By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Amazon joins $3 trillion club as AWS growth accelerates on AI demand
Amazon's market value briefly crossed $3 trillion after strong results and the fastest cloud growth in more than four years. AI demand is li
Senior's revenue climbs to £390.8m but statutory loss hits £13.1m
Senior saw first-half revenue climb to £390.8m but slipped to a £13.1m statutory loss. Adjusted profits rose, and the company reaffirmed its
Latigo and BlossomHill IPOs test biotech's fragile market reopening
Two biotech companies, Latigo Biotherapeutics and BlossomHill Therapeutics, are listing on Nasdaq, testing whether investors are ready to fu
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal
American Family Mutual Insurance is acquiring Bowhead Specialty for $1.2 billion in cash, paying $34 per share—an 11% premium. The deal, exp
CNH Industrial lifts profit outlook as construction demand offsets farm slump
CNH Industrial lifted its annual profit outlook after stronger construction-equipment demand helped offset a weaker market for its farm mach
Dollar firms as traders brace for jobs report and Fed clues
The US dollar firmed early Monday as traders sized up a busy week of economic data, including Friday's jobs report. Meanwhile, USD/JPY slipp
Tesla's July Europe sales diverge sharply by country
Tesla's July registrations rose 86% in France and 52% in Denmark, but fell 97% in Norway and dropped sharply in Sweden and Spain. The split
KKR to Take Medical-Device Maker Integer Private in $5.7B Deal
Private equity firm KKR is acquiring NYSE-listed medical-device manufacturer Integer in a $5.7 billion all-cash deal. The $127-per-share off
Thyssenkrupp sets October target for materials unit spin-off
Thyssenkrupp is moving ahead with plans to spin off 49% of its materials trading unit, tk accelis, targeting an end-of-October listing. The
SpaceX's first earnings test whether Starlink can fund AI
SpaceX reports earnings for the first time since its June IPO on Tuesday. Investors are watching whether Starlink's profits can keep pace wi
Japan's suspected $37 billion yen defense signals more intervention ahead
Bank of Japan money-market data suggests Japan may have spent $36.58 billion to prop up the yen. The finance ministry confirmed coordinated
Mitsui OSK Lines raises profit forecast on stronger shipping demand
Mitsui OSK Lines raised its first-half profit forecast to 137 billion yen after stronger-than-expected demand in dry bulk, energy, and chemi