Titan Submersible Implosion Was Caused By 'Inadequate Design,' Deaths Were Preventable, Final Investigation Finds
The implosion of the Titan submersible was “preventable” and caused by the owner’s failure to follow established protocols for engineering, safety, testing, and maintenance, a final report on the incident released on Tuesday by the United States Coast Guard has found. The June 18, 2023 implosion of the Titan—a tourist submersible that brought viewers to the wreck of the Titanic in the North Atlantic Ocean for the hefty price tag of up to $250,000—led to the instantaneous loss of five lives, including that of Oceangate’s CEO, Stockton Rush. The report accused the company of harboring a “toxic work place environment,” citing the firings of some staff members and the threat of firings against others to dissuade employees from “expressing safety concerns.” The company also engaged in intimidation tactics to “evade regulatory scrutiny,” according to the report. Read more: The Titan Sub and the Dangers of Unregulated Deep-Sea Tourism The USCG criticized OceanGate’s use of the Titan despite numerous incidents that compromised the “integrity of the hull,” which already had flawed design issues in terms of thickness, winding, and curing standards. It noted that the carbon fiber used to make the submersible is strong, but it is not reliable under pressure. The company’s failure to investigate mishaps in the Titan during dives before the June 2023 incident led to the submersible’s tragic implosion, which generated international interest. This is a developing story. More details to follow.Dollar Slips on Dovish Bessent Comments
The dollar index (DXY00 ) fell by -0.28% on Monday. The dollar settled lower on Monday, consolidating below last Friday’s 2-week high. Comments from US Treasury Secretary Bessent weighed on the dollar Monday when he said the Fed traditionally doesn’t raise interest rates in response to a supply shock, suggesting...

Amazon rigged billions in ad pricing, lawsuit from states and US watchdog alleges
Nat-Gas Prices Climb on Sweltering US Heat
October Nymex natural gas (NGV26 ) on Monday closed up +0.047 (+1.63%). Nat-gas prices settled higher on Monday as forecasts for triple-digit temperatures over the coming week in the US will boost nat-gas demand from electricity providers to power increased air-conditioning use. According to NatGasWeather.com, near-record high temperatures are expected...
House Intelligence Committee warns of 'Black Swan' AI risks
Bipartisan lawmakers cautioned that existing safeguards may not be enough to keep up with AI's advances.
Trump Account holders may receive $250 Dell grant starting Monday, Dell Foundation says
Eligible children with Trump Accounts will start receiving the $250 Dell gift this week, according to the Dell Foundation.