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NEWS & MARKETS
The stories behind the numbers.
Four concise updates on the economy, companies and monetary policy, selected from the November 13 Morning Briefing and independently rechecked for this website edition.
Updated November 13, 2026 at 10:08 a.m. EST (15:08 UTC). Sources rechecked today. These are dated news summaries, not a live market tape. The separate provider feeds above retain their own timestamps and may be delayed.
GLOBAL MACROECONOMICS
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UK growth improves, with services doing the lifting
The ONS estimates that UK real GDP rose 0.7% in July–September, following 0.5% growth in the previous quarter. Services expanded 0.9%, but construction fell 0.7%. September alone grew 0.2%, after a flat August. The November 12 figures are an early estimate subject to revision, not a guarantee that the faster quarterly pace will continue.
Office for National Statistics · November 12 release
MARKETS & CORPORATE NEWS
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Cisco raises its outlook as networking sales surge
Cisco reported $18.5 billion of revenue for the quarter ended October 24, up 24% year over year. Networking sales rose 43%, compared with 1% growth in services. GAAP earnings were $1.14 per share; adjusted earnings were $1.40. Management now projects fiscal-2027 revenue of $74.8–$75.8 billion. That outlook remains a company forecast, not a completed result.
Cisco · November 12 company results
MARKETS & CORPORATE NEWS
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Applied Materials reports record quarterly revenue
Applied Materials reported fiscal-fourth-quarter revenue of $10.41 billion, up 53% from a year earlier, and GAAP earnings of $3.40 per share. Operating cash flow was $3.30 billion. The company returned $2.42 billion through repurchases and dividends. Management attributes demand partly to AI investment; continued growth is an expectation, not something these historical results can establish.
Applied Materials · November 12 results; quarter ended October 25
GEOPOLITICS & POLICY
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Fed changes its tentative 2027 meeting calendar
The Federal Reserve’s November 12 schedule sets aside October 26–27, 2027 for discussion of broad monetary-policy strategy, rather than the usual second-day policy announcement. Its final listed meeting of 2027 is November 16–17. This is a tentative calendar update. It does not, by itself, signal whether interest rates will rise or fall.
Federal Reserve · November 12 announcement
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