Flash News

TREE NEWS update: Strategy repurchased $192 million of its Stretch preferred stock, about nine times the amount it spent on bitcoin last week, leaving $354.8 million remaining of its $2 billion buyback authorization. The company, led by Michael Saylor, has been raising capital through preferred stock sales while continuing to accumulate bitcoin.

TREE NEWS update: Getty disclosed that certain noteholders will redeem $270 million of its senior unsecured notes. The company said it will continue normal operations and has secured $143 million in financing support.

TREE NEWS reports: LVMH reported third-quarter organic revenue growth of 1%, below the 1.52% analysts had expected. Quarterly revenue came in at €18.5 billion, in line with the €18.5 billion consensus estimate. The French luxury group’s results, released Tuesday, showed its core sales expanding at a slower pace than forecast.

TREE NEWS reports: The MSCI Nordic Countries Index rose 0.4% to close at 392.58, its highest close since Sept. 23. Among the ten sectors, Nordic industrials posted the biggest gain. Orion Oyj led individual Nordic stocks with a 3.8% advance.

TREE NEWS update: XPeng aims to reach 500,000 annual vehicle sales in Europe by the end of 2030, chairman He Xiaopeng said Monday during an interview at the Paris auto show. He said hitting the target depends on finding ways to build more cars in Europe. The Guangzhou-based company is targeting 1 million global annual sales, with Europe accounting for half. Ford delivered over 426,000 vehicles in Europe last year and Opel registered 400,000.

TREE NEWS reports: Goldman Sachs expects US companies to return a record $1.7 trillion to shareholders through stock buybacks by 2027, cushioning equity supply that is set to rise sharply next year. The bank said buybacks, together with strong demand from households and foreign investors, should be enough to absorb the new shares and shield market valuations from dilution near record highs.

TREE NEWS reports: Getty Images will file for bankruptcy within the coming weeks. No further details on the filing, including its timing or jurisdiction, were provided. Getty Images has not publicly commented on the report.

TREE NEWS reports: Germany’s DAX 30 index closed provisionally up 0.68% at 25,258.81. France’s benchmark gained 0.26%, Italy’s index rose 0.44% with its bank index up 0.50%, and the UK index added 0.83%.

TREE NEWS update: SkyAI is selling half of its SOL treasury and plans a $201 million cash buyback. The proposed $3-per-security offer targets 95% of eligible shares and warrants, with a condition that SOL’s closing price stays above $100 during the offer period.

TREE NEWS reports: DeFi Development Corp. added 22,070 SOL last week, lifting its total holdings to 2.59 million SOL, a 12% increase. The company’s CHAD preferred stock hit record highs despite a broader selloff.

TREE NEWS update: Haidilao said in a Hong Kong Stock Exchange filing dated October 12 that it agreed to extend a Hong Kong dollar loan facility of up to RMB 100 million to Zhang Yong, its controlling shareholder, executive director, chairman and CEO. The 30-day facility carries interest at one-month HIBOR plus 60 basis points.

TREE NEWS update: Evernorth’s share price rose 5% at the Nasdaq opening print as investors welcomed the debut of the first pure-play XRP digital asset treasury. The listing marks the arrival of a publicly traded vehicle dedicated solely to holding XRP.

TREE NEWS reports: Bank of America strategist Savita Subramanian said S&P 500 third-quarter earnings will grow 32% year over year, above the 27% consensus estimate. She said the market backdrop into earnings season “has been good,” with Q3 estimates revised up 1% over the past three months and corporate guidance “unusually strong.” Subramanian called the Q3 macro environment “broadly good” but noted the dollar has “turned into a mild headwind.”

TREE NEWS reports: Bitwise CEO Hunter Horsley said on X that global gold’s market size was about $2.5 trillion when gold ETFs launched in 2004, while Bitcoin’s total market was about $2 trillion when US spot Bitcoin ETFs launched in 2024. He drew the comparison to show both asset classes already carried substantial scale as ETF products entered the market. US spot Bitcoin ETFs were approved and listed in 2024.

TREE NEWS update: SoftBank-backed fintech OPay is planning a listing in New York, aiming to raise as much as $500 million. The company has not disclosed a timetable or valuation for the offering. OPay is a mobile payments and financial services platform.

TREE NEWS update: Google released the Fitbit Edge fitness band, priced at $180, the company’s latest wearable under its Fitbit line. The device was announced as a new addition to Google’s consumer hardware lineup. No further specifications or availability details were disclosed.

TREE NEWS reports: Bitmine (BMNR) bought another 12,532 ETH last week, bringing its Ethereum treasury to 6.03 million tokens, or 4.9% of total supply, with 84% of the holdings staked. Chairman Tom Lee flagged the potential for the “largest-ever” crypto bull market.

TREE NEWS reports: US sector ETFs opened mixed on the day, with the energy ETF up 1.5% and the regional banks ETF up nearly 1%. The semiconductor ETF fell 1.65% in early trading, leading declines among the main industry funds.

TREE NEWS update: Bitmine added $32 million in Ethereum, lifting its treasury to 6.03 million ETH, or 4.9% of the token’s total supply. Chairman Tom Lee said the company is nearly “done stacking” and predicted the biggest crypto bull market yet.

TREE NEWS reports: The Philadelphia Semiconductor Index extended its decline to more than 2% on the day. The index, which tracks major US-listed chipmakers, deepened its losses as selling pressure in semiconductor shares persisted. No further detail on the drivers of the move was given.