State California Financial News

15.01 / 13:25
UPS Citi Waters Southern Experts Universities mountaineering Trump’s claim Canada’s water would stop L.A. fires ‘preposterous’: experts
deadly and historically destructive wildfires, U.S. president-elect Donald Trump has made what experts call “preposterous” and false claims that California could have avoided the disaster by allowing water from Canada to flow through the state.Trump, who has fixated on California’s water management issues before and has raised them once again amid the fires, reiterated his claim about Canadian water in an interview with Newsmax Monday evening.“You know, when I was president, I demanded that this guy, the governor (of California), accept the water coming from the north, from way up in Canada,” Trump said.“It flows down right through Los Angeles.
15.01 / 03:25
markets UPS Strategy social outbreak evacuation Dire fire warning for LA area pushed back as winds ease
National Weather Service pushed back its unusually dire warning of critical fire weather until early the following day.
14.01 / 22:09
markets Provident Digital Strategy Experts band PAM Google-backed Pixxel launches Fireflies, India’s first private satellite constellation
Pixxel, a five-year-old startup, launched the first three commercial satellites of its Firefly constellation on Tuesday night. The Bengaluru-based hyperspectral imaging and Earth Observation (EO) startup plans to launch a total of 18 satellites in its constellation, providing critical climate and Earth insights to industries globally.
14.01 / 13:01
UPS Waters Extreme Fighting Southern Eaton L.A. officials fear more fires as crews prepare for extreme winds
Subscribe to enjoy similar stories. A new blaze sparked up in Southern California and nearly 13 million people were under critical or extreme fire warnings, underlining the task still facing fire crews and emergency responders in the weeklong fight against rampant wildfires. Further evacuation orders were issued overnight in Ventura County, northwest of Los Angeles, as a fire raged.
14.01 / 12:19
markets Analysis Southern Moodys community wellness Mercury Which insurance companies have the most exposure in California?
‘Barron’s Roundtable’ panelists Alissa Coram, Ben Levisohn and Al Root discuss the top three stories investors should know from the week.
14.01 / 06:23
UPS Citi Extreme BAY Eaton Luna Bleak images of L.A. wildfire damage emerge as California braces for more wind
Despite a weekend reprieve from the dangerously high winds that have fanned wildfires in Los Angeles and surrounding California areas over the past week, officials say the winds are set to return this week and will jeopardize efforts to extinguish two massive fires that have already levelled entire neighbourhoods and killed at least two dozen people.
14.01 / 03:15
markets Action Strategy Instagram PAM social Courts US Supreme Court rebuffs Meta bid to avoid advertisers' lawsuit
US Supreme Court declined on Monday to hear a bid by Meta Platforms to avoid a multi-billion dollar class action by advertisers that accused the Facebook and Instagram parent company of overcharging them by inflating the number of people their ads might reach. The justices turned away Meta's appeal of a lower court's decision that let advertisers seek damages as a group over Meta's claims about the «potential reach» of their ads.
14.01 / 03:15
markets Waters Platform Strategy social Videos California governor Gavin Newsom spars with Musk over wildfire 'lies'
Gavin Newsom has accused tech billionaire Elon Musk of spreading «lies» about the state's response to deadly wildfires ravaging Los Angeles, escalating their online row over swirling misinformation.
14.01 / 00:03
JPMorgan Analysis Southern wellness stars reports evacuation California wildfires: Insured losses could top $30B, Wells Fargo analysis finds
 Million Dollar Listing Los Angeles star Josh Flagg discusses evacuating Los Angeles amid the flames on The Claman Countdown.
13.01 / 18:15
Citi Waters Death Eaton reports Department evacuation Los Angeles wildfires: Deaths rise to 24 as more fierce winds expected
After a weekend spent blocking the explosive growth of fires that destroyed thousands of homes and killed at least 24 people in the Los Angeles area, firefighters got a slight break with calmer weather but cast a wary eye on a forecast for yet more wind.
13.01 / 17:55
markets Platform Action Instagram social Courts No relief to Meta Platforms from advertisers' lawsuit
US Supreme Court declined on Monday to hear a bid by Meta Platforms to avoid a multi-billion dollar class action by advertisers that accused the Facebook and Instagram parent company of overcharging them by inflating the number of people their ads might reach. The justices turned away Meta's appeal of a lower court's decision that let advertisers seek damages as a group over Meta's claims about the «potential reach» of their ads.
13.01 / 14:29
COST UPS Compilation economy Boxing electronic Why you may be paying to help make the mattress industry more eco-friendly
Consumers in a handful of states are paying to help make the mattress industry more eco-friendly — and more states may follow suit?
13.01 / 01:59
markets Extreme Assurant Death Eaton evacuation Los Angeles fires: 16 dead, 16 missing; red flag warning issued for dangerous week ahead
The National Weather Service has issued red flag warnings for critical fire conditions through Wednesday, predicting wind gusts up to 113 kilometers per hour in the mountains. “You’re going to have really strong gusty Santa Ana winds, a very dry atmosphere and still very dry brush, so we still have some very critical fire weather conditions out there,” said meteorologist Rich Thompson. The Los Angeles County Sheriff, Robert Luna, confirmed 12 people are missing in the Eaton Fire zone and four in the Palisades Fire zone, with the possibility of more unreported cases. The coroner’s office attributed five deaths to the Palisades Fire and 11 to the Eaton Fire. Officials anticipate the death toll may rise as search teams with cadaver dogs continue to work in the devastated neighborhoods.
12.01 / 19:37
Landmark community Celebrity show stars reports inequality The California wildfires could be leaving deeper inequality in their wake
The sight of celebrity mansions and movie landmarks reduced to ashes can make it seem like the wildfires roaring through the Los Angeles area affected a constellation of movie stars
12.01 / 15:37
markets Digital CEO Strategy Experts PAM reports Kohl's Store Closures: Everything we know about company’s move, what will happen to employees and affected stores list
underperforming stores and an e-commerce fulfillment center. These changes will take effect by mid-2025.
12.01 / 15:37
markets Digital Strategy Trade PAM country social Trudeau's counter-offer to Trump’s 51st state proposal: How about Vermont or California?
The comment, which Trudeau described during a recent MSNBC appearance on Thursday, was clearly meant to defuse the tension. However, Trump didn’t seem to find it humorous. In fact, according to Trudeau, the conversation quickly shifted to a more concerning topic: Trump's plan to impose steep tariffs on Canadian goods, a move that could escalate trade tensions between the two countries.
12.01 / 09:47
markets Digital Strategy Apple PAM Diversity recommendations Apple wants to keep diversity programs disavowed by other US firms
Apple's board of directors has recommended shareholders vote against a proposal to end the company's diversity, equity and inclusion (DEI) programs, going against the grain of decisions by other large US corporates. The National Center for Public Policy Research, a conservative think tank, proposed Apple shareholders consider ending the firm's DEI program to prevent lawsuits following a 2023 Supreme Court's ruling against affirmative action in universities. But the Apple board has recommended voting against the proposal when it meets late this month.
12.01 / 08:11
markets SUN Strategy Celebrity PAM reports Man who won £1.67 billion in Powerball jackpot loses $3.8 million mansion in LA fires
Edwin Castro, who made headlines after winning the world’s largest-ever Powerball jackpot worth $2.04 billion, has seen his luxurious Malibu beachfront home completely destroyed by the Palisades fire. According to The New York Post, the fire left only the concrete pillars and charred remains of what was once a $3.8 million property. Images obtained by The US Sun show the desolation left behind, with just the foundations and planks of wood visible where Castro’s mansion once stood. What was once a high-end retreat now lies in ruins after the fire tore through the region. After his record-breaking win in November 2022, Castro, 31, made several luxury property acquisitions. The Malibu property was just one of them. He also purchased a $25.5 million mansion near the iconic Chateau Marmont in West Hollywood, a $47 million Bel Air estate, and a $4 million Japanese-style home in Altadena, located around 25 miles from Los Angeles.

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