Wells Fargo stock slides as Trump’s credit-card cap talk hits banks ahead of earnings

Wells Fargo stock slides as Trump’s credit-card cap talk hits banks ahead of earnings

New York, Jan 12, 2026, 20:58 ET — Market closed. Wells Fargo & Co shares dropped roughly 1% on Monday, last trading at $94.96. Investors digested remarks from U.S. President Donald Trump on limiting credit-card interest rates. The stock’s dip coincided with traders bracing for a busy slate of U.S. bank earnings this week. (Investopedia) Timing is key as Wall Street’s top lenders kick off earnings before Tuesday’s open, with credit cards once again grabbing attention as a profit engine. Traders want early clues on consumer strength and whether execs spot fresh policy risks creeping into 2026 forecasts. (Barron’s) Wells
AST SpaceMobile stock in focus after AT&T FirstNet sets first-half 2026 satellite target

AST SpaceMobile stock in focus after AT&T FirstNet sets first-half 2026 satellite target

New York, January 12, 2026, 20:10 EST — The market has closed. AST SpaceMobile’s shares closed Monday up 0.7% at $98.39, following news that AT&T’s FirstNet unit plans to roll out satellite coverage for first responders by mid-2026. “You need a layered approach,” said FirstNet President Scott Agnew. Still, Recon Analytics analyst Roger Entner noted AST is “significantly behind” SpaceX’s Starlink project. (Fierce Network) The timing is crucial, setting a near-term checkpoint on a trade fueled more by milestones and deadlines than by earnings strength. For AST, the FirstNet rollout represents a prominent early use case—one that often punishes outages
ServiceNow stock rises after Goldman initiates coverage as CPI, earnings near

ServiceNow stock rises after Goldman initiates coverage as CPI, earnings near

New York, Jan 12, 2026, 20:16 EST — The market has closed. ServiceNow shares rose 0.6% to $142.64 in late Monday trading. Goldman Sachs kicked off coverage with a Buy rating and set a $205 price target — that’s the analyst’s forecast for where the stock might trade over the next year. (Investing.com) The timing is crucial as big-cap software stocks have been tossed around by shifting rate expectations and renewed “show me” skepticism before earnings. Traders pricing in prolonged higher rates usually discount high-growth names, given their cash flows are projected further into the future. The rate outlook changed
Pfizer stock dips as CEO says obesity-drug cash-pay demand looks “almost like Viagra”

Pfizer stock dips as CEO says obesity-drug cash-pay demand looks “almost like Viagra”

New York, January 12, 2026, 20:17 (EST) — Market closed. Pfizer Inc. shares fell on Monday after Chief Executive Albert Bourla said the cash-pay market for obesity drugs — where patients pay out of pocket — now works “almost like Viagra”, the erectile-dysfunction drug Pfizer launched in 1998. The company, which bought obesity developer Metsera in a deal valued at up to $10 billion and has said it does not expect to return to revenue growth until 2029, closed down 0.8% at $25.27. (Reuters) The remarks land as Pfizer tries to convince investors its post-COVID reset is more than cost
Salesforce (CRM) stock: Goldman starts with a Buy, Barclays lifts target — what to watch before Tuesday

Salesforce (CRM) stock: Goldman starts with a Buy, Barclays lifts target — what to watch before Tuesday

New York, January 12, 2026, 20:14 EST — The market has closed. Salesforce, Inc. (CRM) shares dipped about 0.2% Monday, even as Goldman Sachs kicked off coverage with a Buy rating and a $330 price target. The stock wrapped at $259.40, after fluctuating between $255.81 and $261.55 during the session. Goldman’s price target implies roughly 27% upside from that close. (TipRanks) The call comes amid Wall Street’s scramble to figure out which software stocks will translate AI capabilities into actual paying customers in 2026. The mood remains upbeat: the S&P 500 ticked up 0.2%, closing at a new high on
SoFi stock drops late Monday as Trump’s credit-card cap idea collides with loan-market nerves

SoFi stock drops late Monday as Trump’s credit-card cap idea collides with loan-market nerves

New York, January 12, 2026, 20:22 EST — The market has closed. Shares of SoFi Technologies (SOFI.O) finished Monday down 3% at $26.60, slipping after earlier climbing as much as 2.3% during a choppy session. The late slide is significant since SoFi is a major player in personal loans. Washington’s renewed scrutiny on credit-card pricing has traders revisiting their forecasts for consumer borrowing. A cap on credit-card APRs (the interest rate charged on cards) might force banks to tighten credit limits and push borrowers toward installment loans. But it could also dampen demand if credit availability shrinks. On Friday, U.S.
Verizon stock in focus after FCC rewrites phone-unlocking rule tied to fraud losses

Verizon stock in focus after FCC rewrites phone-unlocking rule tied to fraud losses

New York, January 12, 2026, 20:18 ET — Market closed Verizon Communications Inc shares open Tuesday following an update from regulators. The Federal Communications Commission has altered a rule that forced Verizon to unlock phones 60 days after activation. Verizon lobbied for this change, arguing to the agency that the policy was leading to hundreds of millions in annual losses due to fraud. (Reuters) Unlocking allows customers to switch their handset to a different carrier. However, Verizon argues this also makes stolen phones easier to flip, sparking their concerns about lost revenue. Verizon closed Monday down 1.5% at $39.84, after
GE Aerospace stock heads into earnings week as Airbus flags engine delays and brokers tweak targets

GE Aerospace stock heads into earnings week as Airbus flags engine delays and brokers tweak targets

NEW YORK, Jan 12, 2026, 8:14 PM EST — Market closed GE Aerospace (GE) shares closed Monday at $324.17, up 0.8%, following Wolfe Research’s update. The firm lifted its price target to $360 from $340 and kept its Outperform rating. (MarketScreener) U.S. markets were closed Monday, shifting focus as stocks head into Tuesday toward a familiar issue: can jetmakers secure enough engines and parts to maintain their assembly lines? GE’s earnings report next week has traders watching supply chain updates closely, keeping aerospace stocks in the spotlight. Airbus voiced worries Monday over engine deliveries from Pratt & Whitney, owned by
Alnylam stock sinks nearly 7% after Amvuttra revenue miss; what to watch next for ALNY

Alnylam stock sinks nearly 7% after Amvuttra revenue miss; what to watch next for ALNY

New York, Jan 12, 2026, 20:02 EST — Market closed Alnylam Pharmaceuticals’ shares fell sharply on Monday after the drugmaker’s preliminary fourth-quarter sales for its flagship heart drug Amvuttra came in below Wall Street expectations. The decline hit as investors digested the company’s new five-year strategy and 2026 revenue outlook, rolled out around the J.P. Morgan Healthcare Conference in San Francisco. Why it matters now: early-January “preannouncements” can reset the bar ahead of earnings season, and Amvuttra has become Alnylam’s core growth driver. A small miss on that product can outweigh upbeat long-range targets, at least for a session or
AbbVie stock flat after-hours as TrumpRx pricing deal and RemeGen cancer pact land

AbbVie stock flat after-hours as TrumpRx pricing deal and RemeGen cancer pact land

New York, Jan 12, 2026, 19:48 EST — After-hours AbbVie shares barely moved in after-hours Monday following a new three-year pricing pact with the Trump administration. The drugmaker also announced two deals to strengthen its pipeline and boost U.S. manufacturing. The stock slipped less than 0.1% to $220.04. The timing is crucial as Washington ramps up pressure on drugmakers over pricing, while trade policy and tariffs linger in corporate discussions. Investors are sorting out which costs are truly significant versus just noise. AbbVie’s moves bring policy risk, dealmaking, and capital spending into one sharp focus. With earnings season approaching for
Coinbase stock inches up as stablecoin rewards fight hits the Senate — what traders watch next for COIN

Coinbase stock inches up as stablecoin rewards fight hits the Senate — what traders watch next for COIN

New York, Jan 12, 2026, 19:47 (EST) — Trading extended into after-hours. Shares of Coinbase Global ended Monday roughly 0.9% higher at $242.98, holding steady in after-hours trading. The move follows a Bloomberg News report that the crypto exchange is stepping up pressure on U.S. lawmakers regarding “stablecoin rewards” ahead of a crucial Senate markup this week. (Bloomberg Law) The stakes couldn’t be clearer. Stablecoins—crypto tokens meant to maintain a steady value, often pegged to the U.S. dollar—have become a bigger revenue driver for Coinbase. As crypto prices fluctuate, Coinbase’s income from stablecoin balances has taken on greater importance. In
Amphenol stock pops after $10.5B CommScope CCS deal closes — what to watch next

Amphenol stock pops after $10.5B CommScope CCS deal closes — what to watch next

New York, January 12, 2026, 19:50 EST — Trading after hours. Amphenol Corp shares stayed steady in after-hours Monday following the completion of its $10.5 billion cash deal to acquire CommScope’s Connectivity and Cable Solutions business. Wall Street views the move as a straightforward bet on data-center and network expansion. A regulatory filing noted Amphenol will release financials for the acquired unit and pro forma numbers in a forthcoming amendment. The timing is crucial as Amphenol aims to secure scale while customers ramp up spending on faster, denser connectivity within data centers. This acquisition also expands its presence in fiber

Stock Market Today

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

7 February 2026
Nvidia surged 7.8% Friday, leading a chip stock rally that pushed the Dow above 50,000 for the first time. The PHLX semiconductor index gained 5.7% as Advanced Micro Devices rose 8.3% and Broadcom 7.1%. Amazon fell 5.6% after projecting $200 billion in 2026 capital spending. Investors weighed a $600 billion AI infrastructure outlay against sharp losses in software shares.
Glencore share price steadies after Rio Tinto walks away — what to watch next week

Glencore share price steadies after Rio Tinto walks away — what to watch next week

7 February 2026
Glencore shares closed up 0.6% at 478.1 pence Friday, rebounding after a 7% drop following the collapse of merger talks with Rio Tinto. The company is expected to announce the sale of its Kazzinc stake soon and has signed a non-binding agreement with Orion for a potential $9 billion deal in the DRC. Investors await Glencore’s full-year results on Feb. 18 for further guidance.
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