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☆ Dirk Nowitzki: On eve of Hall of Fame induction, NBA legend says his daughter is ‘mostly embarrassed’ about ‘hoopla’ surrounding her dad
▼ + stars: | 2023-08-09 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —On the eve of his Hall of Fame induction, NBA legend Dirk Nowitzki has said that his daughter is “mostly embarrassed” about any “hoopla” surrounding her dad. Alongside the German, two-time NBA champion Pau Gasol, four-time NBA champion Tony Parker, San Antonio Spurs head coach Gregg Popovich, Dwyane Wade and the 1976 U.S. Olympic Women’s basketball team, among others, will be inducted. However, at a press conference on Tuesday, Nowitzki admitted that his impending inauguration has not yet fully resonated with his children. Nowitzki scored 35,223 points across 21 seasons in Dallas, playing 1,667 games for the only NBA team he ever featured for – only John Stockton played more games for one team across his career. His crowning moment arguably came in 2011 when he led the Mavs to the NBA title, the organization’s first and only championship in its history.

Persons: Dirk Nowitzki, Pau, Tony Parker, Gregg Popovich, Dwyane Wade, Nowitzki, “, Papa, they’re, LM Otero, John Stockton, Luka Dončić, Giannis Antetokounmpo, Nikola Jokić Organizations: CNN, of Fame, Dallas Mavericks, basketball’s Hall of Fame, Pau Gasol, San Antonio Spurs, Olympic, YouTube, NBA, American Airlines Center, Mavericks Locations: North Texas, Dallas

☆ This is a short-term pullback and not the beginning of a corrective phase, says Fairlead's Stockton
▼ + stars: | 2023-08-09 | 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 EmailThis is a short-term pullback and not the beginning of a corrective phase, says Fairlead's StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk on the Street' to discuss what happens if equity markets return to the 50-day moving average, what Stockton recommends investors monitor, and the current relationship between yields and stocks.

Persons: Fairlead's Stockton Katie Stockton Organizations: Stockton

Listening to the men in the short Opinion Video above is like encountering visitors from another planet. They are serving life sentences at Angola prison, in rural Louisiana, with little to no hope for release. The men are among the thousands in Louisiana — and more than 50,000 nationwide — locked up for life without parole. The point is not to diminish the severity of the crimes that put these men behind bars. But, ask yourself as you watch the video, how long is long enough?

Organizations: . Sentencing Locations: Angola, Louisiana, Louisiana —, Maryland, South Carolina, New Mexico

☆ OceanGate's cofounder wants to send 1,000 people to a floating colony on Venus by 2050, and says we shouldn't stop pushing the limits of innovation
▼ + stars: | 2023-07-28 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +9 min

By 2050, he would like to see 1,000 humans living in the sulfuric acid clouds of Venus. The businessman's latest — and possibly grandest — endeavor is to send 1,000 humans to live in Venus' atmosphere by 2050. Söhnlein hasn't let the recent events dampen his ambition and claims humanity needs to continue pushing the limits of innovation. Sending humans to Earth's evil twinThough it's often called "Earth's twin," Venus doesn't seem like the ideal place for humans to thrive. The Titan submersible.

Persons: Guillermo Söhnlein, Stockton Rush, Söhnlein hasn't, Söhnlein, shouldn't, OceanGate, Rush, Shannon Stapleton, Khalid Al, Ali, Elon Musk, Mark Zuckerberg, we'd, Andrew Coates, Coates Organizations: Service, OceanGate Expeditions, NASA, Anadolu Agency, Getty Images, Venus, Stockton Rush, Reuters, Innovation, Rush, University College's, Science Laboratory Locations: Wall, Silicon, Söhnlein, Stockton

☆ We are seeing some minor signs of upside exhaustion, says Fairlead Strategies' Katie Stockton
▼ + stars: | 2023-07-25 | 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 EmailWe are seeing some minor signs of upside exhaustion, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss latest market trends, where she sees the S&P 500 and Treasury yields for the rest of the year, and more.

Persons: Katie Stockton Katie Stockton

☆ Watch CNBC's full interview with Fairlead Strategies founder Katie Stockton
▼ + stars: | 2023-07-25 | 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 EmailWatch CNBC's full interview with Fairlead Strategies founder Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss latest market trends, where she sees the S&P 500 and Treasury yields for the rest of the year, and more.

Persons: Katie Stockton Katie Stockton Organizations: Fairlead

☆ Stock market's short-term momentum has slowed, says Fairlead Strategies' Katie Stockton
▼ + stars: | 2023-07-24 | 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 EmailStock market's short-term momentum has slowed, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder, joins 'The Exchange' to discuss Invesco QQQ technicals, SMH semiconductor ETF experiencing a decline in short-term momentum, and positioning strategies for a long-term tech play.

Persons: Katie Stockton Katie Stockton, QQQ

☆ Amazon to hire 2,000 more staff for new UK fulfilment centre
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: 1 min

LONDON, July 18 (Reuters) - Amazon (AMZN.O) will hire up to 2,000 people to staff a new fulfilment centre in Britain, located in Stockton-on-Tees, north east England, which it is due to open in October, the company said on Tuesday. Amazon said a staff of 1,000 will initially be required before it adds additional employees as activity ramps up. The company announced plans to shut three older warehouses in Britain in January, impacting 1,200 jobs, with workers given the chance to transfer to other units. Reporting by Sarah Young; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

Persons: Amazon, Sarah Young, William James Our Organizations: Thomson Locations: Britain, Stockton, Tees, England

Weeks later, Mr. Trump is the former President Trump. Instead, in a brief televised address shortly before 2:30 a.m., Mr. Trump furiously laid down his postelection lie. For weeks, Mr. Trump had been peppering him with tips of fraud that, upon investigation by federal authorities, proved baseless. The cavalry “is coming, Mr. President,” Kylie Kremer tweeted to Mr. Trump on Dec. 19. On Jan. 15, Mr. Trump acquiesced to an Oval Office meeting with Mr. Lindell, who arrived with two sets of documents.

Persons: Donald J, Trump, Joseph R, Biden, Justin Clark, Rudolph W, Giuliani, Clark, Weeks, Mitch McConnell, McConnell, Jared Kushner, McConnell’s, Biden’s, William P, Barr, Mr, Trump’s, Sidney Powell, Lin Wood, sleuths, MyPillow, Mike Lindell, Patrick Byrne, Stephen K, Bannon, Michael T, Flynn, platformed, Jared Taylor, Enrique Tarrio, Doug Mills, Eric, “ We’re, ”, Fox, Eric Trump, Newt Gingrich, Joe Biden’s, Kevin McCarthy, Laura Ingraham, Obama, Dennis Montgomery, Thomas McInerney, McInerney, John McCain, Bannon’s, “ it’s, Paul Gosar, Doug Ducey, Roy Blunt of, Roy Blunt, Anna Moneymaker, —, “, ” Mr, Mark Meadows, Josh Holmes, Kushner, — Mr, Mitt Romney, Lisa Murkowski, Lindsey Graham, Sean Hannity, Lindsey Graham of, Sean Hannity’s, — I’ve, Let’s, Graham, Pat A, Axios, Brendan Smialowski, “ Hannity, Thomas, Jenna Ellis, Matt Morgan, Al Gore, George W, Bush, Brooks, Stefan Passantino, Powell, Lynsey Weatherspoon, Gore, William H, Rehnquist, Giuliani —, Kris Kobach, Mark Martin, Lawrence Joseph, Kobach, Uncle Sam, Mr . Biden, Ken Paxton, Jeffrey M, Landry, Paxton, Kyle D, Hawkins, Jacquelyn Martin, Joseph, Richard L, Chris Carr, Carr, Mike Johnson of, Mike Johnson, McCarthy, Privately, Ted Cruz of, John Sauer, ’, ” James E, Nicolai, North, Wayne Stenehjem, Stenehjem, Wayne, Tasos Katopodis, MAGA, Marjorie Taylor Greene, Marsha Blackburn of, Ms, Blackburn, Amy Kremer, Ann Stone, Roger Stone, Amy Coney Barrett, Kremer’s, Kylie Jane Kremer, Jennifer Lawrence, Dustin Stockton, Lawrence, Stockton, I’ve, Lindell, they’d, Taylor, Greg Locke, Covid, Michael McKinney, Tucker Carlson, Carlson’s, “ Donald Trump, ” Ms, Meadows, Georgia runoffs, Byrne, Cipollone, he’d, Martin, Mike Pence, reconvene, ” Kylie Kremer, James Yeager, Kylie Kremer, Yeager’s, Lawrence whooped, John Kennedy, James Lyle, Josh Hawley, “ You’ve, Lyle, Couy Griffin, Kennedy, Pete Marovich, Kremer, Julie Jenkins Fancelli, Alex Jones, Caroline Wren, Kimberly Guilfoyle, Donald Trump Jr, Katrina Pierson, Brad Raffensperger, Jeffrey A, Rosen, Department’s, Jeffrey Clark, Scott Perry, Hawley, Cruz, Year’s, Tom Cotton of, Cotton, Cindy Chafian, Chafian, Jones, Stone, Locke, Jan, “ You’ll, Gosar, Griffin, Robert O’Brien, I’m, ’ ”, Kenny Holston, Donald Trump, ” Mark Walker, Ben Margot, Stefani Reynolds, Samuel Corum, Erin Schaff, David J, Ted Cruz, John Bazemore Organizations: Twitter, Dominion Systems, Trump, Biden, Dominion, New, New York City, The New York Times, Senate, New York, Republican Party, Capitol, White, Times, The Times, America News Network, Fox, America, Boys, New York Times, American, Air Force, Electoral College, Republicans, Joe Biden’s Democratic Party, Republican, Facebook, Democrats, Associated Press, “ Fox & Friends, White House, West Wing, “, Federal Bureau of Investigation, Veritas, Justice Department, Postal Service, York Daily, Agence France, Zignal Labs, Amistad, Thomas More Society, Mr, Electoral, Supreme, Lawyers, General Association, Associated, State, University of California, Republican House, Women, Tea Party, Trump -, Breitbart, of, Credit, SPAN, Tea Party Express, Republican National Committee, Internet, Army, Des Moines Register, Marine, General Services Administration, Swedish, Cowboys, Capitol ., Street Journal, Save, General Association ., Law Defense Fund, Freedom, Coalition, Proud Boys, Willard, Homeland Security, Party, Getty, Georgia Electoral College Locations: Detroit, Arizona, Georgia, New York, America, China, Trump, Grand Rapids, Mich, Philadelphia, Atlanta, Milwaukee, Santa Cruz ,, Arizona —, Russia, North Vietnam, United States, Roy Blunt of Missouri, Kentucky, Utah, Alaska, Lindsey Graham of South Carolina, Erie, Pa, Pennsylvania, Long, Bush, Florida, tightest, Kansas, North Carolina, Ken Paxton of Texas, Texas, State of Texas, Michigan, Wisconsin, Irvine, Mike Johnson of Louisiana, Ted Cruz of Texas, Missouri, Washington, Marsha Blackburn of Tennessee, Trump’s, Hudson, Stockton, Tennessee, Des Moines, Meadows, White, fistfights, Nashville, West Monroe, La, Louisiana, drumbeating, Tom Cotton of Arkansas, Delaware

Kids didn’t start the war in Ukraine. In the Opinion video above, we hear from Ukrainian children who have lost a parent during the conflict. The program, called Wonder Camp, is part of a support mission in Ukraine by an international organization, Children of Heroes Charity Fund. “These kids are not part of this war, but they are casualties,” said Brice Espino, the chief executive of Children of Heroes, which provided the funding for the camp and gathered the participants. (Ahead Foundation, a Ukrainian group, supplied the camp’s personnel and ran the program.)

Persons: ”, Brice Espino Organizations: Heroes Locations: Ukraine, Ukrainian

☆ James Cameron denies Titanic submersible movie speculation
▼ + stars: | 2023-07-17 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —James Cameron is not working on a project tied to the OceanGate submersible tragedy. “I don’t respond to offensive rumors in the media usually, but I need to now,” Cameron tweeted. Hamish Harding, Shahzada Dawood, Suleman Dawood, Paul-Henri Nargeolet and Stockton Rush perished as they attempted to reach the historic the ship wreckage in a submersible known as the Titan. Cameron told CNN at the time that he had suspected an implosion had occurred. CNN has reached out to reps for Cameron for additional comment.

Persons: James Cameron, Oscar, ” Cameron, “ I’m, Cameron, Hamish Harding, Shahzada Dawood, Suleman Dawood, Paul, Henri Nargeolet, Stockton Rush Organizations: CNN, Twitter, Stockton

☆ The mortgage market isn't sending the signal homebuyers need on affordability
▼ + stars: | 2023-07-17 | by ( Tim Mullaney | ) www.cnbc.com time to read: +6 min

Usually around 1.75 percentage points, and as low as 1.3 in 2021, the so-called mortgage spread is hovering at more than 3 percentage points now. And that is propping up mortgage rates, keeping home owners from selling their homes and buying nicer ones, and hurting first-time buyers, Yun said. Why mortgage spreads should move lowerLogically, mortgage spreads should move down sharply from here, thanks to the recent spate of good economic news, and bring relief to home buyers who have seen affordability deteriorate sharply since 2020. But as the Fed began raising interest rates in March 2022, mortgage rates rose even faster than bond yields. Mortgage rates also dropped, to 6.89% last Friday from a recent peak of 7.22%, according to Mortgage News Daily.

Persons: Lawrence Yun, Yun, Logan Mohtashami, Fannie Mae, Freddie Mac, Rob Haworth, Banks, refinance, Haworth, Neel Kashkari Organizations: National Association of Realtors, Federal Reserve, Fed, Bank, Atlanta Federal Reserve, Mortgage News, HousingWire, Treasury, U.S . Bank, Minneapolis Federal Reserve Bank Locations: Stockton , California, treasuries, Silicon, U.S, Irvine , Calif, Seattle

☆ Market uptrend has potential to forge higher through earnings season, says Fairlead's Katie Stockton
▼ + stars: | 2023-07-17 | 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 uptrend has potential to forge higher through earnings season, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest market trends, rest of the year outlook, and more.

Persons: Katie Stockton Katie Stockton

Vertical thrusters Horizontal thruster Viewport Horizontal thruster Vertical thrusters Horizontal thruster Viewport Horizontal thruster Titanium hemisphere Carbon fiber cylinder Titanium hemisphere Titanium hemisphere Carbon fiber cylinder Titanium hemisphereTitan had several cost-saving departures from proven submersible designs. And Titan’s carbon fiber cylinder was attached to titanium hemispheres, creating several joints of dissimilar materials that are challenging to bond properly. Titan Hull The pressure applied to a pill shape is distributed disproportionately and may cause collapse similar to a soda can being crushed. Titan The Polar Prince towed the Titan submersible through a harbor in St. John’s, Newfoundland, in May. Dolores Harvey/Alamy Alvin Alvin is brought out to sea aboard a scientific ship like Atlantis, shown here lifting Alvin over the water.

Persons: Hull, Alvin Hull, OceanGate, Oisin Fanning Alvin, Alvin, Tim Foecke, ”, Foecke, Rush, Arnie Weissmann, Dolores Harvey, Alvin Alvin, Andrew Von Kerens, submersibles, Alfred S, McLaren, Navy submariner, Kedar Kirane, Mr, Kirane Organizations: Titan, The New York Times, Oceangate, Oceanographic, Alvin, Stockton Rush, Travel, Explorers Club of New Locations: St, John’s, Newfoundland, Navy, Explorers Club of New York City

☆ The US dollar is on the verge of a breakdown against the world's other top currencies
▼ + stars: | 2023-07-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The dollar is on the verge of a breakdown as other global currencies start to rise. The US Dollar Index fell below the 100 level this week, which represented a key support level. "A decisive breakdown is likely given a loss of momentum across timeframes," Fairlead Strategies said. While the dollar falls, other currencies are surging, including the euro, the yen, and the Canadian dollar, among others. "The breakdown in the Dollar Index is associated with a pending breakout in the Euro, which we also expect will be confirmed next week," he said.

Persons: Katie Stockton, Will Tamplin, Tamplin Organizations: Service, Stockton, Canadian Locations: Wall, Silicon, Stockton

☆ This A.I. stock has a unique 'secular bull trend,' market technician says
▼ + stars: | 2023-07-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Electronic design company Cadence Design Systems is a stock to watch in the artificial intelligence space, according to Katie Stockton, founder and managing partner of Fairlead Strategies. "Cadence Design is one stock that's just been forging higher, stair-stepping higher, if you will," Stockton said during a special PRO Talks roundtable on A.I. The stock has outperformed in both 2022 and so far in 2023, with Stockton noting the stock was one of few in the AI space to not underperform the broader market last year. And Stockton said some short-term gauges suggest the stock can push through what she described as a short-term consolidation period. More than four out of every five analysts rate the stock a buy, according to Refinitiv.

Persons: Katie Stockton, Stockton, It's, Trent Masters, Masters Organizations: Cadence Design Systems, CNBC, Cadence, Trent, Alphinity Investment Management Locations: Stockton

☆ CNBC Pro Talks: A.I. investors share their best stock picks in a roundtable discussion
▼ + stars: | 2023-07-12 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: A.I. investors share their best stock picks in a roundtable discussionArtificial intelligence was one of the main drivers of the first-half rally this year. Enthusiasm around the sector has helped stocks rebound from the 2022 lows in a big way, leaving some wondering if new highs are still to come. In a special CNBC Pro Talks roundtable, top AI investors, Trent Masters, Paul Meeks, Adam Johnson, and special guest, market technician Katie Stockton, give their analysis of some of the best AI stocks and discuss their investment plays for the second half of the year.

Persons: Trent Masters, Paul Meeks, Adam Johnson, Katie Stockton Organizations: CNBC, Trent

☆ Chart analyst Katie Stockton shares how to play Nvidia at these levels
▼ + stars: | 2023-07-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

After a blowout performance to start the year, shares of Nvidia are showing signs of "upside exhaustion" and that could spell some near-term trouble ahead, according to Fairlead Strategies' Katie Stockton. The chart analyst told CNBC's " Pro Talks " on Wednesday that certain technical indicators suggest that Nvidia may soon enter a "corrective phase" that could lead to a slight pullback in shares, and recommended shying away from adding to positions right now. Nvidia shares have nearly tripled in 2023 as Wall Street bets on the semiconductor giant as the artificial intelligence giant to topple. Like Stockton, Paul Meeks, a portfolio manager at Independent Solutions Wealth Management, recommends holding Nvidia shares. Right now I'd just hold it, though it is my best AI pick."

Persons: Katie Stockton, CNBC's, there's, Paul Meeks, Meeks Organizations: Nvidia, Independent Solutions Wealth Management Locations: Stockton

☆ Billionaire investor Ray Dalio says deep-sea exploration is no riskier than driving a car if safety standards are met
▼ + stars: | 2023-07-06 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +4 min

Deep-sea expeditions are "very safe" as long as established safety protocols are followed, Ray Dalio said. "Diving in a classed submersible is no more risky than taking a commercial flight or driving in a car," he said. The billionaire investor is the founder of nonprofit initiative OceanX, which is currently planning explorations in Norway's fjords, the Red Sea and the Indian Ocean. But billionaire investor Ray Dalio, also the founder of the nonprofit ocean exploration initiative OceanX, has pushed back against the paranoia. As author of 'Principles', a guide to his management and investment philosophy, Dalio often weighs in on financial and economic matters.

Persons: Ray Dalio, —, Hamish Harding, Dalio, OceanX, Dalio's, Mark Dalio Organizations: Service, Bridgewater Associates, OceanGate, Stockton Rush, Bridgewater, Forbes Locations: British, Azores, India, China

☆ OceanGate, Operator of the Titan Submersible, Suspends Operations
▼ + stars: | 2023-07-06 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: +1 min

OceanGate Expeditions said it had “suspended all exploration and commercial operations” after its Titan submersible presumably imploded during a dive to explore the wreckage of the Titanic last month, killing the company’s founder and four other people. The company, which is based in Everett, Wash., made the announcement at the top of its website, above footage of previous Titanic explorations and a link to learn more about how to “explore the world’s most famous shipwreck.”It was not clear when the message was added to the company’s website. There were no further details from the OceanGate, which did not immediately respond to an email. On board the lost submersible were Stockton Rush, 61, the founder and chief executive of OceanGate Expeditions, who was piloting the vessel; Hamish Harding, 58, a British businessman and explorer; Paul-Henri Nargeolet, 77, a French maritime expert; Shahzada Dawood, 48, a British Pakistani businessman; and his son, Suleman, 19.

Persons: Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman Organizations: OceanGate Expeditions, Stockton Rush Locations: Everett, Wash, British, British Pakistani

☆ OceanGate suspends all exploration and commercial operations after Titan implosion
▼ + stars: | 2023-07-06 | by ( Minyvonne Burke | Austin Mullen | ) www.cnbc.com time to read: +4 min

OceanGate said it is suspending all exploration and commercial operations weeks after its submersible imploded near the Titanic wreckage site killing all five people on board. "OceanGate has suspended all exploration and commercial operations," it read. The Transportation Safety Board of Canada launched a safety investigation into the incident. The Transportation Safety Board of Canada said its investigation will focus on finding "all causal and contributing factors" in the incident "without attributing blame or civil or criminal liability." The National Transportation Safety Board will investigate what happened and issue any safety recommendations to prevent a similar tragedy from happening in the future.

Persons: OceanGate, Hamish Harding, Paul Henry Nargeolet, Shahzada Dawood, Suleman, Azmeh Dawood, Brian Weed, Weed, Josh Gates, Tom Costello, Colin Taylor, Aaron Newman, —, — Doha Madani, Daniel Arkin, Marlene Lenthang, Melissa Chan Organizations: OceanGate Expeditions, Stockton Rush, Transportation Safety Board of Canada, NBC News, Titan, Transportation Safety Board, Canada, Transportation Locations: Port, Everett, Everett , Washington, British, French, Canadian, OceanGate, — Doha

Lochridge worked as an independent contractor for OceanGate in 2015, then as an employee between 2016 and 2018, CNN has reported. He soon became tangled in litigation with OceanGate, claiming he was wrongfully terminated for raising concerns about the safety and testing of the Titan. “There’s no way on earth you could have paid me to dive the thing,” Lochridge continued. McCallum, a divemaster who has led expeditions to the Titanic, warned Rush in 2018 about the safety of the Titan submersible, telling the CEO he was putting himself and his clients in danger, CNN previously reported. Salvaged pieces of the Titan submersible from OceanGate Expeditions arrive Wednesday in St. John's, Newfoundland and Labrador, via the Horizon Arctic ship.

Persons: CNN —, ” David Lochridge, Lochridge, ” Lochridge, Rob McCallum, “, McCallum, Rush, David Hiscock, –, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman Dawood Organizations: CNN, OceanGate, Stockton Rush, New Yorker, Titan, OceanGate Expeditions Locations: North, New, St, John's, Newfoundland, Labrador, British, French

☆ Chart analyst Katie Stockton says S&P 500 has a 'better opportunity' to go to new highs thanks to megacap leaders
▼ + stars: | 2023-07-03 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

The S & P 500 has a 'better opportunity' to make new highs thanks to megacap leadership, one chart analyst said. Fairlead Strategies' Katie Stockton currently holds a 4510 objective for the benchmark index, remaining positive partly because of the uptrend in megacap tech stocks. "We've seen the cumulative advance-decline line come through some resistance of its own, and that essentially confirms the breakouts that we've seen since mid-May, and should foster a little bit of upside follow through, adding to the longevity of the trend," Stockton added. Stockton said megacap tech stocks still have "great momentum," and that they can still trend higher. To be sure, the chart analyst still encourages a balanced portfolio that also holds some Treasury and gold exposure in addition to equities.

Persons: Katie Stockton, that's, Stockton, CNBC's, We've, we've Organizations: Apple Locations: Stockton

☆ These are the 9 safety concerns an ex-OceanGate worker raised with Stockton Rush about the Titan sub, including fears about its carbon-fiber hull, report says
▼ + stars: | 2023-07-03 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

An ex-OceanGate worker reportedly raised at least nine Titan safety concerns with CEO Stockton Rush. They included fears the carbon-fiber hull could come apart with repeated dives, per The New Yorker. Experts believe the vessel's carbon-fiber hull may have failed first when the submersible imploded and the five people on board, including Rush, died. He also said in a lawsuit that he reported in 2018 that the submersible's safety could be compromised by poor "quality control and safety" protocols that "paying passengers would not be aware" of. Rush had defended the safety of the submersible and repeatedly criticized what he saw as overly safety regulations blocking innovation.

Persons: David Lochridge, —, Lochridge, Rush, Glue, OceanGate Organizations: Stockton Rush, Service, Titan, Yorker, OceanGate Expeditions Locations: OceanGate

☆ OceanGate threatened to sue its former chief pilot in 2018 unless he withdrew allegations that he'd been fired in retaliation for raising safety concerns, says report
▼ + stars: | 2023-07-03 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

David Lochridge claimed he was fired in retaliation for raising safety concerns about the sub. Lochridge was fired in 2018 after a meeting with OceanGate CEO Stockton Rush, where they discussed safety. David Lochridge, OceanGate's former chief pilot, was fired in January 2018 after a meeting with OceanGate CEO Stockton Rush. The meeting was about safety concerns Lochridge raised in a report about the submersible, which was previously called the Cyclops II, the report said. In his safety report in January 2018, Lochridge pointed to alleged issues that were either defects or unproven, The New Yorker reported.

Persons: OceanGate, David Lochridge, Lochridge, —, Rush, Rob McCallum, Thomas Gilman, Gilman, McCallum, Insider's Tom Porter Organizations: Stockton Rush, Service, Yorker, Titan, US Department of Labor, Occupational Safety, Health Administration, OSHA, Rush Locations: Lochridge

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