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BIZARRE: 4 | Mind Blowing Facts

Stocks Climb Before the Open With Focus on Fed Rate Decision

December S&P 500 E-Mini futures (ESZ24) are up +0.27%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.33% this morning, extending their post-Election Day gains, while investors looked ahead to the Federal Reserve’s interest rate decision.

Barchart

Stocks Steady Before the Open as Investor Focus Turns to Fed Rate Decision

December S&P 500 E-Mini futures (ESZ24) are up +0.11%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.18% this morning, maintaining their post-Election Day gains, while investors looked ahead to the Federal Reserve’s interest rate decision.

Barchart

Uncertainty looms over Germany as Scholz navigates political crisis

Germany is bracing for political upheaval, with Chancellor Olaf Scholz set to govern in a weakened position after firing his finance minister in a dramatic collapse of his coalition. Scholz now faces a critical confidence vote in January, which could force snap elections by March and leave Europe’s largest economy…

Radio France Internationale

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Stocks Rise Before the Open With Focus on Fed Rate Decision

December S&P 500 E-Mini futures (ESZ24) are up +0.18%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.22% this morning, extending their post-Election Day gains, while investors looked ahead to the Federal Reserve’s interest rate decision.

Barchart

Olaf Scholz faces calls for confidence vote after German coalition collapses

German opposition leader Friedrich Merz opposes timetable laid out by chancellor in news conference

The Guardian - UK

German Government Coalition Collapses After Finance Minister's Firing

German Chancellor Scholz faces coalition crisis after firing Finance Minister Lindner, leading to resignations and potential early election.

Top News

German government collapses after Olaf Scholz sacks finance minister

Unexpected move throws Europe’s largest economy into political disarray and is likely to lead to snap elections in March

The Guardian - UK

German coalition on brink after Chancellor Scholz fires finance minister

German government in disarray as Europe prepares for a Trump presidency in the new year

Evening Standard

Germany's quarrelsome government meets in last-minute effort to find solution for its ailing economy

The leaders of Germany’s quarrelsome governing coalition are meeting again in another last-minute effort to find a joint solution to fix the country’s struggling economy

The Independent UK

Clashes over budget could push Germany’s ailing coalition to collapse

With contradictory proposals unlikely to mesh, leaders to decide whether there is scope for alliance to continue

The Guardian - UK

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Tom’s Hardware

Intel postpones Magdeburg fab until 2029 to 2030 — German subsidies to Intel could go back to the federal budget

Now that Intel has decided to postpone its Magdeburg fab project, subsidies from the government could go back to the budget.

International Business Times

Industrial Slump Leaves Germany On Brink Of Recession

German output likely contracted again in the third quarter as an industrial slump drags on, official data is expected to show Wednesday, tipping Europe's largest economy into recession.

The Independent UK

Germany's economy isn't growing. But its quarrelsome government can't agree on a way forward

Germany’s economy isn’t growing and the governing coalition has a lot of ideas on how to fix it

The Guardian - UK

German MP tries to counter AfD’s TikTok dominance with slang-filled video

Christian Dürr’s 75-second video, part of efforts to challenge far right party’s influence on platform, triggers slew of ‘cringe’ comments

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Fortune

Why did Europe reject a Chinese proposal to sell EVs for a minimum of €30K?

China’s reported offer fell way below the average €66,000 price for an EV in Europe.

Radio France Internationale

EU hails 'promising' initial budget talks with France

EU economy chief Paolo Gentiloni on Monday welcomed his "promising" discussions about France's budget with French Finance Minister Antoine Armand as Paris aims to rein in spending and bring down its deficit.

International Business Times

As EU Targets Chinese Cars, European Rivals Sputter

As the EU seeks to put a brake on competition from Chinese electric cars, European automakers are stuck in second gear.

Fortune

EU votes in favor of massive tariffs on Chinese EVs. Here's what it means

A divided EU reluctantly agreed massive tariffs on Chinese-made EVs.

The Guardian - UK

Oil price drops, and BP and Shell shares slide, as Saudi Arabia ‘prepares to abandon $100 crude target’ – as it happened

Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output

The Guardian - UK

The Guardian view on Olaf Scholz’s struggling coalition: running out of time

Editorial: A pyrrhic victory for social democrats in the latest state election offers scant consolation. The German far right continues to strengthen

Tom’s Hardware

Some analysts believe Intel won't build out its German fab due to financial woes: Report

There is a 50% chance that Intel is not going build its fab in Germany after it put it on pause for two years.

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