LVMH Exceeds Sales Expectations, Signaling Luxury Sector Turnaround
LVMH reported €84.68 billion in 2024 sales, exceeding analyst forecasts and showing 1% organic growth year-over-year, driven by strong performance in Europe, the U.S., and Japan, despite weakness in Asia and lagging performance in some segments.
LVMH Exceeds Sales Expectations, Signaling Luxury Sector Turnaround
LVMH reported €84.68 billion in 2024 sales, exceeding analyst forecasts and showing 1% organic growth year-over-year, driven by strong performance in Europe, the U.S., and Japan, despite weakness in Asia and lagging performance in some segments.
Progress
36% Bias Score
Oil Prices Edge Higher Despite Weak Demand
Global oil prices saw a slight increase on Tuesday, with Brent crude at $77.63 and WTI at $73.66 per barrel, despite being near two-week lows due to weak Chinese economic data and warmer US temperatures; however, disruptions to Libyan oil exports, affecting 450,000 barrels per day, offered some supp...
Oil Prices Edge Higher Despite Weak Demand
Global oil prices saw a slight increase on Tuesday, with Brent crude at $77.63 and WTI at $73.66 per barrel, despite being near two-week lows due to weak Chinese economic data and warmer US temperatures; however, disruptions to Libyan oil exports, affecting 450,000 barrels per day, offered some supp...
Progress
36% Bias Score
Davos 2024: Global Uncertainty and Geox's Strategic Response
Geox's president, Mario Moretti Polegato, discussed the global economic uncertainty at Davos, expressing concerns about potential US tariffs and geopolitical instability impacting businesses, particularly in Russia and China. He emphasized avoiding trade wars and adapting to changing markets.
Davos 2024: Global Uncertainty and Geox's Strategic Response
Geox's president, Mario Moretti Polegato, discussed the global economic uncertainty at Davos, expressing concerns about potential US tariffs and geopolitical instability impacting businesses, particularly in Russia and China. He emphasized avoiding trade wars and adapting to changing markets.
Progress
56% Bias Score
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...
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
China's Record Imports Defy Protectionism, Boosting Global Economy
In 2024, China's imports reached a record 18 trillion yuan ($2.47 trillion), a 2.3 percent increase, defying rising global trade protectionism, particularly from the US which proposed a 10 percent tariff on Chinese goods. China aims to create a globally shared market to boost the global economy.
China's Record Imports Defy Protectionism, Boosting Global Economy
In 2024, China's imports reached a record 18 trillion yuan ($2.47 trillion), a 2.3 percent increase, defying rising global trade protectionism, particularly from the US which proposed a 10 percent tariff on Chinese goods. China aims to create a globally shared market to boost the global economy.
Progress
36% Bias Score
BOJ Raises Rates to 0.5%, Highest Since 2008
The Bank of Japan raised interest rates by 25 basis points to 0.5% on Friday, its highest since 2008, due to sustained inflation and rising wages, resulting in a stronger yen and a slightly higher Nikkei index; the decision was an 8-1 vote.
BOJ Raises Rates to 0.5%, Highest Since 2008
The Bank of Japan raised interest rates by 25 basis points to 0.5% on Friday, its highest since 2008, due to sustained inflation and rising wages, resulting in a stronger yen and a slightly higher Nikkei index; the decision was an 8-1 vote.
Progress
12% Bias Score
Private Credit Outperforms; Caution on Indian Equities
Mubadala Investment's top-performing asset class is private credit, exceeding expectations in the last two to three years, while the Indian equity market underperformed in late 2024 due to high inflation and decreased corporate earnings.
Private Credit Outperforms; Caution on Indian Equities
Mubadala Investment's top-performing asset class is private credit, exceeding expectations in the last two to three years, while the Indian equity market underperformed in late 2024 due to high inflation and decreased corporate earnings.
Progress
48% Bias Score
Massive AI Energy Demands Highlight Funding Challenges
Barclays Europe CEO Francesco Ceccato warns that no single entity can fund AI's energy needs, highlighting a recent report predicting a surge in energy demand to 1,000 terawatt-hours by 2030 for global data centers, while the US announces a $500 billion joint venture investment in AI infrastructure.
Massive AI Energy Demands Highlight Funding Challenges
Barclays Europe CEO Francesco Ceccato warns that no single entity can fund AI's energy needs, highlighting a recent report predicting a surge in energy demand to 1,000 terawatt-hours by 2030 for global data centers, while the US announces a $500 billion joint venture investment in AI infrastructure.
Progress
36% Bias Score
Global BEV Sales Rise 14.3% in 2024, but German Market Contracts Sharply
Global sales of battery electric vehicles (BEVs) reached over 10.4 million units in 2024, a 14.3% increase from 2023, led by China (6.7 million units), while Germany's market contracted by 27% due to the end of purchase incentives, dropping to fourth place behind the UK.
Global BEV Sales Rise 14.3% in 2024, but German Market Contracts Sharply
Global sales of battery electric vehicles (BEVs) reached over 10.4 million units in 2024, a 14.3% increase from 2023, led by China (6.7 million units), while Germany's market contracted by 27% due to the end of purchase incentives, dropping to fourth place behind the UK.
Progress
44% Bias Score
China's Record Imports Defy Protectionism, Boosting Global Economy
In 2024, China imported a record 18 trillion yuan ($2.47 trillion), a 2.3 percent increase, defying global protectionism and solidifying its position as the world's second-largest importer for the 16th consecutive year; this strategy aims to boost global economic growth despite trade tensions with t...
China's Record Imports Defy Protectionism, Boosting Global Economy
In 2024, China imported a record 18 trillion yuan ($2.47 trillion), a 2.3 percent increase, defying global protectionism and solidifying its position as the world's second-largest importer for the 16th consecutive year; this strategy aims to boost global economic growth despite trade tensions with t...
Progress
44% Bias Score
WEF Meeting Highlights Weak Global Economy, Urges Cooperation Amid Protectionism Concerns
The 2025 World Economic Forum (WEF) annual meeting in Davos, Switzerland, highlighted a weak global economic recovery, with 56 percent of surveyed chief economists expecting a decline in 2025, while the IMF projects growth below the 2000-2019 average. Concerns over rising protectionism and geopoliti...
WEF Meeting Highlights Weak Global Economy, Urges Cooperation Amid Protectionism Concerns
The 2025 World Economic Forum (WEF) annual meeting in Davos, Switzerland, highlighted a weak global economic recovery, with 56 percent of surveyed chief economists expecting a decline in 2025, while the IMF projects growth below the 2000-2019 average. Concerns over rising protectionism and geopoliti...
Progress
36% Bias Score
BOJ Raises Interest Rate to 0.5%, Highest in 17 Years
The Bank of Japan raised its key short-term interest rate to 0.5 percent on Friday, its highest level in 17 years, citing expectations for wage hikes and rising inflation, including a 3 percent increase in core consumer prices in December.
BOJ Raises Interest Rate to 0.5%, Highest in 17 Years
The Bank of Japan raised its key short-term interest rate to 0.5 percent on Friday, its highest level in 17 years, citing expectations for wage hikes and rising inflation, including a 3 percent increase in core consumer prices in December.
Progress
32% Bias Score