Cars, sugar and cruises: How the Port of Baltimore closure could hurt the economy
CNN
The bridge collapse that has indefinitely halted the flow of ships in and out of the Port of Baltimore could hurt the local economy, strain supply chains and scramble deliveries along the US East Coast.
The bridge collapse that has indefinitely halted the flow of ships in and out of the Port of Baltimore could hurt the local economy, strain supply chains and scramble deliveries along the US East Coast. The Key Bridge collapsed after a container vessel called Dali collided with one of its supports. Dali is operated by Singapore-based Synergy Group but had been chartered to carry cargo by Danish shipping giant Maersk. The Port of Baltimore said in a post on X that vessel traffic was suspended until further notice, but trucks were still being processed at its terminals. Seven container vessels were scheduled to arrive in Baltimore through Saturday, according to Judah Levine, head of research at logistics firm Freightos. “We are omitting Baltimore on all our services for the foreseeable future, until it is deemed safe for passage through this area,” Maersk said in a statement. It said it would discharge cargo destined for Baltimore in other ports nearby, but Maesrk warned customers that could mean delays. Closer to the Midwest than any other port on the East Coast, Baltimore is a major hub for vehicles, containers and commodities. Baltimore ranks first among US ports for autos and light trucks, handling a record 850,000 vehicles last year.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Global oil prices have had their largest single-day percentage increases in years, reflecting fears that a wider conflict in the Middle East could lead to serious energy supply disruptions.
Richard Nixon tried. Ronald Reagan tried. President Trump tried during his first term in office. All three were stymied by Congress.
Multiple popular online services were hit by outages on Thursday afternoon, including Spotify, Discord, Google and Amazon Web Services, according to Downdetector, a website that tracks service disruptions across the web.
Chipmaker Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough US restrictions on chip sales to China, its CEO said Thursday.
Standard, boring bond auctions are drawing the attention of investors around the globe.
From beer to fast food, nothing is safe from pickles. And now, the sweet and sour taste is entering a new frontier: Ramen.
Meta is suing the Hong Kong-based maker of the app CrushAI, a platform capable of creating sexually explicit deepfakes, claiming that it repeatedly circumvented the social media company’s rules to purchase ads.
The latest Producer Price Index, a closely watched measurement of wholesale inflation, rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.
Britain’s economy shrank by the most in nearly two years in April, when President Donald Trump’s tariffs also caused UK goods exports to the United States to fall by a record amount.
Will Elon Musk finally make good on six years of robotaxi promises?
The Washington Post on Wednesday announced it has a new Opinion editor. The move comes four months after it announced a “significant shift” to the Opinion page and the departure of its embattled section chief.
JPMorgan Chase CEO Jamie Dimon warned on Tuesday that encouraging economic data could soon turn worrisome as President Donald Trump’s tariffs continue to bite.
Disney and Universal are suing AI photo generation company Midjourney, marking the first major legal showdown between Hollywood studios and an artificial intelligence company.