New York's LaGuardia Airport closed after jet collides with firefighting vehicle toggle caption Ryan Murphy/AP NEW YORK — An Air Canada regional jet struck a fire truck on the runway after landing at New York's LaGuardia Airport late Sunday night, crushing the nose of the plane, according to authorities and photos of the wreckage. Two people were killed, according to a person familiar with the inv...
New York's LaGuardia Airport closed after jet collides with firefighting vehicle toggle caption Ryan Murphy/AP NEW YORK — An Air Canada regional jet struck a fire truck on the runway after landing at New York's LaGuardia Airport late Sunday night, crushing the nose of the plane, according to authorities and photos of the wreckage. Two people were killed, according to a person familiar with the investigation into the crash. The person spoke to The Associated Press on condition of anonymity because they were not authorized to discuss an active investigation. Two Port Authority employees who were traveling in the fire truck also were injured, the person said. There were 72 passengers and four crew members aboard the aircraft, a Jazz Aviation flight operating on behalf of Air Canada, according to a statement from the airline. The flight originated at Montréal-Pierre Elliott Trudeau International Airport, the major airport serving Montreal. Sponsor Message The Port Authority of New York and New Jersey said in a statement that the jet had struck a rescue and firefighting vehicle that was responding to a separate incident at about 11:45 p.m. The airport was closed as of 3 a.m. to facilitate the investigation, officials said. Photos and videos from the scene showed severe damage to the front of the aircraft, with cables and debris hanging from a mangled cockpit. Nearby, a damaged emergency vehicle lay on its side. Stairways used to evacuate passengers from aircraft were pushed up to the emergency exits on the jet, a Bombardier CRJ. The impact left the jet with its crumpled nose tilted upward. In the moments before the crash, an air traffic controller could be heard on a radio transmission giving clearance to a vehicle to cross part of the tarmac, then trying to stop it. "Stop, Truck 1. Stop," the transmission says. The controller can then be heard frantically diverting incoming aircraft from landing. Jazz Aviation issued a statement confirming the accident and noting the pa...
A LaGuardia crash kills 2, hurts dozens and closes the airport. Here's what to know toggle caption Timothy A. Clary/AFP via Getty Images Two pilots were killed and dozens of passengers injured when an Air Canada regional jet collided with a fire truck at New York's LaGuardia Airport late Sunday night. Air Canada Flight 8646, operated by regional airline Jazz Aviation, was landing in New York aroun...
A LaGuardia crash kills 2, hurts dozens and closes the airport. Here's what to know toggle caption Timothy A. Clary/AFP via Getty Images Two pilots were killed and dozens of passengers injured when an Air Canada regional jet collided with a fire truck at New York's LaGuardia Airport late Sunday night. Air Canada Flight 8646, operated by regional airline Jazz Aviation, was landing in New York around 11:30 p.m. when it struck a Port Authority Aircraft Rescue and Firefighting vehicle, said Kathryn Garcia, executive director of the Port Authority of New York and New Jersey, which operates the airport. Sponsor Message Officials say 72 passengers and four crew members were on board the flight from Montréal-Trudeau International Airport. Garcia said at a press conference early Monday that the pilot and first officer, who have not yet been identified, were both killed. She said 41 passengers and crew members were transported to the hospital. "At this time we understand 32 have been released, but there are also serious injuries," Garcia said early Monday. toggle caption Ryan Murphy/AP She declined to elaborate on the condition of the nine people who remained hospitalized at the time of the press conference. Air Canada said in a Monday morning statement that it "cannot confirm the exact number of injuries or if there are other fatalities at this time." The collision crumpled the front of the passenger jet, tilting its nose upward and forcing passengers to evacuate through emergency exits. Photos from the scene show debris hanging from the exposed cockpit and scattered across the tarmac, as the damaged emergency vehicle lies on its side nearby. Garcia said the two officers on board the Port Authority vehicle were in "stable condition with no life-threatening injuries." The firetruck had been on the runway at the discretion of air traffic control, responding to a separate "odor" incident involving a United Airlines plane, she said. "Anytime anyone is moving on any of our runway...
Market strategists are sanguine about mounting inflation fears caused by the Iran war and expect European stocks to return to record highs, according to a Bloomberg survey. The Stoxx Europe 600 Index will finish the year about 11% above Friday’s close, at 635 points, according to the median of 16 forecasts. For now, strategists view the conflict and the spike in oil prices as temporary factors tha...
Market strategists are sanguine about mounting inflation fears caused by the Iran war and expect European stocks to return to record highs, according to a Bloomberg survey. The Stoxx Europe 600 Index will finish the year about 11% above Friday’s close, at 635 points, according to the median of 16 forecasts. For now, strategists view the conflict and the spike in oil prices as temporary factors that won’t derail an acceleration in European economic growth. None of those surveyed cut their targets for the European benchmark index this month, while Unicredit SA and Deka Bank even slightly raised their view. The latter joined HSBC Holdings Plc as the biggest bulls, with a 670 points target that implies a rally of 17%. The two most bearish strategists see the threat of a drop of about 2%: TFS Derivatives and Bank of America Corp. The strategists were polled before US President Donald Trump gave his ultimatum that Iran fully reopen the Strait of Hormuz within 48 hours. And the mood in equity markets is certainly not optimistic as the week begins, with the Stoxx 600 index falling 1.6% and set to enter a technical correction. For tables on the Euro Stoxx 50 and Stoxx 600 polls click here , for a table on the DAX survey here , and for a table on the FTSE 100 here . The Middle East conflict has disrupted global energy markets, triggering worries that central banks will need to raise interest rates in response to surging price pressures, just as economies falter. But the most optimistic of the strategists are looking through those risks, pinning their expectations on a speedy end to the war that will restore the positive set up for growth and earnings seen at the start of the year. “The dramatic Middle East events will naturally lead to risk-off behavior in the markets in the short term, but if one is to have a time horizon longer than the next days/weeks, on a 3/6/12 month time frame, one should be using the weakness to add into, in our view,” said a JPMorgan Chase & Co. team...
(RTTNews) - Asian stocks plummeted on Monday after Washington and Tehran threatened to escalate hostilities. U.S. President Donald Trump threatened military action against Iran's power plants unless the Strait of Hormuz reopens within 48 hours. Iran warned it would strike energy and water infrastructure across the Gulf in retaliation if Trump follows through with his threat. Iranian Parliament Spe...
(RTTNews) - Asian stocks plummeted on Monday after Washington and Tehran threatened to escalate hostilities. U.S. President Donald Trump threatened military action against Iran's power plants unless the Strait of Hormuz reopens within 48 hours. Iran warned it would strike energy and water infrastructure across the Gulf in retaliation if Trump follows through with his threat. Iranian Parliament Speaker Mohammad Bagher Ghalibaf warned that any attack on Iran's power plants would trigger irreversible damage to regional energy and desalination infrastructure. Escalating the three-week war, there were also reports of the U.S. weighing a possible ground operation to seize Kharg Island, Iran's primary oil export hub, and preparing for a full-scale ground troop deployment against Iran. Most Asian currencies weakened while the dollar strengthened due to risk-off sentiment prevailing in the markets. Benchmark Brent crude futures traded up nearly 3 percent above $109 a barrel in late Asian trade while gold slumped more than 6 percent toward $4,200 an ounce on inflation and rate-hike jitters. China's Shanghai Composite index tumbled 3.63 percent to 3,813.28 as oil shock from the Middle East fanned stagflation fears. Hong Kong's Hang Seng index slumped 3.54 percent to 24,382.47. Japanese markets slumped as investors weighed the risks of a worsening regional conflict in the Middle East and abandoned bets on Federal Reserve rate cuts. The Nikkei average briefly sank over 5 percent before recouping some loss to settle 3.48 percent lower at 51,515.49. The broader Topix index fell 3.41 percent to 3,486.44 as trading resumed after a long holiday weekend. South Korea's Kospi index crashed 6.49 percent to close at 5,405.75 amid an extended standoff between the United States and Iran over the Strait of Hormuz. Trading was briefly suspended after the Kospi 200 futures index fell by over 5 percent. Among the prominent decliners, Hyundai Motor, KB Financial, Samsung Electronics and SK Hynix...
Key Points A research piece released last month suggested major economic headwinds if AI rapidly progresses. The government has a history of taking drastic measures to pump liquidity into the system, which provides a powerful tailwind for this scarce digital asset. Although it's probable that AI fears are overblown, that doesn’t undermine this crypto’s potential. 10 stocks we like better than Bitc...
Key Points A research piece released last month suggested major economic headwinds if AI rapidly progresses. The government has a history of taking drastic measures to pump liquidity into the system, which provides a powerful tailwind for this scarce digital asset. Although it's probable that AI fears are overblown, that doesn’t undermine this crypto’s potential. 10 stocks we like better than Bitcoin › On Feb. 22, Citrini Research dropped a piece titled "The 2028 Global Intelligence Crisis" that rattled investor confidence in the market and economy. It highlights the possible negative results if artificial intelligence (AI) rapidly progresses. Just days after the report, fintech powerhouse Block added to the worries when it announced layoffs of 40% to its staff. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Since the research memo was released, the S&P 500 index is down more than 4% (as of March 19). Financial stocks tied to spending activity, like American Express and Capital One, are off by double digits. The turmoil and uncertainty point to this crashing cryptocurrency being a once-in-a-decade buying opportunity. Counting on the government to step in and provide support The main takeaway from the Citrini report is that AI productivity enhancements will lead to a wave of corporate layoffs, particularly for white-collar workers. This will result in a drastic reduction to incomes earned and spending power, which will reduce demand across the economy. In this scenario, unemployment soars and wages tank. Despite how scary this sounds, people can count on the government to step in and provide support. This would actually introduce a powerful tailwind for a scarce asset like Bitcoin, which is 44% off its peak. Cutting interest rates, and keeping them near zero, and printing money are the tools. Plus...