Tag #Economy

cnbc.com
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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...

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36% Bias Score

Reduced Inequality
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.

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40% Bias Score

Decent Work and Economic Growth
kathimerini.gr
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Athens Stock Exchange Hits 14-Year High, Fifth Straight Weekly Gain

The Athens Stock Exchange closed at a 14-year high of 1,544.13 points on [Date], marking its fifth consecutive weekly gain fueled by strong bank performance (e.g., Piraeus up 2.43%) and a positive global economic climate influenced by President Trump's statements.

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40% Bias Score

Decent Work and Economic Growth
forbes.com
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1907 Banking Panic: Government Policy and the Birth of the Federal Reserve

The 1907 US banking panic, triggered by insufficient bank reserves due to government regulations mandating high federal bond holdings, resulted in the creation of the Federal Reserve System.

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60% Bias Score

Decent Work and Economic Growth
cnbc.com
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Cramer's Bullpen Expands with Four New Stocks

Jim Cramer's Bullpen watchlist expanded to ten stocks after adding Texas Roadhouse (TXRH), VF Corp (VFC), Capital One (COF), and Intuitive Surgical (ISRG) following this week's January Monthly Meeting; these additions reflect a strategy to identify companies with significant growth potential or prom...

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48% Bias Score

Decent Work and Economic Growth
nbcnews.com
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AmEx Q4 Spending Surges 8%, Driven by Millennial and Gen Z Spending

American Express's fourth-quarter 2023 card spending surged 8% year-over-year, fueled by a 16% jump in transactions from millennials and Gen Z, exceeding growth from older demographics and indicating continued strength in travel and entertainment spending, particularly in premium segments.

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36% Bias Score

Reduced Inequality
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...

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36% Bias Score

Reduced Inequality
theglobeandmail.com
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Trump's Election Triggers Sharp Drop in Orsted's Share Price

Orsted, a Danish energy company, experienced a 15 percent share price drop following Donald Trump's election, due to his anti-renewable energy policies, resulting in billions of dollars in write-downs and project cancellations in the U.S. and impacting the global renewable energy sector.

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48% Bias Score

Climate Action
chinadaily.com.cn
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Lhasa Imports Fair Showcases Xizang's Growing Trade Ties

An imported goods fair opened in Lhasa, Tibet on January 23, featuring products from Russia, Thailand, Nepal, Pakistan, and Afghanistan, aiming to meet local Lunar New Year shopping demands; 62 foreign merchants participate, showcasing the region's growing economic ties with South Asia.

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48% Bias Score

Reduced Inequality
forbes.com
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Canopy Program Empowers Immigrant Women Entrepreneurs in Arkansas

In Bentonville, Arkansas, a program by the nonprofit Canopy helps immigrant women from Afghanistan and Syria start home-based businesses, such as Khalida Ahmadzai's jalapeno chutney, providing crucial income and opportunity, reflecting the larger trend of immigrant entrepreneurship in the U.S.

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48% Bias Score

Decent Work and Economic Growth
cnbc.com
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Landsberg Recommends Selling Texas Instruments and Verizon

Michael Landsberg of Landsberg Bennett advises against investing in Texas Instruments due to its high valuation and lack of AI focus, and against Verizon due to its stagnant long-term performance, while remaining neutral on Twilio, despite its strong recent results.

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40% Bias Score

Decent Work and Economic Growth
elmundo.es
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Spanish Mortgage Applications Surge Despite Rising House Prices

In November 2023, Spain saw a 16.6% year-on-year increase in mortgage applications for home purchases, totaling almost 34,500, driven by rising housing prices and a renewed availability of fixed-rate mortgages, despite the ECB's upcoming interest rate cuts.

Progress

36% Bias Score

Reduced Inequality