By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
WiseTech shares slide 8% as RBC sees cost control ahead
WiseTech Global shares dropped nearly 8% after RBC Capital Markets said the company's fiscal 2027 outlook suggests a focus on cost control r
China, Hong Kong tech stocks rebound as Nvidia snaps losing streak
China's STAR50 jumped 2.2% and Hong Kong's Hang Seng TECH Index gained 1.6% after Nvidia ended a seven-day losing streak. The rebound highli
Italy extends diesel tax cut as €11.5B bond sales loom
Italy will keep its diesel tax cut until early September, even as the Treasury gears up to sell up to €11.5 billion of government bonds. The
Huawei and HP sign multi-year Wi-Fi 7 patent cross-license deal
Huawei and HP have inked a multi-year cross-license covering standard-essential Wi-Fi patents, including those for Wi-Fi 7. HP stresses the
Indian shares set to open higher as oil slide eases supply fears
Indian stocks are set to open higher after Brent crude slid 2.6% to $86.3 a barrel. Iran and Oman discussed a temporary corridor through the
Deep Yellow secures water and local partner for Tumas uranium project
Deep Yellow has cleared two key hurdles for its Tumas uranium project in Namibia: a long-term water supply deal with NamWater and a 5% local
Future Fund CEO Raphael Arndt to step down after strong year
Raphael Arndt, CEO of Australia's A$356 billion Future Fund, will step down at year-end after six years. His departure follows a strong 14.8
Woolworths profit beats forecasts as shoppers hunt for bargains
Australia's biggest grocer beat profit expectations as shoppers traded down to cheaper options. Food sales rose 4.6% and early fiscal 2027 s
AngloGold Ashanti restarts Brazil plant to process gold in-house
AngloGold Ashanti has brought a mothballed processing plant back online in Brazil, allowing it to handle all its local gold concentrate inte
Intuit's growth push comes with softer fiscal 2027 sales outlook
Intuit beat quarterly expectations but guided fiscal 2027 revenue below analyst estimates, citing investments in customer growth and softer
Zoom's AI push meets a tougher forecast as rivals close in
Zoom beat Wall Street's Q2 estimates, but its Q3 profit outlook came in light, sending shares down 3.8%. Competition from Microsoft Teams an
OpenAI's data center lead exits as AI spending plans balloon to $750B
OpenAI's data center lead, Chris Malone, has left the company, according to The Wall Street Journal. The departure comes as OpenAI boosts it