BEIJING (AP) — Nvidia CEO Jensen Huang says export controls on advanced chips require companies to adapt. Speaking in Beijing on Wednesday, he addressed the recent lifting of a U.S. ban on Nvidia’s H20 chip sales to China. Huang downplays his influence on the decision, stating it was up to the U.S. and Chinese governments.…… MORE
WILMINGTON, Del. (AP) — An $8 billion-dollar class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders begins, with claims stemming from the privacy scandal involving the Cambridge Analytica political consulting firm. The fallout from that case led to Facebook agreeing to pay a $5.1 billion penalty to settle FTC charges. Now shareholders…… MORE
WASHINGTON (AP) — American companies in China are reporting record-low investment plans and declining confidence in profits this year. A survey by the U.S.-China Business Council, released Wednesday, highlights concerns over U.S.-China relations, tariffs, and export controls. Conducted between March and May, it shows over half of surveyed companies have no new investment plans in…… MORE
(WBAP/KLIF) — An execution date has been set for Texas death row inmate Robert Roberson, who has long maintained his innocence for the death of his 2-year-daughter. District Court Judge Austin Reeve Jackson ruled there’s no legal basis to postpone an execution date for the convicted shaken baby syndrome murderer. Jackson set an execution date…… MORE
(WBAP/KLIF) – A federal judge in Texas annulled a move by the Consumer Financial Protection Bureau that would have removed medical debt. The judge found that the rule put in place by the Biden administration exceeded the Bureau’s authority under the Fair Credit Reporting Act. The rule would have removed nearly $50 billion dollars in…… MORE