Month: September 2024

Hurricane Helene, a powerful storm that hit the Southeastern U.S., has left a trail of destruction and devastation across several states, including Florida, Georgia, South Carolina, North Carolina, and Virginia. The storm, which made landfall on Florida’s Gulf Coast on Thursday night, brought winds of up to 140 mph and…

In this article, Jim Cramer discusses how the beginning of an interest rate cycle causes a change in the stock market, and how investors must adapt by buying stocks that perform well when rates decrease, particularly housing-related stocks. He highlights three Club stocks – Best Buy, Stanley Black & Decker,…

China’s stock market has experienced a significant surge after the government announced plans to boost the economy. The CSI 300, an index of stocks traded in Shanghai and Shenzhen, rallied more than 15% in its best week since 2008. This sudden shift has caught the attention of hedge funds and…

California Governor Gavin Newsom has vetoed a controversial artificial intelligence (AI) safety bill, despite the increasing concerns surrounding the technology. The decision came after the tech industry expressed strong opposition, arguing that the bill could potentially drive AI companies away from California and stifle innovation. In his statement, Newsom emphasized…

A chemical plant fire at the BioLab facility in Conyers, Georgia, east of Atlanta, caused a large plume of gray smoke to billow into the air on Sunday. The fire started around 5 a.m. when a malfunctioning sprinkler head mixed water with a water-reactive chemical, according to Rockdale County Fire…

East Coast and Gulf of Mexico Port Strike Set to Begin on Tuesday The International Longshoremen’s Association (ILA) union announced on Sunday that a port strike on the U.S. East Coast and Gulf of Mexico will commence on Tuesday. This strike could lead to significant delays and disruptions in supply…

The People’s Bank of China (PBOC), the central bank of the People’s Republic of China, has announced a series of measures to support the country’s struggling property market amid a slowing economy. The central bank said it would instruct banks to lower mortgage rates for existing home loans before October…

On Sunday afternoon, popular audio streaming platform Spotify experienced a service disruption that affected tens of thousands of users worldwide. The outage was tracked by Downdetector.com, a website that monitors outages across various services using user reports and other sources. At its peak, the website showed approximately 40,602 affected users…

Billionaire investor Mark Cuban has warned Tesla CEO Elon Musk against forming an alliance with former President Donald Trump. Cuban believes that Trump may not repay his political debts, and that Musk will find out that Trump’s loyalty is only to himself. This warning came after Musk posted on X,…

Satellite image showing Tropical Storm Helene moving up the Eastern U.S. on Sept. 27th, 2024.NOAAPERRY, Fla. (AP) — Massive rains from powerful Hurricane Helene left people stranded, without shelter and awaiting rescue, as the cleanup began from a tempest that killed at least 64 people, caused widespread destruction across the…