Trump's Bitcoin Reserve Plan Sends Crypto Market Soaring Past \$3.8 Trillion
Bitcoin rallied to over \$107,000 after President-elect Trump reiterated plans for a US Bitcoin reserve, boosting investor confidence and driving the total cryptocurrency market value above \$3.8 trillion; MicroStrategy, the largest corporate Bitcoin holder, will join the Nasdaq-100.
Trump's Bitcoin Reserve Plan Sends Crypto Market Soaring Past \$3.8 Trillion
Bitcoin rallied to over \$107,000 after President-elect Trump reiterated plans for a US Bitcoin reserve, boosting investor confidence and driving the total cryptocurrency market value above \$3.8 trillion; MicroStrategy, the largest corporate Bitcoin holder, will join the Nasdaq-100.
Progress
56% Bias Score
US Markets Rise on Fed Rate Cut Anticipation
US stock markets saw gains led by technology, with the S&P 500 up 0.3%, Dow Jones up 0.2%, and Nasdaq up 0.5%; this is fueled by anticipation of a Fed interest rate cut on Wednesday and strong corporate earnings, while Asian and European markets showed slight declines.
US Markets Rise on Fed Rate Cut Anticipation
US stock markets saw gains led by technology, with the S&P 500 up 0.3%, Dow Jones up 0.2%, and Nasdaq up 0.5%; this is fueled by anticipation of a Fed interest rate cut on Wednesday and strong corporate earnings, while Asian and European markets showed slight declines.
Progress
36% Bias Score
Trump Tariffs Risk Triggering US Stagflation
President-elect Trump's planned tariffs on Mexican, Canadian, and Chinese imports risk triggering stagflation in the US, increasing inflation and potentially slowing economic growth, a scenario economists believe is more likely given the election results.
Trump Tariffs Risk Triggering US Stagflation
President-elect Trump's planned tariffs on Mexican, Canadian, and Chinese imports risk triggering stagflation in the US, increasing inflation and potentially slowing economic growth, a scenario economists believe is more likely given the election results.
Progress
44% Bias Score
S&P 500 Soars 28% in 2024: A Fundamental Recovery
The S&P 500's 28% year-to-date gain in 2024, exceeding expectations, stems from a fundamental recovery following 2022's selloff, driven by recession fears that did not materialize, and is less dependent on the technology sector's performance.
S&P 500 Soars 28% in 2024: A Fundamental Recovery
The S&P 500's 28% year-to-date gain in 2024, exceeding expectations, stems from a fundamental recovery following 2022's selloff, driven by recession fears that did not materialize, and is less dependent on the technology sector's performance.
Progress
40% Bias Score
US Retail Sales Rise 0.7% in November, Showing Mixed Consumer Spending
US retail sales increased by 0.7% in November, driven mainly by a 2.6% surge in auto sales, while sales at grocery stores and restaurants decreased, suggesting a mixed consumer spending pattern amidst rising interest rates and pre-holiday shopping.
US Retail Sales Rise 0.7% in November, Showing Mixed Consumer Spending
US retail sales increased by 0.7% in November, driven mainly by a 2.6% surge in auto sales, while sales at grocery stores and restaurants decreased, suggesting a mixed consumer spending pattern amidst rising interest rates and pre-holiday shopping.
Progress
44% Bias Score
Fed Signals Fewer Interest Rate Cuts Amid Persistent Inflation
The Federal Reserve is expected to reduce its benchmark interest rate by a quarter-point to 4.3% on Wednesday, signaling fewer rate cuts in 2025 than previously anticipated due to persistent inflation above the Fed's target and uncertainty surrounding President-elect Trump's economic policies.
Fed Signals Fewer Interest Rate Cuts Amid Persistent Inflation
The Federal Reserve is expected to reduce its benchmark interest rate by a quarter-point to 4.3% on Wednesday, signaling fewer rate cuts in 2025 than previously anticipated due to persistent inflation above the Fed's target and uncertainty surrounding President-elect Trump's economic policies.
Progress
40% Bias Score
SoftBank Commits $100 Billion to US Economy
SoftBank CEO Masayoshi Son announced a $100 billion investment in the US over four years alongside Donald Trump on Monday, aiming to create 100,000 jobs and reflecting increased confidence in the US economy following Trump's election.
SoftBank Commits $100 Billion to US Economy
SoftBank CEO Masayoshi Son announced a $100 billion investment in the US over four years alongside Donald Trump on Monday, aiming to create 100,000 jobs and reflecting increased confidence in the US economy following Trump's election.
Progress
60% Bias Score
SoftBank Pledges \$100 Billion U.S. Investment, Doubling Previous Commitment
SoftBank CEO Masayoshi Son pledged \$100 billion in U.S. investments over four years, creating at least 100,000 jobs, doubling his 2016 commitment during a meeting with President-elect Donald Trump at Mar-a-Lago on January 11, 2021.
SoftBank Pledges \$100 Billion U.S. Investment, Doubling Previous Commitment
SoftBank CEO Masayoshi Son pledged \$100 billion in U.S. investments over four years, creating at least 100,000 jobs, doubling his 2016 commitment during a meeting with President-elect Donald Trump at Mar-a-Lago on January 11, 2021.
Progress
56% Bias Score
Biden's Immigration Reform for High-Skilled Workers Stalls
The Biden administration's plan to expedite green cards for high-skilled workers by expanding Schedule A, a list of occupations exempt from lengthy labor certifications, has been abandoned by the Department of Labor, leaving the lengthy and costly current process unchanged and likely impacting the a...
Biden's Immigration Reform for High-Skilled Workers Stalls
The Biden administration's plan to expedite green cards for high-skilled workers by expanding Schedule A, a list of occupations exempt from lengthy labor certifications, has been abandoned by the Department of Labor, leaving the lengthy and costly current process unchanged and likely impacting the a...
Progress
40% Bias Score
U.S. EV Market Growth Stalls Amidst Consumer Dissatisfaction and Policy Uncertainty
Despite government incentives and predictions of a boom, U.S. EV market growth has stalled, with only 8% of households owning an EV and nearly half of owners expressing regret, due to range anxiety, charging issues, and reliability concerns, further complicated by potential policy shifts.
U.S. EV Market Growth Stalls Amidst Consumer Dissatisfaction and Policy Uncertainty
Despite government incentives and predictions of a boom, U.S. EV market growth has stalled, with only 8% of households owning an EV and nearly half of owners expressing regret, due to range anxiety, charging issues, and reliability concerns, further complicated by potential policy shifts.
Progress
56% Bias Score
Fed Signals Slower Pace of Interest Rate Cuts Amid Persistent Inflation
The Federal Reserve will likely lower its benchmark interest rate by 0.25 percentage points to approximately 4.3% on Wednesday, signaling a slower pace of future rate cuts due to persistent inflation above its target and a stronger-than-expected economy, despite having lowered the rate by a full poi...
Fed Signals Slower Pace of Interest Rate Cuts Amid Persistent Inflation
The Federal Reserve will likely lower its benchmark interest rate by 0.25 percentage points to approximately 4.3% on Wednesday, signaling a slower pace of future rate cuts due to persistent inflation above its target and a stronger-than-expected economy, despite having lowered the rate by a full poi...
Progress
48% Bias Score
Trump Businesses Hired Record Number of Foreign Workers in 2024
Despite campaigning on a promise to hire American workers, Donald Trump's businesses received government approval in 2024 to hire 209 foreign workers, nearly double the number a decade prior, for roles including cooks, housekeepers and waiters, primarily using the H-2B visa program.
Trump Businesses Hired Record Number of Foreign Workers in 2024
Despite campaigning on a promise to hire American workers, Donald Trump's businesses received government approval in 2024 to hire 209 foreign workers, nearly double the number a decade prior, for roles including cooks, housekeepers and waiters, primarily using the H-2B visa program.
Progress
52% Bias Score