Things To Do In SW Florida

By KELVIN CHAN, AP Business Writer

LONDON (AP) — China accused Nvidia on Monday of violating the country’s antimonopoly laws and said it would step up scrutiny of the world’s leading chipmaker, escalating tensions with Washington as the two countries held trade talks this week.

Chinese regulators said a preliminary investigation found that Nvidia didn’t comply with conditions imposed when it purchased Mellanox Technologies, a network and data transmission company.

The one-sentence statement from the State Administration for Market Regulation statement did not mention any punishment, but said it would carry out “further investigation.”

An Nvidia spokesperson said, “We comply with the law in all respects. We will continue to cooperate with all relevant government agencies as they evaluate the impact of export controls on competition in the commercial markets.”

Regulators said in December that they were investigating the company for suspected violations stemming from the $6.9 billion acquisition of Mellanox. The deal was completed in 2020 after the Chinese regulator gave conditional approval for Nvidia to buy the Israeli company. read more

By JENNIFER McDERMOTT, Associated Press

Nearly 200 shipping companies said Monday they want the world’s largest maritime nations to adopt regulations that include the first-ever global fee on greenhouse gases to reduce their sector’s emissions.

The Getting to Zero Coalition, an alliance of companies, governments and intergovernmental organizations, is asking member states of the International Maritime Organization to support adopting regulations to transition to green shipping, including the fee, when they meet in London next month. The statement was shared exclusively with The Associated Press in advance.

“Given the significance of the political decision being made, we think it is important that industry voices in favor of this adoption be heard,” Jesse Fahnestock, who leads decarbonization work at the Global Maritime Forum, said Monday. The forum manages the Getting to Zero Coalition.

The Trump administration unequivocally rejects the proposal before the IMO and has threatened to retaliate if nations support it, setting the stage for a fight over the major climate deal. The U.S. considers the proposed regulatory framework “effectively a global carbon tax on Americans levied by an unaccountable U.N. organization,” the U.S. Secretaries of State, Commerce, Energy and Transportation said in a joint statement last month. read more

By KELVIN CHAN, AP Business Writer

LONDON (AP) — The summer holidays are over, and all those great times you had on vacation have been memorialized in hundreds of smartphone photos. Now what?

Some highlights — the prettiest sunset, the best group shots — have been posted on Instagram or shared in the family chat group. But many more will likely languish in your camera roll.

Because smartphones come with increasingly large amounts of file storage, it’s too easy to take photos just because we can. But it’s also real work to go through them all later, so it’s too easy to forget about them.

Here are some quick and easy methods to help deal with the pictures (and videos) overwhelming your phone.

Pick your favorites

There will some shots that will be the most important — standout photos that you want to share with others, or know that you’ll look back on years later, or just keep for reference. Star or heart any photos that fall into this category, which puts them into a folder or album for favorites. read more

President Donald Trump wants to do away with the quarterly earnings report.

In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.

“This will save money, and allow managers to focus on properly running their companies,” Trump wrote.

Trump asked the SEC to examine the three- versus six-month reporting requirement during his first term. No change was made.

Supporters of the change say quarterly reporting is too costly and time-consuming and discourages companies from wanting to go public. They also say company executives focus too much on hitting quarterly earnings targets and not enough on long-term planning.

The Long-Term Stock Exchange has also been calling for a shift in how often companies are required to report financial results. The LTSE, a stock marketplace that advocates for companies to focus on long-term goals and performance, said earlier this month it will file a petition to the SEC to require companies to report earnings results semi-annually, with the option to file quarterly. read more

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Wall Street is rising toward more records on Monday at the start of a week that could show whether the U.S. stock market’s big recent rally has been overdone or prescient.

The S&P 500 rose 0.5% and was on track to top its latest all-time high, which was set last week. The Dow Jones Industrial Average was up 31 points, or 0.1%, as of 12:41 p.m. Eastern time, and the Nasdaq composite was adding 0.9% to its own record.

Tesla helped lead the way and rose 6.1% after Elon Musk bought stock worth roughly $1 billion through a trust. The electric vehicle company’s stock price came into the day with a slight loss for the year so far, and the purchase could be a signal of Musk’s faith in it.

That helped overshadow an early dip for Nvidia after China accused the chip company of violating its antimonopoly laws. Chinese regulators did not mention a punishment for Nvidia in a one-sentence statement on the matter but did say they would carry out “further investigation.” The stock was down more than 1% in early trading, but has since recovered to near break-even. read more