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.

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.