California

Prominent venture capitalist Chamath Palihapitiya has moved his recent business incorporations to Nevada citing concerns over Delaware’s judicial system and its impact on Tesla Inc. (NASDAQ:TSLA) shareholders, marking a potential shift in corporate domicile preferences. What Happened: In a...

Chubb Ltd. (NYSE:CB), one of the largest domestic property and casualty insurers, held its fourth-quarter earnings call on Wednesday and addressed the future financial impacts resulting from the recent California wildfires.  The Details: Chubb CEO Evan Greenberg opened the call by expressing his...

President Donald Trump seems to have chosen a strange time to announce he was intending to get rid of the Federal Emergency Management Agency, aka FEMA. At a press briefing on Friday in North Carolina where he traveled to assess recovery from September’s Hurricane Helene, Trump casually...

Strong winds have caused another wildfire in Los Angeles County following the devastation wrought by fires in Pacific Palisades and Altadena. What Happened: The Hughes Fire broke out midday Wednesday during a period of high winds in the area. The fire is concentrated in Castaic, a city of around 19...

The yearlong ban that California’s insurance authority rushed to impose on cancellations in parts of Los Angeles hardest hit by wildfires was likely the last thing insurance companies wanted in the face of anticipated record-breaking claims. “Losing your insurance should be the last...

As the Los Angeles County Palisades Fire remains largely uncontained, a well-known real estate figure in the city speculated about Pacific Palisades’ real estate future. Celebrity realtor Josh Altman told TMZ on Thursday that he expects around half of Palisades residents to move elsewhere in...

The California wildfires and the aftermath have one insurance company saying no to a pricey Super Bowl LIX commercial. What Happened: Anyone who has watched NFL games over the past several years is likely familiar with State Farm commercials, which have featured NFL players, coaches and actor...

Edison International (NYSE:EIX) shares are trading higher on Wednesday. Brokerage firm Ladenburg Thalman upgraded the stock from Sell to Neutral. They believe the recent sell-off is overdone. The chart of Edison illustrates that even when there is significant news regarding a company, it is still...

President Biden announced a one-time payment of $770 for victims of the ongoing California wildfires on Monday. What Happened: The announcement came during a wildfire briefing at the White House on Monday. The President emphasized that the federal support is not waiting for the fires to end, but is...

The Los Angeles wildfires have killed at least two dozen people and destroyed thousands of homes, prompting questions of what’s to blame for the blazes. A new Emerson College poll asks Americans if climate change contributed to the wildfires and whether California Gov. Gavin Newsom has done a...

The Los Angeles area is bracing Tuesday for another stretch of "extreme fire weather”: the National Weather service issued a “Particularly Dangerous Situation" red flag warning for Southern California.   The Details: Firefighters are again facing high winds of 40 to 70 miles per hour as...

The wildfires in California continue to see devastation with 24 people dead and more than 12,000 structures destroyed. The sports and entertainment sectors are among those tackling the impact and making changes to the schedule as relief efforts continue. Entertainment World Reacts: The wildfires...

The National Weather Service issued another severe fire warning for Los Angeles County on Monday as fires continue to burn in the area. The death toll from the fires rose to 24 and more than 12,000 structures have been damaged or destroyed since the fires began last week.  The Details: AccuWeather...

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Sunday pegged the delay in Cybertruck deliveries to expectant customers in the California area to the company’s relief efforts in Los Angeles where multiple wildfires have claimed lives and belongings. What Happened: “Apologies to those expecting...

As California grapples with devastating wildfires, tensions between Gov. Gavin Newsom (D-Calif.) and President-elect Donald Trump have reached new heights. What Happened: Newsom has extended an invitation to Trump to visit the state and survey the destruction caused by devastating wildfires. In a...