Starbucks Baristas to Strike Nationwide
On Friday, over 10,000 Starbucks union baristas will strike in Los Angeles, Chicago, and Seattle, with potential expansion to hundreds of stores nationwide by Christmas Eve unless a collective bargaining agreement is reached with Workers United, impacting holiday sales.
Starbucks Baristas to Strike Nationwide
On Friday, over 10,000 Starbucks union baristas will strike in Los Angeles, Chicago, and Seattle, with potential expansion to hundreds of stores nationwide by Christmas Eve unless a collective bargaining agreement is reached with Workers United, impacting holiday sales.
Progress
40% Bias Score
Fed Slows Interest Rate Cuts, Dampening Market Optimism
Jerome Powell announced a slower-than-expected pace of interest rate cuts due to a strong US economy and persistent inflation, causing a market downturn despite positive long-term stock market predictions; the euro also weakened against the dollar.
Fed Slows Interest Rate Cuts, Dampening Market Optimism
Jerome Powell announced a slower-than-expected pace of interest rate cuts due to a strong US economy and persistent inflation, causing a market downturn despite positive long-term stock market predictions; the euro also weakened against the dollar.
Progress
36% Bias Score
Market Volatility Amid Inflation Fears, Shutdown Looms, and Amazon Strike
Friday's stock market futures fell due to inflation concerns and a failed House Republican funding bill that risks a government shutdown; Amazon workers went on strike, while Nike reported lower revenue.
Market Volatility Amid Inflation Fears, Shutdown Looms, and Amazon Strike
Friday's stock market futures fell due to inflation concerns and a failed House Republican funding bill that risks a government shutdown; Amazon workers went on strike, while Nike reported lower revenue.
Progress
40% Bias Score
Robust U.S. Consumer Spending Prompts Fed to Revise Interest Rate Projections
U.S. consumer spending rose 0.4% in November, exceeding expectations and driven by increased purchases of vehicles and various services; inflation remained moderate, prompting the Federal Reserve to project fewer interest rate cuts in 2025.
Robust U.S. Consumer Spending Prompts Fed to Revise Interest Rate Projections
U.S. consumer spending rose 0.4% in November, exceeding expectations and driven by increased purchases of vehicles and various services; inflation remained moderate, prompting the Federal Reserve to project fewer interest rate cuts in 2025.
Progress
36% Bias Score
U.S. Stocks Mixed Amid Conflicting Economic Data
U.S. stocks closed mixed on Thursday, with the Dow eking out a small gain while the S&P 500 and Nasdaq fell slightly, reflecting conflicting economic data and the Federal Reserve's less dovish stance; the 10-year Treasury yield climbed above 4.5 percent.
U.S. Stocks Mixed Amid Conflicting Economic Data
U.S. stocks closed mixed on Thursday, with the Dow eking out a small gain while the S&P 500 and Nasdaq fell slightly, reflecting conflicting economic data and the Federal Reserve's less dovish stance; the 10-year Treasury yield climbed above 4.5 percent.
Progress
36% Bias Score
Fed Cuts Rates, Signals Pause Amid Inflation Concerns
The Federal Reserve cut interest rates to a range of 4.25-4.5 percent on Wednesday, but signaled a likely pause to further reductions due to persistent inflation and low unemployment, projecting only two more quarter-point cuts by the end of 2025.
Fed Cuts Rates, Signals Pause Amid Inflation Concerns
The Federal Reserve cut interest rates to a range of 4.25-4.5 percent on Wednesday, but signaled a likely pause to further reductions due to persistent inflation and low unemployment, projecting only two more quarter-point cuts by the end of 2025.
Progress
36% Bias Score
Fed Cuts Rates, but Market Reacts Negatively to Revised Outlook
The Federal Reserve lowered interest rates by 0.25 percentage points to 4.25-4.5 percent on Wednesday, but markets reacted negatively due to a revised outlook on future cuts; the Nasdaq-100 fell 3.6 percent, Tesla dropped 8 percent, and the Dow Jones lost 2.6 percent, while the dollar strengthened a...
Fed Cuts Rates, but Market Reacts Negatively to Revised Outlook
The Federal Reserve lowered interest rates by 0.25 percentage points to 4.25-4.5 percent on Wednesday, but markets reacted negatively due to a revised outlook on future cuts; the Nasdaq-100 fell 3.6 percent, Tesla dropped 8 percent, and the Dow Jones lost 2.6 percent, while the dollar strengthened a...
Progress
48% Bias Score
Trump's Tariff Shift: A Break from Republican Free Trade Orthodoxy
President-elect Donald Trump's advocacy for tariffs, ranging from 20% to 60% on goods from various countries, signifies a stark departure from the Republican Party's historical pro-free trade stance, potentially impacting consumer prices and international trade relations.
Trump's Tariff Shift: A Break from Republican Free Trade Orthodoxy
President-elect Donald Trump's advocacy for tariffs, ranging from 20% to 60% on goods from various countries, signifies a stark departure from the Republican Party's historical pro-free trade stance, potentially impacting consumer prices and international trade relations.
Progress
40% Bias Score
US Inflation Slows, but Fed Remains Cautious Amidst Economic Uncertainty
The November PCE price index rose 2.4% year-over-year and 0.1% month-over-month, lower than economists' projections, indicating a slower inflation pace despite uncertainty around future economic policies and global events.
US Inflation Slows, but Fed Remains Cautious Amidst Economic Uncertainty
The November PCE price index rose 2.4% year-over-year and 0.1% month-over-month, lower than economists' projections, indicating a slower inflation pace despite uncertainty around future economic policies and global events.
Progress
32% Bias Score
US Stock Futures Steady Ahead of Key Inflation Data
US stock futures were mostly unchanged Thursday evening, awaiting Friday's release of the key PCE inflation data, expected to show a rise above the Fed's 2% target; however, FedEx and Nike surged after reporting strong quarterly earnings.
US Stock Futures Steady Ahead of Key Inflation Data
US stock futures were mostly unchanged Thursday evening, awaiting Friday's release of the key PCE inflation data, expected to show a rise above the Fed's 2% target; however, FedEx and Nike surged after reporting strong quarterly earnings.
Progress
32% Bias Score
U.S. Steel Stock Plunges on Lowered Guidance
U.S. Steel's stock fell 4% in after-hours trading after the company lowered its fourth-quarter guidance due to low steel prices and high costs, adding to its 35% decline in 2024 and raising concerns about a proposed buyout from Nippon Steel; Nike's stock was initially up 9% after hours but fell back...
U.S. Steel Stock Plunges on Lowered Guidance
U.S. Steel's stock fell 4% in after-hours trading after the company lowered its fourth-quarter guidance due to low steel prices and high costs, adding to its 35% decline in 2024 and raising concerns about a proposed buyout from Nippon Steel; Nike's stock was initially up 9% after hours but fell back...
Progress
24% Bias Score
Fed Cuts Rates Again, but Inflation Remains a Concern
The Federal Reserve cut interest rates by 0.25 percent on Wednesday, its third cut since September, aiming to ease economic pressure while preserving the job market; however, inflation remains stubbornly above the central bank's 2% target and isn't expected to reach it until 2027.
Fed Cuts Rates Again, but Inflation Remains a Concern
The Federal Reserve cut interest rates by 0.25 percent on Wednesday, its third cut since September, aiming to ease economic pressure while preserving the job market; however, inflation remains stubbornly above the central bank's 2% target and isn't expected to reach it until 2027.
Progress
44% Bias Score