By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
Diageo cuts 6% of workforce to fund $1 billion reset
Diageo's new CEO Dave Lewis is cutting more than 6% of the workforce to fund a $1 billion restructuring. The moves aim to streamline the spi
Einride to deploy 500 Tesla Semis after Nasdaq debut, tripling fleet
Einride, fresh off its Nasdaq debut, says it will deploy 500 Tesla Semi trucks using third-party financing. The move could triple its active
Tata Sons delays AGM as race to replace Chandrasekaran intensifies
Tata Sons has postponed its annual general meeting, originally set for August 18, as Tata Trusts moves quickly to find a successor to chairm
Jefferies starts Ma'aden at buy, sees margin upside from gold and aluminum
Jefferies started coverage of Saudi Arabian Mining Co. (Ma'aden) with a buy rating and a 75-riyal price target, saying the miner has room to
Walmart's ad business steps up as store sales growth cools
Walmart's retail growth is cooling, but its advertising arm, Walmart Connect, is becoming a key profit driver. Investors will watch Thursday
Home Depot beats Q2 sales estimates as small repairs offset housing slump
Home Depot beat Wall Street's Q2 sales estimates with $47.86 billion, as homeowners focused on small repair projects instead of moving. The
Pony.ai targets 4,000 overseas robotaxis as revenue jumps 68.8%
Pony.ai says it has a pipeline of more than 4,000 planned and potential overseas robotaxi deployments, aiming for a 3,500-vehicle fleet by y
E7's Identity Solutions unit drives revenue beat, but profit misses
E7 Group's second-quarter revenue grew 6.2% year-on-year, beating forecasts, but net profit fell short. FAB Securities maintained its BUY ra
Singapore shares slip 1.2% as oil and US yields climb
Singapore's benchmark index fell 1.2% as higher oil prices and US Treasury yields dampened investor mood. Koh Brothers Eco Engineering slid
Alliance Aviation names Qantas veteran Steven Greenway as CEO
Alliance Aviation has hired Qantas veteran Steven Greenway as its next CEO, replacing Stewart Tully. The move comes as the charter operator'