Biden's Economic Legacy: Strong Growth Amidst Inflation and Inequality
President Biden leaves office with the U.S. economy showing strong growth and low unemployment, but facing high inflation and record wealth inequality, leaving behind a national debt of $36.2 trillion.
Biden's Economic Legacy: Strong Growth Amidst Inflation and Inequality
President Biden leaves office with the U.S. economy showing strong growth and low unemployment, but facing high inflation and record wealth inequality, leaving behind a national debt of $36.2 trillion.
Progress
36% Bias Score
Biden's Economic Policies: Positive Indicators Amidst Criticism
Despite record low unemployment and moderating inflation, President Biden's economic policies, including halting the Keystone pipeline, proposed tax increases on capital, and increased regulation, are criticized for potentially hindering long-term economic growth, according to New York Times economi...
Biden's Economic Policies: Positive Indicators Amidst Criticism
Despite record low unemployment and moderating inflation, President Biden's economic policies, including halting the Keystone pipeline, proposed tax increases on capital, and increased regulation, are criticized for potentially hindering long-term economic growth, according to New York Times economi...
Progress
60% 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.
Progress
44% 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
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.
Progress
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
IBEX 35 Rises 1.66% on Positive US Earnings and Easing Inflation
The IBEX 35 closed Friday up 0.64%, concluding the week with a 1.66% increase to 11,916.3 points—its highest close since December 10th—fueled by easing global inflation, positive US bank earnings, and strong performance in Spain's banking and SOCIMI sectors.
IBEX 35 Rises 1.66% on Positive US Earnings and Easing Inflation
The IBEX 35 closed Friday up 0.64%, concluding the week with a 1.66% increase to 11,916.3 points—its highest close since December 10th—fueled by easing global inflation, positive US bank earnings, and strong performance in Spain's banking and SOCIMI sectors.
Progress
36% Bias Score
Rising Treasury Yields Shake Stock Market Despite Fed Rate Cuts
The 10-year Treasury yield hit 4.80%, its highest since 2023, causing stock market declines despite the Federal Reserve cutting interest rates three times since September due to investor concerns about future inflation and economic strength.
Rising Treasury Yields Shake Stock Market Despite Fed Rate Cuts
The 10-year Treasury yield hit 4.80%, its highest since 2023, causing stock market declines despite the Federal Reserve cutting interest rates three times since September due to investor concerns about future inflation and economic strength.
Progress
36% Bias Score
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.
Progress
28% Bias Score
Fed Slows Rate Cuts Amid Inflation, Strong Labor Market
The Federal Reserve cut interest rates three times near the end of 2024, reducing the federal funds rate by one percentage point. In 2025, further rate cuts are expected, though at a slower pace than previously anticipated due to ongoing inflation and a strong labor market; experts predict credit ca...
Fed Slows Rate Cuts Amid Inflation, Strong Labor Market
The Federal Reserve cut interest rates three times near the end of 2024, reducing the federal funds rate by one percentage point. In 2025, further rate cuts are expected, though at a slower pace than previously anticipated due to ongoing inflation and a strong labor market; experts predict credit ca...
Progress
28% 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...
Progress
36% 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