A 59-year-old man was arrested on Tuesday on suspicion of manslaughter, the police in northern England said, after a container ship crashed into an oil tanker in the North Sea a day earlier, leaving one crew member missing and presumed dead.The container ship, the Solong, struck the Stena Immaculate, an anchored oil tanker that was carrying jet fuel and was being operated by the U.S. Navy at the time, officials said. The episode happened off the coast of northeastern England on Monday morning, setting off a series of explosions and engulfing both vessels in flames.One crew member from the Solong…
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As the market sell-off gains steam, a handful of quality stocks could outperform and buck the broader weak trend for equities, according to Bernstein. All three major indexes continued to struggle on Tuesday. These moves follow a sell-off on Monday, with the 30-stock Dow slipping more than 900 points. The index also moved below its 200-day moving average for the first time since November 2023. Against this backdrop, Bernstein is focusing on quality stocks that can find growth ahead. The firm pointed out in a Monday note that quality stocks typically rebound 2% to 3% in the three months after…
Lordhenrivoton | E+ | Getty ImagesThe first Trump administration opened the door to allow private equity into workplace retirement plans. Now, private equity firms are working to play a bigger role in workers’ portfolios, which experts say has potential risks and rewards for investors. “It’s a train that’s already been gearing up, and folks are starting to hop on,” said Jonathan Epstein, president of Defined Contribution Alternatives Association, an industry group that advocates for incorporating non-traditional investments into employer-sponsored retirement plans. Private equity is part of a broad category of alternative investments can include real estate funds, credit and equity in private,…
4th graders are served lunch at Heather Hills Elementary School in Bowie, Md., on Oct. 22, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe U.S. Agriculture Department has cut two federal programs that spent over $1 billion annually to help schools and food banks buy food from local farms and ranches, according to a school group and a Politico report on Monday.The School Nutrition Association, which represents cafeteria workers and directors nationwide, said in a press release that the USDA cut the $660 million Local Food for Schools program for 2025.Politico, citing a spokesperson for the USDA, reported that…
Monday’s deep dive into Paul Skenes, perhaps the most interesting extension case in baseball, was a sneak peek of Extension Week.Now I’ll start a broader look at potential extension candidates, concentrating today on players whose value is less speculative: impending free agents.These players are, in general, less likely to sign an extension with free agency waiting at the end of this season, and my analysis here is basically projecting what each player could earn on the open market before adding in his 2025 salary. If nothing else, it’s an early projection for a free-agent deal this upcoming winter.Since last spring’s…
Tibetan spiritual leader the 14th Dalai Lama arrives at Teterboro Airport as Tibetans and well-wishers wait for him in New Jersey, United States on June 23, 2024. Lokman Vural Elibol | Anadolu | Getty ImagesThe Dalai Lama’s successor will be born outside China, the spiritual leader of Tibetan Buddhism says in a new book, raising the stakes in a dispute with Beijing over control of the Himalayan region he fled more than six decades ago.Tibetans worldwide want the institution of the Dalai Lama to continue after the 89-year-old’s death, he writes in “Voice for the Voiceless”, which was reviewed by Reuters…
Nvidia could see a recovery rally next week if history repeats itself, according to Wells Fargo. The chipmaker is hosting its GPU Technology Conference, known as the GTC, next week. Shares have typically outperformed those of peers in the timeframe including this conference, Wells Fargo data shows. That’s especially important as the artificial intelligence darling and bull market leader has pulled back following back-to-back years of monster gains. Shares of the retail investor favorite have tumbled 20% so far in 2025 after surging more than 238% in 2023 and 171% 2024. Nvidia is also a relative underperformer against the iShares…
U.S. Treasury yields were little changed on Tuesday as worries over the state of the U.S. economy persisted.The benchmark 10-year Treasury yield was less than 3 basis points higher at 4.244%. The 2-year Treasury yield was last flat to 3.893%, after falling to its lowest level since October.One basis point is equal to 0.01%, and yields and prices move in opposite directions.On Tuesday, investors were concerned about the possibility of a recession hitting the U.S. economy, after U.S. President Donald Trump made remarks over the weekend that the economy is in a “period of transition.”With the impact of Trump’s newly implement tariff policies on global…
Ontario Premier Doug Ford said Tuesday that if there is a recession ‘there’s one person to be blamed, and that’s President [Donald] Trump.””If we go into a recession, it will be called the Trump recession” Ford said in an interview with CNBC’s “Money Movers” after the U.S. president said that he would raise tariffs on imports of Canadian steel and aluminum to 50%.Trump said he was hiking those tariffs in retaliation for Ford’s Ontario province imposing a 25% surcharge on electricity exported to the United States, which will affect about 1.5 million customers.The Dow Jones Industrial Average was down more…
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesWaymo on Tuesday announced it is expanding its service to include another 27 square miles of coverage around the San Francisco Bay Area.With the expansion, Waymo will now take passengers around Mountain View, Los Altos, Palo Alto and parts of Sunnyvale, California. The Alphabet-owned company opened its robotaxi service to the general public in San Francisco in June.Waymo will initially limit the availability of its Silicon Valley service to users of…
