Today: 7 February 2026
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IRS tax refund delays warning: staffing crunch and paper-check phaseout collide in 2026 season

IRS tax refund delays warning: staffing crunch and paper-check phaseout collide in 2026 season

The IRS entered the 2026 tax season down about 19,000 workers and with 2 million items in key processing backlogs, a Treasury watchdog reported. New rules will end most paper refund checks after September 2025, meaning missing bank details could delay refunds for weeks. The IRS has filled just 50 of 2,200 approved new positions in a critical processing role.
6 February 2026
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DBS share price dips as Singapore stocks slide; cross-border push and earnings next in focus

DBS share price dips as Singapore stocks slide; cross-border push and earnings next in focus

DBS Group Holdings fell 0.5% to S$59.37 on Friday ahead of its fourth-quarter results due Feb. 9. The Straits Times Index dropped 0.7% by midday as tech-led selling hit Asian markets. DBS aims for S$100 billion in consumer cross-border flows by 2030. Investors await margin and fee growth guidance, with Singapore’s Budget 2026 set for Feb. 12.
6 February 2026
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OCBC share price slips in Singapore trade — what investors are watching before Feb 25 results

OCBC share price slips in Singapore trade — what investors are watching before Feb 25 results

OCBC shares fell 0.8% to S$21.28 by mid-afternoon Friday in Singapore, ahead of its Feb. 25 earnings report. Maybank Research expects flat to slightly weaker results for the bank, with investors watching for signs of easing pressure on net interest margins. OCBC also transferred 2,310 treasury shares for employee schemes, leaving 10.69 million treasury shares on its books.
6 February 2026
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Singtel share price slips again: what’s moving Singapore Telecommunications stock after the STT GDC deal

Singtel share price slips again: what’s moving Singapore Telecommunications stock after the STT GDC deal

Singtel shares fell 0.4% to S$4.76 by 3 p.m. Friday, extending losses after a volatile week following its STT GDC data-centre deal with KKR. The consortium will pay S$6.6 billion in cash, with Singtel’s portion at S$740 million, pending regulatory approval. Broker targets remain higher ahead of Singtel’s earnings on February 18.
6 February 2026
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Yangzijiang Shipbuilding shares slide 5% as Maersk warning jolts shipping-linked stocks

Yangzijiang Shipbuilding shares slide 5% as Maersk warning jolts shipping-linked stocks

Yangzijiang Shipbuilding shares fell about 5% to S$3.20 by Friday afternoon in Singapore, erasing over S$700 million in market value. The drop followed Maersk’s warning that lower freight rates and increased ship supply could hit earnings through 2026. Investors shifted focus to shipping-rate trends and Yangzijiang’s earnings due in March. Broader Singapore and Asian markets also declined.
6 February 2026
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Evolution Mining (EVN) share price slides again as metals whipsaw; eyes turn to Feb 11 results

Evolution Mining (EVN) share price slides again as metals whipsaw; eyes turn to Feb 11 results

Evolution Mining shares fell 1.4% to A$14.34 in Sydney Friday, capping a volatile week for gold miners as precious metals swung sharply and investors cut positions. Trading volume reached 8.6 million shares. CME Group raised margin requirements for gold and silver futures after wild price moves. Evolution’s half-year results are due Feb. 11.
6 February 2026
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Xero share price ends lower as AI disruption fears keep ASX tech under pressure

Xero share price ends lower as AI disruption fears keep ASX tech under pressure

Xero shares closed down 0.4% at A$81.76 Friday after plunging 16% midweek, their steepest drop since 2013. The selloff followed fresh AI launches from Anthropic and investor concerns over software pricing power. Xero said over two million subscribers use its AI tools and expects Melio to reach breakeven in H2 FY28. WiseTech Global fell 4.7% as software stocks faced continued pressure.
6 February 2026
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India-US trade deal gets March target as GST sleuths net suspects and an ITC meme captures market nerves

India-US trade deal gets March target as GST sleuths net suspects and an ITC meme captures market nerves

GST investigators arrested four men in a ₹250-crore areca nut tax evasion case, while Kanpur police detained seven suspects in a ₹7.03-crore fake-invoice scam. Trade Minister Piyush Goyal said India and the U.S. will sign a formal trade deal in March, aiming to cut U.S. tariffs on Indian exports from 50% to 18%. ITC shares remained flat despite optimism over the trade agreement.
6 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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