News

Is the beginning of Biden’s 2024 campaign?

Published

3 years ago

November 14, 2022

Is this the beginning of Biden’s 2024 re-election campaign?

As the Democrats secure the Senate for another two years, the White House has made its strongest indication to date that Joe Biden will run for re-election in 2024.

History shows us that the party which holds the presidency generally performs poorly in the midterm elections.

But the Democrats’ overall performance this year is considered the best for a sitting party in over two decades.

They went into the elections at a time of towering inflation, rising crime rates and fears of a recession. Many expected the Republicans to sweep the floor as a result.

But this didn’t happen and now Biden is staring down the barrel of another four years in office.

Sitting Speaker of the House Nancy Pelosi, who has backed Biden for re-election, says the election results are cause for celebration.

“This is such a cause for the celebration. Chuck Schumer was so correct when he said it was a victory for the people and for the country.”

Meanwhile, Senate Leader Chuck Schumer says even when the path looked bleak, Democratic candidates never gave up the fight.

“Contrast our candidates with some of the people they ran against. Our strong candidates beat some very flawed challengers who had no faith in democracy. No fidelity to the truth or honour. And even when the polls looked bleak, our candidates never gave up,” Schumer said.

Republicans seek answers

With the Senate results more certain, all eyes are now on Donald Trump and Mitch McConnell as Republicans seek answers.

It was supposed to be a red wave, but many commentators have since labeled the results of the 2022 midterm elections as a ‘red ripple’.

Over the weekend, it was all but confirmed the Democrats will hold two critical Senate seats in Arizona and Nevada, and therefore retain control of the upper chamber.

While the Republicans are still favoured to win Congress, their likely majority is continuing to shrink.

Speaking to CNN, Trump critic and Republican Governor Larry Hogan says he’s tired of losing.

“It’s basically the third election in a row that Donald Trump has cost us the race,” Hogan said. “He kept saying, ‘we’re gonna be winning so much, we’ll get tired of winning.’ I’m tired of losing. That’s all he’s done.”

News

RBA holds rates as investors shift from property to stocks

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

Published

2 hours ago

November 26, 2025

Harvey Vargas

RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.

The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.

The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.

We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.

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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV

News

U.S. retail sales slowdown sparks new fears ahead of Fed decision

U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.

Published

2 hours ago

November 26, 2025

Harvey Vargas

U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.

Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.

The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.

Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.

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#RetailSales #USEconomy #FederalReserve #ConsumerSpending #EconomicOutlook #MarketUpdate #InterestRates #TickerNews

News

xAI’s $15 billion raise, deadline pressure and Grokipedia launch

Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.

Published

2 hours ago

November 26, 2025

Harvey Vargas

Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.

Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.

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#xai #elonmusk #ai #startupnews #grok #grokipedia #technews #fundinground