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3h ago

Fed Governor Bowman says December interest rate cut should be the last

Referring to the incoming administration, Bowman advised her colleagues to refrain from “prejudging” what Trump might do on issues such as tariffs and immigration.
Michelle Bowman speaks during the DC Blockchain Summit
Michelle Bowman speaks during the DC Blockchain Summit
6h ago

Los Angeles wildfires could be costliest blaze in U.S. history

The insured losses from this week’s fires may exceed $20 billion, according to estimates published by JPMorgan.
Houses destroyed by the fire.
Houses destroyed by the fire.

Major service workers union joins forces with AFL-CIO as second Trump term looms

The two unions' leaders said the move wasn't politically motivated while acknowledging the challenges that might lie ahead.
Members of Hotel Trades Council and 32 BJ of the SEIUService
Members of Hotel Trades Council and 32 BJ of the SEIUService

Dockworkers union, port companies reach tentative 6-year deal

Both sides say the tentative agreement will avoid a looming strike at midnight on Jan. 15.
The Port of Boston is closed due to the dockworkers strike. Here's what it means for the economy.
The Port of Boston is closed due to the dockworkers strike. Here's what it means for the economy.

Shares of California utility Edison International drop more than 10% as wildfires rage

Nearly 70,000 Edison customers were without power Wednesday morning, according to the utility’s website.
Burnt homes.
Burnt homes.

Robots haven't taken over yet, but AI investments are powering more of the economy

Firms are pledging billions of dollars toward building out artificial intelligence networks. But jobs from that investment may be hard to come by.
Image: jensen huang ces nvidia stage
Image: jensen huang ces nvidia stage

Tariff threat looms over the year's biggest electronics show

Consumer tech companies warn that customers would largely pay the price of higher import duties, but some aren’t sure which of the president-elect’s trade proposals to prepare for.
Image: mirokai robot ces las vegas
Image: mirokai robot ces las vegas
1d ago

As natural disasters intensify, affected student loan borrowers have options

The same holds true for other people with education debt who find themselves grappling with extreme weather and climate disasters.
Image: Powerful Winds Fuel Multiple Fires Across Los Angeles Area
Image: Powerful Winds Fuel Multiple Fires Across Los Angeles Area
1d ago

Used vehicle prices expected to continue to stabilize in 2025 after pandemic volatility

The overall stability in pricing is a win for potential car buyers. However, used vehicle prices are still higher than they were before the pandemic.
Used vehicles for sale at a dealership parked outside
Used vehicles for sale at a dealership parked outside

Nvidia's Jensen Huang is 'dead wrong' about quantum computers, D-Wave CEO says

Alan Baratz said companies including Mastercard and Japan’s NTT Docomo “are using our quantum computers today in production to benefit their business operations.”
Alan Baratz, chief executive officer of D-Wave Quantum Inc.,
Alan Baratz, chief executive officer of D-Wave Quantum Inc.,

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