Finance
So Macron will just appoint a new prime minister, right? Yes, but it’s not that simple. The French National Assembly is divided into three political blocs: Macron’s centrists, the far-right National Rally, and the left-wing coalition. The three groups are poles apart on politics and refuse to work together, meaning that any new government could…
LESS THAN three months after it was appointed, Michel Barnier’s minority government looks to be on the way out. On December 2nd the French prime minister used an emergency provision of the constitution, known as 49.3, to force the social-security part of his budget through parliament without a vote. This prompted the left-wing alliance to…
France’s major far-right party is ready to take down Michel Barnier’s government after he declined to meet all of their demands for next year’s budget. The breakdown was sparked by a move by Barnier to use a constitutional mechanism that allows for the adoption of the social security bill without a vote. Marine Le Pen’s…
Photo: Spencer Platt (Getty Images) In This Story The tech-driven Nasdaq reached a high on Monday, driven by gains by Intel and Tesla (TSLA+3.13%), getting December off to a good start after a November that was the best month of 2024 for both the Dow and S&P 500. In the afternoon, the Dow Jones Industrial…
The French government nearing collapse is dominating the news today. At first look, what’s happening in France couldn’t be more different from our situation – their government is a crumbling coalition, while the mighty majority in the UK should make our government an edifice. But on both sides of the Channel the same ructions apply:…
It may be the holiday season on Wall Street, but that doesn’t mean analysts aren’t out and about making calls into year-end. Here are three notes that caught my attention before 6 a.m. ET. After a recent management meeting, JPMorgan’s longtime retail analyst Matt Boss is upgrading his rating on Gap (GAP) to Overweight (Buy…
New York – U.S. stocks are kicking off December by drifting around their record heights on Monday. The S&P 500 rose 0.2% in midday trading after closing its best month of the year at an all-time high. The Dow Jones Industrial Average was down 103 points, or 0.2%, as of 11:30 a.m. Eastern time, and…
Foreign investors are fueling the “mother of all bubbles” in US stocks, Ruchir Sharma wrote in the FT. “Global investors are committing more capital to a single country than ever before in modern history.” As money flows into US markets, fundamentals will erode across foreign economies, he said. Despite mounting geopolitical and macroeconomic concerns globally,…
Morning Brief Co-hosts Seana Smith and Brad Smith analyze US stock futures (ES=F, YM=F, NQ=F), exploring factors suggesting continued market growth while examining historical December market performance since 1990. They also highlight the S&P 500’s (^GSPC) ascent throughout 2024 as the first trading day of December kicks off. To watch more expert insights and analysis…
Starting the first trading session of December, the Nasdaq Composite (^IXIC) leads stocks in gains as it jumps higher than 0.5% after the opening bell; the index is up over 28% year-to-date. Morning Brief host Brad Smith and Yahoo Finance markets and data editor Jared Blikre observe this morning’s market action, while looking back on…