| Good Evening, it is Thursday September 26th, and we're covering HHurricane Helene Updates: Storm Intensifies; NYC Mayor Stays Firm Amid Corruption Case; UFC Settles $375M Antitrust Lawsuit and some big investing tips & much more!! First time reading? | | American Fact of the Day! | The U.S. is the birthplace of many popular inventions, including the airplane, the light bulb, and the internet. The Wright brothers made their first powered flight in 1903, while Thomas Edison developed the first practical electric light bulb in 1879. These innovations have significantly shaped modern society and global transportation! | Breaking Updates | | Hurricane Helene live updates: Storm set to intensify and cause 'catastrophic' damage across Florida | Helene is currently a Category 2 hurricane with wind speeds of 100 mph. It is expected to make landfall on Florida's Big Bend this evening as at least a Category 3 hurricane, bringing the risk of devastating damage. | The storm was 255 miles southwest of Tampa as of 11 a.m. ET, traveling northeast at 14 mph. | A storm surge warning is in place for almost the entirety of Florida's west coast, where surging waters described as "unsurvivable" could reach as high as 20 feet in places. | Read More Here |
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| NYC Mayor Eric Adams says he doesn't plan to resign despite federal corruption case against him | New York City Mayor Eric Adams was indicted on federal charges Thursday, accused of accepting bribes from foreign nationals and receiving illegal campaign contributions in exchange for facilitating favors, including securing fire safety approvals for a new Turkish diplomatic building. The indictment details a decade-long pattern of corruption involving conspiracy, wire fraud, and bribery, highlighting Adams's failure to disclose gifts and contributions while he "kept the public in the dark." U.S. Attorney Damian Williams emphasized that Adams, with his history in law enforcement, had a duty to maintain transparency and accountability to the citizens he serves. | In response to the allegations, Adams addressed reporters outside Gracie Mansion, affirming that he has no intention of resigning and urging New Yorkers to await his legal defense before passing judgment. He described the day as painful but expressed confidence in his upcoming defense, suggesting that this legal battle is a culmination of a prolonged investigation. As he spoke, demonstrators rallied nearby, accusing him of corruption and misusing his power, underscoring the tumultuous atmosphere surrounding the mayor's office amid these serious allegations. The indictment further claims that Adams exploited the city's matching funds program, receiving over $10 million in public funds based on false certifications, and that he actively sought luxurious travel benefits from a Turkish official while creating misleading documentation to obscure his actions. | Read More Here | | | American Sports & Culture |  | Ex-MVP Rose retiring after 16-year NBA career | Former MVP Derrick Rose is retiring from the NBA after a 16-year career. The Grizzlies had granted Rose's request to let him out of the final year of his contract earlier in the week. |
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|  | UFC agrees to $375M settlement in antitrust suit | The UFC reached a $375 million settlement in one of its antitrust lawsuits on Thursday. |
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|  | 'The Last of Us' Season 2 Releases Intense, Ominous Teaser Trailer | The second season of the acclaimed drama series starring Bella Ramsey and Pedro Pascal returns in 2025, and also released three posters. |
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| American Business & Markets |  | David Tepper says the Fed has to cut rates at least two or three more times to keep credibility | Appaloosa Management's David Tepper said the macro setup for U.S. stocks makes him nervous as the Fed eases policy in a good economy like it did in the 1990s. |
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|  | Swiss central bank cuts rates by a quarter point in third trim this year | It was the first major Western central bank to reduce interest rates back in March. |
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|  | Ray Dalio says the Fed has a tough balancing act as the economy faces 'enormous amount of debt' | On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy. |
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