Wildfires Reveal Insurance Crisis in California; Target, Amazon Trench DEI; and the Tax Administration outlines the tax season
Heritage economist EJ Antoni analyzes the December job report on the topic ‘Making money’.
Stocks fell after a better-than-expected jobs report, creating new problems for the Federal Reserve
– President-elect Trump lashed out at President Biden after an aggressive move on energy drilling
– More Fortune 500 companies are abandoning DEI policies
-The wildfires in California have exposed major lapses in national disaster insurance and preparedness
-Within California’s broken insurance regulations
– The Tax Administration outlines the key dates for the 2025 tax season
TONU SHARES: US stocks ended sharply lower on Friday, with the Dow Jones Industrial Average falling nearly 700 points…more about markets here. Bitcoin also fell sharply…LIVE cryptocurrency prices here.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | 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 vows to reverse President Biden’s new drilling ban…continue reading here.
VIDEO: Trump talks about American energy independence.
DITCHING DEI: Facebook parent Meta rejects corporate policies that promote DEI, or diversity, equality and inclusion…continue reading here. Soon after, Amazon did something similar…continue reading here.
VIDEO: Big US companies are quickly reversing DEI.
CALIFORNIA’S FIRE CRISIS
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 could be to blame for insurers dropping coverage…continue reading here.
VIDEO: Investor Kevin O’Leary has slammed California Governor Newsom as wildfires rage.
CALI WAIVER: These insurers welcomed California…continue reading here.
THE MOST EXPENSIVE CALI FIRE EVER: The fires in California in January 2025 could go down as the costliest in history…continue reading here.
TONU INSURANCE SHARES
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| ALL | ALLSTATE CORP. | 181.02 | -10.79 |
-5.63% |
| CB | CHUBB LTD. | 257.70 | -8.95 |
-3.36% |
| TRV | THE TRAVELERS COS. INCH. | 232.43 | – 10:34 a.m |
-4.26% |
| AIG | AMERICAN INTERNATIONAL GROUP INC. | 70.50 | -0.93 |
-1.30% |
| MCY | MERCURY GENERAL CORP. | 48.64 | – 12.05 |
-19.86% |
TAX ADVICE: WHAT YOU NEED TO KNOW
TAX SEASON 2025: The Tax Administration has announced key dates for the upcoming tax season…continue reading here.
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