Flash News

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.

TREE NEWS reports: Tyson Foods shares closed down 7.3%, marking their largest single-day decline since May 2025. The drop reflects investor reaction to recent developments, though no specific catalyst was detailed in the report. The stock’s performance underscores ongoing volatility in the consumer staples sector.

TREE NEWS reports: The Schwab Crypto Thematic Index closed up 9.2% on Tuesday, reflecting a broad rally in crypto-related equities. The gain underscores renewed investor interest in digital asset markets.

TREE NEWS reports: The Nasdaq Golden Dragon China Index preliminary closed down 0.8%. Among popular Chinese ADRs, Yum China fell 2.2%, Xiaomi dropped 2%, while NetEase, New Oriental, and Meituan each lost over 1%. Pinduoduo declined 0.7% and Alibaba slipped 0.1%. In contrast, BYD gained 1.1%, Baidu rose 1.3%, WeRide advanced 2%, and Pony.ai climbed 2.4%.

TREE NEWS reports: The S&P 500 provisionally closed up 1%, with consumer discretionary up 1.6% and financials, telecom, tech, and real estate each gaining over 1%, while energy fell 0.6%. The Nasdaq 100 rose 1.1%, led by Strategy up 17.4%, Palantir up 7.6%, and Tesla up 5.5%, with declines in Applovin, Western Digital, ASML, Broadcom, and Kraft Heinz.

TREE NEWS update: Qatar confirmed in an official filing to the International Telecommunication Union that Iran’s defensive strikes against US forces on Qatari territory targeted US military installations, not civilian areas. The sole exception was an attack on a gas facility on March 18, which was serving US military operations against Iran at the time.

TREE NEWS update: President Donald Trump said the US has prevented Iran from acquiring nuclear weapons, claiming success in that effort. He added that US strikes have crippled Iran’s navy, air force and leadership, and that the US controls the Strait of Hormuz. Trump noted Iran’s currency has lost value and the country is in a difficult position.

TREE NEWS update: OpenAI CEO Sam Altman said he believes the company will hold an initial public offering. Speaking on Bloomberg TV, Altman did not provide a timeline for the listing. OpenAI, backed by Microsoft, is one of the most valuable private AI firms.

TREE NEWS update: President Trump said Iran may still have an active nuclear facility at Fordow, after its three original sites were destroyed. He claimed monitoring devices are placed at key areas of all sites, including Fordow, and that movements are fully tracked.

TREE NEWS update: Greece’s prime minister has endorsed SAFE, a rescue mechanism created during the eurozone debt crisis, calling it an important initiative with the right direction. He stressed the need to go further and carefully select partners, reiterating that third-country participation must not compromise EU members’ security and defense interests.

TREE NEWS update: Volkswagen said current European overcapacity exceeds 500,000 vehicles. Four plants—Emden, Zwickau, Hanover, and Neckarsulm—cannot achieve competitive future capacity configurations between 2031 and 2034, and alternative uses are being evaluated. The group will focus on North America’s most profitable business, expand exports to the Global South, and cut its portfolio by about one-third, divesting or restructuring non-core businesses.

TREE NEWS reports: US Treasury yields fell on Thursday, with the 2-year note down 3.5 basis points to 4.3339%, extending a two-day decline. The 10-year yield slipped 1.2 bps to 4.7660%, after hitting a low of 4.73%. The 2s10s curve steepened to +43.003 bps. Real yields also declined across maturities.

TREE NEWS update: Coinbase announced plans to launch single-stock perpetual futures in the US, having filed registration notices this week with the SEC for its derivatives exchange and broker. The exchange will work closely with the SEC and CFTC to bring more major financial products to the US market.

TREE NEWS reports: The average price of diesel in the US reached a record $5.820 per gallon. This marks an all-time high, reflecting continued upward pressure on fuel costs. The previous record was set in June 2022.

TREE NEWS update: OpenAI CEO Sam Altman said the release of the Astra model took longer than originally anticipated. He also remarked that the industry has done a poor job communicating the benefits of AI, and stressed that model monitorability is not the only important factor. Altman made these comments in a Bloomberg Television interview.

TREE NEWS update: SpaceX apologized for the recent Grok service disruption, attributing the failure to an outage at its Memphis computing center. The company issued the apology in a statement, confirming the root cause of the technical issues that affected users.

TREE NEWS update: Mantle has added Paxos-issued USDG as a natively minted stablecoin, integrating it into its ecosystem. The move also sees Mantle join the Global Dollar Network, a network that shares rewards from USDG’s reserves with participating platforms. This integration aims to expand stablecoin utility within Mantle’s DeFi applications.

TREE NEWS reports: ICE raw sugar futures fell 3.80% and white sugar dropped 2.66% at Thursday’s New York close. Arabica coffee fell 1.42%, robusta coffee 1.15%, and New York cocoa 2.12% to $6,140/tonne. ICE cotton declined 2.79%, while Chicago canola rose 0.48%.