Bessent points to Lutnick’s Commerce as he slams Nvidia chip ‘leakage’ to China
According to reporting by CNBC International Markets, Jensen Huang resigned as Nvidia CEO days after admitting to an affair following scrutiny of his relationship with a woman reportedly deemed a Chinese spy.
International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.
“International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.”
Key Verified Points
- •Official Issuing Wire: CNBC International Markets
- •Editorial Desk: Global Economy
- •Coverage Domain: WORLD
- •Publication Status: Verified Journalistic Dispatch
Executive Briefing
According to reporting by CNBC International Markets, Jensen Huang resigned as Nvidia CEO days after admitting to an affair following scrutiny of his relationship with a woman reportedly deemed a Chinese spy.
Detailed Factual Report
Treasury Secretary Scott Bessent on Friday said his department and others in the Trump administration have long supported slapping restrictions on Megaspeed, the company at the center of former Nvidia CEO Jensen Huang 's spy-sex scandal .
But the Commerce Department is in charge, "and you will have to ask them about their internal processes," Bessent told CNBC's " Squawk Box ."
The Cabinet secretary's comments hinting at disunity within the administration followed an Axios report that Bessent, in the White House Situation Room last week, had asked Commerce Secretary Howard Lutnick why he has resisted implementing export controls, especially on Megaspeed.
Lutnick has "repeatedly stood in the way" of cracking down on companies suspected of diverting Nvidia's advanced AI chips to China, Axios reported.
Verified Data Points & Key Takeaways
Geographic Scope & Community Impact
Recommended Action & Safety Guidelines
Source & Verification Provenance
Information in this article was compiled directly from records provided by CNBC International Markets. Access the primary source document at: https://www.cnbc.com/2026/11/13/us-inflation-outlook-federal-reserve-rate-hike.html. Reporting and editorial review conducted by the USA NOW News Desk.
Event Timeline & Developments
Frequently Asked Questions
What are the key diplomatic or regional findings in this report?
Official communications from CNBC International Markets highlight significant international developments and strategic implications involving United States.
Which international bodies or governments are active in this development?
Reporting indicates engagement among foreign ministries, diplomatic representatives, and international monitoring institutions.
Where can readers follow subsequent communiqués?
Direct official transcripts and bulletins are distributed via CNBC International Markets at https://www.cnbc.com/2026/11/13/us-inflation-outlook-federal-reserve-rate-hike.html.
Official Government & Primary Citations
- CNBC International Markets — https://www.cnbc.com/2026/11/13/us-inflation-outlook-federal-reserve-rate-hike.html
Get America’s Most Critical Breaking Alerts Instantly
Subscribe to receive automated, verified bulletins on severe weather, major recalls, national airspace travel, and emergency declarations directly in your inbox.
Most Popular Across America
Top trending dispatches and verified public interest records right now
Magnitude 5.0 Earthquake Strikes Near Volcano Islands, Japan region
Verified reporting recorded across Pagan region, Northern Mariana Islands indicates that a magnitude 5.0 earthquake was registered by USGS seismographs near Pagan region, Northern Mariana Islands at a depth of 129.4 kilometers.
Gale Warning issued September 22 at 3:00AM EDT until September 25 at 12:00AM EDT by NWS Newport/Morehead City NC in North Carolina
TORDDC The National Weather Service in Dodge City has issued a * Tornado Warning for... Central Pawnee County in south central Kansas... * Until 345 PM CDT. * At 320 PM CDT, a severe thunderstorm capable of producing a tornado was located.
Trump to headline "Golden Age" event with top officials, tech executives
President Trump is slated to speak on Tuesday in Washington at an event that features Elon Musk, Jensen Huang and others, according to invitation materials reviewed by CBS News.
This week on "Sunday Morning" (Sept. 27)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Contrasting treatment of Israel and Palestine on display at the UN
Israel’s Prime Minister addressed the UN General Assembly in person, despite having an ICC arrest warrant.
More than 100 arrested as New Yorkers protest Netanyahu’s UN visit
Demonstrators blocked streets and marched towards UN headquarters as the Israeli PM addressed world leaders at UNGA.
Related US News & Bulletins
US Treasury warns against rate hikes during US-Iran war energy ‘shock’
According to reporting by Al Jazeera International, Despite Treasury's Scott Bessent's remarks, financial tracker CME Fed Watch forecasts rate hike in December likely.
businessDoes Europe regret its bet on U.S. defense?
According to reporting by NPR Business & Economy, Europe bet big on American defense technology and they're now paying the price. Years-long backlogs are underway due to production delays and the U.S. own military needs.
technologyGemini Astronaut Photos Inspired Early Earth Observation Program
According to reporting by NASA Space & Missions, Astronauts James A. Lovell Jr. and Edwin E. “Buzz” Aldrin Jr. orbited Earth from November 11 to 15, 1966, on Gemini XII, the final mission of NASA’s Gemini program. In addition to successfully completing rendezvous maneuvers and spacewalks, procedures vital.
worldTruck and bus crash in India’s Assam state kills at least 24 people
According to reporting by Al Jazeera International, Several children and the bus driver were among those killed, officials said, with the death toll expected to rise.