Flash News

TREE NEWS reports: Bitcoin pushed toward $87,000 on Wednesday, with its advance capped by overhead ask liquidity, while US stocks broke out to new all-time highs. The two markets diverged as the benchmark equity indexes set records and bitcoin’s upside stayed limited by sell orders resting above the price.

TREE NEWS reports: Europe’s STOXX 600 closed up 0.47% at 636.58 points, with the eurozone STOXX 50 gaining 0.57% to 6,277.52. The FTSE Eurofirst 300 advanced 0.48% to 2,543.23. The preliminary closing figures mark a broadly higher session across the region’s main equity benchmarks.

TREE NEWS update: Nasdaq-listed Solana treasury company DeFi Development Corp. approved a buyback program for its CHAD preferred stock covering all outstanding shares and any future issuance. The company said it has no immediate plans to repurchase, with its priority being to return CHAD to its $10 par value. The authorization adds a potential capital-allocation tool to its existing $300 million CHAD ATM used to fund SOL purchases.

TREE NEWS update: Solana treasury firm DeFi Development has approved an open-ended program to repurchase its CHAD preferred stock whenever it trades below its $10 par value. The authorization gives the company standing approval to buy back the shares in the market. No size, funding source or timeline was disclosed.

TREE NEWS update: Prosus repurchased 2.24 million of its own shares between Sept. 28 and Oct. 2 at an average price of €35.65 each. The buyback was carried out over the five-session window, the company said. No total consideration for the repurchase was disclosed.

TREE NEWS reports: SpaceX climbed more than 3% in early trading on October 6 to $176.42, its highest level since June 22, extending a recent rally. Morgan Stanley analysts issued a bullish report calling the stock undervalued, while a string of recent milestone flight missions also helped drive the gains.

TREE NEWS update: Marvell Technology shares rose more than 10% after the company said it expects total revenue of $20 billion in fiscal 2028. The chipmaker’s forecast points to continued demand growth, though the announcement gave no further breakdown of the revenue outlook.

TREE NEWS reports: At the US market open, most major sector ETFs moved higher. The global airlines ETF rose more than 2%, the utilities ETF gained nearly 2%, and the networking stock index ETF climbed close to 1%.

TREE NEWS reports: Veteran investor Jim Paulsen said the combined pressure of $100-a-barrel oil, 5% Treasury yields and a stronger dollar has yet to hit US stocks meaningfully, and that when these three factors previously weighed on the S&P 500 together, the index fell as much as 15% over the following three to five months. If it repeats, the S&P 500 would post its first annual decline since 2022.

TREE NEWS reports: The S&P 500 rose 0.6% to set a new record high, its first since August. The benchmark index’s move above its prior peak marks a fresh all-time closing level for the index.

TREE NEWS reports: US stocks opened higher, with the Nasdaq up 0.6%, the S&P 500 up 0.5% and the Dow up 0.4%. Constellation Energy rose about 12% after reports that Alphabet, Google’s parent company, reached an agreement with the company for 890 megawatts of nuclear power capacity.

TREE NEWS reports: The S&P 500 opened 32.01 points higher, up 0.41% at 7,805.96. The Dow Jones Industrial Average rose 176.20 points, or 0.34%, to 51,444.10, while the Nasdaq Composite gained 163.86 points, or 0.60%, to 27,641.17 at the open.

TREE NEWS update: Fortitude has committed up to $100 million to Zcash mining equipment as it expands capacity and increases financing from DCG. The company also secured priority access to BITMAIN’s next-generation Zcash miners. The commitment marks a further build-out of Fortitude’s Zcash mining operations.

TREE NEWS update: Paramount has completed its acquisition of Warner Bros. Discovery. The closing of the deal combines the two Hollywood studios under Paramount’s ownership.

TREE NEWS update: AT&T has agreed to form a US fiber joint venture with Global Infrastructure Partners and CPP Investments, holding 50% with the partners owning the rest. AT&T contributes fiber expertise and distribution; GIP and CPP provide capital under a capital-light structure, with proceeds used to cut net debt to about 2.5x adjusted EBITDA. The venture aims to expand fiber buildout across 16 states and help AT&T cover over 60 million fiber locations by end-2030, with the deal expected to close in the first half of 2027.

TREE NEWS update: Uber will acquire catering marketplace ezCater for $2.3 billion, the company announced. The deal marks a further expansion by the ride-hailing and delivery group into corporate food services. No further terms were disclosed.

TREE NEWS reports: Lamb Weston reported first-quarter net sales of $1.67 billion, ahead of the $1.65 billion estimate. Adjusted earnings per share came in at $0.75 versus an expected $0.58, and adjusted EBITDA was $286 million against a $262.1 million estimate.

TREE NEWS update: Moody’s upgraded the long-term issuer ratings of four Chinese brokerages — CICC, CICC International, CITIC Securities and Guotai Haitong Securities — to A3 from Baa1. The agency said the action reflects a higher likelihood of official support, given the firms’ growing strategic importance to China’s economic and financial policy goals and their role in the capital markets. S&P had raised its rating on China’s securities industry days earlier.

TREE NEWS reports: Several Chinese brokerages are holding a neutral-to-optimistic stance on A-share market performance in the fourth quarter. Zheshang Securities expects the “diamond-shaped” market structure to persist through Q4, taking a neutral-to-slightly-positive view on domestic policy and broad-based valuations, and says it remains overall neutral-to-optimistic on A-share trends. The firm also noted technology stocks may still offer opportunities.

TREE NEWS reports: Wells Fargo raised its price target on Meta Platforms to $1,000 from $796, while lifting its target on Alphabet to $417 from $411. The bank issued the revised targets on both US tech giants.