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A brush fire broke out Friday night in Prospect Park, in the Brooklyn borough of New York City, amid a drought that has been plaguing the northeastern U.S. for weeks. The New York City Fire Department posted about the fire on X at around 8 p.m. and said "operations are ongoing." On Thursday, "temperatures soared to well above normal readings," the National Weather Service office in New York said. The entire New York City region was under a red flag warning Friday, the weather service said, with wind gusts up to 30 mph possible. Prospect Park is located between the neighborhoods of Park Slope, Prospect Heights, Prospect Lefferts Gardens, Flatbush and Windsor Terrace in Brooklyn and boasts a zoo and an ice rink in its 526 acres.
Persons: Eric Adams, Adams, ” Adams Organizations: New, New York City Fire Department, NBC, New York City, FDNY, Emergency Management, NYC Department of Parks and Recreation, National Weather Service, National Oceanic, Atmospheric Administration, Regional Climate Center, New York State Division of Homeland Security, Emergency Services Locations: Prospect Park, Brooklyn, New York City, U.S, York, New York, New Jersey , Connecticut, Massachusetts, Cities, Philadelphia, Newark , New Jersey, Wilmington , Delaware, Norfolk , Virginia, New, Park Slope, Prospect Heights, Prospect Lefferts Gardens, Flatbush, Windsor Terrace
Price gouging is the practice of retailers artificially inflating prices dramatically when the retailer's costs have not increased. In times of crisis, when urgent demand vastly outpaces supply, consumers can be especially vulnerable to price gouging. Florida is preparing for Hurricane Milton to make landfall on its western coast Wednesday, deepening the wounds left by the devastation of Hurricane Helene, which ravaged the southeastern U.S. about a week earlier. The attorney general's office has received more than 450 consumer contacts alleging price gouging related to Helene, which "mostly concern fuel," a spokesperson told CNBC. Though the price-gouging panic is normal during natural disasters, just the term "price gouging" has political implications, less than a month out from a presidential election that is extremely close.
Persons: Pete Buttigieg, Joe Biden, Hurricane Helene, Hurricane Milton, Milton, Helene, Kamala Harris, Harris, Howard Stern, — CNBC's Leslie Josephs Organizations: White, The Department of Transportation, Hurricane, CNBC, Transportation, , Tampa International, Orlando International Airport, . American Airlines and United Airlines, Florida Attorney General's, Democratic Locations: Washington ,, Florida, Hurricane, U.S, Tampa, Milton
Scientists with the National Weather Service and the National Hurricane Center began sounding the alarm as early as Sept. 23. In a YouTube video posted that morning, the National Hurricane Center’s deputy director, Jamie Rhome, described a tropical cyclone that would “briskly develop” into a hurricane. Monday night, the National Weather Service posted on X that heavy rain and powerful wind gusts would hit the Southeast later in the week. “It is not common for the National Weather Service to use words like ‘catastrophic’ to describe forecasts,” Buncombe County Manager Avril Pinder said at a news conference Thursday morning. That has made even apolitical groups like the National Oceanic and Atmospheric Administration (NOAA) and the National Weather Service a target of some Republicans.
Persons: Hurricane Helene, Amanda Wright, Wright, ” Wright, , Jamie Rhome, David Novak, Avril Pinder, grimly, ” Novak, , Mae Creadick, Donald Trump, Helene, ” Trump, Kelli Burns, ” Burns, Chris Gloninger, Gloninger, we’re, ” Gloninger, Asheville ”, ” Ophir Organizations: Hurricane, National Weather Service, National Hurricane Center, NWS, Prediction, Social, NBC News, , Oceanic, Atmospheric Administration, NOAA, University of South, University of Buffalo Locations: U.S, Knoxville , Tennessee, Asheville , North Carolina, Florida’s Big Bend, Hurricane, North, Buncombe, Taylor County , Florida, Buncombe County, Asheville, Columbia , South Carolina, ” In Tennessee, University of South Florida, North Carolina, Kings Mountain , North Carolina, Ophir
Floodwaters in the area of Gulfport, Fla., on Thursday, ahead of Hurricane Helene. Helene, a Category 4 hurricane, made landfall near Perry, Fla., some 200 miles north of Tampa. All three storms put wide swaths of the Tampa Bay region underwater, though none more than Helene, which brought storm surge into neighborhoods that had not seen such flooding in decades — or ever. Credit... Nicole Craine for The New York TimesImage Shore Acres, a flood-prone enclave on the edge of Tampa Bay in St. Petersburg. He would soon add another at three feet, to mark the amount of water that had flowed into his shop from Helene.
Persons: Hurricane Helene, Living, Helene, Idalia, Debby, ” Mimi Wills, I’ve, Nicole Craine, , Kento Kawakami, Meghan Martin, Hurricane Idalia, Jane Castor of, Ms, Castor, Gina Ryals, The New York Times “ I’m, , Chris Wilkerson, Michael Childress, Nancy Otto’s, Hurricane, Nancy Cotto, Cotto, Becki Weber, Ian, Anthony Altman Jr, Scott McIntyre, The New York Times “, Mike Cannon, Pete Beach, Michael Morton, Mr, Morton, Chris Grant, Grant, ” Mr, ” Emily Cochrane, Jennifer Reed Organizations: Hurricanes, Hurricane, Fla ., The New York Times, Tampa General Hospital, , Idalia, The New York, Shore, Fort Myers, ., Vermont Urban, Task Force Locations: Gulfport, Fla, Hurricane, Tampa Bay, Florida, Mexico, Tampa, Perry, South Tampa, Clearwater, Fla . Credit, Asheville, N.C, Florida , Georgia, North Carolina, South Carolina, Virginia, Atlanta, Erwin, Tenn, St . Petersburg, Old Port Tampa, Davis, downtown Tampa, Shore, Jane Castor of Tampa, St, Petersburg, Credit, Pinellas County, Hillsborough County, Fort Myers Beach, Crystal, Helene, Crystal River, Madeira Beach, Vermont, Fort Myers
David Hester inspects damages of his house after Hurricane Helene made landfall in Horseshoe Beach, Florida, on September 28, 2024. Hurricane Helene is ravaging communities across the southeastern United States as mass flooding and brutal winds descend on Florida, Georgia, North Carolina, South Carolina and Tennessee. As of Saturday, the Category 4 storm had killed at least 52 people, according to the Associated Press. Evacuations began before the storm made landfall and have been ongoing in the days since. Here are photos of some of the wreckage left in the wake of Helene:
Persons: David Hester, Hurricane Helene, Joe Biden, Kamala Harris, Helene Organizations: Associated Press Locations: Horseshoe Beach , Florida, United States, Florida , Georgia, North Carolina, South Carolina, Tennessee
Florida ranks sixth among states with the largest shares of homeowners who don't have meaningful insurance. Putnam County, in the northern part of the state, is at 32.9%, while in Miami-Dade County, nearly 25% lack homeowners insurance that would protect them from calamity. In Miami-Dade County, 33.5% of homeowners pay $4,000-plus a year, ranking it in the top 10 among the country's most populous counties. Curtis, who has lived in Taylor County for 40 years and is a former forester, said many of her neighbors can't afford to pay for insurance. Her insurance doesn't cover hurricane damage, so McDonald will anxiously await news from home until the storm passes, she said.
Persons: Michelle Curtis, Hurricane Helene, Curtis, Helene, Debbie McDonald, Hurricane Idalia, she's, McDonald Organizations: Southeastern, Atmospheric Administration, Miami, Dade, Census, Cedar Locations: Florida, Perry, Hurricane, Taylor County, Florida’s Big Bend, Southeastern U.S, Putnam County, Miami, Dade County, U.S, Cedar, Gainesville, Jacksonville
A hurricane watch and warnings of storm surges up to 15 feet high were issued Tuesday for almost all of Florida's western coastline as a potential tropical storm moves across the Caribbean Sea and towards the Gulf Coast. The hurricane watch extends from Indian Pass in north-west Florida near Panama City, down to Englewood, and includes Tampa Bay. Hurricane and tropical storm watches are now in effect for the entire western coast of the Sunshine State. A hurricane watch means that hurricane conditions are possible, and is typically issued 48 hours before the anticipated onslaught of tropical-storm-force winds and conditions. Outside of the U.S., a hurricane watch is also in effect for parts of eastern Mexico from Cabo Catoche to Tulum and Pinar del Río in Cuba.
Persons: Helene, Ron DeSantis, DeSantis, Floridians, Beryl, Debby, Francine Organizations: Grand Cayman, National Hurricane Center, NHC, Sunshine State, Lower, Florida Gov, Federal Emergency Management Agency, National Guard, Florida State Guard, Atmospheric Administration, Climate Central, Northern, Florida Climate Center Locations: Gulf Coast, Florida, Panama City, Englewood, Tampa, Grand, Mexico, Flamingo, Walton, Bay, Bonita Beach, Lower Florida Keys, U.S, Cabo Catoche, Tulum, Pinar del Río, Cuba, Cayman Islands, Tallahassee, Gulfport, Henrico County, Bend, Caribbean, Northern Caribbean, Eastern Gulf of Mexico, Texas, Florida’s Big Bend, South Carolina, Louisiana
Prolonged exposure to or physical exertion in excessive heat can cause heatstroke, according to the Mayo Clinic. Starting Tuesday, cooling centers — indoor, air-conditioned spaces for public use — will be open during the day in New York. At night, because heat can disrupt sleep, 60 to 67 degrees is recommended by the Cleveland Clinic. A technician will typically check for and diagnose issues with the system, clean it and change out the filter. New York Times Cooking has a list of “No-Cook Recipes for a Heat Wave” so you can prep a meal without turning on your stove top.
Persons: you’re, Patrick Junker, Wirecutter, Steer Organizations: Chicago, Mayo Clinic, Cleveland Clinic, American Kennel Club, The New York Times, York Times Locations: New York, Dallas, New York City, Ronda Kaysen
More than just uncomfortable, the heat can be dangerous and at worst deadly, and it’s only becoming more of a threat with climate change causing rising temperatures. Prolonged exposure to or physical exertion in excessive heat can cause heatstroke, according to the Mayo Clinic. Starting Tuesday, cooling centers — indoor, air-conditioned spaces for public use — will be open during the day in New York. At night, because heat can disrupt sleep, 60 to 67 degrees is recommended by the Cleveland Clinic. It depends on the animal, and its size and type, but pets are generally less tolerant of higher temperatures than humans.
Persons: you’re, Patrick Junker, Wirecutter, Steer Organizations: Chicago, Mayo Clinic, Cleveland Clinic, American Kennel Club, The New York Times, York Times Locations: New York, Dallas, New York City, Ronda Kaysen
At least one person was killed on Wednesday as strong storms moved through Missouri, Illinois, Kentucky and Tennessee on Wednesday afternoon, bringing heavy rain, strong winds and hail in some areas. The severe weather arrived a day after widespread storms pummeled the Midwest, with tornadoes that tore through Michigan. As storms continued to move through a swath of the Midwest and the Eastern United States on Wednesday afternoon, the National Weather Service issued a string of tornado warnings in cities across Missouri, Kentucky and Tennessee. More severe storms were expected through the evening, according to forecasters. About 18 million people were under either an enhanced or moderate risk of severe weather — the third and fourth levels of intensity, out of five — on Wednesday, according to the National Weather Service’s Storm Prediction Center.
Organizations: Midwest, Eastern, National Weather Service, Prediction Locations: Missouri , Illinois, Kentucky, Tennessee, Michigan, Claiborne County, Eastern United States, Missouri , Kentucky
(Photo by May James/SOPA Images/LightRocket via Getty Images)JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest sportswear retailer looks to expand across the southeastern U.S. The deal comes as shares in athletic clothing retailers come under pressure globally after weak outlooks from sports apparel makers such as Nike and Puma. It will pay $87.50 per Hibbett share in cash, representing a premium of about 20% to the U.S. firm's last closing price. JD Sports shares, which have fallen more than 20% so far this year, were up 6% by 0900 GMT. The deal is expected to add to the British firm's earnings in the first full year of ownership, with cost savings expected to be at least $25 million, JD said.
Persons: May James, Foot Locker, Dominic Platt, JD Organizations: UNITED, Getty, Hibbett Inc, Nike, Puma, Adidas, JD Sports, Paris Olympics Locations: UNITED KINGDOM, England, premarket U.S, U.S, North America, Bury, Greater Manchester
In this photo illustration, an emergency alert is displayed from the national Emergency Broadcast System warning of an earthquake in the area on April 5, 2024 in New York City. Earthquakes of Friday's magnitude are relatively rare in the northeastern U.S., and the intensity and duration of Friday's quake startled people across the region. The National Tsunami Warning Center said there was no danger of a tsunami on the East Coast after the quake. The USGS said there was a 46% likelihood of another earthquake of magnitude 3.0 or greater in the next week. The Federal Aviation Administration inspected runways at the three major airports in New York City and Newark, New Jersey.
Persons: @NYSE, CNBC's Carl Quintanilla, X Organizations: . Geological Survey, Earthquakes, New York Stock Exchange, State, Tsunami Warning, Federal Aviation Administration, Newark Liberty International, United Airlines Locations: New York City, Allentown , Pennsylvania, Whitehouse, New Jersey, Boston, Baltimore, U.S, New York, Manhattan, East Coast, Newark , New Jersey, Newark, JFK, LaGuardia, Philadelphia
The Dali Is a Big Ship. But Not the Biggest.
  + stars: | 2024-03-28 | by ( Ella Koeze | ) www.nytimes.com   time to read: +4 min
Empire State Building Approximate width 1,454 feet long MSC Irina Biggest container ship in the world 200 feet wide 24,346 containers 1,312 feet Ever Max Biggest container ship to sail into Baltimore 167 feet 15,432 containers 1,201 feet Eiffel Tower 410 feet 1,083 feet Dali 157 feet 9,971 containers 984 feet Container ship of the 1970s ~2,500 containers 66 feet 705 feet Football field Shapes are approximate. 160 feet 360 feet Empire State Building Approximate width 1,454 feet long MSC Irina Biggest container ship in the world 24,346 containers 200 feet wide 1,312 feet Ever Max Biggest container ship to sail in the Port of Baltimore 15,432 containers 167 feet 1,201 feet Eiffel Tower 410 feet 1,083 feet Dali 157 feet 9,971 containers 984 feet Container ship of the 1970s ~2,500 containers 66 feet 705 feet Football field Shapes are approximate. 160 feet 360 feet 1,454 ft. 1,312 ft. 1,201 ft. 1,083 ft. 984 ft. 24,346 containers 705 ft. 15,432 containers 9,971 containers ~2,500 containers 360 ft. 66 ft. 200 ft. 167 ft. 410 ft. 157 ft. 160 ft. Approximate width Empire State Building MSC Irina Biggest container ship in the world Ever Max Biggest container ship to sail into Baltimore Eiffel Tower Dali Container ship of the 1970s Football field Sources: “The Geography of Transport Systems,” by Jean-Paul Rodrigue; VesselFinder; the Empire State Building; the Eiffel Tower; ShipHub; Maryland Port Administration Note: Widths shown are for the widest point for each ship.
Persons: Dali, Jean, Paul Rodrigue, Francis Scott Key, Theo Notteboom, Athanasios Pallis, , Rodrigue, Organizations: ., Eiffel, Transport Systems, Empire, Francis Scott Key Bridge, Container, Port Economics, Management, Eastern Seaboard, Texas, M University, Galveston, Baltimore . Locations: Baltimore, Port, ShipHub, Maryland, Panama, Eastern U.S, Suez
Jonathan Hayes woke up at 5 a.m. in rural Maine to feed his 20-some dogs Monday morning, and his heart sank when he learned that the sled race they had been training for since the fall was canceled. The Can-Am Crown International Sled Dog Race, the longest sled-dog race in the Eastern United States, will be canceled because of a lack of snow for the first time since the race’s inception more than three decades ago, event organizers said. The news came as a blow to the mushers who spent long hours training to prepare for the event, which was to be held from March 1 to March 5 in Fort Kent, Maine, which borders Canada. Mr. Hayes, a high school biology teacher, had spent hours training with his dogs after his family went to bed. “I’ve been pushing myself training and conditioning for the last six months for something that just got canceled,” Mr. Hayes said.
Persons: Jonathan Hayes, Hayes, “ I’ve, Mr, Organizations: Eastern Locations: Maine, Eastern United States, Fort Kent , Maine, Canada
SAN FRANCISCO (AP) — The number of western monarch butterflies overwintering in California dropped by 30% last year, likely due to how wet it was, researchers said Tuesday. Volunteers who visited sites in California and Arizona around Thanksgiving tallied more than 230,000 butterflies, compared to 330,000 in 2022, according to the Xerces Society, an environmental nonprofit that focuses on the conservation of invertebrates. Scientists say the butterflies are at critically low levels in western states because of destruction to their milkweed habitat along their migratory route due to housing construction and the increased use of pesticides and herbicides. On the eastern side of the Rocky Mountains, another monarch population travels from southern Canada and the northeastern United States to central Mexico. Scientists estimate that the monarch population in the eastern U.S. has fallen by about 80% since the mid-1990s, but the drop-off in the western U.S. has been even steeper.
Persons: Emma Pelton Organizations: FRANCISCO, Volunteers, Xerces Society Locations: California, Arizona, Pacific Northwest, Rocky, Canada, United States, Mexico, U.S
MADISON, Wis. (AP) — Federal wildlife officials announced Wednesday they will consider adding 10 new species to the Endangered Species Act, including a big bumble bee that serves as a key pollinator across the United States. Fish and Wildlife Service officials said they had completed 90-day reviews of petitions to add the species to the list and determined that listing may be warranted. Fish and Wildlife Service in 2022 to include the bee on the Endangered Species List. The agency included Eastern hellbenders who live in Missouri on the Endangered Species List in 2021. More than 1,300 species are listed as either endangered or threatened in the U.S. under the Endangered Species Act.
Persons: It's Organizations: Fish, Wildlife Service, Biological Diversity, U.S . Fish, Lockes, Lockes Wildlife Management, West Virginia . Locations: MADISON, Wis, United States, U.S, Southern, Midwest, Texas, North Dakota, Florida, Queens, Oklahoma, Alabama and Mississippi, Borneo, North Carolina, Lockes Wildlife, Nye County , Nevada, Arizona, Kentucky , Tennessee, Virginia, West Virginia, West Virginia . U.S, Eastern, Missouri
Cities across the eastern U.S. are preparing for a major storm system that will damper weekend plans when it brings torrential rain, high winds and severe thunderstorms to the East Coast. On Sunday, torrential rain is expected for nearly the entire state of Florida. Severe thunderstorms that could bring isolated nocturnal tornadoes in parts of the state, including Tampa and Orlando, are also possible. Heavy rain and strong winds are expected on the Mid-Atlanta coast. The NWS warned, however, that conditions will begin to deteriorate late Sunday into Monday when the storm "brings drenching precipitation and gusty winds to southern New England."
Persons: Kathy Hochul Organizations: Weather Channel, Florida, & Light Company, National Weather Service, Brooklyn, NWS, The New York State Division of Homeland Security, Emergency Services, Boston Locations: U.S, East Coast, Gulf, Mexico, Florida, Tampa, Orlando, Atlanta, New York, Queens, Long, Connecticut, New London County, Manhattan, Bronx, Staten Island, Westchester, Hudson, Capital, Boston, New England
Big timber companies have entered the offset market previously dominated by nonprofits, land trusts, tribes and timberland investment managers. Photo: Amanda Andrade-Rhoades for For The Wall Street JournalInvestors who made one of the biggest timberland purchases in years with plans to make carbon deals said they sold more than $100 million of so-called forest offsets during the gambit’s first year. Aurora Sustainable Lands, created to carry out the biggest wager yet on forest-carbon markets, said it expects its 1.7 million acres of eastern U.S. forest to annually yield additional offsets worth between $60 million and $150 million at current prices. Aurora paid about $1.8 billion for the properties last year.
Persons: Amanda Andrade, Rhoades Organizations: Street, Aurora Sustainable Lands, Aurora Locations: Aurora, U.S
Protester self-immolates outside Israeli consulate in Atlanta
  + stars: | 2023-12-01 | by ( ) www.reuters.com   time to read: +2 min
Smoke rises after an Israeli airstrike in Gaza, after a temporary truce between Israel and the Palestinian Islamist group Hamas expired, as seen from southern Israel, December 2, 2023. REUTERS/Alexander Ermochenko Acquire Licensing RightsDec 1 (Reuters) - A protester with a Palestinian flag self-immolated on Friday outside the Israeli consulate in Atlanta, authorities said. The protester arrived around 12:17 p.m. at the office building, which houses the consulate as well as several businesses, and used gasoline, police said. Israel has vowed to annihilate Hamas after the militant group attacked southern Israel on Oct. 7, killing 1,200 people and taking 240 hostages, according to Israeli tallies. More than 15,000 Gazans have been killed during Israel's assault, Palestinian officials say, which has destroyed much of the enclave.
Persons: Alexander Ermochenko, Darin Schierbaum, Anat Sultan, Israel, Joseph Ax, Kanishka Singh, Jonathan Allen, Matt Spetalnick, Daniel Wallis, Bill Berkrot Organizations: REUTERS, Palestinian, Police, ABC News, Thomson Locations: Gaza, Israel, Palestinian, Atlanta, U.S
Heavy rain and snow that could snarl morning travel in parts of the Eastern United States on Wednesday were expected to end by the afternoon and give way to a placid Thanksgiving for much of the nation, forecasters said. A storm that began late Monday and continued overnight Tuesday was expected to leave up to three inches of rain in some areas from the Gulf Coast through the Mid-Atlantic and into the Northeast. Snowfall of up to six inches was possible in parts of New Hampshire and northern Maine, according to the National Weather Service, which would create what the forecasters called a “white Thanksgiving.”
Persons: Organizations: Eastern, National Weather Service Locations: Eastern United States, Gulf, New Hampshire, Maine
[1/5] Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, U.S., November 22, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNov 22 (Reuters) - Millions of Americans headed to the homes of friends and family on Wednesday, the day before the Thanksgiving holiday, on the busiest travel day since the pandemic, undeterred by a sprawling East Coast storm system that disrupted some flights and slowed traffic. Industry group Airlines for America forecast U.S. airlines would carry some 29.9 million passengers between Nov. 17 and Nov. 27. That figure would be an all-time high, 9% higher than last year and up 1.7 million passengers from the levels seen before the COVID-19 pandemic. Out West, a snowstorm in the northern and central Rocky Mountains and adjacent High Plans will likely affect Thanksgiving travel from Wednesday night through Friday, the weather service said.
Persons: Kevin Lamarque, Hopper, Abraham Lincoln, Daniel Trotta, Joseph Ax, Miral Fahmy, Jonathan Oatis Organizations: Washington Dulles International, REUTERS, Industry, Airlines, America, U.S . Transportation Security Administration, American Automobile Association, AAA, National Weather Service, Thomson Locations: Dulles , Virginia, U.S, East, COVID, Carolinas, Atlantic, New England, New Hampshire, Rocky
On Tuesday, 2.6 million passengers were screened at airport security checkpoints, the highest ever for a Tuesday before Thanksgiving, according to the U.S. Transportation Security Administration. [1/10]People go to their flight gates ahead of the Thanksgiving holiday at O’Hare International Airport in Chicago, Illinois, U.S. November 22, 2023. The two major airports in Houston, Texas were expecting to shatter their record of air travelers from Nov. 16-28. Some 2.4 million people were expected to fly through Houston, up 11% from that period in 2022, the airports' management said. Out West, a snowstorm in the northern and central Rocky Mountains and adjacent High Plans will likely affect Thanksgiving travel from Wednesday night through Friday, the weather service said.
Persons: Mike Arnot, Vincent Alban Acquire, COVID, Hopper, Daniel Trotta, Allison Lampert, Joseph Ax, Gabriella Borter, Miral Fahmy, Jonathan Oatis, David Gregorio Our Organizations: National Weather Service, Airlines for America, U.S . Transportation Security Administration, Ontario . Buffalo Niagara International, O’Hare, REUTERS, American Automobile Association, AAA, Thomson Locations: U.S, United States, Canada, Niagara Falls, New York, Ontario, Chicago , Illinois, Houston , Texas, Houston, New England, New Hampshire, Rocky
ATLANTIC CITY, N.J. (AP) — Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry. Some projects already have been canceled, and many offshore wind developers are seeking better terms from governments with whom they have already contracted. Despite the challenges, some wind projects are moving forward. Orsted said it is proceeding with its Revolution Wind project in Connecticut and Rhode Island. And New Jersey still has several other offshore wind projects in various stages of development, with four new proposals submitted in August alone.
Persons: ” Mads Nipper, , , Louis Knight, Biden, Jeff Van Drew, “ David, Goliath, Robin Shaffer, Orsted, ___, Wayne Parry Organizations: CITY, New, Orsted, Northern, World Meteorological Organization, Sierra Club, , U.S, Government, Office, Republican, Dominion Energy, Virginia Beach, American Clean Power Association, Oceantic Network, Shell, EDF Renewables, Atlantic Locations: N.J, New Jersey, Danish, U.S, New England, Carolinas, New York, Coast NJ, Connecticut, Rhode, Virginia, Atlantic Shores, EDF Renewables North America, www.twitter.com
Softening demand means that investors should consider pivoting away from solar stocks, according to Deutsche Bank. The firm downgraded three solar names to hold from buy: SolarEdge , Sunrun and Sunnova . Deutsche lowered the price target for SolarEdge to $150 — implying a 32% potential upside from the stock's closing price Thursday — from $300. Those comments, along with SolarEdge cutting its third-quarter revenue guidance, put pressure on the broader solar sector. Earnings season for the solar industry kicks off with Sunnova reporting results on Oct. 25.
Persons: Deutsche, Sunnova, SolarEdge, Sunrun, Corinne Blanchard, whittle, Blanchard, there's, — CNBC's Michael Bloom Organizations: Deutsche Bank, NOVA, Bloomberg Locations: U.S, Northeastern U.S, Southern, China
Vehicles drive on the flooded Freeway 5 after an El Niño-strengthened storm brought rain to Los Angeles on Jan. 6, 2016. Lucy Nicholson | ReutersThe El Niño weather pattern is still active heading into the winter this year and it will mean the northern and far west portions of the U.S. will have a warmer-than-usual winter. El Niño, meaning "little boy" in Spanish, and La Niña, meaning "little girl" in Spanish, are opposite weather patterns driven by a change in the trade winds in the Pacific Ocean. This is the first time in four years that El Niño has been active as winter begins, according to the NOAA. While El Niño rains will alleviate ongoing droughts in some regions, it may also drive the development of drought conditions in the Pacific Northwest.
Persons: El, Lucy Nicholson, El Niño, Jon Gottschalck, Brad Pugh, Pugh Organizations: National Oceanic, Atmospheric Administration, NOAA, Rockies Locations: Los Angeles, El, U.S, Alaska, Pacific Northwest, New England, Gulf, Mississippi, Great Lakes, Michigan, Ohio, Indiana
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