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Business News 31 December 2025 - 7 January 2026

Phillips 66 buys UK Lindsey oil refinery assets — but says it won’t reopen the plant

Phillips 66 buys UK Lindsey oil refinery assets — but says it won’t reopen the plant

London, Jan 7, 2026, 08:31 (GMT) Phillips 66 Limited said it had agreed to acquire assets and associated infrastructure from Britain’s Lindsey Oil Refinery and integrate key facilities into its Humber Refinery in North Lincolnshire. The company said it will not restart Lindsey as a standalone refinery, and UK lead executive Paul Fursey called the deal “an important step” in investing in Britain’s energy security. Phillips 66 Investor Relations The move matters for the UK’s shrinking refining base because it keeps Lindsey offline as a crude-processing site and turns the transaction into a logistics and storage play around the Humber
7 January 2026
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Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

Octopus Energy’s Kraken lands $1bn funding round as spinout plans sharpen

London, January 6, 2026, 23:14 GMT Octopus Energy’s software arm Kraken has raised about $1 billion in its first standalone equity round, valuing the utility technology business at $8.65 billion, Ontario Teachers’ Pension Plan said on Monday. Octopus will keep a 13.7% stake in Kraken after the split, it said. OTPP The carve-out puts fresh capital behind a bet that utilities will pay up for modern systems as grids strain under electrification and more variable renewable power. It also aims to make Kraken easier to sell to rival suppliers by loosening its ties to Octopus, which operates a large retail
7 January 2026
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Nvidia stock slips as CEO says China H200 go-ahead will show in purchase orders

Nvidia stock slips as CEO says China H200 go-ahead will show in purchase orders

New York, Jan 6, 2026, 16:21 EST — After-hours Nvidia (NVDA) shares dipped in after-hours trading on Tuesday after CEO Jensen Huang said purchase orders, not a public declaration, would signal when Chinese customers can buy the company’s H200 data-center AI chip, a predecessor to its current flagship Blackwell products. The stock was down 0.5% at $187.32, after moving between $186.84 and $192.13 in the regular session. Reuters The update puts the spotlight back on China, where sales of top-end accelerators depend on U.S. export licenses — government approvals to ship. CFO Colette Kress said officials were “working feverishly” on
6 January 2026
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Novo Nordisk stock jumps premarket as $149 Wegovy pill hits U.S. market

Novo Nordisk stock jumps premarket as $149 Wegovy pill hits U.S. market

New York, January 6, 2026, 07:27 EST — Premarket Novo Nordisk’s U.S.-listed shares rose about 4% in premarket trading on Tuesday, extending gains after the Danish drugmaker began selling its once-daily Wegovy weight-loss pill in the United States. The stock was up at $57.29, compared with a prior close of $55.11. Public The launch lands as investors debate how fast the obesity-drug boom can grow without forcing deeper price cuts. It also puts fresh focus on political pressure in Washington to bring down prices for widely used weight-loss medicines. Novo’s push into pills matters because it aims at patients who
6 January 2026
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Apple stock slips as Foxconn flags iPhone-linked revenue dip and Samsung ramps up Galaxy AI

Apple stock slips as Foxconn flags iPhone-linked revenue dip and Samsung ramps up Galaxy AI

New York, January 5, 2026, 09:39 EST — Regular session Apple Inc (AAPL.O) shares slipped 0.3% to $271.01 in early trading on Monday, as investors weighed fresh signals from a key iPhone assembler and a rival’s aggressive push into AI-enabled phones. The read-through matters now because Apple’s stock is priced for steady growth, leaving little tolerance for demand or margin surprises as the first full week of 2026 gets underway. Supplier updates and competitor roadmaps often shape expectations before Apple provides its own quarterly outlook. That focus has sharpened as investors look for clues on whether new on-device AI features
5 January 2026
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Occidental shares jump after Berkshire closes $9.7 billion OxyChem acquisition

Occidental shares jump after Berkshire closes $9.7 billion OxyChem acquisition

HOUSTON, Jan 5, 2026, 07:21 ET Occidental Petroleum shares rose about 3% to $42.38 in early trading on Monday after Berkshire Hathaway closed its purchase of Occidental’s chemical business, OxyChem. The deal hands Occidental a rare lump of cash and removes an entire business line, leaving the Houston-based producer more tightly tied to oil and gas markets. Investors have been watching for signs the company can strengthen its finances while sticking to its core portfolio. For Berkshire, the acquisition adds a big U.S. industrial asset to a sprawling group that ranges from insurers to railroads and utilities. OxyChem’s products tend
5 January 2026
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Qualcomm stock gets CES spotlight after Toyota RAV4 chip news and CFO sale notice

Qualcomm stock gets CES spotlight after Toyota RAV4 chip news and CFO sale notice

NEW YORK, Jan 4, 2026, 15:40 ET — Market closed Qualcomm shares ended Friday up about 1.1% at $172.98 after the company said Toyota’s new RAV4 is now available with its Snapdragon Digital Chassis platform. Why this matters now is timing. Qualcomm heads into CES week with investors watching for signals on its push beyond smartphones into PCs and cars, two markets where design wins can translate into multi-year revenue streams. CES Macro is also on traders’ screens ahead of the next U.S. session. Federal Reserve Bank of Philadelphia President Anna Paulson said on Saturday that further rate cuts could
4 January 2026
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DJT stock edges up premarket as Trump Media doubles down on crypto token plan

DJT stock edges up premarket as Trump Media doubles down on crypto token plan

NEW YORK, Jan 2, 2026, 09:20 ET — Premarket Trump Media & Technology Group Corp shares were up 0.8% at $13.34 in premarket trading, after closing Dec. 31 at $13.24. The stock has ranged from $10.18 to $43.46 over the past 52 weeks. Investing The move keeps the Truth Social operator in the spotlight after it unveiled a plan to distribute a new cryptocurrency-style reward to shareholders. The company’s push comes as policy support for crypto has been building in Washington, and the White House has rejected conflict-of-interest allegations around Trump’s business interests, Reuters reported. Reuters In a Dec. 31
2 January 2026
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NIO posts record December deliveries as CEO says 1 millionth vehicle is days away

NIO posts record December deliveries as CEO says 1 millionth vehicle is days away

SHANGHAI, January 2, 2026, 07:19 ET NIO said on Thursday it delivered a record 48,135 vehicles in December 2025, up 54.6% from a year earlier, including 31,897 under its NIO brand, 9,154 under its family-oriented Onvo brand and 7,084 under its Firefly line. Fourth-quarter deliveries hit 124,807, up 71.7% year-on-year, while full-year deliveries reached 326,028, taking cumulative deliveries to 997,592 as of Dec. 31, the company said. nio.com+2EV+2 The monthly delivery update is a key gauge of demand and execution in China’s crowded electric-vehicle market. Deliveries — vehicles handed to customers — are a proxy for sales and can move
2 January 2026
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Split BP? New FT letter reignites break-up debate as India presses $30bn Reliance gas claim

Split BP? New FT letter reignites break-up debate as India presses $30bn Reliance gas claim

NEW YORK, January 1, 2026, 19:57 ET A letter published in the Financial Times argued BP should split into two companies, separating its oil-and-gas production business from its downstream consumer-facing operations such as fuel marketing and electric-vehicle charging. (Financial Times) The debate comes as activist pressure helps drive a new wave of corporate restructuring. Dealogic data cited by the Financial Times showed global companies announced more than $1 trillion of asset sales in 2025, with nearly $1.2 trillion across almost 7,000 deals by mid-December. (Financial Times) BP’s structure has drawn attention in part because the company straddles traditional oil and
2 January 2026
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Sidus Space stock jumps 17% after $16.2 million share sale as market stays shut for New Year’s Day

Sidus Space stock jumps 17% after $16.2 million share sale as market stays shut for New Year’s Day

NEW YORK, January 1, 2026, 04:20 ET — Market closed Shares of Sidus Space Inc (SIDU) rose about 17% to $3.14 in the most recent U.S. session after the company said it closed a $16.2 million public stock offering. The stock traded between $2.48 and $4.20, with volume of roughly 170 million shares. Sidus Space, Inc. The move matters now because fresh equity raises can quickly change the risk profile for micro-cap companies that rely on outside financing. The cash can extend runway for operations and manufacturing, but new shares also dilute existing holders by increasing the stock available to
1 January 2026
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AI stocks today: Nvidia, Meta dip after hours as China H200 chip rush and dealmaking hit the tape

AI stocks today: Nvidia, Meta dip after hours as China H200 chip rush and dealmaking hit the tape

NEW YORK, December 31, 2025, 17:33 ET — After-hours Nvidia has approached Taiwan Semiconductor Manufacturing Co about ramping production of its H200 graphics processing units (GPUs) — chips used to train AI systems — after Chinese tech companies placed orders for more than 2 million units for 2026, far above the roughly 700,000 Nvidia has in stock, sources told Reuters. Beijing has yet to clear imports and the Trump administration only recently allowed H200 exports to China subject to a 25% fee, the people said. Reuters The latest supply-and-policy test lands as investors try to gauge how much of the
31 December 2025
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Stock Market Today

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

7 February 2026
Caterpillar shares surged 7.1% to $726.20 Friday, driving the Dow above 50,000 for the first time. The move erased recent losses and followed insider selling by Group President Bob De Lange earlier in the week. Deere and CNH Industrial also gained as investors rotated into industrial stocks. Markets await next week’s U.S. jobs and inflation data.
Amazon stock slides as $200B AI spending plan meets cautious profit outlook

Amazon stock slides as $200B AI spending plan meets cautious profit outlook

7 February 2026
Amazon shares fell 9% Friday after the company announced plans for $200 billion in 2026 capital spending, mainly for AWS and AI, and issued a first-quarter profit outlook below estimates. The stock drop could erase $200 billion in market value. Fourth-quarter net sales rose 14% to $213.4 billion, while free cash flow declined due to higher spending on AI infrastructure.
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