Today: 7 February 2026
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Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

Uber stock rises as UK VAT ‘taxi tax’ takes effect; what investors watch next

Uber stock rises as UK VAT ‘taxi tax’ takes effect; what investors watch next

NEW YORK, Jan 2, 2026, 14:30 ET — Regular session Uber Technologies (UBER.N) shares were up 0.9% at $82.48 on Friday afternoon. The move came as investors tracked a UK tax change affecting ride-hailing economics and Uber’s contract rewrite for drivers outside London. The Guardian The timing matters because the UK’s value-added tax (VAT) — a sales tax — can quickly change what riders pay and what drivers earn. Those two levers often decide whether ride-hailing platforms can grow volumes without giving up margins. The Guardian Britain said on Friday that private-hire vehicle operators in London can no longer use
2 January 2026
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Corcept Therapeutics (CORT) stock rebounds today after FDA setback — here’s what investors are watching next

Corcept Therapeutics (CORT) stock rebounds today after FDA setback — here’s what investors are watching next

NEW YORK, January 2, 2026, 2:30 PM ET — Regular session Corcept Therapeutics Incorporated shares were up 5.7% at $36.77 on Friday afternoon, after a sharp selloff earlier in the week tied to a U.S. regulatory setback for its experimental drug relacorilant. The bounce matters because the FDA’s decision hit what investors had seen as a key growth driver beyond Corcept’s marketed therapy, and it reset expectations for how quickly relacorilant can reach patients in the company’s lead endocrine indication. A complete response letter is the FDA’s notice that a drug application cannot be approved as filed. For investors, it
2 January 2026
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Verizon stock today: VZ slips as fresh SEC filings hit tape; rates and earnings loom

Verizon stock today: VZ slips as fresh SEC filings hit tape; rates and earnings loom

NEW YORK, Jan 2, 2026, 2:26 PM ET — Regular session Verizon Communications Inc shares edged lower on Friday after a cluster of U.S. regulatory filings detailed year-end “phantom stock” transactions by senior executives. The stock was down 0.1% at $40.67 as of 2:26 p.m. ET, after trading between $40.32 and $40.90. The disclosures land as investors reset positions at the start of 2026, with interest-rate expectations back in focus. Verizon is widely held for its steady cash flows, making it one of the telecom names that can move with rates as investors compare dividend stocks with bond yields. Treasury
2 January 2026
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Applied Digital stock jumps 15% today as ChronoScale spinoff plan and Jan. 7 earnings come into focus (APLD)

Applied Digital stock jumps 15% today as ChronoScale spinoff plan and Jan. 7 earnings come into focus (APLD)

NEW YORK, Jan 2, 2026, 14:15 ET — Regular session Applied Digital Corp shares jumped 15.4% on Friday, as the data-center operator extended a sharp rally into the first full trading week of 2026. The stock was up $3.77 at $28.29, after trading between $24.65 and $28.36. The move comes days after Applied Digital said it plans to spin out its cloud computing business and combine it with EKSO Bionics Holdings to form a new AI-focused platform called ChronoScale. Applied Digital, based in Dallas, describes itself as a builder and operator of high-performance data centers and colocation facilities for AI,
2 January 2026
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Citigroup stock rises as Wall Street opens 2026; jobs data and Citi earnings are next

Citigroup stock rises as Wall Street opens 2026; jobs data and Citi earnings are next

NEW YORK, Jan 2, 2026, 2:13 PM ET — Regular session Citigroup (C) shares climbed about 1.4% to $118.30 on Friday afternoon, outpacing a choppy broader market on the first trading day of 2026. The move matters because banks often swing with interest-rate expectations, which are being reset early in the new year. Treasury yields inched higher, and investors are looking to next week’s U.S. labor-market data for clues on how quickly the Federal Reserve might cut rates again. Reuters Citi has its own catalyst close ahead. The bank is due to release fourth-quarter results at about 8 a.m. ET
2 January 2026
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SMCI stock jumps today after Supermicro unveils liquid‑cooled SuperBlade server with Intel Xeon 6900

SMCI stock jumps today after Supermicro unveils liquid‑cooled SuperBlade server with Intel Xeon 6900

NEW YORK, January 2, 2026, 2:07 PM ET — Regular session Shares of Super Micro Computer, Inc. climbed about 5.5% on Friday after the server maker disclosed a new high-density, direct liquid‑cooled system aimed at artificial intelligence and high‑performance computing workloads. Supermicro The news matters because data‑center operators are trying to pack more compute into existing footprints while running into power and heat constraints, especially in AI training and inference clusters. Direct liquid cooling—using coolant routed through cold plates attached to hot components—has gained attention as racks get denser and air cooling becomes harder to scale efficiently. SMCI was up
2 January 2026
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AbbVie stock edges up today as Linzess partner Ironwood cuts list price, lifts 2026 outlook

AbbVie stock edges up today as Linzess partner Ironwood cuts list price, lifts 2026 outlook

NEW YORK, Jan 2, 2026, 14:08 ET — Regular session AbbVie shares ticked higher on Friday after Ironwood Pharmaceuticals, its partner on constipation drug Linzess, raised its 2026 outlook and said it lowered the medicine’s list price at the start of the year. The update matters because Linzess is co-developed and co-commercialized with AbbVie in the U.S., and changes in pricing can shift how much revenue is left after rebates and discounts. It also lands as investors reopen the books for 2026 with drug pricing back on the agenda and macro data next week expected to reset interest-rate bets, a
2 January 2026
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Pfizer stock rises today as 2026 drug price hikes grab headlines again — what PFE investors are watching

Pfizer stock rises today as 2026 drug price hikes grab headlines again — what PFE investors are watching

NEW YORK, January 2, 2026, 13:56 ET — Regular session Pfizer Inc shares rose 0.8% to $25.09 on Friday, as investors digested renewed attention on U.S. drug pricing and early-year list-price changes. The timing matters. January is when drugmakers typically reset U.S. prices, and the moves can quickly become a political and regulatory flashpoint — especially as the Trump administration keeps pressing for lower costs. For Pfizer, pricing headlines also land as the company tries to stabilize revenue after pandemic-era demand faded. Investors are sensitive to anything that could trigger tougher scrutiny or force steeper discounts. List price is the
2 January 2026
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Wells Fargo stock rises today as traders eye jobs report, big-bank earnings kickoff

Wells Fargo stock rises today as traders eye jobs report, big-bank earnings kickoff

NEW YORK, January 2, 2026, 13:55 ET — Regular session Wells Fargo & Company (WFC) shares rose 1.2% to $94.35 in early afternoon trading on Friday, after swinging between $92.81 and $94.43. The move comes as investors head into the first full trading week of 2026 with the U.S. jobs report due Jan. 9 and consumer price data on Jan. 13, the same day JPMorgan is set to open the big-bank earnings season. The Fed cut rates at each of its last three meetings of 2025, and fed funds futures — derivatives that track where traders see policy rates —
2 January 2026
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XRP price today jumps near $2 as Ripple escrow release sharpens focus

XRP price today jumps near $2 as Ripple escrow release sharpens focus

NEW YORK, Jan 2, 2026, 1:42 PM ET — Regular session XRP was up 5.9% at $1.98 on Friday, pushing back toward the $2 level after swinging between $1.86 and $1.99. The token last closed at $1.87. Traders pointed to Ripple’s scheduled January release from escrow — time‑locked XRP reserves on the XRP Ledger — as a key near-term catalyst. Blockchain tracker Whale Alert reported Ripple unlocked 1 billion XRP on Jan. 1 in three tranches, and past releases are often followed by transactions that return unused tokens to new escrow contracts, U.Today reported. U The timing matters because the
2 January 2026
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Bitcoin price today: BTC hovers near $90,000 as Coinbase, Strategy and miners climb

Bitcoin price today: BTC hovers near $90,000 as Coinbase, Strategy and miners climb

NEW YORK, Jan 2, 2026, 13:46 ET — Regular session bitcoin rose 2.2% to $89,982 by early afternoon in New York, after swinging between $87,971 and $90,804. Crypto-linked U.S. stocks moved higher, with Coinbase up 4.4%, Strategy up 3.8% and Marathon Digital up 9.6%. The bounce comes after bitcoin ended 2025 down more than 6%, its first annual decline since 2022, and after a late-year slide from an October record above $126,000, Reuters reported. “Bitcoin increasingly exhibits the characteristics of a risk asset,” said Linh Tran, a senior market analyst at XS.com, meaning it often moves with stocks. Reuters said
2 January 2026
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Silver price stock today: SLV ticks higher as bullion firms, miners lag

Silver price stock today: SLV ticks higher as bullion firms, miners lag

NEW YORK, January 2, 2026, 13:42 ET — Regular session Shares of the iShares Silver Trust (SLV) rose 0.8% to $64.96 by 1:31 p.m. ET, while the Sprott Physical Silver Trust (PSLV) gained 1.0% to $23.88. The moves put “silver price today” back in focus as investors reopened positions after a volatile finish to 2025 and an outsized run in precious metals. It matters because silver sits at the intersection of safe-haven demand and industrial consumption. That mix can amplify swings when markets are repricing U.S. interest-rate expectations. Physically backed ETFs such as SLV and PSLV tend to track bullion
2 January 2026
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Stock Market Today

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026
LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:31 AM EST Dollar Dips as Stocks Rally and US Data Influences Fed Rate Expectations February 7, 2026, 12:18 AM EST. The **dollar index** fell 0.17%, pressured by a rebound in equity markets reducing demand for the safe-haven currency. Weaker-than-expected U.S. labor market data raised the odds of a Fed rate cut to 18% for March, though consumer sentiment improved to a six-month high, limiting losses. Hawkish comments from Atlanta Fed's Raphael Bostic emphasized maintaining restrictive monetary policy. The dollar faces medium-term weakness amid expectations for rate cuts
Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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