France

Investors on Wall Street are bleeding red, white and blue, pouring money into American equities already trading higher than their European counterparts. The Data: A post on X from Mike Zaccardi relayed data from the Bank of America fund manager survey. BofA FMS: 4th biggest overweight of US...

French equities dropped on Monday after Moody's downgraded France's credit rating to Aa3, citing worsening public finances and political instability. The CAC 40 index, which tracks France's largest companies and is mirrored by the iShares MSCI France Index Fund (NYSE:EWQ), fell 0.9% by 8:20 a.m. in...

France’s Hôtel Matignon is set to have a new resident now that President Emmanuel Macron has tapped a centrist ally, François Bayrou, as the new prime minister. What Happened: Macron’s announcement comes roughly one week after former PM Michel Barnier lost a no-confidence vote and...

President-elect Donald Trump is in Paris for his first international trip since winning back the presidency, where he joined world leaders and dignitaries in celebrating the reopening of the Notre Dame Cathedral following its restoration after a devastating fire in 2019. French President Emmanuel...

The French government collapsed on Wednesday following a successful no-confidence vote, throwing France, the eurozone’s second-largest economy, into political turmoil.  The Details: The motion passed with 331 votes, far exceeding the required 288, as lawmakers from both the leftist New...

French Prime Minister Michel Barnier faces a critical vote of no confidence tomorrow (Dec. 4) after invoking Article 49.3 to pass a controversial 2025 austerity budget without parliamentary approval. The move, designed to address France's soaring deficit with $42 billion in spending cuts and $21...

Crypto exchange Gemini on Tuesday announced it has launched its services in France, following the company's earlier registration as a Virtual Asset Service Provider (VASP) in the country, aligning with France's growing crypto adoption and regulatory support. What Happened: French users can now...

Netflix Inc. (NASDAQ:NFLX) is currently under investigation for potential tax fraud in France and the Netherlands. What Happened: The offices of the streaming giant were searched by investigators on Tuesday morning as part of a preliminary inquiry into alleged tax fraud and money laundering,...

The French budget for 2025, which aims to reduce the country's deficit with tax hikes and spending cuts of €60 billion, has sparked political pushback.  New Prime Minister Michel Barnier wants to reverse the country's ballooning national expenditure of €3.2 trillion with austerity measures. But...

Editor's Note: This story has been updated with a statement from Telegram. French prosecutors have placed Pavel Durov, CEO of Telegram, under formal investigation using a stringent new cybercrime law. What Happened: The LOPMI law, enacted in January 2023, criminalizes tech executives whose...

Pavel Durov, the founder of Telegram, who is currently under investigation in France, has publicly criticized French authorities for detaining him instead of addressing their complaints to his company. What Happened: On Thursday, in his first public comment after detention last month, the Russian-...

A senior ally of Russian President Vladimir Putin claimed on Tuesday that Washington orchestrated the French arrest of Pavel Durov, the founder and CEO of Telegram, a messaging platform essential for communication in the Ukraine war. Additionally, the United Arab Emirates has formally requested...

NBA star Steph Curry won a gold medal as a member of Team USA Men's Basketball at the 2024 Summer Olympics, completing a task the team was heavily favored to do ahead of the games. Curry's performance has been praised by basketball analysts and broke the hearts of French fans. What Happened: Curry...

The high-speed rail system in France, the host of the 2024 Summer Olympics, was the target of coordinated arson attacks on Friday ahead of the event’s opening ceremony. What Happened: The attacks were carried out on Friday morning. French Prime Minister Gabriel Attal divulged information...

U.S. stocks started the week on a neutral note, with the S&P 500 and Nasdaq 100 indices hovering around the flatline by midday trading in New York. This comes after both indices reached fresh record highs last Friday. Small-cap stocks outperformed their larger counterparts, with the iShares...