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Market Cools as Nvidia’s Blowout Earnings Fail to Ignite Futures

  U.S. stock futures were mixed Thursday morning as investors digested Nvidia’s latest blockbuster earnings—results that impressed on paper but didn’t translate into broad market enthusiasm. Dow futures edged slightly higher, while S&P 500 and Nasdaq futures hovered near the flatline, reflecting a cautious mood across Wall Street. Nvidia delivered strong beats on quarterly revenue and profit, along with guidance that topped expectations. Despite the stellar numbers, the stock’s initial surge faded as traders questioned whether the AI boom can continue delivering outsized returns. Shares ultimately pared gains to under 1% in early trading. The broader market’s hesitation stems from growing concerns about the sustainability of heavy AI investment. Salesforce’s weaker outlook added to the uncertainty, dragging software shares and reinforcing fears that not all tech giants will benefit equally from the AI wave. Meanwhile, geopolitical tensions—including renewed U.S.–Iran nuclea...
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French Government to Resign: A Caretaker Transition Amid Political Turmoil

 

French President Emmanuel Macron is poised to accept the resignation of Prime Minister Gabriel Attal and his government by the end of the day. This move comes after an inconclusive snap election, but the current administration will remain in a caretaker capacity until a new cabinet is appointed. Here’s what you need to know:

  1. Caretaker Government: Attal’s government will continue to handle emergency situations and manage current affairs in the euro zone’s second-largest economy. However, they won’t be able to propose new legislation or make significant changes. Notably, this caretaker government will oversee the smooth running of the upcoming Olympics, scheduled to begin on July 26.

  2. Left-Wing Struggles: Left-wing parties are embroiled in a bitter dispute over who should be the next prime minister. The New Popular Front (NFP), an alliance of socialists, Greens, and communists, unexpectedly topped the vote in the recent snap election. However, tensions persist over forming a left-wing government.

  3. Mainstream Alliance: President Macron has called for mainstream parties to forge an alliance, potentially including elements of the NFP but excluding France Unbowed. The urgency to find a solution is high, as Communist party leader Fabien Roussel warns of a potential “shipwreck” if consensus isn’t reached.

In summary, France faces a delicate political landscape as it navigates this caretaker transition. The fate of the next government remains uncertain, and all eyes are on the negotiations between competing factions. Stay tuned for further developments.


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