California Minimum Wage Increases to $16.50 in 2025
California's minimum wage will rise to $16.50 per hour on January 1, 2025, due to inflation-linked adjustments and state law, despite the defeat of Proposition 32, which would have increased it to $18 per hour. Many cities and counties have implemented even higher rates, creating a complex system fo...
California Minimum Wage Increases to $16.50 in 2025
California's minimum wage will rise to $16.50 per hour on January 1, 2025, due to inflation-linked adjustments and state law, despite the defeat of Proposition 32, which would have increased it to $18 per hour. Many cities and counties have implemented even higher rates, creating a complex system fo...
Progress
12% Bias Score
Global Markets Mixed Amid US Data, Political Crises
Global markets saw mixed performance due to positive US economic data signaling a potential 'soft landing', but political crises in South Korea and France caused volatility; next week, focus shifts to US inflation and the ECB's interest rate decision.
Global Markets Mixed Amid US Data, Political Crises
Global markets saw mixed performance due to positive US economic data signaling a potential 'soft landing', but political crises in South Korea and France caused volatility; next week, focus shifts to US inflation and the ECB's interest rate decision.
Progress
24% Bias Score
2025 Social Security COLA Set at 2.5%, Impacting Retiree Budgets
The Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025, significantly lower than the 8.7% increase in 2022, impacting millions of retirees and potentially increasing taxes on benefits for some.
2025 Social Security COLA Set at 2.5%, Impacting Retiree Budgets
The Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025, significantly lower than the 8.7% increase in 2022, impacting millions of retirees and potentially increasing taxes on benefits for some.
Progress
52% Bias Score
Bond Vigilantes' Potential Resurgence
Ed Yardeni coined the term "bond vigilantes" to describe large investors who influence government policy by strategically buying and selling bonds, impacting interest rates; their potential resurgence is linked to concerns about increased government borrowing under the new administration.
Bond Vigilantes' Potential Resurgence
Ed Yardeni coined the term "bond vigilantes" to describe large investors who influence government policy by strategically buying and selling bonds, impacting interest rates; their potential resurgence is linked to concerns about increased government borrowing under the new administration.
Progress
40% Bias Score
2.5% Social Security COLA Increase for 2025
The Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025, increasing benefits for millions starting in January 2025, impacting retirees, disabled individuals, and surviving spouses; tax rates remain unchanged.
2.5% Social Security COLA Increase for 2025
The Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025, increasing benefits for millions starting in January 2025, impacting retirees, disabled individuals, and surviving spouses; tax rates remain unchanged.
Progress
4% Bias Score
November Jobs Report to Shape Federal Reserve's Interest Rate Decision
The November jobs report, expected to show a 214,000 increase in nonfarm payrolls, is crucial for the Federal Reserve's December policy meeting; October's unusually low 12,000 gain was heavily impacted by Hurricane Milton and the Boeing strike.
November Jobs Report to Shape Federal Reserve's Interest Rate Decision
The November jobs report, expected to show a 214,000 increase in nonfarm payrolls, is crucial for the Federal Reserve's December policy meeting; October's unusually low 12,000 gain was heavily impacted by Hurricane Milton and the Boeing strike.
Progress
40% Bias Score
TÜRK-İŞ Rejects MÜSİAD's Minimum Wage Proposal as Insufficient
TÜRK-İŞ head Ergün Atalay rejected MÜSİAD's minimum wage suggestion as inadequate, demanding a livable wage considering inflation and the needs of 9 million workers, including retirees, emphasizing the current wage's insufficiency.
TÜRK-İŞ Rejects MÜSİAD's Minimum Wage Proposal as Insufficient
TÜRK-İŞ head Ergün Atalay rejected MÜSİAD's minimum wage suggestion as inadequate, demanding a livable wage considering inflation and the needs of 9 million workers, including retirees, emphasizing the current wage's insufficiency.
Progress
40% Bias Score
Turkish Unions Demand Significant Minimum Wage Hike
Turkey's three major labor unions, TÜRK-İŞ, HAK-İŞ, and DİSK, issued a joint statement on December 2024, demanding a significant minimum wage increase before the Asgari Ücret Tespit Komisyonu's December 10th meeting, emphasizing the need for a living wage that respects human dignity and addresses th...
Turkish Unions Demand Significant Minimum Wage Hike
Turkey's three major labor unions, TÜRK-İŞ, HAK-İŞ, and DİSK, issued a joint statement on December 2024, demanding a significant minimum wage increase before the Asgari Ücret Tespit Komisyonu's December 10th meeting, emphasizing the need for a living wage that respects human dignity and addresses th...
Progress
36% Bias Score
Walmart CEO Warns of Persistent High Grocery Prices in 2025
Walmart CEO Doug McMillon announced that grocery prices will remain high in 2025 due to persistent inflation, particularly in eggs and dairy, despite a recent slowdown in price increases; proposed tariffs could further elevate costs.
Walmart CEO Warns of Persistent High Grocery Prices in 2025
Walmart CEO Doug McMillon announced that grocery prices will remain high in 2025 due to persistent inflation, particularly in eggs and dairy, despite a recent slowdown in price increases; proposed tariffs could further elevate costs.
Progress
64% Bias Score
U.S. Job Growth Rebounds in November, Exceeding Expectations
The U.S. added 227,000 jobs in November 2024, exceeding expectations after a weak October and suggesting continued job market strength despite a slightly increased unemployment rate of 4.2% and strong wage growth of 4% year-over-year.
U.S. Job Growth Rebounds in November, Exceeding Expectations
The U.S. added 227,000 jobs in November 2024, exceeding expectations after a weak October and suggesting continued job market strength despite a slightly increased unemployment rate of 4.2% and strong wage growth of 4% year-over-year.
Progress
44% Bias Score
Egg Prices Soar 60% Amidst Avian Influenza Outbreak
Egg prices have increased by 60% year-over-year due to a highly pathogenic avian influenza outbreak affecting 8% of the U.S. egg-laying flock, causing reduced supply and higher demand during the peak holiday baking season.
Egg Prices Soar 60% Amidst Avian Influenza Outbreak
Egg prices have increased by 60% year-over-year due to a highly pathogenic avian influenza outbreak affecting 8% of the U.S. egg-laying flock, causing reduced supply and higher demand during the peak holiday baking season.
Progress
36% Bias Score
U.S. Job Growth Rebounds in November
U.S. November hiring is projected to rebound to approximately 208,000 jobs, a stark contrast to October's record low of 12,000 jobs, primarily due to the end of hurricanes and strikes; the unemployment rate is expected to hold steady at 4.1%.
U.S. Job Growth Rebounds in November
U.S. November hiring is projected to rebound to approximately 208,000 jobs, a stark contrast to October's record low of 12,000 jobs, primarily due to the end of hurricanes and strikes; the unemployment rate is expected to hold steady at 4.1%.
Progress
32% Bias Score