Flash News

TREE NEWS update: North Korea’s Foreign Ministry said in a statement carried by KCNA on May 6 that the recent landmine explosion in the Demilitarized Zone was a ‘farce’ fabricated unilaterally by South Korea. Pyongyang said Seoul’s attempt to shift responsibility onto the North is aimed at damaging its national image and constitutes an intolerable major provocation.

TREE NEWS reports: Veteran investor Jim Paulsen said the combined pressure of $100-a-barrel oil, 5% Treasury yields and a stronger dollar has yet to hit US stocks meaningfully, and that when these three factors previously weighed on the S&P 500 together, the index fell as much as 15% over the following three to five months. If it repeats, the S&P 500 would post its first annual decline since 2022.

TREE NEWS reports: The S&P 500 rose 0.6% to set a new record high, its first since August. The benchmark index’s move above its prior peak marks a fresh all-time closing level for the index.

TREE NEWS reports: US stocks opened higher, with the Nasdaq up 0.6%, the S&P 500 up 0.5% and the Dow up 0.4%. Constellation Energy rose about 12% after reports that Alphabet, Google’s parent company, reached an agreement with the company for 890 megawatts of nuclear power capacity.

TREE NEWS reports: The S&P 500 opened 32.01 points higher, up 0.41% at 7,805.96. The Dow Jones Industrial Average rose 176.20 points, or 0.34%, to 51,444.10, while the Nasdaq Composite gained 163.86 points, or 0.60%, to 27,641.17 at the open.

TREE NEWS reports: JPMorgan Chase CEO Jamie Dimon said there is a risk that inflation proves sticky and interest rates rise. The warning from the head of the largest US bank points to the possibility that price pressures persist and borrowing costs climb further.

TREE NEWS update: US Energy Secretary Chris Wright said diesel prices appear to have peaked several weeks ago. The remark is the latest signal from the Energy Department on the direction of refined fuel costs.

TREE NEWS reports: Prudential Real Estate Research estimates that the absorption period for unsold, pre-sold-certificate new-home space across 30 key Chinese cities is lengthening even as inventory levels fall. The report projects inventory will continue to destock slightly in Q4, with supply and transaction volumes both rebounding quarter on quarter.

TREE NEWS update: The International Energy Agency will finalize the details of the G7’s oil reserve release plan at a meeting on October 14-15, the agency said. The meeting will settle the specifics of the coordinated stockpile drawdown by the Group of Seven nations. No further details on volumes or timing were provided.

TREE NEWS reports: Former New York Governor Andrew Cuomo is calling on Congress to pass durable, bipartisan crypto legislation, warning that US crypto rules could be vulnerable to political change after the midterms. Cuomo argued that without statutory backing, the regulatory framework risks being reversed by the next election. The comments underscore industry concerns that current US crypto policy rests on agency guidance rather than law.

TREE NEWS update: Lithuania’s parliament held a first vote on a constitutional amendment to repeal Article 137, which bars weapons of mass destruction and foreign military bases on Lithuanian territory. The vote supports scrapping the ban, a first step toward allowing nuclear weapons to enter or be deployed in the country.

TREE NEWS reports: Brent crude slid 3.0% during the session to trade at $97.2 a barrel, marking a sharp intraday decline for the global oil benchmark. The move lower in crude prices came as the market repriced near-term supply and demand conditions.

TREE NEWS update: Container volume on the Western Land-Sea Corridor’s rail-sea intermodal trains surpassed 1 million TEU for 2026 as of October 6, China Railway Nanning Group said. The corridor’s capacity to keep freight moving has continued to strengthen, supporting foreign trade in southwestern China and the flow of domestic and international economic circulation.

TREE NEWS update: 7&I Holdings said on October 6 that all 7-Eleven stores in India have closed, with Indian partner Reliance Retail shutting its 31 outlets in Mumbai and Pune on September 30. The Japanese retail group confirmed the exit, which Japanese media attributed to competition from local rivals.

TREE NEWS update: AT&T has agreed to form a US fiber joint venture with Global Infrastructure Partners and CPP Investments, holding 50% with the partners owning the rest. AT&T contributes fiber expertise and distribution; GIP and CPP provide capital under a capital-light structure, with proceeds used to cut net debt to about 2.5x adjusted EBITDA. The venture aims to expand fiber buildout across 16 states and help AT&T cover over 60 million fiber locations by end-2030, with the deal expected to close in the first half of 2027.

TREE NEWS update: France successfully test-fired an M51.3 submarine-launched intercontinental ballistic missile from a strategic nuclear submarine on Wednesday, President Emmanuel Macron said in a social media post. The missile was launched without a nuclear warhead off the coast of Finistère and fell into the North Atlantic. Macron said it was the first test of the M51.3 variant and sent a clear signal of French capability.

TREE NEWS update: Hundreds of French high schools are set to close on Tuesday as major teachers’ unions including Unsa, CFDT and CGT join a student-led protest demanding smaller classes, renovated buildings and reform of university admissions. The movement, which began in the Paris region in September, has spread to hundreds of blockades marked by arson and clashes with police. Interior Minister Laurent Nunez said about 6,000 people have been arrested, and the government has warned the unrest has become “urban violence,” blaming the far left.

TREE NEWS reports: Canada posted a trade surplus of C$4.2 billion in August, far above the C$1.3 billion economists had expected and up from a revised C$770 million in July. The wider surplus marks a sharp improvement in the country’s goods trade balance for the month.

TREE NEWS reports: The US trade deficit widened to $105.6 billion in August, the Commerce Department reported, exceeding expectations of $102 billion and up sharply from a revised $88.6 billion in July. The larger-than-expected shortfall marks a further deterioration in the goods and services balance.

TREE NEWS update: Iran said the Strait of Hormuz will not be opened in response to threats or pressure, in a statement carried on the subject of the key oil chokepoint. The remark signals Tehran’s refusal to yield to external coercion over the waterway. No further details were provided in the statement.