TREE NEWS reports: The S&P 500 opened 1.26 points higher, up 0.02%, at 7,745.32. The Dow Jones Industrial Average opened up 130.59 points, a 0.25% gain, at 52,308.28. The Nasdaq Composite opened 60.04 points lower, down 0.22%, at 26,652.99.
TREE NEWS reports: SpaceX shares turned lower in US premarket trading, reversing an earlier gain of nearly 3%. The stock had climbed close to 3% before giving up those gains. No reason for the swing was given in the material.
TREE NEWS update: Apple opened preorders for its first foldable phone, the iPhone Duo, at 20:00 on October 16, crashing its website and app as launch-day in-store pickup sold out within minutes and delivery slipped to late January. On Dewu, resale prices topped 20,000 yuan, with the 1TB black model near 29,000 yuan — 7,143 yuan above list — while the 256GB black version rose nearly 40%.
TREE NEWS update: SpaceX plans to release its third-quarter 2026 financial and operational results on October 20, with an audio-only earnings call scheduled for 3:30 p.m. US Central Time that day, or 4:30 a.m. Beijing time on October 21. The company announced the date without disclosing further details.
TREE NEWS reports: Charles Schwab CEO said investor interest in fixed income products has reached a record level. The remark points to a shift in retail investor demand toward yield-bearing fixed income instruments. No specific figures or product details were disclosed.
TREE NEWS update: SpaceX will release its third-quarter 2026 financial results on October 20, 2026, and host a webcast the same day. The company disclosed the schedule for the quarterly results announcement, with no further details on the timing of the call or the figures to be reported.
TREE NEWS reports: Apple shares rose more than 2% in premarket trading and were set to open at a record high.COM data. The move followed the on-sale debut of the iPhone Duo, Apple’s first foldable phone, which sold out across all models within one minute of launch.
TREE NEWS update: Apple’s first foldable phone, the iPhone Duo, opened pre-orders at 8pm, with multiple online platforms showing no stock and Apple’s official site listing delivery dates in some regions pushed back to December. On the resale platform Dewu, several pre-order versions traded above 20,000 yuan, with the 1TB black model near 29,000 yuan — 7,143 yuan above its launch price — while the 256GB black version rose nearly 40%.
TREE NEWS update: Apple has pushed back the delivery date for its iPhone Duo to January 25. The revised timeline was disclosed without further explanation. The iPhone Duo is Apple’s device product line affected by the schedule change.
TREE NEWS update: Strategy will keep the annualized regular dividend rate on its floating-rate Series A perpetual preferred stock STRC at 12% for November and plans to pay cash dividends daily from Nov 1 to Nov 30, totaling $1 per share for the month. The daily schedule requires shareholders to approve related amendments at an Oct 28 special meeting and the amended certificate to take effect before 12:01 a.m. ET on Nov 1. If approved, the Nov 15 payment is canceled; if not, semi-monthly payments continue.
TREE NEWS reports: Bank of America strategist Michael Hartnett expects risk aversion to dominate markets over the next three to four weeks, citing rising real yields, the US midterm elections and AI-themed trades. He said this summer’s “extreme bullish sentiment” has ended, with global bonds selling off pushing inflation-adjusted real yields to 3%. Hartnett’s team expects the Fed to hike rates in October to “restore credibility,” and sees a rising chance of a Democratic wave in November’s midterms.
TREE NEWS reports: Zhang Jianping no longer appears among Kexiang Co.’s top 10 shareholders as of September 30, 2026. He held 9.4618 million shares, or 0.95% of the company, as of June 30, 2026, ranking as the seventh-largest shareholder in the half-year report. The disclosure notes that identical names among top shareholders cannot be ruled out.
TREE NEWS update: The Shenzhen Stock Exchange said it took self-regulatory measures against 114 cases of abnormal securities trading this week, covering intraday price ramping and suppression as well as false order submissions. It also reviewed six major corporate matters and reported one suspected violation case to the China Securities Regulatory Commission.
TREE NEWS update: The China Securities Regulatory Commission’s international cooperation department issued a filing notice for Hefei UAIZHIHE Robot Co., Ltd.’s overseas listing, allowing the company to issue up to 49,477,800 ordinary shares and list on the Hong Kong Stock Exchange. Thirty-seven shareholders plan to convert a combined 243,804,260 domestic unlisted shares into overseas-listed shares for trading in Hong Kong.
TREE NEWS update: MSCI has adopted a new operating-asset test for digital asset treasury companies, adding a five-ratio screen for those that fail it. Its current list flags Strategy, Metaplanet and Upexi as possible deletions from MSCI indexes in November.
TREE NEWS update: Bitcoin treasury company Strive priced 7 million shares of its 15% SATS preferred stock at $90 each, raising about $630 million — 2 million shares more than originally planned and below the $100 stated amount its dividend is based on.
TREE NEWS update: The Shanghai Stock Exchange said it placed severely abnormal trading in shares including Xinhua Media under close monitoring this week, and conducted special reviews of 20 major corporate matters involving listed companies. The exchange did not specify the nature of the abnormal trading or name the other companies involved.
TREE NEWS update: Kinwong Electronic chairman Liu Shaobai proposed a share buyback of no less than RMB 50 million and no more than RMB 100 million through centralized bidding, the company said in a filing. The repurchased A-shares will fund equity incentives and/or an employee stock ownership plan, with a 12-month window after board approval and a price cap of 150% of the 30-day average. Liu and his concert parties traded no company shares in the prior six months.
TREE NEWS update: Midea Group said in an October 16 announcement that it had repurchased 132,517,507 A-shares, or 1.74% of its total share capital, through its dedicated repurchase securities account via centralized bidding as of October 16, 2026. The buyback’s highest transaction price was 87.71 yuan per share and the lowest was 73.66 yuan per share, with a total payment of 10,731,225,062 yuan excluding transaction fees. The company said the repurchase complies with relevant laws and regulations and its established plan.
TREE NEWS reports: US equity funds drew another $39 billion in a single week, putting them on pace for a record annualized inflow of $636 billion this year, Bank of America said in a report. The figures reflect sustained investor demand for US stocks.