Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.Marketsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.Retailread more
Goldman notes that high-dividend payers are trading at their largest valuation discount in nearly 40 years.Marketsread more
We tested the best way to cut the airport commute time for New Yorkers. The most expensive of the four options we reviewed, Uber Copter, was only 14 minutes faster than mass...Transportationread more
There were no more bids after $17 million. Since $17 million was below the reserve price -- or minimum required by the seller — RM Sotheby's pulled the lot.Autosread more
It's Climate Week is in New York City, where weather experts, government groups and businesses are gathering to discuss the latest scientific data on global warming. Energy companies in particular should be most concerned.
"It's going to cause us to gradually change the way that we heat our homes and power our cars, and of course that effort is underway right now, albeit very, very slowly," said Paul Walsh, vice president of weather analytics at The Weather Channel. "[It's] very, very difficult to get our arms around that because it is a global problem and it's also a problem that is at time scales of 10, 20, 30 years, which is very difficult to get our heads around," Walsh said.
But there's a 95 percent probability, or near certainty that climate change is caused by humans and not simply by natural changes in the environment, Walsh added.
Ocean and global surface temperatures are rising, glaciers are melting, and heat-related deaths are on the rise, according to the Environmental Protection Agency. The last decade was the warmest on record, and greenhouse gas emissions rose 8 percent from 1990 to 2011, according to the EPA. Warming in the United States is happening faster than it is globally, the agency reported.
In tandem with Climate Week, the Intergovernmental Panel on Climate Change, a worldwide organization of scientists, is set to release a new report this week on the latest scientific findings on climate change and what the future holds as a result of global warming.
--By Althea Chang
-- Comments, Questions, Suggestions? Tweet Us @BigDataDownload