CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has...Retailread more
Facebook's head of Calibra David Marcus faced skepticism from lawmakers at a House Financial Services hearing on its digital currency plans.Technologyread more
During a speech on "Medicare for All," Bernie Sanders will urge 2020 Democratic candidates to reject money from health care industries.2020 Electionsread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
The news comes after eBay announced a strategic portfolio review on March 1.The Faber Reportread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
A fast-growing 18,000-acre wildfire burned through rural communities in California overnight, triggering a state of emergency and evacuation orders for more than 82,000 residents in the San Bernardino area.
More than 700 firefighters and other emergency workers were battling the Blue Cut fire, which flared early Tuesday some 60 miles east of Los Angeles and spread rapidly along the Cajon Pass.
Gov. Jerry Brown declared a state of emergency in San Bernardino County, families fled and Interstate 15 was closed as the blaze grew.
Read more from NBC News:
First Read: What Trump's Latest Campaign Shake-Up Means
Ford Going Driverless: The Road to the Future?
Oil-Rich Countries Are Importing Elite Athletes to Bump up National Medal Count
"This moved so fast," said Darren Dalton, 51, who along with his wife and son had to get out of his house in the small town of Wrightwood. "It went from `have you heard there's a fire?' to 'mandatory evacuation' before you could take it all in ... Suddenly it's a ghost town."
Ash rained down on motorists from billowing black smoke, while aerial pictures from KNBC captured a roadside 'firenado' in which swirling gusts of wind sent flames twisting high into the air.
The Red Cross set up shelters for residents forced from their homes.
Shannon Anderson of Blue Mountain Farms horse ranch in Phelan had to load up and evacuate 40 horses as the fire approached.
"It's raining ash," Anderson told The Associated Press.
Two firefighters were hurt and briefly hospitalized when they became trapped while defending homes and assisting evacuations in the Swarthout Canyon area, San Bernardino Fire Department said.
The fire was zero percent contained and covered 28 square miles at 11 p.m. PT (2 a.m. ET) — only 12 hours after it began — according to CalFire.
The National Weather Service issued a red flag warning through Thursday night, saying strong winds, low humidity and warm temperatures meant "critical fire weather conditions" would contribute to "extreme fire behavior."
One the 800 residents in the Lytle Creek area told KNBC she was in the shower when deputies knocked on her door and asked her to evacuate.
The woman, who gave her name as Amber, said she grabbed what she could — including her dogs — and took off.
"There is no escape," she said. "This was the time for me to go."
Another evacuated resident, John Goodfried, told KNBC he watched air tankers flying missions over the blaze.
"If the smoke is heavy and thick and black you know it's burning something," he said.
The Los Angeles Sheriff's Department said a 98-year-old hospice patient was evacuated by helicopter from the Wrightwood area to the north of the wildfire.
Highway 138 to Lone Pine Canyon was closed, while San Bernardino Fire Department said there was no timetable for when Interstate 15 — the main link to Nevada — would reopen.
Night-time helicopters were assisting efforts to control the blaze, it said, continuing the work of 10 air tankers that doused the area fire retardant earlier in the day.
An 84-year-old local historian who uses a walker and is hard of hearing was saved after family members saw KNBC aerial pictures of his house surrounded in flames.
John Hockaday, who has penned books about the Cajon Pass and Route 66, wrapped his head in wet rags and held a hose with water from an emptying tank as the fire swept over his property, burned several cars and his mother-in-law's home, his cousin Ron Snow said.
Snow said he was watching an NBC4 live stream of the fire as flames surrounded Hockaday's house in Cajon Pass and reached out to the newsroom who contacted dispatch to get rescuers to Hockaday's location in a canyon called Lost Lake.
"He was surrounded by fire," Snow told the station. "Fire crews were dispatched. Now he's safe."
The number of fires in California has grown 20 percent over the last decade, rising from more than 4,800 fires in 2006 to nearly 5,800 fires in 2015, according to data from the California Department of Forestry and Fire Protection, KNBC reported.