The S&P 500 earnings yield has fallen below Treasury yields for the first sustained period since the dot-com era. Does this mark a new regime for equity investors?

Just as markets are moving past energy inflation, geopolitical risk and sticky central banks, another source of volatility is building in the Pacific, under the name of El Niño.

"How did you go bankrupt?" "Two ways. Gradually, then suddenly." Hemingway's famous exchange captures a recuring and growing concern surrounding the sustainability of sovereign debt.

Gold has erased all of its year-to-date gains, driven by a combination of factors.

The most interesting crypto story of 2026 is not the loudest one. Built by an eleven-person team with no outside investors, Hyperliquid has become one of the dominant trading venues in digital assets. But it is also extending on-chain trading into traditional market exposures. On the platform, users can take positions on oil, gold, indices, tokenised equities such as Tesla or Nvidia, and even synthetic exposure to SpaceX before its public listing.

The “10 Million Initiative” seeks to keep Switzerland’s permanent resident population below 10 million before 2050, mainly by gradually tightening immigration rules...

It is probably the question landing most often on desks right now. The fear is easy to understand. A record pipeline of mega-listings is arriving into a market that is already stretched and heavily concentrated in AI, and the capital needed to absorb that supply has to come from somewhere. The history and the demand backdrop all argue that the fear is largely misplaced, yet the real risk is not the one investors are focusing on.

Not long ago, GPU chips were a gamer's luxury. Today, they are rapidly evolving into a distinct asset class, one that investors can finance, collateralize, lease, and even treat as yield-generating infrastructure.

A senior advisor at a US practice recently got back four to six hours of her week. Not through a restructuring or thanks to a new hire, but through automation that now handles what used to be meeting preparation. She spent those hours with clients. Her book grew. That story is quietly repeating itself across the industry, and it is just the beginning of what becomes possible.

This June, SpaceX is expected to list on Nasdaq at a valuation of $1.75 trillion, surpassing Saudi Aramco's 2019 debut as the largest IPO on record. Welcome to the most audacious IPO ever attempted.