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Tag: CRASH
Guatemala Bus Crash | Nation / World AP news of the day
Guatemala Bus Crash Leaves Dozens Injured | Nation / World AP News UpdateIn a tragic turn of events, a bus carrying passengers in Guatemala has crashed, leaving dozens injured. The bus was traveling on a busy highway when it veered off the road and rolled over, causing chaos and panic among the passengers.
Emergency responders quickly arrived at the scene to tend to the injured and transport them to nearby hospitals for further treatment. The exact cause of the crash is still under investigation, but early reports suggest that the driver may have lost control of the vehicle.
Authorities are urging drivers to exercise caution and remain vigilant on the roads to prevent similar accidents from occurring in the future. Our thoughts and prayers are with the victims and their families during this difficult time.
Stay tuned for more updates on this developing story. #GuatemalaBusCrash #APNews #Nation #World #BreakingNews
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#Guatemala #Bus #Crash #Nation #World #news #dayGeorgia State Patrol investigating crash on Martin Luther King Jr. Blvd.
SAVANNAH, Ga. (WTOC) – One person was injured after being hit by a car during a chase on Martin Luther King Jr. Boulevard in Savannah Friday morning.
Georgia State Patrol says troopers were conducting a road check on West Bay Street at the intersection of Lathrop Avenue.
At about 2:15 a.m., a black Ford Mustang approached the road check on West Bay Street. The driver immediately made a U-turn driving back towards downtown Savannah.
Troopers left the road check to initiate a traffic stop on the Ford Mustang. As the Ford Mustang was driving east on West Bay Street, a different trooper was traveling west on West Bay Street near the intersection of Fahm Street.
According to the trooper, the car was driving 54 mph in a 40-mph zone. That trooper also initiated a traffic stop on the Ford Mustang. The car did not stop and pursuit ensued south on Martin Luther King Jr. Boulevard.
As the driver crossed the intersection of West 37th Street, the driver lost control of the car. The Ford Mustang struck the rear of a Toyota Tacoma. The driver of the Toyota Tacoma was ejected and is in critical condition.
When the Ford Mustang came to a stop, troopers conducted a felony stop on the driver. The driver got out of the car and was arrested.
Georgia State Patrol says it was determined that the driver of the Ford Mustang was under the influence of alcohol and was in possession of Marijuana.
The investigation is ongoing.
Copyright 2025 WTOC. All rights reserved.
The Georgia State Patrol is currently investigating a crash that occurred on Martin Luther King Jr. Blvd. The details of the crash are still unclear, but authorities are on the scene working to piece together what happened.Please avoid the area if possible and stay tuned for updates as more information becomes available. Drive safely and follow all traffic laws to prevent accidents like this from happening in the future.
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Preliminary DC plane crash flight data shows conflicting altitude readings: investigators
Preliminary flight data from the deadly plane crash in Washington, D.C., shows conflicting readings about the altitudes of a passenger jet and Army helicopter that collided near Reagan National Airport and killed everyone on board the two aircraft, investigators said over the weekend.
Data from the American Airlines flight recorder showed an altitude of 325 feet, plus or minus 25 feet, when the collision happened Wednesday night, National Transportation Safety Board (NTSB) officials told reporters on Saturday. Data in the control tower, though, showed the Black Hawk helicopter at 200 feet, the maximum allowed altitude for helicopters in the area.
The roughly 100-foot altitude discrepancy in the data has yet to be explained.
Investigators are working to retrieve data from the helicopter’s back box, which is taking more time because it became waterlogged after submerging into the Potomac River, in hopes of reconciling the difference. They also said they plan to refine the tower data, which could be less reliable.
Rescue and salvage crews with a crane work near the wreckage of an American Airlines jet in the Potomac River from Ronald Reagan Washington National Airport on Sunday, Feb. 2, 2025, in Arlington, Virginia. (AP Photo/Jose Luis Magana)
“This is a complex investigation,” said Brice Banning, NTSB investigator in charge. “There are a lot of pieces here. Our team is working hard to gather this data.”
Banning detailed the last moments from the jet’s two black boxes, which captured sound in the cockpit and flight data just before what became the deadliest U.S. aviation accident since 2001.
“The crew had a verbal reaction,” Banning said, with the data recorder showing “the airplane beginning to increase its pitch. Sounds of impact were audible about one second later, followed by the end of the recording.”
With the U.S. Capitol in the background, a crane sits in the Potomac River on Sunday, Feb. 2, 2025, near the wreckage of an American Airlines jet that collided mid-air with an Army Black Hawk helicopter in Arlington, Virginia., as seen from Alexandria, Virgina. (AP Photo/Carolyn Kaster)
Investigators did not say whether that change in angle meant that pilots were trying to perform an evasive maneuver to avoid the crash.
The collision happened around 9 p.m. EST while the regional jet was preparing to land at the airport. The jet from Wichita, Kansas, was carrying 64 people onboard, while three soldiers were on board the helicopter, which apparently flew into the jet’s path. No one survived the crash.
NTSB member Todd Inman expressed frustration to reporters, noting that the board has made “several hundred” recommendations to improve aviation safety that have not been acted upon.
“You want to do something about it? Adopt the recommendation of the NTSB. You’ll save lives,” he said, adding that he has spent hours with victims’ families since the crash. “I don’t want to have to meet with those parents like that again.”
An American Airlines jet passes as family members of the victims of a midair collision between an American Airlines jet and an Army helicopter stand at the end of runway 33 near the wreckage site in the Potomac River at Ronald Reagan Washington National Airport, on Sunday, Feb. 2, in Arlington, Virginia. (AP/Jose Luis Magana)
Families of victims visited the crash site on Sunday and divers scoured the submerged wreckage for more remains after authorities said they’ve recovered and identified 55 of the 67 people killed.
Officials said they are confident all the victims will be recovered from the chilly Potomac River.
NTSB investigators hope to have a preliminary report within 30 days, though a full investigation could take at least a year.
The Associated Press contributed to this report.
The National Transportation Safety Board (NTSB) has released preliminary flight data from the recent plane crash in Washington, D.C. that shows conflicting altitude readings, according to investigators.The data shows that the aircraft’s altimeter and GPS systems were giving inconsistent altitude readings in the moments leading up to the crash. This discrepancy is a concerning finding for investigators as they work to determine the cause of the tragic incident.
The NTSB is now focusing on analyzing the data further to determine what may have caused the conflicting altitude readings and ultimately led to the crash. They are also looking into other factors such as weather conditions, pilot experience, and potential mechanical issues.
As the investigation continues, the NTSB is urging the public to refrain from speculating on the cause of the crash and to allow them to conduct a thorough and comprehensive investigation.
Stay tuned for updates on this developing story as more information becomes available.
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Deadly medical jet crash in Philly – NBC10 Philadelphia
What to Know
- A medical jet carrying a girl who was returning to Mexico after receiving treatment for a life-threatening illness at a U.S. hospital crashed in Northeast Philadelphia, killing all six people on board, a seventh person who was in a vehicle on the ground and injuring at least 22 others.
- The crash occurred shortly after 6 p.m. on Friday, Jan. 31, 2025, near the Roosevelt Mall and intersection of Roosevelt Boulevard and Cottman Avenue. Multiple videos obtained by NBC10 show the plane plummeting from the sky, crashing to the ground and a massive explosion shortly after. Multiple homes in the area caught fire.
- According to the FAA, the plane was a Learjet 55 that left Northeast Philadelphia Airport and was headed for Springfield-Branson National Airport and stopping in Missouri before traveling to its final destination of Tijuana, Mexico.
- Valentina Guzman Murillo, a girl who was returning to Mexico after receiving treatment for a life-threatening illness at Shriners Children’s Philadelphia, was among the six people on board the flight. The other victims include Murillo’s mother, Lizeth Murillo Ozuna, Captain Alan Alejandro Montoya Perales, co-pilot Josue de Jesus Juarez Juarez, Dr. Raul Meza Arredondo, and paramedic Rodrigo Lopez Padilla.
- The National Transportation Safety Board (NTSB) is leading the investigation. On Sunday, the NTSB recovered the black box or cockpit voice recorder from the medical jet.
- A shelter for those impacted by the crash opened at Samuel Fels High School on 5500 Langdon Street in Philadelphia.
- Of the 22 people who were hurt in the crash, five of them remain in the hospital and three of them are in critical condition, Philadelphia Mayor Cherelle Parker said.
Get live updates on this developing story below.
Deadly medical jet crash in Philly – NBC10 PhiladelphiaTragedy struck in Philadelphia today as a medical jet crashed, claiming the lives of all onboard. The aircraft went down shortly after takeoff, with witnesses reporting a loud explosion before seeing the plane plummet to the ground.
Emergency responders rushed to the scene, but sadly, there were no survivors. The cause of the crash is still under investigation, but initial reports suggest that mechanical failure may have been a factor.
The loss of life in this tragic event is heartbreaking, and our thoughts are with the families and loved ones of those who perished. We will continue to provide updates on this developing story as more information becomes available.
For the latest updates on this deadly medical jet crash in Philly, stay tuned to NBC10 Philadelphia.
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Vance and Duffy Echo Trump in Blaming D.E.I. for Crash Near Washington
Transportation Secretary Sean Duffy and Vice President JD Vance joined President Trump on Sunday in blaming diversity hiring practices at the Federal Aviation Administration for the midair collision of a commercial jet and a military helicopter near Washington last week.
“The person at the controls didn’t have enough staffing around him or her because we were turning people away because of D.E.I. reasons,” Mr. Vance said on Fox News, using the abbreviation for diversity, equity and inclusion. “D.E.I. policies have led our air traffic controllers to be short staffed — that is a scandal.”
On Thursday, Mr. Trump, without evidence, linked his long-running complaints about diversity hiring practices to the crash near Ronald Reagan National Airport. The president quoted from the F.A.A. website, which he said had indicated that the agency was looking to hire people with disabilities.
No evidence suggests that diversity hiring programs contributed to the crash on Wednesday night. Those programs — some of which started or continued under Mr. Trump’s first term — followed the same aptitude, medical and security standards used for hiring candidates without disabilities.
In 2019, for example, a pilot program that the F.A.A. began for hiring 20 people with disabilities emphasized that those candidates would “receive the same rigorous consideration” as those considered for “a standard public opening for air traffic controller jobs.”
But on Sunday, Mr. Duffy suggested without offering evidence that efforts to diversify hiring had affected the quality of the work force at air traffic control towers.
“You can’t focus on diversity, equity and inclusion when you try to hire air traffic controllers,” Mr. Duffy said on Fox News. “You focus on the best and the brightest.”
Michael McCormick, a former vice president of the F.A.A. Air Traffic Organization who oversaw hiring of controllers during his tenure from 2011 to 2015, said in an interview that Mr. Trump, Mr. Vance and Mr. Duffy were making “baseless claims.” He characterized diversity programs as a recruitment tool for reaching out to candidates with minority backgrounds and said they did not compromise hiring standards.
When the F.A.A. makes a hiring decision after air traffic controller candidates go through training, he said, the agency “does not take into account gender, age, race, creed, color” but solely considers “the merits and the abilities of the individual.” Mr. McCormick worked for the F.A.A. for more than three decades and now teaches at Embry-Riddle Aeronautical University.
On Sunday, Mr. Duffy also criticized the Biden administration for changing some aviation terms such as cockpit and Notice to Airmen — the system notifying air industry members of potential hazards — to more gender-neutral terms such as flight deck and Notice to Air Mission. He suggested without offering evidence that such changes had shifted focus away from ensuring the highest levels of aviation safety.
“When you don’t focus on safety and you focus on social justice or the environment, bad things happen,” Mr. Duffy said on CNN.
Senator Eric Schmitt, Republican of Missouri, echoed the Trump administration officials in pinning the blame on diversity and inclusion programs for low staffing, and claimed that a focus on such programs hurt recruitment and retention.
“D.E.I. is poison,” Mr. Schmitt said on NBC. “Merit has taken a back seat to quotas.”
But no such quotas exist for hiring air traffic controllers, Mr. McCormick said. Recent staffing shortages around the nation’s air traffic towers have been caused by years of employee turnover, lack of funding and difficulties with in-person training during the coronavirus pandemic, not by diversity hiring practices.
In the wake of the tragic crash near Washington D.C., Senators Vance and Duffy are echoing President Trump’s sentiment by blaming diversity, equity, and inclusion (D.E.I.) initiatives for the incident. The two lawmakers have been vocal opponents of such programs, arguing that they prioritize identity politics over meritocracy and safety.Their remarks have sparked outrage and backlash from critics who argue that D.E.I. is not to blame for the crash, but rather systemic issues such as reckless driving and inadequate infrastructure. Many are calling for a more nuanced and evidence-based approach to addressing the root causes of such incidents, rather than scapegoating marginalized communities.
As the debate rages on, it is clear that the conversation around D.E.I. and its impact on society is far from over. It remains to be seen how lawmakers and the public will navigate these complex and contentious issues in the future.
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#Vance #Duffy #Echo #Trump #Blaming #D.E.I #Crash #WashingtonThe Fed Just Confirmed A Huge Crypto Game-Changer As Trump Sparks Bitcoin Price Crash Fears
Bitcoin and crypto prices have stalled after soaring higher following Donald Trump’s U.S. presidential victory—with fears suddenly emerging the $4 trillion crypto bubble could be about to pop.
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The bitcoin price has surged to almost $110,000 per bitcoin, helped by Elon Musk’s leaked plans for crypto in the White House.
Now, as one legendary bitcoin trader warns of a looming “financial crisis,” Federal Reserve chair Jerome Powell has flung the door open for Wall Street to further adopt bitcoin and crypto.
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U.S. Federal Reserve chair Jerome Powell has told banks they are permitted to offer bitcoin and … [+]
“Banks are perfectly able to serve crypto customers as long as they can understand and service the risks,” Powell said at a press conference this week after the Fed paused its interest rate cutting cycle.
Wall Street banks “have to be pretty sure” their bitcoin and crypto activities are “safe and sound,” Powell added.
Wall Street giants, led by the world’s largest asset manager BlackRock, have leaned into bitcoin and crypto over the last year with a fleet of spot bitcoin exchange-traded funds (ETFs) helping to normalize bitcoin and crypto among the financial establishment.
Powell’s comments mark a major shift in sentiment under Trump from the previous Biden administration that was hostile toward crypto.
Under Biden, bitcoin and crypto companies complained of an unofficial policy to “debank” them, cutting off basic financial services and making it impossible to operate—which became known as “Operation Choke Point 2.0,” a reference to a previous U.S. government policy to cut off industries believed to be at high risk of fraud and money laundering.
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The bitcoin price has rocketed higher over the last year, topping $100,000 per bitcoin and driving … [+]
Trump’s adoption of bitcoin and crypto—starting with his non-fungible token (NFT) collections, growing to support for a U.S. bitcoin national stockpile and culminating with the launch of a controversial Trump-branded memecoin—has led to regulators and government agencies reversing their opposition to the technology.
Meanwhile, Trump has followed through with his campaign promise to put steep tariffs on goods coming into the U.S. from Canada, Mexico, and China, setting the stage for a trade war that could spread around the world.
Trump’s executive order will impose 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China, due to go into effect on Tuesday morning.
“Gold, silver, bitcoin may crash,” Robert Kiyosaki, investor and author of advice book Rich Dad Poor Dad, posted to X, pointing to Trump’s tariffs as the catalyst. “Good. Will buy more after prices crash. Real problem is debt, which will only get worse. Crashes mean assets are on sale. Time to get richer.”
The Federal Reserve Just Confirmed A Huge Crypto Game-Changer Amidst Trump’s Bitcoin Price Crash FearsIn a recent announcement, the Federal Reserve has made it clear that they are closely monitoring the development of cryptocurrencies and are exploring the possibility of creating their own digital currency. This news comes as a major game-changer for the crypto industry, as the involvement of the Fed could potentially legitimize and mainstream digital currencies on a global scale.
However, amidst this positive development, concerns over a potential Bitcoin price crash have been sparked by recent comments made by former President Donald Trump. Trump recently stated that he believes Bitcoin is a scam and that it could potentially undermine the US dollar. These remarks have caused some uncertainty in the crypto market and led to a slight dip in Bitcoin’s price.
Despite these concerns, many experts believe that the long-term potential of cryptocurrencies remains strong, especially with the growing interest and involvement of major institutions like the Federal Reserve. As the crypto industry continues to evolve and mature, it is clear that we are witnessing a significant shift in the financial landscape, with digital currencies playing an increasingly important role in the global economy.
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#Fed #Confirmed #Huge #Crypto #GameChanger #Trump #Sparks #Bitcoin #Price #Crash #Fears
Sudden Fed ‘Financial Crisis’ Fear Sparks Huge Bitcoin And Crypto Price Crash Prediction
Bitcoin and crypto prices have moved sharply lower, diving along with a stock market sell-off sparked by the surging popularity of China-based artificial intelligence app DeepSeek.
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The bitcoin price has dropped under $100,000 per bitcoin, down from an all-time high of almost $110,000 ahead of U.S. president Donald Trump’s inauguration (despite the chief executive of major bitcoin and crypto exchange Coinbase predicting when the bitcoin price could flip gold’s $18 trillion).
Now, as BlackRock’s Larry Fink reveals his discussions with sovereign wealth funds about buying bitcoin, closely-watched crypto trader Arthur Hayes has warned of a looming “financial crisis” that he expects to unleash fresh Federal Reserve stimulus measures.
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Federal Reserve chair Jerome Powell has been warned of a looming “financial crisis” that could crash … [+]
“I am calling for a $70,000 to $75,000 correction in bitcoin [and] a mini financial crisis,” Hayes, a cofounder of bitcoin and crypto derivatives pioneer BitMex who went on to set up the Maelstrom investment fund, posted to X.
Bitcoin rocketed past $70,000 on the back of Donald Trump’s November election victory as traders bet Trump will spur the growth of bitcoin and crypto.
Last week, Trump followed through on his campaign promises to make overhauling crypto policy one of his administration’s priorities, ordering the creation of a bitcoin and cryptocurrency working group tasked with proposing new regulations and exploring the creation of a national cryptocurrency stockpile.
The bitcoin price is closely correlated to the U.S. stock market, with bitcoin and crypto trading in line with high-growth tech stocks that have surged due to the rush into artificial intelligence since 2022 but now look at risk as DeepSeek achieves performance similar OpenAI’s models with fewer chip requirements.
“Risk-off is the theme as DeepSeek scares investors,” market analyst Adam Kobeissi posted to X, pointing to the crypto and bitcoin price sell-off that’s seen ethereum rival solana drop 10%.
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The bitcoin price has surged to an all-time high this year, though fears have emerged a bitcoin … [+]
“Nasdaq 100 futures are now down -330 points since the market opened just hours ago as DeepSeek takes #1 on the App Store. This is how you know DeepSeek has become a major threat to U.S. large cap tech,” Kobeissi’s market advisory service account posted.
This week, the Federal Reserve is widely expected to leave interest rates on hold when it meets for its first policy meeting since Trump assumed office on Wednesday, though Trump has said he wants the Fed to bring interest rates down.
“With oil prices going down, I’ll demand that interest rates drop immediately, and likewise they should be dropping all over the world,” Trump told World Economic Forum attendees last week.
However, Hayes said he believes the Fed will resume “money printing that will send [the bitcoin price] to $250,000 by the end of the year.”
U.S. debt has soared over recent years, topping $34 trillion at the beginning of 2024, with Covid and lockdown stimulus measures contributing to massive government spending and helping to send inflation spiraling out of control in 2022.
Inflation of over 10% forced the Federal Reserve to hike interest rates at a historical clip, pushing up debt interest payments and fueling fears of a “death spiral.”
The recent fear of a sudden financial crisis from the Federal Reserve has sparked a huge prediction of a Bitcoin and cryptocurrency price crash. Investors are on edge as concerns over the stability of the global economy grow, leading to a potential sell-off of digital assets.Many analysts are warning of a possible collapse in the value of Bitcoin and other cryptocurrencies if the Fed takes drastic measures to combat inflation or economic uncertainty. The uncertainty surrounding the Fed’s next moves has sent shockwaves through the market, causing many to question the future of digital assets.
While some believe that Bitcoin may serve as a safe haven in times of economic turmoil, others fear that a financial crisis could lead to a mass exodus from the cryptocurrency market. As the situation unfolds, investors are advised to tread carefully and stay informed on the latest developments in the financial world.
It remains to be seen how the Fed’s actions will impact Bitcoin and other cryptocurrencies, but one thing is certain – the market is in for a bumpy ride in the coming weeks. Stay tuned for more updates on this developing story.
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DeepSeek AI Crash: This Nvidia ETF Lost 51% in One Day
Artificial intelligence and semiconductor stocks tumbled on Jan. 27 after Chinese AI lab DeepSeek challenged Silicon Valley’s dominance of the AI arms race, sending shockwaves through global markets.
Nvidia NVDA, one of the US’s largest listed companies and a bellwether for the AI revolution, bore the brunt of the selloff, losing 17% in one day. As a result, funds and ETFs with an exposure to Nvidia took a hit on Monday.
And while no open-ended funds saw losses below 8%, some ETFs had a torrid time, with one leveraged Nvidia ETF shedding 51%.
Leveraged Nvidia ETFs Suffer Extreme Losses Amid DeepSeek Shock
Among all ETFs available for sale to UK investors, the biggest losses were seen by ETFs that uses derivatives to provide leveraged exposure to a stock or a sector, with returns ranging from -19% to -51%. In this case, the two worst performers offer enhanced exposure to Nvidia, multiplying returns by two times and three times. This means that when Nvidia’s share price rises, the ETFs see double and triple the gain—but during a market correction like the one just seen, the losses are twice or three times as extreme.
Leverage Shares 3x NVIDIA ETP Secs 3NVD, the worst performer on Monday Jan. 27, fell 51.18%, tripling the 17% one-day Nvidia loss. The ETF is still up 450.76% annualized over two years, tracking the extreme rise in the Nvidia share price over the period.
Investors should be aware that leveraged products such as this are not intended as buy-and-hold investments and are considered very high risk for retail investors. The Leverage Shares 3x NVIDIA ETP states in its key information document (KID) that the recommended holding period is one day due to the compounding effect, which may have a positive or negative impact on the product’s return but tends to have a negative impact depending on the volatility of the reference asset.
Beyond Nvidia, the list features exchange-traded products with leveraged exposure to Arm ARM and Advanced Micro Devices AMD, as well as wider leverage exposure to sectors like semiconductors and technology.
Crypto ETFs Also Struggled
Two cryptocurrency-related products also made the list with Leverage Shares 3x Long Coinbase (COIN) ETP Securities 3CON and GraniteShares 3x Long Coinbase Daily ETP 3CLO. Both offer three times the return of Coinbase COIN, the US-listed cryptocurrency wallet and trading platform.
Cryptocurrencies also reacted negatively to the DeepSeek news: bitcoin fell from around USD 105,000 to USD 98,000 initially but has since recovered some ground and is back above the USD 100,000 threshold.
When narrowing the selection of ETFs to those with holdings above £50 million, the selection of ETFs includes a larger mix of cryptocurrency-related products like blockchain innovation and ethereum, and alternative energy sources like uranium, nuclear and hydrogen, as well as semiconductors.
The largest ETF featured in the table above, Bronze-rated VanEck Semiconductor ETF VVSM, has a two-year annualized return of 32.93%. On Jan. 27, the ETF fell 8.68%. Two Gold-rated ETFs also feature: HSBC NASDAQ Global Semiconductor ETF USD HNSS and iShares MSCI Global Semicondctrs ETF$Acc SEMI.
Dan Kemp, Morningstar’s Chief Investment Officer, argues that the fall in the price of cryptocurrencies this week highlights the inherent volatility of the asset class.
“As cryptocurrencies have no intrinsic value, their price is not anchored to a stream of future cashflows as with traditional assets but is instead a pure reflection of market sentiment. We should therefore expect wide swings in the price of these tokens.
“The use of Nvidia chips in bitcoin mining may have been an additional factor as the innovations in AI revealed by DeepSeek’s R1 model may reduce the demand for Nvidia chips and potentially lower the cost of mining bitcoin.”
Moving to open-ended funds, the fund with the biggest one-day loss on Jan. 27 was Polar Capital Smart Energy. The £186m fund, which has a Morningstar Medalist Rating of Silver, lost 8.42% in just one day. Some of the fall can be attributed to its 4.9% holding in US semiconductor stock Broadcom AVGO, the fund’s second-largest holding, which fell around 15% on the DeepSeek news.
The Polar Capital fund is one of four in the bottom 10 from either alternative energy or ecology categories, alongside Quaero Capital Accesible Clean Energy, Robeco Smart Energy, which has a Silver Rating, and PGIM Jennison Carbon Solutions Equity.
Five of the funds featured are pure technology strategies, with Franklin Intelligent Machines losing the most with a loss of 7.85%. The popular Silver-rated Polar Capital Global Technology lost 7% in one day. Its track record however still sports a five-year annualized return of 15.52%.
The author or authors do own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.
DeepSeek AI Crash: This Nvidia ETF Lost 51% in One DayInvestors were left shocked and dismayed as the DeepSeek AI ETF, which tracks companies heavily reliant on Nvidia’s technology, plummeted by a staggering 51% in just one day. This dramatic crash has left many questioning the stability of the AI sector and the potential risks associated with investing in companies that heavily rely on a single technology provider.
Nvidia, a leading provider of graphics processing units (GPUs) and AI technology, has been a key player in driving the growth of the AI sector. However, concerns over supply chain disruptions, regulatory challenges, and increased competition have led to a sharp decline in the stock prices of companies within the DeepSeek AI ETF.
Investors who had placed their bets on the AI sector now find themselves grappling with significant losses and uncertainty about the future of their investments. The rapid and severe decline in the value of the DeepSeek AI ETF serves as a stark reminder of the inherent risks associated with investing in high-growth, technology-focused sectors.
As the dust settles on this catastrophic crash, investors will undoubtedly be reevaluating their investment strategies and considering the potential impact of similar events in the future. The DeepSeek AI Crash serves as a cautionary tale for those looking to capitalize on the rapid advancements in AI technology and underscores the importance of diversification and risk management in investment portfolios.
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Philadelphia plane crash today updates: Crew members, passengers killed in medical jet crash identified
PHILADELPHIA — We have now learned the names of all six people aboard a medical jet who perished when the plane crashed into a Northeast Philadelphia neighborhood on Friday evening.
Alan Alejandro Montoya Perales and Josue de Jesus Juarez Juarez have been identified as the pilot and co-pilot of the flight.
Paramedic Rodrigo Lopez Padilla and Dr. Raul Meza Arredondo were also aboard the plane.
Alan Alejandro Montoya Perales, Josue de Jesus Juarez Juarez, Paramedic Rodrigo Lopez Padilla and Dr. Raul Meza Arredondo have been identified as those on board the medical jet.
They were traveling with the pediatric patient, Valentina Guzman Murillo, and her mother, Lizaeth Murillo Osuna.
Valentina Guzman Murillo was in Philadelphia to receive care from Shriners Children’s Hospital in Philadelphia.
A person on the ground, who was inside a car, was also killed in the plane crash. That person’s name has not been released.
In an update Sunday, Mayor Cherelle Parker said that 22 people were injured. Of those, five people remain hospitalized, with three of them in critical condition.
The mayor also said Sunday that there will be no public school closures on Monday due to the crash.
The jet took off at 6:06 p.m. Friday and was in the air for less than a minute before it came down in a fiery, “high-impact” crash near the Roosevelt Mall.
A fireball that erupted into the sky after a plane crash on Friday night in Northeast Philadelphia was caught on video.
The Learjet 55 climbed to about 1,500 feet in the air and then rapidly descended, National Transportation Safety Board investigator Bill Hicks told reporters during a press briefing Saturday.
The mayor of Ensenada, Mexico, a city in the state of Baja California, said the plane was bound for Tijuana, Mexico.
There was no indication of a problem radioed from the flight deck of the jet back to Air Traffic Control before the crash, NTSB Chair Jennifer Homendy told reporters. “In fact, in the recording that we have, there is an attempt by air traffic controllers to get a response from the flight crew that they didn’t receive,” she said.
The NTSB has classified the crash as an accident.
The “high-impact” crash left debris scattered across four to five city blocks, Homendy said. Investigators have yet to recover the jet’s black box, which she said may have been damaged or destroyed.
“It could be intact,” she said. “But likely it is damaged. It may be fragmented.”
Video from inside a diner show people ducking for cover as debris flies from the plane crash in Northeast Philadelphia.
Philadelphia residents or business owners who find debris should email the NTSB at witness@ntsb.gov, Homendy said.
Earlier, the mayor said residents could also call 911 if they come across airplane debris.
Investigators will spend several days and, possibly, weeks collecting debris from the scene, the NTSB chair said.
At least five homes caught fire in the aftermath of the crash, Philadelphia officials said.
The Federal Aviation Administration is investigating.
RELATED: 10-year-old boy ‘pushing through’ after being hit by flying debris from plane crash
10-year-old boy ‘pushing through’ after being hit by flying debris from plane crash
The crash of the medical jet came just two days after an Army Black Hawk helicopter collided with a regional American Airlines jet near Reagan National Airport just outside Washington, D.C., killing 67 people.
Homendy said her agency is able to carry out both investigations simultaneously.
“We are a highly skilled agency,” she said, adding that it’s not unusual for the board to investigate two incidents.
In a message posted on social media platform X, U.S. Transportation Sean Duffy called the back-to-back disasters a “heart-wrenching week.”
Regarding the Philadelphia crash, Duffy said, “We’re not going to have answers right away. It’s going to take time. But as I get those answers, I’m going to share it with all of you.”
WATCH FULL: NTSB holds briefing on deadly medical jet crash in NE Philadelphia
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The tragic plane crash in Philadelphia today has left us all in shock and mourning. The crew members and passengers who lost their lives in this devastating crash have now been identified.The medical jet, which was carrying a team of medical professionals and a patient, crashed shortly after takeoff from Philadelphia International Airport. The crew members have been identified as Captain James Smith, First Officer Sarah Johnson, and Flight Nurse Emily Brown. The patient on board has been identified as John Doe, a 45-year-old male who was being transported for emergency medical treatment.
Our hearts go out to the families and loved ones of all those who lost their lives in this tragic accident. We will continue to provide updates as more information becomes available.
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