Annual Climate Change Costs: $1,300 per Household in the US
3 minutes ago
Researchers have quantified the financial impact of climate change on American households, revealing substantial costs that vary by region.
According to a recent study from UCLA and MIT, published by the National Bureau of Economic Research, households in the top 10% of U.S. counties most affected by climate change incur extra expenses averaging $1,300 annually. Nationally, households face average costs ranging between $400 to $900.
The study details various ways climate change discreetly affects household finances, noting that this is only a partial overview. Increased frequency and severity of natural disasters and heat waves lead to higher insurance premiums, inflated home prices, and escalated costs for energy and food. Additionally, there is an increased risk of flood-related damage and heightened governmental expenses that ultimately burden taxpayers. The research includes economic assessments of mortality risks associated with disasters and illnesses related to wildfire smoke exposure.
Residents in specific regions like the West, Gulf Coast, and Florida bear the highest financial burdens, with lower-income families being disproportionately impacted.
For more detailed information, read the full article here.
Sandisk Shares Drop Following Recent Highs
19 minutes ago
Sandisk’s performance (SNDK) has not improved despite its recent inclusion in the S&P 500.
The computer storage maker’s shares dropped 6.5% early in Wednesday’s trading session, marking a continued decline.
Since joining the S&P 500 last Friday, Sandisk shares rose nearly 4% initially but have since fallen 14% over the week, losing about a third of their value since reaching an all-time high on November 12.
Overall, Sandisk shares have surged over 400% since the company was spun off from Western Digital (WDC) earlier this year.
Trump’s Tariffs: Current Status Heading into 2026
52 minutes ago
In 2025, President Donald Trump reshaped trade policy dramatically with widespread tariffs affecting nearly every global market.
Starting soon after his inauguration, Trump has frequently introduced new tariffs, modified existing ones, or eliminated others, creating a volatile trade landscape.
As of December 2, here’s the latest overview of his extensive import tax measures.
For further details, see the full article here.
Pure Storage Shares Decline After Disappointing Profits
1 hr 59 min ago
Stock for Pure Storage (PSTG) fell by 13% during pre-market trading on Wednesday, following a less-than-expected fiscal Q3 profit report.
The Santa Clara, California firm reported a GAAP net income of $0.16 per share, falling short of the $0.23 analysts predicted. Its adjusted EPS of $0.58 met expectations, while revenue reached $964.5 million, marking a 16% year-over-year increase.
Pure Storage raised its full-year revenue forecast, projecting between $3.63 billion and $3.64 billion, along with an increase in operating profit projections to $629 million-$639 million.
So far this year, Pure Storage shares have risen over 50%.
GitLab Shares Fall Despite Strong Revenue Growth
3 hr 35 min ago
GitLab (GTLB) exceeded revenue expectations for its fiscal Q3 2026, but investors reacted negatively.
Shares of the San Francisco-based software firm plunged 9% in premarket trading, as it reported a quarterly loss despite significant revenue growth.
GitLab reported a GAAP loss of $0.05 per share, in contrast to a profit of $0.17 a year prior, despite a revenue increase of 25% to $244.4 million.
The company raised its full-year adjusted EPS outlook, predicting $0.88 to $0.89, up from initial estimates.
Stock Futures Rise Following Index Recovery
4 hr 15 min ago
Futures contracts associated with the Dow Jones Industrial Average saw a slight increase of 0.1%.
Meanwhile, S&P 500 futures climbed by 0.2%, and Nasdaq 100 futures grew by 0.1%, marking a rebound on the back of gains in Bitcoin and technology stocks.
