Elon Musk warns of impact of record silver prices before China limits exports

A surge in the price of silver to record highs this month has prompted a warning from Elon Musk that manufacturers could suffer the consequences.Silver has risen sharply during December, part of a precious metals rally that also pushed gold and platinum to record levels on Boxing Day.Analysts have attributed the jump in prices to expectations of US interest rate cuts by the Federal Reserve in 2026, leading to increased demand for hard assets that protect against inflation and currency debasement.New restrictions on silver exports from China, which begin on 1 January, have created supply fears while geopolitical worries have lifted demand for safe-haven assets.Silver hit $79 (£58) an ounce for the first time last Friday, a new peak, up from $56 at the start of December, and just $29 an ounce at the start of 2025

AI is coming for young people’s office jobs. That’s good news for the construction industry | Gene Marks

While standing on the sideline watching a high school soccer game, my friend, who owned a small and successful construction company, complained that his son – a senior – was starting at a respected local university that fall, which would cost roughly $200,000 over the next four years.“I could take the same money and set him up in a contracting business,” he said. “It would be a much better investment.”That was in 2010. The kid did go to that college and graduated four years later with a degree in history

Louis Gerstner, man credited with turning around IBM, dies aged 83

Louis Gerstner, the businessman credited with turning around IBM, has died aged 83, the company announced on Sunday.Gerstner was chair and CEO of IBM from 1993 to 2002, a time when the company was struggling for relevance in the face of competition from rivals such as Microsoft and Sun Microsystems.After becoming the first outsider to run the company, Gerstner abandoned a plan to split IBM, which was known as Big Blue, into a number of autonomous “Baby Blues” that would have focused on specific product areas such as processors or software.IBM’s current chair and CEO, Arvind Krishna, told staff in an email on Sunday that this decision was key to the company’s survival because “Lou understood that clients didn’t want fragmented technology, they wanted integrated solutions.”“Lou arrived at IBM at a moment when the company’s future was genuinely uncertain,” he wrote

Nvidia insists it isn’t Enron, but its AI deals are testing investor faith

Nvidia is, in crucial ways, nothing like Enron – the Houston energy giant that imploded through multibillion-dollar accounting fraud in 2001. Nor is it similar to companies such as Lucent or Worldcom that folded during the dotcom bubble.But the fact that it needs to reiterate this to its investors is less than ideal.Now worth more than $4tn (£3tn), Nvidia makes the specialised technology that powers the world’s AI surge: silicon chips and software packages that train and host systems such as ChatGPT. Its products fill datacentres from Norway to New Jersey

Bills v Eagles, Raiders v Giants and Browns shatter Steelers and more: NFL week 17 – live

Bills 0-13 Eagles 11:02, 4th quarterAnother punt in the monsoon bowl, this time for the Eagles, brings up the 12th of the game. Not one for the neutrals this. The complete drive chart this half reads: Punt, Punt, Punt, Punt, Downs, Punt, Punt, Punt.Sexy.(2-14) Las Vegas Raiders 10-34 New York Giants (3-13)So the Raiders look very likely to have the top pick now in next year’s draft

Humphries given almighty scare by Clemens magic at PDC World Championship

Everyone says they want a good solid test at this stage of the tournament. Keep the skills sharp, keep the mind keen. But how big a test? How tough? How many beats per minute? How much spinal fluid do you want to shed? How close do you really want to get to smelling the paint on the exit door?Luke Humphries reckons he got it about right here, and for now we will have to take his word for it. But the outpouring of emotion we saw at the conclusion of his 4-2 win over Gabriel Clemens was a measure of just how thoroughly the 2024 world champion had been rattled by a man whose game had basically been in hibernation for the past three years.It was in 2023 that Clemens unexpectedly reached the semi-finals, catalysing a revolution in German darts in which everyone assumed he would play a leading part