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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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Mar 15, 2026 / Dave DeCamp
US Bombs Somalia for 44th Time This Year
US Africa Command has announced that its forces launched another airstrike in Somalia on March 11 as the Trump administration continues its bombing campaign in the country amid the US-Israeli war against Iran. The attack marks at least the 44th US airstrike in Somalia this year. AFRICOM said the strike targeted al-Shabaab in the vicinity […]
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Mar 5, 2026 / Dave DeCamp
Pope Leo Prays for World Leaders To ‘Abandon Projects of Death’ as US-Israeli War on Iran Escalates
The Vatican on Thursday released a video of Pope Leo XIV praying for world leaders to seek peace and disarmament as the US-Israeli war against Iran continues to escalate and spread across the region. “Today we lift up our prayer for peace in the world, asking that nations renounce weapons and choose the path of […]
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Feb 18, 2026 / Tyler Durden
Trump Tells Starmer 'Do Not Give Away Diego Garcia' As US May Need Island To Attack Iran
Trump Tells Starmer 'Do Not Give Away Diego Garcia' As US May Need Island To Attack Iran
Update(1504ET): President Trump has come up with another key argument for why Britain must not "give away" the key Indian Ocean territory and military base in the Indian Ocean - Diego Garcia. He says it will be crucial for use in an potentially imminent attack on Iran.
"Should Iran decide not to make a deal, it may be necessary for the United States to use Diego Garcia, and the Airfield located in Fairford, in...
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