Emergency response units search the crash site of the American Airlines plane on the Potomac River after the plane crashed on approach to Reagan National Airport on January 30, 2025 in Arlington, Virginia. Andrew Harnik | Getty ImagesRescuers were still retrieving bodies out of the frigid Potomac River on Thursday morning, but the deadliest commercial air disaster in the U.S. since 2001 is bringing long-brewing concerns over congested U.S. airspace into a full-blown crisis.Just before 9 p.m. ET on Wednesday, an American Airlines regional jetliner collided with a military helicopter near Washington D.C.’s Reagan National Airport. There were no survivors on…
Author: usaeverydaylife
Max Verstappen is preparing for one of the biggest years of his life.The reigning four-time world champion has his sights set on a fifth straight title, a feat only Michael Schumacher has accomplished, which would cement his place among the all-time greats.Barring a big performance step by Red Bull this winter, the Dutchman faces the most serious challenge to his crown yet, as the inroads made in the second half of last year by McLaren and Ferrari are expected to continue.Off the track, there are changes, too, as Verstappen and his long-term partner Kelly Piquet are expecting their first child…
President Trump’s sweeping executive order to halt foreign aid threatens to freeze a U.S. program supporting security forces inside a notorious camp in the Syrian desert that holds tens of thousands of Islamic State members and their families, Syrian and U.S. officials said.The order has also wreaked havoc on another U.S. organization in Syria that was forced to briefly stop operations inside the camp, known as Al Hol, where the large concentration of ISIS members is seen as a security threat.Concerns over an ISIS comeback have been rising, with Syria in a state of flux as its new leaders try…
January 29 marked the Lunar New Year, China’s most important traditional holiday. The government-recognized holiday is a week long, although celebrations typically occur through the Lantern Festival, which falls on February 23 this year. It marks the beginning of the lunar calendar and is deeply rooted in Chinese culture, history, and social life. Lunar New Year has been celebrated for over 4,000 years and is based on the traditional lunisolar calendar. Actions during the New Year are believed to set the tone for the year, and 2025 is the year of the snake. There are 12 zodiac animals in Chinese…
Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors.The drop followed four straight months of gains and is the index was at its lowest level since August.These so-called pending sales are an indicator of future closings and are the most current indicator of activity in the market. Buyers out shopping in December were facing a big jump in mortgage interest rates, which may have dampened demand.The average rate on the 30-year fixed mortgage went from a low of 6.68% on…
DAYTONA BEACH, Fla. — Nodding out his window in a small, nondescript building inside Daytona International Speedway’s infield, Chris Baynes can smile about it now. But two decades ago, it was a serious matter demanding immediate attention, and it just so happened to be his first day on the job.Baynes, DIS’ senior director of facility operations, is talking about his first race working the Rolex 24 at Daytona, a twice-around-the-clock endurance race that is one of the signature races on the motorsports calendar. The position he was in then and still holds now is all-encompassing, responsible for ensuring DIS’ infrastructure…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyThis week, on my CNBC-issued three-year-old laptop, I ran a powerful artificial intelligence model known as DeepSeek-R1.The new model, developed by the Chinese AI lab DeepSeek and released last week, sparked a massive fall in U.S. technology stocks. The highly competitive and potentially shockingly cost-effective AI model led investors to question the billions of dollars currently being spent by large technology…
Igor Golovniov | Lightrocket | Getty ImagesCable giant Comcast is looking to the wireless business for growth.Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers during the fourth quarter. Broadband has long been the growth engine of the cable industry especially after the exodus of cable TV customers.Shares of Comcast fell more than 8% in early trading Thursday. Although revenue has remained stable, Comcast, like its cable peers, has been in the midst of a slowdown in customer growth in recent years.The slowdown stems for a…
Individual investors took advantage of the slide in Nvidia and other technology plays on Monday, but institutions stayed away, according to JPMorgan. Data from Vanda Research shows retail investors snapped up a record amount of Nvidia shares on net on Monday, when the stock suffered its worst loss in nearly five years after the emergence of China’s DeepSeek AI platform catalyzed a global tech rout. Small traders also bought into the Invesco QQQ Trust (QQQ) and the GraniteShares 2x Long NVDA Daily ETF (NVDL) , JPMorgan said. On the other hand, hedge funds and other big investors likely helped amplify…
Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft shares dropped about 5% after issuing weak current-quarter guidance after the bell Wednesday.The software giant topped Wall Street’s fiscal second-quarter estimates, posting earnings of $3.23 per share on $69.63 billion in revenue. That surpassed the EPS of $3.11 and $68.78 billion forecast by analysts polled by LSEG.The decline came as Microsoft finance chief Amy Hood said the company expects revenues for the current quarter to range between $67.7 billion and $68.7 billion, falling short…
