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Fiery response? Biden addresses recession fears

Published

2 years ago

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U.S. President Joe Biden took a shot at a reporter on Monday after being asked about economists who are forecasting a recession

Ticker’s U.S. Correspondent Veronica Dudo filed this report

Beach-strolling President Biden lashed out at a reporter Monday for asking about the possibility of a U.S recession.

Near his vacation home in Rehoboth Beach, Del., “saying a recession is more likely than ever,” Biden relayed to reporter “Not — the majority of them aren’t saying that. Come on, don’t make things up, OK?

“Now you sound like a Republican politician,” the president griped, before realizing how he came off and insisting, “I’m joking. That was a joke.”

“But all kidding aside, no, I don’t think it is [inevitable],” Biden said.

“I was talking to [former Treasury Secretary] Larry Summers this morning and there’s nothing inevitable about a recession.”

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Why the meme-stock frenzy is unlikely to repeat

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6 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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6 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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7 days ago

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May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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