By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
California wildfire liability fears hit PG&E and Edison shares
PG&E and Edison shares fell after a TV report said California lawmakers rejected limits on wildfire damages. Investors worry about the finan
HPE's AI server demand outpaces supply, BofA sees Q3 beat
Hewlett Packard Enterprise can't ship AI servers fast enough to meet customer demand. Bank of America expects a fiscal Q3 beat and a lift to
Campbell's price hikes may slow its volume recovery, RBC warns
RBC Capital Markets expects Campbell's to lift prices 3-5% in October or November to offset costs, but retail checks show Meals & Beverages
Asia 50 ADRs slip 0.3% as LexinFintech, 111 fall; iQIYI, ICICI gain
The S&P Asia 50 ADR Index slipped 0.30% to 3,004.82 as LexinFintech and 111 fell, while iQIYI and ICICI Bank gained. Thin trading and curren
Oil's surge to $91 lifts long-term Treasury yields on inflation fears
Fresh US-Iran strikes sent Brent crude above $91 a barrel, stoking inflation worries. Longer-term Treasury yields climbed as investors raise
OpenAI's ChatGPT ads hit $1B run rate as global expansion begins
OpenAI says ChatGPT Ads has hit a $1 billion annualized revenue run rate. The company is expanding its self-serve Ads Manager to India, Euro
Hypercharge's Revenue Slips, Firm Pivots to Level 2 Chargers
Hypercharge Networks' quarterly revenue fell to C$1.4 million, and the EV charging firm is doubling down on Level 2 chargers to improve marg
GRT Jewellers to acquire 74% stake in TBZ, open offer to follow
GRT Jewellers is set to take control of TBZ, a well-known Indian jewelry chain, in a deal worth up to 10.34 billion rupees. The acquisition
Tencent-backed AI chipmaker Enflame prices Shanghai IPO at 142.18 yuan
AI chipmaker Enflame has priced its Shanghai IPO at 142.18 yuan per share, targeting 6.1 billion yuan on the STAR Market. The company remain
VW unions threaten 'maximum resistance' as board weighs plant closures
Germany's largest union is gearing up for a fight as Volkswagen's supervisory board prepares to vote on three restructuring plans that could
UAE stocks slip as US-Iran tensions push Brent above $90
UAE stocks opened the week lower as fresh US-Iran clashes pushed Brent crude briefly above $90 a barrel. Investors weighed the risk of disru
Gilat raises $100M via convertible notes for satellite and defense tech
Gilat Satellite Networks has secured about $100 million from Israeli institutions via convertible notes paying 3.75% interest. The funds wil