A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official hinted at a potential interest rate cut in December. John Williams, president of the Federal Reserve Bank of New York, signaled he was open to lowering the fed funds rate—the key interest rate that banks charge each other for overnight loans—to support the job market. Speaking at an event, Williams stated that he sees “room for a further adjustment” for interest rates, which immediately shifted market expectations. Following his remarks, the perceived likelihood of an interest rate cut at the Federal Reserve's December meeting flipped from unlikely to more likely than not. The prospect of lower borrowing costs sent a wave of optimism through the markets, leading to a rally in major indices like the S&P 500, Dow Jones Industrial Average, and the Nasdaq Composite.
A highly volatile stock can deliver big gains - or just as easily wipe out a portfolio if things go south.
While some investors embrace risk, mistakes can be costly for those who aren’t prepared.
Satellite communications company EchoStar (NASDAQGS:SATS) fell short of the markets revenue expectations in Q3 CY2025, with sales falling 7.1% year on year to $3.61 billion. Its GAAP loss of $44.37 per share was significantly below analysts’ consensus estimates.
Globalstar (NASDAQ: GSAT) stock has experienced a significant surge, captivating the financial markets as whispers of a potential $10 billion sale of the satellite communications firm gain traction. The speculation, which intensified on October 23, 2025, follows reports that Globalstar's chairman, James Monroe, has been actively discussing such a possibility
Let’s dig into the relative performance of EchoStar (NASDAQ:SATS) and its peers as we unravel the now-completed Q2 traditional media & publishing earnings season.
