Markets assess Donald Trump was the victor in the first US presidential debate against Joe Biden on Thursday and investors are “already busy” re-evaluating their portfolios to align with the anticipated economic policies that a Trump administration might pursue. Following the head-to-head TV debate, online prediction market PredictIt showed Biden’s odds down to 39% from … Read more
Joe Biden must raise income tax and cut pensions spending to slow the dangerous rise in the US national debt, the Organisation for Economic Cooperation and Development (OECD) has said.Corporate taxes also need to go up, economists suggest, while the US president needs to find a way to control spending on healthcare.Heavy borrowing and spending … Read more
By Naeem Aslam European and US futures are trading close to the flatline, as investors continue to argue that the current rally has taken the price action too high and too fast. If you look at the major stock indices, such as the S&P500 or the Nasdaq 100, you will see that these majors have … Read more
Published at 10 Jun 2024 According to estimates, cuts proposed by the Trump camp could increase US national debt by USD 1 trillion… According to estimates, cuts proposed by the Trump camp could increase US national debt by USD 1 trillion. As election fever in the US grows increasingly frantic with November’s crucial poll looming … Read more
Fake accounts praising former President Donald Trump and criticizing President Joe Biden are increasing on the social media platform X, according to a report by Israeli tech company Cyabra. The study found that 15% of pro-Trump accounts and 7% of pro-Biden accounts are fake. The analysis also shows a tenfold increase in newly detected fake accounts during March and April. The fake pro-Trump accounts are part of a coordinated campaign to influence public opinion, while the fake pro-Biden accounts do not show signs of coordination.
The US presidential elections are scheduled for November 2024 and are considered instrumental for the global economy due to the size of the US economy, the central role of the US dollar, and the country’s vast energy reserves and geopolitical importance.
Traders and investors are looking to global interest rate cuts and the closely-fought US election to bring the world’s currency markets out of their deepest lull in almost four years.
Germany’s President Frank-Walter Steinmeier has called for both sides in Cyprus to show a willingness to compromise and take bold steps to find a solution. He expressed support for the resolution of the Cyprus issue and emphasized Germany’s support for a bi-zonal bi-communal federation within the framework of the United Nations. Steinmeier also praised Cyprus’s role as a safe harbor for the European Union and highlighted the need for Turkey to address the Cyprus problem in relation to its approach to the EU. The Cypriot President Nikos Christodoulides stated that the current state of affairs in Cyprus is unacceptable and that the key to a solution lies with Ankara. He called for the European Union to play a more active role in resolving the Cyprus problem and expressed hope for the reunification of Cyprus. The two presidents also discussed bilateral relations, including cooperation on defense, economics, and energy. Steinmeier commended Cyprus’s contribution to the evacuation of German citizens from Israel and expressed support for the EU’s stance on Ukraine. He also addressed the issue of immigration, with Steinmeier acknowledging the burden faced by Cyprus and calling for a common European asylum system.
– U.S. Representative James Clyburn believes President Joe Biden’s reelection bid requires a strong ground campaign rather than relying on expensive ads or social media.
– Clyburn suggests that Biden’s campaign should combat disinformation and the “MAGA wall” of online content from Donald Trump’s supporters.
– Trump campaign spokesperson Steven Cheung criticized Biden’s tenure as president.
– Biden is expected to win the South Carolina primary election and potentially face Trump in a rematch of the 2020 election.
– Clyburn’s endorsement in 2020 was pivotal for Biden’s primary election victory in South Carolina.
– Clyburn is concerned about disinformation campaigns and believes Biden needs to effectively communicate his accomplishments.
– Clyburn, along with other influential Democrats like Barack Obama, is advising Biden to intensify his campaign efforts.
– Biden’s campaign has started to respond to this advice, with Biden mentioning Trump more frequently and staff changes to strengthen the campaign.
– Clyburn referenced former Philadelphia Mayor James Kenney’s successful campaign strategy, emphasizing the importance of direct voter engagement.
– At a recent dinner, Clyburn highlighted Biden’s achievements to supporters, and Biden acknowledged Clyburn’s effective advocacy on his behalf.