By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Silicon Motion surges as AI and auto chip demand drives 127% revenue jump
Silicon Motion Technology reported a massive Q2 beat, with revenue jumping 127% to $451 million, driven by strong demand for its storage-con
Latin American currencies rally as US growth cools and inflation stays tame
Latin American currencies surged to a two-month high as US economic growth slowed and inflation met expectations, weakening the dollar. The
European ADRs Rally as Bank Stocks Lead Broad Advance in US Trading
European companies' US-listed shares jumped 1.84% on Thursday, led by a broad rally in bank ADRs including ING, BBVA, and Barclays. Nokia al
Yen Surges 2% as Markets Eye Possible Intervention Ahead of BOJ Decision
The yen surged more than 2% against the dollar on Thursday after a softer US inflation report pulled the dollar lower. The speed of the move
Altria misses estimates as Marlboro volumes drop and smokers trade down
Altria's second-quarter results showed Marlboro volumes falling 7.4% and On! nicotine pouches sliding 4.2% as consumers traded down to cheap
Gold Rises as Dollar Weakens and Inflation Data Cools Rate Hike Bets
Gold prices rose as the US dollar weakened and a cooler inflation report reduced the likelihood of a near-term Federal Reserve rate hike. Ju
Cigna raises profit outlook as Evernorth pharmacy unit drives growth
Cigna raised its 2026 profit forecast after its pharmacy benefits arm Evernorth posted 6% sales growth to $61.47 billion. Faster adoption of
SK Hynix's record earnings fail to lift stock as AI spending doubts grow
SK Hynix delivered stellar quarterly results, but its stock dropped as the market focused on concerns over AI spending sustainability. Force
30-Year Treasury Yield Hits 19-Year High as Bond Markets Test the Fed
The 30-year Treasury yield hit its highest level since 2007 after the Fed left rates unchanged for the seventh straight meeting. The move si
Ferrari's first EV, the Luce, sees steady demand despite early criticism
Ferrari's first fully electric car, the €550,000 Luce, is drawing orders as expected, CEO Benedetto Vigna said. The five-seat, four-door mod
Solstice Lifts 2026 Outlook on AI Data Center Demand After Strong Q2
Solstice Advanced Materials raised its 2026 outlook after a strong second quarter, with sales jumping past $1.15 billion and earnings beatin
Galderma lifts 2026 sales outlook, RBC boosts earnings forecasts
Galderma now expects 2026 net sales to grow 19%-21% at constant currency, up from 17%-20%. RBC Capital Markets responded by raising its earn