US Household Debt Reaches \$17.94 Trillion: Strategies for Avoiding Further Debt
US household debt has hit \$17.94 trillion, prompting a need for effective debt management strategies including budgeting, emergency funds, and responsible credit card use to improve financial stability.
US Household Debt Reaches \$17.94 Trillion: Strategies for Avoiding Further Debt
US household debt has hit \$17.94 trillion, prompting a need for effective debt management strategies including budgeting, emergency funds, and responsible credit card use to improve financial stability.
Progress
24% Bias Score
30-Year Mortgage Rate Hits Highest Level Since Mid-July at 6.85%
The average U.S. 30-year mortgage rate rose to 6.85% this week, its highest level since mid-July, driven by increased bond yields and the Federal Reserve's revised rate cut forecast, impacting the already-sluggish housing market.
30-Year Mortgage Rate Hits Highest Level Since Mid-July at 6.85%
The average U.S. 30-year mortgage rate rose to 6.85% this week, its highest level since mid-July, driven by increased bond yields and the Federal Reserve's revised rate cut forecast, impacting the already-sluggish housing market.
Progress
48% Bias Score
US Consumer Confidence Falls Amid Tariff Concerns
US consumer confidence fell to 104.7 in December 2024 from 112.8 in November, below market expectations of 113.5, driven by concerns over President-elect Trump's planned tariffs and their potential impact on the cost of living, with 46 percent of consumers expecting higher prices.
US Consumer Confidence Falls Amid Tariff Concerns
US consumer confidence fell to 104.7 in December 2024 from 112.8 in November, below market expectations of 113.5, driven by concerns over President-elect Trump's planned tariffs and their potential impact on the cost of living, with 46 percent of consumers expecting higher prices.
Progress
40% Bias Score
Impending EV Tax Credit Elimination Creates Ideal Buying Opportunity
The potential elimination of a $7,500 federal tax credit for electric vehicles (EVs), possibly retroactive to January 1st, 2025, is driving current incentives and may reshape the US EV market. High inventories, attractive financing deals, and conflicting interests among automakers characterize this ...
Impending EV Tax Credit Elimination Creates Ideal Buying Opportunity
The potential elimination of a $7,500 federal tax credit for electric vehicles (EVs), possibly retroactive to January 1st, 2025, is driving current incentives and may reshape the US EV market. High inventories, attractive financing deals, and conflicting interests among automakers characterize this ...
Progress
40% Bias Score
Australian Market Set to Open Weaker Despite US Tech Rally
The Australian sharemarket is expected to open lower despite a US tech-led Wall Street rebound, with ASX 200 futures down 0.2 percent, following a strong Monday for the Australian market. Weaker US consumer confidence data and concerns about the economic outlook are contributing to market uncertaint...
Australian Market Set to Open Weaker Despite US Tech Rally
The Australian sharemarket is expected to open lower despite a US tech-led Wall Street rebound, with ASX 200 futures down 0.2 percent, following a strong Monday for the Australian market. Weaker US consumer confidence data and concerns about the economic outlook are contributing to market uncertaint...
Progress
36% Bias Score
Gold Prices Steady Amidst Economic Uncertainty
Spot gold rose 0.1% to $2,616.88 per ounce on Tuesday, driven by low liquidity and anticipation of the Fed's interest rate decisions and President-elect Trump's policies; gold had a stellar 2024, gaining 27%.
Gold Prices Steady Amidst Economic Uncertainty
Spot gold rose 0.1% to $2,616.88 per ounce on Tuesday, driven by low liquidity and anticipation of the Fed's interest rate decisions and President-elect Trump's policies; gold had a stellar 2024, gaining 27%.
Progress
40% Bias Score
U.S. Holiday Spending Surges Despite High Interest Rates
Mastercard SpendingPulse data reveals a 3.8% increase in U.S. retail sales from November 1st to December 24th, 2024, compared to the same period in 2023, exceeding expectations and driven by online shopping and a search for value.
U.S. Holiday Spending Surges Despite High Interest Rates
Mastercard SpendingPulse data reveals a 3.8% increase in U.S. retail sales from November 1st to December 24th, 2024, compared to the same period in 2023, exceeding expectations and driven by online shopping and a search for value.
Progress
40% Bias Score
U.S. Economic Resilience and 2025 Job Market Outlook
The U.S. economy exhibited resilience in 2024, with real GDP growth at approximately 3% in the last two quarters, wage growth outpacing inflation, and low unemployment; however, uncertainty remains regarding 2025 hiring demand.
U.S. Economic Resilience and 2025 Job Market Outlook
The U.S. economy exhibited resilience in 2024, with real GDP growth at approximately 3% in the last two quarters, wage growth outpacing inflation, and low unemployment; however, uncertainty remains regarding 2025 hiring demand.
Progress
24% Bias Score
Potential Elimination of $7,500 EV Tax Credit Creates Buying Opportunity
President-elect Trump's potential elimination of the $7,500 federal electric vehicle tax credit, possibly retroactive to January 1st, 2025, combined with high EV inventories and attractive automaker incentives, creates a favorable buying opportunity for consumers, but risks harming legacy automakers...
Potential Elimination of $7,500 EV Tax Credit Creates Buying Opportunity
President-elect Trump's potential elimination of the $7,500 federal electric vehicle tax credit, possibly retroactive to January 1st, 2025, combined with high EV inventories and attractive automaker incentives, creates a favorable buying opportunity for consumers, but risks harming legacy automakers...
Progress
40% Bias Score
Dollar Rises on Slower Fed Rate Cut Expectations
On Tuesday, the U.S. dollar rose 0.14% to 108.24 on the index due to market expectations of slower U.S. interest rate cuts compared to other global central banks, reflecting anticipated economic growth under President-elect Trump and less aggressive Fed rate cuts, with the 10-year Treasury yield hit...
Dollar Rises on Slower Fed Rate Cut Expectations
On Tuesday, the U.S. dollar rose 0.14% to 108.24 on the index due to market expectations of slower U.S. interest rate cuts compared to other global central banks, reflecting anticipated economic growth under President-elect Trump and less aggressive Fed rate cuts, with the 10-year Treasury yield hit...
Progress
36% Bias Score
Oil Prices Rise on Positive Short-Term Outlook
On Tuesday, oil prices rose, with Brent crude at $73.37 and WTI at $69.98 per barrel, due to a short-term positive market outlook, reduced holiday trading volume, supportive supply and demand changes, and China's planned fiscal stimulus.
Oil Prices Rise on Positive Short-Term Outlook
On Tuesday, oil prices rose, with Brent crude at $73.37 and WTI at $69.98 per barrel, due to a short-term positive market outlook, reduced holiday trading volume, supportive supply and demand changes, and China's planned fiscal stimulus.
Progress
32% Bias Score
Party City to Close All Stores After Inventory Devaluation Triggers Bankruptcy
Party City, the largest US party supply retailer, is closing all 850 stores after a significantly lowered inventory valuation by Hilco Global triggered creditor demands it could not meet, culminating in a second bankruptcy filing despite a previous restructuring.
Party City to Close All Stores After Inventory Devaluation Triggers Bankruptcy
Party City, the largest US party supply retailer, is closing all 850 stores after a significantly lowered inventory valuation by Hilco Global triggered creditor demands it could not meet, culminating in a second bankruptcy filing despite a previous restructuring.
Progress
48% Bias Score