By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Orezone Gold Sets First Production Targets for Casa Berardi Mine, Plans Major Drill Program
Orezone Gold has issued its first operating targets for the recently acquired Casa Berardi mine, projecting 62,000-67,000 ounces at $2,600-$
SpaceXAI and Cursor to Release Joint AI Model After Efficiency Delay
SpaceXAI and Cursor are preparing to release their first jointly built AI model as soon as Wednesday, after delaying the launch to improve e
Coty to Hand Gucci Beauty Back to Kering in $400 Million Deal, Pay Down Debt
Coty is selling the Gucci Beauty license back to parent company Kering for $400 million. It will keep operating the brand until mid-2027, th
Treasury Yields Hit Four-Week Highs as Oil Surge and Heavy Auction Week Rattle Bond Markets
US Treasury yields rose to four-week highs Tuesday, driven by a 3.9% oil price surge on Strait of Hormuz tensions and a busy week of governm
Strategy Explores Preferred Share Swap with Distressed Debt Funds After 75% Plunge
Strategy is weighing a deal to let investors swap its battered preferred shares for new preferreds at a discount or common stock. The move f
Microsoft Shifts from OpenAI to In-House AI Models for Excel, Outlook to Cut Costs
Microsoft is quietly swapping OpenAI's technology for its own AI models in Excel and Outlook. The move aims to cut costs as the tech giant r
Consumer Stocks Split as Staples Rise, Discretionary Slip Ahead of July 4th
Consumer stocks showed a split ahead of July 4th: staples rose 0.9% while discretionary fell 0.8%. Redbook reported same-store sales up 11.5
Meta Rolls Out Muse AI Image Generator to Instagram and WhatsApp
Meta is rolling out Muse Image, a new AI image-generation model, to Instagram and WhatsApp through its Meta AI chatbot. The tool allows phot
Chip Stocks Slide as Samsung's Record Profit Fuels AI Cycle Fears
Tech stocks slipped as investors interpreted Samsung's record profit forecast as a sign the AI chip cycle may be topping. The Philadelphia S
Chip Stocks Slide as Oil Surge on Tanker Strike Fuels Rate Worry
A missile strike on a Qatari tanker sent crude oil up 2.7%, flipping market sentiment. Energy ETFs rose about 1.1%, while chip stocks tumble
Amazon Returns to Bond Market for $25 Billion to Fund AI Infrastructure
Amazon is raising at least $25 billion through a new bond sale, its second major debt offering this year. The funds will likely go toward AI
TSX Dips as Materials Stocks Slide Despite Record Canadian Exports in May
Canada's main stock index slipped midday as materials stocks led declines, even as new data showed the country's trade surplus widened to C$