A view of the Dali cargo vessel which crashed into the Francis Scott Key Bridge causing it to collapse in Baltimore, Maryland, U.S., March 26, 2024. Julia Nikhinson | ReutersThe U.S. Justice Department on Wednesday sued the owner and manager of the cargo ship that caused the Baltimore bridge collapse, seeking to recover more than $100 million that the government spent to clear the underwater debris and reopen the city’s port.The lawsuit filed in Maryland alleges that the electrical and mechanical systems on the ship, the Dali, were improperly maintained, causing it to lose power and veer off course before striking…
Author: usaeverydaylife
The Grand Slam season is over, and the WTA and ATP Finals are rapidly approaching.These next two months can be a strange period for tennis — especially in an Olympic year — with some players keeping their powder dry for the following season while others desperately try to finish the year strongly.Here, The Athletic looks at some of the main storylines we expect to play out between now and the end of 2024.How bothered is Alcaraz about ending the year as world No 1?After winning the U.S. Open, Jannik Sinner has a big lead in the race to be the…
As investors await the Federal Reserve rate decision Wednesday afternoon, Goldman Sachs highlighted to clients an overlooked group of stocks poised to benefit from the move. Biotechnology stocks offer an under-the-radar and unappreciated way to profit from the central bank’s looming campaign to start cutting the cost of borrowing, according to Goldman Sachs. “For those looking for a high torque play into the first rate cut this Wednesday, buying biotech checks a lot of boxes,” wrote John Flood, Goldman’s head of Americas equities sales trading, in a recent note. Biotech is a back door way to play the Fed because…
Check out the companies making headlines in midday trading. Intuitive Machines — Shares soared 51% after the space exploration company secured a roughly $5 billion space network contract from NASA. United States Steel — The U.S. steel producer saw shares jump more than 2% after news that a U.S. security panel has reportedly granted Nippon Steel permission to refile its plans to purchase the firm for $14.1 billion. The move is likely intended to push a decision on the politically controversial takeover past the presidential election in November. Victoria’s Secret — The intimate apparel maker gained 5% after Barclays upgraded…
Republican House Speaker Mike Johnson on Wednesday said former President Donald Trump could pay for his presidential campaign’s economic proposals by rolling back corporate regulation and expanding tax cuts to stimulate growth.”You have to bring about a pro-growth economy, and you do that with a combination of aggressive use of the tax code and reduction in government regulation,” the Louisiana lawmaker said on CNBC’s “Squawk Box.””If you get Republican leadership in the White House, the Senate and the House, unified government, we will put this thing on turbo. You will see massive regulatory reform,” he said.Trump has proposed making his…
Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Getty ImagesBoeing will furlough a “large number” of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees on Wednesday.The furloughs will affect tens of thousands of Boeing employees, a company spokesperson said.The plan came less than a week after Boeing’s more than 30,000 machinists in the Seattle area and Oregon voted down a new labor contract and 96% voted…
The Champions League is back, with a new format, more games and lots more goals.There were 28 scored across six matches, with blistering Bayern Munich scoring almost a third of that total.In fact, in Champions League history, only one more night (in October 2014) has seen a higher goals-per-game ratio than the 4.7 per game we saw on Tuesday.Tuesday’s action was about much more than goals though. Real Madrid and Liverpool kicked off their campaigns with identical scorelines but very different victories, plus a Champions League legend even popped up to announce his new TV show.Here are the highlights…Endrick and…
Here’s where consumer rates stand as markets anticipate a cut from the FedThe Federal Reserve is expected to make its first cut to interest rates on Wednesday after more than two years of tight monetary policy. The central bank’s target rate range currently sits at 5.25% to 5.5%.Higher rates have been tough on borrowers, with the rate on the 30-year fixed mortgage rising to 6.12% as of the week of Sept. 13, according to MND. That’s up from 4.29% during the week of March 11, 2022 – just prior to the Fed kicking off its first hike. Home equity loans…
The Federal Reserve is expected to make its first rate cut in just a few short hours, so CNBC Pro took a look at what stocks historically do best immediately after the start of an easing cycle. The S & P 500 and the Dow Jones Industrial Average posted all-time highs during Tuesday’s session as traders prepared for the Fed’s decision, but both indexes ended the day near the flatline. The Fed’s decision to cut interest rates — whether it’s by a quarter- or half-percentage point — has the potential to bolster several individual names, if history is any indication.…
Adrian Wojnarowski looks on before the game on June 7, 2023 at Kaseya Center in Miami, Florida. David L. Nemec | National Basketball Association | Getty ImagesESPN’s star NBA insider Adrian Wojnarowski is retiring from the company, according to a post from his X account Wednesday morning.The longtime sports reporter will take a job at St. Bonaventure, his alma mater, and become the general manager of its men’s basketball program, the university said.Wojnarowski often broke big news in the NBA world, so frequently that his breaking news reports on player transactions became colloquially known as “Woj bombs.” He and The Athletic’s…
