Reckless government spending enabled by the Federal Reserve is hurting average Americans and threatening President Joe Biden’s chances of being re-elected, billionaire investor Stanley Druckenmiller said Tuesday. During an appearance on CNBC’s “Squawk Box,” the head of the Duquesne Family Office, who made his name betting against the British pound in the early 1990s, criticized…
The path to a “soft landing” no longer seems to be as smooth as it was four months ago. But the expectations of a year ago have been exceeded. April 13, 2024 The economic news of the past two weeks has been enough to confuse even seasoned observers. The unemployment rate fell. Inflation rose. The…
People shelter from the rain under a Union flag umbrella as they walk past blooming spring flowers in St. James’s Park in central London on April 10, 2024. Justin Tallis | Afp | Getty Images LONDON – The United Kingdom’s gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday,…
America seemed headed for an economic fairytale that would end at the end of 2023. The painfully rapid inflation that had set in in 2021 appeared to be cooling in earnest, and economic growth was beginning to slow following a series of interest rate hikes from the Federal Reserve. But 2024 has brought with it…
The collapsed Francis Scott Key Bridge lies on the roof of the container ship Dali in Baltimore, Maryland on March 29, 2024. Almond Ngan | Afp | Getty Images The collapse of the Francis Scott Key Bridge in Baltimore on Tuesday is likely to send shockwaves through the U.S. economy as a key shipping route…
On a sunny and mild day, people walk along Waterloo Bridge past the skyline of the City of London, the capital’s financial district. Sopa pictures | Light rocket | Getty Images LONDON – The United Kingdom’s gross domestic product grew 0.2% in January, the Office for National Statistics said on Wednesday, as construction output rose…
President Biden used his State of the Union address on Thursday to remind Americans of his efforts to lead the nation’s economy out of a pandemic recession and to lay the groundwork for a second term focused on getting the economy through Raising taxes on corporations and making businesses fairer to support the wealthy while…
However, economic sentiment is not necessarily an indicator of election outcomes, and this campaign differs in many ways from those in the past. “We are in an unprecedented situation where we are balancing two incumbents,” said Joanne Hsu, who leads the Michigan poll. Anthony Rice, a 54-year-old Democrat from eastern Indiana, and pretty much everyone…
Treasury Secretary Janet L. Yellen said Tuesday that she had personally called on Israeli Prime Minister Benjamin Netanyahu to increase commercial engagement in the West Bank, claiming it was important for the economic well-being of both Israelis and Palestinians. Ms. Yellen’s request was outlined in a letter she sent to Mr. Netanyahu on Sunday. It…
On Super Bowl Sunday, the White House released a short video in which a smiling President Biden, sitting next to a table filled with chips, cookies and sports drinks, criticized companies for reducing package sizes and portions of popular foods without led to a reduction price. “I’m tired of what they call shrinkflation,” Mr. Biden…
