Author: News Room

The Francis Scott Key Bridge in Baltimore collapsed Tuesday morning after a ship crashed into it.Jen Woof told the Telegraph her son Jayden crossed the bridge three minutes earlier.He went across the bridge three times after an argument with his girlfriend. One Baltimorean was lucky to avoid Tuesday’s bridge collapse by mere minutes after crossing over it three times, The Telegraph reported.Jen Woof told the newspaper that her son, Jayden, was planning to stay overnight at his girlfriend’s home on the north side of the river. But after an argument, he crossed the bridge back home.Jayden then reportedly drove back…

ADDIS ABABA (Reuters) – The state-owned Commercial Bank of Ethiopia has recovered more than three-quarters of the $14 million it lost when a software glitch earlier this month allowed customers to withdraw more funds than they held in their accounts, it has said. Around 78% of the 801 million birr withdrawn from cash machines or transferred during the night of March 15, or 622.9 million birr ($11 million), has been returned, the president of the bank Abie Sano said on Tuesday. The lender has published the names of the more than 500 people who are yet to return the balance,…

Investing.com– U.S. stock index futures rose Wednesday, rebounding after three straight days of losses amid uncertainty ahead of more cues on inflation and the Federal Reserve. By 06:50 ET (11:50 GMT), the contract was up 200 points, or 0.5%, traded 27 points, or 0.5%, higher and climbed 105 points, or 0.6%. PCE inflation, Fedspeak awaited for more trading cues  Wall Street indexes have fallen back this week after clocking record highs last week, with traders cautious as they seek more cues on the path of inflation and interest rate cuts. There is expected to be a bounce later in the…

A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. dollar is flexing muscle yet again as the first quarter grinds to a close, surging anew on Wednesday against Japan’s yen, the Swiss franc and – and drawing stern warnings from Japanese government officials in the process. The dollar/yen exchange rate hit a 34-year high just a whisker from 152 overnight — surpassing previous peaks from 2022 that drew intervention from the Bank of the Japan at the time. The dollar has now jumped almost 20% against the yen since the beginning of last…

Since its founding by William Boeing more than a century ago, the Boeing Company has had 12 CEOs. The 13th might be the most important yet. As Boeing begins its search for a new CEO, the company is facing its worst-ever crisis. It has struggled through more than five years of safety incidents and bad news that created unprecedented doubt about the quality of its aircraft. It faces multiple federal investigations into its commercial plane practices, as well as an outcry from the airline customers that buy its planes. In addition to two fatal crashes that cost 346 lives, the…

Floki (FLOKI) has been in a bullish rally in the last 24 hours after establishing support at the intra-day low of $0.0002283. The meme-inspired cryptocurrency has unveiled an ambitious roadmap for 2024, aiming to transition from its status as a mere memecoin to a more utilitarian token within the digital finance landscape. This shift is underscored by advancements in digital banking, DeFi integration, and the upcoming launch of its metaverse game, Valhalla. FLOKI/USD 24-hour price chart (source: CoinStats) FLOKI/USD Technical Analysis Against the backdrop of these developments, Floki Inu’s market performance has exhibited resilience. Despite a brief correction, the token…

U.S. stocks have “limited upside” from here, given the macroeconomic backdrop — and investors should be looking for better opportunities elsewhere, according to Goldman Sachs Asset Management.The U.S. economy has been surprisingly resilient in the face of the Federal Reserve’s aggressive monetary policy tightening over the last two years, defying expectations of a 2023 recession.Though GSAM’s base case is for the Fed to engineer a soft landing and for the U.S. economy to avoid recession, James Ashley, head of international market strategy, told CNBC on Wednesday that if a recession were to come, it would be this year.”The Fed only…

Barack Obama spent several hours last Friday in the family dining room of the White House, visiting his former vice president, Joe Biden. The occasion was hardly just two old friends catching up. Obama has made clear to associates in recent months that he believes Biden’s intensifying re-match with Donald Trump in November will be incredibly close, and that the 2024 election marks an “all-hands-on-deck” moment, people familiar with his thinking told CNN. To that end, his return to 1600 Pennsylvania Avenue last week was largely a working visit. Biden and Obama, along with former House Speaker Nancy Pelosi, participated in an organizing call…

Topline Manhattan Judge Juan Merchan on Tuesday banned former President Donald Trump from disparaging witnesses, prosecutors, jurors and court staff in his hush money case as it’s set to go to trial on April 15—hours after Trump attacked Merchan, his daughter, Manhattan District Attorney Alvin Bragg and several others associated with the case. Key Facts The gag order—which Bragg requested and does not apply to him—prohibits Trump from making public statements about prosecutors, jurors and prospective jurors, and staff working in the DA’s office or court and their family members “if those statements are made with the intent to materially…

Much like in the US, Canada is experiencing a severe housing affordability crisis, and the country’s indigenous communities, known as First Nations, have long suffered disproportionately from inadequate housing.But Canada’s indigenous communities are fighting to address the issue. In Vancouver alone, several First Nations are leading a major push to build housing on indigenous-owned land, in some cases partnering with the federal government to build entirely new communities that will house tens of thousands of people, while generating wealth for generations of First Nations members to come.Ground has already been broken on one of these projects, 11 towers with 6,000…