Institutional interest is running ahead of where SpaceX stood in the early stage of its roadshow. Anthropic expects to price the $64 billion deal next week.

Passive index funds may absorb about 28% of the shares offered. SpaceX shares were at $150 on their first trading day. By the third day, they had risen 50% from that level and were above the $135 IPO price.

Spot gold rose 0.6% to $4,057 on Wednesday, after a nearly 3% drop the previous day. Stronger-than-expected U.S. inflation data reinforced expectations of a Federal Reserve rate hike. The probability of a December increase rose to 100%.

KUALA LUMPUR: The ringgit opened higher against major currencies but remained flat against the US dollar amid renewed expectations of a possible US Federal Reserve (Fed) interest rate hike following stronger-than-expected inflation data.

October CPI showed inflation remained sticky. Markets expect the Federal Reserve to raise interest rates by 25 basis points in December. Some traders are betting on a 50-basis-point increase.

Nov 10 (Reuters) - Amazon ⁠and Google's stakes in Anthropic could be ⁠worth a combined $411 billion if the AI ‌company prices its initial public offering at the top of its proposed range, according to Reuters calculations based on ​a filing.

Gross profit at Cash App rose 27% year over year in the third quarter. Gross profit at Square's merchant business increased 14%. Block shares gained 9% in after-hours trading.

Nov 3 (Reuters) - AI ⁠giant Anthropic, which filed for a US ⁠IPO last week, is expected to include ‌an Australian retail share offer in its prospectus to be filed with the country's corporate regulator, the Commonwealth Bank of Australia's ​broking unit said on Tuesday.

Revenue rose to $16.96 billion, an increase of more than 46% quarter over quarter. Investors value Anthropic at about $1.5 trillion, down from roughly $2 trillion.