By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Bolt and Lucid plan 25,000 robotaxis for Europe, but EU rules loom
Bolt and Lucid plan to deploy 25,000 self-driving robotaxis in major European cities. The cars will use Lucid's Midsize platform and Nvidia'
Dollar wavers as traders await US jobs and housing data
The greenback rose against the pound and Canadian dollar but fell versus the euro and yen ahead of key US data. Investors are watching for s
Berenberg cuts Stellantis to hold on US inventory glut
Berenberg has downgraded Stellantis to 'hold' and cut its price target to €5.10 from €7.80, citing swelling US vehicle inventory and sluggis
Tesla and Forum Mobility expand California electric-truck charging
Tesla and Forum Mobility are opening three new electric-truck depots in California, adding 30 megawatts of heavy-vehicle charging capacity.
Asia stocks mixed as oil slips but Hong Kong follows Fed rate hike
Asian stocks were mixed as oil prices eased on supply hopes, but Hong Kong's rate hike kept borrowing costs elevated. Investors weighed lowe
Nike's S&P 100 Exit Raises Doubts About Its Dow Jones Future
Nike was dropped from the S&P 100 in a routine reshuffle, ending an 18-year run. Its low share price and small Dow weight now fuel speculati
Volkswagen's 2030 plan wins board approval, but Berenberg urges caution
Volkswagen's supervisory board unanimously approved its Future Plan 2030 restructuring. However, Berenberg analysts caution that investors a
Eurozone bond yields rise as Fed's hawkish hike reshapes rate bets
Short-dated eurozone bond yields rose after the Federal Reserve's hawkish rate hike. Germany's 2-year yield climbed as markets boosted bets
Berenberg lifts Porsche target but warns margin recovery will take years
Berenberg raised its price target on Porsche AG to €46, citing better-than-expected first-half performance. But the bank warns a credible re
Berenberg cuts Mercedes target to €52, cites weak China and rising costs
Berenberg lowered its Mercedes-Benz price target to €52 from €56, pointing to ongoing China pressure and rising one-off restructuring costs.
Berentzen shares jump 22% on Sazerac takeover talks
Berentzen shares jumped about 22% after confirming takeover talks with US spirits group Sazerac. The deal would mark another step in Sazerac
Rentomojo jumps 32% on debut as India's IPO market heats up
Rentomojo, India's first listed furniture-rental company, popped more than 32% on its debut after its $133 million IPO was subscribed nearly