Analysis: Must Read

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What if China's new AI miracle costs too much?

Rolled out on July 16 by the Beijing based start-up Moonshot AI, Kimi K3 is nipping at the heels of the best American models on benchmark leaderboards and even edges ahead on website creation, with...

The Microsecond War: How Physics Took Control of Wall Street

There is actually a way to win in the markets almost every time, although it's nearly out of reach for individual investors. Some firms have made it their calling card, sparking a race for speed...

What It Costs to Lend to America: 5.14% for 20 Years

The 20-year Treasury yield ended Tuesday at 5.14%. Today and tomorrow, the government will sell $34 billion of long-duration debt, a live test of the price investors now demand to finance the United...

A global economy that is 'more fragile than it looks, Standard Chartered says

The first half of 2026 will be remembered by all means. In the first two months of the year, Donald Trump neutralized two of his counterparts, namely the leaders of Venezuela and Iran. Since then, the...

Iran and the United States play for time as the conflict drags on

The two belligerents both appear to believe time is on their side.

Morgan Stanley's Take on China's Auto Market

In a report, Morgan Stanley reviews China's auto market, particularly exports, which are seeing records across many global markets. The investment bank also believes that this trend will continue,...

MarketScreener's Odds and Ends: Adidas Will Certainly Lift the World Cup

Ukrainians want the war to end, but not at any price; China is taking advantage of gold's pullback to top up its reserves; and Adidas is already guaranteed to lift the trophy with a 100% three-stripes...

The great nonsense of South Korean stocks

The KOSPI is the year's best-performing index. But it's far from smooth sailing.

The Big Race for Capital

The hyperscalers have made a bet: spending colossal sums to boost their AI infrastructure. While nobody is certain whether these investments will pay off or not, one thing is clear: they will need to...

American banks are singing in the rain

The big US banks posted record results on Tuesday, powered by SpaceX's giant IPO, the return of mega-mergers and markets that just won't sit still.

Is Big Tech Dressing Up the AI Bill?

Since November 2025, Michael Burry has been casting a suspicious eye on the accounting wizardry behind the AI boom, accusing hyperscalers of stretching the useful lives of their servers and flattering...

The Fed can breathe easier, but inflation has not had its last say

US inflation in June came in weak, very weak. The annual rate fell back to 3.5%, after hitting a 3-year high of 4.2% in May, and thus came in well below the 3.8% expected by the consensus. On a...

After chips, the AI battle shifts to electricity and water, Goldman Sachs says

Progress in artificial intelligence will no longer depend solely on model sophistication, but increasingly on the infrastructure required to run it. Goldman Sachs puts cumulative investment between...

The UK Invests £26bn to Modernize Its Naval Bases

The UK Ministry of Defence is launching the largest naval infrastructure investment program since the end of the Cold War to strengthen the Royal Navy's operational capabilities.

CNBC/NRF measures a jump in US consumer spending (but keep it in perspective)

US retail sales rose sharply year over year in June, but the monthly pace suggests this acceleration owes more to a favorable base effect than to a real shift in the consumer spending trend.

Can AI make South Korea the Norway of Asia?

Seoul and Taipei are taking in a deluge of dollars thanks to the artificial intelligence boom. But turning this windfall into lasting national prosperity, along the lines of Norway's sovereign wealth...

Bank of America spots a clear pickup in US consumer spending

After Costco, Bank of America data confirms resilient spending in June, this time driven by the World Cup and discretionary purchases.

Fed: Kevin Warsh names the architects of his new monetary doctrine

The Fed chairman has appointed the leaders of five task forces charged with reviewing communications, the balance sheet, data, productivity and inflation analysis.