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Posts related to ‘Hurricane Sandy’

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October U.S. Construction Spending Continues Rising

Posted: December 3, 2012 at 10:43 am

The U.S. Census Bureau reported this morning that construction spending in October rose by 1.4% to an estimated seasonally adjusted annual rate of $872.1 billion from a revised estimate of ...
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Nor’easter Could Offer Another Taste of Sandy

Posted: November 7, 2012 at 7:05 am

If Hurricane Sandy hurt retail sales and closed businesses through the Mid-Atlantic and Northeast, the problem is about to repeat itself as another storm, albeit a smaller one, approaches. Some ...
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Getting Oil and Gasoline to the East Coast

Posted: November 6, 2012 at 12:19 pm

If there’s any truth to the old saying about “doing well by doing good,” then oil and gasoline trader stand to do quite well over the next couple of weeks. ...
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Electricity and the Price of Oil

Posted: November 2, 2012 at 11:02 am

WTI crude oil is trading down about 1.6% this morning at around $85.70 primarily due to the lack of demand for crude from two large refineries that were shut down ...
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Backup Power Fails, Cripples Knight Capital

Posted: October 31, 2012 at 2:45 pm

Market maker Knight Capital Group Inc. (NYSE: KCG) has shut down equities trading today after a backup power source failed at its offices in New Jersey. The failure is not ...
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East Coast Refineries Returning

Posted: October 31, 2012 at 12:20 pm

Now that Hurricane Sandy has run its course, oil refineries on the East Coast are either returning to service or making preparations to do so. The NuStar Energy LP (NYSE: ...
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Refinery Impacts from Hurricane Sandy

Posted: October 30, 2012 at 8:30 am

There are six large oil refineries in the path of Hurricane Sandy, and as of last night two were closed. The Phillips 66 (NYSE: PSX) refinery and the Hess Corp. ...
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The Most and Least Exposed Insurance Earnings Risk from Hurricane Sandy

Posted: October 29, 2012 at 1:42 pm

Earlier today we outlined some of the risks which were seen in overseas trading of the Property & Casualty (P&C) insurance sector and for the reinsurance sector. Now we have ...
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Sandy Forces Refinery Shutdowns (PSX, HES, DAL)

Posted: October 29, 2012 at 11:52 am

We noted earlier this morning the possibility that crude oil refineries would either be forced to reduce production or shut down completely as Hurricane Sandy moves toward the coast and ...
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European Markets Falling on Effects of Sandy

Posted: October 29, 2012 at 8:54 am

Major European equities markets are trading lower today as investors are waiting to see the impact of Hurricane Sandy on the heavily populated U.S. East Coast. The U.K.’s FTSE 100 ...
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Some Earnings Reports Delayed by Hurricane Sandy

Posted: October 29, 2012 at 8:08 am

Some companies reportedly have decided to delay their earnings reports as Hurricane Sandy heads for the East Coast and the major U.S. markets are close today, and possibly Tuesday. According ...
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The Effects of Big Sandy

Posted: October 29, 2012 at 7:09 am

The effects of Hurricane Sandy already have been felt on Wall St. as the major exchanges have elected to close today, and perhaps tomorrow. Much less certain is the damage ...
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Flight Cancellations Top 7,000

Posted: October 29, 2012 at 6:55 am

Hurricane Sandy is forcing the cancellation of thousands of flights into and out of the U.S. Northeast amid forecasts for high winds and heavy rain. In New York City, the ...
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NYSE/Nasdaq, Parts of CME Closed Monday, Possibly Tuesday

Posted: October 29, 2012 at 1:05 am

24/7 Wall St. has been monitoring news stations and exchange news ahead of the landfall for Hurricane Sandy on the eastern seaboard. As we have multiple locations, we will still ...
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Storm Stories May Trigger Some Mild Panic

Posted: October 26, 2012 at 6:55 am

Hurricane Sandy continues to move toward the East Coast, where it may combine with a front from the west, and has generated all sort of hyperbole. Hopefully, most of it ...
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