By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Anthropic eyes SpaceX-sized IPO as AI stocks wobble
Anthropic, backed by Amazon, could file for an IPO by the end of the month, aiming for a valuation rivaling SpaceX's $75 billion debut. The
Loonie hits three-month high as oil jumps and trade talks resume
Canada's dollar touched a near three-month high as oil prices jumped and the US dollar softened. Renewed US-Canada trade talks added to the
UBS raises J.M. Smucker target to $142, sees coffee pricing cushioning volumes
UBS raised its price target on J.M. Smucker to $142 from $130, saying coffee pricing should cushion weaker sales volumes. The bank expects t
Biotech-led selloff drags healthcare stocks lower on Thursday
Healthcare stocks slipped Thursday, with biotech bearing the brunt. Merck fell after an RBC downgrade, while OSR Health tumbled over 25% on
Shein's Hong Kong IPO slips again, valuation target drops to $26-27B
Shein's Hong Kong IPO has slipped again, now targeting September 1 at a $26-27 billion valuation. That's a steep drop from its $100 billion
Nvidia's next chips could power a strong Q2 earnings report
Oppenheimer expects Nvidia's upcoming chip launches to drive strong growth into its Aug. 26 earnings. The firm sees data center revenue up 1
UK cinemas clamp down on Meta smart glasses over privacy and piracy fears
UK cinema operators are moving to restrict camera-enabled smart glasses, including Meta's Ray-Ban models, over privacy and film-piracy worri
German Stocks Dip as Producer Prices Rise Faster Than Expected
German stocks slipped as producer prices rose more than expected in July, hinting at lingering inflation pressures. A fresh warning from Pre
Merck's Pipeline Optimism Meets a Rich Valuation, RBC Says
RBC Capital Markets downgraded Merck to 'sector perform' while raising its price target to $150, cautioning that the stock already reflects
Europe's US-listed stocks edge higher as BP and Shell lead gains
Europe's US-listed stocks ticked higher Thursday, with the S&P Europe Select ADR Index up 0.52%. BP and Shell led UK gainers, while BioNTech
Morgan Stanley sees $60B market in securing AI agents
Morgan Stanley says a new wave of identity security for autonomous AI agents could open a $60 billion market. It flags Palo Alto Networks, O
Asia-linked ADRs slip as Alibaba, Bilibili fall; Canaan jumps 11%
US-listed shares of Asian companies dipped in early trading, with the S&P Asia 50 ADR Index down 0.34%. Alibaba and Bilibili fell, but chipm