Money

The U.S. is worried about China’s economy

Published

2 years ago

August 11, 2023

U.S. President Joe Biden delivered a stark assessment of China’s economic state, labeling it a “ticking time bomb” due to its ongoing economic struggles.

Speaking at a political fundraiser in Utah, Biden expressed concerns about China’s economic challenges and their potential ramifications on the global stage.

Biden’s choice of words echoes his previous candid remarks made during a fundraiser in June, where he referred to Chinese President Xi Jinping as a “dictator.” China swiftly characterized those comments as provocative.

These recent statements come in the wake of U.S. Secretary of State Antony Blinken’s visit to China, a diplomatic effort aimed at stabilizing bilateral relations that have reached a historic low.

Tensions between the two nations have escalated to levels not seen since formal diplomatic ties were established in 1979.

Mixed signals

China’s economic indicators have been sending mixed signals, with its consumer sector experiencing deflation and factory-gate prices continuing their downward trajectory through July.

The nation’s economic trajectory raises concerns about the potential for prolonged sluggish growth, stagnant consumer prices, and subdued wage growth, setting it apart from the inflation trends observed in other parts of the world.

Contrastingly, the United States, boasting the world’s largest economy, has been contending with higher inflation levels while maintaining a robust labor market.

Addressing the situation, Biden remarked on Thursday, “China is in trouble.” Despite his candid remarks, he emphasized his intentions to foster a rational and constructive relationship with China, with no desire to inflict harm upon the country.

Just the day prior, President Biden signed an executive order imposing restrictions on new U.S. investments in China, particularly focusing on sensitive technologies such as computer chips.

China, which holds the second-largest global economy, responded by expressing grave concerns over the order and asserting its right to implement countermeasures.

Money

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

1 day ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

1 day ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

5 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker