By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
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
CoreWeave lands Hudson River Trading as AI cloud customer
CoreWeave has signed Hudson River Trading as a customer to train AI models on its Nvidia-powered cloud. The deal adds to a $104.2 billion ba
Sysco Adds Two Directors and AI Committee as It Targets $100M in Savings
Sysco is adding two directors and renaming its tech committee to sharpen its focus on artificial intelligence. The food distributor aims to
Unitree Robotics shares surge 460% on Shanghai debut after $904M IPO
Unitree Robotics' stock soared 460% on its first day of trading in Shanghai after the company raised 6.1 billion yuan. The surge highlights
European stocks flat as oil jumps to $94 and German yields stay high
European stocks were little changed on Thursday as a jump in oil prices and elevated government bond yields kept investors cautious. Brent c
Walmart's Same-Store Sales Miss Signals Cautious Shoppers
Walmart's US same-store sales rose 2.6% versus the 3.8% Wall Street expected, a sign shoppers are pulling back. E-commerce jumped 24% and it
Shein delays Hong Kong IPO to September as valuation slides to $25B
Shein has delayed its Hong Kong IPO to September, with book-building now set to start August 24. The deal is expected to value the fast-fash
Dubai Investments beats forecasts as 2Q26 profit jumps 42%
Dubai Investments reported a 42% jump in second-quarter net profit to AED 471 million, well above analyst estimates. FAB Securities reaffirm
FTSE 100 slips as JD Sports profit warning and rising gilt yields weigh
The FTSE 100 and FTSE 250 edged lower as JD Sports sank nearly 15% after cutting its profit forecast, while 30-year UK gilt yields crept bac
FAB lifts Air Arabia to hold after profit miss on fuel, airspace woes
FAB Securities upgraded Air Arabia to hold after a weak second quarter, keeping its AED 5.10 target price. Profit fell to 88 million dirhams
RBI's heavy hand keeps rupee steady as oil tops $93
The rupee barely moved even as oil prices spiked, thanks to heavy RBI intervention and tighter trading limits for banks. Traders still expec
Singapore Police Probe Radiant World Over Invalid Invoice Claims
Singapore police are investigating commodities trader Radiant World over allegations it used invalid invoices to raise funds. Broker Marex h