PG&E tells regulators upcoming outages will go more smoothly

Friday, 14 August 2020, 00:43:45
Pacific Gas and Electric is promising regulators that it has learned from its mishandling of deliberate blackouts and won’t disrupt as many people’s lives during the pandemic this year
— ABC News

Call Traders Flock to Rising PG&E Stock

Thursday, 13 August 2020, 21:20:14
Calls have been popular in the options pits
— Schaeffers Investment Research

Legal-Bay Announces Update to California Wildfires Negligence Claims

Thursday, 13 August 2020, 13:00:00
SACRAMENTO, Calif., Aug. 13, 2020 /PRNewswire/ — Legal Bay Lawsuit Funding reports that California utility company PG&E recently admitted negligence in the 2018 Camp Fire that killed 84 people and destroyed the entire town of Paradise. The fire devastated hundreds of lives and wreaked…
— PR Newswire

Judge Orders PG&E in California to Beef up Safety

Tuesday, 11 August 2020, 00:58:38
A federal judge has ordered Pacific Gas and Electric to better inspect high-voltage power lines, hire more tree-trimming supervisors and upgrade records regarding the age of electrical equipment as part of efforts to prevent deadly and destructive wildfires and other …
— Insurance Journal

Dan Loeb Explains Why He Went Long Amazon, Disney In The Quarter He Returned As CIO

Thursday, 6 August 2020, 21:10:30
Dan Loeb Explains Why He Went Long Amazon, Disney In The Quarter He Returned As CIO Tyler Durden Thu, 08/06/2020 – 15:10 There were several notable highlights in the latest Third Point investor letter published today. The first is that following an ugly first quarter to 2020, Dan Loeb’s hedge fund returned 10.8% in its main, Offshore Fund (which however was merely half the broader market’s return in the same time period). As Loeb notes, “following further gains last month, we have substantially reduced losses incurred during the First Quarter, bringing year‐to‐date losses for the Offshore Fund to ‐3.7% through July 31” although that too is below bow the return of the S&P500 and of the MSCI showing that even the world’s best hedge funds are powerless to outperform the broader market when central banks themselves swoop in and take over capital markets in order to prop everything up. Also of note, in Q2, Loeb writes that the equity book returned ~9% on average net exposure of ~56%, with a 15% return in long equities offset by losses from short positions.
— Zero Hedge