Krystal Hur
Krystal Hur Markets Reporter, CNN Business Krystal Hur is a markets reporter for CNN Business. She covers global financial markets with a focus on US equities, commodities, investor trends and the forces that move and shape them. Latest Krystal Hur is a markets reporter for CNN Business. She covers global financial markets with a focus on US equities, commodities, investor trends and the forces that move and shape them. Hur also writes about an array of other business topics, and has written stories covering the collapses of Silicon Valley Bank and Signature Bank, a copyright infringement case involving Ed Sheeran and Ed Townsend, and a deep dive into how the Federal Reserve’s interest rate hikes could have a disproportionate effect on people of color in the labor market. Prior to joining CNN, Hur was at CNBC and wrote service stories for the Investing Club with Jim Cramer. She also covered exclusive CEO interviews, stock pickers and markets, and economy analyses based on “Mad Money with Jim Cramer.” She has previously reported for Automotive News, NBC News, OpenSecrets, and the Wall Street Journal, where her magnum opus was a story about toddlers who developed strange pandemic hobbies. Hur graduated from the University of Michigan (go blue!) with a dual degree in business administration and English.
Biography:
https://www.cnn.com/profiles/krystal-hur
88%
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
100%
Examples:
- Krystal Hur is a markets reporter for CNN Business with a focus on US equities, commodities, investor trends and the forces that move and shape them. She has previously reported for Automotive News, NBC News, OpenSecrets, and the Wall Street Journal.
- The articles provided show no instances of bias.
Conflicts of Interest
100%
Examples:
- No conflicts of interest are reported or detected.
- There is no evidence of financial ties between the subjects covered in the articles and the author.
Contradictions
85%
Examples:
- In article 1: The tech-heavy Nasdaq tumbled 2.8% in its worst day since July 1, but also 'Closed below 18,000 for the first time since July.' This is contradictory as it states the Nasdaq both did and didn't close below a certain level.
- In article 2: The author mentions that Bitcoin surges and traders bet on Donald Trump election win. However, in another part of the same article, it says 'All 31 banks evaluated in the Fed’s annual stress test passed this year.' This is contradictory as it suggests a potential market crisis due to Trump's win but also states that all tested banks passed the Fed's stress test.
- In article 5: The author mentions that Roaring Kitty's trading activity could be considered manipulation, according to the Journal. However, in another part of the same article it says 'It’s unclear whether any regulatory action could quell Gill’s staunch supporters or embolden them even more.' This is contradictory as it suggests potential regulatory action but also implies that such action may not have a significant impact.
Deceptions
62%
Examples:
- In article 1: The sentence 'Federal Reserve officials said during their March policymaking meeting that inflation will likely continue to slow this year.' is deceptive because it implies that the Federal Reserve expected a significant decrease in inflation when they only predicted a slight decline.
- In article 5: The statement 'Inflation has been a bane on Biden’s presidency.' is misleading as it suggests that President Biden bears sole responsibility for high inflation rates, which is not accurate.
Recent Articles
Wall Street Rebounds: Dow Surges 1.6%, S&P and Nasdaq Gain as Economy Improves and Earnings Exceed Expectations
Broke On: Friday, 26 July 2024Wall Street rallied on July 26, 2024, with all major indexes surging due to optimistic earnings reports and encouraging economic signals. The Dow Jones Industrial Average gained over 650 points, while the S&P 500 and Nasdaq composite index registered gains of around 1%. Analysts attributed this bounce-back to low unemployment, rising wages, decelerating inflation rates, and potential Fed rate cuts in September. Leading the positive results were manufacturers like 3M and telecommunications companies such as Charter Communications. The broader market rally now cuts across industries as investors seek opportunities beyond tech stocks. 
Global Markets Volatility: U.S.-China Trade Tensions Spark Tech Rout and Strong Q2 Results
Broke On: Wednesday, 17 July 2024Amidst rising US-China trade tensions, tech stocks faced significant declines while Asian markets dropped. Discover Financial and Beyond Meat saw contrasting stock price movements due to their Q2 results and potential balance sheet restructuring discussions. The Nasdaq Composite experienced its worst day since late 2022 as investors shifted towards economically sensitive sectors in anticipation of interest rate cuts. 
Trump's Assassination Attempt Sparks Stock Market Surge and Election Betting Frenzy
Broke On: Tuesday, 16 July 2024Former President Trump's survival of an assassination attempt during a Pennsylvania rally sparked investor interest, with Truth Social's stock price surging 30% and gun manufacturers, prison stocks, and companies potentially benefiting from Trump policies seeing gains. Betting odds on PredictIt also shifted towards a Trump election victory. 
Bank Earnings Season Kicks Off: JPMorgan, Citigroup, and Wells Fargo Preview; Net Interest Margins Expected to Improve in H2 2024
Broke On: Thursday, 11 July 2024JPMorgan Chase, Citigroup, and Wells Fargo kick off bank earnings season with projected net interest margin improvements and increased provisions for credit losses. The Financials sector anticipates over 40% of S&P 500 companies reporting Q2 earnings growth, except for Multi-line Insurance (-16%). The US Treasury's upcoming refunding update will impact bond supply and loan loss reserves. 
Nvidia's Stock Surges: Analysts Raise Price Targets Amidst Long-Term AI Hardware Opportunities
Broke On: Friday, 21 June 2024Nvidia, a tech leader in AI chip technology, saw its stock price surge by 165% this year. Analysts raised price targets to $150 due to GenAI hardware deployments and upcoming Blackwell AI accelerator systems for cloud customers. Despite valuation concerns and competition, Nvidia's co-optimized silicon, system, and software moat drives growth. Experts Warn of Upcoming Stock Market Correction: Predictions of S&P 500 and Nasdaq Composite Drop
Broke On: Monday, 17 June 2024Experts warn of an impending stock market crash with predictions of up to 92% drop in the Nasdaq Composite and around 86% drop in the S&P 500. Concerns include overvalued stocks, inflation, and rising interest rates. 
Nvidia Overtakes Microsoft to Become Most Valuable Public Company with $3.3 Trillion Market Cap
Broke On: Tuesday, 18 June 2024Nvidia, a tech giant specializing in GPUs and system-on-chip units, surpassed Microsoft to become the world's most valuable company with a market cap of over $3.3 trillion. Its expertise in AI chip production fuels its growth in the rapidly expanding AI market. Nvidia reported record revenue and profits, driven by data center sales, but faces competition from AMD and Intel and efforts from major customers to reduce dependence. Keith Gill, AKA Roaring Kitty, Boosts GameStop Holdings to Over 9 Million Shares Amidst Meme Stock Frenzy
Broke On: Thursday, 13 June 2024Influential investor Roaring Kitty, aka Keith Gill, has boosted his GameStop holdings to over 9 million shares, selling or exercising call options. The surge in trading activity around GameStop caused disruptions at the annual shareholder meeting and a $2 billion equity sale. The meme stock trend gained traction during the pandemic with retail investors buying based on social media hype, but investing in individual stocks carries risk. Apple's Stock Surges to Record High on Excitement for New AI Platform, Apple Intelligence: Key Features and Market Reaction
Broke On: Tuesday, 11 June 2024Apple's stock surged 6% to a record high on Tuesday following the announcement of its new AI platform, Apple Intelligence, at the WWDC conference. Expected to be available for select devices later this fall, key features include updated Siri capabilities. D.A. Davidson upgraded Apple and raised their price target after the event, anticipating integration into everyday life. 
US Economy Produces $22.7 Trillion in Q1 2024: A Closer Look at Growth, Consumption, Inflation, and Employment
Broke On: Monday, 10 June 2024The US economy produced $22.7 trillion in goods during Q1 2024, with consumers driving spending and retail sales increasing, but growth slowed down and inflation remained above target. Employment data showed conflicting signals as unemployment rose slightly despite strong labor demand growth. Nvidia's advance fueled stock market excitement amid record highs for major averages, but challenges included regulatory actions against Southern Glazer's Wine and Spirits and Samsung Electronics workers' strike.
