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California wildfire insurance chaos, dumping DEI and IRS tax season

Stocks tumbled after a stronger-than-expected jobs report, raising new headwinds for the Federal Reserve -President-elect Trump lashed out at President Biden after an aggressive move on energy drilling  -More Fortune 500 companies are ditching DEI policies  -California wildfires exposed massive lapses in insurance and preparedness for national disasters -Inside California’s broken insurance regulation  -The IRS

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Dockworkers’ union, employers avert strike after reaching tentative deal

The labor union representing some 45,000 U.S. dockworkers reached a tentative agreement with port employers on Wednesday, averting a strike at East and Gulf Coast ports later this month. In a joint statement, the International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced they reached an agreement on a six-year Master Contract, which

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Chick-fil-A’s lemon-squeezing robots cut over 10,000 labor hours per day: report

Atlanta, Georgia-based Chick-fil-A Inc. is cutting nearly 10,000 hours of work per day at its locations through the automation of lemon squeezing, which produces the juice used in one of the fast-food chain’s most popular drinks, according to reports. Bloomberg reported the company, which branded the slogan “Eat more chicken,” has a plant just north

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AT&T to offer customers bill credits for network outages

Telecom giant AT&T on Wednesday announced that it will offer bill credits to customers who are affected by network outages as part of an initiative to attract customers in the wake of the industry experiencing several significant disruptions last year. In February 2024, AT&T was hit with a nationwide wireless service disruption that lasted more than

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Toyota to invest over $44M in rocket company

Toyota’s mobility subsidiary will invest $44.3 million into a Japanese rocket company. Interstellar Technologies (IST) is slated to receive Woven by Toyota’s multimillion-dollar investment “by the first close” of its Series F fundraising, the rocket company said Tuesday. It also announced a “business alliance” with Toyota. IST said it “aims to leverage automotive industry expertise,

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Ford Mustang Mach-E sales surpass traditional Mustang

Sales of the traditional Ford Mustang declined in 2024 as carbuyers increasingly turned to the electric Mustang Mach-E, which topped its traditional counterpart last year. Ford released sales data last week that showed 44,003 traditional Ford Mustangs were sold in 2024. That was down from 48,605 the prior year, amounting to a 9.5% decrease. By contrast,

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Boeing 787 Dreamliner aborts takeoff from Australia airport at last minute for ‘technical reasons’: reports

An Etihad Airways Boeing 787-9 Dreamliner aborted its takeoff from Melbourne Airport in Australia on Sunday for technical reasons, according to reports. Etihad Airways Flight EY461 from Melbourne to Abu Dhabi began its acceleration on the runway just at around 7 p.m. before slamming on the brakes and coming to a stop. “The flight crew

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Cybertruck explodes; Musk acts swiftly, aiding Las Vegas law enforcement, and what’s next: timeline

The new year brought with it terror in New Orleans and the Las Vegas Strip with multiple fatalities.  Fourteen people were killed and dozens injured after a driver plowed a car into a large crowd at Canal and Bourbon streets in New Orleans in the early morning hours of New Year’s Day. Hours later, a

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Apple to pay $95 million in Siri spying lawsuit

Tech giant Apple on Thursday agreed to pay $95 million to settle a proposed class action lawsuit that claimed its Siri voice assistant violated users’ privacy. A preliminary settlement was filed Tuesday night at a federal court in Oakland, California, which will be subject to approval by U.S. District Judge Jeffrey White. Mobile device owners who

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Alcohol maker stocks see declines in wake of Surgeon General cancer advisory

Popular alcohol producers had a bumpy morning as investors reacted to an advisory from the U.S. Surgeon General about alcohol and cancer. As of early Friday afternoon, Molson Coors shares had posted a 2.86% drop from where they started trading. Anheuser-Busch Inbev has declined about 2.04%.  Those two major producers were not alone. The stock

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