Search and rescue operations Wednesday after the Palisades Fire in the Pacific Palisades neighborhood of Los Angeles. California’s ability to plan its state budget will be impacted by the wildfires ravaging the Los Angeles area. Shortly after deadly blazes began marching through the communities of Altadena in Los Angeles County and the Pacific Palisades neighborhood
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“It is a profound honor to be nominated a second time by President Trump to serve as the Director of the Office of Management and Budget,” said Vought. ”The President has promised the American people a federal government that works for all Americans, not the interests of bureaucrats and an entrenched establishment. During my previous time at
Manusapon Kasosod | Moment | Getty Images Dub, a platform that allows retail traders to mimic the investments of notable people in business and government, debuted a service Thursday that pays select everyday investors to share their portfolios. Retail traders accepted into Dub’s so-called top creator program will be paid royalties for users to access
The top executive at Walgreens lamented the loss of sales from putting items like toothpaste behind lock and key to crack down on rampant shoplifting that has plagued pharmacy chains around the country. When you lock things upyou dont sell as many of them. Weve kind of proven that pretty conclusively, Tim Wentworth, CEO of
Instagram is down for thousands of users, according to Downdetector. The outage-detecting site found that at least 9,600 people reported that the Meta-owned photo-sharing app was not working properly. The Post has sought comment from Meta. This is a breaking news story.
A lawyer representing Meta in an intellectual property lawsuit said he has dropped the tech giant as a client over Mark Zuckerberg’s decision to scrap fact-checking on his social media platforms. Mark Lemley, who is also a law professor at Stanford University, claimed the Meta boss has embraced “toxic masculinity and neo-Nazi madness.” “I have
More than 400 Washington Post journalists sent an angry letter on Wednesday to owner Jeff Bezos, pleading with him to intervene on the paper’s direction to restore the “trust that has been lost.” The move comes as the Beltway broadsheet has seen a growing list of distinguished journalists head for the exits after Bezos intervened
The Biden administration on Wednesday sued Southwest Airlines, accusing the carrier of illegally operating multiple chronically delayed flights and disrupting passengers travel. The Transportation Department said in its civil suit in the US District Court in Northern California that the carrier had operated unrealistic schedules, and said it is seeking maximum civil penalties. The Justice
President-elect Donald Trump was gifted a personalized bottle of Diet Coke by the top executive at Coca-Cola just four years after the soft drink giant criticized the Capitol Hill rioting on Jan. 6, 2021. Coca-Cola CEO James Quincey presented Trump with a bottle that replaces the traditional Diet Coke logo with a label showing an
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It is not yet clear that the Gaza ceasefire will even come into force. But, if the war is indeed ending, what has it meant for the world? For Israel, the impact seems
Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely to continue. But with inflation still above the Fed’s 2% target, a strong labor market and a new administration, the central
Orlando Health last year acquired an 80% stake in Brookwood Baptist Health, the parent of Princeton Baptist Medical Center in Birmingham, Alabama.Orlando Health Orlando Health priced $853 million of tax-exempt bonds this week to fund recent acquisitions and its future capital program. The deal has a seperate taxable component. The tax-exempt Series 2025A priced Wednesday.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy grew 0.1 per cent in November, undershooting analysts’ expectations, as chancellor Rachel Reeves comes under increasing pressure to rebuild confidence in the government’s fiscal plans. The monthly figure was below the 0.2
Nate Anderson on January 6, 2023 in New York. Anderson exposes corporate fraud and ponzi schemes through his company Hindenburg Research. The Washington Post | The Washington Post | Getty Images Hindenburg Research, an upstart research and investment firm that made a name for itself with several successful short bets, is closing, founder Nate Anderson
<img src=”https://public.flourish.studio/visualisation/21179756/thumbnail” width=”100%” alt=”chart visualization” /> Municipals improved Wednesday amid a large new-issue slate, though underperformed a U.S. Treasury rally, after the consumer price index showed a slowdown in inflation. The CPI came in below expectations, while the core CPI, which strips out the more volatile costs of food and energy, was softer than expected.
Dr. Bob Froehlich, John Rogers, Jr. and Diane Swonk took the stage at the Executives’ Club of Chicago’s Annual Economic Outlook panel Tuesday.Executives’ Club of Chicago The Fed may have two more rate cuts in store this year, there is a floor forming under the Treasury bond market, a short recession is a possibility, and
Flames and smoke from the Palisades Fire surround a home (C) in the community of Topanga, California, on January 9, 2025. David Swanson | Afp | Getty Images Firefighters are still working to contain the record-breaking fires that have been raging for more than a week in Southern California. The fires in the Greater Los
Chicago general obligation debt was downgraded by S&P Global Ratings, which cited the city’s inability to confront its structural imbalance.Bloomberg News S&P Global Ratings downgraded Chicago’s general obligation debt to BBB from BBB-plus Tuesday, saying the city’s 2025 budget fails to address a persistent structural imbalance. The outlook, which S&P placed on credit watch negative
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s return to the White House could fuel a blockbuster 2025 on Wall Street, but concerns linger over inflationary policies and global strife, big US banks said as they unveiled bumper quarterly
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve is missing the bigger picture again. “The Fed looks like Mr. Magoo, driving around, bumping into things. Then became systematic, got inflation to come down,” Gundlach said in an
A lawsuit filed in Maricopa County Superior Court by the conservative Goldwater Institute challenges tax rate hikes approved by the Gilbert Town Council in October.AdobeStock The town council in Gilbert, Arizona, violated the state constitution by approving tax increases on services to fund infrastructure projects, according to a lawsuit filed by the Goldwater Institute. The
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