Summary
Urbanization is on the rise, with the United Nations predicting significant growth in cities over the coming decades. This raises critical questions about how to make urban areas smarter and more efficient in managing rapidly evolving infrastructure needs. Experts emphasize the importance of long-term urban planning and the integration of technology to address these challenges effectively.
In a related discussion, SpaceX's hiring practices come under scrutiny. Candidates seeking employment at the aerospace company must demonstrate exceptional skills and a strong commitment to its culture, heavily influenced by CEO Elon Musk. Recruiters indicate that practical experience is prioritized over advanced degrees, with a focus on raw intelligence. The demanding work environment is highlighted, with expectations for extended hours and weekends, balanced by the potential for equity compensation.
In financial news, several companies report their earnings, with mixed results. JetBlue's stock rises after it reassures investors about future profitability despite ongoing challenges. Conversely, Boeing experiences a significant drop in share value following a reduction in its aircraft delivery targets. Meanwhile, Robinhood's third-quarter results fall short of expectations, leading to a decline in its stock price despite some positive indicators in crypto revenue.
Show Notes
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Kristine Aquino, Carol Massar and Tim Stenovec. Memory stocks like Western Digital (WDC) and Seagate (STX) gained during trading today on renewed enthusiasm in AI-related companies. After the bell, Seagate reported earnings that beat estimates. Shares of Seagate initially dropped in postmarket trading. JetBlue (JBLU) reassured Wall Street that it’ll be profitable next year, as the debt-laden carrier seeks to overcome persistent losses and high oil prices to prevent a deeper restructuring. JetBlue rose 20% to $2.86 as of 11 a.m. New York time, with other US major carriers seeing fractional or single-digit gains. The stock had sunk to its lowest level on record on Monday before the earnings report was released, sliding by as much as 18%. Boeing (BA) shares fell during trading after the planemaker reported a wider-than-expected loss in its main commercial airplane business. See omnystudio.com/listener for privacy information.
More from Stock Movers
Today's biggest gainers and decliners in the stock market.
Today's biggest gainers and decliners in the stock market. On this episode of Stock Movers: Boeing (BA) cut its full-year aircraft delivery target and said it needs more time to accommodate higher production rates, a surprise reversal that sent the stock tumbling to an 18-month low. The shares dropped as much as 10%, the most since April 2025. The dramatic market reaction shows how investors remain on edge about Boeing’s recovery after years of struggles to get the planemaker back on track. Hilton (HLT) reported third-quarter earnings that beat expectations after the World Cup kicked off a strong travel season in the US. The company reported adjusted earnings per share of $2.45, higher than the average analyst estimate of $2.36 in data compiled by Bloomberg. Despite this, shares of Hilton fell. UPS (UPS) boosted its financial guidance for the year above Wall Street’s estimates, suggesting the courier expects to benefit from high prices and resilient demand through the holiday season. See omnystudio.com/listener for privacy information.
On this episode of Stock Movers: -Royal Caribbean Cruises (RCL) shares rise. This comes after headlines stating that Iran’s security chief is meeting with Supreme Leader Mojtaba Hosseini Khamenei to discuss ending the war. -Hilton Worldwide (HLT) shares fall. The hotel operator gave a forecast for adjusted earnings per share for the fourth quarter that fell short of the average analyst estimate. -Sherwin-Williams (SHW) shares drop. The paint company reported third-quarter earnings per share that missed the average analyst estimate and narrowed its full-year earnings forecast amid higher raw materials costs. See omnystudio.com/listener for privacy information.
On this episode of Stock Movers: - Intel (INTC) shares rise. Intel Corp. agreed to buy Israeli startup Classiq Technologies Ltd. as part of a push to capitalize on quantum computing. The chipmaker will pay about $2.3 billion for Classiq, according to people familiar with the matter. Intel's CEO Lip-Bu Tan said that joining forces with Classiq transforms Intel's Quantum Computing Group into a full-stack quantum computing business. - Meta (META) shares are down. Meta Platforms Inc. boosted a planned share sale to almost $98 billion to invest in AI infrastructure and personal superintelligence. The company sold $25 billion of common stock and raised $12.5 billion from an offering of preferred shares, with plans to raise as much as $60 billion via an at-the-market share sale program. - Royal Caribbean (RCL) shares rise. This comes after headlines stating that Iran’s security chief is meeting with Supreme Leader Mojtaba Hosseini Khamenei to discuss ending the war. See omnystudio.com/listener for privacy information.
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Hilton Worldwide (HLT) is falling after the hotel operator gave a forecast for adjusted earnings per share for the fourth quarter that fell short of the average analyst estimate. - JetBlue (JBLU) shares are rallying after the carrier reiterated its expectation to deliver at least $1 in earnings per share and positive free cash flow in 2028. The shares closed Monday at a record low as the airline grapples with cash burn and elevated oil prices. - Boeing (BA) shares are on the move after posted a quarterly loss after higher costs affected its commercial-jet business. The company's total revenue grew about 4% to $24.19 billion, driven in part by stronger sales from its defense, space and security business. Boeing generated cash despite the loss, and its 737 program is progressing toward stabilized production at 47 jets a month. See omnystudio.com/listener for privacy information.