Kevin Smith
Journalist
For Tim Duy, Kevin Warsh's Fed must prepare markets for a rate hike
Tim Duy, Chief US Economist at SGH Macro Advisors, believes that the central question is no longer when the Fed can cut rates, but rather whether it should instead prepare investors for a further rate hike if inflation remains stubbornly high.
May 26, 2026 at 11:17 pm
Porsche caught between luxury and industry
Long perceived as the German Ferrari, Porsche is currently navigating a more challenging phase. While it remains one of the world's most powerful automotive brands, the market is questioning its ability to sustainably maintain margins in a tightening luxury automotive sector.
May 26, 2026 at 06:07 pm
Eli Lilly releases encouraging data for Verve-102 candidate
Eli Lilly has unveiled positive results from a Phase 1B study evaluating Verve-102, an experimental drug candidate designed to permanently deactivate the PCSK9 gene in the liver and reduce low-density lipoprotein cholesterol, or "bad cholesterol," following a single infusion.
May 25, 2026 at 06:56 pm
Uber considers Delivery Hero takeover; markets already wary of potential premium
Uber Technologies is exploring options for a full acquisition of Delivery Hero, according to Bloomberg, a report that comes just days after the US giant significantly increased its stake in its German rival. Uber shares, down 12% YTD, slipped about 2% on Friday, while Delivery Hero, which has surged 47% YTD, rose nearly 5% in electronic trading.
May 23, 2026 at 10:47 pm
Wall Street up ahead of Memorial Day, buoyed by earnings and easing crude prices
US markets advanced on Friday, ahead of the Memorial Day long weekend, supported by a decline in bond yields, corporate earnings that were welcomed and some signs of progress in discussions between Washington and Tehran. The S&P 500 rose 0.37% to 7,473.5 points, the Nasdaq 100 increased 0.42% to 29,481.6 points, while the Dow Jones rose 0.58% to 50,579.7 points. Finally, the Russell 2000 climbed 0.73% to 2,864.4 points.
May 23, 2026 at 10:41 pm
Kevin Warsh takes charge of the Fed under pressure from Trump and the markets
Kevin Warsh was sworn in on Friday as the new Chair of the US Federal Reserve during a ceremony held at the White House in the presence of Donald Trump. The former Fed Governor, who previously served from 2006 to 2011, succeeds Jerome Powell. Powell, who led the institution for eight years, remains a member of the Board of Governors, which is rare in the central bank's history.
May 22, 2026 at 11:10 pm
Goldman Sachs reiterates Buy rating on Eli Lilly
Goldman Sachs has reacted to Eli Lilly's (+1.68% at $1,059.18) release of preliminary results from its Phase III study evaluating the efficacy and safety of Retatrutide in adults who are obese or overweight with at least one weight-related comorbidity.
May 22, 2026 at 08:41 pm
SpaceX, OpenAI…: How Does an IPO Actually Work?
It is often described as a coronation, or even an apotheosis. When SpaceX and OpenAI make their stockmarket debuts - reportedly in June for the former and by the year-end for the latter - the media will cover the event like a manned mission to Mars (which, incidentally could happen…). There will be dizzying figures, breathtaking promises, and analysts chomping at everything. Yet, many will be watching without fully grasping what is actually happening. It is therefore worth getting prepared.
May 22, 2026 at 05:20 pm
Spotify leverages musical AI as a monetization engine with Universal
Following a challenging year on the markets, Spotify shares surged 13% on Wall Street after unveiling a generative AI partnership with Universal Music Group, alongside long-term financial targets that resonated well with investors. Despite this sharp rebound, the stock remains approximately 37% below its June 2025 record high, underscoring the ongoing need to demonstrate the sustainability of its growth and profitability.
May 22, 2026 at 01:28 am
The Great Comeback of Emerging Markets?
Driven by artificial intelligence, the MSCI Emerging Markets index has been significantly outperforming Wall Street since the start of the year. However, behind this rally lies a more nuanced reality: the index is highly concentrated and dependent on a few Asian semiconductor giants.
May 21, 2026 at 12:23 pm
MSCI EMERGING MARKETS 
Intuit Plunges After Quarter Overshadowed by Layoffs
Intuit shares dropped about 10% in after-hours trading on Wall Street yesterday, despite posting quarterly results that beat expectations. The maker of TurboTax, Credit Karma, QuickBooks and Mailchimp confirmed reports earlier in the session by Reuters, announcing a 17% reduction in its full-time workforce. The group expects restructuring costs of between $300m and $340m, which are primarily slated to be recognized in the fiscal Q4 ending in late July.
May 21, 2026 at 09:11 am
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