Today: 4 July 2026

PayPal dumps CEO Alex Chriss, taps HP chief Enrique Lores as earnings miss and dividend debut jolt stock

PayPal dumps CEO Alex Chriss, taps HP chief Enrique Lores as earnings miss and dividend debut jolt stock

PayPal announced it will replace CEO Alex Chriss with Enrique Lores, currently leading HP Inc., following a gloomy profit forecast that sent shares tumbling in premarket action. Jamie Miller steps in as interim CEO, while David W. Dorman takes over as independent board chair, the company said. https://www.bloomberg.com/news/articles/2026-02-03/paypal-names-hp-s-enrique-lores-to-replace-ceo-alex-chriss The board acted after assessing PayPal’s standing against rivals and concluding that “the pace of change and execution” wasn’t meeting expectations. This shake-up comes as payments companies race to find growth, with PayPal’s core checkout button no longer dominating the scene. https://www.ft.com/content/81a4c10f-dc31-4faa-a2c6-a6b12a48b910
3 February 2026
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SpaceX buys Musk’s xAI in record $1.25 trillion deal as space stocks jump premarket

SpaceX buys Musk’s xAI in record $1.25 trillion deal as space stocks jump premarket

New York, February 3, 2026, 08:26 — Premarket SpaceX has snapped up Elon Musk’s AI startup xAI, merging its rocket and satellite operations with the creators of the Grok chatbot. A source close to the deal pegged SpaceX’s valuation at $1 trillion and xAI’s at $250 billion—up from recent secondary-market estimates around $800 billion and $230 billion, respectively. xAI investors will get 0.1433 SpaceX shares per xAI share, the source added, with some execs able to cash out at $75.46 per share. PitchBook analyst Ali Javaheri highlighted Starlink as a “cash flow engine” amid LSEG data showing this is now the biggest M&A deal ever, beating Vodafone’s 2000 Mannesmann acquisition.
3 February 2026
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PayPal picks HP’s Enrique Lores as CEO as weak outlook, earnings miss send shares sliding

PayPal picks HP’s Enrique Lores as CEO as weak outlook, earnings miss send shares sliding

PayPal on Tuesday chose Enrique Lores as its next CEO, following a profit forecast for 2026 that came in below expectations. The announcement knocked the stock down nearly 16% in premarket trading. The payments giant also posted holiday-quarter results that missed Wall Street estimates and revealed that growth in its higher-margin “branded checkout” button on merchant sites slowed to just 1%. This raised new concerns about competition from Apple, Google, and other rivals. The timing is crucial since the December quarter typically boosts payments companies. Investors see PayPal’s branded checkout gains as a key test of its ability to hold onto core business amid cautious shoppers. The board’s decision to change CEOs during this pivotal period shows dwindling tolerance for gradual progress, even as the company juggles growth initiatives and cost control.
3 February 2026
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Epstein files spark fresh Wall Street question: which stocks could feel the heat?

Epstein files spark fresh Wall Street question: which stocks could feel the heat?

NEW YORK, Feb 3, 2026, 08:16 ET — Premarket Shares of Tesla dropped roughly 2% in early premarket trading Tuesday, while Microsoft slipped about 1.6%. Investors weighed the potential fallout from new U.S. Department of Justice revelations concerning Jeffrey Epstein, wondering if they might trigger boardroom upheavals or legal battles. Tesla traded at $421.81 and Microsoft at $423.37 in those early moves.
3 February 2026
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Heating oil price today: Futures rebound after Monday rout as Iran talks and milder forecasts hit demand

Heating oil price today: Futures rebound after Monday rout as Iran talks and milder forecasts hit demand

NEW YORK, Feb 3, 2026, 06:42 EST — Premarket U.S. heating oil futures crept up early Tuesday, clawing back some losses after Monday’s sharp drop. The March contract added 1.9 cents, or 0.8%, to $2.3791 a gallon by 6:42 a.m. EST, according to Investing.com data. Overnight, it ranged between $2.3335 and $2.3826. Brent and U.S. crude also nudged higher, up roughly 0.1% to 0.2%.
3 February 2026
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Brent price holds near $66 after Monday slide as OPEC+ stands pat and Iran talks loom

Brent price holds near $66 after Monday slide as OPEC+ stands pat and Iran talks loom

London, February 3, 2026, 11:35 — Regular session. Brent crude futures rose 7 cents, or 0.1%, to $66.37 a barrel by 1048 GMT, recovering from an early dip to $65.19, the lowest in a week. U.S. West Texas Intermediate was up 13 cents at $62.27 after both benchmarks slid more than 4% on Monday; Cavendish analysts said “rapid shifts in financial flows” had amplified the moves. OANDA senior market analyst Kelvin Wong said the swings tracked a “geopolitical risk premium” — the extra dollars paid for crude when traders fear supply disruption — tied to Washington’s on-off threats toward Iran.
3 February 2026
Crude oil price today: Brent steadies near $66 after a 4% slide as Iran talks loom

Crude oil price today: Brent steadies near $66 after a 4% slide as Iran talks loom

Singapore, Feb 3, 2026, 19:32 SGT — Regular session Oil prices found some footing on Tuesday after tumbling sharply the day before. Traders eased up on geopolitical jitters, refocusing on supply concerns and the strength of the dollar. By 1048 GMT, Brent crude futures inched up 7 cents to $66.37 a barrel. U.S. West Texas Intermediate climbed 13 cents to $62.27. Both benchmarks had earlier slipped to one-week lows—Brent at $65.19, WTI at $61.12.
3 February 2026
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Stock Market Today

  • Patterson-UTI (PTEN) Slides After Q1 Beat; Water Solutions Tops Peers
    July 3, 2026, 7:05 PM EDT. Oilfield services names turned in uneven Q1 results. The group beat revenue consensus by 3.8% but still averaged a 14.3% drop in share price. Patterson-UTI (NASDAQ:PTEN), with its 135 advanced rigs, posted revenue of $1.12 billion, down 12.7% over last year but 1.2% above analyst targets. PTEN delivered beats on both EPS and EBITDA, yet shares tumbled 19.9% to $8.66 after earnings as investors stuck to worries over low commodity prices. Select Water Solutions (NYSE:WTTR) led on revenue, topping estimates by 6.8%, even as sales dropped 2.3% year-on-year. Oil price swings, tough competition, and the energy transition add to the sector's cloudy near-term picture.
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