Today: 7 February 2026
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Shan Ahmed Khan

As a journalist focused on finance and the stock market, he delivers fast, reliable, and easy-to-understand coverage of market news.

Heating oil price today: ULSD futures slip after Arctic-blast rally as traders await U.S. inventories

Heating oil price today: ULSD futures slip after Arctic-blast rally as traders await U.S. inventories

NEW YORK, Jan 22, 2026, 07:03 EST — Premarket NYMEX February ultra-low sulphur diesel (ULSD) futures — often still referred to as heating oil — dropped 6.0 cents, or roughly 2.5%, settling at $2.3703 a gallon by 7:03 a.m. EST. Crude and gasoline futures slid as well, even as U.S. natural gas prices continued their climb. (Barchart.com) The pullback coincides with winter demand kicking in. ULSD follows the broader distillate market—a category covering diesel and heating oil—so price shifts can quickly impact trucking expenses and heating bills in the Northeast as temperatures drop. Timing is key. The U.S. Energy Information
22 January 2026
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Gasoline price today: RBOB futures slide as traders eye delayed U.S. inventory report and Arctic blast

Gasoline price today: RBOB futures slide as traders eye delayed U.S. inventory report and Arctic blast

NEW YORK, Jan 22, 2026, 07:01 EST — Premarket NYMEX February RBOB gasoline futures were down 1.6% at $1.8277 a gallon by 07:02 a.m. EST, after settling at $1.8574 on Wednesday. (Investing.com) The pullback tracked crude, which slipped after U.S. President Donald Trump softened threats over Greenland and Iran, easing geopolitical risk premia. Brent was down 1.6% at $64.17 a barrel and U.S. WTI down 1.7% at $59.60, while U.S. gasoline inventories rose by 6.21 million barrels last week, market sources said citing American Petroleum Institute figures. “There is a deflation of risk premium,” Ole Hansen, Saxo Bank’s chief commodity
22 January 2026
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Lithium price jumps again as China spot hits 164,500 yuan; Albemarle in focus before U.S. open

Lithium price jumps again as China spot hits 164,500 yuan; Albemarle in focus before U.S. open

New York, Jan 22, 2026, 07:08 EST — Premarket Lithium prices in China climbed once more on Thursday, with battery-grade lithium carbonate hitting 164,500 yuan ($20,855) per metric ton, VAT excluded. (Metal.com) The recent surge is crucial since lithium underpins nearly all EV and grid-battery chemistries, with its price quickly impacting miner profits and battery expenses. Following a prolonged slump caused by oversupply, the rebound is pushing miners and cathode producers to rethink their contracts and inventory strategies. Futures continue to stir the pot. The Guangzhou Futures Exchange raised the daily trading limit from 9% to 11%, reacting to multiple
22 January 2026
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US economic calendar today: Stock futures rise ahead of delayed PCE inflation data, GDP revision and jobless claims

US economic calendar today: Stock futures rise ahead of delayed PCE inflation data, GDP revision and jobless claims

NEW YORK, Jan 22, 2026, 06:48 ET — Premarket U.S. stock index futures climbed on Thursday, pushing Wall Street’s recent rally higher ahead of a packed economic docket. Investors are gearing up for key data, including GDP, weekly jobless claims, and a delayed update on the Fed’s favored inflation measure. At 5:59 a.m. ET, S&P 500 e-minis were up 0.60%, Nasdaq 100 e-minis rose 0.87%, and Dow e-minis gained 0.41%. (Reuters) Wednesday’s cash session saw a sharp relief rally after President Donald Trump announced he would not go ahead with tariffs planned for Feb. 1, pushing the S&P 500 to
22 January 2026
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GE Aerospace earnings beat: 2026 profit forecast tops estimates as airlines keep engines in the shop

GE Aerospace earnings beat: 2026 profit forecast tops estimates as airlines keep engines in the shop

CINCINNATI, Jan 22, 2026, 07:09 EST GE Aerospace predicted on Thursday that its 2026 adjusted earnings per share will exceed Wall Street expectations, driven by strong demand for spare parts and maintenance as airlines extend the life of older aircraft. Shares climbed nearly 4% in premarket trading. The company also noted that parts and services account for over 70% of its commercial engine revenue. (Reuters) Timing is crucial. Boeing and Airbus have lagged in delivering new planes, forcing airlines to pour money into maintaining their current fleets—despite steady global travel demand. This shift has boosted pricing power for engine makers
22 January 2026
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Brent oil price slips to $64 as risk premium ebbs; U.S. inventories loom

Brent oil price slips to $64 as risk premium ebbs; U.S. inventories loom

London, January 22, 2026, 12:00 GMT — Regular session Brent crude futures dropped $1.07, or 1.6%, to $64.17 a barrel by 1123 GMT Thursday, while U.S. West Texas Intermediate for March slid $1.02, or 1.7%, to $59.60. The oil price pullback came after a two-day rally boosted by a Kazakhstan outage. President Donald Trump eased tensions by softening his Greenland tariff threats and expressing hope to avoid further U.S. military action in Iran. According to market sources citing the American Petroleum Institute, U.S. crude stocks increased by 3.04 million barrels and gasoline inventories rose 6.21 million last week. Saxo Bank’s
22 January 2026
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Crude oil prices slip today: Brent and WTI ease as traders brace for U.S. inventory data

Crude oil prices slip today: Brent and WTI ease as traders brace for U.S. inventory data

London, January 22, 2026, 11:47 AM (GMT) — Regular session Crude oil prices slipped on Thursday following two days of gains as traders pared back bets on geopolitical tensions involving Greenland and Iran. Brent futures dropped 61 cents, or 0.9%, to $64.63 a barrel by 0954 GMT. Meanwhile, U.S. West Texas Intermediate for March slid 54 cents, also 0.9%, settling at $60.08. Ole Hansen, chief commodity analyst at Saxo Bank, described the move as a “deflation of risk premium.” Tony Sycamore at IG added that oil “should hold at around $60 a barrel.” (Reuters) This matters since crude prices have
22 January 2026
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Oil prices today: Brent and WTI slide as Trump cools Greenland, Iran talk; inventories back in focus

Oil prices today: Brent and WTI slide as Trump cools Greenland, Iran talk; inventories back in focus

London, January 22, 2026, 11:41 GMT — Regular session Oil prices gave back two days of gains on Thursday, slipping as traders eased concerns over geopolitical risks. By 0954 GMT, Brent crude dropped 61 cents, or 0.9%, to $64.63 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude for March slid 54 cents, also down 0.9%, to $60.08. Ole Hansen, chief commodity analyst at Saxo Bank, described the move as a “deflation of risk premium” amid cooling headlines from Greenland and Iran. (Reuters) The market still faces a core issue: an oversupply in Q1 despite persistent disruption risks. On Wednesday,
22 January 2026
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National Grid’s North Wales grid upgrade clears a planning hurdle — what the Pentir–Trawsfynydd plans include

National Grid’s North Wales grid upgrade clears a planning hurdle — what the Pentir–Trawsfynydd plans include

LONDON, Jan 22, 2026, 11:31 GMT National Grid said four planning applications for an electricity network upgrade in north Wales have been validated by local authorities, moving its Pentir to Trawsfynydd project into formal review. The company expects decisions early this year and, if approved, construction would start in summer 2026, with full operation scheduled for 2030. https://www.nationalgrid.com/national-grid-submits-planning-applications-vital-electricity-network-upgrade-north-wales-connect The step matters because grid bottlenecks are starting to bite harder. National Grid said the works would ease pressure on the existing network, support Wales’ clean power and energy security goals and reduce “constraint costs” — extra charges that build up when
22 January 2026
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HMRC’s Tax Fine Shake-Up: Penalty Points Loom as Making Tax Digital Hits Landlords

HMRC’s Tax Fine Shake-Up: Penalty Points Loom as Making Tax Digital Hits Landlords

London, January 22, 2026, 11:28 GMT HMRC plans to scrap automatic late-filing fines in favor of a penalty-points system for those enrolled in its Making Tax Digital programme. Landlords, however, say they’re unprepared and are lobbying for softer penalties at the start.https://www.telegraph.co.uk/money/tax/news/hmrc-to-replace-fines-with-penalty-point-system/ The deadline for the 2024/25 self-assessment tax year is 11:59 p.m. on Jan. 31. Taxpayers must pay any owed tax by that point as well. Missing this cutoff will lead to penalties under the current rules.https://www.gov.uk/self-assessment-tax-returns/deadlines Starting April 6, the government will require self-employed individuals and landlords with income over £50,000 to comply with Making Tax Digital for
22 January 2026
Mortgage rates today: 30-year fixed holds near 6.1% as refi demand jumps, markets await inflation data

Mortgage rates today: 30-year fixed holds near 6.1% as refi demand jumps, markets await inflation data

NEW YORK, Jan 22, 2026, 06:35 AM EST — Premarket Mortgage rates today held near the 6% mark early Thursday. Bankrate’s national average 30-year fixed rate was 6.13%, and the annual percentage rate (APR), which includes fees, was 6.21% in its 6:30 a.m. reading. The average 30-year refinance rate was 6.50%, while the 15-year fixed APR was 5.66%. (Bankrate) That matters now because mortgages sit at the choke point for the U.S. housing market. A small move in rates can swing monthly payments quickly, and the line between “maybe” and “no” is still thin for many borrowers. It also matters
22 January 2026
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Bitcoin price today: BTC steadies near $90,000 after Trump drops Greenland tariff threat

Bitcoin price today: BTC steadies near $90,000 after Trump drops Greenland tariff threat

New York, Jan 22, 2026, 06:20 (EST) — Premarket Bitcoin climbed 0.8% to $89,874 on Thursday, staying just shy of the $90,000 level after fluctuating between $87,304 and $90,379. Ether gained roughly 1%, reaching $2,996. The rally holds the world’s largest cryptocurrency near a point traders see more as a sentiment indicator than a key benchmark. Recent sessions have tied bitcoin’s moves to the same forces influencing rates and equities: political developments, long-term bond yields, and the speed at which investors retreat to cash. On Wednesday, U.S. President Donald Trump pulled back a tariff threat linked to Greenland, announcing that
22 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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