By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
AI Stock Pullback Hits Quant Hedge Funds Hard, Worst Run Since August
Quantitative hedge funds are suffering their worst performance since August as a sharp reversal in AI-related stocks erodes gains. Goldman S
Deutz Acquires FFG for €1.6 Billion to Pivot Toward Defense Sector
Deutz is buying FFG Flensburger Fahrzeugbau for €1.6 billion, shifting its focus from industrial engines to defense. The deal taps into Euro
Barclays Preps $875 Million Debt Package for Blackstone-Tinicum Buyout of Senior
Barclays is preparing $875 million in debt financing for Blackstone and Tinicum's planned acquisition of UK aerospace supplier Senior. The d
Fortuna Mining Nears Final Permit for Senegal Gold Project, First Gold Seen by 2028
Fortuna Mining is weeks away from securing the final construction permit for its Diamba Sud gold project in Senegal, CEO Jorge Ganoza told R
Morgan Stanley Sees Big Corporate M&A Lifting Evercore and Moelis, Cuts Houlihan Lokey Forecasts
Morgan Stanley predicts a pickup in big corporate mergers will benefit Evercore and Moelis, but a slower rebound in private-equity-backed de
Volkswagen Workers Rally Across Germany as Reports Cite Up to 100,000 Job Cuts
IG Metall staged protests at more than a dozen Volkswagen sites ahead of a supervisory board meeting, after reports said the automaker is co
Stocks Hold Steady as US-Iran Strikes and Fed Split Keep Markets on Edge
US stocks held steady Thursday as new US-Iran strikes near the Strait of Hormuz pushed oil prices higher and Treasury yields rose. Traders a
Indian Stocks and Rupee Gain as Oil Eases; TCS Earnings in Focus
Indian stocks edged higher and the rupee strengthened as oil prices slipped, with investors eyeing Tata Consultancy Services earnings. The R
Meta's In-House Iris AI Chip Targets September Production to Cut Costs
Meta plans to begin manufacturing its in-house Iris AI chip in September, according to an internal memo. The chip is part of Meta's MTIA pro
Berenberg Sees Lagercrantz Hitting 15%+ Growth in FY 2027 via M&A and Organic Gains
Berenberg raised its price target on Lagercrantz to 290 kronor, expecting 5% organic growth and six acquisitions in FY 2027. The stock trade
Arras Minerals Doubles 2026 Drill Program to 40,000 Meters After $25M Raise
Arras Minerals has doubled its 2026 drill program to 40,000 meters after raising C$25 million. The company will focus on definition drilling
Pound Hits Four-Week High Near $1.34 as Oil Retreat and Dollar Weakness Shift Rate Expectations
The pound climbed to a four-week high near $1.34 as cooling oil prices and a weaker dollar eased inflation fears. Traders now expect only on