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Business News News 7 January 2026

Nike stock slides after RTFKT NFT unit sale report as RBC trims price target

Nike stock slides after RTFKT NFT unit sale report as RBC trims price target

New York, January 7, 2026, 14:56 EST — Regular session Nike shares fell 2.5% on Wednesday, down $1.65 at $63.70 in afternoon trading after earlier touching $65.58. The drop lands as investors keep testing how quickly CEO Elliott Hill can steady demand and margins. This week’s headlines – a reported sale of a digital unit and another trim to Street…
Compass stock jumps as Q4 outlook lifts and $750 million notes plan lines up for Anywhere deal

Compass stock jumps as Q4 outlook lifts and $750 million notes plan lines up for Anywhere deal

NEW YORK, Jan 7, 2026, 14:24 (ET) — Regular session Compass, Inc. (NYSE: COMP) shares jumped 13.4% to $12.28 in afternoon trading on Wednesday after swinging between $9.90 and $12.54, with about 68 million shares changing hands. The real estate brokerage lifted its fourth-quarter outlook, projecting revenue at the high end of its $1.59 billion to $1.69 billion range and…
Seagate (STX) stock slides as AI storage rally cools after record run

Seagate (STX) stock slides as AI storage rally cools after record run

New York, Jan 7, 2026, 14:02 ET — Regular session Shares of Seagate Technology Holdings plc fell about 7% on Wednesday, giving back part of a sharp rally that pushed the data-storage maker to record highs a day earlier. The stock was down around 7.2% at $306.74 in afternoon trading, after dipping to roughly $299. Tuesday’s jump put Seagate in…
Bloom Energy stock jumps as $600 million Wells Fargo credit line and $502 million Quanta microgrid deal draw fresh attention NEW YORK,

Bloom Energy stock jumps as $600 million Wells Fargo credit line and $502 million Quanta microgrid deal draw fresh attention NEW YORK,

Jan 7, 2026, 11:43 EST — Regular session Bloom Energy Corp (NYSE: BE) shares rose 8.1% to $111.38 on Wednesday, lifting off an intraday low of $100.87, as investors refocused on a new $600 million bank line and a large fuel-cell microgrid purchase linked to Quanta. The stock hit an intraday high of $111.41 and traded more than 8.3 million…
Netflix stock dips after Warner rejects Paramount bid, with earnings two weeks away

Netflix stock dips after Warner rejects Paramount bid, with earnings two weeks away

New York, Jan 7, 2026, 10:52 EST — Regular session Netflix shares slipped on Wednesday after Warner Bros Discovery urged shareholders to reject Paramount Skydance’s $30-per-share hostile bid and reaffirmed Netflix’s $27.75-a-share cash-and-stock agreement, valued at about $82.7 billion. Netflix was down 0.3% at $90.42, while Warner rose 0.2% and Paramount Skydance fell 0.5%. Warner said walking away from the…
GameStop dangles a $35 billion Ryan Cohen payday — but only if GME hits $100 billion

GameStop dangles a $35 billion Ryan Cohen payday — but only if GME hits $100 billion

GRAPEVINE, Texas, January 7, 2026, 09:30 CST GameStop on Wednesday granted CEO Ryan Cohen a performance-based stock option award that could be worth roughly $35 billion if he can lift the videogame retailer’s market value to $100 billion and meet profit targets, Reuters calculated. The package offers no guaranteed salary or cash bonus, the company said. Reuters The unusually steep…
NIO stock ticks up as CATL battery-swap pact, millionth-vehicle milestone hit tape

NIO stock ticks up as CATL battery-swap pact, millionth-vehicle milestone hit tape

NEW YORK, Jan 7, 2026, 09:45 (EST) — Regular session NIO Inc shares were up 0.2% at $4.79 in early New York trading on Wednesday after battery maker CATL said it had signed a five-year cooperation agreement with the Chinese electric-vehicle maker. U.S.-listed peers XPeng and Li Auto were down, while Tesla slipped slightly. Gasgoo Auto News The pact puts…
Micron stock in focus as $100B New York “megafab” groundbreaking gets a date

Micron stock in focus as $100B New York “megafab” groundbreaking gets a date

NEW YORK, Jan 7, 2026, 09:47 EST — Regular session Micron Technology said on Wednesday it will break ground on its planned New York megafab on Jan. 16, kicking off what it calls a $100 billion project that would be the largest U.S. semiconductor manufacturing facility, with up to four fabs. Shares were down 0.1% at $342.97 in early Nasdaq…
Grab stock gets a robotics jolt in premarket as Infermove deal puts delivery costs in focus

Grab stock gets a robotics jolt in premarket as Infermove deal puts delivery costs in focus

NEW YORK, January 7, 2026, 09:03 EST — Premarket Grab Holdings Limited shares were up about 1% in premarket trade on Wednesday, extending the prior session’s rally as investors digested the company’s push into delivery automation. Public The Southeast Asian ride-hailing and food delivery firm said on Tuesday it bought China-based Infermove, a developer of AI-enabled robotics solutions, with the…
American Airlines stock steadies premarket as free Wi‑Fi plan lands and UBS lifts target

American Airlines stock steadies premarket as free Wi‑Fi plan lands and UBS lifts target

NEW YORK, Jan 7, 2026, 08:41 EST — Premarket American Airlines Group Inc shares (AAL.O) were little changed in premarket trade on Wednesday after the carrier flagged a push to make in-flight internet free for loyalty-program members. The stock was up about 0.1% at $15.68, after closing down 1.01% at $15.67 on Tuesday. It traded between $15.60 and $16.16 in…
Warner Bros Discovery rejects Paramount’s $108.4 billion bid again, sticks with Netflix deal

Warner Bros Discovery rejects Paramount’s $108.4 billion bid again, sticks with Netflix deal

LOS ANGELES, Jan 7, 2026, 04:40 PST Warner Bros Discovery said on Wednesday its board rejected Paramount Skydance’s revised $108.4 billion hostile bid and reaffirmed support for a competing deal with Netflix. It urged shareholders to ignore Paramount’s tender offer, a bid made directly to investors to buy their shares. Reuters The rebuff keeps a rare, public fight for a…
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Stock Market Today

  • ASX 200 Market Update: Housing Growth Slows, Hot Chili Trading Halt, GrainCorp Earnings Miss
    February 1, 2026, 6:01 PM EST. Australian home values edged up 0.8% in January, slowing growth amid affordability and credit pressures. Sydney and Melbourne markets remain below prior peaks. Supply constraints support the market as listings fall 19% from last year. Lower-priced homes outperformed, driven by first-time buyers, said Cotality's Tim Lawless. Meanwhile, Hot Chili (HCH) requested a trading halt for a pending capital raise announcement after a 15% year-to-date rally. Copper stocks face pressure following overnight commodity selloff. GrainCorp guided earnings far below estimates for FY26, citing oversupply and weak prices in global grain markets, with net profit after tax forecasted at $20-50 million versus $85 million expected. Lower volumes and margin pressure persist amid export declines and cautious biofuels policy outlook.
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