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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

  • 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
    Image Source : nypost.com

  • 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
    Image Source : nypost.com

  • 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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  • Megyn Kelly says Biden’s stunning ‘garbage’ comment about Trump supporters was a sign of insanity

    Megyn Kelly says Biden’s stunning ‘garbage’ comment about Trump supporters was a sign of insanity

    Megan Kelly on Wednesday slammed President Biden for referring to Donald Trump’s supporters as “garbage” — calling the remark a sign that he is “suffering from insanity.”

    In an exclusive interview with The Post, the popular podcaster said the comment was another sign that the 81-year-old Biden was losing his mental acuity.

    “I think Joe Biden is suffering from an insanity that has lowered his inhibitions about saying how he really feels,” the host of SiriusXM’s “The Megyn Kelly Show” told The Post.

    Biden sparked outrage on Tuesday after declaring: “The only garbage I see floating out there is [Donald Trump’s] supporter.”

    Megyn Kelly slammed President Joe Biden’s reference to Donald Trump supporters as “garbage.” The Megyn Kelly Show

    Kelly compared the comment to other infamous Democratic attacks on Republican voters, noting Barack Obama’s 2008 “bitter-ass” jab and Hillary Clinton’s infamous 2016 reference to Trump supporters as a “basket of deplorables “.

    “It was just the latest in a long line of insults that Democrats have had for Republican voters,” said Kelly, who will cover the election during a live broadcast of her show on SiriusXM and YouTube beginning Tuesday at 20.00.

    “They’ve called Trump a fascist, a Nazi, and a white supremacist, and now we’re down to trash. We’re all trash — anyone who voted for Donald Trump.”

    President Biden referred to supporters of former President Donald Trump as “garbage” on Tuesday. via REUTERS

    Biden’s surrogates at CNN defended the president, saying the remark was due to his stutter and that his reference to “garbage” was aimed at comedian Tony Hinchcliffe, who joked about Puerto Rico as “a floating island of garbage.” during a rally for Trump. at Madison Square Garden on Sunday.

    Kelly scoffed at that notion, saying that even mainstream news outlets like Axios and the Associated Press didn’t buy into the claim.

    Biden supporters claimed the president was referring to comedian Tony Hinchcliffe. AFP via Getty Images
    “It was just the latest in a long line of insults Democrats have had for Republican voters,” Kelly told The Post. AP

    “I don’t believe for a second that it was a slip [or] unintentionally,” Kelly said.

    “This is a bridge too far for us. We will not make such coverage for it. We all heard what he said.”

    Biden did the Trump campaign a favor by shifting the narrative away from Hinchcliffe’s joke and focusing on his comment about Trump voters, according to the former Fox News and NBC “Today” show host.

    “They were saved by Joe Biden,” Kelly said.

    She added that “what’s so beautiful about the controversy is the same media and Democrats who spent 48 hours telling us how deeply wrong it is to refer to any group as garbage… now we have a very difficult pivot to done”.

    #Megyn #Kelly #Bidens #stunning #garbage #comment #Trump #supporters #sign #insanity
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  • Exclusive | Anti-Trump Website Falls After False Statement About Peanut Squirrel’s Death

    Exclusive | Anti-Trump Website Falls After False Statement About Peanut Squirrel’s Death

    An anti-Donald Trump website has slammed a statement from the former president that appeared to condemn the death of internet celebrity squirrel Peanut — only for those close to the Republican candidate to confirm that the inflammatory post was actually fake.

    The liberal news site Mediaite published a now-deleted article on Saturday based on the strangely fake press release that appeared to be from the Trump campaign that was first posted on X by Gentry Genvers.

    “It’s a false statement,” Karoline Leavitt, of the Trump team, told The Post on Saturday afternoon.

    Mediaite published a now-deleted article on Saturday based on the fake press release about Peanut. mediaite.com/
    The fake press release that appeared to be from the Trump campaign was first posted on X by Gentry Genvers. gentrywevers/X

    “He didn’t actually say that,” Leavitt clarified of the statement in question, which described Peanut – who was euthanized after being captured by his owners in New York this week – as “innocent on all counts” and compared the creature to a migrant.

    “Mediaite is fake news,” Leavitt scoffed.

    Mediaite did not immediately respond to The Post’s request for comment on the misprint.

    Gevers’ original X post was shared as a response to Elon Musk, who wrote that, as president, Trump will “save the squirrels.”

    Mark Longo’s beloved pet Peanut was seized by the NY Department of Environmental Conservation and euthanized. AP

    In the fake comment, Trump apparently complained that Peanut and Fred Raccoon were taken from their owner, Mark Longo, and “executed by New York State” thanks to their “terrible governor,” Democrat Kathy Hochul.

    “If Peanut had told them he was from Mexico, they would have sent him on his way and given him a hotel room and a $500 gift card to Buddy Squirrel,” the gossip added.

    Trump, 78, is known for his tough stance against illegal immigration — and has repeatedly publicly blamed the influx of new arrivals for violent crime in the US.

    Peanut, 7, was a gray squirrel rescue who amassed a devoted following on social media.

    He and Fred Rakun were put to death so they could be tested for rabies, according to the Department of Environmental Conservation.

    The DEC alleged that Peanut, who was known to be very docile, bit one of the investigators on the hand when he was confiscated from Longo’s Elmira home on Wednesday.

    Investigators were reportedly responding to anonymous complaints about wild animals living in the home.

    Longo memorialized the squirrel in a moving online tribute.

    “Peanut was the best thing that ever happened to us,” a tearful Longo said in the video, with his girlfriend by his side.

    “RIP BEST FRIEND. Thank you for the best 7 years of my life. Thank you for bringing so much joy to us and the world. I’m sorry I failed you, but thank you for everything,” he wrote in the caption of the post.

    Longo rescued Peanut after seeing the squirrel’s mother get hit and killed by a car.

    The couple’s close bond inspired Longo to move to New York, where he founded P’Nut’s Freedom Farm, an animal shelter and rescue operation.

    #Exclusive #AntiTrump #Website #Falls #False #Statement #Peanut #Squirrels #Death
    Image Source : nypost.com

  • Exclusive | Hugh Hewitt slams live show with fellow liberals and quits Washington Post: ‘Most unfair election ad’

    Exclusive | Hugh Hewitt slams live show with fellow liberals and quits Washington Post: ‘Most unfair election ad’

    Conservative radio host Hugh Hewitt resigned from the Washington Post after arguing Friday with two of the paper’s liberal columnists during a live show — calling it “the most unfair election ad I’ve ever been a part of.”

    Hewitt stormed off during the First Look web show with Jonathan Capehart and Ruth Marcus, who claimed former President Donald Trump was “laying the groundwork” to run in Tuesday’s election if he lost.

    After being interrupted by Capehart, an MSNBC host, and then accused by him of spreading misinformation, Hewitt took off his headset and said, “I’m done. This is the most unfair election ad I’ve ever been a part of.”

    Hugh Hewitt (top right) appeared in a Washington Post discussion about the election with Jonathan Capehart (left) and Ruth Marcus (bottom right). X/@BrentHBaker

    Hewitt, who hosts a national radio show, subsequently left the paper, which has been rocked by owner Jeff Bezos’ decision to kill an endorsement for Vice President Kamala Harris.

    He has written hundreds of columns for the Washington Post since 2017.

    Two sources familiar with Hewitt’s exit first revealed it to The New York Post.

    “I actually left the Post, but I was just writing a column for them every six weeks or so,” Hewitt later told Fox News Digital.

    The New York Post has sought comment from WashPo.

    Friday’s outburst came during a conversation about a lawsuit filed by the Trump campaign in Pennsylvania, where a judge agreed to a request to extend in-person voting in Bucks County.

    The Trump campaign and the Republican National Committee successfully sought an extension after some people in line for mail-in ballots left after the 5pm cut-off on Tuesday.

    “Is it me or does it look like Donald Trump is laying the groundwork to run for office,” asked Capehart Marcus.

    Hewitt accused Capehart and Marcus of not reporting “the whole story” about the lawsuit filed in Pennsylvania. X/@BrentHBaker
    Marcus said that Trump was “laying the groundwork” to compete in the election. X/@BrentHBaker

    “Claiming fraud was going on, but suing Bucks County [Pennsylvania] for alleged irregularities.”

    Marcus responded that Trump has been “laying the groundwork” to contest the election for months.

    Hewitt then tried to get a word in, saying, “Jonathan, I have to talk.”

    “Let Ruth finish, Hugh,” returned Capehart.

    After waiting his turn, Hewitt noted that this was news that needed to be reported.

    Hewitt was attacked after a controversy over a lawsuit filed by the Trump campaign in Pennsylvania. X/@BrentHBaker

    “Bucks County was overruled by the court and ordered to open extra days because they broke the law and told people to go home,” he said.

    Hewitt also cited the recent Supreme Court ruling that upheld Virginia Gov. Glenn Youngkin’s move to purge 1,600 people from voter rolls.

    “We’re news people, even though we have opinions and we have to report the whole story if we bring a piece of the story. So yes, he’s upset about Bucks County, but he was right and he won in court. That’s the story,” Hewitt said.

    After a brief pause, Capehart told Hewitt, “I don’t appreciate being lectured about reporting when, Hugh, you often come in here saying a lot of things that aren’t based on fact.”

    Hewitt is not visible in the frame above as he has removed his headphones and left the broadcast. X/@BrentHBaker

    The accusation infuriated Hewitt.

    “I’m not going back, Jonathan, I’m done,” he said. “You guys are working, that’s good, I’m done.”

    Conservative media luminaries praised the veteran radio host and pundit for standing up to Capehart’s rants.

    “WELL DONE @hughhewitt! Factual, measured, brave and conveniently fed up with these left-wing hacks posing as journalists,” wrote conservative talk radio host Megyn Kelly.

    Capehart said he didn’t “appreciate being lectured on reporting” by Hewitt, who “has come in here saying a lot of things that are not based in fact.” X/@BrentHBaker

    The testy exchange comes amid turmoil at the Beltway newspaper that includes the resignations of three opinion editors over the paper’s decision not to endorse a presidential candidate for the first time in 36 years.

    Bezos warned in an Oct. 28 op-ed that the paper’s staff had been “increasingly” willing to “speak only to a certain elite,” rather than the broader American public.

    “More and more, we talk to ourselves,” Bezos wrote. “It wasn’t always like this—in the 1990s we reached 80 percent household penetration in the DC metro area.”

    The publication reportedly had 250,000 readers cancel their digital subscriptions in protest.

    #Exclusive #Hugh #Hewitt #slams #live #show #fellow #liberals #quits #Washington #Post #unfair #election
    Image Source : nypost.com