FT News Briefing France’s George Floyd moment
8 snips
Jul 3, 2023 In recent discussions, Apple faces significant production cuts for its Vision Pro headset amid market challenges. France erupts in protests following a police killing, reflecting deep social tensions and drawing stark comparisons to the George Floyd situation. Meanwhile, the Nasdaq celebrates its best start to the year in decades. The financial landscape is also changing as millions brace for the impact of resumed student loan payments, raising concerns over economic repercussions for borrowers and the broader market.
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Tech and AI Drive Stock Market Surge
- Tech companies drove the U.S. stock market's surprising turnaround this year.
- The Nasdaq had its best first half since 1983, fueled by investor excitement over AI.
France's George Floyd Moment
- The police killing of Nahel, a teenager of North African descent, sparked widespread protests in France, similar to the George Floyd incident.
- The event, caught on video and shared widely on social media, ignited long-simmering tensions.
Student Loan Struggles
- Jackie, a public school teacher in Dallas, exemplifies the struggles of borrowers with student loan debt.
- Despite working in public service, she faces $103,000 in loans, highlighting the gap between promises and reality.