Articles by Daniel Marsh
BoE Holds Rates at 3.75%, Unveils Long-Term Gilt Reduction Plan
The Bank of England held rates at 3.75% and announced a plan to reduce its gilt holdings by £368 billion by 2034. Inflation expectations were revised higher.
Cipher Advances 16% as ERCOT Grid Classification Fuels Rally
Cipher Digital stock jumped 16% after ERCOT classified 3.2 GW of Texas data-center demand, awarding conditional base-load status to 1.1 GW. The market sees a clearer grid path, but 2.1 GW still awaits study.
Trump's EU Tariff Threat Over Canada Leaves Markets Unfazed
Trump's conditional tariff threat on Europe over Canada-EU ties drew a muted market response, with European equities edging higher and the euro stable.
Generac's Amazon Deal: $2.4B Deliveries, $8B Warrant Trigger
Generac's Amazon agreement includes $2.4B in expected deliveries for 2027-2028, while the $8B figure is a warrant vesting threshold, not an order commitment. Shares surged 35% premarket.
onsemi's 2030 Targets Fail to Impress, Shares Slide 9%
onsemi's 2030 growth plan, featuring $3.5B free cash flow and 53% gross margins, was met with a 9% stock selloff as investors question execution.
Pokémon Anniversary Launch Drives In-Store Traffic for Best Buy
Pokémon's 30th-anniversary card launch drew long queues at Best Buy stores, testing whether the retailer can convert collector demand into sustained foot traffic and sales.
ASX 200 Rebounds Strongly as Banks Rally Despite Fed Rate Hike
The ASX 200 closed 0.41% higher at 8,732.4, defying a 0.8% futures drop, as big banks rallied. NAB, ANZ, CBA, and Westpac all posted gains.
Stellantis Stock Hovers Near 52-Week Low on Weak Margins
Stellantis stock tests 52-week low amid downgrades and thin 1.8% operating margin, despite revenue growth.
Mortgage Demand Slips 4.1% as 30-Year Rate Nears 7%
Mortgage applications dropped 4.1% last week as the 30-year rate rose to 6.97%, with purchase demand 19% below last year and refinancing down 65%.
Corinthians' Cash Crunch Deepens After Libertadores Exit
Corinthians cleared overdue wages just before a Libertadores loss, missing a $2.3M prize. The club's first-half deficit of R$246M highlights severe financial strain.
IMF Urges Fiscal Restraint as RBA Rate Hike Bets Surge to 87%
The IMF urges Australia to curb spending as traders see 87% odds of an RBA rate hike on Sept 29. A move to 4.60% would lift mortgage payments and pressure consumer spending.