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Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
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The S&P 500 rose 3.6 percent, its biggest weekly gain since last year. Investors are bracing for developments in peace talks between the United States and Iran, set for the weekend.
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Since 2013, the state's largest utility has repeatedly postponed upgrades to the high-voltage line that ran near Paradise, Calif., records show. The story of the Caribou-Palermo line is part of California's wildfire reckoning and at the center is PG&E and its track record of safety lapses.
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