The first televised debate in the U.S. presidential election began with a mention of the U.S. economy and inflation.
US President Joe Biden, a Democrat, said he inherited from Republican Donald Trump an "America with a collapsing economy and rising unemployment" when he took office, BBC reported.
"We have to bounce back," Biden said. He also said things were "very bad" under the Republican Trump administration, saying Trump had "done nothing."
Biden used the word "chaos" several times.
Recently, the US e-commerce giant Amazon has engaged in a head-on battle with the world's largest retailer Walmart. Both will simultaneously launch their largest annual online promotion campaigns. Besides e-commerce platforms, the price war has also affected physical retailing under various pressures, making discounted prices increasingly important to consumers, and maintaining profits has become the top priority for retail giants.
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