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Nscale expects 14-fold revenue surge in amended IPO filing

Nscale, a British cloud provider backed by chip giant Nvidia, amended its initial public offering filing on Thursday and said it expects revenue to jump 1,344% in the first nine months of the year. Here are more details: • The London-based company reported preliminary revenue of $307.5 million in the nine months ended September 30, compared with revenue of $21.3 million in the year-ago period• But it expects net loss of $1.7 billion in the reported period, wider than the $433.3 million net loss a year ago• Thursday's amendment to the filing revealed the preliminary numbers after adding

Pope Leo mulls changes in how Church treats abuse victims in Peru meeting

US Senate Banking Committee chair calls on Jensen Huang, Lutnick to testify

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Trading Day: Weathering the Nvidia storm

US stocks fell on Thursday, as investors digested the dramatic developments at AI giant Nvidia, where CEO Jensen Huang resigned in the wake of multiple reported extramarital affairs, one of which was with an alleged Chinese spy. However, given the seismic nature of the news, and a sharp rise in bond yields and oil prices, Wall Street's losses were pretty mild. In my column today, I look at Wall Street's resilience in the face of the recent AI tremors, as investors have rotated into other under-owned parts of the market. As a result, the S&P 500 is less than 3% off its record high. But can

Canada threatens to sue Stellantis over auto plant sale as Trump’s trade war shifts production south

SpaceX, Tesla merger talks progress, Bloomberg News reports

Business|Finance|Technology

Kalshi in talks to raise funds at $65 billion valuation for compute futures platform, source says

Kalshi is in talks to raise fresh funds at a $65 billion valuation to build a new platform for trading compute futures, a source familiar with the matter told Reuters on Thursday, days after announcing the finalization of its previous round.Kalshi could not immediately be reached for comment. The company raised $1 billion in a new funding round late last month amid efforts to expand beyond event ‌contracts and compete more directly with traditional exchanges.The round was co-led by Sequoia and Wellington. The October fundraise came just over five months after Kalshi raised $1 billion in a C

FBI says US has seized $1.2 billion worth of cryptocurrency stolen from Binance

Anthropic's IPO is about six times oversubscribed, Bloomberg News reports

US News

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Trump tells Vance to turn his focus away from Iran: ‘We don’t need a deal’

President Donald Trump on Thursday offered mixed messages on his approach to the war with Iran, first writing on social media that the US doesn’t “need a deal” with Tehran and pulling Vice President JD Vance away from the talks to focus elsewhere, then later conceding it would be a “defeat” to walk away with Iran’s current regime still in power.In a morning Truth Social post, Trump said he was directing Vance, who had been tasked with leading negotiations between the US and Iran, “to focus his complete and total attention” on rooting out corruption and crime in Democratic state

Crime|Political|US

Richard Glossip, Oklahoma man on death row for years, pleads guilty to lesser charge

Richard Glossip, the Oklahoma man who spent nearly 30 years on death row before his murder conviction was overturned by the US Supreme Court last year, pleaded guilty Thursday to accessory to murder after the fact, avoiding a third murder trial, his attorney told CNN.The plea agreement came during what was expected to be a pretrial hearing ahead of a retrial scheduled for December on a charge of first-degree murder.Instead, his sentencing is scheduled for December 17 and 18, his attorney said. His defense plans to ask for time served, while prosecutors said they intend to seek additional priso

Crews search rubble of deadly NY building collapse as rain threatens to complicate rescues

5 people are shot in DC, including 1 killed at a gym, and then suspect kills himself

At least 8 killed, 17 hurt in Brooklyn building collapse, officials say

New York (WCBS, WLNY) -- At least eight people were killed and 17 others injured Wednesday in Brooklyn when one building collapsed and a second was significantly damaged, authorities said. The collapse occurred just after 4 p.m. Eastern time Wednesday at a three-story building on Flatbush Avenue near Bedford Avenue in Flatbush.The New York City Police Department said a building at 1321 Flatbush Ave. was completely collapsed, while the side of an adjacent building at 1323 Flatbush Ave. was torn off in the process.According to police, the building that fully collapsed wa

Father of boy who survived being buried alive is charged with attempted murder in South Carolina

An 11-month-old South Carolina boy who authorities say was buried alive in a dog crate by his father was found by rescuers after about 24 hours, crying and covered in dirt, his grandfather said about the dramatic rescue. But soon after, little Koah Sharp stopped crying, John Comer told The Associated Press on Wednesday night as he recalled the events that played out the day before in the woods on his neighbor's property. The infant was put on the back of a truck and sat up, Comer said. “I became ecstatic, my hands straight in the air. I’m looking in the sky, ju

Mississippi elects Democrat Scott Colom as state's first Black US senator since Reconstruction

Massive rescue effort underway after NYC building collapse leaves at least 1 dead, 12 injured, officials say

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Sports|World

Longtime NBC Sports announcer Dan Hicks dies at 64

Sportscaster Dan Hicks, who was the voice of golf, Olympic swimming and Notre Dame football during a 35-year career at NBC Sports, has died, his family and NBC announced Thursday. He was 64. Hicks died late Wednesday in Connecticut. He died of an acute illness, according to his wife, Hannah Storm. He had been scheduled to call Notre Dame's game Saturday. “Our family is heartbroken by the sudden and unexpected passing of Dan,” Storm said in a statement. “He was a devoted husband of over 30 years, loving father to our three daughters, and cherishe

Israeli strike on Gaza hospital kills at least 6, including doctor and child, Palestinian officials say

An Israeli strike on a hospital in southern Gaza overnight Wednesday killed at least six people, including a doctor and a child, Palestinian officials say.The strike on Nasser Hospital shortly after midnight hit the complex’s surgery unit, according to a Gaza Civil Defense spokesman. The attack tore through part of the hospital, Ezz Eddine Abu Sabha said, leaving charred debris scattered across the destroyed unit.The strike killed 52-year-old Dr. Rizk Abu Shaira, Abu Sabha said, as well as a 13-year-old boy who was supposed to have surgery. A total of 40 people were injured in the Israeli st

Yemen’s Houthis hold mass funeral as they call for action to protect civilians

US envoys Witkoff and Kushner may visit Russia in coming days, TASS reports

Arts|Crime|Health|World

A missing teen is found alive after 6 days in the Australian woodlands

A 17-year-old boy with autism was found alive Thursday after six days lost in eastern Australian woodlands. The boy, whom police identified only as William, had begun camping with a teenage friend when he disappeared last Friday near Walhalla, a former gold-mining town 185 kilometers (115 miles) east of Melbourne, police said. A police helicopter crew found him surrounded by wilderness lying asleep on a flat rock beside a creek, and he was later reunited with his mother. William was in good spirits and mostly in good health, the police statement said.

The $1 trillion question facing Nvidia and Jensen Huang: Who lied to whom?

Nvidia, Jensen Huang, a reported subordinate and a suspected Chinese spy are at the center of a soap opera captivating Wall Street, Silicon Valley and Washington.And, like every other soap opera, this one appears to involve at least a dose of deception leading up to Huang’s shocking exit on Thursday. Did Nvidia’s rockstar CEO mislead his bosses on the board of directors? Did Nvidia and its board conceal from investors what was really going on?Unlike a typical daytime drama, the stakes here are epic. Untangling who lied to whom could determine the fate of trillions of dollars. Huang was vie

Witkoff and Kushner meet Zelensky after talks with Putin, as Ukraine says Starshield restricted again

Housing protests sweep Madrid and Barcelona after Spain’s workers strike, with clashes erupting

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What we know after Jensen Huang resigns as Nvidia's CEO

Business|Finance|Technology

CFO Colette Kress to serve as interim leader after Nvidia CEO Jensen Huang resignation

Election

Black voters view Scott Colom's historic US Senate win through lens of Mississippi's racial legacy

Scott Colom's election win in Mississippi means he will be the first Black man to represent the Deep South state in the U.S. Senate in nearly 150 years

Business|Finance|Stock Markets|Technology

Nvidia CEO Jensen Huang steps down

Business|Finance|Science|Technology

Nvidia CEO Jensen Huang resigns in blow to AI boom he helped foster

Nvidia CEO Jensen Huang stepped down on Thursday after revelations of extramarital affairs, including one involving a suspected Chinese spy,

Business|Economy|Finance|Science|Technology

Wall Street shakes with swings for Nvidia and oil prices but recovers most of its early losses

The U.S. stock market shook, but it largely absorbed big swings for Nvidia and oil prices and finished with relatively modest losses

Business|Finance|Science|Technology

Who would be next CEO at Nvidia? Top engineer and CFO favored as candidates

Equities close lower as Nvidia drop outweighs energy gains

US stocks closed lower on Thursday, as a drop in Nvidia shares after CEO Jensen Huang's exit outweighed gains in energy shares.

Business|Finance|Science|Technology

Jensen Huang built the company that powers AI. Now Nvidia must find a way forward without him

Nvidia CEO Jensen Huang has resigned, capping a spectacular downfall for a poster boy of the artificial intelligence boom

Election|Political

Republicans’ lame-duck dash to confirm judges is already hitting speed bumps

California & Local

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls