The neocloud's IPO filing shows a company that burned through cash while a chipmaker that also happens to be its biggest supplier helped it keep it alive.

U.S. stocks fell on Thursday, with the Dow hitting a more than three-month low as Middle East tensions pushed Brent crude futures up to $107 a barrel. Higher oil prices added to inflation worries, sending the 30-year U.S. Treasury yield to its highest level since 2004. Tech shares led losses in the S&P 500, with Nvidia, Broadcom and Microsoft each down more than 1%. Oracle slid 5% after a report said it issued a force majeure notice tied to a large New Mexico data center project.

Darden Restaurants reported first-quarter results with higher sales, but profits fell and expenses rose, pressuring the stock. Stitch Fix posted a fourth-quarter loss from continuing operations of 2.0c per share. The company also forecast a much weaker full-year 2027 EBITDA than analysts expected, sending its shares lower.

U.S. spot Bitcoin ETFs recorded about $2.49 billion of net inflows over four consecutive sessions in late September, lifting the broader crypto market. XRP and SOL led the advance, with short covering amplifying the Sept. 21 breakout. By contrast, BNB rose less, while higher U.S. Treasury yields pulled BTC back from its early-week high. The market reflected a rotation into altcoins alongside ongoing macro pressure.

ARK Invest has launched a tokenized venture capital fund on the Ethereum network, enabling 24/7 trading. The product marks the Cathie Wood-led firm’s first move to bring a traditional VC tool on-chain. It also reflects a new example of institutions pursuing compliant asset tokenization within the Ethereum ecosystem.

Foreign institutional investors turned net sellers in Indian equities on Thursday, provisionally offloading ₹5,027.36 crore worth of shares after being net buyers in the previous session. The Nifty fell to its lowest level in five months, with 48 of its 50 constituents closing lower and insurance stocks leading declines after regulatory proposals. Domestic institutional investors were net buyers, with provisional purchases of ₹4,301.18 crore.

IAC group chairman Barry Diller’s People Inc has withdrawn its more than $18 billion offer to acquire MGM Resorts, sending the casino operator’s shares down 10% in Thursday premarket trading. The drop erased the entire run-up triggered by takeover speculation, Reuters reported. MGM was trading at $34.40 in premarket, set for its weakest open in seven months and below where it traded before the approach. Diller said the proposed deal was not progressing as expected.

Novo Nordisk said at its Sept. 21 Capital Markets Day that it plans to launch more than five multiblockbusters by 2030 and deliver more than DKK 150 billion in pipeline sales by 2035. The company also said Q2 sales of the Wegovy pill rose 42.6% quarter-on-quarter to about DKK 3.2 billion. Revenue from its “rare endocrine disorders” business came in at DKK 1.54 billion, up 8.3% year on year and 34.1% quarter on quarter.