This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. What we know so far: 94 people, including a firefighter, have died 76 injured including 11 firefighters 25 calls for help remain unresolved…
US stocks dropped sharply on Thursday as investors took in the worst layoff data for the month of October in over two decades. Employers announced 153,074 job cuts for October, according to data from Challenger, Gray & Christmas. That represents a 183% increase from job cuts announced in September, and marked the worst October for…
Sure, maybe AI enthusiasm is creating a stock market bubble. But if the Federal Reserve is set to continue slashing rates, one might be tempted to ask: so what? In other words, even with valuations elevated, the old maxim of “don’t fight the Fed” may prove to be prudent advice in the near term. When…
2025-10-23T11:56:23Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Beyond Meat was down…
Three of the country’s most powerful judges met in Pasadena on Wednesday for a rare conclave that could rewrite the legal framework for President Trump’s expansive deployment of troops to cities across the United States. The move to flood Los Angeles with thousands of federalized soldiers over the objection of state and local leaders shocked…
Stocks and the price of gold fell Wednesday, as momentum on Wall Street reverses. The Standard & Poor’s 500 index sank 0.5%, though it’s still within 1% of its all-time high set this month. The Dow Jones industrial average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite…
The Warren Buffett indicator — which measures the stock market’s total value against the US economy’s GDP — topped 200% this week. It’s the first time that the valuation gauge has reached these levels since 2021, the only other instance when it’s risen that high. At the height of the dot-com bubble in 2000, the…
Hong Kong and its neighbouring areas are on high alert as Super Typhoon Ragasa makes its way to the city, poised to bring strong winds, heavy rain and severe storm surges. The cyclone is forecast to be closest to the city on Wednesday morning, with the Hong Kong Observatory warning that winds may reach hurricane…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong’s airport is considering suspending all flights for 36 hours starting Tuesday evening for the first time as Super Typhoon Ragasa moves towards the city, the Post has learned. It is understood that…
Stephen Colbert, whose namesake late-night show is set to be pulled off the air in May, defended Kimmel during his opening monologue on Thursday night. He started the show saying, “Tonight, we are all Jimmy Kimmel,” calling the suspension “blatant censorship.” “The Late Show” posted a clip of Colbert’s comments on Kimmel on its Instagram…