By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Le Slip Français Plans Bastille Day IPO on Euronext Growth Paris
Le Slip Français, a made-in-France underwear brand, plans to raise €5 million in an IPO on Euronext Growth Paris, debuting on Bastille Day.
Micron's $22 Billion Take-or-Pay Deals Aim to Smooth Memory Chip Cycles
Micron has secured $22 billion in five-year take-or-pay contracts from customers like Nvidia, aiming to reduce the boom-bust nature of the m
Microsoft Hikes Xbox Prices Up to $150 as Memory Chip Costs Surge
Microsoft will lift Xbox console prices by up to $150 from August 1, blaming a surge in memory and storage chip costs. The price hike mirror
Ares Caps Withdrawals Again at $23B Private Credit Fund as Redemption Requests Surge
Ares Management capped withdrawals again at its $23 billion private credit fund after Q2 redemption requests hit 14.4%. The fund limited rep
European Stocks Hit Record Close as Bayer Surges on Supreme Court Win
European stocks closed at a record high, with the STOXX Europe 600 rising 0.8%. Bayer surged 18.7% after a US Supreme Court ruling narrowed
Ferrari's First EV Faces Design Skepticism; Exec Says Market Needs Time to 'Digest' the Luce
Ferrari's first electric vehicle, the €550,000 Luce, faced online mockery after its reveal. The company's product development chief says the
Big Tech Slumps as Rate Hike Fears Resurface, But Chip Stocks Rally on AI Demand
The Nasdaq fell 1.2% Thursday as Apple and other mega-caps slid on rate hike fears, but chip stocks rallied on strong AI demand. Micron jump
Casey's Growth Plan Targets 8-10% Annual EBITDA Growth Through 2029, RBC Says
RBC Capital Markets sees Casey's General Stores hitting 8-10% annual EBITDA growth through fiscal 2029. The plan hinges on adding 400 stores
European Stocks Climb as Oil Rebounds and Rio Tinto Eyes Freight Deal with Vitol
European stocks closed higher on Thursday as oil prices rebounded and Rio Tinto reportedly explored a freight-and-logistics joint venture wi
Canadian Dollar Bounces Back After Seven-Day Slide as US Inflation Data Eases Dollar Pressure
After hitting a 14-month low, the Canadian dollar gained ground as US inflation data reduced expectations for further Fed rate hikes and oil
AI Boom Drives Record Bond Issuance, Raising Portfolio Risk Concerns
US investment-grade bond sales hit a June record of $175 billion, up 60% from last year. Tech giants like Nvidia and SpaceX are borrowing he
Merck KGaA's $11.3B Bio-Techne Buy Targets Steady Lab Tool Revenue
Merck KGaA is buying Bio-Techne for $11.3 billion, paying $73 a share. The deal targets steady revenue from lab consumables used in advanced