Flash News

TREE NEWS reports: Universal Music Group is discussing a privatization deal with multiple buyout firms, the company’s latest step toward a potential take-private transaction. No financial terms, named bidders or timeline were disclosed. UMG, the world’s largest music company, has been listed on Euronext Amsterdam since its 2021 spin-off from Vivendi.

TREE NEWS reports: Brazil’s richest banker André Esteves lost about $9 billion on Monday after a surprise left-wing election victory sent local markets tumbling, forcing the stock exchange to briefly halt trading in early trading. Esteves, 58, founder of Banco BTG Pactual SA, saw his fortune shrink by $3.7 billion, or roughly 24% of his current $12 billion. The 10 Brazilians on the index of the world’s 500 richest people lost a combined $14 billion, the largest single-day drop since the ranking began in 2012.

TREE NEWS update: Applied Materials announced it will increase its strategic investment in Dutch semiconductor packaging equipment maker BE Semiconductor Industries (Besi), raising its stake to approximately 20%. The company disclosed the move without giving further financial terms. Besi supplies advanced packaging equipment used in semiconductor manufacturing.

TREE NEWS update: Brazil’s main stock index, the Ibovespa, fell 10% on October 26, triggering the B3 exchange’s circuit breaker for the first time since March 2020 and halting trading in stocks and related assets for 30 minutes. After trading resumed, the index extended its decline, with losses at one point exceeding 17%.

TREE NEWS reports: US sector ETFs closed mostly higher on Monday, October 26, with the semiconductor ETF rising 2.74%. The technology sector ETF, global tech index ETF, industrials ETF, global airlines ETF and consumer discretionary ETF gained at most 1.69%. Among the S&P 500’s 11 sectors, information technology rose 1.5% and industrials and consumer discretionary gained at most 1.4%, while the telecom sector fell 1.42%.

TREE NEWS reports: The Invesco QQQ Trust, tracking the Nasdaq 100, closed up 1.11% on Monday, October 26, while the S&P 500 ETF, U.S. real estate ETF and Russell 2000 ETF gained at most 0.71%. The 20+ Year Treasury ETF and gold ETF rose at most 0.42%. The United States Brent Oil Fund fell 1.3% and the ProShares VIX short-term futures ETF dropped 2.19%.

TREE NEWS update: Broadcom will begin supplying XPU AI accelerator chips through a special purpose vehicle (SPV) starting in 2027. The chips will be leased to Anthropic. The arrangement structures the chip supply via an SPV rather than direct sale.

TREE NEWS update: Bank of America, Blackstone, Citigroup, Morgan Stanley and Broadcom announced a landmark financing agreement valued at $63 billion. The deal brings together three of Wall Street’s largest banks, the private equity giant Blackstone and chipmaker Broadcom in one of the largest financing packages on record. No further terms were disclosed.

TREE NEWS reports: Brazil’s benchmark stock index closed down 13.9% on the day, its worst single-day performance since 2020. The sharp decline marks one of the most severe one-day selloffs for Brazilian equities in recent years.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index rose 0.53% on Monday, Oct. 26, closing at 2,881.65. Among components, Ather Energy Ltd. gained 14.13%, Yadea Group Holdings H-shares added 7.63%, Tesla climbed 5.21% and Hesai rose 4.26%. XPeng’s H-shares bucked the trend, closing down 3.83%.

TREE NEWS reports: Amkor Technology reported third-quarter net sales of $1.99 billion, short of the $2.04 billion analysts expected, while adjusted earnings per share came in at $0.76 versus the $0.51 estimate a year earlier. The chip-packaging company guided fourth-quarter net sales to $1.9 billion-$2.0 billion, below the $2.05 billion consensus.

TREE NEWS update: Whirlpool reported third-quarter net sales of $3.68 billion, missing analysts’ $3.91 billion estimate, and cut its full-year revenue guidance to about $14.5 billion from roughly $15 billion. The new outlook also falls short of the $14.77 billion analysts had expected.

TREE NEWS reports: Cadence Design Systems reported third-quarter revenue of $1.63 billion, ahead of analysts’ $1.61 billion estimate. The company raised its full-year revenue guidance to $6.39 billion-$6.42 billion, up from its prior range of $6.26 billion-$6.34 billion.

TREE NEWS reports: The three major US stock indexes closed higher on Oct. 27, with the Dow up 0.18%, the Nasdaq up 0.91% and the S&P 500 up 0.56%. Among crypto-linked names, Circle (CRCL) fell 6.92% and BitMine (BMNR) dropped 6.14%, while Strategy (MSTR) declined 4.11%. Tesla (TSLA) rose 5.14%, PayPal (PYPL) fell 4.16% and Intel (INTC) gained 4.06%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed up 0.6% in preliminary trading. Among popular Chinese ADRs, Meituan rose 3.7%, ASE Technology gained 3.2%, Baidu added 0.8% and Alibaba climbed 0.6%.

TREE NEWS reports: The Philadelphia Semiconductor Index rose 2.9% and the memory chip index also gained 2.9% as the S&P 500 added 0.7% and the Nasdaq 100 climbed 1.1%. Lumentum led Nasdaq 100 components with an 8% gain, while Arm, Synopsys and Tesla each rose at least 5.1%. Strategy fell 4.3%, DoorDash 5.9% and MercadoLibre 7.9%, with the telecom sector down 1.5%.

TREE NEWS reports: Instacart’s stock extended its advance to 7.9% on the session. The move marks a sharp intraday rally for the grocery-delivery company’s shares, with no further details disclosed in the available material.

TREE NEWS reports: Steel Dynamics shares quickly gave up earlier gains and turned 1.2% lower, while Nucor’s decline widened to 1.2%. The moves followed reports that the US and Canada are working toward an agreement to ease US tariffs on Canadian steel and auto imports.

TREE NEWS reports: DoorDash is in advanced negotiations to acquire Instacart, people familiar with the matter said. The potential deal would combine two of the largest US grocery and delivery platforms. Terms of the transaction, including the price, were not disclosed. The talks were described as advanced but no agreement has been announced.

TREE NEWS reports: Citadel Securities said investment in the artificial-intelligence trade has grown so large that there is almost no room for error if the massive spending fails to generate returns. Nohshad Shah, the firm’s head of fixed-income sales for EMEA, wrote in a research note that the selloff in technology stocks shows investors are becoming more demanding about whether huge AI outlays will ultimately produce sufficient profit.