US EV Sales Hit Record 20% in 2024, Facing Uncertain Future
In 2024, US sales of electric and hybrid vehicles reached 20% of the market (3.2 million units), with Tesla holding a 49% EV market share despite a decrease from the previous year; however, the incoming Trump administration may impact future sales due to potential changes to EV subsidies.
US EV Sales Hit Record 20% in 2024, Facing Uncertain Future
In 2024, US sales of electric and hybrid vehicles reached 20% of the market (3.2 million units), with Tesla holding a 49% EV market share despite a decrease from the previous year; however, the incoming Trump administration may impact future sales due to potential changes to EV subsidies.
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28% Bias Score
High US Credit Card Debt Spurs Debt Consolidation Strategies
Soaring US credit card debt, averaging nearly \$8,000 per cardholder, is fueled by high interest rates (23% average, over 30% for retail cards) and persistent inflation, leading to debt consolidation as a common solution among consumers.
High US Credit Card Debt Spurs Debt Consolidation Strategies
Soaring US credit card debt, averaging nearly \$8,000 per cardholder, is fueled by high interest rates (23% average, over 30% for retail cards) and persistent inflation, leading to debt consolidation as a common solution among consumers.
Progress
48% Bias Score
Avian Influenza Devastates US Egg Market, Causing Shortages and Price Spikes
Avian influenza killed 17.2 million egg-laying hens in late 2024, causing widespread egg shortages and price increases (up to $4.33 per dozen) across the US, with recovery expected in six to nine months due to the time needed to replace flocks and the continued spread of the virus exacerbated by ext...
Avian Influenza Devastates US Egg Market, Causing Shortages and Price Spikes
Avian influenza killed 17.2 million egg-laying hens in late 2024, causing widespread egg shortages and price increases (up to $4.33 per dozen) across the US, with recovery expected in six to nine months due to the time needed to replace flocks and the continued spread of the virus exacerbated by ext...
Progress
24% Bias Score
Muted Futures Await Key Economic Data and Bank Earnings
Wednesday's muted U.S. futures market awaits key bank earnings and the December CPI report, expected to rise 2.9%, potentially influencing the Federal Reserve's rate-cutting trajectory; the S&P 500 Banks Index is up 3% in January.
Muted Futures Await Key Economic Data and Bank Earnings
Wednesday's muted U.S. futures market awaits key bank earnings and the December CPI report, expected to rise 2.9%, potentially influencing the Federal Reserve's rate-cutting trajectory; the S&P 500 Banks Index is up 3% in January.
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32% Bias Score
CHIPS Act: High Costs Raise Doubts About Semiconductor Production Boost
The $280 billion CHIPS and Science Act, designed to boost U.S. semiconductor production, is projected to create 93,000 construction jobs and 43,000 permanent jobs, but at a cost of roughly $185,000 per job, raising concerns about economic efficiency and the potential impact of the incoming Trump adm...
CHIPS Act: High Costs Raise Doubts About Semiconductor Production Boost
The $280 billion CHIPS and Science Act, designed to boost U.S. semiconductor production, is projected to create 93,000 construction jobs and 43,000 permanent jobs, but at a cost of roughly $185,000 per job, raising concerns about economic efficiency and the potential impact of the incoming Trump adm...
Progress
48% Bias Score
575 Brand-Name Drug Prices Increase in Early 2025
On January 1st and 2nd, 2025, 575 brand-name drugs increased in price, including Ozempic and Paxlovid; the median increase was 4%, exceeding inflation and potentially impacting consumer costs depending on insurance coverage and formulary placement.
575 Brand-Name Drug Prices Increase in Early 2025
On January 1st and 2nd, 2025, 575 brand-name drugs increased in price, including Ozempic and Paxlovid; the median increase was 4%, exceeding inflation and potentially impacting consumer costs depending on insurance coverage and formulary placement.
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36% Bias Score
US Year-End Bonuses Up 2% in 2024
Year-end bonuses for employees in US small- to medium-sized businesses averaged \$2,503 in December 2024, a 2% increase from 2023, reflecting a strong economy but with variations across sectors.
US Year-End Bonuses Up 2% in 2024
Year-end bonuses for employees in US small- to medium-sized businesses averaged \$2,503 in December 2024, a 2% increase from 2023, reflecting a strong economy but with variations across sectors.
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44% Bias Score
Dollar Rally Pauses Ahead of U.S. Inflation Report
The U.S. dollar's rally paused on Wednesday ahead of a closely watched U.S. inflation report, with the euro and British pound also fluctuating due to economic concerns; the dollar was last at 109.23 against a basket of currencies, down from Monday's peak of 110.17.
Dollar Rally Pauses Ahead of U.S. Inflation Report
The U.S. dollar's rally paused on Wednesday ahead of a closely watched U.S. inflation report, with the euro and British pound also fluctuating due to economic concerns; the dollar was last at 109.23 against a basket of currencies, down from Monday's peak of 110.17.
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36% Bias Score
JPMorgan Chase Q4 Earnings Expected to Exceed Expectations
JPMorgan Chase is expected to report strong fourth-quarter earnings on Wednesday, exceeding expectations with $4.11 per share and $41.7 billion in revenue, driven by increased Wall Street activity, resilient consumer spending, and anticipated regulatory relief under the Trump administration.
JPMorgan Chase Q4 Earnings Expected to Exceed Expectations
JPMorgan Chase is expected to report strong fourth-quarter earnings on Wednesday, exceeding expectations with $4.11 per share and $41.7 billion in revenue, driven by increased Wall Street activity, resilient consumer spending, and anticipated regulatory relief under the Trump administration.
Progress
48% Bias Score
December CPI Inflation Accelerates to 2.9%, Fed Rate Cut Still Unlikely in January or March
The December 2024 CPI report showed year-on-year total CPI inflation accelerating to 2.9%, the highest since July 2024, while core CPI decelerated slightly to 3.2%; despite this, financial markets predict no Fed interest rate changes in January or March, but a rate cut in May or June 2025 is possibl...
December CPI Inflation Accelerates to 2.9%, Fed Rate Cut Still Unlikely in January or March
The December 2024 CPI report showed year-on-year total CPI inflation accelerating to 2.9%, the highest since July 2024, while core CPI decelerated slightly to 3.2%; despite this, financial markets predict no Fed interest rate changes in January or March, but a rate cut in May or June 2025 is possibl...
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36% Bias Score
JPMorgan's Record Q4 Earnings Amidst Geopolitical Uncertainty
JPMorgan Chase reported a 50% surge in fourth-quarter net income to over \$14 billion, exceeding expectations, while Wells Fargo also saw a nearly 50% jump in net income; both banks' strong performance reflects a robust banking sector despite global uncertainty.
JPMorgan's Record Q4 Earnings Amidst Geopolitical Uncertainty
JPMorgan Chase reported a 50% surge in fourth-quarter net income to over \$14 billion, exceeding expectations, while Wells Fargo also saw a nearly 50% jump in net income; both banks' strong performance reflects a robust banking sector despite global uncertainty.
Progress
48% Bias Score
Joann Fabrics Files for Second Bankruptcy, Faces Closure
Joann Fabrics, an 80-year-old craft and fabric retailer, filed for Chapter 11 bankruptcy for the second time in two years on Wednesday, facing potential liquidation due to its failure to close unprofitable stores after its initial bankruptcy in March 2023, despite $615.7 million in debt and $133 mil...
Joann Fabrics Files for Second Bankruptcy, Faces Closure
Joann Fabrics, an 80-year-old craft and fabric retailer, filed for Chapter 11 bankruptcy for the second time in two years on Wednesday, facing potential liquidation due to its failure to close unprofitable stores after its initial bankruptcy in March 2023, despite $615.7 million in debt and $133 mil...
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52% Bias Score