Pinterest stock steadies premarket after AI-driven layoffs plan rattles investors

Pinterest stock steadies premarket after AI-driven layoffs plan rattles investors

Pinterest shares stabilized premarket Wednesday after a 9.6% drop Tuesday, closing at $23.41, as the company announced plans to cut under 15% of staff and reduce office space to focus on AI. Pinterest expects $35 million to $45 million in pre-tax restructuring charges, with the plan set to finish by September 2026. Investors await more details on cost savings and revenue impact ahead of earnings on Feb. 12.
Redwire stock (RDW) jumps again in premarket after $151B SHIELD award — what traders watch next

Redwire stock (RDW) jumps again in premarket after $151B SHIELD award — what traders watch next

Redwire shares rose 2.4% to $14.54 in Wednesday premarket trading after the company secured a spot on the Missile Defense Agency’s $151 billion SHIELD contract vehicle. The stock jumped 29.6% Tuesday on heavy volume. The contract admits multiple vendors but does not guarantee awards. Investors await Redwire’s next earnings update, expected in early March.
28 January 2026
Amazon layoffs 2026: 16,000 more jobs cut as AI push and anti-bureaucracy drive deepen

Amazon layoffs 2026: 16,000 more jobs cut as AI push and anti-bureaucracy drive deepen

Amazon said Wednesday it will cut about 16,000 jobs, expanding its ongoing layoffs ahead of next week’s earnings report. The move follows 14,000 job cuts in October and targets roles in AWS, retail, Prime Video, and HR. Most affected U.S. employees will have 90 days to find new internal roles. The company cites AI adoption and post-pandemic over-hiring as reasons for the cuts.
Heating oil price today: ULSD slips from storm spike as diesel stocks data looms

Heating oil price today: ULSD slips from storm spike as diesel stocks data looms

February NY Harbor ULSD futures fell 0.8% to $2.6250 a gallon in early Wednesday trade; March rose 0.7% to $2.4269. U.S. crude production losses from winter storms reached up to 2 million barrels per day, with Gulf Coast exports briefly halted. Brent dropped 39 cents to $67.18 a barrel, WTI down 22 cents to $62.17. Traders await the U.S. weekly petroleum report after 10:30 a.m. ET.
28 January 2026
Natural gas price today: Henry Hub swings lower as traders brace for expiry and storage data

Natural gas price today: Henry Hub swings lower as traders brace for expiry and storage data

U.S. Henry Hub natural gas for February fell about 8% to near $6.40 per mmBtu in early Wednesday trading, reversing gains from a storm-driven rally earlier in the week. Freeze-offs peaked at 17 billion cubic feet on Jan. 25, sharply reducing output. Export flows from Gulf Coast ports briefly halted over the weekend before resuming. The March contract traded around $3.60, down 6%.
28 January 2026
Lithium price slips in China as Albemarle, SQM stocks edge up premarket — what to watch next

Lithium price slips in China as Albemarle, SQM stocks edge up premarket — what to watch next

Albemarle rose 2.4% and Lithium Americas jumped 4.9% in U.S. premarket trading, while China’s battery-grade lithium carbonate price slipped 500 yuan to 172,000 yuan per ton. Chile’s SQM finalized its merger with Codelco’s lithium unit after a Supreme Court ruling. Sigma Lithium sold 100,000 metric tons of ore and is restarting its mine this month.
Brent oil price steadies near 4-month high after U.S. storm hits exports; OPEC+ and inventories next

Brent oil price steadies near 4-month high after U.S. storm hits exports; OPEC+ and inventories next

Brent crude fell 39 cents to $67.18 a barrel Wednesday, after storm outages cut U.S. production by up to 2 million barrels per day and disrupted Gulf Coast exports. Kazakhstan’s Tengiz field is restarting after a fire, with officials targeting full output within a week. The U.S. plans to ease some sanctions on Venezuela’s energy sector, potentially increasing heavy crude flows to Gulf Coast refiners. The dollar index remains near four-year lows.
28 January 2026
Wall Street’s Fed Day: US stock futures rise as traders eye today’s economic calendar and Big Tech earnings

Wall Street’s Fed Day: US stock futures rise as traders eye today’s economic calendar and Big Tech earnings

S&P 500 E-minis rose 0.36% and Nasdaq 100 E-minis gained 0.9% premarket, led by chipmakers after Texas Instruments’ upbeat outlook. Nvidia, Intel, and Seagate advanced. Tuesday, the S&P 500 closed at a record high while health insurer stocks slumped on weak Medicare payment news. The Fed is expected to hold rates steady later Wednesday.
Oil prices hover near four-month high after U.S. storm froze exports; inventories and OPEC+ next

Oil prices hover near four-month high after U.S. storm froze exports; inventories and OPEC+ next

Brent crude fell 35 cents to $67.22 a barrel premarket Wednesday, while WTI slipped 21 cents to $62.18, easing after a storm-driven rally. U.S. crude exports dropped to zero Sunday before rebounding to 4.4 million barrels per day Monday as Gulf Coast ports reopened. Kazakhstan’s Tengiz field remains under force majeure with output recovery slower than expected. Traders await U.S. inventory data and the Feb. 1 OPEC+ meeting.
28 January 2026
Mortgage rates today hover near 6% ahead of Fed decision as housing stocks wobble

Mortgage rates today hover near 6% ahead of Fed decision as housing stocks wobble

Mortgage rates hovered near 6% early Wednesday, with Zillow showing a 30-year fixed at 5.99%. Homebuilder stocks fell before the open, with ITB down 1.3% and XHB off 1.2%. SFS Corp, linked to UWM CEO Mat Ishbia, sold nearly 1.9 million UWM shares last week. The Fed is expected to hold rates steady at its policy meeting Wednesday.
Silver price today: XAG/USD near $113 after record run as Fed decision looms

Silver price today: XAG/USD near $113 after record run as Fed decision looms

Spot silver slipped 0.2% to $112.82 an ounce Wednesday, after hitting a record $117.69 on Monday. The CME raised margin requirements on Comex silver futures following sharp price swings and record trading volumes. The dollar hovered near four-year lows ahead of the Federal Reserve’s policy decision later today. Silver-linked stocks and Indian silver imports also jumped amid volatility.
S&P 500 futures edge up before Fed decision as Texas Instruments pops on AI data-center demand

S&P 500 futures edge up before Fed decision as Texas Instruments pops on AI data-center demand

S&P 500 futures rose 0.32% and Nasdaq 100 futures gained 0.72% early Wednesday ahead of the Federal Reserve’s policy decision and major tech earnings. Texas Instruments jumped about 9% premarket after strong AI-driven results, while Seagate Technology climbed on robust cloud demand. The S&P 500 closed Tuesday at 6,978.60, up 0.41%. Investors remain focused on Fed signals for rate cuts later this year.
Dow Jones today: Dow futures inch up as Fed decision and Big Tech earnings loom

Dow Jones today: Dow futures inch up as Fed decision and Big Tech earnings loom

Dow futures rose about 30 points ahead of the Fed’s policy decision, with S&P 500 and Nasdaq 100 futures also up. Health insurers slumped after U.S. officials proposed a 0.09% Medicare Advantage payment hike, far below expectations. The Dow fell 409 points Tuesday, dragged by UnitedHealth, Humana, and CVS losses, while the S&P 500 and Nasdaq hit records on tech gains. Microsoft and Meta will report earnings Wednesday.
AI stocks are moving before the bell: Nvidia rises as Microsoft, Meta earnings loom

AI stocks are moving before the bell: Nvidia rises as Microsoft, Meta earnings loom

Nvidia rose 1.7% and Intel jumped 6.6% in premarket trading Wednesday, leading gains among chip stocks. Microsoft and Meta are set to report earnings after the bell, with investors focused on AI spending and margins. ASML raised its 2026 sales forecast after strong bookings but announced 1,700 job cuts. SK Hynix posted record quarterly profit on surging demand for AI server memory.

Stock Market Today

Wells Fargo stock jumps to $93.97 — here’s what could move WFC next week

Wells Fargo stock jumps to $93.97 — here’s what could move WFC next week

7 February 2026
New York, Feb 7, 2026, 15:11 EST — Market closed. Wells Fargo & Company shares closed up 2.63% at $93.97 on Friday, shaking off the prior session’s dip as U.S. stocks rallied late in a volatile week for risk assets. (MarketWatch) The move matters because banks have been trading on the same big levers driving the broader tape: shifting bets on interest rates and a rotation out of crowded tech trades. Angelo Kourkafas, a strategist at Edward Jones, called rotation “the dominant theme” this year as investors spread out beyond technology, while Deutsche Bank’s Jim Reid warned in a note
Toyota stock price rises on CEO shake-up and higher profit outlook as buyout deadline nears

Toyota stock price rises on CEO shake-up and higher profit outlook as buyout deadline nears

7 February 2026
Toyota shares rose 2% to 3,780 yen Friday after the company raised its full-year profit forecast and announced CFO Kenta Kon will replace CEO Koji Sato on April 1. Third-quarter net revenues climbed 6.8% to 38.087 trillion yen, but North America posted a 5.6 billion yen operating loss. Toyota’s U.S. ADRs closed up 2.9%. The tender offer for Toyota Industries shares closes Feb. 12.
HSBC share price bounces back after BoE split vote — what to watch before Feb 25 results

HSBC share price bounces back after BoE split vote — what to watch before Feb 25 results

7 February 2026
HSBC shares closed up 2.2% at £13.06 on Friday, reversing Thursday’s drop as traders weighed possible Bank of England rate cuts and awaited the bank’s annual results on Feb. 25. The FTSE 100 rose 0.6%, with major UK banks also gaining. HSBC is also preparing to cut some banker bonuses and push out underperformers amid a cost reset. Key UK, U.S., and euro zone economic data are due next week.
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