TREE NEWS reports: US benchmark long-term Treasury yields are at or near multi-year highs amid inflation worries and a widening deficit. Traders are buying options to hedge against further yield increases, including a large position betting on a sharp rise in 30-year yields. Dealers, as counterparties, must hedge by selling futures or entering swaps, potentially pushing swap rates higher and amplifying market volatility.
TREE NEWS update: Amazon has appointed Kevin Mandia, CEO of cybersecurity firm Armadin, to its board of directors. Mandia brings extensive expertise in cybersecurity to the tech giant’s leadership. The move underscores Amazon’s focus on strengthening its security posture across its operations.
TREE NEWS reports: JPMorgan initiated coverage of SK Hynix’s American depositary receipts with an Overweight rating and a price target of $245. The bank’s bullish stance reflects expectations for the memory chipmaker’s performance. SK Hynix ADRs trade on the over-the-counter market.
TREE NEWS update: Apple’s foldable iPhone, named Duo, drew cautious optimism from analysts despite a 0.28% dip in shares on Wednesday. Bloomberg Intelligence projects first-year sales of about 14 million units, up from its prior 10-14 million forecast, potentially generating $28 billion at the $1,999 price point. However, analysts flag margin risks for the device.
TREE NEWS reports: North American tech software index ETF slid 0.81%, while cybersecurity ETFs showed mixed moves: Global X Cybersecurity ETF rose 0.07%, Nasdaq Cybersecurity ETF gained 0.5%, and ETFMG Cybersecurity ETF climbed 0.71%.
TREE NEWS reports: On Wednesday, September 9, most US asset-class ETFs declined, with the Russell 2000 ETF falling 1.37% and real estate ETF down 1.03%. The Dow ETF slipped 0.75%, while the gold ETF rose 0.91% and the Brent oil fund gained 2.75%.
TREE NEWS update: Amazon has issued £4.25 billion in bonds across four tranches, with coupon rates ranging from 5.200% to 6.650%. The offering diversifies the company’s funding sources amid a global debt market rally. This marks Amazon’s first sterling bond issuance in several years, attracting strong investor demand.
TREE NEWS update: Canadian pipeline operator Enbridge has agreed to acquire Tallgrass Energy’s crude oil business in a $2.55 billion all-cash deal. The transaction expands Enbridge’s footprint in the U.S. midstream sector, adding crude pipeline and storage assets. The acquisition is subject to regulatory approvals and is expected to close later this year.
TREE NEWS reports: In S&P 500 sector moves, industrials fell 1.51% and consumer discretionary dropped 1.39%, while utilities and real estate lost up to 1.17%. Telecom slipped 0.24% and tech edged down 0.16%. Energy rose 1.09%. Among industrials, Vertiv, FedEx Freight, Axon Enterprise, Old Dominion Freight Line, and Uber led declines.
TREE NEWS reports: In S&P 500 sector movements, industrials fell 1.51%, consumer discretionary fell 1.39%, while utilities and real estate fell up to 1.17%. Communication services fell 0.24%, and technology stocks fell 0.16%. Energy rose 1.09%. Among industrials, Vertiv, FedEx Freight, Axon Enterprise, Old Dominion Freight Line, and Uber led the decline.
TREE NEWS reports: On Wednesday, September 9, the Bloomberg Electric Vehicle Price Return Index advanced 0.39% to 3,416.68 points, with notable gains during the Asia-Pacific midday session.
TREE NEWS reports: Comcast shares closed down 6.6%, while Charter Communications fell 8.1% in U.S. trading. The declines reflect investor concerns over the cable sector amid competitive pressures and market conditions.
TREE NEWS reports: The Nasdaq Golden Dragon China Index provisionally closed down 2%, with major Chinese ADRs falling. Pony.ai dropped 5.6%, Meituan 4.6%, Li Auto 4.2%, and Alibaba 2.6%. ETFs KWEB and CQQQ fell 2.1% and 1.3%, respectively. Notable gainers included ASE Technology (+3.4%) and Shengda Tech (+20%).
TREE NEWS reports: The S&P 500 index preliminarily closed down 0.5%, with industrials, consumer discretionary, utilities, real estate, and consumer staples falling up to 1.5%, while tech dipped 0.1% and energy rose over 1.1%. The Nasdaq 100 preliminarily dropped 0.3%, with Comcast down 6.6%, Shopify down 5.6%, and CoreWeave down 5%, while Meta gained 6.4% and Datadog rose 7.3%.
TREE NEWS reports: On September 9, a record number of US companies issued bonds in Europe, attracted by liquidity and favorable terms as their home market faces a wave of AI-related debt issuance. For highly rated borrowers, euro-denominated debt is cheaper than dollar debt, a key factor for multinationals with euro-area revenue.
TREE NEWS reports: Hang Seng Index main contract night session closed down 0.89% at 24,982 points. Hang Seng Tech Index main contract also fell 1.09% to 4,375 points.
TREE NEWS reports: Apple shares rose over 0.92% to a session high of $319.15 after its fall product launch event concluded, recovering from a nearly 2% intraday drop during the presentation. The stock’s rebound came as investors digested the announcements.
TREE NEWS reports: Apple is positioning the iPhone as the core AI device of this era while developing future products. The $1,999 foldable iPhone Duo is expected to succeed, thanks to its UI, camera, and design. The iPhone 18 Pro focuses on camera upgrades, with new colors aiding sales. New AirPods 5 start at $129, and Apple Watch gets AI via Siri Recaps.
TREE NEWS update: Solana treasury firm SkyAI is facing a board challenge from would-be acquirer Forward Industries and a shareholder group. SkyAI’s proposed equity plan would authorize 5.145 million shares for stock-based compensation, representing roughly 7.2% additional dilution.
TREE NEWS update: Apple’s fall keynote unveiled a redesigned Siri AI powered by Gemini, its first 2-nanometer A20 Pro chip, and a $1,999 foldable iPhone that ships in October. The event marked CEO John Ternus’s debut under new leadership.
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