Analysis: Must Read

Irrational Exuberance?

The AI boom has a cash-flow clock, but talking about an expiry date is slightly absurd simply because bubbles are said to have an average lifespan of three to five years. The real clue is who gets...

The Week's Best Reads: a fun shortage, a millionaire cashier and a new social class in South Korea

Fewer leisure options and pricier leisure activities are weighing on Americans. To lift spirits, MarketScreener's press review goes looking for the newly rich: employees of South Korea's semiconductor...

AI promised lower costs until the Fed opened the invoice

They teach you pretty early in economics that technology is supposed to be deflationary. Better tools make workers more productive, productivity raises potential growth, and over time the same unit of...

MarketScreener Odds and Ends: Trump, the trader-president?

Donald Trump is racking up stockmarket trades, Copenhagen keeps its title as the world's most livable city and all the gold ever known would fit into a sphere about thirty meters across.

Treasuries Face New Competition

Tech companies have kicked off a big race for capital to finance their pivot to AI.

Calm Before the Storm

The Q2 earnings season kicks off next week. Market expectations are even higher than they were at the start of the year, a setup that is bound to leave some investors disappointed. Major US banks,...

Erdogan center stage at the NATO summit

Long seen as a drag on the Atlantic Alliance, the host of the NATO summit is now indispensable.

When it's murky, there's trouble: why is Indonesia in the cellar?

After MSCI, S&P Dow Jones is now placing Indonesia under review. The IDX Composite is down over 31% since January, the worst performance amongst major markets. Jakarta is paying for its gray areas,...

Buy the rumor, sell the AI earnings ?

Samsung's results did not weaken the AI narrative. They showed that investors are no longer debating the strength of demand, but the durability of the earnings cycle. The question turns to whether the...

On Wall Street, a rally that is broadening

For several years, US markets had gotten us used to heavy concentration around a handful of mega caps. But the rally is starting to broaden.

Strategy Cracks Under Financial Pressure

Michael Saylor, the man who swore he would never sell his bitcoins, has just crossed a red line. Strategy sold more than $216m in BTC to meet its financial obligations.

One year after The Hague, NATO is still under pressure from the United States

In 2025, NATO allies had pledged to raise defense spending to 5% of GDP. But bigger budgets do not solve everything.

Microsoft's AI equation: 4,800 fewer jobs, billions more for GPUs

Microsoft said on Monday that it would cut 4,800 jobs, equivalent to about 2.1% of its global workforce. Xbox is among the divisions most affected, with 1,600 immediate job cuts and a broader...

Ali Khamenei's funeral, a show of force for Iran

Iran wants to present itself as the winner of the conflict with the United States.

This Week's Best Reads: Trips to Syria, Corsica, the US, the Rhineland, and space

Why AI could push interest rates lower, why small caps are back, why Europe is asleep at the switch as China advances… Here is our weekly selection of the most thought-provoking articles, financial...

Does the suspension of KNDS's IPO conceal a more serious problem?

In European financial markets, today's jolt is KNDS's surprise decision to suspend its initial public offering.

The Fed Is Taking Away the Market's Map

The June payroll surprise has revived the rates debate. But Kevin Warsh's larger shift is not about one data point: it is about asking investors to price more of the terrain themselves, and that...

Artificial intelligence enters the industrial age

Until now, the debate was often dominated by what AI could do: summarize, translate, code, generate images, answer questions, automate certain white-collar tasks. Now the question is becoming more...

The biggest structural macro shock expected in the coming years

Forget the Fed or geopolitics. The biggest macroeconomic shock likely to durably reshape the global economy and financial markets over the next few years could come from China.

Semiconductors on fire, oil has priced out the war, gold has fallen out of favor: a second quarter for the history books

The past three months have been intense for investors : the news cycle was packed and market moves were violent.

What energy exposure should you own if Hormuz reopens?

Last week the United States and Iran announced a framework deal to reopen the Strait of Hormuz, the vital shipping chokepoint handling 20% of global seaborne oil.