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Dalton Daily

Sourced widely. Told plainly.

Vol. I · No. 13Morning edition
daltondaily.com

Friday, October 30, 2026Memphis · 80°/54°, TennesseeEst. 2026

Markets · loading

Business

Amazon and Intel slide after earnings, deepening tech selloff

Cloud growth fails to offset misses and heavy AI spending; Nasdaq 100 futures fall 2.2%

NEW YORK — Technology shares led a global selloff Friday after Amazon and Intel reported results that disappointed investors. Bloomberg reported that Nasdaq 100 futures were down 2.2%, as money moved out of the AI trade and into Treasuries. Amazon posted third-quarter revenue of $201.94 billion and earnings of $1.89 a share. Analysts had expected about $202.31 billion and $1.96. Amazon Web Services revenue grew about 39%, its fastest pace in nearly five years, to roughly $46 billion. The unit earned $17.8 billion in operating income. Investors focused instead on the company's $220 billion capital-spending plan, a fourth-quarter sales forecast of $240 billion to $247 billion, and negative free cash flow. Amazon shares closed down 4.3% on Thursday and fell further after hours. Intel fell more than 20% in extended trading, even with data-center growth of 78%.

Why it mattersTwo bellwethers punished despite strong AI-related growth suggests markets are now demanding returns on record infrastructure spending.

Bloomberg: Stocks Drop, Bonds Gain as Tech Results Underwhelm · CNBC: Stocks making the biggest moves after hours · Financial News (Seoul): Amazon misses revenue and net income expectations foreign · CMC Markets: Why did Amazon shares fall despite booming AWS growth? research

Geopolitics

Russian drone hits Dnipro station as Moscow weathers 600-drone raid

Strikes come as Kyiv and Moscow prepare to resume U.S.-mediated talks in Abu Dhabi

National Security, Intelligence & Espionage

Vance writes to Iranian hardliner to revive talks as post-midterm strikes loom

The vice president's letter to Supreme National Security Council chief Mohsen Rezaei comes as Trump threatens to restart the war after Nov. 3

Finance

AI-spending fears spread from Alphabet to Amazon and Intel

Alphabet's 12.6% drop is followed by after-hours losses in Amazon and Intel, and a slide in Asian chip stocks

Energy & Infrastructure

Spain rail crash toll reaches 69 as signal failure and controller order probed

Second deadly collision this year on the Madrid–Andalusia high-speed line; service suspended

In Pictures

Geopolitics

Israel's final count leaves Netanyahu bloc at 53 seats, short of majority

Business

DoorDash to buy Instacart for $17 billion

Technology

AWS growth hits 39%, fastest in nearly five years, as cloud rivals also speed up

Law

Eighth Circuit strikes Fed's 21-cent debit swipe-fee cap

Daily Scripture

Unhurried trust

Matthew 6:25-34

²⁵Therefore I tell you, don’t be anxious for your life: what you will eat, or what you will drink; nor yet for your body, what you will wear. Isn’t life more than food, and the body more than clothing? ²⁶See the birds of the sky, that they don’t sow, neither do they reap, nor gather into barns. Your heavenly Father feeds them. Aren’t you of much more value than they? ²⁷“Which of you, by being anxious, can add one moment to his lifespan? …

Daily Stoic

Chrysippus of Soli (quoted by Aulus Gellius)

Attic Nights (Aulus Gellius), preserving Chrysippus on Fate, Book 7, chapter 2, section 11

…if you roll a cylindrical stone over a sloping, steep piece of ground, you do indeed furnish the beginning and cause of its rapid descent, yet soon it speeds onward, not because you make it do so, but because of its peculiar form and natural tendency to roll; just so the order, the law, and the inevitable quality of fate set in motion the various classes of things and the beginnings of causes, but the carrying out of our designs and thoughts, and even our actions, are regulated by each individual's own will and the characteristics of his mind.

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The Commonplace Book · Theology

The Monk Who Lost His Tongue Over One Word: 'Will'

A seventh-century quarrel over whether Christ had one will or two ended in a mutilation. It also changed how Christians talk about human freedom.

In 662 an old monk of about eighty was led through Constantinople after a second heresy trial. His tongue was cut out, so he could no longer speak. His right hand was cut off, so he could no longer write. His name was Maximus, later called the Confessor. His offense was insisting that Christ had two wills.

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Inside Today's Paper