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PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave
PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave
Shares of California's largest publicly traded utilities crashed on Monday morning after state lawmakers unveiled wildfire legislation that failed to provide the liability protections Wall Street analysts had hoped for.
PG&E plunged as much as 21%, its sharpest decline since 2020, while Edison International crashed as much as 24%, its largest drop since 2018. Sempra fell 5%.
The development sparked a wave of Wall Street downgrades tracked by Bloomberg. Mizuho Securities downgraded PG&E, Edison, and Sempra to neutral from outperform, citing the...
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May 8, 2026 / Tyler Durden
Closer Look Reveals April Jobs Report Was A Disaster, And AI Is Now Here To Take Your Job
Closer Look Reveals April Jobs Report Was A Disaster, And AI Is Now Here To Take Your Job
On the surface today's jobs report was very strong: headline payrolls came in nearly double the expected (115K vs 65K), with unemployment flat just so Trump's chief economist Kevin Hassett could push bullish taking points in today's TV circuit such as this one.
*HASSETT: 'RIP-ROARING' JOBS MARKET
Unfortunately, below the surface this was the ugliest jobs report in years, and one could say even more cooked than last month's laughable surge in jobs (which...
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Mar 8, 2026 / Tyler Durden
How To Ensure A Harmonious Future With AI
How To Ensure A Harmonious Future With AI
Authored by Peter Solomon via RealClearWire.com,
Artificial Intelligence (AI) presents human civilization with many spectacular benefits as well as the potential for significant dangers. AI can increase productivity, efficiency, creativity and research results in many industries. In medicine, AI can enhance the accuracy of diagnoses, design individualized treatments, and accelerate drug development. But AI will lead to significant job losses and could reduce privacy. And AI agents have encouraged human suicide, lied to users, and have been employed to create scams as well...
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Jun 17, 2026 / Tyler Durden
"The Situation Has Become Unsustainable": Apple To Hike Prices To Offset Soaring Memory Costs
"The Situation Has Become Unsustainable": Apple To Hike Prices To Offset Soaring Memory Costs
Up until now, Americans primarily hated the flood of data centers popping up around the country like mushrooms (at least those that haven't been canceled or delayed due to regulatory pushback, lack of electricity or outright hostility) because of surging electricity prices and the rising tide of unemployment as chabots gradually make America's white collar workers obsolete. Now they can add surging consumer price inflation to the list of reasons to hate data centers, whose ravenous...
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