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☆ The US and Israeli defeat of Iranian missiles is a big boost for its strained regional alliance
▼ + stars: | 2024-04-17 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

That's a boost for the regional air defense network the US wants. AdvertisementThe United States shot down more of the incoming Iranian drones than Israel and played a central role in the "multinational air defense operation" consisting of British, French, and Jordanian air forces. An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel on April 14, 2024. "Russia will seek to offset the US success in backing Israel by looking to buttress Iran's defense with advanced Russian systems such as the Su-35," Heras said. There were also reports last year indicating Iran also seeks the advanced Russian S-400 air defense missile system.

Persons: —, Biden, Jordan, MEAD, Nicholas Heras, Amir Cohen, Heras, Nadimi, Alexander Zemlianichenko, Su Organizations: Service, Biden, East Air Defense, UAE —, New Lines Institute, United Arab Emirates, REUTERS, Washington Institute for Near East, Islamic Revolutionary Guard Corps, AP Locations: Israel, Russia, Iran, Ukraine, Britain, France, Saudi Arabia, States, Jordanian, Israeli, Mar, Ashkelon, United States, Tehran, Russian, Syria, Moscow, Su

☆ Chicago Voters Face Choice on Tax to Fund Homeless Programs
▼ + stars: | 2024-03-18 | by ( Mitch Smith | ) www.nytimes.com time to read: +1 min

Chicago voters will consider a ballot measure on Tuesday that progressive Democrats see as a solution to homelessness. The proposal would allow the City Council to increase real estate tax revenue to help fund programs to get people off the street. The ballot measure has prompted arguments about the downtown’s sputtering recovery, the influx of migrants that has strained city services and political coalitions, and the wisdom of entrusting Mayor Brandon Johnson and his fellow progressives with more tax money. One issue not being contested: Homelessness is a problem in Chicago. The group says that the new tax would deal another blow to an office real estate market still mired in a post-pandemic vacancy crisis.

Persons: Brandon Johnson, ”, Farzin Parang Organizations: City Council, Association of Chicago Locations: Chicago

☆ Chinese ADRs are still 'far away' from drawing investor confidence: Mizuho Americas
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese ADRs are still 'far away' from drawing investor confidence: Mizuho AmericasFarzin Azarm, managing director of equities trading at Mizuho Americas, discusses the outlook for Chinese markets and state intervention.

Persons: Azarm Organizations: Mizuho, Mizuho Americas

☆ Moon landing attempt: Odysseus ran into last-minute navigation issues
▼ + stars: | 2024-02-22 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

CNN —Intuitive Machines’ IM-1 lander, also called Odysseus or “Odie,” is on the lunar surface after experiencing unexpected issues hours prior to landing. “Intuitive Machines made the decision to reassign the primary navigation sensors from Odysseus … to use the sensors on NASA’s Navigation Doppler Lidar,” according to the webcast. With its landing legs and sensors pointed toward the lunar terrain, Odysseus relied on the Lidar payload to locate a safe landing spot. The IM-1 mission comes amid a renewed international dash for the lunar surface. Odysseus passes over the near side of the moon following lunar orbit insertion on February 21.

Persons: Odie, ”, Steve Altemus, Odysseus, Gary Jordan, …, landers, Farzin, Jeff Koons, We’re, ” Altemus, Altemus Organizations: CNN, NASA, Soviet, Columbia, Embry, Riddle Aeronautical University, Astrobotic Technology, Peregrine, Payload Services Locations: China, India, Japan, Malapert, Daytona Beach , Florida

☆ Odysseus moon mission will aim for landing near lunar south pole
▼ + stars: | 2024-02-15 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

The imminent launch attempt follows closely on the heels of a separate US lunar landing mission that failed in January. After burning through its fuel, the rocket will detach from Odie, leaving the lunar lander to fly solo through space. Houston-based Intuitive Machines developed the Nova-C moon lander under a NASA initiative. Packed on board the lunar lander are six NASA science and technology payloads. The device is set to pop off of the lunar lander as it approaches the surface and capture images of the vehicle’s descent.

Persons: “ Odie, ”, Odie, NASA’s, Stephen Altemus, NASA Odie, Astrobotic Technology’s Peregrine, Farzin Amzajerdian, Jeff Koons, we’ll, ” Altemus Organizations: CNN, NASA, SpaceX, NASA’s Kennedy Space Center, Payload Services, Langley Research, Embry, Riddle Aeronautical University Locations: Florida, Houston, Russia, Japan, China, India, Hampton , Virginia, Columbia, Daytona Beach , Florida

☆ U.S. tech, AI trade needs to crack for money to flow into China stocks
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. tech and AI trade needs to crack for money to rotate back into Chinese stocksFarzin Azarm of Mizuho Americas says money has been sticking with U.S. tech and artificial intelligence related stocks given their continuous climb; but when these trades unwind, cheaper valuation companies such as Chinese stocks will look attractive.

Organizations: Mizuho Locations: Mizuho Americas

☆ An expired remnant of the Iran nuclear deal may help Russia rearm for another winter of missile attacks on Ukraine
▼ + stars: | 2023-11-20 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

A UN Security Council resolution passed in the days after the 2015 Iran nuclear deal has expired. That could lead Russia to seek ballistic missiles from Iran as it steps up its attacks on Ukraine. UN Security Council Resolution 2231 was passed in July 2015, days after the US and Iran agreed on the Iran nuclear deal. Russia continues to produce its own missiles and drones, but its constant attacks on Ukraine have strained its supplies. Iran's Zolfaghar Basir, top, and Dezful short- and medium-range ballistic missiles in Tehran in January 2022.

Persons: —, Morteza, Iran's Zolfaghar, Anton Mardasov, Mardasov, Rosoboronexport, Farzin, Moscow hasn't, Nadimi, Paul Iddon Organizations: UN Security, Service, UN, EU, Missile Technology Control, Iran's, Washington, UN Security Council, Moscow, Iranian, Business, Mardasov, Iranian Army, Anadolu Agency, Getty Images, Washington Institute for Near East Locations: Iran, Russia, Ukraine, Moscow, France, Germany, China, Tehran, Shahed, Russian, East, Syria, Israel, Arab, Iranian, Getty Images Russia

☆ Jefferies upgrades this little-known biotech stock with more than 100% upside
▼ + stars: | 2023-11-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

The firm upgraded shares of the late-stage biotech to buy from hold, lifting its price target to $26 from $18. Shares of Vera Therapeutics have fallen 37.8% this year, but analyst Farzin Haque believes the stock's recent pullback now means an attractive entry point for investors. VERA YTD mountain VERA YTD chart "W/ shares down –30% (vs XBI –13%) since Sept 21 TVTX data release, we have become more optimistic about atacicept (dual BAFF/APRIL) clin profile," Haque wrote. Atacicept, which Vera took over from Merck, is a drug that treats certain autoimmune diseases. "W/ recent increasing focus on eGFR, VERA's OLE data from ph.II for longer-term eGFR data (expected 1Q24) has now become an important catalyst for the stock," Haque said.

Persons: Vera, Jefferies, Vera Therapeutics, Farzin Haque, VERA YTD, VERA, Haque, Lupus nephritis, — CNBC's Michael Bloom Organizations: Vera, Merck Locations: ph.II

☆ A fierce naval battle 35 years ago shows how destructive another US showdown with Iran could get
▼ + stars: | 2023-08-14 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

More than 50 IRGCN and Iranian Navy personnel were killed, while the US lost one SeaCobra helicopter and its two crew members. After all, Iran has made significant changes to its naval forces and tactics over the past 35 years, becoming "much more asymmetric," according to Bryan Clark, a senior fellow at the Hudson Institute and expert on naval operations. Iran's naval force now consists of the Islamic Revolutionary Guard Corps Navy, known as the IRGCN, and the regular Iranian Navy, Clark told Insider. The Iranian Navy still primarily consists of frigates and corvettes, which operate outside the Gulf, and is much more like other conventional navies. Iranian Navy warship Sahand in Persian Gulf near the Strait of Hormuz in April 2019.

Persons: Biden, Earnest Will, Chance, Samuel B, Roberts, Bryan Clark, Clark, Nadimi, Abu Musa Island, IRGC, Morteza, Kyle Jia Iran's, weren't, Paul Iddon Organizations: Service, US Navy, US, Iranian Revolutionary Guards, Islamic Revolutionary Guard Corps Navy, US Naval Forces Central Command, Fleet, SS, Iranian Navy, Hudson Institute, Washington Institute for Near East, Iran's Navy, REUTERS, Getty, US Marines, US Marine Corps Locations: Persian, Iran, Wall, Silicon, China, Marshall, Iranian, Gulf, Strait, Hormuz, Tehran, Iraq, SS Bridgeton, Abu Musa, Handout, Persian Gulf, Soviet Union, Lebanon, Bataan

☆ Iran says unblocked S.Korea funds to be used for 'non-sanctioned goods'
▼ + stars: | 2023-08-12 | by ( ) www.reuters.com time to read: +1 min

The sign of the Central Bank of the Islamic Republic of Iran is seen in Tehran, Iran January 25, 2023. Majid Asgaripour/WANA (West Asia News Agency)/Handout via REUTERS/File PhotoAug 12 (Reuters) - Iran's central bank chief said on Saturday that all of Iran's frozen funds in South Korea had been unblocked and would be used for "non-sanctioned goods". White House spokesperson John Kirby said Iran could only access the funds "to buy food, medicine, medical equipment that would not have a dual military use." The five Americans will be allowed to leave Iran once the funds are unfrozen, a source familiar with the matter told Reuters. He added that the costs of converting the funds from South Korea's won currency to euros would be accepted by the "third country" where the money would be deposited to buy "non-sanctioned goods".

Persons: Majid Asgaripour, Mohammad Reza Farzin's, John Kirby, Farzin, Helen Popper Our Organizations: Central Bank of, West Asia News Agency, REUTERS, Reuters, South Korea's, Dubai, Thomson Locations: Islamic Republic of Iran, Tehran, Iran, South Korea, Washington, Tehran ., Qatar

☆ Iran's drones could reach a new South American market as Bolivia expresses interest
▼ + stars: | 2023-07-31 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Here's what's ahead for defense stocks "Latin American countries are of special significance in Iran's foreign and defense policy based on the importance of [the] very sensitive South American region," Iran's Defense Minister Mohammad Reza Ashtiani was quoted as saying. Iran's drones have made "considerable impact on any battlefield they have appeared in," according to Farzin Nadimi, an arms expert at The Washington Institute said. The U.S.' concerns center on Iran's deepening foreign alliances and dissemination of its lethal drones, analysts say. It added that a former Revolutionary Guard Corps commander, "boasted in October 2022 that 22 countries — including Algeria, Armenia, Serbia, Tajikistan, and Venezuela — had submitted formal requests for Iranian drones." Iran has previously provided drones to African countries including Sudan and Ethiopia, which the latter used against Tigrayan rebels.

Persons: Oleksii Samsonov, Mohammad Reza Ashtiani, Edmundo Novillo, Novillo, Farzin, Nadimi, Novillo's, John Kirby, Biden, Ebrahim Raisi, Kirby, Annika Ganzeveld, Asad, Khomeini, Majid Asgaripour, Venezuela —, Raisi, ISW Organizations: Kyiv, Getty, Iran's, Bolivian, Bolivia's, CNBC, U.S . Defense Intelligence Agency, The Washington Institute, U.S . Institute for Peace, The U.S, U.S . National Security Council, Sepah, Anadolu Agency, American Enterprise Institute, Associated Press, U.S, Missiles, WANA, REUTERS, for, Revolutionary Guard Corps Locations: Russia, Kyiv, Ukraine, Iran, Washington, South America, Tehran, Fars, Bolivia, The, U.S, Europe, Africa, Latin America, Asia, America, Venezuela, Cuba, Nicaragua, U.S Ayn, REUTERS Washington, Algeria, Armenia, Serbia, Tajikistan, Iranian, Kenya, Uganda, Zimbabwe, Sudan, Ethiopia

☆ Investors are buying China tech stocks 'very cautiously,' says Mizuho Americas
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are buying China tech stocks 'very cautiously,' says Mizuho AmericasFarzin Azarm of Mizuho Americas says there is confusion and uncertainty in China's tech market.

☆ I am 'baffled' by the behavior of Chinese ADRs and the market: Mizuho Americas managing director
▼ + stars: | 2023-05-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI am 'baffled' by the behavior of Chinese ADRs and the market: Mizuho Americas managing directorFarzin Azarm of Mizuho Americas discusses the sequence of events that preceded their "abnormal" behavior.

☆ How to become an Amazon influencer and how much the program pays
▼ + stars: | 2023-03-28 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +7 min

Here's a breakdown of how to become an Amazon influencer and how much creators earn from the program. "We are looking to [influencers] to tell us what they want and what they need," Katie Scott, director of the Amazon Influencer Program, said of the program. Amazon's Influencer Program operates as an extension of its online Associates Program, the company's affiliate-marketing program for creators, publishers, and bloggers. Read more about becoming an Amazon influencer:How much does it pay to become an Amazon influencer? The Amazon Influencer Program will occasionally run limited time incentives around new projects, the company previously told Insider.

☆ I'm an influencer who makes 80% of my 6-figure income from Amazon. Here are my top 5 strategies for success.
▼ + stars: | 2023-03-14 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

About 80% of his six-figure influencer income comes from promoting products on Amazon. One night while we were having dinner, my kids were watching funny videos on TikTok. Now, 80% of my six-figure yearly income as a creator comes from Amazon commissions, and the rest comes from partnerships with brands. This will make it easier for you to promote the products and for your audience to trust your recommendations. Go live with Amazon Live shoppable videos — here's how I do itShare your favorite finds live on Amazon, where viewers can watch your streams, chat with you, and shop the products you recommend.

☆ I make 6 figures reviewing tech products with the Amazon influencer program. Here are my 6 tips for success.
▼ + stars: | 2023-03-13 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

About 80% of his six-figure influencer income comes from promoting products on Amazon. He shared his top tips to build a successful business as an Amazon Influencer. Here are my top tips for finding success as an Amazon Influencer. This will make it easier for you to promote the products and for your audience to trust your recommendations. Go live with Amazon Live shoppable videos — here's how I do itShare your favorite finds live on Amazon, where viewers can watch your streams, chat with you, and shop the products you recommend.

☆ Iran's currency falls to record low as sanctions to continue
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +1 min

The reimposition of U.S. sanctions in 2018 by former President Donald J. Trump have harmed Iran's economy by limiting Tehran's oil exports and access to foreign currency. Since September, nuclear talks between Iran and world powers to curb Tehran's nuclear programme in exchange for the lifting of sanctions have stalled, worsening economic expectations for Iran's future. Over the last six months, Iran's currency has slumped nearly 60% in value, according to Bonbast.com. Meanwhile, the central bank said it was opening a new foreign exchange centre to ease access to foreign exchange and increase the volume of official transactions. Farzin was appointed in December as governor with the key job of controlling the value of foreign currencies, according to IRNA.

☆ Iran, Russia link banking systems amid Western sanction
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +2 min

DUBAI, Jan 30 (Reuters) - Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and Moscow are chafing under Western sanctions. Similar limitations have been slapped on some Russian banks since Moscow's invasion of Ukraine last year. "Iranian banks no longer need to use SWIFT ... with Russian banks, which can be for the opening of Letters of Credit and transfers or warranties," Deputy Governor of Iran's Central Bank, Mohsen Karimi, told the semi-official Fars news agency. Iran's Central Bank chief Mohammad Farzin welcomed the move. "The financial channel between Iran and the world is being repaired," he tweeted.

☆ Iranian currency falls to record low amid isolation and sanctions
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +3 min

DUBAI, Jan 21 (Reuters) - Iran's troubled currency fell to a record low against the U.S. dollar on Saturday amid the country's increasing isolation and possible Europe Union sanctions against Tehran's Revolutionary Guards or some of its members. Ties between the EU and Tehran have deteriorated in recent months as efforts to revive nuclear talks have stalled. The EU is discussing a fourth round of sanctions against Iran and diplomatic sources have said members of the Revolutionary Guards will be added to the bloc's sanctions list next week. But some EU member states want to go further and classify the Guards as a whole as a terrorist organisation. The European Parliament called on Wednesday for the EU to list Iran's Guards as a terrorist group, blaming the powerful force for the repression of protesters and the supply of drones to Russia.

☆ Marchers in southeast Iran denounce top leader in renewed protests
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +4 min

protesters chanted in reference to Supreme Leader Ayatollah Ali Khamenei in a social media video said to be from Zahedan, capital of Sistan-Baluchistan province. The impoverished province is home to Iran's Baluch minority of up to 2 million people, who human rights groups say have faced discrimination and repression for decades. Separately, a rights group said at least 100 detained protesters in Iran faced possible death sentences. This is a minimum as most families are under pressure to stay quiet, the real number is believed to be much higher," the Norway-based Iran Human Rights group said on its website. Reporting by Dubai newsroom Editing by Hugh Lawson and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Iranian Crackdown on Protests Imposes Economic Toll
▼ + stars: | 2022-10-20 | by ( Sune Engel Rasmussen | ) www.wsj.com time to read: 1 min

The Iranian government’s crackdown on the weekslong protest movement is taking a growing toll on the country’s sanctions-pummeled economy, hitting a broad swath of ordinary citizens, as authorities’ slowdown of the internet has choked vital payment channels for businesses. So far, Iran’s internet restrictions have cost the IT industry and businesses around $24 billion, according to a member of the Tehran Chamber of Commerce, Farzin Fardis, cited by the reformist-affiliated news outlet Entekhab. Mr. Fardis also said that over the past month, up to 700,000 shops selling goods through the social-media app Instagram had closed down.

☆ Investors are fleeing growth names. But one market veteran loves them – and reveals his top picks
▼ + stars: | 2022-10-12 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The market has turned decidedly bearish — as can be seen in a lack of activity among long-only hedge funds, said Wall Street veteran Farzin Azarm. Instead, he's seeing a lot of short selling in the market, particularly in the growth sector. Three stocks he loves Azarm could well be one of the few bulls in an otherwise bearish market right now. Unsurprisingly, he's a fan of growth names. If there's going to be a risk to the upside, it's going to be those names," he said.

☆ This ex-pharmacist spent $22,000 on a startup—now she has a $600,000 'Shark Tank' deal and could make $1 million this year
▼ + stars: | 2022-09-27 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Now, she has two new business partners and a "Shark Tank" deal: During the episode, Barbara Corcoran and Robert Herjavec gave Farzin a combined $600,000 for 10% of Oogiebear. The investors promised to give up half of that equity if the company doesn't hit $400 million in sales within two years. So she took $22,000 from her savings, quit her full-time pharmacist job and founded Potomac, Maryland-based Oogiebear. On Friday's episode of ABC's "Shark Tank," Farzin told investors how far she'd come: Since launching her booger-removal business, Oogiebear had made $15 million in revenue. But Farzin stayed focused on Corcoran and Herjavec, asking them for a combined $600,000 instead.

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