By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Frontier Airlines to Install SpaceX Starlink Wi-Fi on Fleet by 2027
Frontier Airlines will install SpaceX's Starlink satellite internet across its fleet beginning in early 2027. The move makes Frontier the fi
Brazil's Oncoclinicas Files to Restructure $994 Million Debt, Clinics to Stay Open
Oncoclinicas, a Brazilian oncology clinic operator, has filed an out-of-court restructuring to renegotiate about 5.1 billion reais ($994 mil
US Inflation Cools More Than Expected in June, Setting Up Choppy Market Open
The consumer price index dropped 0.4% in June, more than the 0.1% decline analysts expected. The surprise cooling has investors split on mar
Thomson Reuters Sells 51% of Global Print to KKR for $500M, Retains Editorial Control
Thomson Reuters is selling a 51% stake in its Global Print business to private equity firm KKR for roughly $500 million. The company will re
HCA Healthcare Cuts Profit Forecast as Uninsured Patients Rise After ACA Coverage Losses
HCA Healthcare lowered its annual profit forecast after a surge in uninsured patients, many of whom lost Affordable Care Act coverage. The s
IBM's AI Spending Shift Sends Shares Down 20%, Software ETF Tumbles 4%
IBM's downbeat revenue forecast, driven by a late-June shift in client spending toward AI infrastructure, sent its shares down 20% premarket
Thomson Reuters Sells 51% of Global Print to KKR for $500M, Keeps Editorial Control
Thomson Reuters is selling a 51% stake in its Global Print business to private equity firm KKR for $500 million. The company will keep edito
Indonesia Stock Exchange Tightens Rules After MSCI Flags Ownership Concerns
Indonesia Stock Exchange is adding 37 stocks to its concentrated-ownership list, bringing the total to 51. The bourse is also raising the mi
Knorr-Bremse Set for Solid Q2 as Orders Hold Steady, Margins Improve
German industrial supplier Knorr-Bremse is expected to report a solid second quarter on July 30, with steady orders and improving profit mar
Sterling Edges Up to $1.3378 as Traders Await US Inflation Data
Sterling ticked up to $1.3378 as traders trimmed dollar bets ahead of US inflation data. Higher oil prices and UK political jitters kept Bri
Congo Miners Warn Fast-Track Mining Code Rewrite Could Scare Off Investors
The Democratic Republic of Congo's mining industry body is pushing back on a proposed overhaul of the 2018 mining code, warning it could uns
PepsiCo's Price Cuts Fail to Boost Snack Sales as GLP-1 Drugs Reshape Eating Habits
PepsiCo's strategy of cutting snack prices by up to 15% failed to lift North America food volumes in Q2. The flat results suggest deeper shi