Flash News

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility took in $250 million on Thursday, November 12, up from $152 million on the prior trading day, November 11, when the Treasury market was closed. The figures reflect the small residual balances now parked at the facility.

TREE NEWS update: New York’s Department of Financial Services will require BitLicense holders and crypto trust companies to adopt annually approved marketing policies by May 2027. The policies must cover risk disclosures, paid promoters and misleading claims. Firms will need to have the policies reviewed and approved each year.

TREE NEWS reports: Thousands of users in the United States reported outages across Microsoft 365, Copilot and the Microsoft Store, with more than 39,000 users unable to access Outlook. The disruption affected multiple Microsoft services simultaneously.

TREE NEWS reports: Nvidia shares tumbled following the exit of CEO Jensen Huang, while AMD and Broadcom climbed and Nvidia-backed CoreWeave sank, reshaping the AI trade. The divergent moves mark a sharp rotation within AI-linked equities as investors reassess exposure across chipmakers and cloud providers.

TREE NEWS update: Google released Gemini 4 Hydrogen for its search feature worldwide, adding AI answers in image and table formats. The company described Gemini 4 Hydrogen as the largest model upgrade to its search business to date and is extending it to all search users.

TREE NEWS update: The New York State Department of Financial Services issued guidance setting expectations for crypto firms to establish policies and procedures governing their advertising and marketing. The guidance directs regulated crypto companies to formalize internal rules for how they promote products and services. It applies to firms under NYDFS oversight, including those with BitLicenses and trust charters.

TREE NEWS reports: The US Treasury auctioned $25 billion of 30-year bonds at a yield of 5.441%, down from 5.618% at the October 8 sale, which was the highest since August 2000. The bid-to-cover ratio fell to 2.36 from 2.54 in the previous auction.

TREE NEWS reports: London Metal Exchange copper closed down $229 at $13,588 a tonne, with aluminium falling $38 to $3,030 and zinc dropping $40 to $3,716. Lead, nickel and tin settled higher, gaining $4 to $1,886, $25 to $16,226 and $124 to $46,652 respectively, while cobalt was unchanged at $33,525.

TREE NEWS update: South Korea’s Financial Services Commission said it will issue a no-action letter protecting crypto exchanges that block deposits and withdrawals when they suspect a hack. The regulator’s move addresses a legal gray area that the industry says current law leaves unclear, giving exchanges cover for preemptive freezes.

TREE NEWS update: The U.S. Department of Justice, the U.S. Chamber of Commerce, SIFMA and a crypto coalition led by a16z, Paradigm and Uniswap filed briefs backing a lawsuit to strike down Illinois’s 0.2% tax on digital asset transactions. The filings unite traditional finance and DeFi groups in opposition to the state levy.

TREE NEWS update: Enel will incorporate data centers into the next phase of its business plan, the Italian utility said. The company did not disclose investment figures, locations or a timeline for the initiative. The move places one of Europe’s largest power producers into the infrastructure debate around data-center electricity demand.

TREE NEWS update: The Federal Reserve announced a revised tentative schedule of Federal Open Market Committee meetings for 2027. The calendar sets the dates for the central bank’s eight policy meetings that year. The Fed did not disclose any other details in the announcement.

TREE NEWS reports: Bitcoin dropped to a 12-week low of $71,200 after Jensen Huang’s exit from Nvidia and MSCI’s confirmed removal of Strategy shook markets, liquidating $750 million in crypto positions. The decline reflects a broad risk-off move across digital assets.

TREE NEWS update: Nvidia CEO Jensen Huang has retained law firm Paul Weiss, the company confirmed. The hire of the prominent New York law firm comes as Nvidia faces heightened legal and regulatory scrutiny. Neither the scope of the engagement nor the reason for the hire was disclosed.

TREE NEWS update: Craig-Hallum Capital Group analyst Richard Shannon downgraded Nvidia to Hold from Buy, setting a $180 price target that implies 9.4% upside from the stock’s most recent close. The downgrade marks a shift in stance for the firm, which had previously rated the chipmaker a Buy.

TREE NEWS update: Jensen Huang has resigned as Nvidia’s chief executive officer and as a member of its board, the company’s newly appointed board chair, Harvey Jones, told employees in an email on Thursday. The board named Chief Financial Officer Colette Kress, who has held the role for more than 13 years, as interim CEO while it searches for a permanent successor among internal and external candidates. Jones becomes the first chair of Nvidia’s board.

TREE NEWS update: Nvidia interim CEO Colette Kress and board chair Harvey Jones emailed staff on Thursday, acknowledging an “extremely difficult period” following Jensen Huang’s departure. The letter thanked employees for their resilience and said leadership will share more about the company’s future at an all-hands meeting on Nov. 18 at 9 a.m. PT. Kress said Nvidia plays an important role in building technology driving the AI revolution.

TREE NEWS reports: ICE UK natural gas futures rose 8.09% to 233.520 pence per therm in late European trading on Thursday, November 12, extending gains that began around midday Asia-Pacific time. The TTF benchmark Dutch gas contract climbed 7.88% to 93.693 euros per megawatt-hour, after briefly dipping to a daily low of 86.045 euros at 13:04 Beijing time before rallying steadily. ICE EU carbon allowance futures added 0.93% to 90.39 euros per tonne.

TREE NEWS reports: Brent crude oil rose 2.0% intraday to trade at $94.62 a barrel. The move marks a sharp single-session gain for the global benchmark.