Flash News

TREE NEWS update: Trump has selected his first Democratic nominees for the SEC and CFTC as part of a bipartisan slate of two Republicans and two Democrats, filling commissions that have shaped crypto policy since the collapse of the Clarity Act. The picks would refill the agencies that have driven digital-asset regulation.

TREE NEWS reports: London Metal Exchange copper closed down $189 at $13,399 per tonne, with nickel sliding $241 to $15,985 per tonne and aluminium off $20 at $3,010. Zinc shed $6 to $3,710 and lead gained $8 to $1,894, while tin rose $48 to $46,700 and cobalt was flat at $33,525.

TREE NEWS update: European Commission President Ursula von der Leyen said the EU needs at least €500 billion in investment in the computing sector, with the next European budget set to reflect ambitions in information technology and artificial intelligence. She gave no further details on the funding timeline or sources.

TREE NEWS reports: Bitcoin rose above $69,000 on November 14, trading at $69,009.30 per coin. The move represents a 0.16% gain within the day.

TREE NEWS update: European Council President António Costa said the next EU Council meeting will address Ukraine’s financing needs for next year and beyond. Costa did not specify the amount or timeline for the funding discussion. The EU has been weighing how to sustain support for Ukraine as the war continues.

TREE NEWS reports: Germany’s 2/10-year Bund yield spread briefly turned negative on Nov. 13, dropping to -2.069 basis points at 15:00 before snapping back to around +20 basis points. The 10-year yield rose 3.0 bps to 3.377% and gained 12.2 bps on the week, while the 2-year fell 1.7 bps to 3.126% but added 13.5 bps weekly. The 30-year rose 10.8 bps on the week to 3.740%.

TREE NEWS update: Chinese Foreign Minister Wang Yi held talks with South Korean Foreign Minister Cho Hyun in Beijing on Nov. 13. Wang said China-South Korea relations have returned to a sound track of improvement since President Xi Jinping and President Lee Jae-myung exchanged visits late last year, with bilateral trade hitting a new high this year and personnel exchanges expected to reach 10 million. China is ready to expand cooperation with South Korea in emerging sectors.

TREE NEWS update: The 27 EU leaders have agreed that Germany, France, Italy, Poland, the United Kingdom and EU institutions will represent the bloc in negotiations with the United States, Russia and Ukraine. The decision assigns the negotiating mandate to a six-party group that includes one non-EU state, the UK, alongside four member governments and EU bodies.

TREE NEWS update: Amazon’s first North American union contract has been enforced in Canada. The contract covers workers at the company’s facilities in the country, marking a first for the e-commerce giant on the continent. Further details of the agreement were not provided in the material.

TREE NEWS reports: Nvidia’s board has approached Arm CEO Rene Haas about the possibility of succeeding Jensen Huang as chief executive, people familiar with the matter said. Haas has led SoftBank-owned chip designer Arm since 2022 and previously spent years at Nvidia. Nvidia is currently led by CFO Colette Kress as interim CEO.

TREE NEWS update: San Francisco Fed President Mary Daly said the central bank will likely have to raise interest rates again, reiterating that it is currently difficult to judge whether policy is sufficiently restrictive. Daly did not specify a level or timeline for any further increase.

TREE NEWS reports: Bitcoin has dropped to a 12-week low, falling back near August levels as persistent inflation, growing expectations of another interest-rate hike and ETF withdrawals weigh on prices. The slide has undone most of the cryptocurrency’s summer rally.

TREE NEWS reports: Anthropic CEO Dario Amodei said the company is “very paranoid” about artificial intelligence risk. The comment places the AI developer’s leadership among those publicly emphasizing caution over rapid deployment. No further details or figures were provided in the material.

TREE NEWS update: Cerebras has spent the past year diversifying its data center projects outside the United States, CEO Andrew Feldman said, without disclosing locations or investment figures. He also said Nvidia has “enough excellent talent” to “carry the baton” after CEO Jensen Huang eventually departs. Cerebras is a US AI chipmaker whose waferscale systems compete with Nvidia accelerators.

TREE NEWS update: House Democratic leader Hakeem Jeffries said Democrats will aggressively investigate a “scandal” tied to Nvidia, with the inquiry to be led by Rep. Jim Himes and the Intelligence Committee. Jeffries gave no further detail on the scope of the probe or the specific allegations involved. The remarks were reported without additional context on the timing or targets of the investigation.

TREE NEWS reports: San Francisco Fed President Mary Daly said there is almost no evidence that artificial intelligence is raising labor productivity. Her remarks, reported on the productivity question, push back on the view that AI is already delivering measurable gains in worker output. Daly did not offer a timeline for when such gains might appear.

TREE NEWS update: Federal Reserve Bank of San Francisco President Mary Daly said inflation is the key problem for the US economy. Daly’s remarks place the focus on price pressures as the central challenge facing policymakers, without specifying further details on the policy path.

TREE NEWS update: Alberta’s government will introduce legislation to address liability and abandoned oil well issues and is developing a framework to assess companies’ financial viability, a spokesperson for Energy Minister Brian Jean said. The province is committed to working with landowners, and the framework aims to ensure companies pay landowners, municipal tax authorities and creditors.

TREE NEWS update: Bill Heidecker, chairman of the Alberta Surface Rights Federation, criticized politicians behind efforts to boycott oil development, saying some of them “clearly lack long-term thinking.” The remark, reported by Reuters, targets political opposition to oil development in the Canadian province. Heidecker did not name the politicians involved.

TREE NEWS reports: A landowner advocacy group in Alberta is urging farmers and ranchers to “actively resist” new oil and gas development on their land. The unprecedented move highlights growing tensions between the energy industry and rural residents in Canada’s main energy-producing province. Rising opposition to oil and gas development in the province, a longtime supporter of the oil sector, could challenge Prime Minister Mark Carney’s efforts to boost oil output, build new pipelines and open new markets for Canadian energy.