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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
EnvironmentStorms

Almost 3,000 flights canceled and 110,000 businesses and homes without power after massive cold blast slams U.S.

By
Carolyn Thompson
Carolyn Thompson
,
Matthew Brown
Matthew Brown
,
Valerie Gonzalez
Valerie Gonzalez
, and
The Associated Press
The Associated Press
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By
Carolyn Thompson
Carolyn Thompson
,
Matthew Brown
Matthew Brown
,
Valerie Gonzalez
Valerie Gonzalez
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
January 16, 2024, 6:17 AM ET
Crews work to deice an airplane at Denver International Airport in Denver, Colorado
Winter storm grounds 300 plus flights at Denver International AirportRJ Sangosti/MediaNews Group/The Denver Post via Getty Images
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Dangerously cold wind chills continued to affect much of the Rockies, Great Plains and Midwest on Tuesday, with wind chills below minus 30 degrees (minus 34.4 C) in many parts of the central U.S.

About 110,000 U.S. homes and businesses were without power late Monday, the bulk of them in Oregon after widespread outages that started Saturday. Portland General Electric warned that the threat of freezing rain Tuesday could delay restoration efforts. Transportation officials urged residents to avoid travel as roads were expected to be hazardously slick with ice that could weigh down trees and power lines, causing them to fall.

Classes were canceled Tuesday for students in Portland and other major cities including Chicago — home to the nation’s fourth-largest public school district — Denver, Dallas and Fort Worth.

The storms and frigid temperatures were affecting everything from air travel to NFL playoffs games to Iowa’s presidential caucuses, and were also the cause of several deaths around the country.

At least four people in the Portland area died, including two people from suspected hypothermia. Another man was killed after a tree fell on his house and a woman died in a fire that spread from an open-flame stove after a tree fell onto an RV.

In Wisconsin, the deaths of three homeless people in the Milwaukee area were under investigation, with hypothermia the likely cause, officials said.

Freezing rain and sleet was expected continue across portions of the Southeast into Tuesday morning. Winter storm warnings were in effect for Lawrence, Limestone and Madison counties in Alabama and in Franklin County in Tennessee, southeast Arkansas, northeast Louisiana and much of northern, central and southwestern Mississippi.

Monday night saw temperatures drop as low as 10 degrees (minus 12.2 C) in Olive Branch, Mississippi, and Jackson, Tennessee.

Frigid temperatures in the Northeast didn’t stop fans from heading out to cheer on the Buffalo Bills at a snow covered Highmark Stadium in Orchard Park, New York. The Bills beat the Pittsburgh Steelers on Monday in an AFC wild-card playoff game that was delayed 27 1/2 hours because of a storm that dumped more than 2 feet (61 centimeters) of snow on the region.

And voters handed former President Donald Trump a win Monday night in the coldest first-in-the-nation Iowa caucuses on record. Temperatures dipped to minus 3 degrees (minus 19.4 C) in Des Moines, with the wind chill making it feel far colder.

Air travelers across the country experienced delays and cancellations. The flight tracking service FlightAware reported about 2,900 cancellations Monday within, into or out of the United States.

Temperatures are expected to moderate midweek but a new surge of colder air is forecast to drop south over the Northern Plains and Midwest, reaching the Deep South by the end of the week.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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