’re, Alexei Navalny, “, James Little, Little, Little’s, Judge Lamberth, Christopher Cooper, Richard “ Bigo ” Barnett, Nancy Pelosi’s, ” Cooper, Barnett, ____ Richer Organizations: District, Republican, Capitol, Trump, White, CNN, Washington , D.C, House, The Associated Press, J6 Locations: Pennsylvania, Kentucky, Washington ,, North Carolina, Arkansas, Boston

☆ Buy these high-quality small-cap stocks with solid growth and attractive valuations, Goldman Sachs says
▼ + stars: | 2024-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Although small-cap stocks have taken a hit so far this year, Goldman Sachs thinks expectations of a healthier economic backdrop make the group look attractive — especially since they're already trading at fairly cheap valuations. Analyst Eric Sheridan initiated shares at a buy with a $16.50 price target in December. Goldman thinks shares could gain more than 50% over the next year, according to last week's closing price. Solar equipment company Shoals Technologies is another Goldman small-cap favorite. Other small-cap companies Goldman likes include coconut water company Vita Coco , food packaging company Sealed Air and crowd-sourced reviews platform Yelp .

Persons: Goldman Sachs, Russell, Deep Mehta, Mehta, Eric Sheridan, Goldman, — Goldman, Shoals, Tinder, Vita Coco, — CNBC's Michael Bloom Organizations: Goldman, Technologies, Barclays Locations: Wells, Wednesday's

WASHINGTON (AP) — A prominent defense attorney whose star clients have included Snoop Dogg pleaded guilty Friday to leaking grand jury information to reporters about a political conspiracy case against a rapper from the Fugees. Michel's trial included testimony from such figures as actor Leonardo DiCaprio and former U.S. Attorney General Jeff Sessions. Kenner’s attorney said in court documents that the reporters originally agreed to sign a protective order, but later changed their minds. L. Barrett Boss, one of the defense attorneys, said Kenner was planning to retire after Michel’s trial. But Boss said Kenner is “very strained financially” because he spent $1.4 million “out of pocket” on Michel’s defense.

Persons: Snoop Dogg, David Kenner, Suge Knight, Tory Lanez, Kenner, ” Michel, Leonardo DiCaprio, Jeff Sessions, ” Kenner, Michel, Peter Zeidenberg, Kenner misattributing, Diddy, Judge Amit Mehta, Mehta, Barrett Boss, Boss, Pras Michel, Erica Dumas, Barack Obama’s, Trump, DiCaprio, Jho, _____ Whitehurst Organizations: WASHINGTON, Bloomberg News, U.S, Bloomberg, Kenner, Justice Department, Hollywood Locations: California, Washington, U.S, Malaysian, China, Philadelphia

WASHINGTON (AP) — A Trump White House official convicted of contempt of Congress for refusing to cooperate with a congressional investigation into the Jan. 6, 2021 attack on the U.S. Capitol is set to be sentenced Thursday. Navarro was found guilty of defying a subpoena for documents and a deposition from the House Jan. 6 committee. Navarro served as a White House trade adviser under then-President Donald Trump and later promoted the Republican’s baseless claims of mass voter fraud in the 2020 election he lost. Navarro has vowed to appeal the verdict, saying he couldn’t cooperate with the committee because Trump had invoked executive privilege. Former White House adviser Steve Bannon was convicted of two counts and was sentenced to four months behind bars, though he has been free while appealing his conviction.

Persons: Peter Navarro, Trump, Navarro, Donald Trump, ”, Steve Bannon, Judge Amit Mehta, — Organizations: WASHINGTON, Trump White House, U.S . Capitol, Prosecutors, White, Justice Department, Defense

☆ Former Trump adviser Peter Navarro sentenced to 4 months in jail for defying congressional subpoena
▼ + stars: | 2024-01-25 | by ( Devan Cole | Holmes Lybrand | ) edition.cnn.com time to read: +5 min

Washington CNN —Peter Navarro was sentenced Thursday to four months in jail for contempt of Congress after defying a subpoena related to the congressional investigation into the January 6, 2021, US Capitol attack. Each count carries a mandatory minimum sentence of one month in prison, but prosecutors had asked Mehta to sentence Navarro to six months for each count – running concurrently – and fine him $200,000. Former Trump adviser Steve Bannon was convicted in 2022 on two contempt counts and later sentenced to four months in prison. The Justice Department used its testimony to make the case that the committee had good reason to subpoena Navarro and that he was informed repeatedly of its demands. Navarro has insisted that he didn’t comply with the subpoena at the direction of Trump, who he claimed invoked executive privilege in the matter.

Persons: Washington CNN — Peter Navarro, Navarro, Amit Mehta, “, ”, ” Mehta, Trump, Mehta, stonewalled, Donald Trump, Steve Bannon, Elizabeth Aloi, Navarro “ Organizations: Washington CNN, Trump, DC, Appeals, Capitol, Justice Department, Prosecutors Locations: Navarro

☆ The AI explosion has made machine learning jobs hot commodities. But do you really need a Ph.D. to get one?
▼ + stars: | 2024-01-25 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

"I don't wanna get a Ph.D. but wanna work as a Machine Learning Engineer," an X user wrote, kicking off a debate. I don't wanna get a PhD but wanna work as a Machine Learning Engineer. AdvertisementOne respondent said a doctorate is only relevant for research, not machine learning engineering. The discussion comes as employers and would-be workers assess which skills and education are most useful as the AI job market booms. One X user's response to the original post pointed out that a Ph.D. is just one way to become a machine learning engineer.

Persons: —, Tanay Mehta, Cristian Garcia, X Garcia, Garcia, Chris Foltz, Lindsey Duran, Alex Shapiro, Jasper AI Organizations: Service, Business, Google, IBM, Jasper

☆ Trump adviser Peter Navarro to be sentenced for defying Jan. 6 committee subpoena
▼ + stars: | 2024-01-25 | by ( Ryan J. Reilly | ) www.cnbc.com time to read: +3 min

Peter Navarro, a former advisor to former U.S. President Donald Trump, arrives at the E. Barrett Prettyman Courthouse on January 25, 2024 in Washington, DC. WASHINGTON — Former Trump White House adviser Peter Navarro will be sentenced Thursday for criminal contempt of Congress, with federal prosecutors saying he "thumbed his nose" at the House committee investigating the Jan. 6 attack on the U.S. Capitol. Federal prosecutors are seeking six months in federal prison for Navarro, saying he, "like the rioters at the Capitol, put politics, not country, first, and stonewalled Congress's investigation." Navarro, prosecutors said, "chose allegiance to former President Donald Trump over the rule of law." U.S. District Judge Amit P. Mehta will sentence Navarro at the hearing, which gets underway at 10 a.m.

Persons: Peter Navarro, Donald Trump, Barrett Prettyman, Navarro, WASHINGTON, stonewalled, Trump, Steve Bannon, Stephen Bannon, Amit P, Mehta Organizations: WASHINGTON —, Trump White House, U.S . Capitol, United States Capitol, Republicans, Capitol, White House Locations: Washington , DC, Washington, U.S

☆ India Counts Down to Opening of Grand Ram Temple in Ayodhya
▼ + stars: | 2024-01-22 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

"The construction of the Ram Temple is an instrument to unite the country," Modi said in a message published on newspaper front pages ahead of a spectacle that will be watched by millions of Indians at home and abroad. India's Hindus say the site is the birthplace of Lord Ram, and was holy to them long before Muslim Mughals razed a temple at the spot to build the Babri Masjid, or mosque, in 1528. Nearly 8,000 people are expected to attend the invitation-only ceremony, from top business leaders to movie stars and sportspersons. More than 10,000 police personnel have fanned out across the city of 3 million people to provide security and keep out gatecrashers. The temple opens to the public on Tuesday and its management expects at least 100,000 visitors a day for the first few months.

Persons: Saurabh Sharma, Rajesh AYODHYA, Lord Ram, Narenda, Modi, Pratap Bhanu Mehta, YP Rajesh, Clarence Fernandez Organizations: Bharatiya Janata Party, BJP, Supreme Court, Indian Express, YP Locations: India, Ayodhya, Ram

☆ Indian Devotees Splurge on Jets, Gold Idols as Hindu Temple Opens
▼ + stars: | 2024-01-19 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

Indian Prime Minister Narendra Modi and Asia's richest man Mukesh Ambani are among the 8,000 or so attendees at Monday's inauguration event for the Ram Temple, which devotees believe is built on the birthplace of Lord Ram, a sacred Hindu deity. Officials estimate 100 private jets will descend on Jan. 22 on Ayodhya airport, filling it to capacity. Mehra did not disclose the price of the charters, but private jet booking website JetSetGo lists the price of a Mumbai-Gorakhpur flight on a Falcon 2000 jet with nine passengers on board at about $74,000. There is a waiting period of two weeks," said Baldev Singh, a manager at HS Jewellers in Lucknow city. "People are betting on economic prosperity but there's also emotional attachment to be part of the Ayodhya story."

Persons: Saurabh Sharma, Tanvi Mehta, Narendra Modi, Mukesh Ambani, Lord Ram, Modi, It's, Rajan Mehra, Mehra, Baldev Singh, Amitabh Bachchan, Abhinandan, Abhinandan Lodha, Aditya Kalra Organizations: Indian, Ram, Bharatiya Janata Party, Dassault, Reuters Locations: Tanvi Mehta AYODHYA, India, Ayodhya, Varanasi, Gorakhpur, Mumbai, Thailand, Lucknow city

A federal judge on Tuesday rejected a bid for a new trial for Peter Navarro, a Trump White House official convicted of contempt of Congress for refusing to cooperate with a congressional investigation into the U.S. Capitol attack. Navarro, who served as a White House trade adviser under President Donald Trump, was found guilty by a jury in Washington's federal court for defying a subpoena for documents and a deposition from the House Jan. 6 committee. Navarro was the second Trump aide to face contempt of Congress charges after former White House adviser Steve Bannon. Navarro’s sentencing is scheduled for Jan. 25 in Washington's federal court. He was convicted of two misdemeanor counts of contempt of Congress, both punishable by up to a year behind bars.

Persons: Peter Navarro, Navarro, Donald Trump, He's, Judge Amit Mehta, “ Defendant, ” Mehta, Trump, White, Steve Bannon, Bannon, “, ___ Richer Organizations: Trump White House, U.S . Capitol, White, Republican Locations: Boston

So far, Woods' plans have turned investors demanding an energy transition strategy into believers - at least on climate. At the same time, the company plans to have a leading role in the vehicle electrification business. Reuters GraphicsMORE OIL VS GREEN AMBITIONExxon's ambitious agenda includes starting up the world's largest hydrogen power plant by 2027. RISKY BUSINESSThe $17 billion budget for low carbon technologies as the company's total revenue grows next year "will continue to rise", the CEO said. Spending in low carbon currently is constrained by scarcity of customers willing to sign up for contracts and insufficient regulations, Woods said.

Persons: Darren Woods, Carlos Barria, Woods, ”, Paul Sankey, Sankey, Chris James, Dan Ammann, Goldman Sachs, Neil Mehta, Ammann, Brian Weeks, Chris Bohn, Sabrina Valle, Richard Valdmanis, Gary McWilliams, Anna Driver Organizations: ExxonMobil, Economic Cooperation, REUTERS, Exxon Mobil, Natural Resources, Chevron, Reuters, Exxon, Sankey Research, Carbon Solutions, Thomson Locations: Asia, San Francisco , California, U.S, United States, Sankey, Americas, Brazil, Guyana, Texas, Gulf of Mexico, Houston, Dubai

☆ Goldman breaks down the laggard trade and gives its comeback picks for first quarter 2024
▼ + stars: | 2023-12-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Today's market-leading stocks may not have the luxury to sit on their laurels, according to Goldman Sachs. Since Goldman Sachs began tracking the "Laggards" trade in 2022, the trend has held up 13 years out of 21, according to Mehta. The laggards have on average outperformed the S & P 500 by 130 basis points. The first, "differentiated buys," includes opportunities where Goldman Sachs analysts have out-of-consensus buy ratings. Finally, Goldman Sachs analysts also identified stocks with a "track record of CROCI [cash return on capital invested] generation," a metric that evaluates a company's cash return against its total equity.

Persons: Goldman Sachs, there's, Deep Mehta, Mehta, Laggards, laggards, Locker, — CNBC's Michael Bloom Organizations: Financial, Barclays, Mosaic, CF Industries, Clear, Chesapeake Energy, Shoals Technologies, Biomarin Pharmaceutical, Body Works, Mohawk Industries, Bristol, Myers Squibb, Honeywell International, United Parcel Service Locations: . Norfolk Southern, Bath

☆ Apple, Paramount discuss bundling their streaming services - WSJ
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsDec 1 (Reuters) - Apple (AAPL.O) and Paramount Global (PARA.O) have discussed bundling their streaming services at a discount, the Wall Street Journal reported on Friday. The companies have talked about offering a combined Paramount+ and Apple TV+ offering that would cost less than subscribing to both services separately, the report said, citing people familiar with the discussions. The talks are in their early stages, and it is unclear what shape the bundle could take, the report added. Apple and Paramount did not immediately respond to Reuters requests for comment.

Persons: Dado Ruvic, Chavi Mehta, Pooja Desai Organizations: REUTERS, Paramount Global, Wall Street, Paramount, Apple, Thomson Locations: Bengaluru

WASHINGTON (AP) — Lawsuits against Donald Trump brought by Capitol Police officers and Democratic lawmakers over the U.S. Capitol riot, can move forward, a federal appeals court ruled on Friday. Circuit Court of Appeals denied Trump's request to dismiss the lawsuits that accuse him of inciting the violent mob on Jan. 6, 2021. Political Cartoons View All 1274 ImagesTrump’s lawyers have said the president’s words involved “matters of public concern” and falls within the scope of absolute presidential immunity. They noted in court papers that Trump was acquitted in the U.S. Senate of inciting the riot after a historic impeachment trial, and claimed the lawsuits are “just this type of harassment presidential immunity is meant to foreclose.”The D.C. appeals court decision comes after Trump challenged a federal judge's ruling denying his effort to throw out the lawsuits. U.S. District Judge Amit Mehta had ruled that Trump’s words during the rally before the storming of the Capitol were likely “words of incitement not protected by the First Amendment.”

Persons: Donald Trump, it's, Judge Gregory Katsas, Trump, Jesse Binnall, Jack Smith, Joe Biden, ”, Judge Amit Mehta Organizations: WASHINGTON, Capitol Police, Democratic, U.S, Capitol, Circuit, Appeals, Trump, White House, U.S . Senate Locations: Washington, U.S

☆ I'm an American mom of 3 living in India. My kids learn multiple languages, and their schools focus more on STEM subjects.
▼ + stars: | 2023-12-01 | by ( Katherine Ernst Mehta | ) www.businessinsider.com time to read: +5 min

AdvertisementMy foray into the Indian school system began with education — not my children's, but my own. We now have three sons, aged 10, 8, and 4, who are enrolled in an Indian school. My experience living in the megacity of New Delhi and navigating the school system here vastly differs from what I grew up with. My kids are learning several languagesMost Indian schools adopt a bilingual approach to education. While navigating the Indian education system — and the education system in any country, for that matter — has its own set of challenges, our family has embraced this adventure.

Persons: —, Eid Organizations: Service, Independence Locations: Ohio, New Delhi, There's, India

The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsDec 1 (Reuters) - Tesla shares (TSLA.O) fell about 2% on Friday after the highly anticipated launch of its Cybertruck left analysts concerned about the electric vehicle's steep price tag and a longer wait for significant financial payoff. Musk has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. At $235.45, Tesla was set to lose about $15 billion in market valuation on Friday. "Cybertruck is more of a 'halo' product, in our view, to attract consumers to the brand for the mainstream vehicles Model 3 and Model Y," RBC Capital Markets analyst Tom Narayan said.

Persons: Yves Herman, Elon Musk, Wedbush, Bernstein, Musk, Tesla, Tesla's, Rivian, R1T, Tom Narayan, Samrhitha Arunasalam, Chavi Mehta, Devika Organizations: REUTERS, General Motors, Hummer, RBC Capital, Thomson Locations: Drogenbos, Belgium, Bengaluru

After apologizing for his post at the event on Wednesday, Musk unleashed a profanity-laced tirade against some of the advertisers for fleeing the platform. The Tesla (TSLA.O) chief acknowledged that an extended boycott by advertisers could bankrupt X, formerly Twitter, but suggested that the public would blame the brands and not him for a potential collapse. "We believe there is risk that more companies will stop advertising on X; at least on a short-term basis," D.A. Monthly U.S. ad revenue at X has declined at least 55% year-over-year each month since Musk bought the company in October 2022, Reuters reported last month. "Musk has stated that Twitter is worth a lot lesser than the $44 billion he had paid for it.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Elon, Walt Disney, Musk, D.A, Tom Forte, Russ Mould, AJ Bell, Chavi Mehta, Jaspreet Singh, Aby Jose Koilparambil, Anil D'Silva Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, New York Times, Warner Bros ., Davidson &, U.S, X, Reuters, Thomson Locations: Paris, France, Bengaluru

☆ A sales practice at American Express is under scrutiny. Here's what we know about the investigation.
▼ + stars: | 2023-11-29 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +12 min

It's not clear how much scrutiny the company is under for management's role in developing and training employees to sell the product. Subpoenas are issued to compel parties such as company executives and employees, or former employees, to appear for interviews or turn over documents. In July, the OCC assessed a $15 million civil penalty against American Express National Bank. The IRS is also involvedBrooklyn attorneys are coordinating their criminal investigation alongside the IRS's criminal-investigation unit, the people BI spoke with said. Sinking morale among some sales employeesThe investigations are taking a toll on Amex's results-driven culture, current and former sales employees told BI, because compliance staff have gotten more involved in the sales process.

Persons: Amex, hadn't, salespeople, It's, Adam Isserlis, Isserlis, John Marzulli, Brian Morris, Hiral Mehta, Morris, Boies, Boies Schiller Flexner, Seth DuCharme, Charles Blazer, he's, Mehta, Hiral, Brian Organizations: American Express, Business, Justice, New York State Department of Financial Services, BI, Brooklyn, Eastern, of, OCC, American Express National Bank, Consumer Financial, Justice Department, Department of Financial Services, Department of Justice, IRS, Federal Deposit Insurance Corp, FDIC's, Government, Costco, Securities, Eastern District, Department of Homeland Security, Boies Schiller, FIFA, Taco Bell Locations: Brooklyn , New York, of New York, Eastern, Brooklyn

☆ Micron sees first-quarter operating expenses above forecast, shares fall
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 28 (Reuters) - Micron Technology (MU.O) expects first-quarter operating expenses to be higher than its prior estimates, sending the memory chipmaker's shares down 3%, even as the company projected revenue to trend towards the upper-limit of its forecast. The company on Tuesday estimated adjusted operating expenses of about $990 million in the quarter ending Nov. 30, higher that its prior expectation of $900 million, plus or minus $15 million. The higher expenses are driven by the timing of R&D costs as well as asset sales, CEO Sanjay Mehrotra said at the UBS Global Technology Conference on Tuesday. Micron said it now expects revenue to approach $4.7 billion, compared with its previous estimate of $4.4 billion, plus or minus $200 million. It previously forecast loss of $1.07 per share, plus or minus 7 cents.

Persons: Aly, Sanjay Mehrotra, Matthew Bryson, Chavi Mehta, Krishna Chandra Eluri Organizations: Micron, REUTERS, Micron Technology, UBS Global Technology Conference, Wedbush Securities, Samsung Electronics, Thomson Locations: Shanghai, China, Bengaluru

Analysts expect Temu, launched in September last year, to generate more than $16 billion in revenue this year. Chinese retail sales in September rose 5.5%, following 4.6% growth in August. PDD's revenue was 68.84 billion yuan ($9.62 billion) in the quarter ended Sept. 30, compared with analysts' average estimate of 54.59 billion yuan, according to LSEG data. The company's net income attributable to ordinary shareholders rose to 15.54 billion yuan in the third quarter, from 10.59 billion yuan a year earlier. ($1 = 7.1532 Chinese yuan renminbi)Reporting by Chavi Mehta in Bengaluru and Casey Hall in Shanghai; Editing by Shilpi Majumdar and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Temu, Xiaoyan Wang, Chavi Mehta, Shilpi Majumdar, Mark Potter Organizations: PDD Holdings, Pinduoduo, East, Alibaba, HK, Casey Hall, Thomson Locations: China, United States, Europe, East Asia, Australia, Bengaluru, Shanghai

☆ Amtrak Tries to Take Union Station
▼ + stars: | 2023-11-27 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

The week’s best and worst from Kim Strassel, Allysia Finley and Dan Henninger. Amtrak is a rolling master class on government in action, and the latest example is its effort to seize control of Union Station in Washington via the power of eminent domain. The railway wants to do a concourse modernization project to add more seating, increase signage in the terminal, and improve infrastructure. In a September hearing before Washington, D.C., federal district Judge Amit Mehta , Amtrak CEO Steven Gardner said that the current leaseholder, a company called USI, isn’t helping the railway accomplish its plans. He complained that there’s “a mismatch” between Amtrak and “a private developer looking to maximize retail and revenue.”

Persons: Kim Strassel, Allysia Finley, Dan Henninger, Amit Mehta, Steven Gardner, isn’t, there’s Organizations: Amtrak, Station, D.C Locations: Washington

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. The company was set to erase more than $40 billion in market capitalization if losses hold, based on its current share price of $482.20. Nvidia, which has been at the forefront of artificial intelligence developments with its tailor-made graphics processing units, said its China business will take a hit from tighter export controls. Still, it forecast current-quarter revenue of $20 billion, plus or minus 2%, beating analysts' average estimate by more than $2 billion, according to LSEG data. "This disconnect between stellar earnings and an uncertain future in China is causing investor concern," said Scott Acheychek, CEO of REX Shares, which offers a fund linked to Nvidia shares.

Persons: Scott Acheychek, Nvidia's, Kyle Rodda, NVDA, Stifel, Arsheeya Bajwa, Chavi Mehta, Arun Koyyur Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, REX, Thomson Locations: Santa Clara , California, China, Bengaluru

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. But the red-hot market for AI chips is playing out in the context of vastly expanded U.S. export controls on what Nvidia can sell to China. Jacob Bourne, analyst at Insider Intelligence, said that those China-focused chips could consume vital research resources at Nvidia for products that could end up banned just like its first round of China market chips. Rival Advanced Micro Devices (AMD.O) had earlier touted the quantity of high-bandwidth memory on one of its competing AI chips. Chinese tech company Huawei's (HWT.UL) AI chip is also gaining traction from local firms as U.S. pressure makes it hard to access Nvidia chips.

Persons: Dado Ruvic, Nvidia, Jesse Cohen, Colette Kress, Jacob Bourne, Bourne, Chavi Mehta, Max A, Stephen Nellis, Arun Koyyur, Sayantani Ghosh, Matthew Lewis Organizations: NVIDIA, REUTERS, Wall, Nvidia, LSEG, Insider Intelligence, Devices, Google, Microsoft, San, Thomson Locations: China, Israel, Gaza, United States, Bengaluru, Max, San Francisco

☆ OpenAI board, Altman in talks for return of former CEO - Bloomberg News
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Sam Altman, CEO of OpenAI, attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Talks are happening between Altman and at least one board member, Quora CEO Adam D'Angelo, the report said. Altman could return as a director on a transitional board and the talks also involve some investors of the artificial intelligence startup. But things appeared fluid, as Microsoft CEO Satya Nadella told media on Monday "irrespective of where Sam is, he's working with Microsoft" and that governance at OpenAI needed to change. Other than Quora's D'Angelo, OpenAI's four-person board consisted of Tasha McCauley, Helen Toner and OpenAI chief scientist Ilya Sutskever as of Friday.

Persons: Sam Altman, Carlos Barria, Altman, Adam D'Angelo, Greg Brockman, Satya Nadella, Sam, Brockman, Nadella, Emmett Shear, Quora's D'Angelo, OpenAI's, Tasha McCauley, Helen Toner, Ilya Sutskever, Akash Sriram, Chavi Mehta, Devika Syamnath, Arun Koyyur Organizations: OpenAI, Economic Cooperation, REUTERS, Microsoft, Bloomberg, CNBC, Reuters, Thomson Locations: Asia, San Francisco , California, U.S, OpenAI, Bengaluru

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