Market Signal Briefing

, /PRNewswire/ -- Nuvalent, Inc. (Nasdaq: NUVL), a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for clinically proven kinase targets in cancer, today announced that James Porter, Ph.D., Chief Executive Officer, and Alexandra Balcom, Chief Financial Officer, will participate in a fireside chat during the Piper Sandler 37th Annual Healthcare Conference on Thursday, December 4, 2025, at 8:30 a.m. ET.

A live webcast will be available in the Investors section of the company's website at www.nuvalent.com, and archived for 30 days following the presentation.

About Nuvalent
Nuvalent, Inc. (Nasdaq: NUVL) is a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for patients with cancer, designed to overcome the limitations of existing therapies for clinically proven kinase targets. Leveraging deep expertise in chemistry and structure-based drug design, we develop innovative small molecules that have the potential to overcome resistance, minimize adverse events, address brain metastases, and drive more durable responses. Nuvalent is advancing a robust pipeline with investigational candidates for ROS1-positive, ALK-positive, and HER2-altered non-small cell lung cancer, and multiple discovery-stage research programs.

SOURCE Nuvalent, Inc.

Also from this source

German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial intelligence increasingly replaces manual processes, a source familiar with the plans told Reuters on Wednesday.

SummaryIndependence Realty Trust is a multi-family residential REIT getting a buy rating for my initial coverage, agreeing with today's Wall St. and Seeking Alpha analyst consensus.Several upside drivers include portfolio growth and upgrades, supply/demand housing imbalance and Sun Belt population growth, and a very low leverage risk.IRT stock is slightly undervalued compared to key peers, but some forecasts point to further price upside to occur.For dividend investors, the 4% yield is modest, but the firm made a nice dividend growth recovery post-pandemic and maintains a low payout ratio (56% of AFFO).The interest rate risk present in this type of business has been discussed due to the cost of capital in growing a real estate portfolio.Ninoon/iStock via Getty Images

Today's Pick: A Residential REIT in the S&P 400 MidCap Although I often write about REITs and even launched a book on that topic this month, there is one multifamily residential REIT I have not covered yet

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

As of the writing of this article, I do not hold any shares of IRT.

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.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ODD over the next 72 hours. 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.

RAHWAY, N.J.--(BUSINESS WIRE)--Merck to Participate in the 8th Annual Evercore ISI HealthCONx Conference.

NEW YORK, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Brookfield announced today that Bruce Flatt, Chief Executive Officer, will present at the Goldman Sachs U.S. Financial Services Conference on Tuesday, December 9, 2025, at 10:40 a.m. ET.

A live audio webcast of the event will be available in the “News & Events” section of both Brookfield Corporation’s investor relations website, www.bn.brookfield.com, and Brookfield Asset Management’s investor relations website, www.bam.brookfield.com. A replay will be available following the conclusion of the event.

Media:BN Investor Relations:Simon MaineKatie BattagliaTel: +44 739 890 9278Tel: (416) 359-8544Email: [email protected]: [email protected]   BAM Investor Relations: Jason Fooks Tel: (212) 417-2442 Email: [email protected]                                                                 
About Brookfield 

Brookfield Corporation

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. BN has three core businesses: Alternative Asset Management, Wealth Solutions, and its Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.

BN has a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by its unrivaled investment and operational experience. BN’s conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow it to consistently access unique opportunities. At the center of BN’s success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).

For more information, please visit our website at www.bn.brookfield.com.

Brookfield Asset Management

Brookfield Asset Management Ltd. is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, renewable power and transition, private equity, real estate, and credit. BAM invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. BAM offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. BAM draws on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for its clients, across economic cycles. Brookfield Asset Management is publicly traded in New York and Toronto (NYSE: BAM, TSX: BAM).

For more information, please visit our website at www.brookfield.com.

JasonDoiy/iStock Unreleased via Getty Images

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HP (HPQ) slides after it unveils weak forecast, job cuts. (00:25) Trump admin negotiates 71% discount on Ozempic, Wegovy (NVO) for Medicare patients. (01:34) Foxconn gets approval to invest additional $569M in Wisconsin. (02:17)

This is an abridged transcript.

HP (HPQ) shares fell nearly 6% in extended trading on Tuesday after the printer and PC giant offered up a weaker-than-expected forecast and announced it would be letting go as many as 6,000 employees.

Looking to the first-quarter of the next fiscal year, HP expects to earn between $0.73 and $0.81 per share on an adjusted basis, with the $0.77 midpoint just below the $0.78 estimate.

The weak guidance comes as HP reported better-than-expected results for the period ending Oct. 31. HP said it earned an adjusted $0.93 per share as revenue rose 4.2% year-over-year to come in at $14.64B. A consensus of analysts expected HP to earn $0.92 per share on an adjusted basis, with $14.53B in revenue during the quarter.

“Our FY25 results reflect solid execution in an evolving environment, where we drove strong profit improvement in the back half of the year and returned $1.9 billion dollars to shareholders,” said HP CFO Karen Parkhill. “Looking forward, we are taking decisive actions to mitigate recent cost headwinds and are investing in AI-enabled initiatives to accelerate product innovation, improve customer satisfaction, and boost productivity. We are confident these actions will strengthen our foundation and position us for long-term growth.”

The Trump administration negotiated lower prices on 15 costly drugs under Medicare, including Ozempic and Wegovy.

The Centers for Medicare & Medicaid Services (CMS) said that the government will pay $274 for a 30-day supply of Ozempic and Wegovy, down from $959 previously, a discount of about 71%. The negotiated prices reflect what Medicare will pay manufacturers, not the direct patient cost. The price cuts will go into effect in 2027.

These reductions come as part of Medicare's drug price negotiation program, aiming to make these medications more affordable for seniors and taxpayers, with expected savings of $12 billion for taxpayers.

“Whether through the Inflation Reduction Act or President Trump’s Most Favored Nation policy, this is what serious, fair, and disciplined negotiation looks like,” commented CMS Deputy Administrator and Medicare Director Chris Klomp.

These cost cuts were anticipated after Trump’s landmark drug-pricing deal with Novo (NVO) and Eli Lilly (LLY) announced at the White House earlier this month.

Foxconn Technology (OTCPK:FXCOF) secured regulatory approval to invest an additional $569M in Wisconsin to meet the growing demand for AI infrastructure.

The Apple (AAPL) and Nvidia (NVDA) supplier — which is formally known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF) — said it received approval from the Wisconsin Economic Development Corporation, or WEDC, which now paves the way for creating 1,374 new jobs over the next four years in Racine County.

Foxconn says Wisconsin accounts for close to a fourth of the company's workforce in America, and this second- stage project will double that presence in the state by the end of the decade.

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Catalyst watch:

Starbucks (SBUX) and Costa Coffee (KO) are two of the notable companies participating in the European Coffee Symposium in Berlin, which is considered the most influential coffee industry conference on the continent.

Dow, S&P and Nasdaq futures are in the green. Crude oil is down 0.2% at $57/barrel. Bitcoin is down 0.7% at $86,000. Gold is up 0.8% at $4,163.

The FTSE 100 is up 0.2% and the DAX is up 0.1%.

The biggest movers for the day premarket: Zscaler (ZS) -8% - Shares tumbled despite beating FQ1 results as the company reported an operating loss of $36.4M, which was 5% of revenue.

On today’s economic calendar:

2:00 pm Beige Book

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

Chagee Holdings Limited (NASDAQ:CHA) will release earnings results for the third quarter before the opening bell on Friday, Nov. 28.

Analysts expect the China-based company to report quarterly earnings at 40 cents per share, on revenue of $458.31 million, according to data from Benzinga Pro.

On Aug. 29, Chagee Holdings posted mixed results for the second quarter.

Chagee shares rose 6.7% to close at $14.20 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

JP Morgan analyst Jessie Xu initiated coverage on the stock with an Underweight rating and a price target of $14.2 on Nov. 14, 2025. This analyst has an accuracy rate of 72%.
Macquarie analyst Linda Huang initiated coverage on the stock with a Neutral rating and a price target of $19 on Sept. 5, 2025. This analyst has an accuracy rate of 66%.
Considering buying CHA stock? Here’s what analysts think:

Read This Next:

How To Earn $500 A Month From HP Stock Ahead Of Q4 Earnings
Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Kohl's is a stock both meme traders and value investors can get behind.

The meme stocks phenomenon has carried on in 2025. However, while there is still some hope and hype surrounding the original "meme kings" like AMC Entertainment and GameStop, new stocks have taken center stage among meme traders.

One such example is Kohl's (KSS +42.63%). However, in contrast to the "meme kings" of the past, which during their meme rallies became divorced from fundamentals, Kohl's still trades at a big discount to its underlying value.

Image source: Getty Images.

What makes Kohl's the "value investor's meme stock"
Last summer, when Kohl's share price surged from high single digits to the mid-teens, this was largely the result of meme traders trying to trigger a short squeeze. Despite a high level of short interest, the meme community's power in 2025 is not nearly as strong as it was in 2021.

In short, their efforts failed to send Kohl's "to the moon." Instead, shares have reached price levels that, while likely reflective of the retailer's current profitability, represent a discount to the company's intrinsic value.

Today's Change

(

42.63

%) $

6.71

Current Price

$

22.43

Still, don't necessarily count on the "meme" or "value" angles
In 2022, Kohl's received a $60-per-share takeover offer, with its owned real estate playing a big role in this hefty bid. That same year, a private equity firm made a $2 billion bid just for the real estate assets alone.

Per Kohl's latest 10-K annual filing, land and owned buildings have a book value of $9.44 billion. This exceeds Kohl's current enterprise value, which is the sum of its market cap and net debt, by about $1 billion.

The company's current market cap is just $1.76 billion, suggesting that selling off real estate could lead to an outsize windfall compared to the current stock price. That said, much like the meme community's short-squeeze angle, don't count on asset sales serving as the key catalyst for this stock moving forward.

As I've argued recently, the next big move for this stock hinges on the successful execution of an operational turnaround. With this, only buy this stock if you're bullish that this will happen.

Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

The company's headline valuation is attractive, but investors need to appreciate the longer-term picture.

Ford Motor Company (F +1.62%) stock is trading up more than 17% this year, but its performance somewhat obscures the fact that the company faces both challenges and opportunities that define its viability as an investment. They center around its electric vehicle (EV) strategy.

How Ford makes money
The company has been largely unsuccessful in its EV aims so far. First, its Model e business remains heavily loss-making (see table below). Second, the strategy of legacy automakers releasing EV versions of highly successful internal combustion engine (ICE) vehicles received a setback, as disappointing sales of Ford's F-150 Lightning pickup truck have shown. Ford is reportedly considering ending production of the electric pickup truck.

Image source: Getty Images.

Third, Ford's aim (outlined in 2019) of having commercial self-driving cars in 2021 didn't happen, and Ford is no longer a primary developer in the market.

First Nine Months 2025 Segment

Revenue

Earnings Before Interest and Taxation

Ford Pro

$51.4 billion

$5.6 billion

Ford Blue

$74.8 billion

$2.3 billion

Ford Model e

$5.4 billion

($3.6 billion)

Data source: Ford presentations.

Investing in Ford
Ford's value lies in its commercial, government, and rental customer business, the Pro segment. That gives Ford a moat, as EV adoption in the commercial van and truck sector has been held back by the extra weight of EVs and the need to keep vans/trucks running and refueled quickly.

Today's Change

(

1.62

%) $

0.21

Current Price

$

13.17

However, the advantages of ICE vehicles won't last forever, as EV technology continues to improve. Moreover, CEO Jim Farley's commitment to investing $5 billion in developing a universal EV platform and a $30,000 pickup by 2027 acknowledges Ford's need to be relevant in the EV age.

It's the right thing to do, but it remains a bet in an area where Ford has, thus far, failed to deliver. As such, Ford stock will only attract value investors willing to accept potential downside. At $13, Ford trades at 12.5 times its estimated 2025 earnings. That may seem cheap, but it will be expensive if its big EV bet fails.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

U.S. stock futures rose on Wednesday after Tuesday’s advances. Futures of major benchmark indices were higher.

The three-day winning streak comes amid a holiday-shortened week, as the markets will be closed on Thursday and open till 1:00 p.m. ET on Friday.

Traders are aggressively pricing in a December cut amid dovish central bank guidance.

Meanwhile, the 10-year Treasury bond yielded 4.01% and the two-year bond was at 3.46%. The CME Group's FedWatch tool‘s projections show markets pricing an 84.9% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.

FuturesChange (+/-)Dow Jones0.21%S&P 5000.23%Nasdaq 1000.29%Russell 20000.22%The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.29% at $677.01, while the QQQ advanced 0.36% to $611.10, according to Benzinga Pro data.

Stocks In Focus
Dell Technologies Inc. (NYSE:DELL) jumped 4.94% after reporting mixed financial results for the third quarter on Tuesday. It raised its full-year outlook, expecting fiscal 2026 revenue in the range of $111.2 billion to $112.2 billion, up from a prior range of $105 billion to $109 billion.

Benzinga’s Edge Stock Rankings indicate that DELL maintains a weaker price trend over the short and medium terms but a strong trend in the long term, with a solid growth ranking. Additional performance details are available here.

HP
HP Inc. (NYSE:HPQ) tumbled 5.67% despite posting better-than-expected earnings for its fourth quarter after Tuesday's closing bell. However, the company announced layoffs and issued weak forward guidance.

HPQ maintained a weaker price trend over the short, long, and medium terms, with a moderate value ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Autodesk
Autodesk Inc. (NASDAQ:ADSK) climbed by 7% following third-quarter earnings and revenue beat. It also guided for full-year revenue of $7.15 billion to $7.17 billion and raised its full-year adjusted earnings guidance to a new range of $10.18 to $10.25 per share, versus estimates of $9.95 per share.

Benzinga’s Edge Stock Rankings shows that ADSK maintains a stronger price trend over the short, medium, and long terms, with a poor quality ranking. Additional information is available here.

Zscaler
Zscaler Inc. (NASDAQ:ZS) dropped 7.15% despite beating analyst estimates on the top and bottom lines and raising its fiscal 2026 adjusted EPS and revenue outlook.

It maintained a weaker price trend over the short and medium terms but a strong trend in the long term, with a strong growth ranking. Additional performance details, as per Benzinga's Edge Stock Rankings, are available here.

Uber Technologies
Uber Technologies Inc. (NYSE:UBER) was up 0.73% after it announced the launch of Level 4 fully driverless Robotaxi commercial operations in Abu Dhabi, along with WeRide Inc. (NASDAQ:WRD), which gained 1.52%.

UBER maintained a weaker price trend over the short and medium term but a strong trend in the long term, with a moderate value ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Cues From Last SessionCommunication services, health care, and consumer discretionary stocks recorded the biggest gains on Tuesday, leading most S&P 500 sectors into positive territory.

IndexPerformance (+/-)ValueNasdaq Composite0.67%23,025.59S&P 5000.91%6,765.88Dow Jones1.43%47,112.45Russell 20002.14%2,465.98Insights From AnalystsJeremy Siegel, the celebrated Wharton professor and author of Stocks for the Long Run, delivered a pointed critique of President Trump's trade strategies during a recent appearance on the Icons and Ideas podcast. Siegel argued that requiring businesses to petition the White House for tariff relief undermines free-market principles.

“I don’t particularly like [that] you have to go to the court of Donald Trump to get [exemptions]… that’s not good capitalism,” Siegel said. “That’s not good free markets as far as I’m concerned.”

While Siegel classifies the tariffs as “net a negative” for the U.S. economy, he remains optimistic about the broader market. He explained that these protectionist downsides are outweighed by pro-business moves, such as deregulation and a retreat from the Biden administration’s “crazy antitrust” stance.

Ultimately, Siegel believes the administration’s broader agenda creates a favorable environment for investors. “The deregulation… the less fervent anti-merger movement… that offsets, more than offsets, the negative of the tariffs,” he concluded.

See Also: How to Trade Futures

Upcoming Economic DataHere's what investors will be keeping an eye on Wednesday;

Initial jobless claims data for the week ending Nov. 22 and September’s delayed durable-goods orders data will be announced by 8:30 a.m. ET.
No data is scheduled to be released for the Thanksgiving holiday on Thursday.
Commodities, Gold, Crypto, And Global Equity MarketsCrude oil futures were trading lower in the early New York session by 0.22% to hover around $57.98 per barrel.

Gold Spot US Dollar rose 0.78% to hover around $4,163.00 per ounce. Its last record high stood at $4,381.6 per ounce. The U.S. Dollar Index spot was 0.11% higher at the 99.7780 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 0.07% higher at $86,938.43 per coin.

Asian markets closed higher on Wednesday as India’s NIFTY 50, Hong Kong's Hang Seng, Australia's ASX 200, China’s CSI 300, Japan's Nikkei 225, and South Korea's Kospi indices rose. European markets were mostly higher in early trade.

Read Next:

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Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Shares are down 24% so far this year, with falling sales and earnings weighing on investor sentiment.

Here are three stocks with buy rank and strong value characteristics for investors to consider today, Nov. 26:

Commercial Metals Company (CMC - Free Report) : This steel and metal products company, and related materials and services provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.

Commercial Metals has a price-to-earnings ratio (P/E) of 11.35, compared with 21.00 for the industry. The company possesses a Value Score of A.

Alcoa Corporation (AA - Free Report) : This company that produces and sells bauxite, alumina, and aluminum products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.

Alcoa has a price-to-earnings ratio (P/E) of 11.16, compared with 11.60 for the industry. The company possesses a Value Score of A.

James River Group Holdings, Ltd. (JRVR - Free Report) : This specialty insurance company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.5% over the last 60 days.

James River has a price-to-earnings ratio (P/E) of 5.46, compared with 8.30 for the industry. The company possesses a Value Score of B.

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.

The teen-focused apparel brand has had a lot of publicity this year, but how has it performed over time?

American Eagle Outfitters (AEO +2.93%) is one of the most popular clothing brands around these days. With many of its products aimed at the teen and young adult market, its broader mission is to lean into youthful trends that might also be popular with the population at large.

It has reported a mixed performance over the years, and its stock has more or less reflected that. Let's take a look at what's happening now and how the stock has rewarded shareholders.

Image source: American Eagle Outfitters.

What's happening at American Eagle Outfitters
2025 has been a relatively tough time for many consumer discretionary companies. Simply put, there's not a whole lot of discretionary income for much of the U.S. population as inflation is once again rising. Shoppers of late seem to be focusing on essentials and cheaper items. American Eagle considers its products to be low-priced, and they are when compared with luxury brands. But an extra pair of jeans is still extra.

In the 2025 fiscal second quarter (ended Aug. 2), sales and comparable sales (comps) both decreased 1% from last year. Even Aerie, the company's women's intimate apparel and loungewear brand, which has been a strong growth driver, is feeling the pressure, and Aerie comps were down 3%.

The company has been careful about costs in this climate, and gross margin expanded 0.3 percentage points to 38.9%, while operating margin expanded 0.2 percentage points to 8%.

American Eagle gained publicity over the past few months for what ended up being a controversial marketing campaign featuring actress Sydney Sweeney, as well as for a collaboration with football star and Taylor Swift's fiancé, Travis Kelce. These marketing moves did end up having a positive impact on sales.

Today's Change

(

2.93

%) $

0.56

Current Price

$

19.66

How has American Eagle stock performed?
American Eagle is one of the most popular clothing brands in the U.S., but its stock hasn't been quite as popular, especially compared to the S&P 500.

Stock/Index1-year returns3-year returns5-year returnsAmerican Eagle Outfitters13%32%24%S&P 50013.8%74%99%
Data source: Ycharts. Note: Data is as of Nov. 25.

These are total returns, which include dividends (American Eagle's dividend yields 2.7% at the current price).

American Eagle stock trades at 18 times trailing-12-month earnings, which is about its average over the past few years and looks reasonable. American Eagle isn't a growth stock, and investors should understand that going in. But if you're looking for a value stock with an above-average dividend yield, American Eagle could be a valuable stock to hold over a long period of time.

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, Nov. 26:

Dycom Industries, Inc. (DY - Free Report) : This company that provides specialty contracting services to the telecommunications sector carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.7% over the last 60 days.

Dycom has a PEG ratio of 1.78 compared with 2.66 for the industry. The company possesses a  Growth Score of B.

Micron Technology, Inc. (MU - Free Report) : This memory and storage products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days.

Micron Technology has a PEG ratio of 0.46 compared with 1.24 for the industry. The company possesses a Growth Score of A.

Sanmina Corporation (SANM - Free Report) : This global provider of electronics contract manufacturing services carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 38.9% over the last 60 days.

Sanmina has a PEG ratio of 0.63 compared with 1.86 for the industry. The company possesses a Growth Score of A.

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

ASML (ASML +1.73%) is one of the most critical suppliers of the semiconductor industry.

Equifax Canada® Market Pulse Quarterly Consumer Credit Trends and Insights

TORONTO, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Equifax® Canada’s Q3 Market Pulse Quarterly Consumer Credit Trends and Insights shows a renewed rise in missed payments heading into the holidays, with 1.45 million consumers in Canada missing a credit payment in Q3, more than 46,000 higher than in Q2.

The national 90+ non-mortgage balance delinquency rate reached 1.63 per cent, up 14 per cent year-over-year. Total consumer debt climbed to $2.62 trillion (+3.4 per cent year-over-year), while average non-mortgage debt per consumer rose to $22,321, up $511 from a year ago.

“Earlier this year, we saw tentative signs of stabilization, however Q3 data indicated some renewed stress, especially in younger households and homeowners in urban centres,” said Rebecca Oakes, Vice-President, Advanced Analytics at Equifax Canada. “The holiday season is a time when credit card spending typically rises $300–$500 per consumer and previous Equifax data shows that missed card payments increase by roughly 7 per cent come January. Spending over the next few weeks will be a decisive moment for many consumers in Canada.”

Financial stress for younger consumers, especially in certain cities
Financial stress remains greatest among younger people (aged 18-35 years old) with 1 in 20 missing a credit payment during Q3. Among 26–35-year-olds, the 90+ days non-mortgage balance delinquency rate reached 2.45 per cent, up 20.51 per cent year-over-year. In addition, the delinquency rate for 18–25-year olds stood at 2.11 per cent, up 16.58 per cent year-over-year.

By contrast, older consumers in Canada recorded smaller increases, including 56–65 year olds at +9.95 per cent, and for the 65+ cohort at +4.36 per cent.

Several large urban centres posted increases in non-mortgage delinquency, including Toronto which reached 2.27 per cent (+19.58 per cent year-over-year); Vancouver at 1.27 per cent (+18.18 per cent); and Ottawa at 1.55 per cent (+17.61 per cent). Smaller increases were seen in Edmonton (+11.23 per cent) and Halifax (+12.51 per cent), as well as cities in the Prairies and Atlantic regions.

Missed payments
Missed payments were concentrated among non-mortgage households. Of the 1.45 million consumers who missed a payment, 84 per cent (about 1.21 million) did not hold a mortgage. For mortgage holders, roughly 1 in 35 missed a payment compared to 1 in 37 at the end of Q2.

“The data shows there are still emerging financial challenges for older consumers, especially those with a mortgage in cities such as Toronto,” added Oakes. “Mortgage payment shock is still contributing to rising missed payments on credit cards, personal loans, and even on mortgages themselves."

Credit use and card behaviour heading into year-end
Non-mortgage debt rose just over 5 per cent year-over-year, and although growth was slower than prior years, pick up in the housing market led to a $31.8 billion increase in mortgage balances versus Q2. Inflation-adjusted card spend increased 1.6 per cent, led by Nunavut (up 5.5 per cent), Quebec (up 4.0 per cent), and New Brunswick (up 2.8 per cent). Overall card payment health improved modestly—fewer consumers paid only the minimum and more consumers paid their balance in full—however those top line numbers mask a growing strain among younger consumers in Canada. Minimum-payer rates increased for consumers under 25, as well as consumers aged 26–35-years old, and those in higher-cost provinces such as Ontario and British Columbia. 

“Since the pandemic, we’ve seen periods where consumers proactively curb credit use as finances tighten. We observed younger consumers pulling back on card spend last quarter, and it will be important to see whether that discipline holds through the holiday season,” concluded Oakes.

Consumers aged 46+ moved in the opposite direction with average card spending rising to $2,342 in Q3, up $48 year-over-year.

Auto industry facing new headwinds

The auto industry has experienced multiple challenges over recent years with rising vehicle prices and high interest rates curbing consumer demand during 2022 and 2023. In Q3 2025 renewed activity did continue with new auto loan volumes rising 4.8% compared to 12 months prior, however, auto lenders are facing an escalating threat from synthetic ID fraud leading to increasing levels of auto loan stacking losses. This type of fraud accounted for an estimated 1/3 of auto loans (over $10k) opened in Jan 2025 which missed payments in Q3 and is contributing towards an estimated $450 million loss for auto lenders per year.

Age Group Analysis – Debt & Overall Balance Delinquency Rates (excluding mortgages)

 Average
Debt
(Q3 2025)Average Debt Change
Year-over-Year
(Q3 2025 vs. Q3 2024)90+ Delinquency
Rate ($)
(Q3 2025)Delinquency Rate Change
Year-over-Year
(Q3 2025 vs. Q3 2024)18-25$8,6354.46%2.11%16.58%26-35$17,6030.68%2.45%20.51%36-45$27,2631.03%1.97%15.99%46-55$34,9871.95%1.43%14.13%56-65$29,7724.80%1.16%9.95%65+$15,1213.75%1.13%4.36%Canada$22,3212.34%1.63%14.17%      Major City Analysis – Debt & Overall Balance Delinquency Rates (excluding mortgages)

CityAverage
Debt
(Q3 2025)Average Debt Change
Year-over-Year
(Q3 2025 vs. Q3 2024)90+ Delinquency
Rate ($)
(Q3 2025)Delinquency Rate Change
Year-over-Year
(Q3 2025 vs. Q3 2024)Calgary$24,4511.89%1.81%13.65%Edmonton$23,8670.52%2.27%11.23%Halifax$21,7582.32%1.55%12.51%Montreal$17,3152.49%1.53%13.27%Ottawa$19,8181.27%1.55%17.61%Toronto$21,5233.12%2.27%19.58%Vancouver$24,8083.58%1.27%18.18%St. John's$22,7812.34%1.69%13.19%Fort McMurray$37,830-0.23%
2.44%8.32%      Province Analysis - Debt & Overall Balance Delinquency Rates (excluding mortgages)

ProvinceAverage
Debt
(Q3 2025)Average Debt Change
Year-over-Year
(Q3 2025 vs. Q3 2024)90+ Delinquency
Rate ($)
(Q3 2025)Delinquency Rate Change
Year-over-Year
(Q3 2025 vs. Q3 2024)Ontario$22,9382.29%1.80%20.06%Quebec$19,4962.47%1.10%6.09%Nova Scotia$21,7832.16%1.66%8.33%New Brunswick$22,9771.65%1.71%11.28%PEI$24,3653.84%1.26%16.88%Newfoundland$25,3852.48%1.60%12.17%Eastern Region$21,8482.51%1.59%16.11%Alberta$24,7900.95%2.00%10.86%Manitoba$18,6353.03%1.73%5.99%Saskatchewan$23,7331.40%1.73%2.84%British Columbia$23,0522.74%1.46%14.29%Western Region$23,3061.97%1.72%10.89%Canada$22,3212.34%1.63%14.17% * Based on Equifax data for Q3 2025

About Equifax
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

Contact:
Andrew Findlater
SELECT Public Relations
[email protected]
(647) 444-1197

Angie Andich
Equifax Canada Media Relations
[email protected]

, /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of James Hardie Industries plc (NYSE: JHX) common stock (previously American Depositary Shares until their conversion to common stock on July 1, 2025) between May 20, 2025 and August 18, 2025, both dates inclusive (the "Class Period"), have until Tuesday, December 23, 2025 to seek appointment as lead plaintiff of the James Hardie class action lawsuit.Captioned Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc., No. 25-cv-13018 (N.D. Ill.), the James Hardie class action lawsuit charges James Hardie and certain of James Hardie's top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the James Hardie class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-james-hardie-industries-plc-class-action-lawsuit-jhx.html

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: James Hardie designs and manufactures a wide range of fiber cement building products, with manufacturing plants in both the United States and Australia.

The James Hardie class action lawsuit alleges that despite starting to see North America Fiber Cement customers destocking inventory in April and early May 2025, defendants throughout the Class Period made numerous statements falsely assuring investors that the segment remained strong despite the challenging market environment and expressly denying that inventory destocking was occurring.Investors remained unaware that sales in James Hardie's largest business segment were experiencing inventory loading by channel partners, with the hallmarks of fraudulent channel stuffing, and not sustainable customer demand as represented, the James Hardie class action lawsuit further alleges.

The James Hardie class action lawsuit also alleges that on August 19, 2025, James Hardie disclosed that sales in North America Fiber Cement declined by 12% due to the customer destocking first discovered by defendants in April through May.On this news, the price of James Hardie's common stock dropped by over 34%, the James Hardie class action lawsuit alleges.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired James Hardie common stock during the Class Period to seek appointment as lead plaintiff in the James Hardie class action lawsuit.A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.A lead plaintiff acts on behalf of all other class members in directing the James Hardie class action lawsuit.The lead plaintiff can select a law firm of its choice to litigate the James Hardie class action lawsuit.An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the James Hardie class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation.Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors.In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS.With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Contact:

Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
[email protected] 

SOURCE Robbins Geller Rudman & Dowd LLP

Q1: 2025-11-25 Earnings SummaryEPS of $0.41 beats by $0.00

 |

Revenue of

$670.58M

(13.47% Y/Y)

misses by $6.08M

Nutanix, Inc. (NTNX) Q1 2026 Earnings Call November 25, 2025 4:30 PM EST

Company Participants

Richard Valera - Vice President of Investor Relations
Rajiv Ramaswami - President, CEO & Director
Rukmini Sivaraman - Principal Accounting Officer & CFO

Conference Call Participants

Simran Biswal - RBC Capital Markets, Research Division
James Fish - Piper Sandler & Co., Research Division
Matthew Martino - Goldman Sachs Group, Inc., Research Division
Ruplu Bhattacharya - BofA Securities, Research Division
Nehal Chokshi - Northland Capital Markets, Research Division
Jason Ader - William Blair & Company L.L.C., Research Division
Michael Cikos - Needham & Company, LLC, Research Division
Benjamin Bollin - Cleveland Research Company LLC
Paramveer Singh - Oppenheimer & Co. Inc., Research Division

Presentation

Operator

Good day, everyone, and welcome to Nutanix's First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded. Now it's my pleasure to turn the call over to Nutanix's Vice President of Investor Relations, Rich Valera. Please go ahead.

Richard Valera
Vice President of Investor Relations

Good afternoon, and welcome to today's conference call to discuss first quarter fiscal year 2026 financial results. Joining me today are Rajiv Ramaswami, Nutanix's President and CEO; and Rukmini Sivaraman, Nutanix's CFO. After the market closed today, Nutanix issued a press release announcing first quarter fiscal year 2026 financial results.

If you'd like to read the release, please visit the Press Releases section of our IR website. During today's call, management will make forward-looking statements, including financial guidance. These forward-looking statements involve risks and uncertainties, some of which are beyond our control, which could cause actual results to differ materially and adversely from those anticipated by these statements.

For a more detailed description of these and other risks and uncertainties, please refer to our SEC filings, including our most recent annual report on Form 10-K as well as our earnings press

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Cardano founder Charles Hoskinson used his late-November 25 livestream to argue that, despite the recent hack, FBI drama and social-media firestorms, “overall, Cardano is really healthy.” He insisted that the protocol side of the recent incident is largely behind them, saying, “we recovered… we’re on the other side of it, we’re in cleanup mode,” and claimed Cardano will “finish pretty strong towards the end of the year.” The revival he sketched rests on Midnight, RealFi, a renewed DeFi push and a more aggressive scaling roadmap.

Hoskinson Predicts A 2026 Cardano Revival
At the core is Midnight’s Glacier Drop. Reading from a “State of the Network” memo prepared by the Midnight Foundation, Hoskinson said the airdrop “was the largest distribution event in the history of cryptocurrencies,” stressing, “this is not puffery, we have the numbers.” The Scavenger Mine phase closed on November 20 “with over 4.5 billion NIGHT claims registered across more than 8 million participating addresses.” He called the architecture “a new standard for token distribution” that combines “a broad community-driven allocation” with mechanisms “to increase fairness and systemic integrity.”

The airdrop now shifts into a 450-day redemption phase starting December 8, during which NIGHT unlocks in four equal installments. A “lost and found” mechanism lets users who later recover private keys still claim, which Hoskinson openly framed as an incentive for custodial platforms: “

As Midnight goes up in value, they realize that they can redeem on behalf of their users and do an exchange distribution and take their cut.” He said Kraken, OKX, Bitpanda and NBX will distribute NIGHT to eligible KYC’d users, so “tens of millions potentially could be viable.” December 8 is also the token’s trading debut, which he described as bringing “tier one listings for the first time ever for a Cardano native asset,” ahead of a federated Midnight mainnet in Q1.

Hoskinson argued that Midnight is more than a high-profile airdrop; it is the lever that will force Cardano’s stalled DeFi pipeline to move. Looking back at 2024, he said there were KPIs they “hit very strongly,” such as launching the on-chain Treasury, making the first Treasury payout and fully decentralising the Constitutional Committee, but admitted that “we lagged behind in integrations and the growth of the DeFi ecosystem. It just couldn’t get coordinated and done.”

With Midnight in production, he claimed that in 2026 “there’s no optionality. It must get done. An exceedingly aggressive organization is basically forcing that to get done whether people like it or not, kicking and screaming.” He underlined the different posture he expects from the new entity: “The Midnight Foundation will be an active participant in DeFi, unlike the Cardano Foundation… that alone is going to bring a lot of TVL.”

RealFi is billed as the second engine of that revival. Hoskinson spotlighted RealFi, a lending platform that, he said, has already issued “over 1 million loans in Kenya and Uganda with my money just to test our credit model and our MFI relationships and how we process these types of things.” These are fast 30- to 90-day micro-loans that are now being “translated… into the DeFi world to be launched on Cardano.” He predicted RealFi “is going to be the single biggest driver along with Midnight for TVL and transactions on Cardano in the Cardano ecosystem.” RealFi, he added, represents “the aggregation of 10 years of careful thinking about how to do” banking the unbanked at scale.

Scaling And Cross-Chain Efforts
On the scaling side, Hoskinson said the Leios team is “building up faster than any other team we’ve had,” declaring, “we got to get Leios out next year, there’s no if, ands, buts about it.” Hydra, he noted, is already in mainnet use “with Delta DeFi, the Glacier Drop, Hydra Doom as well as the vending machine project,” and IOHK has been meeting with core contributors “about how we can unify the Hydra community and ecosystem together… so we can have dapp-by-dapp acceleration.”

He said upcoming work on StarStream, Plutus V4 and Aiken, together with Leios “at the base ledger,” is intended to “speed things up tremendously.” Having “learned our lesson,” he said, future base-layer and L2 components will be co-developed “hand and glove” rather than with the long lag that separated Cardano and Hydra.

Midnight’s reach is also meant to be cross-chain. Hoskinson reiterated that “the raison d’être of Midnight is it’s a layer two to everybody,” but said bridges will open gradually, roughly every two months, each one enabling “a hybrid dapp” on a new ecosystem and creating “a nice constant news cycle.” Behind the recent meme exchanges with Solana, he claimed, “we’re already talking about Midnight on Solana for privacy for Solana contracts and all types of RWAs,” before adding, “the reality is we’re all friends now.”

Hoskinson closed by acknowledging that 2025 “has been an incredibly, incredibly tough year,” citing more than 200 days of travel, four deaths “close to me” and an ongoing struggle with weight and stress, but insisted he is “doing okay.” The point of enduring that, he argued, is precisely the long-term revival he now claims has begun. “We can do anything if we put our mind to it,” he said. “We know our KPIs. We know what to do. And we know how to get it done. And we have wonderful products like Midnight to represent that. Lace to represent that. RealFi to represent that. Cardano to represent that.”

At press time, ADA traded at $0.4238.

ADA remains in key support zone, 1-week chart | Source: ADAUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Key NotesSantiment says that the current market recovery might be a trap.The crypto market has lost over $900 billion of its value over the past month.Recent ETF outflows and lack of extreme short pressure make this rebound look shaky.
Just a few days after Bitcoin’s

BTC
$87 273

24h volatility:
0.5%

Market cap:
$1.74 T

Vol. 24h:
$63.42 B

dip to the $80,000 mark and reclaiming $88,000, bullish voices are calling it a bottom.

New analysis from Santiment, however, shows that the shaky sentiment, weak on-chain activity, and cautious market data may mean the real floor has not yet been found.

On Nov. 21, the BTC price fell to a local low of $80,659, but the asset soon gained momentum and touched $89,000 on Nov. 25. Following the rebound, the crypto community started calling it the market bottom, according to an analysis by Santiment.

📊 Bitcoin's depressing slump to $80K has been followed by an (at least slightly) encouraging bounce back up to $88K. Now, questions are arising about whether last week's bottom was the best buy opportunity we'll get. We explore in our latest deep dive. 👇https://t.co/4Hja2WY15J pic.twitter.com/D29wrva0Ie

— Santiment (@santimentfeed) November 26, 2025

The market intelligence platform warns that the terms “bull market,” “bear market,” “topped,” or “bottomed” are often misused, as they depend a lot on who’s speaking and what timeframe is meant.

Historically, major reversals tend to happen when “everyone” expects more pain, not when “everyone” thinks the bottom is hit, Santiment’s analyst wrote.

The Worst Is Yet to Come
Bitcoin is currently trading at $87,700. The global crypto market cap increased by 0.3% in the past 24 hours to $3.02 trillion.

This not only triggered bullish sentiment among investors and traders, but also brought increased longs, according to Santiment.

Currently, the funding rates on crypto exchanges are sitting above zero as traders expect further upside for Bitcoin. Historically, the market moves in the opposite direction of what the crowd expects, the analyst says.

Moreover, Bitcoin’s on-chain activity and network growth are still way below the December 2023 peak, with over 3.3 million new addresses created every week. Currently, only 2.2 million Bitcoin addresses launch per week.

The analyst believes that the “market bottom” narrative may be premature, as the current crypto liquidations also show mixed sentiment. CoinGlass data shows that the 24-hour crypto liquidations reached $296 million ($141 million longs and $155 million shorts).

The small long/short ratio hints at lower price volatility, but the nearly $300 million liquidation is proof that traders are uncertain of where the market is headed.

In addition, spot BTC exchange-traded funds in the US recorded a net outflow of $3.57 billion in November so far. In simple terms, institutional sentiment remains bearish despite the massive “bottom” calls on social platforms.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.

Wahid Pessarlay on X

45 minutes ago

Bitcoin losses remained near 20% for November, risking its worst 11th month since the 2018 bear market, but AI predicted a bottom coming this week.

469

Bitcoin (BTC) is on course for its worst November since 2018, but a new forecast sees a BTC price bottom this week.

Key points:

Bitcoin is on track to seal its weakest November performance since the 2018 bear market.

December has historically produced identical price action after “red” November months.

AI predicts that BTC/USD will form a local bottom this week.

November echoes 2018 Bitcoin bear marketBitcoin remains in bear market territory ahead of the November monthly close, its drawdown versus October’s all-time highs hitting up to 36%.

Data from monitoring resource CoinGlass shows that at $87,500, Bitcoin is still down 20% this month.

CoinGlass confirmed that such bearish performance has been absent from the charts since 2018, the year following another bull run that peaked at $20,000.

“Every time Bitcoin has had a red November, December has also ended red,” Sumit Kapoor, founder of crypto trading community WiseAdvice, commented on the data in a post on X.

BTC/USD monthly returns (screenshot). Source: CoinGlass
Since 2013, the average November gains for BTC/USD have been in excess of 40%, while December has been much more muted, resulting in a 5% average upside.

BTC is due for a “slow recovery” into 2026On the topic of BTC price seasonality, network economist Timothy Peterson shared some more optimistic views on how Bitcoin might conclude 2025.

A dedicated AI-based prediction tool suggested that Bitcoin’s latest local bottom is either already in or due this week.

“AI-driven Bitcoin simulation estimates the bottom is in or occurs this week, with a slow recovery through the end of the year,” Peterson reported on X Monday.

“There is less than 50% chance Bitcoin reclaims $100,000 by December 31.  There is at least a 15% chance Bitcoin finishes lower from here ($84,500) and an 85% chance it finishes higher.” Bitcoin AI price model. Source: Timothy Peterson/X
He noted that the model does not account for external volatility catalysts, such as macroeconomic events.

Previous findings, which overlaid BTC price action this year onto 2015, likewise hinted that a major rebound may come by the end of the year.

Peterson nonetheless described the concept as “hopium.”

Want some hopium?
Bitcoin was at this exact same point at this exact same time in 2015.
It then shot up 45% and finished the year up 33%. pic.twitter.com/dTC53llkYX

— Timothy Peterson (@nsquaredvalue) November 16, 2025This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

TLDR

Bitcoin trades around $87,500 on Wednesday after dropping to seven-month lows near $80,000 last week
Market odds for a December Federal Reserve interest rate cut jumped to 80% from 42% in one week
Speculation grows that Kevin Hassett could replace current Fed chair and support aggressive rate cuts
CFTC announces new CEO Innovation Council to provide guidance on digital asset regulation and stablecoins
Most altcoins including Ethereum and XRP remain subdued with Bitcoin still rangebound despite modest recovery

Bitcoin traded at $87,536 on Wednesday morning, showing little movement after last week’s sharp decline to near $80,000. The world’s largest cryptocurrency has recovered modestly but remains in a tight trading range around $88,000.

The market has seen a major shift in expectations for Federal Reserve policy. The odds of a December interest rate cut climbed to 80% from just 42% one week ago. This change followed comments from Federal Reserve officials who signaled support for lowering borrowing costs.

San Francisco Fed president Mary Daly told The Wall Street Journal she supports another rate cut. She expressed concern about the labor market. “It’s vulnerable enough now that the risk is it’ll have a nonlinear change,” Daly said.

New York Fed President John Williams also indicated room for policy adjustment. He stated there is space for further movement in the federal funds rate target range.

The cryptocurrency fell from its October peak above $125,000 to current levels in just over a month. This represents a drawdown of nearly 40%.

Bitcoin Price on CoinGecko
Softer U.S. economic data has helped revive hopes for easier monetary policy. Lower interest rates typically benefit risk assets like cryptocurrencies.

Political Changes Could Impact Fed Policy
Reports suggest Kevin Hassett could succeed the current Federal Reserve chair. Hassett is a close adviser to Donald Trump. Market watchers view him as likely to support aggressive rate cuts if appointed.

This potential leadership change has added momentum to rate cut expectations. Many investors see it as a signal toward easier monetary policy ahead.

Trading remains cautious despite improved rate cut odds. The recent volatility has shaken confidence among crypto investors. Many are waiting for clearer macroeconomic signals before making large bets.

Market analysts note the bitcoin sell-off resulted from multiple factors. These include tariff concerns, a stronger dollar, and forced liquidations. The sharp moves hit an overleveraged market.

CFTC Expands Digital Asset Oversight
The Commodity Futures Trading Commission announced a new CEO Innovation Council on Tuesday. Acting Chair Caroline D. Pham is assembling the council to broaden U.S. oversight of cryptocurrency markets.

The council will provide industry guidance on digital asset regulation. Topics include tokenized collateral, stablecoins, and emerging market structures.

Nominations must be submitted by December 8. Candidates need to include their name, title, affiliation, and proposed focus areas.

Pham described the initiative as critical for the agency to expand digital asset regulation effectively.

Other major cryptocurrencies showed limited movement on Wednesday. Ethereum rose 0.4% to $2,934. XRP fell 2.2% to $2.19. Solana posted slight gains while Cardano and Polygon remained mostly flat.

Bitcoin has stabilized after clearing out excess leverage from the market. Some analysts expect the cryptocurrency to trade between $95,000 and $110,000 by year end if macro conditions improve.

Sergey Nazarov stated that DeFi adoption has reached 30% and projected full global adoption by 2030.

Texas invested $5 million in BlackRock’s Bitcoin ETF, with another $5 million planned for direct custody.

The purchase marks growing state-level adoption of digital assets across the United States.

Through​‍​‌‍​‍‌​‍​‌‍​‍‌ a $10 million strategy, Texas has come into the Bitcoin market in a measured way. On the 20th of November, the state invested $5 million in a spot Bitcoin ETF by BlackRock. In addition to this, $5 million is reserved for acquisition of Bitcoin under ​‍​‌‍​‍‌​‍​‌‍​‍‌self-custody.

Texas Finalizes Self-Custody Infrastructure
On​‍​‌‍​‍‌​‍​‌‍​‍‌ Tuesday, via social media, Lee Bratcher of the Texas Blockchain Council made the announcement of the investment. As they are still working on the self-custody infrastructure, Lee mentioned that Texas decided to go the ETF route first. The money, $10 million, is from the state’s general revenue fund, but not all of the funds have been spent yet. 

The purchase may be related to the governor Greg Abbott’s Bitcoin reserve initiative for Texas that was approved last June. The plan is to have Bitcoin as one of the state’s financial assets for the long term. Nevertheless, the original bill stipulates that only assets with a market capitalization of more than $500 billion will be eligible for the ​‍​‌‍​‍‌​‍​‌‍​‍‌reserve.

This​‍​‌‍​‍‌​‍​‌‍​‍‌ development is a major change in the way the government views digital assets. Pierre Rochard, CEO of The Bitcoin Bond Company, pointed out the change of perception in a very short time. He said that governments changed from issuing threats of bans to buying Bitcoin themselves in just five years. 

Contrary to what some early reports said, Texas is actually not the first state to initiate Bitcoin ETF investments at the state level. The Wisconsin Investment Board made a private market purchase of IBIT shares worth close to $100 million in May of last year. Bloomberg analyst Eric Balchunas mentioned that Texas is now the recent IBIT investor, along with Harvard and Abu ​‍​‌‍​‍‌​‍​‌‍​‍‌Dhabi.

According​‍​‌‍​‍‌​‍​‌‍​‍‌ to State Senator Charles Schwertner, if everything goes well, Ethereum might be added to Texas’s strategic reserve just like Bitcoin. In his words, a steady market cap of more than $500 billion for 24 months could be the criterion for Ethereum’s inclusion.

BlackRock’s IBIT is the main focus of attention and is currently at $49.56. The after-hours trading is almost silent with a slight 0.22% uptick. The ETF has retreated by close to 10% since the beginning of the year, while the institutional demand for it has been rising. The Trump Administration’s embrace of cryptocurrency has not yet resulted in a winning streak for ETFs. 

Texas’s investment is a clear sign that the adoption of digital assets is gaining momentum at the state level across the United ​‍​‌‍​‍‌​‍​‌‍​‍‌States.

Highlighted Crypto News Today: 

KuCoin Secures AUSTRAC Registration to Strengthen Its Regulatory Footprint in Australia

Shubham Sahu is a crypto journalist and writer with extensive experience covering blockchain technology, digital currencies, and AI. With over seven years in financial markets, Shubham began his journey in traditional trading before uncovering his passion for the crypto verse. After making his first crypto investment in 2021, Shubham combines practical market experience with deep technical knowledge to provide insightful analysis and commentary.