Financial Summary: Thursday, February 5, 2026

Google is increasing its AI investment to $185 billion to strengthen its market position after reporting record revenues.

OpenAI plans to introduce advertisements in ChatGPT, facing backlash from its CEO regarding competing campaigns.

Anthropic has released its new AI model, Claude Opus 4.6, enhancing coding capabilities for professional applications.

The software sector is experiencing a downturn as stock selloffs are triggered by rising concerns over AI advancements.

UK Prime Minister Keir Starmer faces backlash for appointing Peter Mandelson as US ambassador amid ethical concerns.

The U.S. is forming a trade bloc with allies to enhance economic security and counter China's influence in critical minerals.

The US and Russian militaries are set to resume high-level talks after a four-year hiatus, amid ongoing tensions over Ukraine.

Senator Elizabeth Warren urges the reversal of a deal to sell advanced AI chips to the UAE due to national security concerns.

Hillary Clinton calls for public testimony regarding Jeffrey Epstein to improve transparency in the ongoing investigation.

The White House launches Trump Rx, a new direct-to-consumer drug site aimed at lowering medication costs.

US job cuts have reached the highest January total since 2009, signaling potential weakness in the labor market.

President Trump proposes a new nuclear treaty with Russia as the New Start agreement nears expiration.

UK Prime Minister Keir Starmer apologizes to victims of Jeffrey Epstein amid criticism from Labour MPs.

President Trump adjusts his position on the UK's Chagos Islands deal, asserting the right to secure the American base on Diego Garcia.

Gold prices increased as investors engaged in dip-buying amid rising U.S.-Iran tensions.

The Nasdaq experienced its worst two-day decline since April as investors shifted focus from AI stocks to traditional sectors.

Indian benchmark indices Sensex and Nifty fell over 200 points due to profit-taking in metal and pharma stocks.

U.S. stock markets declined, with the Dow dropping on unexpected jobless claims and disappointing earnings from Alphabet.

Bitcoin's value dropped below $65,000, raising concerns among investors amid a broader sell-off in tech stocks.

The European Central Bank maintained interest rates, indicating a steady policy outlook amid stable growth and inflation.

Sebi banned 15 individuals from the securities market for three years for manipulating Unison Metals shares.

Bob's Discount Furniture had a muted debut on the NYSE, opening flat at $17 a share amid expansion plans.

Kevin Warsh's potential nomination to the Fed is being discussed as a move to restore the central bank's independence and credibility.

A Super Bowl ad featuring Trump accounts is set to air during the game between the Seattle Seahawks and the New England Patriots.

SpaceX is preparing for a major IPO, aiming for early inclusion in key market indexes.

Snap's shares increased after exceeding fourth-quarter earnings expectations, despite a revenue guidance cut.

Qualcomm's stock dropped 10% due to warnings about memory shortages impacting its market forecast.

E.l.f. Beauty reported strong earnings and raised its full-year guidance following its acquisition of Hailey Bieber's skincare brand.

Ciena returns to the S&P 500 after 17 years, forecasting its fastest growth since 2011, driven by AI advancements.

Sony's December-quarter profit rose 22%, exceeding expectations and prompting an increase in its full-year outlook.

Volvo Cars shares fell over 18% after reporting a significant decline in fourth-quarter profits.

KKR announced its acquisition of Arctos Partners, a professional sports investor, in a $1.4 billion deal.

Amazon is focusing on making AI more affordable to enhance its stock performance.

Peloton's shares dropped over 20% following disappointing holiday quarter results and weak demand for new products.

Hero MotoCorp reported a 12% increase in standalone profit for Q3 FY26, driven by operational efficiencies.

Kennametal India experienced a 16% revenue increase in Q3 FY26, fueled by strong demand for hard metal products.

Amazon's earnings report emphasizes cloud growth, AI spending, and recent corporate layoffs.

A surprise tax hike on equity derivatives in India is expected to lower returns for arbitrage fund managers, impacting operational costs and investor yields.