Maple Finance co-founder and COO resigns due to strategic differences.

Maple Finance co-founder Joe Flanagan and Chief Operating Officer Ryan O’Shea are leaving the company due to strategic differences. Joe Flanagan will leave after seven years in the role, assisting with the transition until the end of 2026; Ryan O’Shea will step down on November 27. Joe Flanagan's responsibilities will be taken over by CEO Sidney Powell and the existing management team. Maple Finance reported third-quarter revenue of $4.4 million, a 5% year-over-year increase; assets under management grew 18% year-over-year to $4.7 billion. SYRUP fell 7.5% in the past 24 hours and 12% in the past week; as of November 11, the total value locked in the protocol was down approximately 11% from the end of September.

On November 13, Nvidia (NVDA.O) interim CEO Colette Kress and Chairman of the Board Harvey Jones sent separate letters to employees. Colette Kress thanked employees for remaining professional during this extraordinary time, while Harvey Jones stated that the board has full confidence in Colette Kress's ability to deliver on her commitments. Nvidia's board of directors confirmed that it is searching for a permanent CEO, with both internal and external candidates under consideration, and will hold an all-hands meeting on November 18.

Nvidia's interim CEO and CFO, Colette Kress, had objected to the high-risk deal pushed by Jensen Huang. Kress opposed Nvidia's plan to provide up to $250 billion in credit support for OpenAI, a deal that was ultimately broken up, with Nvidia currently only committing to approximately $100 billion in credit support. With data center projects delayed and cloud computing deals canceled, Colette Kress has begun diversifying Nvidia's financial exposure to a small number of customers. Nvidia has provided over $100 billion in financial support, including investments and credit guarantees, to customers and supply chain partners, raising concerns among some investors that the company may tighten its financing. One cloud service provider has already considered switching to Google or AMD chips. Colette Kress also faces challenges such as diversified customer sourcing, tightening U.S. export controls, and internal power realignment within the company. She has also had disagreements with Jensen Huang and his family over company matters. (Source: The Information)

According to data from the U.S. Treasury Department, the U.S. fiscal deficit reached $404 billion in the first month of fiscal year 2027 (October 2026), an increase of 42% year-on-year. Government spending that month increased by 12% year-on-year to $773 billion, while tax revenue decreased by 9% to $369 billion, of which tariff revenue decreased by approximately 39% year-on-year to $19.2 billion. Increased military spending, healthcare expenditures, and national debt interest payments have driven up government spending, while higher-than-expected tariffs and corporate tax refunds have dragged down tax revenue. The U.S. Treasury Department projects the fiscal deficit will rise slightly to approximately $2.2 trillion this fiscal year. The previous fiscal year's deficit was $1.99 trillion, approximately 6% of GDP.

Bank of America's trading division noted that hedge funds are re-betting that interest rate-sensitive stocks will fall. Data from Bank of America traders showed that as of 1:40 p.m. New York time on Thursday, small-cap stocks with predominantly short positions were down an average of 2.47%. As of 2:43 p.m., the Russell 2000 index was down 1.4%. John Egan, head of global short selling analytics and tactical solutions at Bank of America, said that stocks with widespread short positions are underperforming, which favors short selling.