By Eleanor Whitfield
Former buy-side analyst. Leads the desk with a focus on global markets, macro flows and what moves portfolios.
BofA trims Advanced Petrochemical target but sees 2026 turnaround
Bank of America trimmed its price target on Advanced Petrochemical to 30 riyals but kept a positive stance. The bank expects volumes to reco
TransDigm's next lift may come from deals, buybacks, RBC says
RBC Capital Markets says TransDigm's next growth driver may be capital returns or acquisitions, not aircraft demand. Deals, buybacks, or a s
AWS says some Gulf cloud data lost forever after drone strikes
Amazon Web Services says some customer data in its Bahrain and UAE regions can't be recovered, more than six months after drone strikes dama
Impulse Space raises $308M to scale satellite production
Impulse Space has raised another $308 million to scale up hiring and manufacturing as demand for its satellite-moving services grows. The Se
Treasury yields slip as traders still see 93% chance of Fed hike
US Treasury yields slipped even after August retail sales and import prices came in hot. Markets still see a 93% chance of at least a 25-bas
Wedbush says Ascendis' Novo split selloff missed the point
Ascendis Pharma is ending its collaboration with Novo Nordisk, regaining rights to its once-monthly obesity drug candidate. Shares fell, but
Rock Tech Lithium expands private placement to CA$6M for Ontario converter
Rock Tech Lithium has upsized its private placement to CA$6 million, pricing about 9.2 million units at CA$0.65. Proceeds will fund its Geor
Starbucks weighs Japan stake sale as Grab moves to own Atome outright
Two big consumer deals are in the works: Starbucks is considering selling a majority stake in its Japan business, and Grab is moving to take
Apple's AI server plan leans on Nvidia's NVLink Fusion, report says
Apple has discussed building an enterprise AI inference server that uses its own chips but could rely on Nvidia's NVLink Fusion to link them
May Mobility to go public via $1.4B SPAC merger, listing on Nasdaq as 'MAY'
May Mobility, an autonomous ride-hailing company, is going public via a $1.4 billion merger with SPAC ACP Holdings. The combined company wil
Hedge funds pile into consumer stock shorts as Alphabet turns bearish
Hedge funds ramped up short positions against consumer stocks in August, and Alphabet flipped to net short for the first time this year. The
BofA Cuts Sipchem Price Target but Keeps Buy Rating on Volume Growth
Bank of America cut its profit forecasts for Saudi chemicals maker Sipchem and lowered its price target to 16.5 riyals, yet kept a buy ratin