The Fed is unlikely to cut interest rates again when it meets next week, delaying any relief from high borrowing costs.

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates

With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is certain to total in the tens of billions of dollars.

California is requiring that all new cars must be zero-emission vehicles by 2035. Before leaving office, President Joe Biden set a national goal to have half of the new cars and trucks sold nationwide by 2030 have zero emissions.

Shortages in labor and materials will add to strain in rebuilding communities affected by wildfires in Los Angeles.

Housing construction permits were already trending downward. Now the wildfires have taken away at least 10,000 occupied homes.

The rain that is expected to hit the scorched Los Angeles landscape this weekend may bring relief to the fire fights, but it could also bring flash floods and mudslides. Although forecasts show that the risk is relatively low, local officials are taking the warnings seriously.

Neither the state nor local government seems to have learned much from the perils of pricing the less privileged out of Los Angeles's safe zone.

The Federal Reserve is widely expected to hold its key interest rate steady on Wednesday as officials wait for more data that indicates inflation is cooling.

The U.S. Senate on Monday confirmed Scott Bessent to be President Donald Trump's Treasury secretary, giving the billionaire hedge fund manager a central role in shaping the new administration's policy ambitions around tax cuts and spending and managing economic relationships with allies and adversaries alike.

A Boca Raton-based developer that is active in a number of South Florida affordable housing projects is rolling out a private credit platform for multifamily loans across the Sun Belt region.

The number of Americans filing for unemployment benefits rose slightly last week, yet labor market conditions remain stable. The Federal Reserve is expected to maintain interest rates due to minimal stress in job markets.