News

What to know about Rex Heuermann, the Gilgo Beach murders suspect

Published

2 years ago

July 15, 2023

Authorities have apprehended a suspect in connection with a series of long-unsolved slayings of women on Long Island, New York.

The suspect, Rex Heuermann, 59, resides in Massapequa Park, a peaceful community near the beach highway where human remains were initially discovered over a decade ago. The arrest has sent shockwaves through the quiet neighborhood, as neighbors knew Heuermann as a well-dressed architect who commuted to Manhattan for work. The revelation that he could potentially be involved in the string of killings that have perplexed investigators and gained national attention has left residents astonished.

*Listen* to the voice of the man Suffolk County Police have arrested in connection to the Long Island Serial Killer case. Rex Heuermann spoke in 2022 for a piece in L’Interview, remember police say #LISK taunted some victim’s families on the phone. Will they recognize his voice? pic.twitter.com/FFIfLD2glh

— Laura Ingle (@lauraingle) July 14, 2023

Heuermann was taken into custody in midtown Manhattan on Thursday evening and subsequently transported to Suffolk County. He faces charges of first-degree murder and second-degree murder in connection with the deaths of three women. He is also a suspect in the disappearance and death of a fourth woman, but investigations into that case are ongoing. During a bail application, it was revealed that authorities used cellphone evidence and DNA from a pizza crust to build their case against Heuermann. He was remanded without bail following a court hearing.

What police say

At a news conference, local prosecutors and police praised the collaborative efforts of a multiagency task force, which was formed last year, for identifying Heuermann as the primary suspect. They emphasized the significance of fresh perspectives and the resilience of investigators in the case. Suffolk County Police Commissioner Rodney Harrison described Heuermann as a “demon who walks among us.”

Suffolk County Police Commissioner Rodney Harrison on suspect arrested in connection with Gilgo Beach murders: "Rex Heuermann is a demon that walks among us. A predator that ruined families." https://t.co/3l0pBhh2sa pic.twitter.com/vnefZkCEBT

— ABC News (@ABC) July 14, 2023

In response to the charges, Heuermann’s attorney, Michael J. Brown, expressed that the evidence against his client is primarily circumstantial. Brown stated that Heuermann has denied any involvement in the crimes and added that he was distraught about the accusations.

The discovery of human remains near Gilgo Beach in 2010 had plagued investigators for years, leading to the revelation of multiple victims, many of whom were sex workers. While authorities do not believe all the deaths are connected, court documents indicate that Heuermann is implicated in four slayings, where the victims were found in similar positions and bound with belts or tape. Furthermore, three of the victims’ bodies were wrapped in burlap material.

Officials have cordoned off Heuermann’s residence in Massapequa Park, with hazmat-suited individuals seen entering the modest single-story house. Investigators are conducting searches at the property and at Heuermann’s office in midtown Manhattan. According to neighbors, interactions with Heuermann and his family were typically brief, as they tended to keep to themselves.

Heuermann’s professional work is linked to his Massapequa Park home, as he operates RH Consultants & Associates. He obtained his architecture license in 1996, and state records indicate no enforcement actions against him. His clientele includes Catholic Charities, New York City’s Department of Environmental Protection, and major tenants at John F. Kennedy International Airport.

In a YouTube interview conducted at his Manhattan office in early 2022, Heuermann described himself as an architectural consultant and troubleshooter. He discussed the intricacies of his profession and educating clients and city entities about local architectural codes. When asked about the qualities necessary for his job, he mentioned the importance of tolerance and understanding clients’ lack of knowledge regarding his responsibilities and the steps required to accomplish tasks.

News

Nasdaq sell-off deepens amid AI stock concerns

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

Published

2 hours ago

November 5, 2025

Ahron Young

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

In Short:
– Stocks fell due to concerns over AI valuations; S&P 500 down 1.2%, Nasdaq down 1.9%.
– Palantir shares dropped 9% despite strong performance, raising questions about sustainability of high valuations.

Stocks fell on Tuesday as investor concerns regarding artificial intelligence valuations impacted major indices.

The S&P 500 declined by 1.2%, and the Nasdaq Composite dropped by 1.9%, while the Dow Jones Industrial Average lost 304 points, equating to a 0.6% decrease.Palantir shares dropped 9%, despite the company’s strong third-quarter performance and positive forecasts attributed to its AI sector growth. The stock has surged over 150% this year, yet trades at over 200 times its forward earnings, leading investors to question whether such valuations can be sustained.

Other tech stocks also faced declines, including Oracle and AMD, which saw drops of 4% and more than 3%, respectively.

Gains in AI stocks have inflated the S&P 500’s price-earnings ratio above 23, raising concerns about stock valuations. Ameriprise market strategist Anthony Saglimbene highlighted potential risks, stating that investors are questioning if future profit growth will support high capital expenditures.

Market Outlook

Comments from executives at Goldman Sachs and Morgan Stanley further added to market worries.

Both firms predicted potential market pullbacks, with drawdowns of 10% to 20% possible within the next two years. Saglimbene noted a narrow market breadth in recent months, suggesting limited alternatives if a downturn occurs in the tech sector.

News

RBA predicts slow growth and limited interest rate cuts

RBA projects steady economic growth but no significant interest rate cuts, warning of ongoing cost-of-living challenges for Australians

Published

12 hours ago

November 4, 2025

Ahron Young

RBA projects steady economic growth but no significant interest rate cuts, warning of ongoing cost-of-living challenges for Australians

In Short:
– RBA predicts persistent cost-of-living issues with low chances of interest rate cuts; economy growth expected at 2%.
– Unemployment rose to 4.5%, but is projected to remain steady; inflation is forecasted at 3.7% by next June.

RBA forecasts indicate ongoing cost-of-living struggles and a low likelihood of interest rate cuts. The Reserve Bank’s quarterly Statement on Monetary Policy (SMP) suggests Australia’s economy will grow at around 2% annually, primarily driven by housing investment.

Unemployment rose to 4.5% last month but is expected to remain steady just below this level for the next two years. Some economists challenge this optimism. Productivity is improving more quickly than anticipated but remains relatively low by historical standards.

Inflation, meanwhile, is projected to stay persistently high despite solid growth and stable unemployment. The bank highlighted that last week’s inflation figures were significantly higher than expected, with the annual consumer price rise predicted to reach 3.7% by next June. With wage growth forecasted at only 3%, workers’ purchasing power is expected to decline.

No Rate Cuts

The RBA’s lack of interest rate cut forecasts have led markets to lower their expectations. The cash rate is predicted to bottom out at 3.3% next year, a revision from earlier projections of 2.9%. Many economists believe further cuts are unlikely, with a median expectation for no cuts until late next year.

RBA governor Michele Bullock acknowledged that maintaining the current rate is possible, noting that the RBA may not need to reduce rates significantly as other central banks have.

Competitive banking conditions offer some relief to borrowers, resulting in reduced spreads on variable-rate mortgages. Nonetheless, there are concerns that these spreads could increase as banks aim for higher profitability or as market risk premiums adjust. Australian variable mortgage rates may have reached their lowest point for the foreseeable future.

News

Russia strengthens ties with China following Trump-Xi meeting

Russia strengthens ties with China following Trump’s positive meeting with Xi Jinping, aiming for deeper cooperation across various sectors

Published

1 day ago

November 4, 2025

Ahron Young

Russia strengthens ties with China following Trump’s positive meeting with Xi Jinping, aiming for deeper cooperation across various sectors

In Short:
– Russian officials emphasise their alliance with China after Trump’s meeting with Xi Jinping.
– Prime Minister Mishustin’s visit to China aims to strengthen trade and cooperation between the two nations.

Russian officials reaffirmed their alliance with China following U.S. President Donald Trump’s meeting with Chinese President Xi Jinping.Prime Minister Mikhail Mishustin arrived in Hangzhou for two days of negotiations, signing various agreements to enhance cooperation in trade, investment, energy, transport, agriculture, and space, according to Russian state media.

Mishustin described his Chinese counterpart as a “dear friend,” stating that Russian-Chinese relations are at their peak despite Western sanctions. Li Qiang reciprocated by expressing Beijing’s readiness to strengthen ties, noting mutual support amid external risks and challenges.

Strategic Partnership

China remains Russia’s most important ally, having not condemned the 2022 invasion of Ukraine, and echoes Russia’s language, referring to the situation as a “crisis.”

Ahead of this visit, the Kremlin highlighted the significance of the talks, sending a robust delegation, including top officials from finance, agriculture, space, and nuclear energy.

Mishustin’s visit coincides with Trump’s recent discussions with Xi, where agreements were reportedly reached on several issues in a gesture seen as a trade truce amidst rising tariffs.

Trump’s engagement with China contrasts with his lack of progress in talks with Russia, which he attributed to frustrations over the Ukraine conflict. This context may indicate Russia’s unease regarding China’s positive interactions with the U.S.