Flash News

TREE NEWS reports: The S&P 500 closed down less than 0.1%, with healthcare down 1.3% and tech flat, while telecom rose over 0.9% and energy gained 1.7%; the biotech index fell 2.4%. The Nasdaq 100 slipped 0.3% as Applied Materials dropped 6.9%, Vertex lost 4.2%, and Cadence and SpaceX each fell 4.1%, while Meta gained 2.6% and Texas Instruments 2.1%. The Philadelphia Semiconductor Index fell 0.5% and a memory-chip gauge dropped more than 3%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index ended provisionally up 0.2%, with Chinese ADRs mixed. Chagee gained 4.4%, Li Auto rose 3.2%, NIO added 2.5%, Xiaomi climbed 2.3% and Pinduoduo advanced 1.3%, while Alibaba edged up 0.2%. Among decliners, GDS Holdings, Pony.ai and Qifu Technology each fell more than 2%, and Zai Lab dropped 5.9%. The CQQQ ETF rose 0.3%, while KWEB slipped less than 0.1%.

TREE NEWS reports: Citigroup shares extended losses to 5% intraday, the bank’s worst intraday performance since July. The Philadelphia Bank Index was down 1.1% at the same time, with the decline spanning the broader banking sector. No specific catalyst for the move was given.

TREE NEWS reports: Strategy co-founder and executive chairman Michael Saylor said bitcoin has bottomed just below $60,000 and is now headed above $80,000, telling Bloomberg Television it will “certainly” return above $100,000. Saylor forecast 20% to 30% annual bitcoin growth over the next few years and said Strategy will buy more bitcoin and issue additional credit securities to fund purchases. He also called MSCI’s current stance “disappointing” ahead of a Friday decision on whether to drop Strategy from its global equity benchmarks.

TREE NEWS update: Robinhood has opened its social trading feed to eligible US customers, letting users share charts and portfolio allocations. A rollout on the Legend desktop platform is planned in the coming weeks. The feature extends Robinhood’s push to blend investing with social networking as it competes for retail traders.

TREE NEWS update: Robinhood has opened its social trading feed to eligible US users, allowing them to share charts and portfolio allocations within the feature. The company also plans to roll out the feature to the Legend desktop platform in the coming weeks. The move is Robinhood’s latest step in further integrating investing with social networking as it competes for retail traders.

TREE NEWS reports: The Hang Seng Index main-contract futures closed down 0.07% at 24,340 in the overnight session. The Hang Seng Tech Index main-contract futures closed up 0.05% at 4,143 in the same session.

TREE NEWS update: Nasdaq-listed asset manager Strive purchased $280 million in bitcoin at an average price of about $84,500, its largest purchase in months. The buy, made during a rough week for the market, raises the company’s total bitcoin holdings to 32,773 BTC.

TREE NEWS reports: Arm Holdings shares fell as much as 3.5%, extending a decline in the chip designer’s stock. The move marks a continued slide for the company’s shares, though no specific catalyst was cited in the available material. Arm’s stock has been closely watched amid broader semiconductor sector volatility.

TREE NEWS reports: Arm Holdings shares reversed course and turned lower, giving back earlier gains. No further details on the move, its size or the reason behind it were provided.

TREE NEWS update: Boeing will begin delivering 737 MAX aircraft to All Nippon Airways in December. The Japanese carrier is set to receive the first of the jets under the delivery schedule, marking the start of ANA’s 737 MAX fleet intake. No further details on order size or delivery pace were provided.

TREE NEWS update: Qualcomm said a jury found that Arm intentionally interfered with its business, the chipmaker disclosed. The finding marks a further turn in the long-running dispute between the two chip companies, which have clashed over licensing and chip designs. No further details on the verdict or any damages were given.

TREE NEWS reports: Goldman Sachs’ prime brokerage financing business to hedge funds generated $3.37 billion in equity financing revenue in its fiscal third quarter, up 96% year on year, surpassing its equities intermediation revenue of $3.08 billion, which rose 52%. It is the first quarter the bank’s hedge fund lending business has outearned its stock trading desk, as large investors added leverage while navigating volatile markets, the Wall Street bank said Tuesday.

TREE NEWS reports: Citigroup’s fixed-income trading desk delivered its best third quarter in at least a decade, with markets revenue rising about 6% to $6.1 billion, hitting the target CFO Gonzalo Luchetti set before earnings. CEO Jane Fraser said third-quarter macroeconomic conditions “slightly weakened” on higher energy prices and tighter monetary policy, and spent considerable time on Citi’s AI involvement in data-center construction and internal operations.

TREE NEWS update: Applied Materials said it aims to raise its wafer fab equipment (WFE) market share by more than 2 percentage points between 2025 and 2030. The company expects its e-beam equipment portfolio to generate $2 billion in revenue in 2026, and plans to return 80%-100% of free cash flow to shareholders through 2030. Service revenue is forecast to grow more than 20% in 2026 and exceed $12 billion by 2030.

TREE NEWS update: JPMorgan is marketing a new US investment-grade bond deal just hours after posting third-quarter results and projecting strong net interest income growth through 2027. The offering comprises up to three tranches with maturities of four and 11 years, each callable one year before maturity, a person familiar said. The longest tranche carries initial price guidance of about 115 basis points over Treasuries.

TREE NEWS update: Japan’s Metaplanet plans to issue ¥52 billion ($340 million) of zero-coupon unsecured convertible bonds maturing October 29, 2031, with the issue date set for October 29 and net proceeds of about ¥51.9 billion. Roughly ¥23.6 billion will repay part of a bitcoin-backed credit line drawn to about $650 million of an $800 million facility as of September 30, while up to ¥28.3 billion funds buybacks from October to December, including an off-auction repurchase of up to ¥25.3 billion via ToSTNeT-3 on October 14. The initial conversion price is undetermined.

TREE NEWS reports: Citigroup shares extended losses to 3.8%, touching a fresh session low. The Philadelphia Stock Exchange KBW Bank Index fell 1.2% on the day. The move came as US bank stocks traded broadly lower.

TREE NEWS reports: JPMorgan, Citigroup and Wells Fargo reported combined third-quarter net interest income of $56.5 billion on Tuesday, a fifth consecutive quarterly record, as customers kept borrowing despite higher rates. JPMorgan expects net interest income to rise further in 2027.

TREE NEWS reports: Strive said it raised $208 million through warrant exercises, lifting its Bitcoin holdings by 11% to 32,773 BTC. The company now ranks as the fifth-largest publicly traded corporate Bitcoin holder, and said it continues to expand its treasury through equity financing.