OCTOBER'S 🇺🇸 CPI:
What got cheaper:
• Coffee: -3.6%, largest monthly drop on record
• Distilled spirits (ex whiskey): -1.5%, record decline
• Used cars: -1.2%, biggest drop since January
What got pricier:
• Lettuce: +7.9%
• City bus & train fares: +6.6%
• Newspapers & magazines: +4.5%
• Women's dresses: +3.7%
• TVs: +3.3%
• Food overall: +0.5%, biggest rise since April
• Groceries: +0.4%, biggest rise since April
• Dining out: +0.5%, biggest rise since December
All changes are month-over-month
Fable 5.2 solved two open problems in theoretical physics related to black holes.
In the first, Fable 5.2 completed a laborious calculation that had gone unsolved for 23 years.
One night in June of 2024, in a Taipei bar, a Chinese businesswoman named Alice Huang made a bet with some technology executives that she could get Jensen Huang, the C.E.O. of Nvidia, to come meet them. After midnight, he showed up, wearing his black leather jacket, and joined the group for some whiskey drinks. (One of the executives who was there told the story to The New York Times.)
Alice Huang, who is not related to the Nvidia C.E.O., was a top executive at a Singapore-based company called Megaspeed. In the three months after the meeting Megaspeed bought a billion dollars' worth of Nvidia technology. In the next nine months, it bought another billion dollars' worth.
On paper, this was all legal. Megaspeed built data centers in Malaysia and then rented the computing power to Chinese companies, mostly Alibaba. The U.S. bans selling its most advanced A.I. chips to China, but it's O.K. to rent the computing power to Chinese companies in a neighboring country.
But in late 2024, a U.S. Commerce Department official visited Megaspeed's Malaysian data center and found Nvidia chips still in their boxes. Investigators began to suspect that some of the chips were being moved on into China.
And then, as the Times revealed this past October, things got worse. US intelligence had concluded that Alice Huang was a Chinese intelligence asset, reporting to China, and that she developed a close personal relationship with Jensen Huang.
President Trump was briefed about a year ago and decided not to do anything. The Times reported that he didn't want to risk Nvidia chip sales, which are helping drive the stock market. Jensen Huang was never told about the intelligence finding.
Nvidia says that it's the C.E.O.'s job to meet with customers, that Megaspeed got no secrets, and that the company found nothing wrong in its investigation into the smuggling allegations. Jensen Huang has said that Nvidia can account for all of Megaspeed's chips.
Ultimately, stopping the chips from going to China came down to two judgments. One was Nvidia's word about its customer. The other was a president weighing an intelligence finding against trade with China and an economy that Nvidia sales are helping boost. In a case like this, American export controls are only as good as those two decisions.
You can't make this up:
At 6:00 PM ET, US stock market futures opened for the first time since Nvidia CEO Jensen Huang admitted to a "relationship" with a Chinese spy.
By 6:01 PM ET, S&P 500 futures had erased an implied -$300 billion in market cap.
Then, by 6:07 PM ET, all losses were erased and S&P 500 futures turned green, adding back an implied +$350 billion in market cap as traders bought the dip.
That's a $650 billion swing in implied market cap due to a CEO's relationship.
We all just witnessed the strangest record in stock market history.
MEXC is aware of the order issued by the U.S. Financial Crimes Enforcement Network (FinCEN) on November 6, 2026, and is reviewing it closely in coordination with our legal and compliance teams.
MEXC is operating normally, and user assets remain secure.
We take the concerns raised seriously and intend to engage constructively with FinCEN, as well as other relevant regulators and competent authorities worldwide. We have also begun an independent review of our AML and sanctions controls.
We will continue to monitor the situation closely and provide further updates through our official channels.
‼️ BREAKING: The US Treasury just sanctioned 8 CANADIAN businesses for helping the Iranian regime,
AND CALLED CANADA OUT BY NAME.
Bessent said “Canada cannot be a safe haven for illicit financial facilitators that provide sanctions evasion services."
The Treasury says Canada’s home to "hundreds" of money services businesses moving funds in & out of Iran.
They’ve transacted with addresses tied to the IRGC, a designated terrorist group.
Remember, the CBSA opened 115 investigations into senior Iranian regime officials LIVING IN OUR COUNTRY.
And only one person has been deported.
So far, ZERO statement from Carney.
If you don’t see it, let me spell it out for you:
THE US IS POLICING CANADA'S IRAN PROBLEM BECAUSE THE LIBERALS WON'T.