Heritage economist EJ Antony analyzes the December jobs report on ‘Making Money’.
Stocks fall after stronger-than-expected jobs report raises new troubles for the Federal Reserve
-President-elect Trump attacks President Biden after aggressive move on energy drilling
-More Fortune 500 companies are abandoning DEI policies
-California wildfires expose massive flaws in insurance and preparedness for national disasters
-Inside California’s broken insurance regulation
-IRS outlines key dates for 2025 tax season
Stock Sync: US stocks closed sharply lower on Friday with the Dow Jones Industrial Average falling nearly 700 points.,More information on markets here. Bitcoin is also trending down rapidly…Live cryptocurrency prices here.
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| Me:DJI | dow jones average | 41938.45 | -696.75 |
-1.63% |
| SP500 | S&P 500 | 5827.04 | -91.21 |
-1.54% |
| I: comp | nasdaq composite index | 19161.627517 | -317.25 |
-1.63% |
Investors didn’t like the stronger-than-expected December jobs report. here’s why…Continue reading here.
Video: Why is the jobs report problematic for the Fed?
not so fast: President-elect Trump is promising to rescind President Biden’s new ban on drilling…Continue reading here.
Video: Trump talks about American energy independence.
I ate it: Facebook’s parent company is rolling back corporate policies that promote meta DEI, or diversity, equity and inclusion…Continue reading here. Soon after this Amazon did something similar…Continue reading here.
Video: Large American companies are increasingly turning to DEI.
California wildfire crisis
California crisis: Thousands of residents lost everything they owned in this week’s wildfires in and around the Palisades, and many are uninsured. As it turns out, the state may be to blame for insurers dropping coverage…Continue reading here.
Video: Investor Kevin O’Leary criticized California Gov. Newsom as wildfires rage.
Ditch Kelly: These insurers said goodbye to California…Continue reading here.
Most expensive Cali fire ever: California wildfires in January 2025 could be recorded as the costliest in history,Continue reading here.
insurance stocks sank
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| All | Allstate Corp. | 181.02 | -10.79 |
-5.63% |
| CB | Chubb Limited. | 257.70 | -8.95 |
-3.36% |
| TRV | Travelers Company Inc. | 232.43 | -10.34 |
-4.26% |
| AIG | American International Group Inc. | 70.50 | -0.93 |
-1.30% |
| MCY | Mercury General Corporation | 48.64 | -12.05 |
-19.86% |
Tax Season 2025: The IRS announced key dates for the upcoming tax season…Continue reading here.
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