By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
GM's Q2 US Sales Dip 4.2% as EV Demand Softens, Trucks Hold Steady
General Motors' US sales fell 4.2% in Q2 to 714,896 vehicles, with the automaker pointing to a shrinking EV market. Truck and SUV demand hel
Linkhome Shares Surge 175% After Acquiring Mortgage One Group, AI Financing Label Drives Frenzy
Linkhome shares surged 175% after the company acquired Mortgage One Group, with trading volume spiking to 241.8 million shares. The deal is
ITG Jumps 12.5% in Nasdaq Debut After Pricing IPO Below Range, Signaling AI Infrastructure Demand
ITG, a digital infrastructure contractor backed by Oaktree, jumped 12.5% in its Nasdaq debut after pricing its IPO below the marketed range.
US Lifts Ban on Anthropic's Fable 5 AI Model, but Regulatory Scrutiny Persists
Anthropic can now sell its Fable 5 AI model after the US government lifted restrictions. The move follows a similar partial restoration for
Meta's Cloud Ambitions Lift Stock 10% as Oil Drops, Yields Rise
Meta shares surged 10% after Bloomberg reported the company is building a cloud business to sell AI computing power and models. Meanwhile, o
Meta Names First Chief Data Officer as AI Analytics Takes Center Stage
Meta is putting its top marketer in charge of data. Alex Schultz becomes the company's first chief data officer, overseeing AI analytics glo
European Stocks Dip as Rate Hike Expectations Return to Haunt Markets
European stocks edged lower, with the STOXX 600 down 0.4% and tech sliding 1.2%, as investors adjusted to renewed expectations of interest r
German DAX Edges Up as Eurozone Inflation Cools and Factory Activity Stabilizes
The DAX inched up 0.18% as eurozone inflation cooled to 2.8% in June, below expectations. Germany's manufacturing PMI held just above 50, hi
Strong Dollar Pressures Latin American Markets as New Quarter Begins
Latin American markets opened the third quarter under pressure as a firmer US dollar and cautious risk sentiment dragged MSCI's regional ind
SpaceX IPO Draws Heavy Short Interest, Each $1 Move Costs Bears $200M
Short sellers have piled into SpaceX stock since its IPO, with short interest hitting 31% of free float. Ortex data shows each $1 move swing
Funds Slash Bearish Wheat Bets on Euronext as Rapeseed Optimism Grows
Funds and financial institutions halved their net short position on Euronext milling wheat futures in the week to June 26. Meanwhile, bullis
Nike's Turnaround Stalls as Sales Outlook Weakens, UBS Cuts Target to $48
Nike's latest update shows profits are being defended through cost cuts, but sales are still lagging. UBS trimmed its price target to $48 af