The Kincade Fire blazing north of San Francisco is wreaking havoc thousands of miles away: on Wall Street. Investors in PG&E Corp. stocks and bonds lost about $4.1 billion in the four trading days after the blaze in Sonoma County, Calif., started late Oct. 23, according to an analysis by The Wall Street Journal. Those who sold the securities missed out on a rebound Wednesday after the fire abated and the value of the shares and debt jumped by about $1.6 billion.

Source: Wall Street Journal October 30, 2019 09:33 UTC