U.S. markets closed

  • S&P 500

    4,109.31
    +58.48 (+1.44%)
     

  • Dow 30

    33,274.15
    +415.12 (+1.26%)
     

  • Nasdaq

    12,221.91
    +208.43 (+1.74%)
     

  • Russell 2000

    1,802.48
    +34.10 (+1.93%)
     

  • Crude Oil

    75.70
    +1.33 (+1.79%)
     

  • Gold

    1,969.80
    -10.50 (-0.53%)
     

  • Silver

    24.24
    +0.25 (+1.03%)
     

  • EUR/USD

    1.0847
    -0.0062 (-0.56%)
     

  • 10-Yr Bond

    3.4940
    -0.0570 (-1.61%)
     

  • GBP/USD

    1.2332
    -0.0058 (-0.47%)
     

  • USD/JPY

    132.7970
    +0.1080 (+0.08%)
     

  • Bitcoin USD

    28,462.31
    -99.10 (-0.35%)
     

  • CMC Crypto 200

    621.79
    +7.58 (+1.23%)
     

  • FTSE 100

    7,631.74
    +11.31 (+0.15%)
     

  • Nikkei 225

    28,041.48
    +258.55 (+0.93%)
     

Retirement Home Evacuated as Intense Floods Hit Central Mississippi

Storyful

More than 40 residents of a retirement home in Brandon, Mississippi, were evacuated on Wednesday, August 24, as flash flooding surrounded the building and left vehicles parked outside partially submerged, according to local media citing officials.

This footage from Jamie Grissom shows the conditions on Wednesday at the Peach Tree Village Retirement Community.

WLBT reported that 42 residents were transferred to the Rankin County Safe Room, a shelter usually used during tornadoes and hurricanes.

City officials said multiple roads in the city were impassable and that authorities were assisting drivers stranded in the floodwaters. Credit: Jamie Grissom via Storyful

Video Transcript

[NO SPEECH]

Recommended Stories

  • How much you need to earn to afford a $500,000 home

    The average U.S. home sales price hit $535,800 in 2022. We asked experts how much you need to earn to afford a home around that price point.

  • Seeking at Least 8% Dividend Yield? Goldman Sachs Suggests 2 Dividend Stocks to Buy

    One thing is certain in the stock markets lately: their inherent uncertainty is taking charge, and high volatility is here to stay. For months, investors and economists have worried about the recessionary effects of the Federal Reserve’s anti-inflationary interest rate hikes – but the recent bank crisis has added another layer of concern to an already tumultuous situation. Now, we’re dealing with the fallout from that crisis, and inflation and interest rates both remain high. It’s a textbook cas

  • Schwab Hit by Worst Month Since 1987 Amid Cash Sorting Woes

    (Bloomberg) -- Charles Schwab Corp.’s worst month in more than 35 years has sparked a debate among analysts as to whether the brokerage giant has been unfairly punished by investors amid growing fears about the US banking sector.Most Read from BloombergTrump Weighs Bid to Shift NY Criminal Case to Staten IslandVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsGlobal Food Supply Risks Rise as Key Traders Leav

  • JPMorgan's Bob Michele Issues Dire Warning On Rally Of Risk Assets, Says Recession Is Inevitable

    Bob Michele, the chief investment officer of JPMorgan Asset Management, has warned of an economic downturn, saying that markets are headed for a rally before an inevitable slowdown. In an interview with Bloomberg on Friday, Michele says risk assets will rise in the next quarter as they did during the Great Recession. "In the next quarter, we could see risk assets rally. You could have a feel-good period, and then the reality catches up," Michele said. "If we've been taught anything this month, y

  • US Power Plant Firm Goes Bankrupt After Winter Storm Penalties

    (Bloomberg) -- Lincoln Power LLC, the owner of two Illinois power plants, filed for bankruptcy after its financial strain was exacerbated by nearly $39 million in penalties levied by the biggest US electric-grid operator. Most Read from BloombergTrump Weighs Bid to Shift NY Criminal Case to Staten IslandVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsGlobal Food Supply Risks Rise as Key Traders Leave Russi

  • The next market trend could be 'bigger' than SVB, expert says

    Even though the Federal Reserve might have started bending the inflation curve, Mick Mulvaney and Anton Schutz warn the central bank is ignoring "the real problem out there."

  • A $200,000 Annuity Will Pay Out This Much a Month

    An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.

  • 7 Dividend Stocks for Uncertain Economic Times

    Treasuries aren't the only refuge in a slowdown. Dividend names also "can provide a margin of safety," says UBS.

  • The 10 best 1-year CD rates for April 2023

    Check out the CDs that made our top 10 list based on their APY, minimum opening deposit, compounding frequency, and customer service.

  • Biden Administration to Move Forward With Changes to Medicare Payments

    The Biden administration will move ahead with changes that could reduce federal payments to many private Medicare plans, but will phase them in more slowly than it had planned under an earlier proposal that drew huge pushback from the industry. The final payment policy for the private Medicare plans, known as Medicare Advantage, was released Friday and will take effect next year. Medicare officials said the changes are aimed at making sure payments are accurate, and that they chose to phase them in more gradually after getting feedback from the industry and others.

  • The Newest ‘Bubble’ Is in Money-Market Funds

    People are rushing into money-market funds. Total assets held in money-market funds, which are investment vehicles that buy cash-like securities such as short-term Treasury bills, recently reached close to $5.5 trillion, according to RBC. Earlier this year, money-market fund assets stood at roughly $4.5 trillion, a level at which people stopped pouring more money into those funds a few times in the past few years, opting instead to buy other assets like stocks.

  • How to make $100,000 or more and pay no income taxes

    Here’s how to earn a six-figure income and pay no income taxes on it – totally legally.

  • Procrastinators, Rejoice: The 6.89% I bonds Will Beat the Old 9.62% Bonds in Just 4 Years

    With a yield of 9.62%, the recently expired Series I bond was understandably popular. With interest rates rising, bond funds are down this year and banks continue to offer miserly rates on deposit accounts. So it's no wonder that a … Continue reading → The post It Pays to Procrastinate: The New 6.89% I bonds Will Beat the Old 9.62% Bonds in Just 4 Years appeared first on SmartAsset Blog.

  • NIO, Li Auto, XPeng March Deliveries Gave Investors What They Want.

    March deliveries from the three Chinese EV makers fell within the companies' guided ranges. Combined deliveries were up month over month and year over year.

  • Republic First Is ‘NOT’ First Republic, But Try Telling Traders That

    (Bloomberg) -- A case of mistaken identity is sparking a selloff in Republic First Bancorp Inc., which had fallen by more than 40% this month because investors have it confused with embattled First Republic Bank.Most Read from BloombergTrump Weighs Bid to Shift NY Criminal Case to Staten IslandVeteran Money Managers Bail on Stock Rally With Fed Hawks FlyingParents Are Paying Consultants $750,000 to Get Kids Into Ivy League SchoolsGlobal Food Supply Risks Rise as Key Traders Leave RussiaPutin Sig

  • Elon Musk seeks to end $258 billion Dogecoin lawsuit

    Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by Dogecoin investors a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about Dogecoin. The lawyers said the investors never explained how Musk intended to defraud anyone or what risks he concealed, and that his statements such as "Dogecoin Rulz" and "no highs, no lows, only Doge" were too vague to support a fraud claim.

  • Baby Boomers, You Need This Much Money to Retire Comfortably

    The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average … Continue reading → The post Average Retirement Savings for Baby Boomers appeared first on SmartAsset Blog.

  • Dow Jones Rises 150 Points After Cool Inflation Data; 6 Stocks To Buy And Watch

    The Dow Jones rose Friday after key inflation data, with the release of the PCE price index, the Fed's preferred measure of inflation.

  • Can I Retire Off The Interest I Made Investing $2 Million?

    For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.

  • These Five IBD 50 Chip Stocks Hold Surprisingly Low P/E Ratios; All Are Setting Up Buy Points

    These five semiconductor growth stocks have low P/E ratios and sound fundamentals and have gained between 19% and 50% this year so far.