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U.S. House Republican McCarthy launches Biden impeachment inquiry

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McCarthy said Republicans have turned up evidence of phone calls, money transfers and other activity that “paints a picture of a culture of corruption” in Biden’s family.

 
Republican U.S. House Speaker Kevin McCarthy on Tuesday launched an impeachment inquiry into Joe Biden, propelling Congress toward a long-shot effort to remove the Democratic president that follows two impeachments of former President Donald Trump.

McCarthy’s move sets the stage for months of divisive House of Representatives hearings that could distract from lawmakers’ efforts to avoid a government shutdown and could supercharge the 2024 presidential race, in which Trump hopes to avenge his 2020 election loss to Biden and win back the White House.

White House spokesperson Ian Sams said Republicans have turned up no evidence of wrongdoing.

“Extreme politics at its worst,” Sams wrote on social media.

Republicans, who now narrowly control the House, have accused Biden of profiting while he served as vice president from 2009 to 2017 from his son Hunter Biden’s foreign business ventures, though they have not presented substantiation.

“We will go where the evidence takes us,” McCarthy said.

Biden previously had mocked Republicans over a possible impeachment. No U.S. president has ever been removed from office by impeachment, but the procedure – once a rarity – has become commonplace.

Republicans have been investigating Hunter Biden’s business activities for years, and a federal prosecutor is also pursuing criminal tax and firearms charges against the president’s son.

McCarthy said Republicans have turned up evidence of phone calls, money transfers and other activity that “paints a picture of a culture of corruption” in Biden’s family. He did not cite any evidence of misconduct by Biden himself. #JoeBiden #impeachment #Bidenimpeachment

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China faces economic slowdown amid Trump’s tariffs

China faces pressure to hit a 5% growth target amidst US tariffs, with analysts urging a 2 trillion yuan stimulus to mitigate trade war effects.

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China faces pressure to hit a 5% growth target amidst US tariffs, with analysts urging a 2 trillion yuan stimulus to mitigate trade war effects.


China is under pressure to meet its 5% growth target this year as US tariffs bite.

Analysts are calling for a major stimulus package—up to 2 trillion yuan—to combat trade war fallout.

This episode explores what measures Beijing may take, and whether Chinese consumers can help steady the ship.

#ChinaEconomy #TrumpTariffs #GlobalTrade #Stimulus #ChineseGrowth #Beijing #ConsumerSpending #TickerNews

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Tariffs shake tech sector and US dollar stability

“Amid global tariffs and tech giants’ warnings, we explore economic stability and the US dollar’s role with insights from David Scutt and Australia’s resilient jobs report.”

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“Amid global tariffs and tech giants’ warnings, we explore economic stability and the US dollar’s role with insights from David Scutt and Australia’s resilient jobs report.”


As tariffs ripple through global markets, questions emerge about tech stability and the US dollar’s safe-haven status.

With giants like Nvidia and ASML raising red flags, are we looking at isolated concerns—or a broader systemic risk?

Plus, Australia’s jobs report shows resilience. We discuss with David Scutt from StoneX.

#TechStocks #USDollar #Nvidia #ASML #GlobalMarkets #TradeWar #EconomicForecast #TickerNews

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Powell warns tariffs may slow US economy

Powell says US economy strong, but warns Trump’s tariffs may cause inflation and growth risks; impacts on Wall Street and investors dissected. #JeromePowell #FederalReserve #USEconomy #Tariffs #Inflation #StockMarket #TrumpTariffs #TickerNews

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Powell says US economy strong, but warns Trump’s tariffs may cause inflation and growth risks; impacts on Wall Street and investors dissected. #JeromePowell #FederalReserve #USEconomy #Tariffs #Inflation #StockMarket #TrumpTariffs #TickerNews


Federal Reserve Chair Jerome Powell says the US economy remains strong, but Trump’s tariffs may threaten growth.

Powell warns that these trade barriers could trigger higher inflation, slower growth, and financial market volatility.

We break down what Powell said and what it means for Wall Street and everyday investors.

#JeromePowell #FederalReserve #USEconomy #Tariffs #Inflation #StockMarket #TrumpTariffs #TickerNews

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