Prime Minister Gabriel Attal unveiled a plan to cut French jobless benefits in a bid to advance President Emmanuel Macron’s economic reforms and get people back into the workforce. The overhaul would cut the maximum duration of welfare to 15 months from 18 months and lengthen the period of work required to qualify for benefits, Attal said in an interview in the Sunday edition of La Tribune newspaper. The government wants the changes to take effect Dec. 1. The modifications aren’t aimed at cost savings, but at getting more French people into jobs that will in turn finance the benefits system, Attal…
Author: insighter
Investors’ worries around stubborn inflation and the timing of Federal Reserve rate cuts is resulting in rocky markets.While macro challenges could affect near-term sentiment, investors with a long-term time horizon can use Wall Street analysts’ stock research to inform their investment decisions and enhance portfolio returns.Here are three stocks favored by the Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.Monday.comWorkplace management software maker Monday.com (MNDY) is this week’s first stock pick. The company impressed investors with upbeat first-quarter results, driven by strong demand for its products across all end markets. In reaction to…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.Today’s workaholic wealthy rarely have time to sit back and read a good book — except maybe for a few weeks in August. That’s why J.P. Morgan Private Bank, every May, releases its summer reading list, often serving as a book club for billionaires.This year marks the 25th anniversary of the list, now called the J.P. Morgan Summer Reading List. The 10 books are carefully curated to…
CFOTO | Future Publishing | Getty ImagesNvidia last week announced a 10-for-1 stock split which will bring its share price from over $1,000 to a more affordable level for retail investors and company insiders alike. Nvidia joins a number of companies that have recently announced sizable stock splits, including Walmart earlier this year and Lam Research this week.Speculation immediately began that Nvidia might be gunning for inclusion in the Dow Industrials, the 128-year-old blue chip index where share price is a big factor in which companies can be added and how much they move the index once they are in.…
Stiglitz says the protest movement gripping his institution and many others “does hit home” and recalled his own history as a civil-rights protester in the 1960s. “This may sound hard to believe,” he says, “but I was there in the march in Washington in August 1963, with Martin Luther King. And I was there when he gave the ‘I Have a Dream’ speech.” This had an influence on his thinking as a young man, he says, and “an enormous impact on the direction of our country, at least for a while.” This mournful tone fits much of Stiglitz’s career, as…
Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), during a House Financial Services Committee oversight hearing in Washington, DC, US, on Wednesday, May 15, 2024. Graeme Sloane | Bloomberg | Getty ImagesThe Federal Deposit Insurance Corp. failed to report allegations of senior officials’ misconduct in a timely manner, according to a new memo from the agency’s internal watchdog.The letter, sent by Inspector General Jennifer Fain to Chair Martin Gruenberg, is the latest development in a monthslong probe of sexual abuse and harassment at the FDIC. Gruenberg announced on Monday that he plans to resign as soon as his successor…
Don’t make the mistake of patronizing the Ferrari 296 GTS. I know it’s tempting, because this $366,139 centerfold packs a V-6 hybrid setup rather than the 8- and 12-cylinder power plants that have made Ferrari NV famous. There’s a lot of pride and brand identity built into those internal combustion machines. “Ferrari doesn’t make cars, Ferrari makes engines,” as the saying goes. The smaller engine is not without precedent. The company made road-going V-6s in the 1970s, though it doesn’t recognize those “Dino” models as official, brand-name Ferraris, even today. It’s a long story having to do with Enzo Ferrari’s deceased son, nicknamed…
Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024 in New York City. Michael M. Santiago | Getty ImagesInvestors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates.A batch of stronger-than-expected economic data coupled with fresh commentary from policymakers is pointing away from any near-term policy easing. Traders this week again shifted futures pricing, moving away from the likelihood of a reduction in rates in September and now anticipating just one cut by the end of the year.The…
It’s the question many scientists are asking about the controversial drug, a glucagon-like peptide-1 receptor agonist (GLP-1), as some research suggests it could help humans age with less chronic diseases. The same goes for glucose-dependent insulinotropic peptide receptor agonists (GIP) such as Zepbound and Mounjaro, leaving some experts to start seeing them as potential longevity pills and considering how in the future they can be prescribed safely to more people, especially as rates of obesity continue to rise. “The singular most effective and consistent way of extending lifespan in animals is caloric restriction,” says Dr. Douglas Vaughan, a professor of…
Fatcamera | E+ | Getty ImagesTo understand why women are still fighting to catch up to men economically, author Josie Cox turns to the past. She doesn’t have to look too far back.The Women’s Business Ownership Act, which allowed women to obtain business financing without a male co-signer, didn’t pass until 1988, Cox, a financial journalist, writes in her new book, “Women Money Power: The Rise and Fall of Economic Equality.” Women weren’t admitted into Ivy League colleges before 1969, and could be fired from their jobs for getting pregnant as recently as 1978.”Pregnancy discrimination across corporate America is still…
Treasury Secretary Janet Yellen said the outlook for higher interest rates over the long haul makes it tougher to contain US borrowing needs, heightening the importance of boosting revenue in negotiations with Republican lawmakers. “We’ve raised the interest-rate forecast,” Yellen noted Friday in an interview with Bloomberg News. “That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control.” Yellen was referring to the Biden administration’s budget proposals, which she said ensure that the nation stays on a sustainable fiscal trajectory. She reiterated her emphasis on the metric of inflation-adjusted interest payments…
Patent protection for Wegovy — Novo Nordisk’s blockbuster weight loss drug, which contains the second generation GLP-1 active ingredient and is at least twice as effective — is expected to expire by the decade’s end.Michael Siluk | UCG | Getty ImagesFor Gray Beard, a kindergarten teacher in Charlotte, North Carolina, losing weight had become a grueling task. She’d tried five different programs in her life and never found lasting results.Her luck started to change last year, when she saw a promotion on Instagram for the Ro Body Program, a new offering from online health startup Ro. The ad said eligible…