News That Matters

Tag: rising

An analyst warns investors against falling for a widely-held assumption about rising tech stocks

An analyst warns investors against falling for a widely-held assumption about rising tech stocks

Finance
Come Monday, the tech-heavy Nasdaq will try to kick-off its second positive week in a row. But it's poised to do so without small cap tech and Chinese internet companies. According to veteran market watcher Nicholas Colas, much of Wall Street is mistakenly assuming that the technology sector's big surge is broad-based. "It's largely a large cap phenomenon," the DataTrek Research co-founder said Friday on CNBC's "Trading Nation." The Nasdaq is now up almost 25 percent over the past 52-weeks, while the broader S&P 500 is up 16 percent in that same p...
Rising global temperatures to cause insect crop losses, food shortages: Study

Rising global temperatures to cause insect crop losses, food shortages: Study

Technology
Rising global temperatures are leading to a boom in the number of insects devouring crops worldwide, and could cause future food shortages, says a study published last week in the journal Science. According to researchers, the global yield losses of wheat, maize and rice crops to pests, particularly in the temperate northern regions of the globe, are projected to increase by 10 to 25 percent per degree Celsius increase of global mean surface warming. "The impact of insects because of climate change could be at least as great and perhaps greater than the impact of climate on crop itself directly," Josh Tewksbury, a research professor at the University of Colorado, Boulder, and one of the authors of the study, told ABC News. "The major finding is that we're underestimating the degree to w...
Global warming linked with rising antibiotic resistance

Global warming linked with rising antibiotic resistance

Science
May 21 (UPI) -- New research suggests rising temperatures are encouraging antibiotic resistance in cities across the United States. Until now, health researchers assumed antibiotic resistance was primarily the result of overprescription and overuse. But a new study suggests climate change is also to blame. "The effects of climate are increasingly being recognized in a variety of infectious diseases, but so far as we know this is the first time it has been implicated in the distribution of antibiotic resistance over geographies," Derek MacFadden, an infectious disease specialist and research fellow at Boston Children's Hospital, said in a news release. "We also found a signal that the associations between antibiotic resistance and temperature could be increasing over time." MacFadden and ...
Pain at the pump: Gas prices hit three-year high and are expected to keep rising

Pain at the pump: Gas prices hit three-year high and are expected to keep rising

Finance
Buckle up, America. Gas prices have a hit a level not seen in three years and are expected to continue their upward trajectory.The national average for a gallon of gas reached $ 2.82 this week, a level not seen since summer 2015, according to online gas station database GasBuddy.com.Californians are paying the most: $ 3.61 per gallon. By contrast, Oklahoma has the lowest state average, at about $ 2.50.While gas prices typically head higher every spring due to increased driving demand, the current average is 48 cents more per gallon — an increase of about 20.5 percent — than the $ 2.34 consumers paid a year ago before prices inched downward. For most of summer 2017, the average price hovered around $ 2.30 or trended lower.The summer months will likely bring even higher prices."While it won'
Rising levels of 'frustration' at UN climate stalemate

Rising levels of 'frustration' at UN climate stalemate

Science
Old divisions between rich and poor over money and ambition are again threatening to limit progress in UN climate negotiations.Discussions between negotiators from nearly 200 countries have resumed in Germany, aiming to flesh out the rules on the Paris climate pact.But developing countries say they are "frustrated" with the lack of leadership from the developed world.Commitments to cut carbon are still "woefully inadequate" they said. 2018 marks a critical stage in the global climate negotiations process. By the end of this year, governments will meet in Poland to finalise the so-called "rulebook" of the Paris deal, agreed in the French capital in December 2015.This is seen as a key test. The rules will define the ways in which every country reports on their emissions and on their carbon-...