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Natural gas futures surged 24% with a cold spell expected across the eastern half of the US. Forecasts call for below-average temperatures on the East Coast and parts of the Midwest for January.
Weather derivatives slowly began trading over-the-counter in 1997. As the market for these products grew, the Chicago Mercantile Exchange (CME) introduced the first exchange-traded weather futures contracts (and corresponding options), in 1999. The CME currently lists weather derivative contracts for 24 cities in the United States, eleven in ...
The heaviest snow will fall in areas near and just west of the Interstate 95 corridor from the mid-Atlantic to New England. Storm totals in these areas through Sunday night could be 3 to 8 inches.
Motorists negotiate the snow along I-80 during a storm Wednesday, Nov. 20, 2024, in Truckee, Calif. (AP Photo/Brooke Hess-Homeier)
Several communities across the Great Lakes region are preparing to be blasted by feet of snow as winter weather moves in just as millions of people across the U.S. ring in 2025.
10M under winter weather alerts across Northeast and Midwest, with snow forecast for Christmas. ... Oracle stock jumps 7% after report says Trump to announce new $500B AI investment. Finance.
Millions in the eastern U.S. continued to get their first real taste of winter weather on Friday with a storm that's bringing rain and up to a foot of snow to higher elevations. Light snow could ...
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