By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Citadel unwinds most of AI fund's portfolio after 67% July loss
Citadel slashed more than 80% of the AI-focused Situational Awareness portfolio it acquired last month, after the fund's tech-heavy bets los
Deere beats low Q3 bar but soft Q4 outlook keeps farm slump in focus
Deere topped low fiscal Q3 expectations, but its Q4 profit outlook disappointed. UBS notes early orders look steadier than feared, backing h
Vista weighs $2-3B sale of private-markets data firm Allvue Systems
Vista Equity Partners is considering a sale of Allvue Systems, a private-markets data and software provider, with a potential valuation of $
Guggenheim closed-end fund drops to 2009 low after short-seller claims
Guggenheim Strategic Opportunities Fund hit its lowest level since March 2009 after short-seller claims it funded distributions by selling n
Gold rally lifts Canada's TSX even as Treasury yields climb
Canada's TSX rose 0.6% on Friday, led by mining stocks as gold climbed. The gains came even as US Treasury yields pushed higher and Canada-U
Array Technologies' new products now half of order book, RBC says
RBC Capital Markets says customer-built solar tracker products now account for about half of Array Technologies' order book. The company lau
KKR-led group to buy Australia's Steadfast in A$7.7 billion deal
A KKR-backed consortium has agreed to buy Australia's Steadfast Group for A$7.7 billion. The deal topped a busy day that also saw Monte dei
KKR-led group to buy Australia's Steadfast for A$7.7 billion
A KKR-backed consortium will buy Australia's Steadfast Group for A$7.7 billion, paying A$6 per share—a 52% premium to the last close. The de
China's biggest EV recall targets hidden door handles after safety probe
China's biggest-ever auto recall wave hits 11 EV makers, including Tesla and Xiaomi, over emergency door-release handles. Regulators are tig
India's FX reserves near record as RBI pulls in dollars
India's foreign exchange reserves jumped nearly $10 billion to $716.9 billion, approaching a record high. The RBI's recent measures have att
UAE stocks diverge as US prepares new Iran pressure measures
Abu Dhabi's ADX slipped 0.7% while Dubai's DFM gained 0.3% on Friday. Traders weighed local company news against a looming US move to tighte
Geberit gets forecast lift but valuation still looks tight
Geberit's strong quarter prompted AlphaValue/Baader to lift its 2026-2028 sales and EBITDA estimates by about 4%. But the research firm stil