Analysis: Must Read

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.

The French auto market posts a sharp rise in June

According to La Plateforme Automobile, in June, registrations of new passenger cars jumped 11.37% in France, for a total of 188 787 units on a raw-data basis. It should be noted, however, that June...

The Price of High Margins

At the end of the day, someone has to pay for them.

Market Mid-Year Review: Winners and Losers

The market remains bullish in this first half of the year, but jitters are never far away. Here is our assessment of the hits and misses from the first six months of 2026.

AI's picks and shovels: the investment case moves down the value chain

After the first wave of enthusiasm for model builders, investors are increasingly trying to isolate the segments of the AI supply chain where scarcity, pricing power and free cash flow may ultimately...

The Week's Best Reads: Trump's Dwindling Allies and the Great Air Conditioning Debate

France's heatwave has triggered a fierce debate over air conditioning, leaving many Americans wondering what there is to debate. However, air conditioning is not the only issue where Europeans and...

A Brief Respite for U.S. Inflation

The resolution of the Middle East conflict has sidelined the most dire inflationary scenarios. However, the debate over interest rate hikes remains far from over.

What does a $1 trillion valuation actually mean for OpenAI and Anthropic?

Is AI really a productivity revolution? Can companies building it turn its vast usage into vast free cash flow? Artificial intelligence is being sold as a productivity engine for the global...

Amrize Still Has to Prove Its Worth

Born from the spin-off of Holcim's operations, Amrize has inherited the Swiss cement giant's American exposure. The group benefits from a buoyant market, genuine pricing power, and growth potential...

SpaceX, Reflection AI and the Compute Boom: When AI Starts Looking Like Heavy Industry

The latest signal from the artificial-intelligence boom is not a new chatbot, a consumer application or a software feature, but a multibillion-dollar compute agreement that underlines how physical the...

The War is Over, but Rate Hikes are Still on the Table

Energy prices have plummeted over the last month, sidelining the most dire inflationary scenarios. However, investors are now bracing for a more hawkish Federal Reserve.

Brexit: Ten Years Later, the Bill Comes Due

Ten years after the 2016 referendum, the United Kingdom is marking its Brexit anniversary. The cake is on the table, the old red bus sits in the corner, and no one seems particularly eager to cut the...

Pro-Market Wave Sweeps Colombia, Brazil Now in Focus

The liberal shift continues across Latin America. Following the election of Javier Milei in Argentina in 2023, and Jose Antonio Kast in Chile last December, Colombia has now reached its own turning...

What Kevin Warsh's Arrival Means for the Fed and the Markets

Kevin Warsh's appointment to lead the Federal Reserve represents more than just a change in leadership. The former Fed Governor, who served from 2006 to 2011, has already begun to dismantle the...

EU Car Sales Rose in May

According to data from ACEA , new passenger car sales increased by 3.2% in May 2026 compared with the same period a year earlier, totaling 955,013 units....

The Pro-Market Wave Sweeps Into Colombia, Brazil Now in the Crosshairs

The liberal turn is continuing across Latin America. After Javier Milei’s election in Argentina in 2023, followed by José Antonio Kast’s victory in Chile last December, Colombia has now...

What Kevin Warsh's Arrival Changes for the Fed and Markets

Kevin Warsh's arrival at the helm of the Federal Reserve is not just a change of face. The former Fed governor, who served from 2006 to 2011, has already begun to upend the institution's norms.

Switzerland Loses Top Spot in World Competitiveness Ranking to Singapore

Key Takeaways: - Switzerland falls to third place in the IMD World Competitiveness Ranking. - Singapore claims the top position, followed by Hong Kong in second. - The Swiss decline is attributed to...