By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Asia ADRs Edge Lower as Solar Stocks Rally, Bilibili and Eason Technology Drag
Asia-focused stocks trading in the US as ADRs opened slightly lower, with the S&P Asia 50 ADR Index down 0.41%. Solar stocks Daqo New Energy
AMD Bets Up to $5 Billion on Anthropic in AI Server Deal Worth Tens of Billions
AMD is investing up to $5 billion in Anthropic and selling the AI startup tens of billions of dollars worth of servers. The deal highlights
Morgan Stanley Cuts MSCI Target After Subscription Sales Miss Expectations
MSCI beat earnings estimates in Q2 but fell short on a key growth metric: net new subscription sales, which rose just 8%. Morgan Stanley res
Rheinmetall, Prologis, Repligen Lead Wave of Cross-Industry M&A
Three major deals across shipbuilding, warehouses, and biotech supply chains show companies are pursuing scale. Rheinmetall eyes German Nava
AI Rebrands Boost Stocks Briefly, But Most Gains Vanish
At least 28 US-listed companies have rebranded or pivoted toward AI since 2023, briefly boosting their market value by 106% on average. Howe
Vanguard, Wellington, and Blackstone Launch Hybrid Funds for Wealthy Bank of America Clients
Vanguard, Wellington Management, and Blackstone are rolling out two new funds for Merrill and Bank of America Private Bank clients. The fund
Copper Rally Stalls Near $14,000 as China Holds Back and Dollar Strengthens
Copper prices pulled back after nearly touching $14,000 per metric ton, as Chinese buyers stepped away and a stronger dollar cooled the rall
CME Group Beats Profit Estimates as Equity Index Hedging Surges 13%
CME Group beat Wall Street's Q2 profit estimates as equity index trading volumes surged 13%, offsetting a slight dip in overall volumes. The
Moody's Profit Surges as Strong Bond Issuance Drives Ratings Revenue Up 25%
Moody's second-quarter profit jumped as a busy bond market boosted demand for its credit ratings. Ratings revenue rose 25%, and the company
Super Micro Computer Surges 16.5% Premarket as Micron Slips 2.4%
Super Micro Computer jumped 16.5% premarket while Micron slid 2.4%, extending Tuesday's wild swings. The divergence highlights shifting sent
Dr Reddy's Profit Plunges 68.7% After Semaglutide Supply Disruption Charge
Dr Reddy's quarterly net profit dropped 68.7% after a 2.39 billion-rupee provision tied to semaglutide supply disruptions. An impurity issue
Super Micro Surges on $60B Backlog as Oil Rally Pressures Futures
US stock futures dipped as oil prices climbed to $87.13, raising inflation concerns. Super Micro Computer surged after flagging a $60 billio