GFM ORIGINALS
Original Research
Independent reporting and analysis

Shein paid off $3.5 billion in old debts before its IPO.
Christy Ai, Senior Reporter at GFM · 20 min

Alex Karp: Who is flipping the AI switch for the country?
Kevin Guo · 20 min
TOP STORIES
GE Vernova sellers have it all wrong — plus, why Fed rate hike odds are soaring
Israeli fire kills seven, including a father and son, in Gaza, medics say - Reuters
Fed's Logan calls for two more rate hikes, possibly rapidly - Reuters
Fed officials open door to a half-point hike after inflation beats expectations - Reuters
Instant view: Hot October inflation report rattles markets - Reuters
Technology & Capital
Web4 & RWARWA goes behind the scenes on Wall Street
Dr. Dora, Chief Editor of GFM's "Web4 xRWA" column · 20 min
If you hold a stock on the blockchain, who legally recognizes you as a shareholder?
Power shortages are becoming a hidden constraint on U.S. national security.
The Power Rankings of the AI Era: How the New Generation is Rewriting the World's Power Map
A chip's global passport
People & Companies
IPORobots are not yet ready, but the capital market has already begun pricing in their future.
Kevin Guo · 20 min
National valuation of a memory chip
The Real Cost of Huang Renxun and AI
The Coldest Winner on Wall Street
Carlos Domingo: Pulling RWA from the Crypto Narrative Back to the Financial System
The woman behind Musk: Mother, wife, and the underlying character of a tech empire
Two Disruptions by Tech Geeks
Investigations & Society
InvestigationsWho is the biggest winner in the football economy?
Kevin Guo · 15 min
If healthcare becomes a narrative project: The next crisis of trust is already on its way.
The Shared Lies of Chinese LVAD Companies
Who owns your medical records? Global Medical Data Sovereignty Map
Interview with Dr. Chen Jiarui: A Surgeon Decides to Rewrite the Underlying Rules of Global Healthcare - From a Personal Illness to an Institutional Experiment on Healthcare Sovereignty
U.S. Markets
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Brazil judge suspends new meal voucher rules
BRASILIA, Nov 9 (Reuters) - A Brazilian judge suspended part of new meal voucher rules for companies in a local lobby group, including Pluxee (PLX.PA), opens new tab and Edenred's (EDEN.PA), opens new

Brazil Startup Exchange Partners With MSCI for Index Derivatives
Brazil's A5X SA is partnering with MSCI Inc. to launch derivatives of the index provider's benchmarks, as the startup exchange looks to begin operations next year in a turf currently dominated by B3 S

Austria's MM Group to sell majority stake in packaging business in $2.7 billion deal
Nov 9 (Reuters) - Austrian firm Mayr-Melnhof Karton (MMKV.VI), opens new tab said on Monday it would sell a 70% stake in its packaging business to US private equity firm KPS Capital Partners in a deal

Berkshire Tests Wider Yen Spreads in Latest Japan Bond Deal
Berkshire Hathaway Inc. is marketing its latest yen bond deal at wider levels than it offered in April, highlighting how investors are demanding more compensation to buy debt. The US conglomerate is

France to dodge threat of year-end recession, central bank says
PARIS, Nov 9 (Reuters) - France is on course to avoid a recession in the final quarter of the year with business executives expecting activity to accelerate in November, the central bank said on Monda

UK Must Back Startups or Face Economic Ruin, Ex-Adviser Says
The government needs to urgently prioritize backing fast-growing businesses to create growth, or the country will be "totally f -- -ed," according to the Treasury's former entrepreneurship adviser. A

Qantas to outsource 850 local jobs with most shifting to India
Qantas will outsource 850 local corporate jobs to consulting giant Accenture with most roles moving to India as the airline fast-tracks AI investment. In an internal email to staff on Tuesday, the Au

Qantas to outsource 850 local jobs with most shifting to India
Qantas will outsource 850 local corporate jobs to consulting giant Accenture with most roles moving to India as the airline fast-tracks AI investment. In an internal email to staff on Tuesday, the Au

Brazil's Braskem creditors, shareholders target Wednesday deadline for debt deal, sources say
SAO PAULO, Nov 9 (Reuters) - Shareholders and creditors of Brazilian petrochemical company Braskem (BRKM3.SA), opens new tab are aiming to conclude out-of-court restructuring talks by Wednesday, two p

Egypt seeks faster progress on Libya gas, refining and power projects
CAIRO, Nov 8 (Reuters) - Egypt aims to accelerate energy projects with Libya, including gas pipeline links, refining of Libyan crude in Egypt and an electricity interconnection, Egyptian Foreign Minis

South African telco MTN's service revenue rises over 17% as Nigeria recovers
Nov 9 (Reuters) - South Africa's MTN Group (MTNJ.J), opens new tab said on Monday its service revenue rose more than 17% in constant-currency terms in the nine months ended September 30, helped by a r

Hims & Hers narrows 2026 revenue forecast as margins contract
Nov 9 (Reuters) - Hims & Hers Health (HIMS.N), opens new tab on Monday narrowed its annual revenue forecast to a range below Wall Street estimates as gross margins contracted amid its expansion into

Pakistan, Saudi Arabia investors launch fund to boost trade, investment
ISLAMABAD, Nov 9 (Reuters) - A joint council of Saudi Arabian and Pakistani investors launched a private equity fund on Monday as part of the countries' wider push to deepen two-way private sector tra
U.S. Treasury Yields Edge Lower as Oil Prices Decline
The two-year Treasury yield eased 0.2 basis point to 4.519%, while the 10-year yield fell 0.4 basis point to 4.854% U.S. Treasury yields edged lower Monday, with falling oil prices steering direction

UniCredit set to seal Commerzbank takeover this month
Italian lender plans to launch restructuring of German target in first quarter of 2027 UniCredit expects to take control of German rival Commerzbank by the end of this month and could accelerate plan

Greece recovers 12 dead migrants from boat off of Crete, coast guard says
ATHENS, Nov 9 (Reuters) - Greece retrieved the bodies of 12 dead migrants from a boat sailing off the island of Crete early on Monday, its coast guard said. It was not immediately clear how the migra



