Nvidia Faces $7.5 Billion China Chip Allegations as US Scrutiny Grows
Allegations of $7.5 billion in Nvidia chip shipments to China deepen scrutiny as lawmakers seek export curbs and NVDA closes 5.47% lower.
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SpaceX Unveils Battery-Powered Starlink Mini 2
SpaceX (SPCX) unveils Starlink Mini 2 with up to 4.5 hours of battery life and invitation-only US preorders, extending its portable internet business.
TSMC October Sales Jump 59.7% as Taiwan Shares Rise
TSMC reports October revenue of NT$586.89 billion, up 59.7% from a year earlier, while its Taiwan-listed shares close 2.24% higher.
Polymarket Revenue Run Rate Tops $1.8 Billion as US Trading Surges
Polymarket says annualized revenue exceeds $1.8 billion as US trading expands, with sports contracts driving activity and regulatory scrutiny continuing.
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Pharos Integrates Fireblocks for Institutional Tokenized Credit
Pharos integrates Fireblocks so institutions can manage supported tokenized credit through existing custody workflows, as its RWA platform reports $241.64 million in assets.
Oracle Launches Bank AI Analytics in Cloud Software Push
Oracle (NYSE: ORCL) launches AI analytics for bank treasury and customer profitability, expanding its software offering alongside rapid cloud infrastructure growth.
Take-Two Raises Revenue Outlook as GTA VI Preorders Beat Plans
Take-Two calls GTA VI preorders extraordinary and raises its annual revenue forecast, despite a quarterly bookings miss ahead of the November 19 launch.
Anthropic Plans IPO Livestream With Amodei and JPMorgan’s Dimon
Anthropic plans a November 13 IPO livestream with Dario Amodei and Jamie Dimon as JPMorgan leads U.S. retail marketing, Bloomberg reports.
Boeing to Cut 5% of Commercial Airplane Jobs as Production Ramp Slows
Boeing plans a 5% reduction in its commercial airplane workforce as production increases slow, putting deliveries and BA’s cash-flow recovery in focus.
PepsiCo to Cut About 1,000 Jobs as North American Recovery Lags
PepsiCo plans about 1,000 North American job cuts, Reuters reports, as weak beverage demand and lower profit guidance put its turnaround under pressure.
California Rejects 5% Billionaire Wealth Tax, DDHQ Projects
Decision Desk HQ projects the defeat of California’s one-time 5% billionaire wealth tax, which would have directed most proceeds to healthcare.
Charles Schwab Opens Solana, Avalanche and Chainlink Trading
Charles Schwab adds SOL, AVAX and LINK to its crypto accounts, expanding beyond Bitcoin and Ether. External transfers for the new tokens remain unavailable.
Coinbase Wins Final OCC Approval for US Trust Bank
Coinbase’s national trust bank charter became effective November 6, bringing institutional crypto custody under federal supervision after April’s conditional approval.