By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Aussie dollar hits parity with loonie for first time since 2018
Australia's dollar has climbed to parity with Canada's loonie for the first time since March 2018, as traders bet on further RBA rate hikes
Diageo's CFO Search Reportedly Lands on WPP's Joanne Wilson
Diageo may have found its next finance chief in WPP's Joanne Wilson, Sky News reported. The hire would land as CEO Dave Lewis pushes a $1 bi
AB InBev Bets on Smaller Packs and Protein Beer as Drinking Habits Shift
AB InBev told investors it will sell smaller beer packs and launch functional brews with added protein or electrolytes, while expanding into
Memory Chip Costs Surge, Pushing PC Buyers to Delay Purchases
UBS reports DRAM and NAND memory costs have skyrocketed since mid-2025, pushing up entry-level PC prices. Shoppers in the US and China are d
Nvidia's Valuation Hits Decade Low as Memory Costs Threaten Margins
Nvidia's stock is trading at roughly half last year's valuation multiple, according to Bloomberg. Investors are less focused on the discount
PayPal and Meta Team Up to Put AI Shopping Agents at Checkout
PayPal and Meta have struck a deal to embed Meta's Muse AI shopping agents inside PayPal's merchant checkout. The tool aims to answer shoppe
US Consumer Stocks Edge Up as Redbook Flags Soft Retail Traffic
US consumer stocks edged higher Tuesday, but Redbook's weekly retail tracker showed same-store sales growth cooling to 7.6% year-on-year. Li
Polymarket seeks EU financial services label to sidestep gambling bans
Polymarket wants to operate in Europe by being classified as a financial services firm rather than a gambling company. But regulators in Fra
Paramount-Skydance's $49B WBD debt sale moves ahead after antitrust settlement
Paramount-Skydance's $49 billion takeover of Warner Bros. Discovery is moving to the debt markets after a multistate antitrust settlement. B
Metzler Starts Mercedes Coverage With Hold, Flags China Risk
Metzler Capital Markets started coverage of Mercedes-Benz with a hold rating and a €47 price target. The broker sees strong fundamentals but
Nigeria's Central Bank Surprises With 350-Basis-Point Rate Cut
Nigeria's central bank surprised markets by cutting its benchmark rate by 350 basis points to 23%, citing cooling inflation and the upcoming
European ADRs Slip as Ericsson and Nokia Lead Telecom Declines
European ADRs slipped Tuesday morning, with the S&P Europe Select ADR Index down 0.35% to 1,924.21. Ericsson and Nokia led the declines, whi