Instead of major fires the Golden State will be delt with major rainfall with precipitation amounts that could reach over half a foot over the next week.

In just a single month, 2025 is the second most destructive fire year in California history, with more than 16,000 homes and other structures damaged or destroyed by two fires in the Los Angeles area.

The effect of the California wildfires will continue to play out across the debt markets long after the last of the flames ...