Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including Visa, Spotify, eBay, PayPal and Uber – plus a ready-made user base of 2 billion people around...
Judge: PG&E Put Profits Over Wildfire Safety
SAN FRANCISCO — A U.S. judge berated Pacific Gas & Electric Corp. on Wednesday, accusing the nation's largest utility of enriching shareholders instead of clearing trees that can fall on its power lines and start fires and making "excuses" to avoid turning off electricity when fire risk is high. Judge...
Apple Drops iPhone Bombshell on Already Reeling Stock Market
SAN FRANCISCO — Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster. The reckoning came in a letter from Apple CEO Tim Cook to the company's shareholders released after the stock market closed Wednesday. Cook said Apple's revenue...
What Happens if PG&E Goes Bankrupt?
Investigators are massing. Lawsuits are mounting. The death toll in Butte County's historic Camp Fire stands at 88, so far. Another year, another megafire, another calamity in which faulty Pacific Gas and Electric equipment is a prime suspect. And once again, Californians face a familiar question: What’s going to happen...