Financial Summary: Thursday, November 13, 2025

The federal government shutdown has disrupted SNAP benefits, affecting millions of Americans reliant on food assistance.

The Philippines has introduced a new parametric insurance program to protect local fishers from climate-related risks.

Financial experts suggest alternative budgeting strategies for individuals with unstable incomes, moving away from traditional methods.

Starting in 2026, individuals will be able to enhance retirement savings while reducing student loan payments through pre-tax contributions.

President Trump signed a funding bill that reopened the U.S. government after a shutdown that began on October 1.

Japan's wholesale prices rose unexpectedly in October, driven by increasing food and metal costs, complicating the Bank of Japan's inflation strategy.

President Trump granted a pardon to former Tottenham Hotspur owner Joe Lewis, who pleaded guilty to insider trading.

Cisco's stock surged after reporting better-than-expected earnings, bolstered by $1.3 billion in AI orders.

Sealed Air is in discussions with Clayton Dubilier & Rice for a potential deal to go private.

Firefly Aerospace shares rose 15% following strong third-quarter results and an optimistic revenue outlook.

Infosys plans an Rs 18,000 crore share buyback, with the record date set for November 14.

Biocon shares reached a new 52-week high after announcing a potential $4.5 billion merger.

Asian Paints shares jumped 4% to a new 52-week high following a 43% profit increase.

Mahindra & Mahindra announced a 50:50 life insurance joint venture with Manulife to expand in India's insurance market.

Tencent reported a 15% year-on-year revenue increase, driven by advancements in AI affecting its advertising and gaming sectors.

Starbucks workers launched a strike in over 40 cities, potentially disrupting key holiday sales for the coffee chain.

Tesla is recalling 10,500 Powerwall 2 battery systems due to risks of overheating and fire.

Bajaj Finance has revised its growth forecast for FY26 to 22-23% due to challenges in the SME and two-wheeler loan segments, while anticipating asset quality improvements by early FY27.

Major Indian banks like ICICI, HDFC, and SBI are expected to see a re-rating as interest rates stabilize and corporate loan growth accelerates.

The Dow Jones Industrial Average reached a record high, driven by strong earnings from major companies like Goldman Sachs and UnitedHealth.

Indian stock markets saw gains as Nifty and Sensex rose on positive US trade talks and robust corporate earnings.

Japan's Nikkei index increased following the end of the U.S. government shutdown, with the Topix reaching a record high.

Urban Company shares fell nearly 30% from their peak post-IPO, raising investor concerns.

Advent Hotel shares debuted at a 17% premium after its demerger from Valor Estate, indicating strong market interest.

U.S. stocks opened lower as investors await economic data following the federal government reopening.

Seven large-cap stocks, including Vodafone Idea and Asian Paints, reached 52-week highs, reflecting bullish market momentum.

New foreclosures in the U.S. surged 20% in October, signaling increased distress in the housing market.

U.S. crude oil stockpiles rose by 6.4 million barrels last week, driven by record production levels.

U.S. Treasury yields rose as investors reacted positively to the end of the longest government shutdown in U.S. history.

Natural gas futures hit multimonth highs as cold weather raises concerns about heating costs this winter.

Wall Street stocks declined, particularly in the tech sector, as investors expressed concerns over high valuations in AI companies.

Market expectations for a December rate cut by the Federal Reserve have diminished following recent comments from Fed officials.

AI coding startup Cursor has reached a valuation of $29.3 billion after securing $2.3 billion in funding, highlighting the demand for AI tools among developers.

Musk's xAI has raised $15 billion in its latest funding round, reflecting strong investor confidence in artificial intelligence technologies.

Cisco reported better-than-expected earnings, driven by robust orders in the AI sector, and provided an optimistic outlook for future growth.

Starting in 2026, Major League Soccer games will be included in the standard Apple TV streaming service, ending the Season Pass model.