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BREAKING: Nvidia CEO Jensen Huang admits to cheating on his wife with a woman suspected of spying for China, as the chip giant launches an independent investigation into whether he was targeted by a foreign intelligence operation.
"I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did," Huang tells employees in an apology.
Huang was reportedly in an intimate relationship with Megaspeed executive Alice Huang, whom U.S. intelligence identified as a Chinese intelligence asset. The Nvidia CEO has lobbied the Trump administration to ease restrictions on chip sales to China.
Nvidia says it has no reason to believe company secrets or national security were compromised, but its board is examining the allegations.
Now, a reported intelligence warning about the woman is drawing fresh scrutiny. See what investigators are looking into: foxbusiness.com/politics/nvi…
Nvidia CEO Jensen Huang is facing questions from three House Republican committee chairmen over reported ties to a suspected Chinese intelligence asset.
The lawmakers want to know what the tech boss knew about Alice Huang, a Chinese citizen and Megaspeed executive accused in reporting of gathering intelligence for Beijing.
They're also demanding answers about Nvidia's security protocols and whether sensitive American technology or information was put at risk.
Jensen Huang has been invited to a joint congressional briefing November 18, one day after Nvidia's scheduled earnings report.
See what Congress is demanding from one of America's most influential tech executives: foxbusiness.com/politics/hou…
Millions of ladders recalled nationwide after numerous reports of head injuries, skull fractures foxbusiness.com/retail/milli…
IRS announces 2027 tax changes: What taxpayers need to know foxbusiness.com/economy/irs-…
NASA unveils $10B Moon base contract as SpaceX, Blue Origin join lunar gold rush foxbusiness.com/fox-news-air…
Millions of ladders recalled nationwide after numerous reports of head injuries, skull fractures foxbusiness.com/retail/milli…
IRS announces 2027 tax changes: What taxpayers need to know foxbusiness.com/economy/irs-…
Companies urged to adapt as restaurant franchisee files for bankruptcy: 'Businesses want to make excuses' foxbusiness.com/economy/comp…
Tesla to wind down Cybertruck production at Texas factory next year to make room for Cybercab foxbusiness.com/markets/tesl…
AMC CEO says movie theater giant has finally 'recovered' from pandemic-era struggles foxbusiness.com/markets/amc-…
Fox completes acquisition of streaming giant Roku foxbusiness.com/markets/fox-…
Nasdaq rallies as chip stocks recover from brutal losses foxbusiness.com/markets/stoc…
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Tesla CEO Elon Musk said that the company is planning to "wind down" production of the Cybertruck at Gigafactory Texas around the middle of next year as it reallocates capacity to increase Cybercab production.
The move marks a pullback from one of Musk’s closely watched projects. The futuristic Cybertruck was once touted as a rival to established pickup trucks.
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Full story here foxbusiness.com/markets/tesl…
AMC CEO Adam Aron says the movie theater giant has finally "recovered" from its pandemic-era struggles.
The company reported $1.7 billion in total revenue in the third quarter, up 31.6% from a year ago, while adjusted EBITDA surged from $122.5 million to $347.5 million.
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"Where other key players in our industry collapsed, at AMC we repeatedly instead have talked about recovery," Aron said on the earnings call. "Today, we can finally say that AMC has recovered."
AMC is the largest movie exhibition company in the U.S. and the world, operating about 840 theaters and 9,500 screens globally.
The momentum is not slowing down. Aron says AMC's October domestic box office was up about 35% from the same month last year, and he expects the remaining film slate in November and December to push both domestic and global box office totals to their highest full-year levels in seven years.
Full story here foxbusiness.com/markets/amc-…
Fox Corp. announced on Friday that it completed its acquisition of Roku to expand its streaming presence that already includes Tubi and FOX One.
The company said the combination of FOX's live sports, news and local programming with Roku's open connected TV platform reaching over 100 million households will create "new opportunities for the company to serve its viewers, advertisers and partners."
Download the Fox News app or go to FoxBusiness.com for more.
Full story here foxbusiness.com/markets/fox-…
Florida just gave homeowners another reason to stay, and potentially gave out-of-state buyers another reason to move.
After 62% of voters approve a sweeping expansion of the state's homestead exemption, Miami real estate heavyweights are already talking about what it could mean for home prices, retirees and buyers fleeing higher-tax states.
"I do believe it's going to give another uptick to home prices," luxury broker Dina Goldentayer told Fox News Digital.
The change will shield up to $250,000 of eligible homes' assessed value from certain local property taxes by 2028, though critics warn the cuts could strain funding for essential services.
One Miami broker says the biggest winners may not be wealthy buyers at all. See which homeowners could benefit most: foxbusiness.com/real-estate/…
