Tag #Inflation

elpais.com
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Spain's New Rental Index Shows 2.2% Year-on-Year Increase

Spain's new Housing Rental Reference Index, released by INE, shows a 2.2% year-on-year increase in November 2024, affecting rental contracts revised from January 2025 onwards, aiming to prevent disproportionate rent hikes under the 2023 Housing Law.

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44% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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High Credit Card Debt Prompts January Push for Debt Forgiveness

Rising inflation and high credit card interest rates are increasing financial strain on Americans; consumer credit card debt rose from \$1.14 trillion to \$1.17 trillion between Q2 and Q3 2024, prompting consideration of debt settlement options like credit card debt forgiveness to alleviate the burd...

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44% Bias Score

Reduced Inequality
dailymail.co.uk
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Investor Uncertainty Rises Amidst Trade War Fears and Tech Market Dominance

A survey of 98 chief investment officers reveals major investor concerns for 2025: a potential US-China trade war with anticipated 38 percent tariffs on Chinese goods, and the dominance of seven tech companies in the US equity market, which constitutes one-third of the S&P 500.

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52% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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US Stock Futures Rise on New Year's Trading Day

US stock index futures rose in premarket trading on January 2, 2025, driven by hopes for economic growth under a new administration and further interest rate cuts, despite concerns about inflation and potential trade wars.

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40% Bias Score

Decent Work and Economic Growth
edition.cnn.com
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Record US Retail Store Closures in 2024

Over 7,300 US retail stores closed in 2024, a 57% increase from 2023, due to high inflation, competition from larger retailers, and strategic errors; this impacted various chains, including Family Dollar, CVS, Walgreens, and Big Lots.

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52% Bias Score

Reduced Inequality
cnn.com
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Record US Retail Store Closures in 2024

Over 7,300 US retail stores closed in 2024, a 57% increase from 2023, due to high inflation, increased online competition, and strategic errors by mid-sized chains; this follows a 2020 pandemic-related closure surge, impacting various retail sectors.

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56% Bias Score

Reduced Inequality
elpais.com
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Mexico Raises Minimum Wage by 12% in 2025

Mexico's minimum wage increased 12% in 2025, reaching 278.80 pesos daily nationwide and 419.88 pesos in the Northern Border Free Zone, impacting various professions and aligning with a 2019 government initiative to boost regional economic development.

Progress

44% Bias Score

No Poverty
cbsnews.com
🌐 65% Global Worthiness
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Gold IRA: A Smart Investment for 2025

Rising inflation and economic uncertainty make a gold IRA a compelling investment for 2025, offering inflation protection, portfolio diversification, and tax benefits.

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60% Bias Score

Reduced Inequality
t24.com.tr
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Turkey's 2024 Economic Challenges: High Inflation and Policy Failures

In 2024, Turkey's economy faced significant challenges due to a post-election shift in economic policies. Despite promises of rational policies, inflation control fell mainly on the Central Bank, leading to high interest rates and limited fiscal policy reforms. High interest rates proved unsustainab...

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48% Bias Score

Reduced Inequality
china.org.cn
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Record U.S. Credit Card Defaults Signal Economic Slowdown

U.S. credit card defaults reached a 14-year high in 2024, with \$46 billion in delinquent loans written off during the first nine months—a 50 percent increase year-over-year—primarily impacting low-income households struggling with inflation and high interest rates, potentially slowing economic grow...

Progress

40% Bias Score

No Poverty
us.cnn.com
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Minimum Wage Hikes Impact 9.2 Million Workers

On January 1, 2024, minimum wage increased in 21 states, affecting 9.2 million workers and boosting pay by $5.7 billion; additional increases occurred in various cities, spurred by inflation and labor movements pushing for a $17 federal minimum wage, which currently stands at $7.25.

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40% Bias Score

No Poverty
abcnews.go.com
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Wall Street Projects Surge in Corporate Profits Amidst Economic Uncertainties

Wall Street forecasts a 9.4% surge in S&P 500 company profits for 2024, exceeding 1.4% growth in 2023, driven by a strong labor market and easing inflation; however, uncertainties remain due to potential policy shifts under the incoming Trump administration and the Federal Reserve's interest rate de...

Progress

40% Bias Score

Decent Work and Economic Growth