Heritage economist EJ Anthony analyzes December’s “Making Money” jobs report.
Stocks fell after a stronger-than-expected jobs report, sparking new headwinds for the Federal Reserve
– President-elect Trump criticized President Biden after his aggressive move on energy drilling
-More Fortune 500 companies are abandoning DEI policies
– California wildfires exposed massive gaps in national disaster insurance and preparedness
– Inside California’s Broken Insurance Regulation
– The IRS sets key dates for the 2025 tax season
Stock sinking: US stocks fell sharply at the close on Friday, with the Dow Jones Industrial Average falling nearly 700 points.…More about the markets here. Bitcoin also trended sharply lower…Live cryptocurrency prices here.
| tape | protection | last | It changes | % changes |
|---|---|---|---|---|
| Me: DJI | Dow Jones averages | 41938.45 | -696.75 |
-1.63% |
| SP500 | Standard & Poor’s 500 | 5827.04 | -91.21 |
-1.54% |
| Me: comp | Nasdaq Composite Index | 19161.627517 | -317.25 |
-1.63% |
Investors were not impressed by the stronger-than-expected December jobs report. Here’s why…Continue reading here.
video: Why is the jobs report a problem for the Fed?
Not so fast: President-elect Trump promised to rescind President Biden’s new ban on drilling…Continue reading here.
video: Trump talks about America’s energy independence.
Trench day: Meta, Facebook’s parent company, is reconnecting with company policies that promote DEI, or Diversity, Equity, and Inclusion…Continue reading here. Shortly after that, Amazon did something similar…Continue reading here.
video: Big US companies are rapidly reversing the DEI trend.
California wildfire crisis
California crisis: Thousands of residents lost everything in the wildfires that raged this week in and around the Palisades area, and many of them are not insured. As it turns out, the state may be to blame for insurance companies dropping coverage…Continue reading here.
video: Investor Kevin O’Leary criticizes California Governor Newsom as wildfires rage.
Getting rid of Kale: These Insurance Companies Kissed California Goodbye…Continue reading here.
The most expensive Cali fire ever: The January 2025 California wildfires could be the costliest in history…Continue reading here.
Insurance stocks are sinking
| tape | protection | last | It changes | % changes |
|---|---|---|---|---|
| everyone | Allstate Company | 181.02 | -10.79 |
-5.63% |
| CB | CHEP LIMITED. | 257.71 | -8.94 |
-3.35% |
| luxury | The Travelers Cos., Inc. | 232.43 | -10.34 |
-4.26% |
| American International Group | American International Group | 70.50 | -0.93 |
-1.30% |
| MCY | Mercury General Company | 48.63 | -12.07 |
-19.88% |
2025 tax season: The IRS has announced key dates for the upcoming tax season…Continue reading here.
Don’t miss: FOX Business Rundown Podcast – More podcasts here.
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