Analysis: Must Read

European stocks caught up by lack of growth

After a strong start to the year, European stocks are now marking time. The lack of earnings growth is penalizing Europe compared to Wall Street. This is particularly true as investors are demanding...

OpenAI targets valuation of $500bn to offer shares to its employees

The California-based group is growing rapidly and plans to offer shares to its employees in order to retain them. Meta has begun poaching some of OpenAI's most valuable talent.

Dividends and uncertainty: a cocktail slowing capex and weighing on growth

While the IMF remains optimistic about global growth in 2025, the OECD is concerned about corporate investment trends. Investment, the engine of the economy, is stalling for a number of reasons.

United States: when statistics become a political weapon

The sudden dismissal of Erika McEntarfer, head of the US Bureau of Labor Statistics , by Donald Trump has reignited fears of political manipulation of economic data. This move weakens a key...

The never-ending story of Fed rate cuts

A disappointing jobs report has revived hopes of a Fed rate cut in September. Does this seem familiar? That's because it's exactly what happened a year ago.

Spectacular recovery in global mergers and acquisitions

Driven by giant deals in the US and the rise of artificial intelligence, the M&A market is recovering after two years of decline. The top 25 for 2025 is largely dominated by US companies.

Fed governor resigns, Powell's succession accelerates

Adriana Kugler's resignation as Fed governor creates an opportunity for Donald Trump. The US president will now be able to appoint his preferred successor to Jerome Powell. It is a nomination on which...

Donald Trump, the battle of the numbers, and the desire to impose his narrative

On Friday, employment figures cast doubt on the strength of the US labor market. These statistics also contradict Donald Trump's narrative, as he spends his days touting a booming economy. Faced with...

Customs duties have finally been set… but uncertainty remains

No TACOS this time, the deadline has been met. Donald Trump had set August 1 as the date for announcing the level of tariffs to be applied to each country. He has kept his word, as a new version of...

Trump back on the attack against the pharmaceutical industry

Donald Trump is continuing his crusade against the cost of drugs. In May, he signed an executive order to tackle exorbitant drug prices. Yesterday, his spokesperson Karoline Leavitt announced that the...

Tariffs: Trump strikes hard on Brazil, Canada, India, and Switzerland

US President Donald Trump has launched a new round of massive tariffs targeting dozens of countries, including Canada, Brazil, India, Switzerland, and Taiwan.

Powell staying the course

Unsurprisingly, the Fed has decided to keep its key rates unchanged, resisting growing pressure from Donald Trump, who has been calling for lower borrowing costs for several months. The decision,...

US pressure pushes oil prices up

The threat of economic sanctions from the US against buyers of Russian oil, particularly China, has caused crude prices to rise. This possibility, combined with the trade agreements of recent days,...

Trade agreements: victories for Donald Trump, uncertainty for the US economy

The trade agreements are finally coming to fruition. After weeks of negotiations and delays, the tariff saga may be coming to an end, or at least in part. In political terms, there is only one...

Washington and Beijing move towards a 90-day trade truce

Indeed, this is the third meeting in three months. After Geneva in May and London in June, the Chinese and US delegations are meeting again on Monday in Stockholm. No trade agreement is expected, but...

A victory for Donald Trump, a lesser evil for the EU

Donald Trump and Ursula von der Leyen have announced a trade agreement between the United States and the European Union. While it marks a welcome de-escalation in transatlantic tensions, the...

Importers, exporters or consumers: who pays the customs duties?

The issue remains divisive. The Trump administration has always insisted that exporters will pay. The Fed, which is cautious as ever, prefers to wait before moving too quickly and is monitoring...

50 years of EU-China relations: a summit of appearances

The summit, which was supposed to celebrate half a century of diplomatic relations between the European Union and China, took place in a frosty atmosphere. Officially, it was meant to mark the...

The return of "meme stocks" and exuberance

Are Kohl's and Opendoor the Gamestops and AMCs of 2025? In recent days, these stocks have been experiencing movements similar to those seen in early 2021, the heyday of meme stocks. Four years later,...