Money Matters
On Thursday, Aug. 14, Statistics Canada (StatsCan) inadvertently published parts of its June manufacturing release a day early, then pulled the page after Reuters alerted the agency. StatsCan said it…
Better-than-expected growth with services and construction up—even as production slips. What that mix means for sterling and the Bank of England’s sequencing.
United States. The Federal Reserve’s July 2025 Senior Loan Officer Opinion Survey (SLOOS) reported that, on balance, banks tightened standards and saw weaker demand for commercial & industrial (C&I) credit…
Holdings overlap in “AI” funds is extreme. Many portfolios marketed as cutting-edge AI plays look suspiciously like rebranded large-cap tech—often with higher fees. Here’s how to tell what you really…
Order books are swelling across lithography, advanced packaging, and power infrastructure as hyperscalers sprint to build AI capacity. The question for the next 12–18 months isn’t demand—it’s whether the tool…
Hyperscaler spending is exploding, but not every supplier can keep free cash flow (FCF) positive as supply chains tighten. Here’s a sober, data-driven scan of who’s funding the AI build-out…
With inflation easing unevenly and policy makers converging on Jackson Hole (Aug. 21–23), the path of real interest rates and the term premium is the macro fulcrum. Where real rates…
If policy rates keep edging lower, the interest that dollar- and euro-stablecoin issuers earn on short-term government paper will shrink. That forces a choice: accept lower margins, tweak fees and…
Copper smelters’ treatment and refining charges (TCRCs) have slid toward cycle lows—often a tell that concentrates are scarce and that the refined market could tighten next. Here’s what falling TCRCs…
For decades, private-equity (PE) returns—with their eye-catching double-digit internal rates of return—were the stuff of institutional portfolios: university endowments, giant pension plans, and ultra-high-net-worth family offices. That wall is now…