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Nvidia Lacks Corporate D&O Insurance Amid Huang Scandal
Nvidia Lacks Corporate D&O Insurance Amid Huang Scandal
Nvidia does not have directors’ and officers’ (D&O) liability insurance covering the company itself, an unusual omission for a major US-listed corporation that could leave the chipmaker facing substantial legal costs amid the controversy surrounding former chief executive Jensen Huang, according to Financial Times.The FT writes that while Nvidia reportedly maintains $900mn in insurance protecting its directors and senior executives from personal liability, the policy does not extend to the company’s own financial exposure. The coverage, arranged through Aon and involving insurers...
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May 22, 2026 / Tyler Durden
As Stocks Hit Record Highs, Americans' Consumer Confidence Collapses To Record Low
As Stocks Hit Record Highs, Americans' Consumer Confidence Collapses To Record Low
With the "mini war" still ongoing (albeit with a 'ceasefire' in place), expectations were for UMich consumer sentiment to continue languishing at record lows in final May data released this morning.
And it did, with the headline sentiment - along with both Current Conditions and Expectations - all plunging to record lows...
Source: Bloomberg
Yep... Americans have never been more miserable... Black Friday, meh; 9/11, nothingburger; GFC, fleshwound...
“The cost of living continues to be a first-order concern, with 57% of consumers spontaneously...
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Aug 3, 2026 / Tyler Durden
Pentagon Plans AI Data Centers At Military Bases Across Multiple Branches
Pentagon Plans AI Data Centers At Military Bases Across Multiple Branches
By Adam Gramegna of Military.com
At Dugway Proving Ground in Utah, on ground the Army's own contracting documents describe as previously used for grazing, a company owned by two of the largest investment firms in the world is preparing to build a data center.
That site sits about an hour's drive from the nearest community, on the installation where the U.S. military conducts its primary chemical and biological weapons testing. Three parcels there total roughly 3,466 acres. One of them, about...
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Nov 14, 2026 / Tyler Durden
As Dems Take Congress, Alito Warns They Can "Turn Off The Lights" At Supreme Court
As Dems Take Congress, Alito Warns They Can "Turn Off The Lights" At Supreme Court
Authored by Jack Phillips via The Epoch Times,Supreme Court Justice Samuel Alito said Thursday that he is concerned Congress could make decisions that affect the high court's funding."Congress can turn off the lights at the Supreme Court and stop everything from happening if they want to defund their activities. And there are many, many, many other things that they can do, or at least try to do," Alito said at a Federalist Society event on...
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