Crypto: price is not hot right now.
Amazon: hiring is not hot right now.
Wendy’s chilli: so hot right now.
Markets
PAST WEEK | YEAR-SO-FAR | |
|---|---|---|
Nasdaq | -2.8% | -0.9% |
S&P500 | -0.8% | +1.1% |
MSCI Emerging Markets | +1.2% | +6.8% |
Bitcoin* | -8.7% | -19.3% |
Ethereum* | -9.0% | -29.9% |
Stock of the week: | +28.4% | -9.1% |
Crypto of the week: | +15.3% | -8.8% |
*Source: CoinGecko.com As of 10:07PM February 8, 2026
World news
Top news stories of the past week
1) Crypto crashes: After hitting an all-time-high of $126,198 in October last year, Bitcoin has collapsed by 46%. Last week it hit levels not seen since before Trump’s election victory. Why? Risky assets (like crypto) have been hit on macro concerns (tariffs) and people buying crypto with leverage were forced to sell with the collapse, causing a cascade of selling. TLDR - more sellers than buyers.

2) Amazon cuts: Amazon is cutting about 16,000 corporate jobs globally, on top of roughly 14,000 roles it already eliminated in October. The layoffs hit areas like AWS, retail, Prime Video, and HR, and are framed as reducing bureaucracy and excess pandemic-era hiring while shifting more resources into AI and core growth priorities. For most affected workers it’s a white-collar, headquarters-style downsizing, not warehouse roles - kind of surprising tbh. I thought the robots were taking over.

3) Silver sinks: Silver prices surged to a record near $120 per ounce in late January 2026 amid strong industrial demand from solar panels and electronics, plus safe-haven buying, but then plunged over 30% IN ONE DAY. This one day swing wiped out $7 trillion in value across the precious metals sector. Why? Traders are concerned that Trump’s Federal Reserve pick may not cut rates enough - meaning less cheap money. The news hit all risk assets, which silver is now?

Top WEIRD stories of the past week
1) A man in the UK was arrested for stealing 29 chocolate bunnies. Seeing as they were Lindt, I completely sympathize with the crime.
2) A former employee of Little Caesars broke in twice while the restaurant was closed, making and selling pizzas as if it was open. This guy must have LOVED his job.
3) After losing a sports bet, a NY resident has begun eating nothing but Wendy’s chilli for a month. Having experienced the fabled dish I can tell you the I, personally, would simply pass away from indigestion.
Chart
You like charts? Graphs? Ya you do
The chaos in silver continues; -24% since last Thursday and down 33% from the peak two weeks ago.

Music
Banger of the week
Most important thing
Meme? Nah. Art.


