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Titanic sub debris found after “catastrophic explosion”

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The five people aboard a missing submersible died in a “catastrophic implosion,” a U.S. Coast Guard official now believes.

It brings a grim end to the international search for the vessel that was lost during a deep-sea voyage to the wreck of the Titanic.

“These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world’s oceans,” OceanGate Expeditions, the U.S.-based company that operated the Titan submersible, said in a statement. “Our hearts are with these five souls and every member of their families during this tragic time.”

An unmanned robot deployed from a Canadian ship discovered the wreckage of the Titan on Thursday morning about 1,600 feet (488 meters) from the bow of the century-old wreck, 2-1/2 miles (4 km) below the surface in a remote area of the North Atlantic, U.S. Coast Guard Rear Admiral John Mauger said at a press conference.

“The debris field here is consistent with a catastrophic implosion of the vehicle,” Mauger said.

The victims

The five aboard included the British billionaire and explorer Hamish Harding, 58; Pakistani-born business magnate Shahzada Dawood, 48, and his 19-year-old son, Suleman, both British citizens; French oceanographer and Titanic expert Paul-Henri Nargeolet, 77, who had visited the wreck dozens of times; and Stockton Rush, the American founder and chief executive of OceanGate, who was piloting the submersible.

Rescue teams from several countries had spent days searching thousands of square miles of open seas with planes and ships for any sign of the 22-foot (6.7-meter) Titan. The submersible lost contact with its support ship on Sunday morning about an hour and 45 minutes into what should have been a two-hour descent.

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The investigation

Mauger said it was too early to tell when the vessel’s failure occurred. The search operation had sonar buoys in the water for more than three days and had not detected any sort of loud explosive noise during the period, Mauger said.

The buoys had picked up some sounds on Tuesday and Wednesday that temporarily offered hope the people on board the Titan were alive and trying to communicate by banging on the hull.

But officials said analysis of the sound was inconclusive and that the noises might not have emanated from the Titan at all.

“There doesn’t appear to be any relation between the noises and the location of the debris field on the sea floor,” Mauger said on Thursday.

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U.S. approves Nvidia H200 chip exports to China amid tensions

U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.

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U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.


The U.S. Commerce Department has approved exports of Nvidia’s H200 AI chips to China, signaling a cautious compromise in the ongoing technology standoff between the two countries. This decision reflects efforts to balance national security concerns with continued technological collaboration.

Nvidia shares jumped 2% following the announcement, showing investor optimism about the move. Analysts are closely watching how Chinese firms will respond and whether they will aggressively pursue these high-performance AI chips.

Despite the approval, concerns remain about the potential military applications of AI technology. Officials emphasize that the decision aims to protect U.S. interests while navigating complex international tech dynamics.

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#Nvidia #AIChips #ChinaTech #USChina #TechTensions #Semiconductors #H200 #InvestorNews


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Fed faces challenges ahead of Trump’s nominee as rate decisions loom

Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.

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Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.


The U.S. Federal Reserve is entering a critical period as it prepares for President Donald Trump’s upcoming nominee to lead the central bank. Markets are closely watching how the Fed will navigate this leadership transition amid ongoing economic uncertainty.

The Fed’s two-day meeting could result in a modest quarter-percentage-point rate cut. However, future policy decisions will hinge on key economic projections and inflation trends, leaving analysts debating how much room the central bank really has to maneuver.

Trump is pushing for lower interest rates to boost the housing market before the midterms, but this could complicate the next Fed chair’s path. Data delays from the recent government shutdown may also affect the Fed’s decision-making this week, adding another layer of uncertainty.

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#FederalReserve #InterestRates #TrumpNominee #EconomicPolicy #Inflation #RateCut #HousingMarket #MarketUpdate


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Paramount makes $108B hostile bid for Warner Bros Discovery

Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.

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Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.


Paramount has launched a staggering $108.4 billion hostile bid to acquire Warner Bros Discovery, shaking up the media landscape. The proposal, supported by Jared Kushner’s investment firm and Middle Eastern funds, offers $18 billion more in cash than Netflix’s recent $72 billion deal for the same assets.

Warner Bros’ board is currently reviewing the Paramount offer but continues to recommend the Netflix deal. Analysts warn that a merger of this scale could face intense antitrust scrutiny, potentially delaying or even blocking the deal.

Paramount argues that its acquisition would boost competition and provide stronger support for the creative community, promising a new chapter in Hollywood consolidation.

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#Paramount #WarnerBros #HostileBid #MediaMerger #Netflix #HollywoodNews #Mergers #EntertainmentNews


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