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.

The rain that is expected to hit the scorched Los Angeles landscape this weekend may bring relief to the fire fights, but it could also bring flash floods and mudslides. Although forecasts show that the risk is relatively low, local officials are taking the warnings seriously.

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.

(Reuters) - The U.S. Senate on Monday confirmed Scott Bessent to be President Donald Trump's Treasury secretary, giving the billionaire hedge fund manager a central role in shaping the new administration's policy ambitions around tax cuts and spending and managing economic relationships with allies and adversaries alike.

This is just the beginning,” one Defense official said about the deployment of active-duty troops to the border with Mexico.

An avid skydiver who had made nearly 300 jumps died in a parachuting accident, Arizona police and news sources reported. Ann Wick, 55, of Minnesota, died in the accident at Sky Dive Arizona at about 4 p.

The capital gains tax exclusion for primary residences hasn’t changed since 1997. The dramatic gains in home values mean this tax law is worsening the housing crisis.

Gold prices look set for a record-breaking 2025 as heightened economic uncertainty and inflation concern under U.S. President Donald Trump's second term boost demand, despite dollar strength and reduced Federal Reserve rate-cut expectations.