TREE NEWS update: China will accelerate the reform and innovation of its services sector statistics during the 15th Five-Year Plan period, the National Bureau of Statistics said at the seventh plenary meeting of the inter-ministerial joint conference on services statistics on June 10. The effort will prioritize data quality and aim to build a monitoring system covering all services industries, both above and below designated size and both online and offline, with scientific indicators and controllable quality.
TREE NEWS reports: The Nasdaq 100 fell more than 1.1% and the semiconductor index dropped over 1.9% in early US trading, with Nvidia down 3.8% for a two-day decline of 7.8%. Nebius lost 2.3%, SanDisk fell 3.3% and SpaceX dropped 3%, while Apple gained 0.5%. Among Chinese ADRs, Li Auto rose 3.2% and Alibaba slipped 0.3%.
TREE NEWS update: Anta Group signed a new three-year global strategic cooperation agreement with UNHCR in Geneva for the “Moving for Change” project, committing to support global humanitarian action from 2026 to 2029. Through the China Charity Federation and the Red Cross Society of China, Anta will provide UNHCR with $1.5 million in cash and 1.2 million pieces of sports equipment to support 300,000 displaced young people in Ethiopia, Kenya and Burundi. The project is expected to reach 600,000 youth cumulatively by 2029.
TREE NEWS update: Gulf Cooperation Council Secretary-General Jasem Al-Budaiwi welcomed the launch of a new round of trilateral Russia-US-Ukraine talks in Abu Dhabi on November 10. Al-Budaiwi said he hoped the talks would yield positive results and practical steps to end the Russia-Ukraine crisis and ease its humanitarian, security and economic fallout. He reaffirmed the GCC’s support for diplomatic efforts to settle disputes peacefully, in line with international law and the UN Charter.
TREE NEWS reports: The S&P 500 opened 36.85 points lower, down 0.49%, at 7,513.09. The Dow Jones Industrial Average fell 226.54 points, or 0.43%, to 52,163.21, while the Nasdaq Composite dropped 205.69 points, or 0.81%, to 25,047.45.
TREE NEWS reports: The yield on the US 2-year Treasury note climbed 15 basis points to 4.71% on Wednesday. The move marks a sharp rise in short-term government borrowing costs.
TREE NEWS reports: Thirty-one liquefied natural gas carriers passed through the Strait of Hormuz in October, the highest monthly count since fighting broke out with Iran in late February, ship-tracking data showed. Of the 31 vessels, 23 loaded at Qatar’s Ras Laffan port and 8 at the UAE’s Das Island. The total volume of LNG carried by the ships was not immediately known.
TREE NEWS update: Anthropic expects its long-term adjusted operating margin to exceed 35%, the AI developer said. The projection is a forward-looking target rather than a reported result, and no timeframe or supporting figures were disclosed. The figure refers to adjusted operating margin, a non-standard measure that excludes certain costs.
TREE NEWS update: Anthropic PBC has published an IPO roadshow video on its website, a step typically taken as a company prepares to market a public listing to investors. The company did not disclose further details on timing, exchange or offering size in the posting. The video’s appearance signals the AI developer is moving forward with preparations for an initial public offering.
TREE NEWS update: Fang Rui, former member and deputy secretary of the Political and Legal Affairs Commission of the Inner Mongolia Autonomous Region Party Committee, has been expelled from the Communist Party and dismissed from public office over serious disciplinary and legal violations. The Inner Mongolia Autonomous Region Commission for Discipline Inspection and Supervision announced the decision on the 10th, following an investigation approved by the regional party committee.
TREE NEWS reports: A batch of short videos calling to “cancel takeout” and “take down food delivery” that spread on Chinese social platforms was manufactured by MCN agencies, state broadcaster CCTV reported. The videos followed a common template and were mass-produced by multiple accounts over a short period, creating the appearance of spontaneous appeals from individual restaurant owners. The outlets behind them were exploiting the principle that emotion drives traffic, CCTV said.
TREE NEWS update: Bitdeer reported record third-quarter revenue of $320.7 million, with bitcoin production surging 248% to 3,855 BTC. The company’s net loss widened to $125.5 million for the quarter.
TREE NEWS update: Swiss National Bank’s Martin said the Swiss economy will grow moderately in the coming quarters. The remark points to continued expansion at a measured pace rather than a sharp acceleration. No further details or figures were provided.
TREE NEWS update: Alibaba announced plans to spin off and separately list its wholly owned subsidiary T-Head (Shanghai) Technology Co. on the Hong Kong Stock Exchange’s main board. A professional investment institution has valued T-Head at $20 billion to $30 billion. The filing disclosed the spin-off plan but did not specify a timetable or offering size.
TREE NEWS update: White House National Economic Council Director Hassett said US CPI data came in disappointing, with the ‘trickle-down effect’ of energy prices now showing up in the figures. He did not elaborate on the specific components driving the reading. The comments point to continued price pressure tied to energy costs.
TREE NEWS update: Pendle has listed four fixed-term USDe markets on Ethereum, with initial quoted annualized yields ranging from 5.24% to 6.00%. Each of the four pools carries roughly $10,000 in liquidity.
TREE NEWS reports: Jia Guolong, chairman and legal representative of Inner Mongolia Xibei Catering Group, pledged his entire direct stake in the company, totaling 26.604027 million yuan, to Shanghai Pudong Development Bank’s Beijing branch, per a new equity pledge filing on the National Enterprise Credit Information Publicity System. His wife, Zhang Liping, had previously pledged all of her direct stake in Xibei to a bank.
TREE NEWS reports: The secured overnight financing rate (SOFR) was 3.88% on Nov. 9, unchanged from the prior day. The effective federal funds rate also held at 3.88% for the same trading day. The reading came a day before the release of U.S. CPI inflation data.
TREE NEWS update: Adobe will integrate Google’s newest artificial intelligence models into its creative and productivity tools, the company said. The move embeds Google’s AI capabilities directly into Adobe’s software suite, which includes Photoshop and Document Cloud. No timeline or financial terms were disclosed.
TREE NEWS update: Anthropic has set an IPO price range of $70 to $78 per share, valuing the Claude developer at up to $1.4 trillion. Alongside the listing, the company is lining up $26 billion in a private placement from Nvidia, Google and other tech giants.