Man Who Called Nvidia at $1.10 Says Buy This Now...

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Maryland awards contract for Francis Scott Key Bridge rebuild after deadly collapse

LEA SKENE
August 29, 2024

BALTIMORE (AP) -- Maryland transportation leaders on Thursday approved a contract for rebuilding the Francis Scott Key Bridge several months after the 1.6-mile (2.6-kilometer) steel span collapsed under the impact of a massive container ship that lost power and crashed into one of its supporting columns.

In the immediate aftermath of the deadly March 26 collapse, officials quickly promised to rebuild the bridge -- a longstanding Baltimore landmark and vital piece of transportation infrastructure.

They cited a 2028 completion date and estimated the project would cost $1.7 billion and would include significantly more pier protection to better defend against future wayward ships.

At a monthly meeting Thursday morning, the Maryland Transportation Authority board awarded a $73 million contract for the first phase of the project to Kiewit Infrastructure, which calls itself "one of North America's largest and most respected engineering and construction organizations."

Bruce Gartner, executive director of the Maryland Transportation Authority, said the contract award signifies a big step forward in the recovery and rebuild process.

"This really represents such an order of magnitude bigger than all our previous milestones," he said in an interview Thursday. He said the agency hopes to release renderings of a preliminary design within the next few months, which will give the public an idea of what the new bridge will look like.

Kiewit was founded in 1884 to provide masonry services in Omaha, Nebraska, according to its website. Its notable past projects include the Fort McHenry Tunnel under Baltimore's harbor, which opened in 1985. More drivers have been using the tunnel since the bridge collapse eliminated one of three water crossings that allowed them to bypass downtown Baltimore.

Gartner said the state has worked with Kiewit before and that the company has managed construction of major water crossings with maritime activity similar to the Key Bridge.

"We look forward to partnering with the Maryland Transportation Authority, many local subcontractors and suppliers, and our strong craft workforce to safely deliver and restore this vital transportation link in the city of Baltimore and the greater region," the company said in a statement Thursday.

In announcing their recommendation to the board, state transportation officials said the company's proposal was ranked first for its technical contents despite being somewhat more expensive than others.

Officials said the project will advance in two phases, with the first focusing on the design work and other necessary steps before construction begins, which could include demolition of the remaining pieces of the bridge that are still standing. Phase one is expected to be completed within a year.

Kiewit will have "exclusive negotiating rights" for the second phase, transportation officials said in a statement following the board meeting. "In the event a guaranteed maximum price is not agreed upon, the MDTA will deliver the work under a separate contracting mechanism," the statement read.

Officials have said the new bridge will be somewhat taller than the old one to accommodate ever-larger ships entering Baltimore's harbor. The original Key Bridge took five years to construct and opened in 1977.

The March bridge collapse killed six members of a road work crew who were filling potholes on the bridge when it came crashing down into the water below. Baltimore's busy port was closed for months after the collapse and increased traffic congestion in the region remains a problem for drivers.

An FBI investigation is ongoing into the circumstances leading up to the collapse, including power outages experienced by the cargo ship Dali while it was still docked in Baltimore.

The state transportation board also on Thursday approved a proposal to remit the proceeds from a recent $350 million insurance payout to the federal government. They called the decision a show of good faith as discussions continue about whether the federal government will cover 100% of the cleanup and rebuilding costs. Chubb, the company that insured the bridge, made the $350 million payout to the state, officials said this week.

Ongoing litigation will ultimately determine other assignments of liability in the bridge collapse, which could become one of the most expensive maritime disasters in U.S. history.

The federal government generally picks up 90% of the tab and the state 10% when replacing disaster-damaged interstate highways and bridges, but the Biden administration and members of Maryland's congressional delegation are pushing congressional lawmakers to approve a 100% reimbursement.

Officials have said they expect that federal taxpayers will eventually be made whole for replacing the bridge through insurance payouts and damages, but that may take a while.

___

Associated Press writer Brian Witte contributed from Annapolis.

Continue Reading...

Popular

Israel has a long history of pulling off complex attacks like the exploding pagers

JERUSALEM (AP) — Hezbollah and the Lebanese government were quick to blame Israel for the nearly used by the militant group's members in an attack Tuesday that killed at least nine people and wounded nearly 3,000 others, according to officials.

5 Stocks That Could Triple in a Week - Ad

What if I told you that I have a system that has detected when these tiny stocks are on the verge of exploding... And what if I told you my system has targeted 5 new stocks that could triple as early as next week? Pay just $5 for a full year of Stealth Trades before this deal disappears!

Why Intuitive Machines' Stock Is Blasting Off In Extended Trading

Intuitive Machines shares are blasting higher in extended trading Tuesday after the company announced it was awarded a NASA contract.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

September Market Seasonality: Why This Month Is Historically The Toughest For Investors

As the market enters September, investors brace for what is historically the most difficult month of the year for equities.

Bitcoin, Ethereum, Dogecoin Pump 5%: Here's What Wednesday's Fed Rate Cut Decision Could Mean For Crypto

Cryptocurrency markets are bracing for the Federal Reserve’s decision on Wednesday whether to cut interest rates by 25 or 50 basis points.

America's Slow Decline into Hell - Ad

As Kamala Harris rises to power, her 3-word agenda threatens every American's freedom and financial security. Get the inside scoop and

California governor signs laws to crack down on election deepfakes created by AI

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed three bills Tuesday to crack down on the use of artificial intelligence to create ahead of the 2024 election.

Flames from massive pipeline fire near Houston subside but continue burning

DEER PARK, Texas (AP) — A flame that towered over a southeast Houston suburb had subsided Tuesday, but continued to burn following after a vehicle drove through a fence and struck an above-ground valve, officials said.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Imminent FDA Decision Could End Obesity in America... - Ad

...and spark a 224,000% sales surge for one tiny micro-cap stock. Channelnomics says it "Could have a greater impact on the world than artificial intelligence." BMO Capital calls it "A goldmine for investors." The Wall Street Journal says it's "A Gold rush."

Amazon is requiring workers to be in the office five days a week starting next year

is reverting to its pre-pandemic policy and will require corporate employees to be five days a week starting next year, CEO Andy Jassy said Monday.

Scaramucci Says Melania Trump Would Prefer Kamala Harris To Donald Trump As President

Anthony Scaramucci has claimed that Melania Trump would rather see Kamala Harris win the presidency than her own husband.

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

No 'Razzle-Dazzle' With Latest iPhone, But Apple Wowed With These 2 'Glowtime' Announcements, Says Gurman

Apple, Inc. unveiled iPhone 16 at the Glowtime event last week did not live up to the hype but it made up for some of the disappointment with its hearing aid and health upgrades, said Bloomberg's Mark Gurman on Sunday.

Don't Buy Another Stock Until You See This - Ad

We face a widespread collapse unlike anything we've seen in our lifetimes. By taking 4 simple steps today you can stay safe from the coming catastrophe. Which is why I want to rush you my new book "Midnight in America" FOR FREE.

China's economy softens in August as Beijing continues to grapple with lagging demand

BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.

The Coast Guard will hear from former OceanGate employees about the Titan implosion

U.S. Coast Guard officials investigating the implosion of an experimental watercraft en route to the wreck of the Titanic were scheduled Monday of the company that owned the Titan submersible.

A New Drug Set to Outgrow Zoloft and Metformin--Invest Now - Ad

A new breakthrough drug is predicted to hit 250 million subscriptions in the next SIX YEARS, according to Morgan Stanley. Even better, a tiny company - trading for only $7 - holds key patents on this new drug. But it won't stay under the radar for much longer.

The 2024 Olympics were a success for Paris but a calamity for some of its businesses

PARIS (AP) — Parisian business owners and hotel managers were promised a summer like no other. Millions of tourists would flood the French capital for the and , generating huge profits for Paris and its region.

Utility ordered to pay $100 million for its role in Ohio bribery scheme

An energy company at the center of a $60 million bribery scheme in Ohio has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million civil penalty for misleading investors about its role in the scandal.

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Right now, there's an AI stock on the verge of being snapped up by a giant company... And when it does, its price could go flying. The potential gains could be astronomical. You want to get in before that happens... Otherwise the opportunity could pass you by. Your window to buy in is right now...

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

WASHINGTON (AP) — American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it's from a two-decade peak.

Elon Musk Comments On Why They Want To Kill Trump, DeSantis Promises Florida's Own Probe

A second assassination attempt on Donald Trump was foiled by the U.S. Secret Service while he was golfing in Florida, with political figures from both parties condemning the incident and reaffirming the importance of denouncing political violence.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Google wins legal bid to overturn 1.5 billion euro antitrust fine in EU digital ad case

LONDON (AP) — Google won a court challenge on Wednesday against a 1.49 billion euro ($1.66 billion) European Union antitrust fine that targeted its online advertising business.

Navy officer demoted after installing unauthorized satellite dish on warship to access internet

SAN DIEGO (AP) — A U.S. Navy chief who wanted the internet so she and other enlisted officers could scroll social media, check sports scores and watch movies while deployed had an unauthorized Starlink satellite dish installed on a warship and lied to her commanding officer to keep it secret, according to investigators.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Stanley Cup champion Panthers agree to extend arena deal with Broward County through at least 2033

FORT LAUDERDALE, Fla. (AP) — The Stanley Cup champion Florida Panthers are extending their operating agreement with Broward County for five more years, ensuring that the team remains in the market through 2033 and likely well beyond.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service