Kevin Smith

Kalshi takes aim at the stock market

US prediction-markets platform Kalshi wants to expand into perpetual stock-index contracts, as many observers had expected. The move would put it in more direct competition with major listed derivatives exchanges.

August 19, 2026 at 07:49 am

IMF says Europe is giving up 3% of GDP for lack of an integrated financial market

Better integration of banking and venture capital could lift EU GDP by about 3% over the long term, according to the International Monetary Fund. Two thirds of the gain would come from removing barriers to cross-border bank lending, and the remaining third from a larger supply of risk capital.

August 19, 2026 at 07:30 am

When tax rumors risk prompting the wrong decisions

British insurers are worried about how savers might react to rumors of reforms. Note that it's never wise to act in haste.

August 19, 2026 at 07:30 am

Baidu shares slide 14%, caught between a free-falling ad business and record investment

Baidu shares fell about 14% Tuesday on the Nasdaq after results showed growth in its artificial intelligence businesses still is not fully offsetting the decline in its search engine.

August 19, 2026 at 07:30 am

With 23-hour trading, Nasdaq starts to look like Las Vegas

Nasdaq plans to extend trading in US stocks and exchange-traded products to 23 hours a day, five days a week, starting Sunday, December 6, 2026, subject to market infrastructure readiness and final regulatory adjustments.

August 19, 2026 at 07:30 am

Washington moves toward a sale of offshore mining leases near the Northern Mariana Islands

The United States is preparing a possible sale of leases for mining "critical" minerals in federal waters off the Northern Mariana Islands. The plan, which is still subject to several regulatory steps, reflects Washington's push to reduce its reliance on foreign supplies.

August 18, 2026 at 02:25 pm

Oil weighs on European stockmarket sentiment

Despite a solid ZEW reading, European stock markets are downbeat this Tuesday, as a geopolitical stalemate in the Middle East, which is pushing oil prices higher, fuels fears of stubborn inflation.

August 18, 2026 at 01:07 pm

Wall Street Wants to Put the Stock Market on the Blockchain

As the cryptocurrency market goes through a particularly bleak stretch, one small corner is actually moving in the opposite direction. Bitcoin is hovering around $60,000 to $65,000, Coinbase has just posted its third straight quarterly loss, and crypto trading volumes have contracted sharply. However, investors are increasingly trading… shares of Apple, Tesla, Nvidia, or US ETFs on crypto-native infrastructure. This market has a name: tokenized stocks.

August 18, 2026 at 01:07 pm

BHP capitalizes on its strategic pivot towards copper

It's a fanfare year for the Australian mining group, which is back to profit levels that it has not seen in twelve years, excluding the abnormal, massive distortion recorded during the pandemic.

August 18, 2026 at 01:07 pm

Royal Unibrew is worst performer in the STOXX Europe 600, as H1 results disappoint

Danish brewer Royal Unibrew posted the steepest decline in the STOXX Europe 600 after reporting H1 results that fell short of expectations, prompting investors to brace for downward revisions to market consensus forecasts.

August 18, 2026 at 10:29 am

Hermes slides back toward its lows after RBC downgrade

Hermes shares headed back toward their lowest levels in over three years on Tuesday in Paris, hit by a downgrade from RBC.

August 18, 2026 at 10:29 am

The 3 Biggest Checks in the AI Race

Amazon, Microsoft and Alphabet each plan to make investments of nearly $200bn this year to dominate artificial intelligence. Here is a look at the three biggest checks in the industrial revolution that is now underway

August 18, 2026 at 10:29 am

Sixt in the spotlight, as Berenberg upgrades to buy

Sixt stands out on the Frankfurt Stock Exchange, up over 3% at EUR73.5, benefiting from Berenberg upgrading its rating on the stock, while raising its corresponding target price, banking on a strong summer season for Europe's travel sector.

August 18, 2026 at 10:28 am

The surge in bond yields continues to weigh on market sentiment

Major European stock markets are lower on Tuesday morning, still battered by persistent strains in the bond market, a factor that is now overshadowing the improving economic backdrop and optimism around the direction of monetary policy at the major central banks.

August 18, 2026 at 09:32 am

France's 10-year rate tops 4% for first time since 2009

The yield on France's 10-year bond has moved above 4%, a level not seen since June 2009.

August 18, 2026 at 09:32 am

S&P 500 or Equal Weight: the same index, two radically different bets

Buying the S&P 500 can feel like one of the most neutral moves in investing. Five hundred large American companies, a globally followed benchmark, low-cost ETFs, and instant diversification. But that apparent simplicity hides a fairly weighty portfolio decision: should companies get more weight because they have become gigantic, or should every member of the index be treated on an equal footing?

August 18, 2026 at 09:32 am

Powered by Nvidia, Fabrinet wraps up another year of growth

Founded by a former Seagate executive, the contract manufacturer of precision optical and electromechanical equipment, based in the Cayman Islands but mainly operating out of Thailand, remains positioned in a distinctive niche.

August 18, 2026 at 07:59 am

Bad news just keeps piling up at Stellantis

Stellantis shares fell sharply yesterday after the company announced a major worldwide vehicle recall due to the risk of malfunctioning rearview cameras. The stock has now fallen 53% YTD, and has hit a new low not seen since 2013, having won the prize that nobody wants, as the worst performer in both the CAC 40 and the FTSE MIB, its two benchmark indexes.

August 18, 2026 at 07:58 am

Wall Street slips, oil revives inflationary fears and pushes long rates higher

US markets closed down on Monday, as rising oil rekindled inflationary worries and sent bond yields higher. The S&P 500 fell 0.52% to 7,745.0 points, while the Dow Jones lost 0.51% to 53,459.8 points. The Nasdaq 100 resisted better, down just 0.17% at 29,995.4 points, helped by gains in semiconductors.

August 18, 2026 at 07:45 am

Intel Is Considering a Return to Memory to Regain Its Footing in AI

Nearly 40 years after exiting DRAM to focus its resources on microprocessors, Intel is considering a return to its roots, albeit with a different approach.

August 18, 2026 at 07:45 am

Uber wants to expand drone delivery with Zipline

Uber Technologies is announcing a strategic partnership with Zipline aimed at scaling drone delivery across the US. The first rollouts will begin later this year, and Uber Eats customers will have the option to receive their orders within minutes thanks to Zipline's autonomous delivery service.

August 18, 2026 at 07:44 am