Pavlo Gonchar | Lightrocket | Getty ImagesSunnova Energy said on Sunday it had filed for Chapter 11 bankruptcy protection in the United States, as the residential solar panel installer buckled under the pressure of mounting debt and weakening demand.Shares were down 36.4% at 14 cents in premarket trading.Sunnova filed for protection in the Bankruptcy Court for the Southern District of Texas after warning in March that it might not be able to continue as a going concern.The company listed its estimated assets and liabilities in the range of $10 billion to $50 billion and has a total debt of $10.67…
Author: usaeverydaylife
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025.I-hwa Cheng | Afp | Getty ImagesLONDON — Nvidia CEO Jensen Huang poured praise on the U.K. on Monday, promising to boost investment in the country’s artificial intelligence sector with his multitrillion-dollar semiconductor company.”The U.K. is in a Goldilocks circumstance,” Huang said, speaking on a panel with British Prime Minister Keir Starmer and Investment Minister Poppy Gustafsson.”The U.K. is in a Goldilocks circumstance,” Huang said, speaking on a panel with British Prime Minister Keir Starmer and Investment Minister Poppy Gustafsson. “You can’t…
Nvidia CEO Jensen Huang says artificial intelligence is the “great equalizer” because it lets anyone program using everyday language.Speaking at London Tech Week on Monday, Huang said that, historically, computing was hard and not available to everyone. “We had to learn programming languages. We had to architect it. We had to design these computers that are very complicated,” he said on stage alongside U.K. Prime Minister Kier Starmer.”Now, all of a sudden … there’s a new programming language. This new programming language is called ‘human.'”Conversational AI models were thrown into the spotlight in 2022 when OpenAI’s ChatGPT exploded onto the…
The Walt Disney Company and Universal, two of the biggest names in theme parks, are both undertaking historic expansions to their experiences businesses.Universal Orlando Resort in May opened the gates to Epic Universe, its fourth theme park at its flagship resort. Epic cost an estimated $7 billion to build, according to numbers provided by the University of Central Florida. Brian Roberts, Chairman and CEO of Universal parent company Comcast, called it the “single-largest investment Comcast NBCUniversal has made in its theme park business”.”It’s so different than anything else that we’ve ever built, but certainly I think it’s different than anything…
The decision by U.K. fintech firm Wise to move its primary stock listing to the U.S. is the latest in a series of blows to the London market — and a new provision tucked inside a U.S. tax bill could make things even worse. Section 899 of President Donald Trump’s spending bill, which passed the House of Representatives in May, threatens to penalize foreign-owned firms domiciled in countries with “unfair foreign taxes,” and experts say it could accelerate the trend for European companies to hop the pond. The provision introduces retaliatory tax measures against corporations and other entities from countries…
Workers assemble cars on the assembly line at the Volkswagen automobile factory on March 07, 2025 in Wolfsburg, Germany.Sean Gallup | Getty Images News | Getty ImagesChina appears to have offered U.S. and European auto giants something of a reprieve after industry groups warned of increasing production threats over a rare earth shortage.China’s Ministry of Commerce on Saturday said it was willing to establish a so-called “green channel” for eligible export license applications to expedite the approval process to European Union firms. A Ministry of Commerce spokesperson said Wang expressed hope that the EU would take “reciprocal steps” and adopt…
TangMan Photography | Getty ImagesU.S. President Donald Trump’s top trade officials are meeting their Chinese counterparts in London on Monday for talks aimed at resolving an ongoing trade dispute between the world’s two largest economies.U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are representing the U.S.China’s foreign ministry said on Saturday that Vice Premier He Lifeng, Beijing’s lead trade negotiator, will be in the U.K. between June 8-13, and that a meeting of the “China-U.S. economic and trade consultation mechanism” would take place.The talks come after Trump last week said that he had held…
Jakub Porzycki | Nurphoto | Getty ImagesLONDON — Britain’s financial services watchdog on Monday announced a new tie-up with U.S. chipmaker Nvidia to let banks safely experiment with artificial intelligence.The Financial Conduct Authority said it will launch a so-called Supercharged Sandbox that will “give firms access to better data, technical expertise and regulatory support to speed up innovation.”Starting from October, financial services institutions in the U.K. will be allowed to experiment with AI using Nvidia’s accelerated computing and AI Enterprise Software products, the watchdog said in a press release.The initiative is designed for firms in the “discovery and experiment phase”…
Here are the opening callsLONDON, ENGLAND – MARCH 24: A red London double decker bus and a UPS delivery van pass across Waterloo Bridge in front of St. Paul’s Cathedral on March 24, 2025 in London, United Kingdom. (Photo by John Keeble/Getty Images)John Keeble | Getty Images News | Getty ImagesGood morning from London! This is CNBC’s live blog covering all the action in European financial markets as the new trading week begins.Futures data from IG suggests London’s FTSE will open 7 points higher at 8,836, Germany’s DAX up 3 points at 24,296, France’s CAC 40 up 5 points at 7,801 and Italy’s FTSE MIB 13 points…
The JISU FORTUNE ship carries over 5,000 vehicles at Taicang Port and makes its maiden voyage to European countries such as the Netherlands and Belgium in Suzhou City, Jiangsu Province, China, on May 22, 2025. Costfoto | Nurphoto | Getty ImagesChina’s exports growth missed expectations in May, despite a temporary trade truce with the U.S. that prompted businesses to frontload shipments and capitalize on the 90-day pause on steep duties.Exports rose 4.8% last month in U.S. dollar terms from a year earlier, customs data showed Monday, shy of Reuters’ poll estimates of a 5% jump.Imports plunged 3.4% in May from…
