TREE NEWS reports: Tiger Global Management’s hedge fund fell 8.5% in October, erasing its year-to-date gain, as AI investment concerns triggered a tech selloff. Whale Rock Capital Management’s flagship fund dropped about 8%, trimming its 2026 gain to roughly 34%, while Dan Sundheim’s D1 Capital Partners fell 4.4% and Atreides Management’s $3.4 billion flagship lost 9.5%. The declines stemmed from a tech-stock rout driven by worries over AI financing.
TREE NEWS reports: Canada’s unemployment rate rose to 6.7% in October and employment fell by 4,700, the third straight monthly decline, pushing the Canadian dollar down 0.7% and toward a weekly loss of as much as 1.1% — its worst since late September. The loonie’s slide was reinforced by strong U.S. October jobs data, which bolstered bets on a Federal Reserve rate hike next month. CIBC FX strategy head Sarah Ying said the report is clearly bearish for the currency, with USD/CAD risks skewed higher.
TREE NEWS reports: Savers locked out of Ueno Bank burned their cards and booed a former presidential candidate out of the crowd as protests intensified and Congress moved toward removing President Peña. The demonstrations come as an impeachment vote approaches, with depositors demanding access to their funds.
TREE NEWS reports: JPMorgan strategists including Anezka Christovova and Tania Escobedo downgraded their view on emerging-market currencies from overweight to neutral, citing heightened global uncertainty. The move marks a more cautious stance on the asset class at the US bank.
TREE NEWS update: US President Donald Trump announced on social media on the 6th that Deputy White House Chief of Staff Stephen Miller will take over as White House Chief of Staff on the 9th. Miller, a longtime Trump adviser, moves into the top staff role at the White House. No further details were immediately provided.
TREE NEWS reports: Brookfield Asset Management raised $25 billion in the third quarter, driven mainly by its credit and infrastructure businesses, as the asset manager positions itself as a key financier of AI infrastructure. Distributable earnings rose 15% to $763 million, or 47 cents per share, while fee-bearing capital climbed 13% year on year to $682 billion. The firm has agreed to co-develop and operate a data center in the UK and plans to invest up to $9 billion with Nvidia and Naver in AI computing infrastructure in South Korea.
TREE NEWS update: Brazil approved its first list of 27 critical and strategic minerals at the inaugural meeting of the National Industrialization Committee on Critical and Strategic Minerals (CIMCE) on Thursday, with President Luiz Inácio Lula da Silva in attendance. The list is part of a new national policy aimed at attracting investment and expanding domestic processing capacity to meet growing demand from Western countries seeking to reduce dependence on China. The government aims to build more processing and manufacturing capacity locally rather than exporting mainly raw materials.
TREE NEWS reports: The onshore yuan closed at 6.6763 per dollar at 03:00 Beijing time, down 83 pips from the previous Thursday night session close. Trading volume for the session totaled $47.668 billion.
TREE NEWS reports: The Hang Seng Index main futures contract closed the overnight session up 0.6% at 24,647 points. The Hang Seng Tech Index futures rose 1.1% to 4,124 points in the same session.
TREE NEWS update: SpaceX plans to attempt catching both Starship vehicles during its next test flight in roughly one week, Elon Musk said. The attempt would mark a first for the program, which has so far recovered a single booster per flight. No target date or additional mission details were given.
TREE NEWS update: Gnosis Pay disclosed a data breach after unauthorized access to its legacy debit card system on Nov. 3. Customer funds were not affected, the company said. The incident involved customer information, though the disclosure did not specify how many customers or what data was exposed.
TREE NEWS reports: US motorists, truckers and airlines are continuing to pay for fuel even after the US-Iran conflict sent oil prices soaring, refining industry executives said. Strong demand for gasoline, diesel and jet fuel has defied expectations among some analysts and refiners that the war-driven price spike would cause sharp demand destruction, reflecting the country’s heavy reliance on fuel-powered vehicles and amplifying the pain of the global energy crisis.
TREE NEWS update: EU foreign policy chief Kaja Kallas said on the 6th that it is still unclear when and how Ukraine and Russia might reach a peace agreement, but that the EU must be involved in implementing any such deal. Speaking to reporters in Warsaw after an informal meeting of Baltic Council foreign ministers, Kallas said security guarantees for Ukraine, post-war reconstruction, EU accession and sanctions on Russia all require the EU’s participation.
TREE NEWS update: Google has acquired a data center site in Wyoming from Crusoe, the energy and AI infrastructure company. The deal covers the site itself; no financial terms were disclosed. The purchase adds to Google’s expanding data center footprint in the US as demand for AI and cloud capacity grows.
TREE NEWS update: Russia has finalized rules allowing retail investors to trade bitcoin, ether and USDT through regulated intermediaries, with the framework set to take effect on Nov. 17. The Moscow Exchange plans to launch crypto trading in December under the new regime.
TREE NEWS update: Ukrainian President Volodymyr Zelensky said on the evening of the 6th that Ukraine’s strikes on Russian oil refineries will continue in response to Russian attacks on Ukrainian energy infrastructure. Zelensky said he received a report that day from Ukraine’s defense and security forces on long-range strikes, and that Ukrainian power plants, grids, heating systems, water facilities and civilian logistics are under sustained Russian drone and missile attack.
TREE NEWS reports: Speculative net long positions in ICE Brent crude fell by 63,487 contracts in the week to November 3, bringing the total to 181,970 lots, Intercontinental Exchange data showed. That marks a roughly three-month low for the net long position.
TREE NEWS update: A bill introduced March 26 by Senators Merkley and Raskin would ban election and sports contracts on US exchanges, along with contracts tied to US government action, with a commercial-hedging exception defined by the CFTC. The proposal remains in committee.
TREE NEWS reports: SpaceX shares climbed as much as 8.3% on Wednesday, setting a fresh intraday high, as Elon Musk spoke at a Barron’s conference. The move extended the stock’s advance during the session. No further details on the remarks or the reason for the gain were provided.
TREE NEWS reports: Fidelity and BlackRock led $430 million in Bitcoin ETF withdrawals on Thursday as a technology-stock selloff rattled risk assets. The outflows mark one of the largest single-day redemption days for spot Bitcoin ETFs, with the two asset managers accounting for the bulk of the withdrawals. The move came as investors pulled back from riskier holdings amid a broader decline in tech equities.