France’s borrowing costs have surpassed those of Greece as investors worry about Michel Barnier’s government’s ability to pass a budget with austerity measures. French 10-year bond yields briefly exceeded Greece’s before stabilizing, reflecting concerns over fiscal stability and political turmoil. Barnier’s minority government faces challenges in finalizing a budget with significant tax hikes and spending cuts, with opposition parties threatening a no-confidence vote if demands are not met.
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Tommy Bahama maker Oxford depends on Florida for sales. It just cut its outlook following hurricanes Milton and Helene.
Shares of Oxford Industries dropped in after-hours trading following the company's decision to lower its full-year forecast due to the impact of hurricanes Milton and Helene on its primary market, the Southeast U.S. The maker of popular clothing brands like Tommy Bahama and Lilly Pulitzer cited the severe weather conditions in the region as a key factor affecting its financial outlook. Full Article
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