By Eleanor Whitfield
Former buy-side analyst. Leads the desk with a focus on global markets, macro flows and what moves portfolios.
Tencent Sells $1.55B in Kuaishou Shares, Discount Signals Strategic Shift
Tencent Mobility is selling 273 million Kuaishou shares at a 3.2%-6.2% discount to raise up to $1.55 billion. The block sale is fully second
Broadcom and Apple Extend Custom Chip Deal Through 2031, Locking In Key Revenue Stream
Broadcom has extended its custom chip partnership with Apple through 2031, reinforcing a relationship that accounts for roughly 20% of Broad
Hedge Funds Post Strong June by Crowding Into Winning Trades, Goldman Says
Hedge funds that pick stocks based on company fundamentals returned 4% in June and 17.4% year to date, according to Goldman Sachs. The stron
Nasdaq Futures Rise 1.1% as Chip Stocks Stabilize; Focus Shifts to Fed Minutes and Earnings
Nasdaq 100 futures rose 1.1% as chip stocks steadied after recent wobbles. Markets now turn to Wednesday's Fed minutes and the next wave of
Dollar Strengthens as Markets Await Fed Minutes and Key Economic Data
The US dollar strengthened against the euro and pound as traders positioned for the release of the June Federal Reserve meeting minutes and
Canadian Dollar Loses Oil Support as US Yields Rise, MUFG Warns
MUFG says the Canadian dollar lost a key tailwind in June as crude oil prices fell and short-term US yields climbed. The loonie now faces he
Berenberg Sees Bossard Earnings Recovery Broadening, Holds 228-Franc Target
Berenberg reaffirmed its 228-franc price target on Swiss industrial supplier Bossard, pointing to a broadening earnings recovery. The bank s
SK Hynix Lists on Nasdaq with $28 Billion ADR Offering to Fund AI Chip Expansion
SK Hynix, a key supplier of high-bandwidth memory for AI servers, is listing on Nasdaq via a $28 billion ADR offering. Early investors have
BofA Raises UBS Price Target to 50 Francs, Sees Fast EPS Growth Ahead
Bank of America raised its price target for UBS to 50 francs from 48 ahead of the bank's July 29 earnings. The firm sees rapid profit growth
Asia Markets Mixed as Nvidia's Next-Gen AI System Faces Over-Year Delay
Asian markets showed mixed results after reports emerged that Nvidia could delay its next-generation AI server rack system by more than a ye
Pound Dips to $1.3338 as Dollar Rebounds and UK Politics Weigh on Sentiment
The pound fell to $1.3338 as the US dollar found its footing and traders reduced expectations for further Bank of England rate hikes. UK pol
RBC Cuts Associated British Foods Forecasts on Sugar Weakness and Currency Risk
RBC Capital Markets has lowered its earnings forecasts for Associated British Foods by 2%-3% for fiscal 2026-2028. The bank points to persis