Shares of Ferrari NV crashed 16% in Milan trading, marking the biggest intraday decline since 2016, after the exotic carmaker delivered a cautious long-term outlook that fell short of Wall Street expectations. Analysts, including Tom Narayan’s team at RBC Capital Markets, said Ferrari’s updated 2030 guidance came in below consensus estimates. The cautious forecast comes […]

By now, readers have grasped, through several notes, how the AI bubble is inflating, primarily driven by the “circle jerk” vendor-financing scheme at the heart of the system. As for its scale, we noted last night that the AI bubble has morphed into a debt bubble as well, quietly surpassing the entire banking sector to become the […]

By Craig Fuller, CEO of FreightWaves There’s something happening hereWhat it is ain’t exactly clearThere’s a man with a gun over thereA-telling me I got to beware That’s the song that’s playing in my head as I try to make sense of what I’m seeing in the freight market. The spot market heat map in […]

What a wild week it’s been for French politics. Let’s dive right into the latest development: overnight news that President Emmanuel Macron will appoint a new prime minister by Friday evening, avoiding (for now) a snap election that could spark even more political turmoil.  UBS analyst Aditi Samajpati updated clients with the latest:  French President Emmanuel […]

Authored by Jonathan Turley, On Sunday, the Green Party in the United Kingdom voted to “abolish” private landlords in a move that reaffirms the party as a largely socialist movement. For some environmentalists, it is a sad hijacking of a cause by far-left elements that moves it away from its original environmental priorities. The motion passed […]