Tag #Economy

cnbc.com
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Trump's DEI Order Prompts Davos Debate on Corporate Diversity Strategies

President Trump's executive order targeting federal DEI programs and potential extension to private institutions sparks debate at Davos, with CEOs navigating evolving political landscapes while maintaining commitments to diverse workforces.

Progress

56% Bias Score

Gender Equality
cnbc.com
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Record Market High Amidst Boeing Loss, Trump's Davos Remarks, and Soaring Store Closures

The S&P 500 hit a record high Thursday, but Boeing announced a $4 billion Q4 loss, Trump pressured the Federal Reserve at Davos, and US store closures are spiking, exceeding 2020 levels.

Progress

24% Bias Score

Decent Work and Economic Growth
cnbc.com
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Twilio's Bullish Forecast Sends Stock Soaring

Twilio, a cloud communications software company, issued a positive profit forecast for 2025-2027, projecting a 21-22% adjusted operating margin by 2027, exceeding analyst estimates, and $3 billion in free cash flow, fueled by AI integration and expansion into new markets; its stock rose over 10% aft...

Progress

40% Bias Score

Decent Work and Economic Growth
npr.org
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LA Wildfires Expose Housing Crisis as Landlords Face Price-Gouging Charges

Following the January 7th Los Angeles wildfires, landlords illegally raised rents by 30-130%, violating California's price-gouging law; tenant organizer Chelsea Kirk's online spreadsheet documenting these increases prompted investigations and legal action against 500 landlords and one realtor.

Progress

20% Bias Score

Reduced Inequality
french.china.org.cn
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Davos 2025: WEF Calls for Global Cooperation Amidst Uncertainty

The 2025 World Economic Forum (WEF) annual meeting in Davos, Switzerland, concluded with a call for increased global cooperation to address economic instability, geopolitical conflicts, and rapid technological progress, as emphasized by WEF President Borge Brende and IMF Director Kristalina Georgiev...

Progress

44% Bias Score

Partnerships for the Goals
cnbc.com
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Market Pauses After Record High; Busy Week Ahead

The S&P 500 closed slightly lower on Friday after reaching a new high on Thursday, while the CNBC Investing Club trimmed its Stanley Black & Decker position and noted strong communication services and healthcare sector performance, with energy lagging; a busy week of earnings, Fed meetings, and econ...

Progress

40% Bias Score

Decent Work and Economic Growth
cnbc.com
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Bank of Japan Hikes Rates; S&P 500 Hits Record High Amid Trump's Davos Remarks

The Bank of Japan raised interest rates to 0.5%, the highest since 2008, strengthening the yen while the S&P 500 hit a record high due to positive investor sentiment following Trump's Davos speech advocating lower interest rates and oil prices; however, experts caution against solely relying on Trum...

Progress

36% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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S&P 500 Closes Lower Despite Record-High Week Fueled by Trump's Return

Following President Trump's return, the S&P 500 initially reached record highs before closing 0.3% lower at 6,101.24 on Friday, while the Nasdaq and Dow also fell, despite the week showing overall gains fueled by optimism towards his pro-business policies and relief over his merely threatening tarif...

Progress

36% Bias Score

Reduced Inequality
cnbc.com
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Wall Street Reacts to Mixed Earnings Reports: GE Aerospace Soars, Others Face Downgrades

Following better-than-expected earnings, GE Aerospace saw its stock price jump 6.6%, prompting analysts at JPMorgan and UBS to raise their price targets; conversely, Guggenheim downgraded GE Vernova. Other companies like Discover, Boeing, Novo Nordisk, Twilio, Apple, Texas Instruments, and Mastercar...

Progress

48% Bias Score

Decent Work and Economic Growth
chinadaily.com.cn
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China's Electricity Consumption Surges on Green Tech Boom

China's electricity consumption rose by 6.8 percent in 2024 to 9.85 trillion kWh, driven by high-tech manufacturing (10.3 percent increase) and electric vehicles (34.3 percent increase), reflecting a national shift towards green technologies and industrial transformation; renewable energy capacity s...

Progress

48% Bias Score

Affordable and Clean Energy
cnbc.com
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Alphabet Stock Hits $200 on AI Optimism

Alphabet's stock reached $200 per share on Friday, fueled by investor confidence in its AI advancements despite increased competition. The company's Q3 revenue grew 15% year-over-year, and analysts view Google as a significant player in the AI field, although challenges remain.

Progress

40% Bias Score

Decent Work and Economic Growth
cnbc.com
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Federal Student Loan Collections to Resume in 2024

The U.S. Department of Education will resume collecting on defaulted federal student loans in 2024, impacting 5.5 million borrowers; wage garnishment starts in October, and Social Security offsets may begin in August; the Biden administration implemented measures to lessen the impact, including expa...

Progress

36% Bias Score

Reduced Inequality