Articles by Daniel Marsh
Columbia Threadneedle Manager Buys LSEG, Dismisses AI Threat as Overstated
David Moss, manager of Columbia Threadneedle UK High Income trust, has bought shares in LSEG, dismissing AI fears as overblown. The trust trailed its benchmark with an 18.3% return.
Wall Street Hits Records; Dell's AI Revenue Surge Sparks After-Hours Rally
The S&P 500, Nasdaq, and Dow all closed at record highs Thursday. Dell surged 39% after hours on boosted AI-server revenue outlook, while PCE inflation hit 3.8% and GDP growth was revised lower.
Red Cat Soars 32% on Maritime Drone Production Plans and Sector-Wide Rally
Red Cat shares jumped 32% to $14.15 in after-hours trading Thursday, driven by news of full-rate production for its Blue Ops maritime drone and a broader rally in drone stocks.
Ambev Shares Dip as Goldman Sachs Warns of Limited Price Hike Potential
Ambev shares dropped 1.9% to 16.29 reais as Goldman Sachs flagged limited room for further price hikes, while BTG Pactual upgraded the stock to buy.
Bradesco Shares Dip on BRB Rescue Plan Participation
Bradesco's preferred shares dipped 0.3% to R$17.95 as the bank joins a syndicate backing a credit deal for Banco de Brasília, while the Ibovespa fell 0.39% on rate concerns.
S&P 500 and Nasdaq Rise as Dow Slips on Inflation Data and Ceasefire Hopes
The Dow slipped 0.08% Thursday, lagging the S&P 500 and Nasdaq, which rose on U.S.-Iran ceasefire hopes. Core PCE inflation hit 3.3%, and GDP growth was revised down to 1.6%.
Wall Street Mixed as Tech, Healthcare Lift S&P 500 and Nasdaq to Fresh Records
The S&P 500 and Nasdaq extended their record runs, driven by tech and healthcare stocks, as reports of a potential U.S.-Iran ceasefire lifted sentiment. The Dow edged lower, and inflation data remained elevated.
Joby Aviation Shares Surge 6.5% Amid Air-Taxi Sector Momentum
Joby Aviation shares climbed 6.5% to $12.23 on Thursday, outperforming the broader market, with no new company announcements. The stock's rise reflects continued investor focus on the air-taxi sector's potential.
AeroVironment Shares Surge on Drone Funding Hopes and Air Force Deal
AeroVironment shares surged over 17% on a $20 million Air Force contract and speculation of U.S. government funding for domestic drone producers, lifting the sector.
Grab Stock Slips on Indonesian Bank Stake Concerns
Grab shares declined 1.8% in New York as the market reassesses the company's digital banking expansion in Indonesia, with Superbank set to become a consolidated subsidiary.
Entergy New Orleans Secures $90M in Bond Sale Ahead of Hurricane Season
Entergy New Orleans raised $90 million via a private placement of first mortgage bonds, with proceeds likely earmarked for storm hardening and capital spending ahead of the Atlantic hurricane season.
Lilly Expands Vaccine Portfolio with $3.83B Triple Acquisition
Eli Lilly acquires Curevo, LimmaTech, and Vaccine Company for up to $3.83B, gaining vaccine candidates for shingles, staph, and Epstein-Barr virus. Shares rose 5%.