By Eleanor Whitfield
Former buy-side analyst. Leads the desk with a focus on global markets, macro flows and what moves portfolios.
FedEx Sells Supply Chain Unit to CMA CGM for $1.4 Billion, Keeps Freight Ties
FedEx has agreed to sell its FedEx Supply Chain unit to French shipping giant CMA CGM for about $1.4 billion. The deal includes multiyear ai
Markets Split as Financials Surge 2.6% and Tech Slides: What Investors Need to Know
US markets showed a clear split Wednesday as financial stocks rallied 2.6% while tech shares slipped. The tech-heavy QQQ fell 1%, and chip E
Bending Spoons IPO Raises $1.68B, Opens Above Offer Price in Test for Software Deals
Bending Spoons, an Italian software serial acquirer, raised $1.68 billion in its US IPO, pricing at $29 and opening at $31. The strong debut
Lime Shares Pop on Nasdaq Debut, Valuing Scooter Firm at $1.73 Billion
Lime shares rose 8% on their first day of trading, opening at $27 after pricing at $25. The micromobility company, backed by Uber, is valued
Meta Plans Cloud Business to Rent Out AI Computing Power, Easing Spending Fears
Meta is reportedly planning a cloud business that would let customers rent access to its AI models and spare computing power. The move could
Swiss Shares Slip as Manufacturing Cools and Middle East Tensions Rise
The Swiss Market Index slipped 0.56% as June manufacturing data showed slower growth and investors kept an eye on US-Iran talks over shippin
Aramco Ventures Leads $800M Series C in Together AI at $8.3B Valuation
Together AI has secured $800 million in Series C funding led by Aramco Ventures, reaching an $8.3 billion valuation. The open-source AI infr
European Stocks Dip as June Inflation Cools to 2.8%, Energy Prices Stay Hot
Euro area inflation cooled to 2.8% in June, down from 3.2% in May, but the Stoxx Europe 600 still slipped 0.5%. Energy prices led gains, and
iPhone Buyers More Excited by Foldables Than AI, UBS Survey Shows
A UBS survey shows iPhone buying interest is picking up in the US and parts of Europe, but Apple Intelligence isn't driving upgrades. Instea
Treasury Yields Retreat After Weak ADP Jobs Data and Dovish Fed Signals
US Treasury yields cooled after a weaker-than-expected ADP jobs report and dovish comments from a former Fed official. The 10-year yield fel
European ADRs Slide as AstraZeneca, Ericsson Lead Broad Decline in US Trading
European stocks trading in the US as ADRs dropped 1.61% on Wednesday, led by AstraZeneca and Ericsson. The decline signals cautious investor
RBC Cuts Methanex Target to $65, Sees Methanol Prices Past Peak
RBC analysts cut Methanex's price target to $65 from $70, even as they raised 2026-27 EBITDA forecasts. The move suggests methanol prices ha