Far right wins EU elections | Wilnesh News

This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

far right advance
French President Macron said he would dissolve parliament and called for a new legislative vote after his Renaissance party suffered a crushing defeat in EU elections. Exit polls showed Marine Le Pen’s far-right National Rally won 31.5% of the vote, while Macron’s party won 14.5%. A victory for Le Pen in new elections would mean Macron will have no control over domestic policy for the remainder of his presidential term, which ends in 2027. Held on July 7th. European Parliament elections, exit polls showed Sunday night. CNBC’s Karen Gilchrist details right wing wave What it could mean for Europe and beyond.

winning week
All three major Wall Street stock indexes posted weekly gains, including Nasdaq Indexup 2.38%, followed by S&P 500 IndexGrowth of 1.32%, Dow Jones Industrial Averageup 0.29%. On Friday, the S&P 500 end flat after setting a new intraday high. The Dow Jones fell 87 points and the Nasdaq fell 0.23%. Stocks rebound from early pressure after stronger-than-expected jobs report, boosting 10-year Ministry of Finance The output exceeds Up 15 basis points. oil price announced Loss in third week Due to OPEC+ plan to increase supply.

No way, Musk
Norway’s $1.7 trillion sovereign wealth fund, TeslaThe eighth largest shareholder will vote no Elon Musk’s $56 billion compensation package. The fund previously opposed the scheme in 2018 and remains concerned about its size, structure and lack of safeguards. While acknowledging Tesla’s success under Musk, the fund has criticized the CEO’s excessive compensation and is seeking an ongoing dialogue with the company.

Roaring kitten has games
Keith Gill, an internet personality best known for his role in the GameStop meme stock frenzy, hosts his first-ever live Three years ago, he reiterated his bullish stance on the retailer despite its recent sales decline and stock issuance. Gill, who has been described as a “roaring kitten” and “profoundly valuable on various social media platforms”, has given little reason behind his massive stake. The company’s stock price was suspended several times during the live broadcast and closed down nearly 40% that day. GameStop shares plummet ahead of live broadcast Disappointing earnings.

Japan GDP rises after revision, euro falls
Japan’s Nikkei 225 Index Stocks rose 0.64% after revised GDP data showed the economy slowed less than expected, raising hopes of a rate hike. Korean Cospi down 0.52%. this EUR Macron’s appeal early election. market Markets in Australia, Hong Kong and mainland China are closed for public holidays.

(PRO) Nvidia ‘surprised me’

last week, Nvidia It briefly surpassed Apple and became the second largest listed company in the United States, with a market value of more than $3 trillion. The surge was driven by soaring demand for Nvidia’s high-performance chips, which are critical for training artificial intelligence models, pushing up this key performance metric, Shocking A chief investment officer.

Over 600,000 viewers tuned in to watch Keith Gill’s show highly anticipated debut After three years of absence. A 50 minutes live broadcast Featuring “Roaring Kitty” (Gill’s nickname on YouTube), set against a green screen image of GameStop’s live chart.

While Gill remains a “legend” to his followers, Wall Street has had a hard time understanding the phenomenon.

In 2001, “You have an enemy, and that’s short seller“, Steve Sosnick, chief strategist at Interactive Brokers, told Money Movers. “It feels more cynical, there’s no clear enemy in this situation, it’s more about how do we increase stock.

However, the enemy remains Wall Street and its ecosystem. The Securities and Exchange Commission is investigation E*Trade, which trades GameStop options and Gill’s trading platform, is considering firing him, according to the Wall Street Journal.

To be clear, Gill did not tell his followers to trade GameStop via social media. As he ended his live stream, Gill asked his followers to “Watch this. I think we’re going to end the live stream now.” There was a dramatic pause in the middle. Moments later, GameStop’s stock price fell another 1%, trading was suspended, and Gil laughed.

one X User explanation“Roaring Kitten Shows How Algorithms Sell Stocks Based on Keywords.”

Three years after the initial meme craze, the “us versus them” mentality remains. Robinhood Markets, where meme trading began three years ago, launched a 24-hour trading service for retail investors. Until recently it was denied access to after-hours trading, many initial public offerings and high-frequency trading. Vlad Tenev “We believe that any product that is available to institutional investors should be available to retail investors,” he told CNBC’s “Squawk Box.”

Meanwhile, Jill The legend only increases, never decreases. “Up 550 million yesterday and down 230 million the next day without breaking a sweat, this guy is an absolute legend,” @walkingpeepo wrote on YouTube. Another wrote: “From 50,000 to 500 million, you are a legend, a modern (sic) Robin Hood.”

As for the ending, for now, Gill still holds his GameStop options and stock.

It is the second-most traded stock and option on Interactive Brokers’ trading platform after Nvidia, Sosnick said, adding, “It is Nvidiathe market in which we all trade.” — Nvidia has accounted for one-third of the S&P 500’s gains this year.

— CNBC’s Karen Gilchrist, Katrina Bishop, Lim Hui Jie, Jeff Cox, Brian Evans, Tanya Macheel, Spencer Kimball, Fred Imbert, Yun Li, Alex Harring and Kif Living contributed to this report.