Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move back in February.Marketsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
The major Wall Street analysts say Facebook's Project Libra has a bright future.Marketsread more
These are the stocks posting the largest moves midday.Market Insiderread more
Trump went after Mario Draghi for opening the door to more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Shares of Beyond Meat soared 18% Tuesday morning, surpassing $200 per share and setting a new all-time high.Food & Beverageread more
Two major fires are still burning in California. Authorities now report that the Camp Fire in Northern California has destroyed more than 8,000 homes and burned 140,000 acres. Meanwhile, the Woolsey Fire in Los Angeles and Ventura counties has destroyed over 500 homes and scorched more than 98,000 acres.
A building material known as a 3D cementitious sandwich panel could have saved some of these homes.
"A wood structure will combust almost immediately. And studies show that once a wood structure has 4 or 5 percent of the building on fire, it becomes a total loss because there's no stopping the fire," said Ken Calligar, CEO of RSG 3-D, the company that's bringing the panel to the U.S. for mass production.
"There's no place for a fire in a 3D panel building to start because you've got a concrete exterior and nothing is combustible within the materials."
That's why officials in Santa Rosa, California, chose RSG 3-D to rebuild a firewall destroyed by wildfires last year.
The panel technology is not new. NASA has been using a version of it to build spacecraft for years because of its strength. And former President Jimmy Carter used the material in his charity work decades ago on damaged buildings in Florida and Georgia.
But it never really took off in the United States.
"The reason the product has not been used well in the United Stated to date is because we have wood," said Geoffrey Evancic, chief operating officer of Hutter Pioneer, a construction company that is working with the RSG 3-D panels.
"The United States is blessed with multiple forests and wood was an inexpensive building material, up until the last five years. With the new energy code, especially up in the northern states, and in California, they want net-zero houses. You cannot get to a net-zero house construction with wood."
The risk of wildfire in California is very real. On its website, Cal Fire lists more than 200 cities which it deems to be in "very high fire hazard" severity zones.
"When comparing the RSG 3-D panel system to conventional housing in terms of just wild fire, wood frame construction is notably fuel for fires," said Calligar. "An RSG 3-D panel building will have at least a two-hour fire rating, which means you can apply open flame to the walls for at least two hours with no combustion whatsoever."