S&P 500 Snaps Winning Streak Amid Apple's China Sales Slump
On Thursday, the S&P 500 fell 0.21%, ending a three-day winning streak, primarily due to a 4% drop in Apple's stock price following a report showing it fell to third in Chinese smartphone sales; the U.K. also announced weaker-than-expected economic growth.
S&P 500 Snaps Winning Streak Amid Apple's China Sales Slump
On Thursday, the S&P 500 fell 0.21%, ending a three-day winning streak, primarily due to a 4% drop in Apple's stock price following a report showing it fell to third in Chinese smartphone sales; the U.K. also announced weaker-than-expected economic growth.
Progress
32% Bias Score
China's 5% Growth Slowdown Impacts Asian Markets
China's economy grew 5% in 2024, meeting its target but slowing from the previous year, impacting Asian markets which saw mostly lower shares amid concerns about future economic deceleration and US-China trade tensions.
China's 5% Growth Slowdown Impacts Asian Markets
China's economy grew 5% in 2024, meeting its target but slowing from the previous year, impacting Asian markets which saw mostly lower shares amid concerns about future economic deceleration and US-China trade tensions.
Progress
48% Bias Score
Eurozone Slowdown Amidst High Energy Prices and US-China Economic Uncertainty
High European energy prices, five times the US rate, are slowing Eurozone growth, impacting countries heavily reliant on industrial production, while Spain thrives on tourism. The US, with stronger productivity and investment, outpaces Europe, but faces risks from its trade and fiscal policies; Chin...
Eurozone Slowdown Amidst High Energy Prices and US-China Economic Uncertainty
High European energy prices, five times the US rate, are slowing Eurozone growth, impacting countries heavily reliant on industrial production, while Spain thrives on tourism. The US, with stronger productivity and investment, outpaces Europe, but faces risks from its trade and fiscal policies; Chin...
Progress
48% Bias Score
Biden Defends Economic Record Amid Rising Inflation and Negative Public Opinion
In his final interview before leaving office, President Biden defended his economic record, claiming inflation is near 2% and blaming Republican-led states for economic mismanagement, despite data showing inflation at 2.9% in December and a Fox News poll showing 52% believing his administration wors...
Biden Defends Economic Record Amid Rising Inflation and Negative Public Opinion
In his final interview before leaving office, President Biden defended his economic record, claiming inflation is near 2% and blaming Republican-led states for economic mismanagement, despite data showing inflation at 2.9% in December and a Fox News poll showing 52% believing his administration wors...
Progress
56% Bias Score
European Markets Rise Despite Mixed Economic Data
European markets opened higher on Friday, following strong Wednesday gains and a 0.1% rise in UK GDP in November, despite a 0.3% fall in December retail sales and ended merger talks between Glencore and Rio Tinto; rising Eurozone inflation adds complexity.
European Markets Rise Despite Mixed Economic Data
European markets opened higher on Friday, following strong Wednesday gains and a 0.1% rise in UK GDP in November, despite a 0.3% fall in December retail sales and ended merger talks between Glencore and Rio Tinto; rising Eurozone inflation adds complexity.
Progress
24% Bias Score
Inflation Rise Pushes Mortgage Rates Higher
US inflation rose to 2.9% annually in December, exceeding forecasts and impacting borrowing costs, potentially affecting the Federal Reserve's approach to future rate cuts and further increasing mortgage rates which currently average 7.01% for a 30 year fixed rate mortgage.
Inflation Rise Pushes Mortgage Rates Higher
US inflation rose to 2.9% annually in December, exceeding forecasts and impacting borrowing costs, potentially affecting the Federal Reserve's approach to future rate cuts and further increasing mortgage rates which currently average 7.01% for a 30 year fixed rate mortgage.
Progress
40% Bias Score
Biden's Economic Legacy: Strong Growth Amidst Inflation and Inequality
President Biden leaves office with the U.S. economy showing strong growth and low unemployment, but facing high inflation and record wealth inequality, leaving behind a national debt of $36.2 trillion.
Biden's Economic Legacy: Strong Growth Amidst Inflation and Inequality
President Biden leaves office with the U.S. economy showing strong growth and low unemployment, but facing high inflation and record wealth inequality, leaving behind a national debt of $36.2 trillion.
Progress
36% Bias Score
China's Economic Growth Figures Under Scrutiny Amidst Weak Consumption and Population Decline
Despite China reporting economic growth, independent analyses show significantly lower figures; weak domestic consumption, despite government efforts, is coupled with a declining population resulting in a 1.4 million decrease in population in 2022.
China's Economic Growth Figures Under Scrutiny Amidst Weak Consumption and Population Decline
Despite China reporting economic growth, independent analyses show significantly lower figures; weak domestic consumption, despite government efforts, is coupled with a declining population resulting in a 1.4 million decrease in population in 2022.
Progress
36% Bias Score
Weak UK Retail Sales Fuel Expectations of BOE Rate Cuts
Weak UK retail sales in December (-0.3% MoM), defying forecasts, add to economic concerns, fueling market expectations of over 75 basis points in Bank of England interest rate cuts in 2025 and complicating Finance Minister Rachel Reeves's economic agenda amid high bond yields and inflation.
Weak UK Retail Sales Fuel Expectations of BOE Rate Cuts
Weak UK retail sales in December (-0.3% MoM), defying forecasts, add to economic concerns, fueling market expectations of over 75 basis points in Bank of England interest rate cuts in 2025 and complicating Finance Minister Rachel Reeves's economic agenda amid high bond yields and inflation.
Progress
52% Bias Score
Biden's Economic Policies: Positive Indicators Amidst Criticism
Despite record low unemployment and moderating inflation, President Biden's economic policies, including halting the Keystone pipeline, proposed tax increases on capital, and increased regulation, are criticized for potentially hindering long-term economic growth, according to New York Times economi...
Biden's Economic Policies: Positive Indicators Amidst Criticism
Despite record low unemployment and moderating inflation, President Biden's economic policies, including halting the Keystone pipeline, proposed tax increases on capital, and increased regulation, are criticized for potentially hindering long-term economic growth, according to New York Times economi...
Progress
60% Bias Score
IBEX 35 Rises 1.66% on Positive US Earnings and Easing Inflation
The IBEX 35 closed Friday up 0.64%, concluding the week with a 1.66% increase to 11,916.3 points—its highest close since December 10th—fueled by easing global inflation, positive US bank earnings, and strong performance in Spain's banking and SOCIMI sectors.
IBEX 35 Rises 1.66% on Positive US Earnings and Easing Inflation
The IBEX 35 closed Friday up 0.64%, concluding the week with a 1.66% increase to 11,916.3 points—its highest close since December 10th—fueled by easing global inflation, positive US bank earnings, and strong performance in Spain's banking and SOCIMI sectors.
Progress
36% Bias Score
Toyota Shares Drop After Subsidiary's \$1.6 Billion Emissions Fraud Settlement
Hino Motors, a Toyota subsidiary, pleaded guilty to emissions fraud, leading to a \$1.6 billion settlement and a 2.53% drop in Toyota's shares; the fraud involved years of fabricated emissions data.
Toyota Shares Drop After Subsidiary's \$1.6 Billion Emissions Fraud Settlement
Hino Motors, a Toyota subsidiary, pleaded guilty to emissions fraud, leading to a \$1.6 billion settlement and a 2.53% drop in Toyota's shares; the fraud involved years of fabricated emissions data.
Progress
12% Bias Score