{"id":74516,"date":"2026-11-11T10:38:17","date_gmt":"2026-11-11T14:38:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-alert-nvidia-faces-subpoena-threat-euro-slumps-to-18-month-low\/74516\/"},"modified":"2026-11-11T10:38:17","modified_gmt":"2026-11-11T14:38:17","slug":"market-alert-nvidia-faces-subpoena-threat-euro-slumps-to-18-month-low","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-alert-nvidia-faces-subpoena-threat-euro-slumps-to-18-month-low\/74516\/","title":{"rendered":"Market Alert: Nvidia Faces Subpoena Threat; Euro Slumps to 18-Month Low"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) CEO Jensen Huang<\/strong> faces a potential congressional subpoena if he fails to respond to the <strong>House Select Committee on the Chinese Communist Party<\/strong> by the end of business today regarding alleged ties to a suspected Chinese intelligence asset.<\/li>\n<li><strong>The Euro (EUR\/USD)<\/strong> tumbled <strong>0.61% to $1.1097<\/strong>, marking its lowest level against the U.S. Dollar since <strong>May 2025<\/strong>, driven by &quot;sticky&quot; U.S. inflation data and political instability in the Eurozone.<\/li>\n<li><strong>UK Treasury Permanent Secretary James Bowler<\/strong> confirmed an official investigation into a <strong>Bloomberg<\/strong> leak of bank tax information that triggered a significant rally in banking shares prior to the official budget announcement.<\/li>\n<li><strong>Palantir (<a href=\"\/stock\/PLTR\">PLTR<\/a>) CEO Alex Karp<\/strong> signaled a potential political pivot, stating he is open to backing a <strong>Democratic presidential candidate in 2028<\/strong> despite reaping billions in contracts under the current administration.<\/li>\n<\/ul>\n<h2>Nvidia CEO Under Fire Over National Security Concerns<\/h2>\n<p>House China Panel Chair <strong>John Moolenaar<\/strong> has issued a stern ultimatum to <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) CEO <strong>Jensen Huang<\/strong>, setting a deadline of end-of-business today for a response to inquiries regarding his interactions with a suspected Chinese intelligence asset. The committee is investigating reports of Huang&#39;s relationship with <strong>Alice Huang<\/strong>, a former executive at Singapore-based <strong>Megaspeed<\/strong>, which U.S. intelligence has reportedly identified as a PRC asset.<\/p>\n<p>Lawmakers are demanding a closed-door briefing to determine if <strong>privileged information<\/strong> or preferential access to advanced chips was compromised. While <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>\u2019s board conducted an internal review on <strong>November 9<\/strong> finding no evidence of security breaches, Moolenaar dismissed the findings as insufficient. Failure to comply with today&#39;s deadline will likely result in formal <strong>subpoenas<\/strong> from the joint committee.<\/p>\n<h2>Euro Hits 18-Month Low Amid Dollar Strength<\/h2>\n<p>The <strong>Euro<\/strong> fell to its weakest level in over a year and a half on Wednesday, dropping below the <strong>$1.11<\/strong> threshold. The decline follows a U.S. Consumer Price Index (CPI) report that indicated <strong>inflation remains stickier than anticipated<\/strong>, fueling expectations that the Federal Reserve will maintain a hawkish monetary stance.<\/p>\n<p>Concurrently, the common currency is facing downward pressure from <strong>political and fiscal challenges<\/strong> in France and Spain. Analysts note that the widening yield spread between U.S. and European bonds continues to favor the <strong>Greenback<\/strong>, with the Euro now down more than <strong>4%<\/strong> over the last 12 months.<\/p>\n<h2>UK Launches Probe into Market-Moving Budget Leak<\/h2>\n<p>The UK government has launched a formal investigation led by the <strong>Government Security Group<\/strong> into how sensitive bank tax details were leaked to the media. Hours before the October 28 budget, <strong>Bloomberg<\/strong> reported that the <strong>Bank Corporation Tax Surcharge<\/strong> would be less severe than feared, causing shares of major lenders like <strong>Barclays<\/strong>, <strong>Lloyds<\/strong>, and <strong>NatWest<\/strong> to surge.<\/p>\n<p>Treasury Permanent Secretary <strong>James Bowler<\/strong> acknowledged a &quot;necessary widening&quot; of knowledge within the government prior to the budget but insisted no external bodies were briefed. <strong>Dame Meg Hillier<\/strong>, chair of the Treasury Committee, criticized the move as part of a &quot;doom-loop of dead-end investigations,&quot; expressing skepticism that a culprit will be identified.<\/p>\n<h2>Palantir\u2019s Alex Karp Eyes 2028 Democratic Support<\/h2>\n<p>In an exclusive interview, Palantir (<a href=\"\/stock\/PLTR\">PLTR<\/a>) CEO <strong>Alex Karp<\/strong> revealed he is open to supporting a <strong>Democratic candidate<\/strong> for the 2028 presidential election. This marks a notable shift for the executive, who has recently been closely aligned with the current administration&#39;s &quot;Trump 2.0&quot; policies and has seen his company&#39;s valuation swell to over <strong>$70 billion<\/strong> on the back of government defense contracts.<\/p>\n<p>Karp, who describes himself as a lifelong &quot;progressive,&quot; suggested that the Democratic Party has &quot;corrected&quot; enough in 2026 to potentially win back his support. He emphasized that Palantir&#39;s AI products are inherently progressive by strengthening Western lethal capabilities, though he remains a vocal critic of &quot;woke&quot; excesses within Silicon Valley.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) CEO Jensen Huang faces a potential congressional subpoena if he fails to respond to the House 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