By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Stripe and Advent International Offer $53 Billion to Acquire PayPal
Stripe and private equity firm Advent International have made a $53 billion offer to acquire PayPal at $60.50 per share. The bid represents
Yuan Strengthens to June High as Weak China GDP Fuels Stimulus Hopes, Dollar Slips
China's yuan rose to its highest since June 18 after second-quarter GDP growth missed forecasts at 4.3%, reviving bets on stimulus. A weaker
China Stocks Split as Middle East Tensions Rise and Beijing Targets 60 Trillion Yuan Retail Sales
Chinese stocks moved in opposite directions Wednesday as Middle East tensions hit the Shanghai Composite while Beijing's plan to boost retai
Ryman Healthcare Sales Meet Targets, but Slow Resales Raise Cash Concerns
Ryman Healthcare's latest sales met expectations, but independent living unit resales hit only 21% of Jarden's fiscal 2027 estimate. Slow tu
ASX 200 Hits Near One-Month High as Banks and Miners Rally on US Inflation Data
The S&P/ASX 200 climbed 0.7% to 8,868.30 points, its highest in nearly a month, as banks and mining stocks surged. The rally was fueled by c
SK Hynix ADRs Surge 28% as Cooler US Inflation and Barclays Upgrade Boost Chip Stocks
SK Hynix ADRs surged nearly 28% on Tuesday, driven by a cooler-than-expected US inflation report that boosted chip stocks and a new Barclays
Dateline Resources Finds High Rare Earth Grades at California's Music Valley Project
Dateline Resources said a field survey at its Music Valley heavy rare earth project in California found anomalous rare earth readings in all
Evolution Mining's Gold Output Dips Amid Rising Costs and Steady 2027 Outlook
Evolution Mining's June quarter gold output slipped to 179,655 ounces, with the miner warning of higher costs and sustaining capital expendi
Latin American Markets Rally as US Inflation Cools, Dollar Weakens
Latin American stocks climbed 1.3% and currencies rose 0.7% as a cooler-than-expected US inflation reading weakened the dollar. Oil's 2% jum
Six Stocks Make Bloomberg Watchlist: Microsoft and Telekom Malaysia Lead AI Data-Center Plays
Bloomberg Intelligence has published a watchlist of six stocks with high-conviction catalysts. Microsoft and Telekom Malaysia lead as AI dat
Morgan Stanley Says Netflix Engagement Fears Overblown Ahead of Q2 Earnings
Morgan Stanley lowered its Netflix price target to $90 from $115 but says market fears about subscriber churn and engagement are overdone. T
Consumer Stocks Dip as Lucid Plunges 15% on Bankruptcy Denial
Consumer-sector ETFs slipped Tuesday, with Lucid shares falling more than 15% even after the company denied bankruptcy rumors. Lucid said it