By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Anthropic to power AI at Riot's Texas bitcoin mine in $16B deal
Anthropic, backed by Amazon, will take 191 megawatts at Riot Platforms' Rockdale, Texas campus through 2048. Riot says the deal could be wor
JPMorgan lifts S&P 500 2026 target to 8,000 on AI earnings
JPMorgan has lifted its S&P 500 target for the end of 2026 to 8,000, betting on continued AI-driven earnings growth. But strategists warn th
Malaysian palm oil hits four-month high on rival oils, export demand
Malaysian palm oil futures hit a four-month high, with the October contract settling at 4,724 ringgit a ton. Gains came as rival vegetable o
Shein's Hong Kong IPO targets $30-40B, far below peak
Shein is seeking a $30-40 billion valuation in its Hong Kong IPO, a steep drop from its $98.2 billion private-market peak. The fast-fashion
RBC cuts Ahold Delhaize profit forecast on softer US sales
RBC Capital Markets trimmed its profit outlook for Ahold Delhaize after a second-quarter update revealed softer US sales and modest margin p
IWG leans on cost cuts to defend 2026 profit target after weak cash flow
IWG, the company behind Regus and Spaces, says cost cuts will boost second-half results even after first-half cash flow before corporate act
UK stocks slip as England's drought deepens and food costs loom
UK stocks opened lower as England's drought spread to nearly three-quarters of the country, stoking worries about food costs and water suppl
RBC lifts Haleon price target to £3.90 after mixed first half
RBC Capital Markets nudged up its Haleon price target to £3.90 after a mixed first half: revenue grew 2.2% but reported operating profit fel
Korean Retail Traders Pour $10B Into Leveraged Chip ETFs Despite Tighter Rules
South Korean retail investors poured more than $10 billion into leveraged equity funds in early August, many tied to chipmakers SK Hynix and
Bellway posts 13% revenue rise but warns mortgage costs are cooling demand
Bellway completed 9,695 homes in FY26, up 10.8%, and revenue rose over 13% to £3.14 billion. But the UK homebuilder warned that higher mortg
Foreign investors pulled $25.5B from Asian stocks in July, led by Taiwan
Foreign investors sold Asian stocks for a ninth straight month in July, pulling $25.48 billion from the region. Taiwan and South Korea bore
NZ shares slip as Wall Street sell-off and oil worries weigh
New Zealand's benchmark index slipped 0.2% as Wall Street's sell-off rippled across markets. Investors also weighed Middle East tensions and