DIRS.INFO The most relevant business & tech news

☆ Levels to watch on the Nvidia chart from Katie Stockton after a poor third quarter for AI leader
▼ + stars: | 2024-09-30 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Katie Stockton Organizations: Nvidia, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: NVDA

In a statement, the company said it was no longer operating, extended its condolences to relatives of the victims, and noted it has cooperated with the Coast Guard and National Transportation Safety Board investigations. Neubauer said the testimony gave important insight into the potential motivation in Rush and his company. Peter Girguis, a Harvard University professor and oceanographer who monitored the hearing, told CNN evidence of Rush’s ego-driven approach and heedlessness to repeated safety concerns appears to loom large in the disaster. Specifically, the letter alleged the language on OceanGate’s website was “confusing and misleading” and implied the Titan was “classed,” meaning certified to industry standards. The letter took issue with OceanGate’s decision not to try to get the Titan classified.

Persons: Jason Neubauer, ”, OceanGate, Stockton, Rush, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Neubauer, …, Peter Girguis, “ Stockton, ” Girguis, ” Neubauer, Karl Stanley, Stanley, ” Stanley, “, ” Donald Kramer, Stockton Rush, He’s, Amber Bay, Phil Brooks, OceanGate’s, Brooks, couldn’t, –, William Kohnen, Kohnen, ” Kohnen, ” Rush, CNN’s Dakin Andone, Eric Levenson Organizations: CNN, Coast Guard, Titan, Marine Board, Stockton Rush, Authorities, Atlantic, Marine Board of Investigation, National Transportation Safety, Harvard University, “ Stockton Rush, US Justice Department, National Transportation Safety Board, Justice Department, Stockton, Marine Technology Society, OceanGate Locations: Everett, Washington, English, Honduras, Stockton, Amber, paychecks, OceanGate, ‘, “ Stockton, North Charleston , South Carolina

☆ The basic income myth: cash discourages work
▼ + stars: | 2024-09-28 | by ( Allie Kelly | ) www.businessinsider.com time to read: +10 min

Critics of guaranteed basic income often suggest that cash payments discourage work. Guaranteed basic income programs are gaining momentum across the US as an approach to poverty reduction. Related storiesBasic income critics say cash discourages workBillionaires, politicians, and financial leaders have criticized basic income programs, saying that cash payments could encourage laziness among participants. AdvertisementStill, guaranteed basic income programs reflect short-term results. Harper began teaching shortly after enrolling in a Georgia-based guaranteed basic income program, In Her Hands.

Persons: —, Taniquewa Brewster, Brewster, America's, John Gillette, Sam Altman, Samra, aren't, Cepia Harper, Harper, I've, Asya Howlette, Howlette, Brewster — Organizations: Service, Texans, Business, Austin, Rep, Mayors, Orleans Mayor's, Youth Locations: Arizona, Illinois, Texas, Stockton and Baltimore, Denver, Georgia, Orleans

☆ The increased market volatility is still here, says Fairlead Strategies' Katie Stockton
▼ + stars: | 2024-09-26 | 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 EmailThe increased market volatility is still here, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest market trends, impact of the Fed's interest rate decision, state of the economy, and more.

Persons: Katie Stockton Katie Stockton

Engineer Don Kramer is slated to testify as the investigation continues into the implosion of OceanGate's Titan submersible. The Coast Guard opened a public hearing earlier this month that is part of a high level investigation into the cause of the implosion. Coast Guard officials noted at the start of the hearing that the submersible had not been independently reviewed, as is standard practice. Wreckage of the Titan was subsequently found on the ocean floor about 330 yards (300 meters) off the bow of the Titanic, Coast Guard officials said. OceanGate said it has been fully cooperating with the Coast Guard and NTSB investigations since they began.

Persons: Don Kramer, Stockton Rush, David Lochridge, Rush, ” Lochridge, William Kohnen, Bart Kemper, Guillermo Sohnlein, ” Sohnlein, “, OceanGate, Titan Organizations: National Transportation Safety, Coast Guard, Titanic, Stockton, The Coast Guard, Hydrospace, Inc, Kemper Engineering, Rush, Polar, NTSB, Associated Press Locations: Washington, Polar, St, John’s, Newfoundland

☆ OceanGate employees were asked to accept delayed paychecks, witnesses tell investigators probing Titan implosion
▼ + stars: | 2024-09-24 | by ( Dakin Andone | Graham Hurley | ) edition.cnn.com time to read: +4 min

CNN —The company that built and operated the Titan submersible asked employees to forego their pay as it faced economic challenges, according to former employees testifying before the US Coast Guard panel probing the vessel’s deadly implosion last year. OceanGate employees were asked to “defer our paychecks” at the start of 2023, Amber Bay, the company’s former director of administration, said Tuesday as part of a two-week hearing before the Marine Board of Investigation – the highest level of Coast Guard inquiry. The board is reviewing the cause of the June 2023 implosion during the submersible’s dive to the Titanic, which claimed the life of OceanGate CEO Stockton Rush and four others. Members of the Coast Guard's Titan Submersible Marine Board of Investigation listen during the hearing inside the Charleston County Council Chambers on September 23, 2024, in North Charleston, South Carolina. Lochridge raised safety concerns about the company’s operations, he testified, saying he had “no confidence whatsoever” in how the Titan was built.

Persons: “, Amber Bay, ”, Rush, Phil Brooks, OceanGate’s, Brooks, Laura Bilson, OceanGate, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, David Lochridge, Lochridge, ” Lochridge, CNN’s Ray Sanchez Organizations: CNN, Titan, US Coast Guard, Marine Board, Investigation, Coast Guard, Stockton Rush, Everett, Marine, Chambers, NTSB Locations: Amber, ” Bay, Stockton, Washington, paychecks, OceanGate, Charleston County, North Charleston , South Carolina, Rush

☆ Katie Stockton has an under-the-radar way to play the comeback in wheat and other soft commodities
▼ + stars: | 2024-09-23 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

Persons: CTVA, Katie Stockton Organizations: Invesco DB Agriculture Fund, Wheat, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: CTVA

CNN —The surviving co-founder of the company that owned the doomed Titan submersible is scheduled to testify Monday as a US Coast Guard panel continues to investigate what led to the implosion that killed five people last year. The Marine Board of Investigation’s two-week hearing began September 16 and is expected to resume Monday with OceanGate co-founder Guillermo Sohnlein, who in January 2013 left the company, set to testify, the Coast Guard’s hearing schedule shows. In 2009, Sohnlein and CEO Stockton Rush launched the Washington state-based company that created the experimental 23,000-pound submersible. The submersible lost contact with its support vessel, the Polar Prince, an hour and 45 minutes into its dive on June 18, 2023. Former OceanGate director of marine operations David Lochridge, center, stands during his testimony on September 17, 2024.

Persons: OceanGate, Guillermo Sohnlein, Sohnlein, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Sohnlein’s, CNN’s Anderson Cooper, Rush, ”, ” Sohnlein, David Lochridge, Andrew J, Whitaker, ” Lochridge, Steven Ross, Ross, Antonella Wilby, Wilby, ‘, ’, ” Roy Thomas, Phil Brooks Organizations: CNN, US Coast Guard, Marine Board, Stockton Rush, Marine Board of Investigation, Coast Guard, American Bureau of Shipping Locations: Washington

Seconds after that brief communication, the Titan was “pinged” for the last time, according to the opening presentation of the two-week hearing. Days later, authorities found its wreckage on the floor of the North Atlantic Ocean, several hundred yards from the remains of the Titanic, according to the Marine Board of Investigation, which is the highest level of inquiry by the Coast Guard. Lochridge testified he was supposed to pilot the submersible and objected when Rush decided he wanted to pilot the vessel. Rush made multiple errors during the dive, Lochridge said, including ignoring issues with the current and keeping his distance from the wreck. “It just didn’t seem to me that it had been particularly well-thought-out or executed,” he said of the submersible.

Persons: –, ” Peter Girguis, “, OceanGate, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, ” Chris Roman, it’s, ”, David Lochridge, ” Lochridge, Lochridge, Rush, “ That’s, ” OceanGate, ‘ Don’t, ’ ”, Alfred McLaren, McLaren, Nargeolet, ” Girguis, David Marquet, ’, “ I’m, Renata Rojas, debriefings, Rojas, ” Rojas, Andrea Doria, “ We’re, we’re, you’re, Rojas “, David Lochridge’s, Stockton, CNN Steven Ross, ” Ross, Ross, could’ve, Scott Griffith, Griffith, Patrick Lahey, Fred Hagen, ” Hagen, ” CNN’s Dakin Andone, Alaa Elassar, Cindy Von Quednow Organizations: CNN, Titan, US Coast Guard, Harvard University, Stockton Rush, Marine Board of Investigation, University of Rhode Island’s, School of Oceanography, Coast Guard, Authorities, OceanGate, Guard, National Transportation Safety, US Navy, ”, PlayStation, Rush, Triton, Harvard Locations: Washington, Newfoundland, Canada, Rush, OceanGate, Stockton, Bahamas

☆ It started with an informal pick-up game. Now, this organized soccer club is a lifeline for many asylum-seekers
▼ + stars: | 2024-09-21 | by ( Zoe Sottile | ) edition.cnn.com time to read: +13 min

But the Newcomers Football Club, an impromptu team made up of asylum-seekers, has helped provide him with a joy that erases his stress. And they were looking for a place to play soccer – an almost universal cornerstone of their daily routines back home. Leonard had never worked with refugees or asylum-seekers before, and he had never played soccer. In the months since, the ad-hoc project has ballooned from an informal pick-up game to an organized club that competes with other New York teams, joining forces with another similar project started by co-organizer Avram Kline. The mixed practices help Newcomers FC members meet new people and practice their English, Leonard says.

Persons: Lukaku, he’s, ”, ” Boubacar, Julian Rigg, Mars Leonard, Leonard, Avram Kline, ” Leonard, “, CNN Lukaku, Eric Adams ’, Bushwick Ayuda, Ibrahima Lô, Andreas, Eric Adams, ” Andreas, CNN Andreas, meanwhile, Andreas said, Helen, Adams, CNN’s, I Organizations: New York CNN, Football, CNN, Stockton House, New, Newcomers FC, United Nations, Amnesty International, Leonard ., FC, Guinean, Senegalese, Mauritanian, Central America, Soccer, Bushwick, ”, Autonomous Football League, Cop Locations: Brooklyn, New York, United States, Guinea, Guinnea, Bissau, Sierra Leone, Bushwick, Stockton, West, Mauritania, Senegal, Morocco, West Africa, Latin America, Williamsburg, Lukaku, Africa, Conakry, Guinea’s, Mali, Burkina Faso, Arizona, Mexico, New, New York City, Jefferson, “, American, South, York, Bushwick Ayuda Mutua, Queens

☆ Diving in the Titan ‘was never supposed to be safe,’ mission specialist says of the experimental submersible
▼ + stars: | 2024-09-20 | by ( Alaa Elassar | Graham Hurley | ) edition.cnn.com time to read: +6 min

CNN —Four days of hearings on the 2023 implosion of the Titan submersible which killed all five people on board concluded this week with more damning testimony recounting multiple safety incidents over the years. Lahey said he saw the Titan in March 2019 while in the Bahamas and was “not impressed,” and told OceanGate staff members how he felt about it. I saw evidence where they were crimping cables to hold on weights, it just looked amateurish in its execution,” he said. “Anyone that felt safe going to depths in the Titan was deluded or delusional, it was an experimental vessel, it was clear that it was dangerous,” said Hagen. David Lochridge, a former director of marine operations for OceanGate who expressed safety concerns about the ill-fated Titan submersible, said during his testimony earlier this week the Titan tragedy could have been prevented if US safety authorities had investigated his complaints.

Persons: Patrick Lahey, Lahey, “, ”, OceanGate, ” OceanGate, Rush, ” Fred Hagan, Corey Connor, ” Lahey, Fred Hagen, Hagen, Antonella Wilby, Wilby, that’s, ” Steven Ross, Ross, OceanGate . Rush, David Lochridge, ” Lochridge Organizations: CNN, Titan, Triton, Triton Submarines, Stockton Rush, imploding, Marine Technology Society, MTS, OSHA Locations: Bahamas, North Charleston , South Carolina

☆ Stockton: Market returns following a first Fed rate cut historically tends to be bearish
▼ + stars: | 2024-09-20 | 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 EmailStockton: Market returns following a first Fed rate cut historically tends to be bearishFairlead's Katie Stockton looks at the key technical levels for the major averages following the Fed's first rate cut in four years.

Persons: Katie Stockton Locations: Stockton

☆ The big post-Fed rally could get tested in week ahead: 'A lot holds in the balance' of the next few days
▼ + stars: | 2024-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Dow Jones Industrial Average topped 42,000 this week for the first time ever, while the S & P 500 breached the 5,700 milestone, after the Federal Reserve cut interest rates by a half-percentage point. "A lot holds in the balance of the next couple or few days," said Katie Stockton, founder at Fairlead Strategies. .SPX 5D mountain S & P 500 On Friday, the 30-stock Dow, the S & P 500 and the Nasdaq Composite each closed higher by more than 1% for the week. The breakout is "'pending confirmation,'" Stockton said. Overall, Stockton expects that the longer-term setup for the S & P 500 is "a bit overdone."

Persons: Katie Stockton, Stockton, That's, Sam Stovall, Gee, Christopher Waller, Jerome Powell, Stovall Organizations: Dow Jones, Federal Reserve, Dow, Nasdaq, Stockton, CFRA, Fed, Chicago, PMI, Richmond Fed, New, Micron Technology, Transportation, . Kansas City Fed Manufacturing, Costco Wholesale, PCE Deflator, PCE Locations: . Kansas, Michigan

☆ Titan submersible malfunctioned days prior to the fatal dive, former scientific director testifies
▼ + stars: | 2024-09-19 | by ( Alaa Elassar | Graham Hurley | ) edition.cnn.com time to read: +2 min

CNN —A former OceanGate scientific director said the Titan submersible suffered a malfunction six days before imploding in June 2023, killing all five people on board. The dive was aborted because, upon resurfacing, a platform malfunction caused by an issue with the variable ballast tank, which controlled the submersible’s buoyancy, caused the platform to invert to 45 degrees with the back bow facing upward. Because the platform malfunction took considerable time to correct, the dive was aborted and they returned to the surface to fix the issue. He said he knew the Titan submersible had not been inspected by the United States Coast Guard in 2021, 2022 or 2023. Ross also mentioned two incidents during the 2022 Titanic expedition dives, including a loud bang heard while surfacing in Dive 80.

Persons: CNN —, Steven Ross, ” Ross, Rush, Ross, could’ve, Scott Griffith, Griffith Organizations: CNN, Titan, imploding, Stockton Rush, United States Coast Guard

☆ He bought a cruise ship on Craigslist and spent over $1 million restoring it. Then his dream sank
▼ + stars: | 2024-09-18 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +15 min

CNN —Buying a historic cruise ship he found on Craigslist back in 2008 was undoubtedly a life-altering decision for Chris Willson. Ship of dreamsWillson and Li moved on board the ship and focused their energies on painstakingly restoring it. Christopher WillsonHis ultimate goal was to transform the neglected ship into a museum, but things didn’t quite go to plan. “We absolutely loved our time with that ship,” Willson tells CNN Travel. It subsequently remained at Alameda for several years, before being purchased by a businessman, who went on to list the ship on Craigslist.

Persons: Chris Willson, Jin Li, Willson, Li, Christopher Willson, ” Willson, I’m, ”, Wappen von Hamburg, “, Aurora ’, Helen’s Marina, ” Herman, “ I’d, Christopher Willson “, Aurora, he’d, Kristina Werner, Connie Cochran, ” Cochran, Cochran, he’s, Christopher Wilson Willson, I’ve, “ There’s, Mary, that’s, haven’t, “ I’ve, hasn’t, It’s, Chris, … Wappen von, … Wappen von Hamburg doesn’t Organizations: CNN, Craigslist, CNN Travel, Blohm, California Delta, Herman, Aurora, Unified Command, US Coast Guard, California Department of Fish, Wildlife, Coast Guard, San, San Joaquin County Sheriff’s, Delta, Global, Wildlife’s, Spill Prevention, City, ” CNN, Love, YouTube, … Wappen von Hamburg Locations: Utah, Germany, Voss, California, Rio Vista, San Francisco’s, Little Potato, Stockton, California’s Central Valley, Chaleur, San Joaquin County, City, Russia, Vancouver, Alameda , California, Alameda, Craigslist, United States, Philadelphia’s Delaware, Long, Aurora

OceanGate CEO Stockton Rush, left, and pilot Randy Holt dive in the company's submersible Antipodes in 2013. But Rush still had him inspect the Titan as it was nearing completion in early 2018, Lochridge said. The five people killed when the Titan submersible imploded in June 2023, clockwise from top left: Hamish Harding, Paul-Henri Nargeolet, Stockton Rush, and Suleman and Shahzada Dawood. Lochridge testified Tuesday that he told Rush he shouldn't be in charge of that trip, but the CEO was adamant. (The submersible had gained attention when it was unveiled the previous year because it used a PlayStation controller for piloting.)

Persons: David Lochridge, OceanGate, Lochridge, Rush, Randy Holt, Wilfredo Lee, Andrea Doria, Stockton, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Dawood, Tony Nissen, Nissen, —, shouldn't Organizations: Stockton Rush, U.S . Coast Guard, Coast Guard's Marine Board, Justice Department, Titan, Getty, LinkedIn, Coast Guard, Rush, PlayStation, Occupational Safety, Health Administration, OceanGate Locations: U.S, Washington, South Carolina, Scotland, Massachusetts

“It was all smoke and mirrors,” he said of the way the company operated. Former employees painted a picture of a company that cut corners in its haste to embark on missions with a poorly designed submersible. “They wanted to be able to qualify a pilot in a day, someone who had never sat in a submersible. The submersible lost contact with its mother ship during its dive to the Titanic on June 18, 2023. When the investigation is complete, the US Coast Guard and the National Transportation Safety Board will each conduct an independent analysis and complete reports, said Jason Neubauer, the chair of the Marine Board of Investigation.

Persons: David Lochridge, OceanGate, ”, Lochridge, – that’s, “, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Jason Neubauer, CNN’s Dakin Andone, Cindy Von Quednow Organizations: CNN, US Coast Guard, Marine Board of, OceanGate, Marine Board of Investigation, Coast Guard, Stockton Rush, National Transportation Locations: Everett , Washington, Newfoundland, Canada

☆ The last 2 messages the Titan submersible's passengers sent before the vessel imploded
▼ + stars: | 2024-09-17 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Shortly before the message, the Polar Prince sent the submersible several messages over the course of 12 minutes, asking if it could see the support vessel on its display, but the Titan did not respond. AdvertisementWhen it finally responded about four minutes later, the Polar Prince sent the message, "I need better comms from you," to which Titan responded, "Yes." The last message that the Titan sent to the Polar Prince was "dropped 2 wts," per the animation. The animation showed that the Titan lost contact with the Polar Prince at 10:47 a.m. Related storiesThe hearing takes place more than a year after the Titan submersible set off to explore the wreckage of the RMS Titanic, nearly 13,000 feet underwater.

Persons: —, Polar Prince, Tony Nissen, Bonnie Carl, David Lochridge, OceanGate, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet Organizations: Service, Titan, Coast Guard Marine Board of, Coast Guard, Business, Polar, CNN, Stockton Rush Locations: Newfoundland, North Charleston , South Carolina, British

The Titan submersible plunged thousands of feet down the forbidding depths of the North Atlantic Ocean in search of the Titanic wreck site when it imploded, killing all five on board. OceanGate came under heavy scrutiny as a result of the disaster — an almost unheard-of occurrence in the submersible industry. But after the Titan didn’t return at its scheduled time, the Polar Prince contacted the Coast Guard. The suit remains ongoing, and a former OceanGate engineering director, Tony Nissen, named as a defendant, is expected to appear Monday at the Coast Guard hearing. “The Titan submersible did not just go down with its inventor — it went down with paying passengers.”

Persons: —, Guillermo Söhnlein, Jason Neubauer, OceanGate, “, voyagers, Polar Prince, Paul, Henri Nargeolet, Hamish Harding, Shahzada Dawood, Suleman, Rush, “ Stockton, I’d, ” Söhnlein, David Lochridge, Lochridge, ” OceanGate, Nargeolet, Tony Nissen, Neubauer, Peter Girguis, there’s, ” Girguis Organizations: Coast Guard, Marine Board, OceanGate, Marine Board of, Department of Justice, Polar, Stockton Rush, Associated Press, Harvard University, Oceanographic Locations: Canada’s, French, North Charleston , South Carolina, Washington, U.S

☆ Apple shares are breaking down and could be under pressure for months, according to the charts
▼ + stars: | 2024-09-16 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

Persons: AAPL, Headwind, — Katie Stockton Organizations: Apple, AAPL, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: AAPL

☆ Titan submersible implosion: US Coast Guard hearings begin
▼ + stars: | 2024-09-16 | by ( Dakin Andone | ) edition.cnn.com time to read: +4 min

CNN —The US Coast Guard on Monday will begin a multi-day hearing to examine the loss of the Titan – the ill-fated submersible authorities said imploded in the North Atlantic Ocean in June 2023, killing all five people aboard during a dive to the wreckage of the Titanic. The public hearing will be conducted by the Marine Board of Investigation that was convened within days of the submersible’s disappearance. The MBI – the highest level of inquiry by the Coast Guard – was tasked with reviewing the cause of the tragedy and offering recommendations, including about potential civil penalties and criminal prosecution. The MBI is made up of numerous Coast Guard officials and at least two from the National Transportation Safety Board, according to a list provided by the Coast Guard. When the investigation is complete, the US Coast Guard and the National Transportation Safety Board will each conduct an independent analysis and complete reports, Neubauer said Sunday.

Persons: Coast Guard –, ” Jason Neubauer, “, ”, Neubauer, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, ” Neubauer Organizations: CNN, US Coast Guard, Marine Board of, MBI, Coast Guard, Stockton Rush, OceanGate Expeditions, OceanGate, National Transportation Safety, NASA, Boeing, Department of Justice, Marine Board, Investigation, National Transportation Locations: Newfoundland, Canada, Everett, Washington, North Charleston , South Carolina

☆ Titan submersible: First photo of wreckage revealed at hearing into tragedy
▼ + stars: | 2024-09-16 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

CNN —The first image of the Titan submersible sitting at the bottom of the ocean following its catastrophic implosion last year was shared by the US Coast Guard on Monday as investigators opened a hearing into the tragedy. In the photo released Monday, the submersible’s broken tail cone is seen on the hazy blue floor of the North Atlantic Ocean. The tail cone was severed from the rest of the vessel, its edges ragged, while a ripped fragment of the vessel is seen nearby. The board on Monday called its first witnesses, including former employees of OceanGate, the firm that developed and operated the submersible. Seconds later, the Titan was “pinged” for the last time, and the mother ship lost track of the vessel.

Persons: Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, –, ”, “, Jason Neubauer Organizations: CNN, Titan, US Coast Guard, Marine Board of Investigation, Stockton Rush, Marine Board of, OceanGate, Coast Guard, Department of Justice Locations: North Charleston , South Carolina, Newfoundland, Canada

☆ Investors may need to get more pessimistic before selling capitulates and stocks bottom
▼ + stars: | 2024-09-11 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Investors haven't become super pessimistic on stocks since the recent volatility bout began. Specifically, the firm's Crowd Sentiment Poll — a gauge for intermediate market sentiment — shows excessive optimism among investors after dipping to neutral last month. NDR's nearer-term daily trading composite, meanwhile, points to more neutral sentiment. Wall Street is also anxiously looking ahead to the U.S. presidential election in November. So bottom line: It may take another bout of selling to shake out the weak bullish investors and restart the long-term trend.

Persons: Ned Davis, London Stockton, Goldman Sachs downgrades, Morgan Stanley, Richard Ramsden Organizations: Ned Davis Research, London, Reserve, U.S Locations: NDR's

☆ Market Navigator: Natural gas indicated to the upside
▼ + stars: | 2024-09-10 | 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 EmailMarket Navigator: Natural gas indicated to the upsideKatie Stockton, Fairlead Strategies founder, joins 'Power Lunch' to discuss options for trading natural gas to the upside.

Persons: Katie Stockton

☆ The energy sector decline is overdone and this stock could lead the bounce, according to the charts
▼ + stars: | 2024-08-12 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

Persons: DVN, Katie Stockton Organizations: Devon Energy, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: Devon

Search resuls for: "stockton"

25 mentions found