Articles by Daniel Marsh
Marvell Soars on Amazon AI Chip Expansion, S&P 500 Entry
Marvell Technology jumped 7.27% on reports Amazon Web Services may sell its Trainium AI chips to third parties, boosting Marvell's networking prospects. KeyBanc raised its price target to $385, and Marvell joins the S&P 500 on June 22.
Save Mart Shuts Two Lucky California Stores Amid Margin Pressures
Save Mart will close Lucky California stores in Danville and San Francisco due to underperformance, continuing a trend of grocers trimming weak locations.
Transocean Shares Slide 5.9% as Oil Price Drop Overshadows $185M Contract Backlog
Transocean shares tumbled 5.9% to $5.25 as oil prices fell on a US-Iran deal to reopen the Strait of Hormuz, overshadowing $185 million in new contract backlog.
Defense Stocks Slide as U.S.-Iran Deal Eases Geopolitical Risk
Lockheed Martin shares dropped 4.1% as defense stocks underperformed a rising market amid a U.S.-Iran interim deal that reduced geopolitical risk, with sector peers also declining.
Qnity Electronics Surges 7% in Broad Semiconductor Rally
Qnity Electronics climbed 7.2% in heavy trading as semiconductor suppliers rallied broadly ahead of the Juneteenth market closure.
Tech Rally Lifts Wall Street; Chip Stocks Surge on Apple-Intel Deal
U.S. stocks rose Thursday, powered by a semiconductor rally after Trump announced an Apple-Intel chip partnership. The Nasdaq climbed 1.48% as oil prices dropped, easing inflation concerns. Markets are closed Friday for Juneteenth.
CervoMed Shares Surge on Patent News, Then Retreat After $10M Stock Offering
CervoMed shares surged to $7.75 after a U.S. patent allowance for neflamapimod in pure DLB, but gave back most gains after announcing a $10 million stock offering at $4 per share. The stock last traded at $4.14, up 8.7%.
Mortgage rates dip on Iran deal, but Fed stance limits relief
U.S. mortgage rates edged lower on the Iran deal but the Fed's cautious stance limits further drops, offering homebuyers only modest savings.
Grab stock rises 2.6% as buyback, margins offset revenue concerns
Grab shares climbed 2.6% to $3.54 on Q1 profit gains and a $500 million buyback, even as a below-forecast 2026 revenue outlook weighed. Volume exceeded 35 million shares.
Bezos Reportedly Called Washington Post 'Worst Investment' to Trump
A forthcoming book alleges Jeff Bezos told Donald Trump in December 2024 that buying The Washington Post was his worst investment, amid major layoffs and business struggles.
STRC Preferred Shares Slide, Threatening Strategy's Bitcoin Funding Model
Strategy's STRC preferred shares dropped to $82.61, threatening its ability to cheaply raise cash for bitcoin and raising risks of higher dividends or dilution.