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L.A. wildfire victims face financial anxiety amid recovery: ‘The uncertainty is very
Homes burn above Pacific Coast Highway during the Palisades Fire on Jan. 8, 2025, in Pacific Palisades, Calif. Photo by Jeff Gritchen/MediaNews Group/Orange County Register via Getty ImagesAlicia Kalvin awoke the morning of Jan. 7 to an…
AI chatbots emerged as a go-to tool for holiday shoppers. What that means for our retail
There's a new shopping sidekick in town: generative AI. Looking for gift ideas and bargains, online shoppers flocked to artificial intelligence chatbots in droves this holiday season. Retailers reaped the benefits, particularly portfolio…
Tesla fourth-quarter results miss estimates as automotive revenue drops 8%
Tesla and SpaceX CEO Elon Musk takes his seat at the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Saul Loeb | AFP | Getty ImagesTesla…
New York City office demand is finally back to normal
Demand for New York City office space has finally returned to pre-pandemic levels, driven by an influx of new workers as well as a drive by employers to see current workers return to the office.During the fourth quarter, office demand in…
Here’s what Trump’s tariff threats look like on the ground in China
As President Donald Trump threatens to impose his first tranche of tariffs on the world Saturday, Chinese manufacturers are bracing for impact.Though Trump is proposing his biggest initial swing at Canada and Mexico with a proposed 25%…
Trump’s threat for 25% tariffs on Mexico and Canada is challenging the auto industry
A car carrier trailer waits in line next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025.Guillermo Arias | AFP | Getty ImagesDETROIT — As…
Pending home sales drop sharply in December as mortgage rates surge back over 7%
Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors.The drop followed four straight months of gains and the index…
UPS shares tank 14% after weak guidance, plan to slash Amazon deliveries by more than
Amazon Prime and UPS trucks are seen in Washington, D.C., on July 12, 2024.Jakub Porzycki | Nurphoto | Getty ImagesShares of United Parcel Service closed down 14% Thursday after the company issued weak revenue guidance for the year and…
Former Tesla board member says stock ‘might be a sell’ unless it meets 2 key targets
Tesla urgently needs to meet two key targets to justify its valuation or investors should sell the stock, the company's former board member Steve Westly told CNBC on Thursday. Westly, founder of venture fund The Westly Group, said…
The Federal Reserve holds interest rates steady: Here’s what that means for your money
The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to run above the Fed's 2% mandate.The move comes after the central bank cut its benchmark interest rate by a full percentage point last…