Wednesday, July 16
Headline
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Nvidia says it can sell AI chips to China again. You can’t stop Jensanity—you can only hope to contain it. Nvidia CEO Jensen Huang revealed this week that the company will resume selling its popular H20 semiconductors to China. The Trump administration had placed restrictions on sales of the chips due to national security concerns, but Huang said President Trump reversed course after meeting with him at the White House. The move—the latest in a string of good news for Nvidia—sent the chipmaker’s stock to another new record as its market cap continues to climb past the $4 trillion mark. Huang’s net worth recently caught up to Warren Buffett’s.
Big banks are buzzing. JPMorgan kicked off earnings season with a solid beat, posting $15 billion in profit as corporate dealmaking rebounded more than expected last quarter. Citigroup, meanwhile, smashed expectations, reporting total revenue that was up by 16% from the same period a year ago. Wells Fargo also reported higher Q2 profits after the Federal Reserve lifted its asset cap, though its stock fell after it lowered its annual forecast for net income. Overall, it was a more-good-than-bad day for the US’ biggest banks, providing further evidence that they’re weathering the tariff-induced economic uncertainty better than most.
Jamie Dimon said Fed independence is “absolutely critical.” The JPMorgan CEO threw his unwavering support behind the concept of an independent Federal Reserve amid President Trump’s ongoing attacks on Chairman Jerome Powell. “Playing around with the Fed can often have adverse consequences, absolutely opposite of what you might be hoping for,” Dimon said yesterday. Treasury Secretary Scott Bessent suggested that the process to identify Powell’s successor has already started, and he claimed that Trump’s criticism of the chairman is simply “working the refs” to cut interest rates. Powell’s term as Fed chair ends next year, but his term as one of the Fed governors isn’t up until 2028.—AE
Robert Reich
Friends,
A few days ago, Jamie Dimon, chairman and CEO of JPMorganChase, the largest bank in the United States, said at an international forum in Dublin, Ireland, the tax-haven capital of Europe:
“I have a lot of friends who are Democrats, and they’re idiots. I always say they have big hearts and little brains. They do not understand how the real world works. Almost every single policy rolled out failed.”
Failed? Like the Affordable Care Act? Medicare and Medicaid? Social Security? Spending on basic research and infrastructure? On protecting Americans from dread diseases? On protecting workers from death and injury on the job? On protecting the environment?
At A Glance
Japanese scientists set a new internet speed record.
The toxic communication habits on "Love Island USA."
Experts believe they've found a long-lost violin.
Why older adults are playing video games.
Map of must-try desserts, according to TikTok.
... and this year's 10 best new bartenders.
In 1948, a conservation officer sent beavers skydiving.
Play some tunes on this keyboard keyboard.
Clickbait: Business is booming for Etsy witches.
In The NEWS
Sports, Entertainment, & Culture
> The 2025 MLB All-Star Game set for tonight (8 pm ET, FOX); see roster breakdown and preview (More) | 2025 MLB Draft wraps; see full tracker of all 615 picks (More) | The history of MLB (1440 Topics)
> John Elway won't face charges in the April death of his friend and agent Jeff Sperbeck, who died from injuries sustained after falling off a golf cart driven by Elway (More)
> Animated children's show "Bluey" is most streamed US show in first half of 2025 with 25 billion minutes viewed (More) | HBO's "Harry Potter" TV series begins production, sets 2027 release date (More) | "Superman" flies to $122M in its opening weekend to lead US domestic box office (More)
Science & Technology
> Defense Department awards contracts worth up to $200M to Google, Anthropic, xAI, and OpenAI to develop AI systems for unspecified national security applications (More)
> Astronomers detect the largest merger of two black holes to date via measuring gravitational waves; collision produced a single black hole roughly 225 times the mass of the sun (More) | What happens if you fall into a black hole? (1440 Topics)
> Photonic quantum device—systems that use light to perform quantum computing tasks—integrated into a commercial electronic chip for the first time; marks a key step toward manufacturing light-based quantum computers (More) | Einstein's insight underlying quantum computing (1440 Topics)
Business & Markets
> US stock markets close up (S&P 500 +0.1%, Dow +0.2%, Nasdaq +0.3%) as investors continue to monitor trade talks and look ahead to second quarter earnings reports (More)
> Cognition AI to acquire coding startup Windsurf in deal with undisclosed financial terms; follows failed acquisition by OpenAI and $2.4B licensing deal between Google and Windsurf last week (More)
> Amazon’s Prime Day event drove over $24B in e-commerce sales—the equivalent of two Black Fridays—with traffic from generative AI products increasing 3,300% year over year (More) | Starbucks employees ordered to work in person four days a week by October or take payouts; some leaders must also relocate to headquarters within 12 months (More)
Politics & World Affairs
> Supreme Court clears the Trump administration to lay off over 1,300 employees at the Department of Education, functionally eliminating the agency (More) | Two dozen states sue the federal government for withholding $6.8B in education funds (More)
> President Donald Trump announces plan to sell Patriot air defense systems, other weapons to Ukraine, paid for by European allies; Trump threatens tariffs on Russian goods if a peace deal is not reached within 50 days (More) | Former New York Gov. Andrew Cuomo launches independent mayoral bid after Democratic primary loss to Zohran Mamdani (More)
> Food and Drug Administration approves blue color additive derived from gardenia fruit as part of larger push to remove synthetic dyes from American diets (More) | Dozens of ice cream makers, representing roughly 90% of the US market, pledge to stop using artificial dyes by 2028 (More)
SOURCE: 1440 NEWS
Project Management: Time - Cost - Quality
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Project Managers are faced with the triangle from the very beginning when they are told upfront that their project must be completed on time, must be under budget and must be of the highest quality.
Time, Cost, Quality ARE NOT mutually exclusive; they are in fact, closely interrelated and unavoidable.
For instance, in order for your project to be finished on time, you must hire more people or more expensive equipment... well, that raises costs... unacceptable.
It is also entirely possible that if you reduce the time it takes to complete a task, then the quality of that task will be reduced... well, that saves costs but deceases quality... unacceptable.
On the other hand, let's say you want to IMPROVE QUALITY... well, that typically takes more time which increases costs... unacceptable.
HOWEVER, it is not that simple because if your product is NOT QUALITY MADE, then the customer will not buy it in the volumes you anticipated... unacceptable.
There are TRICKS of the TRADE that allow you to deal with TIME-COST-QUALITY without violating the triangle to a large degree although though some degradation is always inevitable.
Manipulating start and end of tasks, finding ways to buy in bulk, removing the variation of processes... some of the skills you will learn as you progress through your experiences.
Ancient Egyptian rock art discovered near Aswan may be from the dawn of the first dynasty
The rock art panel shows a boat dragged by five figures. It has a standing figure holding an oar and the head
and right shoulder of a seated figure inside the boat's inner structure, possibly a cabin.
(Image credit: Dorian Vanhulle (2025); Antiquity Publications Ltd.)
An ancient Egyptian rock engraving may have been carved at the dawn of the first dynasty, up to 5,100 years ago, a new study suggests.
The engraving depicts a boat that may have a royal figure seated in it, although only the person's head and right shoulder are visible.
The engraving is stylistically similar to ancient Egyptian rock panels from the protodynastic period and early first dynasty — periods that aren't well known to archaeologists.
These similarities hint that the newfound carving may hold clues about the formation of the Egyptian state, according to the study.
Tuesday, July 15
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