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1. Millennium, Balyasny and Other Multi-Strategy Hedge Funds Lose Money Together in October as AI Trades Unwind

   The funds sold as diversifiers fell together. Millennium lost 2.3%, Balyasny 3.4% and ExodusPoint 2.4% in October. Citadel's Wellington fund (+1.7%) and Quantedge (+7.2%) were among the few that gained. Losses spread across equity, macro and credit strategies rather than staying in one area.

   Source: Odd Lots · 10 linked references · Topic: Funds & ETFs analysis
2. Nvidia Board Meets on Whether to Oust CEO Jensen Huang Amid Affair and Intelligence Probe

   The board changed course within days. On November 8 it opened an independent probe, said it still had confidence in Huang and saw no reason to believe secrets were compromised. On November 10 it hired Wachtell Lipton, with former acting SDNY US attorney Joon H. Kim leading the inquiry. By November 11, after a second reported affair with Nvidia healthcare VP Kimberly Powell, the WSJ and Reuters reported that directors were preparing to remove him. Bloomberg reported that an outside firm was helping to identify replacements.

   Source: Bloomberg Markets · 11 linked references · Topic: Stocks analysis
3. Anthropic sets $70–$78 IPO range, targeting about $1.4 trillion valuation days after Nasdaq rout

   The amended S-1 sets a $70–$78 range for 825 million shares. Pricing is expected November 18 and trading on Nasdaq under the ticker ANT the next day. At the top of the range, the fully diluted value is about $1.404 trillion. That is up from $965 billion in May but below earlier talk of $2 trillion, and some advisers have been modeling closer to $1 trillion.

   Source: Financial Times · Markets · 13 linked references · Topic: Stocks analysis
4. CoreWeave Stock Jumps 24.7% After Q3 Revenue Beat and New Customer-Backed Funding Plan Ease AI Debt Worries

   Q3 revenue of $3.66 billion beat the roughly $3.55 billion consensus. The order backlog reached $132.5 billion, and 2026 revenue guidance rose to $13.0–13.3 billion. CoreWeave closed at $60.77 on Nov. 11. AI-linked names including Nvidia, Applied Digital and Nebius also gained, and the S&P 500 rose 1.31%.

   Source: WSJ · Markets · 9 linked references · Topic: Stocks analysis
5. Anthropic launches IPO roadshow seeking up to $90.4 billion as SoftBank takes $3.7 billion charge on cancelled AI turbine orders

   Anthropic's amended S-1 offers 825 million shares at $70 to $78 each. Of those, 801.4 million are new shares and 23.6 million come from existing holders. Seven firms have also agreed to buy $26 billion of Class N shares if the offering closes. Together, those terms account for the maximum raise of about $90.4 billion. Reported valuation talk has fallen from $1.5 trillion to $2 trillion earlier to about $1.1 trillion to $1.3 trillion. Pricing is expected the week of November 16.

   Source: Abnormal Returns · 9 linked references · Topic: Stocks analysis
6. Martin Schmalz argues on Rational Reminder #435 that cheaper index funds can lower investors' overall welfare

   In a general-equilibrium model built with William Zame, index fees below roughly 0.20% draw money from bonds into stocks. That raises prices and lowers expected returns. Aggregate investor welfare falls about 6–7% over 20 years, while investors new to stocks gain about 1.31% at a 0.10% fee.

   Source: Rational Reminder · 11 linked references · Topic: Funds & ETFs analysis
7. Nebius shares fall 16% as it raises capex plans and pushes 2026 revenue to the low end of guidance

   The revenue beat ($980.8 million against a $907.5 million consensus) depended heavily on a one-time, asset-light item of about $325 million. 404K Research calculates that without it, quarter-on-quarter growth was about 13% rather than about 68%. Shares fell 16% in the session after rising 15% the day before in a rally across neocloud stocks.

   Source: CNBC · Earnings · 6 linked references · Topic: Stocks analysis
8. Nvidia CEO Jensen Huang Resigns a Week Before the Anthropic IPO That Nvidia Pledged $10 Billion to Back

   Nvidia's SEC filing confirms that Huang resigned on November 12. CFO Colette Kress became interim CEO, and Harvey C. Jones became the company's first board chair. The filing gives no reason. Media reports link the resignation to reported affairs, including one with a woman suspected of spying for China.

   Source: Bloomberg Markets · 11 linked references · Topic: Stocks analysis
9. Brookfield Q3 profit rises to $1.31 billion as asset arm raises $25 billion and Wealth Solutions earnings climb 22%

   Net income attributable to shareholders rose to $1.31 billion, from $219 million a year earlier. Total distributable earnings reached $1.7 billion, or $0.73 per share, up 16%. Excluding $222 million of realized carried interest, distributable earnings per share grew 14%. That gap shows how much realizations can swing the headline figure.

   Source: WSJ · Markets · 9 linked references · Topic: Stocks analysis
10. Anthropic sets $70–$78 IPO price range as seven suppliers commit $26 billion to share class outside lock-ups

    Anthropic's amended S-1 sets a $70–$78 range for 825 million Class A shares, raising at most $64.35 billion. Pricing is scheduled for November 18 and trading on Nasdaq under ANT for November 19. About 20% of shares are going to retail investors, compared with a typical 5–10%.

    Source: Financial Times · Markets · 11 linked references · Topic: Stocks analysis
11. Jensen Huang resigns as Nvidia CEO amid spying probe; CFO Colette Kress named interim chief

    Nvidia's board accepted Huang's resignation as president, CEO and director on November 11. Colette Kress is now interim CEO and remains CFO, and Harvey C. Jones becomes Nvidia's first board chair. Huang had about 60 direct reports, and Nvidia had no formal succession plan.

    Source: The Guardian · Stock markets · 9 linked references · Topic: Stocks analysis
12. Jensen Huang Resigns as Nvidia CEO After Megaspeed Affair; Scrutiny Turns to Chip Export Gaps in Southeast Asia

    Huang resigned on 12 November 2026, and CFO Colette Kress became interim CEO. Four days earlier he had told staff about an affair with Megaspeed executive Alice Huang, and the board opened an investigation. After a second reported affair, Nvidia shares fell nearly 10% and its market value dropped below $4 trillion.

    Source: Odd Lots · 13 linked references · Topic: Stocks analysis
13. Stocks hold up as 10-year Treasury yield nears 19-year high, with locked-in fixed-rate corporate debt slowing the impact

    The 10-year yield reached 5.23% in late September, its highest since 2007, before easing to 4.86% by Nov. 6. Ro's post says the S&P 500 was still up about 10% for the year and about 4% below its record. His explanation is that companies locked in long-dated, fixed-rate debt. Fed research finds that about 80% of debt owed by U.S. public non-financial companies is fixed-rate, so higher rates raise their interest costs only as old debt matures and is refinanced.

    Source: TKer · 12 linked references · Topic: Stocks analysis
14. Jensen Huang resigns as Nvidia CEO after affair with an executive at chip reseller Megaspeed

    Nvidia now has an interim leader for the first time since its founding. Colette Kress took over as interim CEO, Harvey C. Jones became the company's first board chair, and there is no formal succession plan. The board acted one day after a second relationship was reported, and three days after its independent directors had expressed confidence in Huang.

    Source: Abnormal Returns · 11 linked references · Topic: Stocks analysis
15. AJ Ayers Tells Bloomberg's At the Money How Creatives With Irregular Income Should Manage Money

    Irregular income affects many workers, not just artists. In the Federal Reserve's 2025 household survey, 58% of self-employed adults reported income that varied month to month, compared with 30% of all adults and 28% of people working for an employer.

    Source: Masters in Business · 9 linked references · Topic: Personal investing analysis

Edition of November 12, 2026. Each summary is the story's first core idea; the linked page has the sources, timeline and full reasoning.