LA County residents demand action after car smashes into store to make way for mob of looters
Californians urged local authorities to take action after rioters used cars to break into stores and loot merchandise. “A group of more than 100 looters intentionally crashed a Kia into a small bakery in Compton, California, then stormed and looted the store during a night of rampage on the streets earlier this week. “The thieves […]
Apple slapped with second stock downgrade as Wall Street fears sagging iPhone demand
Apple suffered its second sharp drop in stock prices this week on Thursday as concerns grew on Wall Street about sluggish demand for its flagship iPhone. Piper Sandler & Company lowered its rating on Apple stock from “overweight” to “neutral” on Thursday. The company's analysts, who have been bullish on Apple since March 2020, pointed […]
Mortgage demand plummets again despite drop in interest rates
FOX Business Correspondent Madison Alworth explains how high mortgage rates and “Barney & Company” home prices are delaying the American Dream for many first-time homebuyers. Despite mortgage interest rates dropping significantly throughout December, the number of home purchase applications, a key indicator, slumped over the holidays. Mortgage Bankers Association (MBA) Index Applying for a mortgage […]
Job Openings Decline in Sign of Cooler Demand for Workers
The red-hot labor market that has warmed the economy in recent months showed signs of cooling in November, with employers hiring fewer positions, fewer workers retiring and fewer people hiring. According to the Bureau of Labor Statistics' monthly report on job openings and turnover survey (JOLTS), the number of job vacancies was 8.79 million as […]
House Democrat raises alarm with haunting question about Clarence Thomas not complying with recusal demand
Rep. Jamie Raskin (D-Md.) on Sunday wondered what would happen to Supreme Court Justice Clarence Thomas if he recused himself from a case that could involve Donald Trump. He frowned. Last month, the Colorado Supreme Court ruled that Trump was constitutionally unfit to serve as president, and Maine Secretary of State Shenna Bellows (Democrat) is […]
Hamas waives ‘totally off base’ demand for months-long cease-fire in Israeli hostage negotiation: Report
Hamas has abandoned its months-long call for a ceasefire in hostage negotiations with Israel, after Israeli officials dismissed the request as “completely off-base” on Tuesday. According to the Jerusalem Post, Hamas negotiators had demanded multiple ceasefires that would lead to a complete withdrawal of Israeli troops from Gaza in exchange for the remaining Israeli hostages. […]
Demand for digital services gives rise to hyperscale data centers
Since 2010, the number of internet users worldwide has more than doubled. As more people go online for work, school, gaming, Google, and more, the number of data centers that help keep the web running quickly and efficiently is growing. “Digitizing the economy is a good thing, but it requires a lot of electricity,” said […]