A map showing the projected path of Hurricane Milton on Oct. 8th, 2024.Source: NOAAHurricane Milton strengthened as it churned through the Gulf of Mexico toward Florida on Tuesday and could wallop one of the state’s major population centers with huge storm surges, lashing rain and destructive winds just two weeks after deadly Hurricane Helene swamped the coastline.Milton, which returned to Category 5 status on Tuesday afternoon, is threatening the Tampa Bay area, which is home to more than 3.3 million people and has managed to evade a direct hit from a major hurricane for more than 100 years. Milton is…
Author: usaeverydaylife
US Transportation Secretary Pete Buttigieg attends a Cabinet meeting with US President Joe Biden in the Cabinet Room of the White House in Washington, DC, on September 20, 2024. Samuel Corum | AFP | Getty ImagesThe Department of Transportation said Tuesday it is in contact with airlines about the affordability of their flights in areas hit by Hurricane Helene and those bracing for Hurricane Milton, as concerns about price gouging grow.”DOT officials have been in touch with airlines to get more information about the capacity and affordability of flights in the affected areas,” a DOT spokesperson told CNBC in a statement.It…
As we enter Week 6 of the NFL Power Rankings, it might be time to check on the fantasy football manager in your lives.It’s been a rough start for lots of the folks who spent weeks poring over data in the preseason to make the perfect pick only to see their plans left in shambles by the first five weeks of the actual season. So this week’s theme is fantasy focus as we look at exactly how bad things have gotten.Spoiler alert: Pretty bad.None of the top five fantasy players coming into the season based on average draft position is…
As BetMGM tries to regain momentum in the gaming market, it’s banking in part on gains in NFL betting and the draw of new technology.The company is the third largest U.S. sportsbook by market share, but has lost ground in recent years in both sports gambling and igaming, or online casino gambling, where it once held the number one position.CEO Adam Greenblatt is counting on newly launched technology to woo customers, he told CNBC on Tuesday at the Global Gaming Expo in Las Vegas.He cited the company’s integration this year of Angstrom, which uses modeling and predictive AI for data…
Semiconductor shares have been underperforming the broader markets since an early August swoon caused investors to focus on a rotation into defensive and cyclical areas of the market. The charts indicate it may be time to look at chip stocks once again. The news flow is chalk full of scary factors including volatile seasonal comparisons, an uncertain path of Federal Reserve rate cuts, geopolitical conflicts, and a potentially tumultuous election. However, the major semi names like Nvidia (NVDA) , Broadcom (AVGO) and AMD (AMD) have not actually fallen significantly in this rotation. The charts of these names show simple sideways…
Historical bull market records indicate that stocks are more than likely to rally further from here, according to Carson Group. Some other investors wonder if this bull has the momentum to keep going. The current bull market turns two years old this week (S & P 500 bottomed on October 12, 2022). However, it’s not been an easy birthday — mounting tensions in the Middle East and fears around rising yields are weighing on stocks so far in October. The benchmark is in the red for the month, despite a nice gain on Tuesday . But if history is any…
Luis Tiant, the Cuban-born ace with a unique delivery, who twice led the American League in ERA and threw a shutout for the Boston Red Sox in the 1975 World Series, has died, according to the Red Sox. He was 83 years old.El Tiante, as he was known, was an icon in Cuba long before he made a name for himself in the Major Leagues, and he ranks among the game’s most accomplished pitchers not elected to the Hall of Fame. With a signature windup that had him turn his back to the batter, Tiant overcame injuries to record 49…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Asymmetric’s Joe McCann discusses the catalysts driving bitcoin, which has been stuck in a tight range since the start of Q4. Source link
Some of the biggest losing stocks in 2024 could be in for even steeper declines as investors jettison them to save on taxes, according to Morgan Stanley. October has been rocky for the three major averages – they are down this month as investors grapple with Middle East tensions and sharply higher oil prices – but for the entire year, the S & P 500 and the Nasdaq Composite have soared more than 20%. With the fourth quarter underway, investors are taking stock of their winners and losers, and considering dumping some of their underperformers to realize capital losses and…
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan.Photo by Steve Fecht for General MotorsDETROIT — General Motors will drop the name “Ultium” for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it rethinks its EV and battery operations.The Detroit automaker confirmed the switch Tuesday ahead of an investor event. Executives used the day to discuss lowering battery costs and tout efforts to diversify battery chemistries.GM also confirmed it is on pace to produce and wholesale about 200,000 EVs for…
