L.A. rents reach $40,000 a month as fires ravage the housing market
“What’s happening in the real estate market is disgusting.” Read more Source link
Category: Business News
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Bitcoin returns to $100,000 as December inflation data puts Fed rate cut ‘on the table’
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Both Trump and Biden waste no time in claiming responsibility for the Gaza ceasefire. One expert calls it “ironic”
Biden said the agreement was the result of “persistent and painstaking American diplomacy.” Trump said it only happened because he won the election. Read more Source link
Elon Musk’s SpaceX is still causing flight delays years after one rocket launch grounded 563 planes
SpaceX’s 2018 Falcon Heavy launch caused 4,645 minutes, or more than 77 hours, of commercial flight delays. Read more Source link
What this tech founder wishes he knew when his house burned down: ‘Time is the most valuable thing’
“You don’t need to lose three years of your life because a bad thing happened,” says Matt Watson, founder and CEO of personal finance app Origin. Read more Source link
Nvidia CEO says AI chipmaker ‘looks forward’ to Trump return as Biden administration proposes curbs on computer chip sales
Nvidia’s vice president of government affairs, Ned Finkle, released a seven-paragraph statement criticizing the rule. Read more Source link
Porsche’s crisis calls again for CEO Oliver Blume to give up his dual role at Volkswagen
Rising costs, declining vehicle sales and problems in China are increasing pressure on Oliver Blume to relinquish one of his two CEO posts. Read more Source link
Gen Xers expect to continue working longer than they planned – and will be the first generation to retire with less financial security than their parents, grandparents
How we deal with what lies ahead for Generation X will set the precedent for decades and generations to come. Read more Source link
Bond yields are rising — and that could be a problem for Trump
If there is a revolt in the bond market, some think it will prompt the president-elect to deliver watered-down versions of his campaign promises. Read more Source link
Mark Zuckerberg warns Meta staff of an ‘intense year’ ahead and announces that underperformers will be fired
Mark Zuckerberg takes aim at Meta’s poor results. The CEO told employees to prepare for an “intense year” in an internal memo announcing the layoffs. Read more Source link