Oil and Gold Steady, US Stocks Mixed on Nvidia CEO Scandal

MGR Online•International•21m ago

Reader Briefing

US stock markets closed mixed on November 13 following the resignation of Nvidia CEO Jensen Huang amid a scandal.

•Nvidia CEO Jensen Huang resigned on November 12 after reports of an affair with a businesswoman suspected of being a Chinese spy.
•US crude oil and gold prices remained steady on November 13 despite various geopolitical and economic pressures.
•The US Department of Labor reported that the October Producer Price Index rose 6.5% year-on-year, the highest since November 2022.
•Nvidia's board is reportedly contacting Rene Haas, CEO of Arm Holdings, as a potential successor to Jensen Huang.

•West Texas Intermediate crude oil for December delivery closed at 88.56 dollars per barrel on November 13.
•Brent crude oil for January delivery closed at 95.84 dollars per barrel on November 13.
•The International Energy Agency reported an increase in global excess oil supply on November 13.
•The US Department of Labor reported the October Producer Price Index increased 6.5% year-on-year.
•Jensen Huang resigned as CEO of Nvidia on November 12 following allegations of a relationship with a suspected Chinese spy.
•Nvidia shares fell 2.2% on November 13, marking the sixth consecutive week of decline.
•The Nvidia board is reportedly approaching Rene Haas of Arm Holdings to succeed Jensen Huang.
•US gold futures for December delivery closed at 3,886.30 dollars per ounce on November 13.

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Nvidia(เอ็นวิเดีย)ℹ️

A technology company whose shares fell following the resignation of its CEO.

Arm Holdings(อาร์ม โฮลดิ้ง)ℹ️

A UK-based chip manufacturer led by CEO Rene Haas.

International Energy Agency(บวงพลังงานสากล(ไออีเอ))ℹ️

An organization that reported an increase in global excess oil supply on November 13.

US Energy Information Administration(สำนักงานสารสนเทศด้านพลังงานแห่งสหรัฐฯ(อีไอเอ))ℹ️

A US agency that reported an increase in US crude oil and fuel reserves.

Fed(เฟด)

The US central bank whose interest rate decisions are anticipated by investors.

US Department of Labor(กระทรวงแรงงานสหรัฐฯ)ℹ️

The government body that released the US Producer Price Index for October.

Financial Times(ไฟแนนเชียลไทมส์)ℹ️

A newspaper that reported the Nvidia board's approach to Rene Haas.

Jensen Huang(เจนเซ่น หวง)ℹ️

The former CEO of Nvidia who resigned on November 12.

Rene Haas(เรเน ฮาส)ℹ️

The CEO of Arm Holdings whom the Nvidia board is contacting as a potential successor.

United States(สหรัฐฯ)ℹ️

A country involved in conflicts with Iran and the source of inflation data.

Israel(อิสราเอล)ℹ️

A country involved in conflict with Iran.

Iran(อิหร่าน)ℹ️

A country facing conflict from the United States and Israel.

United Kingdom(สหราชอาณาจักร)ℹ️

The location of the chip manufacturer Arm Holdings.