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☆ Europe is beating inflation. Why can’t America declare victory?
▼ + stars: | 2024-04-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

The Fed aims to keep inflation at 2% over the longer run. Meanwhile, among the 20 countries that use the euro, annual consumer price inflation has slowed steadily since the start of the year. Fed Governor Michelle Bowman said earlier this month that she would favor a rate hike “should progress on inflation stall or even reverse.”So why does the United States appear to have a bigger inflation problem than Europe? Some economists argue there isn’t actually much daylight between the US and European rates of inflation, pointing to a quirk in the US measures. The measure is designed to track inflation in the real estate market while accounting for the fact that most Americans own their homes.

Persons: Michelle Bowman, Paul Donovan, Simon MacAdam, ”, MacAdam, ” Carsten Brzeski, Janet Yellen, Jim Watson, Brzeski, “, ” Davide Oneglia Organizations: London CNN, Federal Reserve, European Central Bank, PCE, UBS Global Wealth Management, Capital Economics, ING, CNN, Monetary Fund, Washington, Reuters, Getty, —, ECB, Lombard Locations: United States, Europe, Centreville , Maryland, AFP, Russia, Ukraine

☆ CSX completes first diverted cargo shipments on new rail line for Port of Baltimore
▼ + stars: | 2024-04-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Just days after CSX announced a new rail line in response to the Port of Baltimore closure, the Baltimore-bound containers that were diverted to the Port of New York and New Jersey are back being unloaded in Baltimore. CSX started discussions last week with Ports America to see how it could effectively move the diverted cargo. The train route moving the diverted cargo includes Chicago; Kearney, New Jersey; and Baltimore. Norfolk is in discussions with Ports America to extend this service directly on-dock at their Seagirt Intermodal Container Transfer Facility. As the Port of Baltimore crisis unfolded, many major ocean carriers invoked contract clauses transferring responsibility for transportation of cargo from diverted ports to shipping clients.

Persons: Mark Schmidt, Schmidt, Scott Cowan Organizations: CSX, Port, Ports, Canada, Plan Investment Board, Ports America, Norfolk Southern, Elizabeth Marine, Norfolk Southern's Triple Crown Services, International Longshoremen's Association, Baltimore Locations: Baltimore, of New York, New Jersey, Ports America, North, Chicago, Kearney , New Jersey, Norfolk, New York, Wilmington, Newark, Elizabeth , New Jersey, Port of New York, North America, Port of Baltimore, East Coast, Gulf, U.S, , Puerto Rico, Eastern Canada

☆ These undervalued dividend stocks are poised for a rebound, according to Wall Street
▼ + stars: | 2024-04-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors looking for income along with potential capital appreciation may want to check out a few underperforming dividend stocks. Still, dividend stocks tend to do well during periods of economic recovery, which is now underway, Bank of America said recently . At least 51% of analysts covering these stocks rate them a buy or overweight, and the names have at least 10% upside to the average price target, according to FactSet. Here are those stocks: Mondelez currently has a 2.4% dividend yield and 20% upside to the average price target. About 65% of the analysts covering the stock rate it a buy or overweight, per FactSet.

Persons: Savita Subramanian, Mondelez, Dirk Van de, Christopher Del Moral, Niles Organizations: Bank of America, CNBC, Oreo, Ritz, Chesapeake Energy, Southwestern Energy, East West Bancorp Locations: U.S, Europe, snacking, Marcellus Shale, East

☆ Reopening the Port of Baltimore could take weeks as colossal wreckage cleanup gets underway, officials say
▼ + stars: | 2024-03-30 | by ( Dalia Faheid | Aditi Sangal | ) edition.cnn.com time to read: +6 min

CNN —It could take weeks for the Port of Baltimore to reopen as an arduous cleanup process to clear the massive wreckage from this week’s catastrophic bridge collapse begins, leaving commuters and workers in limbo and supply chains in disarray, officials said. More than 1,000 engineers in Baltimore and across the country are studying the wreckage piece-by-piece to figure out the best plan to remove it. To help with this massive task, more heavy equipment is expected at the scene in the coming weeks. The port is the largest in the US for cars and light trucks, handling a record 850,000 vehicles last year, Moore said. “Our economy depends on the Port of Baltimore and the Port of Baltimore depends on vessel traffic,” Moore said Friday.

Persons: –, Francis Scott Key, Crews, “, ”, Scott Spellmon, Spellmon, Wes Moore, ” Moore, Moore, that’s, Mark Schiefelbein, Gustavo Torres, …, ” Torres, Alejandro Hernandez Fuentes, Dorlian Ronial Castillo Cabrera, Miguel Luna, Suazo Sandoval, Carlos Hernández, Hernández, Jazmin Alvarez, Lucia Zambrano, ” Zambrano, – Jose Mynor Lopez –, Isabel Franco, Lilly Ordonez, Franco Organizations: CNN, Port, US Army Corps of Engineers, Coast Guard, Maryland Gov, Workers, Authorities, CASA, AP CASA, Univision, Univision she’s Locations: Port of Baltimore, Baltimore, Maryland, America, Mexico, Guatemala, El Salvador, Honduras, Dundalk , Maryland

The Chesapeake 1000 – the largest crane on the East Coast – is needed in the Patapsco River where a 984-foot cargo vessel slammed into the bridge Tuesday. Live updates: The latest on the Baltimore bridge collapseIn addition to the crane, three heavy lift vessels are expected to start arriving Friday, US Transportation Secretary Pete Buttigieg told CNN. This appraisal is critical in determining how small to cut the bridge pieces so cranes can lift them, he said. In addition to the human toll, the destruction of the Key Bridge and closure of the Port of Baltimore could lead to widespread economic fallout. In this NTSB handout, an investigator examines the collapsed Francis Scott Key Bridge from the cargo vessel Dali on March 27 in Baltimore.

Persons: Francis Scott Key, Pete Buttigieg, Wes Moore, Julia Nikhinson, ” Moore, Shannon Gilreath, Moore, Maryland Sen, Chris Van Hollen, Buttigieg, “, Jennifer Homendy, Homendy, Marcel Muise, Dali, Peter Knudson, CNN’s Justin Lear, Andy Rose, Sarah Dewberry, Chris Isidore, David Goldman, Greg Wallace, Elise Hammond, Tori B, Powell, Sania Farooqui, Chris Boyette Organizations: CNN, Maryland Gov, Authorities, US Coast Guard, National Transportation Safety, Army Corps, Maryland Department of Labor, National Transportation, NTSB, India’s Ministry, External Affairs Locations: Patapsco, Baltimore, Maryland, Port, Port of Baltimore, America, New York, New Jersey, Vedika Sud

☆ Francis Scott Key Bridge collapse reverberates around the world
▼ + stars: | 2024-03-29 | by ( Ray Sanchez | ) edition.cnn.com time to read: +16 min

StreamTimeLive StreamTimeLive StreamTimeLiveAround the same time, numerous audible alarms were recorded on the ship’s bridge audio. The Dali container vessel after striking the Francis Scott Key Bridge. “Once you get here, I’ll go grab the workers on the Key Bridge and then stop the outer loop,” an officer said. When the Key Bridge was built decades ago, container ships were a fraction of the size and weight they are today. Miguel Luna, a native of El Salvador, was also working on the Key Bridge.

Persons: Francis Scott Key, ”, Jayme Krause, Nick Mosby, “ I’ve, Andy Middleton, Middleton, Dali, Marcel Muise, Scott Cowan, Baltimore –, Clay Diamond, Muise, Wes Moore, Diamond, ” Diamond, Al Drago, we’ve, “, Cowan, Jim Watson, Starr Smith, ’ ” Smith, Smith, ” Smith, ” John Zimmerman, They’re ‘, Maynor Yassir Suazo Sandoval, Miguel Luna, Dorlian Castillo Cabrera, Pima Castillo, Alejandro Hernandez Fuentes, Castillo, Alejandro Hernandez, Carlos Hernandez, Carlos Hernandez’s, Jazmin Alvarez, Hernández, Isabel Franco, Jose Mynor Lopez, Franco, Lilly Ordonez, Lopez, ” Rafael Laveaga, Holly Yan, Maria Santana, Melissa Alonso, Allison Gordon, Emma Tucker, Tina Burnside, Alex Stambaugh, Abel Alvarado, Aditi Sangal, Danny Freeman, Caroll Alvarado, Amy Simonson, Mary Kay Mallonee, Yahya Abou, Sabrina Souza, AnneClaire Stapleton, Antoinette Radford, Dakin Andone, Curt Devine, Casey Tolan, Isabelle Chapman, Elizabeth Wolfe, Lauren Mascarenhas, Elise Hammond, Gloria Pazmino, Alex Medeiros Organizations: CNN, Evening Sun, Bethlehem Steel, Eiffel, American, Maryland State Police, Sea Catholic, Walmart, National Transportation Safety, Chesapeake Bay, Longshoremen’s Association, Maryland Transportation Authority, American Pilots Association, ”, ” Maryland Gov, Bloomberg, Getty Images Transportation Authority, US Coast Guard, “ Dispatch, Police, Getty, Maryland, CASA, Brawner Builders, Univision, Authorities, Mexican Embassy Locations: Maryland, Fort McHenry, Sparrows Point, Baltimore, Patapsco, Port of Baltimore, India, Singapore, Baltimoreans, Sri Lanka, South Africa, Yemen, Red, Dali, MarineTraffic, ” Maryland, There’s, AFP, Middleton, Honduras, El Salvador, Mexico, Guatemala, Santa Bárbara, America, Dundalk, he’s, Mexican, Michoacan, Washington’s

The highly specialized role — in which a pilot temporarily takes control of a ship from its regular captain — is coming under the spotlight this week. But in the end, maritime experts say, there was likely nothing the pilots could have done to stop the 95,000-ton ship from ploughing into the bridge. “A ship's captain is a general practitioner, if I was to use a medical term,” Post said. He or she would be assigned to one ship leaving a port, Post said, and then disembark to board a second, inbound ship. “They had very little time from the start of the incident until the time they were upon the bridge," Post said.

Persons: —, Dali, Francis Scott Key, It’s, Allan Post, what’s, didn't, Post, “ Organizations: National Transportation Safety, Texas, M Maritime Academy, ” Ship, Association of Maryland Pilots, NTSB Locations: Galveston, “, U.S, Chesapeake, Baltimore

☆ Opinion: Why ‘black swans’ are behind the Key Bridge and other shipping disasters
▼ + stars: | 2024-03-28 | by ( Opinion Salvatore R. Mercogliano | ) edition.cnn.com time to read: +9 min

CNN —The allision between the container ship MV Dali and the Francis Scott Key Bridge in Baltimore on Tuesday has prompted numerous questions — not only about how this tragedy occurred, but also about our global shipping processes. This marked the start of a campaign by the Houthis, in support of Hamas in their attack on Israel, against global shipping transiting the Red Sea, Bab-el-Mandeb and the Gulf of Aden. Now, two years later, Baltimore is closed with remains of the Key Bridge athwart the main shipping channel. No one agency has oversight of or coordinates global shipping or ports in the US. There is also no overall maritime strategy for the nation, although the US Department of Transportation, Maritime Administration has been tasked to develop one.

Persons: Salvatore R, Mercogliano, Francis Scott Key, —, Sal Mercogliano Bennett Scarborough, Dali, ”, Jennifer Homendy, Transportation Pete Buttigieg, John Garamendi of, Dusty Johnson of Organizations: Campbell University, Shipping, YouTube, CNN, MV Galaxy Leader, Baltimore, Federal Highway Administration, Transportation, Bethlehem Steel, Department of Transportation, Maritime Administration, US Coast Guard, Army Corps of Engineers, Maryland Department of Transportation, US Department of Transportation, Federal Maritime Commission, Democratic, Republican, Dusty Johnson of South Dakota, Ocean Shipping Reform Locations: Baltimore, Asia, Suez, Los Angeles, Long, Yemen, Israel, Bab, Aden, China, Argentina, Largo, Dali, Sparrows, United States, John Garamendi of California, Dusty Johnson of South

There are more heavily trafficked routes across the Baltimore Harbor than the Francis Scott Key Bridge. The Harbor Tunnel carries double the daily traffic of the Key Bridge and the Fort McHenry Tunnel much more than that. The six men who are missing were part of this tradition of working Baltimore: members of a construction crew, working overnight hours filling potholes on the bridge. One day in 1977, Mr. Metzger said, his father, a truck driver, was coming back home from his route and happened upon the bridge’s ribbon cutting. And the Key Bridge is gone.”

Persons: Francis Scott Key, “, ”, Kurt L, Mr, Schmoke, Rafael Alvarez, Dali, Jim Lo Scalzo, Curtis Bay, Alvarez, Baltimoreans, James Metzger, Metzger, Metzger’s Organizations: Fort, University of Baltimore, Chesapeake, Washington , D.C, Bethlehem Steel Plant, Amazon Locations: Baltimore, Fort McHenry, Baltimore’s, Maryland, Washington ,, New York City, Shutterstock

☆ Meet Europeans who moved to the US and say there’s no going back
▼ + stars: | 2024-03-18 | by ( Terry Ward | ) edition.cnn.com time to read: +11 min

We spoke with a handful of Europeans who are embracing American life about what brought and ties them to the United States. “I was always a career hunter, super career-focused,” says Herrmann, who eventually started his own tourism marketing business in the United States, Herrmann Global. “You have to have a certain level of cynicism and criticism because that’s what makes you smart.”She says she gets very upset when she sees Europeans “pooh-poohing” the United States. That said, she does find the “constant quest to be better, more efficient and more relevant” in the United States exhausting at times. She says living in the United States has afforded her the privilege to get to know and befriend people of many different ethnicities.

Persons: adieu, who’ve, they’ll, expats, ’ Florian Herrmann, “, ”, Herrmann, ’ ”, ‘, I’m, Gabriele Sappok, she’s, Sappok, Andreas, Gabriele Sappok “, it’s, ” Sappok, “ didn’t, Laurence Noguier, Jason W, Noguier, ” Noguier, Lawless, Clodagh Lawless, didn’t, she’ll, Lorna MacDonald, Lorna MacDonald Lorna MacDonald, MacDonald, she’d, Augustine, It's, Terry Ward Organizations: CNN, CNN Travel, Herrmann Global, Dubai Locations: United States, France, decamped, Italy, Portugal, Europe, Munich, Germany, California, Wyoming, America, German, Lander , Wyoming, “, New York City, Stuttgart, Washington , DC, Chicago, ” France, Dearborn, Galway, Ireland, American, Florida, Penzance, England, Australia, Singer Island , Florida, Augustine , Florida, St, ” Florida, Tampa

☆ Dollar Tree posts downbeat results, plans to shut nearly 1,000 stores
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +2 min

Dollar Tree missed Wall Street expectations for quarterly sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling business. Dollar stores have been struggling to deal with a shift in consumer spending to lower-margin essentials from higher-margin discretionary products like home decor, electronics and toys. In November, Dollar Tree had said it would be reviewing its Family Dollar business, including potentially shutting down underperforming stores, to return to growth. The discount store chain said it would close about 600 Family Dollar stores in the first half of fiscal year 2024 and 370 more over a period of a few years along with 30 Dollar Tree outlets, as their lease terms expire. For the full year, Dollar Tree expects sales between $31 billion and $32 billion, the mid-point of which is below analysts' estimate of $31.65 billion.

Organizations: Walmart Locations: Chesapeake , Virginia

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

RICHMOND, Va. (AP) — A GOP legislative effort to prevent Virginia children from using the popular video-sharing app TikTok — an idea backed by Republican Gov. Jay Leftwich of Chesapeake, was left in a House of Delegates committee after concerns were raised about how the ban would be enforced. Leftwich also said he brought the bill out of mental health and data privacy concerns for young people. “But I will not be supporting this bill because I think it’s unfair to single out TikTok,” she said. “We’ve long said bans, like the one proposed in this legislation, are not only the wrong approach, but also raise significant First Amendment concerns," Brown said.

Persons: Glenn Youngkin —, Republican Del, Jay Leftwich, Lawmakers, Youngkin, Leftwich, ”, —, Holly Seibold, Jamal Brown, We’ve, Brown, Macaulay Porter, “ Organizations: —, Republican Gov, Democratic, Republican, Inc, Commonwealth, TikTok Locations: RICHMOND, Va, Virginia, Chesapeake, Fairfax County, Commonwealth

☆ Shipping giant Maersk says Red Sea vessel diversions could extend into second half of 2024
▼ + stars: | 2024-02-14 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Moller-Maersk, the second-largest global ocean carrier, is advising customers to prepare for a Red Sea crisis that could stretch well into the second half of this year. "Unfortunately, we don't see any change in the Red Sea happening anytime soon," Charles van der Steene, regional president for Maersk North America, tells CNBC. After attacks on two U.S.-flagged Maersk vessels on January 24, the Maersk Detroit and Maersk Chesapeake, Maersk Line, Limited — a U.S. subsidiary of Maersk, which operates U.S.-flagged vessels independently — announced it would no longer traverse the Red Sea. The global shipping and logistics company's cautious view of the Red Sea safety conditions comes despite a U.S.-led multinational military operation in the region, Operation Prosperity Guardian. "Our advice to our customers is specifically about building upon the uncertainty by being agile," said van der Steene.

Persons: Ebba, A.P ., Kristian Helgesen, Moller, Charles van der, Good Hope, der Steene, Maersk, van der, van der Steene, van der Steen, Panama hasn't, we're Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Maersk North, CNBC, Maersk Detroit, Maersk Chesapeake, Prosperity, U.S, Gaza, Maritime Security Program, VISA, Voluntary Intermodal, U.S ., Intelligence, East, Oceania Locations: Suez, Egypt, Maersk North America, Gulf, Aden, Hangzhou, Maersk, U.S, Good, Asia, Limited's U.S, West Coast, East Coast ., East Coast, Cape Hope, Panama, Ports, Mexico, Pacific Northwest, Los Angeles, Long, China, Australia, New Zealand

Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion. A tie-up between Diamondback and Endeavor, if it succeeds, would create a player in the massive Permian Basin oil and gas field that straddles Texas and New Mexico. Photos You Should See View All 22 ImagesEndeavor is the largest private operator in the Permian Basin. Lower oil prices are good for U.S. drivers, as it means they'll pay less at gas pumps. Shareholders of Diamondback Energy Inc. will own about 60.5% of the combined company, while Endeavor’s equity holders would own approximately 39.5%.

Persons: Hess, Diamondback, Travis Stice, ” Stifel's Derrick Whitfield, ” Stice Organizations: Diamondback Energy, Endeavor Energy Resources, Southwestern United, Exxon Mobil, Mobil, Diamondback, Endeavor, Exxon, Chevron, Drillers, OPEC, U.S, International Energy Agency, Diamondback Energy Inc, Chesapeake Energy, Southwestern Energy, Occidental Locations: Southwestern United States, U.S, Texas, New Mexico, United States, Israel, Midland , Texas

☆ Brian Belski makes big trades on Snap, Chesapeake Energy, DoorDash, Gilead, and UnitedHealth
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrian Belski makes big trades on Snap, Chesapeake Energy, DoorDash, Gilead, and UnitedHealthBrian Belski, chief investment strategist at BMO Capital Markets, joins 'Halftime Report' to break down his latest trades.

Persons: Brian Belski Organizations: Chesapeake Energy, BMO Capital Markets Locations: Gilead

☆ Therapists Trade the Couch for the Great Outdoors
▼ + stars: | 2024-02-05 | by ( Christina Caron | ) www.nytimes.com time to read: +1 min

Sometimes a pine cone is just a pine cone. “Growing up, I had some challenges,” Ms. Oppenheimer said, referring to her prickly teenage past, “some struggles with managing my emotions.”But her grandmother, who died four years ago, was soft like the feather, and gave her unconditional love that reminded Ms. Oppenheimer how important it was to treat herself with “soothing tenderness,” especially when she became self-critical. Ms. Oppenheimer and her clinical supervisor, Heidi Schreiber-Pan, were visiting Talmar, a nonprofit farm that offers therapeutic programs and vocational training — a short drive from the busy road and nondescript strip malls near their office. At the farm, the only sounds were a burbling stream, trilling birds and several inches of snow crunching beneath their feet. It was the perfect location to teach Ms. Oppenheimer therapeutic techniques that make use of the natural world.

Persons: Rachel Oppenheimer, ” Ms, Oppenheimer, Ms, Heidi Schreiber Organizations: Chesapeake Mental Health, “ Locations: Towson, Md

☆ 'The shooting has to stop': World's biggest shipping company pleads with Congress to help end Houthi Red Sea chaos
▼ + stars: | 2024-01-30 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Ralby stressed the crisis in the Red Sea is not just a U.S. problem, but recent attacks by the U.S. military have led to greater targeting of its vessels. After those attacks, Maersk announced it would no longer be transiting the Red Sea. MSC announced on December 17 that it would divert its services that would typically transit the Red Sea and the Suez Canal around the Cape of Good Hope. Sailing around the Cape of Good Hope to avoid the Red Sea adds one to two weeks to a one-way shipping journey relative to the Red Sea and Suez Canal. Rising freight costs were a big component of inflation during Covid and the Red Sea crisis has renewed fears that another bout of supply chain-triggered inflation could occur.

Persons: Ralby, Ian Ralby, Darr, Charles, Bud, Salud Carbajal, Biden, Hapag Lloyd, Bab, Good Hope, Jon Gold, Phillips, Ralph Lauren, Levi Strauss, Gold Organizations: U.S, Mediterranean Shipping Company, U.S . Navy, Coast Guard, Maritime Transportation, MSC, Senate Foreign Relations Committee, Maersk, Maersk Detroit, Maersk Chesapeake, Navy, Intelligence, Suzuki, Volvo, Michelin, Ikea, National Retail Federation, Bank of America, Van Heusen Corporation, Birkenstock, Capri Holdings, Nike, Corp Locations: Suez, Ismailia, Egypt, Yemen, U.S, Iran, Gulf, Aden, Maersk, Good, Europe's, Asia, Europe, Vietnam

BALTIMORE (AP) — A crash involving multiple vehicles closed all lanes on the heavily-traveled U.S. 50 Bay Bridge in Maryland on Saturday and motorists were advised to expect major delays, authorities said. The Maryland Transportation Authority said on X, formerly Twitter, the crash on the westbound lanes closed the bridge. The transportation authority said in a later post that eastbound and westbound traffic were alternating turns on the eastbound bridge, but the westbound bridge remained closed. Political Cartoons View All 253 ImagesAlso known as the William Preston Lane Jr. Memorial Bridge, the span crosses the Chesapeake Bay. It connects Maryland’s Eastern Shore and the metropolitan areas of Baltimore, Annapolis and Washington, the transportation authority said on its website.

Persons: Anne, William Preston Lane Jr Organizations: BALTIMORE, Maryland Transportation Authority, Police Department Locations: Maryland, Anne Arundel, Annapolis, Kent, Shore, Baltimore, Washington

☆ US Navy shoots down Houthi missiles targeting US-flagged commercial ship
▼ + stars: | 2024-01-24 | by ( Natasha Bertrand | ) edition.cnn.com time to read: +2 min

The USS Gravely, which was nearby at the time, shot down two of the missiles and one landed in the water, the officials said. There were no injuries or damage to the ship, CENTCOM said in a statement. The ships turned back from their planned voyage after seeing “explosions” on their way toward the Red Sea on Wednesday, according to the company. “While en route, both ships reported seeing explosions close by and the US Navy accompaniment also intercepted multiple projectiles,” Maersk said in a statement shared with CNN. “The crew, ship, and cargo are safe and unharmed.”Following the explosions, the US Navy turned both ships around and is escorting them back to the Gulf of Aden, according to Maersk.

Persons: Houthis, CENTCOM, ” Maersk, “, CNN’s Catherine Nicholls Organizations: CNN, US Navy, Maersk, US Central Command, Maersk Detroit, Chesapeake, US Maritime Security Program, VISA, Voluntary Intermodal Sealift Locations: Iran, Maersk Detroit, Gulf, Aden, Yemen

A local buyer taking over a struggling newspaper in the 21st century is normally cause for some celebration. “Have no fear of me,” Smith told the Sun newsroom on Tuesday, according to someone who was there and relayed the statement on condition of anonymity because it was a private meeting. Smith told the newspaper he had one partner: Armstrong Williams, a commentator who hosts a show on Sinclair’s affiliates. In 2018, Smith told New York magazine that he dislikes and fundamentally distrusts print media. Skene reported from Baltimore.

Persons: David D, Smith, “, ” Smith, Donald Trump, Smith’s, Julian Sinclair Smith, Sinclair, Armstrong Williams, Brandon Scott, ”, Jim Shea, Kathy Szliga, Rupert Murdoch, Marty Kaiser, Alden Capital, Tim Franklin, Stewart Bainum Jr, —, Medill’s Franklin, ” Franklin, Olivia Nuzzi, David Simon, television’s, ” Simon, Abell, ___ Bauder, Skene Organizations: Sinclair, Baltimore Sun Media, Alden Global Capital, The, Associated Press, Sun, Sinclair Broadcasting Inc, Chesapeake Television Corp, Fox, Democratic, Project Veritas, Republican, Capital News Service, University of Maryland, Tribune Publishing, Philadelphia Inquirer, Boston Globe, Seattle Times, Medill Local, Initiative, Northwestern University, Baltimore, New York Locations: Baltimore, Maryland, “, New York

☆ A woman bought a vintage dress at an antique store. It had a secret pocket with a mysterious note
▼ + stars: | 2024-01-15 | by ( Faith Karimi | ) edition.cnn.com time to read: +8 min

CNN —The Victorian dress in the Maine antique mall was unlike anything Sara Rivers Cofield had seen before. Rivers Cofield had no idea that the dress she bought in December 2013 would unravel a mystery a decade later. Rivers Cofield was baffled, she told CNN. He also emailed Rivers Cofield, who did not know that online sleuths were still working to decipher the codes. But for now, Chan and Rivers Cofield are just glad they’ve unraveled the biggest piece of the dress’s mystery.

Persons: Sara Rivers Cofield, Rivers, Rivers Cofield, Fagan, Bennett, Shakespeare’s, ”, she’d, “, sleuths, Cofield, ” Rivers Cofield, I’m, Wayne Chan, didn’t, ” Chan, Chan, Sara Rivers, “ Bismark, “ Buck ”, he’s, “ I’m, It’s, they’ve Organizations: CNN, University of Manitoba, Army Corps, National Oceanic, Atmospheric Administration Locations: Maine, Calgary, Cuba, Bennett, Rivers, Chesapeake Beach , Maryland, Searsport , Maine, United States, ”, Canadian, Canada, North America, Bismarck, North Dakota, Washington ,, Chan

☆ Goldman breaks down the laggard trade and gives its comeback picks for first quarter 2024
▼ + stars: | 2023-12-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Today's market-leading stocks may not have the luxury to sit on their laurels, according to Goldman Sachs. Since Goldman Sachs began tracking the "Laggards" trade in 2022, the trend has held up 13 years out of 21, according to Mehta. The laggards have on average outperformed the S & P 500 by 130 basis points. The first, "differentiated buys," includes opportunities where Goldman Sachs analysts have out-of-consensus buy ratings. Finally, Goldman Sachs analysts also identified stocks with a "track record of CROCI [cash return on capital invested] generation," a metric that evaluates a company's cash return against its total equity.

Persons: Goldman Sachs, there's, Deep Mehta, Mehta, Laggards, laggards, Locker, — CNBC's Michael Bloom Organizations: Financial, Barclays, Mosaic, CF Industries, Clear, Chesapeake Energy, Shoals Technologies, Biomarin Pharmaceutical, Body Works, Mohawk Industries, Bristol, Myers Squibb, Honeywell International, United Parcel Service Locations: . Norfolk Southern, Bath

☆ Consider getting trained to become an electrician — and fast
▼ + stars: | 2023-11-18 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. AdvertisementFederal data indicates electrician jobs are growing faster than the average of all occupations, with 73,500 openings expected each year over the next decade. "The education system is still built on getting every student to go to college," Shmelzer said. Over four years, students earn a wage and log the thousands of work hours required to become a licensed electrician. Shmelzer said there are many "career circuits" for electricians, including indoor construction and utility work as well as project management and design.

Persons: Grant Shmelzer, Tom Bowen, Bowen, they're, Gen Zers, Shmelzer Organizations: Service, Independent Electrical Contractors, Maryland -, Industry, Chesapeake, Labor, Brotherhood of Electrical Workers Locations: America, Chesapeake, Maryland, Maryland - Virginia, In California, Irvine, Canada, Virginia

☆ Maryland Gov. Wes Moore brings his message of patriotism to Virginia's legislative elections: 'We're just letting folks in the Commonwealth know to keep fighting'
▼ + stars: | 2023-11-05 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Wes Moore on Saturday went to Virginia to stump for Democratic legislative candidates. Moore, a US Army veteran, took his message of reclaiming patriotism to military-heavy Hampton Roads. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "So we're just letting folks in the Commonwealth know to keep fighting and that victory is ahead." "As a fellow veteran, Governor Moore's message of reclaiming patriotism resonated with me," he said on Saturday.

Persons: Wes Moore, Saturday, Moore, —, Glenn Youngkin, Sen, Aaron Rouse, Michael Feggans, Karen Greenhalgh, Feggans, Moore's Organizations: Maryland Gov, Democratic, US Army, Service, Commonwealth, Virginia Gov, Republican, Democratic Party, 97th, GOP, Air Force, Republicans, couldn't Locations: Virginia, Hampton, Maryland, Virginia Beach, Commonwealth, Afghanistan

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