markets

Max Knoblauch11/13/25

Ubisoft delays its earnings at the last minute and requests a freeze on trading

French gaming company Ubisoft, the maker of franchises like “Assassin’s Creed” and “Tom Clancy’s The Division,” took the odd step on Thursday of announcing the delay of its latest earnings report at the 11th hour.

The company also requested that trading of its shares be halted. Ubisoft’s US-listed ADRs are down more than 8% following the news.

“Ubisoft has requested Euronext to halt trading of its shares and its bonds from the market opening on November 14, 2025, until the publication of its first-half 2025-26 results in the coming days,” read an emergency press release. As a few were quick to point out online, Ubisoft advertised Black Friday deals “up to 90% off” shortly after the delay was announced.

According to reporting by Kotaku, Ubisoft CFO Frederick Duguet sent an email to staff stating that they could not share any explanation for the move with employees “due to legal regulations.”

Earlier this year, Ubisoft said it would spin off a collection of its top titles into a new subsidiary, with Chinese gaming giant Tencent taking a 25% minority stake in the carve-out with a $1.25 billion investment.

In September, Ubisoft rival EA announced it would be taken private in a $55 billion deal by a group including Saudi Arabia’s sovereign wealth fund.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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