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The Marked Chart Wire · Business
Analyst Ratings
Jpmorgan added Meta Platforms to its analyst focus list and set a $940 price target. The bank removed Alphabet from the list but kept an overweight rating and a $375 target.
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Meta AI Spending
Meta sold $25 billion in US bonds on November 3, with 2056 maturities pricing 2.2 percentage points above Treasuries. The company also issued €9 billion in European debt as S&P lowered its credit outlook to negative.
Fireworks
Dave Wehner, Meta's former CFO, is moving to Fireworks to lead its financial operations. Fireworks is reportedly seeking new funding at a valuation between $30 billion and $40 billion.
Alphabet
Google Search revenue growth decelerated to 12 percent in the most recent quarter, a figure that provides context for the company's overall performance.
Meta
Meta Platforms has launched a new share class that does not carry voting rights.
SpaceX
Alphabet reaffirmed its support for SpaceX following Donald Harrison's resignation from the board. The company holds a $74 billion stake and pays up to $920 million monthly for AI computing capacity.
Deals
Alphabet has purchased the Wyoming data center location from Crusoe. The deal expands the company's infrastructure footprint in the region.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.