The Fed is unlikely to cut interest rates again when it meets next week, delaying any relief from high borrowing costs.

In the wake of devastating wildfires that have ravaged the state, California is allocating over $2.5 billion for response and preparedness, Gov. Gavin Newsom’s office announced Thursday. The substantial outlay

Shortages in labor and materials will add to strain in rebuilding communities affected by wildfires in Los Angeles.

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.

Housing construction permits were already trending downward. Now the wildfires have taken away at least 10,000 occupied homes.

For CD rates to stay the same in 2025, the current economic conditions would have to remain steady in terms of a variety of factors, including "steady inflation rate, balanced economic growth, stable employment levels, the Fed remaining neutral on its monetary policy, and no surprises in the economy," says Chitrathorn.

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.

SAN DIEGO (KSWB) — A paraglider who took off from Torrey Pines State Reserve in California was forced to make an emergency ... drones suddenly fell onto him at a holiday light show. Federal officials say it is generally legal to fly a drone in non ...

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.

The Federal Reserve is widely expected to hold its key interest rate steady on Wednesday as officials wait for more data that indicates inflation is cooling.

Shares are mixed in Asia after U.S. stocks edged back from their all-time high, with many regional markets closed for lunar new year holidays