By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Russell Indexes Reshuffle Could Trigger $150 Billion in Trades Friday
FTSE Russell's annual reshuffle on Friday could trigger nearly $150 billion in forced trades as index funds adjust. SpaceX joins the Russell
IBM's 0.7-Nanometer Chip Design Could Reshape AI Computing Roadmap
IBM has announced a 0.7-nanometer chip architecture that could fit nearly 100 billion transistors on a fingernail-sized area. The design use
Wesdome Gold Mines Extends Mine Life to Eight Years, Boosts 2028 Production Target
Wesdome Gold Mines has updated its reserve estimate, extending the life of its Eagle River and Kiena mines to about eight years. The company
Dealmakers Surge: Bain Buys Volkswagen Marine Unit, EasyJet Rejects Bid
Dealmakers were busy Thursday, with Bain Capital agreeing to buy a 51% stake in Volkswagen's marine engine unit for €7.4 billion. easyJet re
UK Stocks Hit One-Week Highs as Takeover Buzz Lifts EasyJet, ITV, and Advanced Medical Solutions
UK stocks hit one-week highs as a wave of takeover news lifted easyJet, ITV, and Advanced Medical Solutions. The FTSE 100 and FTSE 250 rose
S&P Upgrades China Merchants Port Holdings to A- on Steady Cash Flow
S&P Global Ratings upgraded China Merchants Port Holdings to A- from BBB+, pointing to steadier cash flow and rising throughput. The move lo
Bank of England's New Forecasting Approach Faces Internal Criticism
The Bank of England's shift to multiple economic scenarios and individual vote explanations is drawing pushback from within its own rate-set
Hong Kong Stocks Slide as AI Valuations Face Rate Pressure and Alibaba Probe
Hong Kong stocks slipped as worries over high AI valuations and an Anthropic allegation against Alibaba outweighed positive cues from US chi
H&M Revamps Stores but Weak Western Europe Sales and Rising Freight Costs Pressure Growth
H&M says store upgrades and a tech overhaul are helping, but shaky consumer confidence in Western Europe and rising freight costs are holdin
Elmera Shares Surge 43% as Mystery Buyer Tops Audax's $456 Million Bid
Elmera Group shares surged 43% after the Norwegian utility said an unnamed strategic buyer is in exclusive due diligence at a price well abo
Corn Futures Slide for Fifth Day as Oil Weakness and Strong Dollar Weigh on Prices
Corn futures extended their losing streak to five sessions, dropping to around $4.34 a bushel. Weaker crude oil and a firm US dollar dampene
S&P Upgrades Bharti Airtel to BBB+ as Data Demand Boosts Cash Flow
S&P Global Ratings upgraded Bharti Airtel to BBB+, reflecting stronger earnings from mobile data growth in India and Africa. The agency expe