DIRS.INFO The most relevant business & tech news

☆ Karen Firestone: Tech dominates the S&P 500. It's time to ask whether it's the best benchmark for investors
▼ + stars: | 2024-04-29 | by ( Karen Firestone | ) www.cnbc.com time to read: +7 min

Answering that question assumes understanding why we use the S & P 500 in the first place. While the Dow heavily favors industrial businesses — steel, chemicals, autos, oil and gas — the S & P 500 offers a more diverse representation. Also, the S & P 500 index is weighted by market value, which makes sense to professional investors. While certainly not a proxy for the S & P 500, it provides more exposure to other industries and stocks. As shown below, the equal-weighted S & P 500 has slightly outperformed the S & P 500 over the past 20 years.

Persons: I've, Gamble, Karen Firestone Organizations: Dow Jones, Dow, Apple, Procter, Microsoft, Nasdaq, Bloomberg, Goldman, Commodities, Asset Management

☆ Net neutrality is back as FCC votes to regulate internet providers
▼ + stars: | 2024-04-25 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

The net neutrality regulations adopted Thursday by the Federal Communications Commission prohibit providers such as AT&T, Comcast and Verizon from selectively speeding up, slowing down or blocking users’ internet traffic. And for the first time, the FCC said it would step in to override state or local policies that conflict with the federal net neutrality rule. “The Title II authority will ensure that broadband providers are properly overseen by the FCC like all telecommunications services should be. “These 400-plus pages of relentless regulation are proof positive that old orthodoxies die hard,” said Jonathan Spalter, CEO of USTelecom, a trade association representing internet providers. As a result, the outcome of a legal challenge to the FCC’s net neutrality rules could have potentially broad ramifications for other US regulatory bodies, not just the FCC.

Persons: Trump, Jessica Rosenworcel, Rosenworcel, ” Rosenworcel, ”, Justin Brookman, Biden, Jonathan Spalter, Brendan Carr Organizations: Washington CNN, Federal Communications Commission, Comcast, Verizon, Democratic, FCC, “, Consumer, Trump, Republican, Communications Locations: unwound, Washington, America

☆ NASA and Nokia are taking 4G into space
▼ + stars: | 2024-04-24 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

That’s the shared vision of NASA and Nokia, who have partnered to set up a cellular network on the Moon to help lay the building blocks for long-term human presence on other planets. A SpaceX rocket is due to launch this year — the exact date has yet to be confirmed — carrying a simple 4G network to the Moon. The 4G network unit is being built by Nokia’s Bell Labs using a range of off-the-shelf commercial components. Images of ice — transmitted back to the lander and then Earth in near real-time via the cellular network — would be a world-first. NASA selected Bell Labs as part of its Tipping Point initiative, a series of partnerships with companies to develop technologies for future missions that puts them in prime position for key roles in the future space economy.

Persons: ” Walt Engelund, Shackleton, Engelund, Artemis —, ”, ” Thierry Klein, ” Klein Organizations: CNN, NASA, Nokia, SpaceX, Technology, Nokia’s Bell Labs, Nokia Bell Labs, Bell Labs, US Defense, Research Projects Agency, DARPA, Bell Labs Solutions Research, Nokia Bell

☆ Tension in the Middle East, hot inflation rattle stocks. Take these steps to shore up your portfolio
▼ + stars: | 2024-04-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Conflict in the Middle East escalated over the weekend as Iran launched drones and missiles at Israel, and traders braced for a response. Investors have already been on edge as of late amid climbing oil prices and recent economic data that shows inflation is remaining sticky. Rockier times could be ahead, too, noted Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute. Tax-loss harvesting involves selling losers in your taxable account and using these losses to offset realized gains within your portfolio. Extending duration involves adding exposure to bonds with greater price sensitivity to changes in rates.

Persons: Paul Christopher, Christopher, rebalancing, Gargi Pal Chaudhuri Organizations: Wells, Wells Fargo Investment Institute, Information Technology, Communications Services, BlackRock, Treasury Bond ETF Locations: Fresh, Iran, Israel, Wells Fargo, BlackRock

☆ These are Piper Sandler's favorite stocks for the second quarter
▼ + stars: | 2024-04-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

As a cloak of unease shrouds the market, it might be time for investors to consider turning to quality stocks, according to Piper Sandler. Piper Sandler also identified United Airlines as a quality stock to buy. The airline carrier stock moved to a ranking of 2 in the current quarter, from its previous ranking of 4. Microsoft is another quality name that could win big, Piper Sandler said. Microsoft stock rose on Monday after a report from The Information said that the company was planning a $100 billion data center project with OpenAI .

Persons: Piper Sandler, Piper Sandler's, CNBC's Michael Bloom Organizations: Piper, Communications, Verizon, Airlines, Boeing, United Airlines, Reuters, U.S . Federal Aviation Administration, Microsoft, Jefferies

☆ Stocks trade near records, but chances are your portfolio isn’t sufficiently protected from a fall
▼ + stars: | 2024-03-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

For instance, the iShares MBS ETF (MBB) has a net expense ratio of 0.04% and a year-to-date total return of -1.24%. Vanguard's MBS ETF (VMBS) also carries an expense ratio of 0.04% and a total return of -1.08% in 2024. Stocks in developed markets have had the closest correlation with U.S. equities, while emerging markets equities are less correlated, the research firm found. ETFs that play on that theme include the Vanguard FTSE Emerging Markets ETF (VWO) , which has an expense ratio of 0.08%, and the iShares Core MSCI Emerging Markets ETF (IEMG) , with an expense ratio of 0.09%. VWO has a year-to-date total return of 1.33%, while IEMG's total return for the period is 1.6%.

Persons: Charles NeSmith, Morningstar, Andrew Herzog, Herzog, Cash, Amy Arnott, There's, NeSmith, VWO Organizations: Nasdaq, Communications, Financial, Mortgage, Investors, MBS, Morningstar, Commodities, Vanguard FTSE, Markets Locations: Plantation , Florida, Plano , Texas, U.S

☆ This major ETF that's home to Meta and Disney is looking to break out again, according to the charts
▼ + stars: | 2024-03-20 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The Communications Services Select SPDR ETF (XLC) , home of Meta, Alphabet and Disney, is doing one of the following at any given time this year: Breaking out, digesting said breakout and then breaking out again. We'll notice that the monster reversal happened a solid four months before the S & P 500 topped out in early 2022… and we can blame Meta (META) for that. Meta tailwind When META cracked back then, it took XLC with it. However, it, too, has a constructive chart pattern – a potential large base that is almost two years in length. This ETF is VERY illiquid, thus, it's not the best trading vehicle… That said, one particular holding has a similar looking pattern: Disney (DIS) .

Persons: XLC's uptrend, XLC, it's, NWSA, Frank Cappelleri Organizations: Meta, Netflix, News Corp, Communication Services Locations: XLC

☆ Hotter inflation catches up to the stock market, but there are still some portfolio winners
▼ + stars: | 2024-03-14 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Market reversal : The stock market on Thursday initially shrugged off the before-the-bell release of a stronger-than-expected increase in February producer prices. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, WTI, Coterra, Estee Lauder, Stanley Black, Dick's, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, Reserve, West Texas, Lone, Coterra, Nvidia, FedEx, Dow, Nike, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: U.S

☆ Your company knows you’re reading this story at work
▼ + stars: | 2024-03-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

But experts say that while AI tools might be new, watching, reading and tracking employee conversations is far from novel. A Chevron spokesperson told CNN the company is using Aware to help monitor public comments and interactions on its internal Workplace platform, where employees can post updates and comments. Cybersecurity company Proofpoint uses similar technology to help monitor cyber risks, such as incoming phishing scams or if an employee is downloading and sending sensitive work data to their personal email account. This would prevent employees from not sharing sensitive company data with an AI model, which could resurface in future responses. Even when employees are not on a secure work network, companies are able to monitor activity through browsers.

Persons: ”, David Johnson, “, Johnson, Slack, Reece Hayden, ” Hayden, Hayden Organizations: CNN, Walmart, Starbucks, Chevron, Forrester Research, Microsoft, Warner Brothers Discovery, Fortune, ABI Research, Meta Locations: Delta

☆ Biden to issue executive order aimed at protecting Americans’ sensitive data from China, other 'hostile countries'
▼ + stars: | 2024-02-28 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden will issue an executive order Wednesday intended to safeguard the personal data of American citizens from countries deemed hostile. The executive order centers on the business of selling people's personal information, in which companies and so-called data brokers collect and trade data. The order focusses on specific, sensitive information like genomic data, biometric data, personal health data, geolocation data, financial data and other kinds of personally identifiable information. The executive order will direct the Department of Justice to issue several regulations intended to protect sensitive data. "American privacy concerns in the data broker industry are not new, and existing laws do not sufficiently protect Americans' data from misuse," the letter said.

Persons: Joe Biden, Kamala Harris, Mitch McConnell, Mike Johnson, Chuck Schumer, Hakeem Jeffries, Biden Organizations: White, Chinese Communist Party, Department of Justice, of Homeland Security, United States Telecommunications Services, U.S, Oracle, Trump, Biden Locations: Washington , DC, U.S, China

☆ Opinion: What the AT&T outage reveals
▼ + stars: | 2024-02-23 | by ( Opinion Bob Kolasky | ) edition.cnn.com time to read: +6 min

CNN —The news Thursday morning of the AT&T service outage — affecting tens of thousands, if not hundreds of thousands of customers — was yet another reminder of the importance of critical infrastructure resilience. By a few minutes after 3 pm ET, about 11 hours after customers’ initial reports of the outage, AT&T said it had restored service to all affected customers. For communications, it can be conceptualized in two different ways: What is the scope and scale of the service outage and what are the cascading consequences of the outage? In a connected world, a widespread communications outage can have a contagion effect. Infrastructure outage incidents can’t be addressed by stove-piping information.

Persons: Bob Kolasky, —, it’s Organizations: Infrastructure Security, Risk Management, CNN, Bob Kolasky Department of Homeland, Federal Communications Commission, White, Communications, AT, Rogers Communications, Chinese Communist Party, Telecommunications, Carnegie Endowment, International Peace Locations: Exiger, Canada, France, Paris, Puerto Rico, Southeast, Gulf

☆ UN Chief Concerned by Violence, Communication Restriction on Pakistan Election Day
▼ + stars: | 2024-02-08 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Michelle Nichols and Kanishka SinghUNITED NATIONS (Reuters) - United Nations Secretary-General Antonio Guterres on Thursday expressed concern about violence in Pakistan and the suspension of mobile communications services on election day in the South Asian nation, his spokesperson said in an emailed statement. CONTEXTThousands of troops were deployed on the streets in Pakistan and at polling stations across the country. Despite the heightened security, nine people, including two children, were killed on Thursday in bomb blasts, grenade attacks and shootings. At least another 26 were killed on Wednesday in two explosions near electoral candidates' offices in the southwestern province of Balochistan. Earlier on Thursday, the U.S. State Department also said it was concerned about steps taken to "restrict freedom of expression" in Pakistan, especially related to phone and internet access.

Persons: Michelle Nichols, Kanishka Singh, Antonio Guterres, Imran Khan, Nawaz Sharif, Stephane Dujarric, Sandra Maler Organizations: NATIONS, Reuters, United Nations, Mobile, Interior Ministry, Amnesty, Pakistan Muslim League, Islamic State, U.S . State Department Locations: Pakistan, Iran, Afghanistan, Balochistan, Islamic

The declines have come from just about every sector, with the exception of technology, which has seen its earnings estimates rise since October 1. A good example: IBM , which beat earnings expectations and highlighted an uptick in demand for artificial intelligence products and services. Outside of technology, earnings expectations are lower than three months ago, but are now rising again. "The market has been anticipating improving earnings expectations, and it's getting them. By that I do not mean that earnings estimates are rising, I mean they are not getting cut as much anymore," Raich added.

Persons: Nick Raich, it's, Raich, Sherwin, Williams, Heidi Petz, Kimberly, Clark, Nelson Urdaneta, that's, shipper J.B, Hunt, John Roberts, McCormick, Gamble, STMicroelectronics, Jim Fitterling, DuPont, hasn't, ASML, Andre Schulten, Baker Hughes Organizations: IBM, Treasury, Scout, Paint Stores, Insurance, Procter, Swift Transportation, Dow Inc, Texas, 3M, Gamble, FedEx, Humana, Adobe, Dupont Locations: Americas, China

☆ Russia really wants to stop Ukraine using Elon Musk's Starlink satellites
▼ + stars: | 2024-01-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +8 min

Russia is trying to cut off Ukraine's access to Elon Musk's Starlink satellites, analysts said. AdvertisementRussia is trying to cut off Ukraine's access to Elon Musk's Starlink satellites, according to space warfare analysts. Since the start of the war, Russia has been using jamming systems to try and deny Ukrainian forces access to commercial satellites. Because Starlink satellites are closer to Earth, latency — the delay between a user's action and a response on the network — is shorter. She said Starlink satellites are both "resilient" and "agile," with Starlink operators constantly updating their software to overcome Russian attacks.

Persons: Elon Musk's, It's, —, Brian Weeden, Weeden, MADS CLAUS RASMUSSEN, Kari Bingen, Bingen, Sauli Niinisto, Joe Biden, Elon Musk, Starlink, ї Bingen, Сили Спецальних Операцй ЗС Украни Organizations: Elon, Service, Russia, Business, SpaceX, Aerospace Security, International Security, Center for Strategic, International Studies, CSIS's Aerospace Security, Viasat, Reuters, Pentagon, Space Watch, The Washington Post, KU, Ukraine's Special Forces, Telegram Locations: Russia, South Funen, Denmark, Ukraine, American, Europe, Finland's, Kaliningrad, Finland, NATO, Russian, Leer, Ukrainian, Ukraine's Donetsk

Rising bond yields have thrown cold water on the major averages, but a few winners may emerge even if rates remain elevated. These developments have spurred worries that the Fed policymakers could keep rates higher for longer. Bond prices and yields are inversely related, which means that as yields rise, bond prices will fall. Generally, insurers benefit when interest rates rise , since their investment portfolios will generate more yield. Shares of both real estate investment trusts, which specialize in communications services, could take a hit as higher rates make their dividends less attractive.

Persons: W.R ., Humana, Jefferies, Centene, Sherwin, Williams, Baird Organizations: Federal Reserve, CNBC Pro, Treasury Bond ETF, CME Group, Molina Healthcare, W.R, Florida Medicaid, American Tower Corporation, SBA Communications Locations: Molina, UnitedHealth, Florida

☆ How to find a reasonably-priced and resilient stock amid the rush of earnings reports ahead
▼ + stars: | 2024-01-15 | by ( Michael Khouw | ) www.cnbc.com time to read: +8 min

Strong Balance Sheet: A strong balance sheet is often a primary indicator of a quality company. Consistent Earnings Growth: Quality companies usually exhibit steady and predictable earnings growth. Typewriter manufacturing wasn't a sustainable growth industry regardless of whether it adhered to ESG factors or not. Bear in mind that finding a quality company cheap isn't likely, but we would prefer to avoid crowded (i.e. Even without delving into the quality of management and other factors it's clear that AT & T is not a "quality" company as I defined it above.

Persons: Martin Luther King, Walt Disney Organizations: JPMorgan, Good, Sustainable, Sector, Charter Communications, Comcast, Electronic Arts, Fox Corp, Interpublic, Match, Meta, Netflix, News Corp, Omnicom, Paramount Global, Interactive, Verizon, Walt, Warner Brothers, Apple Locations: America

☆ Oppenheimer has one of the most bullish outlooks for 2024. Here's where it sees the S&P 500 going
▼ + stars: | 2023-12-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Oppenheimer has high hopes for the S & P 500 next year amid growing corporate earnings. That suggests 13% upside and 8.4% higher than the S & P's all-time closing high on Jan. 3, 2022. .SPX YTD mountain S & P 500 year to date Morgan Stanley , on the other hand, sees the S & P 500 falling to 4,500 over the next 12 months — a 2% drop from Friday's close. Wolfe Research also sees the index retreating, issuing a 2024 year-end price target of 4,250. He's projecting earnings of $240 per share for the S & P 500, about 9% higher than for 2023.

Persons: Oppenheimer, John Stoltzfus, Goldman Sachs, Morgan Stanley, Wolfe, Stoltzfus Organizations: Citi, BMO Capital Markets, Bank of America, Wolfe Research

☆ FBI director says bureau is working ‘around the clock’ against potential attacks inspired by Hamas
▼ + stars: | 2023-12-05 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +3 min

FBI Director Christopher Wray said Tuesday that the bureau is working “around the clock” to “identify and disrupt” potential attacks by individuals inspired by the Hamas attacks on October 7. “Given the steady drumbeat of calls for attacks by foreign terrorist organizations since October 7th, we’re working around the clock to identify and disrupt potential attacks by those inspired by Hamas’s horrific terrorist attacks in Israel,” Wray said in his opening remarks before the Senate Judiciary Committee at a hearing Tuesday. His comments echo previous warnings of threats to the United States. He made similar remarks to other congressional committees. The law enables the US government to obtain intelligence by targeting non-Americans overseas who are using US-based communications services.

Persons: Christopher Wray, “, we’re, ” Wray, ”, Wray, we’ve Organizations: FBI, Foreign Intelligence Locations: Israel, United States

☆ United Nations warns of Gaza destruction and ‘blatant disregard for basic humanity’ in Israel-Hamas war
▼ + stars: | 2023-12-05 | by ( Caitlin Stephen Hu | Richard Roth | ) edition.cnn.com time to read: +7 min

Israel has been intensifying its aerial bombardment of southern Gaza in pursuit of Palestinian militant group Hamas and said over the weekend that it will expand ground operations to the whole of the territory. United Nations Secretary General Antonio Guterres on Monday appealed to the IDF to spare civilians from more suffering. Scores of wounded people could be seen being taken from rubble and to hospitals in southern Gaza throughout Monday in footage. “They told us to leave Gaza, there’s a war in Gaza, so we left (the north) and came here to the south just like they asked. The Hamas-controlled Ministry of Health in Gaza also accused the Israeli military of targeting Kamal Adwan hospital in a statement late Monday.

Persons: ”, Martin Griffiths, “, General Antonio Guterres, Jonathan Conricus, Khan Younis, we’ve, ” Ibrahim Esbeitan, Salah Al, Mohammed Salem, Philippe Lazzarini, Lazzarini, Nasser Hospital, James Elder, ” Elder, Kamal Adwan, Anas Al, Sharif, CNN’s Tamar Michaelis, Lauren Kent, Lina El Wardani, Abeer Salman, Kareem Khadder Organizations: CNN, United, “, Hamas, . United Nations, UN, Israel Defense Forces, Reuters, Nasser Hospital, United Nations Relief, Works Agency for Palestine Refugees, US Administration, Health, World Health Organization, WHO, Nasser, UNICEF, of Health, IDF Locations: United Nations, Gaza, Israel, “, Khan, there’s, Rafah, Egypt, Territories, Kamal

☆ India’s Chandrayaan-3 propulsion module is headed back to Earth
▼ + stars: | 2023-12-05 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

CNN —The propulsion module that powered India’s spacecraft to a historic moon landing just transitioned back into Earth’s orbit, according to the country’s space agency. The propulsion module had more fuel left over than the Indian Space Research Organization, or ISRO, had expected. The initial plan was to operate the SHAPE experiment for about three months, while the propulsion module continued whirring through lunar orbit. But because the rocket that launched the Chandrayaan-3 spacecraft delivered it to such a precise orbit, the propulsion module was left with more propellant than expected. (The trial did not, however, attempt to get back into lunar orbit or reconnect with the propulsion module.

Persons: — Organizations: CNN, Indian Space Research Organization, ISRO, Soviet Union, GEO Locations: India, United States, China

☆ Stifel says the S&P 500 to top out soon, still stuck in a secular bear market
▼ + stars: | 2023-12-04 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The broad market index ended Friday at 4,594.63, its highest close for 2023. .SPX YTD mountain S & P 500 in 2023 Year to date, the broad market index is up nearly 19%, fueled primarily by large-cap tech names like Meta and Nvidia . He also noted that the market faces bleak prospects going into the early 2030s, expecting a range-bound S & P 500 in real terms" as investors navigate a secular bear market. "The CPI inflation-adjusted S & P 500 peaked near 5,300 in Dec-2021 and has been lower since, which is characteristic of a decade-long Secular Bear Market featuring a flattish/range bound market," Bannister said. As the market growth story shifts to cyclical growth, Bannister says the previous "high level of returns … is gone for a generation."

Persons: Barry Bannister, Bannister, Michael Bloom Organizations: Nvidia

☆ Alibaba, Baidu and more: Jefferies names Asian stocks with significant 'hidden value'
▼ + stars: | 2023-11-23 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Asian stock markets may have had a weak year, but excessive cash in the region's companies is a hidden opportunity for investors, according to Jefferies. Asian ex-cash P/E is just 9.1 times, indicating "significant value," Jefferies' analysts noted. The region's stocks are also "appealing from the shareholder return perspective," given stronger prospects of buybacks backed by free cash flows and high cash balances, they wrote. Jefferies screened for Asian companies with "significant ex-cash value and strong fundamentals," and which it said make "good candidates" for buybacks and dividends. Other Asian stocks that made Jefferies' list include Singapore's transport company ComfortDelGro and Indian oil and gas company Petronet .

Persons: Jefferies, JD.com, iPhones, — CNBC's Michael Bloom Organizations: MSCI HK, Baidu, China Communications Services, Qingdao Port International, Energy, Vipshop Holdings, Technology, Singapore South, Kia, Hyundai, Orion Corp Locations: Asia, Pacific, Japan, China, Qingdao, South Korea, Australia, Singapore, Singapore South Korean

Oil prices fell about $1 a barrel after OPEC postponed until next week a meeting to discuss production cuts. The oil cartel has been maintaining a tight market for crude oil with production cuts. It is expected to extend those cuts after oil prices have fallen after a spike in the summer to almost $100 a barrel. Markets in Greater China have been swaying in reaction to moves by Chinese regulators to prop up the ailing property market. A 0.9% drop in oil prices weighed on energy companies.

Persons: Seng, Nordstrom, Swissquote, they’ll, Brent Organizations: Garden, Dow, Nasdaq, . Technology, Microsoft, Google, Broadcom, VMWare, Energy, Exxon Mobil, Halliburton, Nvidia, Department, University of Michigan, Federal, ” Fed, New York Mercantile Exchange, U.S Locations: BANGKOK, Asia, Japan, U.S, Shanghai, Greater China, South Korea, Taiwan, Mumbai, China, Turkey

☆ Fact Check: Clip does not show Israeli forces placing flag at Al Shifa hospital
▼ + stars: | 2023-11-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video showing soldiers placing an Israeli flag on the roof of a school in Gaza has been miscaptioned in online posts that claim it shows the Al Shifa hospital. Israeli troops entered Gaza’s biggest hospital Al Shifa on Nov. 15, with Israel saying its forces found weapons as well as an underground structure it called a Hamas tunnel shaft after two days of searching the hospital complex, while Hamas denied the assertion. A post (archived) on social media said: “This is the IOF putting up a flag at Al-Shifa Hospital. The video circulating online, however, does not show the Al Shifa hospital. The video shows a UNRWA school in Gaza, not the Al Shifa hospital.

Persons: Al Shifa, Juliette Touma, Touma, Read Organizations: Shifa, Facebook, UN, United Nations, UNRWA, Le, BBC, School for Boys, Reuters, Thomson Locations: Gaza, Gaza’s, Israel, ”, Gaza City

☆ Gaza war inflicts catastrophic damage on infrastructure and economy
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +4 min

In all, it said at least 45% of Gaza's housing units had reportedly been damaged or destroyed. It was impossible to independently verify the numbers, but Reuters reporters in Gaza say the destruction is on a huge scale. OCHA said 55 ambulances in Gaza had been damaged, with critical shortages reported of drugs and blood products. The socio-economic situation of Gaza was already dire before the war, with the poverty rate estimated to have reached 61% in 2020. They also forecast that the war would cost Gaza between 4% and 12% of gross domestic product in 2023.

Persons: OCHA, Khan Younis, Crispian Balmer, Giles Elgood, Gareth Jones Organizations: United Nations Office, Humanitarian Affairs, Gaza's Ministry of Health, Palestinian, Hamas, Israel Defense Forces, REUTERS Acquire, UNRWA, United Nations Economic, Social Commission, Western, United Nations Development Programme, Thomson Locations: Gaza, Israeli, Beit Hanoun, Palestinian, ISRAEL, Khan, Israel, Western Asia

Search resuls for: "Communications Services"

25 mentions found