By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
European Stocks Rise 1.6% as Healthcare and Banks Lead; Oil Falls
European stocks rose Thursday, with the Stoxx Europe 600 gaining 1.6%. Healthcare and banking sectors led the rally, as AstraZeneca climbed
Blue Owl Private Credit Redemptions Ease but 5% Cap Stays in Place
Blue Owl Capital says investors requested $4.7 billion in withdrawals from two private credit funds last quarter. While requests cooled, the
RBC: Martin Marietta's Lhoist Lime Deal Looks Pricey but Could Boost Revenue by 24%
RBC Capital Markets says Martin Marietta's proposed purchase of Lhoist North American Lime looks pricey but could boost 2027 revenue by 24%
TSX Edges Higher as Gold Jumps on Softer US Jobs Data, Rate Hike Odds Fade
A softer-than-expected US June jobs report cooled the dollar and boosted gold, helping Canada's TSX edge higher. Traders trimmed near-term F
Hedge Fund Stockpickers Surge 17% in First Half, Led by Healthcare Bets
Stock-picking hedge funds posted strong first-half returns, with Goldman Sachs' fundamental long-short group up roughly 17%. Healthcare bets
Anthropic Explores Custom AI Chip, Hires OpenAI Veteran, Talks with Samsung
Anthropic, the startup behind the Claude chatbot, is exploring a custom AI chip. It has held early talks with Samsung and hired an ex-OpenAI
Rising Vet Bills Cool US Pet Ownership, Sparking Deal Talk in Pet E-Commerce
Bank of America says rising vet bills have reduced US pet ownership by 2.6% in two years. The trend is dragging down valuations of pet-relat
Rivian Boosts 2026 Delivery Forecast to 70,000 on Early R2 Demand
Rivian raised its 2026 delivery forecast to 65,000-70,000 vehicles after second-quarter deliveries climbed 14% to 12,194. Early demand for t
Berenberg Boosts Generali's German Earnings Forecasts, Sees Strong Solvency and Margins
Berenberg raised its earnings forecasts for Generali's German business after a deep-dive event, highlighting a strong solvency ratio and imp
EU Top Court Upholds €4.13 Billion Antitrust Fine Against Google, Alphabet Shares Dip
Europe's top court upheld a €4.13 billion antitrust fine against Google, rejecting the company's appeal. Alphabet shares slipped in premarke
Lucid Misses Q2 Delivery Estimates, Names New CFO Amid Restructuring
Lucid missed second-quarter delivery estimates, reporting 3,953 vehicles delivered versus a forecast of 4,618. The company also announced a
Microsoft Launches $2.5 Billion AI Integration Unit for Enterprise Clients
Microsoft is launching a $2.5 billion unit called Microsoft Frontier Company to help large clients like Unilever integrate and swap AI model