Articles by Daniel Marsh
Grab Holdings Gains on Superbank Consolidation in Indonesia
Grab's stock climbed 1.6% to $3.56 after it consolidated Superbank in Indonesia, raising its stake above 50% and folding the lender's results into its financial-services segment from May 2026.
Blue Owl Capital Gains 5% as Private-Credit Demand Holds Steady
Blue Owl Capital shares jumped nearly 5% on Thursday, outpacing peers as private-credit demand remains steady despite ongoing sector concerns.
Dow Jones Hits New Peak as IBM Surges on Quantum Funding
The Dow Jones Industrial Average closed at a record high, lifted by a 12.4% surge in IBM following a proposed $1 billion U.S. quantum-computing award. Oil prices declined amid U.S.-Iran talks, and Walmart fell on consumer spending concerns.
Dow Jones Hits Record High as Oil Retreats, IBM Surges
The Dow Jones closed at a record 50,285.66 on Thursday, lifted by a 12.5% jump in IBM after it secured $1 billion in federal funding for a quantum-chip venture. Oil prices fell 2.3%, easing inflation concerns.
Bezos Calls for Eliminating Federal Income Tax for Bottom Half of Earners, Clashes with NYC Mayor
Jeff Bezos advocates for eliminating federal income taxes for the bottom half of U.S. earners, opposing NYC Mayor Mamdani's proposed tax on luxury second homes. The tax policy debate intensifies.
Eos Energy Surges 15% on First Deployment Under Cerberus-Backed Platform
Eos Energy Enterprises shares surged 14.7% to $8.16 after Frontier Power USA signed a deal to acquire 480 MWh of Texas battery-storage projects, the first deployment under its Cerberus-backed platform.
Sandisk Surges 10% on Tight NAND Supply and AI Demand Boom
Sandisk shares surged 10% after management said NAND flash supply will remain tight due to AI demand. Citi raised its price target to $2,025. Western Digital and Micron also rose.
Opendoor Stock Rises Amid Housing Market Struggles and Turnaround Hopes
Opendoor shares climbed 4.3% to $4.59 as the company reports adjusted EBITDA profitability on a forward basis, while U.S. housing data shows strain.
Sirius XM Shares Surge on Advertising Push and Content Deals
Sirius XM shares jumped 6.8% to $28.90, driven by a new NASCAR deal and CFO's conference comments, as Q1 subscriber losses beat expectations.
Keel Infrastructure Rises on AI Power Pivot
Keel Infrastructure shares rose 7.1% to $4.53, nearing a 52-week high, as investors bet on its shift from crypto mining to AI-focused power infrastructure.