Li Yihua: Binance's black swan event and the Democratic Party's landslide victory exacerbate market risks, advising traders to stay away from leverage and wait for a right-side opportunity.

US initial jobless claims for the week ended November 7 came in at 200,000, higher than the expected 195,000. The prior value was 189,000.

As Nvidia’s board of directors met Thursday to decide the fate of CEO Jensen Huang, the company’s debt default insurance costs climbed. Data from ICE Data Services shows that Nvidia’s five-year credit default swap (CDS) cost rose 3.25 basis points at one point to an annual rate of 1.445%, approaching the intraday high set on Nov. 3. While this cost has more than tripled since mid-year, it remains roughly half the level of lower-rated hyperscale cloud computing firms SpaceX and Oracle. According to a source familiar with the matter, after multiple extramarital affairs involving Jensen Huang were exposed, Nvidia’s board has been collaborating with an external firm to identify potential CEO successors. The board is considering appointing an interim CEO during its search for a permanent replacement.

Key pre-market news for U.S. stocks today is as follows: 1. Trump says no deal with Iran is needed, noting the era of such agreements is long gone. 2. Multiple investment banks have adjusted NVIDIA’s price targets and ratings: JPMorgan Chase cut NVIDIA’s price target from $320 to $215; Evercore ISI downgraded NVIDIA from "Outperform" to "Market Perform", slashing its price target from $465 to $186. Meanwhile, BofA Global Research lowered NVIDIA’s price target from $350 to $280. 3. Per The Wall Street Journal: Sources familiar with the matter state that NVIDIA’s board is preparing to oust Jensen Huang. 4. Elon Musk: SpaceX is expected to achieve practical computing power equivalent to roughly half of the global total next year. 5. Head of Tesla’s German Gigafactory: Battery cell production will kick off at Grünheide, on the outskirts of Berlin, by mid-next year. 6. Amazon: AWS’s South America region is now open to select customers, with full launch expected by the end of 2026. 7. Head of Microsoft’s Cloud Operations and Innovation division said the company will cover power costs from data center expansion on its own, and will not pass these costs to other power consumers. 8. AMD will make an equity investment in U.S. quantum computing firm PsiQuantum. 9. Google is integrating its Gemini voice assistant into Apple CarPlay, expanding into the in-vehicle AI sector. 10. Strive raised SATA’s dividend yield to 13.25%, and holds approximately 43,153 BTC.

According to Bitget market data, spot gold's intraday decline has widened to 2%, currently trading at $3,907.96 per ounce.

According to HTX market data, Ethereum has dropped below $2,000.

US President Trump’s latest post states: "I have directed Vice President Vance to focus all efforts on the large-scale corruption and crime taking place in Democratic-led cities and states across the U.S. Democratic-led states including Minnesota, California, and Illinois are mismanaged and rife with corruption — it is an outright disaster. Billions of dollars are stolen every month. Curbing this large-scale criminal activity will quickly balance our budget. Corruption runs in the blood of the Democratic leadership! We do not need a deal with Iran now; that era is long gone. We hold hundreds of billions of dollars in Iranian funds and control their straits! Thank you all for your attention to this matter." Driven by this news, U.S. and Brent crude oil rallied nearly $2 in the short term.