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Read previewThe crew of the container ship that crashed into the Baltimore bridge five days ago are still trapped on board the stricken vessel, a report says. The crew, all Indian nationals, are likely continuing to work to maintain the ship as they remain stranded, the Times said. The container ship Dali collided with a key bridge in Baltimore on Tuesday. Those onshore have devised inventive ways to contact the crew members who do not have consistent internet access on board. AdvertisementThe crew members seem to be faring well, given the circumstances.
Persons: , Dali, Francis Scott Key, Michael A, McCoy, Wes Moore, Chris James, James, Joshua Messick, Andrew Middleton, I've, Grace Ocean Organizations: Service, Business, The New York Times, Times, Washington Post, Getty, Synergy, National Transportation Safety Board, Coast Guard, Baltimore International, Maersk Locations: Baltimore, Patapsco, Singapore, Danish, Colombo, Sri Lanka
Increase in chronic absenteeism, 2019–23 By local child poverty rates By length of school closures By school district size By district racial makeup Source: Upshot analysis of data from Nat Malkus, American Enterprise Institute. Sara Miller, a counselor at South Anchorage High School for 20 years, now sees more absences from students across the socioeconomic spectrum. But after a visit from her school district, and starting therapy herself, she has settled into a new routine. Nationally, about 26 percent of students were considered chronically absent last school year, up from 15 percent before the pandemic. Kaylee Greenlee for The New York TimesThe Ypsilanti school district has tried a bit of everything, said the superintendent, Alena Zachery-Ross.
Persons: Nat Malkus, , Kaylee Greenlee, Katie Rosanbalm, , can’t, Adam Clark, Sara Miller, Miller, Ash Adams, Tracey Carson, Ashley Cooper, she’s, ’ ”, Cooper, Rosanbalm, Duke, Quintin Shepherd, The New York Times Quintin Shepherd, Shepherd, Michael A, Gottfried, , Nicholas Bloom, Lakisha Young, Charlene M, Russell, Tucker, Regina Murff, Sylvia Jarrus, Ann Arbor, Murff, Alena Zachery, Zachery Organizations: D.C, American Enterprise Institute, New York Times, The New York, Center of Child, Duke University, The New York Times, Missing, South Anchorage High School, University of Pennsylvania Graduate School of Education, Companies, Stanford University, Oakland Locations: Anchorage, Michigan, Washington, Victoria , Texas, Mt, Northern California, Hawaii, Mason , Ohio, Cincinnati, San Marcos , Texas, California, Connecticut, Ypsilanti, Mich, Ann, Ross
The owner of the ship that crashed into the Baltimore bridge faces a mountain of potential lawsuits. Experts say the owner will likely try to invoke an 1851 law to try to cap potential damages. The Limitation of Liability Act was successfully used by the Titanic owner after the 1912 sinking. "If they're fully successful, it will cap how much they have to pay in damages," Michael Sturley, an expert in maritime law and professor at the University of Texas at Austin's School of Law, told BI. However, I must say that the way things look at present, it seems unlikely that a limitation petition will be successful."
Persons: , Maryland's Francis Scott Key, Dali, Michael Sturley, Sturley, Michael A, McCoy, it's, Martin Davies, Davies, Gordon Carey —, Carey, It's Organizations: Titanic, Service, University of Texas, Austin's School of Law, Private Ltd, Grace Ocean Private, Business, Washington Post, Wall Street, Titanic Inc, Maritime Law Center, Tulane University School of Law, White Star, Reuters, Synergy Marine Group, Synergy Marine Locations: Baltimore, Singapore, Sri Lanka, Patapsco, United States, , Oregon, Oregon
The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty ImagesThe Baltimore bridge collapse on Tuesday prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Six people who had been working on the bridge were presumed dead on Wednesday, after rescuers failed to find them. The Port of Baltimore, the 11th largest port in the U.S. and its busiest for autos and light trucks, has been closed until further notice. Sweden's Volvo Group said it did not expect a significant impact, but was checking its U.S. production facilities.
Persons: Francis Scott Key, Michael A, carmakers, Dimitris Psillakis, it's, Psillakis Organizations: Francis Scott Key Bridge, McCoy, Washington Post, Getty, Logistics, Mercedes, Benz, CNBC, Baltimore, Volkswagen Group of America, Germany's Volkswagen, VW, Audi, Lamborghini, Bentley, Atlantic, Volvo Group, General Motors, Ford, Toyota, Nissan, Mitsubishi Locations: Baltimore, Port, U.S, East, Brunswick, Georgia
Read previewThe collapse of the Francis Scott Key Bridge on Tuesday is a reminder that the economy remains vulnerable to sudden supply-chain shocks, experts say. Here's how the catastrophe could affect the economy, trade, and the city of Baltimore. "This event will have greater economic implications for the Baltimore economy than nationally," Oxford Economics' chief US economist Ryan Sweet said on Tuesday in a research note. The container ship Dali collided with a key bridge in Baltimore on Tuesday. The port of Baltimore is the busiest for "roll-on/roll-off" cargo, which includes cars, light trucks, and agricultural and construction equipment.
Persons: , Francis Scott Key, Dali, Ryan Sweet, Michael A, McCoy, Sweet, Michael Tamvakis, Tamvakis, Ioannis Moutzouris, Moutzouris Organizations: Service, Business, Maersk, Oxford Economics, Washington Post, Getty, JPMorgan, International Monetary Fund, City , University, London's Bayes Business, Maxar, University of London Locations: Baltimore, Norfolk, New York, New Jersey, Suez
Cadre Holdings CEO Warren Kanders sold $50.3 million worth of stock. Ares Management CEO Michael Arougheti sold $32.7 million worth of stock. Cadence Design Systems CEO Anirudh Devgan sold $14.7 million worth of stock. AppLovin CFO Herald Chen sold about $9.5 million worth of stock. Cleanspark CEO Zachary Bradford sold nearly $9 million worth of stock.
Persons: Michael Dell, Verity Data, Mark Zuckerberg, Chan Zuckerberg, Zuckerberg, Priscilla Chan, Warren Kanders, Kanders, Jayshree Ullal, Michael Arougheti, Sytse Sijbrandij, Sijbrandij, Anirudh Devgan, Aneel Zaman, Herald Chen, Zachary Bradford Organizations: Dell Technologies, Dell, DELL, Securities and Exchange Commission, Chan Zuckerberg Initiative, Facebook, Cadre, VerityData, Arista Networks, Ares Management, Cadence Design, Herald Locations: 10b5
The shift in the volume of freight being moved from the East Coast to the West Coast was first highlighted in February in the ITS Port Rail Ramp Freight Index. He said the disruptions from the Suez Canal and Panama Canal have contributed to an almost 20% increase into the West Coast ports. "For our ports, transloading containers is always going to happen and we have the capacity to do more." The West Coast container volume rebound will also have a ceiling. "We probably don't get to the historical 10-year levels of West Coast market share versus East Coast share," Chan said.
Persons: Michael Aldwell, Kuehne + Nagel, Chris Sikora, CH Robinson, Sikora, Tim Robertson, transloading, Paul Brashier, We're, Brashier, Bryan Kempisty, Matt Schrap, Bruce Chan, Chan, CH, Bascome Majors, J.B, Hunt, Schneider, JB Hunt, Jason Seidl, Knight, Swift, Seidl, Larry Organizations: Getty, U.S, Logistics, CNBC, Kuehne, Transportation Intelligence, . Logistics, DHL Global, ITS, Rail, ITS Logistics, Department of Transportation's, PortX Logistics, Harbor Trucking, J.B, Susquehanna International Group, Hub Group, Schneider, Union Pacific, Cowen Group, Universal Logistics Holdings, East, International Longshoremen's Association, Surface Transportation, Canadian Pacific, Kansas City Southern, Uber, Uber Technologies Locations: West Coast, East Coast, Panama, East, Red, Gulf, transload, transloading, West, Suez, Hunt, CH Robinson, Sea, Mexico, Kansas, Mobile , Alabama, Coatzacoalcos, Veracruz, Gulf of Mexico
Read previewAdult film actor Stormy Daniels drops so many bombshells in the smart, surprisingly moving documentary, "Stormy," that it's no wonder former President Donald Trump's "hush money" case lawyers are now raging against it. 'Unacceptable'"Extraordinarily prejudicial," Trump's lawyers called the film in defense filings made public this week. There is also their client to consider, Trump's lawyers said, in the delay request made public Thursday. Trump's lawyers are meanwhile asking that Daniels — given name Stephanie Clifford — be barred from testifying at the hush-money trial. A still from the Peacock documentary, "Stormy."
Persons: , Stormy Daniels, Donald Trump's, Trump, Daniels, she'd, Stephanie Clifford —, Michael Cohen, Juan Merchan's, Peacock, Erin Lee Carr, Carr, Seth Rogen, Jimmy Kimmel, Melania Trump, Barron, It's, Trump's, — Daniels, Cohen, Sarah Gibson, Gibson, Michael Avenatti —, Avenatti, Donald Trump Organizations: Service, Business, NDA, Trump, Prosecutors, York, Southwest, Touch, National Enquirer, Wall Locations: Lake, Manhattan, Baton Rouge , Louisiana, Brooklyn, American
Drones recently supplied to Sudan by Iran are already making an impact in that country's brutal civil war. Similar types of drones played decisive roles in turning the tables in two previous African civil wars in recent years and could do so again. "It should come as no surprise that these drones are being used in wars around the world," Rogers told BI. In this context, drones are useful to achieve specific objectives, but they will not win the war alone," Rogers said. RANE's Dodd also credited Ethiopia's drone procurements for decisively "turning the tide" of the Tigray War.
Persons: , Remi Dodd, RANE, it's, Dodd, James Patton Rogers, Rogers, Turkey's TB2, Loong, Debretsion Gebremichael, RANE's Dodd Organizations: Service, Business, Sudanese Armed Forces, Rapid Support Forces, United, Ethiopian, Tigray, Libyan National Army, Cornell Brooks Tech, Institute, Cornell University, American Warfare, Anadolu, Getty, Democratic Locations: Sudan, Iran, Iranian, Turkey, United Arab Emirates, Ethiopia, Libya, Tripoli, Omdurman, Tehran, Red, Yemen, Ukraine, Tigray War, Tigray, Addis Ababa, Ukrainian, New York, Donetsk, Nigeria, DRC, Democratic Republic of Congo, Burkina Faso
President Joe Biden recently announced that he was canceling federal student loans for nearly 153,000 borrowers enrolled in the plan, known as the SAVE plan. For Lauran Michael and her husband, the SAVE plan has reduced student loan payments by half. If you are interested in applying for the SAVE plan, here's what you need to know:WHAT IS AN INCOME-DRIVEN REPAYMENT PLAN? Borrowers can apply to the SAVE plan using the Income-Driven Repayment Plan request through the Education Department’s website. If you’d like to repay your federal student loans under an income-driven plan, the first step is to fill out an application through the Federal Student Aid website.
Persons: Joe Biden, Michael, they've, , you’ve, they’re, Biden’s, Charles Schwab Organizations: SAVE, U.S . Education Department, WHO, PLAN, Program, Education, Education Department, Public, Defense, Federal, Aid, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: U.S, Raleigh , North Carolina
For Love & Money is a weekly Business Insider column answering relationship and money questions. Write to For Love & Money using this Google form. If you sue the granddaughter after the grandmother helped you in your earlier court case, any goodwill you two share will disappear. That said, if you don't sue, you'll never receive the justice you deserve — not to mention the money you're owed. Write to For Love & Money using this Google form .
Persons: , I'd, you've, Ben Michael, Michael, Business Insider's, there's, it's, I'm, you'll, didn't Organizations: Service, Business
AdvertisementA good steak house shouldn't be inexpensive or easy to bookMeat is expensive to source, Michael said, and the restaurant's price range should reflect that. A good steak house shouldn't be too easy to book for a Friday night. Acrylic Asylum Art/Getty ImagesThere should be transparency in meat sourcingBoth brothers told BI that at a luxury steak house, you should be able to get the story behind what you're eating. A dull knife can take away from diners' overall experience, he said, which is the main reason to go to a steak house to begin with. "There's nothing worse than being in a high-end, high-check-average steak house and you're handed a dull knife," he told BI.
Persons: , Bryan, Michael Voltaggio, That's, Michael said, Michael, that's, there's, it's, Dixie, I'm Organizations: Service, Voltaggio, telltale, Business, Food, Washington Locations: Food
Photos You Should See - March 2024
  + stars: | 2024-03-04 | by ( Michael A. Brooks | March | At P.M. | ) www.usnews.com   time to read: 1 min
The ‘Climactic Dud’ of Super TuesdayBiden and Trump appear poised to cement their statuses as their respective party's pick for president, even as well over half of voters say they want different choices.
Persons: Trump Organizations: Super, Biden
By then, he had sold his short-term rental property for a profit, but he still owned other long-term rentals. Therefore, they used the real-estate professional status and bonus depreciation to reduce their taxable income. The main one is through the short-term rental tax loophole (STR loophole). For example, Eileen pointed to Henderson, Nevada, which won't allow a short-term rental permit for a house if there is a permit for an existing short-term rental within 1,000 feet. Deductions would cancel out the taxes owed from the property's revenue, and what is left will reduce your W2 taxable income.
Persons: Michael Hyun, Joshua, Hyun, Eileen Kim, Eileen's, Michael, Brandon Ford, Eileen, Ford, Michael said, you'll Organizations: Business, CPA, IRS, Tax Relief, American Families and Workers Locations: Joshua Tree , California, New York City, San Francisco, Santa Monica , California, Henderson , Nevada, San Jose , California, Alameda County
For decades, America has followed Oprah through every major weight loss trend, and this was no exception. She later deeply regretted such a stunt, calling it a “Big, big, big, big, big, big, big mistake!”In 1994, Oprah ran her first marathon to celebrate her 40th birthday. It raised questions about Oprah taking medical weight loss drugs such as Ozempic or Wegovy. She later deeply regretted such a stunt, calling it a “Big, big, big, big, big, big, big mistake!” Charles Bennet/APWith Oprah stepping down, many people will lose their measure or point of reference for what is ahead or behind the curve as it relates to their weight and health. One might also ask what it means for the nation’s preeminent Black history museum to be economically tethered to a weight loss company.
Persons: Kellie Carter Jackson, Michael, Denise Kellen ’, , Read, Oprah Winfrey, Oprah, , Stedman Graham, Mark Wilson, Oprah’s, Winfrey, Charles Bennet, it’s Organizations: of Africana Studies, Wellesley College, CNN, WW, Marine Corp, Harpo Studios, US Marine Corps, 19th Marine Corps, AP, Hollywood, canaries, National Museum of Locations: America
How Google lost its way
  + stars: | 2024-02-29 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com   time to read: +17 min
Just two months after Google launched Gemini, its flashy new AI model, the company revealed that it had already built a better version. AdvertisementThen, days later, Google scrambled to explain why its image generation tool spit out racially inaccurate depictions of historical figures. Users have long bemoaned — and researchers recently found — a decline in the quality of Google Search results. The fact that Google is not far and away the self-driving-car leader, it's, like, a total joke," the former Google director said, adding that the problem of Google's lost supremacy is "maybe impossible to solve, frankly." Google now is reminiscent of the Steve Ballmer-era Microsoft, which missed the smartphone, search, and cloud waves and was overtaken by Apple, Google, and Amazon.
Persons: OpenAI, Sora, Sam Altman, Sundar Pichai's, Pichai, , Larry Page, Sergey Brin, Lea Suzuki, Getty Brin, Page, Google, Googlers, Axel Springer, Diane von Furstenberg, Giovanni Giannoni, Michael Avrukin, Vuk Valcic, wouldn't, Patrick Mork, Eric Lehman, Lehman, ChatGPT, Caesar Sengupta, Sengupta, Alexa, Google's, Steve Ballmer, Satya Nadella, Hugh Langley, Lara O'Reilly Organizations: Google, Hollywood, Industry, San Francisco Chronicle, Business, Penske Media, Microsoft, Amazon, The New York Times, Oracle, YouTube, Apple, IBM, Meta Locations: Silicon Valley, Silicon,
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewVeteran investor Kyle Bass is catching flak online after he blamed his $85 breakfast at a luxury five-star hotel on Joe Biden's inability to clamp down on inflation. "Terrible inflation milestone reached — my first $85 breakfast for one at a NYC hotel," Bass, who founded the private equity firm Conservation Equity Management and the hedge fund Hayman Capital Management, said on X Wednesday. Terrible Inflation milestone reached - My first $85 breakfast for one at a NYC hotel. "You ordered room service in a 5-star Manhattan hotel.
Persons: , Kyle Bass, Joe Biden's, Bass, Biden, Janet Yellen, ove, 3% Organizations: Service, Conservation Equity Management, Hayman Capital Management, Business, Federal Reserve, Biden Locations: Ste
On the surface, it may seem simple — global stocks are rallying, so there must be one universal driver, right? When this happens, the yen should strengthen and improve shareholder value in Japanese stocks, Arone said. "All of that gives you the ingredients you need to push stocks higher — not only U.S. stocks, but global stocks — in the next 12 months or so," he said. "I think that international stocks — Japan, Europe — have more room to go. Similar to Kelly, Kleintop recommended a more broad-based approach to playing this global rally.
Persons: It's, Charles Schwab's, Jeffrey Kleintop, they've, David Kelly, Michael Arone, Kelly, Arone, , Kleintop, Fred Imbert Organizations: U.S, Dow Jones, Nasdaq, Nikkei, CNBC, Nvidia, Asset Management, Federal Reserve, European Central Bank and Bank of England, Bank of Japan, Tokyo Stock Exchange, State, Locations: United States, U.S, Europe, Japan, Korea, China, Asia, America, Eastern Europe, — Japan
CNN —Thousands of residents have been evacuated in Plymouth, southwest England, as authorities work to remove an unexploded 500-kilogram (1,102-pound) bomb discovered in the city. Members of HM Coastguard Search and Rescue gather after homes were evacuated when a suspected WWII explosive device was discovered. Matt Keeble/PA Images/Getty ImagesThe bomb will then be disposed of at sea, Plymouth City Council said Friday. It was discovered in a garden in the city’s Keyham area. Authorities added that the city’s trainline would be closed, ferries suspended and buses diverted.
Persons: Michael, Matt Keeble, It’s, Phil Williams Organizations: CNN, Authorities, Ministry of Defence, Twitter, HM Coastguard, Plymouth City, Cornwall Police, Residents Locations: Plymouth, England, Keyham, Devon
There was a time when Michael Corleone Blanco didn't want to hear the name Billy Corben, let alone sit across from him. AdvertisementBut Michael Corleone Blanco, the famed drug kingpin's only surviving son, learned quickly that true-crime fame is a double-edged sword. It was probably between the release of "Cocaine Cowboys" and "Cocaine Cowboys 2." I knew that one day, the Griselda Blanco story and the Blanco family story would have to be told, and with them already telling some of the story, it was going to help me out. AdvertisementSofia Vergara as Griselda Blanco in "Griselda."
Persons: Michael Corleone Blanco didn't, Billy Corben, Griselda Blanco —, Sofia Vergara, Catherine Zeta, Jones, Michael Corleone Blanco, Corben, — Blanco, Blanco, Alfred Spellman, David Cypkin, Griselda, Michael didn't, Billy, Michael, Griselda Blanco, Alfred, Dave, Mr, La Madrina, Elizabeth Morris, Netflix Billy, Sofia Vergara's, Zilah Mendoza, Al Capone, There's, She's, Michael Corleone, Corleone, I've Organizations: Cocaine, Netflix, Business, Corben, Cocaine Cowboys, Colony Theatre, The, Instagram Locations: Miami, Hollywood, Colombia, Blanco, South
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAres Management CEO Michael Arougheti: The worst of the higher rates is behind usMichael Arougheti, Ares Management president and CEO, joins 'Money Movers' to discuss how borrowers are absorbing the environment's higher rates, stress in the real estate sector, and how Arougheti is considering the commercial real estate sector.
Persons: Michael Arougheti, Ares Organizations: Ares Management
Test tubes are seen in front of a displayed AbbVie logo in this illustration taken on May 21, 2021. AbbVie on Tuesday said longtime executive Robert Michael will become the company's new CEO, replacing Richard Gonzalez. Michael, who is AbbVie's president and chief operating officer, will become the company's second-ever CEO on July 1. Gonzalez, who has led the company since it spun out from Abbott Laboratories in 2013, will retire and become AbbVie's executive chairman. Now is the opportune time to hand the CEO role over to Rob," Gonzalez said in a release.
Persons: AbbVie, Robert Michael, Richard Gonzalez, Michael, Gonzalez, Rob Organizations: Abbott Laboratories, AbbVie, CNBC PRO Locations: Humira
His wife and kids appeared in his 2023 documentary "Still: A Michael J. Sam Michael Fox, 34, is the eldest childSam Fox in November 2023. Fox's twin daughters, Aquinnah Kathleen Fox, and Schuyler Frances Fox, are 29From left: Sam Fox, Schuyler Fox, Aquinnah Fox, and Esmé Fox in November 2019. She was also involved in The Michael J. Esmé Annabelle Fox, 22, is the youngest siblingFrom left: Aquinnah Fox, Esme Fox, Schuyler Fox, and Sam Fox in October 2021.
Persons: Michael J, Fox, Tracy Pollan, Sam, Aquinnah, he's, , Willie Geist, Sam Michael Fox, Sam Fox, Evan Agostini, Michael, Tracy's, He's, Ben Barnes, Aquinnah Kathleen Fox, Schuyler Frances Fox, Schuyler Fox, Aquinnah Fox, Esmé Fox, Greg Allen, Schuyler, She's, Esmé Annabelle Fox, Esme Fox, Noam Galai, Fox Foundation Esmé, Esmé, Esmé's Organizations: Service, Fox, Guardian, AP, Harvard Graduate School of Education, Fox Foundation, Parkinson's Research, Duke University, Duke, Annapurna Pictures Locations: Schuyler, Hollywood, North Carolina
Not everyone qualifies for bonus depreciation deductions by default. “Any property could qualify for accelerated and bonus depreciation,” said Brandon Ford, a CPA and finance director at C3, a real-estate investment firm. Determining the deductibleOnce you qualify for the deduction, you must determine how much you can claim from bonus depreciation. To determine what Michael could deduct, he reviewed his property tax statement, a publicly available record on the county website. In order to qualify for bonus depreciation, he ordered a cost segregation study, which is a third-party service similar to an appraisal.
Persons: Michael Hyun, Eileen, Michael, what’s, , Eileen’s, Brandon Ford, Michael said, Ford, ” Ford, Hyun, , That's Organizations: Business, Bay Area, IRS, CPA Locations: California, Bay, Alameda County
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation's 'last mile' remains most difficult part of the walk, says State Street's Michael AroneCNBC's Bob Pisani interviews Michael Arone, chief ETF strategist at State Street Global Advisors, about the state of the exchange-traded fund industry, the debate over active versus passive strategies, and more.
Persons: Michael Arone, Bob Pisani Organizations: State Street Global Advisors
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