Greg Iacurci

Greg Iacurci is a reporter at CNBC, where he covers personal finance with a focus on travel, retirement, investing, labor market trends and the economy. Based in New York.

Biography:  https://www.cnbc.com/greg-iacurci/

70%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

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

86%

Examples:

  • Fed Chair Jerome Powell said last week that the Fed may not be far off from throttling back.
  • Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024.
  • The U.S. Federal Reserve is likely to start cutting interest rates by the end of the second quarter despite recent ‘hotter than expected’ inflation data.

Conflicts of Interest

50%

Examples:

  • The largest companies must start making some climate disclosures as early as fiscal 2025 and about greenhouse gas emissions as soon as fiscal 2026.

Contradictions

85%

Examples:

  • The article claims that climate disclosures are not mandatory under the current regime; however, it fails to mention that there have been regulations in place since 2016 requiring certain companies to report on their greenhouse gas emissions. This is a deceptive statement as it implies that these disclosures are optional when they are actually required.
  • The article states that only large accelerated filers and accelerated filers must disclose Scope 1 and 2 emissions, but this is not entirely accurate. The SEC’s final rule requires companies to report on their direct (Scope 1) and indirect (Scope 2) emissions if they are deemed material to investors. This information should be made clear in the article.
  • The SEC has voted to require climate disclosures from companies.

Deceptions

69%

Examples:

  • The article claims that climate disclosures are not mandatory under the current regime; however, it fails to mention that there have been regulations in place since 2016 requiring certain companies to report on their greenhouse gas emissions. This is a deceptive statement as it implies that these disclosures are optional when they are actually required.
  • The article states that only large accelerated filers and accelerated filers must disclose Scope 1 and 2 emissions, but this is not entirely accurate. The SEC’s final rule requires companies to report on their direct (Scope 1) and indirect (Scope 2) emissions if they are deemed material to investors. This information should be made clear in the article.
  • The title implies that the Fed will start cutting interest rates by a certain time and with certainty when no such statement was made in the article.

Recent Articles

Unexpected Unemployment Rate Hike and Decrease in Core Inflation Raise Concerns for the Labor Market and Economy

Unexpected Unemployment Rate Hike and Decrease in Core Inflation Raise Concerns for the Labor Market and Economy

Broke On: Thursday, 11 July 2024 Unexpected unemployment rise to 4.1% and decrease in headline inflation fuel speculation of earlier interest rate cuts, despite a stronger-than-expected job growth of 206,000 in June.
Federal Reserve May Cut Interest Rates Amid Inflation Concerns and Slowdown in Consumer Spending

Federal Reserve May Cut Interest Rates Amid Inflation Concerns and Slowdown in Consumer Spending

Broke On: Friday, 15 March 2024 The US Federal Reserve is likely to start cutting interest rates by the end of the second quarter due to recent hotter than expected inflation data and a slowdown in consumer spending. However, inflation must still cool further before any decision on interest rates can be made.
SEC Approves Watered-Down Rule on Greenhouse Gas Emissions Reporting for Public Companies

SEC Approves Watered-Down Rule on Greenhouse Gas Emissions Reporting for Public Companies

Broke On: Wednesday, 06 March 2024 The US Securities and Exchange Commission (SEC) has approved a rule requiring some public companies to report their greenhouse gas emissions and climate risks. The final version was watered down, with opponents arguing quantifying such emissions is difficult, especially from international suppliers or private companies. However, environmental groups argued that these are usually the largest part of any company's carbon footprint and many already track this information.