The New York Times – Business:
A woman whom U.S. intelligence identified as a Chinese spy had ties to Nvidia’s chief executive, Jensen Huang, dating to at least 2023. Ana Swanson, our reporter on trade and economics, explains what new photos show.
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Toyota Plans to Sell a Kei Pickup Truck in the U.S.
The New York Times – Business:
The automaker plans to sell Americans “Kei” pickup trucks, which are very popular in Japan and with U.S. auto enthusiasts. Even President Trump is a fan.
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Anthropic’s Giant IPO Will Tie It Closer to Nvidia
The New York Times – Business:
Nvidia planned to invest $10 billion in Anthropic alongside its initial public offering, the largest of the new financial commitments from several giants to the A.I. company.
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Nvidia Hires Wachtell Lipton to Investigate C.E.O.’s Affair With Chinese Executive
The New York Times – Business:
Wachtell partner Joon H. Kim, a former acting U.S. attorney, is leading the inquiry into the chip maker’s chief executive.
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Weil Gotshal Partners Vote to Shut Down After Nearly a Century
The New York Times – Business:
The large law firm, known for its powerful bankruptcy practice, started coming apart as prominent partners moved to other firms.
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Who Is Alice Huang, the Woman in the Middle of Nvidia’s Spy Scandal?
The New York Times – Business:
Alice Huang, who U.S. intelligence determined is a Chinese asset, emerged from the high-flying world of Shanghai finance to work with tech titans and obtain essential A.I. chips.
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Data Show Households Still Managing to Meet Their Monthly Debts
The New York Times – Business:
The New York Fed detailed general steadiness in debt payments for autos, student loans and mortgages.
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Elevated Inflation Keeps Pressure on Fed to Raise Rates
The New York Times – Business:
October’s Consumer Price Index report showed a broadening of price pressures that has stoked concerns about the Federal Reserve’s grip on inflation.
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Failure of Billionaire Tax Strikes Blow to Progressive Agenda
The New York Times – Business:
A wealth tax on billionaires seemed like a political layup. The outcome of a California ballot initiative shows otherwise.