Articles by Daniel Marsh
Amazon Earmarks $1.9B for Delivery Network, Stock Dips 0.6%
Amazon will invest $1.9 billion in its contracted delivery network for 2027, raising average driver pay to about $24 per hour. Shares fell 0.6%.
Viking Surges 24% as Monthly VK2735 Retains 85% Weight Loss
Viking Therapeutics (VKTX) soared 24% premarket after monthly VK2735 dosing preserved 85% of prior weight loss, signaling strong potential for its obesity pipeline.
Radisson Mining's 68.24 g/t Gold Hit Lacks Market Reaction
Radisson Mining's shares barely moved after a headline 68.24 g/t gold intercept, as concentration in two one-metre samples and thin trading volume left investors cautious.
Felix & Paul Studios Files Bankruptcy with $34.5M Debt, Assets Sold for $350K
Montreal immersive-media firm Felix & Paul Studios filed for bankruptcy with $34.5M in liabilities. A $350K asset sale preserves five jobs, while National Bank of Canada holds a $3.1M secured claim.
Nvidia Rises 2.3% Ahead of Xi Visit, But AMD and Intel Outshine
Nvidia closed at $227.38, up 2.30%, but underperformed AMD and Intel. The White House will host Xi Jinping on September 24, with Nvidia's guidance assuming zero China data-center revenue.
UK August Borrowing Blows Past Forecast by £3.5B
Britain borrowed £18.3bn in August, £3.5bn more than the OBR expected, lifting the fiscal year-to-date deficit £8.1bn above plan and raising the stakes for the October 28 Budget.
Microsoft's $175B AI Bet Sparks Analyst Divide: $608 Bull vs. $440 Bear Case
Microsoft closed at $501.61 after Cantor raised its target to $608, while Redburn cut to $440, reflecting a $175B capex debate.
Fidelity Cuts FEPY Monthly Payout to C$0.21966
FEPY will pay C$0.21966 per unit on September 30, a 1.3% decline from August. The fund's trailing yield stands at 9.19%.
Wabtec Lands $700M Guinea Rail Deal After Hours
Wabtec signed a $700M+ rail-services agreement for Guinea's Simandou iron-ore project after Monday's close, equal to 2.3% of its June backlog.
Titan's A$1.15 Bid Sends Global Lithium Up 50%, Spread at 15%
Global Lithium (ASX:GL1) jumped 49.9% to A$0.997 after Titan Australia offered A$1.15 per share, leaving a 15.3% spread as investors weigh deal risks.
Ryan Cohen Boosts GameStop Stake with $26.4 Million Share Purchase
GameStop CEO Ryan Cohen purchased 1,150,680 shares for $26.39 million, increasing his beneficial stake to 8.7%. The stock rose 3.21% in after-hours trading.
Robinhood Rallies 2.9% as Bernstein's $160 Target Defies 54.5x P/E
Robinhood rose 2.9% to $123.30, extending a two-day gain of 12.3%. Bernstein's $160 target implies 29.8% upside, but the stock trades at 54.5x trailing earnings.