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Citigroup Slips into Holiday Weekend Amid Russia Exit and Insider Sales
Citigroup shares edged lower ahead of a market holiday, influenced by progress on its Russia exit and recent insider stock sales. Broader banking sector movements remained tied to shifting interest rate expectations.
Uber Targets $1B European Delivery Expansion Amid CFO Transition
Uber Technologies is expanding its Uber Eats service to seven additional European countries, aiming for $1 billion in extra gross bookings over three years. The move comes as the company prepares for a CFO transition and awaits approval for a Türkiye delivery acquisition.
Qualcomm Gains Ahead of Holiday, Memory Shortage Weighs on Outlook
Qualcomm shares advanced 1.6% Friday, closing at $140.70 with 13.1 million shares traded. Markets are closed Monday for Presidents Day, with focus on persistent memory-chip shortages impacting smartphone chipmakers.
Intuit Shares Stabilize Near $400 Amid AI Sector Pressure
Intuit shares ended Friday's session up 0.36% at $399.40, stabilizing after recent declines. The stock remains down roughly 40% year-to-date as AI concerns weigh on software valuations.
T-Mobile Nears Record High as Bond Deal, Buyback Plans Draw Focus
T-Mobile shares closed near $220, up 2.3%, as investors await the closing of a €2.5 billion euro bond offering and consider the company's plan to potentially double Q1 2026 share buybacks to $5 billion.
Mastercard Extends Losses Ahead of Holiday Weekend, Payments Sector Under Pressure
Mastercard stock declined for a third straight session, closing at $518.36, while Visa saw a sharper drop. U.S. markets will be closed Monday for the Presidents Day holiday.
Shopify Initiates $2 Billion Share Buyback Amid Growth and Margin Focus
Shopify launches a $2 billion share repurchase program starting February 17, with no set expiration date. The move follows a quarter of 31% revenue growth but comes alongside guidance for reduced free cash flow margins.
Palo Alto Networks Earnings Preview: Options Signal 8% Post-Report Volatility
Palo Alto Networks stock gained 2.5% Friday as traders positioned for earnings, with options markets implying an 8% swing. The cybersecurity firm reports Q2 results Tuesday after the Presidents Day holiday.
Linde Shares Rise Amid $36M Planned Sale, Upcoming Investor Conferences
Linde plc closed Friday at $481, a 1.7% increase, as markets prepared for a holiday closure. A filing disclosed plans to sell 75,607 shares worth approximately $36.1 million, while executives are scheduled for investor conferences on February 17-18.
Nebius Shares Surge 9% on $16-$20B 2026 Capital Plan, Q4 Revenue Miss
Nebius shares rose 9.3% Friday as the AI cloud company detailed an ambitious $16-$20 billion capital spending plan for 2026, while reporting a Q4 revenue shortfall and net loss.