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WRAPUP 4-China's exports suffer worst downturn since Feb as tariffs hammer US demand
Exports slide, worst outcome since Feb, as front-loading effect fadesImport growth slowest in 5 months, highlights soft domestic demandData underline rising pressure on economy as US tariffs shake up global trade By Joe Cash and Ethan Wang BEIJING, Nov 7 (Reuters) - Chinese exports unexpectedly f...Reuters
Fri, Nov 7
Australian shares hit six-week low as Macquarie, banks weigh
Macquarie shares drop 5.7%, hit six-month lowBlock's ASX shares down 15.8%Qantas falls 6.6% after trimming forecastBy Nichiket Sunil Nov 7 (Reuters) - Australian shares closed at their weakest level in more than six weeks on Friday, weighed down by a steep drop in Macquarie after the top...Reuters
Fri, Nov 7
Japan's long-dated bond yields rise as PM picks reflationists for key posts
Japanese government bond yields ticked higher on Friday, led by longer-dated debt, as new Prime Minister Sanae Takaichi named advocates of expansive fiscal policy to posts at the government's top economic panel.Reuters
Fri, Nov 7
Gold gains as dollar weakens, US rate-cut bets grow
US private jobs data indicates weak labour marketUS dollar fell to 1-week low on ThursdayGold trading below $4,000/oz, set for a weekly lossBy Ishaan Arora Nov 7 (Reuters) - Gold rose on Friday as the dollar slid after U.S. private-sector job reports signalled weakness in the country's labour...Reuters
Fri, Nov 7
Pop Mart Falls 4% to 5-Mth Low After Confirming Ongoing Investigation on Live Broadcast Incident
Pop Mart stock fell over 4% on Friday.Recently, during a promotional livestream for a certain IP product on a platform, a conversation between two on-site staff members was captured.One staff questioned why the product was priced so high, to which the other responded, ‘It's fine, people will still bTiger News
Fri, Nov 7
US to block Nvidia's sale of scaled-down AI chips to China, The Information reports
Nov 6 (Reuters) - The White House has informed other federal agencies that it will not permit Nvidia NVDA.O to sell its latest scaled-down AI chips to China, The Information reported on Thursday, citing three people familiar with the matter.Nvidia has provided samples of the chip to several of its C...Reuters
Fri, Nov 7
Elon Musk's $1 trillion Tesla pay plan wins shareholder approval
Analysts see vote as positive for Tesla stockMusk's voting rights influenced approval despite oppositionMusk's pay tied to ambitious Tesla milestonesTesla's future hinges on Musk's ambitious AI and robotics visionBy Abhirup Roy and Akash Sriram SAN FRANCISCO, Nov 6 (Reuters) - Tes...Reuters
Fri, Nov 7
US finalizes domestic flight cuts to start at 4% on Friday
WASHINGTON, Nov 6 (Reuters) - The U.S. Federal Aviation Administration on Thursday ordered airlines to cut domestic flight operations by 4% at 40 high-traffic airports starting at 6 a.m. ET (1100 GMT) on Friday, citing safety concerns about air traffic control during the government shutdown.ReutersReuters
Fri, Nov 7
OpenAI discussed government loan guarantees for chip plants, not data centers, Altman says
OpenAI explores selling computing capacityOpenAI plans $1.4 trillion in capital commitments over eight yearsNo federal bailout for AI, says White House AI czar David SacksBy Deepa Seetharaman, Krystal Hu and Arsheeya Bajwa Nov 6 (Reuters) - OpenAI has spoken with the U.S. government about the pos...Reuters
Fri, Nov 7
Fed’s Hammack: It will take two to three years to get inflation back to 2%
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack spoke at the Economic Club of New York on Thursday. She said that the federal policy should remain modestly restrictive to lower inflation, and that it will take two to three years to return inflation to 2%.Fxstreet
Fri, Nov 7
Nvidia Dropped 4% As Trump Official Says "No Federal Bailout" For AI
Nvidia (NVDA) stock led the tech sector lower on Thursday, dropping 3.6% after a Trump official said the government had no intention of backstopping the artificial intelligence industry in reference to comments by OpenAI's (OPAI.PVT) CFO.White House artificial intelligence and crypto czar David Sack
Tiger News
Fri, Nov 7
Japan's Nikkei drops as tech shares track Wall Street peers lower
TOKYO, Nov 7 (Reuters) - Japan's Nikkei share average fell on Friday as heavyweight tech stocks tracked a decline in U.S. peers overnight.The tech-heavy Nikkei .N225 slid 1.3% to 50,209.13.The broader Topix .TOPX lost 0.5% to 3,298.34.Startup investor SoftBank Group 9984.T dropped 7.5%, while ch...Reuters
Fri, Nov 7
Novo Nordisk, Lilly strike deal with Trump to slash weight-loss drug prices
WASHINGTON, Nov 6 (Reuters) - U.S. President Donald Trump, Eli Lilly LLY.N and Novo Nordisk NOVOb.CO unveiled a deal on Thursday to slash the prices of popular GLP-1 weight‑loss drugs for the government's Medicare and Medicaid programs, as well as for cash payers.
Reuters
Fri, Nov 7
Trump expands critical minerals list to copper, met coal, uranium
Nov 6 (Reuters) - The Trump administration on Thursday added 10 minerals to a list it deems essential for the U.S. economy and national security, including copper, vital to electric vehicles, power grids, and data centers, and metallurgical coal, used to make coke fuel for steel production.Reuters
Fri, Nov 7
Trump administration seeks to negotiate with China on shipping as it pauses port fees
WASHINGTON, Nov 6 (Reuters) - The Trump administration said on Thursday it would pursue negotiations with China over its dominance of shipbuilding and ocean logistics as it formalized plans for a one-year pause on U.S. port fees on China-linked vessels as part of a broader deal to reduce trade tensiReuters
Fri, Nov 7
Oil falls as investors weigh potential supply glut, weak demand
Global oil demand falls short of JPMorgan projectionsLow US refinery run rates show weak crude demand Saudi Arabia cuts December crude prices for AsiaInvestors weigh impact of Russia sanctions By Georgina McCartney HOUSTON, Nov 6 (Reuters) - Oil prices declined on Thursday as investors considered...Reuters
Thu, Nov 6
