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🚀 No Survivors in Worst US Air Disaster Since 2001

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

Dow Jones  44,776.08 5.25%
S&P 500  6,054.73 2.94%
Nasdaq  19,626.69 1.64%
Russell 2000 2,314.64 3.79%
TSX  25,750.98 4.14%
Bitcoin $105,651.40 13.01%
Ethereum $3,259.47 -2.24%
US to Canadian Dollar $1.44 0.40%
  1. An American Airlines regional jet collided midair with a Black Hawk helicopter near Reagan National Airport, killing all 67 people on board both aircraft. The PSA Airlines Bombardier CRJ700 was on final approach from Wichita when it struck the Sikorsky H-60, sending both into the icy Potomac River. First responders have recovered 28 bodies so far, shifting from rescue to recovery efforts. Transportation Secretary Sean Duffy called the disaster preventable, while American Airlines CEO Robert Isom expressed heartbreak. The FAA and NTSB are investigating, and the crash marks the deadliest U.S. air disaster since 2001.

  2. After losing 139,000 residential broadband customers in Q4, Comcast is pivoting to mobile growth, bundling it with broadband to stay competitive amid rising pressure from wireless providers like Verizon and T-Mobile. The shift reflects a broader industry trend as cable companies struggle with slowing broadband expansion. Despite stable revenue, Comcast’s stock fell over 8% following the earnings call, highlighting investor concerns over its long-term growth strategy.

  3. Use SEO to reach red-hot buyers before the competition with Ignite Digital. There are 8.5 billion searches per day on Google. Are you showing up? If not then you’re losing sales. Ignite Digital are the SEO experts with 13 years of experience. Request a FREE competitive analysis and Ignite Digital will respond on the same day with a sneak peek of your competitor’s strategy & how you can beat them.*

  4. The Federal Reserve held interest rates steady at 4.25%-4.5%, ending a streak of three consecutive cuts since September 2024. The decision reflects a solid labor market and inflation still above the Fed’s 2% target. While inflation has fallen from its 2022 peak, core inflation remains at 2.8%, leading policymakers to take a cautious approach. Fed Chair Jerome Powell emphasized the need for “real progress” on inflation or labor market weakness before considering further cuts. Meanwhile, President Trump has demanded immediate rate reductions, but Powell confirmed he has had no contact with Trump. Markets now expect the next cut in June. Stocks fell on the news.

  5. Headlines

    1. Twin Peaks is going public.

    2. Southwest Airlines profits were higher than expected as travel demand increased and airfares rose.

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