By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
Stocks Slip as Treasury Yields Near 5% and Triple Witching Adds Volatility
Stocks slipped Friday as traders digested the Fed's latest rate move and a jump in the 10-year Treasury yield to 4.996%. Triple witching add
Gold posts first weekly gain in four as oil slide cools inflation fears
Gold hit a one-week high and looked set for its first weekly gain in four, helped by cooling oil prices that eased inflation concerns. A fir
Koryx Copper boosts Zambia stake to 80% ahead of drilling
Koryx Copper is increasing its ownership in its Zambia subsidiary to 80% from 51%, paying $200,000 and issuing 80,000 shares. The move comes
Tech leads mixed US futures as Fed speakers and jobs data loom
US stock futures were mixed Friday, with tech shares leading gains while the Dow slipped. Investors are watching for Fed speakers and fresh
BofA lifts Knorr-Bremse target, sees rail unit beating 2030 goals
Bank of America raised its price target for Knorr-Bremse to €133, saying the rail division will likely beat management's 2030 targets. The b
SoftBank expands Arm-backed margin loan to $25 billion
SoftBank has expanded a margin-loan facility secured by its Arm holdings to $25 billion, up from $20 billion. The move gives the Japanese te
Vietnam's FTSE upgrade could pull $6 billion into local stocks
FTSE Russell is expected to reclassify Vietnam as a secondary emerging market on Monday, a move that could eventually steer up to $6 billion
India's NSE IPO fully subscribed by day two, debut set for Sept. 24
India's National Stock Exchange saw its $2.3 billion IPO fully subscribed by day two, with strong demand from institutional investors. The l
Stocks face triple test: yields near 5%, oil at $100, AI debate
US stocks head into next week about 2% below their mid-August record. Investors are watching 10-year Treasury yields near 5%, oil around $10
Canada's TSX futures edge lower as oil slips, gold climbs
Canadian stocks were nearly flat Friday as oil prices slipped on talk of extra Saudi supply while gold and silver climbed on Middle East ten