Flash News

TREE NEWS reports: US producer price inflation came in at 6.5%, with both headline PPI and CPI readings undershooting forecasts. Bitcoin and ether edged higher after the data. Interest-rate markets nonetheless continued to favor a December Federal Reserve rate hike.

TREE NEWS update: Senator Rick Scott has asked Nvidia CEO Jensen Huang to appear before Congress on Dec. 3 and Commerce Secretary Howard Lutnick on Dec. 10 to testify on Nvidia export controls. A Commerce spokesperson said Lutnick has agreed to testify voluntarily. The requested appearances concern U.S. restrictions on Nvidia chip exports.

TREE NEWS update: Alibaba said on the evening of Nov. 10 that the Hong Kong Stock Exchange has confirmed it can proceed with a spin-off of wholly owned chip subsidiary Pingtouge (Shanghai) Technology Co. for a separate main-board listing. Pingtouge filed its A1 application confidentially on Sept. 11 and plans an H-share offering. The unit has annualized revenue above 10 billion yuan, and its Zhenwu AI chips have shipped more than 560,000 units, serving over 650 enterprise customers as of June 2026.

TREE NEWS update: China and the US held the first meeting of the Trade Council under their bilateral economic and trade consultative mechanism via video conference on November 13. The two sides discussed implementing earlier consultation outcomes, focusing on tariffs, a reciprocal “300-for-300” tariff reduction arrangement, agricultural trade and other issues of mutual concern in what both described as candid, in-depth and constructive exchanges.

TREE NEWS update: Microsoft said all of its products are operating normally, indicating that a service disruption has been resolved. The company did not provide further details on the scope or duration of any earlier outage. The brief status update gave no indication of the cause or of any affected regions.

TREE NEWS reports: US spot Bitcoin ETFs posted $185.4 million in net outflows on Friday, extending a two-week drawdown to $2.35 billion. BlackRock’s IBIT accounted for $143.5 million of Friday’s redemptions, marking its 11th straight day of outflows, while Fidelity’s FBTC shed $41.9 million.

TREE NEWS update: US Treasury Secretary Scott Bessent said on the 13th that he has moved from his home to a military base, citing a Wall Street Journal photo of his residence that included location information as one reason for the move. Bessent made the remarks in an interview, confirming the relocation.

TREE NEWS update: Iran said it will not restore nuclear safeguards measures during what it described as “extraordinary times,” according to a statement reported on the nuclear file. The remark signals Tehran is holding back from re-embracing the monitoring arrangements it had previously scaled back. No timeline or conditions for a resumption were given in the statement.

TREE NEWS update: Beijing will officially start its heating season on Nov 15, State Grid Beijing Electric Power said as it implements winter power supply measures. The grid operator’s dispatch center forecasts the city’s maximum winter load could reach 29 million kilowatts, about 8.29% above the previous winter record. No crypto or Web3 angle.

TREE NEWS update: The U.S. Department of Justice moved to seize $1.2 billion tied to the Binance hack and disrupted a North Korean deepfake scheme, the agency said. Meta separately tested a prediction-market app that uses points rather than cash. The two developments were reported together.

TREE NEWS update: BYD’s online reporting center said in a statement today that rumors of a “digital energy” business being sold to BYD have no factual basis and are false information, urging users not to believe or share them. The company said it reserves the right to pursue legal action against those who fabricate or spread false information. Earlier reports had claimed Huawei Digital Energy, an inverter leader, was again pursuing a sale, with BYD among the potential buyers and a full separation to be completed before the end of December.

TREE NEWS reports: US President Donald Trump plans to bring Elon Musk on his trip to Asia next week, an anonymous government official said. The official said Musk, as head of SpaceX and Tesla, holds significant economic and national security interests, making him a valuable adviser to Trump. The official also said Trump does not intend to raise matters related to Jensen Huang and that the US government believes the Nvidia issue will not affect the visit.

TREE NEWS update: Iran said an oil tanker struck a mine east of the Strait of Hormuz in the early hours of Saturday. No further details on the vessel, its cargo, casualties or the extent of damage were immediately provided. The Strait of Hormuz is the world’s most important oil chokepoint, and any disruption there carries implications for global energy markets.

TREE NEWS update: Two Democratic U.S. senators have formally written to SpaceX CEO Elon Musk demanding he retain all records related to restrictions on Ukraine’s use of the Starlink and Starshield systems.S. reports dated the 13th. The letter targets documentation of any limits placed on the satellite communications services in Ukraine.

TREE NEWS update: Bank of England Chief Economist Huw Pill said further interest rate increases are needed, reiterating the central bank’s commitment to bringing inflation back to its 2% target gradually. Pill’s comments signal that the Bank of England remains in tightening mode despite the economic toll of higher borrowing costs.

TREE NEWS update: Flights across the United States were grounded for more than four hours on the evening of Nov. 13 after a communications failure raised safety concerns. Transportation Secretary Sean Duffy blamed aging air traffic control technology and overloaded routers for the outage. Homeland Security Secretary Markwayne Mullin said there was no indication of any malicious attack.

TREE NEWS update: Elon Musk confirmed early this morning Beijing time on social media that he is signing a petition calling for Nvidia CEO Jensen Huang to be reinstated. The petition website has drawn more than 14,000 signatures, and its servers are under pressure from a surge in traffic. The petition asks Nvidia to bring its founder back.

TREE NEWS update: China’s National Data Administration held an on-site meeting in Xiamen on the afternoon of Nov. 10 to advance pilot construction of high-quality datasets and data annotation. The agency said it will implement the central government’s decisions on artificial intelligence development and accelerate the growth of the dataset-building and data-annotation industries.

TREE NEWS update: Microsoft said on November 13 that there is no indication the Federal Aviation Administration’s nationwide flight grounding order is connected to any Microsoft service. US Homeland Security Secretary Marlin also stated that day that the nationwide flight grounding was unrelated to Microsoft. The FAA issued the ground stop across the United States on November 13.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said capital market reform must balance stability and progress, efficiency and fairness, and development and security, speaking at the 2026 China Capital Market Academic Annual Conference. He noted the A-share market has more than 200 million stock investors and over 800 million fund holders, requiring research into China’s market characteristics and structural problems while adhering to market-oriented, law-based and internationalized reform.