Charleston County approves new design for Main Road Segment A
The Main Road Segment A project includes a multi-use path over the Stono River and plans to widen the existing Limehouse Bridge to accommodate four 11-foot travel lanes and the up to 10-foot-wide multi-use path.
Initially, the Main Road Segment A project had a standalone bridge in its plans. That piece was removed as the South Carolina Department of Transportation said officials could not maintain it.
When finished, the path will be nearly three miles long and tie into existing paths on Bees Ferry Road, the Glenn McConnell Parkway, and the West Ashley Greenway.
'This multi-use path embodies the core mission of this project—creating safer, more accessible connections for everyone who travels this corridor,' said County Councilmember Joe Boykin. 'I'm grateful to everyone who worked tirelessly to ensure this important accessibility feature remained a priority, and I look forward to seeing this long-awaited vision become a reality.'
The county council approved the estimated cost of the multi-use pathway, which is $10 million, within the project's funding total of $445 million.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
14 minutes ago
- CNBC
Best Stocks: This industrial 'Dividend King' on our list is in the process of a big breakout
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — You've heard of "Dividend Aristocrats," the small group of publicly traded companies in the S & P 500 that have raised their dividend for 25 consecutive years. There are only 69 of these in the index right now. What you may not have heard about are the "Dividend Kings." These are stocks that have raised their dividend for over 50 consecutive years. This is extremely rarified air. There are just 55 Dividend Kings, and most of them are Midwestern industrial companies. Today we're going to shine the spotlight on one of them. Sean, take it away… Best Stock Spotlight: Illinois Tool Works, Inc. (ITW) On the list since: 8/13/2025 Sean — We've been spending a lot of time discussing AI, semiconductors and other growth-oriented stocks since those have been leading the market lately. However, there is some rotation going on underneath the surface. Over the past month, value and shareholder yield have been the best performing factors: Illinois Tool Works was recently added to the list, and the chart looks promising: This is very clearly a value stock. ITW is an industrial that makes engineered components, equipment and consumables used in everyday products and industrial applications. Its businesses span automotive parts, packaging, food equipment, welding and construction. ITW's recent positive performance is partially due to better-than-expected earnings reported in July. ITW beat on the top and bottom lines, operating margin improved 10bps year-over-year to 26.3%. The company also spent $375 million of its $449 million in free cash flow on share repurchases. More importantly, management raised its full-year earnings outlook and maintained its revenue guidance. The stock trades at a 23x trailing PE, cheaper than its industry average and in line with the company's 10 year historical median PE. ITW expects 3% year-over-year revenue growth next quarter and 2.5% year over year EPS growth. ITW stands out as a high-quality value play in a market quietly shifting out of growth names thus far in August. With diversified end markets, margin expansion, strong free cash flow deployment and raised guidance, the company is delivering at a reasonable valuation versus history and peers, which will bode well if we get a short term swing out of growth and momentum. Risk management Josh — It's not perfect, but ITW is in the process of breaking out of what's known as a symmetrical triangle. This could also be interpreted as an ascending triangle, depending on how liberal the trader wants to be with the highs in the chart. And ascending triangles are bullish. Think about the psychology among the buyers and sellers of the stock. As the price drops, the buyers are coming in at higher and higher lows to snap up more shares. Eventually, the price hits a decision point as we're seeing in ITW now. Does it break higher or lower? We're about to find out which way it's going to break, but the higher lows we've been seeing to form the lower trendline of the ascending triangle are favoring the longs. Too early to tell, but I like it. In either case, you're on the verge of a moving average crossover with the 50-day breaking above the 200-day this week. Purists will want to await a "true" breakout above $280 before taking this trade. More aggressive traders might want to anticipate and buy the golden cross. In either case, should ITW be able to clear the overhead resistance dating back to last fall, the stock should work. The $240 level served as support all summer long. I like that for a stop loss. Remember - traders rarely stick around long enough to collect the yields of the Aristocrats and Kings, so you may want to think about this one as more of a long-term dividend holding too. DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC" TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
Yahoo
16 minutes ago
- Yahoo
Jim Cramer Says 'You Don't Want to Touch' Bitmine Immersion
Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is one of the stocks Jim Cramer talked about. Noting that the stock is up, a caller asked if it is a buy, and Cramer replied: 'Oh, Bitmine, okay, my colleague David Faber did a very long piece about what's the real value of this thing in terms of the amount of shares outstanding. And all I can tell you is you don't want to touch it.' A man in black suit holding a tablet looks at stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels Bitmine Immersion Technologies, Inc. (NYSE:BMNR) operates as a blockchain company focused on Bitcoin mining through self-mining and hosting services. The company also sells mining equipment and provides data center solutions with power, cooling, connectivity, security, and infrastructure management software. In the episode aired on July 31, when a caller inquired about the stock, Cramer responded: 'Alright, listen to me, sunshine, we don't play that game. If you want to own that kind of stuff, just go buy some Bitcoin. Go, buy some Ethereum. I own them both. They're fine.' While we acknowledge the potential of BMNR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Miami Herald
an hour ago
- Miami Herald
FatPipe (FATN) Adds 174 New Customers, Reinforcing Growth Trajectory
New customer additions key driver of 16.2% product revenue growth in Q1 FY26 SALT LAKE CITY, UTAH / ACCESS Newswire / August 21, 2025 / FatPipe, Inc. (NASDAQ:FATN) ("FatPipe" or the "Company"), a pioneer in enterprise-class, application-aware, secure Software-Defined Wide Area Network ("SD-WAN") solutions that provide the highest levels of reliability, security, and optimization for Wide Area Networks (WANs), today announced the addition of 174 new customers in the first quarter of fiscal year 2026. This surge in adoption contributed to a 16.2% year-over-year increase in product revenue compared to the same quarter of the prior fiscal year. "The addition of 174 new customers in Q1 highlights the accelerating demand for FatPipe's software-defined networking solutions," said Dr. Ragula Bhaskar, CEO of FatPipe. "Customer growth is the foundation of our subscription-based model, and this momentum gives us confidence in our ability to drive sustainable, recurring revenue growth as we continue expanding in key markets globally." FatPipe's momentum builds on its differentiated platform, which integrates Software-Defined Wide Area Networking (SD-WAN), Secure Access Service Edge (SASE), Cybersecurity, and Network Monitoring Services (NMS) into a unified solution. With patented multi-path routing, sub-second failover, single-stack security, and deep observability, FatPipe empowers enterprises to simplify network management, secure distributed operations, and ensure business continuity. The company continues to serve a diverse base of more than 2,700 customers across sectors including government, healthcare, financial services, education, and retail, with growing international expansion in Southeast Asia and Mexico. About FatPipe, Inc. FatPipe pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for hardware and software or cooperation from ISPs and allows companies and service providers to control multi-link network traffic. FatPipe currently has 12 U.S. patents related to multipath, software-defined networking. FatPipe products are sold by 200+ resellers worldwide. For more information, visit Follow us on X @FatPipe_Inc. Forward-Looking Statements Certain statements contained in this press release, including statements relating to the Company's expectations regarding the completion, timing and size of its proposed public offering and listing may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, risks and uncertainties associated with the consummation of the offering and other risks described in FatPipe's registration statement on Form S-1, as it may be amended from time to time. Except as required by law, FatPipe expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences. Company Contact Info Vikrant RagulaDirector of Investor Relations801-683-5656 x Investor Contact Dave Gentry, CEORedChip Companies, (733-2447) FATN@ SOURCE: FatPipe Networks
