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Global Economic Data and Earnings to Shape Market Trends This Week
The week of February 24th-28th brings a flurry of economic data releases, including U.S. GDP and inflation figures, alongside corporate earnings reports from major companies like Home Depot and Nvidia, offering insights into global economic health and inflation pressures.
Global Economic Data and Earnings to Shape Market Trends This Week
The week of February 24th-28th brings a flurry of economic data releases, including U.S. GDP and inflation figures, alongside corporate earnings reports from major companies like Home Depot and Nvidia, offering insights into global economic health and inflation pressures.
Progress
24% Bias Score
Japan's Inflation Hits 19-Month High
Japan's core consumer prices rose 3.2% year-on-year in January, the fastest pace in 19 months, due to higher rice and energy costs; this follows a 3.0% rise in December and 2.7% in November.
Japan's Inflation Hits 19-Month High
Japan's core consumer prices rose 3.2% year-on-year in January, the fastest pace in 19 months, due to higher rice and energy costs; this follows a 3.0% rise in December and 2.7% in November.
Progress
16% Bias Score
Slight Dip in German Jewelry and Watch Sales Despite Higher Prices
German jewelry and watch sales in 2024 totaled €5.26 billion, a slight 1.2% decrease despite fewer customers, due to higher average prices resulting from increased raw material costs; exports also showed mixed results, with jewelry exports slightly down and watch exports slightly up.
Slight Dip in German Jewelry and Watch Sales Despite Higher Prices
German jewelry and watch sales in 2024 totaled €5.26 billion, a slight 1.2% decrease despite fewer customers, due to higher average prices resulting from increased raw material costs; exports also showed mixed results, with jewelry exports slightly down and watch exports slightly up.
Progress
40% Bias Score
Trump Blames Biden for Resurgent Inflation Amid Economists' Disagreement
Former President Trump blamed President Biden for renewed inflation in a recent Fox News interview, citing January's price increases driven by fuel and egg costs; however, economists disagree on the causes of inflation, with some citing government spending and others highlighting supply chain issues...
Trump Blames Biden for Resurgent Inflation Amid Economists' Disagreement
Former President Trump blamed President Biden for renewed inflation in a recent Fox News interview, citing January's price increases driven by fuel and egg costs; however, economists disagree on the causes of inflation, with some citing government spending and others highlighting supply chain issues...
Progress
32% Bias Score
China Condemns US Tariff Hikes, Warning of Economic Harm
China rebuked the US's latest tariff threats, warning that the protectionist measures would harm American consumers and disrupt global trade; economists concur, highlighting the inflationary impact and potential for global economic slowdown.
China Condemns US Tariff Hikes, Warning of Economic Harm
China rebuked the US's latest tariff threats, warning that the protectionist measures would harm American consumers and disrupt global trade; economists concur, highlighting the inflationary impact and potential for global economic slowdown.
Progress
48% Bias Score
Fed Holds Interest Rates Steady Amid Rising Inflation Concerns
The Federal Reserve held its benchmark interest rate steady at 4.3% in January 2025, citing rising inflation risks from President Trump's proposed tariffs, strong consumer spending, and mass deportations of migrants; consumer prices rose 3% year-on-year, exceeding the Fed's preferred inflation measu...
Fed Holds Interest Rates Steady Amid Rising Inflation Concerns
The Federal Reserve held its benchmark interest rate steady at 4.3% in January 2025, citing rising inflation risks from President Trump's proposed tariffs, strong consumer spending, and mass deportations of migrants; consumer prices rose 3% year-on-year, exceeding the Fed's preferred inflation measu...
Progress
40% Bias Score
Trump Backs $5,000 Taxpayer Checks from Musk's Spending Cuts
President Trump endorses a plan to distribute $5,000 checks to taxpayers from savings generated by Elon Musk's government spending cuts, though budget experts express skepticism about the feasibility of the proposal and potential inflationary risks.
Trump Backs $5,000 Taxpayer Checks from Musk's Spending Cuts
President Trump endorses a plan to distribute $5,000 checks to taxpayers from savings generated by Elon Musk's government spending cuts, though budget experts express skepticism about the feasibility of the proposal and potential inflationary risks.
Progress
40% Bias Score
Dutch Wage Growth Outpaces Productivity, Impacting Competitiveness
A Rabobank study reveals a growing gap between wage increases and productivity growth in the Netherlands, impacting international competitiveness; while wages have risen faster than in the Eurozone, productivity growth lags, making Dutch exports 22% more expensive than US products but 13% cheaper th...
Dutch Wage Growth Outpaces Productivity, Impacting Competitiveness
A Rabobank study reveals a growing gap between wage increases and productivity growth in the Netherlands, impacting international competitiveness; while wages have risen faster than in the Eurozone, productivity growth lags, making Dutch exports 22% more expensive than US products but 13% cheaper th...
Progress
48% Bias Score
China Condemns US Tariffs, Economists Predict Inflation and Global Trade Disruption
China criticized the US's new tariffs on Chinese goods, calling for dialogue to resolve the issue, while economists warn of inflation, disrupted trade, and harm to US consumers; citing examples like a 12% price increase on washing machines after a 50% tariff in 2018.
China Condemns US Tariffs, Economists Predict Inflation and Global Trade Disruption
China criticized the US's new tariffs on Chinese goods, calling for dialogue to resolve the issue, while economists warn of inflation, disrupted trade, and harm to US consumers; citing examples like a 12% price increase on washing machines after a 50% tariff in 2018.
Progress
48% Bias Score
Trump's Car Tariffs Threaten US Inflation
President Trump's proposed 25% tariff on imported cars, a sharp increase from the current 2.5%, will increase prices for US consumers, according to the German auto industry, potentially igniting an inflationary spiral and impacting German automakers already struggling with sales in China and the ele...
Trump's Car Tariffs Threaten US Inflation
President Trump's proposed 25% tariff on imported cars, a sharp increase from the current 2.5%, will increase prices for US consumers, according to the German auto industry, potentially igniting an inflationary spiral and impacting German automakers already struggling with sales in China and the ele...
Progress
48% Bias Score
China Condemns US Tariffs, Economists Predict Failure
China criticized US tariffs on Chinese exports, calling them disruptive to economic and trade cooperation, while economists warn of increased inflation, disrupted global trade, and potential isolation for the US.
China Condemns US Tariffs, Economists Predict Failure
China criticized US tariffs on Chinese exports, calling them disruptive to economic and trade cooperation, while economists warn of increased inflation, disrupted global trade, and potential isolation for the US.
Progress
48% Bias Score
Steel and Aluminum Tariffs to Hike Canned Goods Prices
President Trump's new 25% tariff on imported steel and aluminum, effective March 12, will likely raise prices of canned goods due to U.S. reliance on foreign materials, especially tin mill steel (70% imported) for steel cans, and impacting businesses like Alter Brewing Co. and Heyday Canning Co.
Steel and Aluminum Tariffs to Hike Canned Goods Prices
President Trump's new 25% tariff on imported steel and aluminum, effective March 12, will likely raise prices of canned goods due to U.S. reliance on foreign materials, especially tin mill steel (70% imported) for steel cans, and impacting businesses like Alter Brewing Co. and Heyday Canning Co.
Progress
40% Bias Score
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