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Biden Blasts Trump After He Wishes For A Stock Market Collapse

Topline President Joe Biden’s reelection campaign hit back at former President Donald Trump for saying he hopes the economy crashes within the next 12 months, taking advantage of an opportunity to criticize Trump on the economy as Biden’s own economic record suffers with voters. President Joe Biden speaks during a campaign event at Emanuel AME Church on January 8, 2024 in ... [+] Charleston, South Carolina. (Photo by Sean Rayford/Getty Images) Key Facts “Trump should just say he doesn’t give a damn about people,” Biden campaign manager Julie Chavez Rodriguez told CNN in response to Trump’s comments, accusing Trump of a “relentless…

Big Three Automakers Rebound After Turbulent 2023

Via Metal Miner While the index remained sideways for most of 2023, the automotive industry itself witnessed its fair share of shifts. For instance, the UAW strike forced numerous changes on the automotive industry while impacting automobile sales and production to varying degrees. Meanwhile, steel price hikes also caused the overall index to fluctuate and shift. All in all, the U.S. automotive industry witnessed numerous obstacles throughout 2023. By the end of the year, the Automotive MMI (Monthly Metals Index) rose 3.33%. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf",…

World Bank forecasts 2024 global growth to slow

The World Bank has warned global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic, then the war in Ukraine and ensuing spikes in inflation and interest rates around the world, the first half of the 2020s looks like it will be the worst half-decade performance in 30 years, it added. Global GDP is likely to grow 2.4 per cent this year, the World Bank forecast in its latest Global Economic Prospects report. That compares to 2.6 per cent in 2023, 3.0 per cent in 2022 and 6.2 per cent in 2021 when there was a rebound…

World Bank forecasts 2024 global growth to slow

The World Bank has warned global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic, then the war in Ukraine and ensuing spikes in inflation and interest rates around the world, the first half of the 2020s looks like it will be the worst half-decade performance in 30 years, it added. Global GDP is likely to grow 2.4 per cent this year, the World Bank forecast in its latest Global Economic Prospects report. That compares to 2.6 per cent in 2023, 3.0 per cent in 2022 and 6.2 per cent in 2021 when there was a rebound…

Deflation vs. disinflation: One is 'the more ideal outcome,' economist says

A customer visits a supermarket in San Mateo, California, on Dec. 12, 2023. Li Jianguo | Xinhua News Agency | Getty Images Inflation is retreating from its pandemic-era highs. Economic jargon yields two similar terms — "deflation" and "disinflation" — that might describe this pullback. So, which is the U.S. experiencing? In short: Disinflation. What is disinflation? In an economy experiencing disinflation, prices are still rising. However, they're growing at a slower pace than they had been. The inflation rate is still positive but at a lower level. The consumer price index — a key inflation measure, which tracks average prices…