Analysis: Must Read

Europe Falls Behind Again

After a strong start to the year, Europe is falling behind Wall Street....

America's Answer to DeepSeek Arrives

The major AI companies in America have invested billions of dollars in creating ever bigger barriers around their most powerful models. Reflection AI, however, intends to knock some of these down. As...

The Economics Behind… the Coffee Machine

It stands between the photocopier and the break room wall, sometimes next to a slightly tired-looking houseplant. No one really knows who bought it. Yet your company's coffee machine is the gateway to...

This is how France will be hanged

There are two ways to die by hanging: asphyxiation or a broken neck. This morbid distinction can be applied to financial markets, and more precisely to the debt issued by the French Treasury.

AI is 55% financed in a closed loop

The artificial intelligence boom partly rests on a closed loop: companies finance partners that buy their products. This insularity has fueled debate over the risks of such an ecosystem. But beyond...

How France has Become Europe's Weakest Link

In just a few years, France's position has not only deteriorated in absolute terms, but also relative to its peers.

Best Articles of the Week: Food and a Little Debt

Cooking draws borders that are sturdier than many treaties, while the Financial Times wonders whether the world is really drowning in debt. We also encounter AI agents making their way into finance...

The Great Return of Bonds: Why Dividend Stocks Have Lost Their Superpower

After a decade of dominance fueled by near-zero interest rates, dividend stocks are faltering. The sharp rise in rates has restored the appeal of bonds: yield, with less risk.

Oil isn't the Fed's only problem

The US economy's momentum is very strong. Indeed, maybe a little too strong.

FTC Probes Risks Tied to OpenAI and Anthropic Products

The US Federal Trade Commission has opened an investigation into OpenAI, Anthropic and other artificial intelligence companies to examine potential risks associated with their products. The move...

A rosy picture of the US economy, based on BEA data

Figures released early this afternoon paint a flattering picture of the state of the US economy, with upward revisions to H1 growth, robust household spending and inflation data that look fairly...

John Williams Resets the Fed's Rate Clock

A Fed rate hike in October had seemed all but guaranteed, although comments made by the New York Fed president have changed the situation.

Uranium's revenge: the once-cursed metal is king again

From market pariah to a star resource for tech and the energy transition: the radioactive ore is staging a spectacular comeback. Here's how to play this stock market revenge.

US Midterms: 3 Major Scenarios and Their Financial Impacts

The US midterm elections will be held on Tuesday, November 3. As usual, all 435 seats in the House of Representatives and 35 of the Senate's 100 seats will be up for election. What is at stake in this...

Two months of truce and two pandas

So far, those are the only concrete results of the summit between Donald Trump and Xi Jinping.

One of the longest bear markets in history has still not bottomed out

The selloff in government bonds began in 2020. And it does not appear to be ending anytime soon.

MarketScreener's Odds and Ends: all your eggs in one basket

This week's lineup: an S&P 500 handing most of its growth to a single sector, American households who have never bet so much on the stock market, and copper inventories that crossed the Atlantic.

The long-awaited summit that nobody expects anything from

By welcoming Xi Jinping to Washington, Donald Trump will try to put on a show. That is probably all that will matter.

AI Gold Rush: What if the fortune goes to the gold miners, not the pickaxe sellers?

The market, for now, has made its call: in the rush towards artificial intelligence, the money is made selling the pickaxes, GPUs, data centers, proprietary models, rather than hunting for the gold...