Today: 7 February 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.

SNCY stock jumps on Allegiant’s $1.5 billion bid — deal spread, regulators in focus

SNCY stock jumps on Allegiant’s $1.5 billion bid — deal spread, regulators in focus

New York, Jan 12, 2026, 09:49 AM ET — Regular session Shares of Sun Country Airlines Holdings (SNCY) jumped in early U.S. trading Monday after Allegiant Travel (ALGT) announced plans to acquire the airline in a roughly $1.5 billion deal, debt included. Sun Country’s stock rose 12.8% to $17.79, while Allegiant’s dipped 3.9% to $91.24. (Reuters) Sun Country investors aren’t just betting on an airline anymore. The stock’s price now hinges on whether the deal goes through—and how Allegiant’s shares move in the meantime. This move drags a smaller carrier into the consolidation race amid persistent cost pressures and fierce
12 January 2026
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Synchrony Financial stock slides on Trump’s 10% credit-card rate cap push — what to know now

Synchrony Financial stock slides on Trump’s 10% credit-card rate cap push — what to know now

NEW YORK, Jan 12, 2026, 09:51 EST — Regular session Synchrony Financial shares were down about 7% at $80.80 on Monday morning, as investors sold credit-card lenders after President Donald Trump called for a one-year cap on credit-card interest rates. The proposal matters for Synchrony because it leans heavily on interest income from store and co-branded cards. A hard cap would compress what lenders earn on revolving balances, just as the sector heads into a fresh earnings cycle. Trump said on Friday he was calling for a 10% cap starting Jan. 20, but offered no details on how the plan
12 January 2026
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Affirm stock gives up premarket pop after Trump backs 10% credit-card rate cap

Affirm stock gives up premarket pop after Trump backs 10% credit-card rate cap

New York, Jan 12, 2026, 09:48 EST — Regular session Affirm Holdings’ shares slipped roughly 0.4% to $81.45 on Monday, after fluctuating between $80.90 and $84.65 in initial trades. The stock closed at $81.80 on Friday. (Investing.com) Shares dropped after President Donald Trump proposed a one-year cap on credit-card APRs at 10%. The idea hit bank and card-lender stocks but briefly boosted some alternative finance firms. Affirm climbed as much as 5% in premarket, though investors doubted the plan’s chances. Jefferies analysts called it “dead on arrival,” saying no executive power can enforce it alone. JPMorgan’s Vivek Juneja warned it
12 January 2026
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Abercrombie & Fitch stock dives after holiday update trims sales outlook — what investors watch next

Abercrombie & Fitch stock dives after holiday update trims sales outlook — what investors watch next

NEW YORK, Jan 12, 2026, 09:49 EST — Regular session Abercrombie & Fitch Co shares plunged Monday after the apparel retailer trimmed its Q4 outlook and cut the upper range of its full-year sales growth forecast post-holiday season. Early trading saw the stock drop roughly 20% to $99.62. This shift is critical since the holiday quarter is prime time for many mall-based brands, and guidance changes tend to ripple quickly through the sector. Abercrombie has maintained solid margins, so expectations were already set high. Tariffs are back on the radar as shoppers stay price-conscious. Investors aren’t just focused on holiday
12 January 2026
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Atara Biotherapeutics stock dives on FDA EBVALLO rejection — what ATRA investors watch next

Atara Biotherapeutics stock dives on FDA EBVALLO rejection — what ATRA investors watch next

New York, Jan 12, 2026, 09:54 EST — Regular session Atara Biotherapeutics shares plunged about 56% to $6.03 in early trading after the U.S. Food and Drug Administration rejected its cell therapy tabelecleucel, marketed as EBVALLO in Europe, for a rare post-transplant cancer. The stock was volatile, swinging between $4.77 and $15.40 as investors reacted to the news, with volume exceeding 1.4 million shares. (Reuters) The company said the FDA’s complete response letter — the agency’s formal notice that an application cannot be approved as submitted — came after the Jan. 9 market close. It confirmed previous Good Manufacturing Practice
12 January 2026
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30,000 Homes Without Water: Major Incident Declared in Kent as South East Water Scrambles

30,000 Homes Without Water: Major Incident Declared in Kent as South East Water Scrambles

LONDON, Jan 12, 2026, 14:24 (GMT) Kent County Council declared a major incident on Monday as roughly 30,000 homes across parts of Kent and Sussex lost running water or experienced a severe drop in pressure. The disruption spilled into the start of the week, forcing some schools to close and public services to pivot while households line up for bottled water. For local officials, it’s turned into an emergency-planning challenge just as much as a plumbing issue. The sector is already facing political heat, with outages and leaks under intense scrutiny. Companies are being pressured to prove they can maintain
12 January 2026
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Citigroup stock slides as Trump’s 10% credit-card rate cap plan rattles lenders ahead of earnings

Citigroup stock slides as Trump’s 10% credit-card rate cap plan rattles lenders ahead of earnings

New York, January 12, 2026, 11:40 EST — Regular session Citigroup Inc shares were down about 3.5% at $117.03 in late morning trading, after President Donald Trump called for a one-year cap on credit card interest rates at 10% starting Jan. 20 and gave no details on how companies would be made to comply. (Reuters) The headline risk for Citi is simple: credit cards are a big consumer profit engine across the industry, and a hard ceiling would hit pricing on loans that carry no collateral. It also lands with bank earnings days away, when executives normally talk about credit
12 January 2026
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Visa stock slides on Trump credit-card rate cap talk as traders brace for bank earnings

Visa stock slides on Trump credit-card rate cap talk as traders brace for bank earnings

New York, Jan 12, 2026, 11:32 EST — Regular session Visa Inc shares fell 1.4% to $344.84 in late-morning trading, tracking a selloff in consumer finance names. Mastercard slid 1.7% and American Express fell 4.6%. The pressure followed President Donald Trump’s call for a one-year cap on credit-card interest rates at 10%, starting Jan. 20, without spelling out how it would be enforced. Analysts said the proposal would likely require legislation, leaving markets to trade the risk before the details exist. (Reuters) Financial stocks broadly slipped on the headline, and the move has pulled in payment processors alongside banks and
12 January 2026
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JPMorgan stock drops as Trump pushes 10% credit-card rate cap, with earnings up next

JPMorgan stock drops as Trump pushes 10% credit-card rate cap, with earnings up next

New York, Jan 12, 2026, 11:32 a.m. EST — Regular session JPMorgan Chase & Co shares fell about 2% to $322.55 in morning trading on Monday after President Donald Trump called for a one-year cap that would limit credit card interest rates to 10%. “It would take an Act of Congress for such rate caps to be in place,” UBS Global analysts wrote, while Seaport Research analyst Bill Ryan said “affordability has become a top concern.” (Reuters) The move matters because credit cards are a high-yield business for big banks, and a rate cap would cut straight into what lenders
12 January 2026
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American Express (AXP) stock slides on Trump’s 10% credit-card rate cap talk — what investors watch next

American Express (AXP) stock slides on Trump’s 10% credit-card rate cap talk — what investors watch next

New York, January 12, 2026, 11:33 EST — Regular session American Express (AXP) shares slid 4.6% to $358.24 in late-morning New York trading on Monday, after touching $355.50 earlier in the session. The drop followed President Donald Trump’s call on Friday for a one-year 10% cap on credit-card interest rates starting Jan. 20, a proposal analysts at TD Cowen and Barclays said would require Congress and faces long odds. (Reuters) Credit cards are revolving credit — balances can roll month to month — and interest charges are a big part of the economics for issuers. A 10% ceiling could trim
12 January 2026
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SoundHound AI stock whipsaws as CES motorcycle tie-up and fresh bullish note keep SOUN in play

SoundHound AI stock whipsaws as CES motorcycle tie-up and fresh bullish note keep SOUN in play

NEW YORK, Jan 12, 2026, 11:51 EST — Regular session SoundHound AI shares swung on Monday after an upbeat note from H.C. Wainwright put the stock back in motion following CES chatter. The Nasdaq-listed stock was up about 0.3% at $11.79 in late morning trade after earlier rising as much as 9.4%. (Investing.com) The move matters because SoundHound AI has become a quick-read proxy for risk appetite in smaller “voice AI” names, where single headlines can move the tape. The company sells voice and conversational AI software to businesses, including in automotive and other customer-facing settings. (Reuters) This week’s CES
12 January 2026
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Walmart stock jumps on Google Gemini shopping plan, Wing drones and Nasdaq-100 spotlight

Walmart stock jumps on Google Gemini shopping plan, Wing drones and Nasdaq-100 spotlight

New York, Jan 12, 2026, 12:03 EST — Regular session Walmart shares jumped 3.4% to $118.47 in midday trading on Monday after the retailer outlined a new shopping tie-up with Google’s Gemini chatbot and traders positioned for its Nasdaq-100 debut. (MarketWatch) The announcements land at a touchy moment for retail stocks, when investors are trying to figure out whether price-conscious shoppers keep trading down or start spending again. Walmart’s pitch is simple: make buying faster, cheaper, and harder to mess up. They also put Walmart back in a tech race it didn’t start, but can’t ignore. Getting discovered inside an
12 January 2026
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Stock Market Today

South32 share price drops 4% in ASX rout — what investors watch before results

South32 share price drops 4% in ASX rout — what investors watch before results

7 February 2026
South32 shares fell 4.1% to A$4.41 Friday as Australian miners dropped in the worst ASX session since April 2025. The S&P/ASX 200 lost 2%, erasing almost A$70 billion in value. South32’s half-year results and interim dividend decision are set for Feb. 12. Markets reopen Monday with investors watching for further volatility.
Wesfarmers share price: what to watch on ASX next week as results loom

Wesfarmers share price: what to watch on ASX next week as results loom

7 February 2026
Wesfarmers shares closed down 1.33% at A$85.04 on Friday, following a sharp drop in the S&P/ASX 200, which fell 2% for its steepest one-day loss in 10 months. Investors are watching for Australia’s household spending data next week and Wesfarmers’ half-year results due Feb. 19.
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