DIRS.INFO The most relevant business & tech news

A woman steps out of a polling booth prior to cast her vote in the first round of parliamentary elections in Le Touquet, northwestern France, on June 30, 2024. LONDON — France's left-wing New Popular Front coalition is set to unexpectedly win the most seats in the second round of the country's parliamentary election but fail to clinch an absolute majority, early data showed. By offering voters a starker choice and fewer candidates, RN's opponents hoped that the electorate would choose the non-RN candidate. The prime minister must leave," Jean-Luc Melenchon, leader of the France Unbowed party, said in a CNBC-translated social media update after the release of the early poll data. The final round of the election shows that voters, ultimately, have rejected Macron.

Persons: France's, France Unbowed, Ipsos, Emmanuel Macron's, —, pollster Ipsos, Jean, Luc Melenchon, Macron, Melenchon, Macron's Organizations: LONDON, Popular Front, Socialists, CNBC, NFP, National Rally Locations: Le Touquet, France, Europe's

☆ Analysis: Macron’s gamble has kept the far right out of power, but plunged France into chaos
▼ + stars: | 2024-07-07 | by ( Jerome Taylor | Analysis Sakya Vandoorne | ) edition.cnn.com time to read: +4 min

The bloc brings together five different parties. Far-left France Unbowed and the Communist party has joined with the center-left parties, the socialists and the greens to form a New Popular Front. It’s equally hard to imagine how the current constellation would allow France to play an important role regarding Ukraine. The left has remained relatively quiet on Ukraine - different parties from the coalition have slightly different stances - France Unbowed is against what it calls “escalation” with Russia. Macron’s gamble may have prevented the far right from coming to power, but it could yet plunge the country into chaos.

Persons: CNN — “, Emmanuel Macron, France’s, Jordan Bardella, Macron, Le Pen, it’s Organizations: CNN, la Republique, NFP, France Unbowed, Communist, National Assembly Locations: la, Paris, France, Ukraine, Macron, Russia, Macron’s

☆ French voters head to polls for crucial second round of snap parliamentary election
▼ + stars: | 2024-07-07 | by ( Christian Edwards | ) edition.cnn.com time to read: +5 min

The newly-formed left-wing coalition, the New Popular Front (NFP), came second with 28%, while Macron’s Ensemble alliance trailed in a distant third with 21%. In the outgoing parliament, Macron’s alliance had only 250 seats, and so needed support from other parties to pass laws. In an attempt not to split the anti-far right vote, more than 200 candidates from Macron’s alliance and the NFP agreed to stand down in the second round. Whatever the result of Sunday’s vote, France seems set to endure a period of political chaos, with Macron unable to call another parliamentary election for at least a year. Jordan Bardella speaks at the RN headquarters in Paris after the first round of voting, June 30, 2024.

Persons: Emmanuel Macron, –, Jordan Bardella, Bardella, Gerald Darmanin, Sarah Meyssonnier, Macron, Jean, Luc Melenchon, Raphael Gluckmann, Gabriel Attal, Macron’s Organizations: CNN — Voters, Front, NFP, National Assembly, Macron’s, France Unbowed, Melenchon Locations: France, Vichy, Paris, Europe, Brussels, Ukraine

☆ A California city is giving new parents $500 a month. It's one of a growing number of basic income pilots focused on families.
▼ + stars: | 2024-07-07 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

That's why city officials in Pomona, California — a city in LA county — are planning to offer guaranteed basic income to new parents. The basic income pilot — called Pomona Household Universal Grants Pilot Program — is run through the city and FORWARD, an organization that helps governments administer resources to their communities. Pomona's program mirrors over 100 basic income pilots across America. Basic income continues to face political and legal opposition across the US, and not all policymakers agree that cash payments are a sustainable approach to poverty. Have you benefited from a guaranteed basic income program?

Persons: —, Joe Biden's, Tim Sandoval, Sandoval, Louis, Luke Shaefer, Shaefer Organizations: Service, Business, Pomona Household, SNAP, University of California, Mayor, Child Tax, Infants, University of Michigan Locations: Pomona , California, LA, Pomona, America, Los Angeles, Baltimore, St, Marin County , California, Flint

☆ France’s Snap Election Enters Its Final Hours
▼ + stars: | 2024-07-06 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

Voters in France will cast ballots on Sunday in the final round of snap legislative elections. The results could force President Emmanuel Macron to govern alongside far-right opponents or usher in chronic political instability weeks before the Paris Summer Olympics. Most polls close at 6 p.m. local time on Sunday, or as late as 8 p.m. in larger cities. The first round of voting was dominated by the nationalist, anti-immigration National Rally party. An alliance of left-wing parties called the New Popular Front came in a strong second, while Mr. Macron’s party and its allies came in third.

Persons: Emmanuel Macron, Macron, Will Organizations: Paris, National Assembly, Rally Locations: France

☆ 'A kind of civil war': Divided France on high alert for unrest amid political earthquake
▼ + stars: | 2024-07-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

Prime Minister Gabriel Attal has said French voters now have a "moral duty" to halt the party's advance. The officer — a father of three who's in his 40s, and a right-leaning voter — said the polarization in French society was "very worrying, but unfortunately normal with the 'diversity' of our society." The police officer said he expected civil unrest after the vote, whichever party gained the most votes. "There will be civil unrest whoever is elected, this is France and the people speak their mind." Civil unrest possiblePolitical experts agree that the current febrile atmosphere of French politics, and antagonism between the main bodies of voters, are the ingredients for further civil unrest.

Persons: that's, Emmanuel Macron, Macron, Gabriel Attal, Amel, Sebastien Salom, Gérald Darmanin, —, You've, Philippe Marlière, you've, Marlière, Jordan Bardella, Bardella, Ifop Organizations: la Republique, Nurphoto, CNBC, Front, Left, Afp, Getty, Republican, France's, Republique, Rassemblement, Anadolu, University College London, National Assembly, National, NATO, Le, Palais des Sports Locations: la, Paris, France's, France, Nantes, gomis, de, Bordeaux, Europe, Ukraine

☆ Reformist lawmaker Masoud Pezeshkian wins Iran’s presidential vote
▼ + stars: | 2024-07-05 | by ( Michael Rios | James Legge | ) edition.cnn.com time to read: +7 min

CNN —Reformist candidate Masoud Pezeshkian has won Iran’s presidential election, Iranian state news agency Press TV reported Saturday citing the country’s election headquarters, beating his hardline rival in a pivotal vote at a time of tensions at home and abroad. The first round saw the lowest voter turnout for a presidential election since the Islamic Republic was established in 1979. The lawmaker was the only reformist candidate vying for the top elected seat in the country after dozens of other candidates were barred from running. During the 2022 protests, Pezeshkian said in an interview with Iran’s IRINN TV: “It is our fault. Other factors may be more difficult to change, particularly Iran’s foreign policy.

Persons: Masoud Pezeshkian, Pezeshkian, Saeed Jalili, Israel, Ebrahim Raisi, Hossein Amir, ”, Mohammad Khatami, Mahsa, Amini, Iran’s, Sanam Vakil, Vakil, Israel “, Israel Katz, Qasem Soleimani, “, aren’t, Javad Zarif, Zarif, Seyyed Ali Khamenei, Khamenei Organizations: CNN — Reformist, Press, Press TV, Foreign, Supreme, United Nations, North Africa, Chatham House, Israeli, Iran Revolutionary Guard Corps ’, Iran Revolutionary Guard Corps ’ Quds Force Locations: Jalili, Islamic Republic, Iran’s, Iran, Persian, East, London, Israel, Gaza, Lebanon, Iran Revolutionary Guard Corps ’ Quds

☆ Resisting the Far Right at a Festival of French Theater
▼ + stars: | 2024-07-05 | by ( Laura Cappelle | ) www.nytimes.com time to read: +1 min

There are two sides to Tiago Rodrigues, the Portuguese director who has led the Avignon Festival since last year. One — gentle, introspective, given to dissecting intimate human conflicts — has long been evident in his stage productions. That includes “Hecuba, Not Hecuba,” his latest premiere in Avignon, in which a mother fights for justice after her son is mistreated by a state institution. On the other side, Rodrigues has also turned out to be a combative, politically outspoken leader for the French festival, a marquee event on the international theater calendar. JoeyStarr, a French rapper, recited a poem by Léon-Gontran Damas.

Persons: Tiago Rodrigues, —, ”, Rodrigues, de Bergman, Boris Charmatz, Isadora Duncan, JoeyStarr, Léon, Gontran Damas Locations: Portuguese, Avignon, France, French

Farage’s Reform UK party attacked the Conservative Party on its failure to bring down rates of legal and illegal migration. He won Clacton on a massive swing towards Reform UK, picking up 21,225 votes to the Conservatives’ 12,820. He pledged to “challenge the general election properly in 2029,” and promised to turn his rhetoric toward the Labour Party as it enters government. In many seats around the UK, Reform came second to Labour. Farage said the “Labour government will be in trouble very, very quickly and we will now be targeting Labour votes.

Persons: Nigel Farage, Britain’s, Donald Trump, Farage, ”, Euroskeptic, Keir Starmer, It’s, ” Farage, Labour –, upended, Rosa Prince, Conservative Party ”, ” Prince Organizations: CNN, Reform, Brexit, UK, Farage’s Reform, Conservative Party, Conservatives, European Union, Clacton, Labour, Labour Party, Conservative, Politico Locations: Britain’s, Ukraine, Europe

☆ Political Unrest Worldwide Is Fueled by High Prices and Huge Debts
▼ + stars: | 2024-07-05 | by ( Patricia Cohen | Jack Nicas | ) www.nytimes.com time to read: +1 min

Like a globe-spanning tornado that touches down with little predictability, deep economic anxieties are leaving a trail of political turmoil and violence across poor and rich countries alike. In Kenya, a nation buckling under debt, protests over a proposed tax increase last week resulted in dozens of deaths, abductions of demonstrators and a partially scorched Parliament. At the same time in Bolivia, where residents have lined up for gas because of shortages, a military general led a failed coup attempt, saying the president, a former economist, must “stop impoverishing our country,” just before an armored truck rammed into the presidential palace. And in France, after months of road blockades by farmers angry over low wages and rising costs, the far-right party surged in support in the first round of snap parliamentary elections on Sunday, bringing its long-taboo brand of nationalist and anti-immigrant politics to the threshold of power.

Persons: ” Locations: Kenya, Bolivia, France

☆ As Europe teeters further to the far right, the UK is doing the opposite
▼ + stars: | 2024-07-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Sunak, who conceded defeat on Friday morning UK time, will likely be replaced by Labour Party leader Keir Starmer. Labour's rise, largely telegraphed by pre-election polls, makes the UK a clear outlier in this year's political shifts in Western Europe. Still, the far-right faction there, Vox, struggled to gain a foothold, with only 9.6% of the vote, down from 12.4% in 2019. Reform UK party leader Nigel Farage on July 3, 2024.

Persons: —, it's, Rishi Sunak's, Keir Starmer, Starmer, Jeremy Corbyn, he's, Germany's Scholz, Alice Weidel, Tino Chrupalla, Chancellor Olaf Scholz's, Sean Gallup, Scholz, France's, Emmanuel Macron, Macron, FRANCOIS LO, Le, Giorgia, Massimo Di Vita, Archivio Massimo Di Vita, Spain's, Pedro Sanchez's, Vox, Geert Wilders, Nigel Farage's, Farage, Nigel Farage, Dan Kitwood, Richard Wike Organizations: Service, Conservative Party, Labour Party, Business, European Union, Parliamentary, Chancellor Olaf Scholz's Social Democratic Party, Marine, FRANCOIS LO PRESTI, Getty, Italy, June's, Democratic Party, Spain's People's Party, Party for Freedom, Nigel Farage's Reform, Reform, Pew Research Center Locations: Western Europe, Germany, Berlin, France, AFP, Italy, Europe, Netherlands, Clacton

☆ Le Pen promises French far-right will rein in aid to Ukraine, slams soccer star Mbappé
▼ + stars: | 2024-07-05 | by ( Joseph Ataman | ) edition.cnn.com time to read: +9 min

Le Pen: Mbappé not representativeLe Pen directed most of her ire closer to home. “I’m not contesting the existence of these comments,” Le Pen said, referring to the accusations levelled against her candidates. Top of the list of sensitivities is likely to be foreign policy, where Le Pen and Macron rarely see eye to eye. Many held similar suspicions ahead of the election of hard-right culture warrior Italian Prime Minister Giorgia Meloni in 2022. “It’s a form of interference, and in that sense, I find it unacceptable,” Le Pen said of the post.

Persons: Emmanuel Macron’s, Emmanuel Macron, ”, CNN’s Christiane Amanpour, Kylian Mbappé, Le Pen, Macron, Le, Jordan Bardella, CAESAR, Roman Pilpey, Pen, Mbappé, “, ” Mbappé, “ It’s, Kylian, Franck Fife, ” Le Pen, Bardella, CNN Le, Florent de Kersauson, Daniel Grenon, Grenon, “ I’m, “ That’s, Francois Lo Presti, Vladimir Putin, She’s, Putin, Giorgia Meloni, she’s Organizations: Paris CNN —, CNN, Macron, soccer side’s, Ukraine, National Rally, National Assembly, National, 55th Artillery Brigade, Getty, CNN Le Pen’s, BFMTV, Kyiv, ” Locations: Ukraine, Russia, France’s, Donetsk, AFP, Washington, Kyiv, France, Paris, Hamburg, Germany, Algeria, Cameroon, United States, Brittany, “, ”, Henin, Beaumont, Brussels, Crimea, 2014, Russian, Italian, There’s, Moscow

People celebrate exit poll results at a "Stop The Tories" election afterparty in London, on July 4. Last month’s European elections saw a historic number of lawmakers from hard-right and far-right parties elected to the European Parliament. Farage’s political success to date has all come without him holding a parliamentary seat. It is possible that Farage’s splitting of the right has actually helped Starmer increase his majority in parliament. An odd quirk of British politics is that the percentage of votes a party gets doesn’t necessarily translate to seats.

Persons: Suzanne Plunkett, Emmanuel Macron, Benito Mussolini, Euroskepticism, Nigel Farage, Donald Trump, Keir Starmer, Starmer’s, Farage, Starmer Organizations: United, Labour Party, Parliament, European, Conservative Party, Reform, Conservatives, Labour Locations: London, Europe, Netherlands, Italy, Britain, British

People celebrate exit poll results at a "Stop The Tories" election afterparty in London, on July 4. Suzanne Plunkett/ReutersThe United Kingdom’s decision to hand the center-left Labour Party a parliamentary majority, according to the exit poll, comes at the same time Europe is broadly in the grip of what some call a right-wing populist surge. Last month’s European elections saw a historic number of lawmakers from hard-right and far-right parties elected to the European Parliament. Farage’s political success to date has all come without him holding a parliamentary seat. An odd quirk of British politics is that the percentage of votes a party gets doesn’t necessarily translate to seats.

☆ Termessos: The hidden ‘eagle’s nest’ city that Alexander the Great couldn’t conquer
▼ + stars: | 2024-07-04 | by ( Barry Neild | ) edition.cnn.com time to read: +11 min

Termessos, Turkey CNN —Alexander the Great tried to conquer Termessos but failed. He reputedly called the city an “eagle’s nest.”Later, the Romans had more success in controlling the city. Barry Neild/CNNClimbing higher up the hillside on a rocky path sprouting with fragrant wild sage, there’s more evidence of how sophisticated life in Termessos would’ve been. Further up, the upper city walls give commanding views of the forest below and offer a good vantage point over anyone trying to sneak up for an invasion. In Termessos, the location is particularly significant, as it sits opposite a mountain that was once sacred to the city’s inhabitants.

Persons: Turkey CNN — Alexander the Great, Mount Güllük, Barry Neild, would’ve, ”, Önder Uğuz, he’s, Termessos, We’re, “, Alexander the Great, Termessos would’ve Organizations: CNN, Turkey CNN, agora Locations: Termessos, Turkey, Antalya, That’s, Machu Picchu, Mount

☆ A single mom who made $55,000 last year working 3 jobs says she's struggling to pay the bills but doesn't qualify for SNAP or affordable health insurance
▼ + stars: | 2024-07-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

But with her earnings, she's above the maximum pre-tax annual income threshold of $34,341 to qualify for MassHealth. What's more, she said she's "dangerously close" to losing this rental assistance because her income is too high — the eligibility criteria vary by city in Massachusetts. AdvertisementALICEs are Americans who are struggling to pay the bills but may make too much money to qualify for government benefits like SNAP, rental assistance, or Medicaid. She's applied for several affordable housing programs, but she said most of them have waitlists that are five to 10 years long. Though the housing assistance she still receives is helpful, she said she still doesn't have enough money to afford a bed.

Persons: —, Sarah, — there's, she's, MassHealth, ALICE, who've, There's, She's Organizations: Service, Business, Supplemental, Assistance, Women, Children, United, SNAP Locations: Massachusetts

☆ Kylian Mbappé calls first round of French elections ‘catastrophic’ after country’s lurch to the far-right
▼ + stars: | 2024-07-04 | by ( Julen Chavin | ) edition.cnn.com time to read: +3 min

CNN —Soccer star Kylian Mbappé has called the first round of French elections “catastrophic” after last Sunday’s results saw the country lurch towards the far-right with anti-immigration party National Rally (RN) leading first place. The captain for France’s national soccer team, who is preparing for Les Bleus’ Euro 2024 quarterfinal against Portugal in Hamburg on Friday, urged the French public to vote saying “now more than ever” it was needed. If the RN assumes power, it would become the first far-right party to enter the French government since World War II – although nothing is certain ahead of Sunday’s second round. This isn’t the first time that Mbappé has spoken about French politics while he’s been with the French national soccer team at Euro 2024. “And that is why I want to talk to the whole of the French people, but also the youth.

Persons: Kylian Mbappé, Les, “, ” Mbappe, Emmanuel Macron’s, Mbappé, ”, he’s, ” Mbappé, Mbappé’s Les, Jules Kounde –, ” Kounde, CNN’s Niamh Kennedy, Saskya Vandoorne Organizations: CNN — Soccer, National, soccer team, Les Bleus, Portugal, Front, NFP, French national soccer, Reuters Locations: Hamburg, Germany, France, Sunday’s, Algeria, Cameroon, Belgium

☆ As Europe turns right, why is a center-left party projected to win by a landslide in the UK?
▼ + stars: | 2024-07-04 | by ( Luke Mcgee | ) edition.cnn.com time to read: +3 min

Last month’s European elections saw a historic number of lawmakers from hard-right and far-right parties elected to the European Parliament. Italy is led by the most right-wing leader since the rule of fascist wartime leader Benito Mussolini. Reform UK party leader Nigel Farage speaks to the crowd of supporters on July 3 in Clacton-on-Sea, England. Farage’s political success to date has all come without him holding a parliamentary seat. It is possible that Farage’s splitting of the right has actually helped Starmer increase his majority in parliament.

Persons: Emmanuel Macron, Benito Mussolini, Euroskepticism, Nigel Farage, Dan Kitwood, Donald Trump, Keir Starmer, Starmer’s, Farage, Starmer Organizations: CNN, Labour Party, Parliament, European, Conservative Party, Reform, Conservatives, Labour Locations: Europe, Netherlands, Italy, Britain, British, Clacton, England

☆ Who is Jordan Bardella and what might his far-right party do in power?
▼ + stars: | 2024-07-04 | by ( Christian Edwards | ) edition.cnn.com time to read: +11 min

Handpicked as leader by National Rally (RN) doyenne Marine Le Pen in an effort to purge the far-right party of its racist and antisemitic roots, Bardella has taken it closer to the gates of power than ever before. Whether the RN forms a government and Bardella becomes prime minister after the July 7 runoff is not clear. So, who is Bardella, and what might his party do in power? Le Pen and Bardella address a crowd of RN supporters in Paris, after Macron called a snap election, June 9, 2024. When the prime minister and president belong to different parties – in a rare arrangement known as “cohabitation” – things can grind to a halt.

Persons: CNN — Jordan, –, Bardella, Emmanuel Macron’s, France’s, Denis, Le Pen, Le Pen’s, Louis Aliot, Le, Macron, Julien De Rosa, Freed, Jean, Marie Le Pen, Franco, Paris Anne Hidalgo, Luc Mélenchon, ” Bardella, Julien de Rosa, Gabriel Attal, ” Mujtaba Rahman, Mario Draghi, Giorgia Meloni, Benito Mussolini, Matteo Salvini, Vladimir Putin, Antonio Masiello, Hungary’s Viktor Orban –, Macron – Organizations: CNN, National Rally, National Assembly, Front, Sorbonne university, Getty, Macron’s Ensemble, Immigrants, Ministry of, Armed Forces, New Popular Front, EU, Eurasia Group, European Union Locations: Paris, France, Europe, Seine, Macron, AFP, Vichy, Spanish, Brussels, Italy, Ukraine, Kyiv, Russia

☆ Iranians are voting in a presidential runoff. What will it mean for the world?
▼ + stars: | 2024-07-04 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Here’s what to expect on Friday’ second round of elections, and how the results could impact Iran and the world. During the first round, Pezeshkian led with 42.5% of the votes, followed by Jalili with 38.6%, according to the state news agency IRNA. In a move that shocked observers, the man who led Ghalibaf’s electoral campaign, Sami Nazari Tarkarani, also declared his support for reformist Pezeshkian, Khabar Online reported. People drive past a billboard with pictures of presidential candidates Masoud Pezeshkian and Saeed Jalili on a street in Tehran, Iran, on Monday. Presidential candidates Masoud Pezeshkian and Saeed Jalili attend an election debate at a television studio in Tehran, Iran on Tuesday.

Persons: CNN — Iran’s, Ebrahim Raisi, Masoud Pezeshkian, Saeed Jalili, Raisi, Hossein Amir, Ayatollah Ali Khamenei, Pezeshkian, –, Khamenei, ”, hardliner Mohammad Bagher Ghalibaf, Jalili, ” Parsi, Sardar Mohsen Rashid, Rashid, Sami Nazari Tarkarani, Ghalibaf, Sanam Vakil, “, ” Sina Toossi, ” Pezeshkian, Toossi, Majid Asgaripour, Iran’s, ” Jalili, Israel sharpens, Israel “, Israel Katz, ” Ali Vaez, Vaez, CNN’s Becky Anderson, Saeed Jalili , Morteza Fakhri, Parsi, ” Vakil Organizations: CNN, Foreign, Guardian Council, IRNA, Quincy Institute, Islamic Revolutionary Guard Corps, Pezeshkian, Khabar, North Africa, Chatham House, Center for International Policy, Trump, Islamic, International Atomic Energy Agency, UN, Israeli, Group, Reuters Locations: Islamic Republic, Iran, tatters, Israel, United States, Tehran, Washington, Iranian, East, London, Washington ,, Gaza, Lebanon

☆ UK election 2024: British voters head to polls for a momentous election
▼ + stars: | 2024-07-03 | by ( Christian Edwards | ) edition.cnn.com time to read: +2 min

London CNN —British voters are heading to the polls Thursday for a crucial general election that is being seen as a referendum on 14 years of Conservative rule. The opposition Labour party suffered its worst defeat since 1935 in the last general election, but has since rebuilt itself under the leadership of Keir Starmer. Britain has had three Conservative prime ministers since the last general election in 2019, which Boris Johnson won by a landslide. News outlets are barred from reporting anything that could influence voters while polls are opened. An exit poll from British broadcasters will project the seat totals are soon as polls shut at 10 p.m. local time (5 p.m.

Persons: Rishi Sunak, Keir Starmer, Boris Johnson, Johnson, Liz Truss, Nigel Farage –, Brexit – Organizations: London CNN —, Conservative, Labour, European Union Locations: Britain, England, Wales, Scotland, Northern Ireland, British

☆ Buy this quiet corner of the stock market as the US braces for a highly active hurricane season, research firm says
▼ + stars: | 2024-07-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

CFRA recommends investing in insurance stocks ahead of what's expected to be a busy hurricane season. AdvertisementThe prospects for a highly active US hurricane season means investors should snap up shares in a quiet corner of the stock market: insurance companies. At the same time, an active hurricane season could be disruptive to the homeowners and commercial property markets. For Berkshire Hathaway, CFRA reiterated its $472 price target for Class B shares, representing potential upside of 16% from current levels. Berkshire Hathaway's insurance and reinsurance operations include GEICO, Berkshire Hathaway Primary Group, General Re, National Indemnity, and Alleghany.

Persons: CFRA, Berkshire Hathaway, —, Hurricane Beryl, Arthur J, Gallagher Organizations: Colorado State University, American International Group, Arch Capital Group, Service, Colorado State University's Department of Atmospheric Science, Berkshire, Berkshire Hathaway Primary, General Re, Indemnity Locations: Berkshire, Caribbean, Gulf of Mexico, Yucatan, GEICO, Alleghany

☆ Real estate and bonds could snap back really quickly, says advisor
▼ + stars: | 2024-07-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPublic real estate and longer duration bonds could snap back 'really quickly': Investment advisorJimmy Lee of The Wealth Consulting Group discusses how investors should position themselves ahead of investment flows broadening, and says that geopolitics, not domestic politics, remains the top risk in his mind.

Persons: Jimmy Lee Organizations: Investment, The Wealth Consulting

☆ France, With Elections, Is Headed for Disaster - The New York Times
▼ + stars: | 2024-07-02 | by ( Philippe Marlière | ) www.nytimes.com time to read: +2 min

On Sunday, in the first round of voting, the far-right National Rally topped the poll and the left-wing New Popular Front coalition finished second. Under a system of “cohabitation” with the president, National Rally would be in power, free to carry out its hard-line anti-migrant agenda. The more likely scenario, however, is that National Rally falls short of a majority, leaving France with a hung parliament. With a weakened Mr. Macron atop a fractious and uncooperative assembly, France would enter a profound political crisis with no remedy in sight. In the event of a hung parliament, Mr. Macron would have very few options.

Persons: Emmanuel Macron, Macron, Jordan Bardella Organizations: Popular Front, National Assembly, National, Republicans, New Locations: France, Sunday’s, Vichy

☆ The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming
▼ + stars: | 2024-07-02 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

Yet, in a year of elections around the world, politicians are largely ignoring the problem, unwilling to level with voters about the tax increases and spending cuts needed to tackle the deluge of borrowing. In France, political turmoil has exacerbated concerns about the country’s debt, sending bond yields, or returns demanded by investors, soaring. “Many (politicians) are not willing to talk about the hard choices that are going to need to be made. Despite growing alarm over the federal government’s debt pile, neither Joe Biden nor Donald Trump, the main 2024 presidential candidates, are promising fiscal discipline ahead of the election. Former Prime Minister Liz Truss triggered a collapse in the pound in 2022 when she tried to force through big tax cuts funded by increased borrowing.

Persons: ” Roger Hallam, Karen Dynan, ” Kenneth Rogoff, ”, don’t, Joe Biden, Donald Trump, Biden, Paul Johnson, William Ruto, Liz Truss, hasn’t, Emmanuel Macron, Dynan, it’s Organizations: London CNN, Monetary Fund, Investors, Vanguard, CNN, US Treasury, Harvard Kennedy School, Harvard University, “, Congressional, CBO, Trump, Fiscal Studies, United Kingdom, Former Locations: United States, France, Germany, Kenya

Search resuls for: "Snap"

25 mentions found