News 

Scholarship founded in honor of N.J. West Point cadet killed in crash

“To contribute to the scholarship fund, checks can be sent to the West Orange Scholarship Fund; c/o Jim Quinn; 23 Witte Place; West Orange, NJ 07052 and made payable to West Orange Scholarship Fund with CJ Morgan listed in the memo field” writes Olivia Rizzo for nj.com. A new scholarship fund has been created in honor of Christopher Morgan, the West Point cadet from West Orange who was killed in a crash earlier this year.The West Orange Education Foundation received a $25,000 grant to fund the scholarship. Source: nj.com

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Crypto Markets News 

Poloniex Pledges to Reimburse Flash Crash Losses, Victims Displeased

“With a very minimal link with the traditional financial world, crypto margin trading doesn’t offer that level of security” writes Craig Adeyanju for cointelegraph.com. A case of socialized loss in margin trading is rather nonexistent in the traditional financial industry.In margin trading of traditional assets, the brokerage firm is the lender as opposed to retail investors in the crypto space.The exchange has also started removing CLAMS, along with three other tokens — BitAsset (BTS), Factom (FCT) and MaidSafeCoin (MAID) — from margin trading.This was the case at the margin trading…

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Markets News Stocks 

One market expert says flashing recession signals mean 3 years of negative returns for stocks — but he has a strategy that could still make investors a killing

“Below is the cumulative market excess return for the average of the past seven yield curve inversions since 1960” writes Christopher Competiello for businessinsider.com. “Three years before a yield curve inversion, value does very poorly.Then, after the yield curve inversion, on average, value does well,” he said.Below he’s mapped out the cumulative average return of the value factor after the last seven yield curve inversions. Source: businessinsider.com

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News 

Three children remain in serious condition after crash involving police cruiser, church bus in East Cleveland

“EAST CLEVELAND, Ohio — Three children remain in serious condition and an East Cleveland police officer was treated for his injuries after a Thursday crash involving a police cruiser and church bus” writes Cleveland Com for cleveland.com. Officials have not identified the East Cleveland police officer hurt in the crash.Authorities initially said four children had been hurt in the crash, before clarifying Friday that three children had been hurt.A 67-year-old man driving the church bus and a 20-year-old passenger were also hurt in the crash, and were treated at local…

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Markets News Stocks 

A ‘tug-of-war’ is pulling the stock market in 2 distinct directions — and how investors combat it will determine whether they survive the next meltdown

“While global stocks have gained 11% this year, $46 billion has been pulled from equity funds, according to Bank of America Merrill Lynch” writes Akin Oyedele for businessinsider.com. This risk helps explain why some investors have stood on the sidelines of this rally, and even pulled money from equity funds.According to Alain Bokobza — Societe Generale’s head of global asset allocation and equity strategy — investors must posture for the ongoing “tug-of-war” between the bullish and bearish forces pulling on the stock market.Several investors have kept their enthusiasm tempered even…

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News 

Ethiopian Airlines says crash victim DNA tests will take up to 6 months

“ADDIS ABABA (Reuters) – Ethiopian Airlines said on Saturday that DNA testing of the remains of the 157 passengers on board flight 302 may take up to six months as it offered bereaved families charred earth from the plane crash site to bury” writes Midwest Communications Inc for 95kqds.com. The return of remains – most of which are charred and fragmented – would take up to six months, the papers said, but in the meantime earth from the crash site would be given.Flight data has already indicated some similarities with…

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Airlines with buyers’ remorse may use Boeing 737 MAX ban to revise orders

“Among other Asian airlines, financially troubled Malaysia Airlines said on Friday that its order for 25 737 MAX jets was under review” writes Midwest Communications Inc for 95kqds.com. Countries and airlines around the world banned the 737 MAX this week after a deadly Ethiopian Airlines plane crash killed all 157 people on board.Among airlines that may regret ordering too many 737 MAX, Sobie cited Vietnam’s VietJet Aviation JSC, which he said had based a decision to expand from an all-Airbus A320 fleet by adding 200 737 MAX jets on a…

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News 

Boeing Black Box Review Begins in France, Aviation World Waits

“Regulators have grounded the 737 MAX around the world, and the U.S. planemaker has halted deliveries of the several thousand planes on order for a model intended to be the future industry workhorse” writes Min Read for reuters.com. U.S. bank Citi said it expected the grounding to eat into the profits of Southwest Airlines, which operates the world’s biggest 737 MAX fleet, leaving the carrier facing a plane shortage and likely passenger compensation costs.Parallels between the twin disasters have frightened travelers worldwide and wiped billions of dollars off Boeing stock.PARIS/ADDIS…

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Investigators begin black box analysis

“Air crash investigators have begun analysing the black box data recorder from Ethiopian Airlines flight 302, amid reports that the plane wreckage suggested similarities with a previous disaster involving the Boeing 737 Max jet” writes Gwyn Topham for theguardian.com. Boeing has reiterated its “full confidence” in the safety of the plane, although its engineers are making changes to the software in question in the Lion Air crash.Ethiopian Airlines said its pilots had been trained on procedures to deal with the 737 Max’s anti-stall system, which was the subject of an…

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French investigators set to examine black box data from Ethiopia crash

“The flight data and cockpit voice recorders were handed over to France’s Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA) on Thursday” writes Midwest Communications Inc for 95kqds.com. The U.S. Federal Aviation Administration grounded all Boeing MAX jets in service because of similarities between the two crashes.Experts will be looking for any links between Sunday’s Ethiopian Airlines crash and the October crash of a 737 Max operated by Lion Air in Indonesia that killed 189 people. Source: 95kqds.com

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