Nvidia CEO Jensen Huang said Wednesday that his family’s immigration to the U.S. “would not have been possible” with the Trump administration’s current policy.President Donald Trump announced in September that employers would have to pay a $100,000 fee for each H-1B visa, a temporary worker visa granted to foreign professionals with specialized skills.Huang, who was born in Taiwan and later moved Thailand, immigrated to the U.S. at nine years old with his brother. His parents joined them around two years later.”I don’t think that my family would have been able to afford the $100,000 and and so the opportunity for…
Author: usaeverydaylife
Gold has scaled a new peak, smashing past $4,000 an ounce, a milestone that’s set Wall Street abuzz. As the metal hits new highs, veteran hedge fund manager Ray Dalio has urged investors to allocate as much as 15% of their portfolio to gold, as debt levels, inflation and government spending erode confidence in paper assets and fiat currencies. Industry experts say there is still room for gold to to run. “We are now aiming for $5,000 in 2026. If it continues on its current path, it could reach $10,000 before the end of the decade,” Ed Yardeni, president of…
Bridgewater Associates’ Ray Dalio on stage at CNBC’s CONVERGE LIVE in March.Courtesy of CNBCBridgewater Associates founder Ray Dalio said investors should allocate as much as 15% of their portfolios to gold even as the precious metal surged to an all-time high above $4,000 an ounce.”Gold is a very excellent diversifier in the portfolio,” Dalio said Tuesday at the Greenwich Economic Forum in Greenwich, Connecticut. “If you look at it just from a strategic asset allocation perspective, you would probably have something like 15% of your portfolio in gold … because it is one asset that does very well when the…
Small caps may have climbed to all-time highs, but investors shouldn’t expect a repeat performance, according to Trivector Research. The Russell 2000 has rallied to all-time highs after clearing its prior record going all the way back to November 2021. It topped 2,500 for the first time this week, and it’s up more than 10% this year. Yet, Trivector founder Adam Parker said small caps are unlikely to exhibit the same show of force in the fourth quarter, given some of the group’s characteristics. “We consider small caps a structurally inferior asset class,” Parker wrote. Here are some of the…
In a interview Wednesday with CNBC’s Jim Cramer, CoreWeave CEO Michael Intrator brushed off concerns that the company’s deals with other artificial intelligence giants are circular investments, saying such a narrative is “fundamentally flawed.””The reality of the situation is, really large, really important technology companies across the space are buying infrastructure to deliver it to their clients — Meta, Microsoft, you know, Amazon, Google,” Intrator said. “I mean, the largest tech companies in the world are purchasing this infrastructure because they have demand. There’s nothing circular about that.”CoreWeave, which sells cloud infrastructure for AI, went public in March. It was…
People exit the the U.S. Internal Revenue Service (IRS) building in Washington, D.C., on Feb. 20, 2025.Kent Nishimura | ReutersThe IRS on Wednesday said that it was furloughing nearly half of its workforce due to the ongoing government shutdown.About 34,000 IRS workers are being furloughed, according to the tax agency. Another 39,870 employees, representing 53.6% of the workforce, will remain on the job.The furloughs came as the shutdown of federal government operations was in its eighth day, and as dueling funding resolutions that would end the crisis for the sixth time failed to pass in votes by the Senate.”Due to…
The Qualcomm Incorporated logo is being displayed at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. Joan Cros | Nurphoto | Getty ImagesQualcomm wants to get closer to robot makers.The company said Tuesday that it’s acquiring Arduino, an electronics maker whose inexpensive programmable circuit boards and computers are common in hardware startups and robotics labs for prototyping.Qualcomm didn’t announce a price for the transaction, but said the Italy-based company would become an independent subsidiary.The deal gives Qualcomm direct access to the tinkerers, hobbyists and companies at the lowest levels of the robotics industry. Arduino…
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty ImagesGoogle is continuing to put restrictions on remote work, this time with a popular policy called “Work from Anywhere” that was established during the Covid pandemic.The policy has allowed employees to work from a location outside of their main office for up to four weeks per calendar year. According to internal documents viewed by CNBC, working remotely for even a single day will now count for a full week.”Whether you…
Traders work, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 17, 2025.Brendan McDermid | Reuters Investors barely flinched Wednesday, despite the release of the Fed minutes and the ongoing U.S. government shutdown.Discussions on rate cuts and shutdowns seemed to be mere background noise compared to the real force moving markets now, namely, artificial intelligence.AI stocks such as Nvidia are now masters of the market narrative, driving record highs across the S&P 500 and…
Check out the companies making headlines in midday trading: Oracle — The software giant fell more than 5%, leading a reversal in tech stocks, after The Information reported its margins on its cloud business are weaker than analysts currently estimate and that it is losing money on some of its Nvidia chip deals. Figma — The design software vendor jumped about 7%, adding to its 7% gain in the prior session . On Monday, OpenAI CEO Sam Altman introduced Figma’s integration into ChatGPT, which will allow ChatGPT users to have Figma run tasks from within their conversations. Dell Technologies —…
