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The most notable criticism has come from former Prime Minister Gabriel Attal, once Macron’s protégé.

Artificial intelligence is most likely to impact white-collar jobs, while those requiring more physical labor and intervention are relatively insulated.

Their previous forecast bump came in August, in expecting silver prices to average $35.14 per ounce this year. That is already a marked revision higher from the forecast before that of $30.28 per ounce. But now, HSBC is seeing silver prices to average $38.05 per ounce with the year-end forecast target of $49 per ounce.

Looking to next year, the firm forecasts silver prices to average $44.50 per ounce – up from the previous forecast of $33.96 per ounce. The year-end target for 2026 though is for silver to drop to $41.50 per ounce.

That being said, HSBC is looking for an even higher high next year for silver in noting that: “The silver market stands on the cusp of the record high of nearly $50/oz set in May 2011, but is likely to surpass that level in the near-term. We look for a wide $45.00- 53.00/oz range for the remainder of 2025 and a wide $40.00-55.00/oz range next year.”

Before adding that the gold rally will continue to benefit silver prices heading into the year ahead: “Gains in gold attract ancillary buying in silver.”

It’s an argument that they are doubling down on after their August note mentioned that: “The latest rally is due more to silver’s relationship with gold than to underlying fundamentals.”

Further noting at the time that as gold pushes to fresh record highs, it is exerting a “strong gravitational pull” on silver prices as well.

This article was written by Justin Low at investinglive.com.

7-Eleven is revamping its U.S. stores with a Japanese fix, as it tries to spark more food sales at the convenience stores.

A federal shutdown affects data collection, causes uncertainty for CRE dealmaking and hits investor confidence.

• Market index 323.1 vs 339.1 prior
• Purchase index 170.6 vs 172.2 prior
• Refinance index 1180.2 vs 1278.6 prior
• 30-year mortgage rate 6.43% vs 6.46% prior

This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates.

This article was written by Giuseppe Dellamotta at investinglive.com.

Mortgage demand weakened again but for those in the market, adjustable-rate loans are getting more popular, as they offer lower interest rates.

Shares of Europe’s biggest automakers fell on Wednesday, amid industry concern about the impact of the European Union’s new steel import quota plan.

Tesla’s Model Y standard SUV is priced just under $40,000 and Model 3 standard sedan around $37,000.