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Heritage economist EJ Antoni analyzes the December work report on ‘Earning money’.
Stocks fall after stronger-than-expected jobs report sparks fresh headwinds for Federal Reserve
-President-elect Trump attacked President Biden after an aggressive move on energy drilling
-More Fortune 500 companies abandon DEI policies
-California wildfires exposed massive lapses in insurance and national disaster preparedness
-Inside California’s broken insurance regulation
-IRS sets key dates for 2025 tax season
STOCK FUNNEL: US stocks ended Friday sharply lower with the Dow Jones Industrial Average falling nearly 700 points…more on the markets here. Bitcoin also trended down…Live cryptocurrency prices here.
| Ticker | security | last | to change | % change |
|---|---|---|---|---|
| And: DJI | DOW JONES MEDIA | 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 the jobs report is problematic for the Fed.
NOT SO FAST: President-elect Trump vows to rescind President Biden’s new ban on drilling…continue reading here.
VIDEO: Trump talks about America’s energy independence.
DAY OF THE EXCURSION: Facebook parent Meta is rolling back corporate policies that promote DEI, or diversity, equality and inclusion…continue reading here. Shortly after, Amazon did something similar…continue reading here.
VIDEO: Big American companies are rapidly reversing DEI.
CALIFORNIA FIRE CRISIS
CALIFORNIA CRISIS: Thousands of residents lost everything in this week’s wildfires in and around the Palisades, and many are uninsured. As a result, the state may be to blame for insurers dropping coverage…continue reading here.
VIDEO: Investor Kevin O’Leary slams California Gov. Newsom as wildfires rage.
DITCHING HEAT: These insurers said goodbye to California…continue reading here.
THE COSTEST KALI FIRE EVER: The California wildfires of January 2025 may be the costliest on record…continue reading here.
INSURANCE STOCKS BURN
| Ticker | security | last | to change | % change |
|---|---|---|---|---|
| EVERYONE | ALLSTATE CORP. | 181.02 | -10.79 |
-5.63% |
| CB | CHUBB LTD. | 257.70 | -8.95 |
-3.36% |
| TRV | THE TRAVELERS COS INC. | 232.43 | -10.34 |
-4.26% |
| AIG | AMERICAN INTERNATIONAL GROUP INC. | 70.50 | -0.92 |
-1.29% |
| MCY | MERCURY GENERAL CORP. | 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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