Tag: backed

Blue Water Bridge traffic backed up for miles

Traffic to the Blue Water Bridge has been backed up for miles on the verge of a potential Canadian Customs strike Friday afternoon. Port Huron Police Lt. Patrick Eash said traffic on Interstate 94 is backed up all the way to Interstate 69. Jocelyn Garza, Communication Specialist for the Michigan Department of Transportation, said the […]

Highway 23 northbound backed up into Bardsdale by semi crash

Northbound Highway 23 heading into the Bardsdale area was backed up Thursday afternoon by a crash involving a semitrailer. A semi had reportedly ended up in a ditch along the state route north of Moorpark around 4:15 p.m., according to California Highway Patrol reports. The incident took place near the juncture with Bardsdale Avenue. The […]

Traffic backed up on I-8 west after multiple vehicle accident: CHP

SAN DIEGO (FOX 5/KUSI) — A multiple vehicle accident on I-8 has traffic backed up Wednesday afternoon in Mission Valley. California Highway Patrol (CHP) responded to reports of a multi-vehicle crash just before noon Wednesday on I-8 westbound in the area of Hotel Circle in Mission Valley. Carnival cruise ship responds to distress call, rescues […]

Losses Pile Up in Top-Rated Bonds Backed by Commercial Real Estate Debt

(Bloomberg) — For the first time since the financial crisis, investors in top-rated bonds backed by commercial real estate debt are getting hit with losses. Most Read from Bloomberg Buyers of the AAA portion of a $308 million note backed by the mortgage on the 1740 Broadway building in midtown Manhattan got less than three-quarters […]

San Angelo pedestrian dead after being backed over by vehicle

A San Angelo pedestrian is dead after being backed over by a vehicle, according to a news release from the Texas Department of Public Safety. The event happened around 10 a.m. Wednesday by 9500 South York Road in Tom Green County. According to the preliminary investigation, Cody Brazeal, 40, was driving a 2006 Mack Tanker […]

Fed Chair Powell ‘backed himself into a corner’ by predicting rate cuts this year and is now in a ‘tricky situation,’ according to this chief investment officer

Just a few months ago, Federal Reserve Chairman Jerome Powell was looking quite prescient. After being criticized for years by economists, Wall Street titans, and CEOs for mistakenly labeling inflation as “transitory” in 2021, Powell’s response to his inflation predicament—rapid interest rate hikes—managed to quash the bulk of consumer price increases by the end of […]