France’s Interior Minister Gerald Darmanin said the minimum wage could be increased, opening the door to a key proposal of the leftist bloc
Raising the floor on the basic wage known as the SMIC by around €200 ($217.64) to €1,600 a month net is a core proposal of the New Popular Front, which won the largest share of seats in a snap election two weeks ago, but not enough to govern alone. Source; Bloomberg
It was inevitable...
Source: Inverse Creamer (Not Jim Cramer) on X
President Biden announces he is dropping his re-election bid and endorses Vice President Kamala Harris as the Democratic candidate.
Here is where we stand on Predictit.
BREAKING >>> BIDEN IS DROPPING OUT OF PRESIDENTIAL RACE
US President Joe Biden has abandoned his re-election bid following overwhelming pressure from fellow Democrats, saying that “it was in the best interest of my party and the country for me to stand down”. The president announced his decision in a letter published to social media on Sunday, throwing this year’s White House race into turmoil with less than four months to go until voters in the world’s biggest economy elect their new leader on November 5. Biden’s announcement follows more than three weeks of wrenching debate among Democrats about his candidacy after a disastrous debate performance against Trump reignited concerns about his mental acuity and damaged his standing among American voters. An Associated Press poll out last week found nearly two-thirds of Democratic voters said Biden should drop out of the race. Source: FT
BREAKING: Nancy Pelosi has told US House Democrats that President Biden can be "persuaded fairly soon" to exit the 2024 presidential race.
New reports from Fox Business state that President Biden may drop out as soon as tomorrow. Source: Politico, The Kobeissi Letter
Over the last few months, week-ends have been full of surprise
Can we get a new one this week? Obama says President Biden "needs to seriously consider the viability of his candidacy." Top Democrats have said Biden may drop out of the 2024 election AS SOON AS THIS WEEK-END. Odds of Biden winning election are plummeting again (note that the fact he is COVID-positive doesn't help either) Source: The Kobeissi Letter
Here’s what JD Vance’s portfolio looks like
Source: Savvy Trader
Sox plunged 6.8% in semi conductor sector's worst selloff since March 2020
on the prospect of increased export restrictions on advanced semiconductor technology, and by Donald Trump's latest comments on Taiwan. Taiwan "did take about 100% of our chip business" and "should pay us for defense," Trump said in a Bloomberg Businessweek interview. Intel and GlobalFoundries bucked the trend as potential US domestic semi 'winners.' Source: Bloomberg, HolgerZ
