By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Cerebras CS-4 claims 6x speed boost, widening gap with GPUs
Cerebras Systems launched its CS-4 AI inference system at Supernova, and UBS analysts say the new hardware is six times faster than the prio
TJX beats expectations, raises outlook as low-tech hedge gains appeal
TJX Companies delivered another strong quarter, beating expectations and raising its outlook. The discount retailer's low-tech model offers
UBS downgrades Core Natural Resources to neutral despite higher price target
UBS has downgraded Core Natural Resources to neutral after a strong share-price run, even while lifting its price target to $105. The bank s
Moderna's melanoma trial win lifts stocks, Treasury boosts bond buybacks
Moderna's stock jumped 122.9% after encouraging melanoma trial results with Merck, fueling a risk-on mood. The US Treasury also doubled the
Cantor Fitzgerald Brings Prediction Markets to Institutional Traders
Cantor Fitzgerald is letting institutional clients trade event contracts on regulated exchange Kalshi, with Susquehanna providing pricing an
Sun Life and CIBC hand AI meeting assistants to advisors
Sun Life and CIBC are equipping financial advisors with AI tools that automate meeting notes and follow-ups. The assistants have already han
India's SEBI bans two firms for distorting Sensex closing prices
India's markets regulator banned two firms for manipulating closing prices during a new 20-minute auction on August 13. The regulator impoun
Moderna's cancer trial win triggers $4.8 billion short squeeze
Moderna's stock more than doubled Wednesday after late-stage data showed its mRNA cancer treatment with Merck cut melanoma recurrence risk.
Treasury doubles long-bond buybacks to steady 30-year yields
The Treasury doubled its buybacks of longer-dated debt to at least $4 billion per operation, helping pull 30-year yields down from a near 5.
Google's expanded Marvell deal includes warrant for 59 million shares
Google and Marvell have broadened their AI chip partnership, with Google receiving a warrant to buy up to 59 million Marvell shares at $206.
Sunrise keeps 2026 targets as August price hike lands softly
Sunrise Communications says its August 1st price hike is causing less customer churn than previous increases, even after a soft second quart
Baltic Dry Index Slips 1.4% as Capesize and Panamax Rates Cool
The Baltic Dry Index slipped 1.4% to 2,776, its lowest since July 31, as rates for the largest cargo ships cooled. Capesize and panamax dail