Articles by Daniel Marsh
Porter's Fuel Loan: A Tale of Two Figures
Porter Airlines' emergency fuel loan is reported at C$125 million or C$150 million, a discrepancy that underscores fuel cost pressure on Canadian carriers. Investors see wider divergence between Transat and Air Canada.
Gas Prices Surge Past $4.30: Murphy USA's Margin Outlook in Focus
U.S. gas prices surge past $4.30 as AAA and GasBuddy report differing averages. Murphy USA (MUSA) faces a margin test as fuel costs rise.
Mortgage Rate Divergence: Daily Index Hits 7.22%, Weekly Average at 6.76%
Mortgage shoppers face conflicting rate headlines: daily index at 7.22% vs weekly average 6.76%. Here's why both are accurate and what it means for borrowers.
India's UPI Merchant Fee: Paytm's Revenue Boost Questioned
India's new 0.4% UPI merchant fee on large transactions creates a revenue pool, but Paytm's actual benefit is unclear due to exemptions and cost-sharing.
Ronaldo-Linked Group Eyes Al-Nassr Stake; PIF Yet to Confirm Bid
Reports suggest a consortium involving Cristiano Ronaldo and RedBird's Gerry Cardinale may bid for Al-Nassr, but no formal offer has been made. PIF's privatization of Saudi clubs continues.
Harbour Air-Pacific Coastal Merger to Create 59-Aircraft Regional Carrier
Harbour Air's acquisition of Pacific Coastal Airlines will create a 59-aircraft regional network in British Columbia, pending regulatory approval. Financial details undisclosed.
NY Energy Rebate Checks Mailing Sept. 21; Not Utility Credits
New York will mail $1 billion in energy-rebate checks starting Sept. 21, with up to $200 for eligible households. The state-funded payments are not utility credits and won't directly reduce past-due balances at Con Edison (ED).
CBO: Iran Conflict Costs $38B, Inflation and Rates Rise
CBO estimates $38B in Iran combat costs, with $2-3B monthly tail. Inflation and Treasury rates rise. Defense stocks LMT, RTX see modest gains.
Qorvo Merger Arbitrage Tightens to 0.5% as Bond Exchange Hits 90%+
Qorvo's merger-arbitrage spread narrowed to 0.5% as bond tenders exceeded 90%, but regulatory clearances remain pending.
Centrica Faces Winter Bill Surge and Rising Bad Debt
UK households may see energy bills jump 25% in January, pushing typical costs above £2,000. For Centrica, the owner of British Gas, this creates both opportunities and risks.
UK PIP Caseload Hits 4.1M, Adding Pressure on Autumn Budget
Britain's PIP caseload hit 4.1 million in July, up 2% in three months, intensifying pressure on the autumn budget and gilt market sentiment.
Transocean Secures $80M Drilling Deal; Oil Spike Fails to Boost Dayrates
Transocean adds an $80M contract for 2027, but analysts note oil price spikes don't immediately translate into higher dayrates. RIG shares surge 7.8% on optimism.