The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
These are the stocks posting the largest moves midday.Market Insiderread more
Here's how Amazon sells ads, and why it has a natural edge over Google and Facebook in some areas.Technologyread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to Cohen's campaign-finance probe should be unsealed — and denied a request...Politicsread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Scientists have been watching the Antarctic Peninsula melt for decades, but are still just figuring out why.
The prevailing conclusion until recently had been that rising air temperatures were causing the melt.
But it may be the water — warm water, according to research published in this week's journal Science.
The study by researchers at Swansea University, Durham University and the British Antarctic Survey says that warming in the waters around Antarctica has corresponded with the "widespread acceleration of glacier retreat." In addition, the melt is worse in the southern region, where some of the waters are relatively warmer, than it is in the cooler water of the northwest region.
Lead author Alison Cook found in a previous study that rising air temperatures alone could not account for the degree of glacier retreat that has been occurring, according to The Washington Post.
A patch of water known as the Circumpolar Deep Water, seems to be the force driving the more rapid glacial melting in the southwestern Antarctic Peninsula, the study concluded. In some areas, portions of the glaciers extend outward into the ocean like shelves or wings. The warmer water could be weakening these ice shelves from below, causing them to break off, and dramatically increase the rate at which the glacier retreats.