Wildfires expose California insurance crisis; Meta, Amazon canal DEI; and the IRS defines tax season
Heritage economist EJ Antoni analyzes the December jobs report for ‘money making.’
Stocks fell after a stronger-than-expected jobs report, prompting fresh disappointment from the Federal Reserve.
-President-elect Trump lashed out at President Biden after an aggressive power grab
-Many Fortune 500 companies are abandoning DEI policies
-California’s wildfires have resulted in a major decline in insurance and the country’s disaster preparedness
-Within California’s broken car insurance laws
-The IRS reveals key dates for the 2025 tax season
LISTING OF STOCKS: US stocks ended Friday the lowest with the Dow Jones Industrial Average falling close to 700 points…lots of markets here. Bitcoin has also dropped significantly…LIVE cryptocurrency prices here.
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES QUANTITIES | 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…keep reading here.
VIDEO: Why the jobs report is a problem for the Fed.
NOT SO FAST: President-elect Trump promises to cancel President Biden’s new ban on drilling…keep reading here.
VIDEO: Trump talks about American energy independence.
DITCHING DEI: Facebook’s parent Meta is pushing back on corporate policies that promote DEI, or diversity, equity and inclusion…keep reading here. Soon after, Amazon did the same…keep reading here.
VIDEO: Major US companies are rapidly reversing DEI.
CALIFORNIA WILDFIRE CRISIS
CALIFORNIA CRISIS: Thousands of residents have lost everything in this week’s wildfires in and around the Palisades, and many are without insurance. As it turns out, the state may be to blame for insurers dropping coverage…keep reading here.
VIDEO: Investor Kevin O’Leary criticizes California Gov. Newsom like a wildfire is burning.
CALI: These insurers kissed California…keep reading here.
THE CALI FIRE IS WORSE AND: The California wildfires in January 2025 may go down as the costliest on record…keep reading here.
INSURANCE STOCKS
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| EVERYTHING | The company ALLSTATE CORP. | 181.02 | -10.79 |
-5.63% |
| CB | Company CHUBB LTD. | 257.71 | -8.94 |
-3.35% |
| TRV | 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 TIPS: WHAT YOU NEED TO KNOW
TAX SEASON 2025: The IRS has announced key dates for the upcoming tax season…keep reading here.
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