By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Union Pacific inks deal with Canadian National to ease Norfolk Southern merger concerns
Union Pacific has signed a binding agreement with Canadian National Railway to resolve competition concerns over its proposed Norfolk Southe
Tech Rotation Deepens as Investors Demand AI Profit, Not Just Spending
The tech selloff is accelerating as investors shift away from big AI spenders toward a broader mix of stocks. The market is no longer reward
Wall Street Rises as Oil and Bond Yields Retreat
The Dow gained 0.7% in midday trading as WTI crude dropped to $88.62 a barrel and the 10-year Treasury yield slipped to 4.66%. Lower energy
Gold Rebounds as Oil Slumps and Traders Eye Fed Rate Decision
Gold bounced back Friday, rising 0.6% to about $4,073 an ounce, as oil prices tumbled more than 4%. The moves come as traders focus on the F
TSX braces for busy Q2 earnings week with Celestica, Enbridge, CPKC reporting
Canada's TSX is set for a busy week of second-quarter earnings, with major companies like Celestica, Enbridge, and Canadian Pacific Kansas C
Wall Street Rises Despite New US Tariffs, but Chip Stocks Struggle as Intel Falls
Wall Street mostly shrugged off fresh US tariffs targeting 60 trade partners, with the broader market edging higher. But chip stocks struggl
SAP Surge Lifts German DAX Despite Weak Consumer Sentiment and Trade Tensions
Germany's DAX index climbed 1.36% on Monday, powered by a 9.26% surge in SAP after the software giant reported stronger half-year results. T
RBC Sees Coca-Cola Q2 Upside on Strong North America Sales, World Cup Boost
RBC Capital Markets sees room for upside when Coca-Cola reports Q2 earnings on July 28. Strong tracked-channel data and World Cup marketing
European ADRs Edge Higher Led by SAP and Novo Nordisk; Nokia Slips
European ADRs traded in the US edged higher Friday, with the S&P Europe Select ADR Index up 0.55%. SAP and Novo Nordisk led gains, while Nok
Meta's AI Ad Tools Poised to Drive Strong Q2 Revenue, Deutsche Bank Says
Deutsche Bank expects Meta to report Q2 revenue of about $60.5 billion on July 29, slightly above analyst estimates. AI-powered ad tools are
Wedbush: TaskUs Client Slowdown Is Automation, Not a Breakup
Wedbush argues TaskUs's recent slowdown with its largest client is due to automation moving work from Trust & Safety to AI Services, not a d
BlackRock Markets $12.3 Billion in Bonds for Meta Data Center in Texas
BlackRock is marketing $12.3 billion in bonds to fund a Texas data center for Meta, targeting up to 1 gigawatt of computing power. The deal