- Associated Press
Dangerous brew: Ocean heat and La Nina combo likely mean more Atlantic hurricanes this summer
Get ready for what nearly all the experts think will be one of the busiest Atlantic hurricane seasons on record, thanks to unprecedented ocean heat and a brewing La Nina. There's an 85% chance that the Atlantic hurricane season that starts in June will be above average in storm activity, the National Oceanic and Atmospheric Administration announced Thursday in its annual outlook. The weather agency predicted between 17 and 25 named storms will brew up this summer and fall, with 8 to 13 achieving hurricane status (at least 75 mph sustained winds) and four to seven of them becoming major hurricanes, with at least 111 mph winds.
- Investor's Business Daily
Stocks Back Off Opening Highs As Dow Lags; Nvidia Breaks 1,000 Barrier After Earnings Explode
The Dow Jones fell as Nasdaq led the major indexes on Thursday. Nvidia stock rallied in the stock market today after its earnings report.
- Benzinga
NetEase's Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music
NetEase, Inc (NASDAQ:NTES) reported fiscal first-quarter 2024 revenue growth of 7.2% year-on-year to $3.72 billion (26.9 billion Chinese yuan), missing the analyst consensus estimate of $3.79 billion. The Chinese gaming player's adjusted EPADS of $1.81 beat the analyst consensus estimate of $1.79. Segments and margins: Games and related value-added services revenues grew 7.0% year over year to $3.0 billion. The corresponding gross margin increased by 280 bps to 69.5%, attributable to changes in
