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Business News News 28 January 2026

Western Digital stock jumps 11% as storage shares rally on AI demand signals

Western Digital stock jumps 11% as storage shares rally on AI demand signals

Western Digital shares jumped 11.2% to $280.94 Wednesday, hitting a new intraday high of $281.61, as Seagate soared 19.7% on strong data-center demand signals. The S&P 500 topped 7,000 for the first time. Investors are watching Western Digital’s earnings report Thursday for updates on hard drive pricing and volumes. Mizuho raised its price target to $265, citing continued supply tightness.
28 January 2026
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Roper stock slips again after outlook miss; Deltek in focus as U.S. funding deadline nears

Roper stock slips again after outlook miss; Deltek in focus as U.S. funding deadline nears

Roper Technologies shares fell about 2% Wednesday after its 2026 revenue and profit forecast missed analyst estimates. The company cited weaker demand at its Deltek division, which serves government contractors, and warned that possible U.S. government shutdowns could further impact business. Fourth-quarter revenue reached $2.06 billion, with adjusted EPS at $5.21. Stifel downgraded the stock and cut its price target sharply.
28 January 2026
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Salesforce stock edges higher as $5.6 billion U.S. Army deal keeps CRM in focus

Salesforce stock edges higher as $5.6 billion U.S. Army deal keeps CRM in focus

Salesforce shares rose 0.3% to $229.28 by midday after announcing a 10-year U.S. Army contract with a $5.6 billion ceiling. The agreement, routed through its Computable Insights unit, allows future orders but does not guarantee the full amount. Investors are awaiting the next earnings call for details on revenue impact. The stock outperformed Microsoft, ServiceNow, and Oracle during the session.
28 January 2026
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Corning stock slides as traders digest Q1 outlook and Meta’s $6 billion fiber deal

Corning stock slides as traders digest Q1 outlook and Meta’s $6 billion fiber deal

Corning shares fell 3.2% to $106.18 by late morning Wednesday after volatile trading. The company reported fourth-quarter core sales up 14% to $4.41 billion and expects first-quarter core sales of $4.2–$4.3 billion, above estimates. Corning and Meta announced a U.S. data-center supply deal worth up to $6 billion, driving expansion in North Carolina.
28 January 2026
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Netflix stock price slips as Senate sets Feb. 3 hearing on Warner deal, NFLX traders eye next catalysts

Netflix stock price slips as Senate sets Feb. 3 hearing on Warner deal, NFLX traders eye next catalysts

Netflix shares fell 0.8% to $84.92 as the Senate Judiciary antitrust subcommittee set a Feb. 3 hearing on Netflix’s $83 billion bid for Warner Bros Discovery assets. Senator Mike Lee warned the deal could sideline a competitor and pressed both firms on data safeguards. Warner Bros Discovery shares slipped 0.3%. The S&P 500 rose 0.3%, passing 7,000.
28 January 2026
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BigBear.ai stock pops early on AD Ports partnership — and a share-vote deadline is looming

BigBear.ai stock pops early on AD Ports partnership — and a share-vote deadline is looming

BigBear.ai shares rose 0.6% to $6.20 after announcing a partnership with AD Ports Group to develop AI tools for customs and border operations. The deal aims to speed up cargo handling and improve security at entry ports. Financial terms were not disclosed. Investors are watching a Feb. 17 vote on whether to double the company’s authorized shares.
28 January 2026
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Ondas stock rises after Optimus drone lands DCMA Blue List approval

Ondas stock rises after Optimus drone lands DCMA Blue List approval

Ondas shares rose nearly 3% Wednesday after its Optimus drone was added to the DCMA Blue List, the U.S. government’s directory of approved commercial drones. The stock reached $12.62 by late morning with heavy trading. Investors are watching for possible federal contract wins and the company’s upcoming earnings report, expected in March.
28 January 2026
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BKYI stock jumps premarket after BIO-key lands Portugal digital identity deal with Visualforma

BKYI stock jumps premarket after BIO-key lands Portugal digital identity deal with Visualforma

BIO-key shares jumped about 36% to $0.74 in premarket trading after announcing a contract to deploy its biometric solutions across over 250 Portuguese public-sector organizations. The company remains below Nasdaq’s $1 minimum bid price and has until May 2026 to regain compliance or face delisting. Financial terms of the Portugal deal were not disclosed. BKYI closed Tuesday at roughly $0.55.
28 January 2026
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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.
28 January 2026
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FTSE 100 today slips as pound jumps and gold hits $5,300; Marston’s dives

FTSE 100 today slips as pound jumps and gold hits $5,300; Marston’s dives

FTSE 100 fell 0.3% to 10,177.85 as a stronger pound hit overseas earners. Gold reached a record above $5,300 an ounce, boosting miners, while Marston’s dropped up to 16% on flat 17-week sales. Traders awaited the U.S. Fed’s policy decision later Wednesday. Oil prices eased but held near four-month highs after U.S. supply disruptions.
28 January 2026
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Stock Market Today

Northern Star Resources share price dips into weekend as $50m Central Tanami deal closes

Northern Star Resources share price dips into weekend as $50m Central Tanami deal closes

7 February 2026
Northern Star Resources fell 1.7% to A$26.77 Friday, extending losses as gold miners and the broader market declined. MGX Resources completed its A$50 million purchase of a 50% stake in the Central Tanami Gold Project from Northern Star. The All Ordinaries Gold index dropped 3.24%. CME Group raised COMEX gold futures margin requirements to 9% amid volatility.
PLS Group share price slips into weekend as Morgan Stanley and MUFG filings land

PLS Group share price slips into weekend as Morgan Stanley and MUFG filings land

7 February 2026
PLS Group shares closed at A$4.12 Friday, down 1.2% after a 3.7% drop Thursday. Morgan Stanley and Mitsubishi UFJ Financial Group disclosed increased voting power in the lithium miner, both citing changes dated Feb. 2. The moves came as lithium prices fell and Australian equities posted their sharpest drop in months. PLS reports interim results Feb. 19.
Commonwealth Bank share price near A$159 as CBA earnings, dividend week looms after ASX rout

Commonwealth Bank share price near A$159 as CBA earnings, dividend week looms after ASX rout

7 February 2026
Commonwealth Bank of Australia shares closed at A$158.91, down 0.23% Friday, as the S&P/ASX 200 fell 2.03% and nearly A$70 billion was wiped from the market. The bank reports half-year results and an interim dividend on Feb. 11, with shares going ex-dividend Feb. 18. CBA flagged a A$68 million provision linked to ASIC’s Better Banking review. The RBA raised rates to 3.85% on Feb. 3, with CBA passing on the increase from Feb. 13.
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