SpaceX to invest $74B into data center construction projects in Texas, Arizona

The Hill - Nov 12, 2026

Elon Musk’s SpaceX plans to invest more than $74 billion into building two data centers in Texas and Arizona, the company announced Thursday, marketing them as projects that will boost local communities amid backlash surrounding such facilities. “These investments will expand local tax bases, generate substantial new revenue for schools and public services, and create...

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Junk bond ratings on troubled LAX people mover drop again as key deadline nears

Nov 12, 2026

Junk bond ratings on troubled LAX people mover drop again as key deadline nears

Fitch Ratings significantly downgraded the LINXS Skylink people mover project at LAX as it continues to face setbacks while approaching a key deadline.

Lawmakers want answers after Nvidia's Huang steps down

Nov 12, 2026

Lawmakers want answers after Nvidia's Huang steps down

Nvidia's Jensen Huang resigned Thursday as CEO amid an explosive spy scandal, but Washington isn't letting him off the hook.  Lawmakers on both sides of the aisle said they still want to hear from the ex-Nvidia chief amid national security concerns about his involvement with a woman who U.S. officials concluded was passing information to China. "Jensen...

Live updates: Huang exits Nvidia; Democrat locks down Kansas governor's mansion

Nov 12, 2026

Live updates: Huang exits Nvidia; Democrat locks down Kansas governor's mansion

Nvidia CEO Jensen Huang resigned Thursday from the company he co-founded after revelations of extramarital affairs, including one with a woman alleged to be a spy for China. Kansas state Sen. Cindy Holscher was projected to win the governor's mansion Thursday, more than a week after Election Day. Holscher defeated Republican Kansas Senate President Ty...

Jim Banks calls for Lutnick to testify on Nvidia CEO controversy, alleging 'loophole' use

Nov 12, 2026

Jim Banks calls for Lutnick to testify on Nvidia CEO controversy, alleging 'loophole' use

Sen. Jim Banks (R-Ind.) called on Commerce Secretary Howard Lutnick to testify regarding his involvement with former Nvidia CEO Jensen Huang’s relationship with an alleged Chinese spy, accusing Lutnick of using a “loophole.” “This news is as concerning as it gets,” Banks said Thursday during an appearance on Fox News. “When you're in a war...

Heritage Foundation head: GOP made midterm 'mistake' on data centers

Nov 12, 2026

Heritage Foundation head: GOP made midterm 'mistake' on data centers

The president of the Heritage Foundation, Kevin Roberts, said this week that the Republican Party erred in its stance toward data centers in the midterm elections. “Conservatives were apoplectic about data centers,” Roberts told Financial Times in an interview published Thursday.  The conservative think tank leader told the outlet that Democrats “did a brilliant job,...

Who is interim Nvidia CEO Colette Kress?

Nov 12, 2026

Who is interim Nvidia CEO Colette Kress?

Colette Kress is taking on the role after the resignation of CEO Jensen Huang.

House Republican says Huang has agreed to appear before lawmakers

Nov 12, 2026

House Republican says Huang has agreed to appear before lawmakers

Jensen Huang, the tech executive at the center of an alleged Chinese corporate espionage scandal, has agreed to appear before Congress in a closed-door briefing focused on threats to U.S. national security, a top Republican told The Hill on Thursday. Rep. Brian Mast (R-Fla.), the chair of the House Foreign Affairs Committee, said lawmakers are...

Warren says Huang's resignation 'does not absolve him,' Nvidia

Nov 12, 2026

Warren says Huang's resignation 'does not absolve him,' Nvidia

Sen. Elizabeth Warren (D-Mass.) said Thursday that Nvidia CEO Jensen Huang’s resignation amid mounting controversy regarding his extramarital affairs, including one with an alleged Chinese spy, “does not absolve him” or the company. “Jensen Huang’s decision to resign from NVIDIA does not absolve him, other executives, or the company as a whole of responsibility for...

8 dead in New York City building collapse, more than a dozen injured

Nov 12, 2026

8 dead in New York City building collapse, more than a dozen injured

The three-storey building on a major road in Brooklyn, New York gave way while construction workers were digging on a neighbouring plot of land.

Trump calls for Tim Cook to replace Jensen Huang at Nvidia

Nov 12, 2026

Trump calls for Tim Cook to replace Jensen Huang at Nvidia

President Trump suggested Thursday that former Apple CEO Tim Cook should be the one to take Nvidia CEO Jensen Huang’s place after his exit following reports of his extramarital affairs, one of which was with an alleged Chinese spy. “NOW THAT Nvidia CEO JENSEN HUANG, who has done a fantastic job, has resigned, there is...

Meghan Markle’s father ordered to jail after he cut off his ankle monitor

Nov 12, 2026

Meghan Markle’s father ordered to jail after he cut off his ankle monitor

Authorities have not said where Thomas Markle Sr. will be held while his case remains in court ahead of a likely transfer to California.

Nvidia stock falls nearly 15 percent after Huang resigns

Nov 12, 2026

Nvidia stock falls nearly 15 percent after Huang resigns

Nvidia stock took a sharp dive on Thursday, after longtime CEO Jensen Huang resigned amid reports he engaged in two extramarital affairs. The chipmaker’s stock fell to $148.80 per share after the opening bell, down 14.4 percent from closing on Wednesday. Nvidia stock later rebounded slightly, topping $162 per share, but it was down about...

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