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Mar72020 by adminNo Comments
Wall Street braces for more market volatility as wild swings become the ‘new normal’ amid coronavirus

Wall Street braces for more market volatility as wild swings become the ‘new normal’ amid coronavirus

Finance
Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City.Johannes Eisele | AFP | Getty ImagesThe S&P 500 has never behaved like this, but Wall Street strategists say get used to it. Investors just witnessed the equity benchmark swinging up or down 2% for four days straight in the face of the coronavirus panic.In the index's history dating back to 1927, this is the first time the S&P 500 had a week of alternating gains and losses of more than 2% from Monday through Thursday, according to Bespoke Investment Group. Daily swings like this over a two-week period were only seen at the peak of the financial crisis and in 2011 when U.S. sovereign debt got its first-ever downgrade, the firm said."The message to...
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May252018 by adminNo Comments
U.S. energy sector braces for hurricane season

U.S. energy sector braces for hurricane season

Business
May 25 (UPI) -- While offshore segments were spared, the U.S. energy sector could be in for a rough year with forecasters expecting an above-normal hurricane season. Climate forecasters at the National Ocean and Atmospheric Administration, a division of the Commerce Department, predict a 40 percent chance of an average 2018 hurricane season and a 35 percent chance of an above-normal season. There's a 70 percent chance that as many as four hurricanes of category 3 or stronger will come from this year's Atlantic hurricane season. An average hurricane season produces one to three major hurricanes, characterized by winds stronger than 111 miles per hour. "It only takes one storm to devastate a community so now is the time to prepare," Daniel Kaniewski, the acting deputy administration at the...
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Sep92017 by adminNo Comments
Hurricane Irma churns toward Florida as state braces for storm surges up to 15 feet

Hurricane Irma churns toward Florida as state braces for storm surges up to 15 feet

Health
Hurricane Irma, the most powerful Atlantic storm in a decade, hit Cuba overnight as a rare Category 5 storm before being downgraded to a Category 3 Saturday morning. It is expected to strengthen again as it heads toward Florida. As of about 3 p.m. Saturday, Irma was 140 miles southeast of Key West with winds of 125 mph. It was moving west at 9 mph and is expected to turn north and head up the western coast of Florida, making landfall on Sunday. "This is a life-threatening situation," Florida Gov. Rick Scott said Saturday. "Our state has never seen anything like it." The governor stressed the dangers of what he called a "deadly, deadly, deadly storm surge." ABC News meteorologists are forecasting storm surges of 10 feet in Tampa and Sarasota, and 10 to 15 feet from Fort Myers to Naples...
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