TREE NEWS update: Canada’s government will allow foreign buyers to purchase new homes while extending the ban on existing homes by two years, under a federal budget tabled by Finance Minister François-Philippe Champagne. The budget allocates C$45 billion over 10 years to housing measures, including C$11.2 billion for supportive and transitional housing and mental health and addiction services, aiming to eliminate homelessness within a decade.
TREE NEWS reports: Cloudflare’s US shares climbed 16% in after-hours trading. The material did not specify the catalyst behind the move or the price level reached. The gain marks a sharp post-close swing for the web infrastructure and security company.
TREE NEWS reports: FTSE China A50 index futures closed the overnight session down 1.85% at 12,793 points. The move reflects selling pressure on China large-cap equities during the night trading window.
TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 0.03% to 2,949.24 on Thursday, Nov. 5. The gauge rose sharply in Asia-Pacific morning trade, hitting a session high of 3,022.50 at 10:47 Beijing time, then traded in a high range before the U.S. open. It pulled back sharply in early U.S. trading and touched a session low of 2,930.86 at 23:54.
TREE NEWS update: Airbnb forecast fourth-quarter revenue of $3.22 billion to $3.28 billion, topping analysts’ average estimate of $3.16 billion. The guidance range was disclosed alongside the company’s quarterly outlook. Airbnb is a short-term rental platform, not a crypto or Web3 business.
TREE NEWS update: Canada expects a budget deficit of C$62.3 billion for the 2026-27 fiscal year, the government said. The forecast sets the fiscal framework for the coming year and will be watched by bond investors and market participants gauging the country’s borrowing needs.
TREE NEWS reports: Nvidia closed down 9.3%, erasing $447 billion in market capitalization in a single trading session. The drop marks one of the largest one-day losses in market value for the chipmaker, which has been a key beneficiary of the AI trade.
TREE NEWS reports: The three major US stock indices closed lower, with the Dow down 3.78% intraday, the Nasdaq down 6.83% and the S&P 500 down 4.65%. Among notable names, SanDisk (SNDK) fell 22.69%, AMD dropped 17.92%, Micron (MU) lost 17.15%, MARA declined 13.35%, SKHY fell 13.30% and BitMine (BMNR) dropped 11.43%.
TREE NEWS reports: The Nasdaq Golden Dragon China Index rose 0.5% in initial trading. Among popular Chinese ADRs, NetEase gained 4.3%, New Oriental rose about 4%, Xiaomi, JD.com and Tencent each gained more than 3%, and Alibaba added 2.7%. Among ETFs, KWEB rose 1.7% while CQQQ slipped 0.2%.
TREE NEWS reports: The US memory-chip index fell about 15% on the day, with the Philadelphia Semiconductor Index down more than 10% and the S&P 500 down 4.3%, as technology stocks sold off sharply. SanDisk closed down 22.3%, Astera Labs fell 20% and Lumentum lost 18.7%, while Micron, Western Digital, AMD and Seagate each dropped at least 16%. The Nasdaq 100 fell 6.4%, with the tech sector down 7%.
TREE NEWS update: Indonesia has raised $3 billion through a sovereign bond sale, its first international debt issuance since index provider MSCI threatened the country’s market status. The deal marks Jakarta’s return to the offshore bond market following the warning.
TREE NEWS reports: US money market fund assets totaled $8.02 trillion, the Investment Company Institute reported. The figure covers the industry’s money market fund sector as of the latest weekly reading. The ICI data is a closely watched gauge of cash parked in short-term instruments by retail and institutional investors.
TREE NEWS update: The U.S. Department of Justice has created a Super Intelligence Task Force to guard against AI abuse, led by two senior DOJ officials. The unit will target misuse by foreign governments, criminal groups and fraudsters, while pressing AI developers to tighten internal controls so their systems “behave as intended.”
TREE NEWS reports: Insurance costs against debt defaults rose only slightly for most hyperscalers besides SpaceX, Bloomberg Intelligence credit analyst Robert Schiffman wrote in a Thursday report. He said tighter permitting, grid-cost rules and local opposition could slow the next construction wave, supporting credit ratings by curbing capital intensity and external financing needs. Large tech debt investors could benefit from a slowdown in AI development, provided it also reins in debt-financed expansion.
TREE NEWS reports: Intrepid Capital Management Chief Investment Officer Hunter Hayes said seismic events like this week’s US midterm elections demonstrate the market’s “weighing machine” mechanism — asking what an asset is really worth and how the investor gets their money back. Hayes framed the question as the core test markets apply to major political shocks.
TREE NEWS reports: The Australian dollar fell 1% on Thursday, marking its largest intraday decline since October 15. The move reflects a sharp session for the currency, with no further details immediately available on the drivers behind the drop.
TREE NEWS update: Brazilian President Luiz Inácio Lula da Silva, recently re-elected, met with leftist economists including former finance minister Guido Mantega to discuss economic policy for his next term. The decision to open talks first with economists close to his Workers’ Party may draw investor scrutiny as investors press Lula to clarify how he will stabilize Brazil’s rising public debt. Lula will address the nation on television, where he is expected to emphasize fiscal discipline and commit to a budget surplus without cutting or freezing social programs.
TREE NEWS update: Base has activated its Denim upgrade on mainnet, cutting native block times to 200 milliseconds and producing five full blocks per second. The upgrade replaces Flashblocks pre-confirmations with native blocks that each carry their own block number, hash, state root and receipts. It also introduces BaseTime for millisecond-precision contract timing, while block.timestamp remains in seconds, and improves the B20 token standard with transfer-agent approval and reusable whitelist or blacklist address lists.
TREE NEWS update: Serbia’s Republic Election Commission published the final parliamentary election count on Nov. 5. The student-backed list “Students’ List – Students Win” received 2,354,417 votes and is projected to take 140 seats, enough to form a government independently. President Aleksandar Vučić’s Serbian Progressive Party-led list “Aleksandar Vučić – Serbia United” received 1,731,323 votes and is projected to win 103 seats, while five minority lists are projected to take seven seats.
TREE NEWS reports: Bitquery estimates $48.6 million was stolen across 11 blockchains in the hack of Brazilian crypto exchange Mercado Bitcoin, above the exchange’s latest estimate of $36.3 million. Bitquery said 36,042 Ethereum customer deposit addresses were drained between 9:27 a.m. and 1:56 p.m. Brazil time on Nov. 2, while the exchange declared the incident contained at 9:56 a.m. Funds kept moving for nearly four hours after that. Mercado Bitcoin will cover user losses from its own funds and plans to restore balance viewing on Nov. 9, with deposits, withdrawals and trading still suspended.