Biden blames the media for Harris losing over negative views about the economy
President Joe Biden blamed alternative news outlets for Americans angry about the election results and the economy. Mr. Biden commented: was interviewed on Tuesday's “Pitchfork Economics” podcast. The podcast host thanked Biden for appearing, but the president continued rambling about the economy. “Where are you going?” What is the truth? There is no more evidence. […]
Trump should warn that the economy might get worse before it gets better
In a recent speech, Scott Bessent, President Trump's nominee for Treasury Secretary, said:major restructuring '', emphasizing that economic growth is essential to addressing the federal debt. He proposed cutting the budget deficit to 3% of GDP by 2028, boosting GDP growth through deregulation and increasing oil production by 3 million barrels a day. When analyzed […]
The Fed Got the Economy Wrong and Won’t Admit It
The Fed misread the economy The Fed's claims that monetary policy is restrictive are looking increasingly preposterous. “Preliminary” survey data for the U.S. Purchasing Managers' Index (PMI) released by S&P Global on Monday shows: Economic output is increasing at the fastest pace in 33 months. Growth is accelerating from an already robust pace and expectations […]
Left-Wing Starmer’s Britain Sees Economy Shrink Again
Britain's economy stumbled and contracted for the second month in a row through October as concerns over the Budget continued to undermine business confidence. The economic downturn is the first continuous decline in production since the coronavirus pandemic began and represents a setback for new finance minister Rachel Reeves, who recently rushed through painful tax […]
Biden Holds ‘Profound Hope’ Trump Will ‘Preserve’ His ‘Strong Economy’
In his final speech as commander in chief, President Joe Biden said it was his hope that President-elect Donald Trump would “build on” the economic successes of the past four years. Under Biden's “Bidenomics” plan, inflation soared, gas prices soared, credit card debt soared and housing costs soared. Recent Gallup Economic Confidence Index marked Biden's […]
Trump announces big plan to juice the economy: ‘GET READY TO ROCK!’
President-elect Donald Trump has announced plans to boost business investment in the United States as he prepares for his second term in the White House. Polls after the surprising results of the election found that many Americans voted because they believed Republicans could be trusted to run the economy far better than Democrats. Among the […]
Trump’s deportation plan would hurt families and economy, Senate hears | US immigration
President Donald Trump's pledge to carry out the largest deportation campaign in U.S. history will separate families and harm the economy, witnesses testified at a Senate hearing Tuesday, with Republicans on the committee The official warned that illegal immigrants living in the country “should be prepared to leave.” ”. The president-elect has declared a national […]
Job Vacancies Plunging in Stalled Economy
Jobs have disappeared faster in the UK than in other similar countries over the past year, with the second half of this year set to see the biggest drop in job openings due to weak business confidence, job platform Indeed said on Tuesday. The dire state of the jobs market adds to the signs that […]
UAE corporate tax: Large multinational companies to pay 15 percent top-up tax in 2025 – Economy Middle East
UAE considering introducing R&D tax incentives to boost R&D activities The UAE has announced new taxes on large multinational companies in its latest amendments to its corporate tax law. Following the issuance of Federal Decree Law No. 60 of 2023, the national minimum surcharge will come into effect in the UAE from financial years beginning […]
U.S. Economy Adds 227,000 Jobs In November
U.S. employers added 227,000 workers in November, pushing the unemployment rate to 4.2%, the Labor Department said Friday. Economists had expected 215,000 jobs after the Labor Department reported a much lower-than-expected increase of just 12,000 jobs in October due to storms and strikes. They also expected the unemployment rate to rise by a tenth of […]