TREE NEWS update: Goldman Sachs CEO David Solomon said he remains optimistic that investment in US data centers and computing capacity will stay at a significant scale. The remark points to continued large-scale capital spending on AI-related infrastructure in the United States.
TREE NEWS update: Formation Securities plans to launch a Solana-based venue in early 2027 for tokenized shares of Galaxy and Exodus, operating under the SEC’s Innovation Exemption, which allows it to run without registering as an exchange. The venue will be powered by Orca. The tokenized shares are expected to trade on the Solana blockchain.
TREE NEWS update: Chinese Vice Premier He Lifeng, Canada’s Finance Minister François-Philippe Champagne and International Trade Minister Maninder Sidhu co-chaired the second China-Canada Economic and Financial Strategic Dialogue in Vancouver on June 9. He said the two sides reached a series of mutually beneficial outcomes and consensus, and the three officials also attended a China-Canada business roundtable. The dialogue was a step to implement the leaders’ consensus and deepen cooperation in trade, finance and investment.
TREE NEWS update: EU foreign policy chief Kaja Kallas said she does not hold high expectations for the Abu Dhabi talks and that clear concessions from Russia are needed. The remarks set a cautious tone for the negotiations, with Brussels pressing for concrete movement from Moscow.
TREE NEWS reports: The Euro Stoxx 50 index rose 2.0% during the session to 6,293.76 points. The gain marks an intraday move of that magnitude for the eurozone blue-chip benchmark.
TREE NEWS update: An East-West oil pipeline in the Medina region was attacked, a Saudi Energy Ministry source said. The fire has been extinguished with no casualties, and pipeline operations were not affected.
TREE NEWS update: Honda Motor will invest $3 billion in its Ohio new-vehicle assembly plant, the company said. The investment targets the automaker’s U.S. manufacturing footprint in the state. No timeline or production details were disclosed.
TREE NEWS update: The U.S. Food and Drug Administration has required makers of blockbuster GLP-1 drugs including Ozempic and Zepbound to add a warning about a potential rare risk of blindness. FDA data show about 6 cases of non-arteritic anterior ischemic optic neuropathy (NAION) per 100,000 people taking the drugs each year. The eye condition can cause permanent vision loss.
TREE NEWS update: Paris prosecutors have opened an investigation into entities linked to Iran’s Shahid Kaveh organization over the alleged hacking of supermarket refrigeration equipment. The probe found that the attack bore the hallmarks of Shahid Kaveh, with Persian-language use and IP addresses pointing to devices located in Iran. The hacking campaign is suspected of serving a foreign power, in this case Iran.
TREE NEWS reports: StoneX initiated coverage of Bullish with a Buy rating and a $42 price target, implying roughly 97% upside from current levels. The call comes as the crypto exchange’s $4.2 billion Equiniti deal is seen opening up the tokenization market.
TREE NEWS update: Russia said the talks scheduled for November 10-11 in Abu Dhabi will be trilateral only, involving the United States, Russia and Ukraine, rejecting France’s claim that Europe would take part. Kremlin spokesman Dmitry Peskov said on November 9 that the meeting is being held under US mediation and that European countries have channels to communicate with Washington and Kyiv. French Foreign Minister Jean-Noël Barrot had said on November 8 that Europe would attend.
TREE NEWS update: PNC Bank is piloting USDC payment acceptance for corporate and institutional clients under an expanded partnership with Coinbase. The move extends the bank’s existing relationship with the crypto exchange into stablecoin settlement for business customers. Neither the timeline nor the scope of the pilot was disclosed.
TREE NEWS reports: The Federal Reserve reported that US one-year inflation expectations stood at 3.91% in October, up slightly from 3.90% in the prior reading. The marginal increase leaves the short-term inflation outlook essentially unchanged month over month.
TREE NEWS reports: US natural gas demand for liquefied natural gas production reached a record 20.4 billion cubic feet on Monday, as export plants ran at or near full capacity. Cheniere Energy’s Sabine Pass facility consumed about 5 bcfd, nearly a quarter of total feedgas, while Venture Global’s Plaquemines plant used roughly 4.2 bcfd. November average feedgas demand also set a record at 18.9 bcfd.
TREE NEWS update: Ava Labs said Avalanche will record and settle trades for the clearing firm behind NYSE’s planned tokenized stock venue. The clearing firm was not named. Dennis Lee of NYSE said in the release that listed equities can come from several chains. The arrangement gives the Avalanche blockchain a settlement role in the exchange operator’s tokenized-equity effort.
TREE NEWS reports: Launderers behind the Binance hack are minting homemade memecoins themed on Elon Musk and animals to move stolen funds, Elliptic said. The extra token swaps are designed to slow investigators down, but the stolen funds remain traceable onchain, the blockchain analytics firm added.
TREE NEWS reports: French officials suspect Iran was behind a hack of refrigerators in October. The incident, which involved compromised smart appliances, is being attributed to Iranian actors by French authorities. No further details on the scale or impact of the hack were provided.
TREE NEWS reports: The Nasdaq 100 extended its gain to 3% on Monday, led by Astera Labs up 13%, Lumentum up 12.4% and Monolithic Power Systems up 11.3%, while Rocket Lab and AMD each climbed more than 10%. The semiconductor index rose 6.1%, the S&P 500 gained 2.1% and the Dow added 891 points, or 1.7%. Nvidia fell 4.2%, PDD dropped 2.3% and Thomson Reuters slipped 2.4%.
TREE NEWS update: Ava Labs said Avalanche will serve as the “core ledger technology” for the clearing firm behind the NYSE-affiliated venue planning to bring 24/7 trading, clearing and settlement of tokenized securities onchain. The platform aims to move tokenized stock trading and settlement onto a blockchain ledger.
TREE NEWS reports: The S&P 500 briefly rose more than 2% on Wednesday, marking its largest intraday gain in three months. The Dow Jones Industrial Average climbed 828 points, or 1.6%, while the Nasdaq gained over 2.5% and the Nasdaq 100 added 2.9%. The semiconductor index surged 5.7% and the bank index rose 2.3%.