Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
Spinny quietly files for India IPO, targeting at least $360 million
Spinny, a Tiger Global-backed used-car marketplace, has confidentially filed draft IPO papers in India. Local reports peg the issue at at le
Diageo's CFO Search Reportedly Lands on WPP's Joanne Wilson
Diageo may have found its next finance chief in WPP's Joanne Wilson, Sky News reported. The hire would land as CEO Dave Lewis pushes a $1 bi
AB InBev Bets on Smaller Packs and Protein Beer as Drinking Habits Shift
AB InBev told investors it will sell smaller beer packs and launch functional brews with added protein or electrolytes, while expanding into
Royal Caribbean in Talks for Majority Stake in Sandals Resorts
Royal Caribbean is reportedly in talks to acquire a majority stake in Sandals Resorts, a deal that could value the all-inclusive chain at mo
Nvidia's Valuation Hits Decade Low as Memory Costs Threaten Margins
Nvidia's stock is trading at roughly half last year's valuation multiple, according to Bloomberg. Investors are less focused on the discount
Airtel Africa Prepares London IPO for Airtel Money at $8-9 Billion Valuation
Airtel Africa is preparing to float its mobile money unit, Airtel Money, on the London Stock Exchange. The FT reports the unit could seek an
Delta Resources Launches 10,000-Meter Drill Program at Delta-1 Gold Project
Delta Resources has kicked off a 10,000-meter drill program at its Delta-1 gold project near Thunder Bay. The junior miner will test whether
US Consumer Stocks Edge Up as Redbook Flags Soft Retail Traffic
US consumer stocks edged higher Tuesday, but Redbook's weekly retail tracker showed same-store sales growth cooling to 7.6% year-on-year. Li
Decoy Therapeutics cuts warrant prices to raise $3.85 million
Decoy Therapeutics is cutting warrant exercise prices to $3.25 to pull in $3.85 million from an institutional investor. The move makes other
Metzler Starts Mercedes Coverage With Hold, Flags China Risk
Metzler Capital Markets started coverage of Mercedes-Benz with a hold rating and a €47 price target. The broker sees strong fundamentals but
RBC: SiriusPoint's turnaround opens door to buybacks and growth
RBC Capital Markets initiated coverage of SiriusPoint, arguing the insurer's turnaround is advanced enough to support continued book value g
European ADRs Slip as Ericsson and Nokia Lead Telecom Declines
European ADRs slipped Tuesday morning, with the S&P Europe Select ADR Index down 0.35% to 1,924.21. Ericsson and Nokia led the declines, whi