Los Angeles Wildfires Burn 35,000 Acres, 10 Dead, Over 10,000 Structures Destroyed. JPMorgan Estimates Damage Could Cost $50 Billion

Los Angeles wildfires have scorched over 35,000 acres, leaving at least 10 dead and destroying more than 10,000 structures as mandatory evacuations extend to over 360,000 residents. The Pacific Palisades and Pasadena fires remain largely uncontained, with the Palisades fire consuming 20,000 acres and 5,000 buildings and the Eaton fire burning 13,600 acres. Strong winds, reaching 40 mph in some areas, fuel the blazes, though conditions are expected to improve slightly by Saturday. JPMorgan estimates economic losses could be near $50 billion, making these wildfires among the costliest in U.S. history.