Flash News

TREE NEWS reports: Nasdaq 100 stock index futures fell 0.3% and S&P 500 futures dropped 0.1% in early Asia-Pacific trading on Thursday. Among tech names, Tesla extended its after-hours decline to 2.8% after the company cut its capital expenditure target. IBM fell 2.5%, Nebius Group NV lost 1.4%, Intel, Broadcom, AMD and SK Hynix ADRs slipped as much as 0.9%, while Western Digital rose 0.3% and Meta gained 2.9%.

TREE NEWS update: Tesla lowered its annual capital expenditure target to $20 billion from a previous goal of more than $25 billion. The company disclosed the revised figure without giving a reason for the reduction or a timeline for the new spending level.

TREE NEWS update: Tesla’s chief financial officer said demand for the company’s Megapack battery storage systems from data centers is “extremely strong.” The remark points to continued appetite for large-scale energy storage as data-center buildouts expand. Tesla did not disclose figures or a timeframe for the demand.

TREE NEWS update: Elon Musk said he will not disclose further information about a potential merger between Tesla and SpaceX. The statement, made without additional detail, leaves open the question of whether the two companies could combine. Neither Tesla nor SpaceX has announced a transaction.

TREE NEWS update: Tesla CEO Elon Musk said on an analyst call that the company aims to produce roughly 5 million vehicles a year by around 2030. Musk also said Tesla’s energy storage demand is strong, with nearly all Megapacks sold out through 2027.

TREE NEWS update: EQT will acquire Qiagen at €46.50 per share in cash, the two companies announced. The all-cash offer values each Qiagen share at the stated price, with no further terms disclosed in the announcement. The deal is subject to the usual closing conditions.

TREE NEWS reports: On Wednesday, October 21, the Nasdaq 100 ETF closed up 1.05%, and the Barclays US Convertible Bond ETF gained 0.97%, leading US asset class ETFs. The Dow ETF and S&P 500 ETF each rose at least 0.53%, while emerging market, gold, Brent oil, Russell 2000, 20+ year Treasury, long-dollar and long-euro ETFs gained at most 0.39%. Long-yen and agricultural funds fell up to 0.18%, the soybean fund dropped 0.37%, and the US real estate ETF fell 0.86%.

TREE NEWS reports: US sector ETFs closed mostly higher on Wednesday, October 21, with the semiconductor ETF rising 1.89%. The global tech stock index ETF and the technology sector ETF each gained at least 1.67%, while the banking ETF slipped 0.09%.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 1.08% on Wednesday, October 21, closing at 2,943.65. Among constituents, Hesai ADR dropped 5.72% and Pony.ai fell 4.55%, while Ola Electric Mobility Ltd. lost 4.18%, the third-largest decline. On the upside, MP Materials rose 1.15%, STMicroelectronics gained 2.46% in Milan, Tesla added 3.41% and Ambarella climbed 4.4%.

TREE NEWS reports: FTSE China A50 index futures closed the overnight session up 0.29% at 13,202 points. The move reflects overnight positioning in the Singapore-listed contract tracking the 50 largest A-share companies.

TREE NEWS reports: US stock index futures ended higher in New York trading on Wednesday, October 21, with Nasdaq 100 futures up 1.17% and S&P 500 futures gaining 0.60%. Dow futures rose 0.73% and Russell 2000 futures added 0.24%.

TREE NEWS update: Meta’s chief financial officer said the company’s one-time Class C stock dividend is effectively equivalent to a 2-for-1 stock split. The remark frames the payout as a structural change to the share base rather than a routine distribution to holders.

TREE NEWS update: Tesla said limited battery supply is holding back production, and the company is working to expand supply scale to raise battery production capacity. The automaker did not specify in the statement which production lines or vehicle models are affected, or how much capacity it expects to add. The disclosure points to battery cell availability as a continuing constraint on Tesla’s output.

TREE NEWS reports: Meta Platforms’ chief financial officer said Facebook Reels watch time reached an all-time high globally and in the US, while Instagram’s global per-user time also hit a record with double-digit year-over-year growth in the third quarter. The figures were disclosed as part of Meta’s quarterly update on user engagement across its apps.

TREE NEWS update: Meta Platforms CEO Mark Zuckerberg said Reality Labs is expected to post operating losses of about $15 billion, with that figure trending downward. The forecast covers Meta’s metaverse and virtual-reality unit and was stated without a specific timeframe.

TREE NEWS update: Meta Platforms CEO Mark Zuckerberg said glasses sales are continuing to grow rapidly and that with Muse the company expects paid subscriptions to increase. He also said Meta will adjust the pace of its virtual reality investments to focus on superintelligence.

TREE NEWS reports: Meta Platforms shares gained more than 6.5% in after-hours trading as the company began its analyst conference call. The move followed the release of its quarterly results, with investors reacting during the call. No further figures were disclosed in the initial update.

TREE NEWS update: Meta’s board approved the creation of a publicly listed non-voting Class C common stock, with charter amendments effective January 19, 2027, the company said. Meta will issue one Class C share for each Class A and B share held as a one-time stock dividend, with record and distribution dates still to be set by the board. After distribution, the Class A share price is expected to reflect a two-for-one split effect. Meta also signed a founder alignment agreement with CEO Mark Zuckerberg covering his sale of the Class C shares, his service and future Class C dividends.

TREE NEWS reports: Tesla reported third-quarter revenue of $28.05 billion, essentially flat year over year, with adjusted earnings per share of $0.48 beating the $0.45 consensus. GAAP net income fell 43% to $787 million and operating income dropped 56% to $718 million, while free cash flow came in at $1.53 billion against expectations of negative $4.921 billion. The company did not sell any bitcoin in the quarter and still holds 11,509 BTC, including $288 million in unrealized gains on the holdings in its GAAP net income.

TREE NEWS update: Meta reported third-quarter revenue of $64.6 billion, up 26% year on year, while operating income fell 37% to $12.99 billion, dragged down by $9.9 billion in legal costs. Net income rose 264% to $9.86 billion, or $3.83 per diluted share, and daily active people averaged 3.64 billion in September, up 3%. Meta guided fourth-quarter revenue to $73–76 billion and narrowed its 2026 capital expenditure outlook to $135–145 billion.