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LA Times Owner: 'Mistake' to Endorse Mayor Bass

LA Times Owner: 'Mistake' to Endorse Mayor Bass
A fire engine drives through a road on January 13, 2025 in Altadena, Los Angeles. (Zhang Shuo/AP)
Street Talk
Dow Rises 220 Points, While S&P, Nasdaq End Flat
Dow Rises 220 Points, While S&P, Nasdaq End Flat
The S&P 500 closed nearly unchanged while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.S. economy.... [Full Story]
Meta to Lay Off 3,600 Workers for Poor Performance

Meta to Lay Off 3,600 Workers for Poor Performance

Meta plans to dismiss approximately 3,600 employees identified as low [Full Story]
USDA: Insects, Slime at Boar's Head Plants

USDA: Insects, Slime at Boar's Head Plants

Government inspectors documented unsanitary conditions at several [Full Story]
US Posts Record $711B Deficit for Q1, Fiscal 2025

US Posts Record $711B Deficit for Q1, Fiscal 2025

The U.S. government posted an $87 billion budget deficit in December, [Full Story]
LA Times Owner: Mayor Bass Support 'a Mistake'

LA Times Owner: Mayor Bass Support 'a Mistake'

Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles [Full Story]
Musk, Bezos, Zuckerberg to Attend Inauguration

Musk, Bezos, Zuckerberg to Attend Inauguration

Elon Musk, Jeff Bezos and Mark Zuckerberg are attending Monday's [Full Story]
500K 'TikTok Refugees' Flock to China's RedNote

500K 'TikTok Refugees' Flock to China's RedNote

New users have piled in to Chinese social media app RedNote just days [Full Story]
US Regulators Urge Banks to Aid Wildfire Victims

US Regulators Urge Banks to Aid Wildfire Victims

U.S. banking regulators said in a statement they would support [Full Story]
Trump Announces 'External Revenue Service'

Trump Announces 'External Revenue Service'

President-elect Donald Trump announced the creation of a new [Full Story]
Wildfires Take Down California's Elite Political Class

Wildfires Take Down California's Elite Political Class

Don't tell me no one saw this coming. State Farm discontinued [Full Story]
MSNBC President Resigns Amid Declining Ratings

MSNBC President Resigns Amid Declining Ratings

Rashida Jones, the president of MSNBC, announced Tuesday she is [Full Story]
Ozempic Costs Could Rise in Trump's Quest for Greenland

Ozempic Costs Could Rise in Trump's Quest for Greenland

Should President-elect Donald Trump follow through on his threat to [Full Story]
Democrats Not the Party of Democracy

Democrats Not the Party of Democracy

When Donald Trump is sworn in next week, America will have a [Full Story]
Bird Flu Kills 20M Chickens, Drives High Egg Prices

Bird Flu Kills 20M Chickens, Drives High Egg Prices

A deadly bird flu outbreak has wreaked havoc on U.S. chicken farms, [Full Story]
LA Money Managers Grapple With Wildfires

LA Money Managers Grapple With Wildfires

Los Angeles-based asset management firms are grappling with the [Full Story]
Wholesale Inflation Rises Moderately in December

Wholesale Inflation Rises Moderately in December

U.S. producer prices increased moderately in December, but that is [Full Story]
The Tech Selloff: A Golden Opportunity in the AI Era

The Tech Selloff: A Golden Opportunity in the AI Era

The Nasdaq Composite dipped 0.38% Monday, with some of last year's [Full Story]
Trump Team Considers Gradual Tariff Hikes

Trump Team Considers Gradual Tariff Hikes

President-elect Donald Trump's economic team is weighing escalating [Full Story]
Robust Economy May Not Need Trump Reforms

Robust Economy May Not Need Trump Reforms

U.S. President-elect Donald Trump campaigned on promises of [Full Story]
US Lawmakers Urge Biden to Extend TikTok Deadline

US Lawmakers Urge Biden to Extend TikTok Deadline

Two Democrat lawmakers urged Congress and President Joe Biden to [Full Story]
Populist Mandate Brought 2nd American Revolution

Populist Mandate Brought 2nd American Revolution

Moral courage has become the least abundant trait among politicians. [Full Story]
Futures Climb as Investors Eye Inflation, Earnings

Futures Climb as Investors Eye Inflation, Earnings

U.S. stock index futures rose Tuesday, supported by falling Treasury [Full Story]
Biden Finalizes US Crackdown on Chinese Vehicles

Biden Finalizes US Crackdown on Chinese Vehicles

President Joe Biden's outgoing administration is finalizing rules [Full Story]
FTC: Pharmacies Inflated Drug Prices for $7.3B Gain

FTC: Pharmacies Inflated Drug Prices for $7.3B Gain

The nation's three largest pharmacy benefit managers have [Full Story]
More Street Talk
Insiders
Nigel Green
Nigel Green
The Tech Selloff: A Golden Opportunity in the AI Era
The Nasdaq Composite dipped 0.38% Monday, with some of last year's biggest winners - Palantir and Nvidia -... [Full Story]
Michael Busler
Michael Busler
College's Declining Value Leads to Low Enrollments
A recent study among faculty and students asked if the cost of higher education is a major issue.... [Full Story]
George Mentz
George Mentz
The Legal Implications of Biden's Pardons, Orders
As a lawyer, I see that real concerns have been raised about the capacity of President Joe Biden or Kamala... [Full Story]
Lauren Fix
Lauren Fix
Don't Get SCAMMED By Fake Parking Tickets!
The Car Coach®
Beware there is a new parking ticket scam that if coming for your wallet. This new phishing scam is making... [Full Story]
Peter Morici
Peter Morici
Mass Deportations Would Destroy the Economy, Drive Inflation Through the Roof
Twitter @pmorici1
Economic constraints and public sentiments often require successive politicians to walk back or moderate how... [Full Story]
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