Analysis: Must Read

Asset Management: Revenues Driven by Markets, but a Model Under Pressure

Market gains continue to single-handedly prop up revenue growth for asset management firms. Behind this momentum, margins have remained stagnant since 2010. Boston Consulting Group's latest annual...

Have Markets Already Priced in a Peace That Does Not Yet Exist?

Financial markets never value the present alone. They seek to anticipate the next move, the next inflection point, and sometimes even the next collective illusion. This is precisely what makes the...

Massive AI Investment Bolsters US GDP

Real gross domestic product in the United States grew at an annualized rate of 2.0%, according to the advance estimate from the Bureau of Economic Analysis . This follows a modest 0.5% increase in Q4...

Market Miscellany: Apple changes its core, as AI assigns the roles

Artificial intelligence is writing two opposing stories in the same week. It is crushing Chegg, forced into a turnaround after a 99% collapse, while simultaneously propelling the S&P 500 to new...

Munich Re: When Risk Becomes a Business

In a world marked by rising climatic, cyber and geopolitical risks, Munich Re remains unperturbed. The global leader in reinsurance views risk as a source of profit.

Fed remains on hold as Powell defends institutional independence

Jerome Powell's press conference brought no major shift to the monetary trajectory, but it reinforced the more cautious tone of the earlier policy statement. The Fed maintained interest rates within a...

Fed keeps rates unchanged but toughens stance on inflation

The US Federal Reserve kept its benchmark interest rates unchanged on Wednesday within a range of 3.50% to 3.75%, as widely expected. However, the accompanying statement proved less comforting for...

Kevin Warsh moves closer to Federal Reserve chairmanship after key vote

The Senate Banking Committee has approved the nomination of Donald Trump-backed Kevin Warsh, amid political and economic friction surrounding US monetary policy.

The Retail Blind Spot: P/E vs. FCF Yield

Most investors focus on a handful of financial ratios. However, the most common ones often harbor flaws. In this series of articles, we will review these limitations to help you make more informed...

The ECB in the starting blocks

Faced with the return of inflation, the ECB has so far been content to toughen its rhetoric, letting the market do the heavy work. However, this game can only last so long.

The final meeting for Jerome Powell?

Jerome Powell has yet to decide whether he will remain a governor or resign upon the arrival of his successor.

Where has Chinese AI gone?

On January 27, 2025, an unknown app took the top spot on the US App Store. Named DeepSeek and hailing from Hangzhou, it was free. In its wake, the Nasdaq tumbled 3%, Nvidia shed 17% in a single...

2025: A Record Year for Global Military Spending

According to the report released yesterday by the Stockholm International Peace Research Institute , the leading authority on the subject, humanity has never devoted as much capital to arming itself...

Why a French Weather Sensor is at the Heart of a Crypto Scandal

Could a simple weather sensor, tucked away on the tarmac at Roissy, have been enough to turn a few euros into nearly EUR30,000? On April 6, an abnormal temperature reading was recorded, a threshold...

Earnings Calendar for the Week: A Star-Studded Lineup on the Markets

Welcome to the corporate earnings calendar for the week of April 27 to May 1, 2026. The highlights this week include results from Microsoft, Exxon Mobil, LVMH, Alphabet, TotalEnergies, Airbus, Meta...

Beyond Oil: Other Commodities Impacted by the War in Iran

The war in Iran has already driven up the prices of several commodities. In a context where the fluidity of international trade can no longer be taken for granted, identifying the dependencies of...

SpaceX, OpenAI, Anthropic: Blockbuster IPOs on the Horizon, but Still No Profits

The exceptional valuations reached by SpaceX, OpenAI and Anthropic will soon face the scrutiny of public markets, which are inherently more transparent and less patient.

The Fed: A high-stakes baton pass from Powell to Warsh

As Jerome Powell prepares to step down as Chair, the Fed is having to navigate a sensitive transition balancing inflation, politics and monetary independence.

Department of Justice drops investigation into Jerome Powell

The US Department of Justice has announced that it is closing its criminal investigation into Federal Reserve Chair Jerome Powell, ending a probe related to the funding of the Fed's headquarters...