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Tag: nearterm

Climate scientists close to forecasting near-term global warming impacts

Climate scientists close to forecasting near-term global warming impacts

Science
Jan. 22 (UPI) -- One of the biggest challenges of modeling climate change is making near-term and localized predictions. But according to a new study, published this week in the journal Nature Climate Change, scientists are finally starting to accurately simulate the influence of long-term climate change on short-term seasonal forecasts. "There is a lot of work still to do, but just as weather forecasts became a regular operational activity in the 20th century, we are now approaching a similar point for near term climate predictions and these are now being made at a number of scientific institutes worldwide," Adam Scaife, professor at the University of Exeter and a climate scientist with the Met Office, said in a news release. By building climate models from the ground up, using real-time...
Wall Street bull says a near-term pullback is coming

Wall Street bull says a near-term pullback is coming

Finance
The economy is booming, but one of Wall Street's biggest bulls says a near-term pullback is coming. "History shows that, when the rate of change for the S&P is where it recently got to on this bump up, you have a 2 to 5 percent pullback in the context of the bull market, the uptrend that started in April," Tony Dwyer, chief market strategist at Canaccord Genuity, said Tuesday on "Fast Money." The S&P 500 added about 0.5 percent, closing at 2,820.40 on Tuesday, with gains in materials, telecommunications and energy stocks. Still, Dwyer predicte...