By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Micron offers record Taiwan bonuses as strike threat looms
Micron is offering Taiwan direct labor staff record fiscal 2026 bonuses worth 35-68 months of pay, after unions representing about two-third
Yuan holds steady as PBOC fix counters firmer dollar ahead of US CPI
China's yuan held its ground Friday even as the dollar firmed, thanks to a stronger-than-expected daily fixing by the People's Bank of China
China's 2030 plan pushes self-driving EVs while reining in price wars
China's industry ministry has published a 2030 plan for smart electric vehicles, aiming for large-scale self-driving rollouts while tighteni
Oil's surge pushes Australian and NZ bond yields to 15-year highs
Oil's jump has pushed Australian and New Zealand bond yields to 15-year highs, as markets price in a 90% chance the RBA hikes rates this mon
Oil's 6% surge lifts bond yields to new highs, hits stocks
A 6% spike in oil, with Brent hitting $109.97, has pushed bond yields to fresh highs and weighed on stocks. Rising conflict risk near the St
Gold hovers near weekly low as traders await US consumer inflation data
Gold is hovering near a one-week low after a hotter US producer inflation report boosted expectations for a Federal Reserve rate hike. Trade
Transwarp's Hong Kong IPO aims to raise up to HK$854.7 million
Transwarp Technology, a Shanghai-based AI infrastructure software company, is marketing 14 million shares in a Hong Kong IPO at HK$49-HK$61.
AirTrunk seeks SG$2 billion debt ahead of Singapore data center REIT IPO
AirTrunk, backed by Blackstone, is in talks with banks for roughly SG$2 billion in multi-currency borrowing to support a planned Singapore-l
Copart's $1.9B ACV Acquisition Targets Used-Car Market Growth
Copart is buying ACV Auctions for $1.9 billion in cash, paying $10.50 a share—a 45% premium. The deal aims to diversify Copart's revenue bey
NSE sets IPO price band, valuing India's top exchange at $46 billion
India's National Stock Exchange has set a price band for its long-awaited IPO, valuing the exchange at up to $46 billion. The company trimme
Adobe beats Q3 estimates as AI subscriptions surge ahead of CEO change
Adobe beat Wall Street's third-quarter revenue forecasts, driven by strong demand for its new AI features. AI-first annual recurring revenue
Cattle futures climb as short sellers retreat from late-summer slide
Cattle futures climbed Thursday as short sellers exited positions taken during the late-summer slide. Cash cattle held firm even as wholesal