US Senate panel seeks testimony from Jensen Huang, Commerce Secretary Lutnick over China spy concerns

Economic Times - Nov 13, 2026

US Senate Banking Committee Chairman Tim Scott has asked former Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick to testify over national security concerns, alleged Chinese espionage and oversight of chip exports to China. Scott warned he could subpoena Huang, as lawmakers intensify scrutiny of Nvidia and the Commerce Department.

Read full article
More News
Angelina Jolie sold her Los Angeles mansion for $24.75 million; it was once home to Hollywood legend Cecil B. DeMille; where is she moving now?
Nov 12, 2026
Angelina Jolie sold her Los Angeles mansion for $24.75 million; it was once home to Hollywood legend Cecil B. DeMille; where is she moving now?

The property was a historic 11,000-square-foot estate. It once belonged to legendary filmmaker Cecil B. DeMille. It was built in 1913. The property sits on nearly two acres. It had six bedrooms, 10 bathrooms. It also offered views of the Hollywood Hills and the Griffith Observatory. It also had multiple living spaces, a library, a wine cellar, a fitness studio, and a farmhouse-style kitchen.

US invests in Peru’s Callao as port battle with China’s Chancay megaport continues
Nov 12, 2026
US invests in Peru’s Callao as port battle with China’s Chancay megaport continues

The United States has paid to design a port infrastructure programme at Callao, the US State Department said on Thursday, as Peru moves its main naval base to expand the country’s busiest port, which rivals a Chinese-controlled megaport less than 80km up the coast at Chancay. The US$4.5 million payment was disclosed in a note on a trip to Peru and Colombia earlier this month by Thomas DiNanno, State Department undersecretary for arms control and international security, whose remit includes...

US stocks: Retail buyers limit Nvidia stock rout
Nov 12, 2026
US stocks: Retail buyers limit Nvidia stock rout

Retail investors poured a record $111 million into Nvidia shares during Thursday’s first half-hour of trading, helping the stock trim an opening loss of as much as 14% to about 5%. The dip-buying suggests confidence in the AI trade remains resilient despite CEO Jensen Huang’s departure and Nvidia’s loss of more than $1 trillion in market value over five weeks.

SpaceX and Tesla merger: Could a $10,000 investment grow to $20,000 by 2030 or are investors paying too much?
Nov 12, 2026
SpaceX and Tesla merger: Could a $10,000 investment grow to $20,000 by 2030 or are investors paying too much?

A potential SpaceX-Tesla merger could combine satellite internet, electric vehicles and AI under one company. SpaceX brings 161% quarterly revenue growth, while Tesla contributes more than $100 billion in annual sales. But both stocks carry high valuations. For investors considering $10,000, the biggest question is whether future growth can justify today's expensive share prices.

Jensen Huang affair scandal deepens after CEO resignation: Report reveals relationship with second Nvidia employee following Kimberly Powell allegations
Nov 12, 2026
Jensen Huang affair scandal deepens after CEO resignation: Report reveals relationship with second Nvidia employee following Kimberly Powell allegations

Jensen Huang third affair: Jensen Huang's relationship with a second Nvidia employee has added to the controversy surrounding his sudden departure as CEO. The disclosure follows earlier reports involving healthcare executive Kimberly Powell and Chinese businesswoman Alice Huang, whose alleged links to Chinese intelligence also prompted scrutiny of the Nvidia chief.

White House discussing Howard Lutnick’s future as commerce secretary, sources say
Nov 12, 2026
White House discussing Howard Lutnick’s future as commerce secretary, sources say

Senior White House officials are discussing whether Commerce Secretary Howard Lutnick should be pushed out amid a spy scandal surrounding Nvidia’s now-former CEO Jensen Huang, two people familiar with the situation said on Thursday. A growing number of lawmakers criticised Lutnick for the administration’s refusal to add dozens of Chinese companies to a key US trade blacklist, and over whether the government was properly overseeing Nvidia’s exports to China. Criticism ‌of Lutnick’s actions...

US Fed sets new meeting schedule for 2027, as foretold by Chairman Kevin Warsh
Nov 12, 2026
US Fed sets new meeting schedule for 2027, as foretold by Chairman Kevin Warsh

The Federal Reserve will hold seven rate-setting meetings in 2027 instead of the customary eight, while dedicating its October gathering to broader monetary-policy strategy. The revised schedule also moves the year’s final policy meeting to November and removes designations for quarterly economic projections as Chair Kevin Warsh reviews the Fed’s communication practices.

Tornado watch issued for Lehigh Valley; damaging winds, hail and isolated tornado possible as storms approach; what have forecasters warned?
Nov 12, 2026
Tornado watch issued for Lehigh Valley; damaging winds, hail and isolated tornado possible as storms approach; what have forecasters warned?

According to local media reports, the southern half of the region is at a slight risk of severe weather. Meanwhile the northern half is at a marginal risk. The update was issued by the National Weather Service in Mount Holly, New Jersey. The forecasters stated that through the afternoon, isolated tornado, damaging winds, and hail were possible. Notably, the Lehigh Valley, Berks County, and Bucks County were placed under a tornado watch until 7pm Thursday.

Microsoft Outlook down? Downdetector shows over 129,000 error reports as Outlook, Teams and Copilot services face disruptions. Here's how to fix issues
Nov 12, 2026
Microsoft Outlook down? Downdetector shows over 129,000 error reports as Outlook, Teams and Copilot services face disruptions. Here's how to fix issues

Is Microsoft Outlook down today? Microsoft Outlook users are reporting issues as they are unable to access their email accounts. Over 129,000 users have reported issues with the service. Microsoft have confirmed they are looking into issues with Exchange Online mailboxes in the Americas. They have also warned that Microsoft 365 may be impacted globally. Their status checker is also having issues.

Social Security cuts could hit these 15 states hardest: How much could retirees in Connecticut, New Jersey, New Hampshire and other states lose each month?
Nov 12, 2026
Social Security cuts could hit these 15 states hardest: How much could retirees in Connecticut, New Jersey, New Hampshire and other states lose each month?

Social Security cuts: Social Security retirees in 15 states could face monthly benefit cuts exceeding $515, with Connecticut recording the highest estimated loss at $556. The projections come as the retirement trust fund faces depletion in 2032, raising concerns about how much beneficiaries could receive if lawmakers fail to address the funding shortfall.

Delhivery eyes 20,000 intracity vehicles in five years
Nov 12, 2026
Delhivery eyes 20,000 intracity vehicles in five years

Delhivery plans to expand its intracity fleet to nearly 20,000 vehicles over the next four to five years, while making EVs the only option for new additions. The company plans to invest ₹80-100 crore in charging and parking infrastructure and fleet-partner support, as it seeks to lower fuel costs and offset rising labour and operating expenses.

Berkshire Hathaway stock beats the S&P 500 by 19.2 points despite Wall Street volatility: How Warren Buffett’s company staged its biggest monthly comeback since 2010
Nov 12, 2026
Berkshire Hathaway stock beats the S&P 500 by 19.2 points despite Wall Street volatility: How Warren Buffett’s company staged its biggest monthly comeback since 2010

Berkshire Hathaway stock is beating the S&P 500 despite current US stock market volatility. Warren Buffett’s company surged 13.2% to a record high, widened its monthly lead to 19.2 percentage points and reversed May’s market underperformance without Buffett as CEO.

Recommended
Copyright © 2015 - 2026 The Financial Capital.

All Rights Reserved.

Subscribe Now!

About Us

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.