By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Safepoint Abruptly Withdraws $283M IPO as Florida Insurer Cites Company-Specific Issues
Safepoint, a Tampa-based Florida home insurer, withdrew its planned $283.3 million IPO at the last minute, even as other companies continue
Codelco Weighs Asset Sales and Partnerships as Chile Pressures Its Copper Giant to Boost Output
Codelco's chairman Bernardo Fontaine has launched a three- to four-month review that could lead to asset sales, project delays, or new partn
Blue Moon Metals Secures Key Permits and EPC Contract for Norway's Nussir Mine, Targets 2027 Production
Blue Moon Metals has secured key permits and an EPC contract for its Nussir mine in Norway, moving the project from regulatory approval to c
Qualcomm Targets $40B in Non-Handset Revenue by 2029, Eyes Data Center Growth
Qualcomm outlined plans to diversify beyond smartphones, targeting $40 billion in non-handset revenue by fiscal 2029. New data center deals
Micron Surges 15% After Hours as Oil Plunge Eases Inflation Fears
AI-chip stocks remained shaky, but Micron surged 15% after hours on strong earnings. Meanwhile, oil prices slid as tanker traffic through th
Qualcomm Targets Nvidia's Turf With Cheaper AI Chip Strategy, Wins Microsoft and Meta
Qualcomm is taking on Nvidia in AI data centers, winning Microsoft and Meta as customers for its new chips that use cheaper memory. The move
Prime Day Spending Tops Forecasts, Retail Stocks Rise; Hertz Slides on Used-Car Woes
Amazon's Prime Day kicked off with $8.3 billion in sales, topping Adobe's $7.9 billion forecast and boosting retail stocks. But the day also
RBC Sees Railroad Earnings Beats on Rising Freight Volumes
RBC Capital Markets says rising freight volumes could help Canadian National Railway, CSX, and Union Pacific beat second-quarter earnings fo
SEC Scrutiny of Private Equity Continuation Funds Could Reshape How Firms Value Assets
The SEC is probing private equity continuation funds, which let firms hold assets longer without a sale. Regulators are examining how these
Carnival's 2026 Pricing Outlook Clouded by Middle East Conflict and Higher Airfares
UBS says Carnival's Europe sailings are nearly sold out, but higher airfares from the Middle East conflict are squeezing pricing on the rema
Chinese AI Firm Zhipu Plans Massive Share Sale After Rally Pushes Valuation Past $120 Billion
Zhipu, one of China's top AI firms, is planning a major share sale after its valuation topped $120 billion. But a lockup expiry on July 8 co
European ADRs Slip as Energy Giants Drag Down Broader Index
European stocks trading in the US slipped Wednesday, with the S&P Europe Select ADR Index down 0.83%. Energy heavyweights Equinor, Eni, and