James Bullard said he dissented on this week's Fed decision to lower rates by a quarter percentage point because he didn't think the cut was big enough.The Fedread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
"I feel like I've contributed all I can to this primary election," he told MSNBC's "Morning Joe." "And it's clearly not my time. So I'm going to end my presidential campaign."2020 Electionsread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
The complaint made by an unnamed intelligence official about the president centers on Ukraine, the Washington post reported.Politicsread more
Apple CEO Tim Cook greeted iPhone 11 customers at the reopening of the Fifth Avenue Apple store on Friday. CNBC also took a tour inside. Here's a look.Technologyread more
The Pentagon on Thursday said the recent attack on Saudi Arabian oil facilities were "sophisticated" and represented a "dramatic escalation" in tensions within the region.Defenseread more
U.S. stock futures are modestly higher, with the S&P 500 just a little more than 20 points away from July's all-time high ahead of Friday's open on Wall Street.Marketsread more
Bank of America says Amazon's plans to build its own fleet of carbon-neutral delivery trucks bode well for its bottom line.Investingread more
The show comes as social media platforms and legacy media companies alike have launched a flurry of original content alongside new streaming platforms like Apple TV+ and...Technologyread more
Pivotal Research Group began coverage of Roku with a sell rating on FridayInvestingread more
Southern California real estate is some of the priciest in the nation, and a huge swath of it is at risk of damage or destruction from the wildfires now tearing through the area.
Just over 86,000 homes in Ventura and Los Angeles counties are at some level of risk. Their combined reconstruction value is $27.7 billion, according to CoreLogic.
Of them, about 16 percent — some 13,500 homes — stand at significant risk, it said. CoreLogic puts these in the "high" and "extreme" risk categories. They have a total reconstruction value of more than $5 billion.
The majority of homes, 84 percent, are in CoreLogic's "low" or "moderate" risk categories, but the unpredictable Santa Ana winds could shift those numbers in a matter of minutes.
"Wildfire can easily expand to adjacent properties and cause significant damage even if a property is not considered high risk in its own right," according to the CoreLogic report.
Those estimates account for just three of the six major wildfires now burning in Southern California.
The Thomas, Rye and Creek wildfires burning in Ventura and Los Angeles counties have already destroyed more than 500 structures and burned 141,000 acres, but the numbers are already rising quickly and will likely continue into next week.
Winds are expected to pick up throughout Southern California over the weekend, and new fires are burning in the San Diego area.
Some experts are calling the current fire conditions unprecedented. A rainy spring produced more foliage and vegetation than usual. That was followed by one of the hottest summers on record, which dried it all out, leaving vast supplies of fuel for these growing fires.