Elisabeth Buchwald
Elisabeth Buchwald is an award-winning economics reporter for CNN Business. She has extensive experience covering a wide range of economic topics, including personal finance, inflation, and monetary policy. Prior to joining CNN, Buchwald was a personal finance and markets reporter at USA TODAY and worked at MarketWatch. She graduated from George Washington University with a degree in economics and international business.
83%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
89%
Examples:
- The author also tends to focus on the potential vulnerabilities of banks and financial institutions, suggesting a concern for financial stability.
- The author has a slight bias towards highlighting the negative impact of inflation and economic policies on consumers and small businesses.
Conflicts of Interest
95%
Examples:
- The author frequently reports on the actions and statements of financial institutions, regulatory bodies, and government officials.
- There are no clear instances of conflicts of interest, but the author's reporting may be perceived as critical or skeptical by those being reported on.
Contradictions
87%
Examples:
- The author also points out discrepancies between the Federal Reserve's targets and actual inflation rates.
- There are instances where the author highlights contradictions within economic data, such as inflation rates and GDP growth.
Deceptions
65%
Examples:
- However, these instances are relatively minor and do not significantly impact the overall accuracy of the reporting.
- The author occasionally uses language that could be interpreted as deceptive or misleading.
Recent Articles
Delta's IT Outage: 400 Flight Cancellations, 860 Delays, and the Road to Recovery
Broke On: Wednesday, 24 July 2024Delta Air Lines, the world's premier international airline, is working to restore normal operations following last week's CrowdStrike outage that caused over 400 flight cancellations and approximately 860 flight delays. The incident resulted in significant disruptions and apologies from CEO Ed Bastian. Delta is taking care of affected customers with meals, accommodations, vouchers, and SkyMiles as investigations continue. :max_bytes(150000):strip_icc()/GettyImages-2148747993-e941620e04594a508c40f8f6fea33a4b.jpg)
Costco Announces First Membership Fee Hike in Seven Years: Boosting Employee Wages and Lowering Prices
Broke On: Thursday, 11 July 2024Costco raises membership fees for the first time in 7 years, increasing Gold Star and business memberships by $5 to $65, and executive memberships by $10 to $130. The retailer plans to use the additional revenue for employee wage increases and lower prices. Analysts project earnings growth following the fee hike, but Costco's shares fell 4.3% on Thursday. 
Costco Announces First Membership Fee Increase in Seven Years: What You Need to Know
Broke On: Wednesday, 10 July 2024Costco raised its membership fees for the first time since 2017, with the standard Gold Star Membership increasing to $65 and Executive Membership to $130 per year. The increase comes amidst inflation and supply chain disruptions, following similar moves by competitors Sam's Club and BJ's Wholesale Club. Costco reported collecting $4.6 billion in membership fee revenue in 2023, a significant source of revenue for the company. Despite these changes, Costco remains committed to keeping prices low for members and generating value through its membership model. 
Federal Reserve Stress Tests: US Banks Pass, but Critics Question Preparedness; Lufthansa Introduces 'Environmental-Cost Surcharge'
Broke On: Wednesday, 26 June 2024The Federal Reserve's stress tests revealed that major US banks could withstand severe economic conditions, while Lufthansa announced an 'environmental-cost surcharge' for EU flights to cover sustainable fuel costs. Despite higher losses due to credit card debt, all banks passed with sufficient capital ratios. 
Nvidia's Metoric Rise to the Top: From a Denny's Booth to a $3 Trillion Company
Broke On: Thursday, 20 June 2024Nvidia, founded in 1993 at a Denny's booth, transformed from a gaming hardware company to the most valuable tech firm with a $3 trillion market cap. Known for its GPUs and CUDA programming language, Nvidia revolutionized gaming and later discovered its chips' potential for AI applications. With up to 70% market share in AI chips, Nvidia offers full supercomputer solutions and controls the industry with its high-performing GPUs. 
Beyond Political Spin: Understanding the Complex Economy with Facts and Context
Broke On: Friday, 24 May 2024Amidst political debates, the US economy exhibits robust growth with record job openings and low unemployment rates, yet concerns over consumer debt and deliquencies persist. Understanding this complex economic landscape requires acknowledging potential biases in sources. 
FDIC Chair Resigns Amid Calls for New Leadership to Address Toxic Workplace Culture
Broke On: Tuesday, 21 May 2024FDIC Chair Martin Gruenberg resigns amid calls for new leadership due to toxic workplace culture revealed in a scathing report. Sen. Sherrod Brown urges President Joe Biden to nominate a new chair to address the issues and make fundamental changes at the agency. 
FDIC Chair Martin Gruenberg Resigns Amid Harassment Scandal, Leaving Agency Deadlocked
Broke On: Monday, 20 May 2024FDIC Chair Martin Gruenberg resigned on May 20, 2024, following a scathing report detailing pervasive sexual harassment, discrimination, and bullying at the Federal Deposit Insurance Corporation (FDIC). The investigation revealed his own role in the toxic workplace culture. Senator Sherrod Brown called for President Biden to nominate a new leader prioritizing decency and integrity. Gruenberg's resignation leaves the FDIC board deadlocked, potentially delaying controversial rulemaking, including new capital requirements for banks. 
Stock Market Surges to New Heights as Inflation Decreases: S&P 500, Nasdaq Composite Reach All-Time Highs
Broke On: Wednesday, 15 May 2024The stock market surged on May 15, 2024, as consumer inflation came in lower than expected, leading to an increase in the S&P 500, Nasdaq Composite and a stabilization of the Dow Jones Industrial Average. The drop in bond yields indicated investors were adjusting their portfolios following the lower inflation rate. Despite positive market movements, some stocks like GameStop and AMC Entertainment experienced a slight pullback. Investors also kept an eye on upcoming economic data and policy decisions. 
Federal Reserve Chair Powell Expresses Uncertainty Over Inflation Timeline, Holds Rate at 5.25-5.5%
Broke On: Tuesday, 14 May 2024Federal Reserve Chair Jerome Powell expressed uncertainty over the timeline for high interest rates to lower inflation during a speech in Amsterdam on May 14, 2024. Despite acknowledging higher-than-expected inflation readings and expecting further rate hikes to remain unlikely, Powell anticipates inflation to decrease throughout the year. The Dow Jones Industrial Average, S&P 500, and Nasdaq all experienced gains on May 14th along with meme stocks GameStop and AMC Entertainment.