China’s big tech groups miss out on AI stock market frenzy
Tencent and Alibaba left behind as investors focus on pure AI plays
Economic news
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Scottish Mortgage defends $1.25tn SpaceX valuation ahead of IPO
UK investment trust’s valuation means its holding in Elon Musk’s company is worth £3bn
Markets raise chances for a Fed rate hike following hot inflation report
Market pricing took virtually any chance of a cut off the table between now and the end of 2027.
Blue Owl retail fundraising evaporates amid private credit concerns
Fund it operates took in fraction of capital from year-ago level as worries mount over potential surge in loan defaults
CME plans to launch futures market for AI computing power
New contracts will allow traders and companies to bet on and hedge future price of GPU rental