A Jeju Air Boeing 737-800 taking off from Osaka Kansai airport. Fabrizio Gandolfo | Lightrocket | Getty ImagesAccident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at Muan International Airport in South Korea, killing all but two of the 181 people on board as it burst into flames in the nation’s worst air disaster in decades.South Korea’s acting President Choi Sang-mok ordered an emergency inspection of the country’s Boeing 737-800s, the type of plane used on the the fatal Jeju Air Flight 7C2216.The Boeing 737-800 is one of the world’s…
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The world’s No 1 chess player Magnus Carlsen will return to the World Rapid and Blitz Chess Championships in New York after initially withdrawing as he refused to change out of a pair of jeans.The 34-year-old pulled out from the World Rapid Championship on Friday after breaching the dress code and opting not to change his attire.However, the International Chess Federation (FIDE) announced on Sunday Carlsen would return for the World Blitz Championship. The organisation’s president Arkady Dvorkovich confirmed that while the official dress code would remain in place, it would be relaxed to accommodate “elegant minor deviations”.A post on…
Last week, we discussed the ” Dogs of the Dow (and S & P 500) ” investment strategies, in which investors rank the stocks in the respective indices by their dividend yield at the end of each year and rebalance into those with the highest yields. Because this strategy involves selecting the highest dividend-yielding stocks from the S & P 500 , it is potentially attractive for income-focused investors. Dividend yield, representing the annual dividend payout as a stock price percentage, is a key metric in this strategy. While high-yielding stocks can be risky, thorough research into a company’s financial…
Writer E. Jean Carroll arrives at the 2nd U.S. Circuit Court of Appeals, where former U.S. President Donald Trump will arrive to ask a federal appeals court to overturn a $5 million jury verdict finding him liable for sexually assaulting and defaming her, who accused Trump of raping her nearly three decades ago, in Manhattan, New York, U.S., September 6, 2024. Adam Gray | ReutersA federal appeals court on Monday upheld a $5 million verdict that E. Jean Carroll won against Donald Trump when a jury found the U.S. president-elect liable for sexually abusing and later defaming the former magazine columnist.The…
EAST RUTHERFORD, N.J. — This wasn’t Joe Judge’s infamous 11-minute rant late in the 2021 season. But as far as a Brian Daboll news conference goes, the New York Giants coach was exceptionally expansive after his team snapped a 10-game losing streak with a 45-33 win over the Indianapolis Colts on Sunday.Daboll, who typically mutters his way through monosyllabic answers after games, raved about the character and work ethic of his team Sunday. Much like Judge’s epic rant three years ago, it appeared Daboll’s message was intended for the ears of ownership, who will decide his fate after next week’s…
Santa Claus has been conspicuously absent on Wall Street this year. The S & P 500 is down 1.2% since Tuesday, a departure from historical year-end trends. Usually, stocks experience a so-called Santa Claus rally between the last five trading days of December and the first two January sessions. Data from the Stock Trader’s Almanac shows the broad market index has averaged a 1.3% advance during this period since 1969 . December overall hasn’t been too great either for stocks, with the S & P 500 shedding 1%. Some headwinds hitting stocks recently have been bad market breadth and higher…
In just a few years, generative AI has gone from a lighthearted curiosity — known for gimmicky chats and surreal images — to an essential tool for businesses.As of 2024, nearly two-thirds of organizations are using gen AI for tasks like automating customer service, analyzing data and streamlining operations — double the adoption rate from 2023, according to a global survey by consulting firm McKinsey.AI’s cultural and economic impact is only beginning to be felt, but Goldman Sachs estimates it could boost global GDP by $7 trillion in the next decade.In the meantime, AI’s rise has generated both enthusiasm and…
Check out the companies making headlines in premarket trading. Boeing – Shares fell 3% after South Korea ordered an inspection of all B737-800 planes in the wake of the deadly Jeju Air crash over the weekend. The crash killed all but two of the 181 people on board, becoming the deadliest air accident in the country’s history. V2X – The defense company advanced 4.2% after announcing a $170 million contract with the Drug Enforcement Administration. Through the agreement, V2X will continue providing support to the DEA’s aircraft fleet. Rigetti Computing — The quantum computing stock slid 5.1%, reversing course after…
Here are the most important news items that investors need to start their trading day:1. Taking stockThe final two days of the trading year will help to determine just how strong 2024 is for stocks. U.S. futures traded lower Monday following a losing session for the major averages on Friday. Entering the week, the S&P 500 and Dow Jones Industrial Average have climbed 25% and 14%, respectively, on pace for their best years since 2021. The tech-heavy Nasdaq has gained 31%. Markets will close Wednesday for New Year’s Day. Follow live market updates.2. Jimmy Carter diesFormer U.S. President Jimmy Carter…
Officials assessed the damage on Sunday after a strong storm system moved across the southern U.S. over the weekend, spawning tornadoes and killing at least four people.There were at least 45 reports of tornado damage across Texas, Louisiana, Mississippi, Alabama and Georgia, said Brian Hurley, a meteorologist with the National Weather Service’s Weather Prediction Center. Crews will do damage surveys to confirm tornadoes.The storms during busy holiday travels caused some treacherous road conditions along with delays or cancellations at some of the busiest U.S. airports. As of Sunday afternoon, there were over 600 flight delays affecting Hartsfield-Jackson Atlanta International Airport,…
