Category: Biden
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Wall Street in measured mood as Biden bows out
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A look at the day ahead in European and global markets from Wayne Cole. The day began with the unexpected news that President Joe Biden had dropped out of the race, and the market reaction so far has been muted. Wall Street futures have become more stable, bond yields have…
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Asia FX weak, dollar edges lower after Biden drops presidential bid By Investing.com
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Investing.com – Most Asian currencies were steady on Monday after an unexpected interest rate cut in China provided some cheer, while the dollar fell after President Joe Biden said he would not seek re-election. Biden has endorsed Vice President Kamala Harris, who is now likely to face Republican front-runner Donald…
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Kamala Harris leads as Biden exits White House race: Political meme coins react
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Political meme coins have reacted to President Joe Biden’s decision to end his re-election bid in the 2024 US presidential election and endorse Vice President Kamala Harris as the Democratic nominee. Minutes after Biden’s announcement, the cryptocurrency market for political meme coins saw significant volatility. Kamala Horris Coin is up…
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Kamala Harris leads as Biden exits White House race: Political meme coins react
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Political meme coins have reacted to President Joe Biden’s decision to end his re-election bid in the 2024 US presidential election and endorse Vice President Kamala Harris as the Democratic nominee. Minutes after Biden’s announcement, the cryptocurrency market for political meme coins saw significant volatility. Kamala Horris Coin is up…
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Biden ends failing reelection campaign, backs Harris as nominee By Reuters
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By Jeff Mason, Garrett Renshaw, and Steve Holland REHOBOTH BEACH, Del. (Reuters) – U.S. President Joe Biden on Sunday abandoned his faltering re-election bid under growing pressure from fellow Democrats and endorsed Vice President Kamala Harris to replace him as the party’s nominee to face Republican Donald Trump in November’s…
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Early Monday FX rates – 22 July 2024 – US dollar little changed after Biden pulls out
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I’ve posted the very early interest rates here: Opening levels Monday morning, indicative exchange rates July 22, 2024, little changed from late Friday Now updating with Sunday’s big political news from the US, Biden has withdrawn from the presidential election: It’s finally Gopher. It’s still very early here in Asia,…
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Investors react to Biden pulling out of presidential race By Reuters
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NEW YORK (Reuters) – U.S. President Joe Biden ended his re-election campaign on Sunday after fellow Democrats lost confidence in his intelligence and ability to defeat Donald Trump, leaving the presidential race in uncharted territory. Here are the investors’ comments: David Wagner, Portfolio Manager, APTUS CAPITAL ADVISORS LLC, Fairhope, Alabama:…
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Joe Biden drops out of re-election race, backs Harris to replace him on ticket
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President Biden said Sunday he will withdraw from his position as the presumptive Democratic nominee after weeks of criticism following a poor debate performance and a rebellion by prominent Democratic donors. in Message posted On his X account, Biden reviewed his accomplishments while in office, and said he would address…
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Biden Gets Thumbs-Down from Manchin, Renewed Backing by Clyburn
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Breadcrumbs Path Links PMN Business Senator Joe Manchin called on President Joe Biden to drop out of the 2024 presidential race, adding his voice to about three dozen U.S. lawmakers who are publicly saying it’s time to find a new Democratic nominee. Article author: Bloomberg News Alicia Diaz Published on…
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Trump Fans Yell They Want Biden, Not Harris, as 2024 Opponent
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Breadcrumbs Path Links PMN Business Donald Trump polled supporters at his Michigan rally on whether they would prefer him to run against President Joe Biden or Vice President Kamala Harris. A large group of voters indicated they wanted the 81-year-old president to be Trump’s opponent. Article author: Bloomberg News Mark…
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VP Harris hits fundraising trail amid ongoing calls for Biden to leave race By Reuters
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By Trevor Hunnicutt and Jeff Mason JOINT BASE CAPE COD, Massachusetts/REHOBOTH BEACH, Delaware (Reuters) – U.S. Vice President Kamala Harris will attend a fundraiser in Massachusetts on Saturday as President Joe Biden faces continued pressure from fellow Democrats and major donors to end his struggling campaign. Biden and his top…
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How would the bond and FX markets react to Biden dropping out of the race?
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10-Year US Treasury Yields The bond market is usually the first to figure things out, but even that market is suffering from political turmoil and economic uncertainty right now. Notably, yields on long-term Treasury bonds jumped immediately after the debate on June 28, signaling a Republican sweep along with more…
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Washington Post: Biden needs to seriously consider his viabilty
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It is noteworthy that the Washington Post says that former President Barack Obama told his allies that Biden needs to think seriously about his ability to survive. The article adds that Biden’s path to victory has shrunk dramatically. That feeling hasn’t been unusual lately. Biden even opened the door, saying…
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Washington Post: Biden needs to seriously consider his viabilty
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It is noteworthy that the Washington Post says that former President Barack Obama told his allies that Biden needs to think seriously about his ability to survive. The article adds that Biden’s path to victory has shrunk dramatically. That feeling hasn’t been unusual lately. Biden even opened the door, saying…
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Exclusive-In blow to Biden, Teamsters consider no endorsement in 2024 race By Reuters
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By Trevor Hunnicutt and Garrett Renshaw WASHINGTON (Reuters) – President Joe Biden is on the verge of failing to win a key union endorsement as leaders of the 1.3 million-member Truck Drivers Association consider not backing any candidate at all in the U.S. presidential race, two people familiar with the…
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Biden says ‘it’s time to cool it down’ after Trump assassination attempt
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In a prime-time national address from the Oval Office, Biden said political passions could run high but “we must never descend into violence.” “There is no place in America for this kind of violence — for any violence at all. Period. No exceptions. We cannot allow this violence to be…
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Joe Biden, Kamala Harris parody meme coins see price plummet
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In the wake of the assassination attempt on former President Donald Trump at a campaign rally in Pennsylvania, GeoBoden announced that itBoden)and Kamala Horace(Likes) Meme coins have seen a huge drop in price. Tokens featuring the names of President Joe Biden and Vice President Kamala Harris have trended in the…
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Inflation, deficit under Trump would be worse than under Biden, WSJ’s survey shows By Investing.com
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According to a report in the Wall Street Journal this week, most economists expect inflation, deficits and interest rates to be higher under a second Trump administration than they would be if Biden remained in the White House. Citing its quarterly poll of forecasters conducted July 5-9, The Wall Street…
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House Democratic leader Jeffries met with Biden yesterday. The read-out isn’t glowing
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Biden faces more calls to step aside By Investing.com
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A growing number of Democratic lawmakers are urging President Joe Biden to drop out of the 2024 presidential race because they believe a younger candidate may be better suited to take on the challenges ahead. Calls for Biden to withdraw have grown since Biden’s solo press conference after the NATO…