By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Rackspace Targets Enterprise AI Growth with AMD-Backed GPU Buildout
Rackspace Technology is investing in a new GPU buildout backed by AMD and fresh financing. RBC Capital Markets projects enterprise AI revenu
First Lithium Minerals Plans C$5.4M Fundraise as Stock Dips Below Offer Price
First Lithium Minerals is raising about C$5.4 million through a private placement, selling units at C$0.11 and flow-through units at C$0.15.
Berenberg Raises Fortum Profit Forecasts on Tighter Nordic Power Market
Berenberg has raised its 2026 profit forecasts for Fortum, betting on a tighter Nordic electricity market. The bank kept its Hold rating and
Boeing Opens Fourth 737 MAX Assembly Line to Boost Production
Boeing has opened a fourth 737 MAX final-assembly line in Everett, Washington. The new line will start slowly as the company works toward ra
UAE Stocks Rally as E& Group's $5.95B Vodafone Stake Sale Eases Geopolitical Jitters
UAE stock markets rebounded as E& Group's $5.95 billion Vodafone stake sale at a 15% premium boosted sentiment. The deal helped investors sh
SpaceX Stock Still Above IPO Price, But Near-Term Catalysts Fade
SpaceX stock is still trading above its $135 IPO price, but the biggest near-term catalysts are behind it. Index-fund buying and analyst upg
SK Hynix's $26.5B Nasdaq Debut Puts AI Chip Sentiment to the Test
Wall Street is watching SK Hynix's $26.5 billion Nasdaq debut, the largest chip IPO in years. The listing could set the tone for AI-related
Indian Bonds Rally on Foreign Buying and Strong Auction Ahead of Index Decision
Indian government bonds rallied Friday as foreign buying and a well-received auction pushed yields lower. The 10-year yield fell 3.8 basis p
Campari Fights Copycat Spritzes with Kegs and Loyalty Program as Market Hits 4 Billion Servings
Campari is launching pre-mixed Aperol Spritz kegs and expanding a bar loyalty program in Italy to distinguish its original from copycat oran
Allianz Price Target Raised as AI-Driven Cost Cuts Exceed Expectations
Metzler Capital Markets raised its price target on Allianz to €454 from €420, betting the insurer's AI push will cut costs faster than expec
Dollar Slips as Quiet Data Day Puts Focus on St. Louis Fed GDP Nowcast
The US dollar slipped early Friday as markets turned quiet ahead of a St. Louis Fed GDP nowcast update. Traders are also eyeing Canada's Jun
SK Hynix's $26.5B Nasdaq Debut Rewards a Decade-Long Bet on AI Memory Chips
SK Group chairman Chey Tae-won rings the bell for SK Hynix's Nasdaq listing on Friday, a $26.5 billion payoff for a decade-long gamble on hi