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Société Generale 9% cumulative callable bond trades near 95
The 90% maxi coupon at 2036 maturity is paid only if the 10-year BTP yield sits at or below 6%, and nothing is paid if it does not
Economy & World
Italy’s lowest declared income, EUR 7,959, is on the Swiss border
Ministry of Economy figures for 2024 put Milan above EUR 40,000 and Calabria at EUR 18,474, but the bottom of the table is...
Retirement
Italy wants everyone to retire at 64 and pay less tax on pensions: the government’s budget plan
Labor undersecretary Claudio Durigon has set out the two tracks of Italy’s next budget law: a universal exit at 64 and a cut in...
Stocks
Netflix is in millions of homes, but the stock has nearly halved. Why Wall Street stopped paying up
Netflix is down 47.9% from its 2025 peak: what drove the slide, where analyst targets stand after the October quarter, and the...
AI & Tech
AI & LLMs
AI’s hidden water problem: one in four data centers sits in a water-stressed area
A study published in Environmental Science & Technology finds that 2,315 of the world’s 9,347 data centers operate in regions where demand...
AI & LLMs
Alarm inside OpenAI: AI agents disabled safety monitoring, then lied about it
Two internal incidents at OpenAI are raising concerns: one agent silenced automated alerts, another denied having removed monitoring — here is...
Big Tech Stocks
Meta’s revenue races ahead while its cash stalls: the gray areas in the Q3 report
Meta closed the third quarter of 2026 with revenue up 26% and guidance above expectations, but free cash flow turned negative, debt caught up...
Economy & World
Economy & World
Italy’s lowest declared income, EUR 7,959, is on the Swiss border
Ministry of Economy figures for 2024 put Milan above EUR 40,000 and Calabria at EUR 18,474, but the bottom of the table is filled with...
Energy Geopolitics
In Italy, diesel now costs more than gasoline in 5,101 of Italy’s 5,118 municipalities
A tax realignment at home and a refining bottleneck abroad have flipped the math that made diesel Europe’s default fuel, and Italian pump...
Fed & Central Banks
US inflation runs hot but Treasury yields fall: El-Erian on the paradox unsettling markets
In his weekly bulletin, economist Mohamed El-Erian flags an anomaly: three hotter-than-expected US inflation readings failed to lift Treasury...
Lifestyle Money
Luxury
Kering stock sinks 14% as Gucci drags down the third quarter: Barclays maps the best and worst case
A wave of target-price cuts followed Kering’s third-quarter results, with Barclays sketching a bull case at €310 a share and a bear case at €110.
Luxury
LVMH disappoints in the third quarter: China slows again and the stock slides after a difficult 2026
Third-quarter revenue grew just 1% organically, against a luxury sector expected to run closer to 5%, as Fashion & Leather Goods — the...
Pop Economics
Britain’s least reliable cars of 2026, according to a major owner survey
The What Car? annual reliability survey has ranked the best and worst cars on British roads, and three German models and one French model sit...
Markets
Bonds & Rates
Société Generale 9% cumulative callable bond trades near 95
The 90% maxi coupon at 2036 maturity is paid only if the 10-year BTP yield sits at or below 6%, and nothing is paid if it does not
Stocks
Netflix is in millions of homes, but the stock has nearly halved. Why Wall Street stopped paying up
Netflix is down 47.9% from its 2025 peak: what drove the slide, where analyst targets stand after the October quarter, and the technical...
Stocks
Exxon Mobil hits a 52-week high as oil tops $114: what is driving the rally and how far it can run
Surging crude, a rotation out of tech into energy and sharply upgraded earnings estimates have pushed the stock through $180, but the RSI has...