By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
BHP Copper Output Dip and Port Hedland Strike Risk Weigh on Australian Stocks
BHP's quarterly copper output fell 5%, but the bigger worry for investors is a looming strike at its Port Hedland iron ore hub. The S&P/ASX
Nikkei Tumbles 3.1% as Chip Stocks Pause Ahead of TSMC Earnings
Japan's Nikkei index dropped 3.1% as chip-related stocks declined and investors adopted a cautious stance ahead of TSMC's earnings call. The
AirTrunk Plans $1.5B Singapore REIT IPO for Data Centers by October
AirTrunk, backed by Blackstone, is preparing a Singapore REIT IPO that could raise roughly $1.5 billion as soon as September or October. The
AIC Mines' Eloise Copper Costs Rise on Lower Grades and Higher Diesel
AIC Mines' Eloise copper mine in Queensland saw its all-in sustaining cost rise to AU$6.15 per pound in the June quarter, driven by lower or
King Street Locks Out Hedge Fund Investors, Shifts Redemptions to Side Vehicle
King Street Capital Management is restricting withdrawals from its main hedge fund. Investors who request redemptions will be moved into a s
Ora Banda Mining Hits Record Gold Output, Cash Pile Grows to AU$468M
Ora Banda Mining achieved a record June-quarter gold output of 39,552 ounces and ended the period with AU$468 million in available liquidity
Cadence Launches AI Agent to Automate Circuit Board Design with Nvidia Chips
Cadence Design Systems has launched AuraStack, an AI agent that converts plain-English instructions into printed circuit board designs and t
Stocks Edge Higher as Wholesale Inflation Cools, Geopolitical Risks Loom
The Nasdaq gained 0.4% as wholesale inflation cooled more than expected in June. However, investor optimism was tempered by reports of poten
Sugar Slips on Better Brazil and India Weather; Cocoa Rebounds Ahead of Key Demand Data
Sugar slid toward two-week lows as better weather in Brazil and steadier rains in India cooled supply worries. Cocoa bounced as traders awai
Fastenal Sales Beat Seasonality, But Margins Squeezed by Costs and Freight
Fastenal reported better-than-expected second-quarter sales, with June average daily sales running 120 basis points ahead of normal seasonal
Uber in Talks to Buy Delivery Hero for €12.5 Billion, Plans Asset Sales to Ease Antitrust
Uber is in advanced talks to buy Germany's Delivery Hero for roughly €12.5 billion. The deal would include a carve-out of key assets to sati
AWS Loses Compute and AI Chief Dave Brown After 19 Years; Treadwell Steps In
AWS is losing a key leader: Dave Brown, who ran compute and machine learning services, is leaving after 19 years. Fellow S-team member Dave