By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Tech stocks slide as long-term Treasury yields stay near 2007 highs
Tech stocks fell as long-term Treasury yields stayed near multi-year highs, with chipmakers leading the drop. Oil climbed on US-Iran tension
FTSE 100 edges up as oil gains on Iran tensions, UK wage growth cools
The FTSE 100 rose 0.14% as oil prices jumped on US-Iran tensions, lifting BP and Shell. Meanwhile, UK wage growth slowed to 4.1%, which coul
BioMarin's Alesta acquisition adds rare-disease growth bet
BioMarin is acquiring Alesta Therapeutics for up to $490 million to add ALE1, an experimental treatment for hypophosphatasia. Wedbush analys
UBS Sees Best Buy's Q2 Sales and Margins Beating Expectations
UBS expects Best Buy's second-quarter comparable sales to rise 2.4%, beating consensus, with improved margins. However, tougher comparisons
Ulta's Q2 outlook looks achievable, Oppenheimer says ahead of Aug. 27 report
Oppenheimer says Ulta Beauty's Q2 results look achievable ahead of its Aug. 27 report, and it expects management to hold full-year 2026 targ
Amer Sports raises 2026 outlook after strong quarter
Amer Sports, parent of Wilson and Salomon, raised its 2026 outlook after Q2 revenue jumped 32% to $1.63 billion. The company lifted its adju
Blackstone-backed QTS seeks $3.9B in bonds for Microsoft data center
QTS, a data center operator backed by Blackstone, is tapping the bond market for about $3.9 billion to help fund a Microsoft-linked facility
Long-Term Treasury Yields Hit 2007 High as Iran Tensions Stoke Inflation Worries
The 30-year Treasury yield hit its highest level since 2007 as renewed US-Iran tensions pushed oil prices higher and kept inflation concerns
Kenya regulator wants EABL to hold $115M reserve before Diageo-Asahi deal
Kenya's competition regulator is reviewing Diageo's $2.3 billion plan to sell its 65% stake in East African Breweries to Japan's Asahi. But
Texas Stock Exchange lands first primary ETF listings
Texas Capital Bancshares will shift two ETFs to the Texas Stock Exchange from NYSE Arca on September 16, pending approval. It's a milestone
Kalshi seeks CFTC approval for S&P 500 and copper perpetual futures
Kalshi, known for event contracts, wants to offer perpetual futures on the S&P 500 and copper. The CFTC filing could bring a new type of der
Velaura AI hits $1B valuation with $110M low-power chip round
Velaura AI raised $110 million in Series A funding, valuing the low-power chip designer at over $1 billion. Investors are betting on its tec