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Maersk shares surge after shipping firm extends Red Sea pause, freight rates rise
Shipping giant Maersk on Wednesday notched a second consecutive session of strong gains as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel due to safety concerns. The Danish firm topped Europe’s Stoxx 600 gainers, with its Copenhagen-listed shares provisionally closing up 5.1% following Tuesday’s 6.4% rise. Shares…
New England Patriots coach Bill Belichick leaving team after 6 Super Bowl rings
Bill Belichick of the New England Patriots looks on against the Indianapolis Colts of the 2015 AFC Championship Game at Gillette Stadium last Sunday. Getty Images Bill Belichick “amicably” stepped down as coach of the New England Patriots, ending a decadeslong run that produced an unprecedented six Super Bowl victories, he and the club said on Thursday. The 71-year-old,…
FAA investigating if Boeing failed to ensure certain aircraft were safe for operation after door blew on Alaska Airlines plane
A plastic sheet covers an area of the fuselage of the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft outside a hangar at Portland International Airport on January 8, 2024 in Portland, Oregon. Mathieu Lewis-rolland | Getty Images The Federal Aviation Administration on Thursday said it has informed Boeing that it’s investigating whether the company…
Turkish lira hits fresh record low against the U.S. dollar
Vanishing Turkish Currency: 1 Turkish Lira with the Portrait of Kemal AtatürkTurkish Manuel Augusto Moreno | Moment | Getty Images The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback just before noon local time. It marks the first time that the lira has broken…
S&P 500 closes little changed Thursday after hotter-than-anticipated inflation report: Live updates
Traders work on the floor of the New York Stock Exchange on Aug. 2, 2023. Spencer Platt | Getty Images News | Getty Images Stocks ended Thursday near the flat line after a fresh round of inflation data reflected an uptick in consumer prices for December. The Nasdaq Composite closed at the flat line, settling…
Panama Canal drought forces Maersk to start using ‘land bridge’ for Oceania cargo
View of stranded boats at Alhajuela Lake during the summer drought, in Colon province, 50 km north of Panama City, Panama, on April 21, 2023. The Alhajuela lake is one of the main lakes that supplies water to the locks of the Panama Canal and is at its lowest level of recent years. Luis Acosta…
