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The Ark may have been constructed to withstand 40 days and 40 nights of flooding, but Northern Kentucky’s Ark Encounter property did not fare as well as Noah’s original construction when rains hit the area.Court documents filed in District Court show that the owners of the Ark Encounter in Northern Kentucky have filed a suit against their insurance company after flood and storm damage.Crosswater Canyon Inc. alongside the Ark Encounter, have filed suit against multiple defendants who comprise the business’ insurance underwriters after their property was damaged by heavy rains.According to the suit, heavy rains caused a landslide and some structural support damage near the Ark exhibit.“Subsequent to heavy rains, a significant landslide occurred along portions of the slope, which eliminated the structural support for the roadway, caused significant damage to the road surface itself and the incorporated improvements, and rendered portions of the road unsafe and unfit for use,” reads the suit.Engineers fixed the roadway at a cost of about million. But when the Ark Encounter asked for their insurance to cover the repairs, they were disappointed.Initially, the suit alleges, the defendants cited faulty craftsmanship as the reason for the property damage and stated they were not liable. After an appeal, they conceded that only a small amount was covered by the policy.“By refusing to pay all but a very small proportion of Plaintiffs’ covered claim, the Defendants have failed to meet their Policy obligations and failed to handle Plaintiffs’ claim properly and in good faith, causing Plaintiffs to incur significant additional loss and expense,” reads the suit.The Ark Encounter is seeking damages. The vessel itself appears not to have been damaged. 1779

The House Rules Committee met on Tuesday to decide on the process for Wednesday's House session, which will likely result in the impeachment of President Donald Trump. By a 9-4 party line vote, the Rules Committee decided that there will be six hours of debate on the House floor on Wednesday. The six hours will be divided evenly between the two parties. Members of the House will then vote on the two articles of impeachment being offered by House Democrats -- one on obstruction of Congress and another on abuse of power -- individually. Earlier on Tuesday, the Associated Press reported that enough Democrats plus Congress' lone independent have committed to voting for articles of impeachment against Trump. The result would result in Trump becoming the third president in American history to be impeached. The House said that Wednesday's session will get underway at 9 a.m. ET, but it is unclear exactly what time debate on the impeachment will start. 969

The Apple product surprises keep rolling out this week.For the third day in a row, the iPhone maker quietly launched new gadgets ahead of a press event scheduled for Monday that will likely focus on the launch of its rumored streaming service.The company announced Wednesday its next-generation wireless earbuds. The new AirPods feature a wireless charging case, improved battery life and hands-free access to its Siri voice assistant.The set will be available in two options: with a wireless charging case for 9 or with the normal standard case for 9 -- the same price as the original AirPods.The wireless charging case is also available for for people with the original version of AirPods.The new AirPods feature Apple's new H1 chip, which the company says gives better performance, faster connect times and up to 50% more talk time than the original AirPods. Users can also now say "Hey Siri" to activate the voice assistant, rather than tapping one of the ear buds.The new set can be purchased online starting Wednesday and will hit Apple Stores next week.On Tuesday, Apple unveiled a refresh to its 1126

The Dow fell more than 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.US stocks fell as investors sold stock in companies and moved it into bonds. The Dow was about 2.8% lower. The broader S&P 500 was also down 2.8% and the Nasdaq sank 3.1% Wednesday.CNN Business' Fear and Greed Index signaled investors were fearful. The VIX volatility index spiked 26%.Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets despite the latest truce. Industrial production in China grew at the weakest rate in 17 years in July.As the global economy sputters, investors are plowing money into long-term US bonds. The 30-year Treasury yield fell to 2.05%, the lowest rate on record.Government bonds — particularly US Treasuries — are classic "safe-haven" assets that investors like to hold in their portfolios when they're nervous about the economy. Stocks, by contrast, are riskier assets that tend to be more volatile during economic slowdowns.Gold, another safe-haven asset, rose 1% Wednesday.Here's what this all means: Normally, long-term bonds pay out more than short-term bonds because investors demand to be paid more to tie up their money for a long time. But that key "yield curve" inverted on Wednesday. That means investors are nervous about the near-term prospects for the US economy. Bonds and yields trade in opposite directions, so yields sink when investors buy bonds.Part of the yield curve has been inverted for several months. In March, the yield on the 3-month Treasury bill rose above the rate on the 10-year Treasury note for the first time since 2007. It inverted again on July 24 and has remained negative. But Wednesday marked the first time in over a decade that the "main" yield curve — the 2-year / 10-year ratio — had inverted.That spooked Wall Street, because an inversion of the 2/10 curve has preceded every recession in modern history. That doesn't mean a recession is imminent, however: The Great Recession started nearly two years after the December 2005 yield-curve inversion.William Foster, Moody's lead US analyst, predicts the US economy will avoid a recession in 2019 and in 2020, despite the yield curve inversion's warning sign. He expects growth to slow in the second half this year into 2020.The US economy remains strong: Unemployment is historically low, consumer spending is booming, and the financial system is healthy."Even though we're discouraged by the yield curve's shape right now, we see few signs of danger ahead," said John Lynch, LPL Research chief investment strategist, in a blog post.Stocks have grown volatile lately, with the Dow plunging and rising more than 350 points in each session this week. But the yield curve inversion doesn't mean the stock market is about to collapse. The S&P 500 has rallied 22% on average between the first time a yield curve inverts and the start of a recession, Lynch noted.Following the last yield curve inversion in 2005, stocks rose for 12 straight months. 3400

The Centers for Disease Control and Prevention said on Tuesday that it is likely that the spread of coronavirus will reach pandemic levels, as scientists still are trying to solve how to stop the spread of the deadly virus. In the meantime, the CDC has offered some tips it believes will help prevent the spread of the disease. Avoid close contact with people who are sick.Avoid touching your eyes, nose, and mouth.Stay home when you are sick.Cover your cough or sneeze with a tissue, then throw the tissue in the trash.Clean and disinfect frequently touched objects and surfaces using a regular household cleaning spray or wipe.Follow CDC’s recommendations for using a facemask.CDC does not recommend that people who are well wear a facemask to protect themselves from respiratory diseases, including COVID-19.Facemasks should be used by people who show symptoms of COVID-19 to help prevent the spread of the disease to others. The use of facemasks is also crucial for 982

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