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New York Post
5 days ago
- General
- New York Post
US Coast Guard's Fleet Week demonstration in NYC nixed due to real offshore search mission on Memorial Day
This was not a drill. Members of US Coast Guard Air Station Atlantic City nixed a Fleet Week search and rescue demonstration in Manhattan on Memorial Day for the real thing — more than 100 miles away. The Atlantic City unit, known as the 'Blackjacks,' were diverted to a distress call 20 miles off the Jersey shore on Monday after a radio transmission that sounded like 'Help' was transmitted just before noon, a US Coast Guard rep told The Post. Advertisement 6 Members of US Coast Guard Air Station Atlantic City nixed a Fleet Week demonstration of a search and rescue mission for the real thing more than 100 miles away on Memorial Day. Facebook/U.S. Coast Guard Air Station Atlantic City 'Any sign that there could be potential distress, that's enough for us to launch [a search and rescue operation] and go search,' the rep said, adding that no other 'correlating' evidence, such as a missing person or missing boat, were reported. The investigation – which was conducted in the area of Barnegat Light, Atlantic City and Cape May in New Jersey, was called off just after 3 p.m., the rep added. Coast Guard Station Cape May also responded to the search. Advertisement 6 Veterans, active duty members of the armed forces and members of the public at the annual Memorial Day ceremony at the Intrepid Museum on Monday. Michael Nagle The Fleet Week demonstration, slated to start at 2 p.m., was set to involve a dummy doll being rescued in the water by a Coast Guard member dropping in from a helicopter. Some US Coast Guard members at Pier 86 — where the demonstration was planned to take place after the annual Memorial Day commemoration ceremony at the Intrepid Museum — told The Post they were unsurprised the diversion happened due to the popularity of marine-related activities over the holiday weekend. On Memorial Day weekend, there's 'more than a 50% chance that they are going to get diverted,' one Coast Guard member at the Pier 86 event said. Advertisement 'A lot of people's boats have been up [out of the water] for the winter, and now they finally want to get out. Sometimes they don't take enough fuel, or forget to check the electronics: it could be a number of things.' 6 Lindsey Pauley, 4-year-old son Emerson, and Lt. Commander Blake Pauley, of Virginia Beach, at the Memorial Day ceremony. Michael Nagle An example of frequent calls to the Coast Guard during the busy holiday weekend are for disabled vessels – boats which could simply be adrift while passengers onboard are safe. Several people have been pulled from the water across the Mid-Atlantic region this weekend, but there haven't been any reports of missing persons, severe injuries or deaths as a result, according to a Coast Guard rep. Advertisement 6 US Coast Guard Divers hand rubber ducks out to children from a dive tank. Michael Nagle Despite the unexpected absence at the Memorial Day celebration in Manhattan, plenty of other Coast Guard members filled booths outside the Intrepid Museum – including divers based in California and Hawaii. Diver Richard Rudek, 24, told The Post he assists in underwater maintenance operations – such as underwater construction, repairing buoys and other navigational tools – as well as search and recovery operations 'relatively frequently.' Rudek said his team went out to recover the wreckage of a 2024 helicopter crash in Kauai, Hawaii, which 'helped to provide closure to the families.' 6 US Coast Guard Divers play 'tick tack toe' with children at the Pier 86 event. Michael Nagle His favorite part of his job, however, remains underwater navigation projects – where 'you never know what you're going to get into.' 'Sometimes it's zero [visibility], you're in scuba [gear] and holding several thousand pound objects with, basically, balloons. Every job is super different,' he said. The Coast Guard's Atlantic Strike Team — which responds to fires, hurricanes, hazmat incidents and other emergencies from East Palestine's train derailment to the Los Angeles fires to the Baltimore Bridge collapse — was also in attendance at the fleet week event. Advertisement 'Most Coasties join because they want to help,' said Lieutenant Connie Tobler. 6 Visitors inspect antique rifles at a booth during the annual Memorial Day commemoration ceremony. Michael Nagle 'The best part [of the job] is search and rescue,' said Officer Bismarck Miranda, who recalled an operation a decade ago in which he rescued a 4-year-old and their family 50 miles off the shore of Key West. 'Being able to rescue that and see the baby and the family come back to the United States safely — that was probably the best feeling.'
New York Post
5 days ago
- General
- New York Post
New Yorkers pay tribute to troops who made the ultimate sacrifice with Memorial Day festivities
Veterans, active duty members of the armed forces unfurl a giant American flag on the deck of the Intrepid. Michael Nagle Lindsey Pauley, left, Blake Pauley, Lt. Commander, right, and their son Emerson, 4, of Virginia Beach, at the Intrepid. Michael Nagle People play on the beach on Coney Island in Brooklyn. AFP via Getty Images Carlos Varon, of the Patriot Guard Riders of NY, rides through Cypress Hills National Cemetery after a Memorial Day commemoration ceremony. Michael Nagle Don Hellmers, commander of the NY Detachment of the Sons of the American Legion, left, and Peter DeAngelis, fire a salute. Michael Nagle Willie Bennett, vice commander of the Kings County American Legion, left, and Raymond Wrigley, commander of the Kings County American Legion. Michael Nagle Visitors inspect antique rifles at a booth during the annual Memorial Day commemoration ceremony at the Intrepid Museum. Michael Nagle U.S. Coast Guard Divers during the annual Memorial Day commemoration ceremony at the Intrepid. Michael Nagle A giant flag of the United States is carried during the 158th Memorial Day Parade, in the borough of Brooklyn. REUTERS Veteran Sergey Bekker, 54, who served in the 101st Airborne Division, looks at tributes left to killed service members. REUTERS An American Civil War re-enactor uses their phone after the 158th Memorial Day Parade. REUTERS Members of the Junior Reserve Officers' Training Corps. REUTERS A person takes photographs of children stood next to a car with Miss Five Boroughs 2025, Cassie Donegan. REUTERS Spectators watch the 158th Memorial Day Parade, in the borough of Brooklyn. REUTERS People enjoy the beach on Memorial Day at Coney Island Beach. REUTERS A person in a Super Mario costume drives through Times Square on Memorial Day. Michael Nagle Graves of soldiers are seen through an American flag at Cypress HiIls National Cemetery in Brooklyn. Michael Nagle
Business Mayor
22-05-2025
- Business
- Business Mayor
Hinge Health shares climb 17% in NYSE debut
Hinge Health signage outside the New York Stock Exchange (NYSE) during the company's initial public offering (IPO) in New York, US, on Thursday, May 21, 2025. Michael Nagle | Bloomberg | Getty Images Shares of Hinge Health popped in their debut on the New York Stock Exchange on Thursday after the digital physical therapy company raised about $273 million in its IPO. The stock opened at $39.25, rising 23% from its $32 IPO price. It closed up 17% at $37.56 a share, bringing its market capitalization to more than $3 billion. Hinge sold 8.52 million shares in the offering, while the total offering was for 13.7 million shares, with the balance being sold by existing shareholders. Hinge, founded in 2014, uses software to help patients treat acute musculoskeletal injuries, chronic pain and carry out post-surgery rehabilitation from anywhere. The San Francisco-based company filed its initial prospectus in March and updated the document earlier this month with an expected pricing range of $28 to $32. Wall Street and the digital health sector have been watching Hinge's debut closely, as it will shine some light on investors' appetite for new health-tech solutions. The broader tech IPO market has been in an extended drought since late 2021, when soaring inflation and rising interest rates pushed investors out of risky assets. Within digital health, it's been almost completely dormant. Hinge is leading the charge, with virtual chronic care company Omada Health filing to go public earlier this month. 'Health care is tough, absolutely, but we're very different from any of the digital health companies that have come before,' Hinge CEO Daniel Perez told CNBC's 'Money Movers' on Thursday. 'Our technology is actually automating the delivery of care itself, and that's why a lot of investors have been so interested in Hinge Health.' Read More Heatwave: How hot is too hot for the human body? Perez and Hinge's Executive Chairman Gabriel Mecklenburg co-founded the company after experiencing personal struggles with physical rehabilitation. Perez broke an arm and a leg after he was hit by a car, and Mecklenburg tore his anterior cruciate ligament during a judo match. Both men went through about 12 months of physical therapy. At the IPO price, Hinge was worth about $2.6 billion, though that number could be higher on a fully diluted basis. That's down significantly from a private market valuation of $6.2 billion in October 2021, the last time the company raised outside funding. Hinge has raised more than $1 billion from investors including Insight Partners, Tiger Global Management, Coatue Management and Atomico. Ben Blume, a partner at Atomico, said Hinge's ability to scale has 'truly set them apart.' The firm led Hinge's Series A funding round in 2017. 'Hinge Health has grown into a clear category leader, improving the lives of people who are living with chronic pain,' Blume said in a statement to CNBC. 'Their success is a testament to the power of mission-driven innovation.' Hinge is trading on the NYSE under the ticker symbol 'HNGE.' WATCH: IPO market will pause for summer and pickup second half of Q3, says Axios' Dan Primack READ SOURCE
New York Post
21-05-2025
- Entertainment
- New York Post
NYC ready to party for Knicks-vs. Pacers Game 1 — here's where to watch
It's gonna be watch-party city. Knicks Nation will take over the Big Apple Wednesday as the team takes aim at an Eastern Conference title for the first time in 25 years. Bars will be bleeding orange and blue — and putting on full-blown bashes while the team takes its official watch party to Radio City Music Hall, where tickets cost $10 each — just peanuts compared to the nearly $700 minimum price seats inside Madison Square Garden are fetching. 4 Knicks fans will pile into watch parties across the city for Game 1. Michael Nagle Advertisement More than 20 bars across Manhattan, Queens and the Bronx, as well as some in New Jersey, are part of the official New York Knicks Bar Takeover program and will be streaming the Knicks vs. the Indiana Pacers, with every television blaring sound on full blast. Some spots will be offering a little extra fun for Knicks fans, ranging from free goodies to drink specials and more. Check out some of the watch parties across the city. Radio City Music Hall Advertisement The Knicks official watch party will be held at the famed music venue instead of outside the Garden, with doors opening at 7 p.m. Fans must purchase tickets to attend. Admission is $10 each and proceeds will benefit the Garden of Dreams Foundation. The team noted that there will be no outdoor watch party outside MSG on Wednesday night. On Friday night, thousands of frenzied fans took over Seventh Avenue to celebrate the team's dominating Game 6 win over the Boston Celtics. Some climbed poles and one burned a rival jacket outside the Garden. Goldie's Tavern If you have a Knicks jersey, make sure you wear it to Goldie's Tavern Wednesday — the sports bar is offering free Goldie's Lagers to anyone sporting their blue and orange. They're also offering up some drink specials for the occasion, including select $5 beers and $6 seltzers. Advertisement Mustang Harry's The official fan bar for the Knicks — and the Rangers, Ravens and UFC — is doling out their very own stress basketballs to 'help ease fans' stress about the game.' The bar, located down the block from MSG, will also have life-size cutouts of the players and be covered with Knicks flags. Every inch of Mustang Harry's is covered in massive televisions — including in the bathrooms — so fans are guaranteed to catch every second of the historic game. Advertisement 4 Mustang Harry's is doling out free stress basketballs to ease Knicks' fans stress. Courtesy of Mustang Harry's The Gin Mill 'We're going to be partying hard,' Andrew Neesley, the operating partner at The Gin Mill said simply. The bar, at 442 Amsterdam Ave., is offering up $6 cocktails on select drinks, including Dr. Pepper bombs. The rest of the party will be a surprise — and depending on how well the Knicks do there might be plenty of free shots and flybys being spritzed out into the crowd. 'A lot of what happens in a place like this is all in the moment … It's been freakin' great. This is the best the Knicks have done in a while,' said Neesley. 4 More than 20 bars across New York City are hosting Knicks watch parties in partnership with the NBA. Courtesy of Mustang Harry's Feile Feile, an Irish pub located at 131 W 33rd St., is promising free orange and blue shots to anyone thirsty at halftime. And if all goes well, a second round (and maybe a third) will be poured out at the end of the game. Advertisement The tavern also has cardboard cutouts of four of the five Knicks starters scattered throughout the restuarunt for photo-ops, with a cutout of superstar Jalen Brunson greeting fans at the front door. 'We have four of the five. Poor Josh Hart got stolen by a happy fan,' said Kevin Ryan, the bar's partner. 4 Many bars will boast cardboard cutouts of the Knicks starters. Courtesy of Mustang Harry's Penn 6 Penn 6, located just steps from the Knicks home turf, is dusting off its 20-foot projector to stream the game — with the volume blasted high enough that it could sound like it's coming straight from MSG. Advertisement Because of its proximity to the venue, Penn 6 has become known as a destination for post-game parties — but only after fans storm the streets for a wild celebration. After the team clinched their spot in the Eastern Conference Finals with a win over the rival Celtics, the hundreds of Penn 6 customers sprinted out into the street, and came back 20 minutes later with dozens of others in tow, said manager Karrah Meyer. 'It gets to be a huge vibe in here … We get rocking and rolling, for sure,' she said. Pig Beach In Astoria, Pig Beach will be the largest venue hosting a blockbuster watch party that centers around a 30-foot jumbotron and a plethora of other TVs. Advertisement The beer garden can hold 2,000 easily, and Knicks fans have been packing it in like sardines over the last few weeks. 'The enthusiasm of the fans is crazy. This is the place in Queens to come watch the game,' said Andrew Brennan, the general manager.
Forbes
20-05-2025
- Business
- Forbes
S&P (14 Years Ago) And Fitch (2 Years Ago) Beat Moody's To The Punch
A television broadcasts Moody's US credit downgrade news on the floor of the New York Stock Exchange ... More (NYSE) in New York, US, on Monday, May 19, 2025. A renewed wave of dip buying fueled a rebound in stocks from session lows, with traders trying to look past the US downgrade by Moody's Ratings that has sent bond yields climbing and weakened the US dollar. Photographer: Michael Nagle/Bloomberg While stocks managed to bounce back from early losses the first day after Moody's downgrade of U.S. sovereign credit—bringing it in line with previous actions by Standard & Poor's (2011) and Fitch (2023)—we understand that the decision raises concern about America's fiscal health. But as history has shown, these downgrades have hardly been lasting impediments to long-term equity market gains. For investors with a steady hand and a long-term perspective, the evidence continues to favor staying the course. The rationale from Moody's echoed familiar concerns: persistent large fiscal deficits, rising entitlement spending and limited political will to rein in debt. They warned of deteriorating fiscal performance relative to other highly rated sovereigns. But they also reaffirmed America's 'exceptional credit strengths,' including the resilience of the U.S. economy and the global primacy of the dollar. These warnings are not without merit. But similar alarms have sounded before. S&P's 2011 downgrade came during a bitter debt-ceiling impasse. At the time, headlines predicted doom. Yet over the subsequent five years, the S&P 500 nearly doubled. When Fitch followed suit in August 2023, Warren Buffett responded by buying $10 billion in U.S. Treasurys—reiterating his belief in the enduring strength of the American financial system. JPMorgan Chase CEO Jamie Dimon, too, has long downplayed the significance of such ratings actions, most recently calling Fitch's downgrade 'not that material' and reiterating that 'the U.S. has the best financial system in the world.' He echoed similar sentiments in 2011, when he noted the fundamental strength of the U.S. economy remained intact despite the S&P cut. Stocks have Soared Since S&P's Downgrade of its U.S. Debt Rating in 2011. For those who panic at the first sign of turmoil, it's important to remember that volatility is the price of admission for long-term equity returns. Since The Prudent Speculator launched in 1977, the S&P 500 has endured 39 corrections of 10% or more and 40 rallies of similar magnitude. The average gain during these rallies has exceeded 40%, while setbacks have averaged an 18% decline. The secret to success in stocks is not getting scared out of them. Indeed, the latest consumer sentiment data shows Main Street pessimism nearing levels last seen during the Great Financial Crisis and the COVID-19 collapse. Yet those moments marked historic buying opportunities. The University of Michigan's sentiment index dropped to 50.8 in May, with inflation expectations ticking higher. But such pessimism has often served as a contrarian indicator—when fear peaks, value emerges. Meanwhile, April's inflation readings came in below expectations, and the Atlanta Fed projects 2.4% real GDP growth for Q2 2025. While that's not gangbuster growth, it defies claims of imminent recession. The labor market remains strong, and interest rates, while higher than recent norms, are still historically accommodative for equities. Yes, debt matters. But no, these downgrades haven't derailed America's growth story yet. Stocks remain reasonably valued, especially among dividend payers and value-oriented names. We continue to sleep well at night knowing our portfolios emphasize cash-generating businesses with sound fundamentals and generous dividend yields. The headlines may be grim, but history is generous to those who stay invested. As Mr. Buffett quipped, 'If you're lucky enough to be born in the United States, you've already won the lottery.' That remains true—even in the wake of another downgrade. For those who like what I have to say in this forum, further market analytics and stock picks can be found in my newsletter, The Prudent Speculator.
