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.

RBI Greenlights Vinay Tonse as Yes Bank CEO as SMBC-Backed Lender Moves to End Succession Uncertainty

RBI Greenlights Vinay Tonse as Yes Bank CEO as SMBC-Backed Lender Moves to End Succession Uncertainty

The Reserve Bank of India has approved Vinay Muralidhar Tonse as Yes Bank’s new managing director and CEO for three years, replacing Prashant Kumar in April. Tonse, formerly of State Bank of India, awaits shareholder approval before taking charge. Yes Bank shares closed at 21.33 rupees on Thursday, down 1.02%.
5 February 2026
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Snap stock jumps in premarket after buyback plan, but revenue outlook trails Wall Street

Snap stock jumps in premarket after buyback plan, but revenue outlook trails Wall Street

Snap shares rose 6.3% in premarket trading after reporting a 10% jump in Q4 revenue to $1.72 billion and unveiling a $500 million buyback plan. The company forecast Q1 revenue below analyst estimates, citing continued weakness from large advertisers. Daily active users hit 474 million, down 3 million from last quarter. Snapchat+ subscriptions surged 71% to 24 million.
5 February 2026
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Oil prices slide more than 1% as U.S.-Iran Oman talks ease supply fears; Brent, WTI retreat

Oil prices slide more than 1% as U.S.-Iran Oman talks ease supply fears; Brent, WTI retreat

Brent crude fell 86 cents to $68.60 a barrel and WTI dropped 82 cents to $64.32 Thursday as markets reacted to news of a U.S.-Iran meeting set for Friday in Muscat. U.S. crude inventories declined by 3.5 million barrels last week, according to EIA data. Gulf stock markets also slipped, with Saudi Arabia’s benchmark index down 1.1%.
5 February 2026
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US economic calendar today: Jobless claims, JOLTS hit as Wall Street futures steady

US economic calendar today: Jobless claims, JOLTS hit as Wall Street futures steady

Dow futures slipped 36 points and Alphabet dropped 2.4% premarket after unveiling plans to nearly double AI spending. Qualcomm fell 10.4% and Arm lost 7%, while Broadcom gained. Investors awaited delayed job data after a brief government shutdown, with the JOLTS report and weekly jobless claims due later Thursday. The S&P 500 fell 0.51% Wednesday as tech stocks sold off.
5 February 2026
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Bitcoin price sinks toward $70,000 as Trump-era rally fades and ETF money runs out

Bitcoin price sinks toward $70,000 as Trump-era rally fades and ETF money runs out

Bitcoin fell as low as $69,000 Thursday, its weakest level since November 2024, before recovering to around $71,000. Analysts cited tech-led selling in Asia, U.S. spot bitcoin ETF outflows over $500 million, and concerns about tighter liquidity under likely Fed chair Kevin Warsh. Ether hovered near $2,100 as investors shifted to gold and other safe havens.
5 February 2026
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Natural gas price today: Futures tick up before the EIA storage report after a violent winter swing

Natural gas price today: Futures tick up before the EIA storage report after a violent winter swing

U.S. natural gas futures rose Thursday morning, with the March contract up 6 cents to $3.525/mmBtu. Traders expect the Energy Information Administration to report a 379 Bcf storage draw, which would be among the largest on record. Wednesday’s session saw futures surge nearly 4.9%. Analysts cite freeze-offs, strong heating demand, and cold forecasts as key drivers.
5 February 2026
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Silver price today: Spot silver falls over 11% as dollar firms and traders cash out

Silver price today: Spot silver falls over 11% as dollar firms and traders cash out

Spot silver fell 11.3% to $78.13 an ounce by 0920 GMT Thursday, extending losses after a 17% drop earlier as the dollar strengthened and geopolitical tensions eased. Heavy selling followed silver’s failure to break $90.50, with weaker Chinese demand and reports of large short positions adding pressure. Silver hit a record $121.64 on Jan. 29 before retreating. Jeweller Pandora plans to shift to platinum-plated products to avoid price swings.
5 February 2026
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XRP price dives 14% to $1.36 as bitcoin tests $70,000 — what traders watch next

XRP price dives 14% to $1.36 as bitcoin tests $70,000 — what traders watch next

XRP fell 13.78% to $1.36 Thursday, leading losses among major cryptocurrencies as trading volume reached $6 billion. The drop followed news of Kevin Warsh’s Fed chair nomination and large outflows from U.S. spot bitcoin ETFs. Bitcoin hovered above $70,000; ether slipped 0.7%. XRP’s PermissionedDomains compliance feature went live Feb. 4, while Flare launched a new FXRP lending platform.
5 February 2026
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Mortgage rates today stick near 6.1% as bond yields hold; homebuilder stocks lift premarket

Mortgage rates today stick near 6.1% as bond yields hold; homebuilder stocks lift premarket

The average 30-year fixed conforming mortgage rate held at 6.096% early Thursday, barely changed from the day before. Mortgage applications fell 8.9% last week, with winter storms dampening demand, according to MBA data. Housing stocks rose premarket, while Rocket Companies slipped 1.7%. The U.S. Treasury said it will not increase bond auction sizes for several quarters.
5 February 2026
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AMD’s plunge, Nvidia’s China chip talks and Alphabet’s AI spend plan: what’s driving AI stocks today

AMD’s plunge, Nvidia’s China chip talks and Alphabet’s AI spend plan: what’s driving AI stocks today

AMD shares plunged 17.3% after its outlook missed high expectations, while Super Micro Computer jumped 13.8% on a stronger revenue forecast. Nvidia’s planned H200 chip sale to ByteDance remains stalled over U.S. license terms. Alphabet projected 2026 capital spending of up to $185 billion, far above estimates. The Nasdaq fell 1.51% and the S&P 500 lost 0.51% on Wednesday.
5 February 2026
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Stock Market Today

Meta stock faces an AI split: ad gains vs a $135 billion bill

Meta stock faces an AI split: ad gains vs a $135 billion bill

7 February 2026
Meta shares dropped 1.3% to $661.46 on Friday after the company projected 2026 capital spending of up to $135 billion, raising investor concerns over cash flow. Meta reported Q4 revenue of $59.89 billion, up 24% year-over-year, with ad impressions rising 18%. Analysts remain divided on whether AI-driven ad gains can offset the steep spending ramp.
IAG share price jumps toward a 52-week peak — what to watch before London reopens

IAG share price jumps toward a 52-week peak — what to watch before London reopens

7 February 2026
IAG shares rose 4.33% to 438.50 pence Friday, near their 52-week high, ahead of full-year results due later this month. The company reported 162,073,135 treasury shares and total voting rights of 4,565,128,012. Brent crude fell 2.2% Thursday to $67.93 a barrel. South Europe Ground Services logged 712,340 operations in 2025 and seeks approval to operate in Portugal.
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