Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Wayfair drew backlash and calls from some customers for a boycott after employees protested the company's apparent sale of $200,000 of mattresses and bunk beds destined for a...Retailread more
The shutdown of the fire-damaged Philadelphia Energy Solutions refining complex could send gasoline prices higher across the U.S., but particularly in the mid-Atlantic region...Market Insiderread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
Conditions in the tropical Atlantic Ocean and the Caribbean Sea indicate 2017 could be an "extremely active season" for tropical storms and hurricanes, said NOAA on Wednesday.
The agency now says there is a 60 percent chance of an above-normal season, up from NOAA's May prediction of 45 percent, and 14-19 named storms, raised from the May forecast range of 11-17, and a slight increase of two to five major hurricanes.
"We are seeing signs this could be the most active season since 2010," said Gerry Bell, lead seasonal hurricane forecaster at NOAA's Climate Prediction Center, on a call with reporters on Wednesday.
For perspective, 2010 saw 12 hurricanes and 19 named storms total, a few of them severe.
The agency's overall expected number of five to nine hurricanes is unchanged.
A few dominant climate factors led forecasters to raise their expectations.
First, wind patterns across the tropical Atlantic region are all conducive to storm formation, including weaker vertical wind shear, weaker trade winds, and easterly winds coming off the coast of Africa.
Second, sea surface temperatures in the Atlantic are 1-2 degrees warmer than normal, raising the potential that there will be plenty of warm, moist air to fuel developing storms.
There are also lower chances of an El Nino forming, which means storm risk is higher, and so far, all of NOAA's predictive models are indicating a stronger than usual season.
NOAA said they have a "high degree of confidence these conducive conditions will persist," Bell said.
And the three-month period ahead is when the vast majority of storms — about 95 percent — occur.
There have already been six named tropical storms in the Atlantic in the first nine weeks of this year's season, double the number that typically form by this time in an average year.
There may very well be more to come.