OTTAWA, July 29- Canada's economy suffered its biggest one-month contraction in May since March 2009 as wildfires in northern Alberta caused a sharp drop in oil extraction, reinforcing expectations that the economy shrank in the second quarter. The wildfires that started in May around the Fort McMurray area in Alberta disrupted production in the province's... » Read More
A leading contender to replace Naoto Kan as Japan’s prime minister has called for the country to phase out nuclear power over the next two decades, the FT reports.
Investment professionals have a new pitch: The sky could soon be falling. So-called black swan funds — named for rare and unexpected events — offer a way to profit in the event of a market collapse, the New York Times reports.
The Bank of Japan kept monetary policy steady on Friday in a sign that a first-quarter economic slump did not change the central bank's view that growth will pick up late this year when the wounds from the devastating earthquake begin to heal.
Carlene Pinto watched from her middle-school classroom in Brooklyn as the plane pierced the second tower; then she trudged the three miles home as paperwork and dust rained from the sky. Rebecca Rodriguez felt helpless as a teenager watching Hurricane Katrina unfold on television. And Lindsay Yates still shudders at the recollection of Hurricane Fran, which killed two dozen people in her native North Carolina when she was a second grader, the New York Times reports.
European gas suppliers could see a boost from Germany's decision to phase out nuclear energy, with other countries set to follow Berlin's lead, Per Lekander, head of utilities research at UBS, told CNBC Wednesday.
Nuclear safety watchdogs and G20 energy ministers gathering in Paris on Tuesday and Wednesday to work on reinforcing nuclear safety around the globe in the wake of the Japanese nuclear disaster at Fukushima last March were keen to stress nuclear energy is still a viable source of alternative energy.
China’s freeze on new nuclear projects could last until the beginning of 2012, according to a senior industry official, underlining the gravity of China’s nuclear safety review. The FT reports.
Two nuclear plant workers have exceeded Japan's radiation exposure limit for men, and others who toiled without sufficient protection in the earliest days of the crisis could show high levels as well, the government and plant operator said Friday.
And one stock he would avoid right now.
CNBC's Jim Cramer weighs in on trades that tend to do well after natural disasters.
Raised debt ceiling rejected, May auto sales slumped and the LinkedInIPO emulated. Here's what we're watching...
As emergency workers in Joplin searched Thursday for more than 230 people listed as missing after a tornado tore through the city, one was sitting on a wooden chair outside the wreckage of her home, cuddling her cat.
Although it hasn't made sense lately, Cramer sees the market making a shift.
More than two months after natural disasters struck Japan, the country can finally rebuild, prompting a shift into industrial names.
Violent storms that swept through a chunk of the central U.S. killed at least 13 people in three states, while toppling trees, crushing cars and ripping apart a rural Arkansas fire station.
Jim Higgins, Soleil Securities analyst, and the Fast Money traders discuss the economic impact Europe's giant plume of volcanic ash may have on the airline industry, and the trades you might want to make today.
It's been a stormy year for U.S. property insurers, and hurricane season hasn't even started yet. But shares of these companies could be jumping if a bad year in weather prompts premium increases.
CNBC's Mary Thompson has the story on what the devastating weather means for insurance companies, with Mike Bettes, The Weather Channel.
European airlines should be allowed to deal with the consequences of the most recent Icelandic volcano eruption themselves, Michael O’Leary, the chief executive of Ryanair told CNBC Monday.
Even the most intellectually gifted prognosticators did not foresee key forces that would cause paradigm shifts in society.