The Fed is unlikely to cut interest rates again when it meets next week, delaying any relief from high borrowing costs.

In the wake of devastating wildfires that have ravaged the state, California is allocating over $2.5 billion for response and preparedness, Gov. Gavin Newsom’s office announced Thursday. The substantial outlay

California is requiring that all new cars must be zero-emission vehicles by 2035. Before leaving office, President Joe Biden set a national goal to have half of the new cars and trucks sold nationwide by 2030 have zero emissions.

Shortages in labor and materials will add to strain in rebuilding communities affected by wildfires in Los Angeles.

Housing construction permits were already trending downward. Now the wildfires have taken away at least 10,000 occupied homes.

For CD rates to stay the same in 2025, the current economic conditions would have to remain steady in terms of a variety of factors, including "steady inflation rate, balanced economic growth, stable employment levels, the Fed remaining neutral on its monetary policy, and no surprises in the economy," says Chitrathorn.

Neither the state nor local government seems to have learned much from the perils of pricing the less privileged out of Los Angeles's safe zone.

The number of Americans filing for unemployment benefits rose slightly last week, yet labor market conditions remain stable. The Federal Reserve is expected to maintain interest rates due to minimal stress in job markets.

SAN DIEGO (KSWB) — A paraglider who took off from Torrey Pines State Reserve in California was forced to make an emergency ... drones suddenly fell onto him at a holiday light show. Federal officials say it is generally legal to fly a drone in non ...

Shares are mixed in Asia after U.S. stocks edged back from their all-time high, with many regional markets closed for lunar new year holidays

In currencies, the dollar jumped 0.3% against the Chinese yuan in offshore trading, and rallied 0.4% versus the Aussie and 0.5% versus the New Zealand dollar, with the antipodean currencies tending to act as more liquid proxies for China's currency due to close trade ties.

The Federal Reserve’s first meeting of 2025 this week may throw a wrench into the stock-market rally just as investors worry President Donald Trump’s potentially inflationary policies could complicate