By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Anthropic targets $2 trillion October IPO; UK economy gets World Cup boost
Anthropic is reportedly eyeing an October IPO at a staggering $2 trillion valuation, signaling the AI boom's next phase. Meanwhile, the UK e
Palm oil futures edge higher for second week as crude firms
Palm oil futures in Malaysia edged higher on Friday, heading for a second weekly gain. Firmer crude oil and gains in China's vegetable oil m
ZUS Coffee weighs Malaysia IPO that could raise $1 billion ringgit
ZUS Coffee is reportedly exploring a Malaysia IPO that could raise at least 1 billion ringgit and value the chain at about 4 billion ringgit
ASX 200 and NZX 50 heavyweights kick off a packed earnings week
Australia and New Zealand enter a busy earnings week as ASX 200 and NZX 50 heavyweights like BHP, CSL, Cochlear, and Goodman report full-yea
AI chip rally lifts KOSPI for fifth day, breaking seven-week slump
South Korean stocks extended gains for a fifth session, led by chipmakers, as AI optimism returned. Foreign investors bought a net 780.2 bil
Gold pulls back from two-month high as profit-taking meets cooler Fed bets
Gold pulled back from a two-month high as profit-taking and softer US inflation data cooled expectations for a September Fed rate hike. Cent
Baby Bunting shares jump 25% on record sales and FY27 profit guidance
Baby Bunting shares jumped as much as 25.7% after the baby goods retailer reported record annual sales and guided to FY27 profit of A$19-21
Olam's profit surge driven by one-off deals, not core business
Olam Group reported a nearly sixfold jump in first-half profit, but the surge was powered by one-off gains from asset sales. Excluding those
Mark Walter pledges Guggenheim stake to raise cash for insurers
Billionaire Mark Walter is seeking multibillion-dollar funding to bolster two insurers he controls, Delaware Life and Clear Spring. Bloomber
Anthropic IPO chatter, Cisco slide, Sandisk jump split tech stocks
Tech stocks moved in opposite directions as Anthropic's IPO chatter emerged, Cisco dropped on a services shortfall, and Sandisk climbed on l
OpenAI's chief revenue officer exits after months as AI firm revamps sales
OpenAI's chief revenue officer Denise Dresser is stepping down after just months in the role. Dali Rajic will take over as the company works
Zetwerk's IPO: Most New Funds Will Go to Paying Down Debt
Zetwerk's updated IPO filing shows most of the 26 billion rupees raised will repay debt, not fund expansion. That shifts the story from grow