By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Oxford Industries beats Q2 estimates but cuts outlook, shares slide 17%
Oxford Industries beat fiscal Q2 profit estimates but cut its outlook, sending shares down more than 17% after hours. Revenue slipped to $39
Lululemon cuts outlook ahead of CEO handover, shares slide 15%
Lululemon cut its fiscal 2026 revenue and profit outlook, sending shares down about 15% after hours. The athleisure brand now expects sales
Nvidia's Hugging Face deal lifts AI stocks as Snowflake, Palantir add fuel
Nvidia agreed to buy AI platform Hugging Face for up to $12.93 billion, while Snowflake raised its outlook and Palantir expanded a key allia
Cattle futures bounce as traders cover shorts and grain costs ease
CME live and feeder cattle futures climbed Thursday as traders closed bearish bets, helped by cheaper grain and a firmer cash market. Tariff
Kingfisher Metals adds mining finance veteran Jasper Bertisen to board
Kingfisher Metals refreshed its board, naming mining finance veteran Jasper Bertisen as an independent director. Chris Beltgens stepped down
ByteDance's $29.6B loan shows banks' hunger for AI deals
ByteDance, TikTok's parent, raised a $29.6 billion loan—Asia's second largest this year—after banks oversubscribed. The generous terms signa
Northern Discovery starts field work at Vancouver Island copper project
Northern Discovery Metals will start field work at its Vent Copper Project on Vancouver Island on September 10. The three-week mapping and s
Stocks rise as Fed's Waller hints at possible pause in rate hikes
Wall Street climbed after Fed Governor Christopher Waller said he could support pausing rate hikes if inflation keeps cooling. Oil prices an
Dropbox bets on AI and simpler pricing to revive growth, RBC says
RBC says Dropbox's Teams product is growing again after two-plus years of declines. The company is simplifying pricing and testing AI-automa
BofA Cuts Sonoco Profit Forecast, Downgrades Stock to Neutral
Bank of America lowered its Q3 earnings forecast for Sonoco to $1.85 per share and downgraded the stock to neutral, saying pricing gains are
Somnigroup's Leggett deal seen boosting earnings sooner than expected
BofA Securities expects Somnigroup's acquisition of Leggett & Platt to add $0.35-0.40 to annualized earnings per share before synergies. The
PayPal cuts 220 India jobs in push for $400M savings by year-end
PayPal has cut about 220 jobs in India as part of a broader cost-saving overhaul. The company aims to save $400 million by year-end, leaning