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Why Hurricane Michael’s Storm Surge Is So High

After gathering strength from the warm waters of the Gulf of Mexico overnight, Hurricane Michael blasted across the Florida Panhandle Wednesday afternoon, pummeling the area with winds up to 155 miles per hour. That makes the Category 4 hurricane one of the all-time strongest landfalls in US history. Earlier today, ...

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High levels of microplastics found in Northwest Atlantic fish

A new study sheds light on the magnitude of microplastic pollution in our oceans. The study, published today in open-access journal Frontiers in Marine Science, found microplastics in the stomachs of nearly three out of every four mesopelagic fish caught in the Northwest Atlantic — one of the highest levels ...

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Why Are Mutual Fund Fees So High? This Billionaire Knows

Advertisement The billionaire investor Ronald S. Baron flashed the grin of a proud father at his annual investor jamboree in November, as the chief executives of his favorite companies explained how slashing prices stoked their bottom lines. That is, until a shareholder in one of his mutual funds drew an ...

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Deutsche Bank Flew and Fell. Some Paid a High Price.

In 2005, Deutsche Bank, then a powerhouse in the selling of risky derivatives on a global scale, was minting money. To mark the moment, the bank’s profit engine — its global markets division — commissioned a book about itself. The remembrance would celebrate how Deutsche Bank, once a sleepy lender ...

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Vietnam forex reserves hit record high of $38 billion

Vietnam’s foreign exchange reserves have risen 26.6 percent this year to around US$ 38 billion, the highest ever level, news website Saigon Times Online quoted the central bank governor as saying. The State Bank of Vietnam has bought nearly $ 8 billion this year, Le Minh Hung said. He expected ...

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