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Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025.Jim Watson | AFP | Getty ImagesThe Trump administration on Wednesday prepared to rescind U.S. chip export restrictions known as the “AI diffusion rule,” effectively stopping a set of artificial intelligence semiconductor limits from taking effect next week. A Department of Commerce spokesperson confirmed the plan to CNBC after Bloomberg reported on it earlier.Nvidia shares climbed Wednesday in reaction to the news. The company has been vocal in its stance that restricting chip exports limits U.S. leadership in…

Kate_sept2004 | E+ | Getty ImagesAs investors worry about future inflation amid President Donald Trump’s tariff policy, some experts say assets like Series I bonds could help hedge against rising prices.  Currently, newly purchased I bonds pay 3.98% annual interest through October 31, which is up from the 3.11% yield offered the previous six months. Tied to inflation, the I bond rate adjusts twice yearly in part based on the consumer price index.Certified financial planner Nathan Sebesta, owner of Access Wealth Strategies in Artesia, New Mexico, said there’s been a “noticeable uptick” in client interest for assets like I bonds and Treasury inflation-protected securities. “While…

CNN  —  A three-day ceasefire in Ukraine that was unilaterally declared by Russian President Vladimir Putin last month was set to come into effect at 5 p.m. ET on Wednesday (midnight Moscow time), as Russia prepares to mark the anniversary of its World War II Victory Day on Friday. It was not immediately clear whether Russian forces observed the ceasefire. A statement from the Kremlin last month said that Putin ordered “all military actions” in Ukraine to be suspended from midnight May 8 to midnight May 11 based on “humanitarian considerations.” Kyiv rejected the short-term truce when it was first…

KUWAIT: HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah patronized and attended the 2023-24 graduation ceremony of the Public Authority for Applied Education and Training (PAAET) on Wednesday at its new auditorium in Shuwaikh. HH the Amir was received by Minister of Higher Education and Scientific Research Dr Nader Al-Jallal, PAAET Director General Dr Hassan Al-Fajjam and faculty members. The event was also attended by HH the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, Acting Prime Minister Sheikh Fahad Al-Yousef Al-Sabah, President of the Supreme Judicial Council Dr Adel Bouresli and families of the graduates.Dr Al-Jallal praised HH the Amir’s…

KUWAIT: Head of a government committee appointed to study grievances against revocation of citizenship Ali Al-Dhubaibi said on Wednesday the panel has received 5,148 grievances in the past four days. The committee started receiving grievances from people who had their citizenship revoked on Sunday. It gave people 60 days to submit their applications. Since the drive began a year ago, Kuwait has revoked the citizenship of well over 35,000 citizens, around 29,000 of them wives of Kuwaiti men who were granted citizenship following marriage. The rest were accused by the supreme committee for nationality of obtaining citizenship through illegal methods,…

By Vladimir Zheltov, Ambassador of Russia to Kuwait80 years have passed since the end of the Great Patriotic War. This is how we, in Russia, call the period of World War II from Hitler’s invasion of the Soviet Union on June 22, 1941, until Germany’s eventual defeat and capitulation on May 9, 1945. Since then, several generations have passed and the political map of the globe has changed drastically. The Soviet Union, which made a decisive contribution to the victory over Nazism and saved the world from the “brown plague” of fascism, no longer exists.For many people nowadays the events of…

Judge Jefferson Griffin, the Republican candidate for the N.C. Supreme Court listens to testimony in Wake County Superior Court on Friday, Feb. 7, 2025, in Raleigh, North Carolina. Griffin trails North Carolina Supreme Court Justice Allison Riggs by 734 votes following two recounts of the November 2024 election results. Robert Willett | Raleigh News & Observer | Tribune News Service | Getty ImagesThe Republican candidate for North Carolina’s state Supreme Court conceded the race Wednesday, ending his six-month crusade to overturn the election results in the perennial battleground state.”While I do not fully agree with the District Court’s analysis, I…

U.S. President Donald Trump speaks during a swearing-in ceremony for the new U.S. ambassador to China, former U.S. Senator David Perdue, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | ReutersPresident Donald Trump said Wednesday he would not consider lowering the United States’ 145% tariffs on China in order to spur trade-war negotiations with Beijing.Trump flatly answered “no” when asked at the White House if he was open to pulling back on the steep import duties to get China to the negotiating table.Trump’s commitment to his tariffs came three days before U.S. Treasury Secretary Scott…

Warren Buffett’s retirement announcement may have surprised some attendees at Berkshire Hathaway’s annual shareholder meeting on Saturday, but the identity of the 94-year-old investing icon’s successor came as no surprise.In 2021, Buffett confirmed that Greg Abel — currently 62, and Berkshire’s vice chairman of non-insurance operations — would eventually take over as CEO of the $1.1 trillion investment business upon Buffett’s retirement. The billionaire investor reaffirmed that choice during the 2024 annual meeting, stating that Abel would have full authority to make Berkshire’s investing decisions once he became CEO.”I would leave the capital allocation to Greg and he understands businesses…

CNN  —  President Donald Trump is making plans for the United States to begin referring to the Persian Gulf as the Gulf of Arabia or the Arabian Gulf, two administration officials familiar with the discussions told CNN. The expected announcement is tied to his trip to the Middle East next week, where he’ll visit Saudi Arabia, Qatar and the United Arab Emirates, the officials said. They added that conversations regarding the change are ongoing, and it is still unclear when the president will make the announcement. When asked about the name change at an Oval Office event Wednesday, Trump told…