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10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report
U.S. Treasury yields jumped after December's jobs report was stronger than expected.CNBC - Jan. 10 -
This is how much hotter 2024 was than 2023
Copernicus says the global temperature for all of 2024 was 1.6 degrees above pre-industrial level.ABC News - Jan. 10 -
U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%
Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.CNBC - Jan. 10 -
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - Jan. 10 -
L.A. wildfires have caused more than $135 billion in economic losses — and counting
Fires across Southern California are already one of the most damaging in the states history.MarketWatch - Jan. 10 -
A look at the makeshift command center for L.A. firefighters
As firefighters battle the Palisades Fire, hundreds of people are supporting them at a command center that was built in less than 24 hours. From lodging to laundry to logistics, this small city has ...CBS News - Jan. 9 -
Last Year’s Hiring Announcements Lowest Since 2015
One firm said that the hiring announcement could be indicative of uncertain economic conditions.Inc. - Jan. 9 -
Macy’s to Close 66 Store Locations
Macy’s real estate assets, including the Herald Square location, are worth about $5 to $9 billion.Inc. - Jan. 9 -
Is a Macy’s near you closing? Beleaguered department store is closing 66 locations.
Macy’s Inc. unveils a list of more than 60 stores slated to close this year as the retailer struggles to right itself amid diminishing foot traffic at remaining stores and breathe new life into its ...MarketWatch - Jan. 9 -
VW's Scout has more than 50,000 EV reservations as automaker aims to grow U.S. share
LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.NBC News - Jan. 9 -
More than 15,000 doctors urge Senate to reject RFK Jr. as Health secretary
More than 15,000 doctors across the country signed an open letter urging senators to vote against President-elect Trump’s nominee for secretary of the Department of Health and Human Services (HHS): ...The Hill - Jan. 9 -
Pound falls to lowest in over a year after UK borrowing costs rise
Economists have warned the rise could mean further tax hikes or spending cuts by the government.BBC News - Jan. 9 -
More than 15,000 doctors sign letter urging Senate to reject RFK Jr. as health secretary
President-elect Donald Trump's pick of Robert F. Kennedy Jr. for secretary of health and human services has drawn the ire of health care professionals.NBC News - Jan. 9 -
Greggs shares drop on sales slowdown
UK bakery chain blames ‘subdued high street footfall’ for weaker earningsFinancial Times - Jan. 9 -
Consider flipping your 60/40 portfolio to 40/60 as bonds become more attractive than stocks
It’s no longer the glory days for the classic 60/40 investment strategy.MarketWatch - Jan. 9 -
When does transfer window close in Premier League, La Liga, Serie A, Bundesliga and more?
We are already past the first week of the midseason business period for European soccer clubs, but when is transfer deadline day?CBS Sports - Jan. 9 -
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VW's Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share
Volkswagen, which revived the old American brand, said Scout is part of its plan to grow its market share in the U.S.CNBC - Jan. 8 -
Shares of California utility Edison International drop 10% as wildfires rage
The decline comes as multiple large fires are burning around Los Angeles, with strong winds making them difficult to contain.CNBC - Jan. 8 -
Who Is Hussain Sajwani, the Developer Behind Trump’s $20 Billion Data Center Pledge?
Hussain Sajwani, the founder and chairman of DAMAC Properties of Dubai, built the first Trump-branded golf course in the Middle East a decade ago.The New York Times - Jan. 8 -
Altadena senior center in flames as Eaton Fire rages
Firefighters are trying to mitigate the growing fire in Altadena, California, where a senior center is now in flames. Low water pressure and exhausted responders are impacting efforts. CBS News Los ...CBS News - Jan. 8 -
Mark Cuban: I'd rather own bitcoin than gold if something bad happens to the economy—'I think it has more value'
Billionaire investor Mark Cuban says bitcoin can function as a store of value and a currency in case of economic turmoil. It even has some advantages over gold.CNBC - Jan. 8 -
Shares of California utility Edison International drop more than 10% as wildfires rage
Fear and uncertainty surrounding the wildfires in California appear to be weighing on shares of Edison International, whose Southern California Edison is the power utility for the areas directly ...NBC News - Jan. 8 -
Deadly Eaton Fire burns more than 10,000 acres
The Eaton Fire has spread across 10,000 acres, according to officials, and at least two deaths have been confirmed. CBS News Los Angeles' Joy Benedict reports.CBS News - Jan. 8 -
Four fires grow, forcing more than 80,000 evacuations around L.A.
A fire in the Pacific Palisades area of Los Angeles has forced some residents to evacuate amid "life-threatening and destructive" winds.NBC News - Jan. 8 -
Can AMD gain ground on Nvidia? This new bear sees a tough road ahead.
AMD’s stock just got downgraded, with HSBC warning that the company’s “AI GPU roadmap is less competitive than we previously thought.”MarketWatch - Jan. 8 -
More fizzle than pop: the limits of Nicole Kidman’s erotic drama Babygirl
Despite bold scenes for mainstream American cinema, the sexy dom/sub age-gap film can’t quite figure out what it’s saying about desire. Arguably the most transgressive scene in Babygirl , A24’s ...The Guardian - Jan. 8 -
AMD is going head-to-head with Nvidia in AI-backed drug discovery with new deal
Chip maker AMD is investing $20 million in AI drug startup Absci, which will use AMD chips and software for drug development.MarketWatch - Jan. 8 -
US applications for jobless claims fall to 201,000, lowest level in nearly a year
U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffsABC News - Jan. 8
