Power outages at hundreds of gas stations and a distribution bottleneck due to flooding damage and power loss has caused a gasoline shortage in the New York metropolitan area that may not be cleared up for at least a week, according to industry experts.
Motorists fumed in long lines at gas stations around the New York area and screamed at each other Friday as fuel shortages hindered the region's efforts to recover from Super Storm Sandy. But in a move toward normalcy, Atlantic City's casinos were allowed to reopen.
Callers touting hurricane-related investments may be scam artists capitalizing on the storm.
With power still out for thousands along the Northeast, industrious residents are roaming their neighborhoods for basic necessities. The day begins with a search for a cup of coffee.
In the wake of Sandy’s aftermath, startups based on New York City have had to relocate to keep operations running. With so many Silicon Alley offices located in Lower Manhattan, where power has been out for days, finding a remote hideout with wifi has been critical.
A U.S. economy already hampered by the possibility of deep fiscal retrenchment must now grapple with the “enormous hit” of Hurricane Sandy, a top Wall Street economist said Wednesday.
Suze Orman, host of CNBC's "Suze Orman," explains what you need to know about your home insurance policies in regard to Superstorm Sandy.
New Yorkers felt the rumble of subway trains for the first time in four days on Thursday but gasoline shortages persisted in the Northeast and emergency crews struggled to reach the worst-hit areas and restore power to millions of people.
As our thoughts remain with all those who have been horribly affected by the devastation that hit the U.S. Eastern seaboard and its aftermath, we are being asked about the implications of Hurricane Sandy for markets
Hurricane Sandy smacked the East Coast then turned into Super Storm Sandy. Now, thousands of travelers are no doubt calling her Pain in the Neck Sandy. This, as some airports start operating as normal again others are a long ways from having a regular schedule.
Demand for East Coast hotel rooms is spiking, and some travelers charge price gouging in the aftermath of Hurricane Sandy.
It happened after hurricane Katrina, and the expectation is that Sandy will prove no different. “Demand for self-storage rises considerably as homeowners, contractors, and local suppliers set about preparing for reconstruction,” note analysts David Toti and Gaurav Mehta of Cantor Fitzgerald.
Traders at hedge funds frustrated by the lack of access to equities markets in the United States have been combing through the world for proxies, assets they might be able to trade that are so correlated with certain U.S. equity classes that traders can synthetically reproduce the trades they can't make in U.S. markets. These are few and far between, of course.
As power failures and flooding overwhelmed lower Manhattan and the Red Hook section of Brooklyn early Tuesday, small businesses scrambled to recover amid the aftermath of Sandy.
With the lights out smart phones are the only source of information for people left in the dark by Hurricane Sandy, which puts the spotlight on Twitter and Facebook.
Hurricane Sandy may inflict a negative hit to demand for crude oil and fuel products as production at U.S. East Coast refineries comes to a standstill, reducing demand for the primary input.
“Going forward we are going to have to anticipate these types of extreme weather patterns,” New York Governor Andrew Cuomo said in a press conference Tuesday morning. “And we have to think about how we redesign the system so that this doesn’t happen again.”