PG&E, the parent company of the Pacific Gas & Electric utility unit, is expected to become a major player in the early warning camera expansion, CNBC has learned. » Read More
By: Diana Olick
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Shares of utility PG&E popped nearly 40 percent on Friday after the head of a regulator eased worries about the California-based utility going bankrupt.
PG&E's stock has lost more than half its value as shareholders flee the utility amid concerns that its equipment may be partly responsible for the most destructive wildfire in California's history.
Authorities reported eight more fatalities from the Northern California blaze, bringing the total number of dead so far to 56.
PG&E shares plunged after the company said that if its equipment is responsible for the "Camp Fire," the cost of the damage would exceed its insurance coverage and harm its financial health.
Kazuo Momma of Mizuho Research Institute says there might be "underlying weakness" in the Japanese economy, particularly in the export sector.
Christopher Muir, equity analyst at CFRA Research, discusses how the wildfires in California can impact utilities companies.
The raging wildfires in Northern and Southern California have killed at least 31 people. The fires rank among the deadliest in the state’s history, and hundreds of thousands of residents have fled their homes. More than 200 people remain missing.
Two incredibly devastating wildfires are raging across California, already killing at least 31 people, displacing over 250,000 residents and destroying thousands of homes and businesses.
CNBC's Aditi Roy reports from Camarillo, California on the latest of the California wildfires.
PG&E and Edison International stocks fall on Monday as wildfires rage in Southern California.
Survivors of the California wildfires have another ordeal to contend with: filing claims with their insurance companies. Here's where to begin.
More than 250,000 people in California are under evacuation orders statewide due to growing wind-whipped fires which have burned over 6,600 homes and led to at least nine fatalities, according to officials.
Shares of PG&E plunged more than 16 percent on Friday as wildfires continued to rage through California.
Natural gas prices are surging after a dramatic change to U.S. weather forecasts indicates that winter-like temperatures will grip much of the country in the coming days.
Studies have shown that bad weather can depress turnout, particularly among groups likely to vote for Democrats. But meteorologist Al Roker said, "I think people on both sides are motivated enough to go out and vote."
Amid increasingly intense hurricanes and other weather events, real estate owners are trying to get ahead of the curve by constructing new homes that can handle extremes.