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☆ There's already a queue of cargo ships backing up at US ports
▼ + stars: | 2024-10-03 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

AdvertisementCargo vessels (green dots) and tankers (red dots) at anchor outside Eastern US ports. AdvertisementCargo vessels (green dots) and tankers (red dots) along the Mid-Atlantic. Cargo vessels (green dots) and tankers (red dots) along the Gulf Coast. Cargo vessels (green dots) and tankers (red dots) outside Savannah, Georgia, and Charleston, South Carolina. Cargo vessels (green dots) and tankers (red dots) outside Norfolk, Virginia.

Persons: —, Andrew Coggins, Coggins, MarineTraffic.com Burt Flickinger, MarineTraffic.com, Brandon Daniels, Daniels, Taft, Hartley, Hurricane Helene Organizations: Industry, Service, International Longshoreman's Association, Reuters, Pace University, MarineTraffic.com, Strategic Resource, ILA, US Marine Alliance Locations: East, Gulf Coast, New York, Virginia Beach, Savannah, Miami , New Orleans, Houston, Gulf, Western, Savannah , Georgia, Charleston , South Carolina, Norfolk , Virginia, Hurricane

☆ Tech journalist Taylor Lorenz breaks down her Substack plans and why she's leaving legacy media for the creator economy
▼ + stars: | 2024-10-03 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +12 min

The tech journalist Taylor Lorenz is going solo and launching her own Substack publication. AdvertisementThe tech journalist Taylor Lorenz is going full creator mode, launching her own Substack publication called User Mag. "We are grateful for the work Taylor has produced at The Washington Post," a Post spokesperson said in a statement. I think Substack is doing a lot more in terms of multimedia. So there's people like that, that I'm really going to miss having access to their minds on a daily basis.

Persons: Taylor Lorenz, Lorenz, —, Vox, Joe Biden, Taylor, Eric Newcomer, Simon Owens, Matthew Yglesias, Yglesias, Peter Kafka, Seibel, He's, Mark, that's, Johnny Harris, Cleo Abram, Ryan Broderick, There's, J Aubrey, Mina Le, Hasan Piker, Kate Lindsay, I'm, Substack, haven't, Zoe Jensen, Drew Harwell, Drew, You've, Tucker Carlson, I'd, I've Organizations: Washington, BI, Service, The New York Times, Washington Post, YouTube, Fox News, The Washington, Post, Garbage, Vox, Business Locations: Substack livestreaming

☆ Stellantis U.S. auto sales extend free fall in third quarter
▼ + stars: | 2024-10-02 | by ( Michael Wayland | ) www.nbcnews.com time to read: +3 min

DETROIT — Stellantis’ U.S. new vehicle sales continued a yearslong free fall during the third quarter, despite CEO Carlos Tavares’ attempts to correct what he has called “arrogant” mistakes. Stellantis was expected to be the worst sales performer of major automakers during the third quarter. Auto industry forecaster Cox Automotive had projected a sales decline of roughly 21% for the carmaker. All of Stellantis’ brands except for its niche Fiat unit experienced sales declines in the third quarter, led by more than 40% reductions for Chrysler and Dodge. Stellantis’ performance compares with the overall U.S. new light-duty vehicle sales market, which increased 13% last year, according to federal data.

Persons: Carlos Tavares ’, Stellantis, Cox, Edmunds, Matt Thompson, Tavares Organizations: DETROIT, carmaker, Auto, Cox Automotive, U.S, Fiat, Chrysler, Dodge, Jeep, New York Stock Exchange, Stellantis, Fiat Chrysler, France’s PSA Groupe, United Auto Workers Locations: ’, U.S

☆ Vance and Walz debate highlights and Israel vows retaliation against Iran: Morning Rundown
▼ + stars: | 2024-10-02 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +10 min

JD Vance and Tim Walz play nice during the vice presidential debate. Vance and Walz put on a display of Midwest nice in vice presidential debateCordial handshakes book-ended the first and only debate between vice presidential candidates Sen. JD Vance of Ohio and Minnesota Gov. On and on it went as Vance, the right-wing Republican, and Walz, a progressive Democrat, put on a textbook performance of Midwest nice. Both Vance and Walz attempted to pin America's woes on the others' presidential candidates. Read more about the missile attack in Israel and follow our live blog for the latest updates.

Persons: Vance, Tim Walz, Benjamin Netanyahu, Israel, Walz, Sen, JD Vance, Harris, Joe Biden, Kamala Harris, “, → Walz, → Vance, Trump, “ Tim, I’m, ” Walz, Hassan Nasrallah, Masoud Pezeshkian, ”, Read, Hurricane Helene, Helene, Saul Young, Bertha Mendoza, Mendoza, ” Guillermo Mendoza, Bertha Mendoza’s, Angel Mitchell, Biden, Kamala Harris ’, Sean “ Diddy ” Combs, John Amos, Mount Everest, David Gray, Everest, Elizabeth Robinson Organizations: Minnesota Gov, Republican, Biden, Trump, Israel Defense Forces, Israeli, Impact Plastics, News Sentinel, USA, Network, National Weather Service, Jewish, NBC News, Good Times, NBC, Deal Locations: Everest, Ohio, Springfield , Ohio, Hong Kong, Israel, Iran, Lebanon, U.S, Gaza, Yemen, Syria, East, Tennessee, Hurricane, Erwin, Tenn, Asheville, —, Asheville . Politics, Gulf, Mexico, Texas, Mount

☆ In pictures: Solar eclipse creates ‘ring of fire’
▼ + stars: | 2024-10-02 | by ( Kyle Almond | ) edition.cnn.com time to read: 1 min

An annular solar eclipse was seen in parts of South America on Wednesday, creating a blazing “ring of fire” in the sky. Annular solar eclipses occur when the moon passes between Earth and the sun and the moon is near or at the farthest point in its orbit from Earth. The moon doesn’t completely block the sun as it does during a total solar eclipse, which is what causes the ring of fire effect. Although the path of the eclipse tracked over the Pacific and Atlantic oceans and Antarctica, only parts of Argentina and Chile, including Easter Island, were able to see the ring of fire.

Organizations: South America, Pacific Locations: South, Antarctica, Argentina, Chile, Easter

☆ Asheville was considered a climate haven. Helene shows nowhere is safe
▼ + stars: | 2024-10-02 | by ( Laura Paddison | Holly Yan | ) edition.cnn.com time to read: +7 min

CNN —Asheville was touted as a climate haven, a place to escape the worst ravages of extreme weather. It pummeled western North Carolina as a tropical storm Friday. In some ways, this scenic swath of western North Carolina was primed for catastrophe. Both systems concentrated their highest rainfall on western North Carolina, killing 11 people. A recent First Street report found parts of North Carolina devastated by Helene could now experience a once-in-100 year flood every 11 to 25 years.

Persons: ”, Kathie Dello, Hurricane Helene, Helene, Melissa Sue Gerrits, Jesse Keenan, Susan Hassol, Dello, ” Dello, Ivan, Frances, Sean Rayford, Fred, Travis Long, Helene “, Ed Kearns, ” Kerns, Esther Manheimer, Tulane University’s Keenan, Keenan, ” There’s, Rachel Ramirez, Ella Nilsen, Brandon Miller Organizations: CNN, Asheville, Highways, Biltmore, Tulane University, Lawrence Berkeley National Laboratory, Tropical, First Street Foundation, Tulane Locations: North Carolina, America, North Carolina’s, Florida, Buncombe County, Asheville, Gulf of Mexico, California , Arizona, Carolinas, Georgia, Buncombe, Biltmore Village, Cruso , North Carolina, Canada, Vermont, West Virginia, Phoenix

☆ You probably can't make more than $1 million a year on Substack. But Matthew Yglesias does.
▼ + stars: | 2024-10-02 | by ( Peter Kafka | ) www.businessinsider.com time to read: +10 min

That turned out to be a very good decision: Yglesias says Slow Boring is grossing around $1.4 million a year, with limited overhead. Substack gives writers like Yglesias — and now, Taylor Lorenz — a lot of freedom and the ability to make a lot of money. Now, she's off to work on her own via User Mag, a new Substack publication she's launching this week. The Substack was an immediate success, and within a few months, Yglesias had 9,800 subscribers, paying him around $80 a year. Yglesias says he now has nearly 18,000 subscribers, which means he is likely grossing at least $1.4 million a year.

Persons: Matthew Yglesias, Yglesias, Taylor Lorenz, —, Lorenz, Harris, Vox, Ezra, doesn't, Substack, Kate Crawford, I've, Bari Weiss, Weiss, Kate, Crawford, that's, LaCroix, Matt, you've Organizations: Vox, Service, The New York Times, Washington Post, Democratic, Trump, who's, Republican, Netflix, Newsweek Locations: who's, Los Angeles, Vox.com

WASHINGTON — A dockworkers strike threatens to harm shipping, manufacturing, pre-holiday retail inventories — and Vice President Kamala Harris' bid for the presidency. They have been at an impasse with the United States Maritime Alliance, or USMX, which represents shipping and port operations companies. As polls show Harris trailing Trump on the question of who is best suited to handle the economy, the work stoppage puts Democrats in a bind. Harold Daggett, center, with picketing workers outside of the APM container terminal at the Port of Newark in New Jersey, on Tuesday. "President Trump promised to support the ILA in its opposition to automated terminals in the U.S.," Daggett said in the statement.

Persons: WASHINGTON, Kamala Harris, Harris, Tim Walz, Donald Trump's, Sen, JD Vance, Ohio, —, Joe Biden, Pete Buttigieg, Julie Su, Lael Brainard, Trump, Harold Daggett, ” Daggett, Biden, Taft, Hartley, They've, Daggett, Joe Biden’s, “, Michael Nagle, ” Trump, Tim Ryan, Vance, didn't, ” Organizations: Longshoreman's Association, Minnesota Gov, United States Maritime Alliance, Trump, ILA, AFL, Teamsters, Fox News, Democratic, USMX, APM, Port, Bloomberg, Getty, Democratic Party, Federal, Senate Locations: Gulf of Mexico, New York, Washington, Taft, U.S, Delaware, Palm Beach , Florida, Queens, Newark, New Jersey, Trump's

☆ Iran's in a no-win scenario but feel like 'they have to do something', says Atlantic Council CEO
▼ + stars: | 2024-10-01 | 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 EmailIran's in a no-win scenario but feel like 'they have to do something', says Atlantic Council CEOFred Kempe, The Atlantic Council CEO and CNBC contributor, joins 'Money Movers' to discuss how U.S. involvement looks in rising tensions in the Middle East, what's at stake for Iran, and much more.

Persons: Fred Kempe Organizations: Atlantic, Atlantic Council, CNBC Locations: what's, Iran

☆ October’s ‘ring of fire’ solar eclipse: Time, path and where to see it
▼ + stars: | 2024-10-01 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

If you’re in the path of the partial or annular eclipse and plan to observe either celestial spectacle, make sure you have a pair of certified eclipse glasses or a handheld solar viewer. The eclipse pathThe annular eclipse will begin at 12:50 p.m. A global map shows the path of the annular solar eclipse on October 2. If you don’t have certified eclipse glasses or use a handheld solar viewer to observe the annular eclipse, you can use a telescope, binoculars or camera that has a special solar filter on the front, which acts the same way eclipse glasses would. The small space between will reflect the sun’s crescent during a partial eclipse or a ring during the annular eclipse.

Persons: Kent Nishimura, you’re Organizations: CNN, South America, NASA, Pacific, Atlantic Coast, American Meteor Society, Taurids Locations: South, Pacific, Rapa Nui, Easter, Argentina, Chile, Hawaii, American Samoa, Brazil, Fiji, French Polynesia, Mexico, New Zealand, Pitcairn Islands, Kiribati, Tonga, Uruguay, South Georgia, Falkland, Falkland Islands

☆ A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge
▼ + stars: | 2024-10-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City. Workers at ports stretching from Maine to Texas went on strike early Tuesday in a dispute over wages and automation. Workers picket outside of the APM container terminal at the Port of Newark in Newark, New Jersey, US, on Tuesday, Oct. 1, 2024. You might say it is a perfect storm, but it is also a really good negotiating position for those people wanting a strike," Sand said. Cranes used for shipping containers rise from the Port of Newark on September 30, 2024 in New York City.

Persons: Spencer Platt, Lisa DeNight, Newmark, CNBC's, DeNight, Peter Sand, Sand, Maersk, Bradley Saunders, Joe Biden, Biden, Taft, Hartley Organizations: Getty, U.S, Workers, International Longshoremen's Association, ILA, United States Maritime Alliance, " Workers, APM, Port, Bloomberg, Maersk, North America Economist, Capital Economics Locations: Port, Newark, New York City, East, Gulf, Maine, Texas, U.S, Red, Panama, Baltimore, Gulf Coast, Europe, Asia, Newark , New Jersey, US, Danish, East Coast

☆ These consumer products are most likely to be impacted by the port strike
▼ + stars: | 2024-10-01 | by ( Dominick Reuter | Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

US port workers are on strike following the expiration of their labor contract Monday night. The work stoppage at Eastern and Gulf Coast facilities will impact a host of consumer products. AdvertisementUS port workers with the International Longshoremen's Association are on strike following the expiration of their union's contract Monday night. In the latest development of the ongoing labor dispute, the work stoppage at Eastern and Gulf Coast facilities is expected to impact a host of consumer products. Continental Tire, Michelin, and Goodyear are all top importers through East and Gulf Coast ports, Pacula noted.

Persons: —, Margaret Kidd, Brian Pacula, West, Tim Ryan, Pacula, Dali, Francis Scott Key, Hurricane Helene, Michael Yamartino, Chris Butler Organizations: Gulf, Service, International Longshoremen's, Conference Board, University of Houston, Walmart, Wall, Jefferies, Continental Tire, Michelin, Goodyear, Port, National Tree Company Locations: Gulf Coast, West Coast, Central, South America, West Monroe, Florida, Peru, Miami, Asia, East, Europe, Baltimore, Hurricane

☆ Typhoon Krathon: Taiwan warns of possible ‘catastrophic’ impact ahead of storm landfall
▼ + stars: | 2024-10-01 | by ( Eric Cheung | Robert Shackelford | ) edition.cnn.com time to read: +3 min

Super Typhoon Krathon, equivalent to a Category 4 Atlantic hurricane, is currently situated in the Bashi Channel in the northern part of the Luzon Strait, between Taiwan and the Philippines. As of 11:30 a.m. local time Tuesday, it had winds of 240 kph (150 mph), according to the Joint Typhoon Warning Center (JTWC). The storm, known locally in the Philippines as Julien, has already lashed the country’s northernmost islands, prompting evacuations and severe flooding in coastal communities. Rescuers help residents as they negotiate floods caused by powerful Typhoon Krathon locally called "Typhoon Julian" at Bacarra, Ilocos Norte province, northern Philippines on Monday, September 30, 2024. Krathon is set to be the second typhoon to make landfall on Taiwan this year, after Typhoon Gaemi struck the island in July, killing 11 people.

Persons: Julien, Julian, Bernie Dela Cruz, “, Krathon, Lai Ching, Chen Chi, Sun Li, Typhoon Gaemi Organizations: Taiwan CNN, Super, Typhoon Warning, Philippine News Agency, Central Emergency Operations Center, Weather Administration Locations: Taipei, Taiwan, Philippines, Luzon, Taiwan’s, Kaohsiung, Bacarra, Ilocos Norte, Taiwan’s Hualien

☆ NATO's new chief will have to confront threats outside the alliance — and within
▼ + stars: | 2024-10-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Mark Rutte, incoming secretary general of the North Atlantic Treaty Organization (NATO), during a transition ceremony at the NATO headquarters in Brussels, Belgium, on Tuesday, Oct. 1, 2024. Mark Rutte, the affable and meticulous former Dutch premier, has a daunting task ahead to keep the defense alliance a global force. "As Secretary General, I will work on three main priorities," Rutte said as he took over the reins from Jens Stoltenberg during a handover ceremony in Brussels. "The first is to keep NATO strong and to ensure our defenses remain effective and credible against all threats. U.S. President Donald Trump (L) speaks with Jens Stoltenberg, Secretary General of NATO as they attend the NATO summit at the Grove Hotel on December 4, 2019 in Watford, England.

Persons: Mark Rutte, Rutte, he's, —, Donald Trump, Jens Stoltenberg, Vladimir Putin, Armida van Rij, Kamala Harris, I'm, She's, Dan Kitwood Organizations: Atlantic Treaty Organization, NATO, Bloomberg, Getty, U.S, Ukraine, European Union, Kremlin, Chatham House, Royal United Services Institute, Republican, Trump Locations: Brussels, Belgium, Netherlands, Russia, Ukraine, China, North Korea, Iran, NATO, Moscow, Grove, Watford, England

An OSHA spokesperson said in a response to NBC News that the agency did forward his safety allegations to the Coast Guard, which has the jurisdiction to investigate such claims. The Coast Guard also noted at the start of the hearing that the Titan never underwent an independent review, which is standard practice in the industry. “If the Coast Guard became a problem, then he would buy himself a congressman and make it go away,” McCoy said, adding that he resigned soon after. Rush “said the usual response that ‘it takes too long,’” Kohnen testified about getting OceanGate’s submersible classified by the industry. In a transcript of the conversation made public by the Coast Guard as part of the hearing, Rush denied he was going to put anyone at risk with the Titan.

Persons: Paul, Henri Nargeolet, Hamish Harding, Shahzada Dawood, Suleman, Dawood, OceanGate, ” David Lochridge, Rush, ”, Lochridge, ” Lochridge, Tony Nissen, —, Nissen, “ I’m, Amber Bay, Roy Thomas, Thomas, Steven Ross testified.Rush, Ross, ” Ross, “, Bart Kemper, ” Kemper, Guillermo Söhnlein, ’, Matthew McCoy, ” McCoy, William Kohnen, Rush “, ” Kohnen, ‘, ” Rush Organizations: U.S, OceanGate, Stockton Rush, Getty, LinkedIn, Coast Guard, OSHA, Occupational Safety, Health Administration, NBC News, Titan, American Bureau of Shipping, Kemper Engineering Services, Hydrospace Locations: U.S ., South Carolina, Washington, Canada, Amber, U.S

☆ 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

☆ Brazil drought: Stark pictures reveal dramatic shrinking of major Amazon rivers
▼ + stars: | 2024-09-30 | by ( Laura Paddison | Gianluca Mezzofiore | ) edition.cnn.com time to read: +7 min

Rio Negro in Manaus in Amazonas state Brazil on September 12, 2021. Copernicus, Sentinel-2 satellite Rio Negro on September 16 2024. Copernicus, Sentinel-2 satellite Satellite images of the Rio Negro on September 12 2021 versus September 16 2024 Copernicus, Sentinel-2 satellitePart of the Rio Negro in Manaus on June 19, 2024. So too is the Solimões River, whose muddy-colored waters converge with the Rio Negro at Manaus to form the Amazon River. Copernicus, Sentinel-2 satellite Copernicus, Sentinel-2 satellite Satellite images of Lake Tefé on August 26 2023 versus August 25 2024 Copernicus, Sentinel-2 satelliteResearcher Miriam Marmontel, from Mamirauá Institute for Sustainable Development, after finding a dead dolphin on Lake Tefé on September 18, 2024.

Persons: It’s, —, Copernicus, Edmar Barros, Lincoln Alves, Jorge Silva, ”, Alves, ” Miriam Marmontel, Miriam Marmontel, Leonardo Benassatto, Romulo Batista, Adriana Cuartas, André Guimarães, El, El Niño, Cemaden’s, ” Guimarães, “, ” Cuartas Organizations: CNN, Amazon, Rio, — Rio, Sentinel, Rio Negro, National Institute for Space Research, Reuters, Mamirauá Institute, Sustainable Development, Greenpeace, Amazon Environmental Research Institute Locations: Brazil, Rio, Manaus, Amazonas, Rio Negro, — Rio Negro, Tabatinga, Brazilian, Colombia, Peru, Tefé, Copernicus, Greenpeace Brazil, “

High risk of natural disaster and extreme heat For two decades, they’ve also been some of the most popular places to move as Americans have flocked to the South and West. Much of Vermont, which is not highlighted as high risk in the maps above, saw devastating flooding last year following a record-breaking storm. Jacksonville Tallahassee Gainesville Daytona Beach Orlando Tampa HIGH HURRICANE WIND RISK Sarasota The Tampa metro area has been one of the fastest growing in the country. Many of these new residents have settled in coastal communities that are at high risk for hurricanes. Dallas-Fort Worth sits in an area at high risk for serious thunderstorms, hailstorms and tornadoes.

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

☆ Trump Media stock is down 70% since going public. One expert says its $3 billion valuation is still 'unjustifiable.'
▼ + stars: | 2024-09-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Trump Media shares have plunged 70% since going public in March. AdvertisementShares of Trump Media have plunged 70% since the company went public in March. Even after that sell-off, it's carrying a market value of roughly $3 billion, a figure one expert says is still too high. AdvertisementIn addition to the eye-watering valuation, Woods said Truth Social's growth has limited upside due to its political nature. Another lingering issue weighing down Truth Social stock is Trump's increasingly frequent use of its biggest competitor, X, formerly known as Twitter.

Persons: —, Jay Woods, Woods, There's, Trump, he's Organizations: Trump Media, Service, Bloomberg, Freedom Capital Markets, United Atlantic Ventures

☆ I tried to stay close to my ex's family after my divorce. But when his sister died, I realized things had changed.
▼ + stars: | 2024-09-29 | by ( Margery Berger | ) www.businessinsider.com time to read: +7 min

But when my ex-sister-in-law Barbara died, I realized that things had changedSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMy sister-in-law died five years after her brother and I divorced, but in my mind, I was still married to the rest of the family. AdvertisementThough I was the ex-sister-in-law, I had loved Barbara like a sister, and in my mind, that made me family. I was not surprised that I was given the opportunity to go through Barbara's things, because I had tried to remain part of the family after I got divorced five years earlier. Best of all, they always introduced me to people as their sister, and I felt like family.

Persons: Barbara, —, Margery Berger Organizations: Service, Netflix Locations: Maine

☆ Around 48 migrants missing, nine found dead, after boat sinks off Canary Islands
▼ + stars: | 2024-09-29 | by ( ) edition.cnn.com time to read: +2 min

Nine people, one of them a child, have been confirmed as dead after their boat sank in the early hours of Saturday morning, emergency and rescue services said. “After what happened yesterday and if the forecast for the arrival of the migrant boats happens, then it will be the biggest humanitarian crisis to happen to the Canary Islands in 30 years,” Candelaria Delgado of the Canary Islands government, told reporters on Sunday. Three of those rescued suffered from hypothermia and dehydration, rescue services said on Sunday. As hopes of finding more survivors diminished, police installed a morgue on El Hierro, authorities said. Three other boats reached the Canary Islands during the night, carrying 208 migrants.

Persons: El, Frontex, ” Candelaria Delgado Organizations: Spain Reuters — Patrol, Rescuers, Spanish coastguard, Reuters, Channel, Canary Locations: El Hierro, Spain, Africa, Canary, Spanish, Mali, Mauritania, Senegal, West Africa, Turkey, Greece, Britain, Lanzarote

☆ Hurricane Helene: Now comes the hard work of recovering
▼ + stars: | 2024-09-29 | by ( Steve Almasy | ) edition.cnn.com time to read: +18 min

Kathleen Flynn/Reuters Boats displaced by Hurricane Helene sit in front of homes in Treasure Island, Florida, on Saturday. Joe Raedle/Getty Images Hurricane Helene is seen in a satellite photo Thursday afternoon. He was briefed Sunday by Federal Emergency Management Agency Administrator Deanne Criswell and Homeland Security Adviser Liz Sherwood-Randall on recovery efforts from Hurricane Helene. Heavy rains from hurricane Helene caused record flooding and damage on September 28 in Asheville, North Carolina. Workers clear Cane Creek Road in the aftermath of Hurricane Helene on September 29 in Fairview, North Carolina.

Persons: Joe Biden, “, Meredith Keisler, Keisler, ”, Krista Cortright, Cortright, ” Cortright, Hurricane Helene, Gerald Herbert, Melissa Sue Gerrits, Sean Rayford, Elmira Glover, Kathleen Flynn, Helene, Joe Raedle, Marco Bello, Jonathan Drake, John Falchetto, Cassandra Randall, Jessica Downey, Greg Lovett, Hailey Morgan, Phelan M, Megan Varner, Sarah Cribbins, Michael, Luis Santana, Miguel J, Rodriguez Carrillo, Richard Burkhart, Mike Carlson, Mike Stewart, Candice Ocvil, Jibri Tolen, Erik S, Cristobal Herrera, Candace Redwine, Guy Ford, George G, Tapper, Ricardo Arduengo, Joe Burbank, Carol Poulson, Andrew West, Cynthia Centeno, Reuters Charles Starling, Stephen M, Dowell, Chandan Khanna, Thomas Simonetti, Pete Beach, Ramon Espinosa, Paola Chiomante, Michael Callahan, Duke, ” Callahan, –, Avril Pinder, Craig Fugate, William Ray, ” Fugate, ” Cooper, Biden, Brian Kemp, Roy Cooper, Deanne Criswell, Liz Sherwood, Randall, Criswell, Donald Trump, ” Trump, “ It’s, It’s, Ken Graham, Esther Manheimer, ” Manheimer, Michelle Coleman, CNN she’s, Coleman, ” Coleman, Gary O’Dell, he’s, I’ve, ” CNN’s Robert Shackelford, Sarah Dewberry, Rafael Romo, Jade Gordon, Ashley R, Williams, DJ Judd, Sunlen Serfaty, Lauren Mascarenhas, Eric Levenson, Isabel Rosales, Taylor Galgano, Sara Smart, Conor Powell, Caroll Alvarado, Caroline Jaime, Emma Tucker, Artemis Moshtaghian, Afshar, Raja Razek Organizations: CNN, White House, ” Workers, Hurricane, Getty, Reuters, USA, Tampa Bay Times, AP, AFP, East, Savannah Morning, United States Coast Guard, Walt Disney, Orlando Sentinel, Tribune, Service, Fairview Middle School, Fishel, State Emergency Operations Center, Washington Post, NOAA, Buncombe County , North Carolina –, Emergency, ”, Sunday, Georgia Gov, North Carolina Gov, Federal Emergency Management, Homeland, Weather, National Weather Service, Workers, WLOS, Asheville Dream Center Locations: North Carolina, South Carolina, Georgia, Florida, Tennessee, Virginia, Carolinas, Asheville, Marion, Western North Carolina, Hurricane, Steinhatchee , Florida, , North Carolina, Asheville , North Carolina, Treasure Island , Florida, Horseshoe Beach , Florida, Boone , North Carolina, Valdosta , Georgia, AFP, Laurel, Vilas , North Carolina, Crystal River , Florida, Peachtree Creek, Atlanta, , Florida, Savannah , Georgia, Savannah, Shore, St . Petersburg , Florida, Key , Florida, Tarpon Springs , Florida, Watauga, Sugar Grove , North Carolina, Port Saint Joe , Florida, Bay Lake , Florida, Fort Myers Beach , Florida, Tallahassee, Leon County , Florida, Eastpoint , Florida, Villages, Tallahassee , Florida, Gulfport , Florida, St, Cross City , Florida, Guanimar, Artemisa province, Cuba, Panacea , Florida, Puerto Juarez, Cancun, Mexico, Clearwater , Florida, Buncombe County , North Carolina, ”, Washington, North Carolina , Tennessee, Rehoboth Beach , Delaware, Florida , Georgia, Alabama, Bend, Alabama , Tennessee, Erie , Pennsylvania, West Virginia, Kentucky, Baltimore, Fairview , North Carolina, Vietnam

☆ De-escalation in the Middle East is now up to Iran
▼ + stars: | 2024-09-28 | by ( Peter Gelling | ) www.businessinsider.com time to read: +4 min

AdvertisementIsrael's assassination of Hassan Nasrallah, the head of Hezbollah for over 30 years, is a major escalation in the Middle East conflict. A senior Iranian commander working with Nasrallah was also killed in the attack, Iranian state media confirmed on Saturday. AdvertisementIn the days after that attack, Iran telegraphed its response before launching hundreds of missiles and drones toward Israel in an unprecedented retaliation. AdvertisementIran's supreme leader, Ayatollah Ali Khamenei, in a statement released on Saturday, said Iran stands with Hezbollah but did not threaten any military response. Still, Israel, anticipating a response from Hezbollah and other proxies in the region, and possibly Iran as well, ordered its citizens to avoid large gatherings.

Persons: Hassan Nasrallah, Nasrallah, —, Israel, Mohammad Reza Zahedi, Slim, Ayatollah Ali Khamenei, Jonathan Panikoff Organizations: Service, Iranian Revolutionary Guard Corps, Force, Middle East Institute, Saturday, Israel Defense Forces, Atlantic Council Locations: Iran, Israel, Saudi Arabia, United States, Iranian, Damascus, Syria, Brig, Lebanon, Hamas, Gaza, Washington ,, Islamic Republic, Yemen, Tehran

☆ Trump Media insiders sell nearly 11 million shares after lock-up period expires
▼ + stars: | 2024-09-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A major Trump Media shareholder has sold nearly all of its company shares, an SEC filing showed. It's the first known sale of Trump Media shares following a September 19 lock-up expiry. AdvertisementTrump Media shareholder United Atlantic Ventures has sold nearly all of its stake in the company, amounting to nearly 11 million shares. The sale is the first known case of company insiders ditching Trump Media shares now that restrictions have expired. AdvertisementGiven how volatile the Trump Media stock is, UAV may have received anywhere between $128 million and $170 million for its sale.

Persons: —, Andrew Litinsky, Wes Moss, Donald Trump's, Moss, Trump, DJT Organizations: Trump Media, SEC, United Atlantic Ventures, Service, Social, UAV, Trump

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