TREE NEWS update: The UN Security Council voted on November 12 to extend sanctions on Yemen by one year, keeping the asset freeze and travel ban under Resolution 2140 in force until November 14, 2027. The resolution also extended the mandate of the Yemen Sanctions Committee’s Panel of Experts until December 15, 2027.
TREE NEWS update: Applied Materials reported fourth-quarter net sales of $10.41 billion, topping analysts’ estimate of $10.27 billion. The chip-equipment maker’s quarterly revenue came in above consensus.
TREE NEWS reports: Nvidia closed down 4.4% on the day, wiping $182 billion from its market capitalization in a single session. The decline came as chip peers moved higher, with AMD gaining 5.9% and Broadcom up 5.5%.
TREE NEWS reports: South Korea’s import price index rose 13.5% year-on-year in October, with the prior reading revised to 17.8% from 17.60%. The export price index climbed 36.7% year-on-year for the month, revised from a prior 41.3%, down from the earlier 40.90% figure. The data reflects sustained double-digit annual gains in both import and export prices.
TREE NEWS reports: The S&P 500 closed down 0.3% in preliminary trading, with materials falling 1.3% and industrials, financials and tech each down at least 0.7%. Telecom gained 0.2% and energy rose 1.4%. In the Nasdaq 100, also down 0.3%, Nebius Group fell 17.5%, CoreWeave dropped 6.6% on plans to sell loans for financing, and Strategy slid 6.2% after being removed from the MSCI index.
TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 3% in preliminary trading, led by a 6.8% drop in Alibaba. Nio, Lenovo, Xpeng and ASE Technology each fell at least about 3.8%, while Baidu lost 2.7%, Tencent 2.4% and Pinduoduo 1.9%. Among ETFs tracking the group, KWEB fell 3.2% and CQQQ 1.8%, while NetEase and Yum China gained more than 0.4% and Xiaomi rose 1%.
TREE NEWS update: The U.S. Justice Department, business groups and DeFi firms filed court arguments challenging Illinois’ crypto tax, which applies even when a transaction yields no profit. The challengers said the levy could raise compliance costs and violates federal law. The filings were made in the case against the Illinois tax.
TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps Aerospace Force opened an exhibition in Tehran on Sunday showcasing domestically developed ballistic and hypersonic missiles, drones and air-defense systems, state broadcaster CCTV reported. The display at the National Aerospace Park in western Tehran runs through the 13th. An IRGC aerospace adviser said the exhibited weapons lag the military’s actual deployed models by five to six years, and that more advanced systems were not shown.
TREE NEWS update: Donald Trump Jr. is ending his advisory role at prediction market platform Kalshi, a Kalshi spokesperson said, after his investment firm 1789 Capital made a large investment in rival Polymarket this summer. The decision was reached by mutual agreement between the two sides. Trump Jr. remains an advisor to Polymarket.
TREE NEWS update: Nvidia said it will continue investigating Jensen Huang, its CEO, following his departure from the company. The chipmaker did not disclose the reasons for the investigation or the circumstances of Huang’s exit. Further details were not immediately available.
TREE NEWS reports: US money market fund assets fell to $7.98 trillion, the Investment Company Institute reported. The figure marks a decline in total money market fund holdings from the prior level tracked by the trade group, which publishes weekly data on the sector. No further breakdown of the change was provided.
TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 2.07% to 2,886.14 at the close of New York trading on Thursday, November 12. Losses widened steadily from the start of the Asia-Pacific session, with the index extending its decline throughout the day.
TREE NEWS reports: The US 10-year Treasury yield climbed 12.09 basis points to 5.1129% in late New York trading on Thursday, Nov. 12, after trading near 4.99% for most of the Asia session. The two-year yield rose 12.68 bps to 4.8645% and the 30-year gained 8.64 bps to 5.4388%. The 2s/10s spread narrowed 0.591 bps to +24.415 bps, and the 10-year TIPS yield rose 9.10 bps to 2.8509%.
TREE NEWS reports: The Bloomberg Grains Subindex fell 1.53% to 29.4833 points at the New York close on Thursday, November 12. CBOT wheat futures dropped 2.85% to $5.9750 per bushel, corn fell 1.28% to $4.4225 per bushel, and soybeans declined 0.93% to $12.1950 per bushel.
TREE NEWS reports: Lawmaker Bill Foster said Nvidia has privately assessed that tracking advanced AI chips is technically feasible, an account that contrasts with a semiconductor trade group’s warning about mandatory safeguards on such chips. Foster’s remarks set the company’s private view against the industry group’s public caution over mandatory tracking requirements for advanced AI semiconductors.
TREE NEWS reports: Trafigura has built a large long position in LME aluminum futures, becoming a key participant in a historic squeeze as London Metal Exchange inventories fell to their lowest level since 1990. The premium of near-month contracts over forward contracts surged this week to the highest in decades. People familiar with the matter said the commodity trading giant’s purchases were mainly aimed at securing physical aluminum.
TREE NEWS reports: Trezor CTO Tomáš Sušánka said Bitcoin’s leading post-quantum signature scheme comes with trade-offs that make quantum resistance an uphill path for wallet makers. The comments focus on the costs of adopting the leading post-quantum approach, without specifying which scheme or what the trade-offs are. Bitcoin wallets face engineering decisions as they weigh post-quantum security against existing constraints.
TREE NEWS reports: Brazil is considering an additional $3.5 billion in fiscal adjustment for 2027, the government said. The measure would add to the country’s budget consolidation effort for that year. No further details on the composition of the adjustment were provided.
TREE NEWS update: US President Donald Trump said he would consider a week-long military operation against Cuba, adding that he wants to “resolve” the Cuba issue during his term. The remark was made in response to a question about US policy toward the island. No further details on timing or scope were provided.
TREE NEWS reports: The ICE U.S. Dollar Index rose 0.25% to 103.166 in New York late trading on Thursday, Nov. 12, with an intraday range of 102.801 to 103.242, climbing notably in the early U.S. session. The Bloomberg Dollar Index gained 0.17% to 1234.45, trading between 1231.06 and 1235.22 during the day.