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Wildfire survivors who lost their homes could face another blow from taxes on settlement payouts

Thousands of survivors of the 2025 Eaton Fire in Altadena, California, have elected to accept an upfront settlement from the utility accused of causing it, forgoing future litigation for a faster payment that could help them rebuild or relocate.

But unless a bill moving through Congress becomes law, that money could be taxed as income, taking big bites out of their payments and possibly disqualifying them from other government benefits.

“There was this terrifying disbelief,” Bree Jensen, communications director for the Eaton Fire Long-Term Recovery Group, said of... Read More

Oil prices jump and Wall Street slides with US, Iran clashing in the Strait of Hormuz

Oil prices climbed more than 5% and Wall Street veered toward losses before the opening bell Monday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz.

Futures for the S&P 500 also fell 0.5% while futures for the Dow Jones Industrial Average slid 0.6%. Nasdaq futures also were off by 0.5%.

The Persian Gulf's Strait of Hormuz — a passageway for 20% of the world's oil — was closed again after Iran reversed a decision to reopen the strait and President Donald Trump said a U.S. Navy blockade of Iranian ports remains in effect. Read More

Women take the lead in whiskey as more female drinkers and distillers change the industry

SHOREHAM, Vt. (AP) — Meghan Ireland always loved chemistry, but as a college freshman studying chemical engineering, she didn’t know she could channel her passion for science into the art of making whiskey.

It took stumbling across an article about a female chemical engineer who became a master whiskey distiller for something to click: Ireland's fellow students could go into plastics and pharmaceuticals, she was going into whiskey.

“It was kind of like a connection of, 'hey, I can see someone who looks like me, who has the same exact kind of education and... Read More

Japan issues an advisory for northern coastal areas for a slightly increased risk of a mega-quake

TOKYO (AP) — Japan on Monday issued an advisory for northern coastal areas for an increased risk of a possible mega-quake induced by a major quake earlier in the day.

The Cabinet Office and the Japan Meteorological Agency said there is 1% chance for a mega-quake occurring on the northern Japanese coast in the next week or so following the powerful quake earlier Monday near the Chishima trough.

Officials said the advisory is not a quake prediction but urged residents to raise their preparedness, such as emergency food and their grab bag just in case, while continuing... Read More

EU hosts Palestinian leader in conference about security and peace in Gaza and the West Bank

BRUSSELS (AP) — More than 60 nations sent representatives to Brussels Monday to discuss with Palestinian Prime Minister Mohamed Mustafa stability, security and long-term peace in Israel, the West Bank and Gaza, as global attention largely remains focused in the Middle East on the ongoing crises in Iran and Lebanon.

Ongoing attacks in the West Bank and continued devastation in Gaza have dimmed the prospect for a two-state solution, said Belgian Foreign Minister Maxime Prévot ahead of the meeting Monday. He is co-hosting the meeting with the EU’s top diplomat, Kaja Kallas. Read More

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Wildfire survivors who lost their homes could face another blow from taxes on settlement payouts

Oil prices jump and Wall Street slides with US, Iran clashing in the Strait of Hormuz

Women take the lead in whiskey as more female drinkers and distillers change the industry

Japan issues an advisory for northern coastal areas for a slightly increased risk of a mega-quake

EU hosts Palestinian leader in conference about security and peace in Gaza and the West Bank

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