TREE NEWS update: Anthropic PBC has released a suite of office software ahead of its planned IPO in the United States, positioning the product against offerings from Microsoft and Alphabet’s Google. The company did not disclose pricing or a launch date in the statement. The move comes as Anthropic prepares for a public listing.
TREE NEWS reports: US inflation came in above forecasts in October, increasing expectations of a bigger rate hike in December. The hotter-than-expected reading raises the odds of a half-point Federal Reserve increase and adds pressure on crypto investors.
TREE NEWS update: European Central Bank Executive Board member and Chief Economist Philip Lane said the ECB places great importance on consensus and that adopting a dot plot would make consensus difficult to achieve. Lane also said he would set a high bar for providing directional forward guidance. The remarks concern the ECB’s communication framework rather than a policy decision.
TREE NEWS reports: Microsoft shares dropped 1.8% and touched a fresh session low, extending the stock’s intraday decline. No further details on the move were immediately available. The drop came as the broader market tracked the stock’s slide, with Microsoft hitting its lowest level of the trading day.
TREE NEWS reports: TON Strategy reported $13.1 million in third-quarter revenue, mostly from GRAM staking, alongside a $24 million net loss. The results came as Telegram rolled out its native Gram Wallet.
TREE NEWS update: Russian Deputy Foreign Minister Sergei Ryabkov said it is too early to assess the negotiations currently underway in Abu Dhabi. Ryabkov offered no further details on the status or participants of the talks. No timeline was given for when an assessment might be possible.
TREE NEWS update: UK Prime Minister Burnham’s Labour government will not accept “dynamic alignment” of UK financial services rules with EU regulations, under which Britain would automatically follow EU rules in some areas, UK officials said. Officials have told EU counterparts that dynamic alignment in financial services is a red line they will not cross to preserve the City of London’s independence. The UK financial industry opposes automatic dynamic alignment, arguing it needs UK regulators’ speed, flexibility and agility.
TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said a third oil tanker passed through the Strait of Hormuz on November 10. The IRGC announced the transit without giving further details on the vessel or its cargo. The strait is a key chokepoint for global oil shipments.
TREE NEWS update: Oura reported fourth-quarter sales of $533 million, up 153%, and full-year fiscal 2026 revenue of about $1.75 billion, a 92% increase. The company also said it will acquire AI doctor startup Counsel Health for $625 million.
TREE NEWS update: Shield AI has named Matt Ofilos as its chief financial officer. The appointment places Ofilos in charge of the company’s financial operations. Shield AI did not disclose further terms of the appointment or the date it takes effect.
TREE NEWS reports: Nvidia (NVDA.O) extended its decline to 6.72%, with its market capitalization dropping to about $4.02 trillion. The drop allowed Microsoft (MSFT.O) to overtake Nvidia with a market value of roughly $4.03 trillion, marking the first time Microsoft’s market cap has exceeded Nvidia’s since June 2025.
TREE NEWS reports: Polymarket’s US exchange saw trading volume surge 266% from June to October, driven by sports betting, even as the platform faces mounting regulatory scrutiny. The volume jump underscores growing demand for prediction markets in the US despite ongoing legal and regulatory challenges for the sector.
TREE NEWS update: AMD said its sixth-generation EPYC SP7 processors, built on the Zen 6 architecture, are now broadly available. The announcement marks the general-availability launch of the server chips. AMD did not disclose pricing, core counts or performance figures in the statement.
TREE NEWS reports: International copper fell 1.41% in overnight trading, with Shanghai copper down 1.29% and Shanghai aluminum sliding 2.74%, the steepest decline among the main base metals. Shanghai zinc lost 0.44%, lead 0.72%, nickel 1.29% and tin 0.29%. Alumina dropped 1.17%, aluminum alloy 3.3% and stainless steel 0.54%.
TREE NEWS reports: The U.S. Energy Information Administration lifted its 2026 Brent crude price forecast to $97 a barrel from $96 in its latest Short-Term Energy Outlook, and raised the 2027 estimate to $86 from $84. The agency kept its U.S. oil production forecasts unchanged at 13.9 million barrels per day for 2026 and 14.3 million bpd for 2027.
TREE NEWS reports: The US Department of Agriculture now expects US cotton ending stocks of 3.7 million bales, down from its previous forecast of 3.8 million bales. The new figure came in above the 3.62 million bales analysts had expected. The USDA released the revised estimate in its latest supply and demand update.
TREE NEWS update: Anthropic’s seven co-founders plan to sell a combined $1.75 billion of stock in the company’s IPO next week, or about $250 million each at the midpoint of the offering range. The sales represent roughly 1.5% of each co-founder’s total stake, and at that valuation each would hold a net worth of about $18 billion. Co-founders Dario and Daniela Amodei also took part in tender offers in June 2025 and April 2026.
TREE NEWS reports: Chile’s Escondida copper mine produced 93,800 tonnes in September, down 20.9% year-on-year. Output at the Collahuasi mine also fell, dropping 19.2% to 30,700 tonnes over the same month. The figures cover September production at two of Chile’s largest copper operations.
TREE NEWS reports: French 10-year government bond yields rose 7 basis points to 4.807% in late European trading on Tuesday, November 10, after opening lower. Italy’s 10-year yield climbed 6.9 basis points to 4.376%, extending gains since the release of U.S. CPI data, while Spanish and Greek 10-year yields each rose about 7 basis points to 3.891%.
TREE NEWS update: Anthropic PBC’s seven co-founders will collectively sell $1.75 billion of stock in the company’s initial public offering. At the midpoint of the IPO price range, each co-founder plans to sell about $250 million, leaving each with an estimated net worth of roughly $18 billion. The San Francisco-based company seeks to raise up to $90.4 billion through the offering and a private placement at a valuation of about $1.4 trillion; the IPO is set to price Nov. 18 and begin trading the next day.