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.

Financial services stocks: Citigroup flags $1.2B Russia-exit loss ahead of Jan. 14 earnings

Financial services stocks: Citigroup flags $1.2B Russia-exit loss ahead of Jan. 14 earnings

NEW YORK, January 1, 2026, 13:33 ET — Market closed Citigroup said it expects to record a pre-tax loss of about $1.2 billion as it moves to sell AO Citibank — its remaining operations in Russia — to Renaissance Capital. SEC+1 The loss matters now because it is set to land in Citi’s fourth-quarter 2025 financials, just ahead of the bank’s scheduled earnings release in mid-January, when investors typically reset expectations for capital returns and costs. SEC+1 Citi said the hit is largely tied to “currency translation adjustment” (CTA) — an accounting adjustment from converting a foreign unit’s financials into
1 January 2026
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Defense and space stocks in focus as Pentagon hands Boeing, Lockheed fresh contract wins

Defense and space stocks in focus as Pentagon hands Boeing, Lockheed fresh contract wins

NEW YORK, January 1, 2026, 13:29 ET — Market closed The Pentagon’s latest contract awards for Boeing and Lockheed Martin kept U.S. space and defense stocks in focus into the new year, even as Wall Street sat out Thursday’s New Year’s Day holiday. Reuters+1 The updates matter now because the first trading session of 2026 begins on Friday, and late-year contract announcements can shape near-term sentiment around backlog and government demand — a key driver for the sector’s biggest companies. New York Stock Exchange Lockheed’s Taiwan-related award also landed against a backdrop of heightened cross-strait tensions after China staged major
1 January 2026
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Cloud computing stocks today: Microsoft, Oracle slip as Wall Street shuts for New Year’s Day

Cloud computing stocks today: Microsoft, Oracle slip as Wall Street shuts for New Year’s Day

NEW YORK, January 1, 2026, 13:30 ET — Market closed U.S.-listed cloud computing stocks ended 2025 on a softer note, with big cloud names and cloud-focused funds slipping in the last session before Wall Street shut for the New Year’s Day holiday. Nasdaq That matters now because cloud and enterprise software shares were central to the AI-led market run in 2025, leaving the group sensitive to shifts in risk appetite as 2026 begins. Reuters The S&P 500 fell 0.74% on Dec. 31 and the Nasdaq dropped 0.76% as technology shares were among the day’s laggards, Reuters reported. The year still
1 January 2026
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Data center stocks slide into 2026 as xAI expansion keeps Nvidia, Dell, Super Micro in focus

Data center stocks slide into 2026 as xAI expansion keeps Nvidia, Dell, Super Micro in focus

NEW YORK, January 1, 2026, 13:24 ET — Market closed Data center stocks ended 2025 on a softer note, with U.S. markets closed on Thursday for the New Year’s Day holiday and investors heading into 2026 still fixated on who captures the next leg of AI infrastructure spending. Nasdaq The latest focus is on customer buildouts that can move the needle for suppliers of chips, servers and the power-and-cooling gear that keeps new facilities running. That matters as the market tries to separate durable demand from year-end positioning after an AI-driven run. Reuters Elon Musk said on Tuesday his AI
1 January 2026
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Quantum Computing Stocks Slip Into New Year Holiday as Traders Eye CES, Earnings Next

Quantum Computing Stocks Slip Into New Year Holiday as Traders Eye CES, Earnings Next

NEW YORK, January 1, 2026, 13:13 ET — Market closed Quantum computing stocks ended 2025 on a softer note, with several of the sector’s most traded names closing lower ahead of the New Year’s Day market holiday. IonQ, Rigetti Computing, D-Wave Quantum and Quantum Computing Inc. all fell in the final regular U.S. session of the year. The moves matter because quantum shares have become a high-beta corner of the market, where small shifts in risk appetite can produce outsized swings. Investors are also entering 2026 with a sharper focus on valuation, as most pure-play quantum companies remain loss-making while
1 January 2026
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Rare metals stocks today: Critical Metals in focus after Greenland offtake target, U.S. stake talks

Rare metals stocks today: Critical Metals in focus after Greenland offtake target, U.S. stake talks

NEW YORK, January 1, 2026, 13:11 ET — Market closed Critical Metals (CRML.O) is targeting early 2026 to finalize the last quarter of customer offtake agreements for its Tanbreez rare earths project in Greenland and is open to a potential U.S. government investment, its chief executive told Reuters. “Would welcome it, even though we didn’t ask for it,” CEO Tony Sage said, adding the company had sought grant support under the U.S. Defense Production Act. Reuters The update lands as investors in rare metals stocks look for clearer signs of how the U.S. and its allies will fund supply chains
1 January 2026
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Big Tech stocks today: Nvidia’s China chip push and Tesla deliveries set up Friday’s open

Big Tech stocks today: Nvidia’s China chip push and Tesla deliveries set up Friday’s open

NEW YORK, January 1, 2026, 13:05 ET — Market closed Nvidia ended 2025 down 0.6%, but was back in focus on Thursday after Reuters reported it asked Taiwan Semiconductor Manufacturing Co to ramp production of its H200 artificial-intelligence processors to meet demand from China. (Reuters) U.S. stock markets are closed for New Year’s Day, leaving investors to digest a late-year pullback in mega-cap technology stocks that drive the Nasdaq and S&P 500. The New York Stock Exchange is scheduled to reopen on Friday. (NYSE calendar) The timing matters because the “Magnificent Seven” — Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia and
1 January 2026
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EV Stocks Today: BYD’s weakest growth in five years and Tesla deliveries set up Friday’s trade

EV Stocks Today: BYD’s weakest growth in five years and Tesla deliveries set up Friday’s trade

NEW YORK, January 1, 2026, 1:03 PM ET — Market closed China’s BYD reported its weakest annual sales growth in five years, putting a spotlight on the pressure from an EV price war as U.S. markets stayed shut on Thursday for the New Year’s holiday. Reuters The update matters now because China is the world’s biggest electric-vehicle market, and year-end sales and delivery tallies often reset expectations for demand, pricing and margins. Traders also have Tesla’s fourth-quarter deliveries report on Friday as the next major checkpoint for the sector. Reuters In the last U.S. session on Wednesday, Tesla closed down
1 January 2026
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Natural gas price slide drags UNG stock lower as warm U.S. forecast cools winter demand

Natural gas price slide drags UNG stock lower as warm U.S. forecast cools winter demand

NEW YORK, January 1, 2026, 13:00 ET — Market closed The United States Natural Gas Fund (UNG) sank 6.7% on Wednesday, the last U.S. trading session of 2025, tracking a sharp pullback in U.S. natural gas prices after traders leaned into a warmer weather outlook for early January. The move matters because winter pricing is still dominated by short-term swings in heating demand, and forecasts can change quickly. A warmer-than-normal pattern typically means less gas burned for heat and fewer withdrawals from storage. It also lands as U.S. liquefied natural gas (LNG) exports keep running at high levels, tying domestic
1 January 2026
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Semiconductor stocks today: Chip shares slip as Nvidia’s China H200 push meets policy spotlight

Semiconductor stocks today: Chip shares slip as Nvidia’s China H200 push meets policy spotlight

NEW YORK, January 1, 2026, 13:07 ET — Market closed U.S. semiconductor stocks slipped in the final trading session of 2025, with the PHLX Semiconductor Index closing down 1.2% on Wednesday. U.S. markets are closed on Thursday for New Year’s Day. Nasdaq Global Index Watch+1 The pullback comes after a year in which AI-linked chipmakers helped power broader equity gains, leaving the group sensitive to profit-taking in thin holiday liquidity. Investors are also entering 2026 with geopolitics and export rules again shaping which products can reach key end-markets. Reuters+1 That matters now because China remains a major buyer of chips
1 January 2026
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AI stocks today: Nvidia’s China H200 chip surge puts semis back in focus as Wall Street shuts

AI stocks today: Nvidia’s China H200 chip surge puts semis back in focus as Wall Street shuts

NEW YORK, January 1, 2026, 12:48 ET — Market closed Nvidia has approached Taiwan Semiconductor Manufacturing Co about ramping output of its H200 artificial intelligence chip as demand from Chinese technology firms accelerates, sources told Reuters. Reuters The China demand story lands as investors gauge whether the AI trade can extend after it powered much of Wall Street’s 2025 gains and pushed major U.S. indexes to record highs, Reuters reported. Nvidia rose 39% in 2025 and became the first publicly traded company to top $5 trillion in market value, the report said. Reuters The H200 is a data-center graphics processor
1 January 2026
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Bitcoin price today: BTC steadies near $88,000 as New Year holiday shuts U.S. stocks; Coinbase, Strategy last lower

Bitcoin price today: BTC steadies near $88,000 as New Year holiday shuts U.S. stocks; Coinbase, Strategy last lower

NEW YORK, January 1, 2026, 12:45 ET — Market closed. Bitcoin edged higher on Thursday, holding near $88,000 even as U.S. equity markets were shut for the New Year’s Day holiday. Nasdaq The move comes as bitcoin heads into 2026 after a weakening stretch in 2025 that left it on track for its first annual decline since 2022, amid a sharper pullback after an October record. Reuters That matters now because traders increasingly treat bitcoin as a “risk asset” — shorthand for investments that typically rise when investors are confident and fall when they cut exposure — rather than as
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Stock Market Today

Stellantis stock slides 24% after €22 billion EV reset kills 2026 dividend — what to watch next

Stellantis stock slides 24% after €22 billion EV reset kills 2026 dividend — what to watch next

7 February 2026
Stellantis shares plunged 23.7% to $7.28 Friday after the company disclosed about €22.2 billion in charges tied to a reset of its electric-vehicle strategy and said it will skip its 2026 dividend. The automaker flagged a preliminary net loss of €19–21 billion for the second half of 2025. Shares rose 1.6% in late after-hours trading. Investors await Feb. 26 results and a May 21 Investor Day.
Intel stock jumps on China server CPU delays as traders map the week ahead

Intel stock jumps on China server CPU delays as traders map the week ahead

7 February 2026
Intel shares rose 4.87% to $50.59 Friday, trailing gains by Nvidia and Broadcom as chip stocks rallied. Sources said Intel and AMD warned Chinese customers of longer waits and higher prices for some server CPUs, with Intel lead times reaching six months. Intel said China accounts for over 20% of its revenue. Investors await key U.S. jobs and inflation data next week.
IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

IRS tax refund delays? Watchdog flags staffing crunch as 2026 filing season ramps up

7 February 2026
IRS staffing has dropped to 2021 levels as the 2026 tax filing season begins, according to a Treasury watchdog. The agency faces a backlog of about 2 million returns, 129% above pre-pandemic levels. Most e-filers using direct deposit still get refunds within 21 days, but paper filings and amended returns could see delays. The IRS lowered its call-answer target to 70% for this season.
Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

Plug Power stock jumps 12% after vote setback, with Feb 17 share decision in focus

7 February 2026
Plug Power shares rose 11.6% Friday to $2.08 after a sharp drop the previous day, as attention shifted to a Feb. 17 shareholder vote on expanding authorized shares. The company failed to secure enough votes earlier this week and is urging overseas holders to participate. CEO Andy Marsh cited difficulties for European investors in casting ballots. A reverse stock split remains possible if the proposal fails.
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