By STAN CHOE, Associated Press NEW YORK (AP) — What’s shaking Wall Street seems so backwards. Swings in the bond market recently sent the yield on the 10-year Treasury above 4.80% and its highest level since 2023. That’s injected nervousness into the U.S. stock market and knocked indexes off their records. The bond market’s moves…
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By ALAN SUDERMAN, Associated Press WASHINGTON (AP) — The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week. Once a skeptic who said a few years ago that bitcoin “ seems like a scam,” Trump has…
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By Amancai Biraben, correspondent How will all the tons of debris left behind by Los Angeles County’s unprecedented wildfires be dealt with? Where will it go? The answer is complicated, but the process is coming together and much of the work is under way. Aiming to stem the flow of toxic materials in the aftermath…
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Southern California homebuying will have suffered its second-worst year on record when the final tally for 2024 is done. My trusty spreadsheet reviewed 37 years of CoreLogic’s regional transaction data and found 160,585 closed sales of existing and new residences in 2024’s first 11 months. Going back to 1988, that’s the second-slowest sales pace in…
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Before we elicit insults and outrage, let’s acknowledge the givens: Firefighters do dangerous, difficult work and they should be paid well for it. It’s unlikely heaven itself could have gotten in front of the wind-whipped fires that have ravaged L.A. Problems with electricity and water pressure likely played a part in the devastation, as did…
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By MICHELLE CHAPMAN, Associated Press Business Writer Capital One is continuing to experience a disruption to its service on Friday, with some customers frustrated that they are unable to see their deposits. As of 8:04 a.m. Eastern, there were nearly 3,400 reports of outages, according to Downdetector. That’s up from around 2,100 reports early Thursday.…
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By MARK KENNEDY and PAN PYLAS, Associated Press LONDON (AP) — Award-winning British actor Joan Plowright, who with her late husband Laurence Olivier did much to revitalize the U.K.’s theatrical scene in the decades after World War II, has died. She was 95. In a statement Friday, her family said Plowright died the previous day…
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By CHRIS MEGERIAN, Associated Press WASHINGTON (AP) — President Joe Biden announced Friday that the Equal Rights Amendment should be considered a ratified addition to the U.S. Constitution, inserting himself into a long-running legal battle over gender equality. “It is long past time to recognize the will of the American people,” Biden said in a statement. “In…
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President-elect Donald Trump just wants a number. That’s what the incoming president told a group of House Republicans who recently traveled to his Mar-a-Lago estate in Florida to pitch him on the idea of lifting the cap on state and local tax deductions, according to one of the GOP House members in the room. Commonly…
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By MARK SHERMAN WASHINGTON (AP) — The Supreme Court on Friday unanimously upheld the federal law banning TikTok beginning Sunday unless it’s sold by its China-based parent company, holding that the risk to national security posed by its ties to China overcomes concerns about limiting speech by the app or its 170 million users in…
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