US existing-home sales fell 5.5% in October to an annual rate of 3.75 million, the lowest since August 2010. Mortgage rates above 7% continued to strain buyers.
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Jensen Huang is stepping down as Nvidia CEO after reports of two affairs, including one involving a woman alleged to have been recruited to spy for China. CFO Colette Kress is serving as interim CEO while the board searches for a successor.
Nvidia shares slid as much as 8% after hours amid reports that its board planned to discuss CEO Jensen Huang’s future. The company is investigating Huang’s conduct after he acknowledged being unfaithful to his wife.
The Senate voted 73-25 to take up a bipartisan bill aimed at speeding energy and data center projects. Supporters project lower electricity costs, while environmental groups warn it would weaken protections.
Anthropic is seeking to raise up to $64.4 billion in an IPO that Al Jazeera says could value it at $1.4 trillion, including potential shares. The offering follows rapid revenue growth, substantial losses and a volatile stretch for AI stocks.
US gasoline prices fell below $4 a gallon Tuesday as crude oil costs eased and stations switched to cheaper winter fuel. Diesel remains expensive, while October consumer prices rose more than forecasters expected.
U.S. consumer prices rose 0.4% in October, slower than in September but above forecasts. Energy inflation eased, while core prices rose 0.3% for a third straight month.
California voters rejected Proposition 40, a one-time billionaire wealth tax intended primarily to fund healthcare. The measure divided Democratic allies and drew a heavily funded opposition campaign.