Amazon.com Inc (NASDAQ:AMZN) shares fell as much as 10% after the company released mixed fourth quarter earnings and outlined plans to invest approximately $200 billion in capital expenditures in 2026, focusing on areas including artificial intelligence, chips, robotics, and low-earth orbit satellites.
This is up from approximately $125 billion in 2025.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Glencore PLC (LSE:GLEN) said on Thursday they have ended merger discussions after failing to agree on terms, marking the collapse of what could have been one of the mining sector’s most high-profile deals.
Rio Tinto said it is no longer considering a merger with Glencore, citing an inability to reach a deal it believes would deliver value to shareholders.
Gemini (NASDAQ:GEMI), the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, announced a new round of layoffs and a strategic refocus on its home market.
In a blog post on Thursday, the company said it will reduce its workforce by roughly 25%, following a previous reduction that brought headcount to about half of its 2022 peak of approximately 1,100 employees.
Hims & Hers (NYSE:HIMS) has announced the launch of a compounded semaglutide pill designed for weight loss, providing an alternative to Novo Nordisk (NYSE:NVO)’s Wegovy.
The oral treatment uses the same active ingredient as Wegovy but is formulated to improve digestion and absorption, eliminating the need for injections.
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) shares fell nearly 5% on Thursday despite reporting a sharp jump in quarterly earnings, as the miner outlined plans to spin off its top North American assets through an initial public offering (IPO).
The Toronto-based company said fourth-quarter net earnings rose 151% year-on-year to $1.43 per share, driven by higher gold prices and robust operational performance.
Elf Beauty Inc (NYSE:ELF) shares fell more than 5% on Thursday after the company reported third quarter fiscal 2026 results and raised its full-year guidance, with the increase seen as modest relative to analyst expectations.
For the three months ended December 31, 2025, Elf Beauty posted net sales of $489.5 million, surpassing Wall Street’s consensus estimate of roughly $460 million.
Hershey Company (NYSE:HSY, XETRA:HSY) shares surged 7.7% on Thursday after the chocolate and snack maker reported stronger-than-expected quarterly results and offered a robust outlook for 2026.
The company posted adjusted earnings per share of $1.71 for the fourth quarter, beating analysts’ expectations of $1.40, though down 36.4% from $2.69 a year earlier.
Ralph Lauren Corp (NYSE:RL) shares fell nearly 7% in early trading on Thursday, even after the luxury apparel maker reported fiscal third-quarter results that exceeded Wall Street expectations, as investors focused on its outlook for margin pressure in the fourth quarter.
The company raised its full-year fiscal 2026 outlook, now expecting constant-currency revenue growth in the high-single- to low-double-digit range and operating margin expansion of roughly 100 to 140 basis points.
Tapestry Inc (NYSE:TPR) shares rose 3.6% in Thursday morning trading after the luxury fashion company reported a stronger-than-expected second-quarter performance, driven by demand for its Coach brand.
Tapestry posted revenue of $2.5 billion for Q2 fiscal 2026, up 14% from a year earlier and above analysts’ consensus of $2.29 billion. Adjusted earnings per share climbed 34% to $2.69, exceeding the Street estimate of $2.19.
Estee Lauder Companies Inc (NYSE:EL, XETRA:ELAA) shares tumbled nearly 22% in early trading Thursday, as investors weighed the company’s mixed signals on growth and profit pressures despite a solid quarterly performance.
The luxury cosmetics maker raised its full-year adjusted earnings forecast on strong second-quarter results but reiterated that tariff-related headwinds could slice roughly $100 million from its profits, mostly in the second half of fiscal 2026.
Peloton Interactive Inc (NASDAQ:PTON) shares fell about 24% in early trading Thursday after the connected fitness company reported a weaker-than-expected holiday quarter and issued revenue guidance below analysts’ forecasts.
For its fiscal second quarter ended December 31, 2025, Peloton reported a loss of $0.09 per share, compared with Wall Street expectations for a loss of $0.06 per share.
Shell PLC shares were relatively steady, down 0.85% at 2,843.5p, after the oil major missed earnings expectations for the fourth quarter but held the line on shareholder payouts, announcing a fresh $3.5 billion buyback and a 4% dividend increase.
Adjusted earnings fell short of forecasts at $3.3 billion, around 7% below consensus. Operating cash flow before working capital was also weaker than expected at $8.2 billion.
This was not a classic earnings disappointment. Qualcomm Inc (NASDAQ:QCOM, XETRA:QCI) exceeded consensus forecasts on both revenue and adjusted earnings per share. Instead, the market focused almost entirely on guidance, which pointed to a materially weaker upcoming quarter.
The gap between results and reaction tells you where the anxiety lies.