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President Donald Trump indicated Sunday that he plans to meet with New York City’s mayor-elect Zohran Mamdani and said they’ll work something out,” in what could be a detente for the Republican president and Democratic political star who have cast each other as political foils. Trump has for months slammed Mamdani, falsely labeling him as a communist and predicting the ruin of his hometown, New York, if the democratic socialist was elected. He also threatened to deport Mamdani, who was born in Uganda and became a naturalized American citizen, and to pull federal money from the city. Mamdani rose from an obscure state lawmaker to become a social media star and symbol of the resistance against Trump during his mayoral campaign. He campaigned on an array of progressive policies and a message that was stark in its opposition to the aggressive, anti-immigrant agenda Trump has rolled out in his second White House term. The 34-year-old appealed to a broad cross-section of New Yorkers and defeated one of its political heavyweights, former Gov. Andrew Cuomo, by nearly 9 percentage points. In his election night victory speech, Mamdani said he wanted New York to show the country how to defeat the president. But the day after, while speaking about his plans for Trump-proofing New York once he takes office in January, the incoming mayor also said he was willing to work with anyone, including the president, if it can help New Yorkers. Representatives for Mamdani did not have an immediate comment Sunday night on the presidents remarks, but a spokesperson pointed to the mayor-elects remarks last week when he said he planned to reach out to the White House because this is a relationship that will be critical to the success of the city. Trump expressed a similar sentiment on Sunday. The mayor of New York, I will say, would like to meet with us. Well work something out,” Trump told reporters as he prepared to fly back to Washington after spending the weekend in Florida. White House press secretary Karoline Leavitt clarified shortly after that Trump was referring to Mamdani and said no date had been set for such a meeting. “We want to see everything work out well for New York, Trump said. Trump’s comments came as he also said the U.S. may hold discussions soon with Venezuelan President Nicolás Maduro, after a military buildup near the South American country: Ill talk to anybody,” Trump said. Michelle L. Price and Chris Megerian, Associated Press Associated Press writer Jake Offenhartz contributed to this report.
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As of this writing, shares in Quantum Computing Inc. (Nasdaq: QUBT) are spiking in premarket trading, with the stock price up over 15%. Thats a relatively large swing, even for a quantum computing firm, where stocks have been especially volatile this year. Here’s what to know: Why is QUBT rising today? While quantum computing stocks have been volatile this year due in part to the speculative nature of the space, the main reason for Quantum Computings share price surge this morning seems more to do with the companys finances than just standard run-of-the-mill quantum speculation. On Friday, Quantum Computing Inc. released its third-quarter 2025 financialsand the company announced an unexpected earnings and revenue beat. As noted by Investors Business Daily, Quantum Computing reported earnings per share of 1 cent. Investors had been expecting the company to post a 6-cent-per-share loss. The company also reported revenue for the quarter of $384,000. Analysts had been expecting revenue of just $100,000. In a press release announcing its revenue beat, Quantum Computing said that the revenue increase is primarily due to increases in the number of, size of and level of effort performed on research and development services and custom hardware contracts. Stocks reaction underscores quantum computing volatility A quarterly revenue of just $384,000 might not excite investors in many other companies, but the revenue jump at Quantum Computing Inc. seems to have sparked a rally. A little good news sent QUBT shares surging 15% this morning in premarketgood for QUBT shareholders. Yet those same moves also highlight the volatility of QUBT sharesand quantum computing stocks in general. While QUBT is getting a boost today, as of Fridays close, the stocks price was down nearly 36% year to date. And yet, that included a nearly 19% gain over the last six months and also a nearly 51% drop over the past month. Those highs and lows underscore quantum computings volatility as Wall Street digests day-to-day news about the industry and navigates varying opinions on whether the technology will usher in the computing revolution that many exerts believe it will. But today, at least in premarket, it seems like QUBT is experiencing what most investors would consider good volatility, with its 15% gains. But where the stock goes from here is anyones guess. Over the last year, the stock has risen more than 140%.
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E-Commerce
Unsuspecting Netflix (Nasdaq: NFLX) investors might be startled this morning if they glance at a stock price chart for shares in the TV streamer. As of the time of this writing, popular stock tracking sites like Yahoo Finance and apps like Apple Stocks are showing that Netflixs shares dropped more than 90% on Friday, when they began the day trading at more than $1,100. Those same charts now show that NFLX shares are trading at just around $111 each. But dont panic. Netflixs shares havent actually lost 90% of their value. NFLX stock just split. Heres what you need to know. Why are Netflix shares trading so ‘low’? Netflix shares are currently trading at around $111 in premarket. Thats roughly 90% less than where the stock was trading when the bell closed on Friday. So whats happened? Netflix shares did indeed trade at over $1,100 on Friday (the companys shares have traded in the four-digits for months). But when markets closed on Friday, Netflix initiated its previously planned 10-for-1 stock split. As Fast Company previously reported, Netflix announced in October that it would split its stock 10-for-1 after the close of the market on Friday, November 14. NFLX shares would begin trading at their new split-adjusted price when markets opened on Monday, November 17, which is today. So that dramatic stock price fall that you are seeing on some financial charts this morning isnt actually a fall in the value of Netflixs stock. Its just a temporary display of the difference between the pre- and post-split adjustment in Netflixs share price. And even though Netlfixs shares are trading at 90% less than they were on Friday, qualifying investors who owned the shares that day will find they now have nine additional NFLX shares for each one they previously had, meaning the total value of their Netflix shares are the same (provided they did not sell any between then and now, and adjusting for any early-morning trading increase or decrease today, of course). Why did Netflix split its stock? Companies split their shares for a variety of reasons. In Netflixs case, when the streaming TV giant announced its share price split on October 30, it said it was doing so to reset the market price of the Company’s common stock to a range that will be more accessible to employees who participate in the Company’s stock option program. Many large companies offer employee stock purchase plans that let their employees buy shares at a slight discount on a monthly or quarterly basis. When employees buy stock in the company they work for, it generally incentivizes them to ensure the company performs as well as possible, so their personal shares increase in value. The problem for Netflix was that its shares were trading at over $1,000 apiece and, even with its employee purchase plan discounts, that put even a single share of the company out of reach for many employees. But with the stock now trading at around $111 per share, a single share is much more affordable to the average employee. Could Netflixs stock split benefit its share price? Its important to note that stock splits dont change the fundamental value of a company. A company with 10 shares valued at $1,000 each is worth the same when it is composed of 100 outstanding shares valued at $100 each. The total value of all the companys shares remains the same pre- and post-split. However, the lower value of a post-split share can make the stock more attractive to retail investors, who normally might balk at (or be unable to afford) a single share valued at $1,000. Those same investors may decide, or now be able to afford for the first time, to pick up shares in the same company if a single share now costs only a few hundred dollars. And if more retail investors start buying shares post-split because the individual share price is now more affordable, that could boost the companys stock price. In this way, share splits can potentially benefit a company’s stock pricenot because of the split itself, but because investors react to the stock’s now lower price. Whether that potential benefit actually materializes in Netflixs stock remains to be seen.
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