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.

EuroGiant enters liquidation as court move puts 640 Irish retail jobs at risk

EuroGiant enters liquidation as court move puts 640 Irish retail jobs at risk

EuroGiant has entered court-appointed liquidation, putting about 640 jobs at risk across its 77 Irish stores, according to RTÉ. Stores remain open as liquidators review the business, with possible sales or closures ahead. Mark Degnan and Brendan O’Reilly of Interpath Advisory have been appointed provisional liquidators. The chain was founded in 1990 by Charlie O’Loughlin.
4 February 2026
Rocket Companies (RKT) stock slides 5% as traders eye Feb. 26 earnings after upbeat mortgage-metrics signal

Rocket Companies (RKT) stock slides 5% as traders eye Feb. 26 earnings after upbeat mortgage-metrics signal

Rocket Companies shares fell 5.2% to $19.29 by midday Wednesday after an SEC filing showed the firm expects its highest fourth-quarter net rate lock volume and gain-on-sale margin since 2021. The company will release full Q4 and 2025 results on Feb. 26. Trading volume Tuesday more than doubled the 50-day average. CEO Varun Krishna said Rocket is on track for its strongest mortgage loan production in four years.
Grab stock slides as Hesai lidar deal lands; what to watch for GRAB ahead of earnings

Grab stock slides as Hesai lidar deal lands; what to watch for GRAB ahead of earnings

Grab Holdings shares fell 2.3% to $4.17 by early afternoon Wednesday, extending recent losses despite being named exclusive Southeast Asia distributor for Hesai’s lidar sensors. Investors showed little reaction to the deal, focusing instead on Grab’s upcoming February 11 earnings and continued weakness in tech stocks. Hesai shares rose 0.4%. Financial terms of the partnership were not disclosed.
Banco Santander stock falls after $12.2bn Webster deal puts capital in the spotlight

Banco Santander stock falls after $12.2bn Webster deal puts capital in the spotlight

Banco Santander shares fell 3.5% to 10.70 euros in Madrid after announcing a $12.2 billion deal to buy U.S. lender Webster Financial. Santander will pay Webster shareholders $48.75 in cash plus 2.0548 ADS per share, with the deal expected to close in late 2026 pending approvals. The bank also launched a 5 billion-euro share buyback program set to run through July 2026.
Nvidia’s $20B OpenAI deal talk is back — and Oracle’s AI funding bet is in the spotlight

Nvidia’s $20B OpenAI deal talk is back — and Oracle’s AI funding bet is in the spotlight

Nvidia is nearing a $20 billion investment in OpenAI, a source said, as the AI firm seeks up to $100 billion at a valuation near $830 billion. Oracle’s stock rose after the company outlined plans to raise up to $50 billion, tied to OpenAI’s data center needs. Cerebras Systems secured $1 billion in funding, reaching a $23 billion valuation, as OpenAI explores chip alternatives.
AT&T stock pops as Amazon cloud-and-satellite tie-up puts fiber back in focus

AT&T stock pops as Amazon cloud-and-satellite tie-up puts fiber back in focus

AT&T shares rose 2.1% to $27.39 by midday Wednesday after announcing a connectivity deal with Amazon’s AWS and satellite units. The agreement includes moving workloads to AWS Outposts and expanding fiber links to AWS data centers. Senate scrutiny of telecom security kept pressure on the sector. AT&T stock had closed 2% higher Tuesday, outperforming the broader market.
Confluent stock hovers below IBM’s $31 bid as key vote, results near

Confluent stock hovers below IBM’s $31 bid as key vote, results near

Confluent shares closed at $30.34 on Wednesday, about 2% below IBM’s $31-per-share cash offer, as software stocks fell and IBM dropped 4%. Heavy trading volume followed ahead of Confluent’s earnings report on Feb. 11 and a shareholder vote on Feb. 12. The spread to IBM’s bid now signals deal risk and timing. U.S. antitrust review ended Jan. 12, but other approvals remain pending.
MARA stock price tumbles 11% as Bitcoin slides — what traders are watching next

MARA stock price tumbles 11% as Bitcoin slides — what traders are watching next

MARA Holdings shares fell nearly 11% to about $8.02 Wednesday after Bitcoin dropped almost 4% to $72,300, dragging crypto mining stocks lower. Company filings showed recent insider share withholdings were for tax on vested stock units, not open-market sales. Riot Platforms and CleanSpark also posted double-digit losses.
Dow Rises but S&P 500, Nasdaq Slip as AMD Sparks Fresh AI Fears Ahead of Google Earnings

Dow Rises but S&P 500, Nasdaq Slip as AMD Sparks Fresh AI Fears Ahead of Google Earnings

AMD shares fell 12% after a weak revenue forecast, dragging chip and software stocks lower and pushing the Nasdaq down 1.09% by midday. The S&P 500 slipped 0.24% while the Dow rose 0.79%. Super Micro and Eli Lilly gained on strong outlooks. Gold climbed above $5,000 as global markets stabilized.
TeraWulf stock slides 14% as Bitcoin dips; $200 million Kentucky site deal draws scrutiny

TeraWulf stock slides 14% as Bitcoin dips; $200 million Kentucky site deal draws scrutiny

TeraWulf shares fell 13.6% to $12.79 by 10:50 a.m. EST as Bitcoin dropped nearly 5%, dragging down crypto miners. The decline followed news of TeraWulf’s $200 million Kentucky land deal and pending Maryland power-plant acquisition, which still requires FERC approval. Century Aluminum disclosed it sold 750 acres in Kentucky for $200 million and a 6.8% equity stake in the buyer’s data center venture.
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Stock Market Today

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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