By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Fed's first rate hike since 2023 leaves US stocks mixed as yields near 5%
The Federal Reserve raised its benchmark rate by a quarter point, its first hike since 2023, citing sticky inflation. US stocks finished mix
Netflix downgrade and China auto tensions hit consumer stocks
US consumer stocks slipped after a Netflix downgrade and fresh pressure on Trump to keep Chinese cars out. Netflix fell 4.4% on engagement c
Stocks slip as 10-year Treasury yield nears two-decade high; bitcoin, gold gain
Stocks slipped as the 10-year Treasury yield climbed again, hovering near its highest level in almost two decades. Bitcoin jumped 5.4%, and
Volkswagen's Porsche bet turns costly as profit warning hits
Volkswagen issued another profit warning, citing €10B in one-off hits and cutting its 2026 margin outlook to 1% at most. Roughly €6B stems f
Brazilian police raid ex-iFood employee in data theft probe tied to 99Food
Brazilian police raided a former iFood sales executive's home, seizing devices in a probe into alleged theft of confidential sales and custo
UBS sees FTC Solar's tracker turnaround gaining traction
UBS upgraded FTC Solar, saying its revamped solar trackers are winning new business in the US and Australia. The bank expects positive adjus
Pelangio maps deeper gold targets across Ghana projects
Pelangio Exploration is stepping up its hunt for deeper gold in Ghana, combining fresh geophysics with new drilling at Manfo and Dankran. Wo
ING: Swiss National Bank likely to hold rates at 0% despite growth surprise
ING predicts the Swiss National Bank will hold its key rate at 0% at its Sept. 24 meeting. Strong Q2 growth isn't enough to offset low infla
Volkswagen cuts 2026 outlook after Porsche writedown, cites China slump
Volkswagen reset its 2026 targets after writing down part of its Porsche investment, citing weak China demand and restructuring costs. The a
H.I.G. Capital to take Mistras Group private in $866M deal
Private equity firm H.I.G. Capital has agreed to acquire Mistras Group for $20.35 per share in cash, valuing the industrial inspection compa
Disney names Character.AI's Anand as first chief technology officer
Disney has hired Karandeep Anand, CEO of Character.AI, as its first chief technology officer. He will lead enterprise tech and AI platforms,
Wix to reinvest Base44 profit gains into sales and marketing
Wix plans to reinvest profits from its Base44 product into sales and marketing, even as AI website builders emerge. Oppenheimer says demand