Month: August 2024

Tech glitches trigger widespread disruption, small businesses hit hard
11
Aug
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By Jean Thompson
Science and Technology

Tech glitches trigger widespread disruption, small businesses hit hard

More news - Latest news NEW YORK — Following a faulty software update in Vienna, widespread technology disruptions continued at several airports around the world, causing a significant spike in flight cancellations. According to FlightAware, the United States saw a significant increase in domestic and international flight cancellations, totaling 758, exceeding the numbers typically seen on peak holiday days, with Delta Air Lines the hardest hit. Delta alone accounted for 626 of these cancellations, which represents about 83% of the total cancellations reported. Delta CEO Ed Bastian told passengers that the airline is moving forward to resume normal operations following…
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10-Year Treasury Yields Dip as Investors Await Crucial Jobs Data
10
Aug
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By Jean Thompson
International

10-Year Treasury Yields Dip as Investors Await Crucial Jobs Data

More news - Latest news The momentum in U.S. Treasury yields faded on Thursday, as global stocks cooled and expectations for upcoming economic indicators increased. The 10-year Treasury note yield fell 4.8 basis points to 3.92% early Thursday morning. This marked a slight recovery from the lowest point since June 2023, seen earlier in the week. Meanwhile, the 2-year Treasury note also fell, falling about 4 basis points to 3.959%. The inverse relationship between yields and bond prices continues, with a single basis point representing a 0.01% change. Global stock markets appeared to be lingering in a cautious state, following…
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Ismael ‘El Mayo’ Zambada Plans to Travel to New York to Stand Trial on Drug Trafficking Charges
10
Aug
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By Jean Thompson
International

Ismael ‘El Mayo’ Zambada Plans to Travel to New York to Stand Trial on Drug Trafficking Charges

More news - Latest news The U.S. Department of Justice has assigned the case against Ismael “El Mayo” Zambada to the Eastern District of New York. There, he is expected to face multiple charges, including drug trafficking, according to declassified documents verified by a knowledgeable source. Now 76, Zambada was arrested in El Paso, Texas, and has appeared twice in state court. The timing of his transfer to New York remains unclear, with estimates suggesting it could happen within the next few weeks, according to a source familiar with the details. Despite efforts by the Eastern District of Texas to…
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Midday stock highlights: Significant moves for Eli Lilly, Under Armour, Warner Bros. Discovery and others.
10
Aug
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By Jean Thompson
Investments and Business

Midday stock highlights: Significant moves for Eli Lilly, Under Armour, Warner Bros. Discovery and others.

More news - Recent news During the midday trading session, notable moves were observed in several prominent companies, with Eli Lilly, Under Armour, and Warner Bros. Discovery being the standouts. These moves reflect a variety of economic factors, corporate strategies, and market responses that warrant detailed analysis. Eli Lilly has seen a significant increase in its stock price, likely attributable to recent announcements of breakthroughs in innovative treatments that promise to significantly improve the quality of life of patients with chronic conditions. The positive reception of these advances by the medical community and investors has increased the value of its…
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Emergency evacuations and state of emergency in Kursk after Ukrainian raid
09
Aug
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By Jean Thompson
International

Emergency evacuations and state of emergency in Kursk after Ukrainian raid

More news - News 24 hours In response to a recent Ukrainian military action near its border, Russia has evacuated more than 3,000 citizens and declared a state of emergency in the Kursk region starting in early August 2024. The Russian Defense Ministry has released footage showing a retaliatory missile strike targeting Ukrainian military assets nearby. Local officials said the evacuation followed a significant military engagement initiated by Ukraine, marking a major escalation in the region. The ongoing operations in Kursk have caused heavy losses for Ukraine, including 660 soldiers and several armored units, according to a statement from the…
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Trump praised Gov. Walz’s handling of the 2020 Minneapolis riots
09
Aug
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By Jean Thompson
International

Trump praised Gov. Walz’s handling of the 2020 Minneapolis riots

More news - Recent news MINNEAPOLIS, Minnesota, United States — In 2020, amid the tumult following the tragic death of George Floyd, former President Donald Trump expressed approval for Minnesota Governor Tim Walz’s handling of a critical period of civil unrest. This support came despite previous criticism from Trump and his political ally J.D. Vance of Walz’s tactics. During a strategy call with U.S. governors on June 1, 2020, Trump praised the actions taken in Minneapolis. “They took control quickly and effectively,” Trump noted in the call, highlighting the city’s swift response. This conversation, recorded and later obtained by the…
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