Over half a million ‘TikTok refugees’ flock to China’s RedNote
Veteran Chinese users, with some sense of bewilderment, welcomed their American counterparts and swapped notes with them on topics like food and youth unemployment. Read more
Latest Stories by Reuters
Inflation still slowing as producer prices rise below expectations
“Better than expected is not necessarily what the Fed wants to see before easing monetary conditions into a fast-growing economy, with tariffs and tax cuts on the agenda of the incoming administration,” said Carl Weinberg, chief U.S. economist at High Frequency Economics. Read more
Los Angeles firefighters holding the line despite extreme winds
Some 8,500 firefighters from at least seven states and two foreign countries prevented the fires from growing for a second straight day as they gained slightly more control of the perimeter of the blazes. Read more
North Korea’s suicide soldiers pose new challenge for Ukraine
“Self-detonation and suicides: that’s the reality about North Korea,” said Kim, a 32-year-old former North Korean soldier who defected to the South in 2022. Read more
Hegseth, Trump’s Pentagon nominee, comes under fire at Senate hearing
Hegseth, a former Fox News host, is one of the most controversial figures ever nominated to be Secretary of Defense. Read more
Republicans eye conditions on California wildfire aid
“It appears to us that state and local leaders were derelict in their duty in many respects. So that’s something that has to be factored in,” Johnson told reporters in the U.S. Capitol. Read more
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S&P lowers Nissan’s outlook to negative, affirms BB+ ratings
“The negative outlook reflects our view that the company’s creditworthiness will continue to deteriorate if profitability does not improve and positive free cash flow is not secured,” S&P said in a statement. Read more
Mexican firefighters prepare to do battle with L.A. fires
The group is made up of military specialists, including doctors, engineers and search and rescue personnel, as well as a group of firefighters from Mexico’s equivalent of the U.S. Forest Service. Read more
Hawaiian Electric lays out plan to reduce wildfire risk
The utility has faced intense scrutiny in the past for its role in the deadly 2023 Maui wildfire. Read more
Supreme Court rejects bid by oil companies to toss Honolulu’s climate suit
The justices turned away an appeal by the oil companies of a decision by Hawaii’s top court allowing the suit, which alleged violations of state law, to proceed. Read more
Santa Ana winds pick up, threatening fire-ravaged Los Angeles anew
California Gov. Gavin Newsom has said the firestorm could rank as the most devastating natural disaster in U.S. history. It is already the costliest wildfire in terms of insured losses. Read more
Japan hit by strong quake near Nankai Trough region
A quake with a preliminary magnitude of 6.9 struck the Kyushu region at 9:19 p.m. (2:19 a.m. Hawaii time) today, the Japan Meteorological Agency said. Read more
Moderna cuts 2025 sales forecast by $1B on weak vaccine demand
Demand for its COVID vaccine has been waning after the pandemic, while adoption of its RSV shot — its second approved product- has been slower than expected, forcing Moderna to cut costs. Read more
How one California man tried saving his block from wildfire
His one-story yellow duplex survived. So did two more homes next door. Across the street, entire houses burned to the ground. A single brick chimney stood alone in the wreckage. Read more
Billionaire proposes merger between Howard Hughes, Pershing unit
The deal would increase Pershing Square’s stake in Howard Hughes to somewhere between 61% and 69%, depending on how many investors agree to be bought out, from the 38% it currently holds. Read more
Neighborhoods under threat as Los Angeles Palisades fire rages on
Aircraft dropped water and fire retardant on steep hills to stem the eastward spread of the Palisades Fire and KTLA television reported that ground crews had managed to save a number of houses, although others were lost. Read more
Bloomberg: U.S. bank regulator gives BlackRock February deadline
The FDIC may open an investigation into BlackRock and demand more information from the company if it fails to make sufficient progress toward resolving the issues, the report said. Read more
White House: Biden spoke with families of Americans detained in Afghanistan
Biden’s administration has been negotiating with the Taliban since at least July about a U.S. proposal to release the three Americans — Ryan Corbett, George Glezmann and Mahmood Habibi - in exchange for Muhammad Rahim al-Afghani, a high-profile prisoner held in Guantanamo Bay, Reuters reported last week, citing a source familiar with the discussions. Read more
Aerial assault aims to stem L.A. Palisades fire eastward spread
Over the past 24 hours, the Palisades Fire spread over an additional 1,000 acres (400 hectares), consuming more homes, officials reported. Read more
Biden awards Pope Francis the Presidential Medal of Freedom
In his citation for Francis, Biden lauded the religious leader’s life of service to “the voiceless and vulnerable across Argentina” and his lifetime of service to the poor. Read more
Ukraine captures 2 North Korean soldiers, Zelenskyy says
Kyiv says that North Korean troops are fighting in the Kursk region, where Ukraine launched an incursion in August. Read more
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