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NASA and NOAA know that multi-day weather forecasts can be crucial to tracking hurricanes and their aftermath, and they’re about to significantly boost the reliability of those forecasts. They just launched JPSS-1 (Joint Polar Satellite System-1), the first of a series of NOAA satellites that should improve the accuracy of weather forecasts extending as long […]
Reuters/Steve Sisney Oil tycoon Harold Hamm says the US Energy Information Administration’s overoptimistic shale forecasts depress prices and put the US market at a disadvantage. Hamm says the EIA needs to hear “meaningful feedback.” As a powerful oil market mover, the EIA needs to have “more sophisticated” forecasts about U.S. shale production, because overly […]
(Reuters) — Samsung Electronics said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins. Samsung shares touched a fresh high of 2.74 million won soon after the market opened on Friday, on hopes for record 2017 earnings […]
Thomson Reuters THE EYE OF HURRICANE IRMA (Reuters) – The sky darkened, lightning flashed and a jolt of turbulence shook the cabin of the hulking Air Force turbo-prop aircraft as it plied its way toward the eye of Hurricane Irma, one of the strongest Atlantic storms ever recorded. Piloting the four-engine, WC-130J aircraft was Air […]
Published time: 2 Sep, 2017 13:22 The US National Weather Service (NWS) has warned people to watch out for “fake forecasts” that say Hurricane Irma is set to make landfall in the state of Texas. Texas is currently reeling from the impact of the devastating Hurricane Harvey, a storm that claimed the lives of more […]
Flickr / Hakee Chang Commodity prices continue to rally and analysts are scrambling to upgrade their forecasts. Macquarie Bank did just that earlier this week, making significant upward revisions to its iron ore and coal forecasts for the years ahead. And now HSBC has followed suit, noting that China’s demand for commodities continues to surprise to […]
WHAT is the right way to invest for the long term? Too many people rely on past performance, picking fund managers with a “hot” reputation or backing those asset classes that have recently done well. Just as fund managers cannot be relied on to be consistent, returns from asset classes are highly variable. The higher […]
MANDEL NGAN/AFP/Getty Images SYDNEY — The Bank of Japan (BoJ) held monetary policy steady at the conclusion of its July monetary policy meeting, an outcome widely expected by financial markets and economists. it also upped its economic assessment and forecasts for GDP growth while downgrading its view on the outlook for inflation. Again, an outcome […]
Published time: 28 Jun, 2017 00:51 The International Monetary Fund has released its US economic growth forecasts. Uncertainty in President Donald Trump’s fiscal plans has erased previous predictions of a faster growing economy. On Tuesday, the IMF cut its 2017 and 2018 growth forecasts for the US down to 2.1 percent, according to the IMF […]
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