The Rundown Palantir Raises Outlook but Stock Tanks, Starbucks Sells 60% of China Business in Joint Venture Deal
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Nov 4, 2025 The stock market shows interesting trends, particularly with notable declines in Bitcoin and Ethereum. Palantir surprises investors with a strong revenue report but sees its stock tank. Starbucks makes waves by selling a majority stake in its China operations, facing tough competition from Luckin. Meanwhile, Spotify boasts impressive subscriber growth, and Uber records strong performance despite cautious guidance. Plus, Nintendo's Switch 2 sales soar past 10 million, prompting an optimistic sales forecast.
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Crypto Still Recovering From October Drop
- Crypto has slid since early October with Bitcoin down over 15% and Ethereum down over 20%.
- The market remains fragile after an early-October crash, warranting continued monitoring.
Host Shares Personal November Favoritism
- Zaid says November is his favorite month and that markets historically perform well in November.
- He also mentions it's his birthday month and that he's in New York planning to visit the NYSE.
Palantir's Beats Yet Volatile Reaction
- Palantir reported strong Q3 results with 63% revenue growth and raised full-year guidance above $4.4 billion.
- Despite beats, the stock fell as investors may have expected even larger upside given its high valuation.