Europe has the best hurricane forecasting model, for a variety of reasons, including funding. The U.S. could catch up if it was organized better.» Read More
Amid soaring oil prices and ballooning global fuel demand, the Bush Administration is calling on Americans to help conserve energy on a personal level.
If oil is at a record high, why aren't gasoline prices higher? One big reason comes every year at this time -- the seasonal decline in summer driving, says CNBC's Sharon Epperson.
Residents of Florida don’t need an anniversary to remember Katrina; they get a reminder every month in their homeowner’s insurance bill. The devastating hurricane season of 2005 caused and is still causing many insurers to either raise rates or drop coverage entirely.
Sales of new U.S. homes unexpectedly rose 2.8 percent to an 870,000 annual sales pacein July, reversing two months of declines, and inventories eased, a Commerce Department report showed on Friday. Despite the surprising strength, some economists said the housing outlook remains grim.
Investors hoping for the quiet dog days of August may find a reprieve from the market's summer storm next week, but they more likely will find themselves in markets tossed by a debate on the Fed's next move and the health of the economy.
Net profit at insurer Zurich Financial Services surged 33% in the first half of the year, beating market expectations despite heavy flooding in the U.K., the company reported Thursday.
Carl Wunsch, professor of physical oceanography at the Massachusetts Institute of Technology, told CNBC’s “Squawk Box” that the debate about global warming can point out risks, but assertions of coming catastrophe can’t be proven with mathematical certainty.
Jobs and manufacturing data combine this morning to tell the tale of the consumer and manufacturing pillars of the economy for a market set on moving higher. Stock futures are moving up after markets around the world start the month of June with gains.
Crude oil futures fell more than a dollar as traders took profits ahead of fresh oil inventory data due Wednesday and following Monday's sharp price rise on worries about supply disruptions in the wake of Nigeria's disputed presidential election.
Crude oil prices firmed slightly on Wednesday as worries over Iran's nuclear ambitions countered easing fears of a gasoline supply crunch in the United States this summer driving season.
Hundreds of passengers remain stranded at airports and dozens of homeowners are grappling with flood damage on Monday, as a nor'easter batters the Northeast with strong wind and record rainfall for a second day, after already grounding hundreds of flights, blanketing areas in snow, downing power lines and flooding coastal areas.
Chris Jarvis, founder and president of Caprock Risk Management, told CNBC’s “Morning Call” that unusually cold weather in early April has hammered many businesses on energy costs. He said many businesses that hedge on their natural gas supplies got caught short this year and are forced to pay higher rates on the spot market.
Pack a good book, charge up your Ipod and get ready for delays and cancellations. As of 9 a.m. on Sunday, 300 flights at New York City's three major airports (La Guardia, Kennedy and Newark) had been cancelled with more likely to follow on Monday.
Oil prices eased slightly on Friday after the top U.S. energy official said he was confident there would be enough gasoline supply to meet peak summer driving demand.
Oil prices rose after four straight losing sessions as markets turned attention to Iran's nuclear activities and dwindling gasoline stocks in the United States, the top consumer.
U.S. crude oil futures ended lower on Wednesday on U.S. government data showing crude stocks rose by a larger-than-expected volume last week and as international tensions eased after Iran said it was releasing 15 captured British sailors and marines.
A new report predicts a 75% chance of a major hurricane hitting the U.S. coast this year. What's your hurricane trade as Mother Nature roars this summer?
The U.S. Navy on Tuesday said it had no information to substantiate a market rumor that Iran had fired at a U.S. naval vessel in the Gulf.
Oil finished at a three-month high after Iran seized 15 British navy personnel, raising concerns about renewed tension between the oil producer and the West.
Oil jumped more that $2 a barrel after a sharp drop in U.S. gasoline stocks fuelled concerns of tight supplies ahead of the summer driving season in the world's biggest consumer.