By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Baltic Dry Index jumps 4.4% as Typhoon Narra disrupts shipping routes
The Baltic Dry Index climbed 4.4% to 3,056 as Typhoon Narra disrupted South China Sea routes, boosting iron ore and shipping rates. Capesize
Silver Bullet Mines switches Arizona feedstock, plans C$670K funding
Silver Bullet Mines is shifting its Arizona processing plan to the Columbia/Gold Queen Complex and lining up a C$670,000 convertible debentu
UAE stocks split as traders await key US inflation data
UAE markets ended mixed on a quiet local day, with Abu Dhabi's ADX down 0.339% and Dubai's DFM up 0.552%. Traders are focused on the upcomin
Privacy backlash could slow Ray-Ban Meta's disruption, Bernstein says
Bernstein says privacy backlash around Ray-Ban Meta smart glasses could slow their disruptive impact, keeping EssilorLuxottica's valuation n
Dollar edges up as traders await key US GDP and inflation data
The dollar edged up as traders braced for a busy US data slate, including fresh GDP and inflation figures. Mortgage applications slipped, wh
Kohl's raises profit outlook on tariff refund, but sales miss weighs on shares
Kohl's raised its profit outlook after a $150 million tariff refund, but second-quarter sales missed estimates as shoppers stayed selective.
Shein's IPO investors accept unusual six-month lock-up on new shares
Shein's existing investors have agreed to a six-month lock-up on new shares they'll receive in the Hong Kong IPO, Bloomberg reports. The unu
Victory Capital to buy First Eagle in $7B deal, betting on cost cuts
Victory Capital is buying First Eagle Investments for $7 billion in a cash-and-stock deal. The acquisition, expected to close in Q1 2027, wi
MiniMax's low-cost AI models fuel 283% revenue surge
MiniMax's first-half revenue surged 283.1% to $116.6 million as businesses snapped up its cheaper, open-source-based AI models. Enterprise s
Markets Flat as Nvidia Earnings and Key Inflation Data Loom
Stock futures were flat as investors awaited Nvidia's earnings and the July PCE inflation report, expected to show a 3.6% annual rise. The d
Singapore's STI slips 0.3% even as regional markets rally
Singapore's STI slipped 0.3% even as most Asian markets rose, highlighting how index weightings can mask underlying strength. Penguin Intern
Kenya Airways seeks strategic investor as losses widen on fuel costs
Kenya Airways says it will name potential investors within weeks as the loss-making carrier seeks cash and a strategic partner. The airline'