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Los Angeles wildfires displace thousands, cause extensive destruction

Wildfires devastate Los Angeles County; 30,000 acres burned, 5 dead, 180,000 evacuated, with potential $50 billion losses.

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5 months ago

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Wildfires devastate Los Angeles County; 30,000 acres burned, 5 dead, 180,000 evacuated, with potential $50 billion losses.

Wildfires continue to devastate parts of Los Angeles County for the third consecutive day, resulting in significant damage and widespread evacuations.

The Pacific Palisades area has experienced severe destruction, with thousands of homes and businesses either damaged or destroyed.

By Thursday morning, around 30,000 acres were burning, with five confirmed fatalities and over 200,000 residents affected by power outages.

Nearly 180,000 residents were ordered to evacuate, while close to 200,000 received evacuation warnings.

The wildfires remain largely uncontained, stressing the firefighting capabilities in a region home to approximately 10 million people, which is enveloped in smoke and ash.

Los Angeles Mayor Karen Bass described the situation as an unprecedented firestorm, stating that all available resources are being mobilised to combat the blazes.

Economic losses from the wildfires could reach nearly $50 billion, potentially marking them as the costliest in U.S. history, according to analysts.

Los Angeles County Sheriff Robert Luna indicated that the death toll may increase as search efforts continue in the affected areas.

One fire in the Hollywood Hills prompted new evacuations, but firefighters have made progress in controlling this specific blaze.

The spreading fires have been exacerbated by strong Santa Ana winds and dry vegetation, making the situation even more critical.

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News

Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

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16 hours ago

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June 20, 2025

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Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.


Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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#IsraelIran #MiddleEastConflict #Trump #nucleartensions #TickerNews #militaryescalation

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News

Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

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17 hours ago

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June 20, 2025

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Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.


Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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#IsraelIran #MiddleEastCrisis #Trump #Airstrikes #NuclearTensions #BreakingNews #tickernews

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Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

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2 days ago

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June 19, 2025

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U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

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