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Tesla CEO Elon Musk, despite being one of the wealthiest individuals in history, found himself overshadowed by Nvidia CEO Jensen Huang in 2024's earnings rankings. Huang's annual income surged from $21.1 billion in 2023 to an astonishing $77 billion in 2024, nearly quadrupling Musk's increase of $15 billion, which brought his total to $195 billion. This remarkable growth elevated Huang's net worth to $123.8 billion, landing him ninth on the Forbes Real-Time Billionaire List. Nvidia's stock reached record highs, significantly boosting Huang's wealth, primarily from his 3.5% stake in the company. Nvidia dominates the AI accelerator market, holding an 80% share and supplying essential technology to major firms like Amazon and Google. Huang, who co-founded Nvidia in 1993, described the demand for their products as "insane," with customers expressing strong emotions over availability. 
Published: Nov 23 2024, 11 ameznews.inDonald Trump has appointed Jamieson Greer as his trade envoy, a pivotal role in advancing the president-elect's economic agenda, which heavily relies on tariffs. Trump praised Greer's significant contributions during his first term, particularly in imposing tariffs on China and other nations to address unfair trade practices. Greer, who previously served as chief of staff to former US Trade Representative Robert Lighthizer, was instrumental in the US-Mexico-Canada trade agreement. Most recently a partner at King & Spalding law firm, Greer is expected to continue the tariff policies that characterized Trump's first term from 2017 to 2021, during which the administration imposed tariffs on billions of dollars in imports, especially from China. If confirmed by the Senate, Greer will be tasked with executing Trump's tariff strategy and negotiating new trade agreements.
Published: Nov 27 2024, 7 ameznews.inA ceasefire deal, brokered by the United States and France, aims to end the two-month conflict between Israel and Hezbollah, the Iranian-backed Lebanese militant group. Set to take effect at 4:00 am local time on Wednesday, the agreement facilitates the withdrawal of Israeli troops from southern Lebanon over a 60-day period, during which Lebanese military forces will deploy to the area. US President Joe Biden emphasized that Hezbollah must not rebuild its infrastructure in southern Lebanon and affirmed Israel's right to self-defense in case of violations. The ceasefire is seen as an opportunity for Lebanon to regain sovereignty, with the US and France supporting the Lebanese army through training and resources. Additionally, the deal could pave the way for a ceasefire in Gaza, as it signals a shift in Hezbollah's support for Hamas, which may impact the dynamics of the ongoing conflict.
Published: Nov 27 2024, 7 ameznews.inIsrael has initiated a ceasefire in Lebanon following intense conflict with Hezbollah, amidst international calls for peace in the Middle East. The Israeli cabinet approved the ceasefire, brokered by the US and France, with President Joe Biden announcing its commencement at 4 am local time. The agreement stipulates a halt in hostilities from both sides, although Israeli Prime Minister Benjamin Netanyahu warned of retaliation for any violations by Hezbollah. While the ceasefire allows for a phased withdrawal of Israeli forces from Lebanon and the deployment of Lebanese troops to the south over 60 days, fighting will persist in Gaza, where Israel is committed to dismantling Hamas. The announcement follows a significant Israeli air raid in Beirut, highlighting the ongoing regional tensions involving Iran's support for Hezbollah and the broader conflict between Israel and Hamas.
Published: Nov 27 2024, 7 ameznews.inA ceasefire between Israel and Hezbollah took effect on Wednesday after over a year of intense conflict that has resulted in thousands of deaths and mass displacement in both countries. The truce, announced by US President Joe Biden and supported by Israeli Prime Minister Benjamin Netanyahu, aims to halt hostilities that escalated following Hezbollah's cross-border strikes in response to Hamas's attack on Israel on October 7, 2023. Since the conflict began, Lebanon has reported at least 3,823 fatalities, while Israel has seen 129 deaths, including soldiers and civilians. Despite the ceasefire, Netanyahu emphasized Israel's right to respond to any future threats from Hezbollah, while Biden described the agreement as a step towards lasting peace. The Lebanese military is set to take control of the border area, although concerns remain about Hezbollah's continued presence and influence in the region.
Published: Nov 27 2024, 8 ameznews.inDaniel Andreas San Diego, an alleged animal-rights extremist on the FBI's most-wanted terrorist list since 2009, has been arrested in Wales in connection with a 2003 bombing at a California biotechnology firm. The FBI confirmed the arrest, which was executed by the UK’s National Crime Agency and local police, and stated that San Diego is currently in detention pending extradition. He faces charges related to a bomb blast at Chiron Inc. near Oakland, where a second bomb was deactivated, allegedly aimed at first responders. A third bomb was reportedly planted at another California firm. No injuries were reported in any of the incidents. The group Revolutionary Cells claimed responsibility for the attacks, citing the firms' ties to animal testing. FBI Director Christopher Wray emphasized that violent actions are not an acceptable means of expressing views, reaffirming the bureau's commitment to pursuing suspects regardless of time elapsed.
Published: Nov 27 2024, 6 ameznews.inBrazil's Federal Police have uncovered evidence suggesting that former President Jair Bolsonaro plotted a coup to overturn the results of the October 2022 election, which he lost to Luiz Inacio Lula da Silva. The 884-page report, released after being submitted to the Supreme Court, outlines eight key pieces of evidence against Bolsonaro, including a December 2022 meeting where he presented a coup plan to military commanders. While the Army and Air Force leaders declined to support the scheme, Navy commander Admiral Almir Garnier expressed willingness to assist. Bolsonaro, along with 37 others, faces formal accusations of attempting to subvert democracy and forming a criminal organization. He has denied any wrongdoing. The investigation also revealed Bolsonaro's involvement in drafting a decree to prevent Lula from taking office and knowledge of a plot to assassinate both Lula and Vice President-elect Geraldo Alckmin.
Published: Nov 27 2024, 2 ameznews.inUS President Joe Biden hailed a newly brokered ceasefire between Israel and Hezbollah as "good news" during a statement at the White House on Tuesday. The agreement, facilitated by the US and France, is set to take effect on Wednesday at 4:00 am local time (0200 GMT). Biden's remarks came shortly after Israeli Prime Minister Benjamin Netanyahu's office confirmed that his ministers had approved the terms of the ceasefire. This development marks a significant diplomatic effort aimed at reducing tensions in the region, reflecting ongoing international concerns regarding stability in Lebanon and the broader Middle East.
Published: Nov 27 2024, 3 ameznews.inIn a significant diplomatic development, US President Joe Biden and French President Emmanuel Macron announced a ceasefire aimed at ending hostilities between Israel and Hezbollah in Lebanon. The leaders stated that this agreement would not only protect Israel from threats posed by Hezbollah and other militant groups but also foster conditions for "lasting calm" in the region. The Israeli government has already approved the truce, which Biden and Macron credited to "many weeks of tireless diplomacy." They emphasized the importance of ensuring the ceasefire's full implementation to prevent a resurgence of violence. Additionally, the United States and France plan to lead international efforts to bolster the Lebanese army and support economic development in Lebanon, aiming to enhance stability and prosperity across the region.
Published: Nov 27 2024, 3 ameznews.inHezbollah has claimed responsibility for attacks on Israeli forces in northern Israel, coinciding with the announcement of a ceasefire deal following over a year of hostilities, including two months of intense conflict. Late on Tuesday, the Iran-backed group stated that its fighters launched a series of rocket strikes targeting Israeli troop concentrations in Shtula and Kiryat Shmona. This escalation comes despite the recent agreement aimed at halting the violence that has plagued the region for an extended period. The situation remains tense as both sides navigate the implications of the ceasefire amidst ongoing military actions.
Published: Nov 27 2024, 3 ameznews.inAn appeals court has granted prosecutors' request to dismiss the case against President-elect Donald Trump concerning the mishandling of classified documents, following a long-standing Justice Department policy against prosecuting sitting presidents. Special Counsel Jack Smith had sought the dismissal after a Florida district court judge previously threw out the case. While Trump's case has been dropped, Smith continues to pursue charges against Trump's co-defendants, Walt Nauta and Carlos De Oliveira. Trump, who recently won the presidential election against Vice President Kamala Harris, faces multiple legal challenges, including two state cases in New York and Georgia. In New York, he was convicted of falsifying business records related to a hush money payment, with sentencing postponed as his lawyers seek to overturn the conviction. In Georgia, Trump faces racketeering charges linked to efforts to overturn the 2020 election results, a case likely to be paused during his presidency.
Published: Nov 27 2024, 3 am
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