Wildfires expose California’s insurance crisis; Meta, Amazon ditch DEI; and IRS outlines tax season
Heritage economist EJ Antoni analyzes the December jobs report on “Making Money.”
Stocks fell after a stronger-than-expected jobs report sparked fresh headwinds for the Federal Reserve.
– President-elect Trump criticized President Biden after the aggressive step of energy drilling.
More Fortune 500 companies are opting out of DEI policies
-The California wildfires exposed huge gaps in insurance and national disaster preparedness
-Within California’s Tort Insurance Regulations
– IRS outlines key dates for 2025 tax season
REQUIREMENTS SINK: US stocks fell sharply on Friday, with the Dow Jones Industrial Average down nearly 700 points…more on the markets here. Bitcoin has also fallen sharply…LIVE cryptocurrency prices here.
| Ladies | Safety | Last: | Change | change % |
|---|---|---|---|---|
| I’m DJI | DOW JONES AVERAGES | 41938.45 | -696.75 |
-1.63% |
| SP500 | S&P 500: | 5827.04 | -91.21 |
-1.54% |
| I: COMPUTER | 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 promises to reverse President Biden’s new drilling ban…continue reading here.
VIDEO: Trump talks about American energy independence.
TESTING DAYS. Facebook parent Meta is rolling back corporate policies that promote DEI, or diversity, equity and inclusion…continue reading here. Soon after, Amazon did something like this…continue reading here.
VIDEO: Major US companies are quickly pushing back against DEI.
CALIFORNIA’S FOREST FIRE CRISIS
CALIFORNIA CRISIS. Thousands of residents lost everything 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 slams California Governor Newsom as wildfires rage
DITCHING CALI. These insurers said goodbye to the California…continue reading here.
THE MOST EXPENSIVE CLAY FIRE EVER. In January 2025, the California wildfires could be the costliest in history…continue reading here.
INSURANCE REQUIREMENTS ADVISED
| Ladies | Safety | Last: | Change | change % |
|---|---|---|---|---|
| ALL | ALLSTATE CORP. | 181.02: | -10.79 |
-5.63% |
| CB: | CHUBB LTD. | 257.71 | -8.94 |
-3.35% |
| 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 has announced key dates for the upcoming tax season…continue reading here.
WATCH FOXBUSINESS ON THE NETWORK HERE
DO NOT OPEN. FOX Business Rundown Podcast – more podcasts here.
FOX Business podcasts (Fox Business)
NEXT.
– Looking for more business and market?–moving titles. Find more from FOX Business here.
– Want live updates? Get the FOX Business app here.
– Did someone forward this letter to you? Subscribe additional newsletters From Fox News and FOX Business here.
English