By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Tencent Music taps bond market to refinance debt and buy back shares
Tencent Music is back in the US dollar bond market with a benchmark-sized sale of 5- and 10-year notes. The proceeds will refinance offshore
UK watchdog warns property funds face cash shortfall on redemptions
The FCA reviewed over 11,000 alternative funds and found no market-wide liquidity problem, but property funds stand out. About 10% of their
Accelevation files for Nasdaq IPO to tap AI data center power demand
Accelevation, backed by Olympus Partners, has filed for a Nasdaq IPO. The power and infrastructure supplier reported $448 million in annual
Microsoft to reveal Azure sales quarterly in reporting overhaul
Microsoft will soon report Azure's quarterly sales for the first time, ending years of only sharing growth rates. The company is also restru
Serie A seeks private equity for overseas media rights venture
Italy's Serie A is preparing to sell a 10%-20% stake in a new venture that would bundle its overseas media rights, with binding bids due by
Uber's 10% job cut plan overshadows calm consumer ETF trading
Consumer stocks were slightly higher Wednesday, but the calm masked big company-level moves: Uber plans a 10% staff cut, Amazon faced a one-
Dell Surges 15% on Strong Results, Palo Alto Falls 10% on Margin Dip
Dell shares jumped 15% after stronger results and higher fiscal 2027 guidance, while Palo Alto Networks slid 10% as its adjusted gross margi
Biotech Microcaps Surge on Patent, Trial Data, and Share Sale
Three small biotech stocks posted outsized moves on distinct catalysts: a patent milestone, trial readout details, and a secondary offering.
S&P 500 edges higher as traders weigh soft ADP data and rising Fed hike odds
US stocks edged higher, breaking a three-day losing streak, even as Treasury yields hover near January highs. Traders weighed softer August
Nvidia's reported $14B Hugging Face bid lifts tech stocks
Tech stocks sent mixed signals Wednesday: Dell jumped on upbeat results, while Nvidia rose 3.5% after reports it's in late-stage talks to bu
Unitree shares halve after debut surge, still trade at 118x sales
Unitree's shares have halved from their peak just two weeks after a frenzied debut on Shanghai's STAR Market. Despite the drop, the stock st
Retail sales dip but earnings hold up: where shoppers are spending
Official retail sales data looked weak in July, but most retailers still beat earnings forecasts. The gap comes down to where shoppers are s