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
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
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.
Progress
36% Bias Score
Musk's Engineer Shortage Claim: Data, H-1B Debate, and Future Policy
Elon Musk's recent claim of a U.S. shortage of top engineers, countered by data showing record STEM degrees and projected job growth, highlights the debate surrounding the H-1B visa program's impact on American workers and its role in tech innovation.
Musk's Engineer Shortage Claim: Data, H-1B Debate, and Future Policy
Elon Musk's recent claim of a U.S. shortage of top engineers, countered by data showing record STEM degrees and projected job growth, highlights the debate surrounding the H-1B visa program's impact on American workers and its role in tech innovation.
Progress
16% Bias Score
Moderate Growth Projected for US Consumer Spending in 2025, Despite Tariff and Conflict Risks
US consumer spending in 2025 is projected to rise moderately, fueled by job growth and wage increases exceeding inflation, but potential tariffs and international conflicts pose significant risks, potentially dampening consumer confidence and spending on discretionary items.
Moderate Growth Projected for US Consumer Spending in 2025, Despite Tariff and Conflict Risks
US consumer spending in 2025 is projected to rise moderately, fueled by job growth and wage increases exceeding inflation, but potential tariffs and international conflicts pose significant risks, potentially dampening consumer confidence and spending on discretionary items.
Progress
36% Bias Score
Avian Flu Causes Widespread US Egg Shortages, Prices Soar
Avian influenza killed 17.2 million egg-laying hens in November and December 2024, causing widespread egg shortages across the US and a 25% price increase in December alone, with the situation expected to last six to nine months.
Avian Flu Causes Widespread US Egg Shortages, Prices Soar
Avian influenza killed 17.2 million egg-laying hens in November and December 2024, causing widespread egg shortages across the US and a 25% price increase in December alone, with the situation expected to last six to nine months.
Progress
28% 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
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...
Progress
52% Bias Score
US Inflation Rises to 2.9% in December
US inflation rose to 2.9% in December 2024, exceeding the Federal Reserve's target, driven by higher food and energy prices; however, economists predict a return to lower inflation in 2025, with the caveat that President-elect Trump's policies could reverse this trend.
US Inflation Rises to 2.9% in December
US inflation rose to 2.9% in December 2024, exceeding the Federal Reserve's target, driven by higher food and energy prices; however, economists predict a return to lower inflation in 2025, with the caveat that President-elect Trump's policies could reverse this trend.
Progress
44% Bias Score
Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of a new government agency, the External Revenue Service, to collect tariffs and duties from foreign sources starting January 20th, aiming to generate revenue from foreign trade and potentially replace some current tax collections, despite concerns...
Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of a new government agency, the External Revenue Service, to collect tariffs and duties from foreign sources starting January 20th, aiming to generate revenue from foreign trade and potentially replace some current tax collections, despite concerns...
Progress
52% Bias Score
Capital One Stock Rises on Discover Acquisition, Despite Rising Charge-Offs
Capital One's stock has risen 36% since early 2024, exceeding the S&P 500's performance, largely due to investor optimism surrounding its acquisition of Discover Financial, a deal expected to close in early 2025; however, rising charge-offs and delinquencies present a short-term risk.
Capital One Stock Rises on Discover Acquisition, Despite Rising Charge-Offs
Capital One's stock has risen 36% since early 2024, exceeding the S&P 500's performance, largely due to investor optimism surrounding its acquisition of Discover Financial, a deal expected to close in early 2025; however, rising charge-offs and delinquencies present a short-term risk.
Progress
36% Bias Score
Healthcare Dominates Top 2025 Job Rankings
Indeed's 2025 job ranking reveals that six of the top 25 positions are in healthcare, driven by high salaries (e.g., $385,000 for radiologists), at least 20% job growth over three years, and an aging U.S. population increasing healthcare needs.
Healthcare Dominates Top 2025 Job Rankings
Indeed's 2025 job ranking reveals that six of the top 25 positions are in healthcare, driven by high salaries (e.g., $385,000 for radiologists), at least 20% job growth over three years, and an aging U.S. population increasing healthcare needs.
Progress
40% Bias Score