TREE NEWS reports: Petrobras reported third-quarter adjusted EBITDA of 85.82 billion reais, missing analysts’ expectation of 95.59 billion reais. Sales for the quarter came in at 169.35 billion reais versus an expected 177.56 billion, while net profit was 39.75 billion reais against a forecast of 46.62 billion.
TREE NEWS reports: JPMorgan strategists said the front end of the U.S. Treasury yield curve looks “fairly priced” after Tuesday’s sharp selloff, but warned that a broader shift toward the more hawkish stance shown by some Federal Reserve officials could trigger a sharper bond selloff and flatten the curve.
TREE NEWS reports: US stock index futures for all three major indices rose 0.1% in early Asia-Pacific trading on Wednesday. The move covers futures tied to the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, with no further detail on individual contracts or drivers provided.
TREE NEWS update: Project Faro, a stablecoin venture backed by Goldman Sachs, Citigroup and BBVA, has secured $270 million in funding to launch a US dollar stablecoin in the first half of 2027. The initiative brings together major global banks to issue a dollar-pegged token.
TREE NEWS reports: CoreWeave CEO Mike Intrator and CFO Nitin Agrawal discussed the AI cloud provider’s strong operating performance, rapid revenue growth, robust demand and pricing power on the company’s earnings call, emphasizing a structured financing approach built on customer contracts, asset-backed delayed draw term loans and prepayments rather than unsecured debt at the parent level. The executives did not address Nvidia CEO Jensen Huang’s mid-October remarks that CoreWeave “doesn’t need Nvidia’s backstop” and that the company is strengthening with a declining cost of capital.
TREE NEWS update: House Republicans blocked an attempt to impeach Defense Secretary Pete Hegseth over U.S. military operations in the Middle East and Latin America, forcing a procedural vote that passed 211-204 to prevent fast-track consideration of articles introduced Monday by Kentucky Republican Thomas Massie. Democrats are all but certain to revive the impeachment effort once they hold majorities in both chambers next year, though whether they could muster the two-thirds Senate vote needed to convict remains in question.
TREE NEWS reports: Jericho Capital Asset Management’s flagship hedge fund plunged 17% in October, wiping out all of its gains for the year and pushing its year-to-date return to about -2%. As of the end of June, the tech- and media-focused fund held 29 stocks, with nearly half of its exposure in technology names, followed by communications. Its two largest positions, Fa5 Inc. and AppLovin Corp., each fell more than 20% in October.
TREE NEWS update: China’s Vice President Han Zheng met UN Secretary-General António Guterres on the sidelines of the COP31 leaders’ summit in Antalya, Turkey. The meeting took place during the 31st Conference of the Parties to the UN Framework Convention on Climate Change. No further details of the discussion were disclosed.
TREE NEWS update: China’s financial regulator approved capital increase plans for Dongguan Bank and Hubei Bank, allowing them to raise up to 800 million and 2.5 billion shares respectively. Both banks have completed a previous round of capital expansion as they await slow-moving A-share IPOs. The approvals come as small and mid-sized banks face pressure on capital adequacy ratios while their listing processes drag on.
TREE NEWS update: USDC Treasury minted 250 million USDC on the Solana blockchain at 06:29 Beijing time on November 11. The minted tokens are worth approximately $250 million. Solscan data shows the minting transaction was successfully executed.
TREE NEWS update: CoreWeave said a shift in US regulatory direction following the midterm elections will not affect the company, adding that it will wait until the 2028 US presidential election before further analyzing the market. The cloud computing firm also said it is studying power and capacity for 2028.
TREE NEWS reports: Public mutual funds in China have pushed the duration of their bond holdings to the highest level in nearly three years, using duration strategies to boost returns as domestic interest rates keep falling. Several pure-bond products have posted year-to-date returns above 10%, outperforming many equity funds, with local government bond coupons, duration trading in rate bonds and leveraged carry strategies driving the gains.
TREE NEWS reports: CoreWeave said more than 75% of its committed capital expenditure through 2027 is tied to investment-grade and enterprise customers, with about 25% linked to leading global AI labs and AI-native companies. The company collected prepayments in 70% of deals this year, with customers prepaying up to 100% of contract value. At current pricing, 2027 renewals are expected to add nearly $4 billion in incremental annualized revenue without additional capex.
TREE NEWS reports: Bitcoin miner HIVE said its Boden facility could generate $45 million in annual revenue from an AI deal, but the June letter of intent remains nonbinding as executives negotiate financing and customer protections for the project. The company did not disclose a timeline for converting the agreement into a binding contract.
TREE NEWS reports: A-share private fund managers are converging on a balanced, “barbell” allocation strategy as the market stabilizes after a liquidity-driven deleveraging, with dividend assets and oversold tech stocks alternating in activity this week. They argue the recent correction was a localized deflation of bubbles rather than a reversal of industry trends, and see structural opportunities and a market-repair window emerging gradually.
TREE NEWS update: Canada will impose sanctions on 11 Iranian entities, including banks, insurance companies and an oil tanker operator, accused of helping Iran develop nuclear weapons and ballistic missiles or fund violence abroad. Global Affairs Canada said the measures are aligned with the G7 and aim to push Iran to cooperate with the IAEA. Canadian citizens are barred from any financial dealings with the named entities.
TREE NEWS update: CoreWeave said its compute capacity is “largely sold out” through 2027. The remark indicates demand for its GPU infrastructure continues to outstrip available supply over a multi-year horizon. No specific figures or customer names were disclosed.
TREE NEWS update: LlamaRisk filed an ARFC proposal on the Aave governance forum to limit Aave V3 Core to liquid blue-chip collateral, shifting other assets to Aave V4. The affected assets — rsETH, osETH, LBTC, tBTC, rETH and several smaller exposures — held about $1.33 billion in collateral against roughly $1.03 billion in borrowings as of Nov. 9. The first step freezes those markets, halts new deposits and sets LTV to zero, leaving existing positions unaffected.
TREE NEWS reports: A wave of leading Chinese technology companies has announced share buybacks, insider stake increases and dividend plans, with Focuslight Technologies disclosing its first buyback via centralized bidding and Shengyi Electronics unveiling a major shareholder’s stake-raising plan. So far this year, 3,742 A-share listed companies have paid dividends totaling nearly 2.3 trillion yuan, alongside密集 buyback and stake-increase moves.
TREE NEWS reports: As of Nov. 9, only three A-share listed companies had been accepted by courts for bankruptcy reorganization this year — *ST Huawen, *ST Xifa and *ST Zhongji — down from nine in the same period last year. Several firms remain in pre-reorganization, with some industrial investors voluntarily offering longer lock-up periods and higher own-funding ratios. The bar for reorganization is rising as the focus shifts from shell-preservation arbitrage to industrial integration.