Flash News

TREE NEWS reports: LME copper closed up $128 at $13,896 per metric ton, while aluminum gained $4 to $3,066 and zinc added $20 to $3,731. Nickel fell $128 to $16,225, tin slipped $28 to $46,439, and lead held flat at $1,886 with cobalt unchanged at $33,525.

TREE NEWS update: Meta released Muse Ember, its smallest and most efficient model designed for complex reasoning execution, available now on the Meta Model API. Input tokens are priced at $0.10 per million and output tokens at $0.50 per million. The launch positions the model as a low-cost option for reasoning-heavy tasks.

TREE NEWS update: PNC Bank is testing a pilot that lets eligible corporate and institutional clients accept USDC on Ethereum, with each token converted to one US dollar before deposit. The program converts the stablecoin into fiat at a one-to-one rate prior to crediting the deposit. PNC did not disclose a launch date or the number of clients involved.

TREE NEWS update: Bank of England Governor Andrew Bailey said there is no longer room to assume that supply shocks will subside on their own, warning that fading memories of the financial crisis are increasing pressure to loosen regulation. Bailey’s remarks signal heightened concern over persistent supply-side disruptions and the risk that lighter oversight could build as crisis experience fades.

TREE NEWS reports: KraneShares CSI China Internet ETF (KWEB), the second-largest US-listed China fund, took in $114.5 million last week, its largest weekly inflow since US President Trump’s visit to China in May. US-listed China ETFs have collectively attracted $62.4 billion year to date.

TREE NEWS update: CNH Industrial NV is investing $50 million to modernize its Racine tractor plant, adding automated robots to assist workers as part of a $5 billion R&D commitment through 2030. The company has slowed tractor production at the facility amid a multi-year slump in U.S. agriculture, with each tractor now taking about five days to roll off the line. CEO Gerrit Marx said the downturn positions the company to be ready when demand recovers. Shares maintained gains of more than 13%.

TREE NEWS update: Amazon’s Leo project will launch 40 satellites into low Earth orbit on its first Vulcan rocket mission, “Leo Vulcan 1,” the largest single payload the project has sent to orbit to date. Vulcan 1 is scheduled to lift off from Cape Canaveral, Florida, on November 13.

TREE NEWS update: Saved command approvals in Anthropic’s Claude Code can retain passwords and tokens, with 1,379 secrets exposed on GitHub, the Claude Code team said. The team is exploring safeguards, including built-in secret scanning, to prevent credentials from being stored in approval files. The exposure stems from the way approved commands are persisted.

TREE NEWS update: Skild AI has open-sourced Steel, an Apache-licensed physics solver for robot training that runs inside the Newton simulator. The company reports the solver reaches up to 13 times the simulation throughput of PhysX in mixed-task tests. The release gives robotics developers a faster open tool for training robot policies in simulation.

TREE NEWS update: Boeing will cut 5% of the workforce at its commercial airplane business, the company said. The reduction targets the unit that builds the 737 MAX and 787 and marks a fresh round of job losses at the planemaker. No figure for the number of affected employees was given.

TREE NEWS update: Federal Reserve’s Barkin said there is a risk that businesses will pass higher energy costs on to consumers. The comment, made in a single-line statement, flags a potential inflation pressure point as energy prices rise, without specifying a timeframe or the magnitude of the expected pass-through.

TREE NEWS update: Bank of England Governor Andrew Bailey said frontier artificial intelligence increases the risk of cyber attacks and requires broader testing before and after model releases. Bailey also said AI returns could be strong but markets may be overvaluing the technology, or the payback may take longer than expected. He added that AI and investment are showing early signs of a positive supply shock, while an AI asset-price bubble poses a clear financial stability risk.

TREE NEWS update: The U.S. National Highway Traffic Safety Administration has opened a recall investigation into 2,895 Waymo vehicles operated by Alphabet’s autonomous driving unit, citing persistent traffic safety violations in the vehicles’ behavior around school buses. The probe will determine whether a software fix Waymo rolled out late last year failed to stop its driverless cars from passing school buses with flashing red lights, since most violations occurred after the company said the fix was fully deployed.

TREE NEWS update: PNC Bank has begun a pilot allowing corporate clients to accept USDC payments, with Coinbase handling the stablecoin side. USDC sent to participating business clients is swapped one-to-one for dollars and deposited into a PNC account. The program gives PNC’s business customers a way to receive stablecoin payments settled in fiat.

TREE NEWS reports: Germany’s two-year government bond yield rose 2 basis points to 3.011% on Monday, trading between 2.966% and 3.024% during the session, as investors weighed equity market gains against falling oil prices. The 10-year Bund yield edged up 0.9 basis points to 3.264%, while the 30-year yield added 0.4 basis points to 3.636%. The 2/10-year spread narrowed by 1.044 basis points to +24.927 basis points.

TREE NEWS update: Ethereum co-founder Vitalik Buterin has moved away from the ‘ultrasound money’ narrative, arguing that ETH’s value comes from stability rather than fee burns. He cited the network’s decentralization, censorship resistance and security as the sources of its worth. The comments mark a shift in how Buterin frames the economic value of ether.

TREE NEWS update: An oil tanker caught fire about 8 nautical miles northwest of Oman’s Hasab on November 7 at 19:20 local time, forcing the crew to evacuate, the UK Maritime Trade Operations office said on November 9, citing military reports. The office described the incident as a maritime security event.

TREE NEWS update: Google has expanded its eighth-generation TPU lineup with new confidential and long-context systems, including the TPU 8i Max, which combines two 8i chips in a single package. The company’s product page lists all four eighth-generation systems as “coming soon,” indicating they are not yet generally available. No pricing or launch dates were disclosed.