⚡️ JUST IN: Commerce Secretary Lutnick agreed to testify before Congress over the Nvidia $NVDA scandal, scrutinized over whether his department kept AI chips from China after Jensen Huang’s ouster.

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⚡️ JUST IN: Singapore charged a fifth person with 41 counts in the Nvidia $NVDA server fraud case involving about $390 million in deals shipped to Malaysia.

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⚡️ JUST IN: An internal post urging Nvidia’s $NVDA board to reinstate Jensen Huang has drawn over 1,600 comments, mostly in “full support.”

The post urges the Board of Directors to “consider employee sentiment” over Jensen Huang’s departure, according to WIRED.

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⚡️ JUST IN: Bloomberg reports that smuggled Nvidia $NVDA chips were used at a Shanghai data center linked to Megaspeed.

The chips were obtained by a Chinese company founded by Alice Huang.

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⚡️ JUST IN: Trump says he would consider a brief military campaign in Cuba.

He told Hugh Hewitt he wants to “get Cuba done” before leaving office and says Marco Rubio “would love to do it.”

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⚡️ JUST IN: Chinese computing projects worth over $3 billion used Nvidia $NVDA's restricted chips, while Nvidia said US controls shut it out of China's AI data-center market.

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⚡️ JUST IN: An Microsoft $MSFT outage is paralyzing businesses worldwide, forcing traders onto phones and alternative communication channels as markets feel the impact.

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⚡️ JUST IN: Vanguard told Vermont regulators a breach exposed Social Security numbers, a hacker claims 14M people’s data taken, no total given, and 3 class actions filed.

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⚡️ JUST IN: October PPI Inflation rises to 6.5%, its highest level since November 2022.

Core PPI Inflation was 5.0%, in line with expectations. CPI, PPI, and PCE inflation continue to rise in the US, pointing toward a December rate hike.

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⚡️ JUST IN: Elon Musk announces a petition to reinstate Jensen Huang as CEO of Nvidia, $NVDA.

Musk says he will sign the petition and supports Jensen Huang’s return to the company.

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⚡️ JUST IN: US FAA issues an advisory grounding all flights nationwide, citing “extraordinary circumstances.”

No further information has been provided.

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Accounts grow by waiting.

Accounts die by needing action.

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⚡️ JUST IN: An open letter to reinstate Jensen Huang as CEO of Nvidia, $NVDA, surpasses 65,000 signatures.

The letter alleges Huang was removed “without meaningful due process” and has been signed by more than 35,000 shareholders and 4,700 current and former Nvidia employees.

Elon Musk said he signed the petition and fully supports Huang’s return.

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🔈 Trump Extends Oil Shipping Waiver

Trump extended for 90 days an exemption from the Jones Act, allowing oil, fuel and other goods to be transported between US ports on foreign-flagged vessels.

The decision aims to lower fuel prices amid the war in Iran and disruptions to energy supplies.

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