Bezos’s ‘darkest day’ and the limits of billionaire-backed media<\/h2>\n\nYahoo Finance’s Hamza Shaban reports:<\/p>\n
Jeff Bezos came, he saw, he conquered.<\/p>\n
Maybe not in the way you’d expect from a onetime financial savior of an iconic newspaper. There are now two Bezos eras at the Washington Post: The first started when he rescued it in 2013. The second began when he saw it gutted, blessing mass layoffs the company executed on Wednesday.<\/p>\n
… On social media and in news coverage in the aftermath, Post employees, the labor union, and alumni (myself included) strongly criticized the decision.<\/p>\n
Others have pointed to more recent moves by Bezos.<\/p>\n
Leading up to the Post’s deep cuts, several media observers highlighted Amazon’s enormous budget to produce and market the new documentary “Melania,” about first lady Melania Trump.<\/p>\n
Amazon’s extraordinary spending prompted questions about the movie working as a kind of bribe from Bezos to the White House. (Amazon says they licensed the movie because they think people will love it. The film’s Rotten Tomatoes scores and box office numbers have inspired a news cycle of their own.)<\/p>\n
But the splashy Melania rollout provided an ugly contrast to the austerity Bezos was serving down to the Post’s newsroom. In the worst light, critics said Bezos was willing to burn money to please the president but was now unwilling to do so for journalism in the public interest.<\/p>\n
Read more here<\/em> in the takeaway from today’s Morning Brief.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Nio stock jumps after Chinese EV maker expects to turn profitable<\/h2>\n\nChinese EV maker Nio (NIO) sent its shareholders a profit alert on Thursday morning, letting them know that the company expects to post its first-ever profit in the fourth quarter.<\/p>\n
Nio said it will see an adjusted profit from operations of 200 million Chinese yuan (approximately $29 million) to 700 million yuan (approximately $100 million).<\/p>\n
The company attributed the profit to sustained sales growth, improved margins from its product mix, and ongoing cost-cutting measures.<\/p>\n
Nio stock popped 6% in premarket trading.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n
- \n\n\n
![\"Jenny](\"https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/Mu961r2aioIDU88sl1pWxA--~B\/Zmk9ZmlsbDtoPTQwO3B5b2ZmPTA7dz00MDthcHBpZD15dGFjaHlvbg--\/https:\/\/o.aolcdn.com\/images\/dims?image_uri=https%3A%2F%2Fo.aolcdn.com%2Fimages%2Fdims%3Fimage_uri%3Dhttps%253A%252F%252Fs.yimg.com%252Fos%252Fcreatr-uploaded-images%252F2024-10%252F82cf5f80-8bd8-11ef-babf-b4e662504245%26compress%3D1%26progressive%3D1%26quality%3D75%26client%3Dhawkeye%26signature%3Deba9c6bf409177b1a8c7fa8257231200b686e99c&compress=1&progressive=1&quality=75&client=hawkeye&signature=839dce8d897765d2f2bd1f7dbbf52134bb20dcb4\")
<\/div>\n<\/p><\/div>\n\n\n\nEst\u00e9e Lauder shares tumble as tariff concerns overshadow strong Q2 results<\/h2>\n\nEstee Lauder (EL) shares slumped 10% before the bell on Thursday, despite beating analysts’ estimates on earnings per share and revenue, as tariff woes sent the beauty group’s shares tumbling.<\/p>\n
Investing.com reports:<\/p>\n
Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Premarket trending tickers: Strategy, Tapestry and Baidu<\/h2>\n\nStrategy (<\/strong>MSTR<\/strong>)<\/strong> stock fell over 5% during premarket hours on Thursday after bitcoin (BTC-USD) fell below 70,000. Strategy is one of the largest corporate holders of cryptocurrency.<\/p>\nTapestry (<\/strong>TPR<\/strong>)<\/strong> stock rose 5% before the bell. Coach’s parent company beat analysts’ estimates on revenue and raised its full-year guidance.<\/p>\nBaidu (<\/strong>BIDU<\/strong>)<\/strong> US-listed shares rose 5% before the bell on Thursday after announcing plans to issue its first dividend to shareholders, along with a three-year stock buyback program worth $5 billion.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Trillion-dollar tech wiipeout ensnares all stocks in AI\u2019s path<\/h2>\n\nFrom Bloomberg:<\/p>\n
Read more here<\/em>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Bitcoin sinks after Treasury Secretary Bessent says US government can’t tell banks to bail out crypto<\/h2>\n\nBitcoin (BTC-USD) tumbled, falling $71,000 per token on Thursday after Treasury Secretary Scott Bessent suggested the US government would not bail out the cryptocurrency.<\/p>\n
But the leading cryptocurrency was paring deeper overnight losses in the wake of Bessent’s comments, after entering the key mid-$70,000 support region.<\/p>\n
Yahoo Finance’s Ines Ferr\u00e9 and Grace O’Donnell report:<\/p>\n
Read more here<\/em>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Snap reports upbeat fourth quarter revenue as holiday season boosts ad spending<\/h2>\n\nSnap (SNAP) stock galloped higher after a strong holiday quarter for advertising lifted earnings above Wall Street’s estimates.<\/p>\n
Snap stock rose 6% before the bell on Thursday.<\/p>\n
For the fourth quarter, the video messaging app reported revenue of $1.71 billion and earnings per share of $0.03. That beat Wall Street estimates of $1.7 billion in revenue and a $0.03 loss per share, according to S&P Global Market Intelligence.<\/p>\n
Reuters reports:<\/p>\n
Read more here.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
E.l.f. Beauty stock jumps on upbeat profit guidance<\/h2>\n\nE.l.f. Beauty (ELF) demonstrated resilience in the fourth quarter following a difficult 2025, with a strong earnings beat and guidance raise.<\/p>\n
The affordable cosmetics manufacturer lifted its full-year 2026 sales outlook to a range of $1.6 billion to $1.61 billion from its previous range of $1.55 billion to $1.57 billion. The company also sees greater earnings per share of $3.05-$3.10, an increase from the previous range of $2.80-$2.85.<\/p>\n
The stock soared by as much as 8% in premarket trading on Thursdayas the company looks to regain its footing after higher tariffs and other challenges led the stock to lose 40% in 2025. However, the stock pared some of those gains, perhaps due to lower gross margins amid ongoing tariff costs.<\/p>\n
Last year, the company also acquired Hailey Bieber’s Rhode brand.<\/p>\n
In the fourth quarter, e.l.f. reported better-than-expected earnings per share of $0.65 versus $0.55 expected by Wall Street analysts. Net sales jumped 38% to $489.5 million, topping estimates of $461 million, according to S&P Global Market Intelligence.<\/p>\n
“Our value proposition, powerhouse innovation and disruptive marketing engine continue to fuel our brands,” CEO Tarang Amin said in a statement. “We remain confident in our ability to grow market share and deliver best-in-class growth in beauty, as reflected by our raised fiscal 2026 outlook.”<\/p>\n
Read more about e.l.f.’s quarter from Reuters.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Arm Holdings shares fall as licensing sales miss estimates<\/h2>\n\nArm Holdings shares fall as licensing sales miss estimates.<\/p>\n
From Reuters:<\/p>\n
Read more here.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n<\/div>\n<\/p><\/div>\n\n\n\n
Broadcom jumps as Alphabet raises its capex forecast<\/h2>\n\nBroadcom (AVGO) stock rose 5% before the bell on Thursday following Alphabet’s (GOOG) capital expenditure plans, which surpassed analysts’ expectations.<\/p>\n
Google’s parent company forecast 2026 capital expenditures of $180 billion, news that is a potential boon to Broadcom, which partners with Alphabet on custom chips.<\/p>\n
\u201cThat is an incredible number. We are laughing because that number is so good for the Google cohort,\u201d Ben Reitzes, Melius Research head of technology research, told CNBC.<\/p>\n
Google is not the only company increasing its capex spend to build AI data centers: Oracle (ORCL) is doing the same and raised its forecast to around $50 billion.<\/p>\n
Google’s AI software doesn’t just use Nvidia (NVDA) chips, but it also uses its own tensor processing units (TPUs). For Gemini 3, Google used TPUs, which Broadcom helped to make.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n
- \n\n\n\n\n
Silver’s sudden 17% plunge wipes out two-day recovery from rout<\/h2>\n\nBloomberg reports:<\/p>\n
Silver (SI=F) fell sharply, wiping out a two-day recovery, as the white metal struggled to find a floor following a historic market rout. Gold (GC=F) also declined.<\/p>\n
Spot silver plunged as much as 17% on Thursday, having flickered briefly above $90 an ounce in early Asian trading. After a record-breaking rally that appeared to run too far, too fast, the metal has retreated by more than a third from an all-time high hit on Jan. 29.<\/p>\n
\u201cSentiment seems to have turned soggy across most asset classes, including regional equities and metals,\u201d said Christopher Wong, a strategist at Oversea-Chinese Banking Corp. This has created \u201ca feedback loop amid thin market liquidity,\u201d he said.<\/p>\n
The sudden and sharp decline in precious metals also weighed on sentiment in base metals markets, with copper falling more than 1% to slip below $13,000 a ton. Meanwhile, spot gold dropped as much as 3.5% in choppy trading.<\/p>\n
Read more here.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n- \n\n\n\n\n
Qualcomm stock dives as memory chip shortage weighs on financial outlook<\/h2>\n\nQualcomm (QCOM) stock fell around 11% in premarket trading on Thursday after the chip designer’s results beat on the top and bottom lines but its forecast was lighter than expected. A memory chip shortage stemming from data center developers scooping up chips and chipmakers shifting production to cater to AI demand added pressure to the company’s outlook.<\/p>\n
In the fiscal first quarter, the company said revenue increased 5% year over year to $12.3 billion, while earnings per share rose to $2.78. Qualcomm beat analyst estimates on the top and bottom lines, with consensus estimates forecasting $12.1 billion in revenue and earnings per share of $2.75, according to S&P Global Market Intelligence.<\/p>\n
However, the outlook for the fiscal second quarter dimmed as a supply crunch in memory chips weighs on margins and the smartphone market.<\/p>\n
Second quarter revenue is expected in the range of $10.2 billion to $11 billion (analysts were looking for $11 billion at the midpoint). Adjusted diluted earnings per share are expected to be in the range of $2.45 to $2.65 (the Street was hoping for $2.87).<\/p>\n
“While our near-term handsets outlook is impacted by industry-wide memory supply constraints, we are encouraged by end-consumer demand for premium and high tier smartphones, and remain on track to achieve our fiscal 2029 revenue goals,\u201d Qualcomm CEO Cristiano Amon said in the earnings release.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n
- \n\n\n\n\n
Computer makers debate turning to Chinese chip makers to combat supply deficit<\/h2>\n
Yahoo Finance’s Hamza Shaban reports:<\/p>\n
Jeff Bezos came, he saw, he conquered.<\/p>\n
Maybe not in the way you’d expect from a onetime financial savior of an iconic newspaper. There are now two Bezos eras at the Washington Post: The first started when he rescued it in 2013. The second began when he saw it gutted, blessing mass layoffs the company executed on Wednesday.<\/p>\n
… On social media and in news coverage in the aftermath, Post employees, the labor union, and alumni (myself included) strongly criticized the decision.<\/p>\n
Others have pointed to more recent moves by Bezos.<\/p>\n
Leading up to the Post’s deep cuts, several media observers highlighted Amazon’s enormous budget to produce and market the new documentary “Melania,” about first lady Melania Trump.<\/p>\n
Amazon’s extraordinary spending prompted questions about the movie working as a kind of bribe from Bezos to the White House. (Amazon says they licensed the movie because they think people will love it. The film’s Rotten Tomatoes scores and box office numbers have inspired a news cycle of their own.)<\/p>\n
But the splashy Melania rollout provided an ugly contrast to the austerity Bezos was serving down to the Post’s newsroom. In the worst light, critics said Bezos was willing to burn money to please the president but was now unwilling to do so for journalism in the public interest.<\/p>\n
Read more here<\/em> in the takeaway from today’s Morning Brief.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Chinese EV maker Nio (NIO) sent its shareholders a profit alert on Thursday morning, letting them know that the company expects to post its first-ever profit in the fourth quarter.<\/p>\n Nio said it will see an adjusted profit from operations of 200 million Chinese yuan (approximately $29 million) to 700 million yuan (approximately $100 million).<\/p>\n The company attributed the profit to sustained sales growth, improved margins from its product mix, and ongoing cost-cutting measures.<\/p>\n Nio stock popped 6% in premarket trading.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Estee Lauder (EL) shares slumped 10% before the bell on Thursday, despite beating analysts’ estimates on earnings per share and revenue, as tariff woes sent the beauty group’s shares tumbling.<\/p>\n Investing.com reports:<\/p>\n Read more here. <\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Strategy (<\/strong>MSTR<\/strong>)<\/strong> stock fell over 5% during premarket hours on Thursday after bitcoin (BTC-USD) fell below 70,000. Strategy is one of the largest corporate holders of cryptocurrency.<\/p>\n Tapestry (<\/strong>TPR<\/strong>)<\/strong> stock rose 5% before the bell. Coach’s parent company beat analysts’ estimates on revenue and raised its full-year guidance.<\/p>\n Baidu (<\/strong>BIDU<\/strong>)<\/strong> US-listed shares rose 5% before the bell on Thursday after announcing plans to issue its first dividend to shareholders, along with a three-year stock buyback program worth $5 billion.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n From Bloomberg:<\/p>\n Read more here<\/em>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Bitcoin (BTC-USD) tumbled, falling $71,000 per token on Thursday after Treasury Secretary Scott Bessent suggested the US government would not bail out the cryptocurrency.<\/p>\n But the leading cryptocurrency was paring deeper overnight losses in the wake of Bessent’s comments, after entering the key mid-$70,000 support region.<\/p>\n Yahoo Finance’s Ines Ferr\u00e9 and Grace O’Donnell report:<\/p>\n Read more here<\/em>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Snap (SNAP) stock galloped higher after a strong holiday quarter for advertising lifted earnings above Wall Street’s estimates.<\/p>\n Snap stock rose 6% before the bell on Thursday.<\/p>\n For the fourth quarter, the video messaging app reported revenue of $1.71 billion and earnings per share of $0.03. That beat Wall Street estimates of $1.7 billion in revenue and a $0.03 loss per share, according to S&P Global Market Intelligence.<\/p>\n Reuters reports:<\/p>\n Read more here.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n E.l.f. Beauty (ELF) demonstrated resilience in the fourth quarter following a difficult 2025, with a strong earnings beat and guidance raise.<\/p>\n The affordable cosmetics manufacturer lifted its full-year 2026 sales outlook to a range of $1.6 billion to $1.61 billion from its previous range of $1.55 billion to $1.57 billion. The company also sees greater earnings per share of $3.05-$3.10, an increase from the previous range of $2.80-$2.85.<\/p>\n The stock soared by as much as 8% in premarket trading on Thursdayas the company looks to regain its footing after higher tariffs and other challenges led the stock to lose 40% in 2025. However, the stock pared some of those gains, perhaps due to lower gross margins amid ongoing tariff costs.<\/p>\n Last year, the company also acquired Hailey Bieber’s Rhode brand.<\/p>\n In the fourth quarter, e.l.f. reported better-than-expected earnings per share of $0.65 versus $0.55 expected by Wall Street analysts. Net sales jumped 38% to $489.5 million, topping estimates of $461 million, according to S&P Global Market Intelligence.<\/p>\n “Our value proposition, powerhouse innovation and disruptive marketing engine continue to fuel our brands,” CEO Tarang Amin said in a statement. “We remain confident in our ability to grow market share and deliver best-in-class growth in beauty, as reflected by our raised fiscal 2026 outlook.”<\/p>\n Read more about e.l.f.’s quarter from Reuters.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Arm Holdings shares fall as licensing sales miss estimates.<\/p>\n From Reuters:<\/p>\n Read more here.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Broadcom (AVGO) stock rose 5% before the bell on Thursday following Alphabet’s (GOOG) capital expenditure plans, which surpassed analysts’ expectations.<\/p>\n Google’s parent company forecast 2026 capital expenditures of $180 billion, news that is a potential boon to Broadcom, which partners with Alphabet on custom chips.<\/p>\n \u201cThat is an incredible number. We are laughing because that number is so good for the Google cohort,\u201d Ben Reitzes, Melius Research head of technology research, told CNBC.<\/p>\n Google is not the only company increasing its capex spend to build AI data centers: Oracle (ORCL) is doing the same and raised its forecast to around $50 billion.<\/p>\n Google’s AI software doesn’t just use Nvidia (NVDA) chips, but it also uses its own tensor processing units (TPUs). For Gemini 3, Google used TPUs, which Broadcom helped to make.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Bloomberg reports:<\/p>\n Silver (SI=F) fell sharply, wiping out a two-day recovery, as the white metal struggled to find a floor following a historic market rout. Gold (GC=F) also declined.<\/p>\n Spot silver plunged as much as 17% on Thursday, having flickered briefly above $90 an ounce in early Asian trading. After a record-breaking rally that appeared to run too far, too fast, the metal has retreated by more than a third from an all-time high hit on Jan. 29.<\/p>\n \u201cSentiment seems to have turned soggy across most asset classes, including regional equities and metals,\u201d said Christopher Wong, a strategist at Oversea-Chinese Banking Corp. This has created \u201ca feedback loop amid thin market liquidity,\u201d he said.<\/p>\n The sudden and sharp decline in precious metals also weighed on sentiment in base metals markets, with copper falling more than 1% to slip below $13,000 a ton. Meanwhile, spot gold dropped as much as 3.5% in choppy trading.<\/p>\n Read more here.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n Qualcomm (QCOM) stock fell around 11% in premarket trading on Thursday after the chip designer’s results beat on the top and bottom lines but its forecast was lighter than expected. A memory chip shortage stemming from data center developers scooping up chips and chipmakers shifting production to cater to AI demand added pressure to the company’s outlook.<\/p>\n In the fiscal first quarter, the company said revenue increased 5% year over year to $12.3 billion, while earnings per share rose to $2.78. Qualcomm beat analyst estimates on the top and bottom lines, with consensus estimates forecasting $12.1 billion in revenue and earnings per share of $2.75, according to S&P Global Market Intelligence.<\/p>\n However, the outlook for the fiscal second quarter dimmed as a supply crunch in memory chips weighs on margins and the smartphone market.<\/p>\n Second quarter revenue is expected in the range of $10.2 billion to $11 billion (analysts were looking for $11 billion at the midpoint). Adjusted diluted earnings per share are expected to be in the range of $2.45 to $2.65 (the Street was hoping for $2.87).<\/p>\n “While our near-term handsets outlook is impacted by industry-wide memory supply constraints, we are encouraged by end-consumer demand for premium and high tier smartphones, and remain on track to achieve our fiscal 2029 revenue goals,\u201d Qualcomm CEO Cristiano Amon said in the earnings release.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\nNio stock jumps after Chinese EV maker expects to turn profitable<\/h2>\n
<\/div>\n<\/p><\/div>\n
Est\u00e9e Lauder shares tumble as tariff concerns overshadow strong Q2 results<\/h2>\n
<\/div>\n<\/p><\/div>\n
Premarket trending tickers: Strategy, Tapestry and Baidu<\/h2>\n
Trillion-dollar tech wiipeout ensnares all stocks in AI\u2019s path<\/h2>\n
Bitcoin sinks after Treasury Secretary Bessent says US government can’t tell banks to bail out crypto<\/h2>\n
Snap reports upbeat fourth quarter revenue as holiday season boosts ad spending<\/h2>\n
E.l.f. Beauty stock jumps on upbeat profit guidance<\/h2>\n
Arm Holdings shares fall as licensing sales miss estimates<\/h2>\n
<\/div>\n<\/p><\/div>\n
Broadcom jumps as Alphabet raises its capex forecast<\/h2>\n
Silver’s sudden 17% plunge wipes out two-day recovery from rout<\/h2>\n
Qualcomm stock dives as memory chip shortage weighs on financial outlook<\/h2>\n
Computer makers debate turning to Chinese chip makers to combat supply deficit<\/h2>\n