The Los Angeles wildfires are set to be the costliest blaze in U.S. history, analysts said Thursday, as the first initial estimates of damage from the infernos soared with their unchecked spread. Total economic losses from the fires are now pegged at close to $50 billion,

A pair of massive wildfires - the Palisades fire and the Eaton fire - menacing Los Angeles from the east and west were still burning uncontained on Thursday (January 9), turning entire neighborhoods to ash.