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What is “Bidenomics” and will it help Biden win in 2024?

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President Joe Biden believes the U.S. economy is in good shape due to his policies. But will that cut through to voters feeling the sting of inflation and high interest rates?

As the 2024 President election bid is well under way, President Joe Biden has begun campaigning on what he believes are the economic achievements of his administration.

And he’s given this campaign a snappy title: “Bidenomics”.

Bidenomics stands to dispel the narrative of the more famous “Reaganomics”, popularised by economic conservative Ronald Reagan which was built around the “trickle-down” theory of economics.

That is, if you reduce taxation on the richest part of society, they would be more likely to put their extra capital back into the economy through investment and starting businesses.

Biden disagrees with this assessment however, and Bidenomics seeks to stimulate growth in the economy through direct investment in manufacturing and infrastructure projects, while raising taxes on the wealthy to pay for it.

“This vision is a fundamental break with an economic theory that has failed America’s middle class for decades now,” Biden said in a speech on Wednesday on his new economic plan.

The plan also highlights the strengths of the current U.S. economy, which has seen some of the strongest growth in the developed world amid low unemployment due to high job creation.

Biden faces a difficult sell on this however, as a majority of Americans do not feel this progress in their daily lives, amid lingering inflation and looming recession fears.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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