Articles by Daniel Marsh
L3Harris CEO Ousted After Probe; Shares Slide 3%
L3Harris shares dropped 3% after the board ousted CEO Christopher Kubasik over conduct issues. Sam Mehta, who led segments generating 83.5% of revenue, takes over immediately.
Micron Surges 3.5% as US Policy Shift Bolsters AI Memory Demand
Micron shares jumped 3.5% premarket after US policy curbs Apple's China memory chip purchases, easing price pressure and highlighting strong AI-driven demand.
Alibaba Sells Gaming Unit for $2B to Boost AI War Chest
Alibaba divests Lingxi Games for over $2 billion, covering 80% of its latest quarterly cash deficit, as it doubles down on AI and cloud investments.
JB Hi-Fi Plunges 12% as Record FY26 Results Fail to Offset Soft July Sales
JB Hi-Fi shares dropped 12.31% to A$71.65 after record FY26 results were overshadowed by weak July sales, with comparable sales falling across all Australian banners.
Boeing's Apache Deals Highlight Defense Growth Amid Margin Squeeze
Boeing's confirmed Apache contracts total $7.43B, 8.7% of defense backlog, but defense segment posted an operating loss last quarter. Stock slips 0.2% premarket.
Hawaiian Electric Faces Investor Scrutiny After Storm Leaves 130K Oʻahu Customers in Dark
Hawaiian Electric (HE) faces investor scrutiny as 130,000 Oʻahu customers remain without power after Tropical Storm Lala, with restoration costs likely to pressure the utility's finances.
Apple's iPhone 18 Split Launch: A Premium Mix Test
Apple is reportedly launching iPhone 18 Pro models in fall 2026, with the standard model delayed to 2027. This split tests premium pricing power as iPhone generates 49.6% of revenue.
Magic Johnson Backs Record $12.5B Lakers Deal as MSGS Gap Nears $3.7B
Magic Johnson endorses the record $12.5B Lakers sale, while MSGS trades at a $3.7B discount to private valuations, with Rangers spin-off due by end of October.
Pixel 11 Price Hike Tests Alphabet's Strategy Amid Carrier Subsidies
Alphabet's Pixel 11 launch features a $100 price increase across the lineup, but aggressive preorder discounts from carriers and retailers could dilute the revenue benefit.


