U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

Bloomberg, citing people familiar with the matter, reports that as the longest-serving Federal Reserve policymaker approaches retirement, the Fed is discussing term limit rules for regional Federal Reserve bank presidents. The focus is on whether John Williams, president of the Federal Reserve Bank of New York, can serve until June 2028, marking 10 years in his role, or must step down in June 2027 when he turns 65. According to relevant rules, regional Fed presidents generally must retire at 65; however, those first appointed after age 55 may serve until either completing 10 years in the role or reaching age 75, whichever comes first, as decided by the regional bank’s board. One point of contention is whether Williams’ tenure as president of the Federal Reserve Bank of San Francisco from 2011 to 2018 counts toward the 10-year term. Williams and several observers had previously interpreted the rules as allowing him to serve until June 2028. He told Bloomberg last month that he plans to stay in the role until that time, calling it a commitment to the New York Fed’s board and his family. If Williams departs in 2027, Fed governor Kevin Warsh would have the opportunity to influence the appointment of this key regional Fed leader one year in advance. The people familiar with the matter said it remains unclear whether Warsh or other board officials support ending his tenure early; requiring Williams to step down prematurely could trigger opposition from other regional Fed presidents, who fear further Washington interference in the operations of regional Fed banks. A spokesperson for the Federal Reserve Board and Pat Wang, chair of the New York Fed’s board of directors, both declined to comment. The New York Fed’s board has not officially launched a successor selection process, which typically takes several months.

According to The Wall Street Journal, citing sources familiar with the matter, Nvidia’s board of directors is preparing to oust the company’s founder and CEO Jensen Huang. The board may hold a meeting as early as today (local time 11th) to decide the fate of CEO Huang, who has faced scrutiny over two extramarital affair allegations. Earlier, The New York Times revealed that Huang also had an extramarital relationship with an Nvidia executive who reported directly to him. Data from the BIT Stock Platform shows that, likely due to the news, Nvidia (NVDA.O) dropped as much as 9% in US after-hours trading.

According to Predict.fun data, the probability of "Yes" for the question "Will Jensen Huang resign or be removed from office before December 31?" on the prediction market has surged to 88% following the emergence of relevant reports. Earlier, The Wall Street Journal reported that NVIDIA’s board of directors is preparing to oust the company’s founder and chief executive officer Jensen Huang. The board may hold a meeting as early as today (local time, the 11th) to decide on CEO Jensen Huang, who has come under scrutiny over two allegations of extramarital affairs.

MSCI released the results of its November global standard index review, with Strategy (MSTR, formerly MicroStrategy) Class A shares added to the MSCI USA Index exclusion list. The adjustment is based on price cutoff data as of October 20, and will take effect after the close of November 30. This move implements new rules MSCI announced on October 15, which will exclude "non-operating companies" identified via quantitative screening from global investable market indices. The rules first assess whether an issuer holds substantial operating assets; those that fail the assessment undergo screening against five financial ratios, and will be ineligible for inclusion if four or more ratios are breached. Existing index constituents will only be removed if they fail the screening in both of the most recent two annual reporting periods.

According to data from the BIT Stock Platform, the Nasdaq Composite extended its gains to 2%, the S&P 500 rose 1.31% on the day, and the Dow Jones gained 0.1%. CoreWeave’s stock jumped over 25%, marking its largest single-day percentage gain since June 2025. The Philadelphia Semiconductor Index expanded its intraday gain to 7%. Micron (MU.O) rose over 13%, Intel (INTC.O) gained over 9%, AMD (AMD.O) climbed over 7%, Broadcom (AVGO.O) increased over 6%, NVIDIA (NVDA.O) advanced over 4%, ASML (ASML.O) rose over 3%, and Qualcomm (QCOM.O) gained over 2%.

Lending protocol Aave announced that, following approval from Aave DAO, Aave V3.8 developed by Aave Labs has launched on 15 Aave V3 markets. The update adds new security measures to Aave V3 to meet safety standards. Per a governance proposal submitted by Aave Labs, V3.8 is a security-focused, minimally disruptive upgrade that primarily adds reentrancy locks for pool operations during external callbacks. The protection mechanism leverages transient storage (EIP-1153) to maintain accounting consistency when a single transaction interacts with the pool multiple times, while guarding against theoretical reentrancy attacks. Thanks to the use of transient storage, the associated gas overhead remains low. The upgrade covers active Aave instances across 15 blockchains: Ethereum, Plasma, Avalanche, BNB Chain, Monad, Base, Arbitrum, Mantle, X Layer, Polygon, Linea, Optimism, Gnosis, MegaETH, and Celo. Aave Labs clarified that flash loans can still be combined with pool operations such as liquidations in the same transaction, but flash loans cannot be initiated mid-other pool operations. The version passed audits by Certora and third-party firms before moving to on-chain governance voting.