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Finance News 7 January 2026 - 10 January 2026

Trump’s 10% credit-card rate cap puts Citigroup stock in focus ahead of earnings week

Trump’s 10% credit-card rate cap puts Citigroup stock in focus ahead of earnings week

NEW YORK, Jan 10, 2026, 16:23 ET — Market closed. Citigroup shares are poised for attention when U.S. markets resume trading after President Donald Trump proposed a one-year 10% cap on credit-card interest rates. If the idea catches on, it could squeeze profits at leading card issuers. (Reuters) The proposal focuses on annual percentage rates (APRs), the interest applied to unpaid card balances. For major consumer banks, card interest represents a significant revenue stream, and imposing a strict cap would alter how lenders assess risk on unsecured loans. This comes at a tricky time. U.S. financial stocks have risen ahead
JPMorgan stock: Venezuela oil-finance angle lands just as earnings week starts

JPMorgan stock: Venezuela oil-finance angle lands just as earnings week starts

New York, Jan 10, 2026, 13:29 EST — Market closed JPMorgan Chase could be among the few U.S. banks positioned to pick up business if Venezuela’s oil trade opens up, with one dormant Caracas office that could be reactivated, sources and analysts told Reuters late Friday. The bank has had a presence in the country for decades, and one internal idea floated was a trade bank to finance oil exports, one person familiar with the matter said. “JPMorgan is the best in class global bank,” Wells Fargo banking analyst Mike Mayo said. (Reuters) U.S. markets are shut on Saturday, but
Visa stock dips as shareholder filing flags AI deepfake payment risk ahead of vote

Visa stock dips as shareholder filing flags AI deepfake payment risk ahead of vote

NEW YORK, Jan 10, 2026, 10:25 (ET) — Market closed Shares of Visa Inc dipped 0.7% on Friday, closing at $349.77, after a shareholder group filed an SEC notice pushing investors to back a proposal for greater transparency on how the payments giant manages risks linked to AI-driven “deepfake” sexual content. The filing, labeled an “exempt solicitation” — a brief request to influence a vote without a full proxy fight — warned that unchecked exposure could damage Visa’s brand and draw legal and regulatory challenges. (Securities and Exchange Commission) Why it matters now: With Visa’s annual meeting just around the
Apple stock snaps 7-session skid as Evercore lifts target; Apple Card switch looms

Apple stock snaps 7-session skid as Evercore lifts target; Apple Card switch looms

New York, Jan 9, 2026, 16:05 EST — After-hours Apple Inc shares (AAPL.O) rose 0.13% to $259.37 at the close on Friday, snapping a seven-session losing streak. The stock traded between $256.27 and $260.20. (Investing.com) The move matters because Apple is heading into quarterly results with investors split on whether iPhone demand is holding up well enough to protect pricing and margins. After a rough run into the new year, the stock has started reacting more sharply to analyst calls and services-related headlines. Evercore ISI raised its price target on Apple to $330 from $325 and reiterated an “Outperform” rating
Ondas (ONDS) stock rises after $1 billion above-market financing — here’s what traders are parsing

Ondas (ONDS) stock rises after $1 billion above-market financing — here’s what traders are parsing

New York, Jan 9, 2026, 12:23 EST — Regular session Ondas Holdings Inc. shares rose about 3% on Friday, trading at $14.44, after the company said it priced a $1 billion registered direct offering of stock and warrants. The financing is a big swing for a company that has traded with sharp moves and thin conviction at times. It brings in fresh capital quickly, but it also puts the share count — and the overhang from warrants — front and center again. Investors tend to like cash coming in above the last close. They also worry about what comes with
Mastercard stock slips as Apple taps JPMorgan for Apple Card — and keeps Mastercard network

Mastercard stock slips as Apple taps JPMorgan for Apple Card — and keeps Mastercard network

NEW YORK, Jan 9, 2026, 12:23 (EST) — Regular session Mastercard shares slipped on Friday after Apple and JPMorgan Chase said Chase will become the new issuer of Apple Card, a deal that keeps Mastercard as the card’s payment network. Shares were down about 0.2% at $578.98 in midday trading. For Mastercard, the headline is the network slot. The “payment network” is the rails that carry a card transaction from a merchant to a bank, and it typically earns fees tied to each swipe or tap. Losing a marquee co-brand can sting because the volume is sticky and rivals fight
CompoSecure stock jumps after JPMorgan lands Apple Card deal, fueling metal-card hopes

CompoSecure stock jumps after JPMorgan lands Apple Card deal, fueling metal-card hopes

NEW YORK, January 9, 2026, 10:40 EST — Regular session CompoSecure shares rose about 6.4% to $22.79 in morning trade on Friday, riding a fresh wave of attention after JPMorgan Chase agreed to take over Apple’s credit-card program from Goldman Sachs. (reuters.com) That matters for CompoSecure because Apple Card is a rare U.S. card program where the physical card itself is part of the brand, and the issuer shift gives Chase room — at least on paper — to revisit suppliers and product features over time. Apple and Chase said the transition is expected to take about 24 months and
Goldman Sachs stock slips as Apple Card handoff puts a Q4 earnings bump on the table

Goldman Sachs stock slips as Apple Card handoff puts a Q4 earnings bump on the table

New York, January 8, 2026, 14:57 EST — Regular session Goldman Sachs shares were down 0.7% on Thursday after The Goldman Sachs Group, Inc. said it struck an agreement to transition the Apple Card program and associated accounts to JPMorgan Chase’s Chase. Goldman said the move should lift its fourth-quarter 2025 earnings by about $0.46 a share, driven by a $2.48 billion release of loan-loss reserves — money set aside for expected credit losses — even as it takes a $2.26 billion hit to net revenue tied to markdowns and contract costs. Goldman Sachs The timing matters for traders because
JPMorgan stock climbs on Apple Card takeover as earnings near

JPMorgan stock climbs on Apple Card takeover as earnings near

NEW YORK, Jan 8, 2026, 11:13 AM ET — Regular session JPMorgan Chase & Co (JPM) shares rose about 1.1% to $330.65 in late morning trading on Thursday after the bank said it will become the new issuer of Apple’s Apple Card, replacing Goldman Sachs. The deal is subject to regulatory approvals and is not expected to close for roughly two years. “This transaction substantially completes the narrowing of our focus in our consumer business,” Goldman Chief Executive David Solomon said. Reuters The agreement would bring more than $20 billion in card balances to Chase’s platform once completed, adding heft
Apple stock slips today as Apple Card shifts to JPMorgan, payrolls and earnings loom

Apple stock slips today as Apple Card shifts to JPMorgan, payrolls and earnings loom

New York, Jan 8, 2026, 09:34 EST — Regular session Apple (AAPL.O) shares slid 0.8% to $260.33 in early trading on Thursday. The stock closed at $262.32 on Wednesday. The move keeps attention on Apple’s services and payments push, a piece of the story that tends to matter more when hardware demand looks harder to read. Investors have also started treating big-tech leadership as less stable than it looked a few months ago. The broader tape was cautious ahead of Friday’s U.S. nonfarm payrolls report, after data this week pointed to slower hiring even as layoffs stayed relatively low. “Both
TORM (TRMD) stock jumps as Oaktree drops below one-third — what changes next

TORM (TRMD) stock jumps as Oaktree drops below one-third — what changes next

NEW YORK, Jan 7, 2026, 12:46 EST — Regular session TORM plc shares jumped 6.7% to $21.85 in midday U.S. trade on Wednesday. The product tanker owner said Oaktree Capital Management and its affiliates have fallen below a one-third ownership threshold, triggering a governance reset. Nasdaq That matters now because the “threshold date” strips out a set of limits written into TORM’s articles of association when Oaktree held a larger stake, leaving the board with wider room to act on certain decisions. The change follows Hafnia’s purchase of shares from Oaktree, which the company had flagged in a December statement.
Workiva stock jumps 5% in regular trade as WK eyes jobs data, CFO switch

Workiva stock jumps 5% in regular trade as WK eyes jobs data, CFO switch

NEW YORK, January 7, 2026, 12:41 ET — Regular session Workiva Inc shares were up about 5.5% at $91.40 on Wednesday, after touching $92.10 earlier in the session. The stock has traded between $86.29 and $92.10 so far, with about 458,000 shares changing hands. The move came as U.S. stocks chopped around after data showed job openings fell more than expected in November, while private payrolls rose less than expected in December. “No one wants to make any outsized bets,” said Kim Forrest, chief investment officer at Bokeh Capital Partners, with investors looking ahead to Friday’s U.S. jobs report. There
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Stock Market Today

AST SpaceMobile stock bounces late Friday as AT&T plays down Amazon Leo threat and a new 2x short ETF hits tape

AST SpaceMobile stock bounces late Friday as AT&T plays down Amazon Leo threat and a new 2x short ETF hits tape

7 February 2026
AST SpaceMobile shares jumped 9.1% to $101.79 Friday after a volatile week, with 15.9 million shares traded. AT&T said it will use Amazon Leo’s satellite network to reach business customers outside its terrestrial footprint but stated this will not affect its partnership with AST. A new 2x short ETF tied to ASTS, ticker ASTN, began trading on Cboe. AST’s next “BlueBird 7” satellite launch is set for late February on Blue Origin’s New Glenn.
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