Flash News

TREE NEWS reports: Among the 11 S&P 500 sectors, information technology closed down 1.7%, consumer discretionary fell 0.45%, telecom rose 0.26% and energy gained 0.96%. The session’s split showed tech and consumer shares under pressure while telecom and energy ended higher.

TREE NEWS reports: The semiconductor ETF fell 2.99% on Friday, November 13, leading declines among US sector ETFs. The technology sector ETF dropped 2.01%, while the global technology index ETF and internet stock index ETF fell as much as 1.67%. The energy sector ETF rose 0.98%.

TREE NEWS reports: US bank deposits increased by $56.5 billion in the week ended last week. The weekly figures track deposit flows at commercial banks across the US banking system.

TREE NEWS update: US President Donald Trump’s AI working group met on Thursday to discuss cyber threats, with the Nvidia incident not on the agenda. The group did not examine the Nvidia matter during the session.

TREE NEWS reports: The Federal Reserve’s semiannual Financial Stability Report, released Friday, found that 87% of survey respondents listed artificial intelligence as a “significant risk” to the financial system, up from 50% in the spring survey and far above the second-ranked risk of an asset-price pullback at 52%. Respondents cited high AI-related equity valuations, cybersecurity risks from frontier AI models and complex AI-linked financing. The report also noted hedge fund leverage is at its highest level since 2013.

TREE NEWS update: The Federal Aviation Administration has issued a nationwide ground stop for all US airports after a communications problem affected every air route traffic control center. US Transportation Secretary said the department will promptly notify the public once there is information on an FAA grounding. The disruption affects air traffic control operations across the country.

TREE NEWS reports: Boston hedge fund Whale Rock Capital Management raised its stakes in Meta Platforms, Twilio, Celestica, SiTime and Datadog and opened new positions in Microsoft, Hewlett Packard Enterprise, Okta, Vicor and Monolithic Power Systems in the third quarter. The firm trimmed holdings in SanDisk, Alphabet, Lam Research, Coherent and AppLovin, and fully exited Astera Labs, Carvana, Western Digital and Apple.

TREE NEWS reports: FTSE China A50 index futures closed the overnight session up 0.01% at 12,831 points. The marginal gain leaves the contract little changed from the prior close, with the move reflecting a flat overnight session for the benchmark tracking China’s largest A-share companies.

TREE NEWS update: U.S. federal banking agencies have extended the public comment period for proposed third-party risk management guidance. The extension gives industry participants additional time to submit feedback on the interagency proposal. No new deadline was specified in the available material. The guidance addresses how banks manage risks from relationships with external service providers.

TREE NEWS reports: AMD shares dropped 9% on Friday as a broad semiconductor rally lost momentum following Nvidia CEO Jensen Huang’s exit. Broadcom and Marvell also declined more than Nvidia, though all three chipmakers still held onto double-digit gains for the week. The pullback marks a pause in a sector-wide advance that had lifted chip stocks sharply.

TREE NEWS update: Coinbase has received final approval from the Office of the Comptroller of the Currency to operate a US trust company, following conditional approval in April. The charter gives the exchange a federal framework for its custody business, though it does not make Coinbase a commercial bank.

TREE NEWS reports: The Federal Aviation Administration’s nationwide ground stop was triggered by a failure in air traffic control communications frequencies, Air Current reported. The order halted flights across the United States. No further details on the scope or duration of the outage were provided.

TREE NEWS reports: Soros Fund Management opened new positions in SK Hynix ADRs and other stocks in the third quarter, while increasing its holdings in Intel and Meta Platforms. The fund also fully exited positions in KKR and ServiceNow during the same period.

TREE NEWS reports: The Nasdaq 100 ETF dropped 0.7% in after-hours US trading, while State Street’s SPDR S&P 500 ETF fell 0.4%. The moves followed a Federal Reserve semi-annual financial stability report warning that AI has pushed asset valuations too high, posing potential risks. Separately, the Federal Aviation Administration ordered a ground stop at all airports until further notice.

TREE NEWS update: S&P affirmed Italy’s long-term sovereign credit rating at BBB+ and its short-term rating at A- on Tuesday, keeping a positive outlook on the country. The affirmation leaves Italy two notches above investment grade on S&P’s scale, with the positive outlook signaling the agency sees scope for an upgrade.

TREE NEWS update: Coinbase has received final approval to open a national trust company in the United States, clearing the last regulatory hurdle for the charter. The approval comes as lawmakers are scrutinizing how crypto trust charters are being granted. The date of the approval was not specified in the material.

TREE NEWS update: The U.S. Federal Aviation Administration ordered a nationwide ground stop on all departing flights due to special circumstances and safety reasons, the agency said. Outbound flights must remain grounded until further notice, while inbound international flights will be handled on a case-by-case basis. No further details on the cause or duration of the halt were provided.

TREE NEWS reports: Payward, the parent company of crypto exchange Kraken, reported adjusted EBITDA of $60 million, down 66% year over year, as slower trading activity weighed on earnings. The decline came even as Payward’s share of global spot trading nearly doubled and its fee-based services expanded.

TREE NEWS reports: The Federal Reserve’s Financial Stability Report warned that asset prices remain elevated and pose risks, with some of the run-up driven by artificial intelligence. The report flagged stretched valuations as a vulnerability for the financial system. It did not specify which asset classes were most affected.

TREE NEWS reports: US stocks closed lower on Thursday, with the Dow down about 0.10%, the S&P 500 down about 0.62% and the Nasdaq down about 1.39%. Among crypto-linked stocks, Robinhood fell 4.49%, Circle dropped 2.95% and Block rose 2.73%. In semiconductors, AMD fell 8.52%, Western Digital lost 5.61% and SanDisk dropped 5.52%, while optical names Coherent and Applied Optoelectronics declined 6.31% and 5.58% respectively.