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☆ All 61 people aboard plane killed in Brazil crash
▼ + stars: | 2024-08-10 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

The airline said it did not have any information on how the plane crashed. The plane, flight 2283, fell in the city of Vinhedo, Voepass Linhas Aéreas said. Fire and smoke from a plane that crashed by a home in Vinhedo, Sao Paulo state, Brazil, Friday. Felipe Magalhaes Filho / via APResponders near the site of the crash in a residential area of Vinhedo, Brazil on Friday. APTNResponse teams have been mobilized in the neighborhood where the plane crashed.

Persons: Paulo, Voepass, São Paulo, Luiz Inácio Lula da Silva, Linhas Aéreas, Felipe Magalhaes Filho, APTN, Brazil's Organizations: Guarulhos, Firefighters, U.S . National Transportation Safety Board, Federal Aviation Administration, NTSB Locations: Brazil, Cascavel, Paraná, São, Vinhedo, Sao Paulo state, Europe

☆ 48-year-old founded 'Moms on Mushrooms' to share the practice of microdosing for mental health
▼ + stars: | 2024-08-10 | by ( Renée Onque | ) www.cnbc.com time to read: +10 min

Tracey Tee founded Moms on Mushrooms, a platform where moms can discuss, both online and in person, their interest and experiences with microdosing psilocybin mushrooms. "Some girlfriends invited me to a camping trip that summer [in 2020] to just camp out with some moms," Tee says. She lives in Colorado where psilocybin mushrooms are legal to grow, use and share. So, Tee sought out an alternative solution for managing her mental health as she began to wean herself off the SSRI: microdosing psilocybin mushrooms. Moms on Mushrooms is the platform Tee created for moms to discuss their interest and experiences with psilocybin mushrooms.

Persons: Tracey Tee, Tee, that's, wean, Tee wasn't, Microdosing, microdosing, Louis, Joshua Siegel, Siegel Organizations: Lancet, Facebook, CNBC, Washington University School of Medicine, Washington University, NYU Langone Health, Center, Psychedelic Medicine, Psychedelic Locations: Colorado, St

There, he told a story of a helicopter ride with former San Francisco Mayor Willie Brown that Mr. Brown denies. “It was Willie Brown,” Mr. Trump, who spent much of the last year hoping to make gains with Black voters, posted. Ms. Res, who also spoke to Politico, recalled that Mr. Trump liked to say that Mr. Holden had “turned white” from fear, but that it was actually Mr. Trump whose face was ashen. Mr. Brown told him he had never been in a helicopter with Mr. Trump. “He was not fan of hers very much, at that point,” Mr. Trump said.

Persons: Donald Trump, Willie Brown, Brown, Donald J, Trump, Witnesses ”, ” Mr, Willie doesn’t, Mr, Nate Holden, Donald, Ivana Trump, Holden, Taj, Trump’s, Robert, Barbara Res, “, wasn’t, ”, ‘, “ Donald, Res, “ ‘, ‘ Willie, “ Willie, anybody’s, Kamala Harris’s, Carlos Avila Gonzalez, Harris Organizations: Lago, San Francisco, Black, The New York Times, The Times, Ambassador, . Credit, Politico, Taj Mahal, Mr, Atlantic City, Trump, Trump . Credit, San Francisco Chronicle, Associated Press Locations: Black California, San Francisco, California, Black, Los Angeles, New Jersey, Holden’s, Manhattan, Atlantic City, N.J, Linden , N.J, Trump ., Alameda County, Oakland

☆ What We Know About the Plane Crash in Brazil
▼ + stars: | 2024-08-10 | by ( John Yoon | ) www.nytimes.com time to read: 1 min

A passenger plane carrying 61 people crashed on Friday outside São Paulo, Brazil. The plane crashed in the yard of a home, but it did not hit any residences and no injuries were reported among people on the ground, officials said. Here is what we know about the crash:The plane was on its way to São Paulo. It was headed east to Guarulhos airport, just outside São Paulo. For about a minute, the transponder reported losing altitude at a rate of between 8,000 feet and 24,000 feet per minute, the company said.

Persons: São, São Paulo Locations: São Paulo, Brazil, Cascavel, Guarulhos

☆ Markets just had the most volatile week since the pandemic outbreak — What we learned
▼ + stars: | 2024-08-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

A wild week of trading on Wall Street ended with the S & P 500 back roughly where it started, but the lessons learned by whipsawed investors over those five days could determine what happens next. The S & P 500 had its worst day since 2022 on Monday, and then its best since 2022 on Thursday. But with the S & P 500 ending the week down less than 0.1% in a calm session on Friday, the market seems to have stabilized. .SPX 5D mountain The S & P 500 finished the week nearly flat. And I think that has to do with investors really being a little bit skeptical about some of this equity market volatility."

Persons: Tim Hayes, Ned Davis, Gennadiy Goldberg, didn't, Jeremy Schwartz, Peter Berezin, aren't, Wellington, Frank Gretz, RJ O'Brien, Tom Fitzpatrick, Fitzpatrick Organizations: Wall, Treasury, Ned, Ned Davis Research, TD Securities, CNBC, Japan —, Nikkei, Bank of Japan, BCA Research, Wellington Shields, Associates Locations: Japan

☆ What Caused a Plane to Fall From the Sky in Brazil?
▼ + stars: | 2024-08-10 | by ( Jack Nicas | Ana Ionova | ) www.nytimes.com time to read: 1 min

Brazilian investigators on Saturday began analyzing the black boxes from a São Paulo-bound flight to try to understand why the passenger plane fell from 17,000 feet on Friday, in a crash that killed all 62 on board. But to aviation experts around the world who watched the videos showing the 89-foot plane spinning slowly as it plummeted before crashing almost directly on its belly, the question of what had happened was simple to answer: The plane had stalled. In other words, the plane’s wings had lost the lift needed to keep the aircraft aloft, causing it to stop flying and start falling. “You can’t get into a spin without stalling,” said John Cox, an airline pilot for 25 years who now aids plane crash investigations. “It’s A plus B equals C.”

Persons: ”, John Cox, “

☆ The latest stock market crash wasn't a fluke, and it signals more trouble coming for the economy, investor Mark Mobius says
▼ + stars: | 2024-08-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The recent sell-off in stocks could be a warning sign for what's coming for the economy, Mark Mobius said. If you look at the money supply growth in America, it is very low now," he said. We have more problems in the US and, that will affect the global situation unless the money supply is increased much more than it is now." Disruptions in the stock market are usually the signal "before the actual economic effects are seen," he added. A full-fledged bear market is unlikely, Bank of America said, as the market isn't flashing technical signals that would suggest a peak in stock prices.

Persons: Mark Mobius, Mobius, —, Monday's, Stocks Organizations: Economic, Service, Mobius Capital, Bank of Japan, Economic Times, Fed, Bank of America Locations: Japan, America

☆ Florida residents should flee to these 2 popular states before climate change decimates home values
▼ + stars: | 2024-08-10 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Although steadily rising global temperatures and their effects are increasingly hard to ignore, Burt believes they're not yet factored into property values. Flood insurance costs will skyrocket since they're severely underpriced to climate risk, his research indicates. Related stories"I think that there's a lot of pent-up supply from folks, particularly who are being exposed to these ownership cost increases away from mortgage rates," Burt said. They'll then be prepared to either bear the burden of higher insurance costs, or sell. AdvertisementUnlike Ivy Zelman, who's another analyst with a knack for spying issues in the housing market, Burt doesn't think the Midwest is the best region for beach-dwellers to flee to.

Persons: David Burt, who's, Burt, they're, Ivy Zelman, Burt doesn't Organizations: Service, Business Locations: Georgia, Florida, New York

michelle goldbergI mean, I’m a huge Walz fan, and I was worried. ross douthatSo, yeah, I mean, I’m having made the case that this pick makes sense in vibes terms. michelle goldbergYeah, I don’t think that he necessarily overperforms among conservative voters strictly defined. You don’t think that there’s a part of the country that just finds joy like a really refreshing change? I’m going there.

Persons: ross douthat I’ve, Bon Iver, Taylor Swift, I’ve, michelle cottle Oh, ross douthat, michelle goldberg, michelle cottle, Vance, I’m Michelle Cottle, Ross Douthat, Ross, Michelle Goldberg, Michelle, Harris, Kamala — Kamala — michelle goldberg Kamala, nomenon, Kamala, Chappell Roan, I’m, Frenchman, we’ll, Kamala Harris, Tim Walz, Josh Shapiro, it’s, Donald, JD Vance, Donald Trump, Biden, Walz, Sarah Longwell, Shapiro, Trump, ross douthat Let’s, It’s, that’s, John Fetterman, we’ve, Michelle Cottle, relatability, Jared Golden, Joe Manchin, Mary Peltola, —, Bernie, you’ve, who’s, Josh Shapiro doesn’t, don’t, you’re, Shapiro wasn’t, JB Pritzker, The New York Times ”, here’s Shapiro, Netanyahu, Donald Trump’s, John Kerry, — ross douthat, “, we’re, Bone, michelle goldberg Ross, George Floyd’s, there’s, George Floyd, That’s, It’s Trump, michelle cottle Ross, Joe Biden, Hillary Clinton, ross, hadn’t, “ Trump, MAGA, michelle cottle It’s, he’s, she’s, Tucker Carlson, — michelle cottle, ross douthat —, doesn’t, chameleons, He’s, McKay Coppins, it’s Kamala, Sarah Palin’s, John McCain, Mike Pence, Dick Cheney, George W, ”, michelle cottle “ Sunny, ” ross douthat, Rashida Jones, — ross, ” michelle goldberg, michelle cottle Juicy, “ Severance, michelle cottle Nice Organizations: “ New York, Minnesota, Twitter, Republican, Trump, Democratic, America, Democratic Party, Dartmouth, Biden, The New York Times, Bone Spurs, Vance, Republicans, Air Force, Atlantic, Democrat Locations: Tay, “, Pennsylvania, Brooklyn , New York, Wisconsin, San Francisco, relatability, America, Maine, Alaska, California, Israel, Palestine, Minnesota, Italy, Minneapolis, Afghanistan, Ukraine, Trump, United States, Michelle, Kyoto, Japan

☆ The 3 worst things about being an Uber or Lyft driver
▼ + stars: | 2024-08-09 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

In the second quarter of this year, Uber drivers completed 2.2 billion trips across the company's ride-hailing and delivery platforms; Lyft drivers completed roughly 200 million trips. Avedian shared what he considers to be the top concerns of Uber and Lyft drivers: declining pay, driver safety, and wrongful deactivations. An Uber spokesperson told BI that drivers, on average, make more than $30 an hour while active in the app. AdvertisementGeorge, a full-time Uber driver in Cleveland who has driven since 2017, said he wants to quit but has few other options. AdvertisementJulie, a part-time Uber driver in Cleveland, hasn't always felt safe during her five years in the gig economy, she previously told BI.

Persons: —, Lyft, Sergio Avedian, Guy, Uber, Dara Khosrowshahi, Avedian, David Risher, George, Julie, hasn't, Aaron Lavender, Lavender Organizations: Service, Business, Wall, Wednesday, Drivers, BI, UC Berkeley, Uber, Lyft Locations: Cleveland, Colorado, Oregon

☆ 'There's a reckoning happening': An underrated risk will crater property values in high-risk markets by up to 60%
▼ + stars: | 2024-08-09 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

That's made Burt even more confident about his long-held thesis, which many property owners are ignoring. For example, flood insurance costs in coastal cities could rise from $5,000 per year to $15,000 under the updated national flood insurance pricing set by the Federal Emergency Management Agency (FEMA), Burt said. And that's assuming flood risk doesn't continue to rise over time, which Burt believes is unlikely. That would be disastrous for all property owners in those markets, even those not trying to sell. Homeowners in cities most vulnerable to the effects of climate change should be sweating, if they aren't already.

Persons: David Burt, Michael Lewis, Burt, That's, I'm, it's Organizations: Service, Business, Federal Emergency Management Agency, FEMA Locations: Lee County , Florida, Fort Myers, Paris, that's

CNN —A passenger plane carrying 61 people crashed outside São Paulo on Friday afternoon, killing everyone on board, according to a statement issued by airline Voepass. All of the passengers had Brazilian documents, airline officials said, though it’s not yet clear if any had dual citizenship. A plane is seen falling out of the sky into the city of Vinhedo, Brazil, on August 9, 2024. A man who missed the flight told Brazilian news outlet Globo that at least 10 people were waiting at the wrong gate and missed the flight before it took off. When they realized they were at the wrong gate, the passengers begged the airport employees to let them board the plane but were told they could not.

Persons: São, ” Voepass, it’s, Eduardo Busch, ” Busch, Guilherme Derrite, ”, São Paulo, Luiz Inácio Lula da Silva, “, CNN’s Julia Vargas Jones, Marcelo Moreno, CENIPA, you’re, ’ –, ‘, ’, CNN’s Isa Soares, Tatiana Arias, Pam Boykoff, Marcelo Medeiros, Lex Harvey Organizations: CNN, São Paulo, Voepass, Legal, Brazil Air Force, Busch, Brazilian Aeronautical Registry, ATR, CNN Brasil, Passengers, Brazilian, Globo Locations: Vinhedo, Brazil, Brazilian, Parana, Guarulhos, São Paulo, Campinas, São, Private, European

☆ A plane crashed in a Brazil neighborhood, with all aboard feared dead
▼ + stars: | 2024-08-09 | by ( Grace Eliza Goodwin | Conz Preti | ) www.businessinsider.com time to read: +1 min

A passenger plane carrying 62 people crashed in São Paulo, Brazil on Friday, the AP reported. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA passenger plane carrying 62 people has crashed in the Brazilian state of São Paulo, the airline Voepass confirmed in a statement on its website.

Persons: It's, —, São Paulo Organizations: AP, Service, Business Locations: São Paulo, Brazil, Brazilian, São, Cascavel, Vinhedo

☆ Nice guys finish first: 7 secrets to success at Blackstone, according to a campus recruiter, a former intern, and other firm insiders
▼ + stars: | 2024-08-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

This summer, Gray addressed Blackstone's summer interns about how they might advance at the firm, according to a recent LinkedIn post. AdvertisementBut how exactly does one go about being "nice" at Blackstone? Here's how to succeed at Blackstone, according to three executives, an ex-intern, and public comments made by top leaders including Gray and Schwarzman. "Steve Schwarzman always says it is just as easy to hire a smart, nice person as a smart, not nice person," Ross told BI. That's just not who we are as a firm," Ross said, adding, "We think investing's a team sport."

Persons: —, Jon Gray, Blackstone, Gray, Steve Schwarzman, that's, Morgan Stanley, Thomson, Schwarzman, Lehman, we'll, Paige Ross, Blackstone Paige Ross, niceness, Ross, That's, Marshall Plumlee, Plumlee, Marshall Plumlee dunking, Mark J, Terrill, Marshall, Jahlil, you've, it's, Peter Peterson, Jeenah, they're, They're, Taylor Kanfer, we're, Kanfer, Joe Zidle, Blackstone . Blackstone Zidle, Zidle Organizations: Service, Business, Blackstone, Blackstone —, Lehman Brothers, Thomson Reuters, Duke University's, NBA, New York Knicks, Milwaukee Bucks, Associated Press, Duke, 75th Ranger Regiment, Army, LinkedIn, Veterans Network, Blackstone . Locations: Blackstone, New York, Manhattan, Afghanistan

☆ A guide to the wild week of trading, from Monday's 'flash crash' to the yen to the volatility spike
▼ + stars: | 2024-08-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

.VIX YTD mountain Cboe Volatility Index in 2024 That is literally what the VIX measures: expectations for volatility over the next 30 days. Was Monday a 'flash crash'? A "flash crash" is a sudden and severe price drop that lasts for a very short period, usually a few hours. "It appears that the sell-off of August 5th qualified as a flash crash, although it was rather modest by historical standards," he told me. During the 1987 flash crash, Higgins said an investor was trying to orchestrate trades on the phone while he was preparing to go to his relative's funeral.

Persons: Jamie Dimon, Alec Young, haven't, Mark Higgins, Higgins Organizations: Bank of Japan, Yen Trust, JPMorgan Chase, Fund, Dow Jones Locations: Japan, backwardation

☆ Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
▼ + stars: | 2024-08-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

DORA requires banks, insurance companies and investment to strengthen their IT security. The EU regulation also seeks to ensure the financial services industry is resilient in the event of a severe disruption to operations. These IT providers often deliver "critical digital services to customers," said Joe Vaccaro, general manager of Cisco-owned internet quality monitoring firm ThousandEyes. This has made banks and other financial services providers more vulnerable to cyberattacks and other incidents. DORA will focus more on banks' digital supply chain — which represents a new, potentially less comfortable legal dynamic for financial firms.

Persons: DORA, DORA —, Charles Schwab —, Mike Sleightholme, Joe Vaccaro, Banks, Vaccaro, Sleightholme, it's, Carl Leonard, Leonard, Stephen McDermid, Okta, Fredrik Forslund, Blancco, there's, Forslund Organizations: Getty, Financial, European Union, CNBC, JPMorgan Chase, Santander, Visa, Broadridge, Cisco, EU, Data Locations: European, EU, DORA, noncompliance

☆ Delta lashes out at CrowdStrike for its ‘vastly inadequate’ apology
▼ + stars: | 2024-08-08 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

Boies, hired to lead Delta’s lawsuit against CrowdStrike, said the tech company was “grossly negligent” and was solely responsible for the outage. But Boies called Delta’s IT systems “world class” and claimed Delta’s outage lasted longer because it was so heavily reliant on CrowdStrike and Microsoft. He also disputed the companies’ claims that Delta turned down help and worked around the clock to bring Delta back online. “CrowdStrike also did not work “tirelessly” to help Delta restore its systems,” Boies said. CrowdStrike said Delta ignored its help, and Microsoft said Delta’s mismanagement contributed to the cancellations.

Persons: Delta’s, David Boies, CrowdStrike, Delta, Boies, ’ ”, misstatements, ”, ” Boies, “ CrowdStrike, “, “ CrowdStrike’s, George Kurtz, David DeWalt, DeWalt, Ed Bastian, ” Bastian Organizations: CNN, ” Delta, Microsoft, Delta, LinkedIn, CNBC, “, US Department of Transportation Locations: Delta

☆ Yen dives as BOJ plays down chance of hikes, soothing markets
▼ + stars: | 2024-08-07 | by ( ) www.cnbc.com time to read: +2 min

A Japanese 10,000 yen and a U.S. 100 dollar banknote juxtaposed against each other in Tokyo, Japan, on Monday, June 20, 2016. The yen dropped on Wednesday after an influential Bank of Japan official played down the chances of a near-term rate hike, soothing investors' concerns that a further jump in the Japanese currency could again rock global markets. The yen fell around 2.5% to a session low of 147.94 per dollar following the comments from BOJ Deputy Governor Shinichi Uchida. "I think it's become increasingly clear that the BOJ hawkish turn last week could be a policy error," said Alvin Tan, head of Asia FX strategy at RBC Capital Markets. The yen's decline was broad based, with the Mexican peso, New Zealand dollar and Australian dollar - all carry trade candidates - surging against the currency.

Persons: Shinichi Uchida, Uchida, Kazuo Ueda's hawkish, it's, Alvin Tan, inching, Rong Ren Goh Organizations: Bank of Japan, Asia FX, RBC Capital Markets, U.S, Eastspring Investments, New Zealand Locations: U.S, Tokyo, Japan, Asia

☆ In an oversaturated market for AI companies, these startups have the best shot at surviving
▼ + stars: | 2024-08-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Investors highlighted their portfolio companies and startups they had no financial ties to. Leena Rao, who oversaw the list and leads BI's VCs and startups team, estimated about 80% of the startups included are focused on AI. AdvertisementiStock; BIAs differentiated as AI startups try to be, the market has undeniably become oversaturated. Big Tech reform is coming, but Washington won't be the one doing it. Congress can't or won't act, so people who want Big Tech companies to change their ways are trying to do it through the courts .

Persons: —, Kamala Harris, Tim Walz, Here's, Kimberly White, Chelsea Jia Feng, Leena Rao, BI's, That's, It's, Arindam Sandilya, Paul Dietrick, Oppenheimer, John Stoltzfus, Jenny Chang, Rodriguez, Adam Mosher, Mosher, YouTube's, Jimmy Donaldson, Alyssa Powell, Elon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Boldstart Ventures, TechCrunch, Healthcare, Getty, JPMorgan, FX, UBS, BI Prosecutors, Big Tech Locations: Minnesota, we're, Washington, New York, London

☆ JD Vance said migrants are the reason it's so expensive to rent or buy homes. He's wrong.
▼ + stars: | 2024-08-07 | by ( Alcynna Lloyd | Eliza Relman | ) www.businessinsider.com time to read: +5 min

With ongoing affordability challenges exacerbated by high interest rates and inflated home values, housing is a major concern for Americans across the political spectrum. "When I talk to Americans, one of the biggest concerns I hear is, 'Why are housing costs so high?' In the past, Vance has blamed the housing affordability crisis largely on high interest rates. Many economists disagree with Vance's argument about the source of the housing affordability crisis and his solution to it. They've also blamed the current administration for relatively high interest rates, which are determined by the independent Federal Reserve and designed to control inflation.

Persons: —, JD Vance, Vance, Sean Hannity, Kamala Harris, Daryl Fairweather, Fairweather, hasn't, Ned Davis, There's, Donald Trump's, Biden, Harris, They've Organizations: Service, Fox News, Republican, Business, Federal Reserve, Ned Davis Research, Trump Locations: Ukraine

☆ A man rapidly lost weight on a popular weight-loss drug. After 6 months, he was hospitalized with heart problems and confusion.
▼ + stars: | 2024-08-07 | by ( ) www.businessinsider.com time to read: +4 min

Read previewSix months after he started taking a weight-loss drug, a 62-year-old man was hospitalized with heart palpitations, tremors, confusion, fever, and sweating. The man, from Colorado, had been prescribed the drug tirzepatide (the active ingredient in Mounjaro and Zepbound) to lose weight. Over time, the patient decreased his insulin dose as he lost weight, but didn't change his thyroid medication. This highlights the potential risks of losing weight too quickly, and the need for medical supervision while using the drugs, they said. AdvertisementOzempic and Wegovy, brand names for semaglutide showed weight loss of about 15% over a similar time period.

Persons: —, Barbara Davis, they've Organizations: Service, Business, Barbara, Barbara Davis Center, Diabetes, University of Colorado, FDA Locations: Colorado

☆ Nikkei 225: Asian markets make solid gains following global rout
▼ + stars: | 2024-08-07 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Asian markets made solid gains Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The gains follow days of volatility, which saw the Nikkei suffering Monday its biggest daily loss since 1987. “We won’t raise interest rates when financial markets are unstable,” he was quoted as saying in a speech to executives in the northern Japanese city of Hakodate. The central bank has hiked interest rates twice this year in a bid to contain inflation. Decades of extremely low interest rates in Japan had seen many investors borrow cash cheaply there before converting it to other currencies to invest in higher-yielding assets.

Persons: Shinichi Uchida, Kospi, Hong, Taiex, Uchida, ”, Olesya Organizations: Hong Kong CNN, Nikkei, Bank of Japan, US, Dow, Nasdaq Locations: Hong Kong, Asia, South, Hakodate, “, Japan, Europe, London

☆ 9 dead after SUV crashes into canal in Florida
▼ + stars: | 2024-08-06 | by ( Mike Gagliardi | Mike Gagliardi Is A Researcher With The Nbc News Network Desk. | ) www.nbcnews.com time to read: +1 min

Nine people are dead after a driver crashed into a canal Monday night in western Palm Beach County, officials said. According to a crash report from the Palm Beach County Sheriff’s Office, the driver failed to negotiate a left curve, resulting in the 2023 Ford Explorer veering onto the grass shoulder and hitting the guardrail before finally overturning into the canal. Palm Beach County police officers on the scene of the crash on Monday night. WPTV“We have one survivor for a total of 10 victims,” the sheriff’s office said. NBC Affiliate WPTV of West Palm Beach is reporting that babies were among the victims.

Persons: WPTV Organizations: Office, Belle Glade , Florida . Police, St, NBC, Police Locations: Palm Beach County, Beach, Belle Glade , Florida, Palm Beach, Mary’s, West Palm

Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. The Bank of Japan raising rates to their highest level since 2008 on July 30 caused the yen to strengthen to a seven-month high, pressurizing stocks. Markets globally were also spooked by fears of a U.S. recession stoked by a weaker-than-expected jobs report. Real wages in Japan also grew 1.1% in June compared with a year ago, the first time that wages have risen in 26 months. Strong wage growth offers more room for the Bank of Japan to tighten its monetary policy.

Persons: Topix, Korea’s Kospi, Hong, Australia’s, Brent, Dow Organizations: Nikkei, Bank of, Softbank Group Corp, U.S ., South Korean, Samsung Electronics, chipmaker SK Hynix, China’s CSI, . West Texas, Bank of Japan, Reserve Bank of Australia, Dow, Nasdaq Locations: Japan, Asia, Pacific, Bank of Japan, U.S

Mark Cheffo, a Dechert partner representing Microsoft, sent a letter Tuesday to attorney David Boies of Boies Schiller Flexner. Boies represents Delta and had sent letters on behalf of the airline to CrowdStrike and Microsoft. Cheffo wrote in his response that Microsoft empathizes with Delta and its customers on the impact of the CrowdStrike incident. Cheffo wrote that Microsoft offered to help Delta for free. Cheffo described a letter on July 22, from Microsoft to a Delta employee, offering help.

Persons: Ed Bastian, CNBC's, Mark Cheffo, David Boies, Boies Schiller, Boies, Hossein Nowbar, Cheffo, Delta, Satya Nadella, Bastian, CrowdStrike, George Kurtz Organizations: Microsoft, Delta Air Lines, Delta, IBM, Web Services Locations: Boies, Delta, Atlanta

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