UK Business Confidence Collapses After Reeves' Tax Hikes
Rachel Reeves' October Budget tax increases caused UK business optimism to plummet to a two-year low in November, triggering decreased hiring and economic output shrinkage, as reported by BDO and the REC.
UK Business Confidence Collapses After Reeves' Tax Hikes
Rachel Reeves' October Budget tax increases caused UK business optimism to plummet to a two-year low in November, triggering decreased hiring and economic output shrinkage, as reported by BDO and the REC.
Progress
72% Bias Score
Post-Election Consumer Confidence: A Stark Partisan Divide
Following the US presidential election, consumer confidence among Republicans spiked to a high not seen since November 2020, while Democrats experienced a significant drop to levels last seen in the summer of 2022, reflecting contrasting views on the incoming administration's economic policies and t...
Post-Election Consumer Confidence: A Stark Partisan Divide
Following the US presidential election, consumer confidence among Republicans spiked to a high not seen since November 2020, while Democrats experienced a significant drop to levels last seen in the summer of 2022, reflecting contrasting views on the incoming administration's economic policies and t...
Progress
56% Bias Score
Asian Markets Mixed After US Records, South Korea Tense
Asian markets saw mixed results Monday, with South Korea's Kospi down 2.3% after US stocks hit records Friday on a strong jobs report; South Korean President Yoon Suk Yeol faces uncertainty amid a reported police travel ban.
Asian Markets Mixed After US Records, South Korea Tense
Asian markets saw mixed results Monday, with South Korea's Kospi down 2.3% after US stocks hit records Friday on a strong jobs report; South Korean President Yoon Suk Yeol faces uncertainty amid a reported police travel ban.
Progress
40% Bias Score
Mexican Inflation Moderates to 4.55% in November 2024
Mexico's annual inflation rate fell to 4.55% in November 2024, its lowest level since March 2024, driven by a significant drop in the monthly rate and lower-than-expected core inflation; however, some food and energy prices remain significantly elevated.
Mexican Inflation Moderates to 4.55% in November 2024
Mexico's annual inflation rate fell to 4.55% in November 2024, its lowest level since March 2024, driven by a significant drop in the monthly rate and lower-than-expected core inflation; however, some food and energy prices remain significantly elevated.
Progress
24% Bias Score
Counterfeit US Dollars Disrupt Turkish Economy Amidst High Inflation
High-quality counterfeit US$100 and $50 bills have circulated in Turkey for at least six weeks, impacting businesses and citizens amid 47% inflation and a monthly USD turnover of approximately $4 billion, prompting a government investigation and arrests.
Counterfeit US Dollars Disrupt Turkish Economy Amidst High Inflation
High-quality counterfeit US$100 and $50 bills have circulated in Turkey for at least six weeks, impacting businesses and citizens amid 47% inflation and a monthly USD turnover of approximately $4 billion, prompting a government investigation and arrests.
Progress
24% Bias Score
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 Steady Despite Geopolitical Tumult
Global markets remained stable despite geopolitical risks, with oil prices rising and the dollar strengthening ahead of anticipated U.S. rate cuts, driven by robust jobs data and central bank policy expectations.
Global Markets Steady Despite Geopolitical Tumult
Global markets remained stable despite geopolitical risks, with oil prices rising and the dollar strengthening ahead of anticipated U.S. rate cuts, driven by robust jobs data and central bank policy expectations.
Progress
44% Bias Score
Nvidia's Stock Drop Weighs on US Markets Amidst Chinese Investigation
Nvidia's stock dropped 2.9 percent, pulling down US indexes from record highs following a Chinese anti-monopoly investigation; however, positive economic news from China and other market events created a mixed picture.
Nvidia's Stock Drop Weighs on US Markets Amidst Chinese Investigation
Nvidia's stock dropped 2.9 percent, pulling down US indexes from record highs following a Chinese anti-monopoly investigation; however, positive economic news from China and other market events created a mixed picture.
Progress
36% Bias Score
UK Job Vacancies Plunge Amidst Autumn Budget Fallout
UK job vacancies plummeted in November 2023, falling to a 43.9 index reading (below 50 signals contraction) due to the Autumn Budget's increase in the National Minimum Wage and employer National Insurance contributions, impacting hiring decisions across various sectors.
UK Job Vacancies Plunge Amidst Autumn Budget Fallout
UK job vacancies plummeted in November 2023, falling to a 43.9 index reading (below 50 signals contraction) due to the Autumn Budget's increase in the National Minimum Wage and employer National Insurance contributions, impacting hiring decisions across various sectors.
Progress
56% Bias Score
Home Equity Loans: Credit Score Takes Precedence Over Fed Meeting Timing
The Federal Reserve's expected December interest rate cut may not drastically change home equity loan rates, as lenders often adjust offers preemptively; borrowers should prioritize improving their credit scores before applying.
Home Equity Loans: Credit Score Takes Precedence Over Fed Meeting Timing
The Federal Reserve's expected December interest rate cut may not drastically change home equity loan rates, as lenders often adjust offers preemptively; borrowers should prioritize improving their credit scores before applying.
Progress
48% Bias Score
Russia's War Economy: Sanctions, Inflation, and a Ruble in Crisis
Russia's economy is severely impacted by the war in Ukraine and Western sanctions, showing a devalued ruble, reduced oil and gas revenues, high military spending (29% of the budget), and high inflation (projected at 26%), despite a 21% interest rate.
Russia's War Economy: Sanctions, Inflation, and a Ruble in Crisis
Russia's economy is severely impacted by the war in Ukraine and Western sanctions, showing a devalued ruble, reduced oil and gas revenues, high military spending (29% of the budget), and high inflation (projected at 26%), despite a 21% interest rate.
Progress
32% 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