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☆ Stocks making the biggest moves premarket: Nio, Stellantis, MicroStrategy and more
▼ + stars: | 2024-09-30 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nio – U.S.-listed shares surged more than 13% after the Chinese electric vehicle maker announced it will receive a cash injection of 13.3 billion yuan for its Nio China. "Strategic investors" will provide 3.3 billion yuan of that injection, with the rest coming from Nio Inc. The transactions, which are expected to be completed by the end of this year, will reduce Nio Inc.'s stake in Nio China to 88.3%, down from 92.1%. This also spurred a broader rally among China stocks, which saw their best day of trading since 2008 . Rocket Lab – Shares rose more than 3%, extending the more than 12% gains seen during Friday's session.

Persons: Nio, Ford, Alibaba, Stocks, bitcoin, Coinbase, MicroStrategy, Bitcoin, —, Lisa Kailai Han, Sarah Min, Tanaya Macheel Organizations: Nio Inc, KeyBanc, CVS, Street Journal, Glenview Capital Locations: Nio –, China, Glenview, East, Gulf Coast

☆ Hurricane Helene: Local broadcasters become lifeline for hard-hit N.C. communities
▼ + stars: | 2024-09-30 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

With some ground-based communications in tatters from the storm, Starling said the stations had resorted to using SpaceX’s satellite internet service Starlink to remain online. In the wake of the storm, WWNC and other local news outlets region produced indispensable service journalism as communities reeled from the disaster. During WWNC’s marathon live broadcast, listeners were urged to keep the faith and have patience, since the recovery effort will take weeks. Wilson told CNN, “We’ve had people calling all day long trying to locate other people.”Starling said the radio network’s live coverage began on Thursday as Helene approached Florida’s Gulf Coast. We’re all neighbors.”Starling laughed on air about looking forward to seeing his local Amazon delivery driver once again.

Persons: Paul, ” Paul, iHeart, Mark Starling, ”, Starling, Eddie Foxx, Ashley Wilson, Wilson, couldn’t, Helene, ” Foxx, Foxx, “, “ We’ve, ” Starling, hadn’t, We’re, Mark, Apple Crisp, ” Wilson Organizations: CNN, Radio, iHeartMedia, Sunday, Asheville Citizen, Times, Public Radio, Apple Locations: North Carolina, tatters, Asheville, Charlotte, New Orleans, “, Florida’s Gulf Coast, Georgia

☆ East Coast port strike: What's at risk for the U.S. economy if ILA longshoreman walk
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEast Coast port strike: What's at risk for the U.S. economy if ILA longshoreman walkA strike by the ILA union at East Coast and Gulf Coast ports puts billions in trade at risk. CNBC's Lori Ann Larocco reports on the key data points underpinning the potential economic fallout.

Persons: CNBC's Lori Ann Larocco Organizations: ILA, East Locations: U.S, East Coast, Gulf Coast

☆ Port strike set to begin tomorrow: Here's what's at stake
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPort strike set to begin tomorrow: Here's what's at stakeDavid Kiesling, Kenco Group VP of transportation management, joins 'Squawk Box' to discuss the looming labor strike set to hit ports on the U.S. East Coast and Gulf of Mexico tomorrow, the potential disruption to the country's supply chain, and more.

Persons: David Kiesling Organizations: Kenco, U.S . Locations: U.S . East Coast, Gulf of Mexico

☆ Stock futures are flat after S&P 500 closes at a record to end winning September: Live updates
▼ + stars: | 2024-09-30 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures were little changed on Monday evening, after the S&P 500 closed at a record to end September. S&P 500 futures inched lower by 0.1%, while Nasdaq 100 futures were just below the flatline. In the regular session, the S&P 500 and the 30-stock Dow notched closing records. All three major averages posted monthly gains, and it was the first positive September for the S&P 500 since 2019. The S&P 500, Dow and Nasdaq Composite also ended the third quarter in positive territory.

Persons: Jerome Powell, nonfarm, Dave Sekera Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Federal, Investors, Morningstar, Traders, International Longshoremen's Association, Gulf Coasts, U.S, U.S . Bureau of Labor Statistics, Labor, Survey, P Global U.S, Manufacturing, ISM, PMI Locations: New York City, U.S, Gulf

At least 230 people have been killed across six states in the aftermath of Hurricane Helene, which made landfall in Florida's Big Bend on Sept. 26, as a category 4 storm. Devastation from the storm and subsequent flooding have inundated Florida’s Gulf Coast to the Appalachian Mountains in Virginia, and left millions without power.

Persons: Hurricane Helene Locations: Hurricane, Florida's Big, Virginia

☆ Clock ticks down towards a port strike with little hope it will be avoided
▼ + stars: | 2024-09-30 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +7 min

The maritime alliance represents the major shipping lines, all of which are foreign owned, as well as terminal operators and port authorities. Depending on the length of the strike, there could be shortages of consumer and industrial goods, which could then lead to price hikes. What could be in short supplyThe ports involved include the Port of New York and New Jersey, the nation’s third-largest port by volume of cargo handled. Port Wilmington in Delaware describes itself as the nation’s leading banana port, bringing in a large share of America’s favorite fruit. The union has pledged to continue to handling military cargo even during a strike and said passenger ships won’t be affected.

Persons: “, ” Harold Daggett, containerization, John McCown, Biden, ”, Joe Biden, Taft, Hartley, George W, Bush, Julie Su, Peter Buttigieg, Lael Brainard, ” Biden, ” CNN’s Arlette Saenz Organizations: New, New York CNN, Gulf Coasts, International Longshoremen’s Association, ILA, United States Maritime Alliance, American Farm Bureau, “, Business, Labor, National Economic Council, CNN, Union, Labor Department Locations: New York, Gulf, Maine, Texas, of New York, New Jersey, Port Wilmington, Delaware, Port, Baltimore, West Coast, Taft

☆ America is facing a nightmare scenario with a looming strike and wrecked infrastructure after Hurricane Helene
▼ + stars: | 2024-09-30 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

A port strike and the effects of Hurricane Helene could slow the US's transport of goods. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . JPMorgan analysts have estimated that the costs of shutdowns related to the strike could reach $5 billion a day. "The timing of the strike is especially concerning, as the US economy has seen progress in lowering inflation," Mousavian said. Meantime, Angela Blanchard, Houston's chief recovery and resilience officer, argued on X that the response to and recovery from the hurricane would be "significantly impeded" by a strike.

Persons: Hurricane, —, Hurricane Helene, Jon Davis, Amir Mousavian, Mousavian, Jason Greer, haven't, We're, Greer, Angela Blanchard, Houston's, Blanchard Organizations: Service, Longshoremen's Association, JPMorgan, Federal Reserve, University of New England's College of Business, Shipping, Greer Consulting, National Labor Relations Board Locations: Hurricane, Asheville , North Carolina, East Coast, Gulf, Florida , Georgia, North Carolina, West

☆ Bitcoin and crypto stocks sink after last week's rally, but still head for a positive September
▼ + stars: | 2024-09-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Crypto stocks Coinbase slid 5% and MicroStrategy fell 2%. Bitcoin and crypto stocks retreated on the final trading day of September, following a rally last week, but are still poised to post a positive month. The combined net buying volume of U.S. bitcoin ETFs last week (16,774 BTC) exceeded a typical one-month supply of newly mined bitcoin (13,500), according to Bitwise-owned ETC Group. For the month, bitcoin is on pace to finish its strongest September ever with an 8% gain and its second positive September – historically the cryptocurrency's weakest month – in a row. The market is heading into a seasonally strong quarter for crypto and risk assets broadly.

Persons: cryptocurrency, Coinbase, MicroStrategy Organizations: Metrics, Analysts, BTC, People's Bank of China, U.S Locations: Coast, Gulf

☆ With ports strike imminent on East Coast, Gulf, truckers, rails are scrambling to move billions in cargo before midnight shutdown
▼ + stars: | 2024-09-30 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

As much as 43% to 49% of total containerized goods entering the U.S are processed through ports on the East Coast and Gulf Coast. Michael Kanko, CEO of ImportGenius, tells CNBC the economic importance of the ports impacted by an ILA strike is profound. Approximately 50,000 ILA union members work at the ports of Boston, New York/New Jersey, Philadelphia, Wilmington, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa, Miami, New Orleans, Mobile, and Houston. UBS forecast that 20% of Maersk's total volume would touch a U.S. port that would be impacted by the strike. East Coast ports in the U.S. are forecast to handle 2.3 million TEU (twenty-foot equivalent units) in October.

Persons: Gary Hershorn, Lading, Alan Baer, Baer, Michael Kanko, Brian Bourke, Pete Buttigieg, Julie Su, Lael Brainard, Biden, We've, Taft, Hartley, Donald Trump, Harold Daggett, let's, Estee Lauder, Steve Lamar Organizations: Port, Port Newark Container, Corbis, CNBC, International Longshoremen's Association, US Maritime Alliance, USA, ILA, U.S ., Seko Logistics, Gulf, Transportation, National Economic, UBS, Maersk, Democrats, Hartley, Business, The U.S . Chamber of Commerce, Biden, ., L'oreal, ABB, Walmart, Walgreens, Disney, Port Authority of, American Apparel & Footwear Association Locations: Port Newark, New York City, Newark , New Jersey, Coast, U.S, ImportGenius, East Coast, Gulf Coast, U.S . East Coast, Maine, Texas, Boston , New York, New Jersey, Philadelphia, Wilmington, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa , Miami , New Orleans, Mobile, Houston, The, Port of New York, Port Authority of NY, Virginia, Mitre . East Coast, Port of Virginia

☆ A major port strike is looming. Costco says it's prepared.
▼ + stars: | 2024-09-30 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Eastern US ports could largely halt operations if a maritime workers union goes on strike Tuesday. "We've taken as many preemptive measures as we could to prepare," CEO Ron Vachris said last week. "The port strike is something we've been watching very closely for some time," Costco CEO Ron Vachris said last week during the company's fourth-quarter earnings call. Related stories"We have done a little bit of everything," the Costco CEO said. They're watching it closely and we've taken as many preemptive measures as we could to prepare for this."

Persons: We've, Ron Vachris, —, we've, Vachris, Abe Eshkenazi, Eshkenazi, Pete Buttigieg Organizations: Costco, Service, Retailers, Longshoremen's Association, United States Maritime Alliance, Association for Supply Chain, White, Transportation Locations: East Coast, Gulf, North America

(Harris, 59, is herself among the youngest baby boomers, born in 1964, the last year that’s considered part of the generation.) Smith and her husband have struggled to stretch their monthly Social Security income of around $4,000 as their costs have increased. The average Social Security check was around $2,000 at the start of the year and adjusts annually for inflation. About half of Social Security recipients make enough income to have their benefits taxed, according to the Social Security Administration. Polls show a tightening race between Trump and Harris among seniors, with Harris appearing to pick up support compared to Biden.

Persons: Teresa Smith, Smith, Donald Trump, Joe Biden, Kamala Harris, she’s, “, he’d, “ He’s, Harris, that’s, Mitt Romney, Barack Obama, ”, Bob Ward, Fabrizio Ward, Biden, hasn’t, ” Trump, Medicare —, Walz, Seth Schuster, Trump, Phil Martin, Martin, Pam, “ Trump’s, Denise Meyer, ” Meyer, Kamala, Gary Schlossberg, Dick Edgecombe, Edgecombe, we’re, Gary Allen, Allen, Kristen Soltis Anderson Organizations: White House, Democratic, Trump, Republicans, Biden, AARP, Social Security, Social, Social Security Administration, Medicare, Pew Research Center, NBC, FedEx, Wells, Investment Institute, Republican, “ Locations: Georgia, North Carolina, Charlotte, Wells Fargo, “, Pennsylvania, Pittsburgh, ”, Michigan

Hurricane Helene, a powerful Category 4 storm when it made landfall, carved out a devastating path from Florida’s Gulf Coast to Tennessee. Reports of destruction and record-level flooding stretched more than 600 miles. As of Saturday, officials had reported at least 60 deaths from the storm.

Locations: Gulf Coast, Tennessee

☆ Here’s what might be tough to find if there’s a long port strike
▼ + stars: | 2024-09-29 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +8 min

It doesn’t make economic – or logistical – sense to ship many of the goods that come into East Coast ports by alternative ports of entry – or by plane. That means America could see some shortages of chocolate, alcohol, popular fruit, including bananas and cherries, and even certain cars if the strike lasts a long time. A potential strike at this and other ports on the Gulf and East costs could start early Tuesday. And the federation and its members are concerned with how long it will take to recover from even a short strike. And many of those imports come in through East and Gulf coast ports.

Persons: ” Jonathan Gold, Brandon Bell, Gold, ”, “, That’s, Danny Munch, Munch, ” Chris Swonger, Swonger, Erin Keating, Mark Gillies, Loren Elliott, Chris Frey, Cox Organizations: New, New York CNN, National Retail Federation, CNN, Port, Houston Authority, ILA, American Farm Bureau, Consumers, Cox Automotive, “, Cox, Volkswagen, ” Audi, Auto, Bloomberg, Getty Locations: New York, East, Gulf Coast, East Coast, America, West Coast, United States, Port Wilmington, Delaware, Michigan, Europe, South America, Port of New York, New Jersey, Port of Houston, Gulf, Asia, Midwest

☆ Lana Del Rey married a Louisiana swamp tour guide. Here's everything you need to know about her new husband, Jeremy Dufrene.
▼ + stars: | 2024-09-29 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

Lana Del Rey married Jeremy Dufrene, a Louisiana swamp tour guide, on September 26. AdvertisementPhotos of the event show that Del Rey, 39, was accompanied by her father, Robert Grant. Representatives for Del Rey did not immediately respond to a request for comment and confirmation from Business Insider, which was sent outside regular working hours. AdvertisementHere's everything we know about Dufrene and his whirlwind romance with Del Rey. Dufrene was previously married and has three children, reports sayWhile their wedding marks Del Rey's first marriage, it is Dufrene's second.

Persons: Lana Del Rey, Jeremy Dufrene, —, Elizabeth Grant —, Jeremy, Del Rey, Robert Grant, Dufrene, Arthur, Jeremy lemme, Lana, It's, Glen Powell, Powell, Emma Roberts, Kate Hudson, Del Rey's, Gina, Evan Winiker, Range Media Partners Dufrene, Lee Foster, Dufrene's Organizations: Service, Mail, Business, Facebook, Craigslist, Range Media Partners, Music, Dufrene, Reading Festival, Lady Studios Locations: Louisiana, Louisana, Des Allemands , Louisiana, Gulf Shores , Alabama

☆ U.S. East Coast port strike set to start Tuesday, union says
▼ + stars: | 2024-09-29 | by ( ) www.cnbc.com time to read: +1 min

A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen's Association union said on Sunday, signaling action that could cause delays and snarl supply chains. "United States Maritime Alliance ... refuses to address a half-century of wage subjugation," the union said in a statement. The United States Maritime Alliance, known as USMX, represents employers of the East and Gulf Coast longshore industry. If union members walk off the job at ports stretching from Maine to Texas, it would be the first coast-wide ILA strike since 1977. Presidents can intervene in labor disputes that threaten national security or safety by imposing an 80-day cooling-off period under the federal Taft-Hartley Act.

Persons: Joe Biden, Hartley, Taft Organizations: U.S ., International Longshoremen's Association, United States Maritime Alliance, ILA Locations: U.S . East Coast, Gulf of Mexico, East, Gulf Coast, Maine, Texas, Taft

☆ Biden says he won't intervene if port workers go on strike
▼ + stars: | 2024-09-29 | by ( ) www.cnbc.com time to read: 1 min

U.S. President Joe Biden gestures as he arrives to Dover Air Force Base in Dover, Delaware, U.S., September 27, 2024. U.S. President Joe Biden said on Sunday he did not intend to intervene to prevent a port strike on the East Coast and Gulf of Mexico if dock workers failed to secure a new contract by an Oct. 1 deadline. "It's collective bargaining. I don't believe in Taft-Hartley," he told reporters. Presidents can intervene in labor disputes that threaten national security or safety by imposing an 80-day cooling-off period under the federal Taft-Hartley Act.

Persons: Joe Biden, Hartley, Taft Organizations: Dover Air Force Base Locations: Dover , Delaware, U.S, East Coast, Gulf of Mexico, Taft

☆ Travel news: US airport made a ‘confusing’ name change – here’s how it’s going
▼ + stars: | 2024-09-28 | by ( Lilit Marcus | ) edition.cnn.com time to read: +7 min

The name gameIn May, California’s “Metropolitan Oakland International” changed its name to “San Francisco Bay Oakland International Airport” – despite the fact that San Francisco International Airport is just 30 miles (48 kilometers) away. Some travelers have shown up at the wrong airport, according to San Francisco City Attorney David Chiu. Maureen O'Hare/CNNMixing up similar-sounding airport names is just one of the things that can go wrong for travelers. Meanwhile, belonging to a frequent flyer program can give you access to airport lounges or help you score an upgrade. Patricia Mahan and Dan Matarazzo left Arizona for Mexico in 2006.

Persons: Helene, California’s, There’s, David Chiu, “, Mary Richardson, Maureen O'Hare, Patricia Mahan, Dan Matarazzo, Patricia, Dan Fresh, ”, Mahan, “ Kritsa, ” Patricia, Dan, Sofia, Dan New, They've, Tommy Cahill, iStock, ” Mahan, Alexander Spatari, Caesar, Giorgio Franchetti, grouses Organizations: CNN, California’s “ Metropolitan Oakland International, “ San Francisco Bay, International, San Francisco International, San, Oakland, Department of Transportation, CNN Travel, Getty, Cathay Locations: Mexico, San Francisco Bay, California’s “, “ San Francisco, Port, Oakland, San Francisco City, San Francisco, Bucharest, Budapest, Tucson , Arizona, Greece, Kritsa, Agios Nikolaos, Crete, Arizona, North America, Europe, Rome, Cathay Pacific

Floodwaters in the area of Gulfport, Fla., on Thursday, ahead of Hurricane Helene. Helene, a Category 4 hurricane, made landfall near Perry, Fla., some 200 miles north of Tampa. All three storms put wide swaths of the Tampa Bay region underwater, though none more than Helene, which brought storm surge into neighborhoods that had not seen such flooding in decades — or ever. Credit... Nicole Craine for The New York TimesImage Shore Acres, a flood-prone enclave on the edge of Tampa Bay in St. Petersburg. He would soon add another at three feet, to mark the amount of water that had flowed into his shop from Helene.

Persons: Hurricane Helene, Living, Helene, Idalia, Debby, ” Mimi Wills, I’ve, Nicole Craine, ”, Kento Kawakami, Meghan Martin, Hurricane Idalia, Jane Castor of, Ms, Castor, Gina Ryals, The New York Times “ I’m, “, Chris Wilkerson, Michael Childress, Nancy Otto’s, Hurricane, Nancy Cotto, Cotto, Becki Weber, Ian, Anthony Altman Jr, Scott McIntyre, The New York Times “, Mike Cannon, Pete Beach, Michael Morton, Mr, Morton, Chris Grant, Grant, ” Mr, ” Emily Cochrane, Jennifer Reed Organizations: Hurricanes, Hurricane, Fla ., The New York Times, Tampa General Hospital, “, Idalia, The New York, Shore, Fort Myers, ., Vermont Urban, Task Force Locations: Gulfport, Fla, Hurricane, Tampa Bay, Florida, Mexico, Tampa, Perry, South Tampa, Clearwater, Fla . Credit, Asheville, N.C, Florida , Georgia, North Carolina, South Carolina, Virginia, Atlanta, Erwin, Tenn, St . Petersburg, Old Port Tampa, Davis, downtown Tampa, Shore, Jane Castor of Tampa, St, Petersburg, Credit, Pinellas County, Hillsborough County, Fort Myers Beach, Crystal, Helene, Crystal River, Madeira Beach, Vermont, Fort Myers

Hurricane Helene killed at least 22 people and left millions without power across the Southeast before weakening on its way north Friday morning, officials said. Hurricane-felled trees caused two deaths in Anderson County, South Carolina, officials said. Debris left by Hurricane Helene in Cedar Key, Fla., on Friday. Miguel J. Rodriguez Carrillo / AFP - Getty ImagesMeanwhile, more than 4.3 million people are experiencing power outages in South Carolina, Georgia, Florida, North Carolina and Virginia, according to poweroutage.us, which tracks utility data. At 11 a.m., the storm was 30 miles southwest of Bryson City, North Carolina, moving northward with maximum sustained winds of 45 mph.

Persons: Helene, Floridians, Jamie Cruse, “ We’re, ”, “, Bruce Rector, NBC’s, Megan Varner, Brian Kemp, Ron DeSantis, Roy Cooper, Hurricane, Miguel J, Rodriguez Carrillo, Ana Gibbs, Ronda Bell, Mike Stewart, Joe Biden, Deanne Criswell Organizations: National Hurricane Center, NBC, ” Clearwater, Georgia Gov, Florida Gov, Gov, North Carolina, Highway Patrol, AFP, Getty, Florida, & Light Company, Duke Energy Florida, Duke Energy, Federal Emergency Management Locations: Big Bend, Florida’s, Perry , Florida, Clearwater, Gulf Coast, Atlanta, Georgia, Pinellas County , Florida, Florida, Dixie County, North Carolina, Catawba County, Charlotte, Anderson County , South Carolina, Cedar Key, Fla, South Carolina , Georgia, Virginia, Valdosta, Ga, Carolinas, Charleston, Wilmington, Raleigh, Norfolk, Bryson City , North Carolina, Georgia , Florida , Alabama, South Carolina

Taylor County expects to take a direct hit from the Category 4 storm, which is expected to make landfall Thursday night. Taylor County, in northern Florida near the Big Bend region, is home to 20,000 residents, Padgett said. Follow here for live updatesAs in other spots in Florida, mandatory evacuations were ordered for Taylor County, but Padgett estimated that as much as half of his population is choosing to stay put. Uber has offered to take Taylor County residents to shelters outside the county, Padgett said. Helene is the third major storm within a year for Taylor County, Padgett said, "But we're going to endure.

Persons: PERRY, Helene, Mark, Sheriff Wayne Padgett, Padgett, It's, We've, I've, ” Padgett, Uber Organizations: Sheriff, Taylor County Locations: Fla, Taylor, Taylor County, Florida, Bend

☆ Looming U.S. port strike could shake economy ahead of peak holiday shopping season
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLooming U.S. port strike could shake economy ahead of peak holiday shopping seasonCNBC's Frank Holland joins 'Squawk on the Street' to report on the increasing likelihood of a dockworkers strike at East and Gulf Coast ports.

Persons: Frank Holland Locations: East, Gulf Coast

☆ US Navy warships fought off a 'complex' missile and drone attack in the Red Sea
▼ + stars: | 2024-09-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

US Navy ships operating in the Red Sea shot down a number of Houthi missiles and drones on Friday. AdvertisementUS Navy warships shot down a barrage of Houthi missiles and drones in the Red Sea on Friday in what a Pentagon spokesperson described as a "complex attack." The Houthis said earlier that they targeted three Navy warships with nearly two dozen ballistic missiles, cruise missiles, and drones. The increased Red Sea presence comes amid heightened fears of an all-out conflict between Israel and the Lebanon-based Hezbollah, another militant group backed by Iran. US forces said they destroyed one missile system in Yemen and two drones over the Red Sea during this time period.

Persons: —, Sabrina Singh, Singh, they're, Michael Murphy, Houthi, Frank E, Petersen, USS Spruance, USS Stockdale, Spruance, Stockdale Organizations: Pentagon, Service, Navy, US Navy Locations: Iran, Indianapolis, Red, Israel, Lebanon, Gulf, Aden, Yemen

☆ As ports strike nears, union warns that companies like Walmart, Ikea and Home Depot will be left with few to no import options
▼ + stars: | 2024-09-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

These companies are among the leading importers at the 14 major ports that an ILA strike would impact, according to ImportGenius. Out of the 85,000 members, 50,000 would go on strike at the 14 ports that are subject to a master contract that has not been negotiated. Separately, the Port of Montreal union affiliated with the Canadian Union of Public Employees issued a 72-hour notice that its own three-day strike starts on Monday, Sept. 30. Robinson, tells CNBC this strike could exacerbate the U.S. port strike disruption. "We'll shut them down," Daggett said in a recent video message to union members.

Persons: ImportGenius, Peter Sand, James McNamara, Mia Ginter, Robinson, Ginter, Harold Daggett, Daggett, William George, Biden, Taft, Hartley, USMX, McNamara, Maersk Organizations: International Longshoremen's Association, LG Electronics, Walmart, Ikea, Samsung, ILA, Cruise, Brothers, Port, Canadian Union of Public Employees, CNBC, U.S, Home Depot, Hyundai, General Motors, Dollar, . Tire, Michelin, Goodyear, Continental Tire, Glovis, Samsung Electronics, IKEA, US Maritime Alliance, NLRB, Reuters, Biden, Georgia Ports Authority, U.S ., Gulf, Mitre Locations: East Coast, Gulf Coast, Canada, West Coast, West, Coast, Great Lakes, Montreal, C.H, Port of Montreal, of Los Angeles, Lading, New York, New Jersey, Baltimore, Savannah, Houston , North Carolina, South Carolina, Virginia, New Orleans, Glovis America, In Savannah, Georgia, South, America, Newark, Maine, Texas, Boston , New York, Philadelphia, Wilmington, Norfolk, Charleston, Jacksonville, Tampa , Miami , New Orleans, Mobile, Houston, Gulf, NY, NJ, U.S . East Coast, Port of New York

☆ Dramatic video shows US Coast Guard rescue a man and his dog after their boat started sinking during Hurricane Helene
▼ + stars: | 2024-09-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

New footage shows the US Coast Guard rescuing a man and his dog in the Gulf of Mexico. The man's vessel became disabled and started taking on water during Hurricane Helene. AdvertisementA dramatic new video shows the US Coast Guard rescuing a man and his dog in the Gulf of Mexico on Thursday after their boat started sinking during Hurricane Helene. Kellerman, AirSta Clearwater pic.twitter.com/3ehoIVqlLj — USCGSoutheast (@USCGSoutheast) September 27, 2024It is unclear how long the man and his dog were at sea. AdvertisementIt is not uncommon for the Coast Guard to carry out rescue missions during hurricanes, but each case is treated differently.

Persons: Hurricane Helene, —, Helene, e, m. Organizations: US Coast Guard, Service, Coast Guard, Sikorsky MH, USCG, Southwest Florida International, EMS Locations: Gulf of Mexico, Hurricane

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