Biden Commutes Over 2,000 Drug Sentences, Setting New Presidential Record
President Joe Biden commuted the sentences of over 2,000 individuals convicted of nonviolent drug offenses on Friday, exceeding any previous president's record and citing the need to correct sentencing disparities, particularly those related to crack and powder cocaine.
Biden Commutes Over 2,000 Drug Sentences, Setting New Presidential Record
President Joe Biden commuted the sentences of over 2,000 individuals convicted of nonviolent drug offenses on Friday, exceeding any previous president's record and citing the need to correct sentencing disparities, particularly those related to crack and powder cocaine.
Progress
36% Bias Score
European Markets Rise Despite Mixed Economic Data
European markets opened higher on Friday, following strong Wednesday gains and a 0.1% rise in UK GDP in November, despite a 0.3% fall in December retail sales and ended merger talks between Glencore and Rio Tinto; rising Eurozone inflation adds complexity.
European Markets Rise Despite Mixed Economic Data
European markets opened higher on Friday, following strong Wednesday gains and a 0.1% rise in UK GDP in November, despite a 0.3% fall in December retail sales and ended merger talks between Glencore and Rio Tinto; rising Eurozone inflation adds complexity.
Progress
24% Bias Score
Weak UK Retail Sales Fuel Expectations of BOE Rate Cuts
Weak UK retail sales in December (-0.3% MoM), defying forecasts, add to economic concerns, fueling market expectations of over 75 basis points in Bank of England interest rate cuts in 2025 and complicating Finance Minister Rachel Reeves's economic agenda amid high bond yields and inflation.
Weak UK Retail Sales Fuel Expectations of BOE Rate Cuts
Weak UK retail sales in December (-0.3% MoM), defying forecasts, add to economic concerns, fueling market expectations of over 75 basis points in Bank of England interest rate cuts in 2025 and complicating Finance Minister Rachel Reeves's economic agenda amid high bond yields and inflation.
Progress
52% Bias Score
Market Movers: Energy Surges, Retail Mixed, Quantum Computing Rallies
CNBC's market analysis reveals mixed results for regional banks, a surge in the energy sector, strong holiday sales for some retailers, and a rally in quantum computing stocks, contrasting with Apple's downturn and overall market trends.
Market Movers: Energy Surges, Retail Mixed, Quantum Computing Rallies
CNBC's market analysis reveals mixed results for regional banks, a surge in the energy sector, strong holiday sales for some retailers, and a rally in quantum computing stocks, contrasting with Apple's downturn and overall market trends.
Progress
36% Bias Score
Democrats Push for Inaugural Committee Transparency Amid Record Fundraising
Senate Democrats reintroduced the Inaugural Committee Transparency Act to increase oversight of presidential inaugural committees' spending after Trump's second inaugural committee raised over \$170 million, aiming to prevent misuse of funds and promote transparency.
Democrats Push for Inaugural Committee Transparency Amid Record Fundraising
Senate Democrats reintroduced the Inaugural Committee Transparency Act to increase oversight of presidential inaugural committees' spending after Trump's second inaugural committee raised over \$170 million, aiming to prevent misuse of funds and promote transparency.
Progress
40% Bias Score
Strong Q4 Earnings Expected from 34 S&P 500 Companies
Next week, 34 S&P 500 companies, including Netflix, will report Q4 earnings, potentially exceeding expectations, with FactSet predicting a 12.3% growth; Wall Street favors several, such as Las Vegas Sands, Procter & Gamble, and Teledyne Technologies, showing significant upward revisions in earnings ...
Strong Q4 Earnings Expected from 34 S&P 500 Companies
Next week, 34 S&P 500 companies, including Netflix, will report Q4 earnings, potentially exceeding expectations, with FactSet predicting a 12.3% growth; Wall Street favors several, such as Las Vegas Sands, Procter & Gamble, and Teledyne Technologies, showing significant upward revisions in earnings ...
Progress
48% Bias Score
Sortera's AI-Powered Recycling Technology Revolutionizes Scrap Metal Industry
Sortera, an Indiana startup, uses AI to sort shredded aluminum, enabling domestic reuse and reducing energy consumption by 95% compared to new aluminum production; the company aims to expand this process to other scrap metals.
Sortera's AI-Powered Recycling Technology Revolutionizes Scrap Metal Industry
Sortera, an Indiana startup, uses AI to sort shredded aluminum, enabling domestic reuse and reducing energy consumption by 95% compared to new aluminum production; the company aims to expand this process to other scrap metals.
Progress
40% Bias Score
Bitcoin's Price Surge Prompts Protective Options Strategy
Fueled by anticipation of a Trump administration's pro-crypto policies, Bitcoin's price has almost doubled since September, exceeding \$100,000; an investor is using a put spread strategy on the iShares Bitcoin Trust ETF (IBIT) to hedge against potential price drops.
Bitcoin's Price Surge Prompts Protective Options Strategy
Fueled by anticipation of a Trump administration's pro-crypto policies, Bitcoin's price has almost doubled since September, exceeding \$100,000; an investor is using a put spread strategy on the iShares Bitcoin Trust ETF (IBIT) to hedge against potential price drops.
Progress
48% Bias Score
Direct File's Future Uncertain Amidst Republican Opposition
The IRS's Direct File free tax filing program, which processed 140,000 returns in its 2024 pilot across 25 states saving taxpayers an estimated \$5.6 million, faces an uncertain future due to Republican opposition under the incoming GOP administration.
Direct File's Future Uncertain Amidst Republican Opposition
The IRS's Direct File free tax filing program, which processed 140,000 returns in its 2024 pilot across 25 states saving taxpayers an estimated \$5.6 million, faces an uncertain future due to Republican opposition under the incoming GOP administration.
Progress
48% Bias Score
Pre-Market Stock Movers: Earnings Disappointments and Positive Investor Sentiment
Before the bell, J.B. Hunt and Fastenal shares fell due to disappointing Q4 earnings, while Qorvo, MoonLake Immunotherapeutics, Life360, Rivian, Lam Research, Applied Materials, Salesforce, and Cloudflare saw gains due to analyst upgrades, strategic partnerships, or positive investor sentiment.
Pre-Market Stock Movers: Earnings Disappointments and Positive Investor Sentiment
Before the bell, J.B. Hunt and Fastenal shares fell due to disappointing Q4 earnings, while Qorvo, MoonLake Immunotherapeutics, Life360, Rivian, Lam Research, Applied Materials, Salesforce, and Cloudflare saw gains due to analyst upgrades, strategic partnerships, or positive investor sentiment.
Progress
36% Bias Score
Trump Trade Boosts S&P 500 to Best Week Since November Election
The S&P 500 is experiencing its best week since the November election due to the resurgence of the "Trump trade", with banks and energy stocks leading the gains on expectations of business deregulation under Trump's potential executive orders, while overcoming previous inflation concerns.
Trump Trade Boosts S&P 500 to Best Week Since November Election
The S&P 500 is experiencing its best week since the November election due to the resurgence of the "Trump trade", with banks and energy stocks leading the gains on expectations of business deregulation under Trump's potential executive orders, while overcoming previous inflation concerns.
Progress
48% Bias Score
CFPB Fines Equifax \$15 Million for Credit Reporting Errors
The Consumer Financial Protection Bureau (CFPB) fined Equifax \$15 million for failing to properly investigate disputed consumer credit report information, citing flawed processes and technology that harmed millions since at least October 2017, violating the Fair Credit Reporting Act.
CFPB Fines Equifax \$15 Million for Credit Reporting Errors
The Consumer Financial Protection Bureau (CFPB) fined Equifax \$15 million for failing to properly investigate disputed consumer credit report information, citing flawed processes and technology that harmed millions since at least October 2017, violating the Fair Credit Reporting Act.
Progress
40% Bias Score