By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Emerson tops estimates as automation demand offsets Europe's softness
Emerson Electric topped quarterly estimates as demand for industrial automation in North America and Asia offset a slight decline in Europe.
Ternium's Mexico strength drives 80% jump in Q2 profit
Ternium's second-quarter profit jumped about 80% to $465 million, helped by stronger shipments and margins in Mexico. The steelmaker expects
Milky Mist trims IPO to 15.5B rupees after Temasek stake sale
Milky Mist Dairy Food has reduced its IPO to 15.53 billion rupees after selling a 5.16% stake to a Temasek unit. The offer opens August 11-1
Mattel sales beat but profit miss shows cost of Barbie buzz
Mattel's second-quarter sales topped expectations, but profits fell short as the Barbie maker spent more on marketing. The company kept its
Paramount+ adds 2M subscribers as $110B Warner Bros. Discovery deal faces lawsuit risk
Paramount+ added 2 million subscribers in its latest quarter, but the bigger story is the clock on its $110 billion merger with Warner Bros.
Pinterest leans on AI ads as revenue growth slows to 13-15%
Pinterest expects third-quarter revenue growth of 13-15%, a slowdown from last quarter. The company is leaning on AI-powered ad tools to sta
Novo Nordisk raises outlook but Wegovy pill sales disappoint
Novo Nordisk beat second-quarter profit forecasts and raised its full-year outlook, but shares fell 6% after Wegovy pill sales came in sligh
Pfizer beats Q2 forecasts but adds another $2.5B to cost cuts
Pfizer beat Wall Street's Q2 expectations, helped by strong sales of Eliquis and newer cancer drugs. But the company also added another $2.5
US consumer spending holds up as back-to-school sales lift retail
US consumer stocks held steady as Redbook reported 8.7% year-on-year same-store sales growth, boosted by tax-free shopping weekends. McDonal
AI and chip stocks lead tech rally as Palantir jumps, Nvidia gains
AI and chip stocks led a tech rally Tuesday. Palantir jumped after raising its outlook, Nvidia gained on a reported $10 billion compute deal
Big Tech's AI data center leases total $1.16 trillion, Reuters says
Big Tech's AI buildout carries a $1.16 trillion future bill in data center leases, according to Reuters. These commitments won't appear on b
Spain's IBEX outshines US as investors seek a break from tech
European indexes are on the rise as investors look beyond tech-heavy markets. Spain's IBEX, with its heavy weighting in banks and utilities,