Kevin Smith

TKMS soars after possible contract for 12 submarines with Canada

The Canadian government is said to be preparing to make official its selection of Germany's Thyssenkrupp Marine Systems (TKMS) as the preferred bidder to build 12 submarines, according to Canadian outlet The Globe and Mail.

06 July 2026 at 11:25 pm AEST

ASM International slides after naming a future CFO

ASM International falls 3.7% to EUR940 in Amsterdam, after its supervisory board announced it intends to appoint Chris Figee as a future management board member and chief financial officer (CFO), succeeding Paul Verhagen, who is set to retire next year.

06 July 2026 at 07:21 pm AEST

EasyJet Clears the Way for Castlelake's Fifth Bid, Shares Soar

The airline says the U.S. fund's proposal is attractive enough to consider recommending it, subject to finalizing the transaction terms. The stock is already up nearly 10% in London.

06 July 2026 at 07:10 pm AEST

Terafab, a disruptive project or a damp squib?

With Terafab, Elon Musk is taking another step in his industrial ambition. The head of Tesla and SpaceX is considering building a mega semiconductor plant in Texas, designed to compete with the industry's global leaders. It is a colossal project, commensurate with his companies' growing need for computing power, but it also raises plenty of questions about whether it can actually be delivered.

03 July 2026 at 06:12 pm AEST

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.

03 July 2026 at 12:53 am AEST

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.

02 July 2026 at 05:22 pm AEST

SpaceX: a $700bn float that could soak up Wall Street liquidity

With a market capitalization near $2,000bn and a free float that could approach 40% by year-end, versus roughly 5% today, SpaceX could theoretically represent up to $700bn in additional stock for the market to absorb in the coming months.

02 July 2026 at 05:05 pm AEST

Nike's full-blown slump

As Wall Street opens this afternoon, investor reaction to Nike's latest results is expected to be overwhelmingly negative.

01 July 2026 at 06:24 pm AEST

CME, Cboe, and ICE Slump Under the Threat of Perpetual Futures

Major derivatives exchanges are tumbling on the stock market following the CFTC's green light for bitcoin perpetual futures. These contracts, originating from the crypto world, allow investors to maintain exposure without rolling over their positions, a shift that could eventually challenge established listed derivatives.

01 July 2026 at 05:23 pm AEST

Cobalt Surge Delivers Windfall for Global Production Leader CMOC

The recent spike in cobalt prices has bolstered the market capitalization of Chinese giant CMOC, which alone accounts for approximately one-third of global production.

01 June 2026 at 01:04 am AEST

Government Contract for Anthropic Boosts Amazon Shares

Amazon stock traded higher on Monday following the announcement of a new strategic partnership between Anthropic and the State of California. The contract bolsters the commercial credibility of the artificial intelligence startup, in which Amazon is a primary investor.

30 June 2026 at 05:48 pm AEST

Scrapping of British Frigates: A Setback for BAE Systems

First the German frigates, now the British… Following the resignation of Prime Minister Keir Starmer, his likely successor at Downing Street, Andy Burnham, is expected to withhold funding for new destroyers. This is a blow for BAE Systems (-0.8%), which was the presumed frontrunner for the project.

29 June 2026 at 06:50 pm AEST

AI Memory: Three Threats Looming Over Micron, SK Hynix, and Samsung

Artificial intelligence promises a revolution, but it now relies on a strained link in the supply chain: memory chips. Hyperscalers are currently rushing to secure volumes, but prices are skyrocketing in the face of extremely constrained supply.

26 June 2026 at 05:44 pm AEST

Micron Smashes Expectations, Confirming Persistent Memory Scarcity Scenario

Micron Technology delivered results that significantly exceeded expectations, confirming the tightening conditions in the DRAM and NAND memory markets. The most advanced versions of these chips, such as HBM, have become essential components of artificial intelligence infrastructure. Third-quarter fiscal revenue reached $41.46bn, compared to the $35.91bn expected and $9.30bn a year earlier. Adjusted earnings per share came in at $25.11, well above the consensus estimate of $20.86.

25 June 2026 at 05:11 pm AEST

U.S. Homebuilders Boosted by Bipartisan Housing Legislation

American homebuilders are seeing a sharp resurgence in market favor following Congress's passage of the most significant federal housing affordability legislation in decades. The 21st Century ROAD to Housing Act was approved by broad bipartisan majorities, aiming to address the structural housing deficit currently burdening American households.

25 June 2026 at 05:07 pm AEST

SpaceX Bets on Investors' Limitless Faith in Elon Musk

Fans of initial public offerings and the flamboyant, if not controversial, Elon Musk had better have a strong stomach.

25 June 2026 at 05:01 pm AEST

KNDS Goes Public: Analyzing a Strategic Listing

The announced IPO of the Franco-German defense group comes at an opportune moment for the European defense sector, which has emerged from a long period of lethargy into a state of high-intensity activity.

25 June 2026 at 12:04 am AEST

Nike recruits its new chief financial officer from Pfizer

Nike announced on Tuesday evening the appointment of David Denton, Pfizer's current chief financial officer, as the group's chief financial officer, with his new role set to take effect on August 16.

24 June 2026 at 07:12 pm AEST

What if the market is signaling a clear pause in the AI rally for the summer?

With the stock market explosion of AI-related names in recent months, the Momentum, High Beta, and Growth factors from S&P have outperformed the broader U.S. market at an extreme pace over the last four months, increasing the risk of a technical "blowback."

24 June 2026 at 05:01 pm AEST

Palantir Forges AI Marketing Partnership with Zeta Global

Palantir, the American predictive AI giant, announced Tuesday a strategic partnership with New York-based Zeta Global aimed at creating a unified data and artificial intelligence infrastructure for the marketing sector.

24 June 2026 at 12:34 am AEST

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 point with the election of Abelardo de la Espriella this past weekend.

23 June 2026 at 05:46 pm AEST