Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
Hong Kong democracy activist Joshua Wong walked free from prison on Monday after serving nearly five weeks for contempt of court, pledging to join a mass protest movement...China Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
Authorities searched on Monday for more than 200 people unaccounted for in one of the wildfires rampaging through parts of California, voicing concern about a possible rising death toll, as gusty, dry winds spurred the spreading flames.
The raging blaze in northern California known as the Camp Fire, the state's most destructive on record, had left at least 228 people missing as of early Monday, according to Kory Honea, sheriff of Butte County, site of the fire. That fire and one in southern California called the Woolsey Fire have killed at least 31 people.
The blazes left behind scenes of utter ruin, with homes and businesses reduced to charred wreckage and the winds also spreading large amounts of ash.
Both fires have been whipped up by hot dry winds. Winds of up to 40 miles per hour (64 km per hour) were expected to continue in southern California through Tuesday, heightening the risk of fresh blazes ignited by scattered embers, while the winds were forecast to begin diminishing later on Monday at the site of the Camp Fire. The wildfires flared in two new locations on Monday morning in southern California, officials said.
The fires have displaced more than 224,000 people, officials said. About 8,000 firefighters using fire fighting equipment including helicopters and air tankers were battling the flames, with assistance coming from out of state.
The Camp Fire, 40 miles (60 km) north of Sacramento, burned down more than 6,700 homes and businesses in the town of Paradise, more structures than any other wildfire recorded in California.
The fire had scorched more than 113,000 acres (45,729 hectares) and was 25 percent contained, officials said on Monday. Its death toll of 29 equals that of the Griffith Park Fire in 1933, the deadliest wildfire on record in California.
The blaze has probably caused between $2 billion and $4 billion in insured property damage, Morgan Stanley estimated in a report on Monday.
Speaking on CNN, Honea said while he holds out hope that many people listed as missing will turn up safe, "given what we've dealt with so far with casualties as a result of this fire, I have concerns that it (the death toll) will rise."
In southern California, the Woolsey Fire had burned more than 91,000 acres (36,826 hectares) and was 20 percent contained, with 370 structures destroyed, officials said. The fire had forced authorities to issue evacuation orders for a quarter million people in Ventura and Los Angeles counties and beachside communities including the Malibu beach colony, home to many celebrities.
At least two people have died in the Woolsey Fire, which is 20 miles (32 km) long and 14 miles (22 km) wide, threatening 57,000 structures, officials said.
"These are extreme conditions. If there's a fire in your neighborhood, don't wait for an evacuation order, leave," Los Angeles County Fire Department Chief Daryl Osby told a news conference.
Many of those allowed to return were left without power or cellphone service, even if their homes were spared by the flames.
Malibu resident Tony Haynes described how strong winds brought the fire through his neighborhood during the weekend, with the sky growing dark, saying there was so much smoke he put on his scuba-diving tank to breathe. Haynes said his home survived.
"It all came down to luck and a whole lot of buckets of water," he told KTLA 5.
A smaller blaze in Southern California, the Hill Fire, was 75 percent contained, officials said.
Local residents were despondent over the fire damage.
"It's not the house, because you can rebuild. But it's what is inside the house. It's all gone," Malibu resident Marcella Shirk, 82, told KABC-TV. "And that's what hurts, those kinds of things hurt, because you can't replace that."
California utility stocks plummeted for a second trading day on Monday. Shares of PG&E, which operates in northern California, dropped as much as 16 percent, bringing its decline over two sessions to 29 percent, equivalent to $8 billion. Edison International, owner of Southern California Edison Company, slumped 11 percent, leaving its stock market value $5 billion lower since Thursday, when the fires broke out.
Governor Jerry Brown has asked U.S. President Donald Trump to declare a major disaster to bolster the emergency response and help residents recover. Trump, a Republican who has often criticized Democrat-led California on a variety of issues including immigration enforcement, blamed poor forest management by the state for the infernos.
Brian Rice, president of the California Professional Firefighters, called Trump's statement "ill-timed" given the loss of life and ongoing search for missing people.
"You can't just make a blanket statement," Rice told MSNBC on Monday, adding that fires and forest management were complicated and that weather also was a major factor.
"Right now, what is needed is, really, support," Rice said.