Flash News

TREE NEWS reports: Citi tactically downgraded US equities, global tech and European tech to “neutral” from “overweight” on November 9, citing the risk of further declines in investor positioning, while upgrading European equities excluding the UK to “overweight”. The bank said AI market sentiment has weakened sharply, partly because midterm election results raised questions over the long-term path of AI spending. Nasdaq positioning could swing from neutral to net short, and would need a further roughly 5% decline to turn genuinely negative, Citi said, adding it remains bullish on AI over the medium term but will restore an overweight only after positioning clears and AI sentiment stabilizes.

TREE NEWS reports: JPMorgan strategists led by Dubravko Lakos-Bujas said investor pessimism may be nearing its peak after last week’s momentum-trade crash, which they view as a deleveraging process. The team said signs of capitulation are mounting after the largest unwind of long-momentum strategies relative to the broader market in about 40 years, with deleveraging indicators back at levels seen during the “Liberation Day” period and sentiment shifting from bullish in June to bearish.

TREE NEWS update: European Commission President Ursula von der Leyen said on 9 January that the EU will take part in this week’s trilateral Russia-US-Ukraine talks in Abu Dhabi, the UAE. She said she had spoken by phone with Ukrainian President Volodymyr Zelensky about “ongoing peace efforts” and the talks. Zelensky said the two agreed on the EU launching an emergency assistance mechanism for Ukraine.

TREE NEWS update: President Trump defended his family’s World Liberty Financial crypto venture against questions about foreign money, citing index funds, his sons and George Washington in his response. The remarks came after midterm elections that handed Democrats control of congressional committees and their subpoena power. Trump said past presidents owned “whatever crypto was at the time.”

TREE NEWS update: Poland’s lower house of parliament has backed a broader sanctions bill that allows crypto assets held on exchanges to be frozen before a court reviews a customer’s designation. Listed customers could lose access to exchange-held assets prior to judicial review, and an appeal would not automatically lift the restrictions.

TREE NEWS update: China’s Cyberspace Administration launched a new filing system for internet technology and new-application information services at beian.cac.gov.cn, retiring its separate algorithm-filing and blockchain-service filing systems. Shanghai’s cyberspace regulator said blockchain service names may not contain terms such as virtual currency, exchange or ICO, and that virtual-currency issuance, trading or ICO activity, overseas server deployment and missing ICP filings can all affect applications. BaaS platforms must also file, and generative AI apps calling filed models via API to serve the public must register.

TREE NEWS update: Expace unveiled a development plan on Nov 9 for its Kuaizhou launch vehicle series, targeting more than 50 missions over the next three years using the Kuaizhou-1A and Kuaizhou-11 rockets. In 2027, the solid-liquid Kuaizhou-12 and the reusable liquid Kuaizhou-6 are scheduled to make their maiden flights, with payload capacities of 10 and 20 tonnes respectively. Kuaizhou rockets have flown 40 missions since their first launch in 2013.

TREE NEWS update: NRG Energy will sell 4.9 gigawatts of natural gas assets to LS Power for $4 billion in cash and use the proceeds for a $3 billion share buyback in 2026-2027. The transaction, reported by Bloomberg, pairs the asset sale with a multi-year capital return plan.

TREE NEWS update: SWANCOR Advanced Materials said its stock has risen more than 100% recently and its latest price-to-earnings ratio is significantly above the chemical raw materials and chemical products industry’s one-month average trailing P/E of 19.57 times. The company said its consumer-grade embodied intelligent robot business is still in an early stage, with household applications just beginning and sustainable end-market demand yet to be verified.

TREE NEWS update: Republican U.S. Representative Thomas Massie will file articles of impeachment against Defense Secretary Pete Hegseth today, alleging Hegseth launched hostilities against Iran without congressional approval and “abused the powers of the Department of Defense.” The move by a member of the president’s own party targets the Pentagon chief over unauthorized military action.

TREE NEWS update: Apple has added iPad and Mac use cases to its Apple Intelligence generative AI service registration in China, completing a filing change with Shanghai’s cyberspace regulator under the Interim Measures for the Management of Generative AI Services. The update follows Apple’s announcement that Apple Intelligence would begin public testing in China from November 4, integrating Alibaba’s Qwen model.

TREE NEWS update: Focus Lightings Technology plans to issue shares to no more than 35 designated investors to raise up to 1.5 billion yuan ($210 million), the company said. Proceeds will fund an expansion and upgrade project for high-performance red and yellow light epitaxial wafers and chips with annual capacity of 3 million pieces, as well as a research and development center.

TREE NEWS update: Coinbase’s US national trust bank charter has taken effect, the company said, allowing it to expand its institutional crypto custody business under federal supervision. The exchange is also exploring digital asset payment products under the new charter.

TREE NEWS reports: Coinbase CEO Brian Armstrong publicly confirmed his marriage to Angela Meng in October 2024, his first marriage, according to a profile of the partners of prominent Silicon Valley figures. The piece also covers Priscilla Chan, wife of Meta founder Mark Zuckerberg; Jolin Keren, sixth wife of Oracle founder Larry Ellison; Lauren Sánchez, wife of Amazon founder Jeff Bezos; and Camila Clark, wife of Anthropic co-founder Dario Amodei, who is credited with helping Anthropic secure early investment from former Google CEO Eric Schmidt in 2021.

TREE NEWS update: Zhangyuan Tungsten said in a November 9 notice that it will implement new prices for its cemented carbide products from November 10, 2026, citing sustained increases in tungsten raw material costs that have sharply raised production costs. The company issued a formal notice on adjusting prices for the cemented carbide product line.

TREE NEWS update: Apple has received approval in China for AI features on its iPad and MacBook devices. The approval clears the way for the company to offer the AI capabilities to users in the Chinese market.

TREE NEWS reports: DE Shaw is in discussions with UK digital bank Monzo about providing investment support, the companies confirmed. The talks were reported on November 9. No investment amount, valuation or deal terms were disclosed. Monzo is a UK-licensed digital bank, not a crypto firm.

TREE NEWS update: The Adriatic oil pipeline (JANAF) has suspended crude deliveries to Serbia’s Pancevo refinery since Nov. 6 after damage to a section of the line inside Croatia, Serbian authorities said on Nov. 9. The pipeline runs from Croatia’s Omisalj port and is a key cross-border crude network for Central and Eastern Europe, as well as one of Serbia’s main routes for importing crude via the Adriatic.