Oil Tycoon Harold Hamm Throwing an Inauguration Day Party

Hollywood faced significant impact from wildfires, with thousands of homes destroyed, including those of Disney employees, prompting CEO Robert A. Iger to oversee relief efforts and provide support. Despite the fires, Disney's movie productions remained largely unaffected, with other major studios also having minimal disruptions. The industry faces questions about rebuilding in Los Angeles and responding to real catastrophes, while some push for a return to normalcy with premieres and awards campaigns continuing amidst the...

Los Angeles is facing "hurricane force" winds that could worsen wildfires, with over 40,000 acres burnt and potential insurance losses of $30-40bn. Governor Gavin Newsom proposed $2.5bn in emergency funding to aid recovery efforts. President-elect Donald Trump criticized state officials for their response, as the death toll reached 24 and fears of further damage loomed. Full Article

A potential new takeover bid for U.S. Steel has emerged following President Biden's blocking of a Japanese company's acquisition. Cleveland-Cliffs CEO Lourenco Goncalves expressed interest in acquiring U.S. Steel, but did not provide specific details. U.S. Steel and Nippon are suing the government over the blocked merger, while Cleveland-Cliffs faces accusations of colluding to undermine the deal. Full Article

The job market is challenging with a high prevalence of "ghost jobs", with 18% to 22% of job posts being roles that companies aren't actively trying to fill. Industries like construction, the arts, food, and legal have the most ghost jobs, with 15% of companies regularly posting them. Job seekers are advised to check posting dates and cross-check listings to spot ghost jobs, as companies use them to create the illusion of growth and keep...

On a frosty day in January, the looming tax year end reminds savers of their £20,000 ISA allowance, with various options available including cash ISAs offering up to 5.01% rates and stocks and shares ISAs for long-term growth. A Lifetime ISA, ideal for first-home buyers, offers a 25% government bonus but has withdrawal restrictions. Recent trends show a surge in cash ISAs due to high interest rates, while stocks and shares ISAs saw increased activity...

The largest banks in the U.S. may see an increase in stock prices if upcoming earnings reports reveal positive surprises in loan growth or regulatory changes under the Trump administration. Investors are anticipating potential benefits from lighter regulations that could drive profits for these financial institutions. Any unexpected boosts in loan growth or regulatory relief could lead to further gains in the stock prices of these major U.S. banks. Full Article