Flash News

TREE NEWS update: BE Semiconductor Industries (BESI) reported third-quarter orders of €342.6 million ($385.2 million), beating the €298 million Visible Alpha analyst consensus and rising 17% quarter-on-quarter and 96% year-on-year, driven by strong AI data-center demand. The Dutch chip-equipment maker also rejected reports that ASML could challenge it in hybrid bonding, a chip-interconnect technology.

TREE NEWS reports: Elon Musk has invested $1 billion in Skydance, the media company led by David Ellison. The investment was disclosed in a report, with no further details provided on the structure or terms of the deal. Skydance is the production studio behind major film and television titles.

TREE NEWS update: L’Oréal reported third-quarter adjusted like-for-like revenue growth of 7.7%, exceeding analysts’ expectations of 5.43%. The figure, released as part of the company’s quarterly update, indicates the cosmetics group outpaced consensus forecasts for the period.

TREE NEWS update: Micron Technology (MU) said it will introduce a global employee bonus plan tied to quarterly financial results starting in fiscal 2027, after pressure from its Taiwan labor union for workers to share more of the profits from the AI boom. The quarterly bonus pool will be calculated as after-tax profit minus projected capital expenditure for the next quarter, based on fiscal 2026, with half paid in cash after earnings are released and half in stock vesting a year later.

TREE NEWS reports: Gucci’s third-quarter same-store sales fell 6%, steeper than the 3.29% decline analysts had expected. Parent company Kering reported group revenue of €3.35 billion for the quarter, in line with analyst estimates, while Gucci’s own revenue came in at €1.29 billion versus a €1.30 billion consensus.

TREE NEWS reports: Fannie Mae shares extended their gain to 11%, while Freddie Mac rose 14%. The move lifted shares of the two government-sponsored mortgage finance companies, with no further detail immediately available.

TREE NEWS reports: The MSCI Nordic Countries Index fell 1.1% to 391.45 points, its largest single-day decline since July 8, when it closed down 1.6%. The industrial sector posted the steepest drop among the index’s ten sectors. Nokia closed down 9.7%, the worst performer among Nordic stocks.

TREE NEWS reports: Fannie Mae shares reversed earlier losses to trade up 5.6%, the mortgage-finance giant’s stock turning positive after a weaker stretch. No further details on the move were immediately available. The reversal comes as investors weigh the company’s outlook amid broader market swings.

TREE NEWS reports: Italy’s bank index fell 4.02% in preliminary trading, leading a broad European selloff. The FTSE MIB was down 2.47%, France’s index fell 1.56%, Germany’s DAX 30 dropped 1.03% to 25,381.30 points, and the UK index slipped 0.31%. The moves were reported as preliminary closing levels.

TREE NEWS reports: The Eurozone blue-chip STOXX 50 index fell 1.99% to 6,084.11 in preliminary close, while the pan-European STOXX 600 dropped 1.09% to 637.48. The FTSE Eurofirst 300 lost 1.12% to 2,543.73. The preliminary figures cover the European equity close.

TREE NEWS reports: Morgan Stanley, JPMorgan, Bank of America and Citi are moving to restrict third-party AI agents that log into customer accounts using customers’ own credentials. The banks are taking the step after finding rogue AI agents operating inside customer accounts, a discovery described as leaving them “horrified.” The restrictions target AI agents that access accounts through shared login details rather than bank-approved channels.

TREE NEWS reports: US homebuilder stocks rose in early Thursday trading as the 10-year Treasury yield moved lower, with the S&P 1500 Homebuilding index (S15HOME) gaining as much as 4.3%. Dream Finders Homes led with an 8.3% gain, followed by Lennar at 6.6%, Century Communities and KB Home at 6.1% each, and DR Horton at 4.7%. The SPDR S&P Homebuilders ETF rose as much as 2.7%, while office REITs and home-improvement retailers Sherwin-Williams, Lowe’s and Home Depot also advanced.

TREE NEWS reports: The Philadelphia Semiconductor Index dropped 6.06% intraday, with Nvidia down 3.95%, Broadcom 4.25%, Micron 4.39%, Intel 6.50%, AMD 7.64%, Qualcomm 2.35%, TSMC 4.19% and ASML 5.30%. The Nasdaq 100 fell 2.6%, led by Teradyne down 10.9%, Lam Research down 10.3%, Lumentum down 9.7%, ALAB down 9.5%, KLA down 8.9%, Seagate down 8.7% and Marvell down 8.3%.

TREE NEWS reports: Alphabet’s stock fell 2.45% to $326.555 per share on October 22, pushing its total market capitalization below $4 trillion to $3.99 trillion. The decline marks the lowest share price since July 28.

TREE NEWS reports: Alphabet A shares fell 2.45% to $326.555, hitting their lowest intraday level since July 28 and putting the company’s intraday market capitalization at $3.99 trillion. The move marks a fresh intraday low for the stock in the session.

TREE NEWS update: Hua’an Fund will use 100 million yuan of its own capital to subscribe to the Hua’an Balanced Smart Selection actively managed equity ETF, the company’s first active ETF, it said. The firm attributed the purchase to confidence in the long-term healthy and stable development of China’s capital market. The subscription amount and the fund’s status as its first active ETF were disclosed in the announcement.

TREE NEWS update: Orient Securities said its plan to buy 100% of Shanghai Securities via A-share issuance and cash will be reviewed by the Shanghai Stock Exchange’s merger and restructuring review committee at its 20th 2026 meeting on Oct 29, 2026. The company disclosed the schedule in an exchange filing. The transaction would see Orient Securities acquire the entire equity of Shanghai Securities.

TREE NEWS reports: The Nasdaq 100 dropped more than 2%, led by steep declines in semiconductor and tech names. Teradyne fell 9.3%, Lam Research 8.9%, Lumentum 8.5%, while MPWR, KLA and Meta each lost at least 6.3%. Seagate, AMD, Applied Materials, Marvell and Western Digital dropped at least 5.6%, and Nebius Group, Arm, Intel, CoreWeave and SpaceX fell at least 5%. SanDisk, ASML ADR, Amazon, Constellation Energy and Nvidia lost at least 2.8%, while Thomson Reuters gained 5.5%.

TREE NEWS reports: Visa is in talks to acquire crypto infrastructure provider Fireblocks for about $2.5 billion, Axios reported. The reported negotiations follow Mastercard’s completed acquisition of stablecoin infrastructure firm BVNK, a deal priced at up to $1.8 billion.

TREE NEWS update: CATL denied reports on October 22 that its board secretary was attacked during a roadshow at a fund company, with a person familiar with the matter saying the claim is untrue and that the board secretary did not attend the event. The rumor had spread widely online earlier in the day. No further details were provided.