‘Superstorm’ Sandy is set to inflict a negative hit on demand for crude oil as U.S. East Coast refineries come to a standstill, but BP’s Chief Executive Bob Dudley has told CNBC that oil firms are set to bounce back quickly.
CNBC's Scott Cohn reports Hurricane Sandy caused a transformer explosion, and sparked a massive fire in Queens that destroyed 50 homes.
Superstorm Sandy slammed into the U.S. east coast on Tuesday and hurled a record 14-foot surge of seawater at New York City, flooded the financial district and left 7 million people without power.
CNBC's Jackie DeAngelis has the update on widespread power outages.
CNBC's Bertha Combs has the update on the markets today, as stock exchanges remain closed for the second day, after Monday's big storm slammed the East Coast.
CNBC's Brian Shactman tells the network that property damage caused by Hurricane Sandy's powerful winds in New York is expected to be the biggest concern when officials assess the area on Tuesday.
Sandy has made landfall along the coast of southern New Jersey. While downgraded to a post-tropical cyclone, it still has sustained winds of 85 mph.
The U.S. stock exchanges were closed today ahead of Hurricane Sandy. Mad Money host Jim Cramer prepares your portfolio for the storm.
Your first trade for when trading reportedly resumes on Wednesday, with the Fast Money traders.
Hurricane Sandy has the potential to cause some of the biggest losses in the insurance industry, with Paul Newsome, Sandler O'Neill insurance analyst; and city officials discuss damage expectations for the storm.
Hurricane Sandy is just off the coast of Cape May, New Jersey, reports Greg Postel, The Weather Channel; and nearly 1 million people are without power due to Hurricane Sandy, reports CNBC's Courtney Reagan and Robert Frank reports the part of the crane dangling in New York City is more than 7 stories tall. New Jersey Gov. Chris Christie speaks on preparations for the worst of Hurricane Sandy.
Winds in New York City are picking up as Hurricane Sandy is headed its way. CNBC's Maria Bartiromo shares her observation.
Hurricane Sandy is moving a little bit faster than expected, which means more wind, reports Todd Gross, meteorologist.
Thomas Lee, JPMorgan, offers insight on the impact Sandy will have on markets.
CNBC's Courtney Reagan delivers the latest news on the damaged crane which is dangling in midtown Manhattan. Louis Coletti, Building Trades Employers' Association president & CEO, also weighs in.
The U.S. stock market will be closed for a second-straight session Tuesday because of Hurricane Sandy, the first two-day weather-related shutdown of the markets since 1888.
CNBC's Scott Cohn reports from Battery Park as the storm approaches the shoreline.
Meteorologist Todd Gross says Hurricane Sandy is a "deep storm."
Peter Schiff, Euro Pacific Capital CEO, says hurricanes are "never a net add."
The National Hurricane Center has warned nearly half a dozen states including New York, Virginia, Connecticut and Pennsylvania to prepare for what many are calling a "Frankenstorm" — a frightening mix of rain, snow and wind that's part hurricane, part nor'easter.