Justin Emerson

Delta Air Lines Sees EPS Dip Slightly Less Than Expected

Delta Air Lines reported non-GAAP EPS down 26% to $1.56 for its June 2026 quarter, although slightly above the consensus of $1.53, along with an operating margin of 8.8%, down from 13.3% a year ago.

July 10, 2026 at 06:18 pm IST

French tycoon Niel dials up Vodafone

Xavier Niel has spent decades unsettling Europe's telecoms establishment. Now the French billionaire is becoming its most powerful shareholder, taking a 16.2% stake in Vodafone in a £4.4bn ($5.9bn) deal that sent the British group's shares up by around 11%.

July 10, 2026 at 01:28 pm IST

Memecoins: When Internet Jokes Hit the Big Time

A Japanese dog, an anonymous fisherman and a cartoon frog walk into a market. It sounds like the start of a bad joke. It is one, it has cost tens of billions of dollars, and the punchline is playing out at the White House.

July 09, 2026 at 07:54 pm IST

European defense: why the markets are no longer getting carried away

European defense stocks are no longer benefiting from the enthusiasm that followed announcements of the continent's rearmament. While military budgets continue to rise, investors are now more demanding, favoring companies that can innovate quickly in drones, robotics, or military software, rather than large cooperative programs that have shown their limits.

July 09, 2026 at 03:05 pm IST

Oil vs LNG: AlphaValue Sees Energy Paths Moving Further Apart

AlphaValue has published a sector study on the LNG market: "2050: A Gas Odyssey". Global LNG (liquefied natural gas) demand is expected to rise from 422 Mtpa (million tonnes per year) in 2025 to nearly 700 Mtpa by 2050, an increase of 65% over the period. South and Southeast Asia account for about 40% of that growth.

July 09, 2026 at 02:43 pm IST

Fidelity International: "ETF investors are once again favoring US equities"

The European UCITS ETF market was still on the up in June. Net inflows of $44.9bn exceeded their 3-month and 12-month averages. Investors' renewed interest in the United States was one of the month's key developments. Equity ETFs with US exposure drew in $14.6bn, the highest intake amongst the various equity regions, extending a trend seen throughout Q2.

July 09, 2026 at 02:26 pm IST

Lufthansa hits turbulence, analysts grow concerned

Despite the stock's recent rebound (+13% in one month, +27% in three months), analysts' views on Lufthansa remain mainly cautious. Citi has downgraded the stock to 'sell', while Morgan Stanley is maintaining its 'underweight' rating. Meanwhile, UBS notes an improvement in investor positioning, with the analyst not questioning the group's underlying reservations. The airline stock is down over 5% today in Frankfurt as jet fuel prices jump again after the announcement of the end of the ceasefire between Iran and the United States.

July 08, 2026 at 08:13 pm IST

When it's murky, there's trouble: why is Indonesia in the cellar?

After MSCI, S&P Dow Jones is now placing Indonesia under review. The IDX Composite is down over 31% since January, the worst performance amongst major markets. Jakarta is paying for its gray areas, from tiny free floats and poorly identified shareholders to the risk of being downgraded in the world's major indices.

July 08, 2026 at 04:17 pm IST

Broadcom extends its commercial agreement with Apple, shares rise

Broadcom is starting the week on the right foot, up 6% to $382 on Wall Street, cheered by an encouraging announcement for the semiconductor supplier's business outlook over the coming years.

July 06, 2026 at 07:33 pm IST

The S&P 500 wraps up a historic quarter

Between tensions in the Middle East, questions about the profitability of massive AI investment, and fears of sustainably higher rates, the U.S. market had plenty of reasons to stall. Instead, it did the opposite.

July 02, 2026 at 01:53 pm IST

MLCC Prices Surge as AI Supply Chain Faces New Bottleneck

The massive wave of investment in artificial intelligence servers continues to strain increasingly broad segments of the electronics supply chain. Following GPUs, HBM memory, and advanced substrates, multi-layer ceramic capacitors, or MLCCs, are now experiencing a sharp spike in prices.

July 01, 2026 at 01:03 pm IST

Comcast Splits the Bundle

Comcast is doing the thing big media companies do when the old bundle gets too heavy to carry: it is breaking itself apart. The cable giant said it plans to separate into two publicly traded companies, spinning off NBCUniversal and Sky into a standalone media business while keeping Comcast focused on broadband, wireless, and cable. Investors, at least for now, love the idea.

June 29, 2026 at 06:15 pm IST

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 still experimental, but could transform computing as we know it.

June 26, 2026 at 01:04 pm IST

What Exactly Is a Profit Warning?

When a listed company realizes its financial results will fall significantly short of previous guidance, it cannot simply look the other way and wait for the official earnings release. It must notify the market, and quickly. This is known as a profit warning.

June 25, 2026 at 08:16 pm IST

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.

June 25, 2026 at 01:45 pm IST

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 first slice. Six Prime Ministers have already melted away on the icing. Andy Burnham is now warming up to become the seventh.

June 23, 2026 at 07:34 pm IST

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 evening by Emmanuel and Brigitte Macron amidst a backdrop steeped in history, chandeliers, and symbolism.

June 18, 2026 at 07:48 pm IST

AO's Second Act

AO World, the British online electricals retailer, has given investors a cleaner profit story and cash coming back. In the year to March 2026, the company's statutory pre-tax profit more than doubled to £50.5m, from £20.6m. It also plans to return £20m to shareholders, split between a £10m special dividend and a £10m share buyback. For a business once better known for ambition than dependable profits, that marks a notable shift. Even so, this wasn't enough to convince the market: the shares were down about 3% after the announcement.

June 17, 2026 at 01:59 pm IST

Currencies: Support for the Dollar Is Fraying

The markets have probably just navigated a pivotal week. After several weeks that were dominated by anxieties over the Strait of Hormuz, surging energy prices, and the return of inflation, investors have now glimpsed a way out. However, the situation is still fragile: even so, the economy remains robust, inflation is accelerating and central banks are preparing to adopt a significantly less accommodative tone.

June 15, 2026 at 01:07 pm IST

Could This Finally Be the One?

Investors are once again weighing the prospects of a long-awaited peace agreement between the United States and Iran. While the latest reports suggest genuine progress, the market has seen this script play out before. Regardless of the outcome, European markets closed the session with solid gains.

June 12, 2026 at 11:22 pm IST

Berenberg remains cautious on Bayer amid ongoing US litigation

Bayer shares saw a modest uptick in Frankfurt trading, rising 0.47% to EUR35.96. Berenberg has revisited the company's US legal challenges, maintaining its hold rating while marginally raising its target price from EUR40 to EUR40.50.

June 12, 2026 at 07:57 pm IST