PG&E Begins Preemptive Power Cuts as California Fire Risk RisesPacific Gas and Electric Co. said it’s shutting off power to some customers in northern and central California after dry weather and gusty winds elevated the risk of wildfires.
Prospect of Arctic Blasts Threatens Energy Traders’ El Niño BetsTraders are piling into bearish bets on US natural gas, wagering that a powerful El Niño will keep temperatures mild and curb heating demand this winter. A burst of Arctic cold risks upending the trade.
Stellantis CEO Dismisses Idea of Separating European, US BrandsStellantis NV Chief Executive Officer Antonio Filosa rejected the notion of separating the group’s European and US brands, saying the company’s strategy is based on all 14 of them “playing their unique role.”
Dual Tropical Storms Hit Both US Coasts With Floods and OutagesMore than 440,000 homes and businesses from Pennsylvania to Florida are without power and flood threats are rising at both ends of the country as the US deals with a rare double tropical threat from the remnants of storms Isaias off the Atlantic and Rachel moving into the Southwest from the Pacific.