Friday Nov 13, 2026
StocksCompany news· Nov 13
An 8-K dated Nov. 12 expands the board from seven to ten, while same-day coverage ties the move to a $115 billion AI deal the filing never mentions.
Read the full story →Jensen Huang resigned as chief executive and board member on Thursday, Nov. 12, following reports of extramarital affairs with two Nvidia employees and a business executive suspected of ties to Chinese intelligence. Finance chief Colette Kress is interim CEO. CNBC reported that she clashed with Huang over his multi-billion dollar AI financing arrangements. The board had opened an inquiry into him on Nov. 9, so the exit followed a process already in motion. WSJ's Nov. 13 note has the shares set to recoup some losses, with earnings due next week.
A Nov. 12 report said Elon Musk could announce a Tesla-SpaceX merger by December. The report is the only source in the supplied material. A Motley Fool piece the same day illustrated a hypothetical 15% premium turning 1,000 Tesla shares into about 3,270 SpaceX shares, which is arithmetic on an assumption, not a term sheet. No filing, no exchange ratio and no board action was supplied. Musk separately warned against pushing founders out, a comment that resurfaced as Huang left Nvidia.
Sidus Space said in an 8-K filed Nov. 12 that its audit committee and management concluded on Nov. 2 that financial statements from Q3 2024 through Q2 2026 should no longer be relied upon. The errors: an unrecorded warrant liability on 3,409,946 warrants issued Dec. 17, 2024, now about $4.7M; a full $4.0M impairment of the LS-2 satellite in Q1 2026; and VPX prototype costs that should have been expensed rather than capitalised. The same day, the company announced patent attorney Mark Malek as a director.
MarketsMarkets today· Nov 13
The S&P 500 slipped 0.35% to 7,592.40 as Nvidia's leadership crisis hit indexes, while Barron's says investors rotated into other chip names.
Read the full story →Goldman Sachs raised its 12-month target for European stocks, citing energy price relief, according to a Reuters headline dated Nov. 13. The supplied text does not give the new target level or the old one, so the size of the change is unknown. The reasoning, though, is specific: Europe's equity market is heavy with energy-intensive industry, and lower input costs lift margins in a way a rate cut does not.
New World Development is weighing a rights issue of up to $3.2 billion, Bloomberg News reported on Nov. 12, as relayed by Reuters. The supplied material gives no purpose, timetable or discount. A rights issue asks existing shareholders to put in new money, usually when a balance sheet needs repair or an opportunity needs funding, and the market normally reads the first reason as more likely than the second.
The AAII survey released Nov. 12 shows 30.8% of individual investors bullish, below the 37.5% historical average, and 51.4% bearish. Bearish readings have been unusually high for 40 consecutive weeks, which is nearly ten months of surveys that have mostly lined up against an index sitting near 7,592. The survey measures a few hundred members of one association, not flows, so it should be read as mood and not as positioning.
BondsRates and credit· Nov 13
Treasury yields rose on Nov. 13 as traders added to bets on a December hike, after MarketWatch reported the biggest yield surge since 2022.
Read the full story →U.S. existing home sales fell to 3.75 million annualised in October against 3.85 million expected and 3.97 million in September. The monthly change was minus 5.5% against an expected plus 0.3%, a miss large enough that it can be read as a decline in demand rather than noise. A sales rate this far below the prior reading and the forecast is what a mortgage market under rate pressure looks like.
French inflation rose to 3.7% in October, the highest since December 2023, Reuters reported on Nov. 13. The figure matters outside France because euro-area policy is set for the whole bloc and a large member running at 3.7% narrows the room for easing. No component breakdown was supplied, so energy, food and services cannot be separated here.
A Reuters poll sees Japanese core inflation above the Bank of Japan's target for a second month in October. The WSJ noted on Nov. 12 that Japanese stocks rose despite continued uncertainty over U.S. and Japanese monetary policy. The yen breached 160 per dollar the same day, and Finance Minister Satsuki Katayama called recent moves one-sided and vowed action.
GeopoliticsWorld and markets· Nov 13
Crude moved higher on Nov. 12 after Trump said no Iran deal was needed and a reported Houthi attack on Saudi Aramco facilities, against a surprise U.S. inventory build.
Read the full story →Commerce Secretary Howard Lutnick faces scrutiny over what he knew about Nvidia and China, Bloomberg reported Nov. 12, with tensions inside the White House. The background is the reported accusation that Jensen Huang had a relationship with a business executive suspected of ties to Chinese intelligence. The documented facts are limited to the scrutiny, and no finding has been supplied.
Japan's finance minister vowed action as the yen breached the 160 threshold, Reuters reported on Nov. 12. Satsuki Katayama described recent moves as one-sided and warned against rapid yen moves. No intervention had been reported in the supplied material. The language of one-sided moves is the standard step before a sale of dollars.
Donald Trump Jr. exited his advisory role at the prediction market Kalshi, CNBC reported on Nov. 12. A Kalshi spokesperson said it was a mutual arrangement and that both sides agreed that keeping the president's son as an adviser while he serves as a top official created a conflict of interest. The supplied text is truncated before the end of that sentence.
MemesSpeculation watch· Nov 13
Two-times short funds on SMCI and IONQ rose 22% and 19% as a two-times long NBIS fund lost 34%, a day after Nvidia lost its chief executive.
Read the full story →Bittensor subnets hit $34.6M in annualised revenue from real customers, Blockonomi reported on Nov. 13. One subnet, Lium (Subnet 51), recorded $2.70M in GPU rentals from 2,394 customers over 31 days. That is the kind of line a crypto network publishes when it wants to be judged as a business, and it sells compute, the same commodity Nvidia and the neoclouds supply.
GRAM, the Telegram-linked token, fell about 6% on Nov. 13 despite Pavel Durov's prediction that it would become a top-three cryptocurrency, Coinpaper reported. The article also cites 1 million Telegram wallet activations. A prediction from the founder is a promotional statement, not a financial result, and the 6% decline is the market's score of it.
Three small caps filed exchange notices on Nov. 12. Toppoint Holdings was halted by NYSE American on Nov. 10 for a low share price over a substantial period, and its board approved a 1-for-5 reverse split on Nov. 11, to be effected by Nov. 23. Beeline Holdings received a Nasdaq bid-price notice with a grace period ending May 5, 2027. Rani Therapeutics moved to the Nasdaq Capital Market and received until May 10, 2027 to regain compliance.