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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1 Stock That Turned $1,000 Into $163,000
Investors often focus on the technology sector for high returns, but other areas like retail can also yield significant gains. Since mid-July 1995, one retail stock has achieved a remarkable total return of over 16,000%, demonstrating the benefits of patience and compounding, making a $1,000 investment worth $163,000 today. Explain It To Me Like I'm 5: Some smart investors found a really good store to put their money in a long time ago, and now...
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