Work ennobles (less and less)
What impact will AI have on the number of jobs, efficiency, and profits of publicly traded companies? It is important to distinguish between the short and the long term.
AI infrastructure spending boom raises questions on valuations
Artificial intelligence is still at the beginning of its growth curve, but both the infrastructure and the valuations behind the boom show signs of strain. For investors, the opportunity is undeniable, yet so are the risks.
While the eurozone sinks, the orchestra plays in Frankfurt
At the Weseler Werft, a green strip along the river Main in Frankfurt with a view of the European Central Bank (ECB) headquarters, the music of Strauss, Mendelssohn, and Liszt rang out on August 21. The ECB sponsored the Europa Open Air concert to celebrate European diversity.
Morningstar: Dimensional versus Neuberger Berman in US smallcaps
Historically, US smallcaps have outperformed their European peers, with a difference of about 1.5 percent to 2.5 percent over 5-, 10- and 15-year periods, depending on the timeframe. In the first seven months of 2025, however, the situation has been reversed.
Family officers often willing to take bigger risks than their clients
Family officers serving wealthy Belgian families often prove more willing to take risks than their clients. Aligning perspectives usually requires careful techniques, according to research by Sam Bossuyt at Ghent University.
Markets ignore Trump’s Fed shenanigans as bond strains grow
Markets are shrugging off Donald Trump’s attempt to fire Federal Reserve governor Lisa Cook. Economists warn the strain is nonetheless showing in long-term U.S. rates and the dollar, raising questions over how long investors can keep ignoring political lawlessness.
Transfers: Bjoern Jesch swaps DWS for Allianz Global Investors
This week’s overview of people transfers and appointments includes updates from Allianz Global Investors, A&O Shearman, State Street, Titanbay, and other firms.
The vision of Masayoshi Son
In 1996 I came across Cisco’s annual report, which included a CD-ROM presentation by CEO John Chambers titled The internetworking takes off. At that point, there was absolutely no sign of a dot-com hype, though Alan Greenspan thought otherwise in his irrational exuberance speech of December 1996.
US carve-out deepens Pillar Two complexity
A deal struck at the G7 summit in June has given American multinationals a way around rules billed as a milestone in the global fight against corporate tax avoidance.
Bitcoin Treasury Companies cross over to Europe
Bitcoin Treasury Companies, firms that hold billions of dollars in bitcoin on their balance sheets, are crossing over to Europe. This raises the risk that passive investments, via index funds, could be funneled into one of the most volatile corners of the market.