Business News 4 February 2026 - 10 February 2026

Starbucks stock price today: SBUX steadies as menu reset rolls out and jobs data lifts Wall Street
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Starbucks stock price today: SBUX steadies as menu reset rolls out and jobs data lifts Wall Street

Starbucks shares rose 0.2% to $97.75 Wednesday morning after two days of declines, following a broad market lift from stronger-than-expected U.S. jobs data. The company’s new U.S. menu rollout, including bakery items and new drinks, aims to boost traffic as analysts watch for margin pressure. Wolfe Research raised its price target to $112. U.S. retail sales and restaurant spending showed signs of slowing in December.
February 11, 2026
Apple and Google strike UK CMA app-store deal — what changes for developers
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Apple and Google strike UK CMA app-store deal — what changes for developers

Apple and Google have pledged to the UK’s Competition and Markets Authority to make their app stores more transparent for British developers, with changes covering app reviews, rankings, and developer data. The commitments, due April 1, follow new UK digital market rules. Apple also promised easier access to iOS system features. The CMA said it is still considering tougher action on app store commissions and payment rules.
February 10, 2026
Rugged HMD Terra M Goes Live in Europe as HMD Secure Targets Frontline Teams
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Rugged HMD Terra M Goes Live in Europe as HMD Secure Targets Frontline Teams

HMD Secure launched its rugged Terra M handset in select European markets on Feb. 10, targeting frontline workers and critical services. The device features push-to-talk, fleet controls, and remote management, with IP68/IP69K and MIL-STD-810H ratings. HMD did not disclose pricing or specify which countries are included. Connectivity and management services are provided through partners.
February 10, 2026
Tesla’s next big bet: Hiring surge for Musk’s 100GW U.S. solar plan
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Tesla’s next big bet: Hiring surge for Musk’s 100GW U.S. solar plan

Tesla is recruiting for a planned 100-gigawatt U.S. solar manufacturing chain, aiming to build capacity from raw materials by end-2028, according to executive posts and job ads. Bloomberg reports Tesla is considering new sites and a major Buffalo, New York expansion. New York officials say they have not discussed the plan with Tesla. The company has not disclosed where most of the new capacity would be located.
February 8, 2026
China slaps TikTok rival Kuaishou with a $17 million fine after porn livestream flood
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China slaps TikTok rival Kuaishou with a $17 million fine after porn livestream flood

Beijing fined Kuaishou 119.1 million yuan ($17.2 million) and issued a warning after a Dec. 22 cyberattack exposed users to pornographic and violent livestreams. Regulators said Kuaishou failed to block illegal content and neglected cybersecurity fixes. The company apologized and pledged to address system flaws. Kuaishou shares fell nearly 6% after news of the incident.
February 6, 2026
Sunwoda settles Geely unit Vremt battery lawsuit, flags up to $115 million profit hit
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Sunwoda settles Geely unit Vremt battery lawsuit, flags up to $115 million profit hit

Sunwoda will cut its 2025 net profit forecast by 500–800 million yuan after settling a lawsuit with Geely’s battery unit Vremt over defective EV battery cells. Vremt had sought 2.31 billion yuan in damages. Volvo, owned by Geely, is recalling EX30 models in several countries due to overheating risks linked to Sunwoda batteries. Geely declined to comment on the settlement.
February 6, 2026
Chip sales seen topping $1 trillion in 2026 as AI data-center spending keeps demand hot
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Chip sales seen topping $1 trillion in 2026 as AI data-center spending keeps demand hot

Global semiconductor sales reached $791.7 billion in 2025 and are projected to hit $1 trillion in 2026, according to the Semiconductor Industry Association. Logic and memory chips led growth, driven by AI demand. December sales rose 2.7% from November, with gains in the Americas and China but declines in Europe and Japan. Memory chip shortages are pushing up prices, impacting device makers like Apple.
February 6, 2026
Tim Cook drops new clues on Apple’s succession plan as 50th anniversary nears
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Tim Cook drops new clues on Apple’s succession plan as 50th anniversary nears

Apple CEO Tim Cook told employees he is “obsessed” with who will lead the company in 15 years and said recent executive departures were expected. Cook confirmed Apple will mark its 50th anniversary on April 1 with “some celebration.” John Giannandrea, Kate Adams, Lisa Jackson, and Alan Dye are among top executives set to leave or retire by 2026. Cook also criticized U.S. immigration policy and voiced support for DACA.
February 6, 2026
Sony lifts forecast after record profit as PS5 sales slide and sensors surge
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Sony lifts forecast after record profit as PS5 sales slide and sensors surge

Sony posted a record quarterly operating profit of 515 billion yen, up 22%, and raised its full-year forecast to 1.54 trillion yen. PlayStation 5 sales dropped 16% to 8 million units, but gaming profit rose 19% on software and network gains. The sensor division’s sales jumped 21%, while Pictures revenue fell 11%. Sony increased its share buyback plan to 150 billion yen.
February 5, 2026
SpaceX’s Starlink phone idea surfaces as IPO plans and new services take shape
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SpaceX’s Starlink phone idea surfaces as IPO plans and new services take shape

SpaceX announced its Stargaze service to track low-Earth orbit traffic using Starlink satellites. Sources say the company is developing a Starlink-connected phone and direct-to-device internet. Starlink generated an estimated $8 billion profit on $15–16 billion revenue in 2025, making up most of SpaceX’s earnings. SpaceX is also preparing for a possible IPO later this year.
February 5, 2026
Amazon AWS CEO says space data centers are ‘pretty far’ off as Musk bets on orbital AI
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Amazon AWS CEO says space data centers are ‘pretty far’ off as Musk bets on orbital AI

AWS chief Matt Garman called orbital data centers uneconomical due to high rocket and launch costs. Elon Musk, after merging SpaceX and xAI, said “space-based AI is obviously the only way to scale” and filed plans for up to 1 million AI-focused satellites. Google and Blue Origin are also exploring space-based computing. No clear timeline for these projects has been disclosed.
February 4, 2026
Uber stock slides as profit outlook misses, CFO exit and robotaxi push grab attention
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Uber stock slides as profit outlook misses, CFO exit and robotaxi push grab attention

Uber forecast first-quarter adjusted earnings of 65 to 72 cents per share, below analysts’ 76-cent estimate, sending shares down about 5%. The company raised its gross bookings outlook and plans to launch robotaxi services in Madrid, Hong Kong, Houston, and Zurich. CFO Prashanth Mahendra-Rajah will step down, with Balaji Krishnamurthy named as his successor.
February 4, 2026
Cerebras lands $1B at $23B valuation as AI chip buyers look beyond Nvidia
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Cerebras lands $1B at $23B valuation as AI chip buyers look beyond Nvidia

Cerebras Systems raised $1 billion in a late-stage funding round led by Tiger Global, lifting its valuation to about $23 billion, nearly triple its September figure. Major AI firms are seeking alternatives to Nvidia for inference chips, driving investor interest. Cerebras recently rejected acquisition offers from Nvidia and secured a commercial deal with OpenAI.
February 4, 2026
Nvidia’s $20B OpenAI bet: Huang talks IPO as $100B fundraise takes shape
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Nvidia’s $20B OpenAI bet: Huang talks IPO as $100B fundraise takes shape

Nvidia is close to investing about $20 billion in OpenAI as part of a funding round that could value the ChatGPT maker at $830 billion, according to sources. OpenAI is seeking up to $100 billion in new funding. Nvidia CEO Jensen Huang confirmed plans to invest and downplayed reports of tension between the companies. Talks are ongoing and terms could still change.
February 4, 2026
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