By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Firmus and Nvidia Partner to Deploy 170,000 GPUs in Indonesia for Startup AI Access
Firmus Technologies is partnering with Nvidia to deploy 170,000 GPUs in Batam, Indonesia from early 2027 to early 2028. The deal aims to off
Volkswagen's Home State Leader Urges China-Developed Models Be Made in Germany to Save Jobs
Lower Saxony's leader Olaf Lies suggests bringing production of China-developed Volkswagen models back to Germany to safeguard jobs. This co
Prime Day Spending Hits $26.4B, but Discounts Reveal Strained Consumer
US online sales hit $26.4 billion during Amazon's four-day Prime Day event, up 9.3% from last year. But the average order fell to $47.66, sh
Porsche Weighs Moving Cayenne Production to Germany, Tied to Worker Pay Cuts
Porsche is considering moving Cayenne production back to Leipzig, Germany, from Slovakia, contingent on worker pay cuts. The move is part of
NHTSA Closes Tesla Steering Probe After Software Recall Fixes 376,000 Cars
The National Highway Traffic Safety Administration closed its investigation into Tesla steering issues after the company recalled roughly 37
SpaceX Joins Two Major Indexes, Triggering Billions in Forced ETF Buying
SpaceX will join the FTSE Russell after Friday's close and the Nasdaq 100 on July 7, triggering billions in forced buying from passive funds
Hub International Files Confidentially for US IPO, Valued at $29 Billion
Hub International, a private equity-backed insurance broker valued at $29 billion, has confidentially filed for a US IPO. The move underscor
GameStop Presses $56 Billion eBay Bid, Promises More Details Soon
GameStop says it's still pushing its $56 billion cash-and-stock bid for eBay, even after eBay rejected the approach in May. The company prom
Saks Global Emerges from Bankruptcy as Exemplar Luxury Group, Debt Slashed 75%
Luxury retailer Saks Global has emerged from Chapter 11 as Exemplar Luxury Group, cutting debt by nearly 75% and shrinking its store footpri
Meta Eyes Prediction Market App Arena to Lure 100 Million Users with Points, Not Cash
Meta is developing Arena, a prediction market app using points instead of cash, targeting 100 million monthly users aged 18-34. The move cou
Jobs Report Could Reignite Fed Rate Hike Talk as Chip Stocks Falter
Wall Street braces for Thursday's payrolls report, which could revive talk of a Fed rate hike. Chip stocks are already volatile, and the Nas
AI Chip Stocks Slide as Healthcare Surges; Investors Question AI Spending Payoff
AI-linked chip stocks slid, dragging down the SOX, while Moderna and other healthcare names climbed. Investors are questioning whether the A