Five Things You Need to Know to Start Your Day

Jeremy Grantham Warns Stock ‘Super Bubble’ Has Yet to Burst

Gridlock, China lockdown and a “super bubble”.

Record heat will pose the biggest test to the California grid over Labor Day weekend since the summer 2020 blackouts as homes and businesses crank up air conditioners. Officials declared a statewide grid emergency to cope with surging demand for power. The worst dry spell in 1,200 years has gripped nearly every inch of California with drought this summer, leaving rivers and reservoirs perilously low.