Financial Summary: Thursday, November 6, 2025

U.S. markets are stabilizing following a tech sector selloff, buoyed by positive labor market data.

Natural gas futures in the U.S. rose as demand expectations increased ahead of a cold weekend.

The FAA has announced a 10% reduction in flight capacity at 40 major airports due to the ongoing government shutdown.

Russian President Putin has suggested the possibility of resuming nuclear weapons tests amid rising geopolitical tensions with the U.S.

The European Commission has launched an investigation into Deutsche Börse and Nasdaq over potential collusion in the derivatives market.

UK Chancellor is set to propose a new budget plan that includes charging electric vehicle drivers per mile to compensate for declining fuel duty revenues.

Nancy Pelosi, the first female speaker of the House of Representatives, announced she will not seek reelection after decades of service in Congress.

Bank of England Governor Andrew Bailey indicates that UK interest rates may stabilize at a higher level compared to the US and Eurozone.

Thanksgiving turkey prices in the US are expected to rise significantly due to a severe avian flu outbreak that has reduced turkey flocks to a 40-year low.

The FAA has announced flight reductions at 40 airports starting Friday, impacting many travelers across the country.

A financial expert discusses whether $500K in savings is sufficient for a comfortable retirement at age 50.

Sean Dunn, a former DOJ employee, was acquitted of assaulting a federal agent after an incident involving a Subway sandwich.

Snap Inc. shares surged after announcing a $400 million deal to integrate the AI search engine Perplexity into its app.

Nvidia CEO Jensen Huang warned that China is likely to lead the AI race, criticizing Western skepticism amid easing regulations in Beijing.

Microsoft has established a new superintelligence team aimed at advancing AI for humanitarian purposes, including health diagnostics and renewable energy.

OpenAI CEO Sam Altman announced that the company expects to exceed $20 billion in annualized revenue this year, with projections of hundreds of billions by 2030.

SpaceX has acquired additional spectrum from EchoStar to enhance its mobile service capabilities.

D-Wave asserts its position as a leading quantum computing company amidst ongoing discussions about the industry's hype cycle.

Snap shares surged 15% after a strong forecast and a $400 million deal with Perplexity AI to enhance Snapchat's search features.

Lucid Motors missed Wall Street expectations and narrowed its production guidance while increasing its loan facility to $2 billion.

DoorDash shares fell due to heavy spending on tech upgrades and disappointing earnings from its Deliveroo acquisition.

Retail giants like Amazon, Walmart, and Target are raising prices to manage increased costs from tariffs.

Robinhood reported record quarterly revenue driven by surging trading volumes in options, crypto, and prediction markets.

E.l.f. Beauty's stock plummeted 29% due to weak guidance and tariff impacts, despite expectations of increased revenue from its acquisition of Rhode.

Qualcomm exceeded earnings expectations and issued a strong forecast, positioning itself well in the growing AI market.

HubSpot appointed Clara Shih, Meta's head of business AI, to its board of directors, enhancing its leadership in AI.

Mahindra & Mahindra plans to exit RBL Bank by selling its 3.5% stake for approximately $78 million, marking a profitable divestment.

Pony.ai's shares dropped significantly during its Hong Kong debut, reflecting challenges in the autonomous driving sector.

Nykaa is expected to report a strong Q2FY26 with 25-27% YoY revenue growth driven by festive demand and improved margins.

Bajaj Auto anticipates a 16% YoY rise in PAT for Q2FY26, supported by export recovery and a premium product mix.

Hindalco shares fell over 6% after Novelis announced a significant cash flow hit due to a fire at its New York plant.

Britannia Industries shares rose 5% following a 23% increase in Q2 net profit, attributed to cost control measures.

Delhivery shares dropped over 8% after reporting a Q2 loss of Rs 50.38 crore and announcing a CFO transition.

Grasim Industries reported a 76% YoY rise in Q2 net profit, leading to a 4% drop in shares amid market reactions.

Sun Pharma's Q2 net profit rose 2.6% YoY, with revenue growth driven by its Innovative Medicines segment.

IndiGo's parent company reported a Q2 net loss of Rs 2,582 crore, reversing from a profit in the previous quarter.

State Bank of India plans to divest a 6.3% stake in SBI Funds Management through an IPO, expected to conclude by 2026.

Redington shares surged 14% after reporting a 32% year-on-year profit increase, driven by strong revenue growth across all segments.

Anil Ambani group stocks, including Reliance Power, fell up to 5% amid a new probe into alleged fund diversion and governance issues.

Orkla India shares slipped below their IPO price after a flat debut, but analysts suggest it may be a good entry point for long-term investors.

Morgan Stanley raised Adani Power's target price, citing strong earnings visibility and expected growth in India's power demand.

Motilal Oswal initiated coverage on Waaree Energies with a 'Buy' rating, highlighting strong growth potential in the renewable energy sector.

Despite a 538% YoY profit jump, Suzlon Energy's target prices were cut by analysts due to valuation resets and moderated growth expectations.

Life Insurance Corporation of India (LIC) reported a 31% YoY increase in consolidated Q2 net profit to Rs 10,098 crore, with a 5% growth in net premium income.

Bajaj Housing Finance announced an 18% YoY rise in net profit to Rs 643 crore for Q2, with a 14% increase in revenue.

Nomura upgraded Asian Paints and Berger Paints to 'Buy', citing improved margins and a stable growth outlook.

Charles Schwab is set to acquire Forge Global, enhancing client access to private markets.

Apollo Hospitals reported a 26% YoY increase in profit after tax to Rs 477 crore for Q2FY26, driven by growth across its healthcare and digital sectors.

Singtel plans to sell a 0.8% stake in Bharti Airtel for Rs 10,300 crore, aligning with its strategy to optimize holdings as Bharti Airtel shows strong Q2 performance.

CarMax has sacked its CEO and revised its outlook downward, indicating challenges in the used car market.

Duolingo's stock plummeted 27% after the company announced a shift in focus towards long-term user growth, leading to light guidance.

JPMorgan was fined $52 million by a German regulator for failing to submit suspicious activity reports on time.

AI startup Metropolis raised $1.6 billion for expansion into retail, utilizing AI for payment solutions at various locations.

JM Financial reported a 16% increase in Q2 profit to Rs 270 crore, despite a drop in total income, and declared an interim dividend of Rs 1.50 per share.

Godrej Properties achieved a record Q2 net profit of Rs 405 crore, a 21% increase year-on-year, with bookings up 64% driven by strong sales.

Infosys has set November 14 as the record date for its Rs 18,000 crore share buyback, approved by shareholders with 98.81% support.

Bajaj Auto's subsidiary plans to acquire 24,000 shares in Pierer Bajaj AG for over 24 million Euro, enhancing its international operations.

BillionToOne raised $273.1 million in its IPO, marking a significant milestone for the biotech company.

Zydus Lifesciences plans to raise Rs 5,000 crore through equity sales to reduce debt and support expansion, following a 38% profit increase in Q2.

Snap's stock surged 9% after announcing a deal with Perplexity AI to integrate its search engine into Snapchat, alongside strong revenue reports.

Goldman Sachs promoted 638 employees to Managing Director, marking a significant increase in the number of promotions compared to previous years.

CarMax's stock dropped over 20% following the resignation of its CEO and a weak outlook for the used car market.

OceanaGold is preparing for a NYSE listing amid strong investor interest in gold, as it ramps up production.

Comcast is in talks to acquire ITV’s television business, aiming to enhance its presence in the UK broadcast and streaming market.