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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Current price of oil as of July 1, 2026
Finance

What could be the year’s first Atlantic tropical storm is already taking aim at Florida

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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May 31, 2022, 11:03 AM ET
Hurricane Agatha makes landfall in Huatulco, Oaxaca State, Mexico
Palm trees blow in the wind before Hurricane Agatha makes landfall in Huatulco, Mexico, on May 30.
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The remnants of Hurricane Agatha, a Pacific hurricane that slammed into Mexico on Monday, are increasingly looking like they’ll re-form as a tropical storm in the Atlantic, and appear to be targeting Florida right as hurricane season gets underway.

The National Hurricane Center says there is a 60% chance the storm will re-form in the Atlantic over the next five days. While early-season hurricanes are generally nowhere near as strong as those later in the season, this one has shown impressive strength so far.

The storm, which made landfall near Puerto Angel, Mexico, Monday afternoon, brought 105-mph winds with it.

If it re-forms in the Atlantic, the storm will be given a new name, since Pacific and Atlantic storms do not share the same names. The year’s first Atlantic tropical storm will be called Alex.

Forecasters say the storm will likely hit toward the end of the week, bringing heavy rains to the state. They’re not, however, expecting this to become a major storm, as upper-level winds over the Gulf of Mexico are expected to limit its intensity.

The last time a Pacific named storm also became an Atlantic named storm was in 2020, when Tropical Storm Amanda moved through Guatemala and re-formed in the Gulf to become Tropical Storm Cristobal, which worked its way up to Louisiana.

Forecasters are predicting a more active than usual hurricane season this year, just as they did in 2020 and 2021. An ongoing La Niña and above-average Atlantic temperatures are cited as the reasons. All totaled, experts say they expect 14 to 21 named storms (winds of 39 mph or higher), of which six to 10 could become hurricanes (winds of 74 mph or higher) and three to six will be major hurricanes.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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