Money

Protesters storm LVMH Paris store over pension reform changes

Published

1 year ago

April 14, 2023

ticker NEWS

Union activists have barged into the Paris headquarters of luxury goods company LVMH and fill it with red smoke.

Violence erupted in Paris and other cities, as riot police charged protesters and fired tear gas.

Trade unions urged a show of force, a day before the Constitutional Council rules on the legality of a bill that will raise the state pension age by two years to 64.

It was the 12th day of nationwide protests against President Emmanuel Macron’s pension reform proposal since mid-January.

Striking workers disrupted garbage collection in Paris and blocked river traffic on the Rhine in eastern France.

If the Council approves the bill, possibly with some caveats, the government will be entitled to promulgate it.

It’ll hope that closes a long chapter of sometimes violent protests.

But demonstrators said they would keep up the fight even if the Council gave a green light.

They want a referendum on the bill or for it to go back to parliament.

The industrial action has lost some steam though.

Thinner crowds have rallied in the past few weeks compared with the more-than 1 million-strong numbers seen early on.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending