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Neighbourhoods reduced to ashes as L.A. faces unprecedented crisis

Published

1 year ago

January 13, 2025

Lives Lost, Neighbourhoods Reduced to Ashes as L.A. Faces Unprecedented Wildfire Crisis

Los Angeles is in the grip of an unprecedented disaster as six wildfires tear through the region, leaving destruction in their wake. The blazes, intensified by unrelenting winds, have turned the city’s iconic landscapes into scenes of devastation. Over 11 lives have been tragically lost, and more than 150,000 residents have been forced to evacuate their homes. Entire neighbourhoods lie in ashes, with nearly 10,000 structures reduced to rubble.

The scars left by these wildfires run deep, not only on the land but also in the hearts of its residents. As families mourn their losses and sift through the ruins of their homes, anger mounts against the authorities responsible for fire management and water supply. Insurance companies, too, are under fire for failing to support those affected.

Los Angeles, a city known for its cinematic triumphs and cultural landmarks, now finds itself the unwilling protagonist of its own disaster movie. Once bustling neighbourhoods now resemble apocalyptic ruins, leaving many questioning what could have been done to prevent such catastrophic loss.

This crisis underscores the increasing threat posed by climate change and the urgent need for more robust fire management and disaster preparedness. As Los Angeles grapples with this catastrophe, the resilience of its people and their ability to rebuild will ultimately define its recovery.

This has been a Ticker News special report. For the latest updates, follow Ticker News online and on all major streaming platforms.

News

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

3 days ago

January 30, 2026

Harvey Vargas

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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News

Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

Published

4 days ago

January 29, 2026

Harvey Vargas

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy

News

Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

Published

4 days ago

January 29, 2026

Harvey Vargas

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy