Flash News

TREE NEWS reports: Investors are favoring derivatives over direct bets as Brazil’s presidential race stays too close to call, with options activity on the largest Brazil equity ETF heating up as markets brace for sharp swings in the real. Gramercy Funds Management’s co-head of sovereign research said the initial market reaction could be sharply divergent depending on the result, adding that fiscal reform momentum would strengthen markedly under Bolsonaro, accompanied by strong market optimism.

TREE NEWS reports: Nvidia shares closed at a record high on Friday, lifting the AI chipmaker’s market value to $5.7 trillion and topping its May peak. The move followed a record $150 billion buyback and a weak US jobs report that cooled bets on Federal Reserve rate hikes.

TREE NEWS update: Google has raised the price of its budget Pixel 10a smartphone by $100 to $599. The increase lifts the entry-level Pixel model to a higher price point than its predecessor. No reason for the change was given.

TREE NEWS reports: The MSCI Nordic Countries Index rose 0.8% to 386.26 points, its biggest single-day gain since Sept. 17, when it closed up 1.2%, after falling 1% on Thursday. Among the ten sectors, Nordic industrials posted the largest advance. Vestas Wind Systems led individual Nordic stocks with a 5.5% gain.

TREE NEWS reports: Prediction market Kalshi is seeking a $40 billion valuation, while crypto exchange Blockchain.com is targeting an IPO, even as crypto treasury companies struggle to hold their once-high valuations. The developments signal returning capital to the sector, but the premium multiples that treasury vehicles once commanded have faded.

TREE NEWS reports: Germany’s DAX 30 closed provisionally up 1.15% at 25,225.22 points, trimming its weekly loss to about 0.7%. France’s index rose 0.78%, Italy’s gained 0.4% while its bank index fell 1%, and the UK index added 0.3%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index fell more than 2%, with Lufax Holding down 10.92% and MAAS down 9.04%. VNET Group dropped 7.56% and GDS Holdings slipped 6.61%, while ZKH Group declined 4.24%.

TREE NEWS reports: Goldman Sachs bankers earned substantial fees from handling SpaceX’s June public listing, while the bank’s clients also booked large returns on share sales. Goldman had helped wealthy clients bet on Musk’s company more than five years ago, and its partners were able to co-invest with clients, potentially realizing significant gains. The bank will use proceeds from incentive fees to accelerate some charitable donations for tax optimization, a move CEO Solomon hinted at during a conference last month.

TREE NEWS reports: Tesla shares climbed 5.3% on the day, marking the stock’s largest single-day gain in nearly a month. The move was the only detail reported on the session.

TREE NEWS reports: The S&P 500 rose 1% to a new intraday record, while the Nasdaq 100 gained 1.3% in the same session. The move marked a fresh intraday high for the benchmark US equity index as technology shares led the advance.

TREE NEWS reports: Nvidia shares climbed 2.5% on Tuesday, setting a record high for the first time since May. The move marks the chipmaker’s return to an all-time peak after several months below its previous top.

TREE NEWS reports: Ford Motor retained its third-place ranking in US light-vehicle sales in the third quarter, narrowly holding off Hyundai Motor Group. Ford sold 507,395 light vehicles in the quarter, down 6.6% year over year; the figure excludes its largest heavy-duty pickups, which are classified separately. Hyundai Motor Group, including Hyundai, Kia and Genesis, sold 506,200 units, up 5.4%.

TREE NEWS reports: US nonfarm payrolls came in below expectations, unexpectedly cooling the labor market and weakening expectations for an October Fed rate hike. The three major US indexes opened higher, with the Nasdaq up 1.28%, the S&P 500 up 0.90% and the Dow up 0.66%. Nvidia gained more than 2% and Tesla rose 1.63% after third-quarter deliveries beat market expectations, while Seagate fell more than 13% and Nike opened down 6.5%.

TREE NEWS update: Paramount SkyDance CEO David Ellison said the combined company formed by Paramount’s merger with Warner Bros. Discovery will be named ‘Skydance’ once the deal closes next week. Ellison called it a full-circle moment for a company that has completed two major acquisitions in the past 18 months.

TREE NEWS reports: Tesla delivered 486,532 vehicles in the third quarter, down 2.1% year over year, the company reported. The figure topped analyst estimates of 463,761 vehicles. Deliveries are the closest proxy Tesla provides for quarterly sales ahead of its full earnings release.

TREE NEWS reports: Samsung Electronics has set its supply quote for next year’s HBM4 at the mid-to-high $4 per gigabit range, more than triple the roughly $1.50 per Gb price of its current flagship HBM3E, and has begun annual contract negotiations with major customers. The pricing signals the Korean chipmaker’s push to capture more value from the AI compute arms race.

TREE NEWS reports: US stock index futures rose sharply after the release of US nonfarm payrolls data. Nasdaq futures gained 0.95% intraday, S&P 500 futures rose 0.70% and Dow futures added 0.71%. The dollar fell 0.67% against the yen to touch 157, while US Treasuries rallied, with 2- to 7-year yields falling at least 10 basis points on the day.

TREE NEWS reports: Micron Technology has extended its forecast for tight memory supply into 2027-2028 and is simultaneously expanding capacity at four sites, Asia DRAM front-end manufacturing vice president and Micron Taiwan chairman Dong Huilu said on October 2. The company cited strong AI-driven memory demand. The longer supply-tightness outlook was the biggest incremental information from its latest earnings report.

TREE NEWS reports: Seagate Technology shares fell more than 7% in US pre-market trading after a report said Samsung plans to triple HBM prices next year. The drop reflects investor concern over rising memory costs for storage and hardware makers. Samsung has not confirmed the reported price increase.

TREE NEWS reports: Citi raised its price target on bitcoin treasury company Strategy to $240 from $136, citing an upward revision to its bitcoin price forecast. The new target implies roughly 50% upside from the stock’s current price.