By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
European ADRs edge higher as Nokia gains, Novo Nordisk slips
European stocks trading in the US edged higher Friday morning, led by Nokia's 3.1% gain, while Novo Nordisk fell 2.8%. The S&P Europe Select
Waterland exits Giacom tie-up as Gamma weighs Epiris bid
Dutch private equity firm Waterland says it is no longer teaming up with Giacom on a potential bid for Gamma Communications. The UK telecoms
Veralto's M&A push supports 5%-6% H2 growth target, RBC says
RBC Capital Markets says Veralto still expects 5%-6% core growth in the second half, supported by its planned $465 million purchase of Clean
RBC starts Dell coverage with outperform on $95B AI server backlog
RBC Capital Markets started covering Dell Technologies with an outperform rating, pointing to a $95 billion AI server backlog. The firm says
TSX rises 0.6% as oil slides on Hormuz deal talk, Fed hike odds climb
Canada's TSX rose 0.6% Friday, snapping a four-day slide, as oil fell 2.5% on reports of talks to reopen Strait of Hormuz shipping. Traders
Gold bounces 1.6% as traders brace for likely Fed rate hike
Gold steadied on Friday, rebounding 1.6% even as a hotter US inflation report pushed traders to price an 85% chance of a Fed rate hike next
UBS boosts debt buyback to $5.85B, lifting financial stocks
UBS expanded its debt buyback to about $5.85 billion, while Thomson Reuters' financing arm sold $1.3 billion in new notes. Financial stocks
EssilorLuxottica executives defend CEO after heir's criticism
A memo signed by senior executives defends CEO Francesco Milleri, blaming the stock's slide on macro and geopolitical issues. The defense fo
CN pushes US regulators to protect Midwest rail competition in UP-NS merger
Canadian National Railway is asking US regulators to attach conditions to the proposed Union Pacific–Norfolk Southern merger, focusing on pr
A Less Chatty Fed Could Mean Bigger Market Swings
The Federal Reserve may be moving toward a less communicative era under new Chair Kevin Warsh. Fewer hints about interest rates could lead t
Dubai stocks gain as oil's 7% weekly surge keeps Gulf markets on edge
Dubai and Abu Dhabi stocks finished higher Friday after a choppy week in oil, with crude still headed for a more than 7% weekly gain as ship
Z.AI raises $5B in Hong Kong to fund AI expansion
Z.AI is raising about $5 billion in Hong Kong by selling new shares and zero-coupon convertible bonds. The funds will go toward research and