Today: 5 March 2026
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Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies shares fell 13.67% to $17.93 on Friday, with trading volume tripling its 50-day average. PennyMac Financial plunged 33% after reporting quarterly earnings far below estimates. UWM Holdings also dropped nearly 14% as mortgage stocks slid and both major indexes closed lower. Markets face added uncertainty after Donald Trump nominated Kevin Warsh to lead the Federal Reserve.
31 January 2026
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Apple stock closes higher after upbeat outlook, but chip squeeze keeps traders cautious

Apple stock closes higher after upbeat outlook, but chip squeeze keeps traders cautious

Apple closed up 0.3% at $259.48 after warning that rising memory-chip costs are squeezing profits, despite forecasting 13–16% revenue growth for the March quarter. CEO Tim Cook said processor shortages continue to constrain supply. First-quarter revenue reached $143.8 billion, with iPhone sales at $85.27 billion. Apple set its annual shareholders meeting for Feb. 24.
31 January 2026
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PSLV price slides 27% as silver plunges — what to know about Sprott Physical Silver Trust before Monday

PSLV price slides 27% as silver plunges — what to know about Sprott Physical Silver Trust before Monday

Sprott Physical Silver Trust (PSLV) fell 27.2% to $26.41 Friday after spot silver plunged 27.66% to $84 an ounce, its steepest drop since at least 1982. The slide followed Donald Trump’s pick of Kevin Warsh for Fed chair and hotter-than-expected producer prices. COMEX March silver futures dropped 31.37% to $78.531. iShares Silver Trust (SLV) and abrdn Physical Silver Shares ETF (SIVR) both lost over 28%.
31 January 2026
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Tesla stock jumps on SpaceX-xAI merger talk — what could move TSLA next week

Tesla stock jumps on SpaceX-xAI merger talk — what could move TSLA next week

Tesla shares closed up 3.3% at $430.41 after reports of possible mergers involving SpaceX, xAI, and Tesla. The company confirmed a $2 billion investment in xAI and maintained 2026 production targets for its Cybercab robotaxi. Tesla projected capital spending will top $20 billion in 2026, mostly for new vehicle and robotics lines. The Delaware Supreme Court reduced Tesla’s legal fee obligation in a director-pay case to $70.9 million.
31 January 2026
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Cadence Bank stock slips as Huntington deal countdown nears Feb. 1 close

Cadence Bank stock slips as Huntington deal countdown nears Feb. 1 close

Cadence Bank shares fell 1.7% to $42.11 Friday, widening their discount to the implied Huntington Bancshares takeover price ahead of the expected Feb. 1 merger close. Huntington ended up 1.1% at $17.48, raising the deal’s implied value to $43.26 per Cadence share. All regulatory approvals are in place, with final closing conditions pending. After-hours, Cadence rose to $42.41.
31 January 2026
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Chevron stock jumps after Q4 beat and Venezuela moves — what investors watch next week

Chevron stock jumps after Q4 beat and Venezuela moves — what investors watch next week

Chevron shares rose 3.3% to $176.90 Friday after beating fourth-quarter profit forecasts and announcing a 4% dividend increase. Executives said Venezuelan output could jump 50% if U.S. sanctions ease, while first-quarter production is expected to fall due to maintenance. Brent crude settled at $70.69. Investors await Sunday’s OPEC+ meeting and possible U.S. moves on Venezuela.
31 January 2026
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Nu Holdings stock drops after Nubank gets conditional U.S. bank charter nod — what investors watch next

Nu Holdings stock drops after Nubank gets conditional U.S. bank charter nod — what investors watch next

Nu Holdings shares fell 5.3% to $17.75 after it received conditional approval to form a U.S. national bank, with trading volume over 51 million shares. The new bank, to be based in McLean, Virginia, still needs further regulatory sign-offs. The drop came amid broader losses for Brazil-linked and fintech stocks. Nu’s next major update is expected with its Feb. 25 earnings report.
31 January 2026
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Rio Tinto stock drops as metals rout bites; Glencore clock and Brazil deal loom

Rio Tinto stock drops as metals rout bites; Glencore clock and Brazil deal loom

Rio Tinto’s U.S.-listed shares fell 4.3% to $91.03 Friday as gold, silver, and copper prices slumped, triggering a broader mining sell-off. The drop followed news of Rio and Chinalco’s $903.6 million deal to acquire control of Companhia Brasileira de Aluminio. London shares closed down 1.62%. Investors await possible updates on a Glencore tie-up by Feb. 5.
31 January 2026
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Your electric bill may stay high in 2026 — here’s what’s keeping rates up

Your electric bill may stay high in 2026 — here’s what’s keeping rates up

U.S. residential electricity prices are projected to reach 17.9 cents per kilowatt-hour in 2026, up from 17.3 cents in 2025, according to the Energy Information Administration. Utilities have requested nearly $31 billion in rate hikes for 2025, with over half already approved. Unpaid bills and shutoffs are rising, prompting regulatory action. Federal emergency orders are keeping some coal plants running, adding costs for consumers.
31 January 2026
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