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[1/2] A view of burned debris after wildfires devastated the historic town of Lahaina, Maui, Hawaii, U.S., August 10, 2023. Maui County sued Hawaiian Electric last week, accusing the utility of negligently failing to shut off power and causing the devastating fires that destroyed the coastal town of Lahaina and killed more than 114 people. "We were surprised and disappointed that the County of Maui rushed to court even before completing its own investigation," CEO Shelee Kimura said in a statement. Even with Monday's rally, shares are still down more than 60% since the wildfires started on Aug. 8. "To the extent HECO (Hawaiian Electric Co) has information of a second ignition source, HECO should offer that evidence now.

Persons: Shelee Kimura, HECO, John Fiske, Raymond James, Pavel Molchanov, Arunima Kumar, Mrinalika Roy, Louise Heavens, Mark Potter, Maju Samuel, Shounak Organizations: Hawai'i Department of Land, Natural Resources, REUTERS, Hawaiian Electric Industries, Hawaiian Electric, Electric, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Maui County, West Maui, Bengaluru

☆ Maui wildfire: Hawaiian Electric says power lines started morning fire on August 8, but not afternoon Lahaina Fire
▼ + stars: | 2023-08-28 | by ( Natasha Chen Anna-Maja Rappard Cheri Mossburg | Natasha Chen | Anna-Maja Rappard | ) edition.cnn.com time to read: +3 min

CNN —Hawaiian Electric Company said that power lines falling in high winds seem to have caused a fire during the early morning of August 8, but power lines in West Maui had been de-energized for more than six hours by the time a second afternoon fire began in the Lahaina area. The company made the comments in a new response Sunday to a lawsuit filed by the County of Maui. In a press release, HECO mentioned videos showing that power lines had fallen to the ground in high winds near the intersection of Lahainaluna Road and Hookahua Street at approximately 6:30am. But that morning fire was declared 100% contained by the Maui County Fire Department by 9am, they said. By the time the Maui County Fire Department arrived back on the scene, it was not able to contain that fire, and it spread out of control toward Lahaina, the release says.

Persons: “ inexcusably, HECO, ”, John Fiske, “, Fiske, Shelee Kimura, ” Kimura Organizations: CNN, Hawaiian Electric Company, National Weather Service, Watch, Maui County Fire Department, Hawaiian Electric, Intermediate, ” CNN Locations: West Maui, Lahaina, County, Maui, Maui County

☆ Hawaii’s Big Utility Pushes Back on Blame for Deadly Wildfire
▼ + stars: | 2023-08-28 | by ( Ivan Penn | More About Ivan Penn | ) www.nytimes.com time to read: +1 min

Even before the inferno that engulfed the Maui resort of Lahaina is fully contained, local officials and Hawaii’s leading utility are at odds over a fundamental question: Did a single fire break out in the hills overlooking the town on the fateful day, or were there two? The answer may be crucial to establishing the cause of the disaster and the liability for it. The utility, Hawaiian Electric, acknowledged for the first time late Sunday that its power lines, buffeted by uncommonly high winds, fell and ignited a fire early on the morning of Aug. 8. But the company said that by 6:40 a.m. — minutes after the first reports of a fire — the windstorm had caused its lines in the area to shut off automatically. The cause of that fire, the utility said, “has not been determined.”

Persons: “, ” Organizations: Electric, Maui County Department of Fire Locations: Lahaina, Maui County, midafternoon

☆ Hawaiian Electric points finger at Maui County over devastating wildfires, stock jumps 40%
▼ + stars: | 2023-08-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Search and recovery team members check charred buildings and cars in the aftermath of the Maui Fires in Lahaina, West Maui, Hawaii, August 17, 2023. "We were surprised and disappointed that the County of Maui rushed to court even before completing its own investigation," Hawaiian Electric CEO Shelee Kimura said in a statement Sunday. The small fire near the downed poles spread into a field near Lahaina Intermediate School. The Maui County Fire Department responded to the morning fire and declared it had been extinguished, according to the company's account of events leading up to the wildfires. Hawaiian Electric said the power had been off for hours when the crew witnessed that second fire in the field.

Persons: Shelee Kimura, Kimura Organizations: Electric, Lahaina Intermediate School, Maui County Fire Department, Hawaiian Locations: Maui, Lahaina , West Maui, Hawaii, Maui County, Lahaina

☆ Vivek Ramaswamy has Iowa voters curious, but not yet committed, after standout debate
▼ + stars: | 2023-08-27 | by ( Aaron Pellish | ) edition.cnn.com time to read: +19 min

That’s the true mark of a real milestone on this campaign,” Ramaswamy joked. For many voters in Iowa, the debate was their introduction to the 38-year-old candidate. A survey of potential Republican primary voters who watched the debate conducted by The Washington Post, FiveThirtyEight and Ipsos showed 26% of voters thought Ramaswamy won the debate, second highest behind DeSantis. Still, the Ramaswamy campaign said it raised $600,000 in the day after the debate, the largest single-day total since its launch. The Ramaswamy campaign plans to continue visiting Iowa and answering voter questions like Christensen’s around the state, Chapman told CNN.

Persons: Vivek Ramaswamy’s, Ramaswamy, ” Ramaswamy, Ron DeSantis, Donald Trump, “ I’m, ” Mara Brown, Brown, she’s, ”, Mike Pence, Chris Christie, Nikki Haley, ” Haley, “, Ipsos, Ramaswamy’s, Melissa Berry, she’d, ” Berry, he’s, Jake Chapman, ” Chapman, That’s, Vivek Ramaswamy, Apoorva, Ramaswamy hadn’t, didn’t, Milt Van Grundy, Van Grundy, Trump, who’s, Haloti Tukuafu, Joe Biden, “ Trump, Vivek, ” Tukuafu, Pam McCumber –, –, “ He’s, ” McCumber, DeSantis, Haley, Pence, Gene Smith, Terry, pushback Trump, ” Gay Lee Wilson, ” Wilson, ‘ There’s, Cory Christensen, ” Christensen, Richard Nixon’s, Christensen, Nikki, you’ve, you’re, ’, “ There’s, Chapman, Hillary Ferrer, leapfrog DeSantis, He’s, ” Ferrer Organizations: Iowa CNN —, Republican, Florida Gov, CNN, Trump, ”, Former New Jersey Gov, South, United Nations, The Washington Post, Atlantic, Quinnipiac, Republicans, “, America, NATO, Raytheon Locations: Urbandale, Iowa, Des Moines , Iowa, South Carolina, Russia, China, Ukraine, Taiwan, Israel, America, Milwaukee, Winterset , Iowa, Ramaswamy’s Iowa, Ohio, Marshalltown , Iowa, Washington ,, Florida, Indianola, Maui, Clarion , Iowa, Newton , Iowa, “, Des Moines, Pleasant Hill , Iowa, Waukee , Iowa, Winterset, Pella , Iowa

☆ Ron DeSantis leaves campaign trail and returns to Florida amid crises
▼ + stars: | 2023-08-27 | by ( Steve Contorno | ) edition.cnn.com time to read: +7 min

Ron DeSantis left the campaign trail Sunday and returned to his state to navigate the crises. Before speaking on the storm, DeSantis read a statement addressing the attack at a Dollar General store in Jacksonville. DeSantis’ return to Florida to manage two high-profile crises comes as he has intensified his criticism of President Joe Biden’s response to the Maui wildfires. “As somebody that’s handled disasters in Florida, you’ve got to be activated. DeSantis was elected in the aftermath of Hurricane Michael, a powerful, destructive storm that ripped through the Florida panhandle.

Persons: Ron DeSantis, DeSantis, Idalia, ”, “, ” DeSantis, Donald Trump, we’re, Jeff Duncan’s, Casey, Bryan Griffin, Joe Biden’s, Biden, “ Biden, that’s, you’ve, You’ve, rallys, Carlos Guillermo Smith, Councilwoman Ju’Coby Pittman, Hurricane Michael, Ian Organizations: CNN, Republican, GOP, South Carolina Rep, Faith, National Hurricane Center, Hawkeye State, Jacksonville Locations: Gulf of Mexico, Florida’s, Tallahassee, Jacksonville, Florida, South Carolina, Cuba, Mexico, of Mexico, Iowa, Milwaukee, Georgia, Orlando, Israel, Hurricane, DeSantis

☆ Evacuation order lifted for West Maui
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Aug 26 (Reuters) - The Hawaii Emergency Management Agency on Saturday briefly issued an evacuation order for West Maui due to brush fire. The order was in place for Anapuni Loop to West Mahipulu, the agency said in a post on X, formerly known as Twitter. The order was subsequently lifted after firefighters stopped forward movement of the fire, the agency said in a follow-up post. Expect conditions that may make driving difficult and watch for public safety personnel operating in the area," the order said. Reporting by Jasper Ward, Editing by Nick Zieminski and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: West Mahipulu, Jasper Ward, Nick Zieminski, Andrea Ricci Organizations: Hawaii Emergency Management Agency, Twitter, Thomson Locations: Hawaii, Maui, West, Lahaina

☆ Biden spent August trying to escape Washington. But fall realities await him
▼ + stars: | 2023-08-27 | by ( Kevin Liptak | ) edition.cnn.com time to read: +7 min

Heading home from Lake Tahoe on Saturday, President Joe Biden exchanged a week of waterfront seclusion for the more workaday realities of running the country from Washington. Like many presidents, Biden spent a good portion of August away from the White House, trading the capital’s stifling heat for the beach or the mountains. Of the first 26 days in August, Biden spent only one day entirely at the White House. He also held events at the White House marking his legislative accomplishments. The White House did detail some of the presidential tasks Biden undertook.

Persons: Sunshine, Joe Biden, Biden, ” Biden, Jill Biden, Hunter, Ashley, Jake Sullivan, Volodymyr Zelensky, Tom Steyer, Donald Trump, Barack Obama, Biden couldn’t, Jim Watson, Vladimir Putin, Yevgeny Prigozhin, “, Putin, ”, “ I’ve, Evan Vucci, Trump, Hunter –, wasn’t, Obama Organizations: White House, White, Camp David, Democratic, Secret Service, Wagner Group, Ukraine Locations: Lake Tahoe, Washington, Maui, West Coast, Russian, Ukraine, Jacksonville , Florida, Hawaii, Camp, Delaware, Wilmington, Rehoboth Beach, Tahoe, Glenbrook, New Jersey, Rehoboth Beach , Delaware, AFP, United States, Russia, South Lake Tahoe , California, Fulton County

☆ Maui business owners need tourism to survive, but say visitors should rethink how they use resources: 'It's not Disneyland'
▼ + stars: | 2023-08-27 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Now, businesses say they need tourism to stay afloat and keep their workers employed. Kawakami said in the short term, though, local businesses need visitors to come back. But right now, local businesses need tourists in the short run to survive, and some told Insider that residents urging tourists to stay away were misguided. What locals say relief should look likeOn Thursday, Sen. Brian Schatz of Hawaii said on Twitter that South Maui resorts "NEED visitors," adding "now we have housed virtually everyone, temporarily." AdvertisementAdvertisement"It was through the efforts of local community, not the government," Nakoa said.

Persons: Garrett Marrero, Marrero, Kyle Kawakami, Kawakami, COVID, we're, Kaniela Ing, " Marrero, Sen, Brian Schatz, Josh Green of, Green, Ing, Julia Tallman, Leonard Junya Nakoa, Nakoa, Tallman, She's, she's Organizations: Service, Maui Brewing Company, Maui Brewing, —, Green New Deal Network, Hawaii, Twitter, Maui Economic Development Board, New Deal Locations: Maui, Wall, Silicon, Lahaina, West Maui, Josh Green of Hawaii

☆ Opinion | A Legacy of Colonialism Set the Stage for the Maui Wildfires
▼ + stars: | 2023-08-27 | by ( Yarimar Bonilla | ) www.nytimes.com time to read: +2 min

Hawaii residents, like Puerto Ricans, who faced disasters before them, are not asking to be saved. They ask only to be allowed to help themselves in the face of failing emergency services and federal aid. But the entrenched vulnerabilities produced by colonialism are not so easily overcome. For example, some residents have been begging tourists to stay away as the community recovers. It will only worsen if weeks of absent federal aid turn into months of bureaucratic labyrinths and endless red tape, as has happened so often.

Persons: Hurricane Maria Organizations: Puerto Ricans, Hurricane, FEMA Locations: Hawaii, Puerto, The State

☆ How forensic investigators use DNA, fingerprints and other methods to identify remains after a fire
▼ + stars: | 2023-08-26 | by ( Eric Levenson | ) edition.cnn.com time to read: +14 min

“DNA has been really extremely helpful for us, with the Rapid DNA,” said Alison Galloway, professor emerita of anthropology at the University of California-Santa Cruz, who helped identify remains during the Camp Fire. “If you don’t have that … then it’s a lot more difficult.”In general, forensic experts rely on DNA, dental analysis, fingerprints, medical hardware or circumstantial evidence to try to identify remains. “We’re still diligently working trying to make sure that we can identify (remains), and that’s why that DNA is so important, because we got fingerprints from three,” he said. Galloway, the forensics professor, said one of the advantages of the Rapid DNA technology is in quickly determining whether a DNA swab is usable. Maui asks for family members to come forwardFor Rapid DNA to work, family members of the missing have to willingly submit to DNA swabs.

Persons: ”, Alison Galloway, Santa Cruz, Josh Green, CBS’s, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, John Pelletier, “ We’re, Stephen Meer, Sudhin, –, Meer, we’ve, you’ve, you’re, ” Meer, Jonathan Masaki Shiroma, what’s, …, Robert Quinn, “, Robert Quinn’s Organizations: CNN, University of California, New York Times, Getty, Reuters, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, AP, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, ANDE Corp, Forensic Science, Fire, FBI, Maui Emergency Management Agency Locations: Maui, California, Santa, Hawaii, Lahaina , Hawaii, Lahaina, AFP, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, Las Vegas, Church, Lahaina Hongwanji, Paradise , California, Galloway, Ukraine, ”, Butte County

☆ Maui conspiracy theories are spreading on social media. Why this always happens after a disaster
▼ + stars: | 2023-08-26 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN —A slew of viral conspiracy videos on social media have made baseless claims that the Maui wildfires were started intentionally as part of a land grab, highlighting how quickly misinformation spreads after a disaster. Still, conspiracy theories continue to circulate as nearly 400 people are still unaccounted for. It’s not uncommon for conspiracy theories to make the rounds after a national crisis. Social media platform X did not immediately respond to a request for comment. That means posts sharing conspiracy theories that spark fear and emotion may perform better in a crisis than those sharing straightforward, accurate information.

Persons: hasn’t, Hurricane Dora, It’s, Renee DiResta, ” DiResta, “, ”, TikTok, Elena Hernandez, ” Hernandez, Instagram, Michael Inouye, ” Inouye Organizations: CNN, Electric, Stanford University, SpaceX, YouTube, ABI Research Locations: Maui —, Maui, Hurricane, ”, California, Hawaii

Emergency sirens on Maui, part of Hawaii's decades-old early warning system, never sounded. But authorities are finding existing emergency alert systems insufficient for these new threats - sometimes with deadly results. NEW CHALLENGESAcross much of the world, warning systems for natural disasters have not evolved in response to climate change, according to Schlegelmilch. While each locality faces a distinctive threat landscape and needs a unique warning system, disaster management experts see some solutions that can be applied everywhere. The county also acquired a warning system that can send alerts to cellphones, fixed phone lines, emails - and even fax machines.

Persons: Mike Blake, Jeffrey Schlegelmilch, Chris Gregg, Adam Weintraub, Bill Parker, Parker, Mike Chard, Chard, Laura Brewington, Julia Harte, Brad Brooks, Paul Thomasch, Jonathan Oatis Organizations: REUTERS, National Center for Disaster Preparedness, Climate, East Tennessee State University, Hawaii Emergency Management Agency, U.S . National Weather Service, Boulder Office, Disaster, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Canada, Vermont, United States, Columbia, Jackson , Mississippi, Colorado's, Boulder, Boulder . Boulder, Chard, Boulder County, Pacific

☆ Fact-Checking Vivek Ramaswamy on the Campaign Trail
▼ + stars: | 2023-08-26 | by ( Linda Qiu | More About Linda Qiu | ) www.nytimes.com time to read: +2 min

First, Mr. Manuel is not an “Obama appointee” but rather participated in a leadership development program run by the Obama Foundation in 2019. Noting high winds and drought, the company requested permission to fill a private reservoir for fire control, though the reservoir was not connected to fire hydrants. The water agency asked the company whether the fire department had made the request, received no answer and said that it needed the approval of a farmer who relied on the water for his crops. The company said that it could not reach the farmer, but that the agency approved the request hours later. The executive, in another letter, also wrote that “we would never imply responsibility” on Mr. Manuel’s part.

Persons: Manuel, Obama, ”, Ramaswamy, Ramaswamy’s Organizations: Obama Foundation, Mr, Maui Land Company, The New York Times Locations: Hawaii, Lahaina, Maui, The

☆ Indexes end higher in volatile trade as investors assess Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. Powell "is demonstrating that he is pleased with how far monetary policy has come and how inflation has been reduced. All of the major S&P 500 sectors rose, with consumer discretionary (.SPLRCD), technology (.SPLRCT) and energy (.SPNY) among the top gainers. Reuters GraphicsThe S&P 500 and Nasdaq also ended higher for the week, with the Nasdaq rising about 2.3% and ending a three-week streak of losses. The S&P 500 posted 6 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 23 new highs and 202 new lows.

Persons: Jerome Powell, Powell, Michael Arone, Brendan McDermid, Nordstrom, Caroline Valetkevitch, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: Marvell Technology, Nordstrom, Dow, Nasdaq, Federal, State Street Global Advisors, Dow Jones, Reuters, Traders, New York Stock Exchange, REUTERS, Hostess Brands, Hawaiian Electric Industries, NYSE, Thomson Locations: U.S, , Wyoming, Boston, New York City, Hawaii, Maui

☆ Indexes end higher in volatile trade as investors take in Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. According to preliminary data, the S&P 500 (.SPX) gained 29.01 points, or 0.66%, to end at 4,405.32 points, while the Nasdaq Composite (.IXIC) gained 125.16 points, or 0.93%, to 13,589.13. All of the major S&P 500 sectors ended higher, with energy (.SPNY), consumer discretionary (.SPLRCD) and technology (.SPLRCT) among the top gainers. The S&P 500 and Nasdaq also ended higher for the week, with the market gaining in the run up to Nvidia's (NVDA.O) second-quarter results.

Persons: Brendan McDermid, Jerome Powell, Powell, Michael Arone, Nordstrom, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Nordstrom, Federal, Nasdaq, Dow Jones, State Street Global Advisors, Hostess Brands, Reuters, Thomson Locations: New York City, U.S, , Wyoming, Boston, Hawaii, Maui, New York

☆ Fact Check-Video of crowd insulting Biden during Maui visit is altered
▼ + stars: | 2023-08-25 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

(Editor’s note: Article contains profanity in paragraph two)A video of U.S. President Joe Biden during his Aug. 21 visit to Maui, Hawaii, has been altered to include audio of a crowd yelling insults at him. In examples (here), (here), the clips show Biden and his wife Jill walking among ruins after the fires on Maui, while audio of chanting “fuck Joe Biden” is heard in the background. One of the earliest examples sharing the video is a parody account (here). Biden visited Maui after devastating wildfires killed more than 114 people in August 2023 (here). The video of Biden has been altered to include audio of a crowd yelling insults.

Persons: Joe Biden, Biden, Jill, Joe Biden ”, Read Organizations: YouTube, CBS News, Washington Post, Reuters Locations: Maui, Hawaii

☆ Fact Check-Claim about US Marines attacking FEMA convoy stems from hoax website
▼ + stars: | 2023-08-25 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A convoy carrying members of the Federal Emergency Management Agency (FEMA) involved in response and recovery efforts amidst wildfires in Maui, Hawaii was not “neutralized” by a platoon of U.S. Marines, a spokesperson for FEMA has said. On its “About Us” page, Real Raw News states that the website contains “humor, parody, and satire” (archive.li/eJT7b). Yet, screenshots of the article on social media duped people into thinking it is real. Reuters Fact Check has previously addressed information published by the site that similarly duped people online (here), (here). A FEMA spokesperson said its members were not attacked by U.S. Marines in Hawaii in August 2023.

Persons: ”, Read Organizations: Federal Emergency Management Agency, FEMA, . Marines, Raw, Marine, Reserve, Raw News, Department of Defense, Reuters, U.S, Marines Locations: Maui, Hawaii, Lahaina

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Jerome Powell to speak at 10:05 a.m. Powell is scheduled to deliver a keynote speech at 10:05 a.m. "While Powell is unlikely to be anywhere near as hawkish as he was last year, he won't want to declare victory either." ET, Dow e-minis were up 106 points, or 0.31%, S&P 500 e-minis were up 10 points, or 0.23%, and Nasdaq 100 e-minis were up 5 points, or 0.03%.

Persons: Brendan McDermid, Jerome Powell, Powell, Michael Hewson, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Dow, Nasdaq, Federal, CMC, Fed, Traders, Nvidia, Microsoft, Dow e, Marvell Technology Inc, Thomson Locations: New York City, U.S, Maui

☆ Stock Market Today: Dow Futures Edge Up Ahead of Powell's speech
▼ + stars: | 2023-08-25 | by ( ) www.wsj.com time to read: +1 min

All eyes turn to Jackson Hole—the mountain retreat that once a year becomes a big deal for central-bank watchers. Investors will parse his words for insight into whether the central bank may raise interest rates again this year. Investors now see a near-50% chance of another rate hike by year-end, a significant increase from last week, futures pricing shows. Ahead of Powell's speech, bond yields and stock futures edged higher. European stocks rose slightly, ahead of a speech at Jackson Hole by European Central Bank President Christine Lagarde.

Persons: Jackson, Jerome Powell, Christine Lagarde, Angus Berwick Organizations: Hawaiian Electric Industries, Maui County, European Central Bank, Beijing, Japan’s Nikkei Locations: Maui

☆ Lending startup Captain raised $107 million in the boom times. Now it's up for sale amid layoffs and a capital drought.
▼ + stars: | 2023-08-25 | by ( Melia Russell | Rob Price | ) www.businessinsider.com time to read: +6 min

Captain, a startup that aimed to quicken home repairs after natural disasters, is winding down. The Louisville-based company had previously raised $107 million across venture and debt equity. CartaMany early-stage startups such as Captain, which had raised $107 million across equity and debt capital, have struggled to raise new funding as a drought in venture capital spreads through Silicon Valley. Liabilities pile upThe company relies on debt financing to pay contractors upfront for materials, supplies, and labor costs. In his email, Gray said prospective buyers were aware of the outstanding liabilities and the sale price would be used to satisfy those liabilities, "with wages being the most paramount," he said.

Persons: Demetrius Gray, Gray, Captain, Red Swan, Pete Flint, Flint, PATRICK T, FALLON, Talent, Melia Russell, Rob Price Organizations: quicken, Carta, TechCrunch, GGV, fintech, Munich Re, San Francisco Superior Court Locations: The Louisville, Silicon Valley, Carta, Louisville , Kentucky, NFX, CoVenture, Munich, Maui

The week after devastating wildfires swept across Maui, Hōkūlani Holt walked to the center of a grassy courtyard about 12 miles from Lahaina, just over the island’s steep mountains. A kumu hula, or hula teacher, Ms. Holt gathered about 50 listeners into a half-circle, and exhorted them to “lift your voice.” They each held a cup of water, a connection between the body, soul and ʻāina, Hawaiians’ expansive idea of the land. Several men and women blew hollowed-out bamboo pipes called pū ʻohe, producing a deep, trumpetlike sound. Then, led by Ms. Holt’s voice, the group began to chant. After the country’s deadliest fire in more than a century — at least 115 people have been confirmed dead, with hundreds still missing — practical recovery responses were clicking into place: food distribution, debris cleanup, a visit from the president.

Persons: Hōkūlani Holt, Holt, ”, Holt’s Locations: Maui, Lahaina

☆ Stocks making the biggest moves premarket: Marvell Technology, Affirm, Hawaiian Electric and more
▼ + stars: | 2023-08-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Marvell posted earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. For the recent period, Affirm posted a smaller-than-expected loss of 69 cents per share on revenues of $446 million. Intuit posted $2.71 billion in revenue, ahead of the $2.64 billion expected. Analysts polled by Refinitiv had anticipated earnings of $5.85 per share on $2.51 billion in revenue, according to Refinitiv. Adjusted earnings per share came in at 34 cents, ahead of the 9 cents expected by analysts polled by Refinitiv.

Persons: Marvell, Refinitiv, Nordstrom, Ulta, Alan Gould, —, Jesse Pound, Sarah Min, Michelle Fox Organizations: Marvell Technology, Hawaiian Electric, Electric, NBC News, Intuit —, Refinitiv, Intuit, AMC Entertainment, Netflix Locations: Maui

☆ Stocks making the biggest moves midday: Nordstrom, Hasbro, Hawaiian Electric, Affirm and more
▼ + stars: | 2023-08-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Nordstrom — The department store retailer sank 8.6% even after topping fiscal second-quarter earnings and revenue expectations. Earnings came in 40 cents ahead of the 44 cents expected by analysts polled by Refinitiv. Revenue was $1.79 billion, versus the $1.77 billion expected. Gap's revenue was $3.55 billion, below the $3.57 billion expected. Earnings per share came in at 33 cents for its second quarter, versus the 32 cents expected, according to Refinitiv.

Persons: Nordstrom, Ulta, Morgan Stanley, Yun Li, Hakyung Kim, Alex Harring, Samantha Subin, Michael Bloom Organizations: Refinitiv, Hawaiian, National Weather Service, NBC, Hasbro, Bank of America, Revenue, Intuit —, Refinitiv . Revenue, Marvell Technology, Marvell, Analysts, AMC Locations: Maui, Refinitiv

☆ Maui wildfires: Nearly 400 remain unaccounted for in Maui after deadly wildfires, FBI-curated list shows -- a big decline from prior estimates
▼ + stars: | 2023-08-25 | by ( Michelle Watson Kelly Mccleary Cheri Mossburg Anna-Maja Rappard Natasha Chen | Michelle Watson | Kelly Mccleary | ) edition.cnn.com time to read: +17 min

Search crews and cadaver dogs have searched 100% of single-story homes in the disaster area, Maui County officials said Tuesday. Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11. “Our primary focus in the wake of this unimaginable tragedy has been to do everything we can to support not just the people of Maui, but also Maui County. Hawaiian Electric Company serves 95% of the state’s customer base. CNN has reached out to Maui County and the Maui Police Department for comment on Krau’s claims.

Persons: who’s, “, John Pelletier, Josh Green, geolocating, Steven Merrill, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, John Moore, it’s, Jim Kelly, ”, Darren Pai, “ inexcusably, John Fiske, ‘, Nicholas Krau, ” Krau, Krau Organizations: CNN, FBI, ” Police, ”, Analysis, New York Times, Getty, Reuters, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, AP, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Hawaiian Electric, Hawaiian Electric Company, ATF, Electric, National Weather Service, Watch, State of Hawaii Organization of Police, Maui Police Department Locations: Maui, Maui County, ” Hawaii, Lahaina –, Hawaii, Lahaina , Hawaii, Lahaina, AFP, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, California, Las Vegas, Church, Lahaina Hongwanji, Olinda

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