Flash News

TREE NEWS reports: Canada’s manufacturing shipments were unchanged in September, with month-over-month growth of 0%, statistics showed. The reading fell short of the 0.1% increase economists had expected and slowed sharply from a 1.5% gain in the prior month.

TREE NEWS update: US Treasury Secretary Scott Bessent said he is optimistic that the United States can reach trade agreements with Canada and Mexico. Bessent made the remark in comments reported on the trade negotiations. No further details on timing or terms were provided.

TREE NEWS update: Cisco reported record first-quarter revenue of $18.5 billion, up 24% year over year, and record non-GAAP EPS of $1.40, up 40%, marking its strongest revenue and profit growth in nearly 15 years. The company raised its full-year fiscal 2027 guidance, forecasting total revenue of $74.8 billion to $75.8 billion and non-GAAP EPS of $5.47 to $5.53.

TREE NEWS update: The United States will release its October producer price index data at 21:30 Beijing time. The PPI reading tracks wholesale price changes and is watched as an inflation gauge ahead of consumer price data. No forecast figures were included in the notice.

TREE NEWS update: Nanjing sold 14 residential land parcels on Nov. 13 for a combined 9.164 billion yuan, against a total starting price of 8.296 billion yuan. Eleven plots traded at the reserve price, while three sold at a premium. The Jiangning Science Park NO.2026G96 plot drew 307 bids and closed at a 46.12% premium, and the Baijiahu NO.2026G108 plot fetched a 43.14% premium after 184 bids.

TREE NEWS update: US Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee on December 10 regarding Nvidia. The appearance is scheduled for the committee session on the chipmaker, which has faced scrutiny over its business and export issues.

TREE NEWS update: Apple updated its trade-in pricing on its official website, raising the values for the iPhone Air and iPhone 17 from $585 to $615, an increase of more than 5%. The two models saw the largest adjustments in this round of changes.

TREE NEWS update: Microsoft said service conditions improved across most of Europe, with North American services also showing “a fairly broad improvement.” The company gave no further detail on which services were affected or the scale of the gains. The update covers Microsoft’s service status in Europe and North America.

TREE NEWS update: Longsys said on Nov. 13 via an investor interaction platform that third-party teardown information shows Unitree robot dogs and other products have adopted its embedded storage. The company said its embedded storage, portable storage and mSSD products have significant application potential in embodied intelligence, and that it has begun sampling and qualification of high-performance storage products with globally known robotics firms, declining to name clients due to confidentiality requirements.

TREE NEWS reports: Nakamoto shares fell 6% in premarket trading after the company reported Q3 operating revenue below zero, driven by a $5.8 million loss on Bitcoin options. Higher Bitcoin prices lifted net income to $85.5 million for the quarter.

TREE NEWS reports: Bitcoin dropped to $68,000 overnight, marking a new three-month low, as crypto markets plummeted. The decline coincided with news that Jensen Huang is exiting Nvidia. Despite the sharp fall, the material notes there may be reasons for hope.

TREE NEWS reports: The Baltic Dry Index, which tracks the cost of shipping dry bulk commodities such as iron ore, coal and grain, fell 1.32% to 2,980 points. The index is a widely watched gauge of global trade activity and commodity demand.

TREE NEWS update: US Treasury Secretary Scott Bessent said he has received death threats but is undeterred, adding that the Wall Street Journal acted irresponsibly by publishing his home address. The remarks were made in response to the newspaper’s disclosure of his residence.

TREE NEWS reports: Crude oil rose more than 2% as night futures trading opened, with fuel oil, coking coal, PVC, methanol, propylene, asphalt, pure benzene, Shanghai tin, polypropylene, plastics and low-sulfur fuel oil each gaining over 1%. Caustic soda fell more than 2%, the only contract cited as declining.

TREE NEWS update: China’s Ministry of Commerce held an investment roundtable with Belgian, Dutch and Luxembourg companies in Brussels on Nov. 13, chaired by Vice Minister and Deputy International Trade Representative Ling Ji. About 30 Benelux firms, including Bekaert, Solvay, Umicore, Philips and ArcelorMittal, attended, alongside the Belgium-China Economic and Trade Commission. Henan and Jiangxi provincial commerce departments presented investment pitches.

TREE NEWS update: Hong Kong’s government on Nov. 13 revised its 2026 real GDP growth forecast up to 4.8% from a range of 3.5% to 4.5%, citing actual economic figures for the first three quarters of this year and expectations of further steady growth in the fourth quarter.

TREE NEWS update: Israeli police arrested five suspects on November 10 on suspicion of operating an unlicensed cryptocurrency exchange through WhatsApp groups, failing to report transactions to tax authorities, and disguising crypto proceeds as loans deposited into bank accounts. Police estimate the activity under investigation involved about 16 million shekels. The case remains under investigation.

TREE NEWS reports: Goldman Sachs expects the 10-year US Treasury yield to fall to 4.6% by the end of 2027, below consensus, as Treasuries become more attractive as a hedging tool and inflation stays moderate. Strategists including London-based Kamakshya Trivedi wrote that Treasuries are now “cheap” with appealing yields, but rising yields are creating “stress,” suggesting high levels may not be sustainable.

TREE NEWS reports: Andreessen Horowitz partners Olivia Moore and Justine Moore proposed a “B2A (Business-to-Agent) economy” in a Nov. 13 post, arguing AI agents have become the internet’s primary users and will decide which products people use, subscribe to and spend on. They cited Shopify data showing AI-driven store traffic up 8x year-over-year in Q1 and AI-search-generated orders up nearly 13x, while HUMAN Security recorded an 8x rise in agent browser traffic from August to October. Four categories stand to benefit: agent models, agent-native products, traditional firms optimizing for agents, and agent infrastructure.

TREE NEWS update: Texas Attorney General-elect Nathan Johnson said Thursday he will closely scrutinize any potential merger between SpaceX and Tesla, warning about the risks of excessive corporate concentration. The two most valuable companies in Texas are currently considering a combination. “Any merger of companies with such significant impact should be subject to intense scrutiny,” Johnson said, nine days after he and other Democrats won elections in a state held by Republicans since the 1990s.