Last week was filled with high-stakes economic predictions, political showdowns and eye-opening corporate revelations. From the economist Peter Schiff Sounding the alarm over potential Federal Reserve missteps JD Vance criticizing the vice president Kamala Harris As for the controversial Chinese battery plant, the news cycle was anything but dull. Below, we take a closer look at the top stories.
Economist Peter Schiff warns of a Federal Reserve misstep
As the dollar weakens in anticipation of Federal Reserve rate cuts, renowned economist Peter Schiff expressed concerns about the potential inflationary impact of a weaker dollar. Schiff's warning comes as the US dollar hit an eight-month low against the Swiss franc.
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JD Vance criticizes Kamala Harris over Chinese battery plant
Republican vice presidential candidate JD Vance has expressed strong opposition to the planned establishment of a Chinese battery plant in Michigan, blaming the decision on Democratic policies. Vance accused Vice President Kamala Harris of allowing Chinese battery manufacturer Gotion access to clean energy companies.
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See also: Wall Street waits and watches ahead of Nvidia results
Dollar General's financial problems
General Dollar Corporation. Managing director The company reported disappointing second-quarter earnings, blaming it on low-income consumers facing economic hardship. The discount retailer's core customers, primarily households earning less than $35,000 a year, are reportedly feeling more financially strained than they were six months ago.
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Former Trump rival warns against Kamala Harris' economic policies
Vivek Ramaswamy, a former Republican presidential candidate and rival of Donald Trump, criticized Kamala Harris' economic agenda, particularly her proposals for price controls, citing the failures of such policies in other countries.
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Kamala Harris beats Trump on economic issues
Nobel Prize-winning economist Paul Krugman highlighted a Michigan poll showing Vice President Kamala Harris leading former President Donald Trump on economic issues. The poll shows Harris is favored over Trump on the economy by a 41-38 margin.
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