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NASDAQ:BFI News 12 January 2026

US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

S&P 500 and Nasdaq 100 E-minis fell 0.66% and 0.88% premarket after President Trump called for a 10% cap on credit card interest rates. Financial stocks led declines, with Citigroup down nearly 4% and American Express off 5%. Federal Reserve Chair Powell said the Justice Department issued grand jury subpoenas to the Fed over his Senate testimony. Walmart rose 3% ahead of its Nasdaq-100 debut.

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Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

Broadcom Stock Gets a Google AI Spend Lift as Jefferies Sees 60% Upside

7 February 2026
Google raised its 2026 capital expenditure forecast to $175 billion–$185 billion, with most spending expected on data-center chips. Broadcom shares rose about 2% after the announcement, while Nvidia and AMD slipped. Jefferies reiterated a buy rating on Broadcom, maintaining a $500 price target, implying a 62% upside from Wednesday’s close.
No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

7 February 2026
The IRS has not announced new federal stimulus payments for February 2026, and Congress has not approved fresh checks. Trump told NBC he is considering $2,000 tariff rebate checks but has not committed, saying any payout would likely come later in 2026. The IRS warns taxpayers to ignore texts and emails about “stimulus payments” and verify notices through official channels.
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