News

Ian carves path of utter destruction

Published

3 years ago

September 30, 2022

After devastating Florida, Hurricane Ian is headed for Carolinas, Georgia

A grim picture of Hurricane Ian’s horrific wreckage emerged Thursday, as millions of people in Florida faced destroyed homes, completely flooded streets and power outages.

The storm’s power turned out to be worse than many had predicted.

Unfortunately, families who did not evacuate have been left stranded as rising water tore through their homes.

So far, hundreds have been rescued from floodwaters, and emergency crews are still struggling to reach some of the most devastated areas.

According to the National Hurricane Center, a storm surge of 12-18 feet hit as destructive waves struck the coast.

Officials say the hurricane knocked out power to more than 2.6 million customers, mainly in southwest and central Florida.

Meanwhile, the Florida Division of Emergency Management (FDEM) says that the next 72 hours will certainly be the most critical when it comes to rescue missions.

President Biden said there were ‘early reports of what may be substantial loss of life’ saying, that the numbers are still unclear but there are early reports of fatalities.

The President added, “water rescue is critical—Coast Guard deployed 16 rescue helicopter, six fixed wing aircraft and 18-rescue boats and crews. That’s just one element of the many federal search and rescue teams that were pre-staged in Florida.”

Florida Governor Ron DeSantis detailed the state’s “monumental effort” to help aid recovery and eventually rebuild.

“Those were really difficult images to see but we’re committed to restoring the infrastructure as needed. That is not going to be an overnight task. That is going to require a lot of love and care—it’s going to require a lot of resources, but we’re going to do it because we understand how important it is.”

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Veronica Dudo

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

News

Boeing secures record deal with Qatar Airways for jets

Boeing secures record deal with Qatar Airways for up to 210 planes, boosting both companies amid ongoing challenges.

Published

41 minutes ago

May 15, 2025

Ahron Young

Boeing secures record deal with Qatar Airways for up to 210 planes, boosting both companies amid ongoing challenges.

In Short:
Boeing has secured a historic deal with Qatar Airways for up to 210 jets, including 130 787 Dreamliners, which could generate about 400,000 U.S. jobs. The agreement, signed during President Trump’s visit, also involves a significant engine purchase from GE Aerospace.

Boeing has secured a landmark deal with Qatar Airways for up to 210 jets, marking its largest order for widebody aircraft. The agreement includes 130 Boeing 787 Dreamliners and 30 delayed 777-9s, with options for an additional 50 aircraft.

Additionally, Qatar Airways signed a contract with GE Aerospace for over 400 engines, the largest engine purchase in GE’s history. The deal was signed during President Donald Trump’s visit to Qatar, with Boeing’s CEO present at the ceremony.

Qatar Airways’ CEO stated that this purchase is essential for investing in an efficient fleet to meet increasing demand. Boeing’s Commercial Airplanes CEO highlighted that the order solidifies Qatar Airways’ future fleet with leading widebody models.

The 777-9 aircraft, part of the 777X series, has not yet been delivered or certified.

154,000 jobs

The White House estimated the value of the deal at $96 billion, projecting support for 154,000 jobs annually in the U.S.

Boeing and Qatar Airways, however, estimate about 400,000 U.S. jobs will result from this agreement.

Boeing has faced challenges, including safety issues and a trade war impacting its business. Senator Lindsey Graham noted that this deal could significantly benefit South Carolina, where the planes will be assembled.

The order will nearly double Qatar Airways’ current fleet of 233 aircraft. The deal has prompted scrutiny regarding Trump’s acceptance of a luxury 747 gift from Qatar for Air Force One.

News

Trump lands in Saudi Arabia for major deals

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

Published

22 hours ago

May 14, 2025

ticker NEWS

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

President Trump has officially landed in Saudi Arabia, kicking off a high-stakes four-day tour across the Middle East aimed at major economic wins.

Welcomed personally by Crown Prince Mohammed bin Salman, Trump’s arrival signals the start of key discussions with leaders from Saudi Arabia, Qatar, and the UAE.

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#TrumpMiddleEast #SaudiArabia #USDeals #TickerNews #TrumpInSaudi #USPolitics #MohammedBinSalman #Geopolitics #MiddleEastTrip #TrumpNews

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S&P 500 rebounds as Nvidia boosts tech shares

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

Published

1 day ago

May 14, 2025

Ahron Young

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

In Short:
The S&P 500 rose 1% on Tuesday, buoyed by improving U.S.-China trade relations and strong performances from companies like Nvidia. Despite some concerns about high valuations, analysts showed cautious optimism for continued market growth due to positive economic data and government investments.

The S&P 500 rose on Tuesday, returning to positive territory for the year as easing U.S.-China trade tensions boosted investor confidence.

The index gained 1%, with the Nasdaq Composite increasing 1.8%. The Dow Jones Industrial Average fell by 166 points, or 0.3%, due to an 18% drop in UnitedHealth shares.

Nvidia’s stock led the market, advancing 6% after announcing the shipment of 18,000 artificial intelligence chips to Saudi Arabia. This news positively impacted peer companies such as Broadcom and AMD, which increased by around 4%.

Following this rally, the S&P 500 is now up 0.2% for 2025, after previously being down over 17% due to trade uncertainties. The market responded positively to news of a 90-day tariff pause between the U.S. and China, which contributed to a significant surge in stock prices.

Market analysts noted that improved sentiment stems from several factors, including the chip deal, easing inflation pressures, and anticipated tax cuts. The White House also announced a $600 billion investment in the U.S. economy.

In addition to the trade news, softer-than-expected inflation data in April, which reported a 2.3% increase in the consumer price index, further energised the market. Economists had predicted a 2.4% rate.

Investment experts express cautious optimism, acknowledging ongoing concerns surrounding high valuations and market concentration, but suggest that current data may lead to continued market growth in the short term.