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...

Costco still notes resilient US consumer demand despite gasoline

After the pickup in April and May, Costco sales are still running strong in June, even though US momentum is showing a slight normalization.

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.

Fed minutes reveal divisions over the path of interest rates

The minutes of the June meeting show a committee that is split between the possibility of a rate cut or a rate hike, depending on how inflation evolves. They also confirm the determination of the...

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.

Warsh's Fed Caught Out by Inflationary Expectations

American households are sending an uncomfortable signal to the Federal Reserve. According to the New York Fed's June survey, median one-year inflation expectations rose by 0.2% to 3.7%, their highest...

Productivity and AI: mirage or reality?

Between technological promise and macroeconomic reality, AI is starting to move the productivity needle, but in a still highly concentrated way.

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.

Why China's growth looks different from the previous decade

China's economy has been on shaky ground since Beijing put in place its ''three red lines'' to deflate the property bubble. The tightening of financing conditions in 2020 broke demand, drove down...

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.

Can you invest in defense responsibly?

Reconciling responsible investing, human rights and the defense industry? At first glance, the mission sounds like an oxymoron. But LBP AM's managers appear ready to take up the challenge. 'Our...

BofA raises its STOXX 600 target, but with a note of caution

BofA has raised its year-end target for the pan-European STOXX 600 index to 630 points, from 595 previously, an updated target that nonetheless implies downside potential of about 3% for the second...

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.