Hawaiian Electric's stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui's devastating wildfires were caused by the utility's energized power lines that were knocked down by strong winds. Read full article
After the Federal Reserve raised interest rates in July to the highest level in 22 years, Wall Street's focus is on whether September will bring another rate hike. Read full article
Esmark Inc. announced an all-cash public offer for US Steel for $35 per share on Monday. The offer comes hours after news that rival Cleveland-Cliffs was in talks to purchase of US Steel. Shares of US Steel surged double-digits on Monday. Read full article
San Francisco residents were caught off guard this weekend after Cruise self-driving cars caused a traffic jam, according to social media posts. The obstruction came a few days after California regulators approved robotaxi companies to operate their driverless cars 24/7 throughout the city. Read full article
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