Francis Scott Key bridge

President Joe Biden has pledged to rebuild the Francis Scott Key Bridge in Baltimore, which collapsed after a ship collision. He has assured full federal funding for the reconstruction, despite opposition from conservative House members. What Happened: President Biden visited the...

As we wrap up another eventful week in the world of finance and economics, let’s take a moment to reflect on the key stories that shaped the narrative. From Ray Dalio‘s stark warning to China about its looming debt crisis, to JPMorgan‘s cautionary note about an unexpected market...

Coal prices have risen in the past couple of days since the Port of Baltimore was closed following the collapse of the Francis Scott Key Bridge, cutting off many of the port’s facilities. The price of a ton of U.S. coal rose by 0.6% on Thursday to $113.25. Meanwhile, the Range Global Coal ETF...

The catastrophic collapse of Baltimore’s Francis Scott Key Bridge, struck by a Singapore-flagged container ship, could trigger a massive insurance payout, potentially reaching a staggering $4 billion. Surpassing Previous Record: This incident, which tragically left six people...

The tragic events in Baltimore, where a container ship crashed into Francis Scott Key Bridge, causing the collapse of much of the 1.6-mile structure, was not the first of its kind and is unlikely to be the last. A 2018 report by the World Association for Waterborne Transport Infrastructure, shows...

Tesla Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) were all hands on deck to find alternative shipping routes on Wednesday after a bridge collapse caused the shutdown of the Port of Baltimore. Ford and GM said they expected minimal impact, although the East...

Baltimore was rocked by tragedy early Tuesday as the Francis Scott Key Bridge collapsed after a cargo ship, operated by Synergy Group and chartered by Danish shipping giant AP Moller Maersk (OTC:AMKBY), lost power and struck a support column. This catastrophic...