The report says that Southern Califonia Edison is conducting an internal investigation to look into an idle power line near the Altadena neighborhood, which isn’t supposed to be connected to the primary grid, as the source of the Eaton fire.
The US stock market fell on Thursday, Mar. 13, closing 10.1% below its previous peak, a decline that many analysts define as a “correction,” which is a slide ranging from 10% to 20%.
The CPI and PPI releases this week came in more or less at estimates - nothing to alarm the talking heads, anyway. They show inflation slowing down but not receding.
Bond market is warning of economic slowdown, causing investors to shift towards defensive assets like ETFs that focus on stability and essential industries.
Bank of America Securities views Vistra’s core business of baseload generation and competitive retail as well-positioned to benefit from tightening markets, increasing demand, and retail growth, regardless of data center deals.
