Morning Edition · Thursday, November 12, 2026
Markets
Jensen Huang Resigns as Nvidia Chief Executive, Shares Drop as Much as 14% and Finance Chief Colette Kress Steps In
Nvidia's board named its chief financial officer interim chief executive and appointed its first chair. Analysts cut their price targets five days before the company reports quarterly results.
Geopolitics
Nvidia Spy Allegation Tests US-China Trade Truce as Xi Offers Taiwan Dialogue on Beijing's Terms
Xi Jinping offered talks on reunification based on the "1992 Consensus" a week before he is due to meet Donald Trump in Shenzhen, while Group of Seven foreign ministers said China's actions east of Taiwan threaten stability.
Markets
Oil Drops More Than $1 as Traders Bet on Iran and Ukraine Talks
The fall reversed Wednesday's 1% gain after Iran said it would keep its enriched uranium, and Tehran's chief negotiator said he is waiting for a formal US reply to seven conditions sent through Qatar.
Geopolitics
US Envoys Meet Putin in Moscow After Abu Dhabi Round Yields a Prisoner Swap but No Territorial Deal
Steve Witkoff and Jared Kushner were set to see Kirill Dmitriev, the head of Russia's sovereign investment fund, before the Kremlin talks, and Russia fired ballistic missiles at Kyiv hours after the Abu Dhabi session ended.
Geopolitics
Ukrainian Drones Hit Russia's Largest Refinery in Omsk, 2,500 Kilometers From the Border
Russian state media said its forces struck Ukrainian defense-industry and energy sites overnight, and a Russian attack cut power in the Shepetivka district of Khmelnytskyi Oblast.
Crypto
MSCI Drops Strategy From Its Indexes as Bitcoin Holds Near $74,000
Index funds must sell about 13 million Strategy shares by the November 30 close, while bitcoin trades about 7% below last week's level and gold sits near $4,050 an ounce.
Markets
Banco do Brasil Profit Falls 66.5% as Farm-Loan Defaults Climb
The state-controlled lender cut its full-year earnings guidance and its dividend payout to the 25% legal minimum, as the government presented a spending-restraint bill aimed at its 2027 surplus target.
World
Spain Holds First General Strike in 14 Years Over Housing Costs, Weeks Before a Snap Election
Authorities counted about 120,000 marchers in Madrid, and riot police clashed with masked protesters in Barcelona after a peaceful march.
Macro
China Warns of "Severe" Punishment for Offshore Trust Tax Evasion as Income-Tax Revenue Jumps 90%
Taxpayers have declared more than 160 billion yuan in income tax on offshore trusts in total, according to a Chinese report that tied the surge in October receipts to rules that took effect this year.
Macro
Bank of Japan's Asada Argues Against an Early Rate Rise as Producer Prices Climb 7.1%
The board member, who voted against both of this year's increases, said the 1.25% policy rate is already within the bank's estimated neutral range, though a December hike remains the market consensus.
Macro
Argentina's Treasury Releases Pesos After Rolling Over Less Than All Maturing Debt
The Economy Ministry reported a 103% rollover by excluding two inflation-linked bonds, while analysts who counted them put the figure near 84%, which leaves about 1.7 trillion pesos in the market.
Geopolitics
Houthis Claim Strike on Saudi Pumping Station Near Yanbu and Deny Targeting Mecca
The World Health Organization says more than 320,000 people have been displaced in Yemen since August 1, as Saudi Arabia steps up airstrikes and the Houthis widen attacks on Saudi airports and oil sites.