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One told CNN he heard the first large burst of shooting come from where US Marines were standing, near the blast site. This is significantly more than the three “near simultaneous” bursts of gunfire that the Pentagon investigations have claimed occurred. The Supplemental Review found no new evidence of a complex attack, and uncovered no new assertions of outgoing fire post-blast. “They were targeting people,” another, Nazir, 16, told CNN. CNN spoke with about ten Marines anonymously, many of whom described hearing gunfire and feeling under attack from it.
Persons: Hamid, Akhter Gulfam, , Wakil Koshar, Robert Maher, Sarah Morris, Morris, Maher, Rob Lodewick, , , ” Shogofa Hamidi, Morsal, Nazir, ” Noorullah Zakhel, Read, Sayeed Ahmadi, ” Ahmadi, Ahmadi, Lodewick, Marcus Yam, CNN's Nick Paton Walsh, “ You’ve, they’ve, It’s, Taylor Crul, Romel Finley, Finley, Barber, , ” Finley, Christian Sanchez, Sanchez, Staff Mark Milley, Kenneth “ Frank ” McKenzie, Darrell Issa, Nick Paton Walsh, Sandi Sidhu, Julia Hollingsworth, Masoud Popalzai, Sitara Zamani, Abdul Basir Bina, Katie Polglase, Gianluca Mezzofiore Organizations: CNN, United, Pentagon, US, Airport, NATO, US Army Central Command, Getty, Montana State University, University of Southampton, Marines, British Ministry of Defense, U.S . Central Command, AP CNN, , Los Angeles Times, Marine, ” Marines, Navy, US Air Force, . Air Force, Reuters, US Marines, YouTube, Investigators, Joint Chiefs, Staff, Central Command Locations: Kabul, Afghanistan, United States, airport’s, American, British, AFP, Bozeman, England, US, Kabul airport's, U.S, Finland,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPanama Canal curbed transits to meet challenges of demand, says waterway administratorRicaurte Vásquez Morales, administrator of the Panama Canal Authority, comments on how a downturn in falling rainfall trends is affecting one of the most important waterways in the world.
Persons: Ricaurte Vásquez Morales Organizations: Panama Canal Authority Locations: Panama
Less obviously visible but equally impressive are the historical treasures, some more than 12,000 years old, that can be found underground. Unlike the Basilica, this underground chamber was completely forgotten about until less than 15 years ago. Other than locals herding their livestock through the ruins of a garrison city dating to the 6th century, few people went there. Now, the site has given up numerous treasures including rock-cut tombs, an olive processing workshop and a series of underground cisterns. Yeraltı, literally meaning underground, was originally a dungeon in the basement of a fort built by the Byzantines in the 8th century CE.
Persons: James Bond, Theodosius II, Theodosius, Derinkuyu, tufa, émigrés, Han, Rümeli Han, Sarıcazade Ragıp Pasha, Sultan Abdülhamid II’s, Sancaklar, Göbeklitepe, Yeraltı, , Fatih Sultan Mehmet, Grand Vizier Bahir Mustafa Paşa, dervish Organizations: CNN, Love, UNESCO, Şanlıurfa Archaeology Locations: Turkey, Europe, Asia, Russia, Faith, Istanbul, Constantinople, Fatih, Belgrade Forest, Valens, Dara, Mardin, Nevşehir, Cappadocia, Derinkuyu, Taksim, stairwells, Sancaklar, Büyükçekmece, Mecca, Göbeklitepe, everyone’s, Şanlıurfa, Karaköy, Yeraltı, Ottoman, Grand
Crafting Shoes Never Meant to Be Walked In
  + stars: | 2024-04-22 | by ( Jessica Roy | ) www.nytimes.com   time to read: +1 min
Last week at the Venice Biennale, the milliner Giuliana Longo wore gold earrings in the shape of hats as she showed off a hat sculpture made of natural agave. Ms. Longo, who has worked as a milliner since 1969, said through a translator that she fell in love with hats because “if you wear a hat, you become a different person.”Dotted with 500 “pebbles,” each hand stitched to the fabric, the hat was in fact not just a hat but a tribute to a shoe: the Tod’s Gommino driving shoe, a hand-stitched loafer in leather or suede with rubber pebbles on the bottom and back that make it look a bit like a soft, chic cleat. Tod’s, the Italian leather goods and fashion company, had assembled 11 Venetian craftsmen to interpret the Gommino using their own tools and artistry. The works, created by Venetian glassblowers, mask makers and other artisans, were exhibited at a cocktail party on April 19. At an airy warehouse across the canal from the Italian Pavilion, craftspeople stood proudly by their work.
Persons: Giuliana Longo, Longo Organizations: Venice Biennale Locations: Venice, Venetian
Read previewSailors aboard a German warship that was recently deployed to the Red Sea were on watch for 12 hours a day, and in the "worst" situations, they might've only had seconds to respond to the deadly Houthi threats endangering ships in these waters. The Hessen, a Sachsen-class frigate, left the Red Sea and entered the Suez Canal on Saturday after spending nearly 60 days operating in Middle Eastern waters, Germany's military said Monday. Around 240 crew members aboard the Hessen were on "a permanent war march" during the mission, the German military said in a statement, according to a translation. German military photoThe short timeframe underscores how fast some of the Houthi threats are. In late-February, the Hessen accidentally targeted a US MQ-9 Reaper drone that was operating around the Red Sea and fired several missiles at the aircraft.
Persons: , Bab, Volker Kübsch, Kübsch Organizations: Service, Business, US Navy, German Navy, Navy, Aspides, Sachsen Locations: Hessen, Sachsen, Suez, Yemen, Gulf, Aden, Mandeb, Germany, Wilhelmshaven, Hamburg
Ukraine’s Race to Hold the Line
  + stars: | 2024-04-22 | by ( Josh Holder | Eric Schmitt | Thomas Gibbons-Neff | ) www.nytimes.com   time to read: +10 min
Ukraine’s Race to Hold the Line The days of lightning battlefield breakthroughs may be over. N Anti-tank ditch 1 2 Dragon’s teeth 1 mile 3 Trenches This defensive line in southern Ukraine runs a staggering 27 miles. 25 miles KHERSON N Anti-tank ditch 1 Dragon’s teeth 2 1 mile 3 Trenches This defensive line in southern Ukraine runs a staggering 27 miles. 10 miles Anti-tank ditch 1 Dragon’s teeth 2 3 Trenches 15 miles Ditches. 25 miles N 1 Anti-tank ditch 2 Dragon’s teeth 1 mile 3 Trenches This defensive line in southern Ukraine runs a staggering 27 miles.
Persons: Copernicus, Vyacheslav Madiyevskyy, Christopher G, Cavoli, Chasiv Yar, James Rands, Janes, Rands, Organizations: U.S . House, Analysts, Infantry, Reuters, LUHANSK UKRAINE New, Institute for, American, Pentagon, Kurakhove, Defenses, Locations: Russia, Ukraine, Ukrainian, KHERSON, Wiesbaden, Germany, Kherson, Zaporizhia, LUHANSK UKRAINE, DONETSK ZAPORIZHIA, Russia KHERSON CRIMEA, ZAPORIZHIA, Russia KHERSON, CRIMEA, Avdiivka, Europe, Marinka, UKRAINE, London, “ Ukraine
Today, I earn $40,000 per month in semi-passive income from it, through three different streams: affiliate marketing, sponsored partnerships and online courses. Here's what those days looked like, and how I built my income streams to be nearly entirely passive. I answered emails, wrote blog posts, brainstormed new ideas, handed accounting, addressed anything urgent that needed my attention and strategized new ways to grow Making Sense of Cents. I built many of my blog posts around affiliate marketing, a strategy that's responsible for about half of my blog's revenue. Sponsored partnerships are more active income, so I didn't do many of them during the cruise.
Persons: It's Organizations: Santa Cruz de La, Jobs, Facebook Locations: Santa Cruz de, Santa Cruz de La Palma, Spain, Florida, Panama, Polynesia, New Zealand, Asia
I went on a 12-day Holland America Line cruise and paid a little over $1,300 for my interior cabin. I'd book this room again — my cruise was so fun and busy that I barely spent time in it anyway. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I definitely had value in mind when I booked my recent 12-day cruise on the Holland America Line Rotterdam from Ft. Lauderdale, Florida, to the Panama Canal. I booked directly with Holland America Line and paid $849 plus $460 for taxes, fees, and port charges — about $109 a day.
Persons: Organizations: Service, Holland America Line Locations: Holland, Holland America Line Rotterdam, Ft . Lauderdale , Florida, Panama
Cars are stuck on a flooded road after a rainstorm hit Dubai, United Arab Emirates on Wednesday. Large jets looked more like boats moving through the flooded airport as water sprayed in their wake and waves rippled through the deep water. Video shared on social media showed furniture flying off balconies. Images published in local media showed traffic gridlocked on Dubai’s Sheikh Zayed Road, a 16-lane thoroughfare. Other videos from social media showed water rushing through a major shopping mall and inundating the ground floor of homes.
Persons: UAE CNN —, Rula Rouhana, Ras, Dubai International Airport –, Dubai’s Sheikh, Stringer Organizations: UAE CNN, United, United Arab Emirates, United Nations, Emergency Management, Wednesday, Dubai International Airport, Emirates, Flydubai, Dubai International, AFP, Getty, Dubai Marina, Dubai Metro, Anadolu, National, of Meteorology Locations: Dubai, UAE, United Arab, Gulf of Oman, Oman, Iran, Ras Al, Khaimah, Pakistan, Iran’s, Chabahar, Sistan, Baluchestan, Emirates, Dubai’s, Business, Persian
CNN —Ditching the US and relocating close to the French Pyrenees wasn’t part of Taylor Barnes’ life plan. ‘Visually inspiring’US artist Taylor Barnes, from Los Angeles, relocated to the medieval village of Saissac close to the French Pyrenees in 2021. Taylor Barnes“I considered, among many things, where I would like to live out the last quarter of my life,” Barnes tells CNN. Cozy hideawayIn 2019, Barnes bought an abandoned crawfish restaurant and converted it into a residency for artists. Since moving to Saissac, Barnes says she has happily embraced a slower-paced lifestyle.
Persons: Taylor Barnes, Barnes, Taylor Barnes “, ” Barnes, , , she’d, Cozy hideaway, Dennis Miranda Zamorano, Sonya, Berger Blanc, apéros, She’s, it’s, Carte, Barnes isn’t Organizations: CNN, Berger Blanc Suisse, Barnes Locations: Los Angeles, Saissac, Aude, France, Montagne, French, California, Spain, Saissac ., England, Ireland, Netherlands, America
US naval forces in the Middle East have been involved in shooting down malign threats for months. The cost of munition expenditure during this time is approaching $1 billion, the Navy secretary said. AdvertisementThe US Navy has fired nearly $1 billion in missiles to counter threats from Iran and its proxy forces over the past six months, the sea service's top civilian official revealed on Tuesday. USS Dwight D. Eisenhower conducts flight operations in response to the Houthis in the Red Sea. The Pentagon's Red Sea operations, however, have raised questions about sustainability, as the Houthis show no sign of letting up their attacks.
Persons: , Navy Carlos Del Toro, Arleigh Burke, Aaron Lau Del Toro, Biden, Dwight D, Eisenhower, Kaitlin Watt Del Toro, Israel Organizations: Service, US Navy, US, Navy, Defense, Carney, Senate, House Republicans, Congress Locations: Iran, Yemen, Israel, Suez, Ukraine, Red, Gulf of Aden
A battle is playing out in the Red Sea as Yemen's Houthi militia attacks commercial shipping vessels headed to the Suez Canal using weapons supplied by Iran. Now a US-led task force is fighting back. We compare the weapons and tactics and tell you who holds the power in this global conflict.
Locations: Suez, Iran
Opinion: What does Iran really want?
  + stars: | 2024-04-14 | by ( Peter Bergen | ) edition.cnn.com   time to read: +10 min
“A modern, strong, peaceful Iran could become a pillar of stability and progress in the region,” former US Secretary of State Henry Kissinger wrote in 2006. Iran introduced into the Iraqi war zone highly effective roadside bombs known as EFPs – Explosively Formed Penetrators – that wounded and killed hundreds of American soldiers. The official US Army history of the Iraq War concluded that Iran was the only winner of that war. Iran’s ‘cookie-cutter approach’Norman Roule was the top US intelligence official on Iran from 2008 to 2017. The withdrawal of the US troops from neighboring Iraq is a key goal of Iran, which exerts considerable influence over some Iraqi politicians.
Persons: Peter Bergen, Osama bin Laden, Shah, Henry Kissinger, Iran’s ayatollahs, Karim Sadjadpour, Sadjadpour, Reagan, bin Laden, bin, al, Saddam Hussein, , Noam Chomsky, Iran’s, Norman Roule, Roule, propping, Bashar al, Assad, Christine Abizaid, , Trump, Obama, Donald Trump, , Benjamin Netanyahu, hasn’t, Joe Biden, Netanyahu, hadn’t, Biden, Abizaid, Mohammed Shia Organizations: New, Arizona State University, Apple, Spotify, CNN, Saturday, East, CIA, US Army, Israel, US National Counterterrorism Center, US Treasury Department, ‘ Deemed, United Nations, Israel’s, Hamas, Iran, White, ISIS Locations: New America, Israel, Iranian, Damascus, Iran, United States, Palestine, , Lebanon, Beirut, Saudi, al Qaeda, Iraqi, Saddam, Iraq, Syria, Yemen, Red, Suez, Gaza, New York, Damascus ”, Jordan
George Stumpp, a retired bartender, lives comfortably in Panama after moving from New Mexico. He said Panama has robust infrastructure, a lower cost of living, and many of the same stores as the US. AdvertisementGeorge Stumpp, 65, worked as a bartender and bar supervisor in Long Island and New Mexico for decades. He's enjoying retirement in a country with a lower cost of living and high-quality healthcare, and he said he's enjoyed adapting to Panamanian culture. As his kids got older, he started to vacation in Central America, traveling to Costa Rica, Belize, and Panama.
Persons: George Stumpp, , he's, we've, Stumpp, it's, Long, there's Organizations: Service, Panama City, Central, Business, Hamptons, Sante Locations: Panama, New Mexico, Long Island, Panamanian, Colombia, Thailand, St, Maarten, Long, Sante Fe, Santa Fe, Central America, Costa Rica, Belize, Ontario, Canada
Imports coming to the U.S. from China are experiencing a notable increase, according to new trade and logistics data. The first half of 2024 is expected to total 11.7 million TEUs (twenty-foot equivalent units), an increase of 11% from the same period last year. In 2023, imports were down from 2022 by almost 13%, totaling 22.3 million TEUs. By comparison, New York/New Jersey processed 7.81 million TEUs, Georgia 5.4 million TEUs, Virginia at 3.3 million TEUs, Charleston 2.5 million TEUs, Jacksonville 1.3 million TEUs, and Miami 1.25 million TEUs. The other reason for the recent container push is fears of a labor strike at East Coast and Gulf ports.
Persons: John Gold, Francis Scott Key, Jason Hilsenbeck, Drayage.com, Paul Brashier, Brashier Organizations: Future Publishing, Getty, Global, National Retail Federation, Hackett Associates, Francis Scott Key Bridge, Miami, ITS Logistics, CNBC, Baltimore, West Coast, U.S ., Port / Railroad, Longshoremen's Association, United States Maritime Alliance Locations: Taicang, Jiangsu province, China, U.S, Panama, Port of Baltimore, East Coast, New York, New Jersey, Georgia, Virginia, Charleston, Jacksonville, Port of Virginia, Norfolk, Baltimore, NY, NJ, Norfolk and New York, West, West Coast North, U.S . East Coast, West Coast, Los Angeles, Long Beach, Long, Gulf, East
A Key Bridge Response 2024 Unified Command image of response crews remove shipping containers using a floating crane barge after the cargo ship Dali struck and collapsed the Francis Scott Key Bridge, on April 7, 2024 in Baltimore, Maryland. CSX was the first rail to start a rail service for diverted containers resulting from the accident and closure of the Port of Baltimore. Once the Dali is refloated and no longer listing, tugs will move the vessel to the CSX terminal at the Port of Baltimore. "Once you see plans of moving the Dali away from the port, that's when you know the channel is ready to be open," Roth said. The size of vessels the Coast Guard is allowing is 96 feet in length, compared to the 984-foot-long Dali, the vessel that struck the Francis Scott Key Bridge after losing navigational control and destroyed the key piece of infrastructure.
Persons: Dali, Francis Scott Key, JIC, Aaron Roth, Roth Organizations: Bethlehem Steel, Unified Command, Synergy Marine, U.S . Coast Guard, U.S . Army Corps of Engineers, Maryland Department of, Environment, Maryland Transportation Authority, Maryland State Police, Center, CNBC, Port, CSX, Coast Guard, Chertoff Group, Guard, Francis Scott Key Bridge, Department of Defense, Dover Air Force Base Locations: Baltimore , Maryland, Baltimore Harbor, Baltimore, Port of Baltimore
The Economic Paradox of the Biden Presidency
  + stars: | 2024-04-06 | by ( Bernhard Warner | ) www.nytimes.com   time to read: +1 min
The paradox is that there is no guarantee that the jobs boom will keep Biden in the White House beyond November, completely scrambling the adage “It’s the economy, stupid” that wins elections. For 39 straight months, employers have added jobs despite many predictions that the United States was destined for a recession. The latest data released Friday overshot analysts’ expectations by a huge margin, with employers adding 303,000 jobs. That takes the tally over the past 12 months to more than 2.8 million hires — and economists expect the upward course to continue. “We do think there’s still room for growth” into next year, Jeremy Schwartz, a senior U.S. economist at Nomura, told DealBook.
Persons: Biden, Port, , Jeremy Schwartz, DealBook Organizations: Labor, Nomura Locations: U.S, White, United States, Ukraine, Gaza, Panama, Red Sea, Port of Baltimore
CNN —Oman’s capital of Muscat is set to get an expansive $1.3 billion waterfront development, designed by globally renowned Zaha Hadid Architects (ZHA). The 3.3 million square-meter Al Khuwair Muscat Downtown and Waterfront development will include a residential complex, a marina, a cultural district, numerous canal walkways and a ministerial campus. ZHA’s associate director, architect Paolo Zilli, told CNN he spent around a year finalizing the model he presented to Oman’s Ministry of Housing and Urban Planning. In Muscat, the population is projected to increase from 1.5 million to 2.7 million by that year. “There are a lot of changes,” Dr. Khalfan bin Saeed bin Mubarak al-Shueili, Oman’s Minister of Housing and Urban Planning, told CNN.
Persons: CNN —, Zaha Hadid, Paolo Zilli, , ZHA, Khalfan bin Saeed bin Mubarak, Organizations: CNN, Oman’s Ministry of Housing, Urban Planning, Oman Ministry of Housing, Urban, Oman’s, Housing, , Zaha Hadid Architects, Guangzhou Opera House, United, United Arab Emirates Locations: Muscat, Khuwair Muscat Downtown, Oman, , Guangzhou, China, Wolfsburg, Germany, Sharjah, United Arab
On its busiest days, Venice swells with tourists who clog the city’s narrow streets, leave behind piles of garbage and often frustrate locals. So the canal-crossed city is fighting back. All visitors to Venice will also have to register their presence in the city on the specified days, filling out an online form that will help officials gauge how many visitors to expect and strategize about how to handle them. “It’s not about making money — the costs of the operation are higher than what we’re going to make,” Mayor Luigi Brugnaro told reporters on Thursday as Venetian officials kicked off a global advertising campaign. Instead, said Michele Zuin, the city official in charge of budgeting and economics, the aim is “to better manage the numbers of tourists and disincentivize mass tourism, which is what creates, let’s say, the difficulty of living in this city.”
Persons: “ It’s, Luigi Brugnaro, Michele Zuin Organizations: Locations: Venice
It has been a week since the Dali, a container ship, struck the Francis Scott Key Bridge in Baltimore. It’s still stuck there, and the images remain amazing, in part because the vessel is so huge compared with what’s left of the bridge. And with the ship and pieces of the bridge blocking the harbor entry, the Port of Baltimore remains closed. Well, it would have been quite a big deal if it had happened in late 2021 or early 2022, when global supply chains were under a lot of pressure. The Dali is no Ever Given, the ship that blocked the Suez Canal when it ran aground in 2021.
Persons: Dali, Francis Scott Key, It’s, what’s, Dali Baltimore Locations: Baltimore, Port, Los Angeles, Dali, East Coast, Suez
Bruch is one of the largest individual FTX creditors and has been tapped by the US Department of Justice to serve as one of nine on the FTX Creditors’ Committee, where he is working to recoup the funds lost by customers. DOJ-appointed creditor committees ordinarily consist of people and companies who hold the seven largest unsecured claims against the debtor (in this case, FTX), according to the agency. Before the Bell spoke with Bruch about Sam Bankman-Fried, FTX, MyPrize and the future of crypto. I feel for all of the creditors and am doing everything I can to help recoup what was taken from us. I’ve worked at some of the largest crypto trading desks in the world and then also started trading my own book of capital and grew to become one of the largest individual crypto traders.
Persons: Sam Bankman, Fried, Zach Bruch, Bruch, MyPrize, Bell, Sam Bankman Fried, , , Sam Bankman Fried’s, Bitcoin, I’ve, Elisabeth Buchwald, Jerome Powell wasn’t, ” Powell, Powell, Christopher Waller, Evan Gershkovich, Evan Gershkovich’s, Radina Gigova, Anna Chernova, Antonina Favorskaya, Alexey Navalny, Favorskaya, Gershkovich Organizations: CNN Business, Bell, New York CNN, US Department of Justice, , DOJ, Arrington Capital, Department of Justice, Federal, Commerce Department, San Francisco Fed, ” Fed, CNN, Wall Street Locations: New York, Russia, Yekaterinburg
Opinion: Trump videos send wildly different messages
  + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com   time to read: +19 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.
Persons: Matthew Arnold, Homer, King James, Donald Trump, , Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, , ” Clay, , Obama, “ Obama, CNN Trump, , Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, , Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, , ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, , Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia
But with the market at an all-time high, now is probably a good time to hedge against potential downside, experts say. That's especially the case because there's an elevated degree of risk facing stocks, and the cost of some insurance measures is historically cheap. Related storiesThe S&P 500 also looks overextended on a technical basis, according to many measures. AdvertisementRosenberg Research"The definition of a stretched market is one when the S&P 500 gaps 14% or more above the 200-day trendline. Beyond extreme, in fact — back to 1928, the S&P 500 has only drifted this far above the moving average 7% of the time," Rosenberg said.
Persons: Jim Smigiel, they've, Louis Fed, Phillip Colmar, Colmar, David Rosenberg, Rosenberg, Steve Sosnick, we're, Smigiel, Sosnick Organizations: Service, Nvidia, Microsoft, Bank of America's, Survey, Bank of America, SEI, Fed, Louis Fed Inflation, MRB Partners, Rebels, Rosenberg Research, Interactive Brokers Locations: Ukraine, Russia, Israel, Palestine, Suez
Each year about 90% of world trade is transported by ship, according to the World Economic Forum. With its fleet of over 670 vessels, Maersk , one of the world's largest shipping companies, transports about one in five of those containers. The company logged record profits in 2022 due in part to pandemic-induced buying and higher freight rates. It also chartered the vessel that crashed into the Francis Scott Key Bridge in Baltimore earlier this week. CNBC examines the issues facing Maersk, and its rivals Hapag-Lloyd and MSC, and looks at how the company is trying to transition for future growth.
Persons: Francis Scott Key Organizations: Economic, International Longshoremen's Association, CNBC, Maersk, Hapag, Lloyd, MSC Locations: Panama, North America, Baltimore
The Dali Is a Big Ship. But Not the Biggest.
  + stars: | 2024-03-28 | by ( Ella Koeze | ) www.nytimes.com   time to read: +4 min
Empire State Building Approximate width 1,454 feet long MSC Irina Biggest container ship in the world 200 feet wide 24,346 containers 1,312 feet Ever Max Biggest container ship to sail into Baltimore 167 feet 15,432 containers 1,201 feet Eiffel Tower 410 feet 1,083 feet Dali 157 feet 9,971 containers 984 feet Container ship of the 1970s ~2,500 containers 66 feet 705 feet Football field Shapes are approximate. 160 feet 360 feet Empire State Building Approximate width 1,454 feet long MSC Irina Biggest container ship in the world 24,346 containers 200 feet wide 1,312 feet Ever Max Biggest container ship to sail in the Port of Baltimore 15,432 containers 167 feet 1,201 feet Eiffel Tower 410 feet 1,083 feet Dali 157 feet 9,971 containers 984 feet Container ship of the 1970s ~2,500 containers 66 feet 705 feet Football field Shapes are approximate. 160 feet 360 feet 1,454 ft. 1,312 ft. 1,201 ft. 1,083 ft. 984 ft. 24,346 containers 705 ft. 15,432 containers 9,971 containers ~2,500 containers 360 ft. 66 ft. 200 ft. 167 ft. 410 ft. 157 ft. 160 ft. Approximate width Empire State Building MSC Irina Biggest container ship in the world Ever Max Biggest container ship to sail into Baltimore Eiffel Tower Dali Container ship of the 1970s Football field Sources: “The Geography of Transport Systems,” by Jean-Paul Rodrigue; VesselFinder; the Empire State Building; the Eiffel Tower; ShipHub; Maryland Port Administration Note: Widths shown are for the widest point for each ship.
Persons: Dali, Jean, Paul Rodrigue, Francis Scott Key, Theo Notteboom, Athanasios Pallis, , Rodrigue, Organizations: ., Eiffel, Transport Systems, Empire, Francis Scott Key Bridge, Container, Port Economics, Management, Eastern Seaboard, Texas, M University, Galveston, Baltimore . Locations: Baltimore, Port, ShipHub, Maryland, Panama, Eastern U.S, Suez
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