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.

XRP price in ‘washout zone’ as analyst maps $30 target — but flags another drop first

XRP price in ‘washout zone’ as analyst maps $30 target — but flags another drop first

XRP hovered near $1.59 Thursday after a sharp drop from early January highs. Analysts described the move as a “washout” phase, with some projecting long-term targets up to $30 if the correction ends. U.S. spot XRP ETFs saw $1.37 billion in net inflows by mid-January but posted a $93 million outflow on Jan. 30. Slowing transaction fees and competition from rivals remain key risks.
5 February 2026
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Broadcom stock rises as Google flags up to $185 billion in AI capex spending

Broadcom stock rises as Google flags up to $185 billion in AI capex spending

Broadcom shares rose 2.8% to $316.53 Thursday after Alphabet announced a 2026 capital spending plan of up to $185 billion, far above forecasts. The stock hit $326.44 before retreating. Broadcom supplies Google’s AI chips, with over 80% of its AI compute sales tied to the partnership. The company reports quarterly results after the close on March 4.
5 February 2026
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Alphabet’s up to $185 billion AI capex plan hits Wall Street as Nasdaq slides again

Alphabet’s up to $185 billion AI capex plan hits Wall Street as Nasdaq slides again

U.S. stocks fell Thursday, led by sharp declines in tech shares as investors reacted to heavy AI spending plans from Alphabet and Qualcomm’s weak revenue forecast. Alphabet dropped 2.6%, Qualcomm plunged 8%, and AMD tumbled 17%. The S&P 500 lost 0.51%, Nasdaq 0.50%, and Dow 0.56% by mid-morning. Silver slumped 15% and oil prices also fell amid broad market pressure.
5 February 2026
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Cigna stock jumps as earnings beat meets soft 2026 outlook and FTC insulin settlement

Cigna stock jumps as earnings beat meets soft 2026 outlook and FTC insulin settlement

Cigna shares rose 3.2% to $280.46 after posting Q4 adjusted earnings of $8.08 per share, above forecasts, though its 2026 outlook missed estimates. Express Scripts agreed to a 10-year FTC settlement on insulin pricing, expected to cut patient costs by up to $7 billion. Evernorth pharmacy revenue jumped 20% to $36.3 billion. Cigna’s board raised its quarterly dividend to $1.56 per share.
5 February 2026
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QQQ Slides Again as Alphabet’s $185B AI Spend Plan Stirs Nasdaq-100 ETF Jitters

QQQ Slides Again as Alphabet’s $185B AI Spend Plan Stirs Nasdaq-100 ETF Jitters

Invesco’s Nasdaq-100 ETF QQQ fell about 1.6% Thursday morning, extending losses after Alphabet projected 2026 capital spending of up to $185 billion. Portfolio managers cited concerns over high tech valuations and AI-driven disruption, prompting investors to cut risk. Trading volume in QQQ rose above recent averages, with the ETF last seen near $605.75.
5 February 2026
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Ethereum cracks $2,000 as Fed fears deepen crypto sell-off

Ethereum cracks $2,000 as Fed fears deepen crypto sell-off

Ether fell below $2,000 on Thursday, dropping about 9% to $1,946.65 after Donald Trump named Kevin Warsh as his pick for Fed chair. Bitcoin slid 9.5% to near $67,029. Analysts cited heavy liquidations and over $800 million in outflows from U.S.-listed bitcoin ETFs in two days. The global crypto market has lost nearly $1.9 trillion since early October, according to CoinGecko.
5 February 2026
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Tapestry stock jumps after Coach Tabby handbag demand drives earnings beat, outlook hike

Tapestry stock jumps after Coach Tabby handbag demand drives earnings beat, outlook hike

Tapestry Inc shares rose 3.8% to $134.87 after reporting a 14% jump in quarterly sales to $2.50 billion and raising its full-year outlook. Coach revenue surged 25% while Kate Spade sales fell 14%. The company now expects fiscal 2026 revenue above $7.75 billion and plans $1.5 billion in shareholder returns. The stock earlier jumped nearly 9% before paring gains.
5 February 2026
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Nasdaq’s ‘Fast Entry’ Nasdaq-100 Rule Could Rush SpaceX-Scale IPOs Into the Index

Nasdaq’s ‘Fast Entry’ Nasdaq-100 Rule Could Rush SpaceX-Scale IPOs Into the Index

Nasdaq has proposed a “Fast Entry” rule to allow newly listed companies with a market cap in the top 40 of current Nasdaq-100 members to join the index within 15 trading days. The move comes as major IPOs like SpaceX and Anthropic prepare to go public in 2026. SpaceX advisers have contacted index providers about accelerated inclusion, a source told Reuters. The rule could take effect after the March 2026 quarterly rebalance.
5 February 2026
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Google’s $185B AI spending plan spooks Nasdaq as software stocks slide again

Google’s $185B AI spending plan spooks Nasdaq as software stocks slide again

Alphabet shares fell 2.6% Thursday after the company projected 2026 capital spending of up to $185 billion, far above analyst estimates. The S&P 500 software and services index dropped 1.8%, with ServiceNow, Salesforce, and Microsoft each down about 2.6%. The Dow lost 0.56% by 9:41 a.m. ET. Investors also awaited Amazon earnings and new U.S. labor data.
5 February 2026
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Amazon earnings today: AWS cloud growth under the microscope after Microsoft’s $500B wipeout

Amazon earnings today: AWS cloud growth under the microscope after Microsoft’s $500B wipeout

Amazon will report fourth-quarter results Thursday, with analysts expecting AWS revenue near $35 billion, up about 21% year-over-year. Investors remain cautious after Microsoft’s Azure slowdown erased $500 billion in value from Microsoft shares. Amazon projects net sales between $206 billion and $213 billion for the quarter. Wall Street eyes Amazon’s spending on AI infrastructure and its impact on margins.
5 February 2026
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Bitcoin slides under $70,000 as Strategy (MSTR) nears earnings and debt worries flare

Bitcoin slides under $70,000 as Strategy (MSTR) nears earnings and debt worries flare

Strategy (MSTR) shares fell 12% to $113.11 Thursday as bitcoin slid 9% to $67,500 ahead of the company’s earnings report. The drop puts pressure on Strategy’s leveraged bitcoin holdings, now valued at about $50.2 billion, with $2.25 billion in cash and billions in convertible debt maturing from 2027. Investors are watching for signs of funding strain or forced bitcoin sales.
5 February 2026
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Deutsche Börse’s 360T taps Bitpanda for MiCA crypto trading as BaFin scrutiny lingers

Deutsche Börse’s 360T taps Bitpanda for MiCA crypto trading as BaFin scrutiny lingers

Deutsche Börse’s 360T and Austria’s Bitpanda have linked 3DX with Bitpanda’s crypto services for institutional clients under EU MiCAR rules. The move comes as Bitpanda faces scrutiny over BaFin audit findings and internal compliance issues at its German branch. Bitpanda says the partnership will improve pricing and speed for banks adding crypto.
5 February 2026
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Stock Market Today

GSK share price set for Monday watch after EU clears Nucala COPD use

GSK share price set for Monday watch after EU clears Nucala COPD use

7 February 2026
GSK shares closed Friday up 0.83% at a 52-week high after the EU approved Nucala for certain uncontrolled COPD patients. Insider filings showed chairman Jonathan Symonds bought 2,500 shares while executive David Redfern sold 100,000. The FTSE 100 rose 0.6%. Broker ratings on GSK remained mixed.
Aye Finance IPO: Rs 454-crore anchor haul follows valuation cut below last round

Aye Finance IPO: Rs 454-crore anchor haul follows valuation cut below last round

7 February 2026
Aye Finance raised Rs 454.5 crore from 19 anchor investors ahead of its Feb 9 IPO, pricing shares at the top of a Rs 122–129 range. The company’s profit fell 40% to Rs 64.3 crore in the six months to September as bad loans rose to 4.85%. The IPO values Aye at about Rs 3,200 crore, below its last private round. Major investors include Nippon Life India and Goldman Sachs funds.
BAT share price closes near 52-week high as buyback rolls on ahead of results week

BAT share price closes near 52-week high as buyback rolls on ahead of results week

7 February 2026
British American Tobacco shares closed up 1.2% at 4,609 pence Friday, near a 52-week high. The company disclosed further share buybacks and management share purchases ahead of its Feb. 12 full-year results. BAT bought 121,668 shares for cancellation on Feb. 5. Investors await updates on nicotine alternatives and cash returns.
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