Articles by Daniel Marsh
GE Vernova Gains on Italian Wind Deal and $30M Grid Plant Investment
GE Vernova's stock advanced following new Italian contracts for wind turbines and grid equipment, alongside a $30 million manufacturing expansion near Milan.
Indian Markets Plunge on Oil Surge, Rupee Hits Record Low
Indian equities extended losses for a fourth consecutive session on Wednesday, driven by a sharp spike in oil prices and geopolitical tensions. The rupee tumbled to a historic low beyond 92 against the US dollar.
SanDisk Rebounds 4% as Geopolitical Fears Ease, AI Demand Supports
SanDisk shares climbed roughly 4% in early Wednesday trading, recovering a portion of the prior session's steep 8.7% decline. The rebound followed reports of diplomatic outreach from Iran and comments aimed at stabilizing oil markets.
Transocean Executives Sell Shares to Cover Tax Obligations Amid Merger Push
Transocean Ltd's CEO and three top executives sold company shares this week to satisfy tax withholding requirements following the vesting of equity awards, according to SEC filings. The sales occurred as Transocean progresses with its $5.8 billion all-stock takeover of Valaris.
Bank of America Redeems $2.8B in Notes Amid Rate Uncertainty
Bank of America announced the early redemption of $2.8 billion in U.S. dollar, euro, and yen notes maturing in 2027. The move comes as markets reassess interest rate trajectories and bank financing expenses.
Itaú Unibanco to Distribute Fractional Share Sale Proceeds on March 10
Itaú Unibanco will pay shareholders proceeds from a recent fractional share sale on March 10. The sale involved bundled shares auctioned on Brazil's B3 exchange.
Venture Global Stock Soars on Court Win, LNG Supply Deals
Venture Global shares jumped over 8% after a court rejected Shell's challenge to an LNG arbitration ruling. The company also reported a 191% surge in adjusted core profit and signed a new supply agreement.
Nu Holdings Secures Inter Miami Stadium Naming Rights Amid U.S. Banking Expansion
Nu Holdings has entered a multiyear partnership with Inter Miami CF, securing naming rights for the club's new stadium set to open in 2026. The move comes as the company advances its U.S. banking ambitions.
Blue Owl Shares Slide Amid Private Credit Liquidity Fears, Insider Filings
Blue Owl Capital shares declined sharply, dropping below their $10 listing price, driven by ongoing liquidity worries in private credit and new regulatory filings indicating insider activity. The stock was indicated down approximately 3.8%.
Delixy Holdings Soars 158% in After-Hours on Middle East Supply Disruption
Delixy Holdings shares skyrocketed 158% in extended trading Tuesday, reversing a steep intraday loss, following a major supply disruption in the Strait of Hormuz that sent oil prices higher.
GSK Advances Pipeline with $2.2B RAPT Buy, Continues Share Repurchases
GSK shares gained after finalizing its $2.2 billion purchase of RAPT Therapeutics, acquiring a Phase IIb food allergy candidate, and disclosed further share repurchases as part of an ongoing program.
UK Bank Stocks Tumble as Oil Spike Dampens Rate Cut Hopes
Shares of Barclays and HSBC dropped approximately 4.5% in London trading, pressured by rising oil prices and diminished prospects for near-term Bank of England monetary easing.