Flash News

TREE NEWS reports: US existing home sales fell to a seasonally adjusted annual rate of 3.75 million in October, the lowest since 2010. The West recorded its weakest reading since data began in 1999, while the South and Midwest posted their lowest levels in more than a decade.

TREE NEWS reports: The United States has failed in recent weeks to persuade Iran’s neighbors to shut their land border crossings with the country, after imposing a naval blockade and cutting air links. Washington pressed Turkey, Iraq and Pakistan through diplomatic channels to close the crossings, but the three countries reacted with suspicion and displeasure, seeing the measures as harmful to their own interests, US and Iraqi officials said.

TREE NEWS update: Andreessen Horowitz and the DeFi Education Fund are pushing back against Illinois over its controversial crypto tax. The crypto industry heavyweights are banding together to challenge the state’s tax measure. No further details on the legal filing or the specific provisions of the tax were provided.

TREE NEWS reports: Spot gold fell 3.0% intraday to $3,867.2 an ounce, its lowest level in more than a year. New York silver also broke below the $50 an ounce mark, trading at $49.97 an ounce. The moves mark a sharp one-day decline across precious metals.

TREE NEWS reports: Nvidia’s default risk remains close to many historical levels, with no specific figure or date given in the available material. The item offers no further detail on the metric or its recent movement.

TREE NEWS reports: Bitcoin broke below $72,000 as a multiweek slide deepened, with Coinbase recording a low of $71,500. Coinalyze-tracked derivatives markets showed $368 million in 24-hour liquidations, mostly bullish bets.

TREE NEWS reports: OpenAI has raised $15 billion in a funding round that values the company at $1.25 trillion. The deal marks one of the largest private fundraising rounds on record and places the AI developer among the world’s most valuable private companies. No details on lead investors or the structure of the round were immediately available.

TREE NEWS reports: Nvidia’s stock decline narrowed to 7% after the shares had fallen as much as 14% earlier in the session. The move marks a sharp intraday swing for the chipmaker, which is a key supplier to AI and crypto-mining hardware markets. No further details on the cause of the drop or the recovery were provided.

TREE NEWS update: Nvidia co-founder Jensen Huang has resigned as chief executive, ending a 33-year run at the company, with CFO Colette Kress named interim chief. The departure followed reports of affairs with an alleged Chinese spy and a company executive. Huang co-founded Nvidia and had led it since its founding.

TREE NEWS update: Russian President Vladimir Putin concluded a meeting with US special envoy Steve Witkoff and Jared Kushner, the Kremlin said. The meeting was held in Russia, though no further details on the agenda or outcome were immediately disclosed. The talks mark a continued diplomatic engagement between Moscow and Washington.

TREE NEWS update: The White House said President Donald Trump still has confidence in Commerce Secretary Howard Lutnick. The expression of support follows scrutiny of the commerce chief, though the statement did not address specific concerns. Lutnick remains in his post as the administration’s top trade official.

TREE NEWS reports: Super Micro Computer dropped 11%, putting the server maker on course for its largest single-day decline since June. The move marks a sharp pullback for the AI-hardware stock, though no specific catalyst was cited in the available material. The session’s loss would be the steepest since June if it holds through the close.

TREE NEWS update: Wu Shiqun, former Communist Party secretary and chairman of Xiamen Bank Co., has voluntarily turned himself in and is under disciplinary review and supervisory investigation by the Xiamen Municipal Commission for Discipline Inspection and Supervision, the Fujian Provincial Commission for Discipline Inspection and Supervision said. The probe concerns suspected serious violations of discipline and law. No further details were disclosed.

TREE NEWS reports: The Nasdaq Golden Dragon China Index fell 3.3% in early trading. Meanwhile, FTSE China A50 night futures rose 0.34%, hitting a fresh intraday high during the early US session.

TREE NEWS reports: The semiconductor ETF dropped 3.74% in early US trading, leading declines among sector ETFs. The global tech index ETF and tech sector ETF fell as much as 2.82%, while the internet stocks ETF lost 0.97% and the energy sector ETF gained 0.36%. The two-times long Nvidia ETF plunged 20.74% and the 3X long semiconductor ETF fell 7.03%.

TREE NEWS reports: Nvidia fell 13.96% at the US market open, dropping below a $4 trillion market capitalization, while the Nasdaq 100 slid 1.3% and the semiconductor index lost 3.3%. CoreWeave dropped 15.4%, Nebius 22%, and Micron, TSMC, Oracle, Intel and Western Digital fell as much as 10.4%. Apple, AMD, Amazon and Broadcom rose up to 3.4%, SpaceX gained 4.19%, and Alibaba fell 5.7%.

TREE NEWS reports: The S&P 500 opened 68.54 points lower, down 0.90% at 7,550.84. The Dow Jones Industrial Average fell 58.55 points, or 0.11%, to 52,427.94, while the Nasdaq Composite dropped 374.08 points, or 1.47%, to 25,092.11.

TREE NEWS update: Nvidia board chairman Jones issued a memo to company employees. The memo was distributed internally to staff, though its contents were not disclosed in the available material. Nvidia has not publicly commented on the memo.