Nvidia’s CEO Jensen Huang announced he won’t attend Trump’s inauguration, opting to celebrate Lunar New Year with employees instead Nvidia CEO Jensen Huang Will Skip Trump’s Inauguration for Lunar New Year Taipei: So, Jensen Huang, the big boss at Nvidia, just said he won’t be at Trump’s inauguration. Instead, he’s hitting the road to celebrate…
The FDIC is suing former Silicon Valley Bank leaders for negligence linked to the bank’s collapse, aiming to recover billions lost. FDIC Sues 17 Former Executives of Silicon Valley Bank Over Collapse San Francisco: So, the FDIC has decided to take action against 17 former bigwigs from Silicon Valley Bank. They’re looking to get back…
A new report reveals that homeowners in high-risk areas struggle to find affordable insurance Insurance Access for US Homeowners Facing Climate Risks Declines Los Angeles: A recent report from the Treasury Department highlights a troubling trend. Homeowners in areas facing high climate risks are finding it harder to get insurance. The report shows that non-renewal…
Moody’s Ratings highlights potential credit risks for Southern California Edison due to the Eaton Fire in Los Angeles County Moody’s Warns LA Fire Could Impact Southern California Edison’s Credit Los Angeles: The Eaton Fire in central LA County is raising some eyebrows. Moody’s Ratings just reported that it might be a credit risk for Southern…
Recent fires in Los Angeles have shaken the bond market, raising concerns about utility preparedness and climate risks. LA Fires Challenge Bond Market’s Resilience Against Disasters Los Angeles: Last week, wildfires wreaked havoc, destroying thousands of homes. This disaster has put the bond market to the test, challenging the idea that bonds remain stable during…
Private equity firms are facing challenges as their strategies show signs of weakness in a tough market. Private Equity Struggles with Distress in Long-Held Assets Amid Market Changes Los Angeles: So, it looks like private equity firms are hitting some bumps in the road. They’ve been trying to shuffle assets around to buy more time…
Meteorologists warn of fierce winds in LA, raising questions about climate change’s impact on fire risks Los Angeles Faces Climate Challenge Amidst Devastating Fire Winds Los Angeles: Just days before hurricane-force Santa Ana winds whipped through the city, meteorologists had warned that such conditions could lead to disaster. But figuring out how climate change fits…
The U.S. Energy Department announces $22.92 billion in loans for energy utilities, aiming to enhance infrastructure and reduce emissions. US Unveils Nearly $23 Billion in Loans for Energy Utilities Across 12 States Washington: The U.S. Energy Department just dropped some big news. They’re offering $22.92 billion in loans to energy utilities across twelve states. This…
A group of investors plans to create a global basketball league to rival the NBA, seeking $5 billion in funding. Investors Aim to Raise $5 Billion for New Basketball League to Compete with NBA Los Angeles: So, there’s this group of investors, right? They’re being guided by Maverick Carter, who’s LeBron James’ business partner. They’re…
Taiwan’s TSMC leads record investments in the US and Japan, while China sees stagnation in foreign investments TSMC Boosts Record Investments in US and Japan Amid China Decoupling Taipei: Taiwan’s companies are really stepping up their game. Last year, they poured a record $14.1 billion into the US and Japan, while investments in China barely…
