Market Signal Briefing

Oil prices were lower in early Asian trade amid concerns of more supply hitting the market.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ZURVY, ZFSVF, ZUR:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

However, mixed signals from other Fed officials and upcoming inflation data could cap gold’s upside in the near term. The market will receive PPI and retail sales data this week, both of which may influence gold prices. If PPI or retail sales come in stronger than expected, concerns about inflation may resurface. This would likely boost the U.S. dollar and put pressure on gold.

Gold Technical Analysis
XAUUSD Daily Chart – Symmetrical Triangle
The daily chart for spot gold shows that the price is consolidating within a symmetrical triangle pattern. Although the price dropped on Friday, it rebounded from strong support at the lower boundary of the triangle and turned higher.

Seasonal consolidation during November and December may keep the price range-bound. A breakout is likely to develop in the coming days, either above $4,250 or below $3,900. A break above $4,250 would confirm the continuation of the uptrend. On the other hand, a drop below $3,900 would signal further downside before the next bullish leg begins.

The plant-based meat stock has fallen way behind.

Briefly a Wall Street darling after its IPO, Beyond Meat (BYND 2.00%) has been struggling for years. The stock has greatly underperformed the S&P 500 (^GSPC +0.98%), dealing out major losses for investors who stuck with it. Here's how Beyond Meat has performed over the past five years, and what investors should do next.

Image source: Beyond Meat.

Outclassed by the S&P 500
Shares of Beyond Meat initially surged following its IPO in 2019, but the past five years have been an unmitigated disaster for the stock. Beyond Meat has lost more than 99% of its value over the past five years, compared to an 84% gain for the S&P 500 index during the same period. The S&P 500 outperformed Beyond Meat by a whopping 183 percentage points.

Zooming in to more recent time periods doesn't change the picture. Over the past three years, Beyond Meat stock has crashed 93% while the S&P 500 has logged a 65% gain, resulting in 158 percentage points of outperformance for the index. In the past year, Beyond Meat stock is down 83% and the S&P 500 is up about 11%. That translates to 94 percentage points of outperformance .

What went wrong for Beyond Meat? For starters, demand for plant-based meat alternatives in the U.S. faltered in the post-pandemic period. According to data from SPINS, U.S. retail sales of refrigerated plant-based burgers tumbled 26% year over year in the 52-week period ended April 20. Retailers have been reducing their assortments, carrying fewer products, as consumers have turned away from the category.

The other problem is a lack of differentiation. Beyond Meat's products aren't much different than the smorgasbord of competing brands available. In a booming market for plant-based meat alternatives, a rising tide lifted all boats. In the current environment, it has become clear that Beyond Meat has no pricing power.

Beyond Meat reported a 13.3% revenue decline in the third quarter, along with an anemic gross margin of 10.3% and a substantial $110.7 million net loss on sales of just $70.2 million. Unit volumes were down, and so was average pricing as the company struggled to move merchandise. Beyond Meat's guidance left a lot to be desired, calling for revenue between $60 million and $65 million in the fourth quarter.

Today's Change

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-0.02

Current Price

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0.86

What should long-term investors do?
Patience is the key to successful long-term investing. A stock can be battered in the short term only to deliver incredible returns in the long term. However, it's important to recognize when patience is no longer warranted. Patiently waiting on a sinking ship is a recipe for subpar returns.

In the short term, anything can happen. In October, shares of Beyond Meat plunged after the company exploded its share count via a convertible debt exchange. It then rocketed higher for no apparent reason, seemingly caught up in the latest "meme stock" rally. Reality soon set in, and the stock plunged anew.

Zooming out, Beyond Meat is in serious trouble, and it doesn't have a coherent turnaround strategy. The time for patience is over.

A BHP Group logo is displayed on their building in Adelaide, Australia, September 18, 2025. REUTERS/Hollie Adams/File Photo Purchase Licensing Rights, opens new tab

CompaniesNov 24 (Reuters) - BHP Group

(BHP.AX), opens new tab said on Monday it is no longer pursuing a potential combination with Anglo American

(AAL.L), opens new tab after preliminary discussions with Anglo's board.

The company said it still believes a tie-up would have offered "strong strategic merits" and created value for stakeholders, but added that it remains confident in the strength of its own organic growth strategy.

Sign up here.

The group attempted a $49 billion takeover of Anglo last year, but the target rejected multiple approaches and BHP eventually withdrew.

"There's probably a handful of times when assets like this are up for sale, so BHP may as well assess if the option is open. But it does look a little messy from the BHP side," said Kaan Peker, analyst with RBC in Sydney.

Reuters reported on Sunday that BHP had revived its takeover approach for Anglo American, just months after the London-listed miner outlined plans to merge with Canada’s Teck Resources

(TECKb.TO), opens new tab to form a global copper-focused giant.

BHP’s apparent reversal comes less than three weeks before Anglo and Teck shareholders are due to vote on the more-than-$60-billion tie-up.

Reporting by Roshan Thomas in Bengaluru and Melanie Burton in Melbourne; Editing by Edmund Klamann and Diane Craft

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Kohl’s Corp. is expected to appoint Michael Bender as its permanent chief executive as early as Monday, Bloomberg News reported on Sunday, citing a person familiar with the matter.

The board interviewed several candidates before opting to appoint Bender, according to the report.

Reuters could not immediately verify the report. Kohl’s did not immediately respond to a Reuters request for comment. Michael Bender could not be immediately reached for a comment on the role change.

Michael Bender has been interim CEO of Kohl’s since May. Khols
In May, the struggling department-store retailer fired former CEO Ashley Buchanan after an investigation uncovered his undisclosed personal relationship with a vendor whose deals he had aggressively pursued, barely 100 days into the role.

Buchanan’s firing in May was the third CEO change in three years for Kohl’s, hit by falling sales from online and big-box rivals, plus its own missteps.

Kohl’s has had three CEO changes in three years. Khols/Instagram
Kohl’s named Bender as its interim CEO effective immediately following the ouster of Buchanan, and said that the search for a permanent chief executive would begin soon.

Bender has served on Kohl’s board as a director since July 2019 and brings more than 30 years of senior leadership experience at major retailers, including Walmart, Victoria’s Secret and Eyemart Express.

NEW YORK, Nov. 23, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DexCom, Inc. (NASDAQ: DXCM) between July 26, 2024 and September 17, 2025, both dates inclusive (the “Class Period”) of the important December 29, 2025 lead plaintiff deadline.

SO WHAT: If you purchased DexCom securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) DexCom had made material design changes to the G6 and G7 continuous glucose monitoring (“CGM”) systems that were unauthorized by the U.S. Food and Drug Administration (the “FDA”); (2) the foregoing design changes rendered the G6 and G7 less reliable than their prior iterations, presenting a material health risk to users relying on those devices for accurate glucose readings; (3) accordingly, defendants’ purported enhancements to the G7, as well as the device’s reliability, accuracy, and functionality, were overstated; (4) Defendants downplayed the true scope and severity of the issues and health risks posed by adulterated G7 devices; (5) all the foregoing subjected DexCom to an increased risk of heightened regulatory scrutiny and enforcement action, as well as significant legal, reputational, and financial harm; and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

The new artificial intelligence (AI) algorithm has completely changed the trajectory of this business.

One of the top video game platforms in the world is Roblox (RBLX 2.67%). And for investors unfamiliar with the company, it's important to read this information before making an investment.

But first, a brief introduction: Roblox is a platform that contains millions of games and experiences. The platform was historically used by U.S. children. But in recent years, the base has expanded. In the third quarter of 2025, only 17% of Roblox's daily active users were based in the U.S. and Canada, and only 33% were under 13 years old.

Here are some things to know before investing in Roblox stock.

Image source: Getty Images.

The AI boost this business needed
With millions of things to choose from on its platform, how are Roblox's users supposed to find anything? To be sure, it's been a problem. But the company solved it with artificial intelligence (AI), and it's an instance where AI lives up to the hype.

The AI search algorithm better matches users to games and experiences. And the results have been head-turning. In Q3, Roblox had seven experiences with 10 million or more daily active users. Of these seven, five were created in the past year.

In other words, over 70% of the company's top seven experiences are brand new, but users were able to find them fast all the same, thanks to the AI recommendations.

Today's Change

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89.25

This means Roblox's engagement is skyrocketing since its latest AI upgrades. In Q3, its user base grew 70% year over year to 151 million daily active users. And the platform hit nearly 40 billion hours of time spent by its users, up 91%.

Roblox's management says that it believes its platform can support 1 billion users, implying a nearly seven times larger business than it is today. And at this rate of growth, this is quickly looking more and more attainable.

What to watch now
As of this writing, Roblox's stock price has dropped 35% from recent highs, and there's some justification for this. The price-to-sales (P/S) valuation for Roblox stock had more than doubled in 2025, spiking above 20. It makes sense that it came back down some.

Data by YCharts.

That said, Roblox's current P/S ratio of 14 is expensive, but not outrageous for a business growing at this speed. If the company can truly reach its potential for 1 billion users in the coming years, its current valuation will look attractive in hindsight.

As Roblox grows, it's important for the business to scale profitably and without diluting shareholders. Right now, the company still pays its employees with a liberal amount of stock-based compensation, which leads to net losses and dilutes shareholders.

If Roblox's management can get this under control as it continues to grow, this stock could be one of the stronger performers on the market.

BHP Group said it will not pursue a takeover of Anglo American following new talks, as its U.K. rival advances plans to merge with Teck Resources.

This weekly habit could generate hundreds of thousands of dollars for you in the future.

Investing small amounts of money wasn't always practical in the past. Commission fees were a big deterrent, and they would incentivize investors to put a lot of money in at once to minimize their impact. Now with commission-free trading options, however, it's easier than ever for investors to make much smaller investments without worrying about fees. This can be ideal if you're able to cut out some weekly expenditures from your budget and instead put that money into the stock market.

While it can seem like it may be a painstaking process to invest at a rate of $50 per week, that's the equivalent of putting aside $200 per month, or around $2,600 over the course of a full year. In smaller pieces, it can be more manageable and easier to do. And if you keep with the habit, the payoff can be significant, and you might be surprised just how big that balance could end up becoming over the long haul.

Image source: Getty Images.

Investing in an S&P 500 index is a good and safe option
The world's most astute investors often advise people to invest in index funds that track the S&P 500. The S&P 500 is a collection of the leading stocks, and its performance usually indicates the overall health of the stock market. Tracking the index is a great way for novice investors to invest in stocks.

A popular, low-cost option for investors is the SPDR S&P 500 ETF (SPY +0.91%). It has a low expense ratio of 0.095% which means that fees won't make much of a dent in your overall returns. On a $10,000 investment, you'd be incurring annual fees of around just $9.50. There aren't many things these days that cost you less than $10 per year. Over time, as your balance grows, so too will your fees; however, it's a worthwhile trade-off, as it means your portfolio is heading in the right direction.

For decades, investing in the S&P 500 has been a great move for investors, as the index has averaged an annual return of around 10%. That means that approximately every seven years, you would expect to see your investment double in value.

Today's Change

(

0.91

%) $

5.93

Current Price

$

658.46

How much could a $50-per-week investment grow in the long run?
Let's suppose you invest $50 per week into the SPDR ETF. And you keep that habit up for years. Assuming you achieve an annual return of 10%, here's what your balance might look like in the future.

Year10% Growth5$16,87910$44,69315$90,53020$166,06625$290,54330$495,67335$833,71340$1,390,779
Table and calculations by author.

Time is the biggest factor, as the more years you have left to invest, the greater your gains will be in the long run. The key takeaway from this is that there's a significant incentive to start as early as possible, because once the balance reaches six figures, the dollar amount of those gains becomes much more substantial.

Investing early and often can be a safe way to grow your portfolio
Making modest investments into the stock market of $50 per week can be more manageable and practical than trying to save thousands of dollars first. Routinely investing in an S&P 500 index fund, such as SPY, can effectively put your investing strategy on autopilot, eliminating the need to worry about individual stocks.

As long as you have faith in the economy's long-term growth, putting money into an S&P 500 index fund is one of the safest ways you can invest for the long haul. Simply getting into the habit of investing on a regular basis can be a great decision, as it allows you to significantly build up your portfolio's balance over time.

November 23, 2025 7:00 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 23, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DexCom, Inc. (NASDAQ: DXCM) between July 26, 2024 and September 17, 2025, both dates inclusive (the "Class Period") of the important December 29, 2025 lead plaintiff deadline.

SO WHAT: If you purchased DexCom securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) DexCom had made material design changes to the G6 and G7 continuous glucose monitoring ("CGM") systems that were unauthorized by the U.S. Food and Drug Administration (the "FDA"); (2) the foregoing design changes rendered the G6 and G7 less reliable than their prior iterations, presenting a material health risk to users relying on those devices for accurate glucose readings; (3) accordingly, defendants' purported enhancements to the G7, as well as the device's reliability, accuracy, and functionality, were overstated; (4) Defendants downplayed the true scope and severity of the issues and health risks posed by adulterated G7 devices; (5) all the foregoing subjected DexCom to an increased risk of heightened regulatory scrutiny and enforcement action, as well as significant legal, reputational, and financial harm; and (6) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275657

November 23, 2025 7:02 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 23, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the "Class Period"), of the important January 12, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Freeport-McMoRan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport's workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275658

After a volatile week of trading, Quantum Computing stock is now down 38% this year.

Quantum Computing (QUBT 0.68%) stock pulled back over the last week of trading. The company's share price declined 3.8% in a stretch that saw the S&P 500's level decline 2% and the Nasdaq Composite's level fall 2.7%.

The stock had been down double digits compared to its level at the previous week's market close, but it saw a big rebound later in Friday's session. On the heels of recent volatility, Quantum Computing stock is now down approximately 38% across this year's trading.

Image source: Getty Images.

Quantum Computing stock sees another week of big swings
Quantum Computing stock was highly volatile over the last week of trading. The company's share price initially moved lower as the market became increasingly pessimistic about the probability that the Federal Reserve will cut interest rates at its December meeting.

The company's valuation also saw big swings as investors initially bought back into artificial intelligence (AI) stocks and other speculative growth plays following Nvidia's Q3 report -- only to adopt bearish reversal trading as concerns about an AI valuation bubble and interest rate policy drove sell-offs. Shareholders got some big relief in Friday's session as investors became more bullish on the prospect of a rate cut next month, but the quantum-computing specialist's share price still ended the week in the red.

Today's Change

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Current Price

$

10.20

What's next for Quantum Computing?
Quantum Computing stock rebounded after sell-offs in Friday morning's trading thanks to investors betting it had become more likely that the Federal Reserve will cut interest rates when it meets in December. As of CME Group's most recent polling, analysts surveyed now see the likelihood of a December rate cut at roughly 69% -- up from an estimated average probability of 44% at the prior week's reading. While the Fed's next move on rates looks like the most important near-term catalyst for the stock, the company's progression with its quantum-computing technology stack continues to be the most important catalyst for long-term shareholders.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

Australia's Qube Holdings announced on Monday that Macquarie Asset Management had submitted a non-binding proposal to acquire the logistics company at an enterprise value of 11.6 billion Australian dollars ($7.49 billion).

Macquarie has offered to acquire Qube for AU$5.2 in cash per share, representing a nearly 28% premium to Qube's closing level of AU$4.07 on Friday.

Qube shares jumped nearly 20% to AU$4.87 in early trading on Monday.

The takeover bid followed a period of negotiations after a lower unsolicited offer from Macquarie asset management earlier, Qube said in its filing, without specifying the exact value of the previous offer.

The enterprise value represents about 14.4 times Qube's EBITDA for financial year 2025, according to the filing. Enterprise value typically measures a company's total value, including its market capitalization and the cost to pay off its debt, minus cash.

Qube's operations mostly involve container leasing, car and grain cargo terminals and road and rail transport services.

The deal is subject to a "satisfactory completion" of due diligence on Qube and its operations, final approval from both companies' boards and regulatory approvals.

"The Proposal from Macquarie Asset Management is a reflection of the strength of Qube's business model and our assets, and the quality of our people and culture. We look forward to continuing to engage constructively in the best interests of our shareholders," Qube Chairman John Bevan said in the filing.

LOS ANGELES, Nov. 23, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Global Co-CEO of FF.

In a recent debate over Ethereum's technological future, Offchain Labs has challenged Vitalik Buterin's proposal to adopt RISC-V architecture, advocating instead for WebAssembly (WASM) as the more viable option for Ethereum Layer 1. This disagreement highlights the divergent paths that Ethereum's development could take and underscores the broader implications for blockchain technology.

This budding narrative needs some cold water thrown on it.

With Bitcoin (BTC +2.27%) showing significant weakness relative to the stock market and commodities, business news outlets are starting to mention the "Great Bitcoin Crash of 2025" as if the floor had fallen out from under the market. In reality, the coin is down just 6% for the year so far, even after falling by 24% over the last three months.

The tension here is the gap between sentiment and facts. There's a growing sense that something is wrong with the cryptocurrency itself, or at least the market in which it resides. So, are we watching a genuine collapse, or is this a routine Bitcoin correction that looks dramatic only because everyone had assumed it'd never go down again?

Image source: Getty Images.

This barely even counts as a crash
First, let's establish some basic facts about Bitcoin's performance by looking at this chart:

Bitcoin Price data by YCharts

As you can see, this year has indeed been weak for Bitcoin, and investors who prioritized allocating their capital to it over safer alternatives, such as gold or index funds, missed out on significant growth as a result of that decision. Holders, staring at a 24% three-month drawdown and persistent relative underperformance, feel a bit foolish -- including yours truly. And it's that emotional gap which makes the "crash" narrative so salient right now.

But let's zoom out and look at a second chart:

Bitcoin Price data by YCharts

Here, the picture is clearer. Bitcoin is a volatile asset, and its downturns are steep, but its uptrends tend to reward those who buy the dip.

Historically, Bitcoin's bear markets have involved much deeper damage than anything we are seeing today. Peak-to-trough declines are commonly in the ballpark of 80%, as seen in 2011, 2015, and 2018, with the most recent 2022 bear market bottoming out after a drawdown of approximately 77%.

In that light, a fairly slow 24% decline from recent highs appears more like a typical correction than a once-in-a-decade catastrophe worthy of being called a crash, even though the decline coincided with the Oct. 10 crypto flash crash, which was quite destructive to the sector. Regardless, swings of 20% to 30% inside otherwise healthy bull markets have been common in Bitcoin's history.

The fear is understandable
But why does this recent episode in particular feel so ominous anyway? The flash crash essentially had nothing to do with Bitcoin -- the blame for that lies in the widespread excessive use of leverage to trade altcoin derivatives, such as perpetual futures contracts.

In short, the macro backdrop is very uncertain, with some aspects of it starting to look outright hostile.

Today's Change

(

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Current Price

$

86851.00

The Trump administration's chaotic trade policies are weighing on economic growth expectations, keeping investors skittish, and increasing the likelihood of a policy mistake that could tip the U.S. into recession. Higher-than-desired inflation squeezes disposable income and makes investors less willing to own volatile assets. A government shutdown may have also led to some market distortions. The government's delay in releasing critical economic data is only exacerbating the uncertainty.

In other words, the short-term bear case for Bitcoin is real. If the macro picture worsens and outflows from Bitcoin exchange-traded funds (ETFs) accelerate, Bitcoin could easily fall much further, especially if investors start to panic. Calling this move a "crash," however, ignores just how extreme an actual Bitcoin collapse looks historically; if it were actually crashing, there wouldn't be a debate.

The thesis still looks strong
The next step is to ask whether anything has fundamentally broken in Bitcoin's investment thesis. The answer to that question is no, and it isn't likely to change because Bitcoin isn't likely to change either.

It still has a fixed supply, and the halving will still make future production of the supply harder. On the demand side, structural adoption is still moving in the right direction. The ETFs, though currently reporting outflows, still make it easier than ever for investors to get exposure to the asset. And digital asset treasury (DAT) companies are still accumulating it with the intention to hold it forever.

There is, of course, still a real chance that, from the last peak, the next major bear phase could involve a 60% to 70% decline if global liquidity tightens sharply or if other macroeconomic factors deteriorate further. However, for investors willing to hold through a few stormy quarters in exchange for the possibility of outsized long-term gains, steadily buying Bitcoin on its current weakness still makes sense, and it's what I'll be doing.

Satoshi’s 1.1 million BTC drops over $40 billion as Bitcoin falls more than 30%.Dormant Patoshi coins spark debate over wealth, ownership, and quantum-era risks.Analysts say a future BTC surge could still make Satoshi the richest person alive.Satoshi Nakamoto’s legendary Bitcoin fortune has dropped by an estimated $41 billion, as BTC’s price slid more than 30% from its all-time high.

The pseudonymous creator’s 1.1 million Bitcoin, tracked using the Patoshi mining pattern, fell from $138 billion in October to about $96 billion as of this writing. This sharp decline moved Satoshi from 11th to around 20th among the world’s wealthiest people, now just below Bill Gates.

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BTC Price Crashed, But What Happened to Satoshi’s Bitcoin StashArkham Intelligence, a blockchain analytics firm, estimates Satoshi’s Bitcoin using mining analysis and on-chain forensics.

The “Patoshi Pattern,” discovered by Sergio Lerner, identifies more than 22,000 early addresses likely controlled by one entity, widely believed to be Satoshi Nakamoto. These coins, untouched for over a decade, continue to fuel intense speculation.

As of October 6, 2025, when the pioneer crypto established an all-time high of $126,296, Satoshi’s Bitcoin stash was valued at $138.92 billion. However , Bitcoin’s price has since dropped by over 30% to trade for $87,390 as of this writing.

Bitcoin (BTC) Price Performance. Source: TradingViewWith this drop, Satoshi’s Bitcoin stash has shrunk to $96.129 billion, meaning $42.79 billion of this fortune disappeared in weeks.

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If Forbes listed Satoshi among the list of the world’s richest people, the Bitcoin founder would rank just below Bill Gates and right above Françoise Bettencourt Meyers & family at position 20.

Satoshi’s Place Among Richest People in the World. Source: ForbesDespite the vast scale of Satoshi’s holdings, Forbes and other wealth trackers do not count the Bitcoin founder in their official billionaire lists. The reasons include Satoshi’s unverified legal status and the fact that the assets have remained dormant, leaving ownership questions unresolved.

“Forbes does not include Satoshi Nakamoto on our Billionaire rankings because we have not been able to verify whether he or she is a living person, or one person vs. a collective group of people,” the magazine told BeInCrypto.

Ironically, Satoshi’s coins remain among the most visible fortunes due to the blockchain’s transparency.

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Satoshi’s Bitcoin Holdings. Source: ArkhamSome experts suggest Forbes and others should consider including pseudonymous crypto wallets in their lists, even though ownership is anonymous.

Nonetheless, the long-term dormancy has also led to speculation that the fortune could be lost, inaccessible, or deliberately abandoned, an unusual scenario among billionaires.

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Quantum Threats and Satoshi’s SecretElsewhere, the rise of quantum computing has renewed debate about Satoshi’s future and potential identity. Because quantum computers might one day break early Bitcoin cryptography, some experts propose freezing Satoshi’s coins or forking the network before a possible “Q-Day.” If these risks emerge, the controller of these coins may need to surface.

Important not to scaremonger here about quantum timelines.

Running Shor's algorithm is not the same thing as breaking an actual 256-bit ECC key. You can use Shor's algorithm to factor a number—that will be impressive—but will take a huge degree of scaling and engineering to… https://t.co/juppHGU8wC pic.twitter.com/k38lZvMBLl

— Haseeb ＞|＜ (@hosseeb) November 18, 2025
Nakamoto’s enigma will reach a global audience in 2026 with “Killing Satoshi,” a film exploring the mystery and geopolitical implications of dormant Bitcoin wealth.

Until these coins are moved or declared lost, Satoshi’s fortune remains a symbol of Bitcoin’s origins and its greatest secret.

If Bitcoin surges to $320,000–$370,000, Satoshi could become the world’s richest person. For now, the fortune remains unchanged for over 15 years, highly visible, but untouched.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Bitcoin has tumbled more than 30% from its all-time high of $126k and is trading around $85,500 after briefly falling to $82K, according to market reports. Traders warn that recent moves by long-term holders are changing how the market reacts to stress. Liquidity has thinned, and that makes price swings larger than usual.

Schiff Issues A Stark Warning
According to gold investor Peter Schiff, Bitcoin is “finally having its IPO moment.” He said that when veteran holders turn into sellers, supply at the top of the market rises and future selloffs can become deeper.

“This much Bitcoin moving from strong to weak hands not only increases the float, but also means future selloffs will be bigger,” Schiff said on Saturday.

His view has been repeated by bearish voices for years, but this time the comment lands against clear on-chain moves and big ETF outflows.

Traders note that when confident, long-term holders prune positions near local peaks; when many do it at once, price action often becomes more violent.

Some argue that after all these years Bitcoin is finally having its IPO moment now that there’s enough liquidity for the OGs to cash out. I agree, but this much Bitcoin moving from strong to weak hands not only increases the float, but also means future selloffs will be bigger.

— Peter Schiff (@PeterSchiff) November 22, 2025

Whale Moves And Major Sales
Based on reports, whales and early wallets moved over 400,000 BTC in October, activity linked with large selling pressure. One early investor, Owen Gunden, reportedly liquidated his entire 11,000 BTC stake across October and November.

High-profile retail figures also sold: Robert Kiyosaki announced a sale worth roughly $2.25 million, saying he bought when BTC was about $6,000 and sold near $90,000, and that he plans to redeploy proceeds into income businesses.

Analysts at Bitfinex point to two key drivers of the recent drop: long-term holder sales and leveraged liquidations in derivatives markets. When margin positions unwind, prices can cascade lower before the market finds support.

BTCUSD trading at $86,550 on the 24-hour chart: TradingView
ETF Flows And Retail Sentiment
According to Bloomberg and fund filings, investors pulled nearly $1 billion from Bitcoin ETFs in a single session, the second-largest daily outflow among the group of 12 funds.

BlackRock’s IBIT led with $355 million, while Grayscale’s GBTC and Fidelity’s FBTC each saw about $200 million leave.

Over the past month, ETF products have recorded roughly $4 billion in net outflows. Citi Research figures cited by market watchers place every $1 billion withdrawn at roughly a 3.4% negative swing in Bitcoin’s price.

Still, there was a counter-move: reports show ETFs posted $238 million of inflows yesterday, underlining how flows can reverse quickly.

Schiff’s warning shows that Bitcoin can still be shaken when big holders sell. Even with some institutions buying, moving coins from long-term owners to casual investors could make future price drops bigger and faster.

People watching the market will likely pay close attention to what these veteran holders do, because their actions could decide how steep the next crash might be.

Featured image from Born Free Foundation, chart from TradingView

A pre-Thanksgiving surge in new XRP ETFs is gaining momentum as issuers respond to rising institutional demand. Multiple launches scheduled for this week indicate expanding regulated access, increased liquidity, and wider market participation.

XRP is powering rising interest in native staking as its momentum accelerates across liquidity, tokenized settlement and institutional markets, setting the stage for broader yield-driven expansion and deepening its role in global financial infrastructure.

The MLP is on the cusp of a significant surge in its free cash flow.

Enterprise Products Partners (EPD +1.73%) is about to enter an exciting new chapter. The master limited partnership (MLP) is currently putting the finishing touches on a multi-year capital investment phase that began in 2022. Once the energy midstream company completes its last major expansion project in the first half of next year, it will generate significantly more free cash flow.

That coming free cash flow inflection point positions the MLP (which sends its investors a Schedule K-1 Federal Tax Form each year) to return even more cash to investors in 2026. That uptick in cash returns could give it the fuel to produce some of the strongest total returns in the energy sector next year.

Image source: Getty Images.

The wellhead to water buildout
Enterprise Products Partners embarked on a major capital investment phase in 2022. The company has built large-scale pipelines and marine terminals over the past few years to support production growth in the Permian and Haynesville basins. It has also made a couple of platform acquisitions, including the purchase of Pinion Midstream for $950 million last year to accelerate its expansion into the eastern side of the Delaware Basin.

As a result, its annual growth capital spending rate rose from $1.6 billion in 2022 to a peak of $4.5 billion this year. These investments were part of the company's strategy to expand its infrastructure, enabling it to transport the growing production volumes from those two key production basins to the U.S. Gulf Coast, where it was also building additional export capacity.

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The MLP is in the process of starting up its last remaining projects. It's commissioning its Bahia natural gas liquids (NGL) pipeline and expects to complete the second phase of its new Neches River Terminal in the second half of next year. Once it completes this initial infrastructure buildout, it won't need to invest nearly as much capital to support volume growth in the future.

Turning up the free cash flow
Enterprise Products Partners is on pace to complete $6 billion of growth capital projects during the second half of this year. This wave of project completions has the company on the cusp of reaching a significant inflection point. Most of these projects are still in the early stages of commissioning and ramping up their operations. As they ramp up their volumes in the coming quarters, they'll start to contribute significant incremental cash flow.

Meanwhile, as this expansion phase winds down, Enterprise Products Partners expects its growth capital spending to decline significantly in the coming years. As of the end of the third quarter, the MLP expected its investment spending to decline to a range of $2.2 billion to $2.5 billion next year to finish its remaining secured capital projects, and it didn't have any capital projects lined up for 2027. However, it has since approved an expansion of its Bahia pipeline, which it expects to complete by the fourth quarter of 2027. It approved that project in conjunction with ExxonMobil acquiring a 40% interest in the pipeline for $650 million, which will help offset the cost of the expansion.

Ramping up the cash returns
With new projects contributing cash flow and capital spending declining significantly, Enterprise Products Partners is on track to produce substantially more free cash flow starting next year. That will give the MLP more money to return to investors.

It hasn't stopped increasing its distribution during the buildout phase. Instead, it has now raised the payout for 27 straight years, including by 3.8% over the last 12 months. The MLP currently covers its distribution by a comfortable 1.5 times, giving it ample room to boost the payment rate in the coming years.

Additionally, Enterprise Products Partners recently hiked its unit repurchase authorization from $2 billion to $5 billion. That gives it a lot more capacity to use some of its additional excess free cash flow to repurchase additional units. It repurchased $80 million in the third quarter and has $3.6 billion remaining under its current authorization.

The fuel to produce high total returns in 2026
Enterprise Products Partners is reaching a significant milestone by wrapping up a major expansion phase. These projects will generate significant incremental cash flow for the MLP, which will also experience a substantial decline in its capital expenditures. The resulting surge in free cash flow will enable it to return more money to investors through higher distributions and increased unit repurchases. This combination of rapidly rising free cash flow and higher cash returns could help fuel robust total returns for investors in 2026, making it look like a compelling buy as we head into the new year.

VTI provides broad exposure across the entire U.S. stock market.

Many people think being a successful investor involves picking individual winners, but it can be as simple as investing in broad exchange-traded funds (ETFs) that contain hundreds or thousands of companies. One great option is the Vanguard Total Stock Market ETF (VTI +1.16%), which offers instant diversification across the entire U.S. market.

Investing in VTI is more than just banking on stock price growth, too. It also pays a dividend that can be a reliable income source for investors. As an ETF, VTI's dividend payouts aren't as straightforward as regular stocks. They vary from quarter to quarter. However, the ETF's average yield over the past 12 months is 1.24%, meaning that if you wanted to receive $500 in yearly dividends, you'd need to purchase around 124 VTI shares at its current price of $327 (as of Nov. 19).

Image source: Getty Images.

As the name suggests, VTI does a great job covering virtually all aspects of the stock market. Like many market-cap-weighted ETFs, VTI leans heavily toward the tech sector, but it still contains companies from every other major sector. And unlike indexes like the S&P 500, which contain only large-cap stocks, VTI includes large-, mid-, and small-cap companies.

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VTI isn't a pure-play dividend ETF, but it's a great mix of marketwide exposure, long-term growth potential, and a dividend yield that rivals that of an S&P 500 ETF.

Stefon Walters has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Vanguard Total Stock Market ETF. The Motley Fool has a disclosure policy.

November 23, 2025 4:15 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 23, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Telix Pharmaceuticals Ltd. (NASDAQ: TLX) between February 21, 2025 and August 28, 2025, both dates inclusive (the "Class Period"), of the important January 9, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Telix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Telix class action, go to https://rosenlegal.com/submit-form/?case_id=43778 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 9, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants materially overstated the progress Telix had made with regard to prostate cancer therapeutic candidates; (2) defendants materially overstated the quality of Telix's supply chain and partners; and (3) as a result, defendants' statements about Telix's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Telix class action, go to https://rosenlegal.com/submit-form/?case_id=43778 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275591

By

PYMNTS
 | 
November 23, 2025

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Sales of Apple’s iPhone Air have reportedly been lower than anticipated.

That’s according to a report Saturday (Nov. 22) by the Financial Times (FT), citing early sales data for the Air, a thinner iPhone and the largest change to Apple’s smartphone design in years.

According to the report, consumers instead have sought out better value and higher specifications, turned off by the Air’s relatively high price and changes to the camera and speakers needed to create its 5.64 millimeter thickness.

“Apple had bigger expectations for the Air and it has not delivered on them,” said Nabila Popal, senior research director at the International Data Corporation.

IDC, which monitors iPhone sales by tracking Apple’s supply chain, found the company had halved production plans within weeks of the launch after the new smartphone sold about a third of its highest expectations.

PYMNTS has contacted Apple for comment but has not yet gotten a reply.

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The FT report said Apple is looking for new ways to energize iPhone sales, which made up $209 billion in revenue for the first nine months of the year, around half Apple’s total sales.

Other phones in the iPhone 17 lineup, which debuted at the same time as the Air, have sold well, the report added. Apple has projected these sales will help fuel a record holiday quarter, far above Wall Street estimates. 

The report also cited analysts from Morgan Stanley who projected that Apple could build 90 million units of the iPhone 17 in the second half of the year, which is roughly 6 million more than expected before the launch. The figures were “partially offset by relative weakness in the iPhone Air,” they added.

Demand for the new phone was credited as the reason Apple achieved a $4 trillion market capitalization last month.

Also last month, a report from research firm Counterpoint found that early sales of the iPhone 17 had outshone those of the iPhone 16 in the U.S. and China.

“The base model iPhone 17 is very compelling to consumers, offering great value for money,” Senior Analyst Mengmeng Zhang said in the Counterpoint report. “A better chip, improved display, higher base storage, selfie camera upgrade — all for the same price as last year’s iPhone 16.”

Meanwhile, a recent report by Bloomberg News said that a new version of the iPhone Air could be part of a wider rollout of new smartphones by Apple next fall.