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Cracker Barrel brings back old logo following criticism spurred by Trump | Business and Economic News

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US restaurant chain abandons rebrand after new logo prompts firestorm of criticism online.

Cracker Barrel, the US restaurant chain known for its southern-style cuisine, has abandoned a controversial rebrand following a backlash stoked by prominent right-wing figures including United States President Donald Trump.

The Lebanon, Tennessee-based chain said on Tuesday that it would bring back its decades-old logo after its announcement of a simplified design provoked a firestorm of criticism online.

“We said we would listen, and we have. Our new logo is going away and our ‘Old Timer’ will remain,” the company said in a statement.

“At Cracker Barrel, it’s always been – and always will be – about serving up delicious food, warm welcomes, and the kind of country hospitality that feels like family. As a proud American institution, our 70,000 hardworking employees look forward to welcoming you to our table soon.”

Cracker Barrel, which has more than 600 stores across the US, last week unveiled a new logo as part of the “fifth evolution” of its brand, ditching the image of a seated man leaning against a barrel in favour of a simplified, text-only design.

The redesign prompted a swift backlash in right-wing circles, with some commentators claiming the company had gone “woke” – a term used by conservatives to mock what they see as an excessive fixation on racial and gender diversity.

Shares in Cracker Barrel, which had fallen sharply amid the backlash, rose more than 6 percent in after-hours trading following the reversal.

Weighing in on the furore shortly before Cracker Barrel’s announcement on Tuesday, Trump called on the company to revert to its old logo and “admit a mistake”.

“They got a Billion Dollars worth of free publicity if they play their cards right. Very tricky to do, but a great opportunity,” Trump wrote on his platform Truth Social.

Following Cracker Barrel’s U-turn, Trump congratulated the chain on the change.

“All of your fans very much appreciate it,” Trump wrote on Truth Social.

“Good luck into the future. Make lots of money and, most importantly, make your customers happy again!”

Since returning to the White House in January, Trump has used the presidency to exert an extraordinary level of influence over private businesses.

Trump last week announced that the US government had taken a 10 percent stake in Intel, days after confirming that chip giants Nvidia and AMD had agreed to pay 15 percent of revenues from chip sales in China into Washington’s coffers.

Last month, Coca-Cola announced that it would release a version of its signature drink made with cane sugar in the US after Trump claimed to have persuaded the company to start using the sweetener in favour of high-fructose corn syrup.

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Manhunt continues for suspect in Australia police shooting

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Australian police are continuing a massive search for a heavily armed man suspected of shooting and killing two officers in a rural town.

Ten police officers were fired upon on Tuesday after travelling to the property in Porepunkah – about 300km (186 miles) north-east of Melbourne – to execute a warrant for alleged sexual offences.

Almost 24 hours later, police have named the suspect as local man Dezi Freeman, 56, and confirmed he is “still at large”.

Police have deployed officers, a helicopter and armoured vehicles to the area and warned locals to stay inside until Mr Freeman is caught.

“We are pouring every resource into the search,” Chief Commissioner of Victoria Police Mike Bush said.

“Be vigilant, keep yourselves safe.”

He has previously said the two officers were “murdered in cold blood” and identified them as a 59-year-old detective and a 35-year-old senior constable – but said their names won’t be released until relatives had been informed.

A third officer who was injured in the shooting was now out of surgery, Mr Bush said, and though “significantly damaged” he would recover.

He also addressed previous reports by local media that Mr Freeman had taken his family hostage, adding that police had spoken to his partner and children and they were safe.

Authorities have had no sightings of Mr Freeman since he ran off after the shooting, and are focusing on “dense bush area” near his home.

“He will know that area better than us so that is why we are putting in every expert, supported by local knowledge,” Mr Bush said.

“Our understanding is that he understands bushcraft well which provides a challenge to us.”

Surrounded by heavily wooded hills in the Australian Alps, Porepunkah is only about an hour’s drive from the New South Wales border.

Mr Bush added that police are searching a “very, very wide” area and are also exploring whether Mr Freeman may have left the state – though there is “no information” at this point to suggest that has happened.

Cracker Barrel decides to keep original logo despite criticism on social media

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Cracker Barrel sticks to old logo after social media backlash

Best 10 Swims of the 2025 World Junior Championships

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By Madeline Folsom on SwimSwam

2025 World Junior Swimming Championships

The World Junior Championships came to a close earlier this week, and there was a lot of fast swimming. We saw four* new World Junior Records, numerous new World Junior Records, and numerous new Championship Records set over the six days in Romania, along with a few National records and impressive swims from outside the gold medal position.

We rounded up what we think are the 10 best races of the meet, along with a few bonus swims.

Honorable Mentions:

  • Mizuki Hirai (JPN) 100 fly: Mizuki Hirai swam 56.87 in the girls 100 butterfly final to break the Championship Record in the event and win by almost a full second. This swim was about half-a-second off her own World Junior Record of 56.33.
  • Tajus Juska (LTU) 100 fly: Tajus Juska, 16, won the boys 100 fly final in 51.83, a little more than two tenths ahead of Brazil’s Lucio Flavio Filho who touched in 52.01. Juska’s time was a new Lithuanian National Record, taking more than half-a-second off the previous time of 52.54 that he set in April.
  • Audrey Derivaux (USA) 200 back: American Audrey Derivaux had an exceptional meet, taking three individual golds and a silver. Her best race came in the 200 backstroke, where she swam 2:06.99 to set a new Championship Record, hacking about half-a-second off the former record of 2:07.45.
  • Jacob Mills (GBR) 100 free semifinal: Mills’ spot on this list came from more than just one 100 freestyle swim, but if we have to choose just one, his 47.76 in the semifinal to become the 3rd fastest British swimmer in history was huge.
  • Jon Shortt (IRL) 200 back- Shortt won the gold medal in the boys 200 backstroke, touching in a new Irish National Record of 1:56.19. He won the heat by almost two seconds.

Top 10 Races (in no particular order)

10. Abdul Jabar Adama (NGR) Silver Medal 50 Butterfly

The first swim on our top 10 list is not going to a championship or world junior record. In fact, it isn’t even going to a gold medalist.

Abdul Jabar Adama finished 2nd in the boy’\s 50 fly bringing home the silver medal in a time of 23.64 to win Nigeria’s first ever medal at a World Aquatics meet. He set a new National Record in the semifinals, touching in 23.48 to take a little more than three tenths off his pre-meet record of 23.81 from March.

9. Yang Peiqi (CHN) 4:05.38 400 Freestyle

Yang Peiqi was the swimmer of the meet after winning seven medals throughout the meet, including five golds. All of her swims were impressive, including her 800 freestyle gold of 8:22.93, which was just half-a-second off Australia’s Lani Pallister’s Championship Record in the event, and the 4×200 freestyle relay that she anchored in a massive 1:55.54.

One of her most impressive swims, though, was the 400 freestyle, which she won in 4:05.38 to take four hundredths off the meet record of 4:05.42 set by Pallister in 2019. She was out in 2:01.86 at the 200 mark, flipping in 3rd, but she descended her race from there, splitting 30.70 and 30.28 on the final two 50s to move from 3rd to 1st and win the gold medal.

8. Women’s 200 Freestyle Final

This whole race across the board was fast with the top three swimmers all coming in under the former Championship Record in the event and the whole top eight swimming under 2:00.

The top three were each two years apart and were separated by less than a second. The win went to 18-year-old Yang in 1:56.25, taking nearly a second off the Championship Record of 1:57.08 set by Taylor Ruck in 2017. She came in more than five tenths ahead of 2nd place swimmer Rylee Erisman, whose 1:56.76 was a new personal best time by just over half-a-second, dropping from the 1:57.29 she went in June at US Nationals.

The bronze medal went to 14-year-old Alessandra Mao of Italy in 1:57.00, less than three tenths back of Erisman and more than four tenths ahead of the other American Kennedi Dobson. Mao’s swim will make her the 3rd fastest 14-year-old in history, only behind Summer McIntosh, of Canada, and Ai Yanhan, of China. It also shattered the Italian Junior Record of 1:58.02 that was set by legend Federica Pellegrini back in 2004 of 1:58.02.

Mao has dropped exactly six seconds this season, coming into the year at 2:03.00 from August of last year. In April, she dropped to 2:02.77 to break the 14-year-old age group record in the event before taking more than five seconds off that swim last week.

7. Agostina Hein (ARG) 4:34.34 400 IM

Agostina Hein set three different records in the 400 IM final, touching in 4:34.34 to cut more than four seconds off her previous best in the event of 4:38.41 and break the Championship Record, South American Record, and Argentine Record.

Each record was broken by more than two seconds, with the South American and Argentine records being broken by more than three. Georgina Bardach owned both records in 4:37.51 which she swam back in 2004 to win the bronze medal in Athens, Argentina’s only Olympic swimming medal from the last 90 years. The former Championship Record belonged to American Leah Hayes at 4:36.84 from the 2023 World Junior Championships.

6. Carlos D’Ambrosio (Italy) 1:45.15 200 Freestyle

Italian freestyler Carlos D’Ambrosio has broken completely onto the world scene this year, starting with an incredibly impressive World Championships in Singapore, where he first broke the Italian 200 freestyle record, touching in 1:45.23

He had an exceptional meet in Romania, including a new Championship Record in the 200 freestyle. His swim of 1:45.15 was more than a second faster than the previous record of 1:46.18 that was set by David Popovici in 2022, and was also a new Italian record in the event.

He led from start to finish, splitting the fastest time in the field on three of the four 50s to win the event by a second-and-a-half over China’s  Xu Haibo’s 1:46.67.

5. Rylee Erisman (USA) 52.79 100 Freestyle — Championship Record

American Rylee Erisman broke the Championship Record in the 100 freestyle three times over three swims on days two and three of the meet, culminating with a massive 52.79 in the event final to win the gold medal by more than a second.

She started off her record-breaking spree in the prelims of the race on day 2, where she swam 53.17 to demolish the former Championship Record of 53.63 from 2017. She took the record down again in the semifinals when she touched in 53.09 to qualify 1st for the final.

On day three, she took another three tenths off her time to stop the clock in a blistering 52.79 to grab the gold medal, knock the Championship Record under 53 seconds and become the 2nd fastest junior swimmer in history with only Penny Oleksiak coming in ahead of her at the 52.70 she swam to win the Olympic gold in 2016.

Erisman, who turned 16 earlier this year, has two more years to drop a tenth of a second and break the record.

4. Filip Nowacki (GBR) 2:07.32 200 Breaststroke

On day two of the meet, Filip Nowacki upset World Junior Record Holder Shin Ohashi in the 100 breaststroke. He followed that performance up in the 200 breaststroke by winning the gold, upsetting Ohashi again, in 2:07.32, a new European Junior Record and Championship Record.

His time was also faster than the 2:07.41 that China’s Qin Haiyang swam to win the gold medal a few weeks prior at the World Championships, and he was only two hundredths away from the British record in the event of 2:07.30 that has stood since 2014. This swim marked a more than five second drop for the 17-year-old who came into the season at 2:12.74 in the event.

4. World Junior Record 400 Free Relays

There were two individual World Junior Records and two relays set at the 2025 World Junior Championships, and we are going to combine the relays into one swim in this ranking since both were set in the 400 freestyle relay

The first WJR went to the Neutral Athlete ‘B’ delegation for their boys relay of 3:15.38. Mikhail Shcherbakov (49.13), Roman Zhidkov (48.37), Egor Proshin (48.98), and Georgii Zlotnikov (48.90) came together to break the former record of 3:15.49 set by the Americans back in 2023. They won by just under seven tenths over the Italian team that was buoyed by a massive 47.20 split from D’Ambrosio on the anchor leg.

The other WJR went to the United States girls’ 400 free relay team of Rylee Erisman (53.41), Liberty Clark (53.85), Julie Mishler (54.65), and Lily King (53.62) in 3:35.53. They touched almost half-a-second under the former record of 3:36.19 set by Canada in 2017, and they beat the NAB team by more than two seconds.

2. Nikita Sheremet (UKR) 21.75 50 Freestyle (semifinal) — World Junior Record (tie)

Nikita Sheremet, from Ukraine, won the men’s 50 free semifinal in 21.75, tying the World Junior Record  and Championship Record mark set by Michael Andrew back in 2017.

He broke 22 seconds for the first time in the prelims, dropping to 21.82 before cutting another seven hundredths off in the semifinal. This swim makes him the 3rd fastest Ukrainian in history in the event. This swim was made even more impressive by the fact that he has never competed at any senior World-level meet, and the fact that he came into the season at 22.46, marking over a seven tenth drop in a single year in the 50 freestyle, a race that is typically decided by hundredths.

Sheremet will be joining the University of Louisville for the 2025-26 NCAA season as a World Junior Record holder.

1. Jan Malte Grafe (GER) 26.95 50 Breaststroke (prelims) — World Junior Record

Germany’s Jan Malte Grafe set a new World Junior Record in the prelims of the men’s 50 breaststroke, touching in 26.95. This time was two hundredths under the former World Junior Record time of 26.97 set by Italian Olympic Champion Nicolo Martinenghi.

The boys 50 breaststroke field was one of the deepest fields at the meet with four of the top junior breaststrokers in history competing, and it was so deep that Grafe did not go on to win the gold medal in the event, finishing 2nd to Turkey’s Nusrat Allahverdi, who came in at 26.98. Grafe finished with the silver in 26.99.

Read the full story on SwimSwam: Top 10 Swims From the 2025 World Junior Championships

Review of the Delta SkyMiles® Gold American Express Card

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Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

If you fly a few times a year, you know the pain points: baggage fees that add up quickly, boarding last and finding no overhead bin space left, and earning miles at a snail’s pace. That’s where the Delta SkyMiles® Gold American Express Card can really change your travel experience. I’m a believer that if you fly one airline at least a few times per year (or have a favorite airline), you should at least get the airline’s lowest tier credit card as it comes with enough perks to justify the cost and will make your travel experience better.

If you’re a Delta casual flier who wants solid perks with a $0 intro annual fee the first year, then $150, Delta SkyMiles® Gold American Express Card is the card for you. (See rates and fees.)

In this review, we’ll break down the benefits, costs, and potential drawbacks so you can decide if this card is worth adding to your wallet.

[TOC]

What is the Delta SkyMiles Gold American Express Card ?

Delta SkyMiles® Gold American Express Card is Delta’s most basic credit card offering and is for people who want to make their airport and flying experience easier but don’t want to pay a high annual fee. The annual fee for this card is $150 per year but is a $0 intro annual fee the first year.

This card offers:

  • Earn 50,000 Bonus Miles after you spend $2,000 in eligible purchases on your new Card in your first 6 months of Card Membership
  • 2x miles on Delta purchases
  • 2x miles at U.S. supermarkets and at restaurants worldwide
  • 1x miles on all other purchases
  • Free checked bag on Delta flights
  • $200 Delta flight credit after you spend $10,000 in purchases on your Card in a calendar year
  • 15% off Award Travel redemptions on Delta flights
  • Zone 5 Priority Boarding on Delta flights
  • Up to $100 Delta Stays credit
  • 20% back on eligible in-flight purchases savings in the form of statement credits.

Using Your Delta Points

Delta uses dynamic pricing for their rewards. That means that the number of points it takes to book a flight isn’t a set number. Instead, the rate varies based on the cash price of a flight. You can also redeem your points as cash at checkout at the rate of 1 cent per mile but I never find that a good redemption and only rarely ever do that. I only ever do this if I am low on points and don’t have enough to redeem a flight but want to save money off the cash price.

The 15% off on award redemptions makes flights a lot more affordable so be sure to have your card connected to your SkyMiles account. If you are flexible with your dates, you can use their award calendar to see the best points fare as mixing and matching your dates can lead to better deals.

Additionally, Delta offers a lot of award sales so keep an eye out for them. Thrifty Traveler and Point.me are two good websites that can send you alerts. I find Delta miles to be the best for U.S. domestic economy and comfort plus redemptions. Unless there’s a sale, I never book for business or international flights. The redemption value is terrible.

Is the Delta SkyMiles® Gold Worth It?

If you fly Delta two or three times a year and don’t have elite status, the Delta SkyMiles® Gold American Express Card can pay for itself just through the free checked bag benefit as that can save up to $70 on a round-trip per person. For a family of four that’s a potential savings of up to $280 per round-trip flight. Add in priority boarding, the 15% award discount, and occasional statement credits, and you’re getting solid value for a relatively modest annual fee.

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Delta SkyMiles® Gold American Express Card hits a sweet spot for casual-to-regular Delta fliers. The free checked bag alone can offset the annual fee, and the priority boarding and award discount make travel more pleasant and affordable. While it doesn’t offer premium perks like lounge access, it delivers enough value for its price point. If you fly Delta but aren’t ready to commit to a high-fee premium card, this is an easy choice to consider.

 

Stop paying full price for travel!

Download my free guide to points and miles and learn how to use points and miles for free travel! It’s how all the pros travel so much! In this guide, I’ll show you:

  • How to Pick a Credit Card
  • How to Earn Up to 10x Miles on Your Spending
  • How to Redeem Your Points
  • And a Ton of Other Money Saving Tips!
Points and MilesPoints and Miles

Book Your Trip: Logistical Tips and Tricks

Book Your Flight
Find a cheap flight by using Skyscanner. It’s my favorite search engine because it searches websites and airlines around the globe so you always know no stone is being left unturned.

Book Your Accommodation
You can book your hostel with Hostelworld. If you want to stay somewhere other than a hostel, use Booking.com as it consistently returns the cheapest rates for guesthouses and hotels.

Don’t Forget Travel Insurance
Travel insurance will protect you against illness, injury, theft, and cancellations. It’s comprehensive protection in case anything goes wrong. I never go on a trip without it as I’ve had to use it many times in the past. My favorite companies that offer the best service and value are:

Want to Travel for Free?
Travel credit cards allow you to earn points that can be redeemed for free flights and accommodation — all without any extra spending. Check out my guide to picking the right card and my current favorites to get started and see the latest best deals.

Need a Rental Car?
Discover Cars is a budget-friendly international car rental website. No matter where you’re headed, they’ll be able to find the best — and cheapest — rental for your trip!

Need Help Finding Activities for Your Trip?
Get Your Guide is a huge online marketplace where you can find cool walking tours, fun excursions, skip-the-line tickets, private guides, and more.

Ready to Book Your Trip?
Check out my resource page for the best companies to use when you travel. I list all the ones I use when I travel. They are the best in class and you can’t go wrong using them on your trip.

New ProTac Tech Enables Robots to Sense Touch and Proximity

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In order for robots to operate safely around humans, they need to see that people are approaching and they need to know when they make physical contact with those people. A new system allows them to do both, using cameras located inside their arms.

Known as ProTac (Proximity and Tactile sensing), the technology is being developed by Prof. Van Anh Ho, Dr. Quan Khanh Luu and colleagues at the Japan Advanced Institute of Science and Technology (JAIST). It’s been incorporated into a cylindrical robotic arm segment called the ProTac link, although it could also be used in other body parts.

The hollow appendage has a soft, transparent polymer skin, which is covered in a flexible layer of polymer-dispersed liquid crystal (PDLC) material. By applying voltage to the PDLC, it can be quickly switched between transparent and opaque states. On the inside surface of the PDLC is an array of spaced marker dots, which stay opaque at all times.

Two stereoscopic cameras are located inside the arm – one at either end – where they look down the length of the inside of the appendage.

A diagram of the ProTac link

Van Anh Ho from JAIST

When the PDLC is transparent, the computer-vision-enabled cameras are able to see through it and perceive the outside world. If an object such as a person is seen to be closing in, a robot using the ProTak link could either stop moving so as not to hurt that person, or move out of the way to avoid contacting them.

When the PDLC is opaque, the cameras just see the array of dots suspended over a black background. If someone touches the flexible skin, the pressure causes the spacing between the dots to change at that location. Therefore, when the cameras see such deformations taking place, they’re able to determine where the arm is being touched, and with what amount of force.

As an added bonus, ProTac can be set to a “flicker mode” in which the PDLC continuously (and rapidly) switches back and forth between its transparent and opaque states. This allows the system to likewise switch back and forth between proximity- and tactile-sensing, so it can both track moving people and know when they touch the arm.

ProTac could also be used by robots that are designed to lift objects, letting them know how much pressure they're applying
ProTac could also be used by robots that are designed to lift objects, letting them know how much pressure they’re applying

Van Anh Ho from JAIST

“ProTac can be applied to dexterous robotic manipulation in various domains where safety and delicate physical interaction are critical,” says Dr. Luu.

A paper on the research was recently published in the journal IEEE Transactions on Robotics.

T-RO: Vision-based Proximity and Tactile Sensing for Robot Arms: Design, Perception, and Control

Source: JAIST

Protesters in Israel call for ceasefire in Gaza conflict and release of hostages

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new video loaded: Protesters in Israel Demand End of War in Gaza and Release of Hostages

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Protesters in Israel Demand End of War in Gaza and Release of Hostages

Israelis took to the streets to urge the government to take action to free hostages held in Gaza, as the Israeli military pushed ahead with a widening offensive in Gaza City.

Today is a day of resistance here in Israel. The families of the hostages called upon the people of Israel to go out to the street and to demand from the government of Israel to end this war and to bring all our hostages back home.

Recent episodes in Middle East Crisis

Nvidia’s Stock Could See 6% Movement on Earnings Amid AI Growth and China Concerns

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Nvidia’s earnings aren’t just about Nvidia anymore. The $4 trillion chipmaker’s quarterly financials have become a litmus test for the AI boom—and, by extension, for the whole stock market. Constituting 8% of the market cap-weighted in S&P 500 Index and with an unrivaled grip on the chips that power generative AI, Wall Street now treats Nvidia’s results more like a macroeconomic indicator than as a report card on a single company. The earnings announcement has even become a cultural phenomenon complete with watch parties

Investors are bracing for the company’s latest quarterly results due after Wednesday’s market close, with trading in Nvidia options implying expectations that the stock will move 6%, up or down—equal to a $260 billion-dollar change in Nvidia’s market value.

In the three months since the company last gave investors a quarterly update, back in May, Nvidia’s stock has surged 35%. But the tension surrounding what is already the most closely watched earnings event of the season has been ratcheted up by recent jitters over what some worry is a dangerous financial bubble in AI-related stocks. And uncertainty about Nvidia’s China business continues to loom large.

Wall Street analysts are looking for Nvidia’s Q2 revenue to surge 53% year-over-year to $46 billion, at the high end of Nvidia’s guidance, with earnings per share of $1.01. Data center sales, the crux of Nvidia’s business, are expected to come in close to $40 billion. But with Nvidia’s shares having gained so much in recent months, a miss on Wednesday, or cautious guidance tied to China restrictions, could send the stock plummeting.

Nvidia in the U.S.-China crosshairs

Nvidia may remain one of the greatest beneficiaries of the generative AI boom, but a critical part of the company’s business has also become a geopolitical football as the U.S. and China compete for technological dominance. In April, Washington began requiring export licenses for the company’s H20 chips—stripped-down versions of Nvidia’s top-of-the-line AI chips that were specifically designed to comply with the U.S. export controls that took effect in late 2022 and were tightened again in 2023. Those tighter export licenses forced the company to take a $4.5 billion charge in Q1 tied to unsold inventory and purchase commitments.

From there, things only got more complicated for Nvidia’s China business. After Nvidia CEO Jensen Huang visited President Trump in Mar-a-Lago, the White House said it would permit the company to sell H20s after all. Nvidia applied for export licenses but faced extensive delays, thanks to the tougher U.S. stance and Chinese buyers hesitating to commit to purchasing. Then, earlier this month, Nvidia and AMD struck a deal with the Trump administration to grant licenses in exchange for a 15% revenue-sharing arrangement on China chip sales. 

But, as shipments of H20 chips resumed, China began discouraging companies from buying them, expressing concerns that the information Nvidia was asking customers to submit for U.S. government review could contain sensitive information. The Chinese government also reportedly claimed it had found evidence that Nvidia’s chip might contain backdoors that would allow U.S. spy agencies to extract data on how they were being used.  In addition, comments from US Commerce Secretary Howard Lutnick about providing China with Nvidia’s “fourth-best chips” were considered “deeply insulting” by Chinese officials, according to the Financial Times

Finally, last week Huang announced in Taipei that Nvidia has started winding down production of the H20 chip and begun work on a more powerful successor, saying the company was working on offering a “new product for AI data centers,” modified to reduce some of its performance, as required by the United States. He said he was seeking the Trump administration’s approval to sell the chip.

“It’s up to, of course, the United States government,” Huang said. “And we’re in dialogue with them, but it’s too soon to know.”

As a result of all the uncertainty, analysts predict Nvidia will not allude to China revenue in the earnings report. 

“I suspect they will not count, nor forecast China revenue, there’s too much uncertainty involved,” said Karl Freund, founder and principal analyst at Cabrian-AI Research. 

Jack Gold, founder and principal analyst at J.Gold Associates, told Fortune that Nvidia now has two primary groups to please: stockholders and the Trump administration. “They’re caught between a rock and a hard place,” he said. “It’s a really strange situation we’re in now where the government in the U.S. actually has their hands into the pockets, into the wallets of these companies.” 

AI bubble trouble

Beyond geopolitics, Nvidia faces another challenge: growing unease that the AI boom is starting to look like a bubble. This would strike at the heart of Nvidia’s business and its stratospheric valuation—the company trades at more than 40 times its projected earnings—which rely on ever-growing demand for its powerful GPUs. Nvidia’s growth is heavily concentrated in a handful of cloud giants, including Meta, Amazon, Google and Microsoft, as well as highly-funded AI startups like OpenAI. If those companies slow spending, Nvidia could suddenly lose its biggest buyers.

“I do believe that everyone’s concerned about an AI bubble,” said Freund, though he added that those concerns have lasted for three years already. He did not, he emphasized, think it would pop now. “I think there still two to five years of growth left,” he said. 

Gold agreed, saying there were “at least several quarters, if not a couple of years of good profits” for Nvidia, but he cautioned at some point, if the market crashed, that money spent on chips would go away. 

“It concerns me,” he said. “This time, I’m sure the earnings will still be great—[Nvidia is] selling everything they can build at a ridiculously inflated prices, which is fine, if you can get away with that.” But from a broader market perspective, he added, the massive AI data center build-outs “can’t go on forever.”

That’s why, said Freund, Huang is actually working to get investor attention to shift from the data center-centric view to other areas of Nvidia’s business, including its automotive and robotics work: “That’s his game right now, how to get investors to shift to a more holistic view of AI as it moves out of the data center and into the real world.”  

But those investors are likely more interested in the here and now—what tomorrow’s numbers show. Let the watch parties begin.

Trump pledges to implement death penalty for murder cases in Washington, DC | Death Penalty Updates

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United States President Donald Trump has announced his government will seek the death penalty in every murder case that unfolds in Washington, DC, as part of his crackdown on crime in the country’s capital.

Trump made the announcement in the midst of a Labor Day-themed meeting of his cabinet on Tuesday as he discussed a range of issues, from weapons sales to the rising cost of living.

“Anybody murders something in the capital: capital punishment. Capital capital punishment,” Trump said, seeming to relish the wordplay.

“If somebody kills somebody in the capital, Washington, DC, we’re going to be seeking the death penalty. And that’s a very strong preventative, and everybody that’s heard it agrees with it.”

Trump then acknowledged that the policy would likely be controversial, but he pledged to forge onwards.

“I don’t know if we’re ready for it in this country, but we have no choice,” Trump said. “States are gonna have to make their own decision.”

Federal prosecutions in DC

Washington, DC, occupies a unique position in the US. The US Constitution defined the capital as a federal district as opposed to a state or a city within a surrounding state.

Elsewhere in the country, most murder cases are prosecuted by state or local authorities unless they rise to the level of a federal crime.

But in Washington, DC, the US Attorney’s Office – a federal prosecutor’s office under the Department of Justice – prosecutes nearly all violent crimes.

The administration of former President Joe Biden had backed away from the death penalty. Under the Democrat’s leadership, the Justice Department ordered a moratorium that paused capital punishment as it reviewed its policies.

Biden himself campaigned on the promise that he would “eliminate the death penalty”, arguing that more than 160 people who were executed from 1973 to 2020 were later exonerated.

“Because we cannot ensure we get death penalty cases right every time, Biden will work to pass legislation to eliminate the death penalty at the federal level and incentivize states to follow the federal government’s example,” Biden’s team wrote on his 2020 campaign website.

While Biden ultimately did not eliminate the federal death penalty, in one of his final acts as president, he commuted the sentences of 37 of the 40 people on federal death row.

In a statement in December, he anticipated that a second Trump administration would pursue the death penalty for federal cases.

“In good conscience, I cannot stand back and let a new administration resume executions that I halted,” Biden wrote.

A reversal of policy

But when Trump took office for a second term on January 20, one of his first executive orders was to “restore” the death penalty.

“Capital punishment is an essential tool for deterring and punishing those who would commit the most heinous crimes and acts of lethal violence against American citizens,” Trump wrote in the order.

“Our Founders knew well that only capital punishment can bring justice and restore order in response to such evil.”

The Republican leader had campaigned for re-election on a platform that promised a crackdown on crime and immigration, sometimes conflating the two despite evidence that undocumented people commit fewer crimes than US-born citizens.

In the days leading up to his inauguration, Trump doubled down on that pledge, denouncing Biden for his decision to commute the majority of incarcerated people on federal death row.

“As soon as I am inaugurated, I will direct the Justice Department to vigorously pursue the death penalty to protect American families and children from violent rapists, murderers, and monsters,” Trump wrote on his platform Truth Social. “We will be a Nation of Law and Order again!”

Trump has repeatedly pushed for the increased use of the death penalty in the seven months since, including during an address to a joint session of Congress in March.

In that speech, he called on Congress to pass a law to make the death penalty a mandatory sentence for the murder of a law enforcement officer in the US.

During his first term, from 2017 to 2021, Trump gained a reputation for accelerating the use of capital punishment on the federal level.

While federal executions are rare, the first Trump administration conducted 13 of the 16 executions that have taken place since 1976, the year the Supreme Court reinstated the death penalty.

The only other president to carry out capital punishment during that time was a fellow Republican, George W Bush. His administration oversaw three federal executions.

Critics fear a similar uptick in death penalty cases during Trump’s second term.

Public support for capital punishment has been steadily declining over the past decade, according to surveys. The research firm Gallup found that, as of 2024, a narrow majority of Americans – 53 percent – were in favour of the death penalty, down from 63 percent a decade earlier.

A DC crime crackdown?

Trump’s call to apply the death penalty to all murder cases in Washington, DC, coincides with his controversial push to crack down on crime in the capital city.

That comes despite data from the Metropolitan Police Department that show violent crime in the capital hit a 30-year low in 2024, a statistic shared by the Justice Department in a statement in January.

Homicides, it added, were down by 32 percent over the previous year.

But Trump has maintained that crime fell only when he deployed more than 2,000 armed National Guard troops to patrol the city this month.

“Crime in DC was the worst ever in history. And now over the last 13 days, we’ve worked so hard and we’ve taken so many – and there are many left – but we’ve taken so many criminals. Over a thousand,” Trump said at Tuesday’s cabinet meeting.

He also claimed – without evidence – that the local government in Washington, DC, gave “false numbers” in its crime reporting.

“What they did is they issued numbers: ‘It’s the best in 30 years.’ Not the best. It’s the worst. It’s the worst,” Trump said. “And they gave phoney numbers.”

Just a day before, Trump signed an executive order to develop a new unit within the National Guard “to ensure public safety and order in the Nation’s capital”.

But under the Posse Comitatus Act of 1878, the federal government is largely prohibited from using military forces for domestic law enforcement except in cases of disasters or major public emergencies.

Trump has described crime in Washington, DC, as a national emergency although local leaders have disputed that assertion.

At several points during Tuesday’s cabinet meeting, he defended his strong-arm approach to law enforcement as necessary, even if it earns him criticisms for being a “dictator”.

“The line is that I’m a dictator, but I stop crime. So a lot of people say, ‘You know, if that’s the case, I’d rather have a dictator.’ But I’m not a dictator. I just know to stop crime,” Trump said.