Thirteen are missing after boat capsizes off the Louisiana coast

Thirteen are missing after boat capsizes off the Louisiana coast
Brief Updates


Thirteen are missing after boat capsizes off the Louisiana coast

A Coast Guard Station Grand Isle boat crew head towards a capsized commercial lift boat searching for people in the water 8 miles south of Grand Isle, La., on Tuesday.
Image Source: Getty Images

A 129-foot lift vessel capsized off the coast of Louisiana early this morning, officials said, sending 19 passengers overboard. The U.S. Coast Guard received an emergency beacon notification at 4:30 a.m. and were able to bring six people to safety. The search remains, however, for the 13 other passengers.

According to a meteorologist, a wake low moved through that area, meaning the crew encountered winds of speeds between 70 and 80 miles per hour. This system spun out of a thunderstorm that had pushed through the southernmost part of the state. 

So far an ocean sentry plane, four private vessels, Coast Guard ships, and a helicopter have been deployed in the search for the missing 13 passengers. What else should you know about this?

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Your morning market update

Dow Jones futures tilted higher Wednesday morning, while S&P 500 futures and Nasdaq futures rose slightly, after Tuesday’s generally positive session for the stock market rally.

JPMorgan Chase and Goldman Sachs reported better-than-expected earnings early Wednesday, with Wells Fargo also on tap.

Cryptocurrency exchange Coindesk is set to debut with Bitcoin continuing to hit fresh highs overnight. Meanwhile, Coinbase is going public via a direct listing as opposed to a traditional initial public offering. It’s the first cryptocurrency exchange to go public.

What else should you know for today?

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Egypt seizes Ever Given cargo ship, demands $1 billion in damages for canal blockage

An RV at a National Park.
Image Source: Can I Retire Yet?

The famed Ever Given cargo ship is stuck in the Suez Canal again, but it’s not what you think. 

Though the Ever Given cargo ship was finally freed from the Suez Canal recently, the ship is officially grounded again thanks to Egyptian authorities. Egypt officials have seized the cargo ship and are demanding a whopping $1 billion before they will let it leave, due to the amount of money it took to free the ship after it ran aground last month and blocked the canal entirely. Until the money is paid, the ship will remain anchored with the crew on board. 

While the crew is still on the ship and under strict orders not to leave, Egyptian authorities stress that they are in no danger and are not being held imprisoned. The owner of the Ever Given is trying to get insurance to cover the bill, while it has been rumored that companies with containers on the ship may also have to pay up in order to access their cargo and help free the ship again. 

How did Egyptian authorities come up with the whopping $1 billion price tag for damages and does it look like the money will be paid out anytime soon?

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Child development experts say family engagement benefits not only your kids but parents, teachers, and other family members as well.

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This is how to meet unique lifestyle needs with mindful spending

What is mindful spending?
Image Source: Satisfied Spending

You might be thinking, what do I need mindful spending for when I already have a budget? 

“When you practice mindful spending, you nurture your unique lifestyle—not control it,” says one writer for Satisfied Spending.

It’s a different way to “budget” that creates less friction between what you need and what you want. If you ever feel guilty or stressed about spending money, then mindful spending could be right for you.

That’s not to say you need to completely replace all your hard budgeting work—this is just one more tool to add to your financial toolbox. Here’s everything you need to know to decide.

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Stay Informed, 


Rex Jackson

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Rex Jackson
Writer & Editor of Brief Updates