logo
4 family members celebrating a birthday are among the 8 dead from a boat capsize on Lake Tahoe

4 family members celebrating a birthday are among the 8 dead from a boat capsize on Lake Tahoe

CNN24-06-2025
Four members of a family from Northern California who were celebrating a birthday were among eight people killed when a boat capsized on Lake Tahoe in California over the weekend during a sudden and fierce thunderstorm.
Josh Pickles, 37, of San Francisco, his parents, 73-year-old Terry Pickles and 71-year-old Paula Bozinovich of Redwood City, and his uncle, 72-year-old Peter Bayes, of Lincoln, died Saturday, according to a family statement.
'No words can express the pain and anguish we feel knowing their lives were lost during what was meant to be a joyful time on the lake,' Josh Pickles' wife, Jordan Sugar-Carlsgaard, said in the statement Tuesday. 'Our hearts go out to those who tragically lost their lives and the two survivors of this unexpected and deadly storm on Lake Tahoe.'
Two people were rescued immediately after the boat flipped over. Their identities and conditions were not known Tuesday.
The group was celebrating Paula Bozinovich's birthday on her son's boat, which he bought about a year ago, said Sam Singer, a family spokesperson.
Josh Pickles' wife had stayed at home taking care of their 7-month-old daughter, Singer said.
The couple, who married in 2023, both worked at tech companies in San Francisco. Josh worked at DoorDash and Jordan at AirBNB, Singer said.
They split their time between homes in the Bay Area and Lake Tahoe, where they had used their boat only twice before.
Ravi Inukonda, Chief Financial Officer at DoorDash, said the death of Josh, who had worked at the company for nearly seven years, left them heartbroken.
'Josh loved his team and was an inspiration to everyone who had the privilege of knowing him,' Inukonda said in a statement. 'Our thoughts and love are with his wife, his daughter, his family, and all who were close to him.'
Ten people were on board the 27-foot (8-meter) gold Chris-Craft vessel when it capsized Saturday afternoon near D.L. Bliss State Park on the lake's southwest edge as the storm whipped up high waves, U.S. Coast Guard officials said.
'The waves were so big that the water came onboard and started to fill the boat up and stalled the engine,' Singer said.
Also killed were Timothy O'Leary, 71, of Auburn, California; Theresa Giullari, 66, and James Guck, 69, of Honeyoye, New York; and Stephen Lindsay, 63, of Springwater, New York, the coroner's office said Tuesday.
The intensity of the thunderstorm surprised even forecasters, who had predicted rain but nothing like the squall that lashed the southern part of the lake around 3 p.m., said meteorologist Matthew Chyba with the National Weather Service office in Reno, Nevada. Winds topped 35 mph (56 kph) and waves swelled up more than 8 feet (2.5 meters).
'We weren't expecting it to be so strong,' Chyba said Monday. He said temperatures in the area were far below normal for this time of year, which could have contributed to the unstable air mass.
Drowning and other accidental deaths occur each year on the lake but boating accidents with numerous fatalities are rare, said South Lake Tahoe Police Lt. Scott Crivelli.
There are an average of six deaths on the lake each summer, though there were a record 15 fatalities in 2021, he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Wall St futures subdued ahead of retail earnings, Fed commentary
Wall St futures subdued ahead of retail earnings, Fed commentary

Yahoo

time22 minutes ago

  • Yahoo

Wall St futures subdued ahead of retail earnings, Fed commentary

(Reuters) -U.S. stock index futures were muted on Tuesday as investors awaited earnings reports from major retailers for insights on the health of the American consumer, and a key Federal Reserve conference scheduled later in the week. Consumer spending accounts for around 70% of the total U.S. economy and traders are keen to know the impact U.S. tariffs have had on corporate forecasts and individual expenditure. Data last week showed the levies had dented consumer confidence in July. Home improvement retailer Home Depot inched up in premarket trading ahead of its quarterly results that could also offer clues on the condition of the housing market. Reports from rival Lowe's as well as big-box retailers Walmart and Target are due later this week. Intel jumped 6.3% after the chipmaker got a $2 billion capital injection from Japan's SoftBank Group. Investors are also waiting for remarks from Fed Vice Chair for Supervision Michelle Bowman later in the day. Bowman, who is under consideration for the central bank's top job when Chair Jerome Powell's term ends next year, has voiced support for at least three interest rate cuts this year to support the labor market, in line with U.S. President Donald Trump's calls for lower borrowing costs. Interest rate futures point to a total of two rate cuts this year worth 25 basis points each, with the first expected in September, according to data compiled by LSEG. "It is perfectly possible to make a case for immediate U.S. rate cuts given the economic damage of trade taxes and policy uncertainty," said Paul Donovan, chief economist at UBS Global Wealth Management. At 05:30 a.m. ET, Dow E-minis were up 20 points, or 0.04%, S&P 500 E-minis were down 0.75 points, or 0.01%, and Nasdaq 100 E-minis were up 4.25 points, or 0.02%. Wall Street's main indexes have recovered since their April lows, when trade uncertainty stuck global markets, and have picked up steam following a better-than-expected earnings season and on the rate-cut expectations. The key event this week is the Fed's annual symposium at Jackson Hole, Wyoming, from Aug. 21-23, where Powell's comments will be scrutinized for any clues on the central bank's outlook on the economy and monetary policy. Offering a spot of relief, ratings agency S&P Global affirmed its 'AA+' credit rating on the U.S., saying the revenue from President Trump's tariffs will offset the fiscal hit from his recent tax-cut and spending bill. On the data front, a report later in the day is expected to show single-family homebuilding in July was lower than the month before, when it dropped to an 11-month low. Palo Alto Networks surged 5.6% after the cybersecurity company forecast fiscal 2026 revenue and profit above estimates, betting on growing demand for its artificial intelligence-powered solutions. Crude prices dropped 1% as traders weighed the possibility that talks between Russia, Ukraine and the U.S. to end the war in Ukraine could lead to the lifting of sanctions on Russian crude, raising supply. Effettua l'accesso per consultare il tuo portafoglio

US stock futures flat ahead of big box retailer results
US stock futures flat ahead of big box retailer results

Yahoo

time22 minutes ago

  • Yahoo

US stock futures flat ahead of big box retailer results

U.S. stock futures are flat after a listless start to the week as investors stayed sidelined ahead of quarterly results from big box retailers and a conference of global financial leaders later this week. Discount giants Walmart and Target and home improvement company Lowe's are slated to report around midweek. Home Depot is due before the market opens. These earnings can provide a window into how tariffs are affecting companies and consumer spending. Federal Reserve Chair Jerome Powell is set to give a speech at the end of the week at the annual Jackson Hole Economic Symposium of global central bankers and finance chiefs. Investors will be looking for hints Powell may be done waiting to see tariff effects before cutting rates again. The CME FedWatch tool that shows the likelihood that the Fed will change rates at each policy meeting based on market trading suggests a nearly 84% chance of the Fed easing rates in September. Before Powell's speech, investors will get a glimpse midweek of the dissents at the last Fed meeting. Fed governors Christopher Waller and Michelle Bowman voted against the central bank's decision to keep rates unchanged between 4.25%-4.50% last month. It was the first time since 1993 that two governors dissented. At 6:10 a.m. ET, futures linked to the blue-chip Dow added 0.03%, while broad S&P 500 futures slipped -0.06% and tech-laden Nasdaq futures fell -0.05%. Corporate news Palo Alto Networks topped estimates in the last three months of its fiscal year. Its guidance for the first three months of its fiscal year and for the full year also topped expectations. Founder Nir Zuk also is retiring as chief technology officer. Intel is getting a $2 billion investment from Softbank. The Japanese investment firm is buying around 87 million shares, or roughly 2% of Intel's outstanding shares, at $23 apiece. Tegna is in the middle of a bidding war after Sinclair offered to merge its broadcast TV business in a deal that would value Tegna shares at around $25 to $30 apiece, the Wall Street Journal said, citing sources. Tegna is already in advanced talks to sell itself to Nexstar Media Group. Medora Lee is a money, markets and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning. This article originally appeared on USA TODAY: US stock futures flat ahead of big box retailer results Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Social Security's Future: 5 Backup Income Sources Every Retiree Should Consider
Social Security's Future: 5 Backup Income Sources Every Retiree Should Consider

Yahoo

time22 minutes ago

  • Yahoo

Social Security's Future: 5 Backup Income Sources Every Retiree Should Consider

Potential cuts to Social Security benefits understandably concerns many retirees. Social Security often comprises a significant portion of income for its near 58 million recipients, according to the Social Security Administration (SSA). A reported insolvency in seven years may create growing unease for those depending on monthly benefits. Be Aware: Check Out: Dual-earning couples may see an $18,100 annual reduction in benefits, according to the Committee for a Responsible Federal Budget (CRFB). Amounts can vary depending on specific circumstances. Taking prudent action now can help provide income to offset any loss in benefits. Before considering any backup income source, retirees should consult with a trusted financial advisor to create a plan. Retirement Accounts IRAs and 401(k) accounts are popular retirement planning tools for many Americans. Roughly 54% of Americans had such accounts in 2022, according to Wisely tapping these accounts can be a good way to complement a reduction in benefits. 'If you have 401(k)s, IRAs or other retirement accounts, it is time to make a plan to access them if your Social Security benefits get squeezed. The challenge is to set up a withdrawal and tax plan that maximizes the income you can get from your retirement accounts across the rest of your life,' said Jay Zigmont, PhD, certified financial planner (CFP) and founder at Childfree Trust. Speaking with an advisor can help seniors create a withdrawal plan. Consider This: An Annuity Annuities often get a bad rap, thanks to fees and other potential charges. While not for everyone, an annuity can be a good fit for some retirees. Fixed annuities commonly have reduced points of entry, making them easier for seniors to purchase. 'One of the most reliable ways to create backup income in retirement is through fixed indexed annuities with guaranteed income riders,' noted Matt Eilers, CEO and Founder of Medalist Wealth Management. 'These income sources grow based on the performance of a stock index, like the S&P 500, but the principal is protected against market volatility, and the income riders guarantee a predictable income payment through retirement.' A Part-Time Job Having a part-time job in retirement may not be desirable, but it can be a good way to supplement Social Security payments. Retirees can earn up to $62,160, as of 2025, before benefits are reduced, according to the SSA. Working a side gig may be attractive, but Zigmont advises seniors to look elsewhere for work. 'While gig work, like driving for Uber, may be popular, it is unpredictable and comes with other costs. Part-time jobs are probably the best bet, as you don't need the benefits,' said Zigmont. Dividend-Paying Stocks Investing in dividend-paying stocks has long been a way for retirees to earn income. Americans can house such investments in both retirement and non-retirement accounts. Holding them in the latter can provide cash flow, and lower-income retirees may face 0% federal tax on them, if they're classified as qualified dividends, according to Fidelity. This strategy poses some risk of placing you in a higher tax bracket and potentially losing the tax deferral benefits found in retirement accounts. Speak with an advisor to identify if this is an option for you. Use Your Home For many Americans, their home is their most valuable asset. If you can downsize, it can free up cash. For example, if your current home is paid off and worth $350,000, and you move to a $200,000 home, that's $150,000 in cash you can claim, before fees tied to selling the house. Such an amount could offset a reduction in benefits. A reverse mortgage is another possibility, but it may not be worth the risks and fees associated with such an action. A reduction in Social Security benefits can cause grave concern for many seniors. Pairing the right backup income source with reduced spending can help mitigate the financial impact. More From GOBankingRates 5 Ways Trump Signing the GENIUS Act Could Impact Retirees7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on Social Security's Future: 5 Backup Income Sources Every Retiree Should Consider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store