Hurricane Sandy

  • Why East Coast Gas Shortages May Not End for a Week

    Power outages at hundreds of gas stations and a distribution bottleneck due to flooding damage and power loss has caused a gasoline shortage in the New York metropolitan area that may not be cleared up for at least a week, according to industry experts.

  • How to Fix the Gas Shortage: Let ’em Gouge

    Exactly how bad does the gasoline shortage in New York and New Jersey have to get before the governments of these two states suspend their insane price-cap policies?

  • Scope of Sandy's Devastation Widens, Death Toll Spirals
    By: AP

    Motorists fumed in long lines at gas stations around the New York area and screamed at each other Friday as fuel shortages hindered the region's efforts to recover from Super Storm Sandy. But in a move toward normalcy, Atlantic City's casinos were allowed to reopen.

  • After the Hurricane, Beware of Scams Named for Sandy

    Callers touting hurricane-related investments may be scam artists capitalizing on the storm.

  • The Post-Sandy Quest: Coffee ... And a Shower
    By: Heesun Wee

    With power still out for thousands along the Northeast, industrious residents are roaming their neighborhoods for basic necessities. The day begins with a search for a cup of coffee.

  • Without Power, Silicon Alley Goes in Search of New Digs

    In the wake of Sandy’s aftermath, startups based on New York City have had to relocate to keep operations running. With so many Silicon Alley offices located in Lower Manhattan, where power has been out for days, finding a remote hideout with wifi has been critical.

  • Commuters Snatch Up Bicycles in Storm's Wake

    In the midst of congested transit left in Sandy’s wake, more New Yorkers are opting to ride their bicycles.

  • Sandy an 'Enormous Hit' to Economy: Ex-Fed Official
    By: Javier E. David

    A U.S. economy already hampered by the possibility of deep fiscal retrenchment must now grapple with the “enormous hit” of Hurricane Sandy, a top Wall Street economist said Wednesday.

  • The Suze Orman Show - Saturday, February 19th
    By: Suze Orman | Host, CNBC’s The Suze Orman Show

    Suze Orman, host of CNBC's "Suze Orman," explains what you need to know about your home insurance policies in regard to Superstorm Sandy.

  • Trains Roll, but Northeast Struggles Back From Sandy
    By: Wires with

    New Yorkers felt the rumble of subway trains for the first time in four days on Thursday but gasoline shortages persisted in the Northeast and emergency crews struggled to reach the worst-hit areas and restore power to millions of people.

  • Sandy Helps Push Gasoline Prices Lower

    Gasoline prices are likely to keep falling, after Super Storm Sandy shut down highways and air travel across the East Coast.

  • El-Erian: Sandy's Market Impact — From the Known to the Uncertain
    By: Mohamed El-Erian | CO-CIO, PIMCO

    As our thoughts remain with all those who have been horribly affected by the devastation that hit the U.S. Eastern seaboard and its aftermath, we are being asked about the implications of Hurricane Sandy for markets

  • Sandy Wreaks Havoc, Economic Impact Not Yet Clear

    When trading starts back up in New York, traders should have had time to assess how severe the damage was from Hurricane Sandy.

  • Sandy Leaves Travel Plans Up in the Air

    Hurricane Sandy smacked the East Coast then turned into Super Storm Sandy. Now, thousands of travelers are no doubt calling her Pain in the Neck Sandy. This, as some airports start operating as normal again others are a long ways from having a regular schedule.

  • Hotel Prices Spike, Some Travelers Suspect Price Gouging

    Demand for East Coast hotel rooms is spiking, and some travelers charge price gouging in the aftermath of Hurricane Sandy.

  • How the Fed Fought Sandy

    The offices of the Federal Reserve banks of New York and Philadelphia are nearly empty. But the staffs of the banks, as well as the Board of the Federal Reserve in New York, are working from home to keep the U.S. financial system flowing smoothly.

  • Watch the Hurricane Sandy Webcams

    It happened after hurricane Katrina, and the expectation is that Sandy will prove no different. “Demand for self-storage rises considerably as homeowners, contractors, and local suppliers set about preparing for reconstruction,” note analysts David Toti and Gaurav Mehta of Cantor Fitzgerald.

  • Here's One Unusual Hurricane Trade

    Traders at hedge funds frustrated by the lack of access to equities markets in the United States have been combing through the world for proxies, assets they might be able to trade that are so correlated with certain U.S. equity classes that traders can synthetically reproduce the trades they can't make in U.S. markets. These are few and far between, of course.

  • Save the Inventory: Sandy Lashes Brooklyn Businesses
    By: Heesun Wee

    As power failures and flooding overwhelmed lower Manhattan and the Red Hook section of Brooklyn early Tuesday, small businesses scrambled to recover amid the aftermath of Sandy.

  • Flood of Activity on Twitter, Facebook During Hurricane Sandy

    With the lights out smart phones are the only source of information for people left in the dark by Hurricane Sandy, which puts the spotlight on Twitter and Facebook.

  • Oil Markets Brace for 'Demand Destruction' After Sandy
    By: Sri Jegarajah | Reporter, CNBC Asia Pacific

    Hurricane Sandy may inflict a negative hit to demand for crude oil and fuel products as production at U.S. East Coast refineries comes to a standstill, reducing demand for the primary input.

  • Sandy Won't Dent the Dollar: Pro

    “Going forward we are going to have to anticipate these types of extreme weather patterns,” New York Governor Andrew Cuomo said in a press conference Tuesday morning. “And we have to think about how we redesign the system so that this doesn’t happen again.”