Author: admin@primenews

Nvidia became the world’s most valuable company after its share price climbed to an all-time high on Tuesday. The stock ended the trading day at nearly $136, up 3.5%, making it more valuable than Microsoft. It overtook Apple earlier this month. American company Nvidia makes computer chips needed for artificial intelligence (AI) software, and demand for its products has boosted its sales and profits over the last few years. Many investors believe its earnings can grow even more, which has caused its share price to soar, though some have questioned its sky-high valuation. Tuesday’s share price rally means the market…

A Russian court has sentenced a US soldier to three years and nine months in jail on charges of theft and threatening to kill his girlfriend, state news agencies reported. Staff Sgt Gordon Black was sentenced by a court in Vladivostok in Russia’s far east and will serve his time in a penal colony. Sgt Black, who was arrested in May, had pleaded not guilty to the murder threat charges but admitted he was “partially” guilty of stealing 10,000 roubles (£89) from her. He will appeal the verdict, state news agencies said. Prosecutors had called for him to be jailed…

People have been killed and injured after a huge fire broke out at an ammunition depot in Chad, causing major explosions, senior government ministers have said. Foreign Minister Koulamallah Abderaman said the blaze happened at a military depot in the Goudji area of the capital, N’Djamena. President Mahamat Idriss Deby sent his condolences to the victims and their families, without specifying the number of casualties. Video footage, which has not been verified by the BBC, shows blasts lighting up the night sky. Witnesses said they could be heard miles away. Journalists working for AFP news agency said the blaze caused…

A crucial medical exam in India has sparked anger, protests and allegations of cheating after thousands of candidates secured unusually high marks in this year’s test. The National Eligibility Cum Entrance Test (Undergraduate), or NEET-UG is the gateway to studying medicine in the country, as its score is necessary for getting admission to a medical college. It is conducted by the National Testing Agency (NTA), a government organisation which holds some of India’s biggest exams. Millions of students take the exam every year, but only a small percentage get good enough marks to secure a college placement. But this year…

The US Federal Trade Commission (FTC) has referred a complaint against TikTok and its Chinese parent company ByteDance over potential violations of children’s privacy to the Department of Justice (DOJ). The FTC says its own investigation “uncovered reason to believe” that the firms “are violating or are about to violate the law”. In a statement to BBC News, a TikTok spokesperson said they were disappointed by the decision. The case is separate from legislation passed earlier this year to ban TikTok in the US if ByteDance does not sell the business. The regulator said its investigation focused on potential violations…

Baseball legend Willie Mays, widely considered one of the best players in the sport’s history, has died, according to the San Francisco Giants. “It is with great sadness that we announce that San Francisco Giants Legend and Hall of Famer Willie Mays passed away peacefully this afternoon at the age of 93,” the team posted on X, formerly Twitter, on Tuesday. A statement from Major League Baseball (MLB) said it was “heartbroken” over the death of “one of the most exciting all-around players in the history of our sport”. Mays was twice declared the league’s Most Valuable Player (MVP) and…

US President Joe Biden has vowed not to “play politics” with the southern border and immigration – a potentially tall order as the US hurtles toward the November presidential election. Mr Biden’s comments came on what he called a “good day” in which he announced an executive order aimed at protecting hundreds of thousands of undocumented spouses of US citizens from deportation and allowing them to work in the US. His actions, however, have drawn criticism from Republicans and some fellow Democrats alike, forcing the president into a complex juggling act. Polls show that a majority of voters see immigration…

The US government has sued software giant Adobe, accusing it of violating consumer protection laws with “hidden” termination fees and a convoluted cancellation process. The Federal Trade Commission (FTC) said the firm had failed to clearly disclose its terms to customers, including the year-long length of a subscription and charges that would be triggered for cancelling early. In its complaint, the agency said Adobe had refused to modify its behaviour because it would hurt the company financially. Adobe disputed the claims and said it would fight the lawsuit. “We are transparent with the terms and conditions of our subscription agreements…

Stocks are trading near record highs after Wall Street received long-awaited clarity on the path for inflation and interest rates. Can that last? The market has been on a tear in 2024, driven higher by robust corporate earnings and the artificial intelligence boom. That rally has been challenged in recent months by a slew of hotter-than-expected inflation reports and economic data, which spurred concerns that the Federal Reserve would wait longer than expected to cut rates. The S&P 500 and Nasdaq Composite indexes both clinched several record closes last week as cooler-than-expected May Consumer and Producer Price Index reports raised…

One of America’s most senior health officials has called on the country to impose smoking-style warning labels on social media platforms. Writing in the New York Times, Surgeon General Vivek Murthy said social media increased the risk that children would experience symptoms of anxiety and depression. He wants people who visit these platforms to be shown a message warning that they are “associated with significant mental health harms for adolescents”. He said such a label would “regularly remind parents and adolescents that social media has not been proved safe”. The BBC has approached Youtube, TikTok, X and Meta, which owns Facebook…