By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Goldman Sachs Private Credit Fund Sees Low Redemptions as Peers Struggle
Goldman Sachs reported that its GS Credit private credit fund faced redemption requests of just 3.24% of shares in Q2, far below the 5% cap.
LME Explores Outdoor Aluminum Storage to Boost Hong Kong Warehouse Viability
The London Metal Exchange is exploring relaxed warehousing rules in Hong Kong, such as allowing outdoor aluminum storage, to address high co
RBC Downgrades Dow as Plastics Pricing Weakens, Flags $6 Billion Alberta Cracker Risk
RBC Capital Markets downgraded chemicals giant Dow, cutting its price target from $51 to $28. The bank warns that softer polyethylene prices
Dollar Eases as Fed Official Strikes Calmer Inflation Tone; Yen Rebounds from 40-Year Low
The dollar took a breather after a senior Fed voice struck a calmer tone on inflation. The yen rebounded from a 40-year low as traders trimm
Opel Teams with Leapmotor to Cut Costs and Launch Electric SUV
Opel is partnering with China's Leapmotor to develop an electric SUV, aiming to lower costs through automation. The move comes as the Stella
Foreign Investors Pull $137 Billion from Asian AI Chip Stocks in Record Outflow
Foreign investors withdrew a net $137.36 billion from Asian stocks in the first half of the year, the fastest six-month outflow since at lea
US Futures Fall as ADP June Hiring Miss Signals Cooling Labor Market
US stock futures fell Wednesday after ADP data showed private employers added only 98,000 jobs in June, well below the expected 120,000. The
Meta Explores Cloud Business to Sell Excess AI Compute Capacity
Meta is exploring a cloud business to sell access to its AI models and spare computing capacity, according to Bloomberg. The move could put
FactSet Beats Q3 Profit Estimates but Holds FY26 Forecast Steady; Shares Dip
FactSet beat profit estimates in its latest quarter, with adjusted EPS of $4.53, but held its fiscal 2026 forecast steady. Margins slipped a
Kroger Buys Giant Eagle for $1.65 Billion After Failed Albertsons Merger
Kroger is buying Giant Eagle for $1.65 billion after its Albertsons deal was blocked. The cash-and-liabilities deal adds nearly 200 stores i
UAE Stocks Split as US-Iran Talks in Qatar Raise Hopes for Oil Flow Stability
UAE stocks showed mixed performance as investors weighed indirect US-Iran talks in Qatar. Abu Dhabi edged lower while Dubai gained, with Bre
Berenberg Lifts Gerresheimer Target Despite Margin Cut and Negative Cash Flow
Berenberg raised its price target on Gerresheimer to €24 from €20, despite the company lowering its 2026 margin outlook and guiding to negat