Hyperscaler Quarterly Capex Growth

Hyperscaler Quarterly Capex Growth Hyperscalers may soon hit the brakes on capital spending, potentially hurting valuations. But in doing so, they risk ceding ground in the AI race, where fierce competition and tight supply chains…

U.S. Payrolls and Recessions

U.S. Payrolls and Recessions U.S. payroll growth rarely dips this low without a recession. It slowed sharply in late 2025, but analysts expect a rebound this year as productivity gains, Fed rate cuts, and fiscal…

U.S. Financial Sector’s Profit vs. Labour Demand

U.S. Financial Sector’s Profit vs. Labour Demand With so much of finance built on information processing, the sector may soon stand as the clearest example of how AI can lift earnings without lifting headcount. Image:…

Cash Allocation by Non-Bank Investors Globally

Cash Allocation by Non-Bank Investors Globally “Cash is king” is starting to sound like a relic. Non-bank investors globally are holding less cash than at any time since at least 1999, leaving financial markets exposed…

Silver to Oil Ratio

Silver to Oil Ratio Silver’s rally has gone so far that an ounce can now buy a barrel of oil. It’s a rare moment that may not last if crude recovers or silver takes a…

Performance for Gold

Performance for Gold Gold often starts the year strong, with January usually one of its best months as post-holiday portfolio adjustments and fresh investment flows boost demand. Image: Deutsche Bank