Good afternoon and welcome to Markets Desk, your midday read on what's moving and why.
Peter Schiff is back with a stark warning on Bitcoin, telling investors to get the hell out before what he calls an inevitable collapse below ten thousand dollars. His case hinges on history — Bitcoin has never posted two consecutive down years in its eighteen-year existence, a streak he says is now broken after last year's six and a half percent decline, and he sees further pain ahead.
Shifting to equities, Enovix is getting punished in Friday's session despite posting stronger revenues. The battery maker reported a wider quarterly loss, announced workforce reductions, and walked away from smartphone battery testing — that combination spooked investors even as management pointed to growing defense and drone demand as the next growth runway.
And in fintech, Nu Holdings delivered a standout quarter, reporting managerial net income of one billion ninety one point six million dollars for the third quarter of two thousand twenty six, up sharply from seven hundred eighty two point seven million in the same period last year. The Brazilian digital bank continues to scale aggressively across Latin America, and the numbers reflect that momentum clearly.
That's the tape. Markets Desk, signing off the floor.
