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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 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

☆ 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

With 115 people confirmed deceased, the wildfire that destroyed Lahaina is already the deadliest in the U.S. in more than a century. But the difficult process of identifying and transporting human remains in an all-but-incinerated town means there might never be answers about many of the hundreds of people who are still unaccounted for.

Locations: Lahaina, U.S

☆ 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

☆ Personal emergency kits are a growing market in an uncertain world
▼ + stars: | 2023-08-26 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +8 min

Ripple effects from international incidents also affect the US emergency kit market. “More people are thinking about (emergency preparedness) and those that always have been are spending more.”Federal data backs it up. Many experts say while buying emergency kits might be helpful, the most important preparedness actions will not hurt your wallet. Patrick T. Fallon/AFP/Getty ImagesCrager warns people who choose to purchase extensive disaster kits should not be lulled into a false sense of security. It’s one of the most important steps we can take.”For more information on FEMA disaster preparedness recommendations, visit www.ready.gov.

Persons: ”, Trevyn Reese, Reese, Hilary, Bryan Woolston, Joel Stuart, “, Christian Schauf, Stuart, Lea Crager, FEMA’s, you’re, Patrick T, Fallon, ” Schauf, ‘, Jeff Schlegelmilch Organizations: New, New York CNN, Federal Emergency Management Agency, Ready, Hardware, Walmart, Tropical, Reuters Sirius Survival, Supply, Amazon, Sirius, Norfolk Southern, Federal, Preparedness Survey, FEMA, Getty, National Center for Disaster Preparedness, Columbia University Locations: New York, California, Cathedral City , California, Hawaii, Norfolk, East Palestine , Ohio, North Korea, United States, Russia, Ukraine, Lahaina , Hawaii, AFP, www.ready.gov

☆ 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

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 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

☆ In Their Own Words: Lahaina cafe owner loses business and home
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIn Their Own Words: Lahaina cafe owner loses business and homeHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: CNBC Locations: Lahaina

☆ Nearly 400 people still missing after Maui fires
▼ + stars: | 2023-08-25 | by ( Deon J. Hampton | ) www.cnbc.com time to read: +3 min

A general view shows damage in the fire ravaged town of Lahaina on the island of Maui in Hawaii, U.S., August 15, 2023. MAUI, Hawaii — The County of Maui on Thursday night released the names of nearly 400 people who remain officially unaccounted for, two weeks after a devastating wildfire swept through the island. The 388 names were compiled by the Federal Bureau of Investigation and deemed validated with first and last names, county officials said. In a statement Thursday, Hawaiian Electric said its focus in the aftermath of the fires has been to support the people of Maui and Maui County. "We are very disappointed that Maui County chose this litigious path while the investigation is still unfolding," it said.

Persons: John Pelletier Organizations: Federal Bureau of Investigation, Police, Authorities, Hawaiian Electric Co, Hawaiian Electric, Electric, EPA, NBC Locations: Lahaina, Maui, Hawaii, U.S, MAUI, The County, West Maui, Maui County

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

☆ 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

[1/2] A view of burned debris after wildfires devastated the historic town of Lahaina, Maui, Hawaii, U.S., August 10, 2023. Officials also encouraged relatives to submit the names of anyone else still missing and to provide DNA samples to assist in identifying remains. Officials had said earlier in the week that they had a running list of 1,000 to 1,100 people still unaccounted for. On Thursday, Maui County sued Hawaiian Electric (HE.N) for failing to shut down its equipment despite warnings that the high winds could knock down power lines. "We are very disappointed that Maui County chose this litigious path while the investigation is still unfolding," the company said in response to a request for comment.

Persons: John Pelletier, Joseph Ax, Julia Harte, Frank McGurty, Jonathan Oatis Organizations: Hawai'i Department of Land, Natural Resources, REUTERS, FBI, Police, Hawaiian Electric, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Minnesota, Wisconsin, Maui County

☆ Hawaii calls for tourists to visit Maui as unemployment claims surge after deadly wildfires
▼ + stars: | 2023-08-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Supplies for Lahaina fire victims are gathered and delivered by Hawaiians sailing on a large catamaran who often sail around the world together to Lahaina neighborhoods. Officials in Hawaii are encouraging tourists to visit Maui to help support the economy as unemployment claims surge on the island in the wake of deadly wildfires in the western region. But the governor and the Hawaii Tourism Authority are encouraging tourists to visit all other areas of Maui to help support a local economy that is suffering in the wake of the blaze. Sen. Brian Schatz said furloughs and layoffs are starting to pick up because people think the whole island is closed. Unemployment claims in Maui have skyrocketed from 130 shortly before the blaze to 4,449 as of last week, according to data from the Hawaii Department of Business, Economic Development and Tourism.

Persons: Josh Green's, Sen, Brian Schatz, furloughs Organizations: Gov, Hawaii Tourism Authority, Hawaii Department of Business, Economic, Tourism Locations: Lahaina, Hawaii, Maui, West Maui

☆ Hawaii wildfires: Maui names 388 people who are still missing weeks after deadly blaze
▼ + stars: | 2023-08-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Fire damage is seen from US President Joe Biden's motorcade in Lahaina, Hawaii, on August 21, 2023. Maui police and the FBI have named 388 people who are still missing nearly three weeks after the deadly wildfires that destroyed the town of Lahaina. The FBI compiled and validated the list after receiving the missing individuals' first and last names from someone with a verified contact number, according to a Maui County statement issued late Thursday. Maui County called on the public to contact the FBI as soon as possible if they can confirm that any of the people listed as missing are in fact safe. The names were released on the same day Maui County sued the utility company Hawaiian Electric for damages over its alleged role in triggering the wildfires.

Persons: Joe Biden's Organizations: FBI, Maui County's, Maui County, Electric, National Weather Service Locations: Lahaina , Hawaii, Maui, Lahaina

☆ Hawaiian Electric shares sink on wildfire lawsuit, dividend pause, ratings cut
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Aug 25 (Reuters) - Hawaiian Electric shares (HE.N) on Friday plunged to their lowest level since 1984 as a lawsuit alleging negligence leading to Maui wildfires raised investor worries over the financial health of the utility that has paused dividend payout. "We are very disappointed that Maui County chose this litigious path while the investigation is still unfolding," the company told Reuters. S&P Global Ratings, meanwhile, initiated its second rating cut on the company and its units this month, to 'B-' from 'BB-'. Moody's and Fitch have also lowered Hawaiian Electric to junk status. Its shares have lost more than half of its market value since the Aug. 8 wildfire.

Persons: Wells, Jonathan Reeder, Moody's, Fitch, Reeder, Medha Singh, Arunima Kumar, Arun Koyyur Organizations: Electric, Maui, Reuters, Hawaiian Electric Industries, Thomson Locations: Maui, Honolulu, Lahaina, Bengaluru

Hawaiian Electric CEO Shelee Kimura received a cash bonus in 2022 based on her performance against 10 measures including profit and customer satisfaction. Wildfire risk mitigation was not on the list, according to the utility’s pay disclosures. Wildfire risk had been a concern for several years before the blaze ripped through Lahaina, a historic resort town in Maui. Idacorp declined to comment on its pay practices and how they relate to wildfire mitigation. “You don’t want a wildfire disaster to be the catalyst for a change in public policy,” said Glazer, who supports linking executive pay to wildfire mitigation.

Persons: Mike Blake, ”, Alison Silverstein, Shelee Kimura, Kimura, “, Michael Cerasoli, Michael Underhill, Brian Buckham, ” Buckham, Idacorp, Larry Glazer, Glazer, Tim McLaughlin, Tom Hals, Peter Henderson, Noeleen Walder, Rich Valdmanis, Marguerita Choy Organizations: Workers, REUTERS, Hawaiian Electric, U.S . Federal Energy Regulatory, Electric, Hawaii Wildfire Management Organization, San Diego Gas &, Global Renewable Energy Income Fund, Reuters, Capital Innovations, SEC, Portland General Electric Co, Boston’s Mayflower Advisors, Thomson Locations: Lahaina, Maui, Hawaii, U.S, California, Honolulu, Maui ., Idaho , Oregon, Washington, Idaho

Officials have been bracing the public for the likelihood that the number of confirmed dead from the fires — which stands at 115 — will rise substantially. officials, along with Maui Police, the Red Cross and other agencies, examined various lists compiled by shelters, cross referencing and combining them into one tally. Many people died near Front Street in Lahaina, which runs along the sea wall, in their cars or in the ocean. So far, the authorities have released the names of 35 people who are confirmed dead and have been identified through DNA testing. On Thursday, the first child, a 7-year-old, was added to the list of confirmed deaths.

Persons: Mr, Pelletier, F.B.I Organizations: Maui Police Locations: Lahaina

☆ GOP Debate: ‘Rookie’ Ramaswamy and Absent Trump in the Spotlight
▼ + stars: | 2023-08-24 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Lahaina Residents Allowed to Return for First Time Since Maui Fire Residents were able to enter Lahaina on Wednesday for the first time since wildfires devastated the historic town last week. WSJ joined Pamela Tumpap, the president of Maui’s Chamber of Commerce, to see the damage. Photo: Yuki Iwamura/AFP

Persons: Pamela Tumpap, Yuki Iwamura Organizations: Maui Fire Residents, Maui’s Chamber of Commerce Locations: Lahaina, Maui

☆ Maui Alleges Hawaiian Electric Caused Lahaina Wildfire
▼ + stars: | 2023-08-24 | by ( Jim Carlton | Katherine Blunt | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/climate-environment/maui-alleges-hawaiian-electric-caused-lahaina-wildfire-d520f85a

Persons: Dow Jones Locations: maui, lahaina

☆ Biden Didn’t Hear Question on Maui He Appeared to Brush Off, White House Says
▼ + stars: | 2023-08-24 | by ( Erica L. Green | More About Erica L. Green | ) www.nytimes.com time to read: +1 min

Eleven days after President Biden drew criticism for appearing to brush off a query about the deadly wildfires in Hawaii with a “no comment,” a White House spokeswoman said on Thursday that the president never heard the question. Olivia Dalton, the deputy White House press secretary, made the clarification in response to a question from The New York Times. “He didn’t hear the question,” Ms. Dalton said. “He absolutely didn’t say ‘no comment’ in relation to Maui. And in fact, he had already spoken to the nation about Maui at that point, in addition to being in daily contact with senior staff, FEMA and state officials as he marshaled a whole-of-government response to the fires.”

Persons: Biden, ”, Olivia Dalton, Biden’s, Ms, Dalton, “ Organizations: White, The New York Times, Republican, FEMA Locations: Hawaii, Lahaina, Maui, Rehoboth Beach, Del

☆ Could Fed Chair Powell’s Jackson Hole speech send stocks plunging again?
▼ + stars: | 2023-08-24 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —With Nvidia earnings out of the way, the next test for US markets is Federal Reserve Chair Jerome Powell’s annual speech at the Jackson Hole economic summit on Friday. “In August of 2022, Powell knew the Fed had several more rate hikes to go. Macy’s sounds the alarm on credit card delinquenciesMacy’s is warning of a spike in customers who are failing to make credit card payments, adding to the evidence of mounting financial stress on consumers, reports my colleague Matt Egan. This situation is hurting Macy’s business, driving down credit card revenue by 36% year over year and contributing to a quarterly loss, he said. Citing worsening consumer leverage metrics, Macy’s is bracing for a further increase in “bad debt” in its credit card portfolio.

Persons: Jerome Powell’s, Powell, ”, — Powell, “, Tom Graff, Matt Egan, ” Adrian Mitchell, Danielle Wiener, Bronner, Qiana Di, Di Bari, Read Organizations: CNN Business, Bell, New York CNN, Nvidia, Kansas, Fed, Dow Jones, “, Bureau of Labor Statistics Locations: New York, Wyoming, Maui, United States, Qiana Di Bari, Lahaina, Kahului

☆ Maui government files lawsuit, accuses Hawaiian electric company of causing Lahaina wildfires
▼ + stars: | 2023-08-24 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

Maui County is seeking damages from HECO that may total tens or hundreds of millions of dollars, according to John Fiske, an attorney representing the county in the lawsuit. “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. We are very disappointed that Maui County chose this litigious path while the investigation is still unfolding,” a spokesperson from Hawaiian Electric told CNN in a statement. Hawaiian Electric Company is a for-profit company that serves 95% of Hawaii’s customer base and trades on the New York Stock Exchange. This isn’t the first time a utility company has been blamed for its alleged role in a powerful wildfire in recent years.

Persons: “ inexcusably, John Fiske, “, ” Jim Kelly, Fiske, ”, CNN’s Anna, Maja Rappard, Natasha Chen, Afshar Organizations: CNN, Hawaiian Electric Company, National Weather Service, Watch, Hawaiian Electric, New York Stock Exchange, Pacific Gas Locations: Maui County, HECO, Maui, Hawaiian, California, Lahaina, Kula, Olinda

☆ These stocks are getting hit hard this summer, with four down at least 50%
▼ + stars: | 2023-08-24 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Some stocks on Wall Street have been hit hard throughout the summer. CNBC scanned FactSet data to screen for the Russell 1000's hardest-hit stocks from Memorial Day through Wednesday's 4:30 p.m. Hawaiian Electric has gained notoriety in recent weeks after wildfires ravaged the historic town of Lahaina, Hawaii. HE 3M mountain Hawaiian Electric stock from Memorial Day. The stock has suffered as a result, with a decline of more than 66% between Memorial Day and Wednesday.

Persons: Russell, haven't, FactSet Organizations: Nasdaq, Dow Jones, CNBC, Electric, AMC, Hawaiian, Pharmaceuticals Locations: Lahaina , Hawaii

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