TREE NEWS reports: Bloom Energy shares fell 20.2% on the day. The drop marks a sharp single-session decline for the fuel-cell maker’s stock.
TREE NEWS update: A shooting at a post office in Iowa on the 5th injured multiple people, police said. The suspect has been taken into custody. The incident occurred at a postal facility in the US state, and authorities have not released further details on the number of victims or their conditions.
TREE NEWS update: The developer of a liquefied natural gas (LNG) import project in Mozambique expects to reach financial close in 2027, the company said. The timeline sets 2027 as the target for securing the full financing package needed for the import scheme to proceed. No further details on the project’s cost or backers were provided.
TREE NEWS reports: Spot silver fell 1.0% on the day to $51.67 an ounce, while New York silver also dropped 1.0% to $51.71 an ounce. The move marks a intraday decline for the precious metal.
TREE NEWS update: European Central Bank President Christine Lagarde said the ECB’s December projections will help the central bank determine whether it needs to raise interest rates. The remarks point to the December staff forecasts as the key input for the next policy decision.
TREE NEWS update: European Central Bank Executive Board member Isabel Schnabel said Thursday that climate change is increasingly affecting monetary policy, citing evidence that more frequent floods, heatwaves and droughts are reducing agricultural output, disrupting supply and damaging infrastructure. Speaking in Frankfurt, she said these effects feed through into price dynamics.
TREE NEWS reports: The CBOE Volatility Index (VIX) rose above 25 for the first time since April, with the gauge up nearly 60% at current levels. The move marks a sharp pickup in expected equity-market volatility, pushing the index past the 25 threshold it had not touched since earlier this spring.
TREE NEWS update: ArcelorMittal’s chief financial officer said the company does not expect the halt of production at its Ukrainian operations to have a significant impact on the European steel market. The CFO made the remark in a statement, without providing further details on the scope or duration of the stoppage.
TREE NEWS update: European Central Bank President Christine Lagarde said the energy shock and artificial intelligence are pulling in opposite directions, making the current situation difficult, adding that it is very hard to distinguish between supply-driven and demand-driven shocks. Lagarde made the remarks in comments published on Wednesday.
TREE NEWS reports: The main Shanghai tin futures contract dropped 4% during the night trading session. The decline marks a sharp move in the base metal, though no specific catalyst for the fall was given. Tin is a key industrial metal used in soldering and electronics, and its price swings can affect supply-chain costs for hardware producers.
TREE NEWS reports: The Russell 2000 index fell 2.5% on Monday, putting it on course for its largest single-day decline since June 5. The small-cap benchmark’s slide came as investors moved out of smaller companies. No further details on the drivers or the closing level were immediately available.
TREE NEWS reports: The S&P 500 extended its decline to 3% on Wednesday, marking its largest intraday drop since April. The Philadelphia Semiconductor Index plunged more than 10%, with AMD falling 15.25%, Micron 14.48%, Qualcomm 12.59%, Broadcom 8.12%, TSMC 8.91%, Intel 7.86%, ASML 7.80% and Nvidia 7.73%.
TREE NEWS update: Microsoft said it manages relationships with infrastructure partners based on its own and its customers’ needs, including monitoring delivery schedules and adjusting plans when circumstances change. The company said such adjustments are normal and responsible practice for managing large, complex infrastructure projects, helping it bring capacity online reliably and efficiently. The statement did not name any partner or specify which projects were affected.
TREE NEWS reports: Microsoft is tightening oversight of data center projects with neocloud providers Nebius Group NV, IREN Ltd. and Nscale Plc., exiting some projects it deems risky and debating internally whether to sign new neocloud agreements, people familiar said. On a recent earnings call, CFO Amy Hood said delays in third-party capacity deliveries had disrupted the company’s spending plans — the third time she has raised the issue on an earnings call.
TREE NEWS reports: The Philadelphia Bank Index fell 2% on Wednesday, with Goldman Sachs dropping 5.9% and Morgan Stanley falling 5.6%, marking the largest intraday declines for both banks since February. The moves came as bank stocks broadly weakened during the session.
TREE NEWS update: A fund affiliated with Payward and its clients have acquired a stake in the AAVE token through secondary-market purchases, the company disclosed. Payward did not reveal the size of the position or the price paid for the tokens, and said it may acquire more AAVE. The disclosure confirms the group’s exposure to the governance token of the Aave DeFi lending protocol.
TREE NEWS update: European Central Bank President Christine Lagarde said this year’s hot summer should serve as a wake-up call for Europe, urging the continent to address the financial consequences of global warming and make its energy system more flexible. She did not announce new policy measures in the remarks.
TREE NEWS reports: Bitcoin dropped 5.0% on the day to trade at $76,245, extending its intraday decline. The move marks a sharp single-session pullback for the largest cryptocurrency, with the price quoted at $76,245 at the time of the data.
TREE NEWS reports: The CBOE Volatility Index (VIX) jumped 50.0% intraday to 24.86, while the S&P 500 fell more than 2.5% on the same session. The moves mark a sharp spike in market fear and a broad selloff in U.S. equities.
TREE NEWS reports: US natural gas inventories increased by 77 billion cubic feet last week, falling short of analysts’ expectations of a 79.44 Bcf build. The weekly gain of 2.07% brought total storage to 3.8 trillion cubic feet, down from 2.16% growth in the prior week.