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Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history
Nvidia shares plunged 17% on Monday, resulting in a market cap loss of close to $600 billion, the biggest drop ever for a U.S. company.CNBC - 3d -
Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene
Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.NBC News - 3d -
Meta nearly doubling spending with eye toward AI
Meta CEO Mark Zuckerberg announced Friday the social media company will nearly double its spending this year as it focuses on artificial intelligence (AI) development. Meta is planning to invest ...The Hill - 6d -
Trump pardons nearly 1,600 Jan. 6 defendants
On his first day in office, President Trump pardoned and commuted the sentences of nearly 1,600 people convicted of offenses related to the Jan. 6, 2021, assault on the U.S. Capitol. Among them are ...CBS News - Jan. 21 -
The Dodgers Won the World Series. Then They Spent Nearly Half a Billion Dollars.
It’s been 25 years since an M.L.B. team won back-to-back titles, but Los Angeles is unfazed.The New York Times - Jan. 21 -
Bacon heavyweight Smithfield Foods to tip IPO scales at $11 billion with an eye on amassing market share
China-owned bacon maker sets IPO terms at $24 to $27 with 397.47 million shares outstanding.MarketWatch - Jan. 21 -
Trump pardons nearly all Jan. 6 rioters on first day of presidency
President Trump pardoned nearly all Jan. 6 defendants on Monday, making good on a long-standing campaign promise just hours into his second presidency. He briefly said Monday night that he ...The Hill - Jan. 21 -
Hedge fund managers pocket nearly half of investment gains as fees
Industry has taken $1.8tn in charges since the 1960s, according to LCH researchFinancial Times - Jan. 20 -
A stuntman's body was changing. It took nearly a decade to find out why
Ray Kohn knew something was wrong, but it took several years dozens of doctor's visits to find an answer.CBS News - Jan. 18 -
Biden pardons nearly 2,500 nonviolent drug offenders
"With this action, I have now issued more individual pardons and commutations than any president in U.S. history," President Joe Biden wrote in his announcement Friday.ABC News - Jan. 17 -
Reeves vs the markets
Plus, how Kemi Badenoch and Ed Davey have kicked off 2025Financial Times - Jan. 17 -
Joe Biden commutes sentences of nearly 2,500 non-violent drug offenders
Total number of pardons and commutations issued by US president is now higher than any of his predecessors. Joe Biden , who leaves office next week, announced on Friday he was commuting the ...The Guardian - Jan. 17 -
Biden announces final round of student loan forgiveness, bringing aid total to nearly $189 billion
The Biden administration announced on Thursday its final round of student loan forgiveness, clearing over $600 million in the debt for thousands of borrowers.CNBC - Jan. 17 -
Biden commutes the sentences of nearly 2,500 non-violent drug offenders
President Biden on Friday announced he would commute the sentences of nearly 2,500 people convicted of non-violent drug offenses as one of his last major moves just days before leaving office. ...The Hill - Jan. 17 -
How Trump’s Treasury Nominee Allegedly Avoided Nearly $1 Million in Taxes
Hedge fund manager Scott Bessent is facing questions about his personal taxes at a hearing on his treasury secretary nomination.Inc. - Jan. 16 -
Nearly 330,000 smoke alarms sold by HSN recalled due to malfunction
There have been 8 reports of made-in-China alarms sold by HSN nationwide and online not sounding in response to smoke.CBS News - Jan. 16 -
Nearly Half of Adults Worldwide Hold Antisemitic Views, Survey Finds
A fifth of the respondents haven’t heard of the Holocaust, during which six million Jews were killed, while 21% believe it has either been exaggerated by historians or it never happened.The Wall Street Journal - Jan. 14 -
Moderna stock plunges nearly 17% after company lowers 2025 sales forecast by $1 billion
Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in the second half of the year.CNBC - Jan. 13 -
China’s Trade Surplus Reaches a Record of Nearly $1 Trillion
China’s vast exports in 2024 exceeded its imports on a scale seldom seen anywhere except during or immediately after the two world wars.The New York Times - Jan. 13 -
Stock market’s ‘Trump bump’ nearly erased thanks to bond selloff. What’s next.
The S&P 500 is threatening to erase the “Trump bump” investors attributed to Donald Trump’s victory.MarketWatch - Jan. 11 -
Rams-Vikings Relocation Nearly Unprecedented in NFL History
Ultimately, the NFL had no choice. On Thursday, as multiple fires continued to burn across Los Angeles, the league announced it would move Monday night’s wild card game between the Los Angeles Rams ...Yahoo Sports - Jan. 10 -
Biden extends legal status of nearly 1 million immigrants
The Biden administration announced it would extend the temporary legal status of nearly 1 million immigrants from El Salvador, Sudan, Ukraine and Venezuela.CBS News - Jan. 10 -
TGL golf league debut draws nearly 1M viewers
This week's debut of the TGL indoor golf league drew nearly a million viewers on ESPN, according to Nielsen.ESPN - Jan. 9 -
‘Essential’: nearly 800 incarcerated firefighters deployed as LA battles wildfires
The firefighters earn $5.80-$10.24 per day plus $1 an hour when responding to active emergencies, according to CDCR. LA fires live updates: California wildfires latest news Californians: have ...The Guardian - Jan. 9 -
Why eggs are nearly $9 a dozen in California — and when prices could drop
Egg prices at the grocery store shocked many consumers over the recent holiday season, and those prices are expected to continue to climb after an unanticipated spike in the number of bird flu ...MarketWatch - Jan. 8 -
AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation
The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.Inc. - Jan. 8 -
US applications for jobless claims fall to 201,000, lowest level in nearly a year
U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffsABC News - Jan. 8 -
Lawmakers play the market
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Dozens of lawmakers beat stock market: report More than two dozen lawmakers once ...The Hill - Jan. 8 -
LA tech entrepreneur nearly misses flight after getting trapped in robotaxi
Mike Johns’ self-driving car started circling a parking lot, but he recognizes there are ‘glitches that need stitches’. A tech entrepreneur based in Los Angeles became trapped in a malfunctioning ...The Guardian - Jan. 6 -
Bet365 boss Denise Coates’ pay nearly halved to £150mn last year
Head of betting firm remains one of the UK’s wealthiest executivesFinancial Times - Jan. 6 -
Soccer-loving nun from Brazil is world's oldest person at nearly 117
Sister Inah Canabarro became the world's oldest living person after the death of Japan's Tomiko Itooka.CBS News - Jan. 5 -
5 truths about the Sixers with trade deadline nearly 1 month away
With just over a month until the trade deadline, here's what we've learned about the Sixers and the decisions ahead for Daryl Morey.Yahoo Sports - Jan. 4 -
Power is restored to nearly all of Puerto Rico after a major blackout
BAYAMÓN, Puerto Rico — Power was restored to nearly all electrical customers across Puerto Rico on Wednesday after a sweeping blackout plunged the U.S. territory into darkness on New Year’s Eve.NBC News - Jan. 2 -
We're selling this stock for the first time in a year, locking in a nearly 1,000% gain
The last time we trimmed this stock was Jan. 2, 2024.CNBC - Jan. 2 -
Mortgage demand dives nearly 22% to end 2024
A sharp rise in mortgage interest rates took its toll on mortgage demand, hitting just as the housing market entered its typically slowest stretch of the year.NBC News - Jan. 2 -
Mortgage demand dives nearly 22% to end 2024
Rising mortgage interest rates collided with the slowest month of the year for sales.CNBC - Jan. 2 -
Power is restored to nearly all of Puerto Rico after a major blackout
Electric power has been restored to nearly all affected customers across Puerto Rico after a sweeping blackout plunged the U.S. territory into darkness on New Year’s EveABC News - Jan. 1
