Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 12, 2025 in New York City. Spencer Platt | Getty Images The divergence between the performance of the Dow Jones Industrial Average and Nasdaq Composite on Wednesday stateside reinforces the suggestion that there are two markets operating in the U.S.: one of an artificial intelligence and another of “everything else.”Not only did the Dow rise, it also secured its second consecutive record high and closed above the 48,000 level for the first time.The index, which comprises 30 blue-chip companies, is typically seen as a marker of…
Author: usaeverydaylife
Cisco Systems shares spiked higher Wednesday evening after the networking company delivered a quarterly beat and outlook raise. Another quarter of double-digit order growth proves Cisco is an underrated winner from the AI infrastructure buildout. Revenue in the company’s fiscal 2026 first quarter, which ended Oct. 25, increased 8% year over year to $14.88 billion, exceeding the LSEG-complied analyst consensus estimate of $14.76 billion. Non-GAAP earnings increased 10% on an annual basis to $1 per share, beating expectations of 98 cents, LSEG data showed. GAAP stands for generally accepted accounting principles. CSCO YTD mountain Cisco Systems YTD Look at the…
View of the Skytree from Ueno and Asakusa in TokyoJackal Pan | Moment | Getty ImagesAsia-Pacific markets mostly rose Thursday, following mixed trading on Wall Street as investors kept an eye on the U.S. government, which appeared poised to reopen as soon as the end of the week.Japan’s benchmark Nikkei 225 index rose 0.23% in early trading, while the Topix added 0.62% to hit a record high.South Korea’s Kospi rose 1.07%, while the small-cap Kosdaq jumped 2.52%.Australia’s S&P/ASX 200 was down 0.25%.Futures for Hong Kong’s Hang Seng Index pointed to a lower open, trading at 26,899, against the index’s previous…
Gerald Storch, former Toys R Us CEO and Target vice chairman, joins ‘Fast Money’ to talks the state of the consumer ahead of the holidays. Source link
What’s in store for the 2026 workplace, according to Glassdoor research. Source link
Check out the companies making headlines in after-hours trading. Cisco — Shares of Cisco gained more than 7% in extended trading after the networking company posted better-than-expected profit and revenue for its fiscal first quarter. Cisco earned $1 per share, excluding items, on $14.88 billion in revenue, while analysts polled by LSEG expected 98 cents per share on $14.77 billion in revenue. Firefly Aerospace — The Texas-based aerospace company saw its shares soar about 18% on the back of strong quarterly results. The company posted a narrower-than-expected adjusted loss for the third quarter and exceeded revenue expectations for the period,…
The final trades of the day with CNBC’s Melissa Lee and the ‘Fast Money’ traders. Source link
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator.) It’s hard not to respect the market’s recent display of resilience through rotation. But the process – which involves money rushing out of the 2025 winners and paring back bets on AI bellwethers and speculative fluff and into laggard healthcare and Old Economy sectors – can be tenuous if the chorography becomes more jagged. The dance Wednesday involved the ” Magnificent Seven ” shedding more than 1% and Palantir losing 5% with while the equal-weighted S & P 500 added almost half a percent and…
U.S. Speaker of the House Mike Johnson (R-LA) walks surrounded by the media, as members of the U.S. House of Representatives returned to Washington after a 53-day break, for a vote that could bring the longest U.S. government shutdown in history to a close, on Capitol Hill in Washington, D.C., U.S., Nov. 12, 2025. Nathan Howard | ReutersThe House of Representatives headed toward a vote on Wednesday night to end the longest U.S. government shutdown in history.The House is expected to vote on a short-term funding bill that would lead to the government reopening until at least the end of…
Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle | Bloomberg | Getty ImagesFirefly Aerospace’s stock surged 15% on Wednesday after the space technology company issued better-than-expected third-quarter results and lifted its guidance.Revenues in the third quarter jumped nearly 38% to $30.8 million from $22.4 million in the year-ago period and nearly doubled from the previous quarter.Firefly’s net loss totaled $140.4 million, or $1.50 per share. The company said net loss included costs tied to its IPO, foreign exchange…
