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Greek Tanker Struck by Missile in Black Sea, Crew Emerges Unharmed

  A Greek‑flagged tanker sailing near the Russian port of Novorossiysk was struck by a missile but remained operational, and all 24 crew members were confirmed safe.   A Greek‑owned and Greek‑flagged tanker sustained material damage after being hit by a missile while sailing approximately 14 nautical miles off the Russian port of Novorossiysk in the Black Sea. According to authorities, the vessel—operated by Maran Gas Maritime—was not carrying cargo at the time of the strike and continued to navigate safely following the incident.  All 24 crew members on board, including ten Greek nationals, thirteen Filipinos, and one Romanian, were reported to be in good health. The impact caused damage to the starboard side of the ship, but no assistance or towing was required. The tanker remained fully operational, and no environmental pollution was reported.  Greek officials have condemned the attack as dangerous and unacceptable, noting that the incident occurred amid height...
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Tech Stocks Rally as Powell Reinforces Fed Caution



US stocks surged today, with technology companies leading the way. Investors closely followed Federal Reserve Chair Jerome Powell’s testimony, where he reiterated that interest rate cuts are still likely this year. Here are the key highlights:

  1. Tech Rebound: The tech-heavy Nasdaq Composite (NASDAQ: IXIC) bounced back by about 1% after a sharp slide in stocks on Tuesday. Investors welcomed this recovery.

  2. Powell’s Stance: Powell’s prepared testimony indicated that rate cuts are likely to be warranted “at some point” in 2024. Investors eagerly await further clarity during his two-day testimony before Congress.

  3. Individual Stocks: CrowdStrike (NASDAQ: CRWD) shares continued their post-earnings rally, surging over 18%. The cybersecurity company’s positive outlook signaled robust demand in the sector. Other cybersecurity stocks, including Zscaler (NASDAQ: ZS), also gained.

  4. Goldman Sachs’ Outlook: Economists at Goldman Sachs predict that 2024 will be the year of rate cuts globally. Central banks in developed markets are expected to cut rates for at least three consecutive meetings, starting in June.

In summary, Powell’s cautious stance and positive economic data have contributed to today’s market rally. Investors remain attentive to any deviations from the Fed’s message regarding interest rates. As we navigate these uncertain times, tech stocks continue to play a pivotal role in shaping market sentiment.


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