By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
BoC Holds Rates Steady, TSX Edges Up as Financial and Real Estate Stocks Rally
The Bank of Canada held interest rates unchanged at 2.25%, sending the TSX higher as financial and real estate stocks gained. The central ba
RBC Sees GE Aerospace Adding $500M to 2026 Profit as Services Engine Hums
RBC Capital Markets sees GE Aerospace's services business adding about $500 million to its 2026 adjusted EBIT outlook. However, tight LEAP e
Dollar Dips as Cooler PPI Data Backs Patient Fed, Oil Holds Near Highs
A surprise drop in June producer prices gave the dollar a modest setback as traders reduced December rate hike odds. Yet renewed US-Iran str
Portugal's TAP Sale: Lufthansa and Air France-KLM Face July 29 Deadline, but Price Isn't Everything
Portugal has given Lufthansa and Air France-KLM until July 29 to submit binding bids for a 44.9% stake in TAP. The government says the winne
Baltic Dry Index Drops 1.7% as Capesize Rates Cool, Supramax Hits 2022 High
The Baltic Dry Index slipped 1.7% as rates for large capesize ships cooled, while smaller supramax vessels climbed to their strongest level
Gold Steadies Above $4,000 as Surprise Drop in US Producer Prices Eases Rate Hike Fears
Gold steadied above $4,000 after US producer prices unexpectedly fell in June, prompting traders to scale back bets on a July Federal Reserv
Cintas Forecasts Fiscal 2027 Revenue Above Estimates as Healthcare, Government Hiring Holds Steady
Cintas forecasts fiscal 2027 revenue of $12.10-12.25 billion, above the $12.08 billion consensus, driven by steady hiring in healthcare and
Copper Slips on Weak China Data but Supply Woes and Oil Surge Limit Losses
Copper slipped after softer China growth data, but the drop was limited by mine disruptions and higher oil prices. Supply constraints from R
Conagra Halves Dividend After $2 Billion Write-Down, Warns on Profit
Conagra Brands slashed its dividend by 50% after a $2 billion write-down drove a quarterly loss. The company also forecast weaker profit for