By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Latin American Markets Edge Higher as Global Risk Appetite Returns
Latin American markets edged up Monday as US risk appetite improved and oil prices cooled. MSCI's regional equity index gained 0.39%, with t
Uber Pauses Europe Eats Expansion in Five Countries, Focuses on Delivery Hero Deal
Uber is pausing most of its planned Uber Eats expansion in Europe, shelving launches in five of seven targeted countries. The move signals a
Versant Media Acquires Full Swing for $530M to Build Interactive Sports Platform
Versant Media is buying Full Swing, a golf-simulator platform, for $530 million in cash. The deal, expected to close in late 2026, aims to b
BRP Opens Mega Hub to Boost Parts and Gear Sales as Aftermarket Revenue Tops C$1 Billion
BRP opened a massive distribution hub in Quebec to centralize parts and gear operations. The move targets steadier revenue from aftermarket
US Bargain Hunters Snap Up UK Companies: EasyJet, ITV Deals Signal Trend
US companies are on a buying spree in the UK, with easyJet and ITV the latest targets. The trend is shrinking the London Stock Exchange, red
ICG Silver & Gold Begins Drilling at Nevada's Tuscarora District, Assays Due in August
ICG Silver & Gold has kicked off a 3,000-meter Phase 1 reverse-circulation drilling program at Nevada's Tuscarora District. Initial assay re
General Mills Faces Investor Skepticism on Fiscal 2027 Sales Growth
General Mills has issued a cautious fiscal 2027 outlook, and UBS says investors will want early evidence that innovation can replace price h
Microsoft Cuts 4,800 Jobs in Xbox Restructure as AI Spending Pressures Margins
Microsoft is cutting 4,800 jobs, with most tied to an Xbox restructure. The company also plans to divest up to five game studios as it shift
Novartis Bets $1.1 Billion on Myricx Bio's Cancer Drugs as Swiss Stocks Dip
Novartis agreed to buy UK biotech Myricx Bio for $1.1 billion, adding two antibody-drug conjugate cancer candidates. The Swiss Market Index
TSX Falls as Gold and Oil Slide, Outweighing Softer Rate Expectations
Canada's TSX slipped as gold and oil prices cooled, dragging resource stocks. Traders are now pricing just one more Fed rate hike by year-en
Novartis Buys Myricx Bio for $1.1B as European Markets End Mixed
Swiss drugmaker Novartis agreed to pay $1.1 billion upfront for Myricx Bio, a private cancer biotech, with up to $400 million more in milest
UBS Maintains Sell Rating on National Beverage as Margins Face Dual Pressure
UBS reiterated its sell rating and $33 price target on National Beverage, warning that softer sales volumes and stubborn input costs will ke