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Investigators recounted the crew’s desperate efforts to restore electrical power and halt the ship’s drift toward the bridge. They described how one of eight maintenance workers still on the bridge that night managed to sprint to safety moments before the bridge collapsed. The 985-foot-long vessel departed the Port of Baltimore around 1 a.m. on March 26 and traveled along a heavily used shipping channel that would take it under the Francis Scott Key Bridge. But as it approached the bridge, the power went out on the vessel and alarms blared. Transportation officials have been re-examining structural protection systems on bridges, which in some cases are missing or flawed, that are supposed to deflect wayward ships away from bridge piers.
Persons: Francis Scott Key Organizations: Investigators, Transportation Locations: Port of Baltimore
Traders fear that elevated rates will uphold painfully high borrowing costs for consumers, squeeze corporate profit and weigh down the market. The labor market has stayed strong, consumers have continued spending and stocks have notched repeated record highs. The April jobs report was a welcome sign that the labor market is cooling without cratering. The labor market added just 175,000 positions last month, marking its lowest tally since October 2023 and a sharp cooldown from the upwardly revised 315,000 jobs added in March. First-time applications for unemployment benefits climbed last week to 231,000, the highest level since last August, in another sign that the labor market is cooling.
Persons: , , Jeff Buchbinder, Jerome Powell, ” Powell, April’s, David Russell, Matt Egan, Wally Adeyemo, Read, Diksha Madhok, Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi Organizations: CNN Business, Bell, New York CNN, Federal, Traders, CNN, Fed, LPL, ” Treasury, Treasury, Reliance Industries, Adani, Indian National Congress Locations: New York, Thursday’s, , India
"Ripley" is based on Patricia Highsmith's classic crime drama "The Talented Mr Ripley." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNetflix's "Ripley" is an incredibly faithful adaptation of the novel "The Talented Mr Ripley" by acclaimed US author Patricia Highsmith, arguably hewing closest to the source material out of all the versions of the classic crime drama committed to screen. This story is available exclusively to Business Insider subscribers.
Persons: Patricia Highsmith's, Ripley, , Patricia Highsmith, Steven Zaillian, Tom Ripley, Andrew Scott, he's, Herbert Greenleaf, Dickie, Johnny Flynn Organizations: Service, Business Locations: New York, Italy, America
Between swirling geopolitical winds, the variables of climate change and continued disruptions resulting from the pandemic, the risks of depending on ships to carry goods around the planet were already conspicuous. The pitfalls of relying on factories across oceans to supply everyday items like clothing and critical wares like medical devices were at once vivid and unrelenting. Off Yemen, Houthi rebels have been firing missiles at container ships in what they say is a show of solidarity with Palestinians in the Gaza Strip. In Central America, a dearth of rainfall, linked to climate change, has limited passage through the Panama Canal. That has impeded a crucial link between the Atlantic and the Pacific, delaying shipments to the East Coast of the United States from Asia.
Organizations: Atlantic, Pacific Locations: Baltimore, Patapsco, American, Yemen, Gaza, Suez, Asia, Europe, Africa, Central America, Panama, East Coast, United States
When Rebecca Frecknall was a child, one of her favorite things to watch was a televised 1993 London revival of “Cabaret,” which her father had recorded on VHS tape. As the British theater director grew up, she hoped that one day she would stage a version of the musical, in which a writer falls in love with an exuberant and wayward cabaret performer in Weimar-era Germany. In early March, in a Midtown rehearsal room, Frecknall, 37, was preparing to do just that. Her “Cabaret,” which opens in previews at the August Wilson Theater on April 1, is a transfer from London’s West End, where it opened in 2021 to critical acclaim. “I always wanted to direct ‘Cabaret’,” Frecknall said later in an interview.
Persons: Rebecca Frecknall, Olivier, , ” Frecknall, I’d, , Eddie Redmayne —, Broadway — Organizations: Wilson, Broadway Locations: London, British, Weimar, Germany, London’s
A loss of propulsion would have had an effect on the rudder's ability to steer effectively, Lipian told BI. Related stories"There's no brakes on a ship," Lipian added. Instead of building bridges strong enough to withstand a direct impact from a ship, engineers focus on deflecting a wayward vessel from its path. AdvertisementIn fact, engineers would struggle to design a bridge capable of stopping a ship as large as the Dali, she said. Newer bridges, built with heavier cargo ships in mind, may include larger gaps between the supporting piers, Broyd said.
Persons: , Dali, Wes Moore, Henry Lipian, Lipian, Moore, Tim Broyd, Francis Scott Key, Broyd, Lorna Wharton, Rick Geddes, Mark Richards Organizations: Service, National Transportation Safety Board, Business, FBI, NBC, Forensics, US Coast Guard, Port, Maryland Association of Pilots, Gov, Infrastructure Security Agency, ABC News, University College London, UK's, of Civil Engineers, COWI, Cornell University Infrastructure Policy, BI Locations: Maryland
CNN —As a golf fan watching at a tournament, you have the privilege of being up close to all the action. Then things turned sour on the 14th hole for the 33-year-old American golfer. With the 33-year-old’s progress towards the hole impeded by foliage, Homa was forced to attempt a relief shot back onto the fairway. However, when he did eventually attempt his third shot, Homa’s ball came within inches of hitting a fan, who was filming the golfer. Homa eventually struggled to a quadruple-bogey nine on the par-four 14th hole, ruling him out of contention for the tournament.
Persons: Max Homa, Homa, Jared C, Tilton, , ” Homa, X, Organizations: CNN, TPC Locations: Homa
Read previewYet another study is calling into question a Harvard professor's claims that metallic balls discovered under the ocean may have been made by aliens . Johns Hopkins University-led (JHU-led) research said a blip on the seismometer that Loeb used to pinpoint the crash site may simply have been caused by the vibrations of a passing truck. AdvertisementPinpointing the crash siteIn 2019, Loeb and his team searched databases for unusual meteors that were moving rapidly. The meteor, dubbed by Loeb's team IM1, was first spotted by the Department of Defense's (DoD) sensors. Loeb's team recovered 805 spherules.
Persons: , Avi Loeb, Loeb, Ben Fernando, It's, Fernando, it's, Charles Hoskinson, Undeterred Organizations: Service, Harvard, Business, Johns Hopkins University, JHU, Department of Defense's, DoD, Planetary Science Conference, Galileo, Space Force Locations: Papua, Guinea, 2401.09882, Papua New Guinea, Houston
New York CNN —Nvidia isn’t the only stock capturing the attention of AI enthusiasts these days. Nvidia closed above a $2 trillion market cap on March 1, joining an elite cohort including Apple and Microsoft. Supermicro’s stock gained even more momentum in January, after the company reported second-quarter results that blew past expectations and raised its full-year revenue forecast. Supermicro’s stock was one of the most popular names bought by Charles Schwab clients in February, according to the firm’s latest trading activity index. New York Community Bank gets $1 billion ‘lifeline’Beleaguered regional lender New York Community Bank is receiving a more than $1 billion equity investment, reports my colleague Elisabeth Buchwald.
Persons: Charles Schwab, ChatGPT, , , Supermicro, Wells Fargo, Goldman Sachs, Elisabeth Buchwald, Steven Mnuchin’s, NYCB, ” David Chiaverini, Joseph Otting, Alessandro DiNello, DiNello, Read, Jeremy Hunt, Hanna Ziady, Hunt, ” Hunt, Rishi Sunak’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Apple, Microsoft, Micro, Devices, Federal Reserve, Victoria Bills, Banrion Capital Management, Bank of America, Goldman, New York Community Bank, New, Community Bank, Liberty Strategic Capital, Citadel Global, Street Journal, Wedbush Securities, CNN, Bank of England, International Monetary Fund, Hunt’s Conservative Party, Labour Party Locations: New York, San Jose, United States, Hudson Bay, NYCB
In Hollywood, actor Kevin Bacon is a big star. In Wisconsin's Kenosha County, Kevin Bacon is one big pig! The 450-pound porker wandered from his pen last week then moseyed on down the road, where he was caught hamming it up on the Molgaard family's security camera. He called a farmer friend, who not only knew the pig's owner but had his phone number. About a mile and 2 1/2 hours later — by the glow of a flashlight in the darkness — Kevin Bacon was led safe and sound back into his pen.
Persons: Kevin Bacon, Jake Molgaard, , Molgaard, , Kevin, Bacon, ” Molgaard Organizations: Hollywood Locations: Kenosha County, Brighton, Milwaukee, Kenosha
Meet Boston's new power venture capitalist
  + stars: | 2024-03-06 | by ( Melia Russell | ) www.businessinsider.com   time to read: +10 min
A changing of the guard is underway at Boston-based venture capital firm Underscore VC. The venture capitalist, wearing a cherry red cardigan and Apple Watch, cracked open a notebook and set it beside an iced coffee. Underscore VCLyman's Facebook credentials could have given her a ticket to many venture firms located down the road in Menlo Park. "The thesis is that if you get the right people around the business at the right time, it'll change the trajectory of the business," Lyman said. As Lyman steps up, so does UnderscoreUnderscore is moving into its next phase during a reckoning for venture capital.
Persons: Lily Lyman, , Mike Greene, Marley, Lyman, Greene, she's, Michael Skok, John Pearce, Lyman —, Lily, they're, Skok, Alessandra Henderson, Pamela Aldsworth, Jeff Bussgang, Hi Marley, Gordon Ritter, Kevin Bacon, There's, Ritter Organizations: Service, Harvard University, Facebook, House, Apple Watch, Elektra Health, JPMorgan, New England Venture Capital Association, MIT, Allston Venture Fund, Harvard, Boston's, Capital Partners, OpenView Venture Partners, SEC, Old, Capital Locations: Boston, Old, Menlo Park
CNN —Real Madrid star Jude Bellingham was sent off after he was denied an injury-time winner against Valencia on Saturday. That prompted Bellingham, along with other Real Madrid players, to remonstrate angrily with the referee, only for the midfielder to be shown a red card as the match ended 2-2. Real Madrid pulled a goal back through Vinícius Jr. right on the stroke of halftime and continued to push for an equalizer in the second half. He had celebrated his first goal by raising his fist into the air on what was his 250th appearance for Real Madrid. Real next plays RB Leipzig in the Champions League on Wednesday, while Valencia returns to action in the league against Getafe next Saturday.
Persons: Jude Bellingham, Gil Manzano, remonstrate, Hugo Duro, Roman Yaremchuk, Dani Carvajal’s, Vinícius Jr, Vinícius, David S, Bustamante, Duro, Brahim Díaz, Manzano, Bellingham “, , , Carlo Ancelotti, it’s, It’s, ” Ancelotti, ” Bellingham's, Pablo Morano, Valencia Organizations: CNN — Real Madrid, Valencia, Real Madrid, Bellingham, Mallorca, Leipzig, Champions League, Getafe Locations: Bellingham, Valencia, Girona
Stocks and bonds both sold off as investors painfully recalibrated their expectations for five to six interest rate cuts this year to align more with the Fed’s projected three cuts. For example, Yardeni Research has pushed back against the idea that immediate rate cuts are necessary to avoid the Fed overshooting on slowing the economy. Stocks wouldn’t crater even if cuts were off the table completely in 2024, according to Bank of America, despite what Tuesday’s losses suggest. “No cuts could stymie a full-fledged recovery in more credit-sensitive areas,” wrote BofA strategists in a note on February 9. That means regional lenders will no longer have that crutch if they run into trouble after the program’s expiration on March 11.
Persons: Jerome Powell, , Ed Yardeni, it’s, Marc Dizard, Allison Morrow, Bitcoin, bitcoin, Antoni Trenchev, ” Read, Alicia Wallace, Read Organizations: CNN Business, Bell, New York CNN, Wall, Federal Reserve, Traders, Fed, Federal Deposit Insurance Corporation, US Treasury, Valley Bank, Signature Bank, Yardeni Research, Bank of America, PNC Asset Management Group, Federal Reserve Bank of New, New York Fed, Liberty Street Economics, , New York Fed Locations: New York, pare, Federal Reserve Bank of New York, , New
NEW YORK (AP) — The mild-mannered Franklin — the first Black character in the “Peanuts” comic strip — gets to shine in his own animated Apple TV+ special this month in a story about friendship. Franklin is a newcomer who bonds with Charlie Brown and is welcomed to the Peanuts universe in “Snoopy Presents: Welcome Home, Franklin," which premieres on Friday. Franklin and Charlie Brown soon enter a soap box derby competition and their friendship is tested before a deep bond is forged. In the new special, Franklin is specifically asked to come sit with his new pals on their side during a pizza party celebration. So to have him years later spotlight Franklin in a TV special seems almost divine intervention.
Persons: Franklin —, Franklin, Charlie Brown, Robb Armstrong, Charles Schulz, , Armstrong, Scott Montgomery, ” “, Stevie Wonder, Little Richard, James Brown, John Coltrane, he's, Linus, he’s, Raymond S, ” Franklin, Schulz, Martin Luther King Jr, Charlie Brown’s, Charlie Brown's, , “ They’re, Persi, Mickey Mouse, Jeff Morrow, Berry's, Johnny B, Goode, Billy Preston, Coltrane, ” Armstrong, , revering Schulz, someone’s, I’m, ” ___ Mark Kennedy Organizations: Apple Locations: Franklin
LAS VEGAS (AP) — Harold Varner III made an impressive turnaround in one week, going from last place in the LIV Golf season opener to a 7-under 63 on Thursday to share the first-round lead with Paul Casey. LIV Golf Las Vegas is being held the same week as the Super Bowl and drew a reasonable turnout at Las Vegas Country Club, despite temperatures that barely cracked 50 degrees when the shotgun start began. Varner opened with two straight birdies and closed with two birdies on his last three holes. He began the season last week at the Mexican resort of Mayakoba and finished last in the 54-man field, 26 shots out of the lead. Varner said he got in some work with Butch Harmon, the esteemed swing coach who lives in Las Vegas and doesn't travel much.
Persons: — Harold Varner III, Paul Casey, LIV, Varner, Butch Harmon, , ” Casey, , Bubba Watson, Matthew Wolff, hasn't, Joaquin Niemann, Sergio Garcia, ___ Organizations: LAS VEGAS, Super, Las Vegas Country Club Locations: Las, Mayakoba, Las Vegas
TAMPA, Fla. (AP) — A wayward kangaroo was corralled safely by sheriff's deputies Thursday after it was spotted hopping around the pool area of a Florida apartment complex. The Hillsborough County Sheriff's Office released video and still photos of the kangaroo, including some footage shot from a helicopter. The agency also released audio of a female resident of the complex calling in to report it. It's kind of a large kangaroo,” the unidentified woman says. No injuries to the kangaroo or any people were reported.
Persons: sheriff's, Organizations: Hillsborough County Sheriff's, Associated Press Locations: TAMPA, Fla, Florida, Hillsborough County
CNN —A dazzling extra-time free kick from talisman and captain Son Heung-min sealed a dramatic victory for South Korea in the Asian Cup quarterfinals against Australia, continuing its habit of nervy, sensational finishes in this tournament. And against Australia, South Korea was trailing 1-0 almost four minutes into stoppage time. “The most important thing is we get the result,” Son said afterwards, per the Asian Cup website. Son's goal sealed South Korea's place in the Asian Cup semifinals. Xia Bohan/VCG/Getty Images“It was another drama,” said South Korea manager Jürgen Klinsmann, according to the Asian Cup wesbite.
Persons: Son Heung, Cho Gue, Son, Hwang Hee, Matty Ryan, ” Son, Craig Goodwin, Jo Hyeon, Connor Metcalfe, Goodwin, Nathaniel Atkinson, Jo, Graham Arnold, Aidan O’Neill, Xia Bohan, , Jürgen Klinsmann, “ I’m, Jordan Organizations: CNN, South, Australia, Warriors, Tottenham, Kyodo, Socceroos, Taegeuk Locations: South Korea, Saudi Arabia, Australia
Image A watch party for Mr. Trump in Des Moines on Monday night. Credit... Haiyun Jiang for The New York TimesInstead, if Mr. Trump wins next week’s New Hampshire primary, a march to a third nomination is all but certain. Some in the news media were reluctant to direct their audiences to Mr. Trump, especially shortly after he left office, for fear that it would only amplify his lies about his election loss. Since 2016, both Republican and Democratic leaders have often agreed that it helps Democrats to have Mr. Trump at the political fore. Mr. Biden has signaled his plans to highlight Mr. Trump’s efforts to subvert his loss in the 2020 election, invoking the attack on the Capitol and Mr. Trump’s revisionist history of what happened.
Persons: Donald J, Trump, codifying, , he’d, Haiyun Jiang, , David Axelrod, Barack Obama, , victimhood, Mr, Trump’s, Axelrod, Biden, Maansi Srivastava, Liam Donovan Organizations: Fox News, Republican, Trump, Republican Party, The New York, Democratic, Republicans, New, New York Times Democrats, Capitol, Washington Post, University of Maryland Locations: New York, Iowa, Florida, Des Moines, Hampshire, Clive , Iowa, New Hampshire, Washington, mattering
CNN —Most athletes with an injury list as long and detailed as Tiger Woods would be retired from professional sport. The 15-time major champion’s much-anticipated return to professional golf at the Hero World Challenge in the Bahamas wasn’t perfect, nor was it ever likely to be. This will be the fourth time in a row that Woods has entered the event alongside his son Charlie and his second tournament since undergoing ankle surgery in April. I don’t see why that would change.”During the Hero World Challenge, which Woods hosts, he said that he had been “pleasantly surprised” with his physical recovery between rounds. Woods and winner Scottie Scheffler attend the trophy presentation at the Hero World Challenge.
Persons: Woods, ” Woods, , Charlie, Scottie Scheffler, Mike Ehrmann, ” Scottie Scheffler, , Scheffler Organizations: CNN, Albany Golf Club, Golf Channel, PNC, PGA, Masters, Woods, Augusta National Locations: Bahamas, Orlando , Florida, Paris
New York CNN —The Federal Reserve likely won’t raise interest rates again during its current tightening cycle, thanks to a cooldown in inflation. Interest rates are at a 22-year high after the Fed last March began its punishing pace of hikes in a bid to tame wayward inflation. Traders are now virtually certain that the Fed will hold rates steady at its December policy meeting and won’t hike again this cycle, according to the CME FedWatch Tool. Of course, one month’s data doth not a trend make. Traders are anticipating rate cuts won’t start before next March, and see May as more likely, according to the CME FedWatch Tool.
Persons: , Jeffrey Roach, Price, Sharp, Jerome Powell, Yung, Yu Ma, Joseph Brusuelas, Sephora, Parija Kavilanz, Read, Rishi Sunak, Hanna Ziady, , ” Sunak, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Fed, Dow Jones, Nasdaq, , LPL, Bureau of Labor Statistics, CPI, Research, BMO Wealth Management, Traders, Investors, RSM US, CNN, National Statistics Locations: New York
“It is reckless to make those allegations, putting our journalists on the ground in Israel and Gaza at risk,” the statement said. The furor over the Gaza photographers is part of a broader information war that has raged alongside the actual war. But it said in a statement that it was no longer working with Mr. Eslaiah, who filed the earliest and most extensive photos of the attack. There were other red flags about Mr. Eslaiah. He said he had no advance knowledge of the attack and had no links to Hamas, despite the photo with Mr. Sinwar.
Persons: , , Hassan Eslaiah, Yousef Masoud, Masoud, Masoud’s, photojournalists, Khan Younis, Eslaiah, Yahya Sinwar, Amit Segal, Sinwar, Israel, Soliman, Adolf Hitler, Hijjy, Iyad Abuheweila Organizations: The New York Times, Israel, The Associated Press, Reuters, Times, The Times, The, Associated Press, Ahli Arab Hospital, BBC, CNN, New York Times, Israel Defense Forces, Facebook Locations: Israel, Gaza, Kibbutz Kfar Azza, Ahli, Gaza City, Egypt, Israeli, Al, Cairo
Opinion | American Muslims Are in a Painful, Familiar Place
  + stars: | 2023-10-31 | by ( Rozina Ali | ) www.nytimes.com   time to read: +10 min
Indeed, it’s been dizzying to witness the speed at which the same patterns we saw after Sept. 11, 2001, are playing out. In the United States, it’s as if the country has turned back the clock two decades, but not in the way that Mr. Biden suggests. For those who experienced waves of harassment and government surveillance in the years after Sept. 11, the president’s pledge of “unwavering” support for Israel set off alarm bells. Today, many Muslims in the United States fear a new outbreak of violence. Days after the attacks in Israel, the Biden administration announced that local and federal law enforcement officers across the United States are “closely monitoring” for connected threats.
Persons: Biden, it’s, Abu Ghraib, Donald Trump, — we’ve, we’ve, Wadea Al, Fayoume, Joseph Czuba, Czuba, , Wadea, Imam Omar Suleiman, Trump, ” Abed Ayoub, , Islam, Benjamin Netanyahu’s, George W, Bush, Mr, didn’t, We’ve Organizations: Civilian, West Bank, Israel, F.B.I, Islamic, Hamas, Companies, Rights Watch, Mr Locations: Tel Aviv, Israel, Gaza, United, Afghanistan, United States, U.S, America, hijabs, Illinois, Iraq, Islamic State, Syria, New York City, Qatar, N.Y.U
New York CNN —An age-old investing strategy is losing its shine, but investors aren’t ready to cast it aside. Common wisdom suggests that when investors are fearful, stock prices tend to fall, and bond prices rise as people seek safer investments. When yields rise, bond prices fall, and Treasuries have been sinking in recent months. Those are characteristics of the perfect storm that sent the 60-40 portfolio nosediving in 2022. The 60-40 portfolio shed roughly 17% last year, its worst performance since 2008, according to data from Vanguard.
Persons: Bonds, Stocks, , Amy Arnott, Jerome Powell, Brian Henderson, Henderson, Chris Isidore, Marlon Pando, White Lotus, Alicia Wallace, Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Vanguard, Morningstar, Treasury, BOK Financial, Auto, United Auto Workers, General Motors, Ford, GM, Wednesday, Disney Locations: New York, New Jersey, United States
Incredibly, Hovland and Aberg were up against two of the biggest names in Zach Johnson's American team, with Scheffler ranked world number one and Koepka a five-time major winner. The 23-year-old Aberg only turned professional in June, has played only a handful of tour events and is the first Ryder Cup player not to have contested a major. Hovland, 26, had a Ryder Cup baptism of fire in 2021 when he was part of the team that was trounced 19-9 but two years later he is exacting sweet revenge. I don't think we could have done better," Hovland said of his partnership with Aberg that could become a key component of multiple Ryder Cups. The only bigger Ryder Cup wins in foursomes were 10&9 victories achieved in the 1930s and 40s over 36 holes.
Persons: Ryder, Marco Simone Golf, Viktor Hovland, Ludvig Aberg, Phil Noble, Scottie Scheffler, Brooks Koepka, Rome's Marco Simone, Tom Kite, Fred Couples, Zach Johnson's, Scheffler, Aberg, Europe's, Abba, Luke Donald, Hovland, Max Homa, Brian Harman, Tyrrell Hatton, Justin Spieth, Justin Thomas, Friday's, Martyn Herman, William Maclean Organizations: Country Club, REUTERS, Rights, Ryder, Vikings, Scheffler, Nordic, U.S ., Thomson Locations: Rome, Italy, Scandinavian, Europe, foursomes
But Vira Chernukha, 76 and now the sole resident of a northeastern Ukrainian village bombed and depopulated by Russian invaders, has no intention of ever leaving Dementiivka again. Nowadays, she keeps busy fixing the damage to her yard and tending to a monument to Ukrainian soldiers who died defending the village. When she woke up, she was in a hospital room in Belgorod, a city just over the Russian border. "We travelled via Latvia, Lithuania and Poland to Lviv and then Vinnitsya," she said, referring to two western Ukrainian cities. Ukrainian forces retook much of the country's northeast last year in a lightning counteroffensive that caught Russian troops off guard.
Persons: Vira Chernukha, Dementiivka, I'm, I've, Chernukha, Ron Popeski, Tom Balmforth, Peter Graff Organizations: Thomson Locations: Russia, Ukraine, Dementiivka, Kharkiv, Ukrainian, Russian, Belgorod, Latvia, Lithuania, Poland, Lviv
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