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Financial News News 12 January 2026

SNCY stock jumps on Allegiant’s $1.5 billion bid — deal spread, regulators in focus

SNCY stock jumps on Allegiant’s $1.5 billion bid — deal spread, regulators in focus

New York, Jan 12, 2026, 09:49 AM ET — Regular session Shares of Sun Country Airlines Holdings (SNCY) jumped in early U.S. trading Monday after Allegiant Travel (ALGT) announced plans to acquire the airline in a roughly $1.5 billion deal, debt included. Sun Country’s stock rose 12.8% to $17.79, while Allegiant’s dipped 3.9% to $91.24. (Reuters) Sun Country investors aren’t just betting on an airline anymore. The stock’s price now hinges on whether the deal goes through—and how Allegiant’s shares move in the meantime. This move drags a smaller carrier into the consolidation race amid persistent cost pressures and fierce
12 January 2026
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Synchrony Financial stock slides on Trump’s 10% credit-card rate cap push — what to know now

Synchrony Financial stock slides on Trump’s 10% credit-card rate cap push — what to know now

NEW YORK, Jan 12, 2026, 09:51 EST — Regular session Synchrony Financial shares were down about 7% at $80.80 on Monday morning, as investors sold credit-card lenders after President Donald Trump called for a one-year cap on credit-card interest rates. The proposal matters for Synchrony because it leans heavily on interest income from store and co-branded cards. A hard cap would compress what lenders earn on revolving balances, just as the sector heads into a fresh earnings cycle. Trump said on Friday he was calling for a 10% cap starting Jan. 20, but offered no details on how the plan
12 January 2026
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Sandisk (SNDK) stock rebounds after early dip as AI memory shortage talk keeps traders buying

Sandisk (SNDK) stock rebounds after early dip as AI memory shortage talk keeps traders buying

New York, January 12, 2026, 09:50 EST — Regular session Shares of Sandisk Corp (SNDK.O) rose 2.9% to $388.33 in early trading on Monday after slipping as much as 5.1% earlier in the session, a reminder of how jumpy this tape has become. The stock traded between $358 and $389.35. The latest move matters because Sandisk has become a high-beta read on one trade: data storage for artificial intelligence servers. The company sells products built on NAND flash — a type of memory chip used to store data in solid-state drives, or SSDs, which keep data without spinning disks. The
12 January 2026
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Microsoft stock today: Goldman’s $655 target lands as MSFT edges higher in choppy trade

Microsoft stock today: Goldman’s $655 target lands as MSFT edges higher in choppy trade

New York, Jan 12, 2026, 09:51 EST — Regular session underway. Microsoft Corp. shares ticked up about 0.2% to $480.15 in early trading Monday in New York, bucking the trend as broader U.S. stocks slipped. Goldman Sachs kicked off coverage on the software titan with a Buy rating and set a $655 price target, signaling nearly 37% potential upside from here. (TipRanks) The timing couldn’t be more awkward. Markets jittered after Federal Reserve Chair Jerome Powell revealed the Justice Department had issued subpoenas and warned of a possible criminal indictment—sparking fresh concerns about central bank independence and driving investors into
12 January 2026
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Intel stock slips after a target raise: why Wall Street still isn’t buying the rally

Intel stock slips after a target raise: why Wall Street still isn’t buying the rally

New York, Jan 12, 2026, 09:45 ET — Regular session Intel Corp shares slipped 1.8% to $44.73 Monday morning, pressured by cautious analyst commentary following last week’s surge in the chipmaker’s stock. The wider market showed weakness as well, with the SPDR S&P 500 ETF falling roughly 0.4% and the iShares Semiconductor ETF retreating about 0.7%. The dip is significant because Intel’s rally owes more to a long-term wager than to immediate earnings. Investors are banking on its manufacturing revival and U.S. political support to reshape outlooks for 2026 and later. Monday’s trading highlighted how swiftly that optimism can clash
12 January 2026
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Broadcom stock pops early as traders brace for CPI and chip-demand readouts

Broadcom stock pops early as traders brace for CPI and chip-demand readouts

New York, Jan 12, 2026, 09:36 EST — Regular session Shares of Broadcom Inc surged 3.7% to $344.97 during early trading in New York on Monday, pushing further gains for the chipmaker. The shift happens as investors brace for Tuesday’s U.S. consumer price index report for December, set for 8:30 a.m. ET. That data has the power to rattle Treasury yields and ripple through high-growth tech stocks. (Bureau of Labor Statistics) Markets are grappling with new doubts over the Fed’s independence after Chair Jerome Powell revealed the Justice Department issued subpoenas warning of a possible criminal indictment linked to his
12 January 2026
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Visa stock slides on Trump credit-card rate cap talk as traders brace for bank earnings

Visa stock slides on Trump credit-card rate cap talk as traders brace for bank earnings

New York, Jan 12, 2026, 11:32 EST — Regular session Visa Inc shares fell 1.4% to $344.84 in late-morning trading, tracking a selloff in consumer finance names. Mastercard slid 1.7% and American Express fell 4.6%. The pressure followed President Donald Trump’s call for a one-year cap on credit-card interest rates at 10%, starting Jan. 20, without spelling out how it would be enforced. Analysts said the proposal would likely require legislation, leaving markets to trade the risk before the details exist. (Reuters) Financial stocks broadly slipped on the headline, and the move has pulled in payment processors alongside banks and
12 January 2026
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JPMorgan stock drops as Trump pushes 10% credit-card rate cap, with earnings up next

JPMorgan stock drops as Trump pushes 10% credit-card rate cap, with earnings up next

New York, Jan 12, 2026, 11:32 a.m. EST — Regular session JPMorgan Chase & Co shares fell about 2% to $322.55 in morning trading on Monday after President Donald Trump called for a one-year cap that would limit credit card interest rates to 10%. “It would take an Act of Congress for such rate caps to be in place,” UBS Global analysts wrote, while Seaport Research analyst Bill Ryan said “affordability has become a top concern.” (Reuters) The move matters because credit cards are a high-yield business for big banks, and a rate cap would cut straight into what lenders
12 January 2026
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Capital One stock slides as Trump’s 10% credit-card rate cap spooks lenders

Capital One stock slides as Trump’s 10% credit-card rate cap spooks lenders

New York, Jan 12, 2026, 08:13 EST — Premarket Shares of Capital One Financial dropped roughly 10% in premarket Monday after investors offloaded credit-card and consumer-lending stocks amid fresh chatter about rate caps. The squeeze landed hard on a business built around spreads. Credit-card interest powers issuer profits, and a 10% cap would plunge well below the industry’s current rates. The bids quickly evaporated. Synchrony Financial and Bread Financial tumbled between 10% and 11% in early trading. American Express slipped about 4%, while Visa and Mastercard each dropped roughly 2%. On the flip side, alternative lenders gained ground: Affirm rose
12 January 2026
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Gasoline price stock UGA jumps before the open as RBOB futures hover near $1.80

Gasoline price stock UGA jumps before the open as RBOB futures hover near $1.80

New York, Jan 12, 2026, 08:17 EST — Premarket Shares of the United States Gasoline Fund climbed 0.8% in U.S. premarket trading Monday, reaching roughly $64.50. The fund, tied to gasoline prices, closed Friday at $63.98 and has gained around 4% since the start of January. (StockAnalysis) The product tape remains twitchy heading into the week, as energy traders weigh new geopolitical risks against weak winter demand and persistently low pump prices. Front-month RBOB gasoline futures, the key U.S. contract for reformulated gasoline blendstock used in oxygen blending, slipped 0.31% to around $1.7902 per gallon. The NYMEX contract trades in
12 January 2026
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Tempus AI stock pops 12% premarket after $1.1 billion contracts update — what traders watch next

Tempus AI stock pops 12% premarket after $1.1 billion contracts update — what traders watch next

New York, Jan 12, 2026, 07:52 EST — Premarket Tempus AI shares climbed roughly 12%, reaching $74.34 in Monday’s premarket session. (Investing.com) The bid emerged amid a volatile morning for growth stocks, with Nasdaq 100 futures slipping close to 1% as investors digested fresh doubts over the Federal Reserve’s independence and prepared for earnings season to begin. (Reuters) Tempus projected full-year 2025 revenue around $1.27 billion in an SEC filing, marking an 83% jump from the previous year. That includes roughly 30% organic growth without Ambry. Diagnostics revenue hit about $955 million, soaring 111%, while data and applications brought in
12 January 2026
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XRP price today: Ripple token slips near $2 in India as Powell probe jars markets

XRP price today: Ripple token slips near $2 in India as Powell probe jars markets

MUMBAI, Jan 12, 2026, 16:57 IST — The market has closed. XRP dipped on Monday, lingering just below the $2 level as traders digested new political tensions involving the U.S. Federal Reserve and braced for crucial U.S. inflation figures. (CoinMarketCap) This shift is significant since crypto markets have lately responded less to token news and more to quick shifts in rates and risk appetite. Powell’s showdown with the White House weakened the dollar and sent funds toward safe havens, forcing traders to sift through what happens next. (Reuters) Rate expectations are shifting. After the latest U.S. labor data, J.P. Morgan,
12 January 2026
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Stock Market Today

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 07.02.2026

7 February 2026
LIVEMarkets rolling coverageStarted: February 7, 2026, 12:00 AM ESTUpdated: February 7, 2026, 12:30 AM EST Dollar Dips as Stocks Rally and US Data Influences Fed Rate Expectations February 7, 2026, 12:18 AM EST. The **dollar index** fell 0.17%, pressured by a rebound in equity markets reducing demand for the safe-haven currency. Weaker-than-expected U.S. labor market data raised the odds of a Fed rate cut to 18% for March, though consumer sentiment improved to a six-month high, limiting losses. Hawkish comments from Atlanta Fed's Raphael Bostic emphasized maintaining restrictive monetary policy. The dollar faces medium-term weakness amid expectations for rate cuts
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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