The department store Macy's this week announced 66 location closures, part of a larger plan to shutter 150 locations by 2027. Kohl's announced the closure of 10 stores in California.

Out-of-control wildfires are ripping across parts of Los Angeles, leading to at least five deaths, burning down hundreds of buildings, and prompting more than 130,000 people to flee their homes in America's second-largest city.

Two fires have ignited in the Los Angeles area Tuesday, including one dubbed the Palisades fire that exploded to more than 1,200 acres and has forced evacuations, as the area expects

Iconic landmarks such as the Hollywood Sign were engulfed in smoke from the LA wildfires. See before and after photos of famous tourist hotspots.

The flames are threatening Pacific Palisades, an affluent coastal neighborhood that is home to about 24,000 people, roughly 20 miles west of downtown Los Angeles. Officials ordered residents to evacuate immediately. Part of the Pacific Coast Highway and several nearby schools were closed.

As of Friday afternoon, six wildfires were burning across Los Angeles County, including a fresh one that had ignited just hours earlier.

Analysts are evaluating the financial impact of the disaster, with J.P.Morgan doubling its forecast of insured losses to over $20 billion. Wells Fargo also expects similar insured

Gina Zapanta and husband Michael Alder sprang into action to offer emergency housing and supplies to wildfire victims.

The City of Angels became a city of ashes this week as residents returned from fleeing the devastating Los Angeles wildfires, searching for any trace of the homes they cherished.