AP Business SummaryBrief at 10:43 p.m. EST

Nvidia and Jensen Huang face shareholder lawsuit alleging investors were misled about spy affair A shareholder has sued Nvidia and CEO Jensen Huang, accusing them of deceiving investors about Huang's affair with a purported Chinese spy. The lawsuit, filed Monday, claims the affair threatens national security. President Donald Trump said the FBI is investigating the matter, which Huang has admitted to and apologized for. Concerns have arisen that Beijing may be using the affair to access Nvidia microchips, crucial for AI development but restricted from export to China. The complaint, filed in California, alleges Nvidia misled investors about the affair's impact. Nvidia did not immediately comment. Shares fell about 5.5% on Tuesday. Alleged spy plot targeting CEO Jensen Huang raises questions about Nvidia's future SAN FRANCISCO (AP) — Investigations into whether Nvidia’s CEO was targeted by a Chinese intelligence effort are raising questions about the future of the chipmaker. Nvidia became one of the world’s most valuable companies by providing technology that powered the artificial intelligence boom. Jensen Huang has been synonymous with the brand since he co-founded it more than 30 years ago. The company now faces potential damage to its reputation and stock price, uncertainty over a possible successor and new scrutiny from shareholders and elected officials. With a valuation of more than $4 trillion, the company has outsized importance on Wall Street. Trump nominates Justice Department official to an EEOC seat that was left open by Democrat's firing NEW YORK (AP) — President Donald Trump has nominated a Justice Department official to an open seat on the Equal Employment Opportunity Commission, signaling the administration's intention to forge ahead with its legal campaign against diversity and inclusion policies. The White House tapped Matt Zandi to fill a seat previously held by Jocelyn Samuels, one of two Democratic commissioners fired by Trump before the end of their terms. Zandi currently serves as chief of staff for the Justice Department’s Civil Rights Division, which has worked closely with the EEOC to investigate and penalize companies for diversity and inclusion policies that allegedly discriminate against white workers and others. Treasury Secretary Scott Bessent calls for more balanced US-China trade ties ahead of Trump-Xi talks NEW YORK (AP) — Treasury Secretary Scott Bessent called for a more balanced U.S.-China trade relationship ahead of talks between President Donald Trump and Chinese leader Xi Jinping. Speaking at a New York gala, Bessent said Americans must produce more of what they consume while China must boost domestic consumption. He framed reduced U.S. reliance on China as mutually beneficial, saying it “does not reflect hostility.” Chinese Ambassador Xie Feng also emphasized cooperation over confrontation. Trump is expected to meet Xi in Shenzhen next week as trade tensions persist and a fragile truce approaches its January expiration. Subdued sales for Singles' Day, China's online shopping festival, signal weak appetite for spending HONG KONG (AP) — Signs so far show Singles' Day, China's biggest online shopping festival, is failing to entice worried consumers into splashing out more, even when they are offered bargains. Singles' Day is focused on Nov. 11, or 11-11, but it starts weeks earlier. Retail data platform Syntun said as of Oct. 31, the cumulative sales for this year’s festival were roughly $154 billion, similar to last year’s figure for the same period. China's huge domestic market has suffered as a yearslong housing downturn has left families feeling less well off. Sales of big ticket items like cars and luxury products have been hit especially hard. Nonprofit local news isn't free! It takes reporters, editors, and resources to do this work right. Your donation keeps that work alive. MAKE YOUR DONATION TODAY Inflation runs hotter than expected as higher prices extend beyond the gas station WASHINGTON (AP) — U.S. inflation was higher than expected last month in a sign that the rising prices that powered sweeping Democratic victories in last week’s midterm elections will continue to pose challenges for the White House and Federal Reserve. The data shows that inflation remains noticeably above the Federal Reserve’s target of 2%, and Americans’ struggles with high prices were evident as they ousted Republican majorities from the House and Senate last week. Appeals court limits order for LinkedIn to disclose journalists' communications in leak probe WASHINGTON (AP) — A federal judge must narrow an order requiring LinkedIn to divulge journalists’ communications on the social media platform to the Trump administration for a leak investigation. Tuesday's ruling by a panel from the 4th U.S. Circuit Court of Appeals says the government isn’t entitled to a “blanket” order for LinkedIn to disclose a broad array of user records belonging to the journalists. But the three-judge panel concluded that the journalists’ First Amendment rights must be balanced against the administration’s duty to protect natural security information. The journalists' employer isn’t identified in court records. A district judge in Virginia issued the order that LinkedIn challenged. Poultry in motion: The ubiquitous Buffalo wing, as assessed by a local who loves 'em BUFFALO, N.Y. (AP) — You know the old saying: You can take the wing out of Buffalo, but you can’t take the Buffalo out of the wing. Ok, fine, that’s not a saying. But it’s true that Buffalo chicken wings are so ubiquitous that people forget where they came from — unless you’re from Buffalo. Yes, you can find them everywhere: your local pub, chains like Wing Stop or Buffalo Wild Wings, the frozen food aisle of the supermarket. Then there are the offshoots: Buffalo-flavored potato chips, peanuts and pretzels. There’s Buffalo ranch salad dressing, Buffalo mac-and-cheese, Buffalo casseroles. But if you want the real deal, you have to go to its birthplace. US stocks slip following a discouraging update on inflation NEW YORK (AP) — The U.S. stock market dipped after a report showed inflation was worse across the country last month than economists expected. The S&P 500 slipped 0.4% Tuesday. The Dow Jones Industrial Average dropped 0.3%, and the Nasdaq composite sank 0.7%. The discouraging report on inflation caused traders to up their forecasts for coming hikes to interest rates by the Federal Reserve. One top Fed official even suggested that it could raise its main interest rate by twice the typical amount at its meeting next month. That caused Treasury yields to jump in the bond market even though oil prices fell again. Press Forward completes nearly $600M in journalism investments about 2 years early Press Forward has completed investing nearly $600 million to strengthen local news outlets, two years ahead of schedule. Executive Director Dale Anglin says the work is far from complete, as the industry undergoes significant transformation. According to Northwestern University, news deserts have grown by 12% this year. Press Forward has 144 funders and 50 local chapters, which have raised and invested another $87 million to bolster journalism. Press Forward Chicago has seen promise in pooled funds to support specific initiatives. Knight Foundation CEO Maribel Perez Wadsworth emphasizes that local funding is essential for sustainable growth. Donate now to support local nonprofit news in Lancaster County Newsletter Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Weekly Restaurant Inspections Weekly Lancaster County restaurant inspections from the PA Department of Agriculture. Please enter a valid email address. Sign up By opting into newsletters you are agreeing to our privacy policy . What to Read Next