Tradeweb and Chainlink recently announced a collaboration to publish the Tradeweb FTSE U.S. Treasury Benchmark Closing Prices on-chain via DataLink, aiming to enhance transparency and accessibility in U.S. Treasury markets by leveraging blockchain technology for real-time, reliable benchmark pricing data.
This move may accelerate the integration of digital market infrastructure for institutions seeking trusted, continually available Treasury pricing and open the door for tokenized financial products and expanded on-chain market participation.
We’ll explore how delivering institutional-grade U.S. Treasury data on-chain may influence Tradeweb’s digital asset growth and investment outlook.
Trump’s oil boom is here – pipelines are primed to profit. Discover the 22 US stocks riding the wave.
To be a shareholder in Tradeweb Markets, you need to believe in the ongoing transition of fixed income markets from manual and voice-based to electronic and increasingly digital trading. The recent partnership with Chainlink advances digital infrastructure for U.S. Treasury data, but does not materially alter the biggest short-term catalyst, which remains increasing electronic trading adoption, or the biggest near-term risk, ongoing reliance on voice trading for complex trades during volatile periods.
Of the recent announcements, Tradeweb’s launch of dealer algorithmic execution capabilities for U.S. Treasuries stands out as most relevant. Together with the Chainlink collaboration, this further supports efforts to enhance automation and real-time data, aligning directly with the catalyst of growing electronic and automated trading volumes in core markets.
However, amid these advances, investors should be aware that if voice trading remains entrenched during key market events, it could…
Read the full narrative on Tradeweb Markets (it’s free!)
Tradeweb Markets’ narrative projects $2.6 billion in revenue and $917.7 million in earnings by 2028. This requires 10.6% yearly revenue growth and a $359.9 million earnings increase from current earnings of $557.8 million.
Uncover how Tradeweb Markets’ forecasts yield a $131.87 fair value, a 20% upside to its current price.
TW Community Fair Values as at Nov 2025
Three Simply Wall St Community members provided fair value estimates for Tradeweb ranging from US$61.66 to US$556.37 per share. While opinions are split, the ongoing move toward market electronification is driving strong debate about longer-term revenue growth.
Explore 3 other fair value estimates on Tradeweb Markets – why the stock might be worth 44% less than the current price!
Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.
A great starting point for your Tradeweb Markets research is our analysis highlighting 2 key rewards that could impact your investment decision.
Our free Tradeweb Markets research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Tradeweb Markets’ overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TW.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
GRAIL (GRAL) just posted its third-quarter earnings, highlighting a jump in Galleri test volume and revenue. The announcement also included a partnership with Samsung, aimed at expanding into key Asian markets.
See our latest analysis for GRAIL.
After a string of upbeat quarterly results, partnerships, and a major capital infusion, GRAIL’s momentum has translated directly into the stock’s performance with a remarkable 156.6% share price return over the past 90 days and a 426.3% total shareholder return over the last year. Both recent and longer-term moves suggest investor optimism is building as commercial traction and validation grow.
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The recent rally has left many investors wondering: is GRAIL still undervalued given its growth trajectory, or has the current share price already baked in all the future gains?
GRAIL’s most widely followed fair value estimate stands at $61.50, which is significantly below the last close of $83.20. This notable gap highlights diverging expectations and sets up a pivotal discussion around growth, valuation, and future profitability.
Ongoing positive clinical trial results, including substantially higher cancer detection and positive predictive value with consistent specificity for Galleri in population-scale studies, are setting the stage for robust FDA approval and broad payer reimbursement, which could unlock significant new revenue streams and accelerate top-line growth.
Read the complete narrative.
What big bets are hiding inside this valuation call? The fair value hangs on ambitious revenue forecasts, eye-catching profit margin shifts, and hope of regulatory green lights. Curious just how bold the assumptions are? Find out what’s driving this price and whether the market has run ahead of the numbers.
Result: Fair Value of $61.50 (OVERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, persistent high losses and dependence on regulatory milestones remain key risks. These factors could quickly dampen optimism if progress falters.
Find out about the key risks to this GRAIL narrative.
If you see the story differently or want to do some digging on your own, you can put together your own take in under three minutes. Do it your way
A great starting point for your GRAIL research is our analysis highlighting 1 key reward and 4 important warning signs that could impact your investment decision.
Why limit your opportunities to just one company? Keep your edge sharp, spot potential early, and push your portfolio further with exceptional stocks found through Simply Wall Street’s unique screeners.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include GRAL.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
(Bloomberg) — Stocks extended losses as uncertainty over Federal Reserve interest-rate cuts and stretched technology valuations weighed on sentiment, prompting investors to retreat from riskier corners of the market.
Asian shares fell 1.2% — with technology companies such as SK Hynix Inc. leading the losses — following the retreat in Wall Street benchmarks Thursday. Even so, MSCI’s gauge of global stocks is set for a fourth gain in five weeks. Bitcoin traded below $100,000 and is down more than 20% since early October. Oil jumped as traders weighed risks to Russian flows from US sanctions, which countered a slew of signs that the market faces a glut.
Treasuries and a gauge of the dollar steadied as investors parsed commentary from Fed officials that cast doubt over a December rate cut. Also, the October jobs report will be released without a reading of the unemployment rate.
Attention was also on the pound Friday, which fell after the Financial Times said UK Chancellor Rachel Reeves was ditching a planned income tax rise.
The moves dealt a fresh blow to risk sentiment, highlighted by heavy selling in high-flying tech giants amid mounting valuation concerns. Beneath the surface, some investors pointed to a rotation into more defensive sectors. With optimism over the US government’s reopening largely priced in, traders are now focusing on the upcoming wave of economic data, as the chances of a December Fed rate cut slip below 50%.
“Markets appear to be spooked to a large extent by AI froth fears,” said Vishnu Varathan, head of macro research for Asia ex-Japan at Mizuho Bank. “A Fed that is more likely to bide its time than race against it, makes it a lot less conducive for the tech rout, which typically tends to be more sensitive to Fed easing.”
Technology stocks have been under pressure recently as investors balanced optimism over technological advances with concerns over stretched artificial intelligence valuations. Wall Street chief executives have also adopted a more cautious tone recently, as the market’s gains since April’s slump have become increasingly concentrated in a handful of stocks, prompting some investors to warn of “froth” in the AI sector.
With President Donald Trump signing the legislation to end the longest shutdown in US history, investor attention is now turning to the slew of economic data that’s due to flow out. Even so, the October jobs report will skip the unemployment rate as the household survey wasn’t conducted, US top economic adviser Kevin Hassett told Fox News.
Some traders are also concerned that the omission of key may bolster arguments for Fed officials to stand pat. Currently, traders are pricing in about an even chance that the Fed will hold or cut rates in December.
Chair Jerome Powell said last month that a reduction is “not a foregone conclusion,” with the decision to be premised on incoming information.
In separate statements, Fed Bank of St. Louis President Alberto Musalem said officials should move cautiously on rates with inflation running above target, while Cleveland counterpart Beth Hammack noted policy should remain “somewhat restrictive.” Minneapolis Fed President Neel Kashkari said he didn’t support the last cut and is undecided about December.
Elsewhere, Trump is readying substantial tariff cuts designed to address high food prices and a series of new trade deals as he seeks to address voter concerns over the cost of goods.
Corporate News:
Verizon Communications Inc. is discussing plans to announce job cuts next week that could downsize the company by as much as 20%. A wave of voluntary and early retirement programs in Japan is on track to hit a four-year high, as companies from Panasonic Holdings Corp. to Japan Display Inc. try to balance an aging workforce with the need to boost competitiveness. Japan Airlines Co. has sought proposals from manufacturers for up to 70 regional and turboprop aircraft. Tencent Holdings Ltd. posted a faster-than-anticipated 15% rise in revenue. Separately, it struck a deal with Apple Inc. that will see the iPhone maker handle payments and take a 15% cut of purchases in WeChat mini games and apps, resolving a high-profile dispute. Kioxia Holdings Corp. shares were set to fall by their daily limit after the NAND memory maker’s current-quarter outlook missed expectations elevated by bullish comments from bigger rivals. Singapore Air shares fell after the carrier’s second-quarter net income slumped 82%. Some of the main moves in markets:
Stocks
S&P 500 futures rose 0.1% as of 10:55 a.m. Tokyo time Japan’s Topix fell 0.8% Australia’s S&P/ASX 200 fell 1.4% Hong Kong’s Hang Seng fell 1.1% The Shanghai Composite fell 0.1% Euro Stoxx 50 futures fell 0.3% Currencies
The Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1635 The Japanese yen was little changed at 154.47 per dollar The offshore yuan was little changed at 7.0926 per dollar Cryptocurrencies
Bitcoin rose 0.4% to $99,194.18 Ether rose 0.8% to $3,204 Bonds
The yield on 10-year Treasuries was little changed at 4.12% Japan’s 10-year yield was little changed at 1.695% Australia’s 10-year yield advanced three basis points to 4.45% Commodities
West Texas Intermediate crude rose 3.2% to $60.58 a barrel Spot gold rose 0.5% to $4,192.97 an ounce This story was produced with the assistance of Bloomberg Automation.
–With assistance from Winnie Hsu and Richard Henderson.
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025.
Issei Kato | Reuters
Shares of SoftBank Group plunged over 8% on Friday, marking its third straight day of selloff after the Japanese giant said it had sold its entire stake in U.S. chip giant Nvidia for $5.83 billion.
SoftBank disclosed in its latest earnings that it offloaded 32.1 million Nvidia shares in October and scaled back its T-Mobile stake, bringing in $9.17 billion.
Although the Nvidia sale surprised some investors, it isn’t the first time SoftBank has exited the U.S. chip giant. Its Vision Fund had accumulated roughly $4 billion worth of Nvidia shares in 2017 before selling out entirely in early 2019.
Even so, SoftBank continues to have business ties to Nvidia. The Tokyo-based company is involved in a number of AI ventures that use Nvidia’s technology, including the $500 billion Stargate project for data centers in the U.S.
Several other tech stocks in the region also declined. Semiconductor testing equipment maker Advantest and Tokyo Electron, a chip production equipment maker, fell by over 3% and 4% respectively.
Overnight in the U.S., technology giants came away battered. Nvidia and Broadcom notably declined 3.6% and 4.3%, respectively, while Google parent Alphabet fell 2.8%.
Tesla announced on Thursday it is recalling about 10,500 units of its Powerwall 2 home battery power systems in the US for fire and burn hazards after receiving 22 reports of overheating.
The US Consumer Product Safety Commission said the recall covers systems that “may fail and overheat”, raising the risk of serious injury or death, though no injuries have been reported.
The Powerwall 2 is a residential energy-storage unit that integrates with solar-panel systems, storing electricity for self-consumption, shifting usage to lower-cost periods and providing backup in grid outages.
The defect stems from certain lithium-ion battery cells that may overheat under certain conditions, smoke or ignite. In a few cases the defect has caused property damage, according to the recall notice.
Tesla said it is remotely limiting the charge on affected units to minimize risk while it arranges free replacements for customers.
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The recall draws attention to Tesla’s battery-cell suppliers and comes as its energy-storage business plays a growing role in the company’s expansion beyond electric vehicles.
Nov. 13 (UPI) — Doubts about a potential third Federal Reserve rate in December triggered an 800-point drop in the Dow Jones Industrial Average on Thursday after setting a record high a day earlier.
The Dow closed higher than 48,000 for the first time on Wednesday, but Investopedia reported a steep decline on Thursday amid concerns over the Federal Reserve rate.
The Dow reached a daily high or 48,211.83 during morning trading on Thursday but declined steadily afterward to a low of 47,431.43 and closed at 47,457.22, which is a drop of 797.60 and 1.65% for the day.
The Nasdaq and S&P 500 likewise posted downturns during the day’s trading, with the Nasdaq closing at 22,870.36, which is a decline of 536.10 and 2.29%.
The S&P 500 dropped by 113.43 and 1.66% when it closed at 6,737.49.
Analysts largely attributed the declines to concerns regarding the Federal Reserve and whether it will approve a third quarter-point rate reduction before the year’s end, according to CNBC.
In October, analysts placed a 95% confidence in a December rate cut, but confidence has declined to about 49% due to a lack of data because of the record 43-day federal government shutdown ended following President Donald Trump’s signing of a funding measure on Wednesday.
The Federal Reserve Open Market Committee is scheduled to meet for two days on Dec. 9 and 10, but committee members have grown more doubtful of another 0.25% rate cut due to the effects of the government shutdown and the president’s often-changing tariff policies.
The current rate is between 3.75% and 4% after the Federal Reserve committee approved a 0.25% rate reduction on Oct. 29.
The return of the Dubai Airshow next week to Dubai World Central (DWC), the unfinished future home of the world’s largest airport, is symbolic.
The biennial show’s choreography will be familiar: fighter jets in elegant formation, wide-body aircraft snarling down the runway and helicopters slicing the air. But the real spectacle isn’t confined to the sky. It’s in the closed-door rooms where deals, partnerships and future routes are hammered out. The star attraction remains flying taxis – eVTOLs (electric vertical take-off and landing aircraft) will take pride of place with test demonstrations, mock-ups and operational briefings. Companies such as Joby Aviation and Archer are still pushing for a 2026 launch of eVTOL passenger services between Dubai and Abu Dhabi.
Flying colours: An aerobatic display during the 2023 Dubai Airshow (Image: Getty)
Such optimism invites scrutiny. Certification is complicated, battery density still falls short of commercial requirements and early users will probably only be those able to afford premium pricing. Still, few places can match the UAE’s capacity to build infrastructure at speed and holding the event at DWC only reinforces that momentum. The airshow functions as the sector’s deal-making furnace. Previous editions have seen tens of billions of dollars committed on the tarmac, wide-body orders, defence packages and long-term service agreements.
The full cast of aviation powerbrokers will be in attendance: Boeing and Airbus with their supply-chain headaches and stretched delivery schedules; Gulf carriers Emirates, Etihad and new player Riyadh Air pushing expansion and next-generation fleets; defence giants looking to secure long-horizon programmes; and aerospace companies breaking ground in the Middle East. It’s a gathering where strategy chiefs, government delegations, manufacturers and financiers mix with an unusual ease. Everyone understands that this is the room where tomorrow’s aviation map is drawn.
And for all the deals and strategy sessions behind the scenes, the airshow extends a hand to the public. The Skyview grandstand will again offer families a vantage point from which to observe the aerial acrobatics, a reminder that aviation can still enchant, even as the sector wrestles with its heaviest challenges.
Sustainability is likely to dominate corporate conversations – and the industry finally appears to be moving beyond platitudes and towards climate action instead. Dubai Airports is preparing a sustainability showcase for the event, highlighting operational innovations, energy-efficiency systems, waste-reduction measures and emerging propulsion options. Still, the broader sector is in a bind: sustainable aviation-fuel production is nowhere near scale, hydrogen is promising but distant and electrification is only beginning to consider short-haul mobility. The airshow will present glimpses of a greener future but also lay bare just how far from that horizon the commercial fleet remains.
Dubai Airshow 2025 arrives at a moment of flux in which technology is advancing faster than regulation can catch up. Ambition is everywhere. Scepticism is warranted. But the aviation industry should ready itself to witness the winds of change next week.
Inzamam Rashid is Monocle’s Gulf correspondent. For more opinion, analysis and insight, subscribe to Monocle today.
Read next: Archer Aviation CEO Adam Goldstein on the race to put flying taxis into the sky
Tourists visit the Nanjing Road Scenic Area in Shanghai, China, on October 20, 2025.
Nurphoto | Nurphoto | Getty Images
Asia-Pacific markets slid Friday, tracking losses on Wall Street as technology stocks continued to come under pressure and Fed rate-cut doubts swirled.
Japan’s benchmark Nikkei 225 index lost 1.85%, while the Topix slid 1.03%. South Korea’s Kospi fell 2.29% and the small-cap Kosdaq was 1.42% lower.
Australia’s S&P/ASX 200 lost 1.58%.
Futures for Hong Kong’s Hang Seng Index pointed to a lower open, trading at 26,701, against the index’s previous close of 27,073.03.
China will release data on retail sales, industrial output, and fixed-asset investment for October today. Fixed-asset investment, which includes real estate, fell unexpectedly by 0.5% in September.
Overnight in the U.S., all three major averages closed lower as investors continued to sell shares of technology companies, especially those in the artificial intelligence trade, amid worries about their valuations.
The Dow Jones Industrial Average lost 797.60 points, or 1.65%, to settle at 47,457.22, well off the record highs set in the previous session. The S&P 500 shed 1.66% to finish at 6,737.49.
The broad-based index saw notable declines in the information technology and communication services sectors, led by Disney, which fell nearly 8% on mixed results for its fiscal fourth quarter. The Nasdaq Composite pulled back 2.29% to close at 22,870.36. All three major averages, as well as the small-cap Russell 2000 index, suffered their worst day since Oct. 10.
Recent remarks from Fed chair Jerome Powell’s colleagues point to plenty of apprehension over whether the central bank should deliver its third consecutive easing of policy when it meets Dec. 9-10.
“Given my baseline outlook, it will likely be appropriate to keep policy rates at the current level for some time to balance the inflation and employment risks in this highly uncertain environment,” Boston Fed President Susan Collins recently said.
As a result, markets have recalibrated their expectations. 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, according to futures markets readings tabulated by the CME Group in its FedWatch tool.
— CNBC’s Jeff Cox, Sean Conlon and Pia Singh contributed to this report.
