Unsealed records detail JPMorgan alerts on Epstein

 

Newly unsealed court records reveal JPMorgan Chase filed a September 26, 2019 suspicious activity report flagging more than $1 billion in Jeffrey Epstein transactions from 2003 to 2019, including links to Alfa Bank and Sberbank. The documents, unsealed by Judge Jed Rakoff amid litigation with the US Virgin Islands, include...

US set to restore Nexperia chip shipments

 

The US plans to announce that Dutch chipmaker Nexperia BV, which has facilities in China, will resume shipping chips, according to a person familiar with the matter. The step follows a trade pact reached by Donald Trump and Xi Jinping at their summit this week. The Trump administration is preparing...

Californians face steep Covered California premium surge

 

Californians face steep premium hikes on the Covered California exchange as open enrollment begins Saturday, with federally subsidized plans set to jump 97% on average in 2026 if enhanced tax credits lapse amid the federal shutdown. Executive Director Jessica Altman warns as many as 400,000 enrollees could drop coverage, despite...

Nvidia unveils South Korea AI partnerships at APEC

 

On his first visit to South Korea in 15 years, Nvidia CEO Jensen Huang unveiled an expanded partnership at APEC Summit 2025 to strengthen the nation’s AI infrastructure and physical AI. South Korea will secure over 260,000 Nvidia GPUs, with about 50,000 for public AI projects and the rest for...

Amazon surges as AWS growth tops forecasts

 

Amazon shares jumped 13% after a third quarter beat, posting $1.95 EPS on $180.27 billion in revenue versus $1.57 and $177.8 billion expected. AWS revenue hit $33 billion, topping estimates and accelerating 20.2% versus the 18.1% analysts anticipated. CEO Andy Jassy said AWS is growing at a pace not seen...

Tariffs and rollbacks reshape automaker profits outlook

 

Automakers are navigating steep tariffs and supply snags, yet quarterly results show surprising resilience. Moody’s pegs this year’s industry tariff tab at $30 billion, even as chip shortages and an aluminum plant fire strain Ford and Stellantis. GM earned $3.4 billion and Ford $2.6 billion, beating forecasts; Stellantis revenue rose...

Halloween candy prices soar as chocolate sales slip

 

With Halloween looming, the real fright is sticker shock: chocolate prices are up nearly 30% from last year and 78% over five years, pushing a 100-piece candy bag to $16.39 from $7.20 in 2020. Hershey and Mars raised prices about 22% and 12%, and Hershey warned of softer holiday sales...

Tech giants escalate AI spending amid concerns

 

Google, Meta, Microsoft and Amazon signaled no letup in AI outlays, lifting data center spending to meet surging demand. Google, Microsoft and Amazon together spent $112 billion on capex in the past three months; the foursome topped $360 billion over 12 months. Concerns about a budding bubble grew, and the...

Xi vows free trade at APEC summit

 

At the APEC summit in Gyeongju, Chinese leader Xi Jinping pledged to defend global free trade and multilateral cooperation, urging stability in supply chains and collaboration on green industries. The two-day gathering was overshadowed by Xi’s earlier meeting with U.S. President Donald Trump, who left South Korea after announcing tariff...

Nvidia chief treats Seoul diners then pledges GPUs

 

Three billionaires—Nvidia's Jensen Huang, Samsung's Lee Jae-yong and Hyundai's Chung Eui-sun—stunned patrons at Seoul’s Kkanbu Chicken by paying for everyone’s meal, handing out snacks and toasting with beer and soju ahead of the APEC summit in Gyeongju. The next day, Huang met South Korea’s President Lee Jae Myung and said...