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0 0.00432019392917362 0.00432019392917362 0.00189713322091055 0.00289839797639114 0.00964376053962892 0.0130691399662731 0.0137015177065767
Stock impact report

California braces for drought from the fifth La Niña in six years [Los Angeles Times (CA)]

StoneX Group Inc. (SNEX) 
Recent La Niña events have caused $258 billion to $329 billion in global losses, with current conditions already blamed for deadly Asian flooding. The pattern threatens crop yields in Brazil and California while intensifying winter storms in the northern U.S. and strengthening Atlantic hurricanes. Deadly flooding in Asia and early snowstorms across the US are signaling the return of a weather-roiling La Niña, a cooling of Pacific waters that can disrupt economies and trigger disasters worldwide. The La Niña phenomenon is often linked with droughts in California, Argentina and Brazil, and the destructive flooding that recently swept Southeast Asia. These types of catastrophes have become a larger factor in setting terms for insurers, farmers and energy providers. In recent La Niña years, global losses have ranged from $258 billion to $329 billion, according to Aon, a reinsurance broker and data analysis firm. Despite year-to-year swings in damage totals, the overall trajectory Show less Read more
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