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☆ The stock market is having its best election year ever
▼ + stars: | 2024-06-24 | by ( Nicole Goodkind | Matt Egan | ) edition.cnn.com time to read: +9 min

The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.

Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, “, ”, Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, — Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, “, Alaska, China

☆ China's ByteDance is reportedly working with Broadcom to develop advanced AI chip
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +3 min

BEIJING — China's ByteDance is working with U.S. chip designer Broadcom on developing an advanced AI processor, two sources familiar with the matter told Reuters, a move that would help TikTok's owner secure sufficient supply of high-end chips amid U.S.-Sino tensions. Securing AI chips is crucial for ByteDance to make its algorithms more powerful. To support its AI push, ByteDance has stockpiled Nvidia chips, according to a separate person who was briefed on the matter. Bytedance currently has hundreds of semiconductor-related job openings posted, including 15 for ASIC chip designers, according to checks of its website. It has also been poaching top people from other Chinese AI chip firms, according to one of the sources who has direct knowledge of this issue.

Persons: TSMC, ByteDance, Bailly, Bytedance Organizations: BEIJING, U.S, Broadcom, Reuters, ByteDance, supercomputing, China's, Competition, Huawei HWT.UL, Nvidia Locations: Washington, U.S, China, ByteDance

☆ The sneaky, smart reasons malls have no windows
▼ + stars: | 2024-06-22 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +8 min

The birth of the American mall ushered in an era of “windowless” shopping that’s largely still here. But the sneakiest reason why malls limit windows could be to make shoppers lose track of time. Windowless shopping creates an environment of consumption without distractions,” Flickinger said. The Southdale mall was functional and drab to look at and that is the blueprint that all traditional enclosed malls have continued to follow. Some of these adaptive uses of traditional malls might be creating a practical need for windows after all, she said.

Persons: mallgoers, Burt Flickinger, Bill Peters, ” Flickinger, “, Victor Gruen, Gruen, Larry Salzman, Stephanie Cegielski, ”, Cegielski, ” Alexandra Lange, Lange, Thomas McMillan, ” Lange, Kristin Mueller, Kena Betancur Organizations: New, New York CNN, Strategic Resource Group, CNN, Shoppers, Denver, Getty, Denver Post, ”, Southdale, Minneapolis –, Gruen Associates, International Council of Shopping Centers, “, Sears, Roebuck, of Retailing Studies, Texas, Mays Business School, Energy, Customers, North Locations: New York, Northglenn, Northglenn , Colorado, Minneapolis, Austria, Los Angeles, Edina , Minneapolis, ”, Framingham , Massachusetts, United States, America, American, East Rutherford , New Jersey, North America

☆ WNBA: A’ja Wilson and Caitlin Clark lead early All-Star voting
▼ + stars: | 2024-06-22 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Two-time WNBA MVP A’ja Wilson and rookie superstar Caitlin Clark lead the early fan voting for the WNBA All-Star Game, the league announced on Friday. A combination of fan, player, media and coach voting will determine who takes part and, after the first round of fan voting, Wilson leads with 217,773 votes and Clark trails just behind with 216,427. Wilson, a five-time All-Star already, is the current league leader in scoring and rebounding this season, averaging 27.9 points and 11.3 rebounds each game. Clark’s teammate Aliyah Boston, who was named Rookie of the Year in 2023, is in third place in the fan voting while Angel Reese is in seventh. Once the voting concludes, players in the top 10 who haven’t been selected for the USA will join the roster of the WNBA All-Stars team.

Persons: A’ja Wilson, Caitlin Clark, clamor, Wilson, Clark, Brian Fluharty, NaLyssa Smith, Clark’s, Angel Reese, haven’t Organizations: CNN, WNBA, Footprint, Las Vegas Aces, Connecticut Sun, Indiana, Atlanta, Farm, Boston, USA Basketball Women’s, USA Locations: Phoenix, Connecticut, USA

☆ French Business Leaders See Threat to Economy From Macron’s Opponents
▼ + stars: | 2024-06-20 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

Both the far-right National Rally party in France and its competing left-wing New Popular Front coalition are promising to save the country from financial ruin. But French executives gave a chilly reception Thursday to competing economic platforms from the rival parties, warning that both could endanger the French economy and distance France from the European Union. With less than two weeks before pivotal legislative elections, members of MEDEF, the main employers association in France, held an “audition” for candidates from the main political parties that are vying to seize power from President Emmanuel Macron, whose government has been severely weakened after his party was battered by the far right in European Parliament elections. Mr. Macron called for snap parliamentary elections, gambling that voters would reject extremes and embrace his centrist Renaissance party. The first round of voting is slated for June 30, and the final round for July 7.

Persons: MEDEF, ”, Emmanuel Macron, Macron Organizations: Popular Front, European Union, Renaissance Locations: France

☆ How MBAs Are Skipping the Corporate Ladder to Become CEOs
▼ + stars: | 2024-06-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

Read previewWhat's the most sought-after job opportunity for graduating students of top business schools like Harvard Business School, Wharton at UPenn, and Stanford's Graduate School of Business? For the 2024 CIT program, which starts this summer, Alpine received 750 applications for just 12 slots, giving it an acceptance rate of 1.6%. Related stories"You're moving from Yale Law School and Harvard Business School to Jackson, Mississippi, to run a plumbing company," Anderman said as an example. Wurtzbacher also got invaluable leadership training from Weaver, a longtime professor at Stanford's Business School and winner of the MBA Distinguished Teaching Award in 2024. The CIT program is so attractive to them because it offers a clear path to doing this by leading a company.

Persons: —, Wharton, David Wurtzbacher, Wurtzbacher, Tal Lee Anderman, Graham Weaver, Weaver, JP, Graham, Anderman, they're, they've Organizations: Service, Harvard Business School, Stanford's Graduate School of Business, McKinsey, Business, Investors, Harvard, Stanford Business School, Green, Partners, CIT, Alpine's CIT, Wharton, Alpine, BI, Yale Law School, Alpine's San, Stanford's Business School, Stanford Locations: UPenn, San Francisco, Stanford, Manhattan, America, Jackson , Mississippi, Alpine's, Alpine's San Francisco, York, Carolinas, Virginia

☆ Inside the highly competitive training program that puts MBAs into a CEO role right after graduation — and is harder to get into than Harvard
▼ + stars: | 2024-06-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

☆ Paris loses stock market crown to London as political upheaval looms
▼ + stars: | 2024-06-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections. The first round of the French elections is scheduled for June 30, followed by a second round on July 7. Hubert de Barochez, a senior market economist at consultancy Capital Economics, said investors might be concerned that a parliament run by the National Rally would penalize banks. In contrast with the political and financial turmoil in France, UK financial markets are “relatively stable,” said Rudolph at IG Group. Credit ratings agencies are already keeping a close eye on France, one of the EU’s three most-indebted countries.

Persons: Emmanuel Macron, Axel Rudolph, you’ve, ”, OpinionWay, Macron, Hubert de Barochez, Rudolph, Richard Hunter, Mohit Kumar Organizations: London CNN, Bloomberg, CAC, FTSE, European Union, “, CNN, National, BNP, Credit, Capital Economics, IG Group, Labour Party, Interactive Investor, National Rally, Jefferies Locations: Paris, France, United Kingdom, Europe’s, Britain

☆ Boston Celtics capture historic 18th NBA title with 106-88 Game 5 victory over Dallas Mavericks
▼ + stars: | 2024-06-17 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +5 min

The Celtics beat the Dallas Mavericks 106-88 in Game 5 of the NBA Finals in Boston on Monday night to win the series 4-1 and secure their league-record 18th title. I’m lost for words.”Brown was named the NBA Finals MVP after averaging 20.8 points, 5.4 rebounds and five assists per game in the series. 7, was named the NBA Finals MVP. He scored 21 points Monday, and averaged 20.8 points, 5.4 rebounds and five assists per game in the series. Celtics guard Jrue Holiday had 15 points and 11 rebounds, while playing relentless defense to hold the Mavericks stars in check.

Persons: Jayson Tatum, Jaylen Brown, Tatum, Brown, “, I’m, ” Brown, Russell, Garrett Ellwood, Dallas, Payton Pritchard, Luka Dončić –, –, Kyrie Irving, Jrue Holiday, overqualified, Derrick White, we’ve, ” Tatum, CNN’s Samuel Joseph Organizations: CNN, Boston Celtics, Celtics, Dallas Mavericks, NBA, ABC, Lakers, Mavericks, Boston, Miami Heat, Cleveland Cavaliers, Indiana Pacers, Eastern, Golden State Warriors Locations: Boston, Minneapolis, Los Angeles, Dallas

☆ French protests add to Macron's political gamble as election race heats up
▼ + stars: | 2024-06-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Matthieu Delaty | Afp | Getty ImagesFrance's election campaign kicked off in earnest Monday following a weekend of violent nationwide protests against the far-right National Rally, or RN, whose record European Parliament gains sparked the snap vote. Protesters gather during an anti far-right rally after French president called legislative elections following far-right parties' significant gains in European Parliament elections, in Paris on June 15, 2024. More likely, however, is a "messy" hung parliament, he said — part of Macron's gamble to discredit RN's legitimacy ahead of the 2027 presidential elections. French stocks gained on Monday, with Goldman Sachs' senior European strategist Sharon Bell saying that the sell-off may have been premature. Protesters gather during an anti-far-right rally after French President Emmanuel Macron called legislative elections following far-right parties' significant gains in European Parliament elections in Paris on June 15, 2024.

Persons: Matthieu Delaty, Jordan Bardella, France's Le, Lou Benoist, Emmanuel Macron's, Mujtaba Rahman, Mujtaba, Goldman Sachs, Sharon Bell, Bell, CNBC's, Emmanuel Macron Organizations: National Rally, Afp, Getty, France's Le Monde, CGT, CNBC, Union, Eurasia, CAC, Generale, Protesters Locations: Lyon, France, Paris, Europe

☆ Markets fear the French far right could trigger a financial crisis
▼ + stars: | 2024-06-14 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +5 min

President Emmanuel Macron called the snap elections Sunday after his party lost to the far right in a vote for EU lawmakers, a shock move that rattled markets for French stocks and government bonds. There has been widespread speculation since then that the National Rally, the party of far-right doyenne Marine Le Pen, is poised to become the most powerful force in parliament, unseating Macron’s centrist bloc. The risk of something similar happening in France is real, according to the country’s finance minister, Bruno Le Maire. “This comes down to the (parties’) plans that are on the table, whether we can, yes or no, finance this debt,” Le Maire said. The National Rally has promised to raise public spending and slash VAT on electricity and fuel.

Persons: Emmanuel Macron, Pen, ”, Truss, Bruno Le Maire, Le Maire, “, ” Le Maire, ’ jitters, Ludovic Marin, La Tribune Dimanche, Frank Gill, Moody’s, ” Joseph Ataman, Mark Thompson Organizations: London CNN —, EU, National, ‘, AAA, Getty Images Stock, haven’t, CNN, BFMTV, La Tribune, National Rally, European Central Bank, ECB Locations: France, ‘ France, French, Portugal, Europe, Italy, AFP, Paris, London

☆ From prison to the trenches: Inside Ukraine’s attempt to turn inmates into soldiers
▼ + stars: | 2024-06-13 | by ( Daria Tarasova-Markina | ) edition.cnn.com time to read: +11 min

Central Ukraine CNN —Battalion commander Dmytro Kukharchuk speaks quietly but firmly. Dmytro told CNN he knew he wanted to fight from the moment the war started. But since I couldn’t, I will now protect other families who want to live and have children,” he told CNN. Dmytro told CNN that he grew up as an orphan and started stealing when he was young. Of the 17 inmates who wanted to join on the day CNN visited the prison, the 3rd Separate Assault Brigade recruited 12.

Persons: Dmytro Kukharchuk, –, Kukharchuk doesn’t, attentively, ”, Daria Tarasova, Kukharchuk, “, I’m, Wagner, Denys Maliuska, Maliuska, Dmytro, CNN ‘ Organizations: Central, Central Ukraine CNN —, Ukraine, Separate Assault Brigade, CNN, Russia, Ministry of Justice, Ukraine’s, Ministry, 110th Mechanized Brigade, Ministry of Defense, Armed Forces of Locations: Central Ukraine, Bakhmut, Ukraine, Russia’s, Avdiivka, Ukrainian, Kyiv, Russia, Armed Forces of Ukraine, Russian, Izium, Kukharchuk

☆ US Open: Rory McIlroy and Patrick Cantlay tame ferocious Pinehurst No. 2 but Scottie Scheffler starts slowly
▼ + stars: | 2024-06-13 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —Rory McIlroy and Patrick Cantlay emerged unscathed as Pinehurst’s notorious No. 2 course sunk its teeth into the first round field at the 124th US Open on Thursday. Seeking to end a 10-year wait for his fifth major crown, world No. 3 McIlroy was a picture of control, avoiding a single bogey before signing off with a superb birdie putt from almost 20 feet. The last three times McIlroy has made a bogey-free start at a major, he’s gone on to lift the trophy – including at the 2011 US Open.

Persons: Rory McIlroy, Patrick Cantlay, Northern Ireland’s McIlroy, McIlroy, Germany’s Martin Kaymer, he’s, I’ve, ” McIlroy, Sean M, Cantlay, “ I’ve, Scottie Scheffler, Xander Schauffele, Wyndham Clark, Scheffler, Jared C, Tilton, Sweden’s Ludvig Aberg, Aberg, “, ”, “ I’m, I’m, ” Woods, Bryson DeChambeau, France’s Matthieu Pavon, ” Pavon, Tiger Woods, Woods, Viktor Hovland, Justin Thomas, Phil Mickelson Organizations: CNN, 124th, Getty, Pinehurst Locations: North Carolina, Northern

☆ How Jordan Bardella has helped give the far right an acceptable face in France
▼ + stars: | 2024-06-12 | by ( Saskya Vandoorne | ) edition.cnn.com time to read: +6 min

He’s poised to become the next prime minister if the French president loses his gamble in the upcoming snap election. Bardella, the National Rally party leader, grew up an only child in social housing in Seine-Saint-Denis, a working-class suburb in the northeast of Paris. Le Pen handpicked the young politician to head the party in 2022 – ending a 50-year-rule by the Le Pen dynasty – and bring a fresh boost to the French populist right. Le Pen, a self-described Bardella groupie, has said she’s always been a great admirer of his and that he shows great maturity. Bardella and Le Pen attend the National Rally party's Congress in Paris, France, November 5, 2022.

Persons: Jordan Bardella, Emmanuel Macron’s, He’s, Denis, ” Bardella, ”, Macron, Le Pen, Le, Marine’s, Jean, Marie Le Pen, Bardella, Jeff Pachoud, Dominique Moisi, “, relatable, Luc Mélenchon, Critics, Eric Ciotti, France’s, Pen, Bardella –, –, she’s, Christian Hartmann, Emma Leyo Organizations: Paris CNN —, National Rally, Sorbonne, France, National, Macron’s, BFMTV, Republicans, Rally party's Locations: French, Seine, Paris, France, AFP, East, Africa

☆ Macron's snap election gamble in France resurfaces an old criticism — that he's arrogant
▼ + stars: | 2024-06-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Left-leaning newspaper Liberation described the snap election call as an "extreme gamble," while the center-right Le Figaro ran a brief headline Monday: "Le choc" ("shock"). That happened well before the humiliation of the European election results, in which Macron's Renaissance party got less than half as many votes as the far-right Rassemblement National ... In the meantime, other commentators and newspapers, such as Les Echos, have characterized Macron's move as a game of poker. Macron's supporters defend the president as a self-made and ambitious man who has a direct way of speaking to voters. "First, he has interpreted the vote for the European Parliament as a personal insult, as a rejection of his domestic policy direction.

Persons: Emmanuel Macron, Xi Jinping, Ursula von der Leyen, Gonzalo Fuentes, Emmanuel Macron's, Macron, drubbing, Jordan Bardella, Le Figaro, Alexis Brézet, Fenoglio, Macron's, it's, Robert Ladrech, Chirac Organizations: Reuters, Macron's Renaissance Party, National Assembly, Le Monde, CNBC, Keele University Locations: Paris, France, what's, EU

☆ What to Know About France’s Snap Parliamentary Elections
▼ + stars: | 2024-06-10 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

President Emmanuel Macron threw French politics into disarray on Sunday when he unexpectedly called for snap elections. The surprise move came after his party was battered by the far right in European Parliament elections. Mr. Macron dissolved the lower house of France’s Parliament and said the first round of legislative elections would be held on June 30. France now finds itself in unpredictable territory, with the future of Mr. Macron’s second term potentially at stake. Mr. Macron’s centrist Renaissance party came in a distant second, with about 14.6 percent.

Persons: Emmanuel Macron, Macron, Macron’s, Jordan Bardella Organizations: National Rally, Marine, Renaissance Locations: France

☆ CNBC Daily Open: Far right gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advanceFrench President Emmanuel Macron said he will dissolve parliament and call for a new legislative vote after his Renaissance party suffered a major defeat at the EU elections. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Korea's Kospi, Macron Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Nikkei, Markets, Nvidia, Apple Locations: Europe, freefall, Japan, Asia, Australia, Hong Kong, China

☆ CNBC Daily Open: Far-right makes gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package. Despite a recent 2% drop in Aramco's stock and pressures on global oil prices, the offering attracted strong international demand.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Prince Mohammed bin, Aramco's, Morgan Stanley, there's Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Saudi, Nvidia Locations: Europe, freefall, Saudi Arabia, Aramco, Saudi

☆ France’s Macron bets big and stares down the far right
▼ + stars: | 2024-06-10 | by ( Saskya Vandoorne | Joseph Ataman | ) edition.cnn.com time to read: +8 min

When Jordan Bardella, the leader of the far-right National Rally party, called on Macron to dissolve the French national parliament on Sunday night, it seemed like political posturing, riding high on his victory in European polls. Calling the far right’s bluffMacron will try to rally the right and left, urging their supporters to come together and vote against the far right, but there’s no knowing if it’ll pay off. The last time a French president dissolved the country’s lower house, the National Assembly, was in 1997. French far-right leader Marine Le Pen arrives at the National Rally party headquarters on Monday, June 10, 2024 in Paris. This could see voters of different stripes banding together to oppose a candidate from the far right.

Persons: parry, Emmanuel Macron, Jordan Bardella, ”, Macron, Jacques Chirac, Stephane Séjourné, Séjourné, ” Manon Aubry, Jean, Luc Mélenchon, Marine Le Pen, Thomas Padilla, Le Pen, Pen, Bruno Le Maire, Hannah McKay, he’ll, It’ll, ” Macron, Bardella, Yaël Braun Organizations: Paris CNN, National Assembly, French, Radio France, France, National Rally, French Finance, National, RTL, Getty, Macron’s, “ Locations: France, Republic, Macron, Gaza, Paris, Europe, Macron’s, Le Touquet

☆ 'Huge political gamble': France's Macron calls for snap election his rival Le Pen could easily win
▼ + stars: | 2024-06-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Chesnot | Getty Images News | Getty ImagesFrench President Emmanuel Macron's decision to call a snap national election after a surge for his far-right rivals is a high-stakes move and a huge political gamble, analysts say. Macron's decision to call a snap parliamentary vote comes after the right-wing National Rally (RN) party, led by Marine Le Pen, won around 31% of the vote in Sunday's European Parliament election. That was more than double the 14.6% seen for Macron's pro-European and centrist Renaissance Party and its allies. France's CAC 40 slumped 1.8% in the early hours of trading Monday morning with French banks trading sharply lower. "This is an essential time for clarification," Macron said in a national address Sunday evening as he announced his decision to dissolve parliament.

Persons: Emmanuel Macron, Emmanuel Macron's, Macron, Le Pen, Macron —, —, Daniel Hamilton, Johns Hopkins University SAIS, Antonio Barroso, Teneo, Barroso, Le, Douglas Yates, Yates Organizations: Getty, Getty Images, Marine, Sunday's, Renaissance Party, CAC, BNP, Societe Generale, Foreign, Institute, Johns Hopkins University, CNBC, Research, National Assembly, American Graduate School Locations: Chesnot, France, Paris

☆ French election shock hits stocks and the euro
▼ + stars: | 2024-06-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday. The first round of the French election is scheduled for June 30, followed by the second round on July 7. Under the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. Higher yields indicate that investors want a bigger premium to buy French bonds given the political uncertainty. “A right-wing majority in the (French parliament) would hamper any reform plans.

Persons: Emmanuel Macron, Macron, Générale, “, ”, Mike O’Sullivan, whittle, Andrew Kenningham, ” Mohit Kumar Organizations: London CNN, BNP, Credit Agricole, National, National Assembly, CNN, Capital Economics, Jefferies Locations: Paris, Europe, —, France

☆ Iran election: Mostly hardline candidates approved for next presidential vote
▼ + stars: | 2024-06-10 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +3 min

CNN —The Iranian election committee has approved a slate of mostly hardline candidates to run in the presidential election on June 28, following the helicopter crash that killed President Ebrahim Raisi and other officials last month. Out of 80 initial candidates, only six individuals were approved in a vetting process by Iran’s Guardian Council, a powerful 12-member body charged with overseeing elections and legislation. The slate includes hardline parliament speaker and former Revolutionary Guards commander Mohammad Baqer Qalibaf and Saeed Jalili, ex-chief nuclear negotiator and former head of the Supreme National Security Council, Iran’s top security body. Competition is expected to be fierce between Qalibaf and Jalili, both of whom backed Raisi in the 2021 presidential election. The Guardian Council has, however, also approved Masoud Pezeshkian, a reformist lawmaker who served as parliament deputy speaker from 2016 to 2020.

Persons: Ebrahim Raisi, Mohammad Baqer Qalibaf, Saeed Jalili, ”, Sina Toossi, Amir Hossein Ghazizadeh Hashemi, Alireza Zakani, Mostafa Pour Mohammad, Masoud, Pezeshkian, Mahmoud Ahmadinejad, Ali Larijani, growingly restive Organizations: CNN, Iran’s Guardian Council, Revolutionary, Supreme National Security Council, Center for International, Guardian Council Locations: Iranian, Iran

☆ Far right surges in European Parliament elections but center still holds
▼ + stars: | 2024-06-09 | by ( Christian Edwards | ) edition.cnn.com time to read: +4 min

CNN —Far-right parties are predicted to win a record number of seats in the European Parliament, a result that, if confirmed, would deliver a stinging rebuke to Brussels’ political mainstream and add uncertainty to Europe’s future direction. Most of the far-right gains were concentrated in countries that elect large numbers of seats: France, Italy and Germany. Alternative for Germany (AfD) party co-leaders Alice Weidel and Tino Chrupalla cheer the exit poll in Berlin, Germany, June 9, 2024. Annegret Hilse/ReutersWhile the far-right surge may further complicate Brussels’ bid for unity, the far-right parties themselves remain relatively divided. Several other far-right parties are among the non-aligned (NI) group, predicted to secure 45 seats.

Persons: Ursula von der Leyen, –, ”, Europe’s centrists, Le, Emmanuel Macron, Jordan Bardella, ” Macron, Brigitte Macron, Stephane Lemouton, Olaf Scholz, Scholz, shored, ” von der Leyen, Alice Weidel, Tino Chrupalla, Annegret Hilse, Maximilian Krah, Roberta Metsola Organizations: CNN, European People’s Party, EPP, Macron’s Renaissance Party, Socialists, Social Democrats, Christian Democrats Party, CDU, EU, Forces, Reuters, Nazi, SS, Brussels Locations: Brussels, France, Italy, Germany, France’s, Europe, Britain, Russia, Ukraine, Kyiv, Berlin

☆ Macron calls snap parliamentary election after crushing loss to far-right in European election poll
▼ + stars: | 2024-06-09 | by ( Niamh Kennedy | Christian Edwards | ) edition.cnn.com time to read: +3 min

Within an hour, Macron made a national address, announcing he would dissolve the French lower house and hold parliamentary elections. In the capacity of the French people to make the most just decision,” the French president added. Macron and the First Lady Brigitte Macron at the Touquet polling station, for the European elections, June 9, 2024. Stephane Lemouton/SIPA/APUnder the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. The last time a French president dissolved parliament was in 1997, which led to Jacques Chirac losing his majority and ushering the Socialists into power under Lionel Jospin.

Persons: CNN —, Emmanuel Macron, Jordan Bardella, “, ” Bardella, Macron, ” Macron, Brigitte Macron, Stephane Lemouton, –, ”, Le Pen, Jacques Chirac, Lionel Jospin Organizations: CNN, National Assembly, Sunday, Socialists, Assembly, Trust, Macron’s

☆ France's Macron calls for snap election after losing big to the far right in EU vote
▼ + stars: | 2024-06-09 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

French President Emmanuel Macron on Sunday said he would dissolve the country's parliament and call for a new legislative nationwide vote after suffering a heavy defeat at EU elections. After requesting that Macron call an election, Le Pen welcomed the news, saying on X: "We are ready for it." It's a risky move by Macron, who could be left with no control over France's domestic issues if RN wins a parliamentary majority. The first round of the parliamentary election will take place on June 30, with the second round on July 7, Macron said. The center-right European People's Party (EPP) is once again projected to win the most parliamentary seats, however, with slightly more seats than before.

Persons: Emmanuel Macron, Macron, Le Pen, isn't, — CNBC's Charlotte Reed Organizations: EU, France TV, Macron's, CNBC, European People's Party, EPP Locations: Elysee, Paris, France

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