@davidlaz.bsky.socialComing up on #KTLA: Debt is growing, not just for consumers but also for Uncle Sam. As the federal budget deficit nears $2 trillion, more Americans are falling behind on loan payments. But not to worry -- the Fed says rich people are getting richer
@davidlaz.bsky.socialComing up on #KTLA: PepsiCo says it's jacking up the cost of Doritos, Ruffles and other munchables just months after cutting prices to assist cash-strapped consumers. It blamed the war with Iran and President Trump's tariffs
@davidlaz.bsky.socialComing up on #KTLA: A recipe for financial trouble -- the budget deficit is now almost $2 trillion, more Americans are behind on debt payments and according to the Federal Reserve, the rich just keep getting richer
@davidlaz.bsky.socialComing up on #KTLA: The percentage of white families owning homes is far greater than that for Black families. The Trump administration is investigating California's Wells Fargo for allegedly discriminating against white home buyers by promoting 'racial equity in home ownership'
@davidlaz.bsky.socialComing up on #KTLA: While the White House continues to insist President Trump's tariffs are paid by foreign entities, a new report from the Federal Reserve says the import taxes resulted in higher prices for U.S. consumers
@davidlaz.bsky.socialComing up on #KTLA: The Trump administration has accused San Francisco's Wells Fargo, one of America's largest mortgage lenders, of discriminating against white home buyers by seeking to boost Black home ownership
@davidlaz.bsky.socialHere's my #KTLA story on what homeowners need to know about El Nino. Clearly the Drifters' 'Up On The Roof' made an impression on me www.youtube.com/watch?v=AUBN...
@davidlaz.bsky.socialComing up on #KTLA: El Nino means SoCal homeowners need to consider supplemental flood insurance. And investors quickly sour on Skydance acquiring Warner Bros Discovery
@davidlaz.bsky.socialComing up on #KTLA: Wall Street takes a break from fantasizing about AI to let a little real life intrude, including the highest Treasury yields in almost a quarter century and the prospect of even higher inflation
@davidlaz.bsky.socialHere's my #KTLA story on how we're spending heavily on our furry friends (including $17 billion in cat food sales over the last year). Money well spent, say Teddy and Lupin www.youtube.com/watch?v=dGv8...
@davidlaz.bsky.socialThe boys are keeping watch for El Nino. Luckily for them, I have a story on what homeowners need to know about the weather event, not least that ordinary home insurance doesn't cover flood damage. It will be running throughout the day today on #KTLA
@davidlaz.bsky.socialComing up on #KTLA: Shares of Skydance (formerly Paramount Skydance) fell today as the company finalized its acquisition of Warner Bros Discovery. Why the setback? Try $80 billion in debt on for size, not to mention possibly thousands of layoffs
@davidlaz.bsky.socialComing up on #KTLA: I'll be on at the top of the hour with the latest on Skydance finalizing its takeover of Warner Bros Discovery. And speaking of debt, I'll return at my usual time with news of how car buyers are taking on more expensive loans to purchase vehicles
@davidlaz.bsky.socialComing up on #KTLA: Skydance is now one of the world's largest media and entertainment companies. It also has to figure out how to pay down $80 BILLION in debt. Analysts say thousands of workers will soon lose their jobs
@roundsparrow.bsky.social@davidlaz.bsky.socialComing up on #KTLA: The rise of AI shopping bots means e-commerce sites have to switch their marketing efforts to appeal to robots, not human customers. Perhaps more noteworthy, consumer spending is the main driver of the U.S. economy. Will this change that?
@davidlaz.bsky.socialComing up on #KTLA: High inflation means average Social Security checks next year could top $2,000 after the largest cost-of-living adjustment in years
@davidlaz.bsky.socialComing up on #KTLA: A new breed of startups are focusing on helping e-commerce companies market to AI shopping bots. Robots selling stuff to robots. That seems to have implications for an economy dominated by consumer spending
@davidlaz.bsky.socialComing up on #KTLA: AI data centers have proven to be unpopular with communities nationwide, to say the least. Amazon has heard their complaints and is responding by ... greasing palms with piles of cash
@davidlaz.bsky.socialComing up on #KTLA: How do you address widespread discontent over AI data centers? Amazon has decided the answer is to buy off communities with fat stacks of cash