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California Wildfires Scorch PG&E Stock by 50% in Just 7 Days

PG&E stock hovers precariously above its all-time low as the California wildfires continue unabated. The company may have even started two fires unintentionally. With $30 billion in outstanding liabilities, financial prospects are looking grim. If anyone thought utilities were a safe place for investors to hide, they’d need to think again. Even if the stock…