The devastating California wildfires have reportedly led to illegal price gouging by landlords who are significantly raising rental prices for the tens of thousands of displaced residents, according to U.S. media reports. Since the wildfires began last Tuesday, over 150,000 residents have been evacuated from the Los Angeles

almart CEO Doug McMillon sees food inflation ticking up as we head into 2025, but he noted that consumers have proven more resilient than retailers initially expected. McMillon made these comments at the 2024 Morgan Stanley Global Consumer and Retail Conference on Tuesday, expressing disappointment at the resurgence of climbing

JPMorgan Chase, JPM, has disabled an internal website about a five-day return to office policy after dozens of employees criticized the move. JPMorgan Chase’s decision to implement a full-time return-to-office policy has triggered significant employee pushback, prompting the company to disable comments on the internal webpage where the policy

Per Morningstar: As you’ve likely heard, the SEC recently approved the creation of bitcoin exchange-traded funds (ETFs). Before this decision, bitcoin buyers had two main options: create “wallets” on cryptocurrency exchanges or purchase shares of the Grayscale Bitcoin Trust (GBTC). The latter option had significant drawbacks. Unlike ETFs, which

Read their full report: For decades, leadership in computing and software ecosystems has been a cornerstone of American strength and influence worldwide. The federal government has wisely refrained from dictating the design, marketing and sale of mainstream computers and software — key drivers of innovation and economic growth. The first Trump

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