Business – Page 17 – One America News Network

The wind whips embers while firefighters battle the fire in the Angeles National Forest near Mt. Wilson as the wildfires burn in the Los Angeles area, during the Eaton Fire in Altadena, California, U.S. January 9, 2025. REUTERS/Ringo Chiu

US insurers slump as Los Angeles wildfire loss estimates hit $20 billion

U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach as high as $20 billion.

Idle cranes are pictured at Port Newark Container Terminal in Newark, New Jersey, U.S., October 4, 2024. REUTERS/Mike Segar/File Photo

Second US port strike averted as union, employers reach deal

The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers said they reached a tentative deal on a new six-year contract.

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo

US weekly jobless claims fall to 11-month low as labor market remains stable

The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.

A man carries his shopping bags during the holiday season in New York City, U.S., December 10, 2023. REUTERS/Eduardo Munoz/File Photo

US online holiday sales rise nearly 9% on mobile shopping boom, report shows

Online spending rose nearly 9% during the 2024 holiday season, with shoppers mainly using their smartphones to buy products ranging from TVs to LEGO sets.