L.A. wildfires have caused more than $50 billion of economic loss — and counting

Fires across Southern California are already one of the most damaging in the states history.

Topics

Low water supply causing ‘a real challenge’ in battling wildfires, says L.A. Fire Dept. Official

Capt. Erik Scott, Public Information Officer for the Los Angeles Fire Department, joins Meet the Press NOW with the latest on the fight against wildfires in Los Angeles County.
NBC News - 59m
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.

Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.
MarketWatch - 2h
What we know on L.A. fire evacuations, maps, causes and more

Fueled by powerful winds and dry conditions, a series of ferocious wildfires erupted Tuesday and roared across the Los Angeles area, destroying hundreds of homes and killing at least five people.
NBC News - 8h
More than 100,000 told to evacuate as L.A. blazes leave 5 dead and threaten Hollywood landmarks

The Palisades and Eaton fires, the two largest, cover 27,800 acres and are still 0% contained.
NBC News - 12h
Economic loss from California wildfires could reach $52B-57B: Report

Total damage from the devastating wildfires scorching Southern California could amount to between $52 billion and $57 billion in economic losses, according to a new analysis. The estimate, issued ...
The Hill - 1d
Four fires grow, forcing more than 80,000 evacuations around L.A.

A fire in the Pacific Palisades area of Los Angeles has forced some residents to evacuate amid "life-threatening and destructive" winds.
NBC News - 1d
Chewy is entering ‘beast mode,’ with more than 50% upside ahead, says analyst

Chewy Inc. is well-positioned for a strong 2025, according to Mizuho Securities, which has upgraded the online retailer of pet products to outperform.
MarketWatch - 2d
Wildfire Smoke Is Even More Dangerous Than Anyone Knew

Smoke exposure, researchers have found, raises the risk of dementia, poor mental health, fertility problems, and neurodegenerative diseases.
Wired - 5d

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Oil futures end higher, with Brent turning up for the week

Oil futures gained on Thursday, with global benchmark prices turning higher for the week and buoyed by optimism over the outlook for demand.
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BlackRock quits climate group in latest green climbdown

World’s largest money manager had staked out position as sustainable investment leader
Financial Times - 26m
Is a Macy’s near you closing? Beleaguered department store is closing 66 locations this year.

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Prices of top 25 Medicare Part D drugs have nearly doubled, AARP study finds

AARP's new research finds price growth for top Part D prescription drugs has exceeded inflation, making a case for allowing Medicare to negotiate prices.
CNBC - 50m