Analysis: Must Read

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.

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.

A Quantum Leap: The Technology Trying to Reinvent the Computer

For decades, computers have kept getting more powerful. Yet some problems remain out of reach, even for the most advanced supercomputers. This is where quantum computing comes in: a technology that is...

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...

The ABCs of Financial Analysis: Calculating Real Profit

The orthodoxy of financial theory, and sound logic, dictates that the value of an asset stems primarily from the free cash flow it will generate for its owner over its useful life.

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...

Weekly Earnings Calendar: Micron Stands Alone

Welcome to the corporate earnings calendar for the week of June 22 to 26, 2026. Key announcements this week include FedEx, Paychex, Alimentation Couche-Tard, Carnival Corporation, Bunzl plc, and...

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...

After 23 Years of Dominance, BlackRock no Longer the ETF King in the US

For the first time since 2003, Vanguard has overtaken BlackRock as the leading issuer of ETFs in the United States.

Hormuz: The Hidden Cost of Dependency

The conflict involving Iran has served one primary purpose: reminding us that globalization still relies on very real and highly vulnerable physical bottlenecks. The Strait of Hormuz measures barely...

From Evian to Versailles, Three Days Transatlantic Relations Thawing

The Evian G7 summit served as a moment of convergence amongst Allies. However, it remains far too early to determine whether this sequence will be a mere footnote or a genuine turning point.

Macron brings on the works to keep Trump at the table

Following the G7 summit in Evian, Emmanuel Macron reserved a quintessentially French final stop for Donald Trump: a dinner at the Palace of Versailles. The American president was welcomed Wednesday...