Tag #Us Economy

cbsnews.com
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Wholesale Inflation Up 0.2% in December, Driven by Energy Prices

U.S. wholesale inflation rose 0.2% in December due to higher energy prices, particularly a 9.7% increase in gasoline, while food prices fell 0.1%; the year-over-year increase reached 3.3%, exceeding forecasts and boosting U.S. markets.

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44% Bias Score

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foxnews.com
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Major US Banks Exit Net-Zero Climate Alliance Ahead of Trump Presidency

Six of the world's largest banks simultaneously withdrew from the Net-Zero Banking Alliance (NZBA) in December 2024, weeks before President-elect Trump's inauguration, citing a desire to pursue emission reduction independently despite concerns about potential political backlash.

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48% Bias Score

kathimerini.gr
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Trump's Return Threatens Global Tax War

A potential second Trump presidency is jeopardizing the global tax deal brokered by the OECD, causing concern amongst experts due to the potential for retaliatory tariffs on countries implementing new rules allowing additional taxes on US multinationals, particularly the EU, which has a €158 billion...

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44% Bias Score

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forbes.com
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Strong US Jobs Data Triggers Sharp Crypto Market Selloff

The unexpectedly strong US JOLTS report, exceeding 8 million job openings, caused a significant selloff in crypto markets, with Bitcoin, Ethereum, and Dogecoin dropping 5–8% and over $200 million in assets liquidated in an hour, due to investor concerns about persistent inflation and reduced likelih...

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52% Bias Score

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cnbc.com
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Strong Job Growth Fuels Market Concerns Amidst Rising Yields

Stronger-than-expected job growth in December (256,000 jobs, exceeding forecasts by 100,000) caused a 1.5% drop in the S&P 500 on Friday, due to concerns about the sustainability of economic growth given rising bond yields and Federal Reserve actions.

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24% Bias Score

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theglobeandmail.com
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U.S. Job Growth Accelerates, Defying Expectations and Potentially Halting Fed Rate Cuts

The U.S. added 256,000 jobs in December, exceeding expectations and lowering unemployment to 4.1%, leading to speculation that the Federal Reserve will maintain interest rates; this follows concerns about potential inflation under the incoming Trump administration.

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40% Bias Score

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theglobeandmail.com
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FFOPU: The Key to REIT Outperformance in 2024 and Beyond

Scotiabank analysts found that REITs with the highest forecasted FFOPU at the start of the year significantly outperformed other strategies over the past 17 years, challenging traditional value investing approaches and highlighting FFOPU as a key selection criterion for 2024 and beyond.

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48% Bias Score

Decent Work and Economic Growth
cnbc.com
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Contrasting Holiday Results for Retailers: Lululemon Soars, Abercrombie Falls

Lululemon and Abercrombie & Fitch reported better-than-expected holiday sales, raising their fourth-quarter outlooks; however, Abercrombie's stock fell due to investor concerns about slowing growth, while Macy's disappointing results led to a stock drop exceeding 6%.

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32% Bias Score

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forbes.com
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Robust December Jobs Report Eliminates Fed Rate Cut Expectations

The December 2024 jobs report showed unexpectedly strong employment growth of 256,000 nonfarm jobs, exceeding expectations and leading to a rise in bond yields and a decline in stock prices due to reduced expectations of Federal Reserve rate cuts.

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36% Bias Score

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cnbc.com
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Strong Jobs Report Eliminates Rate Cut Expectations, Markets Fall

Stronger-than-expected November jobs data (256,000 jobs added, unemployment at 4.1%) and surging consumer inflation expectations (highest since 2008) eliminated market expectations of Federal Reserve rate cuts in 2024, leading to stock market declines (S&P 500 down 1.5%, Nasdaq down 2%).

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52% Bias Score

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cnbc.com
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Nordstrom Raises Sales Outlook After Strong Holiday Season

Nordstrom raised its full-year sales outlook to 1.5%-2.5% growth after exceeding holiday sales expectations, driven by competitive pricing and a strong product offering; however, profit guidance remained unchanged, and a buyout deal is planned for the first half of 2025.

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36% Bias Score

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theglobeandmail.com
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Canada's Unexpected Job Boom Fuels Debate on Interest Rates

Canada's economy added 91,000 jobs in December 2016, exceeding expectations significantly, lowering the unemployment rate to 6.7 percent and sparking debate about the Bank of Canada's interest rate policy amidst concerns about U.S. tariffs and a potentially weakening Canadian dollar.

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40% Bias Score

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