Financial Summary: Tuesday, February 3, 2026

Palantir's fourth-quarter earnings exceeded expectations, driven by increased demand for AI and defense solutions.

Bajaj Housing Finance shares rose 6% following a 21% year-over-year increase in Q3 net profit.

Adani Group stocks surged up to 13% after a new trade agreement between India and the US.

Oracle is considering cutting up to 30,000 jobs due to challenges in funding AI data centers.

Walmart's market value has reached $1 trillion, joining an elite group of companies.

PepsiCo reported strong fourth-quarter earnings but plans to reduce snack prices by up to 15%.

Banco Santander announced a $12.3 billion deal to acquire Webster Financial, marking a significant move in U.S. retail banking.

Amazon has agreed to a $309 million settlement related to mishandled returns.

A couple is reconsidering their early retirement plans after welcoming two children, reflecting changing priorities in the FIRE movement.

A couple has constructed a tiny home for under $32,000 in their backyard, highlighting innovative and affordable housing solutions.

Waymo has raised $16 billion in funding, increasing its valuation to $126 billion.

SpaceX is acquiring AI startup xAI to enhance its artificial intelligence capabilities.

Oracle is struggling financially due to heightened competition from OpenAI and Nvidia.

The Nintendo Switch has officially become the best-selling console in the company's history.

Anthropic's new AI tools are raising concerns among publishers regarding content creation and copyright.

Elon Musk's xAI and SpaceX have merged in a record-setting deal valued at $1.25 trillion.

Palantir's stock surged after a strong Q4 earnings report and a positive outlook for 2026.

Apple is enhancing its Xcode coding tool by integrating agents from Anthropic and OpenAI.

Intel is expanding into the GPU market, hiring a chief architect to compete with Nvidia and AMD.

Nvidia CEO Jensen Huang has dismissed rumors of a deal with OpenAI, affirming investment plans remain on track.

Gold prices rebounded in early Asian trading, indicating a technical recovery and increased buying interest.

The Indian stock market rallied significantly, with the Sensex gaining 3,500 points following a new trade deal with the US.

Renewable energy and chemical stocks surged up to 19% as the India-US trade deal reduced export tariffs.

European shares reached record highs, driven by strong corporate earnings and stabilizing commodity markets.

US stock markets saw gains, with the Dow rising as Palantir's strong earnings boosted optimism in the tech sector.

Despite a surge linked to the India-US trade deal, Nifty faced profit-taking, but analysts suggest potential buying opportunities.

Shares of software companies plummeted amid growing fears of AI disruption affecting the industry.

U.S. Treasury yields remained stable as lawmakers passed funding legislation to avert a government shutdown.

Investors express concern over Eli Lilly's upcoming earnings report while showing cautious optimism for housing stocks.

Tech billionaires have raised $429 million to support Donald Trump's fundraising efforts ahead of the midterm elections.

Donald Trump announced the creation of a critical mineral reserve to reduce U.S. reliance on China for essential materials.

New York City is facing a potential fiscal crisis that could exceed the Great Recession, prompting discussions on tax increases for the wealthy.

Peter Mandelson has resigned from the House of Lords amid controversy over his ties to Jeffrey Epstein during his cabinet tenure.

Iranian gunboats confronted a US-flagged tanker in the Strait of Hormuz, escalating tensions ahead of upcoming US-Iran talks.

The U.S. military shot down an Iranian drone that approached the USS Abraham Lincoln, raising tensions in the region.

The U.S. may issue a general license for oil companies to operate in Venezuela, despite mixed responses from industry leaders regarding investment.

Investigators uncovered hundreds of Swiss bank accounts linked to suspected Nazi activities, complicating UBS's legal battles with Jewish groups.

President Trump signed a trade deal with India, aiming to counteract the isolation felt by the U.S. in global trade agreements.

House Republicans are working towards reopening the U.S. government after a partial shutdown due to funding disagreements.

Indian textile stocks are set to benefit from a new US trade deal that lowers export tariffs from 25% to 18%.

The Indian rupee and stock market are expected to strengthen following the US's tariff reduction on oil imports from Russia.

The Union Budget 2026 emphasizes a capex-driven strategy for infrastructure development and boosting medical tourism.

Foreign investors have returned to Indian equities, marking the highest single-day buying in over three months after the India-US trade deal.

The easing of tariff fears from the India-US trade deal has strengthened the rupee and improved sentiment in the Indian bond market.