At least 28 people died over the weekend as a severe blizzard brought single-digit temperatures and more than 4 feet of snow to western New York. Officials say a number of residents were trapped in cars in near white-out conditions, or stuck in homes without power and were unable to leave. The death toll is expected to rise as search and rescue efforts continue across the region. See photos here.
In Buffalo, the front of the storm dropped almost 2 inches of rain—breaking the city's single-day rainfall record—before the snow arrived. Wind gusts of more than 40 mph created massive snow drifts, preventing emergency responders from reaching those in need. City officials say the storm rivaled the historic blizzard of 1977 in intensity.
The blizzard was part of a system that brought freezing temperatures across much of the US last week, with at least 55 deaths linked to the weather, including a 50-vehicle pileup in Ohio that killed four people.
Stocks and Commodities Jump as China Drops Quarantine Rule
Stock markets gained on Dec. 27 after China said it would scrap its COVID-19 quarantine rule for inbound...
Stock markets gained on Dec. 27 after China said it would scrap its COVID-19 quarantine rule for inbound travelers - a major step in reopening its borders.
U.S. stock futures, the S&P 500 e-minis ESc1, climbed 0.7%, indicating the market is set to rise as traders return to their terminals on Tuesday after the Christmas holiday.
Markets in some regions including London, Dublin, Hong Kong and Australia remain shut.
The flood of cool new electric cars will continue in 2023. Brands like Tesla, Chevy,...
The flood of cool new electric cars will continue in 2023. Brands like Tesla, Chevy, Hyundai, and GMC all plan to unleash cutting-edge new models, including pricey pickup trucks, sleek sedans and sporty SUVs. From Chevy's $105,000 truck to Hyundai's spaceship-like sedan, check out eight of the coolest EVs hitting the streets next year.
U.S. stock futures rise ahead of last trading week of 2022
U.S. stock futures rose Monday night, ahead of the final trading...
U.S. stock futures rose Monday night, ahead of the final trading week of 2022.
Dow Jones Industrial Average futures YM00, 0.55% gained nearly 200 points, or 0.6%, as of 9:45 p.m. Eastern. S&P 500 futures ES00, 0.71% and Nasdaq-100 futures NQ00, 0.89% were also logging solid gains, indicating positive market moves when regular trading resumes Tuesday from the three-day Christmas holiday.
Oil Rises as China Loosens Travel Rules, US Battles Winter Freeze
Oil rose as China took more steps toward unwinding its strict Covid Zero policy that has battered its...
Oil rose as China took more steps toward unwinding its strict Covid Zero policy that has battered its economy, and freezing weather across the US prompted refinery closures in the key Texas Gulf Coast area.
West Texas Intermediate prices climbed as much as 1.1% in early Asian trade.China will no longer subject inbound travelers to quarantine from early January, putting the country on track to emerge from three years of self-imposed global isolation. More than a third of Texas Gulf Coast refining capacity shut over the past few days, including the two largest plants in the US — Motiva Port Arthur and Marathon Galveston Bay — to stop producing gasoline and diesel. More than 1.8 million barrels a day of refining capabilities have been sidelined.
