What Stimulated Global Medical's Third-Quarter Blowout

 

Globus Medical (GMED) stock is poised to retake its 200-day in bullish volume Friday after the company's new Nevro division stimulated a third-quarter beat and raise.

The company acquired Nevro for $250 million in April. Nevro makes devices that treat chronic pain by stimulating the spinal cord. Needham analyst David Saxon said the Nevro division was the standout on Globus Medical's top and bottom line.

Nevro sales were $99 million, up just 2% year over year. But the division's adjusted earnings before interest, taxes, depreciation and amortization margin reached 16%. In the prior quarter, Nevro had a 1% loss.

"Management now expects it to be accretive in 2025 (vs. second year post-close previously)," Saxon said in a note. "GMED continues to integrate NVRO and expects to be largely done around mid-2026."

Globus Medical stock shot up more than 26% to 77.88 in premarket action. That puts shares on deck to open above their 200-day line at an eight-month high.
Globus Medical Stock Jumps On Hiked Outlook

Across all segments, Globus' sales grew 6.4% organically to $769 million, topping forecasts for $735 million. Adjusted earnings came in at $1.18 per share, walloping expectations for 78 cents. That included a one-time tax benefit worth 7 cents a share. Earnings surged more than 42%.

Needham's Saxon noted growth in U.S. spine, while Globus' trauma division "is nearing critical mass, enabling it to compete in high volume trauma centers." The spine division sells products that treat musculoskeletal problems. Globus' trauma business focuses on musculoskeletal injuries.

For the year, Globus now expects $2.86 billion to $2.9 billion in sales, up from its previous range for $2.8 billion to $2.9 billion. The company also sees adjusted profit of $3.75 to $3.85 a share, up 65 cents per share, at the midpoint, from the guidance issued three months ago.

Saxon reiterated his hold rating on Globus Medical stock.

https://www.investors.com/news/technology/globus-medical-stock-globus-medical-earnings-q3-2025/

Consumer Credit Jumps More Than Expected To New Record High Driven By Surge In Student Loans

 The consumer credit rollercoaster continues.

One month after total consumer credit grew far less than expected, barely printing in the green, moments ago the Fed reported that in September consumer credit jumped once again, rising by $13.093 billion to a new record high of $5.077 trillion. 

The increase was driven by a modest rebound by revolving credit, which rose by $1.65 billion in September after contracting in August by the 2nd biggest amount since Covid, shrinking by $6.1 billion (only last November's $11.2 billion was larger).

Nature

The modest increase in revolving credit was more than offset by another solid bounce in non-revolving credit which increased by $9.2 billion, the second biggest increase of 2025.

Broken down by components, student loans - now that the repayment moratorium is over - surged by $27.4 billion in Q3 to a record $1.841 trillion. As discussed previously, student loans have a magical capability of being abused for everything but college, which is why enterprising "students" binge on them any time they can to fund all their other purchases. Meanwhile, car loans rose by a far more modest $6.2 billion to $1.567 trillion.

Finally, and this will come as a surprise to nobody, despite 1.50% in rate cuts by the Fed since last September, we can now confirm that rates on credit cards have gone... nowhere at all, as banks continue to bleed US consumers dry.

https://www.zerohedge.com/markets/consumer-credit-jumps-more-expected-new-record-high-driven-surge-student-loans

Top Trump Officials Moved Into Military Housing Due To Left-Wing Political Threats

 Via American Greatness,

A number of top officials in President Donald Trump’s administration are being housed, along with their families, on military bases, due to increasing threats of left-wing political violence.

High profile members of the Trump team, including Secretary of Homeland Security Kristi Noem, Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and White House deputy chief of staff Stephen Miller have all been moved into military housing typically reserved for senior officers.

Nature

According to a report from The Atlantic, members of Trump’s cabinet have faced growing concerns about political violence after many of them have been confronted at their private residences by protestors.

Kristi Noem, Marco Rubio, Pete Hegseth, Stephen Miller … all have been forced to move to secure housing on military bases.

The leftwing violence is getting so out of control that they cannot live in private homes due to threats to their family members. https://t.co/7cWUhVhvFj

— Wall Street Mav (@WallStreetMav) October 31, 2025

In one instance, Stephen Miller’s wife Katie told Fox News how she was confronted by a woman who allegedly told her, “I’m watching you,” as she walked out her front door the day after Charlie Kirk’s assassination.

Katie Miller, in a subsequent appearance on Fox News noted that while the protestors she has encountered weren’t violent, they were actively inciting the kind of violence that led to Kirk’s assassination.

The Millers listed their Arlington, Virginia home for sale earlier this month after continued protests, including wanted posters with their home address and chalked messages were scrawled on the sidewalk in front of their home.

In August, the Washington Post reported that Homeland Security Secretary Kristi Noem had been living, free-of-charge, on a military base in the D.C. area, for her own safety.

According to a spokesperson for Noem, the move was necessary because Noem was no longer able to safely live in her own apartment after being “horribly doxxed and targeted.”

The Atlantic  report says that moves like this aren’t without precedent, as national security leaders have previously been allowed to rent homes on base “for security or convenience.”

However, in the wake of two failed assassination attempts on Trump, the Charlie Kirk assassination and increasingly violent clashes between left-wing protestors and federal immigration agents, the dangers associated with political polarization appear to be growing.

https://www.zerohedge.com/political/top-trump-officials-moved-military-housing-due-left-wing-political-threats

Fed’s Miran says stablecoin surge could help push interest rates lower

 Fed Governor Stephen Miran on Friday suggested that surging demand for dollar-denominated stablecoins could help push U.S. interest rates lower.

In a speech delivered for an audience of economists in New York, the central bank official and appointee of President Donald Trump said the flood of crypto tokens pegged to the dollar could tamp down what economists refer to as “r-star,” or the “neutral” rate of interest that neither pushes nor impedes growth.

If that happens, he said, the Fed might need to lower its own policy rate to avoid unintentionally slowing the economy.

“Stablecoins may become a multitrillion-dollar elephant in the room for central bankers,” Miran said. “Stablecoins are already increasing demand for U.S. Treasury bills and other dollar-denominated liquid assets by purchasers outside the United States, and this demand will continue growing.”

Citing prior research, Miran said stablecoin growth could push the Fed’s benchmark rate down by 0.4 percentage point.

During his short time on the Fed board, Miran has advocated aggressive rate cuts, in part because he thinks the neutral rate is considerably lower than most of his colleagues assume. His latest remarks extend that argument into the world of digital finance, suggesting that the rise of stablecoins could structurally lower borrowing costs for years to come.

Previously, his arguments have been focused largely on moderating inflation and the importance of the Fed not impeding economic growth with higher rates. The stablecoin dissertation adds another wrinkle to the case for easier policy.

“Even relatively conservative estimates of stablecoin growth imply an increase in the net supply of loanable funds in the economy that pushes down” the neutral rate, he said. If neutral is lower, he added, “policy rates should also be lower than they would otherwise be to support a healthy economy. A failure of the central bank to cut rates in response to a reduction in [r-star] is contractionary.”

Miran is expected to leave the Fed in January, when the unexpired term he is filling runs out.

https://www.cnbc.com/2025/11/07/feds-miran-says-stablecoin-surge-could-help-push-interest-rates-lower.html

Un-Sustainables: ESG Outflow Bloodbath Hits Ninth Consecutive Month

 The downward spiral of sustainable equity stocks built on the environmental, social, and governance (ESG) globalist movement has deepened under the Trump era, as investor focus and capital flows have pivoted sharply toward the booming artificial intelligence trade.

A Goldman Sachs team led by analyst Varsha Venugopal offered clients a fresh snapshot of the darkening ESG space, cautioning that:

Sustainable equity outflows continued in September (-$8.4 bn) for the ninth consecutive month. Outflows were driven by W. European active funds (-$8.3 bn), while active funds in N. America (-$2.5 bn) and RoW (-$0.4 bn) saw more modest outflows. Passive strategies saw inflows (+$2.8 bn) across all regions in the latest month. Integration strategies saw outflows (-$8.3 bn), as did thematic strategies (-$0.8 bn), though only marginally. Global Sustainable fixed income flows turned modestly negative in September (-$1.8 bn).

The broader picture for sustainable equity fund flows reveals a continued wave of outflows, driven mainly by heavy redemptions across Europe and the U.S. during the summer months.

Nature

Sustainable equity funds saw outflows in 3Q25 (-$70.1 bn), largely driven by redemptions from select funds in July (Exhibit 6).

W. Europe drove outflows in September (-$6.2 bn), while N. America (-$2.1 bn) and RoW (-$0.01 bn) saw marginal to negligible outflows.

Europe

North America 

All sustainable thematic categories, climate, human development, etc., have recorded nonstop outflows for nine consecutive quarters.

"Sustainable fund equity AUM penetration" refers to the percentage of total equity assets under management (AUM) invested in ESG-labeled funds. The data below shows that this phenomenon has largely lost momentum after globalist Wall Street bankers drove the ESG bubble into hyperdrive during the Biden–Harris regime era.

For the last few years, we've pointed out that the ESG and climate-driven investment bubble was destined to burst. This latest report confirms that equity outflows are continuing and that the ESG obsession, which forced the premature retirement of reliable fossil-fuel power generation in favor of unreliable solar and wind, has proven a disaster for grid stability in the age of energy-hungry AI data centers.

https://www.zerohedge.com/markets/esg-hemorrhaging-rages-nine-consecutive-months

Zelensky vows to prevent Russian oil from entering Europe

 Ukrainian President Volodymyr Zelensky said on Friday that "we will still find a way to prevent Russian oil from entering Europe" and criticized Hungarian Prime Minister Viktor Orban, saying "we will not let 'Russians' sell oil there [Hungary]."

In a post on his official Telegram channel, Zelensky stated that Orban is "constantly discussing issues with various important players so that they can influence us" and that he should have "built his election campaign not on hatred for Ukraine, but on friendship." He also warned that it is a "matter of time" and "matter of position" before Ukrainians completely bar Russian oil from entering Europe.

He concluded by declaring that "Russia must lose the war" and its greatest losses would come from the inability to "trade energy resources."

https://breakingthenews.net/Article/Zelensky-vows-to-prevent-Russian-oil-from-entering-Europe/65147253

Senator Daines: GOP likely to reject Dem's offer

 United States senator from Montana, Steven Daines, said during an interview with Fox News on Friday that the Republican Party would likely reject the Democratic Party's most recent proposal to allow the US government to reopen after a closure that started on October 1.

Earlier, top Senate Democrat Chuck Schumer offered a new plan to Republican lawmakers that would include a separate one-year extension of current enhanced tax credits, which are used to lower the cost of health insurance purchased on Affordable Care Act marketplaces.

Schumer's proposal eliminates the Democratic demand that the short-term funding resolution incorporate an extension of the augmented ACA subsidies, set to expire at the end of December, which was obstructing the Republican House resolution bill from attaining the requisite 60 votes for Senate approval.

https://breakingthenews.net/Article/Senator-Daines:-GOP-likely-to-reject-Dem's-offer/65147266