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Finance News News 11 January 2026 - 13 January 2026

SoFi stock rises as Trump’s 10% credit-card cap idea shakes lenders — what investors watch next

SoFi stock rises as Trump’s 10% credit-card cap idea shakes lenders — what investors watch next

New York, Jan 13, 2026, 15:03 ET — Regular session. SoFi Technologies shares rose 1.1% to $26.89 in afternoon trading on Tuesday, while the S&P 500 slipped about 0.4%, as investors weighed whether a new push to cap credit-card rates could redirect borrowers toward online lenders. The stock has moved with a widening policy fight after Trump called for a one-year cap of 10% on credit card interest rates starting Jan. 20. Bank and payments groups argue a cap would force lenders to pull credit from weaker borrowers; “a one-size-fits-all government price cap may sound appealing, but it wouldn’t help
13 January 2026
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Coinbase stock gains as Senate drops long-awaited crypto rules draft — what COIN traders watch next

Coinbase stock gains as Senate drops long-awaited crypto rules draft — what COIN traders watch next

New York, Jan 13, 2026, 14:53 EST — Market open. Shares of Coinbase Global gained Tuesday, buoyed by a rise in bitcoin and the release of a much-anticipated draft bill from U.S. lawmakers targeting clearer regulations for crypto markets. Coinbase climbed roughly 3.6%, reaching $251.70 in afternoon trading. The draft legislation, unveiled late Monday, would clarify when crypto tokens qualify as securities or commodities and boost the Commodity Futures Trading Commission’s (CFTC) clout over spot crypto trading, where tokens are exchanged immediately. It also clamps down on “stablecoins,” digital tokens usually tied to the U.S. dollar, by banning firms from
13 January 2026
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Bharat Coking Coal IPO pulls in ₹1.1 lakh crore bids as grey-market signals lift debut hopes

Bharat Coking Coal IPO pulls in ₹1.1 lakh crore bids as grey-market signals lift debut hopes

Mumbai, Jan 14, 2026, 01:09 IST Bharat Coking Coal’s initial public offering closed in India on Tuesday with demand running about 147 times the shares on offer, exchange data showed. The grey market premium (GMP) — an unofficial price paid in off-market deals before listing — was around ₹11, implying a debut near ₹34 versus the top issue price of ₹23. (The Economic Times) The scramble comes despite choppy trading in domestic stocks, and it is a sharp test of risk appetite early in 2026. Bids topped ₹1.1 lakh crore (₹1.1 trillion) for the ₹1,071-crore issue, with applications crossing 90
13 January 2026
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Bitcoin price today: BTC climbs after U.S. CPI, Senate crypto bill back in play

Bitcoin price today: BTC climbs after U.S. CPI, Senate crypto bill back in play

New York, January 13, 2026, 10:09 (EST) — Regular session Bitcoin rose on Tuesday after U.S. inflation data landed as expected and lawmakers moved again on a long-sought framework for crypto oversight. The world’s largest cryptocurrency was up about 1.7% at $92,369, after touching $92,751 earlier in the session. The move matters now because bitcoin is still trading like a rates-sensitive risk asset, reacting to shifts in Fed expectations almost as quickly as growth stocks do. It also reflects how much of the demand pipeline has moved into exchange-traded funds (ETFs) — stock-market funds that hold bitcoin — where flows
13 January 2026
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USB stock slips as U.S. Bancorp’s $1 billion BTIG deal puts Wall Street expansion back in view

USB stock slips as U.S. Bancorp’s $1 billion BTIG deal puts Wall Street expansion back in view

New York, January 13, 2026, 10:14 EST — Regular session U.S. Bancorp (USB) shares fell on Tuesday after the lender said it would buy Wall Street brokerage BTIG for up to $1 billion in cash and stock. The stock was down about 1% at $53.87, and Stephen Philipson called it “a strategic move to fill key product gaps” for corporate and institutional clients. (Reuters) The deal is another step by a big regional lender toward businesses that live on fees rather than net interest margins. Those revenues can help in a strong market, but they tend to be less forgiving
13 January 2026
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Duolingo stock drops 8.5% as investors weigh CFO change and early Q4 signals

Duolingo stock drops 8.5% as investors weigh CFO change and early Q4 signals

New York, Jan 13, 2026, 03:57 EST — Market closed. Duolingo (DUOL.O) shares slid 8.5% to close Monday at $161.74, setting the stage for Tuesday’s U.S. market open. The drop has investors scrambling to figure out what shifted. This wasn’t a full earnings report, more an expectations update — mixing management changes with a brief snapshot of fourth-quarter performance. Duolingo announced that Chief Financial Officer Matt Skaruppa will step down, with board member Gillian Munson stepping into the role. The company also reported preliminary fourth-quarter daily active user growth of roughly 30% year over year, and bookings came in at
13 January 2026
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Mastercard stock drops as Trump’s 10% credit-card rate cap plan rattles card-linked names

Mastercard stock drops as Trump’s 10% credit-card rate cap plan rattles card-linked names

New York, Jan 12, 2026, 14:25 (EST) — Regular session underway. Mastercard Incorporated shares slipped 1.7% to $565.93 in Monday afternoon trading, mirroring a wider drop in card-related stocks. Visa also dropped 1.7%, while American Express tumbled 4.2% during the same session. The moves followed U.S. President Donald Trump’s call to cap credit card interest rates at 10% for one year starting Jan. 20, though he didn’t specify enforcement details. UBS Global analysts noted such a cap would require Congressional approval. Seaport Research’s Bill Ryan added that Trump is revisiting the idea amid rising affordability concerns among voters. (Reuters) Credit
12 January 2026
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Coinbase stock rises as Senate crypto bill fight puts stablecoin rewards back in play

Coinbase stock rises as Senate crypto bill fight puts stablecoin rewards back in play

New York, January 12, 2026, 12:22 EST — Regular session Shares of Coinbase Global Inc rose Monday following a Bloomberg Law report that the crypto exchange is pressing U.S. lawmakers to keep the “rewards” it pays to stablecoin holders. The company might withdraw support for a key market-structure bill if the proposed restrictions become too strict. (Bloomberg Law) The timing is crucial. Senate negotiators aim to finalize a wide-ranging framework for crypto markets, but stablecoin rewards have sparked a last-minute battle between banks and crypto firms, each pushing to influence the final wording. Coinbase climbed roughly 2.1% to $245.83 by
12 January 2026
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Klarna Group plc stock (KLAR) slides as Trump’s 10% credit-card cap talk jolts lenders, lawsuit deadline looms

Klarna Group plc stock (KLAR) slides as Trump’s 10% credit-card cap talk jolts lenders, lawsuit deadline looms

New York, Jan 12, 2026, 10:18 (ET) — Regular session Klarna Group plc shares dropped 4.8% to $29.96 in early Monday trading, down from an opening price of $32.33, as investors digested new policy risks tied to U.S. consumer lending and increased legal scrutiny on the recently listed fintech. (Investing.com) The shift follows U.S. President Donald Trump’s proposal to cap credit-card interest rates at 10% for one year beginning Jan. 20. Wall Street experts warned that such a wide-ranging cap would almost certainly need Congress approval, with slim chances of making it through. Still, the announcement rattled stocks in lenders
12 January 2026
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Affirm stock gives up premarket pop after Trump backs 10% credit-card rate cap

Affirm stock gives up premarket pop after Trump backs 10% credit-card rate cap

New York, Jan 12, 2026, 09:48 EST — Regular session Affirm Holdings’ shares slipped roughly 0.4% to $81.45 on Monday, after fluctuating between $80.90 and $84.65 in initial trades. The stock closed at $81.80 on Friday. (Investing.com) Shares dropped after President Donald Trump proposed a one-year cap on credit-card APRs at 10%. The idea hit bank and card-lender stocks but briefly boosted some alternative finance firms. Affirm climbed as much as 5% in premarket, though investors doubted the plan’s chances. Jefferies analysts called it “dead on arrival,” saying no executive power can enforce it alone. JPMorgan’s Vivek Juneja warned it
12 January 2026
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American Express (AXP) stock slides on Trump’s 10% credit-card rate cap talk — what investors watch next

American Express (AXP) stock slides on Trump’s 10% credit-card rate cap talk — what investors watch next

New York, January 12, 2026, 11:33 EST — Regular session American Express (AXP) shares slid 4.6% to $358.24 in late-morning New York trading on Monday, after touching $355.50 earlier in the session. The drop followed President Donald Trump’s call on Friday for a one-year 10% cap on credit-card interest rates starting Jan. 20, a proposal analysts at TD Cowen and Barclays said would require Congress and faces long odds. (Reuters) Credit cards are revolving credit — balances can roll month to month — and interest charges are a big part of the economics for issuers. A 10% ceiling could trim
12 January 2026
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SoFi stock slips into the weekend: SEC filing lands as CPI, earnings loom

SoFi stock slips into the weekend: SEC filing lands as CPI, earnings loom

New York, Jan 10, 2026, 19:31 EST — Market closed Shares of SoFi Technologies Inc dipped 1.1% on Friday, ending the day at $27.40 after a volatile start to the year. The stock exchanged around 43.8 million shares, matching its typical daily volume. (Investing.com) The dip late in the week is significant as investors brace for a packed lineup of events that could shake up rate-sensitive lenders. U.S. inflation figures are due next week, with SoFi set to release earnings on Jan. 30. Together, these could sharply influence forecasts for borrowing costs and loan demand. SoFi is still working through
11 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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