California-based electricity provider on track for biggest loss in two years as wildfires wreak havoc

Edison International is the worst-performing US utility stock in early trading on Wednesday as wildfires tear through California, off more than 5% in what would be its biggest daily decline since September 2022.

Edison’s subsidiary, Southern California Edison, began shutting off power to some customers in LA County on Tuesday and warned nearly 300,000 homes and businesses that they’re at risk of losing access to electricity.

Put-option volumes have spiked, already more than 15x the one-month daily average as of 9:55 a.m. ET.

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Tasha Matsumoto

10/31/25

Stocks climb higher as investors shake off hawkish Fed commentary

The S&P 500 and Nasdaq 100 continued their streak of monthly wins.

MADRID, SPAIN - JUNE 18: Actor Sacha Baron Cohen (C) attends "Bruno" photocall at Plaza de Toros de Las Ventas on June 18, 2009 in Madrid, Spain.

Western Digital Stock Rallies as Wall Street Raises Estimates

Western Digital rallies as Wall Street sees more gains ahead

Analysts responded to yesterday’s Western Digital earnings by rapidly ramping up price targets.

Matt Phillips10/31/25

Luke Kawa

10/31/25

December rate cut odds creep lower with Federal Reserve hawks out in full force

A cacophony of hawkish commentary.

Federal Reserve To Make Highly Anticipated Interest Rate Announcement This Week

J. Edward Moreno10/31/25

Gene-editing stocks rally on Bloomberg report that FDA plans to fast-track approval process

Shares of biotechs working with gene-editing treatments rose after the industry’s top regulator told Bloomberg News that the Food and Drug Administration plans to publish a paper in early November outlining the agency’s new, faster approach to approving those treatments.

FDA Clears Way for Faster Personalized Gene Editing Treatments

Jon Keegan

10/31/25

Amazon pulled off its monster quarter despite being left out of OpenAI’s tangle of deals

Amazon’s AWS revenue grew 20% year on year, and will hit $125 billion in capex for the year. CEO Andy Jassy said the 14,000 jobs cut weren’t about money, but about “culture.”

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