As Winter Storm Fern spreads, businesses face an expensive mix of canceled flights, interrupted supply routes, and higher energy demand, while consumers adjust plans and local governments expand emergency measures.
A massive winter storm is stressing regional power systems, causing widespread outages, and forcing businesses to adjust operations as extreme cold, snow, and ice disrupt transportation and consumer activity.
Markets in Europe dropped after President Trump threatened new tariffs beginning February 1, with possible escalation later in the year. Investors weighed the risk of retaliation and higher costs for multinational firms.
President Donald Trump threatened to impose 100% tariffs on Canadian goods, arguing Canada’s trade deal with China could become a backdoor for Chinese products into the U.S., intensifying a growing U.S.-Canada feud with Prime Minister Mark Carney.
A massive storm is boosting electricity demand, pressuring grids and complicating travel as utilities and operators brace for outages and prolonged restoration across multiple regions.