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Cracks Between Newsom and Frustrated Lawmakers Show in First Budget Hearings

This commentary was originally published by CalMatters. Sign up for their newsletters. Gavin Newsom is officially a lame-duck governor, and his final year in office seems increasingly focused on an almost certain campaign for the White House. Meanwhile, however, he must spend at least some of his time governing California...

S&P 500 Breaches 7,000 Points for the First Time, Lifted by AI Optimism

The S&P 500 breached the 7,000-point mark for the first time on Wednesday, driven by unrelenting optimism over artificial intelligence and expectations of strong Big Tech earnings as well as monetary policy easing. The benchmark index's ascent between successive 1,000-point additions has quickened in recent years, reflecting mounting investor confidence...

Israel to Hold Funeral for Last Hostage Recovered From Gaza

The remains of the last Israeli captive recovered from the Gaza Strip were set to be buried on Wednesday in a funeral that will help Israel turn the page after one of the most traumatizing periods in its history. Ran Gvili, an off-duty police officer, was killed fighting militants during...

Defying White House, Fed Expected to Hold Rates Steady

The Federal Reserve is expected to hold interest rates steady on Wednesday in a pause that investors see lasting beyond U.S. central bank chief Jerome Powell's final meetings in March and April, with his successor expected to take office by the summer and policymakers split over whether more reductions in borrowing costs...

Amazon Axes 16,000 Jobs as It Pushes AI and Efficiency

Amazon confirmed 16,000 corporate job cuts on Wednesday, completing a plan for around 30,000 since October, while leaving open the possibility of further reductions. Reuters first reported last week that Amazon was planning a second round of job cuts as part of its broader goal under CEO Andy Jassy, who has been trying...

Fresno Unified Calls Retiree Health Care Complaint Letter ‘Baseless’

Fresno Unified School District responded to a complaint letter alleging elder abuse and opposing Aetna Medicare Advantage, calling claims “baseless” and “misleading.” On Jan. 22, a demand letter was filed on behalf of 6,200 retirees enrolled in Aetna Medicare Advantage, saying the health insurance “doesn't constitute the lifetime medical coverage”...

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