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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.

WASHINGTON, DC - SEPTEMBER 20: Jamie Dimon speaks on stage during "The State of the Global Economy" panel for The Atlantic Festival 2024 on September 20, 2024 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for The Atlantic)

Report: Donald Trump Has Been Secretly Discussing WH Agenda With JPMorgan CEO Jamie Dimon For Months

Multiple reports have revealed that JPMorgan Chase CEO Jamie Dimon has been communicating with President-elect Donald Trump in recent months through secret back channels, helping Trump with advice on his policy-agenda.

Trader Jonathan Mueller wears a Trump hat as he works on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 6, 2024, in New York City. Wall Street stocks surged in opening trading on Wall Street Wednesday after US voters sent Donald Trump back to the White House and delivered him a Republican Senate. Major indices were up 1.8 percent or more in the early going as hopes about expected tax cuts and regulatory easing more than offset worries about higher tariffs. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images)

Wall Street Soars To New Records Following Donald Trump’s Historic Election Victory

Donald Trump’s election victory was welcomed happily by Wall Street, with all three major benchmarks hitting record highs on Wednesday.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 19, 2024. REUTERS/Brendan McDermid/File Photo

S&P 500, Dow rise on boost from big bank earnings

The S&P 500 rose and the Dow hit a record high on Friday, driven by gains in major banks following third-quarter results.

NEW YORK, NEW YORK - SEPTEMBER 18: Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City. The Federal Reserve is expected to announce its first interest rate cut since March 2020. (Photo by Stephanie Keith/Getty Images)

Wall Street: Dow Skyrockets To All-Time High After Fed Delivers Rate Cut

Wall Street had another big day with the Dow and S&P 500 hitting another intraday record high, just a day after the Federal Reserve cut interest rates by half-a-percentage point and forecasted that more cuts could be coming.

A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly

Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle

Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction.