markets

Claire Yubin Oh12/3/25

Zara owner Inditex soars after reporting strong Q3 and November sales

Inditex is up 8% in early trading in Madrid, the stock’s biggest intraday jump in five years, after the world’s largest listed clothing retailer reported robust November and third-quarter results on Wednesday.

The Zara and Pull&Bear owner reported that sales rose 8.4% at constant currencies to hit €9.8 billion ($11.41 billion) in the third quarter that ended October 31. The company also said that currency-adjusted sales grew 10.6% in November, marking a strong start to the retailers’ Q4 — one that includes the crucial Black Friday discounting period.

In what is usually the company’s most profitable period of the year, as many of its products are sold at full price, CEO Oscar Garcia Macieras commented in a call with analysts that “in the nine months of 2025, we have generated a strong performance, with sales growth in a complex market environment while maintaining very satisfactory levels of profitability.” Gross profit for the third quarter grew 6.2% to €6.1 billion ($7.1 billion), hitting a 62% gross margin.

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markets

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%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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