There are usually no international flights out of the airport in Mae Sot, a town on Thailand’s border with Myanmar. But in recent days, hundreds of people here boarded direct flights back home to China. They had been rescued from Myanmar, where they were ensnared in a 21st-century scourge — online scam mills that have used forced labor to bilk tens of billions of dollars out of victims worldwide.The chartered flights were part of a multinational effort that followed the trafficking last month of a Chinese actor to work in a fraud center, which scared off Chinese tourists from visiting…
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BEIJING, CHINA – MARCH 5: A Chinese policeman stands guard outside the Great Hall of the People before the opening ceremony of the National People’s Congress (NPC), or parliament, on March 5, 2005 in Beijing, China. Cancan Chu | Getty Images News | Getty ImagesChina is expected to acknowledge a significant softening in domestic demand next week, while revealing highly anticipated details on fiscal stimulus aimed at shoring up growth in the face of heightened U.S. trade tensions.The country’s annual parliamentary gathering, known as the “Two Sessions,” starts on Tuesday with the Chinese People’s Political Consultative Conference — a top advisory…
John Roberts, chief justice of the U.S. Supreme Court, during the 60th presidential inauguration on Jan. 20, 2025.Chip Somodevilla | Bloomberg | Getty ImagesU.S. Supreme Court Chief Justice John Roberts on Wednesday paused a federal judge’s order requiring President Donald Trump’s administration to pay foreign aid funds to contractors and grant recipients.Roberts issued an interim order placing on hold Washington-based U.S. District Judge Amir Ali’s action that had imposed a deadline of 11:59 p.m. on Wednesday night.Roberts provided no rationale for the order, known as an administrative stay, which will give the court additional time to consider the administration’s more formal request to block Ali’s ruling.Roberts asked for a response from the plaintiffs – organizations that contract with or receive grants…
Instagram has installed a new privacy setting which will default all new and existing underage accounts to an automatic private mode.Brandon Bell | Getty ImagesMeta apologized on Thursday for a mistake that resulted in some Instagram users reporting a flood of violent and graphic content recommended on their personal “Reels” page. “We are fixing an error that caused some users to see content in their Instagram Reels feed that should not have been recommended. We apologize for the mistake,” a Meta spokesperson said in a statement shared with CNBC. The apology comes after a number of Instagram users took to various social…
The authorities in the western Canadian province of Manitoba said on Wednesday that they had found what could be the remains of two Indigenous women murdered by a serial killer, a possible breakthrough in a case that has devastated local communities and brought to the fore the issue of violence against Indigenous women in Canada.During a search of the Prairie Green Landfill near Winnipeg, the capital of Manitoba, experts “identified potential human remains in the search material,” the provincial government said in a statement.The families of the two victims, Morgan Harris and Marcedes Myran, had been notified and visited the…
Nvidia on Wednesday evening delivered a better-than-expected fiscal 2025 fourth quarter driven by a $2 billion revenue beat on data center sales. Forward guidance also exceeded estimates. Despite the enormous anticipation of the results, shares dropped 1.5% in after-hours trading. But given the volatile nature of the stock, a bigger move — in either direction — could materialize come Thursday’s opening bell. Revenue grew 78% year over year to $39.33 billion, outpacing the $38.05 billion the Street was looking for, according to estimates compiled by data provider LSEG. Adjusted earnings per share increased to 89 cents, exceeding the consensus estimate…
The ‘Fast Money’ traders look at Nvidia earnings and guidance. Source link
Nvidia CEO Jensen Huang said next-generation AI will need 100 times more compute than older models as a result of new reasoning approaches that think “about how best to answer” questions step by step.”The amount of computation necessary to do that reasoning process is 100 times more than what we used to do,” Huang told CNBC’s Jon Fortt in an interview on Wednesday following the chipmaker’s fourth-quarter earnings report.He cited models including DeepSeek’s R1, OpenAI’s GPT-4 and xAI’s Grok 3 as models that use a reasoning process.Nvidia reported results that topped analysts’ estimates across the board, with revenue jumping 78%…
U.S. President Donald Trump talks to reporters from the Resolute Desk after signing an executive order to appoint the deputy administrator of the Federal Aviation Administration in the Oval Office at the White House on January 30, 2025 in Washington, DC.Chip Somodevilla | Getty Images News | Getty ImagesPresident Donald Trump’s administration asked the U.S. Supreme Court on Wednesday to put on hold a federal judge’s order requiring the government to pay foreign aid funds to contractors and grant recipients for past work.The administration filed a request urging the justices to halt Washington-based U.S. District Judge Amir Ali’s order, arguing that it amounted to judicial overreach. Ali’s order gave the administration…
Seven & i private branded cooked meals at a 7-Eleven convenience store, operated by Seven & i Holdings Co., in Tokyo, Japan, on Thursday, Jan. 18, 2024.Bloomberg | Bloomberg | Getty ImagesShares of Japan’s Seven & i Holdings plunged as much as 12.44% Thursday after the company said the founding family had failed to secure the financing needed to buyout the convenience store operator.This translates to a loss in market cap of about over $5 billion.Earlier on Thursday, Yomuiri newspaper reported that Seven & i had abandoned the management buyout plan, stated to be worth over 8 trillion yen ($53.69…
