Flash News

TREE NEWS reports: Nvidia closed down 2% and lost 12.7% over the week, marking its sixth consecutive weekly decline. The chipmaker’s shares extended a sustained slide, with the weekly drop the latest in a six-week losing streak.

TREE NEWS update: Nvidia’s board said in a Friday statement that it is still selecting a headhunting firm to help find a CEO and has not formally approached any potential candidates, calling speculation premature. The statement follows a Financial Times report that Nvidia had contacted Arm CEO Rene Haas about succeeding Jensen Huang. CFO Colette Kress is serving as interim CEO following Huang’s departure.

TREE NEWS reports: The S&P 500 rose 2.3% for the week, the Dow gained 2.1% and the Nasdaq 100 climbed 3.7%, while the Philadelphia Semiconductor Index jumped 8.3% and the memory-chip index surged 10.2%. On Friday, the S&P 500 fell 0.4% and the Nasdaq 100 dropped 1.2%, with Nebius down 10% and AMD, CoreWeave, Cisco and SanDisk each losing at least 5.2%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed up 0.8% on the day but fell 5.5% over the week. Among popular Chinese ADRs, Lenovo’s ADR dropped 6.1%, while Xiaomi, BYD and ASE Technology each fell at least about 2%; Tencent lost 0.8% and Alibaba 0.1%. Baidu gained 0.6%, New Oriental 1.5%, Pinduoduo 1.8% and Yum China 3.1%. The CQQQ ETF closed down 1.9%, while KWEB was flat.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps Navy said early on the 14th local time that two oil tankers struck mines and caught fire in the Strait of Hormuz after they tried to transit routes not authorized by Iran with radar and positioning systems switched off. The IRGC Navy warned that passing the strait without its coordination and ignoring Iran’s rules for the waterway could lead to such consequences.

TREE NEWS update: US military personnel at Royal Air Force Lakenheath in Suffolk, England, were briefly ordered to shelter in place on the evening of Nov. 13 after suspected unauthorized drone activity over the base. A US Air Force spokesperson said security forces responded to the drones and that no personnel, aircraft or infrastructure were affected. The US military is working with UK authorities; the number and origin of the drones were not disclosed.

TREE NEWS update: Coinbase’s trust company received final regulatory clearance to operate, even as US senators are seeking records from crypto firms on compliance practices and potential conflicts of interest. The approval advances the exchange’s push into regulated trust services while lawmakers intensify scrutiny of the sector.

TREE NEWS update: CFTC Chairman Michael Selig said Friday the agency plans a comprehensive overhaul of US aluminum pricing mechanisms and will examine whether new contracts can improve market transparency. Selig said he has directed the agency’s global markets team to review pricing mechanisms and develop concrete reforms to protect US markets and manufacturers. LME aluminum has risen above $3,700 a ton, a four-year high, amid supply shortages tied to the Middle East war, pushing total costs for US consumers above $6,000 a ton.

TREE NEWS reports: Chinese data center projects worth $3.2 billion are still being designed around Nvidia processors that Washington restricts from export to China, even as Beijing pushes domestic alternatives. The pipeline figure reflects projects that have not yet swapped out the restricted chips in their specifications.

TREE NEWS reports: The London Metal Exchange tin cash price surged on Friday, trading at a $670 per tonne premium to the benchmark three-month contract as buyers face supply constraints. The jump pushed the cash-to-three-month spread to its widest since the previous large squeeze in 2023, though it remains small compared with the unprecedented year-long backwardation seen in 2021, one of the longest in modern commodities history.

TREE NEWS update: Poland intends to freeze household natural gas prices at their 2026 levels through 2027. The measure would extend price controls for residential consumers into the following year. No further details on the scope or cost of the freeze were provided in the draft.

TREE NEWS update: Solana said on X that Solana Confidential Compute has entered its testing phase. The announcement gives no further details on the feature’s scope, timeline or availability. Confidential Compute is aimed at bringing privacy-preserving computation to the Solana network.

TREE NEWS update: The U.S. Department of Justice and the Commodity Futures Trading Commission have filed for an injunction, warning that enforcement action by the state of Arkansas could result in penalties reaching hundreds of millions of dollars. The two federal agencies disclosed the filing without specifying the target of the Arkansas action or the exact penalty figure. The request asks a court to block the state enforcement while the federal matter proceeds.

TREE NEWS update: US Democratic lawmaker Elizabeth Warren called on General Motors to scrap its $20 billion stock buyback plan. The demand targets the automaker’s capital-return program, which Warren opposes. GM has not publicly responded to the call.

TREE NEWS reports: The ICE US Dollar Index rose 0.25% to 103.423 in late New York trading on Friday, November 13, bringing its weekly gain to 1.10%. The index traded between 101.488 and 103.425 over the week. The Bloomberg Dollar Index added 0.12% to 1235.91, up 0.68% for the week, within a range of 1219.37 to 1236.18.

TREE NEWS reports: Meta employees are internally testing a prediction market app called Takes, where users bet on questions and event outcomes using “cred” reputation points rather than real money. Unlike Kalshi and Polymarket, the app does not support real-money wagering. Meta typically runs internal tests before a product’s public release.

TREE NEWS update: Nvidia is in the process of selecting a headhunting firm to search for a new chief executive, a company spokesperson said. The company has not yet formally approached any potential candidates. No timeline for the CEO search was disclosed.

TREE NEWS reports: Harvest Fund increased its Nvidia position in the third quarter, raising the stock’s share of its assets to 7.1%. The firm also added Intel, Amazon, Microsoft, Broadcom, AMD, Alphabet and Micron, opened a long position in SpaceX, and trimmed Meta and Apple. Among China ADRs it added Alibaba, Yum China, Vipshop, Tencent Music and Qifu Technology, exited KE Holdings and GDS, and cut New Oriental, TAL and PDD.

TREE NEWS reports: Latin American assets traded mixed, with the MSCI Latin American currency index down 0.1% and headed for a third straight weekly decline, while the regional stock index rose 0.54%. The Chilean peso weakened to 1,003.06 per dollar, its lowest since April 2025, before recovering, and the country’s 2042 and 2054 dollar bonds each fell about 1 cent. Mexico’s peso rose 0.33% as its benchmark stock index fell 0.8%, Peru’s sol gained 0.1% and Brazil’s real fell 0.24% near a 17-month low.

TREE NEWS reports: JPMorgan’s Q3 13F filing shows roughly $981 million in Bitcoin ETFs, Strategy and Coinbase holdings. Counting Robinhood and miners, the bank’s crypto-linked exposure likely exceeds $1 billion. The disclosure places JPMorgan among the largest institutional holders of Bitcoin ETF products.