TREE NEWS update: South Korea has extended its fuel tax reduction for two more months, through Jan. 31, the government announced. The move keeps the current cut in place past its original expiry, easing pump prices for drivers into the new year. No further details on the size of the reduction were given.
TREE NEWS reports: South Korea’s exports rose 111.9% year-on-year in the first ten days of November, while imports climbed 45.0% over the same period. 1-10 window. The figures compare the period with the same ten days a year earlier.
TREE NEWS update: Vision Makers, an AI-driven Web3 trading and research platform, has closed a $4 million seed round. Investors in the round include MH Ventures, Castrum Capital, Titans Ventures, M2M Capital, Archer Capital, Gemhead Capital, MYR Venture, ACN Labs, Zerone Venture, Velion Venture, Mira Capital and BlockRise. The company did not disclose a valuation.
TREE NEWS reports: Japan’s Nikkei 225 opened 0.07% higher on Thursday, while South Korea’s Kospi Composite opened 0.6% lower. The two benchmarks moved in opposite directions at the open, with Seoul’s index starting the session in negative territory.
TREE NEWS update: Solana client developer Anza published the release schedule for Agave v4.5, with feature activation paused until after the Breakpoint conference and expected to resume on Nov 19. The mainnet beta upgrade candidate will be finalized Nov 27, validators are advised to adopt it fully by Dec 7, and activation begins Dec 14. The upgrade continues rent reduction, adds direct account-data mapping and automatic program resizing, and shortens the release cycle by a week.
TREE NEWS update: Decentralized exchange Arcus disclosed an accounting bug discovered on Nov. 10 that let a newly created account record balances far above its actual holdings and request withdrawals. About $2.234 million in USDG was withdrawn on-chain before withdrawals were halted, while a further $3 million withdrawal request was blocked by a cross-chain bridge rate limit and later canceled. Arcus said it detected and patched the flaw within an hour and covered the full shortfall from its corporate treasury, with user balances unaffected and trading and withdrawals operating normally.
TREE NEWS update: China is preparing to issue or is currently issuing local government bonds. The material did not specify the size, timing or which provincial governments are involved. No further details were provided.
TREE NEWS update: Federal Reserve Bank of Chicago President Austan Goolsbee said a hardening of inflation expectations would be a major concern, adding that “anything is possible” and that the Fed must bring inflation down to its target. Goolsbee’s remarks flag the risk that expectations become entrenched, which would complicate the central bank’s path back to 2%.
TREE NEWS update: Anthropic is giving all Claude Pro, Max, Ultra and Team subscribers a one-time free full reset covering every model and usage limit, ClaudeDevs said. The reset must be claimed by 2 p.m. Pacific Time on Dec. 10 via Settings > Usage. Claude said it recently fixed issues that caused limits to drain faster than expected, and that the earlier Fable reset did little for users who had exhausted weekly caps on all models.
TREE NEWS reports: The US Commerce Department had previously received a warning about an extramarital affair involving Nvidia’s CEO. The disclosure raises questions about what the department knew and when, though no further details on the warning’s source or timing were provided. Nvidia and the Commerce Department have not commented on the report.
TREE NEWS reports: Japan’s M3 money stock grew 0.9% year-on-year in October, slowing from a 1.2% increase in the previous month. The reading marks a deceleration in the broad money aggregate for the month.
TREE NEWS update: The Commodity Futures Trading Commission has warned Kalshi that it faces imminent charges over procedural errors in how the prediction-markets operator notified regulators about a handful of contracts, many of which were not live. The dispute centers on notification procedures rather than the contracts themselves, Kalshi said.
TREE NEWS update: Apple reported outages affecting some iCloud services, including Calendar and Mail, on its System Status website. Some Apple users experienced problems using iCloud Calendar and Mail. The company did not specify the number of users affected or the cause of the disruption.
TREE NEWS reports: Chicago Fed President Austan Goolsbee said the CPI inflation data are “quietly unsettling,” with services inflation showing no decline. He said the US faces a genuine inflation problem that must be addressed, driven by both costs and demand. Business investment is being affected by interest rates, while AI buildout is adding demand and overloading the economy, he said, adding that the employment side of the Fed’s dual mandate is performing well.
TREE NEWS update: Federal Reserve Bank of Philadelphia President Anna Paulson, a 2026 FOMC voter, said core inflation is hovering between 2.5% and 3% and the Fed still has “more work to do” on lowering it. She noted the economy is stronger than expected with a solid, stable labor market, and that the inflation impact of AI and energy prices is hard to assess, leaving the outlook with high risks.
TREE NEWS update: Anthropic is seeking up to $90.4 billion in its US IPO at a fully diluted valuation of $1.4 trillion, aiming for a 35% long-term operating margin target, in what would be the largest US tech IPO fundraising on record. The company’s seven founders are set to cash out $1.75 billion in the listing. The deal was outlined during the company’s IPO roadshow.
TREE NEWS update: Federal Reserve Bank of Philadelphia President Anna Paulson, a 2026 FOMC voting member, said inflation holding high is not solely attributable to temporary factors, with wage pressures limited and inflation expectations stable. She said gradual tightening appears appropriate and policy should remain moderately restrictive to curb inflation. The gradual pace gives businesses and consumers time to adjust.
TREE NEWS reports: OpenAI’s revenue grew about 50% from the second to the third quarter to reach $10 billion, but the company still reported a massive operating loss. Adjusted operating margin improved to -109% from -150% over the period. Even so, the operating loss widened slightly to $10.9 billion from $10.1 billion.
TREE NEWS reports: A total of 101 of the 122 companies that listed in Hong Kong this year brought in cornerstone investors, as IPO fundraising stayed active through Nov. 10, Wind data showed. International institutions including Temasek and BlackRock appeared on multiple cornerstone lists, while industrial capital — industry groups, listed supply-chain firms and strategic investment platforms — also subscribed frequently. Analysts said such investors prioritize business synergy and long-term value, with AI, semiconductors and A+H leader projects drawing attention.
TREE NEWS reports: Petrobras reported third-quarter adjusted EBITDA of 85.82 billion reais, missing analysts’ expectation of 95.59 billion reais. Sales for the quarter came in at 169.35 billion reais versus an expected 177.56 billion, while net profit was 39.75 billion reais against a forecast of 46.62 billion.