Microsoft Finally Told Investors What Azure Is Worth
At $29.4 billion a quarter, Azure trails AWS by $12.8 billion and beats Google Cloud by $4.6 billion.
Business
CME Group Is the Stock to Own While the Fed Debate Rages
September hike odds rose from 35% to 58% in three sessions. CME's rates business earns on every tick of that…
Long the Spread, Not the Barrel
Russia’s diesel export ban runs to Sept. 30. ULSD cracks stay the trade, and complex refiners are the cleaner expression.
The Vanguard Effect Has a New Target
How a reported $4.6 billion acquisition makes custody the next casualty of vertical integration.
Own the Spread, Not the Barrel
Russia’s diesel limits may run longer while Brent softens. The diesel-crack trade stays the cleaner position.
The Attention Economy Gets a New Rulebook
Meta’s settlement mandates teen time limits. The real question is whether that template forces every platform to follow.
Steel Long, Truckers Short: The Jan. 1 Trade Is Already Open
Trump’s Jan. 1, 2027 Canada auto and steel tariff opens a dated, asymmetric pair: domestic mills on one side, cross-border…
Gold Miners Are Making Cash. The Market Hasn’t Priced It.
Gold above $4,600, U.S. debt at $40 trillion, and a 19-year yield high are shifting the sector’s valuation floor.
Broadcom’s $100B Moment Is 11 Weeks Away
The custom silicon king reports September 2. Two engines are running. One number decides everything.
The Fed Is Not the Bond Market’s Biggest Problem
A $29 trillion borrowing wall, a BOJ poised to hike in September, and synchronized fiscal expansion across NATO are pushing…