Flash News

TREE NEWS update: Citi is detailing a stablecoin checkout service built with Coinbase that lets institutional merchants settle payments in fiat without holding digital assets. The US-first expansion was outlined by the bank, with general availability and the supported tokens still unspecified. The tie-up pairs Citi’s payments rails with Coinbase’s stablecoin infrastructure.

TREE NEWS update: Kroger will cut roughly 3,000 corporate workforce positions over the next three years, representing about 37% of that workforce. The US grocery chain disclosed the planned reduction as a multi-year restructuring of its corporate staffing.

TREE NEWS update: Applied Materials has established Epic Center, a $5 billion research and development facility in Silicon Valley, spanning 600,000 square feet. The chip-equipment maker said the site is its largest R&D investment to date. No timeline or additional partners were disclosed.

TREE NEWS reports: US sector ETFs closed mixed on Monday, October 12, with the semiconductor ETF down 2.05%. Global tech, technology sector and internet stock index ETFs fell between 0.83% and 1.36%, while the energy sector ETF gained 1.43%.

TREE NEWS reports: Within the S&P 500’s 11 sectors, information technology closed down 0.9% and consumer discretionary fell 0.73%. Telecom services, consumer staples and energy were the gainers, rising between 1.12% and 1.48%. The split session left defensive and energy names higher while tech and discretionary shares lagged the index.

TREE NEWS update: Navitas Semiconductor (NVTS) unveiled a 24 kW, 800 V-to-12 V DC-DC power board built with its GaNFast technology and developed in collaboration with Nvidia. The board is designed to support the NVIDIA MGX ecosystem and advance 800 V DC power delivery architecture in AI data centers. It is scheduled to be shown at the NVIDIA AI Factory MGX Wall partner showcase at the 2026 OCP Global Summit.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 1.51% to 3,119.71 on Monday, October 12, after briefly rising to an intraday high of 3,187.66 in Asia-Pacific morning trade. Losses widened through the US session, with Lucid Group down 9.37%, MP Materials 6.03%, Xiaomi’s Hong Kong shares 5.55%, Hesai ADRs 5.56% and Tesla 1.22%. Volvo Car gained 3.35% in Europe and Zhejiang Leapmotor rose 4.31% in Hong Kong.

TREE NEWS reports: Fannie Mae shares dropped 14% on Monday, hitting their lowest level since January 2025. The decline marks one of the sharpest single-day moves for the mortgage-finance giant this year. No reason for the drop was given in the available material.

TREE NEWS reports: US stocks closed mixed on Oct. 13, with the Dow up 0.30%, the Nasdaq down 0.70% and the S&P 500 down 0.08%. SanDisk (SNDK) fell 5.98%, SKHY lost 4.08%, Micron (MU) dropped 3.65%, Intel (INTC) declined 3.17% and Riot Platforms (RIOT) slipped 2.58%. Meta (META) bucked the trend, gaining 3.45%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed provisionally 0.3% lower. Among popular Chinese ADRs, Xiaomi and Hesai each fell 5.5%, VNET dropped 3.8%, while NIO, BYD, Canadian Solar, JinkoSolar and XPeng each lost at least 2.5%. Baidu fell 1.2%, Tencent 0.9% and Alibaba 0.5%, while NetEase rose 0.9%, ZTO Express 1.5%, ASE Technology 2.6% and Chagee 6.6%.

TREE NEWS reports: The S&P 500 closed down 0.1%, with technology off more than 0.9% and consumer discretionary down 0.7%, while telecom gained 1.1% and energy rose 1.3%. The Nasdaq 100 fell 0.7%, as Lumentum dropped 9.8%, SanDisk 5.9%, Nebius Group 5.1%, Astera Labs 5.1%, Moderna 5%, Micron 3.6%, Intel 3.2% and Western Digital 2.4%. Meta rose 3.3% and Shopify 4.7%; the semiconductor index slid 2.6% and the memory-chip index 3.7%.

TREE NEWS reports: Nasdaq-listed Solana treasury firm DeFi Development now holds about 2.59 million SOL, with its weekly purchases continuing to shrink. The company’s CHAD preferred stock hit a record. The disclosure covers the treasury position and the preferred shares, with no further figures given.

TREE NEWS reports: The Hang Seng Index main futures contract closed down 0.07% at 24,228 in the overnight session. The Hang Seng Tech Index main futures contract finished 0.38% lower at 4,149 in the same session.

TREE NEWS reports: Cerebras Systems (CBRS) held a decline of more than 10%, steadying near $146.26 — its lowest intraday level since its May US IPO. The stock remained pinned at that post-listing trough, extending losses from its debut valuation.

TREE NEWS reports: Bumble shares rose as much as 21% and were briefly halted for volatility on reports the dating app company is in advanced talks to be taken private at a $1 billion valuation. Match Group shares also climbed 3.7%.

TREE NEWS update: Evernorth began trading on Nasdaq under the ticker XRPN on Monday after completing its SPAC merger, holding 473 million XRP. The stash is now worth roughly 40% less than at signing, and about 80% of SPAC investors redeemed their shares before the deal closed.

TREE NEWS reports: US pending home sales fell 4% month-over-month in September, the largest drop in more than three years, sliding to their lowest level since 2014 and above only the first months of the pandemic in 2020. data. Pending inventory climbed to its highest since March 2020, while mortgage rates above 7% returned. Redfin chief economist Daryl Fairweather said sentiment in the housing industry has shifted markedly, with fewer buyers able to afford a home.

TREE NEWS reports: Leapmotor International CEO Danilo Annese said at the Paris Motor Show that pure electric vehicles now account for as much as 90% of the brand’s European sales, with overall European volumes exceeding the company’s earlier expectations. Leapmotor also unveiled the D19 SUV, which is equipped with a range extender, and said it is weighing how to make further use of its European production capacity.

TREE NEWS reports: Meta’s gain narrowed to 2.9% after earlier rising as much as 4.6%, marking a pullback in the stock’s advance during the session. The move reflects fading momentum in the shares, which had been among the stronger performers before the rally cooled.