Zero Hedge

Nvidia CEO To Sell $800 Million In Stock

Nvidia CEO To Sell $800 Million In Stock

Nvidia CEO Jensen Huang has adopted a Rule 10b5-1 trading plan—disclosed in the chipmaker's 10-Q filing—to sell up to 6 million shares by year-end. The move comes as Nvidia shares trade near record highs, following a solid first-quarter earnings beat and an upbeat outlook. 

CEO Jensen Huang established his trading plan in March, outlining the sale of up to 6 million shares by December 31, 2025. The same filing also revealed that Director Brooke Seawell intends to sell 1.53 million shares under the trading plan expiring July 31, 2025, while CFO Colette Kress plans to sell 500,000 shares by March 24, 2026.

The trading plan was announced with Nvidia's stock trading near all-time highs, following a strong Q1 2025 earnings beat and an optimistic outlook. Rule 10b5-1 plans are designed to allow insiders to sell shares on a predetermined schedule, thereby helping to alleviate concerns over trading on material non-public information. 

Bloomberg data shows Huang's insider activity over the last 5.5 years...

The data also shows that Huang is Nvidia's fifth-largest shareholder, holding about 3.52% of the company's outstanding shares—equivalent to around 859.6 million shares as of mid-March.

Nvidia's solid first-quarter earnings underscore the sustained strength of AI demand, with one U.S. data center financier characterizing the current environment as a "sprint" expected to continue through President Trump's second term.

Tyler Durden Fri, 05/30/2025 - 15:25

Police Arrest Suspects In Murder Of Infowars Journalist

Police Arrest Suspects In Murder Of Infowars Journalist

Authored by Luis Cornelio via HeadlineUSA,

Law enforcement officials have arrested two suspects in connection with the murder of Infowars reporter Jamie White.

The Infowars set. (ThreeSixty Asset Advisors via AP)

The Austin Police Department announced that 17-year-old Rodney Charles Hill, Eloy Adrian Camarillo, and two unidentified 15-year-olds face murder charges after allegedly killing White outside his Austin, Texas, home. Police arrested Camarillo last month.

According to court documents, the suspects were attempting to break into White’s Kia on March 9 when he confronted them and was fatally shot. White was rushed to a nearby hospital but was pronounced dead the following morning.

Detectives said White’s vehicle had a broken window and blood inside, presumably from a cut. Austin police said Kia cars have become frequent targets in Austin due to a flawed security system that makes them easier to steal.

Austin Police Detective Jason Jones said the suspects were tracked through a stolen vehicle they drove to White’s residence. Investigators relied on the car’s data, cellphone signal records and license plate reader scans to locate the suspects, according to KVUE.

“We believe this is a very unfortunate and tragic series of senseless events leading to [White’s death], involving the four individuals who obviously have no value for human life,” Jones said, as quoted by the news outlet.

He added that all individuals believed to be involved are in custody, though the investigation remains ongoing.

White was a rising journalist and well-regarded writer for Infowars. His killing stunned conservative circles, particularly Infowars founder Alex Jones, who shared several social media posts honoring White’s legacy.

Jamie White, such a good friend of mine,” Jones said in a video, while filming White’s desk. “This makes me sick.”

White had previously celebrated his time with Infowars by posting a photo with Jones in 2023, writing, “Nobody is more committed to defeating the New World Order than him.”

Tyler Durden Fri, 05/30/2025 - 15:05

Chaotic Day In US Stocks As Trump & China Trade Headlines Spark Dump'n'Pump

Chaotic Day In US Stocks As Trump & China Trade Headlines Spark Dump'n'Pump

Update (1500ET): If ever there was a day which exposed the markets' sensitivity to China trade policy - it was today as an early rebuke by Trump was followed by threats of new sanctions and then an optimistic tone: “I’m sure that I’ll speak to President Xi and hopefully we’ll work that out,”

*  *  *

Update (1230ET): So much for the TACO trade...

Trump came out swinging early (as we detailed below) and has now followed up with an upper cut as Bloomberg reports, the Trump administration plans to broaden restrictions on China’s tech sector with new regulations to capture subsidiaries of companies under US curbs.

Officials are drafting a rule that would impose US government licensing requirements on transactions with companies that are majority-owned by already-sanctioned firms, according to people familiar with the matter.

The subsidiary rule — which applies a 50% ownership threshold in relation to companies on the Entity List, Military End-User list and Specially Designated Nationals list — could be unveiled as soon as June, said the people, who asked not to be named to discuss private deliberations.

The people emphasized that the contents and timing of the rule and related sanctions are not yet finalized and could still change.

After the rule is published, the US is likely to move forward with new sanctions on major Chinese companies, the people said.

So trade policy uncertainty is about to skyrocket again

The reaction in stocks was immediate... and lower...

NVDA has erased all of its post-earnings gains

*  *  *

Following earlier comments by TsySec Bessent that trade talks with China had "stalled", President Trump took to social media to explain his position:

Two weeks ago China was in grave economic danger!

The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace which is, by far, number one in the World.

We went, in effect, COLD TURKEY with China, and it was devastating for them.

Many factories closed and there was, to put it mildly, "civil unrest."

I saw what was happening and didn’t like it, for them, not for us. I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn’t want to see that happen.

Because of this deal, everything quickly stabilized and China got back to business as usual.

Everybody was happy! That is the good news!!!

The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!

The reaction was swift - US equity futures dumped...

And crude crashed...

So much for 'TACO'! No more Mr Nice Guy does not sound like "chickening out".

Will PCE rescue the markets?

Tyler Durden Fri, 05/30/2025 - 15:00

Who's Programming The AI, Mr. President?

Who's Programming The AI, Mr. President?

Authored by Maureen Steele via American Greatness,

President Trump’s new legislative centerpiece - the One Big Beautiful Bill - has a promising name and some compelling goals: reduce government bloat, streamline agencies, and modernize operations with cutting-edge technology.

But there’s a problem. A big one.

No one will tell us who’s programming the AI.

This sweeping bill includes a 10-year moratorium on any state or local government regulating artificial intelligence. According to The Washington Post and AP, more than 60 existing state-level laws will be overridden if this provision passes. All regulatory authority over AI—including systems that will be used in law enforcement, healthcare, defense, and finance—will be centralized in the federal government for a decade.

Even worse? The bill empowers the Department of Commerce to deploy “commercial AI” across virtually every federal agency—from the IRS to Homeland Security—according to Indian Express and The Verge.

And yet, no one in the White House or Congress has revealed who is writing the AI code, what datasets it’s trained on, whether it can be independently audited, or whether it’s bound by the U.S. Constitution.

This isn’t just a transparency issue. This is a constitutional crisis in the making.

To be clear, President Trump’s instincts here may be sound. We’ve long needed to shrink the federal leviathan and replace unconstitutional bureaucracies with systems that serve the people—not special interests.

But good intentions won’t protect us from unseen programmers, black-box algorithms, and unaccountable automation.

This bill mandates AI integration across government “to improve efficiency and security.” But efficiency isn’t liberty. Security isn’t sovereignty. And no AI—no matter how “smart”—should be allowed to rewrite, ignore, or reinterpret constitutional rights.

According to Business Insider, the AI moratorium’s stated goal is to “foster innovation” and avoid a “fragmented regulatory landscape.” In reality, it strips states of their authority to protect their citizens from deepfakes, algorithmic bias, digital censorship, and mass surveillance.

This is not governance. This is outsourced tyranny, hidden under the guise of modernization.

So let’s ask the question about what happens when AI is weaponized. If the systems being implemented were open source, transparent, built entirely on constitutional jurisprudence, and auditable by the public, we’d be having a very different conversation.

Instead, we’re facing a future where an algorithm may determine whether you’re eligible for services, a machine learning system may flag you as a “threat” based on your social media posts, and a black-box model may deny you a loan, reject your legal challenge, or freeze your bank account.

And you’ll never be told why.

You’ll never meet the person who made the decision—because there won’t be one.

And you won’t be able to sue.

Let’s not forget: AI is only as trustworthy as the data and ideology behind it. Who’s writing the rules? Google? Palantir? A Pentagon contractor? A committee of DEI officers? Are any of them being held to the Constitution?

The bill provides no clarity and no enforceable limits.

Many Americans have noticed that Trump, while visionary and bold, often surrounds himself with personnel who do not share his America First convictions.

Look no further than Susie Wiles—a long-time D.C. insider and lobbyist who acts as a gatekeeper to the former president. She’s known for blocking conservative constitutionalists from delivering vital information to Trump. The concern here is obvious: if Trump is not being properly briefed, then he may be backing legislation that completely contradicts the very values he’s trying to protect.

He’s been misled before, and this bill may be the worst example yet.

If AI is going to be deployed in government, then it must be open source—so the public can verify it—bound to the Constitution, not corporate code; audited regularly by independent, civilian-led review boards; and subject to judicial challenge if it infringes on rights.

Anything less is a betrayal of American sovereignty.

The One Big Beautiful Bill is not a harmless modernization measure. It is a potential gateway to technocratic control, where the power of law enforcement, taxation, and surveillance is handed over to machines we can’t see, question, or hold accountable.

Call your U.S. senators now. Demand: Removal of the AI moratorium. Clear constitutional guardrails and transparency, auditing, and public oversight of all AI code deployed in federal agencies.

Let them know: We are not giving the republic away to an algorithm.

This is the fight. If we lose this one, there may be no one left—human or otherwise—to fight the next.

*  *  *

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden Fri, 05/30/2025 - 13:45

Watch Live: Trump And Musk Hold Press Conference On DOGE Chief's Last Day

Watch Live: Trump And Musk Hold Press Conference On DOGE Chief's Last Day

President Donald Trump and Elon Musk are holding a press conference on Musk's last day as the head of the Department of Government Efficiency (DOGE).

"I am having a Press Conference tomorrow at 1:30 P.M. EST, with Elon Musk, at the Oval Office. This will be his last day, but not really, because he will, always, be with us, helping all the way. Elon is terrific! See you tomorrow at the White House," Trump wrote on Truth Social.

Watch Live:

As the Epoch Times notes further, since Trump took office, Musk has led DOGE with the goal of identifying opportunities for spending and personnel cuts across the federal government amid record national debt. DOGE’s efforts have drawn criticism from Democrats and legal challenges.

Musk announced on May 28 that he planned on leaving the federal government as his 130-day term as a special government employee is ending.

“As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending,” Musk said in a post on the social media platform X.

“The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”

Musk has recently criticized the House-passed One Big Beautiful Bill Act, expressing his concerns over the budget deficit.

While the bill makes sweeping cuts to federal programs like the Supplemental Nutritional Assistance Program (SNAP), also known as food stamps, and Medicaid—specifically through the imposition of more stringent income and work requirements, in addition to an increased financial burden on states to fund the entitlements—some officials have estimated that it could still negatively impact the deficit.

According to the Congressional Budget Office, the legislation could increase the deficit by $3.8 trillion over 10 years—prompting criticism from Musk and other budget hawks.

“I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing,” Musk said during an appearance on “CBS Sunday Morning.” “I think a bill can be big or it can be beautiful, but I don’t know if it can be both.”

Trump has been outspoken in his support of the package, personally working to sway conservative critics. After Musk’s comments, the president said on May 28 “I’m not happy about certain aspects of it, but I’m thrilled by other aspects of it.”

House Speaker Mike Johnson (R-La.) has endorsed the package, saying it would be “jet fuel for the U.S. economy.”

In response to the DOGE-related concerns, White House Deputy Chief of Staff for Policy Stephen Miller said in a post on X that spending cuts recommended by DOGE could only be handled through a rescissions package or appropriations bill.

The White House on May 28 confirmed it would soon send Congress a $9.4 billion request to cut spending, wrapping in several of DOGE’s suggested cuts to the U.S. Agency for International Development.

Tyler Durden Fri, 05/30/2025 - 13:25

Riley Gaines Calls Out Male Pitcher Who Dominated Minnesota Softball State Championship

Riley Gaines Calls Out Male Pitcher Who Dominated Minnesota Softball State Championship

Via American Greatness,

Former collegiate swimmer and conservative political activist Riley Gaines is calling out a male athlete who pretends to be a woman who carried a Minnesota girls high school softball team to a state championship.

A male athlete who goes by the name of “Marissa” Rothenberger, pitched 14 shutout innings in back to back games to defeat the defending state 4A champion softball team.

Gaines had harsh words for Minnesota Governor Tim Walz , calling him “a shameful, sorry excuse for a man” for allowing a male athlete to single handedly dominate a girl’s state championship tournament.

“Seriously, where are the girl’s parents,” Gaines asked as she offered her platform as a way to defend their daughters who were forced to compete against a biological male pretending to be a girl.

Fox News reports that Minnesota Attorney General Keith Ellison is being sued by the Alliance Defending Freedom (ADF) which filed a lawsuit on behalf of the group Female Athletes United and three anonymous female softball players over the controversy.

Alliance Defending Freedom Legal Counsel Suzanne Beecher told Fox News Digital:

By sacrificing protection for female athletes, Minnesota fails to offer girls equal treatment and opportunity, violating Title IX’s provisions. Our client, Female Athletes United, is right to stand up for its members by challenging the state’s discriminatory policy and advocate for true equality in sports.

In response, Ellison’s office released a statement saying, “I believe it is wrong to single out one group of students, who already face higher levels of bullying and harassment, and tell these kids they cannot be on the team because of who they are. I will continue to defend the rights of all students to play sports with their friends and peers.”

The Minnesota State High School League had announced earlier this year that it would openly defy President Trump’s “Keeping Men Out of Women’s Sports” executive order by allowing biological male athletes who are pretending to be girls to continue participating in women’s sports.

Ellison also decided to preemptively sue the Trump administration after it issued the executive order, in order to ensure that male athletes are not prevented from participating in girl’s sports.

Tyler Durden Fri, 05/30/2025 - 13:05

Democrats Pledge Impeachments And Prosecutions When They Return To Power

Democrats Pledge Impeachments And Prosecutions When They Return To Power

Authored by Jonathan Turley,

Various Democrats are promising to investigate and impeach President Donald Trump if they retake the House next year. At the same time, others are promising a scorched earth campaign against those who support Trump, including Elon Musk. Representative Suhas Subramanyam (D-VA) declared this week that Musk committed crimes and will be at the top of the list. 

MSNBC’s ratings may be declining but the network is escalating the unhinged rhetoric. Host Symone Sanders ominously told Rep. Suhas Subramanyam (D-VA) , “Let’s talk about Elon Musk” and his “data” on waste that he identified in the federal government: “So what are Democrats going to do about the data? Are you all going to follow up on this?”

Subramanyam immediately pledged to hunt Musk down:

“… certainly, I think some crimes may have been committed over the past 3 or 4 months, and they are going to come to light one way or another, even if it takes us getting into power again, but we will subpoena people and find out.”

There is no evidence of any criminal conduct by Musk. Indeed, DOGE has largely won in its fights to gain access to records in the search for fraud and waste.

Nevertheless, after calling for Musk to be “taken down,” Democratic rep. Jasmine Crockett (D., Tx.) is also calling for Musk to be investigated over DOGE once Democrats take power.

It is otherworldly to see Democrats raising prosecution threats against the effort to reduce the size and waste of government. One can certainly be critical of some of the cuts under DOGE but few would disagree that Musk helped find billions in waste, including some shocking revelations about the inefficiencies of our government.

A former Obama aide, Rep. Subramanyam just arrived in Congress but has immediately resumed the same failed narrative. The Democrats are an example of how, if you only have a hammer, every problem looks like a nail.

There is a return to the same script from pledges of prosecutions to impeachments.

Rep. Alexandra Ocasio-Cortez has even reimagined the “defund the police” campaign into an “Abolish ICE” campaign.

Resisting immigration enforcement, downsizing government, and other issues are only moving the party further from the center of this country.

The threat only reaffirms my call yesterday for President Trump to award Musk the Presidential Medal of Freedom for his contributions to space exploration, electric vehicles, free speech, and other public service. Elon has lost a fortune in resisting these attacks and threats from the left. This country owes him a great debt.

Tyler Durden Fri, 05/30/2025 - 12:25

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