Articles by Daniel Marsh
AEP Stock Sale Nears $3B as Data Centers Drive Utility Expansion
AEP's stock sale expands to nearly $3 billion as underwriters exercise options, supporting a $78B capital plan fueled by data-center and industrial load growth. Shares fell 3% on dilution concerns.
Wall Street Futures Tumble as Surging Oil, Yields Rattle Markets
U.S. stock futures fell sharply on Friday as Brent crude surged past $109 and the 10-year Treasury yield hit 4.54%, with the Nasdaq 100 sliding 1.56%. April retail sales matched forecasts, dimming Fed rate cut hopes.
Murano Global Shares Surge Premarket Amid Nasdaq Compliance and Debt Restructuring
Murano Global shares surged 67% in premarket trading Friday, but the company still faces an Oct. 5 deadline to meet Nasdaq's $1 minimum bid rule and is working through debt restructuring.
Upstart CEO's $1.38M Stock Buy Fuels 10% Rally
Upstart Holdings shares jumped 10.1% after CEO Paul Gu bought $1.38 million in stock, signaling confidence amid robust loan growth but rising losses.
Sandisk Warns Investors Against Below-Market Mini-Tender Offer
Sandisk advises rejecting Tutanota's unsolicited $1,150 per share mini-tender, significantly below the $1,382.72 closing price, citing below-market value.
AI Orders, China Policy, and Drug Data Drive Friday's Market Action
Cisco cuts nearly 4,000 jobs and raises revenue forecast on $5.3B in AI orders. Nvidia shares sensitive to China policy as H200 shipments approved but not delivered. Cerebras IPO debuts at $350. Boeing falls on lower China jet pledge. Biogen advances Alzheimer's drug despite mixed trial.
Oil Price Surge Revives ECB Rate Hike Bets, European Stocks Slide
European stocks declined Friday as stalled US-Iran talks pushed oil prices higher, reigniting inflation fears and expectations for ECB rate hikes. The STOXX 600 fell 0.8%.
WHP Global Acquires Marc Jacobs from LVMH, G-III to Co-Own Brand
LVMH sells Marc Jacobs to WHP Global after 30 years; G-III Apparel Group co-owns and operates the brand. Marc Jacobs stays as creative director. Deal valued at ~$500 million.
NANO Nuclear Energy Gains After $569M Cash Update and KRONOS Reactor Progress
NANO Nuclear Energy shares rose 2% to $27.54 after reporting $568.7 million in cash and progress on its KRONOS microreactor, with a narrowed quarterly net loss of $9.18 million.
Rackspace Stock Soars 26% on AMD AI Deal, But Debt Clouds Outlook
Rackspace shares surged 26% to $7.29 on an AMD AI deal and Q1 profit, though a non-GAAP loss and $2.3B in debt temper optimism.