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Natural Disasters

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  • Natural Gas Attracts Investors as Nuclear Fears Rise Monday, 14 Mar 2011 | 4:00 PM ET

    Natural gas was at a two-week high Monday as Japan's nuclear power shut down put the spotlight on global natural gas supplies, as an alternate fuel for electric power generation.

  • Japanese markets are behaving consistent with recent post-disaster pattern: a lower stock market, lower government bond yields and a mixed outcome for the currency. 

  • Mideast Still Biggest Worry for Markets: Cantor CEO Monday, 14 Mar 2011 | 3:37 PM ET
    A rebel fighter greets a crowd of comrades while heading towards the frontline in Ajdabiya, Libya.

    Despite Japan's massive earthquake and tsunami's impact on global markets, the escalating violence in the Middle East still poses the biggest threat for investors, according to Shawn Matthews, CEO of Cantor Fitzgerald, a privately-owned investment bank.

  • Scenes From the Japan Earthquake and Tsunami Monday, 14 Mar 2011 | 1:41 PM ET
    The biggest earthquake to hit Japan in 140 years, measured 8.9 on the Richter scale according to the U.S. Geological Service. The quake created a 10-meter Tsunami that washed away houses, cars and boats. Here are scenes from the devastation.

    The biggest earthquake to hit Japan in 140 years, measured 8.9 on the Richter scale according to the U.S. Geological Service.

  • PIMCO's El-Erian Expects Japan's Economy to Rebound Monday, 14 Mar 2011 | 1:21 PM ET
    mohamed el-erian

    PIMCO CEO Mohamed El-Erian shared his thoughts on Japan's economy, following the tragic earthquake and tsunami that hit that nation Friday. El-Erian wrote that five factors will dominate the economic outlook, as the whole world is hoping the tragedies will soon give way to stories of rescues and recovery of a society that is suffering enormous pain and disrupting uncertainties.

  • Nuclear 'Lessons to be Learned' From Japan: Boehner Monday, 14 Mar 2011 | 12:27 PM ET

    As the Japanese race the clock to avert a nuclear meltdown at a power plant, House Speaker John Boehner, (R-Ohio), told CNBC Monday that the US needs to assess both the Japanese situation and its own relationship with nuclear energy.

  • France Is World's Biggest Nuclear Power Producer Monday, 14 Mar 2011 | 12:02 PM ET
    The coal fueled Fiddlers Ferry power station emits vapour into the night sky on November 16, 2009 in Warrington, United Kingdom.

    The world's biggest nuclear power is France, where 58 plants generate 75 percent of the nation's electricity.

  • The yen is stable for now after moves by the Bank of Japan, and the dollar is depressed by OPEC selling — it's time for your FX Fix.

  • Dispatches from Sendai, Japan Monday, 14 Mar 2011 | 5:42 AM ET
    Members of a rescue team climb into a house

    It took us ten hours to drive in from Tokyo. Yet slowly, there were signs of what was to come. Gaping holes in the highway, fallen trees, and pavements turned into bumps as they undulated during the quake.

  • Pedestrians cross the street using the Shibuya crossing in Shibuya on May 25, 2010 in Tokyo, Japan. Shibuya is not only a busy business district but also known for it's vibrant nightlife and fashion.

    While the world has fallen out of love with the Japanese economy in recent years it remains an economic powerhouse and important to the global economy, Sean Corrigan, chief investment strategist at Diapason Commodities Management, said Monday.

  • Smoke billows from fires raging at the port in Tagajo, Miyagi

    Japan's Nikkei average tumbled over 5 percent at one point on Monday as investors shifted to safer assets following after Friday's massive earthquake and tsunami, with the long-term impact uncertain as nuclear disaster looms.

  • Fukushima Dai Ni Nuclear Power plant

    The unfolding crisis at the two reactors, both at the Fukushima Daiichi Nuclear Power Station, feeds into a resurgence of doubts about nuclear energy’s safety — even as it has gained credence as a source of clean energy, the New York Times reports.

  • Soldiers pull a boat across floodwater as they help to evacuate residents of Tagajo city, Miyagi

    Traders went home Friday thinking about Japan's tragic earthquake and tsunami, more possible unrest in the Middle East, and Europe's sovereign debt problems.

  • Japanese 10,000 Yen bank notes

    After sinking initially on reports of the massive quake, the yen rallied strongly. Here's how you can trade it now.

  • Vehicles are crushed by a collapsed wall at a carpark in Mito city

    The economic impact from the tsumani that slammed into eastern Japan following one of the largest earthquakes ever recorded, 8.9 magnitude, will be felt in the near future, Sean Egan, founder partner and president of Egan-Jones Ratings Company, told CNBC on Friday.

  • Japan Quake's Financial Impact: Five Things to Watch Friday, 11 Mar 2011 | 1:12 PM ET
    A factory building has collapsed in Sukagawa city, Fukushima prefecture, in northern Japan. A massive 8.9-magnitude earthquake shook Japan, unleashing a powerful tsunami that sent ships crashing into the shore and carried cars through the streets of coastal towns.

    While commodity and currency markets took the biggest immediate hit from Friday's earthquake and tsunami in Japan, the damage will be felt throughout the world's economy and the US.

  • What the Tsunami Means for US West Coast Friday, 11 Mar 2011 | 11:35 AM ET

    Residents need to be prepared for the strongest waves four to five hours after the first one hits, but there will be no "wave of water", one expert told CNBC.

  • Carnival Cuts 2011 Outlook Amid Rising Fuel Prices Friday, 11 Mar 2011 | 11:18 AM ET

    Carnival's first-quarter earnings will fall short of Wall Street expectations and the cruise operator is cutting its full-year earnings outlook.  The Miami company blamed rising fuel prices and some itinerary changes in the Middle East and North Africa for the reduction to its 2011 guidance.

  • Massive Quake Whipsaws the Yen Friday, 11 Mar 2011 | 11:16 AM ET
    Yen

    The yen plummeted and then rocketed higher after a massive earthquake and tsunami struck Japan early this morning, and traders expect plenty of choppiness as the day unfolds.

  • How Recent Disasters Affected Markets and Economies Friday, 11 Mar 2011 | 9:02 AM ET

    The biggest earthquake on record to hit Japan in 140 years sent stock markets across the globe sharply lower, while the yen and oil prices also fell.