Flash News

TREE NEWS update: US Central Command said on November 13 that Iran did not strike an early-warning radar in Bahrain, stating that the Islamic Revolutionary Guard Corps launched two one-way attack drones at Bahrain and both were shot down with no casualties or property damage. Bahrain has not responded to either the US or Iranian account.

TREE NEWS reports: Fuel oil futures closed the night session up about 3%, leading gains in Chinese commodity markets. Low-sulfur fuel oil, PVC, coking coal, coke and LPG each rose more than 1%. On the losing side, iron ore fell 1.12%, soybean No. 1 dropped 1.67% and caustic soda declined 2.08%.

TREE NEWS reports: WTI crude oil climbed 1.0% during the trading session to $89.63 a barrel, marking an intraday gain for the US benchmark. The move reflects the day’s price action in oil markets, with WTI trading at $89.63 per barrel at the time of the reading.

TREE NEWS reports: Twenty One Capital, the Tether-backed bitcoin treasury company, reported $1.09 billion in third-quarter net income, driven by gains on its bitcoin holdings, while recording a $4.8 million operating loss for the period.

TREE NEWS reports: The S&P 500 turned negative on Thursday, while the Nasdaq 100 fell more than 0.4% and the Philadelphia Semiconductor Index dropped over 2.2%. Investors weighed weakness in chip stocks against the latest US producer price index inflation data.

TREE NEWS update: Dallas Fed President Lorie Logan said the U.S. Treasury market is functioning very well, with trading proceeding smoothly even amid large interest-rate swings. Speaking at a conference on bank funding, she did not comment on monetary policy or the economic outlook. Logan called for extending the Fed’s discount window operations to weekends and holidays, and said the FOMC should strengthen its market-support tools without providing unnecessary economic stimulus.

TREE NEWS reports: Modine Manufacturing Co. (MOD) rose 34% on Nov. 12, its largest intraday gain since November 2020, after Bloomberg reported after the U.S. market close that Samsung Electronics is in talks to acquire the data-center cooling equipment maker. The move marks the stock’s biggest single-session advance in about five years.

TREE NEWS reports: Nvidia gave back its early US session gains and turned negative, falling 1.3% on the day. The reversal came after the stock had opened higher, with the chipmaker’s shares slipping into the red during the session.

TREE NEWS reports: The energy sector ETF rose 0.89% in early US trading, leading industry ETFs, while the financials ETF gained 0.64% and the networking stocks index ETF added 0.41%. The global tech index ETF fell 0.2%, the technology sector ETF dropped 0.37%, and the semiconductor ETF slid 0.63%.

TREE NEWS reports: The Philadelphia Semiconductor Index fell 1% in early US trading, with Cerebras Systems surging 16.7% for its biggest intraday gain since August while Nvidia rose 1.5% and Google A added 1.3%. AMD and CoreWeave each dropped 3.4% and Nebius fell 6%. The moves came as US PPI inflation data eased investor concerns over the Federal Reserve’s rate outlook.

TREE NEWS reports: The S&P 500 opened up 24.45 points, or 0.32%, at 7,616.85. The Dow Jones Industrial Average opened 193.59 points higher, a 0.37% gain, at 52,490.68, while the Nasdaq Composite opened up 41.91 points, or 0.17%, at 25,408.00.

TREE NEWS reports: The US 10-year Treasury yield climbed to an intraday high of 5.16%, marking a fresh session peak. The move reflects continued upward pressure on long-dated government borrowing costs.

TREE NEWS update: Chinese Premier Li Qiang held talks with Thai Prime Minister Anutin Charnvirakul in Bangkok on Nov. 13, pledging to expand cooperation in finance, new energy, semiconductors and artificial intelligence. Li said China would advance the China-Thailand railway and negotiate a new five-year trade plan, and encouraged Chinese firms to invest in Thailand while asking Bangkok for a fair, stable and predictable business environment.

TREE NEWS update: DeepSeek announced it has opened its full-suite application API, enabling developers to access deep-reasoning search, file input and other conversational features by toggling parameters in the existing API. Standalone interfaces for voice and underlying capabilities, including OCR, ASR and TTS, are also available for separate or combined calls. Developers can now replicate the complete DeepSeek App 1:1 within their own applications.

TREE NEWS reports: China’s outstanding total social financing stood at 469.16 trillion yuan at end-October, up 7.2% year on year, while M2 money supply reached 359.06 trillion yuan, up 7.1%, the People’s Bank of China said. Both readings exceeded nominal GDP growth and matched the targets for economic growth and overall price levels. Orient Golden Credit chief macro analyst Wang Qing said the likelihood of broad rate and reserve requirement ratio cuts before year-end has declined.

TREE NEWS reports: Ethereum 101 explains how Ethereum made blockchains programmable, covering smart contracts, accounts and the EVM, ETH and gas fees, Proof of Stake, network upgrades, and how alternative Layer 1s trade off security, decentralization and scalability. The explainer outlines the core mechanics behind Ethereum’s design and the trade-offs faced by competing Layer 1 networks.

TREE NEWS update: Federal Reserve Bank of Boston President Susan Collins said the housing market and the broader economy require long-term price stability, warning that interest-rate hikes would hurt housing affordability. She also said inflation is bad for President Trump’s housing commitments. Collins did not announce any policy decision or give a timeline in the remarks.

TREE NEWS update: SpaceX’s AI unit has laid off 60 employees working on Grok Imagine Video. The cuts target the team behind the video-generation product, marking a reduction in headcount for the AI division. No further details on the timing or scope of the layoffs were provided.

TREE NEWS reports: The secured overnight financing rate (SOFR) climbed to 3.90% on Nov. 12 from 3.89% the prior day. The effective federal funds rate held steady at 3.88% for the same trading day. The two benchmarks remain closely aligned, with SOFR sitting 2 basis points above the fed funds rate.

TREE NEWS update: Shanghai Mayor Zhu Zhongming met with Coca-Cola CEO James Quincey and his delegation on Nov. 13, the municipal government said. Zhu expressed the hope that the company will help advance Shanghai’s development as an international consumption center city. No further details of the meeting were disclosed.