By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Asia Stocks Tumble as AI Spending Fears and $100 Oil Hit South Korea's KOSPI
Asian stocks slid as worries over Big Tech's AI spending and oil prices above $100 hit markets. South Korea's KOSPI dropped up to 6.2%, refl
South Korea's KOSPI Plunges 5% as AI Spending Fears and $100 Oil Rattle Markets
South Korea's KOSPI tumbled more than 5% as a selloff in major US tech stocks reignited fears that companies may cut AI spending. Chip giant
KGL Resources Closes AU$120M Rights Issue, Eyes AU$300M Total Raise
KGL Resources has closed a AU$120 million rights issue and says its broader equity raise could total about AU$300 million. Major shareholder
SAP CFO: Enterprise AI Needs Governed Data, Not Just Chatbots
SAP CFO Dominik Asam says enterprise AI's real value lies in governed data and reliable tools for core workflows like finance and supply cha
Singapore's GIC to Allocate Additional $30 Billion to Hedge Funds Over Three Years
GIC, Singapore's sovereign wealth fund, will allocate an extra $30 billion to hedge funds over three years. The fund is targeting global mac
Deckers Lifts Profit Outlook, But Steady Revenue Forecast Sends Shares Lower
Deckers, owner of Hoka and UGG, raised its full-year profit outlook after a strong quarter, but shares fell 4% when it kept revenue guidance
Intel's AI-Driven Data Center Revival Boosts Q3 Guidance, Capex Raised to $20B
Intel's Q3 guidance signals a rebound in data-center chip demand, fueled by AI infrastructure buildout. The company beat Q2 expectations wit
Three Small-Cap Earnings Beats Send NVE, Gentherm, Richardson Higher
NVE posted 81% fiscal Q1 revenue growth, Gentherm raised its 2026 outlook, and Richardson topped estimates. The rallies reflect a broader sh
Gildan's Q2 Likely Solid, but Investor Focus Shifts to Second-Half Revenue Risks
UBS forecasts a solid Q2 for Gildan Activewear, but investor attention is on second-half revenue risks. The focus is shifting to cash conver
Canadian Dollar Rises as Oil Surges and Retail Sales Beat Expectations
Canada's dollar edged up against the US dollar, the only G10 currency to do so, after oil prices surged 6.2% and retail sales rose 1% in May
Estée Lauder Gains Market Share, but Travel-Retail Headwinds Persist: RBC
Estée Lauder's turnaround is showing signs of progress, with market-research data indicating share gains across key beauty categories. Howev
Alphabet's AI Spending Spree Burns $5.9B in Free Cash Flow, Guidance Raised
Alphabet reported its first quarter of negative free cash flow since going public, burning $5.9 billion as AI investment surged. The company