Tag #Us Economy

foxnews.com
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US College Closures Surge Amidst Enrollment Crisis

A confluence of factors, including rising tuition costs, declining birth rates, shifting career preferences, and increased competition, is causing a rapid closure of colleges in the United States, with a projected wave of closures starting in 2025.

Progress

52% Bias Score

Quality Education
forbes.com
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Venture Global LNG Starts Operations, Underscoring US LNG's Growing Global Role

Venture Global LNG's new Louisiana plant shipped its first LNG cargo to Germany on December 26, marking the start of what could be the US's largest LNG export facility; this follows a DOE study warning of higher emissions and prices, countered by an S&P Global study highlighting significant economic...

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48% Bias Score

Climate Action
cnbc.com
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High Mortgage Rates Fail to Curb US Home Price Increases

Despite 6-7% 30-year fixed mortgage rates, US home prices rose 5.8% through November 2024 in 50 major cities; Anaheim, CA, saw the highest increase (12.5%), driven by limited supply and proximity to Los Angeles, while San Antonio and Austin remained flat.

Progress

48% Bias Score

Reduced Inequality
cnbc.com
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Record US Holiday Spending Amidst Rising Consumer Debt

US holiday spending is projected to reach a record $979.5 billion to $989 billion despite record-high credit card debt, with 36% of consumers incurring an average of $1,181 in debt this season, driven by high prices and inflation.

Progress

40% Bias Score

Reduced Inequality
cnbc.com
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Holiday Debt Rises Despite Decrease from 2022

A LendingTree survey reveals that 36% of American consumers incurred holiday debt averaging \$1,181 this season, exceeding 2023 but below 2022 levels; higher inflation and unexpected debt impacted consumers, particularly parents, millennials, and those earning \$30,000-\$49,999.

Progress

32% Bias Score

Reduced Inequality
europe.chinadaily.com.cn
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Trump's Tariffs Threaten US Economy, Port of Los Angeles

President-elect Trump's proposed tariffs on Chinese goods are causing concern among business leaders and trade experts due to potential negative impacts on the US economy, particularly affecting the Port of Los Angeles, which handles \$400 billion in goods annually and supports nearly 3.1 million jo...

Progress

48% Bias Score

Decent Work and Economic Growth
kathimerini.gr
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US Productivity Surge Fuels Economic Growth Amidst Cooling Job Market

US productivity is surging, at least 2% quarterly growth this year, fueling strong economic growth despite easing inflation and a cooling job market; this contrasts with slower growth in Europe and Canada, partially attributed to pandemic-era government support and resulting business adaptations.

Progress

36% Bias Score

Decent Work and Economic Growth
npr.org
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Record High Homelessness in US: 770,000 Experiencing Homelessness in January 2024

The Department of Housing and Urban Development's annual report reveals a record 770,000 people experiencing homelessness in January 2024, up 18% from the previous year due to factors including the end of pandemic aid, increased housing costs, and a rise in asylum seekers.

Progress

52% Bias Score

No Poverty
cnn.com
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US Homelessness Soars to Record High of Over 770,000 in 2024

The number of homeless people in the US soared to a record high of over 770,000 in 2024, an 18% increase from 2023, driven by factors including a lack of affordable housing, increased migration, and natural disasters, according to a HUD report.

Progress

28% Bias Score

No Poverty
nbcnews.com
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U.S. Home Prices Climb Despite High Mortgage Rates

Despite high mortgage rates, median home prices rose 5.8% in the 50 largest U.S. cities through November 2024, with Anaheim, California, leading at 12.5%, driven by limited housing supply and proximity to Los Angeles; similar trends occurred near New York City and in other areas.

Progress

36% Bias Score

Reduced Inequality
theglobeandmail.com
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Five TFSA Investment Strategies for 2025

Five TFSA investment strategies for 2025 are presented, ranging from all-equity ETFs (high risk/return) to low-volatility ETFs, one-year GICs (low risk/return), utility stocks (moderate risk/return), and US dollar investments (currency risk).

Progress

36% Bias Score

Decent Work and Economic Growth
abcnews.go.com
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S&P 500 Soars 24.3% in 2024 Amidst Record High Office Vacancies

The S&P 500 index reached record highs in 2024, rising 24.3% due to Federal Reserve interest rate cuts and investor optimism following Donald Trump's election; however, high office vacancy rates signal potential economic shifts.

Progress

40% Bias Score

Reduced Inequality