Flash News

TREE NEWS update: Iraq’s Oil Ministry said it will comply with the OPEC+ production level of 4.31 million barrels per day. Raising the output ceiling requires unanimous OPEC+ agreement, the ministry said, adding that it will keep working to secure an increase next year.

TREE NEWS reports: Sinolink Securities chief strategist and deputy director Mu Yiling said A-share market pressure since mid-to-late September has been driven mainly by heightened external uncertainty, and that valuations of core blue-chip stocks are already at historically low levels. He said growth-oriented large-cap blue chips in particular now offer compelling value.

TREE NEWS update: Bitcoin’s eCash fork has distributed an equivalent balance of ECX tokens to eligible holders, but questions remain over where the tokens can be traded and what holders can do with them. The fork gives eligible Bitcoin holders a matching ECX balance, though trading venues and use cases for the new token are still unclear.

TREE NEWS update: The United States will establish a working group to restrict Iran’s use of land corridors and the Caspian Sea. No further details on the group’s composition, mandate or timing were provided. The move signals heightened US focus on transport routes linked to Iran.

TREE NEWS update: The daughter of Nvidia’s CEO has canceled a planned visit to South Korea, Yonhap reported. No reason was given for the cancellation. Further details of the trip, including its purpose and timing, were not disclosed.

TREE NEWS reports: Berkshire Hathaway said that as of September 30, 65% of the total fair value of its equity investments was concentrated in Alphabet, American Express, Apple, Bank of America and Coca-Cola. The company disclosed the concentration in its equity holdings without giving further breakdown of individual positions.

TREE NEWS update: Berkshire Hathaway’s cash reserves rose from the prior quarter to a record $377.4 billion as of the end of September, the company said. The figure marks a new high for the conglomerate’s cash pile.

TREE NEWS reports: Berkshire Hathaway reported third-quarter operating profit of $12.71 billion, down 5.8% from the same period a year earlier. The figure covers the conglomerate’s insurance, railroad, energy and manufacturing operations for the quarter.

TREE NEWS reports: Bitcoin has declined within 30 days of every Federal Reserve rate hike that followed a one-meeting pause, going 0-for-7 since 2016 with a median drop of 2.4%, a Crypto Briefing study found. The current cycle fits that pattern, with the Fed pausing in October after a September hike and recently or expectedly resuming. The closest historical case, 2018, saw Bitcoin fall 42% between the midterms and the December hike.

TREE NEWS reports: Bank of America rates strategist Ralph Axel warned in a Nov. 5 research note that sustained energy price increases could significantly affect Federal Reserve monetary policy and push up household borrowing costs. If oil prices keep rising over the next three to six months, rates could climb notably as investors demand higher inflation compensation. US two-year swap rates have risen a net 113 basis points on oil-up days from 2026 through Nov. 4, while energy prices are up 20.4% year-on-year.

TREE NEWS reports: Fund advisory portfolios raised their A-share allocations more than any other asset class in October, brokerage data show, as investors bought into market volatility rather than retreating. The low-level buying has continued into November, with capital flowing into some advisory firms’ portfolios despite the swings. A-share assets were the most-added holding in October, and the trend has carried into November.

TREE NEWS reports: Bitcoin’s mining difficulty has stayed below its all-time high of 155.97T, set on Oct. 29, 2025, for 374 consecutive days — the longest such stretch in network history, surpassing the 364-day record after the 2011 crash and the 253 days following China’s 2021 mining ban. Difficulty bottomed at 124.93T in mid-June 2026, about 20% below the peak, and rebounded to 148.36T in October; Mempool.space expects another roughly 3.7% drop around Nov. 13.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said on the 7th that it has lifted range restrictions on its missiles, stating Iran can strike enemy targets at “unexpected locations” in an “asymmetric war.” The announcement was made by an IRGC spokesperson and did not specify which missiles are affected or what new range applies.

TREE NEWS update: A Saudi-led coalition airstrike on the Bani Hashish district east of Sanaa killed 22 people and wounded 30, Houthi forces said on the 7th. A hospital director in the district said the facility had received the casualties, including women and children, as of midday. Warplanes and explosions were heard over the Yemeni capital. Saudi Arabia has not commented.

TREE NEWS update: Tesla CEO Elon Musk said on November 6 that he loves China and highly praised the competitiveness of the country’s automotive industry. Speaking in an interview with investor Ron Baron, Musk called China “amazing” and said traveling there is “deeply inspiring.” The remarks come as Tesla faces intensifying competition from Chinese electric-vehicle makers.

TREE NEWS update: The seventh World Media Summit opened in Beijing on July 7, releasing the Beijing Consensus of the Seventh World Media Summit. The consensus states that delegates recognize artificial intelligence is driving a new round of technological revolution and industrial transformation, profoundly changing production, lifestyles and the global development landscape. Participants pledged to leverage media’s unique strengths to build consensus and advance cooperative actions for global media transformation in the AI era.

TREE NEWS update: The US Treasury’s Office of Foreign Assets Control sanctioned eight Canadian money services businesses over alleged links to Iran’s cryptocurrency activity, freezing their covered assets and generally barring US dealings with them. OFAC also listed six Tron addresses as part of the action. The designations target firms accused of facilitating Iran-linked crypto transactions.

TREE NEWS reports: Eight Chinese banks have announced the redemption of preferred shares totaling 185.5 billion yuan ($25.5 billion) since the start of 2026, exceeding the full-year redemption volume for domestic banks in 2025. The banks are redeeming higher-cost preferred stock and replacing it with lower-rate perpetual bonds as issuance costs fall and large volumes of preferred shares enter their callable windows, industry participants said.

TREE NEWS update: Wondershare Technology said its overseas edition of the AI filmmaking platform, ReelMate AI, has entered public beta, supporting localized production of short dramas and other video content for overseas markets. The company launched the domestic product, Wanxing Juchang, in March, targeting 2D comic-drama creation before expanding into AI live-action shorts, AI advertising dramas and AI films. Annualized ARR from third-quarter data has topped $5 million, with customer repurchase rates above 85%.

TREE NEWS update: A magnitude 5.6 earthquake struck off the coast of Japan’s Ibaraki Prefecture on the 7th. Shaking was felt in the capital, Tokyo. No further details on depth, casualties or damage were immediately provided.