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.

Sidus Space stock jumps 17% after $16.2 million share sale as market stays shut for New Year’s Day

Sidus Space stock jumps 17% after $16.2 million share sale as market stays shut for New Year’s Day

NEW YORK, January 1, 2026, 04:20 ET — Market closed Shares of Sidus Space Inc (SIDU) rose about 17% to $3.14 in the most recent U.S. session after the company said it closed a $16.2 million public stock offering. The stock traded between $2.48 and $4.20, with volume of roughly 170 million shares. Sidus Space, Inc. The move matters now because fresh equity raises can quickly change the risk profile for micro-cap companies that rely on outside financing. The cash can extend runway for operations and manufacturing, but new shares also dilute existing holders by increasing the stock available to
1 January 2026
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ASML stock today: China’s 50% domestic-equipment rule in focus ahead of Jan. 28 results

ASML stock today: China’s 50% domestic-equipment rule in focus ahead of Jan. 28 results

NEW YORK, January 1, 2026, 04:21 ET — Market closed • ASML’s U.S.-listed shares ended the last session of 2025 down 0.25% at $1,069.86.• A Reuters report on China’s push for more homegrown chip tools kept pressure on equipment names.• Investors are now looking to ASML’s late-January results for demand signals and 2026 guidance. ASML Holding N.V.’s U.S.-listed shares closed down 0.25% at $1,069.86 on Wednesday, capping the final trading day of 2025 on a soft note for chip-related stocks. The muted move comes as investors weigh fresh policy risk out of China against expectations that spending on advanced chips
1 January 2026
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Edinburgh Hogmanay power cuts: Grassmarket pubs warn blackouts could hit New Year rush

Edinburgh Hogmanay power cuts: Grassmarket pubs warn blackouts could hit New Year rush

NEW YORK, Jan 1, 2026, 04:12 ET Hospitality businesses in Edinburgh’s Grassmarket warned that repeated power outages in the Old Town risked disrupting Hogmanay celebrations, after electricity supply tripped again on Dec. 31, operators and the local network company said. (https://news.stv.tv/east-central/repeated-power-blackouts-hampering-festive-trade-at-edinburgh-pubs) The concern comes as Edinburgh relies on New Year’s Eve trade tied to Hogmanay, Scotland’s traditional year-end celebration that draws crowds to the city centre and packs pubs and restaurants. For operators, even short outages can force closures because fridges, lighting, kitchens and card machines stop working, turning busy service into lost bookings and wasted stock. Some businesses lost
1 January 2026
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TeraWulf stock in focus after KBW upgrade, $1.3B Texas data-center debt deal

TeraWulf stock in focus after KBW upgrade, $1.3B Texas data-center debt deal

NEW YORK, January 1, 2026, 04:18 ET — Market closed Shares of Nasdaq-listed TeraWulf Inc rose nearly 3% in the last U.S. session after Keefe, Bruyette & Woods upgraded the company and more than doubled its price target, keeping its pivot beyond bitcoin mining in focus. The stock ended Wednesday at $11.49, after ranging between $11.07 and $11.88 on volume of about 19.4 million shares. The upgrade matters because investors are increasingly trying to value some crypto miners less like pure commodity plays and more like digital infrastructure operators. That can shift the narrative from daily bitcoin price swings to
1 January 2026
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Visa stock today: $500 million escrow move reshapes share conversion math as markets shut

Visa stock today: $500 million escrow move reshapes share conversion math as markets shut

NEW YORK, January 1, 2026, 04:10 ET — Market closed Visa Inc (V) said it adjusted conversion rates for its class B shares after a $500 million deposit into a U.S. litigation escrow account, a filing showed. Visa shares last closed down 0.8% at $350.71, after trading between $350.71 and $355.13; the stock has ranged from $284.20 to $374.12 over the past 52 weeks. The disclosure matters because the conversion rate is the math that governs how many class A shares get issued if the company’s class B shares convert. A lower rate means fewer shares would be issued, reducing
1 January 2026
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Corcept Therapeutics stock tanks 50% after FDA relacorilant setback — what’s next for CORT

Corcept Therapeutics stock tanks 50% after FDA relacorilant setback — what’s next for CORT

NEW YORK, January 1, 2026, 04:13 ET — Market closed Corcept Therapeutics Incorporated shares last closed down 50.4% at $34.80 on Wednesday. Yahoo Finance The selloff followed news that the U.S. drug regulator will not approve relacorilant in its current form for an expanded use tied to a rare hormonal disorder. The decision matters now because relacorilant was the company’s near-term bid to broaden its cortisol-modulation franchise beyond its existing product line, and investors had been bracing for a pivotal regulatory readout into year-end. A setback at the FDA can reset timelines and raise costs, forcing Wall Street to reprice
1 January 2026
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ITC share price tumbles on new India cigarette tax — what investors watch next

ITC share price tumbles on new India cigarette tax — what investors watch next

NEW YORK, January 1, 2026, 03:07 ET — Market closed ITC Ltd (ITC.NS) fell sharply on Thursday, with the stock last down 8.9% at 367.10 rupees after India notified a higher excise duty on cigarettes. The shares traded between 402.30 and 362.70 rupees. mint The tax shock matters because it feeds directly into retail cigarette prices, and higher prices can curb consumption. Investors also watch whether the gap between legal and illegal prices widens, lifting the illicit market and squeezing reported volumes. India’s finance ministry late on Wednesday set an excise duty — a tax charged on specific goods —
1 January 2026
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Axsome stock jumps 23% after FDA sets April 30 deadline for Alzheimer’s agitation review

Axsome stock jumps 23% after FDA sets April 30 deadline for Alzheimer’s agitation review

NEW YORK, January 1, 2026, 03:20 ET — Market closed Axsome Therapeutics Inc shares jumped 22.9% to $182.64 in Wednesday’s session, after touching $184.40, with about 3.1 million shares traded. The CNS drugmaker said the U.S. Food and Drug Administration accepted and granted priority review to its supplemental new drug application for AXS-05 (dextromethorphan-bupropion) — marketed as Auvelity for major depressive disorder — for agitation in Alzheimer’s disease, setting an April 30 action date. “Up to 76% of people with Alzheimer’s disease experience agitation, representing a significant unmet medical need,” Chief Executive Herriot Tabuteau said. GlobeNewswire The priority review gives
1 January 2026
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INBS stock whipsaws after Intelligent Bio Solutions lines up $10 million funding

INBS stock whipsaws after Intelligent Bio Solutions lines up $10 million funding

NEW YORK, January 1, 2026, 03:10 ET — Market closed Intelligent Bio Solutions Inc said late Wednesday it will raise about $10 million in a private placement, sending its shares lower in after-hours trading after a sharp rally earlier in the session. The financing lands as the micro-cap medtech company pitches a faster path to scale for its fingerprint-based drug screening reader, with management pointing to lower production costs and higher profitability ahead of a planned U.S. market entry. Private placements are a common funding route for small companies, but they can dilute existing shareholders — meaning each share represents
1 January 2026
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Icahn Enterprises (IEP) stock ends 2025 with a pop — here’s what investors are watching next

Icahn Enterprises (IEP) stock ends 2025 with a pop — here’s what investors are watching next

NEW YORK, January 1, 2026, 03:09 ET — Market closed Icahn Enterprises’ depositary units last climbed 3.4% in the final trading session of 2025, bucking a broader year-end slide in U.S. stocks. The units settled at $7.55 on Wednesday. MarketWatch The move matters because liquidity is thin around year-end, and investors are repositioning into the first full session of 2026 after markets shut for New Year’s Day. That can amplify swings in smaller, higher-yield names. MarketWatch+2New York Stock Exchange+2 Attention has also centered on a recent disclosure tied to Icahn Enterprises’ quarterly distribution. A filing showed controlling unitholder Carl Icahn
1 January 2026
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Li Auto stock in focus after December deliveries; traders eye Nio, XPeng and Tesla next

Li Auto stock in focus after December deliveries; traders eye Nio, XPeng and Tesla next

NEW YORK, January 1, 2026, 03:16 ET — Market closed Li Auto Inc (2015.HK) (LI.O) said late Wednesday it delivered 44,246 vehicles in December, as Chinese electric-vehicle makers begin publishing year-end sales tallies. Nasdaq Li Auto’s U.S.-listed shares last closed down 34 cents, or about 2%, at $16.93. U.S. equity markets are closed on Thursday for New Year’s Day, with trading set to resume on Friday. Reuters The monthly delivery prints matter because they are one of the earliest reads on demand, and deliveries often map quickly into near-term revenue in the auto business. They also give investors a timely
1 January 2026
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Nike stock jumps on CEO’s $1 million buy — what NKE investors watch next

Nike stock jumps on CEO’s $1 million buy — what NKE investors watch next

NEW YORK, January 1, 2026, 03:06 ET — Market closed Nike (NKE) shares ended Wednesday up 4.1% at $63.71 after Chief Executive Elliott Hill disclosed an open-market purchase of 16,388 Class B shares at about $61.10 each, a regulatory filing showed. Under Armour’s two U.S.-listed share classes fell about 3% in the same session. MarketWatch+1 The move came in thin year-end trading as Wall Street closed out 2025 lower, a backdrop that can magnify stock-specific catalysts. Reuters data showed U.S. exchanges saw lighter-than-usual volumes in the holiday-shortened week. Reuters Why this matters now: Nike is trying to rebuild momentum after
1 January 2026
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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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