Norfolk Southern’s stock extends selloff, and one analyst turns bullish

Shares of Norfolk Southern Corp. have fallen enough — when compared with those of other railroad operators and the broader stock market — to create a “compelling entry point” for investors, according ...

Greener Gas Plants, Glass Onion’s Hydrogen Goof And The High Cost Of Disasters

This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. This combined cycle gas plant produces po...

Major Natural Disasters Cost U.S. $165 Billion Last Year—Here Are The Priciest Weather Events

Topline Large-scale weather and climate disasters totaling at least $1 billion in losses cost the U.S. an estimated $165 billion in 2022, according to data released Tuesday by the National Oceanic and...

Industry seeks solutions for NFT image-hosting disasters

The image-hosting aspect of nonfungible tokens is in need of major improvements. First, people saw NFTs on FTX break after it declared bankruptcy. More recently, NFTs on the marketplace Magic Eden sho...

Tough year for crypto: the disasters of 2022

Cryptocurrency has come a long way since the emergence of Bitcoin in 2009. While it has gained widespread adoption and recognition, the crypto market has also witnessed several major disasters since. ...

How Southwest Airlines Melted Down

When Southwest Airlines Co. reassigns crews after flight disruptions, it typically relies on a system called SkySolver. This Christmas, SkySolver not only didn’t solve much, it also helped create the ...

The Market’s 5 Biggest Disasters In 2022

Coinbase leads the list of this year’s list of stock-market disasters. (Photo by Chesnot) Getty Images CoinbaseCOIN leads the list of this year’s list of stock-market disasters. Here are the stocks do...

Which states have had the most major climate disasters since 2011?

Ninety percent of counties across the U.S. have experienced a flood, wildfire, hurricane or other federally declared climate disaster between 2011 and 2021, according to a report published Wednesday t...

Binance Takeover of FTX Is a Huge Red Flag for Crypto

One of the most dangerous moments in any hurricane is when the eye passes. Gale winds give way to calm, tempting those hunkering down to come out and assess the damage only to find that more of the st...

Berkshire Could Take a Big Storm Hit. Watch for Buyback News.

Berkshire Hathaway could suffer losses of $3 billion from Hurricane Ian and other weather events in the third quarter, but investors are apt to be more focused on the company’s investment activity. Be...

New England Risks Winter Blackouts as Gas Supplies Tighten

Listen to article (2 minutes) New England power producers are preparing for potential strain on the grid this winter as a surge in natural-gas demand abroad threatens to reduce supplies they need to g...

Opinion: Florida’s insurance rates have almost doubled over five years, yet insurance companies are still losing money — and the reason is more insidious than hurricanes

Hurricane risk might seem like the obvious problem, but there is a more insidious driver in this financial train wreck. Finance professor Shahid Hamid, who directs the Laboratory for Insurance at Flor...

In Hurricane Ian’s Wake, Insurers and Homeowners Gear Up for Coverage Fights

Litigation is looming for home insurers in Florida as cash-strapped, underinsured homeowners—paired with an aggressive plaintiffs’ bar—are expected to turn to the court system to try to force payments...

How to protect your finances from natural disasters like Hurricane Ian

Tap emergency resources Reach out to the Federal Emergency Management Agency, Disaster Assistance Improvement Program and the American Red Cross, as well as state and local governments, for emergency ...

If Hurricane Ian destroyed your home, take these critical first steps for disaster relief and insurance

The full financial and human price of Hurricane Ian’s destruction is still unknown, days after it lashed Florida, and now with the Carolinas fresh off its wrath. But even with the immediate search-and...

Flood Insurance Fell in Florida Before Hurricane Ian Struck

SANFORD, Fla.—Florida homeowners had reduced their flood insurance coverage in the years before Hurricane Ian dumped up to 15 inches of rain on the state, inundating coastal and inland areas. Only a s...

Hurricane Ian May Hurt Florida Properties, and Actually Help Insurers

When Hurricane Andrew hit south Florida on the morning of Aug. 24, 1992, insurance stocks opened down. But by noon they’d recovered and the sector closed up that day, recalls MKM Partners analyst Harr...

Ford Seeks New Trial After $1.7 Billion Jury Verdict in Truck Rollover Lawsuit

Listen to article (1 minute) Ford Motor is asking a Georgia court for a new trial, after a jury reached a $1.7 billion verdict against the auto maker last month involving a truck rollover accident tha...

Solar Panels Don’t Power Your Home and Other Insights From an Energy CEO

Text size Generac stock is down 51% year to date. Andreas Rentz/Getty Images Powering a home is getting more complicated as outages rise and options—such as solar panels, generators, and batteries—pro...

More Power Outages Make Generac Stock Worth Buying Now

Text size The average U.S. electricity customer lost power for more than eight hours in 2020. That’s up more than 100% from 2013. Alamy In theory, record heat waves, Western wildfires, rolling blackou...

Rising Power Outages Make Generac Stock Worth Buying Now

Text size The average U.S. electricity customer lost power for more than eight hours in 2020. That’s up more than 100% from 2013. Alamy In theory, record heat waves, Western wildfires, rolling blackou...

Elon Musk Has a Solution for the Energy Grid. And He’s Probably Right.

Text size Tesla sells more than just cars. It sells battery storage solutions to utilities around the globe. Melissa Sue Gerrits/Getty Images Heat, climate change, renewable power, and the grid are al...

Palantir Is Helping California Manage Wildfires

Text size California is entering its season of blackouts, wildfires along with calls for more power and preparations for future problems. Frederic J. Brown/AFP via Getty Images These days, wildfires b...

EU’s Energy Plan Beats Inaction

A perfect storm has hit European energy markets, pushing leaders to intervene. It isn’t all bad news for investors. The confluence of extreme summer heat, dwindling Russian gas deliveries, unplanned o...

Ford Stock Falls on $1.7 Billion Verdict in Fatal Truck Rollover. Ford to Appeal.

Text size A large jury award against Ford has investors nervous Monday. Scott Olson/Getty Images Ford Motor stock was falling in premarket trading Monday because of a potentially large legal bill. A j...

Ford Faces $1.7 Billion Verdict in Fatal Rollover of F-250 Pickup

Ford Motor is facing a potential $1.7 billion in punitive damages after a Georgia jury reached a verdict Friday in a case involving a 2014 rollover of a Ford F-250 pickup truck that left two people de...

How Generac Thrives Amid Grid Blackouts And Natural Disasters

Unsatisfied with an 80% market share in the home generator business, CEO Aaron Jagdfeld has big ideas for home microgrids. In 2008, things were looking grim for Generac. The 49-year-old firm, which ma...

The World Food Shortage Is Getting Worse. These Companies Have Solutions.

Scorching heat and drought shriveling up crops in the Midwest and eastern Africa. A continued pandemic. War in Ukraine. Rarely has the world seen such a confluence of disasters, threatening the abilit...

Boeing Clears Hurdle for Resuming 787 Dreamliner Deliveries

U.S. air-safety regulators signed off on a Boeing plan aimed at addressing problems with the 787 Dreamliner, a major step before the company restarts deliveries of the aircraft, according to people fa...

Sesame Solar is selling clean-energy nanogrids for disasters

Michigan-based startup Sesame Solar is producing what it deems the world’s first fully-renewable mobile nanogrid for natural disaster relief. Its units can be used as mobile communications and c...

Brian Moynihan dismisses Jamie Dimon’s warning on the economy: ‘You’ve got hurricanes that come every year.’

Jamie Dimon, the JPMorgan Chase JPM, +0.50% chairman and chief executive, got everyone’s attention when he warned there’s an economic hurricane coming, from rate hikes, the war in Ukraine and inflatio...

Boeing Changes Will Make Planes Safer, Executive Says

EVERETT, Wash.––Boeing safety chief said changes under way at the plane maker following two deadly 737 MAX crashes should prevent engineers from designing another automated cockpit system without suff...