By Eleanor Whitfield
Former buy-side analyst. Leads the desk with a focus on global markets, macro flows and what moves portfolios.
Apple's June iPhone Sales Hold Steady, but Memory Costs Threaten Margins: UBS
UBS says Apple's June-quarter iPhone sales were steadier than feared, but rising memory costs could squeeze margins. The company reports fis
Verizon Sells 274 Stores, Cuts 500 Jobs as It Shifts to Franchise Model
Verizon is selling 274 company-owned stores and cutting about 500 corporate jobs, shifting more of its retail footprint to franchise partner
Pentair Cuts Outlook as Pool Product Destocking Hits Harder Than Expected
Pentair cut its second-quarter and full-year outlook as pool product sales face a bigger-than-expected hit from channel destocking and softe
Arteris Gets a Fresh Look as AI Chips Get More Complex
Oppenheimer has initiated coverage on Arteris, arguing that increasingly complex AI chips are boosting demand for its network-on-chip techno
FTSE 100 Rises 0.5% as Investors Shift from AI to Consumer Staples
London stocks rose 0.5% as investors moved money from AI and chip stocks into consumer staples like beverages and retailers. The rotation he
Entain to Cut 500 Jobs as UK Online Betting Tax Hike Looms
Entain, the owner of Ladbrokes, is cutting 500 jobs to offset about £200 million in annual costs from proposed UK online betting tax hikes a
Saudi PIF-Backed ROSHN Seeks Investors for Aramco Stadium Lease Deal
Saudi developer ROSHN is courting private investors to fund the Aramco Stadium using a lease-and-leaseback model. The deal, run by JPMorgan,
BofA Adjusts Sabadell Forecasts After TSB Sale, Sees Q2 Profit Boost
Bank of America revised its forecasts for Banco de Sabadell ahead of its July 24th earnings. The broker expects a strong Q2 profit of 739 mi
MDA Space's CLS Deal Could Transform It Into a Full-Service Space Player, RBC Says
MDA Space is in talks to buy Collecte Localisation Satellites, a move RBC says could turn it into a full-service space player with a Europea
TSX Pulls Back from Record as Gold Slump Hits Mining Stocks Hard
Canada's main stock index cooled off Thursday after hitting a record, as falling gold prices pulled mining stocks sharply lower. Energy shar
RBC Adjusts ABN Amro Forecasts as NIBC Deal Closing Shifts to August 1
RBC Capital Markets now expects ABN Amro's NIBC deal to close on August 1, later than previously modeled. The shift trims near-term earnings
European ADRs Flat as Tech Stocks Slide, Novo Nordisk and WPP Gain
European ADRs were nearly unchanged Thursday, but tech stocks like Nokia and Arm took a hit. Novo Nordisk and WPP gained, highlighting secto