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Zaid Admani

๐Ÿ‘ค Speaker
1016 total appearances

Appearances Over Time

Podcast Appearances

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

I don't know.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

I guess we'll see if the platform changes over time.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

Let's talk about some stocks making moves today.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

Natural gas prices and companies are jumping as a major winter storm is expected to impact a big part of the US this weekend, including here in Texas.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

the way is expected to get 14 inches of snow according to our new york city resident and weather correspondent producer mike so yeah because of this upcoming freeze natural gas prices are up 75 over the last five days because natural gas is the dominant heating source in the u.s accounting for about 47 of residential heating demand i'm just hoping that the power grid holds up here in texas over the weekend we've had some issues in the past with some previous winter storms

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

Now, on the flip side, Capital One shares are falling after the credit card giant reported mixed earnings and announced that they're buying the fintech startup Brex.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

Capital One is acquiring Brex for $5.15 billion in a mix of cash and stock as it looks to push

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

deeper into the business payments and expense management space.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

Now, Brex is known for combining corporate cards with software that helps companies track spending in real time.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

Now, what's interesting, though, is that Brex was once valued at 12.5 billion dollars at its peak.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

So this deal represents a pretty steep markdown.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

Meanwhile, you have Brex's main rival, Ramp, which was founded two years after Brex.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

They're now valued at around 32 billion dollars.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

Now, beyond the acquisition, Capital One's earnings were pretty mixed.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

Their revenues beat expectations, but their profits came in lighter than expected.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

The other issue for Capital One is the political attention on credit card rates right now.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

See, Capital One's net interest income was up 54% in Q4 thanks to rising credit card interest rates, but President Trump is now pushing for a 10% cap on rates.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

If this cap actually becomes policy, it would hit Capital One especially hard given how dependent its business is on credit card lending.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

So investors aren't loving the combo of the acquisition along with the mixed earnings and the rising regulatory risk.

The Rundown
Intel Fumbles the AI Boom, TikTok Finalizes US Deal

And that's why Capital One stock is down more than 3% in pre-market trading.