California wildfires

Property owners whose homes were damaged or destroyed by the fires in Los Angeles' Pacific Palisades and Altadena find themselves facing an impossible choice. Rebuild and expose themselves to the risk of another fire or sell their properties for between 50% to 70% less than their peak value before...

The recent fires in Pacific Palisades and Altadena, California forced thousands of people into an already unforgiving LA real estate market and sparked fears of price gouging. Gov. Gavin Newsome responded by declaring a state of emergency order and promising legal action against would-be price...

After reporting a “greatest growth year ever” as described by its president and CEO, Mike Sievert, T-Mobile US Inc. (NASDAQ:TMUS) highlighted how its Starlink Satellite connectivity aided the victims of California wildfires. The company also boasted about its continuing 5G network...

There’s no smoke without fire. In this case, the fire is the devastating L.A. wildfires that have caused billions of dollars worth of damage and left thousands homeless. The smoke is the predatory investors who are offering low-ball cash offers to seize valuable land for pennies on the dollar...

The Hughes fire has grown to more than 10,000 acres Thursday and forced more than 31,000 Californians to evacuate an area near Castaic Lake, about 45 miles northwest of Los Angeles.  What To Know: The latest fire to ravage the L.A. area broke out just before 11 a.m. PT on Wednesday and spread...

California's raging wildfires have ignited more than acres of land – they've sparked a fiery debate over Gov. Gavin Newsom's priorities. Critics claim the embattled governor is slashing essential fire-prevention budgets while funneling billions into ambitious green initiatives, leaving communities...

The Los Angeles wildfires have caused widespread destruction, with over 40,000 acres burned, 12,300 structures destroyed and thousands displaced. According to estimates from AccuWeather, the financial impact is between $250 billion and $275 billion and counting. President Joe Biden recently...

As the earnings season gets underway, analysts from BofA Securities released a preview on Friday of what to expect from major insurers' fourth-quarter reports. The firm also took a look at how the Los Angeles area wildfires will affect the companies in the current quarter.  Allstate: BofA expects...

The blockchain-based company Ripple Labs announced a donation of $100,000 worth of XRP (CRYPTO: XRP) tokens on Tuesday to support the wildfire relief efforts in California. What happened: The San Francisco-headquartered fintech firm said on X that the contributions will be facilitated through...

California utility companies could come under pressure from regulators and investors after devastating Los Angeles wildfires have left at five people dead and almost 180,000 evacuated from their homes due to multiple wildfires. Here's the latest. What Happened: Areas near Los Angeles, California...

Wildfires continue to ravage Los Angeles county on Thursday, causing billions of dollars in damage to homes and businesses. What To Know: Accuweather on Wednesday issued a preliminary estimate of the total damage and economic loss from the Southern California wildfires to be between $52 billion...

Small-scale cannabis farmers in California are increasingly abandoning their fields as they grapple with the dual threats of destructive wildfires and falling prices, signaling a troubling trend for America’s largest legal cannabis market. Industry experts anticipate this exodus will persist...

California has faced numerous wildfires in recent memory as climate change-induced weather wreaks havoc on the Golden State. Which companies could be affected by the ongoing Park Fire in Northern California? Park Fire Rundown: The Park fire, the largest wildfire currently burning in the U.S., has...

A heat wave is set to sweep across several regions of the United States as 2024 shapes up to be one of the hottest years on record. The Forecast: Nearly 150 million Americans are under heat warnings or watches on Thursday, per the National Weather Service. According to Axios, temperatures will...

The wildfires came early this year. Flames are already raging across California, threatening cannabis cultivation operations as well as homes, individuals and many livelihoods. The high-pressure dome that continues to trap heat over much of the U.S., likely caused the fires to start...