News

According to CBS News: The Trump administration has been informed that Nvidia's (NVDA.O) board of directors is preparing to discuss removing CEO Jensen Huang in the near future.

Australia's S&P/ASX 200 index opened down 34.10 points, or 0.37%, at 9119.10 on Thursday, November 12.

A Jonestrading analyst commented on the Jensen Huang case, saying that if the allegations are substantiated in an independent investigation, it's natural to expect the board to remove him. This is standard corporate governance today. An SLC Management analyst stated that how Nvidia handles next week's earnings call will be closely watched. It's hard to imagine Huang stepping down, but equally hard to imagine him staying. I think the board will eventually be forced to remove him and establish a more traditional organizational structure. But this huge gap in judgment may be difficult to bridge with key customers.

A Reuters poll shows that more than 80% of Japanese companies expect wage increases in 2027 to be the same as in 2026.

According to NBC News: In a race for a Republican-held U.S. Senate seat in Mississippi, Democrat Scott Colom defeated incumbent Republican Representative Cindy Hyde-Smith.

Nasdaq futures fell more than 1%, dragged down by Nvidia's (NVDA.O) decline.

AMD (AMD.O) shares rose 3.5% in after-hours trading.

The Wall Street Journal reports that Nvidia's (NVDA.O) board is preparing to hold a meeting as early as today to decide on the future of CEO Jensen Huang.

Nvidia (NVDA.O) shares fell as much as 9% in after-hours trading after media reports indicated that the company is preparing to remove Jensen Huang from his position.

The Wall Street Journal reports that Nvidia is preparing to oust its CEO, Jensen Huang.

Sources say that ExxonMobil (XOM.N) has signed a memorandum of understanding with Venezuela that grants the company a one-year exclusive right to evaluate potential upstream projects in seven regions.

Nvidia (NVDA.O) shares fell as much as 2.6% in after-hours trading. According to the New York Times, Jensen Huang had an affair with an Nvidia executive who reported to him.

Reserve Bank of New Zealand: The Reserve Bank of New Zealand's reverse stress test shows that insurance companies are resilient and have improved risk management.

Iranian Foreign Ministry spokesman Bagaei: The United States and Israel have carried out aggression against Iran, assassinated Iranian officials and scientists, and now they are trying to cover up their responsibility for dealing with aggression, terrorism and war crimes by disseminating false information and portraying themselves as victims.

The Dow Jones Industrial Average rose 254.60 points, or 0.49%, to close at 52,486.49 on Wednesday, November 11; the S&P 500 rose 98.48 points, or 1.31%, to close at 7,619.41 on Wednesday, November 11; and the Nasdaq Composite rose 400.31 points, or 1.60%, to close at 25,466.19 on Wednesday, November 11.

The Nasdaq 100 index has recovered all of its losses since the US midterm elections.

According to the German magazine Der Spiegel, the ruling coalition in Germany has reached an agreement on the 2027 budget, abandoning the cuts to electricity taxes.

Fitch Ratings: Canada's 2026 budget trades a fiscal windfall for a surge in capital spending.

According to the Wall Street Journal, U.S. and Middle Eastern officials say that in recent days, Trump has informed senior advisors and relevant parties that he is open to resuming negotiations with Vance and has authorized Vance to lead the talks. U.S. officials emphasized that discussions regarding sending Vance to meet directly with Iranian officials are still in the preliminary stages.

According to the Wall Street Journal, U.S. Vice President Vance is considering direct talks with Iranian hardliners to push for an end to the war.