By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
Mira Murati's Thinking Machines Launches Inkling, a 975-Billion-Parameter Open-Weight AI Model
Thinking Machines, the AI startup led by former OpenAI CTO Mira Murati, has released Inkling, a 975-billion-parameter open-weight model. It'
Loonie Rally Fades After Bank of Canada Holds Rates, Drops Hike Warning
The Canadian dollar briefly touched a four-week high as the US dollar weakened, but gains faded after the Bank of Canada held rates at 2.25%
ASML's 10% DUV Tool Price Hike Faces Pushback from TSMC and China Chipmakers
ASML is telling some China-based chipmakers to expect roughly 10% higher prices for its DUV lithography machines. But key customer TSMC is p
Partners Group Inflows Beat Forecasts Despite Redemption Cap on $8.6B Fund
Partners Group pulled in $16 billion in the first half of 2026, above analyst forecasts, despite capping redemptions on an $8.6 billion priv
Slate Grocery REIT Holds July Distribution Steady at $0.072 Per Unit
Slate Grocery REIT announced it will maintain its July cash distribution at $0.072 per unit, payable on August 17th. The steady payout refle
SalesCloser AI Sales Agents Clear Key US Patent Hurdle for Live Meeting Booking
SalesCloser Technologies has cleared a key US patent step for the memory management system behind its AI sales agents. The technology allows
Amazon Leo Partners with South Africa's Herotel for Rural Satellite Broadband Launch in 2027
Amazon Leo is partnering with South Africa's Herotel to launch a new satellite-based broadband service called evry, targeting a commercial l
DAX Dips as BASF Cash Burn Overshadows Sales Growth, Oil and Factory Data Weigh
Germany's DAX slipped 0.51% after BASF posted higher second-quarter sales but negative free cash flow, raising concerns about cash managemen
Apple Explores Chip Startup Acquisitions After AI Server Struggles
Apple is reportedly looking to acquire chip startups after its in-house servers, built around M2 Ultra chips, struggled to run large AI mode