California wildfires could slow the economy and boost inflation — and that’s not even the worst of it, economists say
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Surprise fall in inflation boosts interest rate cut hopes
Inflation falls for the first time in three months, sparking expectations rates may be cut to 4.5% in February.BBC News - 6h -
Eye Opener: High winds threaten to spread wildfires even further into California neighborhoods
Another day of fear and anxiety in Southern California as high winds threaten to spread deadly wildfires even further into neighborhoods. Also, a tense confirmation hearing for Pete Hegseth, ...CBS News - 9h -
UK inflation unexpectedly cools to 2.5%, core price print slows further
U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics.CNBC - 14h -
Goldman’s Solomon says US economy in a ‘fragile place’
Wall Street bank’s chief expects deregulation under Trump to spur business investment but urges cautionFinancial Times - 1d -
Drinking water could be contaminated in L.A. County areas affected by wildfires, experts say
Los Angeles-area residents who already face warnings about their tap water could be without it for some time, experts told NBC News, owing to concerns about the damage done to local infrastructure ...NBC News - 1d -
India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.CNBC - 2d -
ECB’s chief economist warns of too-low inflation if rates stay high
Philip Lane points to dangers of borrowing costs that remain ‘too high for too long’Financial Times - 2d -
EU too slow to tackle single market abuse, say industry bodies
Number of cases opened against member states for breaches of EU law has dropped sharplyFinancial Times - 2d -
California fires could be costliest disaster in US history, says governor
Gavin Newsom accuses Donald Trump of spreading disinformation after president-elect calls emergency response ‘incompetent’Financial Times - 2d -
Zelensky says Ukraine has offered assistance on California wildfires
Ukrainian President Volodymyr Zelensky said Sunday that his country has offered assistance on the California wildfires. “Today, I instructed Ukraine’s Minister of Internal Affairs and our diplomats ...The Hill - 3d -
Newsom says California wildfires will be one of the worst natural disasters in U.S. history
California Gov. Gavin Newsom told NBC News’ “Meet the Press” Saturday that the Los Angeles-area wildfires will be one of the worst natural disasters in U.S. history and called for an independent ...NBC News - 3d -
Clearing debris after California wildfires could take ‘nine months to a year,’ says Gov. Newsom
NBC News Correspondent Jacob Soboroff joins Meet the Press from Los Angeles County to discuss his interview with California Gov. Gavin Newsom (D), who said clearing the debris from wildfire damage ...NBC News - 3d -
Gov. Newsom says L.A. wildfires could be worst natural disaster in U.S. history: Full interview
California Gov. Gavin Newsom (D) exclusively speaks with NBC News Correspondent Jacob Soboroff as wind-fed wildfires sweep through the Los Angeles area.NBC News - 3d -
LA fire chief says city failed department amid ongoing Southern California wildfires
Los Angeles Fire Department (LAFD) Chief Kristin Crowley said during an interview Friday that the city failed the department amid the ongoing wildfires in Southern California that have taken at ...The Hill - 4d -
Los Angeles rents could rise by up to 12% because of the wildfires, experts say
Rents in L.A. were going down, but the wildfires could reverse that trend.MarketWatch - 4d -
Crews make slow progress battling Southern California wildfires
Multiple wildfires were still burning across the Los Angeles County area Friday as tens of thousands of people remained under evacuation orders and more than 10,000 structures were estimated to ...CBS News - 4d -
Mexico to Avoid U.S. Tariffs, Economy Minister Says
President-elect Donald Trump wants tariffs if Mexico doesn’t comply with his border goals.Inc. - 4d -
As wildfires ravage L.A., here's a look at worst fires in California's history
Early estimates show that the total damage and economic loss due to the Los Angeles wildfires could be between $60 billion and $130 billion.CBS News - 5d -
Hiring boost indicates Trump will inherit healthy economy
The data may help determine whether the Fed will cut interest rates this month.ABC News - 5d -
See how large the California wildfires are
See how large the wildfires have become. The Palisades Fire is already larger than the land size of Providence, Rhode Island.NBC News - 6d -
MAGA Is Blaming DEI for the California Wildfires
Rather than months without rain or the effects of climate change, figures like Elon Musk and Donald Trump Jr. are pointing to a familiar scapegoat as entire neighborhoods burn.Wired - 6d -
China bets on kitchen appliances to boost economy
A list of subsidised household goods has been expanded as Beijing tries to increase domestic spending.BBC News - 6d -
China's consumer inflation slows further in December, stoking deflation worries
China's consumer prices in December edged up 0.1% in line with expectations from a year earlier, National Bureau of Statistics showed Thursday, fanning deflation concerns.CNBC - 6d -
Biden says he is deploying federal resources to California amid wildfires
President Biden received a fire briefing in Santa Monica, California, on Wednesday before returning to Washington, D.C. He said he is deploying federal resources to the region. CBS News chief White ...CBS News - 6d -
California rep warns Los Angeles fires could be 'worst disaster in California's history'
California Rep. Ami Bera (D) said the fires raging across parts of Los Angeles could be the state’s worst disaster in history. Bera joined NewsNation’s "The Hill" on Wednesday to discuss the ...The Hill - 6d -
WATCH: Wildfire scientist on cause of Southern California wildfires
Wildfire scientist and fire ecologist Chad Hanson discusses the factors that led to the historic and devastating Southern California wildfires and how climate change played a role.ABC News - 6d -
The LA wildfires are 'worst-case scenario' for California residents
California homeowners shared video clips of the damaging flames plowing through the Pacific Palisades area as a fire continues to blaze since its start on Tuesday.ABC News - 6d -
California’s Wildfires Show No Signs of Slowing Down
As hurricane-force winds fan the most destructive wildfires in California history across bone-dry foothills, communities face the dual threat of natural forces and a warming world.Wired - Jan. 8 -
Economic loss from California wildfires could reach $52B-57B: Report
Total damage from the devastating wildfires scorching Southern California could amount to between $52 billion and $57 billion in economic losses, according to a new analysis. The estimate, issued ...The Hill - Jan. 8 -
Wildfires in Southern California
Plus, we explain why Facebook is getting rid of fact-checking.The New York Times - Jan. 8 -
L.A. wildfires rapidly grow with worst winds still to come
Powerful winds whip up a fire in the coastal Pacific Palisades neighborhood of Los Angeles, forcing residents to evacuate.NBC News - Jan. 7 -
Dangerous winds fueling California wildfires
NBC News' Chase Cain reports on the heavy smoke seen over Pacific Palisades, Calif., while meteorologist Bill Karins details the path of the strong winds.NBC News - Jan. 7 -
This strategist says a popular ETF could jump at least 15%. It’s a bet inflation will be contained.
Treasurys are attractive at current levels, according to Roth Capital PartnersMarketWatch - Jan. 6 -
ECB has been too slow to cut rates, Eurozone economists warn
Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’Financial Times - Jan. 5 -
Rudy Giuliani, Slow to Transfer Assets to Election Workers, Could Be Held in Contempt
The former mayor of New York City could be held in contempt of court after failing to fully comply with orders to surrender millions of dollars in assets to election workers he defamed.The New York Times - Jan. 4 -
UK heading for tax rises despite return to growth, economists say
The FT’s annual poll forecasts better performance than France and GermanyFinancial Times - Jan. 3 -
What economists say about the UK’s outlook for 2025
Below are full responses to the FT’s annual survey about the British economyFinancial Times - Jan. 2 -
Problems with UK economy data could be widespread, warns lawmaker
Meg Hillier highlights damaging consequences of under-investment in key forecasting systemsFinancial Times - Jan. 2
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TikTok’s U.S. operations could be worth as much as $50 billion if ByteDance decides to sell
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