TREE NEWS reports: China’s insurance institutions have taken divergent positions on bank stocks this year, with smaller insurers such as Hexie Health Insurance and Fude Life Insurance selling bank shares while large insurers including China Life and Ping An Life have been buying. Smaller insurers mainly sold shares of city and rural commercial banks, while larger insurers mainly bought shares of major state-owned banks.
TREE NEWS update: CoreWeave said it expects to issue its next delayed draw term loan (DDTL) within the coming weeks. The AI cloud provider disclosed the timing without specifying the size, pricing or lenders for the facility. DDTLs allow borrowers to draw funds in tranches as needed, a structure CoreWeave has used to finance its GPU infrastructure buildout.
TREE NEWS update: European Central Bank executive board member Piero Cipollone participates in a digital euro roundtable online at 15:50 Beijing time, part of a busy ECB schedule. ECB President Christine Lagarde attends the ninth Paris Peace Forum at 17:45, while board members Kazaks and Nagel also speak. The calendar also includes German October CPI final data and OPEC’s monthly oil report.
TREE NEWS update: Cross-chain protocol Across said its domain registrar Namecheap was hit by a social engineering attack around 02:45 Beijing time on Nov. 11, giving attackers control of its domain. The team was alerted within 15 minutes and moved to shut down the site; across.to was flagged as a phishing site by SEAL911 and Cloudflare revoked its DNS records. Across said all affected users will be compensated and advised revoking approvals via revoke.cash, with its frontend and API staying offline until domain security is restored.
TREE NEWS update: US federal prosecutors unsealed a new indictment on November 10 charging an Iranian-Iraqi dual national linked to the Shiite militia Kataib Hezbollah with helping plan an attack on a British air base used by US forces from a federal prison in New York. Prosecutors say Mohammed Dawood al-Saadi relayed instructions in coded language during family phone calls. The indictment alleges he plotted the attack with an IRGC member and another Iranian man.
TREE NEWS update: China CITIC Bank plans to launch an order-placement function for buying and redeeming accumulated gold from Nov 16, allowing customers to preset prices and quantities for automatic execution when conditions are met. Industrial Bank and Bank of Nanjing have already introduced similar features, while China Construction Bank updated its rules to include pending orders in active accumulation. Banks are also extending trading hours and offering fee discounts to capture retail gold market share as international gold prices fluctuate.
TREE NEWS reports: CoreWeave’s US shares extended their after-hours decline to 4% as company executives took part in an analyst conference call. The move came in post-market trading, with the call under way. No further details were given.
TREE NEWS update: CoreWeave said demand in 2028 will be several times the available compute capacity, and that it will collect $9 billion in prepayments over the next three months. The company did not specify in the material what the prepayments cover or which customers are paying. The figures were disclosed without further detail on capacity or contract terms.
TREE NEWS update: House Democrats have won at least 254 seats, with counting still underway in some districts, and expect to finish near 260. House Democratic Leader Hakeem Jeffries said the result represents “the largest majority any party has held this century.” The party’s final tally could rise as remaining races are called.
TREE NEWS update: CoreWeave said a slowdown in data center construction would increase the value of its assets. The cloud computing provider tied to AI infrastructure framed slower industry buildout as a factor that would lift the worth of its existing capacity. It gave no specific figures or timeline in the remarks.
TREE NEWS reports: Semiconductor-themed exchange-traded funds in China drew more than 13 billion yuan in net inflows over three trading sessions, with several funds hitting record-high share counts as investors bought into the sector’s recent rise. Public fund managers are also expanding their coverage, with multiple new semiconductor-themed funds now in the process of being issued.
TREE NEWS update: CoreWeave raised its service prices by roughly 25% in July and by a further 10% later in the third quarter, with services based on older Nvidia chips up 30%-50% since the previous quarter. The cloud computing provider disclosed the increases without giving specific pricing figures.
TREE NEWS reports: US equity futures closed lower in New York trading on Tuesday, November 10, with S&P 500 futures down 0.22% and Dow futures off 0.19%. Nasdaq 100 futures fell 0.38%, while Russell 2000 futures dropped 0.56%, the steepest decline among the major contracts.
TREE NEWS update: CoreWeave said it will not use the unsecured debt market to finance its business at current yield levels and does not need to do so, calling prepayments more attractive than the debt market. More than 75% of its committed capex through 2027 is tied to investment-grade and enterprise customers, and 70% of its deals have received prepayments.
TREE NEWS reports: The offshore yuan (CNH) closed at 6.6766 per dollar in New York on Tuesday, down 72 pips from Monday’s New York close, with the pair trading in a 6.6649-6.6794 range during the session, as of 05:59 Beijing time Wednesday.
TREE NEWS reports: Spot gold fell 2.60% to $4,032.05 an ounce in late New York trading on Tuesday, Nov. 10, after briefly touching a session high of $4,146.59 in early Asia-Pacific hours and sliding to a session low of $4,013.70 at 00:48 Beijing time. The decline accelerated slightly after U.S. CPI inflation data was released. Spot silver dropped 3.53% to $51.5350 an ounce, and the Philadelphia Gold and Silver Index closed down 5.19% at 350.06.
TREE NEWS update: Tron Inc. (Nasdaq: TRON), the TRX treasury company, reported third-quarter net profit of $14.9 million, up about 22% from $12.2 million a year earlier. Nine-month net profit reached $39.4 million, a roughly 203% year-on-year increase. Digital asset investments rose to $257.8 million as of Sept. 30, with total assets of $275.2 million, while Q3 staking revenue was about $3.18 million, up 41%.
TREE NEWS update: Thailand’s cabinet on June 10 approved a seven-tier regulatory framework for data centers based on power consumption, with projects of 20 megawatts or more facing stricter siting requirements and having to locate in industrial zones. Deputy Prime Minister and Finance Minister Eknithi said the government will set up a one-stop service center to coordinate project approvals, while the National Economic and Social Development Council detailed the tiers ranging from under 0.5 MW to 200 MW and above.
TREE NEWS update: The U.S. Federal Trade Commission said it has joined five states in a lawsuit against Hims & Hers Health. The action adds state parties to the FTC’s case against the telehealth company. No further details on the claims or the states involved were provided.
TREE NEWS reports: The U.S. Commodity Futures Trading Commission has warned prediction-market platform Kalshi that it may soon face charges, people familiar said, over whether the firm failed to properly notify regulators about dozens of proposed new contracts. The probe has run for several months. A Kalshi spokesperson called the warning a procedural error in a small number of contract submissions, many not yet live, and said the company is addressing the matter. The CFTC is also investigating Polymarket.