Articles by Daniel Marsh
SoFi Shares Dip as Truist Flags Concerns Beyond Lending
SoFi shares slipped to $15.75 after Truist lowered its price target to $17, citing concerns about the sustainability of its loan-platform and tech revenue.
Coterra Merger Concludes, Puts Devon Energy's Strategy to the Test
Coterra Energy shares stopped trading as its merger with Devon Energy closed, converting each share into 0.70 Devon share. The deal now tests Devon's ability to deliver on promised synergies.
Nasdaq Slides as Hot CPI Data Dents Rate Cut Hopes
U.S. stocks fell Tuesday after April CPI rose 0.6%, exceeding forecasts. The Nasdaq dropped 0.6% as energy costs surged and Treasury yields climbed, dampening hopes for Fed rate cuts.
Lululemon's Slump Tests Investor Faith in Turnaround Plan
Lululemon shares fell to a 52-week low as weak North America sales, margin pressure, and CEO transition uncertainty test investor patience.
Limerick City Council Approves 76-Unit Residential Development on Derelict Site
Limerick City and County Council has approved Thanos Securities' plan for 76 apartments on Catherine Street, clearing a long-derelict pub and nightclub site for housing. The project includes demolitions, refurbishment of protected structures, and a new six-storey building.
Indian Markets Plunge as Crude Surge and Rupee Record Wipe Out $115 Billion
Indian shares suffered their worst session in six weeks, losing $115 billion in market value, as surging crude prices and a record-low rupee deepened macroeconomic concerns.
Nasdaq Futures Dip as Oil Surge and CPI Data Test Wall Street Records
Nasdaq 100 futures fell 0.68% early Tuesday as traders braced for April CPI data and oil prices surged, threatening Wall Street's recent record highs. Goldman Sachs pushed its rate cut forecast to December.