Flash News

TREE NEWS update: Federal authorities and private-sector partners, including CrowdStrike, have disrupted malware that redirected about $150,000 in cryptocurrency over the past eight years. The operation targeted the malware used in crypto thefts, marking a coordinated effort to combat cybercrime in the digital asset space.

TREE NEWS update: EU foreign policy chief Kaja Kallas said on Thursday that Israel’s E1 settlement project would undermine the two-state solution, calling it a ‘wedge’ in the West Bank. Speaking after an informal meeting of EU foreign ministers, she also noted rising settler violence against Palestinians, often going unpunished.

TREE NEWS reports: Broadcom shares reversed course to trade higher in after-hours trading. The move comes as investors digest the latest developments, though specifics were not detailed. The stock’s turnaround suggests renewed buying interest following earlier weakness.

TREE NEWS reports: Nearly half of S&P/ASX 200 companies reported profit surprises, with beats outpacing misses by 1.5 times, Bloomberg data shows. The strong results pushed the benchmark index to a record high in early August before gains narrowed, closing the month up 1.1%. MST Financial’s Hasan Tevfik remains optimistic, expecting earnings to continue beating expectations.

TREE NEWS update: Broadcom CEO Hock Tan said the company expects AI chip revenue to reach approximately $115 billion in 2027 and $230 billion in 2028. By the end of 2027, Broadcom aims to deliver third-generation chips to Meta. Tan also projects earnings per share of $30 in fiscal 2028.

TREE NEWS update: Broadcom’s CEO announced the company is collaborating with OpenAI to develop a third-generation XPU. The partnership aims to advance custom AI accelerator technology for OpenAI’s infrastructure needs. No additional details on timeline or specifications were provided.

TREE NEWS reports: FTSE China A50 index futures rose 0.14% in continuous overnight trading, settling at 14,587 points. The modest gain reflects steady sentiment in Chinese equity markets.

TREE NEWS update: Broadcom CEO Hock Tan said the new Google TPU chip is as good as or better than Nvidia’s Vera Rubin, as the company begins volume shipments of the next-gen TPU 8I to Google this quarter, with increased deliveries expected in Q4. Broadcom also plans to accelerate Ironwood chip shipments to Anthropic and mass-produce Meta’s custom MTIA accelerator in Q4. The company raised its fiscal 2026 AI revenue guidance to $58 billion, up 186% year-over-year.

TREE NEWS reports: US stock index futures ended higher on Wednesday, September 2, with S&P 500 futures up 0.39%, Dow futures up 0.60%, and Nasdaq 100 futures up 0.06%. Russell 2000 futures gained 1.22%.

TREE NEWS reports: The offshore yuan (CNH) strengthened 41 points against the dollar to 6.7180 in New York trading on Wednesday (Sept 2), within an intraday range of 6.7267-6.7161. On daily charts, the yuan has been trading in a tight high range since Aug 20, reaching 6.7128 on Aug 24.

TREE NEWS update: Anthony Armstrong, former CFO of Elon Musk’s xAI, X.AI Corp., and X Corp., has joined Coinbase’s board of directors. He is not related to Coinbase CEO Brian Armstrong. The appointment adds a seasoned finance executive to the crypto exchange’s leadership as it expands beyond trading.

TREE NEWS reports: On Wednesday (Sept. 2), the US memory chip and hardware supply chain index rose 0.76% to 95.85 points, holding firm at high levels for most of the session. The index’s performance reflected steady demand in the sector.

TREE NEWS reports: RBC Capital Markets strategists said the Treasury’s expanded buyback plan still has a ‘positive effect’ on long-dated debt, even though 30-year yields have returned to levels seen before the announcement. In a Wednesday note, they noted long-end yields largely rose with oil prices, while long-end swap spreads have held gains since the plan was unveiled, so the program is ‘not entirely wasted.’

TREE NEWS reports: The Magnificent 7 index of top US tech stocks rose 0.87% to close at 226.71 points on Wednesday, after early gains and narrow high-level trading. The mega-cap tech index also advanced 0.58% to 445.95 points.

TREE NEWS update: Coinbase has launched regulated crypto derivatives for eligible Canadian traders, offering perpetual and dated futures with up to 10x leverage. The move expands the exchange’s presence in Canada as major US trading platforms increasingly enter the market.

TREE NEWS reports: Spot gold rose 1.39% to $4,389.36/oz at New York close Wednesday, approaching $4,400 after a W-shaped session that bottomed around 20:00 Beijing time. Silver gained 1.97% to $65.3440/oz. The Philadelphia Gold and Silver Index jumped 3% to 403.57, and the NYSE Arca Gold Miners Index added 1.91% to 2,794.88. State Street’s metals and mining ETF rose 3.23%.

TREE NEWS reports: MSCI’s emerging markets equity index dropped 1.55%, while its foreign exchange index was roughly unchanged. The decline reflects broad selling in developing-nation stocks amid global market pressures.

TREE NEWS update: JPMorgan has restricted lending to Jane Street due to the trading firm’s bond activities. The move reflects heightened risk management by the bank in its relationships with the market maker.

TREE NEWS reports: Emil Michael, the Pentagon’s top AI official, sold millions of dollars in Perplexity stock this summer. The filings come months after he sold xAI stock in January, which reportedly netted him up to $24 million.

TREE NEWS update: CME Group reported that open interest in its US natural gas futures reached a record 1.807 million contracts on September 1, surpassing the previous high of 1.801 million set in November 2024. The benchmark Henry Hub contract saw the surge, reflecting heightened market activity.