By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
Stripe's $8B OpenRouter deal shows AI's shift to infrastructure
Stripe's $8 billion deal for OpenRouter highlights how AI is moving from flashy apps to the plumbing that makes usage predictable and billab
KOSPI jumps 6% as chip stocks rebound on SK Hynix buyback
South Korea's KOSPI jumped 6.3% as chip stocks rebounded sharply, with SK Hynix climbing nearly 13% after unveiling a 40 trillion won buybac
Westgold's ore reserves jump 41% to 4.1 million ounces after asset sales
Westgold Resources lifted its ore reserves by 41% to 4.1 million ounces as of June 30, even after mining depletion and selling non-core asse
CMOC's copper profits offset DRC cobalt export slump
CMOC Group reported an 86% jump in first-half profit, driven by stronger copper margins that more than offset a sharp decline in cobalt ship
Fed holds rates steady; stocks inch up as Treasury boosts bond buybacks
Stocks edged higher and long-term Treasury yields fell after the Fed held its policy rate steady and the Treasury said it will increase buyb
Software earnings beats widen in Q2, but AI splits sector into winners and laggards
Software earnings looked better in Q2, with revenue beats widening to 2.6% and profitability 21.2% above consensus, according to RBC. But AI
Gold jumps 3.6% as Treasury doubles long-bond buybacks, cooling yields
Gold jumped 3.6% to $4,487.91 after the US Treasury said it would double liquidity-support buybacks for longer-dated bonds. The move helped
AI's massive spending spree is quietly propping up the US economy
AI spending has become a major force in the US economy, with Wall Street finding new ways to finance it. But how long can the boom last? We
Aurora Cannabis buys UK firms as Curaleaf bid looms
Aurora Cannabis is buying two UK-based pharma businesses for £2.1 million in cash, even as it tells shareholders to ignore Curaleaf's $4.00-
Treasury doubles long-bond buybacks; stocks edge higher
The Treasury plans to double its buybacks of long-dated government debt to at least $4 billion per operation in September, a move aimed at i
Palo Alto Networks: AI push shows promise, but partners stay cautious
UBS sees strong demand for Palo Alto Networks' firewalls and cloud security, but reseller partners remain lukewarm since April's Mythos laun
Carlsberg's beer sales fall 1% as China rains hit demand
Carlsberg's latest results show beer sales fell 1% as heavy rains in China, its biggest market, kept drinkers indoors. Revenue and profit mi