Flash News

TREE NEWS reports: Strategy’s STRC preferred stock, which pays 12% annually to fund bitcoin purchases, has raised no capital since May and traded as low as $74.57 in late June, roughly 25% below its $100 design price. Strategy began buying back the shares in late July, prompting questions about whether the buyback loop can be sustained.

TREE NEWS reports: The S&P 500 consumer staples sector rose 2.7%, its largest single-day gain since July 28. The move marks the sector’s strongest session in roughly three months and comes as investors rotate into defensive names. No further details were disclosed.

TREE NEWS update: Nasdaq has proposed rules that would immediately suspend and delist listed companies whose market value stays below $5 million for 30 consecutive days, aiming to curb pump-and-dump manipulation in small-cap shares. US domestic small businesses object that the one-size-fits-all threshold could catch otherwise healthy but volatile companies, hurting their financing. The SEC paused the proposal last month and will seek further public comment. More than 190 Nasdaq-listed companies are valued at $5 million or below, nearly half of them headquartered in the US.

TREE NEWS reports: ASML reported record third-quarter net sales of €11.7 billion, at the top end of its guidance, with a gross margin of 57.5%. On the quarterly analyst call, CEO Christophe Fouquet and CFO Roger Dassen pointed to exceptionally strong customer demand that extends beyond near-term needs into longer-term capacity planning. The company also discussed capacity bottlenecks and its pricing strategy.

TREE NEWS reports: US sector ETFs opened mixed, with consumer staples up more than 2% and healthcare up nearly 2%, while semiconductors fell 3.6% and a global tech index ETF dropped 2.7%. The divergence at the open put defensive sectors ahead of chip and technology exposure.

TREE NEWS reports: Walmart stock rose 4.2% intraday, marking its largest single-session intraday gain in eight months. The move puts the retailer among the day’s stronger performers, though no specific catalyst was cited in the available material.

TREE NEWS reports: The Nasdaq fell 1.2% in early US trading as the Philadelphia Semiconductor Index dropped 3.7%, with TSMC down about 4% after reporting third-quarter results. Optical and memory chip stocks sold off broadly: Lumentum fell about 8%, Coherent about 7%, and SK Hynix, Western Digital, SanDisk and Seagate each about 6%. The Dow rose 0.4% while the S&P 500 slipped 0.4%.

TREE NEWS reports: The S&P 500 opened 31.63 points lower, down 0.41% at 7,687.31, while the Nasdaq Composite dropped 312.09 points, or 1.17%, to 26,380.77. The Dow Jones Industrial Average bucked the trend, opening 236.58 points higher, up 0.46% at 51,858.06.

TREE NEWS update: XPeng opened pre-orders on Oct. 15 for the MONA L05, the first large five-seat SUV in its MONA series, with five variants priced between 169,800 and 191,800 yuan. The model is scheduled for official launch on Oct. 29.

TREE NEWS update: Supermicro has named Mark Long as its new chief financial officer, succeeding David Weigand. Long will receive a base annual salary of $725,000 and a signing bonus of $500,000.

TREE NEWS update: Zhongji Innolight said its board will meet on Thursday, October 29, 2026, to consider and approve the company’s and its subsidiaries’ third-quarter results for the nine months ended September 30, 2026, and their publication. The board will also consider changing the purpose of A-share shares repurchased in September 2026 and cancelling all of them, along with other matters.

TREE NEWS update: Shanghai-listed Xinhua Media said its shares will resume trading on Oct 16 after 10 consecutive limit-up sessions between Sept 21 and Oct 12, gaining 159.51%, with its latest trailing price-to-earnings ratio at 337.4 versus an industry average of 17.77. The company plans to issue shares to acquire 100% of Shanghai Jiemian Cailianshe Technology Co., with audit and valuation work still underway.

TREE NEWS reports: US September PPI rose 6.3% year-on-year with core inflation widening to 5%, both above expectations, while September retail sales grew 0.8% month-on-month on higher gasoline station sales. TSMC reported a sixth straight record quarter, with Q3 net profit up 69% and a Q4 revenue guidance 6% above expectations. AI trade pullback weighed on chip stocks, with SK Hynix down about 6% and TSMC down 2% premarket.

TREE NEWS update: Shennan Circuits said it expects net profit attributable to shareholders of 4.05 billion to 4.15 billion yuan for the first three quarters of 2026, up 74.13% to 78.43% from 2.326 billion yuan a year earlier. Non-recurring net profit is forecast at 4.018 billion to 4.118 billion yuan, up 84.15% to 88.73%, with basic earnings per share of 6.02 to 6.17 yuan.

TREE NEWS update: Chinese chipmaker MetaX said it expects revenue of RMB 2.541 billion to RMB 3.106 billion for the first three quarters of 2026, up 105.60% to 151.29% year on year, with net profit attributable to shareholders of RMB 587 million to RMB 717 million. That compares with a RMB 346 million loss in the same period of 2025, a swing to profit. Non-GAAP net profit is forecast at RMB 223 million to RMB 302 million.

TREE NEWS update: China’s Accelink Technologies said it expects net profit attributable to shareholders of 1.189-1.310 billion yuan for the first three quarters of 2026, up 65.37%-82.26% year on year. The company attributed the gain to surging global AI compute capex driving demand for datacom optical modules, alongside continued domestic cloud providers’ data center investment.

TREE NEWS update: New York City Comptroller Mark Levine said he has written to Anthropic CEO Dario Amodei urging the company to pause its planned initial public offering. The letter asks Anthropic to hold off until it has fully and transparently addressed the AI safety, governance and development concerns the company itself has raised, and to focus on resolving those risks rather than proceeding with the IPO. New York City holds less than $10 million of exposure to Anthropic through private markets.

TREE NEWS reports: Cathay Pacific is seeking to order as many as 50 additional large passenger aircraft from Airbus and Boeing. The Hong Kong-based carrier has yet to disclose which models or a timeline for the potential purchase. Neither Airbus nor Boeing has commented on the reported talks.

TREE NEWS reports: Charles Schwab reported third-quarter net revenue of $7.17 billion, matching expectations, with earnings per share of $1.62. The brokerage logged $192.4 billion in net new assets for the quarter, above forecasts. Schwab shares edged higher in premarket trading.

TREE NEWS update: Changchuan Technology announced that controlling shareholder and chairman Zhao Yi proposed a share buyback of RMB 50 million to RMB 100 million using the company’s own or self-raised funds. The repurchase price will not exceed 150% of the average trading price over the 30 trading days before the board approves the plan, with shares intended for equity incentives or employee stock ownership plans.