Bessant: Warns Federal Reserve against tightening monetary policy

On November 15, U.S. Treasury Secretary Bessant warned the Federal Reserve on Fox News against tightening monetary policy.

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U.S. Treasury Secretary Bessenter stated that Nvidia should find an outsider to serve as its new CEO and completely reorganize its leadership. Bessenter called Huang a remarkable innovator and said Nvidia is excellent, but that romantic relationships between superiors and subordinates are a major taboo in business. (Source: Fox News)

Nvidia announced that Jensen Huang has resigned as president, chief executive officer (CEO), and board member. Perplexity CEO Srinivas and others expressed regret over Huang's departure, while SpaceX CEO Elon Musk proposed hiring Huang. Multiple sources in Silicon Valley believe Huang's return is inevitable, and numerous cloud vendors and startups are attempting to contact him. Jensen Huang possesses a net worth of approximately $145 billion and a strong reputation in the industry. Dr. Hoffer, chief AI officer of the lobbying firm Monument Advocacy, stated that losing his position does not equate to losing the ability to shape the future. Huang's spokesperson did not respond to requests for comment regarding his future plans. Sources indicate that Huang finds it easier to leverage his capital to launch new ventures than to join existing companies. (Source: Global Times)

The current total market capitalization of cryptocurrencies is $2.22 trillion, a decrease of $87.637 billion in the last 24 hours, representing a drop of 3.79%. Bitcoin accounts for 58.48% of this market capitalization, while Ethereum accounts for 9.96%.