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Claire Yubin Oh11/28/25

Outages hit CME’s exchange, affecting FX markets and futures on stocks and Treasurys

After yesterday’s holiday, Black Friday was off to an unusual start after an outage at CME, the world’s biggest exchange operator, hit a number of major markets, halting trading in FX markets as well as affecting futures contracts on stocks, Treasurys, and commodities.

CME Group cited a “cooling issue at CyrusOne data centers” in a short statement on its website, which Reuters reported was posted at 2:40 a.m. GMT, and that it was working to “resolve issues in the near term.”

In an update to the banner on its site, CME says that its BrokerTec US Actives and BrokerTec EU are now open, but that its other markets are currently halted.

While CyrusOne has yet to make a statement about the glitch, CME’s electronic trading platform has been run through CyrusOne’s data center in Aurora, Illinois, after the derivatives exchange sold the campus to the operator in 2016. CyrusOne and the city of Aurora recently reached an agreement to address noise complaints over its chillers, per the Chicago Tribune.

A record daily average of 26.3 million contracts traded through CME in October, with CME one of the biggest sources of liquidity for contracts on a number of core markets, including 10Y Treasurys as well as futures on major US indexes such as the S&P 500 and Nasdaq 100.

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S&P 500 closes at a new all-time high despite a slide in AI stocks

It was the 37th record closing high of 2025 for the benchmark index.

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DoorDash, Uber sue NYC over tipping law

According to data from the city, the result was New Yorkers are paying higher fees and tipping less.

Third Party Food Delivery Prices Continue To Rise

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Budget airline stocks dip as Spirit pilots ratify contract that’ll help the carrier stay afloat

Low-cost airlines JetBlue and Frontier are trading lower on Thursday following the news that Spirit Airlines pilots ratified modifications to their labor contract that will lower costs for the carrier, which filed for bankruptcy in August.

According to the Air Line Pilots Association (ALPA), Spirit pilots approved a deal that included “temporary reductions to pay rates and retirement contributions.” Beginning January 1, hourly pay will be reduced 8% and retirement contributions will drop by half from 16% to 8%.

"Spirit pilots made a difficult choice that provides the Company with what it needs from labor to secure financing and complete its restructuring,” said Captain Ryan P. Muller, chairman of the Spirit Airlines Master Executive Council.

Wall Street sees Jetblue and Frontier as the biggest beneficiaries to Spirit’s woes, and both carriers have attempted to purchase Spirit in recent years.

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Planet Labs rips on strong earnings report

Satellite services company Planet Labs was on track for a new record closing high after rising more than 35% in early afternoon trading on Thursday.

The roughly $5 billion company posted better-than-expected quarterly results and guided toward higher-than-expected sales for the current quarter after the close of trading Wednesday.

“AI continues to be a major tailwind as the company is seeing significant demand through enhanced capabilities for its advanced satellite data solutions,” wrote Wedbush tech analyst Dan Ives, adding “We continue to believe the PL is well-positioned at the intersection of Space and AI.” He has an “outperform” — basically a “buy” — rating and a price target of $20 on the stock.

Other satellite services AST SpaceMobile and Rocket Lab also enjoyed a bump on Thursday, seemingly riding the momentum of Planet Labs’ numbers.

Planet Labs Stock Soars After Earnings Report. Why Shares Are Headed to the Moon.

Planet Labs Stock Soars After Earnings Report. Why Shares Are Headed to the Moon.

“AI continues to be a major tailwind as the company is seeing significant demand through enhanced capabilities for its advanced satellite data solutions,” wrote Wedbush tech analyst Dan Ives, adding “We continue to believe the PL is well-positioned at the intersection of Space and AI.” He has an “outperform” — basically a “buy” — rating and a price target of $20 on the stock.

Other satellite services AST SpaceMobile and Rocket Lab also enjoyed a bump on Thursday, seemingly riding the momentum of Planet Labs’ numbers.

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Health insurers rise after the Senate rejects competing healthcare plans

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