A public insurance adjuster may help negotiate a better insurance payout for residents who lost their homes in the Los Angeles wildfires.

The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.

While the insurance cost of the devastation is estimated to be around $30 billion, another tally puts the total damage at upward of $250 billion.

Wall Street has embraced generative AI faster than any other disruptive tech in recent years because of how adept the models are in replicating human cognition.

Devastating fires in the Los Angeles area are likely to put modest pressure on the U.S. national economy in the

Amid the devastating wildfires in Los Angeles, some social media users are pointing fingers at OpenAI’s ChatGPT. The fires, which have burned over 17,200 acres, displaced tens of thousands and sparked heated discussions on climate policies and water management,

JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.

Analysts at Goldman Sachs warn that the recent fires in Los Angeles County might become the most costly in California's history. Losses could reach up to $40 billion (€38 billion), making it one of the 20 most expensive natural disasters in the US relative to GDP.

Goldman’s fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.