Wall Street mixed as Tesla surges while IBM falls
Wall Street ended mixed with the S&P 500 up 0.2 percent and the Dow down 0.3 percent. Tesla surged 21.9 percent on strong quarterly profit and optimistic growth guidance, while IBM slumped 6.2 percent after a revenue miss. Boeing and Union Pacific traded lower amid strike and profit concerns.
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Experts say U S food supply remains safe amid recalls
Experts insist the U S food system remains among the safest in the world despite high profile recalls and outbreaks. FDA and USDA oversee most foods while monitoring events that cause illness, with more than 300 recalls annually and about 800 outbreaks tracked by the CDC each year.
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IMF Chief Warns of Slow Growth and High Debt Risk
IMF Managing Director Kristalina Georgieva warned that the global economy could stall in a slow growth, high debt trap amid conflict and U S China tensions. She urged China to take decisive action to boost its sluggish economy and cited a 3.2 percent 2024 growth outlook with debts nearing 100 trillion by 2030.
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Ship owner to pay $100M for hitting bridge
The Dali cargo ship owner Grace Ocean Private Ltd and manager Synergy Marine Group agreed to settle with the Justice Department for more than $100 million over the Baltimore Fort McHenry Channel bridge collapse. The deal covers cleanup costs but not bridge rebuilding costs, with Maryland seeking additional damages. The incident injured no one in the ship, but six road workers died during the bridge incident investigation.
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