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Thursday Nov 12, 2026
StocksCompany news· Nov 12
Palantir's third-quarter revenue grew 96% and full-year guidance rose, yet coverage dated November 12 reports the stock fell 5%, even as US commercial sales passed government work.
Read the full story →PayPal reported third-quarter non-GAAP earnings of $1.45 a share, ahead of estimates, while revenue came in slightly below consensus, according to a Seeking Alpha analysis dated November 12. The quality of that earnings beat is the story: profit is outrunning sales. At the KBW Fintech Ecosystem Conference on November 10, the company targeted double-digit EPS growth and laid out how Venmo and its checkout strategy fit that goal, with adjacent revenue in financial services meant to fill the gap.
Coursera committed on November 9 to cut about 10% of its global workforce, with expected charges of $14M to $17M, mainly termination benefits that are largely cash. The charges fall in the fourth quarter of 2026 and the first half of 2027, and local-law consultation may stretch the timeline. The company ties the reduction to the Udemy merger it completed on May 11, 2026. Six months after closing, the overlap in staff is being removed, and the filing makes the cost visible.
Mercer International and one non-operating subsidiary filed voluntary Chapter 11 petitions on November 9 in the Southern District of Texas, Houston Division, according to an 8-K filed November 10. The filing is a prepackaged plan, meaning creditors have agreed terms in advance. The operating subsidiaries did not file and will keep running in the ordinary course. The company expects to finish the restructuring by the end of 2026. The structure is designed to keep the cash-generating units out of court.
MarketsMarkets today· Nov 12
The S&P 500 rose 1.31% and the Nasdaq 1.60% on Wednesday, but Nvidia's after-hours drop of more than 7% has futures pointing lower before the open.
Read the full story →The top 30 stocks made up about 50% of US market capitalization at the end of the third quarter of 2026, the highest concentration in 40 years, according to Seeking Alpha analysis dated November 11. The same piece says small caps fell 8.8% in the quarter, their third-worst quarter in 50 years. The two figures describe one market: index returns are being carried by a few giants while the median company lags badly.
Goldman Sachs expects AI to remain the dominant force behind US business investment in 2027, according to Reuters on November 12. For markets that is both support and exposure. Capital spending on data centers and chips underwrites the revenue of Nvidia, AMD and Broadcom, and a forecast that it continues removes one near-term fear. The headline does not supply Goldman's dollar estimate, so we do not repeat one.
The US equity market has grown from roughly $27 trillion in 2016 to more than $78 trillion in 2026, faster than federal debt, according to Seeking Alpha on November 12. The argument is that a larger equity base helps markets absorb rising government borrowing. It is a ratio argument: debt hurts less when the asset pile beside it expands. The piece offers no figure for federal debt in the part we hold.
BondsRates and credit· Nov 12
October CPI rose 0.4% against 0.3% expected, and Fed governor Waller's remarks left some traders weighing a 50-basis-point move in December, WSJ reports.
Read the full story →MarketWatch reports that the tight trading relationship between oil prices and Treasury yields has broken down. For years a fall in crude eased inflation expectations and pulled yields lower. That link has lapsed, a sign that inflation concerns now extend beyond the energy complex. Oil fell on Thursday as investors weighed US-Iran diplomacy, per WSJ, yet Treasury yields rose.
The euro fell to an 18-month low against the dollar on Wednesday, according to WSJ. The drivers were higher-than-expected US inflation and Waller's remarks supporting a December Fed hike, with some participants expecting 50 basis points. A currency at an 18-month low is a direct readout of the rate gap: the market is paying for dollar yield and selling the euro to fund it.
The MBA 30-year mortgage rate for the week ending November 6 was 7.21%, down from 7.3% the week before. A 9-basis-point decline is welcome news for buyers, but it still leaves the borrowing cost above 7%. The reading predates Tuesday's hot CPI print and Thursday's rise in Treasury yields, so it is already stale as a guide to where rates are headed.
GeopoliticsWorld and markets· Nov 12
Oil fell as investors weighed renewed US-Iran talks against Tehran's conditions for reopening the Strait of Hormuz, while the STOXX 600 hit a record on November 12.
Read the full story →Nvidia's board was reportedly meeting Wednesday to discuss the future of CEO Jensen Huang after he dated an accused Chinese spy, according to TechXplore citing US officials. WSJ reported on November 11 that his closeness to President Trump was not enough to protect him from the scandal. Nvidia stock fell about 7% in extended trading, per CNBC. The shares trade at $173.73 against a market cap of $4.19 trillion.
China's largest contract chip manufacturer, SMIC, more than doubled profit and reported another record in revenue, WSJ reported on November 12. The cause given is spillover from the AI boom, which has lifted demand and prices for its products. SMIC does not make Nvidia's leading chips, so its profit comes from the wider supply chain around AI hardware rather than from the top end of the market.
China's CNOOC reported a major ultra-deep gas discovery in the Bohai Sea, according to Reuters on November 11. The headline gives no reserve volume, depth or flow rate in the part we hold, so the size of the find cannot be stated. Ultra-deep wells are expensive and technically demanding, which is why a company announces a successful one.
MemesSpeculation watch· Nov 12
Two-times CoreWeave and Nebius funds jumped 32% to 49% while inverse chip funds fell up to 24%, before Nvidia's after-hours slide.
Read the full story →ReTo Eco-Solutions rose 65.95% to $6.19, Shengfeng Development gained 44.09% to $5, and Tantech Holdings climbed 30.89% to $40. Fossil Group added 26.68% to $9.97, and Capricor Therapeutics rose 26.49% to $11.22. The data we hold gives no catalyst for any of the five, and none appears in the filings listed in the brief. A move with no stated cause is the standard profile of a small-cap momentum trade.
Ohmyhome fell 51.85% to $8, SMX (Security Matters) lost 41.87% to $11.19, and GIBO Holdings dropped 30.22% to $105. Black Rock Coffee Bar fell 17.12% to $8.76. A move of 50% in one session leaves only half of the previous close, and the data we hold gives no explanation for any of the four. Sharp declines in thinly traded stocks usually follow sharp gains, but we cannot say that is the case here.
MARA Holdings sold 13,597 bitcoin after quarter-end for $1.1B, Tokenpost reports. The miner used $750M of the proceeds to repay bitcoin-backed loans and release 17,477 pledged coins. The implied price is about $81,000 per bitcoin, our own arithmetic from the two figures. A company that mines coins and borrows against its holdings has to sell when loans come due, and this was a deleveraging.