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  • Earnings Live: Palantir Stock Pops on Raised Outlook; Hims Performance Insights

    Earnings Live: Palantir Stock Pops on Raised Outlook; Hims Performance Insights

    Understanding Earnings Reports

    Earnings reports are financial statements that publicly traded companies release on a quarterly basis. These documents provide a comprehensive overview of a company’s financial performance, including key metrics such as revenue, net income, earnings per share (EPS), and operating expenses. Earnings reports play a crucial role in informing investors and analysts about the financial health and operational effectiveness of a company. The data communicated through these reports can significantly influence stock prices, investor sentiment, and even broader market trends.

    One of the primary functions of earnings reports is to facilitate transparency in the financial markets. By disclosing their financial performance, companies provide stakeholders with essential information for making informed investment decisions. Investors closely examine these reports to assess how well a company is performing relative to its projections and the expectations of analysts. For instance, if a company exceeds its earnings forecasts, it may lead to a surge in its stock price, reflecting positive investor sentiment. Conversely, if a company underperforms, it may experience a decline in stock value as confidence wanes.

    Earnings reports typically contain comparisons to previous quarters and the same quarter from the previous year, providing a framework for assessing growth trends. Analysts often interpret these results through the lens of market dynamics, including economic conditions and industry performance. Consequently, earnings announcements can act as catalysts for price volatility in stocks, especially among high-profile companies in sectors that are particularly sensitive to economic fluctuations.

    As investors navigate the complexities of the stock market, understanding the implications of earnings reports becomes paramount. This knowledge is critical not only for making investment decisions but also for gauging the overall economic landscape. In exploring the recent earnings performance of companies like Palantir and Hims, one can appreciate how their respective outlooks can sway market perception and investment behavior.

    Palantir: Overview of the Company

    Palantir Technologies, founded in 2003, is an American software company specializing in big data analytics. Initially focused on the government sector, Palantir quickly established its presence through groundbreaking technology, particularly its flagship products: Palantir Gotham and Palantir Foundry. Gotham serves government agencies, aiding in intelligence and defense operations, while Foundry targets commercial enterprises, providing robust data integration and analytics capabilities that help organizations make informed decisions.

    At its core, Palantir’s business model revolves around enhancing data-driven decision-making processes for its clients. It achieves this through its proprietary software, which allows users to visualize and analyze vast datasets in real time. This functionality is crucial in industries such as finance, healthcare, and manufacturing, where the ability to derive actionable insights from complex data is becoming increasingly important. The company’s strength lies in its ability to aggregate disparate data sources, transforming them into a cohesive, user-friendly analysis platform.

    Palantir’s journey has seen significant milestones that underscore its rapid evolution within the tech industry. It gained notable attention in the early 2010s, thanks to its engagement with government intelligence agencies and the U.S. military. This engagement validated its technology and spurred further growth. As the demand for data analytics expanded across sectors, Palantir strategically transitioned to include commercial clients, leading to diversified revenue streams. The company’s emphasis on innovation and continuous improvement has kept it competitive in a market that is marked by constant change and technological advancements.

    As Palantir continues to evolve, its reliance on data analytics remains central. The mastery of this sector enables the company to maintain a robust position within the tech industry while also ensuring its products remain relevant and essential for its diverse clientele. This foundation of data-centric solutions not only paves the way for Palantir’s future but also highlights the growing significance of data analytics in today’s business landscape.

    Palantir’s Current Earnings Report Highlights

    The latest earnings report from Palantir Technologies has revealed significant growth and promising metrics, which indicate the company’s robust performance in the recent quarter. The report disclosed a revenue growth of 20% year-over-year, surpassing analyst expectations and reinforcing Palantir’s standing in the market as a leader in data analytics. This impressive figure was driven primarily by an increase in commercial contracts and a growing list of government clientele, showcasing the firm’s continued expansion in both sectors.

    Another noteworthy highlight from the earnings report is the company’s profit margins. Palantir reported a gross margin of 78%, which remains consistent with previous quarters and signifies the company’s ability to maintain its operational efficiency. This stability in margins is a crucial aspect, as it demonstrates that Palantir is effectively managing its costs even as it scales operations. Furthermore, its operating margin showed improvement, reflecting the efficiency measures implemented across various departments.

    Earnings per share (EPS) also stood out in the report, with a figure of $0.05, which exceeded the consensus estimate set by analysts. This EPS figure not only showcases the company’s profitability but also aligns with Palantir’s strategy of focusing on sustainable growth rather than short-term gains. Alongside these figures, Palantir also highlighted a significant increase in customer accounts, with a year-over-year growth of 30%, which provides a positive signal for future revenue streams.

    Overall, these figures mark a successful quarter for Palantir, indicating solid fundamentals and emphasizing the company’s direction toward innovation and expansion in its service offerings. These results set a promising precedent for the upcoming quarters, positioning Palantir well in the competitive data analytics landscape.

    Impact of Raised Outlook on Palantir Stock

    The recent upward revision of Palantir Technologies’ financial outlook has led to notable movements in its stock price, capturing the attention of market participants. This optimistic forecast suggests improved expectations for future earnings and revenue growth, which typically prompts healthy responses from investors. Following the announcement, Palantir’s stock experienced a significant rise, reflecting a renewed confidence in the company’s operational capabilities and market demand for its data analytics solutions.

    Initially, the immediate reaction was a surge in buying activity, pushing the stock higher as investors sought to capitalize on the projected growth. This behavior is a common characteristic observed in the stock market when companies demonstrate robust future potential. Furthermore, heightened trading volumes indicated a robust interest from both retail and institutional investors. The positive impact on stock performance can be attributed to a combination of heightened investor sentiment and the anticipation of considerable returns on their investments.

    The raised outlook not only bolstered short-term stock movements but also carries significant implications for Palantir’s long-term growth trajectory. A sustained increase in stock price may enhance investor loyalty and attract new shareholders, as it signals a perceived stability and upward momentum within the company. Moreover, as Palantir continues to excel in securing contracts across various sectors, the raised expectations could translate into tangible results, strengthening its competitive position in the analytics market.

    Ultimately, a positive outlook can serve to fuel further interest in Palantir’s innovative technologies, creating a cycle of growth that may propel the stock price even higher as the company continues to deliver on its promises. As the effects of this raised outlook unfold, stakeholders will be closely monitoring financial results and performance metrics to gauge the sustainability of this bullish sentiment surrounding Palantir’s stock.

    Hims: Company Overview and Market Position

    Founded in 2017, Hims, Inc. has rapidly established itself as a leader in the health and wellness sector, particularly focusing on men’s health and telehealth services. By leveraging technology, Hims offers a range of products designed to address various health concerns such as hair loss, sexual health, skincare, and mental health, among others. This strategic diversification allows the company to cater to a broad audience while maintaining emphasis on specific therapeutic areas that have historically been underrepresented in the traditional healthcare system.

    Hims positions itself uniquely within the telehealth landscape by providing users with an accessible and discreet platform to address sensitive health issues. The company employs a direct-to-consumer approach, facilitating online consultations with licensed medical professionals who can prescribe medications that customers can conveniently obtain through mail. This not only enhances customer privacy but also streamlines the process of acquiring necessary treatments, which is particularly beneficial in today’s fast-paced environment where convenience and discretion are highly valued.

    In terms of market presence, Hims has successfully capitalized on the increasing acceptance of telehealth services, particularly during and after the COVID-19 pandemic, which has accelerated the adoption of online healthcare solutions. The company has invested significantly in marketing strategies that resonate with younger audiences through social media platforms and influencer partnerships. By doing so, Hims has fostered a brand image that resonates with health-conscious consumers who appreciate transparency and accessibility in their healthcare choices.

    Where traditional healthcare models often fall short, Hims’ innovative approach appears to fill critical gaps, providing a compelling alternative for consumers seeking straightforward and effective health solutions. The company’s focus on combining technology with healthcare services not only positions it favorably in the competitive market but also sets a precedent for future developments within the telehealth industry.

    Hims’ Earnings Report Insights

    Hims, a notable player in the health tech industry, recently released its earnings report, showcasing its financial performance and strategic growth metrics. The latest data indicates that Hims experienced a substantial increase in revenue, which is a critical indicator of its strengthening position in the competitive health technology market. Over the past quarter, the company reported a revenue growth rate that surpassed analysts’ expectations, a development that likely reflects the increasing demand for telehealth services and wellness products.

    User growth is another impressive aspect of Hims’ performance, with the company noting a significant uptick in active users. This rise in user engagement suggests successful customer acquisition strategies, which are vital for a health tech company striving to establish a robust market presence. The increase in user base also implies a larger potential for revenue generation, positioning Hims favorably against its competitors.

    Profitability metrics for Hims reveal a promising trend. The company has not only improved its gross margins but has also moved closer to achieving net profitability, a milestone that is crucial for sustainable growth. Investors typically view profitability positively, as it indicates a company’s ability to manage expenses while expanding operations. This fiscal responsibility can bolster investor confidence and appeal, particularly in the health tech space where competition is fierce.

    The market response to Hims’ earnings report has been overwhelmingly positive. Following the announcement, Hims’ stock experienced an upward trajectory, which reflects investor optimism regarding the company’s future performance. This response may indicate a broader recognition of the potential within the health tech sector, especially as digital health solutions gain momentum in a post-pandemic landscape. Overall, Hims’ latest earnings report not only highlights its current standing but also underscores its strategic direction moving forward in the health technology landscape.

    Comparative Analysis: Palantir vs. Hims

    In examining the recent earnings reports of Palantir Technologies and Hims & Hers Health, it is essential to recognize the core differences and similarities between their business models and market strategies. Palantir, a leading data analytics company, focuses on providing software solutions for governmental and corporate clients, harnessing large datasets to offer actionable insights. Its revenue primarily comes from long-term contracts, which positions it as a reliable partner for enterprises requiring robust data management capabilities, particularly in complex environments like defense and intelligence.

    On the other hand, Hims operates within the healthcare sector, specifically addressing telehealth and wellness needs. The company delivers access to affordable health solutions, primarily focusing on men’s and women’s health. Hims relies on a direct-to-consumer model, enhancing its engagement through digital marketing and online platforms. This approach allows Hims to rapidly attract new customers while maintaining agility in adapting to market demands.

    When analyzing their earnings reports, Palantir’s recent guidance highlights a positive trend, reflecting strong growth in both government and commercial sectors. The company’s ability to secure multi-year deals indicates confidence in its market positioning and future revenue generation. Conversely, Hims has demonstrated commendable resilience despite market fluctuations. Their subscription-based model fosters customer loyalty and recurring revenue, essential to sustaining growth in the competitive healthcare landscape.

    Both companies exhibit unique strengths within their distinct markets, with Palantir emphasizing data analysis capabilities and long-term contracts while Hims prioritizes consumer accessibility and the growing demand for telehealth solutions. The ongoing evolution of each organization’s strategies reveals how they adapt to customer needs and market changes, ultimately shaping their respective trajectories in the increasingly dynamic commercial environment.

    Market Reactions: Investors Respond

    The recent earnings reports from Palantir Technologies and Hims have elicited significant reactions from investors, highlighting the varied sentiments across the tech and health sectors. Following the announcement of an improved financial outlook, Palantir’s stock experienced a notable increase, indicating investor confidence in the company’s strategic direction and expansion potential. Social media platforms became a focal point for discussions, with many investors expressing optimism about Palantir’s future, citing the potential for growth in data analytics and artificial intelligence. The general sentiment on platforms like Twitter demonstrated a mix of excitement and caution, with users weighing the implications of the earnings report against broader market conditions.

    In contrast, Hims, a telehealth and wellness company, received a more tempered response from the market. Analysts have varied opinions regarding the long-term viability of its business model, particularly in a sector characterized by rapid shifts in consumer behavior and regulatory challenges. Some investors remain skeptical, suggesting that while the immediate earnings report was positive, the company’s trajectory could be influenced by external factors such as competition and market saturation. Commentary on financial news outlets reflects a cautious outlook, emphasizing the importance of watching Hims’ performance in subsequent quarters post-earnings.

    Furthermore, industry analysts have noted the broader implications of these earnings reports on investor sentiment in the tech and health sectors. Palantir’s success appears to resonate with investors seeking innovative technology solutions, while challenges facing Hims may serve as a cautionary tale. As discussions continue, the focus remains on how these factors will influence investor confidence and portfolio strategies moving forward. The ongoing analyses will help investors navigate the complexities of these sectors, ensuring they remain well-informed about potential risks and opportunities.

    Conclusion and Future Outlook

    The recent earnings reports from Palantir and Hims have elicited considerable interest among investors, particularly due to the notable increase in Palantir’s stock value and the insights provided by Hims regarding its market performance. These outcomes not only shed light on the respective companies’ current standing but also signal potential shifts in their growth trajectories. For Palantir, the raised outlook reflects confidence in its business model, suggesting that the company is poised to expand its client base and enhance its revenue streams moving forward. Particularly, Palantir’s focus on leveraging artificial intelligence and data analytics positions it well within a tech landscape that increasingly prioritizes digital solutions.

    Conversely, Hims’ performance insights reveal both opportunities and challenges that lie ahead. The company’s commitment to health and wellness solutions remains strong, yet it faces the imperative of maintaining competitive pricing while navigating supply chain challenges and regulatory changes. As the telehealth market continues to mature, Hims will need to innovate continually to capture a larger share and differentiate itself from competitors.

    Looking at the broader implications within the tech and wellness industries, one can expect increasing emphasis on technology-driven strategies that enhance customer engagement and operational efficiency. The integration of AI in decision-making processes is likely to trend upward, compelling companies to adapt quickly. This could create an environment of both opportunity and heightened competition. In conclusion, investors should monitor these dynamics closely as they assess Palantir and Hims’ potential for sustained growth in a rapidly changing market landscape. By understanding the implications of these earnings reports, stakeholders can better navigate their investment strategies in the future.

    Earnings Live

  • The NYT’s chief political analyst explains why the polls may be underestimating Trump again

    The NYT’s chief political analyst explains why the polls may be underestimating Trump again

    The New York Times’ top political analyst warned Sunday that pollsters may not have solved the fundamental problems they faced in 2016 and 2020 and may again be underestimating Donald Trump.

    Times writer Nate Cohn warned in X that he “has no idea whether our polls (or any polls) [are] Right explained that the poll’s inevitable bias could skew the results because Democrats dramatically outnumber white Republicans, a Trump voting stronghold, when it comes to responding to pollsters.

    “Four years ago, polls were thought to be underestimating Mr. Trump because of nonresponse bias — in which his supporters were less likely to take polls than demographically similar Biden supporters,” Cohn wrote in an analysis for the Times.

    Most polls show a neck-and-neck race between Donald Trump and Kamala Harris. Reuters

    Cohn, 36, one of the leading election data gurus, stressed that it is difficult to track “nonresponse bias,” but noted that he likes to review the rate at which Democrats and Republicans respond to pollsters in an effort to gain knowledge.

    “In these final polls, white Democrats were 16 percent more likely to respond than white Republicans,” he said. “This raises the possibility that the polls could again underestimate Mr. Trump. We do a lot to account for that, but ultimately there are no guarantees.”

    Cohn also warned that Democrats appear to be suffering from a typical “shrinking” early voting advantage, which could help Republicans on Election Day.

    He thought that given the recent dichotomy between the two parties when it comes to early voting, it’s possible that Trump could get a boost on Election Day, when GOP voters flock to the polls.

    “The pattern is pretty similar across the battlegrounds: Democrats lead in early voting; Republicans lead with what remains, and in either case it’s not by the margins of four years ago, when the pandemic upended the usual patterns of early voting,” he wrote.

    “There’s a little confidence here for the Democrats: They’re counting on a lot of people to vote on Election Day who didn’t vote in 2020 or 2022. Their voting record gives plenty of reason to think they will do that, but if not, the result will soon look very different.”

    The Harris-Walz campaign has significantly outperformed the Trump-Vance campaign. Getty Images

    Trump, 78, has historically opposed early voting, but this election cycle, his campaign has pushed Republicans to cast their ballots early in an effort to maximize grassroots turnout.

    The New York Times and Siena College released a new set of battleground-state polls Sunday that determined six of the seven close primary races as within the margin of error, or too close to call. Arizona, which went hard for Trump, was the only exception.

    “Typically, the final polls show a relatively clear favorite, even if that candidate doesn’t go on to win.” This is not going to be one of those elections,” Cohn said of those results.

    One finding in the New York Times/Siena College poll that piqued the interest of many pollsters was evidence that late decision makers may be favoring Vice President Kamala Harris.

    Given the ball-dancing nature of the competition, this could be decisive in the outcome of the competition. About 8% of voters claimed to have made their decision recently. Of that group, 55% went for Harris compared to 44% for Trump.

    The Trump campaign is looking to win over infrequent voters. AFP via Getty Images

    Overall, Cohn emphasized that he simply does not know how the election will play out and that “nobody does.”

    Some poll enthusiasts have worried that pollsters have “rigged” poll results to make sure their polls aren’t outlandish.

    Experts such as Nate Silver have claimed that there was far less diversity within the 2024 presidential race vote than there should be.

    Cohn has similarly raised concerns about the “herd” of polls and described ways in which polls can also overestimate Republicans.

    “Many pollsters (not us) have adopted heavy-handed practices that give more Republican-leaning samples, out of a potentially but not necessarily justified fear of systematic failure to re-reach Trump voters,” Cohn wrote in X. “The decisions are very more susceptible to participating in this cycle.”

    Trump campaign pollster Tony Fabrizio wrote a memo in response to the latest poll, arguing that its samples are historically skewed to the left.

    “The New York Times is picking an electorate that looks far to the left in 2020, despite the hard facts of voter registration and early voting showing an actual electorate that has shifted just to the right in every state,” Fabrizio wrote in a memo shared by. the campaign.

    “The New York Times even helpfully admitted in their story that they had a harder time reaching Republican voters than they did in their 2020 polls, which were wildly inaccurate,” he added, referring to Cohn’s analysis.

    Right now, Trump and Harris are tied in the latest RealClearPolitics aggregate of national multi-candidate polls.

    Trump is favored in most RCP state poll averages.

    #NYTs #chief #political #analyst #explains #polls #underestimating #Trump
    Image Source : nypost.com

  • New York Times tech staff may walk off the job on Election Day amid ongoing contract disputes

    New York Times tech staff may walk off the job on Election Day amid ongoing contract disputes

    Hundreds of technology workers at the embattled New York Times may vote to walk off the job on Tuesday if the company does not meet their job demands.

    The threatened Election Day walkout, which could critically hamper the paper’s coverage of the presidential vote, comes amid stalled negotiations between the two sides, the Wall Street Journal said.

    “We have made it clear that we must reach an agreement before the election in order to avoid a strike,” the union’s bargaining team wrote to the Times board of directors asking its members to intervene.

    The New York Times Technical Association, which represents about 600 workers at the company, could walk off the job on Election Day. NurPhoto via Getty Images
    The possible departure is said to affect the paper’s coverage of Tuesday’s election. AP

    The stance of the Guild, which represents software engineers, data analysts and designers at The Gray Lady, marks the first test of the union’s labor muscle since it was formed in 2022, the paper said.

    According to the union, members voted to walk off the job by a 95% margin in September if the company does not meet their demands, which include job security in the face of improving AI technology and equal pay for women and union members. minorities.

    Election Day, especially in a presidential election year, typically provides a big spike in readership for news organizations, as is expected to be the case Tuesday with a tight race between former President Donald Trump and Vice President Kamala Harris.

    A Times spokesman told the Journal that the union’s deadline seemed “arbitrary” and said the election day choice “feels both unnecessary and contrary to our mission.”

    The Times Tech Guild, with about 600 members, was formed in 2022 but has yet to have a contract with the company. NurPhoto via Getty Images
    Readership typically booms during presidential elections, as Vice President Kamala Harris faces off against former President Donald Trump. AP

    However, the spokesman said the newspaper has “strong plans to ensure we are able to fulfill our mission and serve our readers”.

    The guild hasn’t had a contract since its founding, but newspaper officials note that its members are among the highest paid at the company with most earning six-figure salaries — with compensation and stock options worth about $190,000 on average.

    “We look forward to continuing to work with the Tech Guild to reach a fair contract, given that they are already among the highest paid individual contributors at the company and journalism is our top priority,” a Times spokesperson said in an email. . on sunday.

    “We are in one of the most important periods of coverage for our readers,” they said.

    On a recent Saturday, union members gathered at Grand Army Plaza in Brooklyn for the benefits.

    The Guild did not immediately respond to a request for comment from The Post on Sunday.

    #York #Times #tech #staff #walk #job #Election #Day #ongoing #contract #disputes
    Image Source : nypost.com

  • NBC censors clip of 49ers star Nick Bosa wearing MAGA hats from social media sources

    NBC censors clip of 49ers star Nick Bosa wearing MAGA hats from social media sources

    San Francisco 49ers star defensive end Nick Bosa donned a MAGA hat and bombed NBC’s postgame interview following the team’s win over the Dallas Cowboys on Sunday night, but the network initially removed the gesture from clips it posted on social media. .

    The incident happened at Levi’s Stadium in Santa Clara Sunday night after the Niners’ 30-24 win over Dallas, which aired on NBC’s “Sunday Night Football.”

    NBC sideline reporter Melissa Stark interviewed three of the Niners’ standout performers from the game — quarterback Brock Purdy, George Kittle and running back Isaac Guerendo.

    At the start of the segment, Bosa, who is known as a supporter of former President Donald Trump, walked up behind the group and into the camera’s field of view.

    San Francisco 49ers star Nick Bosa photobombed a postgame interview following the team’s win over Dallas on Sunday. Sunday Night Football / NBC
    Bosa wore a Make America Great Again hat during the broadcast. Sunday Night Football / NBC
    Bosa’s appearance was left out of the initial clip that NBC posted on social media.

    Wearing a white hat emblazoned with the slogan “Make America Great Again,” he walked up behind Stark and Purdy and gestured with both hands as if to draw attention to the pro-Trump hat.

    Bosa appeared for a few seconds before leaving. After the short break, Stark continued the postgame interview with three Niners.

    NBC posted the clip of the postgame interview, though the version that was released did not include Bosa’s pro-Trump appearance, according to news site Outkick.

    When social media users apparently protested the edit, NBC deleted the edited version.

    On Monday morning, however, she posted the full, unedited video showing Stark’s interview and Bosa’s entrance into the frame.

    The Post has sought comment from NBC.

    Bosa is seen far left with Trump and Bengals quarterback Joe Burrow. @DanScavino/X
    Bosa, a former Ohio State standout, is an outspoken Trump supporter. AP

    When reporters asked Bosa for comment on the gesture, he said: “I’m not going to talk too much about it, but I think it’s an important time.”

    Trump, who is running against Vice President Kamala Harris, is seeking a second term in the White House. Voters will vote on November 5.

    Bosa was an outspoken supporter of Trump during his collegiate playing days at Ohio State.

    After Bosa was drafted by the 49ers in 2019, he deleted his social media accounts of posts that praised Trump and were critical of Colin Kaepernick, the former quarterback who began kneeling during the national anthem in 2016 to protest the brutality of the police.

    #NBC #censors #clip #49ers #star #Nick #Bosa #wearing #MAGA #hats #social #media #sources
    Image Source : nypost.com

  • USA Today and 200 other Gannett-owned newspapers that do not support the presidential candidate

    USA Today and 200 other Gannett-owned newspapers that do not support the presidential candidate

    Gannett-owned USA Today and more than 200 other chain newspapers will not endorse a presidential candidate — joining the Washington Post and Los Angeles Times in choosing to remain silent in next week’s election .

    “None of the USA Today Network publications endorses the presidential or national races,” USA Today spokesperson Lark-Marie Antón told The Hill.

    Antón said that while Gannett-owned publications will not endorse candidates in national races, they do have the “discretion” to endorse at a state or local level.

    USA Today and more than 200 other Gannett-owned newspapers will not endorse candidates in national races. Los Angeles Times via Getty Images

    “Many have decided not to support individual candidates, but instead to endorse key local and state issues on the ballot that affect the community,” Antón told the Hill.

    “Why are we doing this? Because we believe that the future of America is decided at the local level – one race at a time,” said Antón.

    “And with more than 200 publications nationwide, our public service is to provide readers with the facts that matter and the reliable information they need to make informed decisions.”

    Gannett owns newspapers in major states that include the Arizona Republic and the Detroit Free Press.

    Washington Post owner Jeff Bezos wrote an op-ed in his newspaper Monday defending his decision not to endorse a presidential candidate, calling it “fair” and “principled.”

    Amazon’s founder pushed back against any notion that he ordered it to protect his business interests.

    The decision, announced on Friday, is said to have led to tens of thousands of people canceling their subscriptions and protests by journalists with a deep history at the paper.

    Jeff Bezos blocked the Washington Post editorial board from endorsing Kamala Harris. AFP via Getty Images

    The Post editorial board was prepared to back Harris before publisher Will Lewis wrote instead that readers would be better off making up their own minds.

    Bezos, in “a note from our owner” published Monday evening, said editorial endorsements create a perception of bias at a time when many Americans distrust the media and do nothing to tip the election scales.

    “Terminating them is a principled decision and it’s the right one,” Bezos said.

    Polls show Harris in a virtual tie with former President Donald Trump. Reuters

    Bezos wrote that he wished the decision to end presidential endorsements had been made earlier, “at a time away from the election and the excitement surrounding it. This was inadequate planning and not any deliberate strategy.”

    NPR reported Monday that more than 200,000 people have canceled their subscriptions to the paper, citing “two people at the paper with knowledge of internal affairs.”

    A Washington Post spokeswoman would not comment on NPR’s report.

    WaPo’s decision came just days after the Los Angeles Times also said it would not endorse a presidential candidate, a decision the paper has acknowledged cost it thousands of subscribers.

    By postal wire

    #USA #Today #Gannettowned #newspapers #support #presidential #candidate
    Image Source : nypost.com

  • Kamala Harris Blames Trump, Destroys Billionaire ‘Club’ For Washington Post Disapproval

    Kamala Harris Blames Trump, Destroys Billionaire ‘Club’ For Washington Post Disapproval

    Vice President Kamala Harris said she was disappointed Tuesday by the decisions of major liberal newspapers such as the Washington Post and Los Angeles Times not to offer endorsements this election cycle.

    During an appearance on “The Breakfast Club,” host Charlamagne the God asked Harris how he felt about major news outlets like the WaPo and LA Times choosing to drop an endorsement after years of consistent and enthusiastic support for Democratic candidates for The White House.

    Both the WaPo (owned by Jeff Bezos) and the LA Times (Patrick Soon-Shiong) have billionaire owners who canceled endorsements late in the election cycle.

    Harris said those decisions were “disappointing, no doubt” and pointed the finger at her opponent, suggesting the former president only cares about the “billionaires in Donald Trump’s club.”

    She also claimed that Trump would offer a massive tax cut to the wealthiest Americans if he were returned to office.

    “He’s not sitting around thinking about what he can do to take care of your grandma and grandpa,” Harris said.

    Kamala Harris said those disapprovals were “disappointing, no doubt” and pointed the finger at her opponent, Donald Trump. C Flanigan/imageSPACE/Shutterstock

    “He’s thinking about people like him or him and all his grievances and all that angers him about how he’s been treated personally, as opposed to worrying about how you’ve been treated and what his responsibility is to lift you up .”

    Bezos wrote an op-ed defending The Post’s decision not to endorse a presidential candidate in the 2024 race, which was announced last week and caused an uproar among the paper’s staff and liberal readers.

    The billionaire founder of Amazon, who bought The Post in 2013, insisted that newspaper endorsements “do nothing to tip the scales” but instead “create a perception of bias.”

    He doubled down on the Post’s decision to end its presidential endorsements, saying it’s a “principled decision and it’s the right one.”

    Bezos wrote an op-ed defending WaPo’s decision not to endorse a presidential candidate in the 2024 race. AFP via Getty Images

    Soon-Shiong told the LA Times that he had no regrets about his paper not endorsing a candidate, arguing that he thought it would create further mistrust among readers.

    The decisions have been criticized by some Democrats and media pundits, and the fallout has also included hundreds of thousands of canceled newspaper subscriptions and resignations from some employees.

    On Monday, MSNBC host Mika Brzezinski said Trump “forced” the WaPo editorial board not to endorse Harris in the race during an interview on ABC’s “The View.”

    The board was reportedly poised to offer an endorsement to Harris before the plug was pulled at the last minute.

    “He got the Washington Post and Jeff Bezos, who is supposed to be a powerful and brilliant billionaire. It caused Bezos to retire, head of Amazon. Runs the Washington Post, owns it… He forced them not to support him. This is very scary, guys,” said Brzezinski.

    The decisions have been criticized by some Democrats and pundits in the media — and the fallout has also included hundreds of thousands of canceled subscriptions. Bloomberg via Getty Images

    The Post’s editorial board endorsed Hillary Clinton over Trump in 2016 and President Biden in 2020.

    The Post’s editorials on Trump over the years have been extremely hostile, at one point referring to him as the worst president in modern history.

    Fox News Digital reached out to the Washington Post for comment.

    Fox News’ Hanna Panreck contributed to this report.

    #Kamala #Harris #Blames #Trump #Destroys #Billionaire #Club #Washington #Post #Disapproval
    Image Source : nypost.com

  • CNN suspends pro-Trump commentator for ‘beeper’ joke directed at Muslim journalist Mehdi Hasan

    CNN suspends pro-Trump commentator for ‘beeper’ joke directed at Muslim journalist Mehdi Hasan

    CNN has fired a conservative pundit after he joked with left-wing Muslim commentator Mehdi Hasan during a brief exchange on “CNN NewsNight with Abby Phillip.”

    It started when guest panelist Ryan Girdusky pointed out that Hasan has been called an antisemite. Hassan said he was “used to” the label because he is a vocal supporter of the Palestinians.

    Conservative commentator Ryan Girdusky rightfully drew ire when he said he hoped “fellow panelist Mehdi Hasan’s beeper doesn’t go off” after he said he supports the Palestinians on an episode of CNN NewsNight with Abby Phillip. CNN

    “Well, I hope your beeper doesn’t go off,” Girdusky said — apparently referring to Israel’s coordinated attack on Hezbollah last month that saw thousands of pagers used by Lebanese terrorists go off simultaneously.

    Shocked by the remark, Mehdi asked Girdusky if he wanted to kill himself. CNN

    The comment drew immediate rebuke from the other panellists, with Mehdi pointedly asking: “Are you saying I should die?”

    Host Abby Phillip tried to rein in the panelists as the argument escalated. Medhi again accused Girdusky of threatening him, saying, “Are you saying I should be killed on CNN?”

    Girdusky appeared to push back – asking if Medhi was saying he supported Hamas. The British-American journalist replied: “Of course he did not support Hamas.

    Girdusky replied: “Well, then I apologize.”

    That apology only made matters worse, with Phillip and the other guests blasting Girdusky for what they called “disgusting” and “racist.”

    A few hours after the show, CNN released a statement denouncing Girdusky.

    The panel erupted in outrage, labeling Girdusky’s comment “racist” and “disgusting.”

    “There is no place for racism or bigotry on CNN or on our broadcast,” the statement read in part, noting that the network aims to “foster thoughtful conversation and debate” among those who disagree.

    “But we will not allow the guests to be humiliated or cross the line of decency. Ryan Girdusky will not be welcomed back to our network.”

    Girdusky, who has written for publications including American Conservative Magazine, took to X to criticize the network for firing him.

    “You can stay on CNN if you falsely call every Republican a Nazi and you got money from the Qatari funded media.” he wrote in a veiled reference to Mehdi’s media startupZeteo, being funded by the Middle Eastern country’s government – ​​a claim he has repeatedly denied.

    “Apparently you can’t go on CNN if you’re joking. I’m glad America can see what CNN stands for.”

    Mehdi, who was born in the UK to parents who immigrated from India, has written or contributed to left-wing media outlets including Al Jazeera and MSNBC.

    Last year he was accused of plagiarizing a column he wrote in favor of beating children more than 20 years ago, and in 2019, he apologized when old blog entries surfaced in which the columnist compared groups such as non-Muslims and atheists with “cattle”.


    #CNN #suspends #proTrump #commentator #beeper #joke #directed #Muslim #journalist #Mehdi #Hasan
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  • MSNBC anchor Andrea Mitchell is leaving the eponymous show and moving to a correspondent role at NBC

    MSNBC anchor Andrea Mitchell is leaving the eponymous show and moving to a correspondent role at NBC

    Veteran political reporter Andrea Mitchell announced that she will leave her namesake MSNBC show after the inauguration, but will remain as a correspondent at NBC News.

    Mitchell, who held the anchor chair at the left-leaning network for nearly two decades, will continue in her role as NBC News’ chief foreign affairs correspondent and chief Washington reporter.

    The anchor — who turns 78 on Wednesday — broke the news to viewers on MSNBC’s “Andrea Mitchell Reports” on Tuesday.

    “And after sixteen years in the anchor chair every day, I want time to do more of what I love most: more connecting, listening and reporting on the ground,” Mitchell said. “Especially since whoever is elected next week will take on the monumental task of dealing with two foreign wars and political divisions here at home.”


    Andrea Mitchell
    Veteran journalist Andrea Mitchell has told viewers she will be leaving her beloved show after the launch in January. X / @MSNBC

    She continued: “So after the inauguration next January — I’ve been looking for the opportunity to continue covering those stories, but from a different angle — still with NBC News and on MSNBC, and still as the Washington chief and foreign affairs correspondent. . Just not on a daily show schedule.”

    Launched in 2008, Mitchell’s MSNBC show has been the network’s longest-running daytime show. The network has not announced what will replace the show.

    In the third quarter, “Andrea Mitchell Reports” averaged 753,000 viewers, trailing Fox News’ “Outnumbered” overall but ahead of CNN’s “Inside Politics,” according to Nielsen.

    The move comes as TV networks are beefing up their anchor lineups and talent salaries amid shrinking budgets.

    At CBS News, Norah O’Donnell will step down as anchor on “The Evening News” after the election and move into the role of correspondent. Meanwhile at CNN, Jake Tapper and Wolf Blitzer were reportedly denied raises, while Chris Wallace was asked to take a pay cut.


    Andrea Mitchell
    Mitchell joined the Peacock Network in 1978 and has covered every presidential campaign for NBC News since 1980. Shannon Finney/NBC via Getty Images

    Media insiders told The Post that more changes are expected after the election.

    Mitchell, who joined the Peacock network in 1978, has covered every presidential campaign for NBC News since 1980. According to Deadline, she has also covered every political convention since 1972, as well as seven presidential administrations.

    The reporter told viewers “come next year, you’ll still see me in your living rooms, on your mobile devices and on other platforms — and maybe even in your hometowns and cities, still asking questions to get the answers you deserve “.

    In a note to staff, NBCUniversal executives Rashida Jones, Rebecca Blumenstein, Janelle Rodriguez and Libby Leist wrote: “Andrea remains one of the nation’s leading and most trusted experts on foreign and domestic policy. Her deep sourcing and ability to land interviews with the biggest names in news is unmatched. Her contributions to NBC News over the past 46 years have been invaluable to the network, and we are so pleased that she will remain an essential part of the News Group for years to come.

    #MSNBC #anchor #Andrea #Mitchell #leaving #eponymous #show #moving #correspondent #role #NBC
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  • Washington Post loses 250,000 – or 10% – subscribers over decision not to endorse Kamala Harris: report

    Washington Post loses 250,000 – or 10% – subscribers over decision not to endorse Kamala Harris: report

    More than 250,000 Washington Post readers — or 10% of the paper’s customer base — have canceled their subscriptions after owner Jeff Bezos blocked its editorial board from publishing an endorsement of Vice President Kamala Harris, according to a report.

    Over the weekend, the iconic broadsheet had lost 200,000 subscribers after it was first learned that management had decided it would no longer allow its editorial board to endorse a presidential candidate in the current race as well as future elections, according to media reports.

    The tycoon on Monday published an op-ed in his newspaper defending the move as “a principled decision” given that presidential approvals “create a perception of one-sidedness.”

    The Washington Post has reportedly lost more than 250,000 subscribers over the past week. AFP via Getty Images

    But Bezos’ explanation apparently didn’t reassure Washington Post readers.

    As of Tuesday, more than 250,000 of them canceled their accounts, according to National Public Radio.

    A Washington Post spokesman declined to comment.

    A loss of subscriptions of that magnitude would be a blow to a popular news paper already facing financial headwinds.

    The Post had more than 2.5 million subscribers last year, most of them digital, making it third behind the New York Times and the Wall Street Journal in circulation.

    Amazon founder Bezos, whose $213 billion net worth is the second-largest in the world, according to the Bloomberg Billionaires Index, was partying with Katy Perry in Europe on Friday as the unrest unfolded in the Washington newsroom. Post.

    In his guest essay Monday, Bezos wrote that editorial endorsements create a perception of bias at a time when many Americans distrust the media and do nothing to tip the election scales.

    “Terminating them is a principled decision and it’s the right one,” Bezos said.

    Washington Post owner Jeff Bezos defended his decision to block the editorial board from publishing his endorsement. AFP via Getty Images

    Bezos wrote that he wished the decision to end presidential endorsements had been made earlier, “at a time away from the election and the emotions surrounding it. This was inadequate planning and not any deliberate strategy.”

    After the decision, two of the newspaper’s columnists resigned and three of the nine members of the editorial board resigned from their posts.

    Retired former Post editor Martin Baron, who was editor when Bezos bought the paper, denounced the decision on social media as “cowardly, with democracy as the victim.”

    Some critics suggested that Bezos, also the owner of Amazon, ordered the disapproval to protect his business interests, acting out of fear of retaliation if former President Donald Trump was elected.

    The Washington Post endorsed Trump’s Democratic rivals in 2016 and 2020, and Trump has often denounced critical coverage from the paper.

    Bezos said an endorsement would fuel perceptions that the paper is biased. AP

    In his column, Bezos said people can see his wealth and business interests as one of two things — a shield against intimidation or a web of conflicting interests.

    He insisted that his views are principled and that his track record as owner of the Post Office since 2013 backs that up.

    “I defy you to find a time in those 11 years where I prevailed over anyone at the Post in favor of my interests,” he wrote.

    “It didn’t happen.”

    According to Semaphore, about 18,000 readers have canceled their subscriptions to the LA Times.

    Meanwhile, angry readers have also abandoned another left-leaning publication that has decided to drop an endorsement of Harris — the Los Angeles Times, whose billionaire owner Dr. Patrick Soon-Shiong, also intervened against the wishes of his editorial board.

    Members of the editorial board of both newspapers resigned from their posts in protest at the decision.

    The Post has sought comment from the LA Times.

    By postal wire

    #Washington #Post #loses #subscribers #decision #endorse #Kamala #Harris #report
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  • CNN panel explodes after panelist says Biden’s stutter caused Trump supporters to ‘rubbish’ mistake

    CNN panel explodes after panelist says Biden’s stutter caused Trump supporters to ‘rubbish’ mistake

    A CNN contributor credited President Joe Biden with calling Trump supporters “scum” because he stutters during a roundtable discussion about the election.

    “As someone who had a stutter growing up, it’s pretty obvious to me that there was an apostrophe after ‘supporter,’” said film executive Franklin Leonard.

    “He was referring to the rubbish thrown by the supporters, not just the supporters themselves,” the Black List founder added.

    Franklin Leonard credited President Biden with calling Trump supporters “scum” because he stutters. CNN

    President Biden is in hot water after making the inflammatory comment during a campaign call with VotoLatino on Tuesday, in which he was discussing mature comic Tony Hinchcliffe’s controversial joke about Puerto Rico at Trump’s rally in Madison Square Garden on Sunday.

    “The only scum I see running around there are his supporters. His demonization of Latinos is unconscionable and un-American,” Biden said.

    In an official transcript of Biden’s remarks provided by the White House, an apostrophe was inserted after the word “supporter.”

    Conservative critics online attacked the White House for allegedly trying to change the meaning of Biden’s words in the transcript.

    “The official White House transcript needs to be corrected immediately… Joe Biden’s words were clear that he was saying that Trump supporters are trash.” America’s first female CEO Kyle Jane wrote in X.

    Conservative analyst Scott Jennings quickly hit back at Leonard’s claim.

    “I do not accept your framing personally. I believe that he, Harris, the Democratic Party and most of her campaign believe that half the country is garbage,” Jennings said.

    “As someone who had a stutter growing up, it’s pretty obvious to me that there was an apostrophe after ‘supporter,’” said film executive Franklin Leonard. CNN

    “They’ve also said that people who go to Trump rallies are Nazis,” he added, “it’s pretty obvious the contempt they hold for half the country.”

    The panel quickly erupted in Jenning’s comments with many contributors talking over each other.

    “You just can’t say that,” NewsNight host Abby Phillip said.

    Biden faced swift backlash for his comments, which many online compared to Hillary Clinton’s “basket of deplorables” that she dismissed during the 2016 campaign.

    “So you have to remember Hillary [Clinton] — she said ‘deplorable’ and then she said ‘irreparable’ … ‘garbage’ I think is worse,” Trump said at his campaign rally in Allentown, Pennsylvania.

    “He’s talking about ordinary Americans who love their country and want to dream again and support… And I hope [the Harris] campaign is ready to apologize for what Joe Biden just said,” Sen. Marco Rubio, who broke the news of Biden’s comments to Trump, said at the rally.

    “We are not trash. We are patriots. We love America.” said the senator.

    President Biden’s comment about ‘garbage supporters’ is not the first time he has attacked Donald Trump’s voters:

    • “It’s not just Trump, it’s the whole philosophy that supports — I’ll say something, it’s like semi-fascism.” – Joe Biden at a DNC fundraiser in Bethesda, Md., on Aug. 25, 2022.
    • “Donald Trump and the MAGA Republicans represent an extremism that threatens the very foundations of our republic.” – Biden at Independence Hall in Philadelphia on September 1, 2022.
    • “We’re talking about MAGA Republican mega-officials who have been very clear about this, who say, you know, they’re pro-police, but then they’re also pro-insurgency.” – Karine Jean-Pierre at the press conference on November 2, 2022.
    • “There is no doubt that today’s Republican Party is run and feared by MAGA extremists. Their extreme agenda, if realized, would fundamentally change the institutions of American Democracy as we know it. – Biden in Tempe, Ariz., on Sept. 28, 2023.
    • “Those MAGA voices who know the truth about Trump and January 6th have abandoned the truth and abandoned our democracy.” – Biden in Blue Bell, Pa., on Jan. 5, 2024.
    President Biden is in hot water after making an inflammatory remark during a campaign call with Voto Latino, discussing Tony Hinchcliffe’s joke about Puerto Rico at Trump’s NYC rally.
    via REUTERS
    “He was referring to the litter thrown by the supporters, not just the supporters themselves,” Leonard continued. CNN

    “A mother grieving her son who died of a fentanyl overdose is not trash. A truck driver who can’t afford rising oil prices is not trash. A dad who wants to buy groceries is not trash,” X posted.

    Kamala Harris and Joe Biden should be ashamed of themselves.

    Pennsylvania Governor Josh Shapiro distanced himself from Biden’s comments.

    “I would never insult the good people of Pennsylvania or any American, even if they chose to support a candidate that I did not support,” Shapiro told CNN.

    President Joe Biden denied calling Trump supporters trash and insisted he was referring to remarks made by Hinchcliffe in a tweet on Tuesday.

    “Earlier today I referred to the hateful rhetoric about Puerto Rico spewed by the Trump supporter at his Madison Square Garden rally as trash — which is the only word I can think of to describe it,” Biden said.

    #CNN #panel #explodes #panelist #Bidens #stutter #caused #Trump #supporters #rubbish #mistake
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