Former FBI Director James Comey pleaded not guilty on Wednesday morning to federal criminal charges that President Donald Trump had sought.Judge Michael Nachmanoff set Comey’s trial to begin on Jan. 5 in U.S. District Court in Alexandria, Virginia.Comey’s lawyer, Patrick Fitzgerald, and prosecutors said they expect that trial to last only two to three days.Fitzgerald told Nachmanoff that he will soon file legal papers requesting that the case be tossed on the grounds of vindictive and selective prosecution, according to NBC News.Comey is accused of making a false statement and obstruction of a congressional proceeding during testimony to a Senate…
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Political instability is now baked into France’s investment landscape following the shock resignation of Prime Minister Sebastien Lecornu — and that could push investors to shun the country’s domestic-focused corporates. Lecornu — who had been prime minister for just 27 days — quit on Monday just hours after naming his new government, following widespread criticism of his cabinet’s composition. France’s tricky fiscal situation makes it a standout challenge for investors looking for trading opportunities in Europe’s equity markets. “The one area with that I would probably avoid is domestic France,” said Nick Wylenzek, macro strategist at Wellington Management. “They are…
Lisa Su, CEO of AMD, left, and Jensen Huang, CEO of NvidiaBenoit Tessier | Ritzau Scanpix | Mads Claus Rasmussen | ReutersIn the 1990s, when Intel dominated the PC chip market, the semiconductor maker needed Advanced Micro Devices to exist as a viable No. 2 to help avoid being charged with monopolistic behavior. Almost three decades later, AMD may be serving a similar role for Nvidia, which controls over 90% of the market for graphics processing units used for artificial intelligence workloads. When AMD announced a deal on Monday that involves selling many billions of dollars worth of GPUs to OpenAI, it…
Tourists are seen at the promenade of the iconic Gateway of India next to digital displays of messaging app WhatsApp, in Mumbai on August 25, 2023. (Photo by INDRANIL MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images)Indranil Mukherjee | Afp | Getty ImagesThis report is from this week’s edition of CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.The big storyIndia’s quest for homegrown social media platforms and messaging apps has been as elusive as my friends on Arattai — the latest India-made “WhatsApp Killer,” depending on whom you…
Check out the companies making headlines before the bell: Trilogy Metals — U.S.-listed shares of the Canadian minerals explorer soared more than 222% after the White House said it would take a stake in the company . The Trump administration will invest $35.6 million in Trilogy as part of a new partnership, making the U.S. government a 10% shareholder. Aehr Test Systems — The stock plunged 20% after the semiconductor testing solutions firm reported a year-over-year drop in revenue and declined to issue guidance due to global trade tensions. Dollar Tree — Shares fell 4% after Jefferies downgraded the discount retailer’s…
A strong drug pipeline could boost shares of Ionis Pharmaceuticals in the future, JPMorgan says. Analyst Jessica Fye upgraded the biotech company, which develops human therapeutic drugs using antisense technology, to an overweight rating from neutral, and boosted her 12-month price target on the stock to $80 from $49. Shares of Ionis Pharmaceuticals have nearly tripled over just the past six months, soaring 170%. JPMorgan’s updated forecast is about 16% above where Ionis closed Tuesday. IONS YTD mountain IONS YTD chart As a catalyst, Fye touted several drugs that Ionis is currently developing. “Yes, IONS shares have enjoyed a strong…
OpenAI’s ChatGPT Go has expanded to a total of 18 countries across Asia, according to an announcement made yesterday.Nurphoto | Nurphoto | Getty ImagesOpenAI has expanded its lower-cost subscription plan, ChatGPT Go, to 16 more countries across Asia, company head Nick Turley announced Thursday.”Making ChatGPT more affordable has been a key ask from users,” said Turley in a post on social media platform X in August.The artificial intelligence company launched ChatGPT Go in India and Indonesia earlier this year.The rollout brings OpenAI’s cheapest plan to users across a total of 18 Asian countries: Afghanistan, Bangladesh, Bhutan, Brunei Darussalam, Cambodia, India,…
The Senate on Wednesday again rejected dueling Republican and Democratic funding proposals to end the government shutdown, which stretched into its eighth day with no hint of progress toward a resolution.In a 54-45 vote, the Senate did not advance a GOP-led stopgap bill that would have funded the government through late November. An alternative funding bill backed by Democrats also failed in a 47-52 vote around 12:50 p.m. ET.The same three senators from the Democratic caucus who have voted with Republicans on previous votes — John Fetterman of Pennsylvania, Nevada’s Catherine Cortez Masto, as well as Angus King of Maine,…
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), during a curtain raiser speech ahead of the International Monetary Fund (IMF) and World Bank Fall meetings at The Milken Institute in Washington, DC, US, on Wednesday, Oct. 8, 2025.Bloomberg | Bloomberg | Getty ImagesThe International Monetary Fund and Bank of England are the latest financial institutions to warn that global stock markets could be in trouble if investor appetite for artificial intelligence turns sour.Speaking on Wednesday as finance ministers and central banks prepare to meet in Washington for the fund’s annual meetings next week, IMF chief Kristalina Georgieva offered…
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…
