By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Tech Stocks Slide as OpenAI IPO Delay Raises AI Valuation Concerns
US tech stocks slid in premarket trading after reports that OpenAI is considering pushing its IPO to next year. The news adds to cautious se
PENN's Hollywood Aurora Casino Could Drive $53M EBITDA, Analyst Says
Truist Securities sees PENN Entertainment's $360 million Hollywood Aurora casino as a key profit driver, projecting a 15% cash-on-cash retur
Evonik Raises 2026 Profit Forecast After Strong Q2, Warns of Temporary Boost
Evonik Industries raised its 2026 profit outlook after a stronger-than-expected second quarter, driven by higher volumes, better pricing, an
European Stocks Slip 1% as OpenAI IPO Delay Revives Tech Jitters
European stocks slipped 1% on Friday, led by a 1.9% drop in tech shares, after reports said OpenAI could delay its IPO until 2027. The Stoxx
Oil's Slide Pulls Euro Zone Bond Yields Lower as ECB Rate Hike Bets Fade
Euro zone bond yields fell as Brent crude slid near $72.80 a barrel, prompting traders to scale back ECB rate hike expectations. A consumer
Chinese Futures Brokers Yongan, Orient, Guotai Junan Seek LME Membership to Expand Metals Clearing Role
Yongan, Orient, and Guotai Junan are lining up membership bids for the London Metal Exchange, Reuters reports. Only six of the LME's 40-plus
Onsemi's $7 Billion Synaptics Deal Bets Big on Edge AI and Physical AI
Onsemi agreed to buy Synaptics for roughly $7 billion in stock, aiming to combine chips for edge AI and physical AI in cars and factories. O
Lululemon Ends Boardroom Fight as Founder Chip Wilson Accepts 18-Month Standstill
Lululemon shareholders have backed management's board nominees, ending a public dispute with founder Chip Wilson. Wilson accepted an 18-mont
Singapore Stocks Dip Despite Strong Factory Output; Data Center and Digital Securities Plays Shine
The Straits Times Index slipped 0.5% on Friday, while Singapore's manufacturing output rose 13% in May. A handful of stocks gained on data c
Malaysia's KLCI Edges Up as Oil Slips; Enest Group Plans ACE Market IPO
Malaysia's benchmark KLCI closed 0.2% higher as lower oil prices calmed inflation fears. Meanwhile, Enest Group filed for a 15.1 million rin
Berenberg Cuts Vistry Target as Buyer Pullback Squeezes Margins and Cash Flow
Berenberg cut its price target for UK homebuilder Vistry to £2.63 from £3.40, citing tougher pricing and cost inflation. The bank now sees F
Berenberg Upgrades Barratt Redrow to Buy After 43% Drop, Sees Asset Value Support
Berenberg has upgraded Barratt Redrow to 'buy' after a 43% share-price drop, arguing the stock is cheap at 0.6 times tangible net asset valu