5 Big News Stories Overnight - Saturday, February 7, 2026

U.K.: Exclusive by the Guardian - Journalists Investigated

The Guardian report:

A Labour minister commissioned and reviewed an intelligence report on journalists investigating the thinktank that helped propel Keir Starmer to power, the Guardian has learned.

The research was ordered and subsequently reviewed by Josh Simons, now a minister in the Cabinet Office, when he was chair of Labour Together, according to sources and documents seen by the Guardian.

Simons is close to the prime minister’s chief of staff, Morgan McSweeney, who had previously run Labour Together and whose own role in the operation to gather material on journalists is under scrutiny.

In an agreement addressed to Simons, drawn up by the PR firm APCO Worldwide, the firm agreed to “investigate the sourcing, funding and origins” of a November 2023 Sunday Times report about the thinktank, in addition to other journalistic investigations into the group.

Mongolia: The Olympic Team - Best Dressed

The Wall Street Journal reports:

Team USA was dressed by Ralph Lauren, Canada came decked out in the finest Lululemon and Italy welcomed the world to the Milan Cortina Games in uniforms designed by Emporio Armani.

But the most stylish delegation in this global capital of fashion was the one wearing a cashmere collection inspired by warriors on horseback, nomads in yurts and the strength of history’s most sprawling empire.

Benvenuti…Mongolia! 

In the Opening Ceremony on Friday, the trio of Mongolian Olympians competing in alpine and cross-country skiing seized the attention of the Games by parading around in deels, their robes made of cashmere and lined with yak down for extra warmth. They paired them with horn-shaped hats designed to protect against enemy arrows and survive the biting cold of the Mongolian steppes—and a trip to Northern Italy.

By the time they waved the flag, their uniforms designed by Goyol Cashmere had already been declared the look of the season. When the Mongolian company behind the merch released a sneak preview weeks ago, Vogue raved about the clothing and shoppers from all over the world preordered sweaters, scarves and ski caps.

PHOTO: Promotional GOYOL

File this under: LONG OVERDUE

The @DeptWar is formally ending ALL Professional Military Education, fellowships, and certificate programs with Harvard University.

Harvard is woke; The War Department is not. pic.twitter.com/0kpsvivtsQ

— Secretary of War Pete Hegseth (@SecWar) February 6, 2026

U.S.: Trump Shares Racist Video of Obamas; Long Way from Welcoming the Obamas Gave the Trumps in 2017.

CNN

President Donald Trump shared a racist video on his social media platform Thursday night that depicted former President Barack Obama and former first lady Michelle Obama as apes in a jungle, then removed it hours later amid bipartisan outrage, including from a close ally.

Just before noon, the White House blamed a staffer for the video posted to Trump’s Truth Social account and said the post had been removed. The statement came after serious backlash, including from GOP Sen. Tim Scott, the only Black Republican in the Senate, who called the post racist and said Trump should remove it.

U.S.: Dow surges 1,200 points for First Close Above 50,000

CNBC reports:

Stocks surged on Friday as technology stocks recovered following several days of heavy selling in the sector and bitcoin rebounded following a rout that took the popular cryptocurrency down more than 50% at one point.

The Dow Jones Industrial Average advanced 1,206.95 points, or 2.47%, closing at 50,115.67. Friday marked the first time the Dow exceeded the 50,000 level.

The S&P 500  jumped 1.97% and ended at 6,932.30, while the Nasdaq Composite advanced 2.18% to 23,031.21. With those moves, the S&P 500 climbed back into the green for 2026.

Even with Friday’s pop, the S&P 500 posted a 0.1% decline for the week, while the Nasdaq fell 1.8% on the week. The 30-stock Dow rose 2.5% week to date, benefiting from some rotation into some economically cyclical stocks even as the overall market was weighed down by tech selling.