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☆ Panama Canal drought hits new crisis level with nearly half of vessel traffic targeted for cuts
▼ + stars: | 2023-11-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

PANAMA CITY, PANAMA - SEPTEMBER 22: The container ship Maersk Bogor is guided by a tugboat as it prepares to enter the Miraflores locks while transiting the Panama Canal on September 22, 2023 in Panama City, Panama. The Panama Canal Authority is continuing to restrict the number of vessels that pass through the Panama Canal locks as drought has caused water levels at Gatun Lake to drop. Over one hundred ships are waiting to transit the canal and the backup could delay goods heading to the United States for the holiday season. The Panama Canal is popular for East Coast trade because it is faster than other options. Traveling through the Panama Canal takes only 35 days.

Persons: Justin Sullivan, Adil Ashiq, Alan Baer, Baer, Jon Davis, Davis, Ashiq, Paul Brashier Organizations: PANAMA CITY, The Panama Canal, Port, CNBC Supply Chain, Panama Canal Authority, East, Panama Canal, MarineTraffic, USA, CNBC, U.S, ITS Logistics Locations: PANAMA, Bogor, Miraflores, Panama, Panama City, The Panama, Colon, Caribbean, United States, Cape Horn, South America, East, Charleston, El Nino, East Coast, Shenzhen, China, Miami , Florida, Suez, North America, U.S, West Coast, Asia, Gulf

☆ Orsted’s losing US bets need rethink of UK plans
▼ + stars: | 2023-11-01 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

Turbulent news has buffeted the wind sector of late, from faulty turbines at Siemens Energy (ENR1n.DE) to Orsted’s own surprise impairments in August. After that surprise – largely caused by suppliers’ issues – Orsted’s stock price is just a fifth of its 2021 peak of 1,350 Danish crowns. That suggests investors are neither counting on future growth from its U.S. portfolio nor sufficiently factoring in Orsted’s earnings from operating projects. That’s a far cry from the annual average increase of 14% from 2023 onwards implied by Orsted’s EBITDA target of up to 55 billion Danish crowns in 2030. Hornsea Three would require capital investments of 48.5 billion Danish crowns, according to Bernstein.

Persons: Mads Nipper, Nipper, Orsted, Bernstein, Orsted’s, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Siemens Energy, Reuters Graphics Reuters, U.S ., Thomson Locations: SINGAPORE, United States, New Jersey, Danish, U.S . East Coast

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Apple, AbbVie, Chevron, Krispy Kreme, Roku and more
▼ + stars: | 2023-10-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are the biggest calls on Wall Street on Monday: JPMorgan upgrades Eastman Chemical to overweight from neutral JPMorgan said it sees an earnings rebound for Eastman Chemical. Bank of America reiterates Roku Bank of America said it's standing by its buy rating heading into earnings later this week. JPMorgan downgrades Olin to neutral from overweight JPMorgan downgraded the chemical company citing concerns about reduced product demand. " JPMorgan downgrades Valley National to neutral from overweight JPMorgan downgraded the regional bank mainly on valuation. Bank of America initiates Cooper Companies as buy Bank of America said the contact lens company is well positioned. "

Persons: Bernstein, Tesla, underperform Bernstein, Morgan Stanley, Apple, it's, Pinterest, Raymond James downgrades, Raymond James, TD Cowen, Decker, Baird downgrades Datadog, Baird, JPMorgan downgrades Newell, JPMorgan downgrades Olin, Olin, Harris, Hess, Truist, Piper Sandler, Piper, Oppenheimer, Goldman Sachs, Okta, Goldman, Wolfe Organizations: JPMorgan, Eastman Chemical, Barclays, Bank of America, Roku Bank of America, Apple, Citi, Raymond James downgrades Cisco, Cisco, Stanley Black, JPMorgan downgrades, JPMorgan downgrades Newell Brands, Newell Brands, UBS, East West Bancorp, Chevron, of America, Cooper Companies, Microsoft, MSFT, Deutsche Bank, Nvidia, Deutsche, Broadcom Locations: China, Okta

☆ Stocks making the biggest moves premarket: McDonald's, SoFi, Invitation Homes and more
▼ + stars: | 2023-10-30 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

East West Bancorp — Shares ticked up 2.6% after UBS upgraded them to buy on the back of strong third-quarter results. McDonald's — Shares popped 2.8% after the fast-food giant reported a third-quarter earnings and revenue beat. Revenue was boosted by higher-than-expected student loan originations for the quarter, according to the company's earnings release. The upgrade comes after L3Harris reported better-than-expected third-quarter earnings last week. However, the firm thinks DraftKings will have trouble breaking out higher until the company "proves market share resilience" in 2024.

Persons: SoFi, originations, Raymond James, L3Harris, Cowen, DraftKings, — CNBC's Pia Singh, Michelle Fox, Hakyung Kim Organizations: East West Bancorp, UBS, Revenue, Oppenheimer, L3Harris, NewAmsterdam Pharma, RBC Capital Markets Locations: LSEG

☆ What to Watch For in Thursday’s GDP Report: How High Did Consumers Push Economic Growth?
▼ + stars: | 2023-10-26 | by ( Amara Omeokwe | ) www.wsj.com time to read: +1 min

Tickets to movies helped drive strong consumer spending over the summer. Photo: Valerie Macon/Agence France-Presse/Getty ImagesU.S. economic growth accelerated sharply during the third quarter, forecasters estimate, as Americans increased spending and shook off fears of a slowdown. Economists surveyed by The Wall Street Journal estimate gross domestic product grew at a seasonally- and inflation-adjusted 4.7% annual rate in the third quarter—more than double the second quarter’s 2.1% pace. The Commerce Department is set to release its initial estimate of third-quarter gross domestic product at 8:30 a.m. Eastern time Thursday. In April, economists expected the economy would contract slightly over the summer months.

Persons: Valerie Macon Organizations: Agence France, Getty, Wall, Commerce Department Locations: Ukraine

☆ Meta stock's bad run continues, with its market value wipeout deepening to $60 billion on execs' warning of an advertising slowdown
▼ + stars: | 2023-10-26 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The Big Tech giant beat analysts' forecasts, but execs warned of a fourth-quarter slowdown in advertising revenues. Meta is on a bad run, with its market value on pace to fall $60 billion in the space of four trading sessions. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementMeta Platforms' stock price slipped in premarket trading Thursday, with so-so earnings failing to stop a bad run for the Big Tech giant. Meta's losses Thursday threaten to extend the tech firm's bad run this week.

Persons: —, Susan Li, Li Organizations: Big Tech, Meta, Service, London Stock Exchange Group Locations: Thursday's, Israel

☆ Valero tops profit estimates in strong start to U.S. refiner earnings
▼ + stars: | 2023-10-26 | by ( Arunima Kumar | ) www.reuters.com time to read: +2 min

The logo for Valero Energy Corporation is shown at a Valero gas station in Encinitas, California, U.S., May 2, 2016. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Valero Energy Corp FollowOct 26 (Reuters) - Refiner Valero Energy (VLO.N) beat analysts' estimates for third-quarter profit on Thursday, powered by sustained fuel and refined products demand against the backdrop of tight supplies. For the current quarter, Valero expects refining throughput between 2.93 million and 3.04 million bpd. The Diamond Green Diesel Port Arthur plant, which started up in the fourth quarter of 2022, boosted the sales volumes, Valero said. The 3-2-1 crack spread, a proxy for refining margins, fell around 35% during the July-September quarter.

Persons: Mike Blake, Lane Riggs, Valero, refiners, TD Cowen, Jason Gabelman, Arunima Kumar, Sriraj Organizations: Valero Energy Corporation, REUTERS, Companies Valero Energy Corp, Refiner Valero Energy, Valero, Green Diesel, U.S ., Thomson Locations: Valero, Encinitas , California, U.S, Saudi Arabia, Russia, Green Diesel Port Arthur, U.S . East Coast, San Antonio , Texas, Bengaluru

The whales were buoyed by a strong birthing year in 2021, when 18 calves were born into the population, the consortium said. However, consortium members cautioned that the high mortality faced by the whales from collisions and entanglement remains an unsustainable burden. Scientists say one reason the whales are now in decline has to do with warming oceans and climate change. Numerous lobster fishermen have opposed proposed fishing restrictions they fear would put them out of business rather than help whales. The right whale consortium said sublethal injuries to whales from collisions and fishing gear are also a major concern for the remaining population.

Persons: ”, Philip Hamilton, they're, Dave Cousens, Katie Moore, Janet Coit, Coit Organizations: U.S ., Atlantic, Whale Consortium, Anderson Cabot Center, Ocean, New, Maine Lobstermen’s Association, International Fund for Animal Welfare, National Marine Fisheries Service Locations: PORTLAND, Maine, North Atlantic, U.S . East Coast, Florida, Georgia, New England, Canada

Worries are growing about how much the turmoil could cost the global economy. Brent crude, the global oil benchmark, hit a three-week high this on Fridayfears that a military escalation could disrupt already tight supplies. In a speech largely focused on inflation, interest rates and economic growth, Jay Powell, the central bank’s chair, warned on Thursday that “geopolitical tensions are highly elevated and pose important risks to global economic activity.”The Middle East is becoming a wild card for the global economy. That would probably sap growth but might also slow the economy enough to negate the need for an additional interest-rate increase. The measures were announced days after the U.S. imposed tighter restrictions on sales of more advanced semiconductors to China.

Persons: Biden, —, Brent, Jay Powell, Powell, ” Powell, Kamala Harris, Jay Monahan, David Zaslav, Jim Jordan, Patrick McHenry, Jordan, there’s, Fran Drescher, George Clooney, ” Drescher, Sidney Powell, Donald Trump’s Organizations: Gaza, Israel, U.S . Navy, Intel, Siemens, European Commission, Digital Services, PGA, Warner Bros, Hollywood, SAG, Trump Locations: Mideast, Israel, Ukraine, Lebanon, U.S, Iran, Yemen, Syria, Iraq, Lisbon, Ohio, Trump . China, Beijing, China

☆ Ships Speeding Through US 'Go Slow' Zones Meant to Protect Endangered Whale -Report
▼ + stars: | 2023-10-19 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

BOSTON (Reuters) - More than 80% of ships are speeding through "go slow" zones set by environmental regulators along the U.S. East Coast to protect endangered North Atlantic Right Whales, according to a report released on Thursday by environmental group Oceana. Oceana said it analyzed boat speeds from November 2020 through July 2022 in slow zones established by the National Oceanic and Atmospheric Administration (NOAA) along the East Coast and found that 84% of boats sped through mandatory slow zones, and 82% sped through voluntary slow zones. "NOAA Fisheries’ approach evaluates overall compliance based on the percent of the total distance traveled by AIS-equipped vessels in the speed zones at compliant speeds," it said. It pointed out that ships sometimes enter the zones above 10 knots before slowing down. Oceana said it used data from Global Fishing Watch, an international nonprofit organization founded by Oceana in partnership with satellite imagery providers SkyTruth and Google, to track ship speeds and locations.

Persons: Oceana, — it's, Gib Brogan, Richard Valdmanis, Sandra Maler Organizations: BOSTON, U.S ., Atlantic, National Oceanic, Atmospheric Administration, NOAA, Reuters, NOAA Fisheries, AIS, Fishing Watch, Oceana, Google Locations: U.S, U.S . East Coast, Oceana, East Coast

☆ Ships speeding through US 'go slow' zones meant to protect endangered whale -report
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

Endangered North Atlantic Right Whales skim feed and sub-surface feed in the waters off of Cape Cod, Massachusetts, U.S., March 27, 2023. REUTERS/Lauren Owens Lambert/File Photo Acquire Licensing RightsBOSTON, Oct 19 (Reuters) - More than 80% of ships are speeding through "go slow" zones set by environmental regulators along the U.S. East Coast to protect endangered North Atlantic Right Whales, according to a report released on Thursday by environmental group Oceana. North Atlantic Right Whales are on the brink of extinction, numbering just 340, with ship strikes among the top causes of death. Oceana said it analyzed boat speeds from November 2020 through July 2022 in slow zones established by the National Oceanic and Atmospheric Administration (NOAA) along the East Coast and found that 84% of boats sped through mandatory slow zones, and 82% sped through voluntary slow zones. "NOAA Fisheries’ approach evaluates overall compliance based on the percent of the total distance traveled by AIS-equipped vessels in the speed zones at compliant speeds," it said.

Persons: Lauren Owens Lambert, Oceana, — it's, Gib Brogan, Richard Valdmanis, Sandra Maler Organizations: REUTERS, Rights, U.S ., Atlantic, National Oceanic, Atmospheric Administration, NOAA, Reuters, NOAA Fisheries, AIS, Fishing Watch, Oceana, Google, Thomson Locations: Cape Cod , Massachusetts, U.S, U.S . East Coast, Oceana, East Coast

☆ Atlantic Hurricanes Rapidly Gaining Strength Along US East Coast, Study Says
▼ + stars: | 2023-10-19 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

Hurricanes are now also more likely to strengthen rapidly off the U.S. East Coast and in the Caribbean Sea, but slower to gain steam in the Gulf of Mexico. "It's become more common for storms to intensify near the U.S. East Coast," said study author Andra Garner, a meteorologist at Rowan University in the United States. "Those areas do need to be thinking about how they prepare for the possibility of having storms strengthen especially quickly in their region." Four of the five costliest Atlantic hurricanes have occurred since 2017. The research, which analyzed wind speed changes over the lifespan of Atlantic hurricanes in a national database, notes the rapid intensification of these storms is likely due to warmer ocean temperatures.

Persons: Gloria Dickie Hurricanes, It's, Andra Garner, Gloria Dickie, Miral Fahmy Organizations: U.S, Hurricanes, U.S ., Rowan University Locations: East Coast, U.S . East Coast, Caribbean, Gulf of Mexico, U.S, United States, London

Persons: It's, Andra Garner, Gloria Dickie, Miral Organizations: Hurricanes, U.S, U.S ., Rowan University, Thomson Locations: East Coast, U.S . East Coast, Caribbean, Gulf of Mexico, U.S, United States, London

REUTERS/Bing Guan/File Photo Acquire Licensing RightsWASHINGTON, Oct 19 (Reuters) - U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended. Refiners, which typically produce more distillates such as diesel and heating oil in autumn, are trying to rebuild inventories of these fuels that are near seasonal record lows. While fuel makers focus on maximizing distillate output, they inevitably produce gasoline as well. Meanwhile, Russia's short-lived diesel export ban, along with less refinery capacity and Western sanctions on Russian diesel, have hit diesel inventories and tightened supplies. Shortages have kept the U.S. heating oil crack at near $44 a barrel, nearly twice the seasonal average.

Persons: Bing Guan, fuelmakers, RIN, Laura Sanicola, Stephanie Kelly, David Gregorio Our Organizations: Phillips, Los, Los Angeles Refinery, Rights, Diesel, AAA, U.S ., U.S . Energy Information Administration, Thomson Locations: Los Angeles, Carson , California, U.S, Singapore, U.S . East

Along with mild winter weather in much of the northern hemisphere, Chinese fuel exports helped avert widespread shortages of diesel, heating oil and gasoil. Russia's ban on diesel exports ahead of winter has sparked a new round of concerns of another supply shock. Chinese fuel exports are currently around 1.1 million barrels per day (bpd), down from last year's peak at 1.8 million bpd in December. China's fuel exports are subject to quotas, closely monitored by the global fuel trading community. China also has quotas for imports of crude oil that refiners use to make diesel and other products.

Persons: Meng Meng, John Kilduff, Matt Smith, Al Zour, Kpler, Laura Sanicola, Trixie Yapl, Simon Webb, David Gregorio Our Organizations: REUTERS, Total, Al, Diesel, U.S . East, U.S . Energy Information Administration, Thomson Locations: Boxing, Shandong Province, China, U.S, Ukraine, Europe, Americas, Brazil, Turkey, New York, Beijing, Russia, Iran, Venezuela, Asia, Middle, Western Europe, America, U.S . East Coast

Lynch said his agency is seeking congressional authorization to study another round of deepening for the Savannah River shipping channel. The Army Corps of Engineers last year finished deepening the waterway by 5 feet (1.5 meters), a $973 million project that took 25 years to study and execute. And it’s not just for the Georgia Ports Authority. Buddy Carter, a Republican whose district includes Savannah's port, said they support studying another harbor expansion. “This port affects every county in Georgia,” said Georgia House Speaker Jon Burns, a Republican who attended the speech.

Persons: Griff Lynch, Lynch, We’ve, They're, Eugene Talmage, “, Sen, Raphael Warnock, Buddy Carter, ”, Jon Burns, Chris DeScherer, ” DeScherer Organizations: Georgia Ports Authority, Army Corps, Engineers, U.S ., Port, Georgia Department of Transportation, Army Corps of Engineers, Water Resources, Democrat, U.S . Rep, Republican, Southern Environmental Law, Wildlife Locations: SAVANNAH, Ga, Port, Savannah, U.S, Georgia, “ State, India, Thailand, Vietnam, U.S . East Coast, Panama, East Coast, Suez, Savannah's

The drop in gasoline prices could benefit consumers and cool inflation. Before this week's drop, gasoline prices had posted a 7.4% jump in the third quarter, riding increases in crude oil futures after production cuts from Saudi Arabia, Russia and other OPEC+ members. U.S. wholesale gasoline prices are tumbling, with percentage drops per gallon on Wednesday between 6.9% and 10.8%. A flurry of weak economic data took more wind out of the market. Crude futures settled an eye-popping $5 a barrel lower on Wednesday, and fell another $1.66 on Thursday.

Persons: Bing Guan, JP Morgan, Tom Kloza, Kloza, Laura Sanicola, David Gregorio Our Organizations: Mobil, REUTERS, U.S . Energy, Administration, U.S ., Midwest, Oil Price Information Service, ADP, Oil, Thomson Locations: Beverly Boulevard, West Hollywood , California, U.S, Saudi Arabia, Russia, U.S . East Coast, East

☆ Coty prices global shares at $10.80 ahead of Paris listing
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

Covergirl makeup, owned by Coty Inc., is seen for sale in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsSept 28 (Reuters) - Coty (COTY.N) said it would price its global offering of 33 million shares at $10.80 per share, and the stock is expected to start trading on the Paris Stock Exchange at 9.30 a.m. Eastern Time on Thursday. The CoverGirl cosmetics maker, which said in May that it would explore a dual listing in Paris, launched its global offering on Sept. 25. The company's U.S.-listed shares have fallen about 7% since the launch, but were up marginally in premarket trade on Thursday. Reporting by Juveria Tabassum; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Coty, Hugo Boss, Burberry, Juveria Tabassum, Varun Organizations: Coty Inc, REUTERS, Coty, Paris Stock Exchange, Thomson Locations: Manhattan , New York City, U.S, Paris, Europe, Middle East, Africa

☆ Ophelia brings more rain and flood risk to US East Coast
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

Storm Ophelia makes its way up the U.S. east coast. National Hurricane Center via REUTERS Acquire Licensing RightsSept 24 (Reuters) - Ophelia, downgraded to a post-tropical cyclone, brought more rain and wind as it moved along the Atlantic Coast of the United States, forecasters said on Sunday. Between one and three inches of rain could fall in areas impacted by Ophelia, and forecasters warned that life-threatening surf and rip currents would impact much of the East Coast throughout the weekend. The National Weather Service in New York expected one or two feet of "inundation above ground level" in waterfront areas of Long Island's Suffolk County. Tropical storm Philippe was about 1,175 miles (1890 kilometers) west of the Cabo Verde islands which are near the West Coast of Africa.

Persons: Ophelia, Philippe, Maria Caspani, Chizu Organizations: National Hurricane Center, REUTERS Acquire, National Weather Service, Thomson Locations: U.S, United States, Emerald Isle , North Carolina, New England, East, New Jersey, New York, Long Island's Suffolk County, Cabo Verde, West Coast of Africa

☆ Weakening Ophelia brings more rain and flood risk to U.S. East Coast
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +2 min

Tropical storm Ophelia approaches North Carolina, South Carolina and Virginia, U.S. in this image from the National Oceanic and Atmospheric Administration (NOAA) GOES-East weather satellite, September 22, 2023. NOAA/Handout REUTERS Acquire Licensing RightsSept 24 (Reuters) - Ophelia, downgraded to a post-tropical cyclone, brought more rain and wind as it moved along the Atlantic Coast of the United States, forecasters said on Sunday. Between one and three inches of rain could fall in areas impacted by Ophelia, and forecasters warned that life-threatening surf and rip currents would impact much of the East Coast throughout the weekend. The National Weather Service in New York expected one or two feet of "inundation above ground level" in waterfront areas of Long Island's Suffolk County. Tropical storm Philippe was about 1,175 miles (1890 kilometers) west of the Cabo Verde islands which are near the West Coast of Africa.

Persons: Ophelia, Philippe, Maria Caspani, Chizu Organizations: National Oceanic, Atmospheric Administration, NOAA, Handout REUTERS, National Hurricane Center, National Weather Service, Thomson Locations: North Carolina, South Carolina, Virginia, U.S, United States, Emerald Isle , North Carolina, New England, East, New Jersey, New York, Long Island's Suffolk County, Cabo Verde, West Coast of Africa

BOSTON (AP) — When it comes to hurricanes, New England can't compete with Florida or the Caribbean. Lee remained a Category 1 hurricane late Friday night with sustained winds of 80 mph (128 kph). One recent study found climate change could result in hurricanes expanding their reach more often into mid-latitude regions, which include New York, Boston and even Beijing. While hurricanes and tropical storms are uncommon in New England, the region has been seen its share of violent weather events. The Great New England Hurricane of 1938 brought gusts as high as 186 mph (300 kph) and sustained winds of 121 mph (195 kph) at Massachusetts’ Blue Hill Observatory.

Persons: Lee, ”, Joshua Studholme, they’re, Andra Garner, Garner, Kerry Emanuel, Emanuel, “, ” Garner, Hurricanes Carol, Edna, Hurricane Bob, Superstorm Sandy, Storm Irene, Michael Casey Organizations: BOSTON, Yale University, U.S ., Rowan University, New, Massachusetts Institute of Technology, Hurricanes, Hurricane, AP Locations: New England, Florida, of Maine, England, Canadian, of Nova Scotia, Massachusetts, Maine, New York, Boston, Beijing, Boston , New York, Norfolk , Virginia, New Englanders, U.S, U.S . East Coast, New Jersey, New York City, Gulf, Atlantic City , New Jersey, Vermont

But scientists said Friday that the arrival of storms like Hurricane Lee this weekend could become more common in the region as the planet warms, including in places such as the Gulf of Maine. One recent study found climate change could result in hurricanes expanding their reach more often into mid-latitude regions, which includes New York, Boston and even Beijing. Lee remained a hurricane with 80 mph (128 kph) winds at 2 p.m. EDT Friday as it headed toward New England and eastern Canada with 20-foot (6-meter) ocean swells, strong winds and rain. While hurricanes and tropical storms are uncommon in New England, the region has been seen its share of violent weather events. The Great New England Hurricane of 1938 brought gusts as high as 186 mph (300 kph) and sustained winds of 121 mph (195 kph) at Massachusetts’ Blue Hill Observatory.

Persons: Lee, Joshua Studholme, they’re, ”, Andra Garner, Kerry Emanuel, Emanuel, “, ” Garner, Hurricanes Carol, Edna, Bob, Superstorm Sandy, Storm Irene, Garner, Michael Casey Organizations: BOSTON, Yale University, U.S ., Rowan University, Massachusetts Institute of Technology, Hurricanes, AP Locations: New England, Florida, of Maine, New York, Boston, Beijing, Boston , New York, Norfolk, Virginia, New Englanders, U.S, U.S . East Coast, New York City, Maine, Gulf, Canada, England, Massachusetts, —, Atlantic City , New Jersey, Vermont

☆ NASA installs new chief of UFO research after expert panel report
▼ + stars: | 2023-09-14 | by ( Joey Roulette | ) www.reuters.com time to read: +5 min

"The mission of NASA is to find out the unknown," Nelson said. The NASA panel, comprising experts in scientific fields ranging from physics to astrobiology, issued the report after holding its first public meeting in June. NASA said the new director of UAP research will handle "centralized communications, resources and data analytical capabilities to establish a robust database for the evaluation of future UAP." The report said defense and intelligence analysts lacked sufficient data to determine the nature of some of the objects. The NASA panel studying UAPs held its first public meeting in June, comprising experts in scientific fields ranging from physics to astrobiology.

Persons: Joe Skipper, Bill Nelson, Nelson, UAPs, Joey Roulette, Will Dunham Organizations: NASA, Vehicle, Kennedy Space Center, REUTERS, Rights, UAP, National Intelligence, Navy, U.S, East, Pentagon, Thomson Locations: Cape Canaveral , Florida, U.S, West

POINT PLEASANT BEACH, N.J. (AP) — As the U.S. races to build offshore wind power projects, transforming coastlines from Maine to South Carolina, much remains unknown about how the facilities could affect the environment. So far, four offshore wind projects have been approved by the federal government for the U.S. East Coast, according to the American Clean Power Association. The company is a Danish wind power business that will build two of the three offshore projects approved for New Jersey. Numerous others have been proposed, and the U.S. Bureau of Ocean Energy Management plans to review at least 16 offshore wind projects by 2025. The federal government has endorsed — but not required — compensation to the fishing industry for negative effects from offshore wind.

Persons: ”, Jim Hutchinson, ’, Greg Cudnik, Andy Lipsky, Phil Sgro, Meghan Lapp, “, Keith Craffey, Sgro, —, Frank Pallone Jr, Wayne Parry Organizations: PLEASANT, The Fisherman, U.S ., American Clean Power Association, Atlantic, U.S . Bureau of Ocean Energy Management, Fisheries Science, Biden Administration, Seafreeze, New, Baymen’s, Association, U.S . Commerce Department, Orsted, U.S . Rep, New Jersey Democrat, Twitter Locations: N.J, U.S, Maine, South Carolina, New Jersey, U.S . East Coast, , New York, Montauk, Atlantic City, Ocean City, Danish, Point Judith, Rhode Island, , New Jersey, American, —, United States, America, North Kingstown, New, Raritan, New York, New England, Block Island

☆ Hurricane Lee to bring dangerous surf conditions to U.S. East Coast
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +1 min

A composite image shows Hurricane Lee churning towards the Caribbean after intensifying into a major storm, September 8, 2023. National Oceanic and Atmospheric Administration (NOAA)/Handout REUTERS Acquire Licensing RightsSept 10 (Reuters) - Hurricane Lee was churning west-northwest in the tropical Atlantic Ocean and was expected to bring dangerous surf and rip currents to the U.S. East Coast from Sunday night into next week, the U.S. National Hurricane Center said. The storm, about 270 miles (535 km) northeast of the northern Leeward Islands, should pass north of Puerto Rico, the U.S. Virgin Islands and other Caribbean islands. Swells were affecting portions of the British and U.S. Virgin Islands, Puerto Rico, Hispaniola, Turks and Caicos, the Bahamas and Bermuda. The National Weather Service's office in Puerto Rico forecast waves of 6 to 10 feet, possibly higher, in some coastal areas.

Persons: Lee, Handout, Kelly Herrera, Herrera, Maria Caspani, Cynthia Osterman Organizations: Oceanic, Atmospheric Administration, Handout REUTERS, U.S ., U.S, National Hurricane Center, U.S . Virgin, British, Vanderbilt, Thomson Locations: U.S . East Coast, Leeward, Puerto Rico, U.S, U.S . Virgin Islands, U.S . Virgin Islands , Puerto Rico, Hispaniola, Turks, Caicos, Bahamas, Bermuda, Puerto Rico's, San Juan, San Juan's

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