Wednesday, November 11th

Nvidia Faces Shareholder Lawsuit

Nvidia and CEO Jensen Huang face a shareholder lawsuit accusing them of misleading investors about his relationship with a woman U.S. officials suspect spied for China.

Jim Jordan Elected House GOP Leader

House Republicans elected Rep. Jim Jordan of Ohio as their next minority leader Tuesday, defeating Rep. Steve Scalise of Louisiana 106-73 in a secret ballot.

John Thune Reelected Senate GOP Leader

Senate Republicans reelected South Dakota Sen. John Thune as their leader Tuesday after midterm losses cost the party its majority.

Anthropic Seeks Up To $1.4T Valuation

Anthropic, the maker of the Claude AI chatbot, set an IPO price range of $70 to $78 per share, targeting a value of up to $1.4 trillion including potential future shares, or about $1 trillion on shares outstanding.

US Inflation Exceeds Expectations

U.S. consumer prices rose 0.4% in October from September, above economists’ forecast of 0.3% but slower than September’s 0.6% increase, the Labor Department reported Tuesday.

Bernie Sanders Rejects Chuck Schumer

Sen. Bernie Sanders said Tuesday he would not support Chuck Schumer to lead the incoming Democratic Senate majority, saying voters wanted change.

California Rejects Billionaire Tax

California voters rejected Proposition 40, the billionaire wealth tax, with roughly 53% opposed and 47% in favor when the result was called Monday.

U.S. Soldier Arrested Over Russia Spying

British police arrested a 41-year-old U.S. Army soldier near Gloucester, England, on Tuesday on suspicion of spying for Russia, authorities said.

Mississippi Voters Seek To Validate Ballots

Thousands of Mississippi voters sought to validate provisional ballots by Tuesday’s deadline as the state’s U.S. Senate race remained unresolved.