Flash News

TREE NEWS reports: The S&P 500 opened down 11.97 points, or 0.15%, at 7,795.27, while the Dow Jones Industrial Average opened up 242.44 points, or 0.47%, at 52,092.99. The Nasdaq Composite opened 107.17 points lower, or 0.39%, at 27,138.73.

TREE NEWS update: Strive purchased 3,311 bitcoin as warrants covering 15.3 million shares approach their Tuesday 5 p.m. ET expiry, CEO Matt Cole said, putting the exercises at $208 million. The company also made its $100 minimum sale price for SATA preferred shares a binding charter rule.

TREE NEWS reports: Citigroup’s fixed income trading business delivered its best third-quarter performance in at least ten years, with bonds, currencies and commodities revenue reaching $4.4 billion, beating the $4.3 billion analyst average. Services revenue rose 15% year-on-year to $6.6 billion. The stronger FICC and services results offset weaker merger advisory, where revenue fell 4%, and lower bond underwriting income.

TREE NEWS update: Apple executive chairman Tim Cook was seen on the Tsinghua University campus in Beijing on October 13. One user, identified as Lucky, said she encountered Cook at around 2 p.m. outside the Jianhua Building of Tsinghua’s School of Economics and Management; he waved and left shortly after.

TREE NEWS update: Apple has released a new Apple TV set-top box priced at $299 and a second-generation HomePod mini priced at $149. The two products were announced together, with the Apple TV box and HomePod mini 2 now added to Apple’s hardware lineup at those price points.

TREE NEWS update: Apple unveiled HomeView, a smart home hub priced at $299, alongside a new Apple TV 4K and a line of smart home accessories. The product launch marks Apple’s latest push into the connected-home market, with the $299 hub positioned as the centerpiece of the new lineup.

TREE NEWS update: Zoomlion announced it will transfer a 29.99% stake in RoadRover Technology to Yuanzhuo Angel at RMB 25 per share, for total consideration of RMB 899.7 million. The buyer will designate an offeror to launch a partial tender offer, and Zoomlion plans to tender 14% of its shares. After the deal, Zoomlion’s holding falls to 9.83% and it ceases to be RoadRover’s controlling shareholder; the transaction is expected to affect profit by about RMB 288 million.

TREE NEWS update: Hong Kong’s Securities and Futures Commission has taken action against a group suspected of manipulating an initial public offering and suspended trading in ChaPanda shares, state broadcaster Yuyuantan Tian reported. The SFC did not name the group or specify the number of parties involved. ChaPanda, a Chinese tea-drink chain, listed in Hong Kong in April 2024.

TREE NEWS update: Nvidia and Cisco jointly launched an ultra-dense small form-factor pluggable (USFP) module, the industry’s first to support 400Gb/s electrical signaling per lane and up to 12.8Tb/s per module, targeting next-generation AI factories. Separately, Marvell introduced second-generation Structera X 3406 and 3506 CXL memory expanders for AI inference, billed as the first six-channel CXL 3.2 expanders supporting up to 9TB DDR4 or 6TB DDR5 per controller. Samsung and AMD also demoed a CXL memory expansion solution at OCP 2026.

TREE NEWS reports: Goldman Sachs reported third-quarter equity trading revenue of $6.44 billion, beating Wall Street estimates, though below the record $7.42 billion posted in the second quarter. Fixed income, commodities and currencies trading revenue came in at $3.47 billion, below expectations and down nearly 1% year on year. Investment banking fees reached $3.22 billion, above forecasts, while asset management fees set a record.

TREE NEWS update: Enjie Co. announced it expects net profit attributable to shareholders of RMB 1.54 billion to 2.05 billion for the first three quarters of 2026, compared with a loss of RMB 86.32 million a year earlier, a swing of RMB 1.626 billion to 2.136 billion. Non-GAAP net profit is expected at RMB 1.57 billion to 2.07 billion. The company cited a continued upcycle in the lithium battery separator industry, rebounding separator prices, higher sales volumes and an increased share of high-margin products.

TREE NEWS reports: JPMorgan Chase CFO Barnum said the decline in FICC trading revenue is “normal ups and downs,” characterizing the move as routine volatility rather than a structural shift. The comment addresses the bank’s fixed income, currencies and commodities trading performance. No specific figures or time period were given.

TREE NEWS update: Lin Zhihui has resigned as chairman, director and legal representative of Chinese pharmaceutical firm Pien Tze Huang, citing a work adjustment. He also stepped down from the relevant special committees of the board. After his departure, Lin will hold no position at the company or any of its subsidiaries, the company said.

TREE NEWS reports: Citigroup reported third-quarter revenue of $23.85 billion, above the $23.72 billion market estimate. Earnings per share came in at $2.85. FICC sales and trading revenue was $4.39 billion versus an estimated $4.26 billion, while equities sales and trading revenue was $1.73 billion against an estimated $1.78 billion. Citigroup shares slipped slightly in pre-market trading.

TREE NEWS reports: Wells Fargo reported third-quarter net income rose 6.5% to $5.95 billion, or $1.87 per share, beating analysts’ adjusted estimate of $1.84. Revenue grew 2% to $21.9 billion. Credit loss provisions were $1 billion and net charge-offs $983 million, both better than Bloomberg-compiled analyst expectations. CEO Charlie Scharf said consumer and business clients remain in good shape despite mixed confidence and economic uncertainty.

TREE NEWS reports: JPMorgan Chase reported a 4% year-over-year decline in fixed-income trading revenue for its third fiscal quarter, the first drop in more than two years. Total trading revenue reached $10.3 billion, below analysts’ $10.5 billion estimate. CEO Jamie Dimon cited large fiscal deficits, sticky inflation, elevated asset prices, rising rates and geopolitical conditions as factors still shifting beneath the surface.

TREE NEWS reports: US major indexes closed higher in the week to October 9, with the S&P 500 up about 1.2% to 7,811.54 and the Dow up 0.9% to 51,654.95, while AI chip stocks fell as Nvidia dropped about 2.00% to $229.28 and AMD about 4.07% to $608.10. September CPI is due October 14, PPI and retail sales October 15, with JPMorgan and Goldman Sachs reporting October 13, and TSMC’s quarterly call on October 15.

TREE NEWS update: JPMorgan expects fourth-quarter net interest income of approximately $28 billion and full-year net interest income of about $106.2 billion, above the $105.28 billion market estimate. The bank also guided full-year adjusted expenses to roughly $108.6 billion, up from its prior outlook of about $107.5 billion.

TREE NEWS update: Transsion Holdings has fixed the final price of its H-share offering at HK$35.30 per share, the company said in a filing. The H shares are expected to list and begin trading on the Main Board of the Hong Kong Stock Exchange on Oct 15, 2026.

TREE NEWS update: Xiangtan Electric Manufacturing Co. said it expects attributable net profit of 10 million to 14 million yuan for the first three quarters of 2026, down 93.02% to 95.01% year on year, with non-recurring net profit at a loss of 20 million to 26 million yuan. The company attributed the decline to lower product gross margins on falling selling prices and higher copper and silver raw material costs, along with increased R&D spending and reduced policy subsidies.