Business 11 February 2026

Google Expands Intel AI Chip Deal, Backs Xeon 6 for Data Centers as Intel Shares Rise
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Google Expands Intel AI Chip Deal, Backs Xeon 6 for Data Centers as Intel Shares Rise

Google will expand its use of Intel Xeon processors, including the new Xeon 6, across its cloud infrastructure and deepen collaboration on custom chips, both companies said Thursday. Intel shares rose 2.3% to $60.33 in morning trading. Google Cloud already uses Xeon chips in C4 and N4 instances and has committed to future generations. The agreement comes as demand for CPUs rises amid shifts in AI deployment.
April 9, 2026
Meta stock slips after-hours as $10 billion Indiana AI data center plan sharpens focus on spending
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Meta stock slips after-hours as $10 billion Indiana AI data center plan sharpens focus on spending

Meta shares closed down 0.3% after announcing a $10 billion Indiana data center for AI, with investors weighing heavy spending. Bill Ackman’s Pershing Square revealed a $2 billion Meta stake, calling the stock undervalued for AI. A German court ordered Meta’s Edge Network to pay Deutsche Telekom €30 million over network fees. Meta executive Jennifer Newstead filed to sell 515 shares under a preset plan.
February 11, 2026
Philip Morris stock rises despite India keeping IQOS-style device ban, with investors eyeing next catalyst
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Philip Morris stock rises despite India keeping IQOS-style device ban, with investors eyeing next catalyst

Philip Morris International shares rose about 2% to $186.30 Wednesday, outperforming a flat S&P 500, after India said it would keep its 2019 ban on e-cigarettes and heated tobacco devices. The company’s IQOS device remains barred from a market selling over 100 billion cigarettes a year. CEO Jacek Olczak called the ban “illogical.” PMI executives are set to appear at the CAGNY conference on Feb. 18.
February 11, 2026
Six Flags stock slips again: FUN edges lower as traders eye Feb. 19 earnings and 2026 park plans
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Six Flags stock slips again: FUN edges lower as traders eye Feb. 19 earnings and 2026 park plans

Six Flags shares slipped 0.5% to $17.97 Wednesday afternoon, extending a two-day slide ahead of next week’s earnings report. Short interest stands at 23.6 million shares, about 24% of the public float. The company announced new features for its Great Adventure and Over Texas parks as it prepares for spring openings. Investors are watching for early signs of demand and pricing trends for the 2026 season.
February 11, 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
Target stock price today: TGT inches up as CEO reshuffle, job cuts and ChatGPT ad test land
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Target stock price today: TGT inches up as CEO reshuffle, job cuts and ChatGPT ad test land

Target shares rose 0.2% to $113.44 in early New York trading Wednesday after confirming leadership changes effective Feb. 15 and maintaining its earnings outlook. Lisa Roath will become chief operating officer and Cara Sylvester chief merchandising officer. Target expects fourth-quarter and full-year results in line with prior forecasts. Investors await the March 3 earnings and strategy update.
February 11, 2026
Netflix stock ticks up before the bell as activist targets Warner deal; what to watch next
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Netflix stock ticks up before the bell as activist targets Warner deal; what to watch next

Netflix shares rose 0.1% in premarket trading to $82.28 as activist investor Ancora said it would vote against Warner Bros. Discovery’s plan to sell studios and streaming assets to Netflix. Paramount increased its rival bid, offering a ticking fee and to cover Warner’s breakup fee. Warner’s board maintained its support for the Netflix deal but will review Paramount’s new offer.
February 11, 2026
NFIB survey: US small-business optimism slips in January 2026 as uncertainty jumps, sales hopes rise
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NFIB survey: US small-business optimism slips in January 2026 as uncertainty jumps, sales hopes rise

The NFIB Small Business Optimism Index slipped 0.2 point to 99.3 in January, while its uncertainty index jumped to 91. Sales expectations improved, but most other survey components weakened. Thirty-one percent of owners reported unfilled job openings, and 18% cited taxes as their top concern. Sixty percent made capital outlays in the past six months, but future spending plans softened.
February 11, 2026
Google’s AI push hits staff: take a buyout if you’re not “all in”
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Google’s AI push hits staff: take a buyout if you’re not “all in”

Google is offering voluntary exit packages to some U.S. staff in its Global Business Organization, excluding major customer-facing sales teams, according to an internal memo. The offer follows Alphabet’s report of record $402.8 billion revenue in 2025 and plans for up to $185 billion in capital spending this year. Chief business officer Philipp Schindler urged employees to embrace faster AI-driven changes.
February 11, 2026
Ford earnings: $11.1 billion Q4 loss, but 2026 profit outlook holds as tariffs bite
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Ford earnings: $11.1 billion Q4 loss, but 2026 profit outlook holds as tariffs bite

Ford reported an $11.1 billion net loss for the fourth quarter and missed earnings forecasts, citing tariffs and an aluminum supply disruption. Revenue fell 5% to $45.9 billion. The company maintained its 2026 adjusted profit outlook at $8 billion to $10 billion. Ford expects about $2 billion in tariff-related costs in 2026, much of it tied to aluminum sourcing for its F-150.
February 11, 2026
Reddit’s leadership shake-up lands as in-app search climbs past 80 million weekly users
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Reddit’s leadership shake-up lands as in-app search climbs past 80 million weekly users

Reddit named Amit Puntambekar executive vice president of consumer engineering and promoted Jim Squires to chief marketing officer and Laura Nestler to EVP of community. The company says weekly Reddit search usage rose to over 80 million after merging it with its AI-powered Reddit Answers feature. Executives are testing new search placements and richer AI results to keep more research activity on the platform.
February 11, 2026
Figma stock jumps then slips in premarket as Wall Street says AI software selloff is overdone
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Figma stock jumps then slips in premarket as Wall Street says AI software selloff is overdone

Figma shares fell 1.0% to $23.85 premarket Wednesday after closing up 8.9% at $24.10 Tuesday. The stock remains below its $33 IPO price from July 2025 and far from its $142.92 peak. Figma’s next earnings report is scheduled for Feb. 18 after markets close. Investors are watching for signs of broader adoption and the impact of AI on growth and costs.
February 11, 2026
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