Articles by Daniel Marsh
Rising Dragon Stock Skyrockets on SPAC Extension Proposal
RDAC shares soared 400% to $21.72 on news of a proposed deadline extension for its HZJL SPAC merger, with a shareholder vote scheduled for May 28.
Upstart Shares Slip on Fortress Loan Deal as Investor Caution Lingers
Upstart shares fell after announcing a $1.25 billion loan purchase deal with Fortress Investment Group. Despite strong 2025 results, investors remain cautious about funding risks.
McDonald's Enters Specialty Drink Wars with New Refresher and Craft Soda Lineup
McDonald's will introduce six specialty drinks, including Refreshers and crafted sodas, on May 6. The move aims to capture afternoon traffic and boost margins.
Dow Drops for Fifth Straight Session as Oil Surge, Fed Decision Loom
The Dow Jones Industrial Average fell 320 points as traders braced for the Fed's rate decision, big tech earnings, and an oil shock from a potential Iran blockade.
NIO Shares Surge 8.7% as Onvo L80 SUV Pre-Sales Begin
NIO stock surged 8.7% in Hong Kong after its Onvo brand began pre-sales for the L80 large electric SUV, priced from 245,800 yuan. The launch follows NIO's first quarterly net profit.
Citi's $52 Million Hire Faces New Questions Ahead of Investor Day
Citigroup's high-profile $52 million hire of Vis Raghavan is under new scrutiny after reports he was ousted from JPMorgan amid years of complaints, just ahead of Citi's May 7 investor day.
NZX 50 Edges Higher as Fisher & Paykel and Utilities Offset Travel and Dairy Weakness
New Zealand's S&P/NZX 50 managed a slight gain on Wednesday, rising 0.05%, as strength in Fisher & Paykel Healthcare and utility stocks countered losses in travel and dairy sectors.
Irish Stocks Edge Up as Glanbia Surge Offsets Ryanair Warning
Glanbia's 10.84% jump on strong Q1 revenue boosted the ISEQ All Share 0.59%, offsetting a 1.04% drop in Ryanair after a fare warning, as European markets slipped.
