FINANCIAL MARKETS

Dec 03 2024POLITICS

French Government Faces Make-or-Break Vote

French lawmakers stirred up a potential government shake-up on Monday. They introduced a no-confidence motion targeting Prime Minister Michel Barnier. This move could lead to the far-right party taking the helm. The trigger? Barnier's 2025 budget plan, which includes hefty tax hikes and spending cuts. He aimed to tackle France's high deficit, projected to hit 6. 1% o...

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Nov 25 2024BUSINESS

Wall Street Breathes Sigh of Relief with Scott Bessent’s Treasury Nomination

Business leaders are letting out a collective sigh of relief after President-elect Donald Trump picked Scott Bessent to lead the Department of Treasury. Bessent, a 62-year-old hedge fund executive, faced some internal debates before securing the role. His global investment experience and bipartisan support have won him praise from Wall Street giants like JPMorgan Cha...

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Sep 19 2024BUSINESS

The Rate Cut Revolution: A Bold Move by the Fed

The Federal Reserve took a significant step by reducing the federal funds rate to a range of 4.75 percent to 5 percent. This move has left many wondering how far and how fast the Fed will cut rates in the future. In June, Fed Chair Jerome Powell hinted that the era of near-zero interest rates might be over, but the central bank's projections showed a median interest ...

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Sep 12 2024POLITICS

Markets Give Kamala Harris the Upper Hand in Presidential Debate

What if the market's reaction to the debate is more about sentiment than substance? Has the analyst's assumption that markets are accurately predicting the election outcome been tested? Or is it just a fleeting reaction to a momentary shift in perceived probability? As the dust settles on Tuesday's presidential debate, markets are painting a clear picture: Kamala Har...

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