4.8-Magnitude Earthquake , Hits US East Coast.
NBC reports that the East Coast of the United States
was struck by an earthquake on April 5
which was felt from Maryland to Maine.
According to the U.S. Geological Survey,
the earthquake struck just before 10:30 a.m. local
time and was measured at a 4.8-magnitude. .
There were no initial reports
of any major damage.
According to New York Governor
Kathy Hochul, the quake could
be felt across the state. .
My team is assessing impacts
and any damage that may have
occurred, and we will update
the public throughout the day, Kathy Hochul, New York Governor, via NBC.
New Jersey Governor Phil Murphy
said that the state's emergency
operations center had been activated.
New Jersey Governor Phil Murphy
said that the state's emergency
operations center had been activated.
As a result of the quake, the Port
Authority Transit Corp. suspended service
between Pennsylvania and New Jersey. .
Crews will inspect the integrity
of the line out of an abundance
of caution. Once inspection is
complete, service will resume.
No timeframe. Updates to follow, Port Authority Transit Corp. statement, via X.
Meanwhile, New York’s Metropolitan Transportation
Authority said service would not be impacted by the quake,
and teams would be inspecting train lines for damage.
NBC reports that earthquakes are a rare occurrence in
the Northeast, however in February of 2023, Buffalo,
New York, was struck by a 3.8-magnitude quake
Credit: Wibbitz Top Stories Duration: 01:30Published
Hundreds of Thousands Lose Power , Amid Deadly Nor’easter.
As of April 5, hundreds of thousands of people
have lost power, and at least three people have died
as a result of heavy snow and powerful winds
slamming parts of the Northeast, CNN reports. .
40 mph wind gusts were encountered
in areas across the region.
Three people were killed in Pennsylvania and
New York when trees fell onto their cars. .
One of the victims was "the wife of a
New York Yankees executive," CNN reports. .
As of the morning of April 5, over 300,000 people
were without electricity in Maine and New Hampshire.
The heaviest snow is over, but danger still remains, according to the National Weather Service.
Winds will also remain gusty and may result
in additional downed branches and limbs due
to the weight of freshly fallen snow, National Weather Service, via statement.
Many roads, particularly in York County, Maine, have been left impassable due to debris and fallen power lines.
I encourage all residents to remain alert
during today’s storm. High winds and rains
can cause unexpected and often disastrous
weather, I urge everyone to stay safe, Ed Warren, East Kingston, New Hampshire, fire department chief, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Trump Can’t Obtain Appeal Bond , in New York Fraud Case.
According to a New York court filing
on March 18, Trump isn't able to secure a
$454 million bond as he appeals a civil business
fraud judgement against him, CNBC reports. .
Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".
Defendants’ ongoing diligent
efforts have proven that a bond
in the judgment’s full amount
is ‘a practical impossibility.’, Donald Trump's lawyers, via CNBC.
Gary Giulietti, president of the
Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.
Despite scouring the market, we have
been unsuccessful in our effort ... for the
simple reason that obtaining an appeal bond
for $464 million is a practical impossibility
under the circumstances presented, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Simply put, a bond of this
size is rarely, if ever, seen, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
In the unusual circumstance that a bond of
this size is issued, it is provided to the largest
public companies in the world, not to
individuals or privately held businesses, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size. .
While it is my understanding that
the Trump Organization is in a strong
liquidity position, it does not have
$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll. .
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll.
Credit: Wibbitz Top Stories Duration: 01:31Published
Aldi to Add , 800 New Stores in US.
The grocery giant wants to add 800 new stores in America by 2028, NBC News reports. .
Aldi plans to build or expand many
locations in the Northeast, Midwest,
western U.S. and Southern California.
Las Vegas will also get its first Aldi store. .
In the Southeast, Aldi plans to convert some Winn-Dixies and Harveys into its stores.
However, since acquiring
parent company Southeastern Grocers,
"a meaningful" amount of Winn-Dixies and Harveys will keep their current branding. .
Aldi expects 50 stores to start the conversion process toward the end of 2024.
Our growth is fueled by our customers, and they are asking for more Aldi stores in their neighborhoods nationwide, Jason Hart, Aldi CEO, via statement.
With this commitment to add
800 stores in the next five years,
we’ll be where our shoppers need
us while positively impacting
the communities we serve, Jason Hart, Aldi CEO, via statement.
Aldi is currently "the fastest-growing grocery retailer" in America, NBC News reports.
Aldi is currently "the fastest-growing grocery retailer" in America, NBC News reports.
Retailers everywhere should be
examining their private brand,
pricing, assortment, digital, and
real estate strategies in response
to Aldi’s move, to build protective
moats for an uncertain future. , Via a report on Aldi from last summer said,
according to GroceryDive.com.
Retailers everywhere should be
examining their private brand,
pricing, assortment, digital, and
real estate strategies in response
to Aldi’s move, to build protective
moats for an uncertain future. , Via a report on Aldi from last summer said,
according to GroceryDive.com
Credit: Wibbitz Top Stories Duration: 01:31Published
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