Flash News

TREE NEWS update: The U.S. Securities and Exchange Commission today proposed rescinding its “pay-to-play” rule that bars investment advisers from providing compensated services to government clients for two years after certain political contributions. The proposal, if adopted, would remove restrictions aimed at curbing conflicts of interest in public pension fund management. Public comment will be sought.

TREE NEWS reports: On Thursday, September 3, US sector ETFs mostly advanced, with the network stock index ETF up 2.1% and financials ETF gaining 1.56%. Consumer discretionary, technology, banking, global tech, and industrial ETFs each rose at least 1.03%, while semiconductor ETF lagged with a 0.39% gain. Energy ETF fell 0.74%.

TREE NEWS update: The US Department of Justice issued a legal opinion on the 2nd, requiring states receiving federal benefits funding to expand reporting of illegal immigrant information to Homeland Security or face funding cuts. This move pressures states to cooperate with federal immigration enforcement, as previously only state agencies administering benefits programs had reporting duties. President Trump’s tightened immigration policies since January 2025 have intensified partisan conflict.

TREE NEWS update: OpenAI has launched Daybreak, a tool designed for frontline defense personnel. The company will invest $1 billion to provide subsidized access to Daybreak, along with training, technical support, and collaboration.

TREE NEWS reports: The Magnificent 7 index gained 2% to close at 231.12 points on Thursday, September 3, after opening higher and trading in a narrow range at elevated levels. The mega-cap tech index rose 1.74% to 453.69 points. Tesla led gains, closing up 5.42%.

TREE NEWS update: Iraq sold 73 million barrels of oil in August, the highest monthly export level since the 2003 US-led invasion, head of state marketer SOMO. Revenue from the OPEC member’s sales reached about $4.5 billion. Southern terminals exported roughly 70 million barrels. Basra Medium crude was priced at a $25 per barrel discount, Basra Heavy at $29, versus a $14 discount in July.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index gained 0.84% on Thursday, closing at 3414.70 points. Among constituents, Hesai Technology surged over 11%, Aurora Innovation rose 8%, and Tesla advanced 5.42%, ranking third.

TREE NEWS update: Tencent Music Entertainment has completed the pricing of its $1 billion notes offering. The company announced the move, which marks a significant debt raise in the current market. Proceeds are expected to be used for general corporate purposes, as per the statement.

TREE NEWS update: Canadian Prime Minister Mark Carney said two weeks ago Canada made the right decision to suspend trade negotiations with the United States, stating ‘we cannot accept the conditions offered by the US nor meet its demands.’ He added that the US imposed new tariffs with the aim of harming Canadian interests and creating divisions.

TREE NEWS update: Bank of America has intensified its focus on AI-related companies that may need financing, M&A advice and other products, assigning Gregg Nabhan, Jill Schwartz and Ray Wood to collaborate across industry groups. The move aims to deepen relationships with clients in the “AI ecosystem,” spanning hundreds of firms in the AI infrastructure supply chain and value chain.

TREE NEWS update: Senator Bernie Sanders will introduce a bill to pause advanced AI development and create a federal regulator, with violators facing up to 20 years in prison. The forthcoming legislation targets frontier AI models, marking a significant regulatory push in the AI sector.

TREE NEWS reports: On September 3, US Central Command said its naval blockade of Iran in regional waters has diverted 87 merchant ships, disabled 3, and boarded 2 for inspection as of that day. The operations continue, with no further details provided.

TREE NEWS update: DocuSign reported fiscal Q2 revenue of $875.7 million, beating the analyst estimate of $867.2 million. Adjusted EPS came in at $1.16, above the expected $1.09. The company raised its full-year revenue guidance to $3.50-$3.51 billion, from a prior range of $3.49-$3.50 billion. Shares rose 12% in after-hours trading.

TREE NEWS update: Samsara reported fiscal second-quarter revenue of $508.4 million, surpassing analyst expectations of $398.1 million. The company’s strong performance reflects robust demand for its connected operations cloud platform. Shares reacted positively in after-hours trading.

TREE NEWS update: Flex announced it will acquire Epc Power at a valuation of $4.4 billion. The deal underscores Flex’s expansion in power management technology. Financial terms beyond the valuation were not disclosed.

TREE NEWS update: Zscaler reported fiscal Q4 revenue of $898.2 million, beating analyst estimates of $877.2 million. Adjusted EPS came in at $1.19, above the expected $1.09. The company guided fiscal 2027 revenue to $3.91-3.94 billion, in line with the $3.91 billion consensus.

TREE NEWS update: Lululemon reported Q2 net revenue of $2.42 billion, missing the analyst estimate of $2.46 billion. Comparable sales fell 9% on a constant-dollar basis, worse than the expected 4.28% decline. The company cut its full-year forecast, now expecting net revenue of $10.35-$10.50 billion and EPS of $9.48-$9.73, down from prior guidance. Shares dropped 18% in after-hours trading.

TREE NEWS update: Elon Musk addressed the Grok outage that occurred on September 3, stating that corrective actions are being taken to ensure similar issues do not happen again. The remarks were made in response to the incident, which affected the AI assistant’s availability.

TREE NEWS update: Oura, a smart ring maker, has filed for a US initial public offering, aiming to list its shares on the Nasdaq under the ticker symbol OURA. The company did not disclose terms of the offering in its filing.

TREE NEWS reports: Ciena (CIEN) shares closed down 10% on [date], marking the steepest single-day decline since June 4. The drop follows [reason if stated, but not provided]. Investors reacted to [market conditions or news, but not specified]. The stock’s decline highlights ongoing volatility in the networking sector.