By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Tesla adds Cybertruck shift to clear backlog before Cybercab line changeover
Tesla plans an extra shift at its Texas factory to clear Cybertruck orders before dismantling that line around June-July to expand Cybercab
India's top Coca-Cola bottler files for IPO as majority owner trims stake
India's biggest Coca-Cola bottler has filed for an IPO, but the company won't raise any money. Instead, existing shareholders plan to sell s
Global tech selloff deepens as AI data center fears spread from US to Asia
The Nasdaq 100 fell 6% on Thursday, triggering a global tech rout. Asian indexes plunged on Friday, with the Kospi down 44% from its June hi
Hot jobs report lifts Treasury yields, revives Fed hike bets
A hotter-than-expected jobs report snapped Thursday's flight-to-safety rally in Treasuries, pushing yields higher. Rate markets now price a
Moderna's outlook lift sparks biotech rally as healthcare stays flat
Healthcare stocks were flat Friday, but biotech rallied as Moderna jumped over 6% on a raised outlook and surprise profit. Natera slid on a
Congo pushes US to turn minerals deal into funded projects
Congo is pressing Washington to move its strategic minerals partnership from signed documents to funded projects. Kinshasa wants investment
Atlassian's cloud growth slowdown spooks investors despite earnings beat
Atlassian beat fiscal Q1 estimates, but softer cloud guidance raised questions about its growth durability. Truist cut its price target to $
Strong Jobs Report Weighs on Financial Stocks as Yields Stay High
October's jobs report beat expectations, but financial stocks edged lower as the 10-year Treasury yield stayed near 4.84%. Strong hiring can
Consumer Sentiment Rises, but Retail Winners and Losers Diverge
US consumer sentiment improved in November, reaching its highest since August. But retail stocks told a split story: Airbnb surged 12% while
OpenAI pushes ahead with US data centers despite midterm backlash
OpenAI CFO Sarah Friar says the company will keep expanding US data center capacity despite political backlash. To ease local friction, Open
Citi Forecasts Coffee Prices to Cool as Global Supply Improves
Citi sees coffee prices easing from recent highs, forecasting ICE arabica to drop to $2.50 per pound in three months. Strong Brazilian expor
Ardent Health's labor costs ease, lifting profit outlook
Ardent Health's Q3 labor costs fell 4.3% year over year, a sign the hospital operator is gaining control over its biggest expense. RBC Capit