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President Trump threatened on Truth Social to immediately double tariffs on Mexico unless the country stops migrant caravans moving north through its territory. Reuters reported that a group of about 1,500 people, including families, left Tapachula near the Guatemala border and initially planned to travel to Mexico City; some members hoped to eventually reach the U.S. Trump did not specify which tariffs he meant or what legal authority he would use, and the increase has not taken effect. The threat could complicate ongoing U.S.-Mexico trade talks.

Polymarket confirmed it has laid off employees and ended contractor agreements as part of a reorganization it says will prepare the company for its next phase of growth. A person familiar with the cuts said they affected marketing, customer experience and engineering, and that more than half of those let go were contractors. Polymarket disputed claims that it cut 30% of its workforce and did not disclose the number affected. The changes come as rival Kalshi has moved ahead of Polymarket in monthly trading volume, according to Reuters.

President Trump said he told Vice President JD Vance to devote his “complete and total attention” to alleged benefit fraud in Democratic-led states, naming Minnesota, California, and Illinois, instead of diplomacy with Iran. Trump claimed billions of dollars are being stolen and that stopping the fraud could balance the federal budget, but his post provided no evidence for those figures. He also said the U.S. “doesn’t need a deal with Iran,”. Vance had been involved in efforts to restart negotiations; Trump said special envoys Steve Witkoff and Jared Kushner will now lead them.

Nvidia announced Thursday that co-founder Jensen Huang resigned as CEO and a board member, effective immediately; CFO Colette Kress will serve as interim CEO. The resignation follows reports that Nvidia’s board was weighing Huang’s future amid an investigation into whether he was targeted by a foreign intelligence effort involving Alice Huang, a former Megaspeed executive suspected by U.S. officials of ties to Chinese intelligence. Huang acknowledged being unfaithful, while a separate reported relationship with an Nvidia subordinate remains an allegation. Nvidia’s board previously said it had no reason to believe company secrets or national security were compromised.

NEW: Democrats are considering restricting funding for the Iran war when they take control of Congress in January, potentially setting up a major showdown with President Trump, per Reuters.

BREAKING: NVIDIA announces CEO transition as Jensen Huang resigns, effective immediately. CFO Colette Kress has been named interim CEO.

LIVE NOW: @StuDoesAmerica breaks down the latest developments surrounding Nvidia CEO Jensen Huang, the reports about his future at the company, and what prediction markets are saying about his potential departure. youtube.com/live/p1ht4PQfUZA

BREAKING: Nvidia Set to FIRE Jensen Huang xitter.twitterapi.xyz/i/broadcasts/2ReWkWbJR…

JUST IN: Rep. Jim Jordan defeats Steve Scalise, 106-73, to become House Republican leader as the party prepares to enter the minority in January, per AP.

NEW: Kalshi traders are pricing in a 54% chance that Jensen Huang will be out as Nvidia CEO before November 14, 2026, amid reports that the company's board is preparing to remove him.

JUST IN: Nvidia's board is preparing to oust CEO Jensen Huang following reports of two extramarital affairs, including one involving a suspected Chinese spy, per WSJ.

BREAKING: Nvidia CEO Jensen Huang is facing new allegations of a second affair, this time involving a senior executive who reports to him, per the NYT.

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AAA’s national average for regular gas fell below $4 a gallon for the first time since July, reaching about $3.94 on Nov. 11. That’s down about 18 cents from a week earlier and 42 cents from a month earlier. Cheaper winter-blend gasoline and lower seasonal driving demand are helping prices ease, while the Iran war’s disruption to oil supplies contributed to earlier increases. Prices vary widely by state: California’s average was still about $5.67 a gallon.