Reuters Breakingviews
@breakingviews.reuters.com
The world's leading source of agenda-setting financial insight and commentary. Sign up for a free trial at http://breakingviews.com/trial
Adding gold to your 60/40 portfolio is a 50/50 bet - www.breakingviews.com/columns/cons...
Adding gold to your 60/40 portfolio is a 50/50 bet
Swap bonds for bullion in the classic strategy including three-fifths stocks, and your risk-adjusted returns would have been 6 times higher since 2025. But gold is a historically inconsistent haven an...
www.breakingviews.com
January 30, 2026 at 1:13 PM
Adding gold to your 60/40 portfolio is a 50/50 bet - www.breakingviews.com/columns/cons...
Panama ports ruling leaves Hutchison all at sea - tinyurl.com/2n7nr2hp
Panama ports ruling leaves Hutchison all at sea
The country nixed the Hong Kong group's contracts. It'll please the US but risks retaliation from Beijing whose ire over the Li clan's broader $23 bln ports sale to BlackRock already prompted a deal r...
tinyurl.com
January 30, 2026 at 8:23 AM
Panama ports ruling leaves Hutchison all at sea - tinyurl.com/2n7nr2hp
Kioxia surge offers SK Hynix a face-saving exit - @robynmak.bsky.social - tinyurl.com/6259xf5b
Kioxia surge offers SK Hynix a face-saving exit
The Bain-backed Japanese firm’s stock is up 10-fold in a year on hopes AI data centres will use more of its memory storage chips. It’s a win for co-investor and rival SK. Absent deeper ties with Kioxi...
tinyurl.com
January 30, 2026 at 5:11 AM
Kioxia surge offers SK Hynix a face-saving exit - @robynmak.bsky.social - tinyurl.com/6259xf5b
China's gold fever underwrites risky M&A binge - tinyurl.com/4rwf7xm7
China's gold fever underwrites risky M&A binge
The country may account for more than a third of central banks’ bullion purchases last year as it diversified reserves. That helped both push up the price and fuel dealmaking by domestic miners like $...
tinyurl.com
January 30, 2026 at 5:08 AM
China's gold fever underwrites risky M&A binge - tinyurl.com/4rwf7xm7
Elon Musk engineers his sky-high meme machine - tinyurl.com/44jdhxz2 - @robcyran.bsky.social
Breakingviews - Elon Musk engineers his sky-high meme machine
Rocket-maker SpaceX dominates its market but needs bold new frontiers to vaunt for a $1 trln-plus IPO. Chatbot lab xAI needs cash. Merging into an outlandish servers-in-space concern may help both, wh...
tinyurl.com
January 30, 2026 at 5:06 AM
Elon Musk engineers his sky-high meme machine - tinyurl.com/44jdhxz2 - @robcyran.bsky.social
Masa Son’s OpenAI bet is conspicuously underhedged www.breakingviews.com/columns/cons... @karenkkwok.bsky.social
Masa Son’s OpenAI bet is conspicuously underhedged
The SoftBank CEO may put $30 bln into the AI lab, having already done so last year. Microsoft, Nvidia, Amazon and Sequoia are backing many horses including Anthropic, but Son is concentrating on Sam A...
www.breakingviews.com
January 29, 2026 at 4:26 PM
Masa Son’s OpenAI bet is conspicuously underhedged www.breakingviews.com/columns/cons... @karenkkwok.bsky.social
SAP valuation flips from overegged to undercooked - www.breakingviews.com/columns/brea... @jen-johnson.bsky.social
SAP valuation flips from overegged to undercooked
The $250 bln software giant last year sold off with peers amid an AI panic. Back then SAP’s valuation looked toppy given its core appeal – a backlog of clients to go on the cloud – is finite. Yet even...
www.breakingviews.com
January 29, 2026 at 1:35 PM
SAP valuation flips from overegged to undercooked - www.breakingviews.com/columns/brea... @jen-johnson.bsky.social
EU dynamo is consumers, not trade deals or tariffs - www.breakingviews.com/columns/brea...
EU dynamo is consumers, not trade deals or tariffs
German industry rejoice: the Greenland scare has faded and, while Mercosur may be delayed, the EU and India have unveiled an even better deal to lower tariffs. Yet domestic demand matters more: boost ...
www.breakingviews.com
January 29, 2026 at 1:34 PM
EU dynamo is consumers, not trade deals or tariffs - www.breakingviews.com/columns/brea...
🎧 European companies are steadily deserting home exchanges to head for U.S. bourses. Some $1 trillion of re-listings may await.
In this week’s Viewsroom, columnists debate whether anything can be done to reverse the flow, or if it points to deeper economic issues.
Full episode 👉 reut.rs/3M1FpMH
In this week’s Viewsroom, columnists debate whether anything can be done to reverse the flow, or if it points to deeper economic issues.
Full episode 👉 reut.rs/3M1FpMH
January 29, 2026 at 9:39 AM
🎧 European companies are steadily deserting home exchanges to head for U.S. bourses. Some $1 trillion of re-listings may await.
In this week’s Viewsroom, columnists debate whether anything can be done to reverse the flow, or if it points to deeper economic issues.
Full episode 👉 reut.rs/3M1FpMH
In this week’s Viewsroom, columnists debate whether anything can be done to reverse the flow, or if it points to deeper economic issues.
Full episode 👉 reut.rs/3M1FpMH
Japan's election adds fuel to repatriation fire - tinyurl.com/9uw5dzfe - @hudsonlockett.bsky.social
Japan's election adds fuel to repatriation fire
Fiscal fears ahead of the vote sent local bond yields higher and renewed concerns that the country's investors may dump $2 trln of foreign debt. A fast change looks difficult. But rising returns drive...
tinyurl.com
January 29, 2026 at 4:26 AM
Japan's election adds fuel to repatriation fire - tinyurl.com/9uw5dzfe - @hudsonlockett.bsky.social
Big Tech sets stage for AI-budget murder mystery - tinyurl.com/3xr236e6
Breakingviews - Big Tech sets stage for AI-budget murder mystery
Suspense looms over sunny results from Meta and Microsoft: machine-learning capex of $52 bln last quarter and much more to come. Ominous threats lurk, from overbuilding to dicey lending. Wall Street i...
tinyurl.com
January 29, 2026 at 4:22 AM
Big Tech sets stage for AI-budget murder mystery - tinyurl.com/3xr236e6
VCs whistle past AI unicorn reality check - tinyurl.com/2s3ey78y
VCs whistle past AI unicorn reality check
SambaNova makes top-tier hardware for the burgeoning market of running trained AI models. While powerful, its systems compete against cheaper and easier to deploy rivals. Samba’s melting prospects and...
tinyurl.com
January 28, 2026 at 4:44 PM
VCs whistle past AI unicorn reality check - tinyurl.com/2s3ey78y
ASML monopoly merits a bigger share-price premium - www.breakingviews.com/columns/brea... @karenkkwok.bsky.social
ASML monopoly merits a bigger share-price premium
The $590 bln Dutch firm reported blowout orders. Investors have been fretting about geopolitics, specifically whether China can mimic its circuit-printing techniques, leading to a loss of the company'...
www.breakingviews.com
January 28, 2026 at 1:42 PM
ASML monopoly merits a bigger share-price premium - www.breakingviews.com/columns/brea... @karenkkwok.bsky.social
LVMH’s valuation is held back by succession fog - www.breakingviews.com/columns/brea... @ywchen.bsky.social
LVMH’s valuation is held back by succession fog
The $325 bln French group’s sales growth beat expectations, but shares still slumped. LVMH used to trade at a premium to peers, but that now looks to have reversed. With operating fears subsiding, one...
www.breakingviews.com
January 28, 2026 at 1:41 PM
LVMH’s valuation is held back by succession fog - www.breakingviews.com/columns/brea... @ywchen.bsky.social
Asia’s McDonald's bites off more than it can chew - tinyurl.com/y7ev89u9 - @katrinahamlin.bsky.social
Asia’s McDonald's bites off more than it can chew
Jollibee’s stagnant stock reflects years of so-so acquisitions under CEO Ernesto Tanmantiong. A planned US listing of the $4 bln company's unprofitable global unit, including Smashburger, will be a se...
tinyurl.com
January 28, 2026 at 4:07 AM
Asia’s McDonald's bites off more than it can chew - tinyurl.com/y7ev89u9 - @katrinahamlin.bsky.social
Japan’s auto reckoning could start with Mazda - tinyurl.com/4r8b367j - @katrinahamlin.bsky.social
Breakingviews - Japan’s auto reckoning could start with Mazda
US tariffs, Chinese competition and falling domestic demand are putting pressure on most of the country’s seven major carmakers and their suppliers. With a Honda-Nissan deal on ice, driving Mazda into...
tinyurl.com
January 28, 2026 at 1:02 AM
Japan’s auto reckoning could start with Mazda - tinyurl.com/4r8b367j - @katrinahamlin.bsky.social
Surgery would heal Medicare more than medicine - tinyurl.com/2m3fctmj @robcyran.bsky.social
Surgery would heal Medicare more than medicine
The White House walloped insurers with a tiny proposed payments hike and tougher rules for plans that cover half the elderly population. UnitedHealth alone lost $60 bln of market cap. Ending the priva...
tinyurl.com
January 27, 2026 at 8:17 PM
Surgery would heal Medicare more than medicine - tinyurl.com/2m3fctmj @robcyran.bsky.social
US-Canada co-dependency is too valuable to squander - tinyurl.com/bd8e9633
US-Canada co-dependency is too valuable to squander
President Trump threatened 100% tariffs over counterpart Mark Carney’s rapprochement with China. Key industries and $1.9 trln in activity rest on northern fraternity. Uncle Sam dominates the relations...
tinyurl.com
January 27, 2026 at 8:15 PM
US-Canada co-dependency is too valuable to squander - tinyurl.com/bd8e9633
Big Pharma’s revenue hole requires a pricey fix www.breakingviews.com/columns/cons...
Big Pharma’s revenue hole requires a pricey fix
The likes of Pfizer and Merck are facing looming patent cliffs which will expose $400 bln of sales to cheaper competition. To avoid a steep income decline, many will have to splurge on budding biotech...
www.breakingviews.com
January 27, 2026 at 2:01 PM
Big Pharma’s revenue hole requires a pricey fix www.breakingviews.com/columns/cons...
Europe scores tentative trade deal win over India www.breakingviews.com/columns/brea...
Europe scores tentative trade deal win over India
New Delhi gets duty-free access to the European Union for most goods and a boost to services, aiding a $200 bln trade relationship. But India also opens itself to more foreign cars and could see its p...
www.breakingviews.com
January 27, 2026 at 2:00 PM
Europe scores tentative trade deal win over India www.breakingviews.com/columns/brea...
China financial captain faces tricky role reversal - tinyurl.com/4r9zkb57
China financial captain faces tricky role reversal
After propping up the stocks for two years, sovereign fund Central Huijin is dramatically slashing its $180 bln holdings in exchange-traded funds. Its mandate from Beijing to stabilise the market cuts...
tinyurl.com
January 27, 2026 at 9:51 AM
China financial captain faces tricky role reversal - tinyurl.com/4r9zkb57
Anta's Puma deal sets up a gruelling course - tinyurl.com/jxnbu824 - @katrinahamlin.bsky.social
Breakingviews - Anta's Puma deal sets up a gruelling course
The Chinese sportswear giant is buying the Pinault family's 29% stake in the Big Cat brand for $1.8 bln. Anta quadrupled Amer Sports' value after its 2019 bet but a punchy 62% premium on its latest de...
tinyurl.com
January 27, 2026 at 9:49 AM
Anta's Puma deal sets up a gruelling course - tinyurl.com/jxnbu824 - @katrinahamlin.bsky.social
🎧 It’s almost 10 months since Donald Trump launched his trade war.
In this Big View, Detroit Axle CEO Mike Musheinesh joined @petertl.bsky.social to discuss how the auto parts distributor is coping with import uncertainty – and his decision to sue the US government.
Full episode 👉 reut.rs/4rf0iTA
In this Big View, Detroit Axle CEO Mike Musheinesh joined @petertl.bsky.social to discuss how the auto parts distributor is coping with import uncertainty – and his decision to sue the US government.
Full episode 👉 reut.rs/4rf0iTA
January 27, 2026 at 9:36 AM
🎧 It’s almost 10 months since Donald Trump launched his trade war.
In this Big View, Detroit Axle CEO Mike Musheinesh joined @petertl.bsky.social to discuss how the auto parts distributor is coping with import uncertainty – and his decision to sue the US government.
Full episode 👉 reut.rs/4rf0iTA
In this Big View, Detroit Axle CEO Mike Musheinesh joined @petertl.bsky.social to discuss how the auto parts distributor is coping with import uncertainty – and his decision to sue the US government.
Full episode 👉 reut.rs/4rf0iTA
Quantum chip M&A puts memes in superposition - tinyurl.com/yk23pru8 @robcyran.bsky.social
Quantum chip M&A puts memes in superposition
IonQ says physics-bending processors are now a mere engineering challenge, so it’s buying a foundry to test and tweak them. It’s a way to put $17 bln of puffed-up stock to work and tap yet more hype f...
tinyurl.com
January 26, 2026 at 7:30 PM
Quantum chip M&A puts memes in superposition - tinyurl.com/yk23pru8 @robcyran.bsky.social
Zijin’s $4 bln Canada gold grab has scarcity value www.breakingviews.com/columns/brea... @karenkkwok.bsky.social
Zijin’s $4 bln Canada gold grab has scarcity value
The $72 bln Chinese miner wants to do deals, but players like Newmont are either too big, too American, or both. Toronto-listed, Africa-heavy Allied Gold is one it can get done. Still, given Zijin is ...
www.breakingviews.com
January 26, 2026 at 6:14 PM
Zijin’s $4 bln Canada gold grab has scarcity value www.breakingviews.com/columns/brea... @karenkkwok.bsky.social