By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
CSL promises reset after a disappointing year of losses and CEO search
CSL has acknowledged a disappointing year, citing built-up fixed costs and lagging competitors. The biopharma firm is refocusing on its core
OpenAI to publish AI misalignment incident reports after agent test scrutiny
OpenAI is rolling out a framework for tracking and disclosing unexpected AI behavior, publishing six examples from the past six months. The
Latrobe Magnesium eyes 30-year slag supply deal for US plant
Latrobe Magnesium says it could lock in up to 600,000 tonnes a year of ferronickel slag from Eramet's Societe Le Nickel for its planned US m
Fed's 25bp hike and hawkish signal push stocks lower, yields up
The Fed raised rates by 0.25 percentage points and hinted at more increases, sending stocks lower and Treasury yields and the dollar higher.
Latin American Markets Slip as Fed Rate Hike Lifts Dollar
Latin American markets slid as the Fed's rate hike strengthened the dollar. Investors now await Brazil's expected fifth straight Selic cut,
Walmart, Wendy's drag consumer stocks lower as sector funds slip
Consumer sector funds slipped Wednesday as Walmart and Wendy's weighed. Walmart fell on a Medicare Advantage partnership, while Wendy's drop
Onsemi's new power platform gets early test drive with Subaru
Onsemi unveiled its embedded power platform, which packs multiple dies into one device to handle high-density power delivery. Subaru is alre
Loonie hits six-week low as Fed turns hawkish and oil slides
The loonie slid to a six-week low near 1.3990 per US dollar as investors priced in a more hawkish Federal Reserve and oil fell 3.2%. Here's
Anthropic's 57-page report maps AI's uncertain path for US economy
Anthropic's economic modeling team published a 57-page report on how AI could affect US economic growth, jobs, and unemployment. The finding
Homebuilder Confidence Drops to 32 as Mortgage Rates Climb to 6.97%
The NAHB/Wells Fargo index slipped to 32 in September as mortgage rates climbed to 6.97%. Builders are increasingly relying on price cuts an
UBS turns bullish on Union Pacific, sees growth through 2027
UBS upgraded Union Pacific to 'buy' and raised its price target to $339, citing strong volume and pricing trends. The bank sees earnings gro
Swiss stocks edge higher as investors await Fed's next move
Swiss stocks edged higher as investors digested UK inflation data, a leadership change at SECO, and updates from Vetropack, Galderma, and No