Latest in L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
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Wildfire turns scenes of L.A. into a nightmare of burning homes and fleeing residents
At least two people are dead, hundreds of buildings have burned and tens of thousands of Southern Californians remain under evacuation orders after fast-moving wildfires exploded in the Los Angeles ...NBC 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 -
Clippers' Kawhi Leonard stepping away from team to be with family evacuated from L.A. wildfires, per report
As of Wednesday, 70,000 residents have been ordered to evacuate Los Angeles CountyCBS Sports - 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 -
As Bitcoin Booms, More and More Companies Are Taking a Stake
Businesses that have nothing to do with crypto still see BTC as a hedge against inflation or a way to entice investors.Inc. - 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 -
AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation
The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.Inc. - Jan. 8 -
We Are Not Prepared for Fires Like This
A decade ago, this kind of disaster seemed unthinkably rare.The New York Times - 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 -
BAFTA Tea Party, key stop in the Oscar race, canceled due to L.A. wildfires
Saturday's event, an annual mainstay of the awards circuit, has been canceled amid the L.A. wildfires, the organization announced Wednesday.Los Angeles Times - Jan. 8 -
Bitcoin Is Luring More Companies and Their Cash
It is a sharp pivot away from the cautious approach of the traditional corporate treasury, normally charged with safeguarding cash rather than chasing higher returns.The New York Times - Jan. 8 -
Redick says family evacuated due to L.A. wildfires
Lakers coach JJ Redick called attention to the wildfires in the Pacific Palisades, saying his family was among those forced to evacuate.ESPN - Jan. 8 -
Can Americans end our abusive relationship with private health insurance?
What we mainly fear is that “breaking up” with the current private insurance model would be even worseThe Hill - 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 -
L.A. officials report civilian fatalities and '0% containment' for wildfires
Los Angeles officials gave an update on the wildfires in California, reporting that there are multiple injuries and two reported fatalities from the Eaton Fire as it grows with "0% containment."NBC News - Jan. 8 -
L.A. County Supervisor Lindsey Horvath on the latest wildfire conditions
L.A. County Supervisor Lindsey Horvath provides an update on the Palisades fire and other wildfires wreaking havoc across the region.CBS News - Jan. 8 -
Wildfires Roar Through L.A., and Trump Floats U.S. Expansion
Plus, the end of Facebook fact-checking.The New York Times - Jan. 8 -
Tips for cutting down winter heating costs and electricity bills
From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...NBC News - Jan. 8 -
Private sector companies added 122,000 jobs in December, less than expected, ADP says
Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.CNBC - Jan. 8 -
Young hits 50-foot buzzer-beater to lift Hawks
Trae Young hit a 50-foot 3-pointer at the buzzer to give the Hawks a 124-121 win over the Jazz on Tuesday night.ESPN - Jan. 8 -
Bank of England to relax rules for banks and insurers
PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulationFinancial Times - Jan. 8 -
11 More of the Most Fun Things We’ve Seen at CES
As our week in Las Vegas winds to a close, here’s a final look at the most clever, smart, and forward-looking tech at CES 2025.Wired - Jan. 8 -
What could Trump’s ‘big, beautiful bill’ look like?
President-elect Trump said that Republicans are working to craft a “powerful” piece of legislation to advance his agenda. Republicans had already begun preparing to use a special procedure known as ...The Hill - Jan. 8 -
House of Huawei — inside China’s ‘most powerful company’
Eva Dou’s authoritative account of the secretive tech company that has become a flashpoint in US-China relationsFinancial Times - Jan. 8 -
'Run for your lives!' LA residents abandon cars to flee fire on foot
Evacuees describe apocalyptic scenes as a brush fire exploded into a raging inferno within hours.BBC News - Jan. 8