China hits Alibaba affiliate Ant Group with $985 million wonderful for violating several regulations

China hits Alibaba affiliate Ant Group with 5 million wonderful for violating several regulations

Essential Points

China’s central lender hit Alibaba affiliate Ant Team with a 7.12 billion yuan fantastic ($985 million) on Friday.
Chinese regulators compelled Ant Team to restructure its business enterprise just after cancelling its blockbuster initial general public giving in 2020.
Current signals emerged that Ant has been on the ideal side of regulators. In January, the company obtained approval to extend its buyer finance business enterprise.

Resource

Finance

Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts

November 13, 2025

Key Points Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in the bag. Whereas traders as recently as a few days ago were pricing in at least a 2-to-1 probability of a quarter percentage point cut, that’s now flipped to a coin toss. As […]

Finance

TKO, Polymarket strike multiyear deal to integrate prediction markets into UFC events

November 13, 2025

Key Points The deal makes UFC and Zuffa Boxing the first sports organizations to incorporate prediction market technology into live events. Polymarket will provide real-time data visualizations of fan sentiment and momentum during fights, offering an additional layer of engagement alongside traditional sports betting. Source

Finance

Stocks making the biggest moves premarket: Walt Disney, Cisco Systems, Firefly Aerospace and more

November 13, 2025

Check out the companies making headlines before the bell: Walt Disney Company — The media giant fell more than 4% on mixed fiscal fourth-quarter results . The company earned an adjusted $1.11 per share, beating an LSEG estimate of $1.05 per share. Revenue, however, came in at $22.46 billion, below a consensus forecast of $22.75 […]