Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over 100,000 residents in southern California were ordered to evacuate as wildfires ravaged the Los Angeles region, causing five deaths and destruction of over 1,000 buildings. The blazes spread to the Hollywood Hills, threatening iconic attractions and prompting evacuations as insurers braced for one of California’s costliest natural disasters.
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The Smartest Growth Stock to Buy With $3,000 Right Now
Alphabet (GOOGL, GOOG) has faced a challenging three-month period, with shares dropping 20% from their February peak amid market weakness and concerns over potential divestment of its Chrome web browser due to a DOJ antitrust lawsuit. Despite these worries, investing in Alphabet could be beneficial, as the company has been preparing for a possible sale of Chrome, leveraging first-party cookies and its AI assistant Gemini for advertising. Even in a pessimistic scenario where Chrome's loss...
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