By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Chip Stocks Drive Nearly Half of S&P 500 Q2 Earnings Growth Amid Volatility
Chipmakers are expected to account for roughly 44% of the S&P 500's second-quarter earnings growth. Yet the PHLX Semiconductor Index has bec
PayPal Board Skeptical of $53 Billion Take-Private Offer from Stripe and Advent
PayPal has received a $53 billion take-private offer from payments rival Stripe and buyout firm Advent International. However, the board is
Singapore Stocks Edge Lower as Oil Jitters and IREIT Global Dispute Weigh on Sentiment
Singapore stocks slipped 0.2% on Monday as rising oil prices from Middle East tensions rattled markets. IREIT Global tumbled over 5% after a
Hong Kong Stocks Rally 2.4% on Hopes Beijing Will Boost Economy
Hong Kong stocks jumped 2.4% on hopes Beijing will announce new growth measures. Traders are watching the next Politburo meeting after China
Mahindra Logistics Returns to Profit on Warehousing and Transport Growth
Mahindra Logistics reported a consolidated net profit of 253.9 million rupees for the quarter ended June 30, reversing a year-ago loss. Stro
BofA Sees ACS Lifting 2026 Guidance as Early as July 29 Results
Bank of America says Spanish infrastructure group ACS could raise its full-year 2026 guidance as early as its July 29 second-quarter results
Chinese AI Startup Moonshot AI Pauses Subscriptions After Kimi K3 Launch Strains GPU Capacity
Chinese AI startup Moonshot AI paused new subscriptions days after launching Kimi K3, as demand strained GPU capacity. The company is also i
Rand Holds Near 16.54 as Oil Rally and SARB Rate Decision Loom
The rand is hovering near 16.54 per US dollar as Brent crude oil surges about 3% above $90. Investors are watching June inflation data and t
Sterling Holds Steady as Burnham Prepares to Take Over as UK Prime Minister
Sterling barely moved as Andy Burnham prepared to replace Keir Starmer as UK prime minister. Investors are watching closely for his pick for
BofA Raises Atlas Copco Targets on Broader Rebound Beyond Chips
Bank of America raised its price targets for Atlas Copco after the Swedish industrial giant reported 26% organic order growth in Q2. The ban
South Korea's KOSPI Plunges 5% as AI Spending Doubts and Oil Jolt Rattle Investors
South Korea's KOSPI sank as much as 5.1% as investors cooled on the idea that big, long-lasting AI spending is a sure thing and higher oil p
Maruti Suzuki's Market Share Slips as India's Car Buyers Ditch Basic Models for SUVs
Maruti Suzuki, once the king of India's car market with its cheap and cheerful models, is losing ground. Reuters reports its market share ha