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GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Stock Price Down 2.4% – Here’s What HappenedUS budget airlines are struggling. Will pursuing premium passengers solve their problems? DALLAS (AP) — Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel industry experts think Spirit’s troubles indicate less-wealthy passengers will have fewer choices and higher prices. Other discount airlines are on better financial footing but also are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there's still plenty of competition to prevent prices from spiking. Bitcoin ticks closer to $100,000 in extended surge following US elections NEW YORK (AP) — Bitcoin is jumping again, setting another new high above $99,000 overnight. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Australia rejects Elon Musk's claim that it plans to control access to the internet MELBOURNE, Australia (AP) — An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media. Treasurer Jim Chalmers said on Friday that Musk’s criticism was “unsurprising” after the government introduced legislation to Parliament that would fine platforms including X up to $133 million for allowing children under 16 to hold social media accounts. The spat continues months of open hostility between the Australian government and the tech billionaire over regulators’ efforts to reduce public harm from social media. Parliament could pass the legislation as soon as next week. Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California. The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. The U.S. Department of Justice announced the indictment on Thursday. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. An arraignment date has not been set. A spokesperson for the company said it was cooperating with prosecutors. US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Regulators also want to ban Google from forging multibillion-dollar deals to lock in its dominant search engine as the default option on Apple’s iPhone and other devices. What you need to know about the proposed measures designed to curb Google's search monopoly U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly. The sweeping set of recommendations filed late Wednesday could radically alter Google’s business. Regulators want Google to sell off its industry-leading Chrome web browser. They outlined a range of behavioral measures such as prohibiting Google from using search results to favor its own services such as YouTube, and forcing it to license search index data to its rivals. They're not going as far as to demand Google spin off Android, but are leaving that door open if the remedies don't work. Stock market today: Wall Street gains ground as it heads for a winning week NEW YORK (AP) — Stocks gained ground on Wall Street, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.4% in afternoon trading Friday. The Dow Jones Industrial Average climbed 351 points and the Nasdaq composite rose 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts' estimates. EchoStar fell after DirecTV called of its purchase of that company's Dish Network unit. European markets were mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. Apple and Google face UK investigation into mobile browser dominance LONDON (AP) — A British watchdog says Apple and Google aren't giving consumers a genuine choice of mobile web browsers. The watchdog's report Friday recommends they face an investigation under new U.K. digital rules taking effect next year. The Competition and Markets Authority took aim at Apple, saying the iPhone maker’s tactics hold back innovation by stopping rivals from giving users new features like faster webpage loading. The CMA’s report also found that Apple and Google manipulate the choices given to mobile phone users to make their own browsers “the clearest or easiest option.” Apple said it disagreed with the findings. German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers' woes FRANKFURT, Germany (AP) — Germany's technology and services company Bosch is cutting its automotive division workforce by as many as 5,500 jobs in the next several years, in another sign of the headwinds hitting the German and global auto industries. The company cited stagnating global auto sales, too much factory capacity in the auto industry compared to sales prospects and a slower than expected transition to electric-powered, software-controlled vehicles. Some 3,500 of the job reductions would come before the end of 2027 and would hit the part of the company that develops driver assistance and automated driving technologies. About half those job reductions would be at locations in Germany. At least 15 people are sick in Minnesota from ground beef tied to E. coli recall U.S. health officials say at least 15 people in Minnesota have been sickened by E. coli poisoning tied to a national recall of more than 160,000 pounds of potentially tainted ground beef. Detroit-based Wolverine Packing Co. recalled the meat this week after Minnesota state agriculture officials reported multiple illnesses and found that a sample of the product tested positive for E. coli O157:H7, which can cause life-threatening infections. Symptoms of E. coli poisoning include fever, vomiting, diarrhea and signs of dehydration.
The Indian diaspora has strongly condemned the recent wave of racist attacks against Sriram Krishnan, an accomplished technologist and entrepreneur who was recently appointed as Senior Policy Advisor for Artificial Intelligence by US President-elect Donald Trump. The backlash against Krishnan’s Indian origin has sparked widespread criticism, with influential voices rallying in his support. Diaspora’s Strong Response in Support of Sriram Krishnan In a media advisory, the Indian diaspora issued a firm denunciation of the racist remarks targeting Krishnan. The statement read: “Sriram Krishnan, who was recently appointed by President-elect Trump as his Senior AI Advisor, has become a target of reprehensible racist attacks. There is absolutely no place in our public discourse for spiteful, vengeful, racially motivated, ad hominem epithets.” The advisory also expressed unwavering support for Krishnan’s appointment, highlighting confidence in his ability to contribute significantly to American policy-making. “At Indiaspora, we categorically and unequivocally denounce racism of any and all kinds. As enunciated in our media statement issued a few days ago, we strongly support Sriram’s appointment to this important position because we are confident that he will serve America very well in public office,” it added. Support from Congressman Ro Khanna Indian-American Congressman Ro Khanna also stepped forward to defend Krishnan. Addressing criticisms about Krishnan’s Indian origin, Khanna underscored the importance of America’s openness to global talent, which he described as a hallmark of the nation’s exceptionalism. In response to a social media post questioning Krishnan’s qualifications and background, Khanna wrote on X (formerly Twitter): “You fools criticizing @sriramk as Indian born criticize Musk as South African born or Jensen as Taiwanese born.” Khanna further emphasized: “It is great that talent around the world wants to come here, not to China, and that Sriram can rise to the highest levels. It’s called American exceptionalism.” Trump’s Announcement and Sriram Krishnan’s Reaction President-elect Donald Trump officially announced Krishnan’s appointment on the Truth Social platform, stating: “Sriram Krishnan will serve as Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy.” Trump highlighted Krishnan’s role in shaping and coordinating AI policy across the government. He noted Krishnan’s extensive experience, including his contributions to Microsoft as a founding member of Windows Azure. Trump added: “Working closely with David Sacks, Sriram will focus on ensuring continued American leadership in AI and help shape and coordinate AI policy across Government, including working with the President’s Council of Advisors on Science and Technology.” Acknowledging his new role, Krishnan expressed gratitude: “I’m honoured to be able to serve our country and ensure continued American leadership in AI working closely with @DavidSacks. Thank you @realDonaldTrump for this opportunity.” Krishnan’s Accomplished Background At 41, Sriram Krishnan brings an impressive portfolio to his new position. Until recently, he was a general partner at Andreessen Horowitz and has been a personal investor in over two dozen companies, including SpaceX, Figma, and Scale.ai. His professional journey includes leadership roles at Meta, X (formerly Twitter), and Microsoft. Krishnan holds a Bachelor of Technology in Information Technology from SRM Engineering College, Anna University. His significant contributions to the tech industry have earned him recognition as a forward-thinking leader in artificial intelligence and digital innovation. Read More : VIDEO: Israel Deploys US THAAD System To Intercept Missile from Yemen, American Soldier Says, ‘Waiting For 18 YearsBest NFL DFS sleepers and expert value picks for Week 14 of the 2024 season for DraftKings, FanDuel, SuperDraft | Sporting News
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