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Wall St Ends Higher; Quantum Computing Stocks Shine; Tesla Gains 2%; Beyond Meat Tumbles 21%
Wall Street advanced on Thursday as investors mulled a mixed batch of corporate earnings and shifting geopolitical concerns. All three major U.S. stock indexes closed higher, with tech strength nudging the Nasdaq into the lead. But the small-cap Russell 2000 was the clear outperformer.Market SnapshoTiger News
Fri, Oct 24
Nextracker Stock Jump as Q2 Earnings Nearly Double Analyst Estimates
Nextracker shares jumped 10.6% in aftermarket trading on Thursday after the solar technology platform provider reported second-quarter fiscal 2026 earnings that nearly doubled analyst expectations and raised its full-year outlook amid robust global demand.The company posted adjusted earnings per sha...Tiger News
Thu, Oct 23
Top Calls on Wall Street: Tesla, Microsoft, IBM, Netflix and More
Here are Thursday’s biggest calls on Wall Street:Citi initiates Toast, Visa, Mastercard, Block and Affirm as buyCiti said it’s bullish on a slew of fintech and payment names.“Initiate with Buy ratings on Visa, Mastercard, Block, Toast, Affirm, Global Payments, and Bill...”JPMorgan upgrades Lending C...Tiger News
Thu, Oct 23
Chinese ADRs And ETFs Rebound. WeRide Up 6%; Fangdd, Xunlei Up 5%; YINN And Meituan Up 4%; CWEB, GDS And Baidu Up 3%; Alibaba, Tencent, JD Up 2%
Chinese ADRs and ETFs Rebound. WeRide up 6%; Fangdd, Xunlei up 5%; YINN and Meituan up 4%; CWEB, GDS and Baidu up 3%; Alibaba, Tencent, JD up 2%.Tiger News
Thu, Oct 23
Pre-Bell｜Wall Street Futures Dip; IONQ And D-Wave Rose 10%; IBM Fell 7%; Tesla Fell 4%
Futures tracking Wall Street's main indexes dipped on Thursday as disappointing quarterly updates from Tesla and IBM weighed on sentiment, while investors treaded cautiously amid simmering U.S.-China trade tensions.Market SnapshotAt 08:27 a.m., Dow E-minis were down 93 points, or 0.2%, Nasdaq 100 E-...Tiger News
Thu, Oct 23
Newborn Town Inc. (09911.HK) Announces Q3 2025 Operating Data: Revenue Expected to Increased by 37% YoY to nearly RMB 5 Bbillion in the First Three Quarters
[Hong Kong – 23 October 2025] Newborn Town Inc. (Newborn Town or the company, stock code: 09911.HK), a leading global social entertainment company, released its unaudited operating data for the first three quarters of 2025. For the nine months ended 30 September 2025, the company's total revenue is estimated to reach approximately RMB 4,910 million to RMB 4,990 million, reflecting a year-on-year increase of approximately 37.6% to 39.9%. Among the total revenue, social networking business contributed approximately RMB 4,380 million to RMB 4,440 million, up approximately 34.5% to 36.4% year-on-year. The innovative business saw a year-on-year growth of about 69.9% to 76.3% to approximately RMB 530 million to RMB 550 million, continuing the overall strong growth momentum. Continuous Breakthroughs in Social Networking Business Driven by AI According to the announcement, the significant year-on-year revenue growth in the first three quarters primarily stems from the company's use of AI technology to drive steady growth in diversified social products. This sustained high growth fully demonstrates the company's ability to capture user needs precisely and the immense growth potential of the AI-empowered social product matrix. In the first three quarters, the company's core products have continuously boosted their competitiveness in the MENA market. Through bolstering product capabilities and operational precision, improving content ecosystems and community ambiance, it has built solid competitive barriers, steadily elevating the competitiveness of their products in this region. According to Sensor Tower, from January to September 2025, SUGO ranked 6th on the revenue leaderboard for social networking apps in the MENA region, while TopTop ranked 9th on the MENA’s Google Play games app revenue leaderboard. In 2025, the social entertainment industry in the MENA region continues to exhibit enormous commercial potential. CLSA research report mentioned that there has been ample room for growth in MENA and believes Newborn Town is among the most competitive players to capture these opportunities and expand its market share. CLSA noted that Newborn Town stands out among peers for its deep user insights, tailored services and diversified monetisation model; it has demonstrated powerful competitive edge in product features innovation, traffic acquisition and content operations capability thanks to its strong local presence.In addition, the application of AI technology in business scenarios has become increasingly in-depth. By deepening AI applications in key areas such as content recommendations and user matching, Newborn Town continues to enhance product experiences and operational efficiency. In September, the company signed a strategic cooperation agreement with Tencent Cloud, with both parties leveraging their respective strengths to jointly explore the vast space of "AI + social entertainment."Strong Growth in Innovative Business with Revenue Exceeding 70%The innovative business has demonstrated strong development momentum in the first three quarters in 2025. The announcement shows that the high growth was mainly attributable to the steady development of traffic monetization and social e-commerce business, as well as the initial revenue contribution from the actively-invested short drama business. In addition, quality games products have also contributed revenue. Since Q4 2024, the company's quality game business has officially entered its payback period. Flagship games represented by Alice's Dream: Merge Games have entered the long-term operation phase, and the new game development has been progressing smoothly, expected to yield greater growth momentum in the future. Meanwhile, the social e-commerce business has maintained steady growth, further consolidating Heer Health's leading position in the health services segment. Additionally, Aippy, the AI-powered creative content community launched earlier, has become part of the key forward-looking plan in the "AI + Social Entertainment" sector. Its iOS version is now available for download. In the first half of the year, Newborn Town established its global headquarters in Hong Kong, marking a new stage in the company's globalisation process. Going forward, the company's global headquarters will collaborate efficiently with its MENA regional headquarters in Riyadh, Saudi Arabia, and the Southeast Asia regional headquarters in Singapore.Together with over five R&D centers and more than 20 operational centers worldwide, this model will inject new momentum into the company's long-term, high-quality global development.About Newborn Town Newborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911. Committed to creating positive emotional value worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO, YoHo, TopTop, SUGO and HeeSay, together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions. Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan, and South Korea. The company aims to become the world's largest social entertainment company. 23/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS NewsEQS
Thu, Oct 23
Oil Stocks Surged. Battalion Oil Up 21%; Houston American Up 15%; US Energy Up 12%; Indonesia Energy Up 7%; United States Oil Up 4%; Occidental And Shell Up 2%
Oil Stocks Surged. Battalion Oil Up 21%; Houston American Up 15%; US Energy Up 12%; Indonesia Energy Up 7%; United States Oil Up 4%; Occidental And Shell Up 2%.Tiger News
Thu, Oct 23
As Tesla Q3 Profits Plunge 31%, Musk Warns: No Mega Pay Package, No Full Commitment
TradingKey - CEO Elon Musk is using the Q3 earnings window to pressure shareholders ahead of a crucial vote on his proposed $1 trillion pay plan, suggesting he needs greater stock control to drive Tesla’s next phase of growth.
TradingKey
Thu, Oct 23
So What If IBM Beat? After-Hours Shares Plunge as Red Hat Slowdown Spooks Investors
TradingKey - On Wednesday, U.S. tech giant IBM released its third-quarter earnings report, surpassing Wall Street expectations on both revenue and earnings per share while raising its full-year free cash flow guidance — a significant positive.
TradingKey
Thu, Oct 23
UK Takes Action, CMA Officially Targets Apple and Google’s “App Dominance”
TradingKey - The UK Competition and Markets Authority (CMA) has formally designated Apple (AAPL.US) and Google’s parent company Alphabet (GOOGL.US) as having “strategic market status” in mobile operating systems, app stores, and web browsers.TradingKey
Thu, Oct 23
From AI to Qubits: Why Trump Is Positioning Quantum Computing as a Strategic Imperative
TradingKey - Following its investment in Intel, the Trump administration is now setting its sights on quantum computing — a field Wall Street has hailed as the greatest revolutionary breakthrough since humanity discovered fire. Given quantum computing’s immense strategic advantages in technology
Crypto Daily | Bitcoin Surpasses $110,000; Tesla Booked $80M Profit on Bitcoin Holdings in Q3
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin (BTC) Surpasses $110,000 with a 1.94% Increase in 24 HoursBitcoin (BTC) crossed the $110,000 benchmark and is now trading at $110,095, with a 1.94% increase...Tiger News
Thu, Oct 23
Pop Mart Stock Slumps 11% on Renewed Growth Concern
POP MART shares plunged on Thursday. This indicates that although the company had a strong performance in the third quarter, there are still new concerns about the long-term sales prospects of this toy manufacturer.The Hong Kong-listed stock dropped nearly 11%, the most since April. This decline rev...Tiger News
Thu, Oct 23
Option Strategy | QUBT's Option Activity Turns Bullish; Call Spreads Offer Defined-Risk Upside Play
Quantum computing stocks rallied in overnight trading on Thursday. U.S. President Donald Trump's administration is in talks with several quantum-computing companies to take equity stakes in exchange for federal funding, the Wall Street Journal reported on Wednesday, citing people familiar with the m...Tiger News
Thu, Oct 23
Tesla's Q3: Record Revenue But Profit Plunge as Musk's AI Vision Meets Cold Financial Reality
TradingKey - After two consecutive quarters of revenue decline, Tesla reported Wednesday that its third-quarter revenue grew 12%. However, profits missed analyst expectations, causing the company's stock to fall over 3% in after-hours trading.TradingKey
Thu, Oct 23
Huiyuan Cowins Technology Partners with Industry Leader EPS to Develop Phase-Change Energy Storage Market and Build Industry Benchmark
Huiyuan Cowins Technology Partners with Industry Leader EPS to Develop Phase-Change Energy Storage Market and Build Industry BenchmarkStrong Alliance to Establish Industry Standard and Sustain Leading Position(23 October 2025, Hong Kong) Huiyuan Cowins Technology Group Limited (“Huiyuan Cowins Technology”, together with its subsidiaries, the “Group”; stock code: 1116.HK) is pleased to announce that on 3 October 2025, it has officially signed a cooperation agreement with Environmental Process Systems Limited (“EPS”), an international leading phase-change energy storage technology supplier. This move marks the official alliance of both parties to enter the energy storage market in China. Leveraging complementary advantages in technology, resources, and markets, both parties will jointly promote the commercialization and industrial standardization of phase-change energy storage technology in China, helping Huiyuan Cowins Technology establish a benchmark position in the industry and continue to lead the energy storage market. Patented Technology Focuses on Multi-Scenario Applications to Capture Energy Storage Market in ChinaAccording to the signed cooperation agreement, Huiyuan Cowins Technology (through its subsidiary, Guangzhou Mayer Corporation Limited) holds 70% of the shares in Mayer Technology, while EPS holds 30% of the shares, injecting key technologies into the cooperation. The patented technologies cover multiple high-potential industries including agriculture, industrial, and commerce, encompassing Chilled Water Air Conditioning Applications, Passive Cooling, Heating Applications, Cold Storage Load Shifting, and Temperature Controlled Logistics. Among these, in the data center sector, it can support waste heat recovery and energy regulation to improve energy utilization rates; in central air conditioning, it enables peak loads to enhance overall system efficiency. In cold chain logistics, it reduces cold capacity losses and extends product freshness, while in agricultural facilities, it ensures stable crop growth through intelligent temperature control. In addition, both parties will strengthen emerging application directions such as mobile thermal storage/cooling vehicles continuously expanding market boundaries and seizing the initiative in industry development.Complementary Strengths of Both Parties to Accelerate Technology LocalizationThe Group possesses a deep industrial foundation in the Chinese market, extensive customer resources, and mature mass production capabilities, particularly with a stable customer base in China's traditional materials processing sector. It has also established strong cooperative relationships with official institutions such as the Ministry of Agriculture and Rural Affairs and data center operators, as well as key industry clients. This strategic cooperation will enable EPS's internationally leading patented technology to quickly enter the Chinese market and achieve localized production and application.PCM Products Kickstart End-User Applications, with Synergy in Industrial Value Chain Driving Long-Term LeadershipAs a core application carrier for phase-change energy storage technology, the phase change energy storage material (“PCM”) ice plates achieve precise temperature control in the -20°C to 25°C range, widely used in professional scenarios such as cold chain logistics temperature control, biopharmaceutical transportation, and food and beverage constant-temperature delivery. The rollout of this modular product not only marks Mayer Technology's strategic layout at the application of the phase-change energy storage industry chain but also accelerates the formation of a full-chain collaborative ecosystem from "R&D technology - material production - end-user application".Product Advantages Stand Out with Key Metrics Leading the MarketRelying on EPS's internationally leading patented technology, the phase change energy storage products and solutions launched by Mayer Technology, the Group's subsidiary demonstrate advantages far surpassing existing market products in key metrics such as cold storage density and temperature control precision. EPS's PCM products feature high energy density and stable phase change temperatures, enabling greater energy storage effects in smaller volumes, with energy storage efficiency improved by over 30% and strong stability. Additionally, the product temperature range is extremely broad, offering customers with corresponding solutions from -100°C deep cold environments to 885°C high-temperature scenarios to meet diverse application needs across the energy storage market. In terms of temperature control precision, the technology can strictly control temperature fluctuations within ±1°C, which is more precise and energy-efficient compared to conventional materials. The materials have been verified through long-term applications, offering long service life, safety, non-toxicity, and compliance with sustainable development requirements. With these advantages, the Group can provide customers with higher-value-added energy storage solutions, reduce long-term operational energy consumption, enhance customer stickiness, and grant the Group stronger bargaining power in new project bids and long-term cooperation, further elevating market pricing power.With the deepening of the Group's localized production capacity layout, leveraging China's complete manufacturing support system and cost advantages, both parties will continue to develop high-value-added application scenarios, drive order fulfilment in more niche markets, and open up diversified revenue sources for the Group.At this stage, market feedback on the phase-change energy storage products and solutions launched by Mayer Technology has been generally positive, with enterprises from multiple different industry sectors expressing clear intentions regarding cooperation. Based on current market trends and business development plans, the Group's management expects that the phase change energy storage business will contribute significant financial increments to the Group in 2026, becoming one of the important business segments supporting the Group's development.Mr. Tai Yiu Kuen, Kevin, the Chief Executive Officer of Huiyuan Cowins Technology Group Limited stated, “The partnership between the Group and EPS achieves deep integration of international cutting-edge technology and Chinese market resources, focusing on the R&D and applications of phase change energy storage technology, building industry standards, and promoting the development of energy storage industry in China. This cooperation represents a major breakthrough for the Group in technological innovation and energy saving and emission reduction, consolidating its industry-leading position and helping it stride toward the ranks of global leaders in phase change energy storage. Leveraging domestic policy and market advantages, Huiyuan Cowins Technology will focus on high-energy-consumption scenarios, leverage local resource channels to enhance competitiveness. In the future, it will accelerate technology upgrades, expand production capacity, and explore global markets, aspiring to become a global leading provider of energy storage technology solutions.”Mr. Zafer Ure, the Founder of Environmental Process Systems Limited, expressed high expectations for this strategic cooperation, stating, “China's energy storage market is in a golden period of rapid growth, and its demand for efficient, low-carbon energy storage technology perfectly aligns with EPS's expertise in the phase-change energy storage. Over the past decades, EPS has focused on the R&D and repeated validation of core patents in phase-change energy storage, from chilled water air conditioning systems to cold chain transportation temperature control. Our technologies have been verified for their efficiency and stability in multi-scenario applications globally. As a company with a deep industrial foundation and mature customer resources in the Chinese market, Huiyuan Cowins Technology is the ideal partner for us to achieve technology localization and implementation.”- END -About Huiyuan Cowins Technology Group Limited Huiyuan Cowins Technology Group Limited (stock code: 1116.HK) has been deeply engaged in the steel pipe and steel sector for over 30 years and is a benchmark brand in China's stainless steel water pipe industry, with full-chain capabilities in “independent R&D – production manufacturing.” Its main businesses cover stainless steel water pipes and fittings, carbon steel plate shearing, pipeline direct drinking water solutions, and extend to the phase change energy storage technology field. Since 2023, the Group has accelerated its expansion into the energy storage business, focusing on the R&D and production of phase-change energy storage materials (PCM), providing customized cold storage and heat storage solutions for customers in various industries. The company was listed on the Main Board of The Stock Exchange of Hong Kong Limited in 2004. For more details, please visit its official company website: https://www.hctechgp.com.23/10/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comView original content: EQS NewsEQS
Thu, Oct 23
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