The devastating wildfires in Los Angeles County are expected to create a significant shock to the local housing market, potentially leading to a sharp increase in rental prices in an already undersupplied metro area with low vacancy rates, where rents have remained stagnant over the past year. As of now,

President-elect Donald Trump's Republican allies in the U.S. House of Representatives are working to gather support for a bill authorizing negotiations to purchase Greenland, according to a draft of the bill shared with potential co-sponsors on Monday. The legislation, titled the "Make Greenland Great Again Act,

Rep. Earl L. “Buddy” Carter (R-GA) introduced H.R. 25, the Fair Tax Act, aimed at replacing the current tax code with a national consumption tax known as the Fair Tax. The proposed legislation would abolish the existing tax system, replacing it with a single national consumption tax. This includes

Reporter: "[Regarding] the U.S. launching a preemptive strike on Iran. You said you don't want to answer that." Trump: "I don't talk about it. It's military strategy." Reporter: "But, it is a legitimate question." Trumo: "Well,

A prominent short-seller has accused used-car retailer Carvana of lax underwriting practices, accounting manipulation, and undisclosed transactions involving hundreds of millions of dollars with a related party. Carvana responded by labeling the report “intentionally misleading and inaccurate” in a statement to the press. Despite the company’s denial, its stock

Apple's board of directors has opposed a proposal aimed at ending the company’s Diversity, Equity, and Inclusion (DEI) initiatives. According to a proxy filing, the National Center for Public Policy Research, a conservative think tank, has submitted a proposal urging Apple to "consider abolishing its Inclusion

Nvidia, NVDA, CEO says "Elon Musk has an advantage [in AI]." Meanwhile, Hewlett Packard Enterprise (HPE) has secured a deal exceeding $1 billion USD (approximately $1.6 billion AUD) to supply Elon Musk's social media platform, X, with servers optimized for artificial intelligence workloads, Bloomberg News

The Chinese automaker BYD, known for its affordable electric vehicles, showcased the impressive capabilities of its high-end supercar, the $233,400 Yangwang U9, in a new video demonstrating its ability to "jump" over obstacles. In a video released Monday on BYD's Weibo account, the autonomously driven

Elon Musk predicts artificial intelligence (AI) will eventually replace all jobs—and sees that as a potentially positive development. “Probably none of us will have a job,” Musk said at a tech conference on Thursday while discussing the future impact of AI. Speaking remotely via webcam at VivaTech 2024 in

Diamonds might sparkle, but they're losing their luster as an investment. "Prices have fallen to their lowest level this century!" per Bank of America's "Diamond Price Index," which highlights a dramatic decline of over 35-40% since 2022. Surat: Ground Zero of the

Amazon.com is phasing out its diversity programs in anticipation of Republican Donald Trump’s return to the presidency, reflecting growing conservative opposition to such initiatives. In recent years, major U.S. corporations have scaled back diversity efforts they had previously championed, particularly following the 2020 protests sparked by the

In an interview published Wednesday, President Joe Biden expressed confidence that he could have defeated President-elect Donald Trump in the 2024 election but was uncertain about his ability to serve a full second term. “It’s presumptuous to say that, but I think yes,” Biden told USA Today when asked

Experts are raising alarms over a sharp rise in credit card loan defaults this year, cautioning that the strain of Americans’ record-high consumer debt could soon reach a breaking point. During the first nine months of 2024, lenders wrote off over $46 billion in seriously delinquent credit card loans, according

Donald Trump faced no punishment for his criminal conviction in the Manhattan hush money case, concluding a legal battle that has made him the nation’s first felon-turned-president. At Friday’s sentencing, a New York judge declined to impose prison time or fines after a jury convicted Trump of 34

Americans check their phones an average of 205 times a day, marking a 42.3% increase from last year. Millennials lead in frequency, attachment, and anxiety over phone use, while Gen Z spends the most daily time on their devices, averaging over six hours. PCMag reports: If you're

Bank of America, BAC, has said: We no longer expects more Fed rate cuts. Top Wall Street brokerages have adjusted their Federal Reserve rate cut forecasts following a strong U.S. jobs report on Friday, with BofA Global Research even suggesting the possibility of a rate hike. “We think the

California has implemented a one-year ban on insurers canceling or refusing to renew residential property policies in areas affected by the devastating wildfires that swept through Los Angeles this week. State Insurance Commissioner Ricardo Lara announced the mandatory moratorium, which applies to properties in neighborhoods or adjacent ZIP codes impacted

A leaked memo has revealed that Los Angeles Mayor Karen Bass recently demanded an additional $49 million in budget cuts from the city’s Fire Department, on top of the $17.6 million already slashed in her latest budget. The proposed cuts, coming just days before devastating wildfires swept through

Meta announced Friday that it is immediately ending its diversity, equity, and inclusion (DEI) programs, becoming the latest major corporation to step back from such initiatives. The decision impacts DEI-focused efforts in hiring, training, and supplier selection. In a memo to employees, Meta's Vice President of Human Resources,

A major reservoir in Pacific Palisades, integral to Los Angeles' water supply system, was offline during a devastating wildfire that destroyed thousands of homes and structures nearby. The Santa Ynez Reservoir, which has a 117-million-gallon capacity, had been drained for repairs to its cover, leaving it empty during the

Meta CEO Mark Zuckerberg, during an interview on Joe Rogan's podcast released Friday, alleged that his company faced pressure from the Biden administration to remove content related to Covid vaccine side effects. In the three-hour conversation, Zuckerberg stated that he is "pretty pro rolling out vaccines"

The United States has raised its reward to $25 million (£20.4 million) for information leading to the arrest of Venezuelan President Nicolás Maduro, coinciding with his inauguration for a controversial third six-year term. The ceremony was clouded by criticism from the international community and opposition leaders in Venezuela. The

President Joe Biden announced on Thursday that the federal government would cover 100% of the costs for the initial disaster response to the devastating wildfires in Los Angeles. Speaking from the White House during a meeting with federal officials, Biden stated that the funding would support debris removal, temporary shelters,

U.S. Senators Katie Britt (R-Ala.) and Rick Scott (R-Fla.), joined by their colleagues, have reintroduced the bipartisan Sunshine Protection Act. The proposed legislation seeks to end the biannual clock changes by making Daylight Saving Time (DST) the permanent, year-round standard across the United States. Senator Britt highlighted the strong

Germany and France have issued warnings to President-elect Donald Trump regarding his stance on Greenland, after Trump declined to rule out using military force to take control of the autonomous Danish territory. German Chancellor Olaf Scholz emphasized, "The principle of the inviolability of borders applies universally to every nation,