Alibaba Plans Hong Kong Spin-Off of Chip Unit T-Head
Hong Kong's exchange will let Alibaba spin off its chip subsidiary T-Head. The company has not said when the listing will happen or how large it will be.
Markets & Economy
CoreWeave Lifts 2026 Outlook as Revenue Jumps 168%
CoreWeave beat third-quarter revenue estimates and raised its full-year forecast, while its finance chief said the firm will avoid new unsecured parent-level debt at current yields.
US Prices Rose 0.4% in October as Gas Costs Eased
Consumer prices climbed slightly more than expected, but falling gasoline slowed the pace. The Fed is expected to raise rates again in December.
CoreWeave and Nebius Report With Their Debt Under Scrutiny
Two AI cloud providers that lost about half their value in a month report earnings this week. Investors are waiting to hear how both plan to fund growth.
Google Takes Over Crusoe's Unfinished Wyoming Data Center
Crusoe has sold an unfinished data center campus in southeastern Wyoming to Google, which plans to invest $17 billion in the site. The price was not disclosed.
Europe and Asia Sell Off Stocks After a US Tech Rout
Markets in Asia and Europe dropped on Friday after Wall Street's tech slide. One analyst warns of more selling to come, another does not see an unwinding of the AI trade.