Wildfires expose California's insurance crisis. Meta, Amazon ditch DEI; And the IRS determines the tax season


Stocks tumbled after a stronger-than-expected jobs report, sparking fresh problems for the Federal Reserve.

President-elect Trump blasted President Biden after aggressive action on energy drilling.

-More than 500 Fortune 500 companies opt out of DEI policies

The California wildfires exposed widespread deficiencies in national disaster preparedness and insurance

-Within the California Broken Insurance Act

– The IRS outlines key dates for the 2025 tax season

stock sink: US stocks hit 700 points on Friday as the Dow Jones fell sharply.More in markets here Bitcoin also fell sharply…Live cryptocurrency prices here.

ticker security the last change change %
Me: DJ Dow Jones Average 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 has promised to reverse Biden's new ban on drilling…Continue reading here

Video: Trump talks about America's energy independence.

Drilling day: Facebook's meta mother is calling for corporate policies to promote DEI, or diversity, equity and inclusion…Continue reading here Shortly after, Amazon did something similar…Continue reading here

Video: Big American companies are quickly reversing the DEI.

Fire crisis in California

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 government may be to blame for insurers dropping coverage…Continue reading here

Video: Investor Kevin O'Leary criticizes California Governor Newsom over wildfires.

Kali ditching: These insurers kissed California…Continue reading here

The most expensive Kali fire ever: The California wildfires of January 2025 may be the most expensive wildfires in historyContinue reading here

Insurance stocks sink

ticker security the last change change %
everyone ALLSTATE COMPANY. 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 tips: what we need to know

Tax season 2025: The IRS announced key dates for the upcoming tax season…Continue reading here

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