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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow California became a hot spot for expensive gas pricesCalifornia is home to some of the highest gas prices in the United States, according to AAA. High taxes are partly to blame since the Golden State has the highest gasoline taxes in the nation, according to the U.S. Energy Information Administration. But, there's more to the story. Watch the video above to learn more about what is driving gas prices higher and how drivers can save money.

Organizations: AAA, Golden State, U.S . Energy Information Administration Locations: California, United States

☆ The Houthi air force has a single fighter jet — an ancient F-5. The US is very much not afraid of it.
▼ + stars: | 2024-01-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

The Houthi forces in Yemen have just one jet, an old F-5. The US has launched airstrikes on the Houthis — which an F-5 probably can't do much about. AdvertisementThe Houthi rebels in Yemen have one of the world's strangest fighter jet fleets — a single, aged F-5 fighter jet. The claim was made by a US official to Chris Gordon, who covers the Pentagon for Air & Space Forces Magazine. Its air force apparently consists of just one F-5 fighter jet it seized from government forces during the recent civil war.

Persons: —, Chris Gordon, Joshua Koontz, it'd Organizations: US, Service, Pentagon, Air & Space Forces Magazine Locations: Yemen, Red, Iran, Sanaa

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerica's billion-dollar tornado problemTornadoes are a billion-dollar problem in the United States. From 2018 to 2023, there have been 17 billion-dollar climate disasters involving tornadoes. The costs are expected to grow, but the U.S. is not helpless when it comes to tornado damage. Engineers know how to build stronger structures that can withstand high winds. Part of the challenge of creating more tornado resilience in the U.S. is that building codes are generally a local and a financial decision.

Organizations: Engineers Locations: United States, U.S

☆ Why tornadoes are more destructive than ever in the U.S.
▼ + stars: | 2023-10-04 | by ( Katie Koontz | ) www.cnbc.com time to read: +4 min

One hundred sixty-one people were killed in the Joplin tornado. The May 2011 Joplin tornado left behind almost $3 billion in damage, making it the costliest U.S. tornado on record. "Tornadoes are a big problem in the United States," said Anne Cope, chief engineer at the Insurance Institute for Business & Home Safety. Based on estimated wind speeds and damage, tornadoes can range on a scale from EF0 to EF5. "The reality is, is that all 50 states, including Alaska and Hawaii, receive tornadoes."

Persons: Troy Bolander, Ann Leach, Ann, Troy, Anne Cope, Cope, Joplin, Leach, Victor Gensini, Gensini Organizations: Joplin, Insurance Institute for Business & Home, of Commerce, Resilience Victoria, Department of, Northern Illinois University Locations: Joplin , Missouri, Kansas, Joplin, Troy, United States, U.S, Plains, Texas, Alaska, Hawaii, Midwest, Mississippi, Memphis, Indianapolis, Nashville

[1/2] The BP logo is seen on gasoline pumps at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsLONDON, Sept 29 (Reuters) - BP's (BP.L) top executive in the United States, Dave Lawler, is leaving the company, the energy company said on Friday in a memo to employees, less than three weeks after the company's chief executive, Bernard Looney, resigned. He is the younger brother of Doug Lawler, chief executive of Continental Resources, another large U.S. shale oil and gas producer. BPX operations in Texas and Louisiana last year produced an average of 325,000 barrels of oil and gas per day. Alvarez, who joined the company in 1996, will continue in his role as senior vice president gas and power trading, Americas.

Persons: Andrew Kelly, Dave Lawler, Bernard Looney, Helge Lund, Lawler, Doug Lawler, Orlando Alvarez, Alvarez, Kyle Koontz, Ron Bousso, Juby Babu, Shilpi Majumdar, Daniel Wallis, Leslie Adler Organizations: REUTERS, BP, Energy, Continental Resources, Reuters, BP America, BPX Energy, Thomson Locations: Manhattan , New York City, U.S, United States, Gulf of Mexico, Texas, Louisiana, BP America, Americas, London, Bengaluru

☆ Zoom forecasts current-quarter profit above estimates on strong enterprise demand
▼ + stars: | 2023-08-21 | by ( Jaspreet Singh | ) www.reuters.com time to read: +2 min

The Zoom Video Communications logo is pictured at the NASDAQ MarketSite in New York, New York, U.S., April 18, 2019. Zoom expects third-quarter revenue between $1.115 billion and $1.120 billion for the quarter, compared with analysts' average estimate of $1.13 billion, according to Refinitiv data. Excluding items, the company posted second-quarter profit of $1.34 per share, compared with target estimate of $1.05. Second-quarter enterprise revenue of the company rose 10.2% to $659.5 million. Zoom raised its annual revenue forecast to between $4.49 billion and $4.50 billion, compared with its earlier forecast of between $4.47 billion and $4.49 billion.

Persons: Carlo Allegri, Needham, Ryan Koontz, Webex, Koontz, Kelly Steckelberg, Zoom, Jaspreet Singh, Krishna Chandra Organizations: NASDAQ, REUTERS, Communications, Wall, Revenue, Thomson Locations: New York , New York, U.S, San Jose , California, Bengaluru

☆ Needham makes its top stock picks to beat the market the next 6 months
▼ + stars: | 2023-08-16 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Several companies, ranging from under-the-radar biotech names to major software providers, could still rake in major gains this year, according to analysts from Needham. Investors can look to these names for some potential returns after witnessing a series of market losses this month. Analysts at the firm forecast 17% upside to the stock based on Tuesday's closing price. The company reported a beat on second-quarter earnings in July amid negative sentiment on the sector, analyst Ryan Koontz noted. Still, the analyst expects continued upside on revenue and earnings per share, driven by a strong rural fiber access market.

Persons: Needham, Biopharmaceuticals, Ami Fadia, MongoDB, Mike Cikos, Cikos, Ryan Koontz, — CNBC's Michael Bloom Organizations: Needham, Dow Jones, Nasdaq, Management, Education Locations: 2H23

Some airlines, including Southwest, no longer have automatic agreements in place that allow for rebooking on another airline free of charge, she said. He and his family spent Christmas in Austin, Texas, and intended to fly home to Raleigh, North Carolina, on Dec. 26 via Southwest. “What are you going to do if the airline can’t save you?” Bangs said. Sallyann Koontz got stuck in Austin after her Southwest Airlines flight home to Charleston, South Carolina, was canceled. "It has served the public with affordable flights and possibly allowed travel for less affluent families for decades," Koontz said of the airline.

☆ Zoom shares down 90% from peak as pandemic boom fades
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Shares of Zoom Video Communications Inc (ZM.O) have tumbled about 90% from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID world. The stock was down 9% in premarket trading on Tuesday after the company cut its annual sales forecast and posted its slowest quarterly growth, prompting at least six brokerages to cut their price targets. Reuters Graphics"Zoom has a fundamental flaw - it has needed to spend heavily to keep hold of market share. Spending to cling onto, rather than grow, market share is never a good place to be and was a sign of trouble ahead," Hargreaves Lansdown equity analyst Sophie Lund-Yates said. Competition from Microsoft's Teams and Salesforce's Slack has blunt its edgeReporting by Chavi Mehta and Aditya Soni in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

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