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☆ What to know before you buy a house overseas — and 3 steps to smooth the process
▼ + stars: | 2024-05-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

But it's not a decision one should make on whim; multiple factors can easily complicate the process, experts say. But in most cases, the U.S. buyer will need to open a bank account in the country they're buying real estate. 'Understand what your needs are'It will be important for you to "understand what your needs are," Boisson Aries said. "Buying these direct properties for that purpose is something that comes with far more risks than people realize," he said. And if you do decide to use the property for rental or commercial use, you may have additional tax burdens in that country, Boudreaux said.

Persons: Jude Boudreaux, it's, Boudreaux, Bojan Mujcin, Mujcin, Erin Boisson Aries, Douglas Elliman, Boisson Aries Organizations: Planning, Coldwell, CNBC, Sotheby's Locations: New Orleans, U.S, Barcelona, Costa Brava, Spain

☆ Palantir shares fall 7% on lower-than-expected guidance
▼ + stars: | 2024-05-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Palantir shares fell around 7% in extended trading on Monday after the defense tech firm reported weaker-than-expected guidance. Palantir expects second-quarter revenue to fall between $649 million to $653 million, versus the $653 million expected by LSEG. Palantir reported $105.5 million in net income for the quarter, or 4 cents per share, compared with $16.8 million, or 1 cent per share, in the year-ago quarter. Earlier this year, Palantir signed a $178 million contract with the U.S. Army to help develop a next-generation, field-deployable sensor station. Karp said Palantir conducted more than 660 bootcamps during the first quarter.

Persons: Alex Karp, Palantir, Karp Organizations: Russell Senate, LSEG, U.S . Army Locations: Washington ,

☆ Robinhood says SEC could pursue enforcement actions over its crypto operations
▼ + stars: | 2024-05-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The Securities and Exchange Commission could soon pursue enforcement action against Robinhood , according to the trading firm. Robinhood disclosed in a filing Monday that over the weekend the regulator sent it a warning that upon completion of an investigation the company could be charged. "We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be on both the facts and the law," he said. Shares of the stock initially fell 2% but have reversed. They were recently trading up 1%.

Persons: Robinhood, Dan Gallagher, Robinhood's, Robinhood Crypto Organizations: Securities, Exchange Commission, Robinhood, SEC

☆ McDonald’s earnings miss estimates as diners pull back, Middle East boycotts hit sales
▼ + stars: | 2024-04-30 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

McDonald's reported mixed quarterly results Tuesday as its reorganization weighed on its profit and boycotts hurt its Middle Eastern sales. McDonald's reported U.S. same-store sales growth of 2.5%, missing expectations of 2.6%. A month into the second quarter, McDonald's U.S. same-store sales are roughly flat, executives said. McDonald's said the segment's same-store sales fell 0.2%, marking the first time since the pandemic that one of the chain's divisions reported a same-store sales decline. McDonald's international operated markets segment, which includes Germany and the United Kingdom, reported same-store sales growth of 2.7%.

Persons: McDonald's, Chris Kempczinski, Kempczinski, Ian Borden, we've, Borden Organizations: LSEG, U.S Locations: U.S, Israel, Japan, Latin America, Germany, United Kingdom

☆ Asia's first spot bitcoin and ether ETFs debut in Hong Kong
▼ + stars: | 2024-04-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

Dado Ruvic | ReutersHong Kong on Tuesday launched six spot bitcoin and ether exchange traded funds — becoming the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices. The cryptocurrency ETFs were issued by three Chinese firms — China Asset Management, Bosera Asset Management, and Harvest Global Investments — on the Hong Kong exchange. Spot bitcoin ETFs by ChinaAMC, Bosera HashKey and Harvest were above 3% higher in early trading, but subsequently gave up some gains to trade by about 1.5% higher. The three ether ETFs were trading above 1% in the morning, but fell into negative territory by the late afternoon. The spot crypto ETFs had received regulatory approval under the provision of virtual asset management services, but crypto futures ETFs have been trading on the HKEX since late 2022.

Persons: Dado Ruvic, Bosera, Bitcoin, Antoni Trenchev, Nexo, Trenchev, Han Organizations: Reuters, Tuesday, China Asset Management, Bosera Asset Management, Harvest Global, Hong, Hong Kong's Securities, Futures Commission, ChinaAMC, U.S . Securities, Exchange Commission, CNBC, Stock Exchange of Hong, ., Harvest Global Investments Locations: Reuters Hong Kong, Asia, China, Hong Kong, U.S, Singapore, Dubai, Japan, South Korea, Stock Exchange of Hong Kong

☆ Microsoft invests $1.5 billion in AI firm G42 which faces U.S. scrutiny for China ties
▼ + stars: | 2024-04-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

G42 will run its AI applications and services on the Microsoft Azure cloud service, as well as deploy Microsoft's cloud offerings. The U.S. and UAE governments appeared to be heavily involved in the deal. "Both companies will move forward with a commitment to comply with U.S. and international trade, security, responsible AI, and business integrity laws and regulations," Microsoft said. Gallagher alleges that G42 maintains relationship with blacklisted Chinese firms, such as Huawei, and that it works with China's military and intelligence services. G42 itself has reportedly invested in Chinese firms, including TikTok owner ByteDance.

Persons: Brad Smith, Sheikh Tahnoon bin Zayed Al Nahya, Mike Gallagher, Gallagher, ByteDance Organizations: Microsoft, United Arab, U.S, UAE, U.S ., Chinese Communist Party, Commerce Department, Huawei Locations: Bellevue , Washington, United Arab Emirates, U.S, UAE, China

☆ Oil prices fall for second day as U.S. expects limited Israel response to Iran attack
▼ + stars: | 2024-04-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Iran on April 14 urged Israel not to retaliate militarily to an unprecedented attack overnight, which Tehran presented as a justified response to a deadly strike on its consulate building in Damascus. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)Crude oil futures fell for a second day Tuesday as the U.S. expects a limited response from Israel to an unprecedented air assault by Iran, reducing fears that the Middle East is on the verge of a broader regional war. Four U.S. officials told NBC News they expect an Israeli response to Iran's attack to be limited in scope and most likely to involve strikes on Iranian forces and their proxies outside Iran. Israel's War Cabinet met for several hours Monday to weigh how Israel should response. An Israeli official told NBC News after the meeting that a response may be "imminent."

Persons: ATTA KENARE, Brent, Jorge Leon Organizations: Getty, West Texas Intermediate, U.S, NBC News, Rystad Energy Locations: Persian, Israel, Tehran, Iran, Damascus, AFP

☆ Biotech stocks are ready to break out. They just need one more thing
▼ + stars: | 2024-04-10 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +5 min

While debate rages on about when the Federal Reserve might start cutting interest rates, biotech industry analysts are making the case that the argument for stocks in the sector is growing. Last week, Morgan Stanley analysts noted that it is the months leading up to an initial rate cut when biotech stocks outperform. Morgan Stanley also believes the case for biotech stocks is further reinforced by the financing environment and the outlook for mergers and acquisitions as well as upcoming innovation. The case for innovation Morgan Stanley also favors owning biotech stocks that have a strong drug platform even if the key catalyst of clinical trial data and FDA approvals are farther out. Rhythm ranks among the stocks rated overweight that Morgan Stanley favors in this category.

Persons: Morgan Stanley, Needham, Joseph Stringer, dealmaking, Stringer, erosive, it's, Phathom, GERD, LSEG, Merck, — CNBC's Michael Bloom Organizations: Federal Reserve, Nasdaq, Oncology, Immunology, Phathom Pharmaceutical, Pharmaceuticals, Phathom Pharmaceuticals, LSEG, Drug, Bristol Myers Squibb, Pfizer, Intellia Therapeutics, Rocket Pharmaceuticals Locations: New Jersey

☆ Loads of analysts just hiked price targets for these 6 stocks — giving one 82% upside
▼ + stars: | 2024-04-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Analysts have become more bullish on six stocks from around the world this week, raising their price targets. The price target changes come ahead of the next earnings season covering the first quarter of this year. CNBC Pro screened for global stocks that have received price target upgrades from five or more analysts in the past seven days and have a potential upside of over 25%. MacroGenics Investment banks raised their price target for the biopharmaceutical firm MacroGenics this week, giving the stock upside potential of 83% over the next 12 months. Tuerkcan — one of the most cautious analysts on the stock — has a price target of $22, pointing to upside of 22% for the stock.

Persons: MacroGenics —, Silvan Tuerkcan, Peter Heckmann, DA Davidson, Jared Issacman's, Dan Dolev Organizations: Formula One, Hyundai Motor, CNBC Pro, Leerlink Partners, FactSet, Investment, DA, Visa, MasterCard, U.S, Mizuho Securities, Mar Locations: Korean, Rockville , Maryland, MacroGenics, York

Other analysts saw upside for Coinbase and DoorDash along with Meta Platforms, as the social network builds advertising market share. The firm initiated coverage of DoorDash stock with a buy rating and a $165 per share price target. The analyst reiterated his overweight rating on Tesla stock but lowered his price target slightly to $310 per share from $320. The firm reiterated a buy rating on Meta stock and raised its price target to $585 per share from $550 on Thursday. Meta stock has surged more than 43% in 2024.

Persons: Morgan Stanley, Pamela Kaufman, Kaufman, — Jesse Pound, Mark Zgutowicz, — Brian Evans, Oliver Wintermantel, Wintermantel, Brian Evans, Morgan Stanley's Adam Jonas, Morgan Stanley's, Adam Jonas, Tesla's, Jonas, Tesla, — Brian Evans TSLA, Oppenheimer, Coinbase, Owen Lau, Jefferies, Brent Thill, outgrow Amazon's, Meta, Thill, Erika Najarian, Najarian, BofA's Organizations: CNBC, Jefferies, Bank of America, UBS, Big Four, Meta, Hershey, ISI, Tesla Network, 2Q, Amazon, UBS downgrades Bank of America Locations: Big Four U.S, Hershey, cryptocurrency, Wednesday's, 2H24

☆ Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy
▼ + stars: | 2024-03-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Walgreens on Thursday reported fiscal second-quarter sales that beat Wall Street's expectations, but lowered the high end of its full-year adjusted earnings outlook in part due to a "challenging" retail environment in the U.S. Analysts surveyed by LSEG expect full-year adjusted earnings of $3.24 per share. Walgreens has not provided that guidance since October, when it said it sees $141 billion to $145 billion in sales. aExcluding certain items, including the $5.8 billion non-cash charge related VillageMD, adjusted earnings per share were $1.20 for the quarter.

Persons: Manmohan Mahajan, Tim Wentworth, Mahajan, Wentworth Organizations: Walgreens, Walgreens Boots Alliance, Inc, U.S, LSEG Locations: Manhattan , New York City, U.S

☆ Baltimore port bridge collapse: Global ocean carriers declare 'force majeure,' leaving U.S. companies on hook for urgent cargo pickup
▼ + stars: | 2024-03-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +10 min

"The impact of the Baltimore port stoppage on construction and contractor supply chains may be significant," said William George, director of research for ImportGenius. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. COSCO announced Wednesday morning that its services would "be concluded" once the diverted container arrives at the alternate port. Out of the diverted ports, New York/New Jersey and Savannah, are included. One of the biggest concerns among logistics companies is availability of chassis for both truck and rail to handle the diverted cargo.

Persons: Dali, Francis Scott Key, William George, ImportGenius, Maersk, COSCO, majeure, CGM, Paul Brashier, Brashier, Matt Castle, Robinson, Val Noel, Mike Wilson, Noel, Alan Baer, Baer, Stephen Edwards, Edwards Organizations: Francis Scott Key Bridge, Logistics, CNBC, Baltimore, Evergreen, CMA, ITS Logistics, U.S Department of Transportation, Home Depot, Nike, Walmart, Union Pacific, BNSF, Robinson, DHL, FedEx, Port, DOT's, Rail, TRAC, Freight, Consolidated Chassis Management, USA, Norfolk . Our Midwest Locations: Baltimore , Maryland, Baltimore, The Port, U.S, Port of Baltimore, Target, East, , New York, New Jersey, Savannah, Chicago, Brunswick, Virginia, Charleston, New York, Philadelphia, Norfolk, Wilmington , Savannah, Jacksonville, UAE, Saudi, Doha, India, Bangladesh, NY, Montreal, Port of Virginia, Port

There, at a yet-to-be-announced location along the Gaza shore, they will build and begin to operate a floating dock to receive the aid. Off shore, the Army will build a large floating platform where ships can unload large containers of aid. The brigade’s commander, Army Col. Sam Miller, said about 500 of his soldiers will participate in the mission. The last time the 7th Transportation Brigade did a similar mission to construct a large pier was in Haiti in 2010. Miller said a larger Maritime Sealift Command ship will also be leaving Virginia in the coming days, and will be carrying some of the bigger equipment and more of the steel pier segments.

Persons: James, Joe Biden, Sam Miller, Miller, “, ” Miller, Frank S, Besson, — Organizations: WASHINGTON, U.S . Army, Base, Gaza Health Ministry, U.S, Army, Pentagon, Officials, 7th Transportation Brigade, Defense, Biden, Maritime Sealift Command Locations: Virginia, Gaza, U.S, Eustis, Israel, Matamoros, USAV Monterrey, Haiti, Saturday

☆ McDonald’s and other restaurant chains look to the Sun Belt for growth as population soars
▼ + stars: | 2024-03-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +7 min

The chain's sales are "way stronger" in Texas, Arizona and Florida than in midwestern states such as Indiana and Wisconsin, according to Osanloo. For more mature companies such as McDonald's , it means accelerating new restaurant growth in areas where it's now underrepresented. It isn't just restaurants looking to the Sun Belt for sales growth. In addition to well-known chains, Greider has also seen restaurants with chef-driven name recognition traveling south from New York and Chicago. The chain's sales are growing again, according to Brix Holdings CEO Sherif Mityas, making it an opportune time to expand Friendly's footprint.

Persons: Portillo's, Michael Osanloo, you've, Justin Greider, Macy's, Phillips, Manu Steijaert, Greider, they've, that's, Carbone, Friendly's, Sherif Mityas, Mityas, we're, Christine Barone Organizations: Beef, CNBC, Northeast, Sun, Airlines, Dallas, Phillips Edison & Company, JPMorgan, Grill, Major Food Group, Brix Holdings, Brix, Bros Locations: Kissimmee , Florida, Chicago, Texas, Texas , Arizona, Florida, Indiana, Wisconsin, U.S, Midwest, Charlotte, Phoenix, Houston, Dallas, Fort Worth, Atlanta, Florida , Texas , Arizona, Georgia, North Carolina, New York, Miami, Massachusetts, Mississippi, Minneapolis, Southern California, California, Virginia

☆ Hike tariffs on Chinese EVs, Senate Democrats urge Biden administration
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: +1 min

Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by lawmakers to protect the U.S. auto sector. Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by lawmakers to protect the U.S. auto sector. "Artificially low-priced Chinese EVs flooding the U.S. would cost thousands of American jobs and endanger the survival of the U.S. automotive industry as a whole." Auto industry officials told Reuters last month Biden is considering hiking tariffs on Chinese EVs and the letter is the latest in growing pressure on the White House to take further steps to prevent Chinese vehicle imports. The senators also asked Commerce to focus on the threat from potential imports of "highly connected Chinese vehicles and high-risk China-controlled connected and autonomous technologies."

Persons: Biden, Gary Peters, Debbie Stabenow of, Sherrod Brown, Gina Raimondo, Katherine Tai, USTR Organizations: Reuters, Auto, . Trade, Commerce Locations: U.S, Debbie Stabenow of Michigan, Sherrod Brown of Ohio, China

☆ Existing home sales rose 3% to start the year, but higher mortgage rates are already hurting
▼ + stars: | 2024-02-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. The count is based on closings, so the contracts were likely signed in November and December, when mortgage interest rates backed off their October high of 8%. "Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year." While lower mortgage rates helped boost January sales, today's higher rates are already once again weighing on the market. Correction: The 32% all-cash share of January 2024 home sales was up from 29% in January 2023.

Persons: Lawrence Yun, Yun, It's Organizations: National Association of Realtors, Mortgage News, NAR, Redfin

Its price target of $4,380 suggests nearly 18% upside from Friday's close. "We expect numbers to reset lower (again) with the downward revision a negative catalyst for the multiple, and the margin story likely being pushed out to 2025," wrote analyst Christian Carlino. Analyst Anthony Powell accompanied the move by raising his price target to $204 from $194, implying a potential 15% rally for the stock. The investment firm upgraded the airline stock to market-perform from underperform, boosting its price target to $32 from $26. His price target of $338 per share implies upside of just 5% from Friday's close.

Persons: Bernstein, Evercore, Piper Sandler, Brian Mullan, Mullan, — Jesse Pound, Aaron Kessler, — Michelle Fox, JPMorgan downgrades Holley, Holley, Christian Carlino, Carlino, HLLY, hasn't, — Lisa Kailai Han, AvalonBay, Anthony Powell, Powell, AVB, Lisa Kailai Han, Joshua Shanker, Morgan Stanley, bullish Tesla, Tesla, Adam Jonas, Jonas, Russell Quelch, Quelch, MSCI, Arun Viswanathan, Viswanathan, Rosenblatt, Hans Mosesmann, Mosesmann, Michael Linenberg, Linenberg, David Vernon, David Raso, Raso, Assuredness, Fred Imbert, ~$ ~$ Organizations: CNBC, Airlines, Southwest Airlines, Deutsche Bank, JetBlue, Caterpillar, Foods, . Restaurant, Seaport Research, Booking Holdings Seaport Research Partners, Booking Holdings, JPMorgan, Barclays, Bank of America, AIG, of America, Tesla Network, RBC, Ball Corporation, Markets, Ball Corp, Aerospace, BAE Systems, Ball, Micro Computer, Super Micro Computer, Micro, ASM, Spirit Airlines, Bernstein, Spirit, Boeing Max, ISI, CAT Locations: Southwest, Friday's

A nasty storm with 60 mph winds raked parts of the Northeast on Tuesday creating dangerous conditions on the road and snarling airports. More than 1,200 flights were cancelled before noon, mostly along the East Coast, but that is likely to spread west as the day goes on. Airlines can’t control the weather, but they are still required to provide refunds for customers whose flights are canceled. Airlines usually cancel flights hours or even days before departure time. If lots of flights are canceled, airline agents will soon be swamped.

Persons: Jeff Klee, ”, Kyle Potter, Joe Biden, “, Potter, Kurt Ebenhoch Organizations: Airlines, Twitter, ASK, CheapAir.com, Transportation Department, U.S . Department of Transportation Locations: East Coast, Delta

“I'm focused on the work,” Mayorkas said, “that's what brings me to Las Vegas today.”The Homeland secretary shared the reason for a seven-minute timeout that paused the AFC championship game between the Baltimore Ravens and Kansas City Chiefs on Jan 28. “Super Bowl is a no-drone zone.”Karon Ransom, U.S. Secret Service agent in charge in Las Vegas, put the number of federal law enforcement agents in Las Vegas for the Super Bowl and related events at 750. Clark County Sheriff Kevin McMahill issued a familiar call for people who see something to say something and noted that Las Vegas has hosted a series of recent headline-grabbing events: the Formula One Las Vegas Grand Prix in November; a University of Nevada, Las Vegas shooting in December; New Year's Eve fireworks that drew hundreds of thousands of revelers to the Las Vegas Strip. At least 65,000 people are expected at Allegiant Stadium for the Super Bowl, and Las Vegas tourism officials estimate the number of hotel guests and visitors in the area will top 330,000. Displaying a table piled high with fake sports memorabilia including jerseys, T-shirts, caps and a silver replica of the Vince Lombardi Super Bowl trophy, officials said investigators seized nearly $1 million worth of counterfeit merchandise over the weekend.

Persons: Alejandro Mayorkas, Mayorkas, “ I'm, ” Mayorkas, “, Cathy Lanier, Karon Ransom, ” Spencer Evans, Evans, Kevin McMahill, ” McMahill, Harry Reid, Vince Lombardi Organizations: Vegas, —, NFL, ” League, FBI, Secret Service, Homeland, Allegiant, . House, Biden Administration, AFC, Baltimore Ravens, Kansas City Chiefs, T Bank, Authorities, “, Super, Las, Prix, University of Nevada, Las Vegas Metropolitan Police Department, Harry, Harry Reid International, Customs, Border, Transportation Security Administration Locations: U.S, Mexico, Las Vegas, Pennsylvania, Vegas, Clark County

PEBBLE BEACH, Calif. (AP) — The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises. PGA Tour Commissioner Jay Monahan was holding a conference call with players about the deal that was finalized Tuesday night. Political Cartoons View All 253 Images“By making PGA Tour members owners of their league, we strengthen the collective investment of our players in the success of the PGA Tour,” Monahan, who will be CEO of PGA Tour Enterprises, said in the formal announcement. While specific details of the equity ownership program were not announced, the initial grants would be based on career accomplishments, recent achievements and PGA Tour status. The European tour was part of the framework agreement on June 6, and it has a strategic alliance with the PGA Tour.

Persons: LIV Golf, Jay Monahan, ” Monahan, Marc Attanasio, Arthur Blank, Steven Cohen, Wyc Grousbeck, Tom Werner, John Henry, Marc Lasry, Alec Scheiner, ”, Henry, Woods, Patrick Cantlay, Adam Scott, Jordan Spieth, Webb Simpson, Peter Malnati, Yasir Al, Sen, Richard Blumenthal, Conn, LIV, Dustin Johnson, Brooks Koepka, Phil Mickelson, Bryson DeChambeau, PIF, Jon Rahm, Tyrrell Hatton, ___ Organizations: Strategic Sports Group, Tour Enterprises, PGA Tour, SSG, Associated Press, Washington Post, Public Investment Fund, PGA, SSG —, Tour, Fenway Sports Group, Milwaukee Brewers, Atlanta Falcons, New York Mets, Boston Celtics, Boston Red Sox, Milwaukee Bucks, Cleveland Browns, RedBird, Fenway Sports, PGA Tour Enterprises, Saudi, Monday, PIF Locations: Calif, Saudi, Saudi Arabia, PIF, Mexico

☆ Widening Mideast Crisis U.S. Blames Iran-Backed Militia for Deaths of 3 Soldiers in Jordan
▼ + stars: | 2024-01-29 | by ( Eric Schmitt | ) www.nytimes.com time to read: +8 min

The attack happened at a remote logistics outpost in northeast Jordan called Tower 22 where the borders of Syria, Iraq and Jordan converge. The Pentagon declined to identify the service members who died or their units pending notification of family members. Central Command said it expected the number of injured to “fluctuate” as additional service members sought treatment. It was the latest in at least 164 strikes by Iran-backed militias against U.S. troops in Syria, Iraq and Jordan since the Oct. 7 attacks. It turned out to be a dud, but several service members would most likely have been injured or killed had it exploded, a senior military official said.

Persons: Biden, —, Mr, “, ”, Lloyd J, Austin III, ” Mr, Austin, Yemen —, Gen, Charles Q, Brown Jr, General Brown, Al, Charles Lister, Jordan, Al Tanf, Syria’s, Roger Wicker of Organizations: U.S, Hamas, ”, Pentagon, Command, Central Command, Resistance, Hezbollah, Joint Chiefs of Staff, ABC, Navy, Sunday, Army, Air Force, United, Operations, Middle East Institute, American, Troops, The Defense Department, Al Asad, Al Asad Air Base, Congressional Republicans, Republican, Armed Services Committee Locations: Jordan, Iran, Syria, Iraq, U.S, Israel, Columbia, United States, Lebanese, Yemen, Aden, Gaza, Erbil, Red, Al Tanf, Islamic State, Azraq, Washington, Jordanian, Baghdad, Damascus, Tehran, Lebanon, Al, Al Asad Air, Roger Wicker of Mississippi

☆ Drone Strike Kills 3 U.S. Soldiers in Jordan, White House Says
▼ + stars: | 2024-01-28 | by ( Vivek Shankar | ) www.nytimes.com time to read: +4 min

The attack happened at a small outpost in northeast Jordan called Tower 22 near the Syria border where the troops were based. Other details were not immediately available from the Pentagon’s Central Command, which issued an initial bare-bones statement on Sunday. In 2016, the American military turned Al Tanf into a small base. The Rukban refugee camp, with some 8,000 residents, is near both Al Tanf and Tower 22. Troops at Al Tanf have come under fire before from Iran-backed militias.

Persons: Biden, —, Mr, Al, Al Tanf, Syria’s, Alissa J, Rubin Organizations: U.S, Pentagon’s, Command, Resistance, Hezbollah, United, Operations, Pentagon, Navy, Sunday, American, Troops, The Defense Department, Al Asad, Al Asad Air Base Locations: Jordan, Iran, Gaza, Syria, Israel, Iraq, ”, Iranian, Lebanese, Yemen, Aden, United States, Azraq, Al Tanf, Islamic State, Red, U.S, Baghdad, Damascus, Tehran, Lebanon, Al, Al Asad Air

☆ Iran-Backed Attacks on US Troops in the Middle East Since Oct. 7
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

About 2,500 U.S. troops are stationed in Iraq and 900 in Syria to prevent a resurgence of Islamic State militants. Here is a timeline of major attacks since then:OCT. 18 - U.S. forces in Iraq are targeted in two separate drone attacks. OCT. 19 - U.S. forces in Syria bring down two drones targeting them, leading to some minor injuries. OCT. 26 - An Iran-backed militia launches a drone at an air base that penetrates U.S. air defenses and crashes into the barracks housing American troops but fails to detonate. DEC. 25 - A one-way drone attack in Iraq by Iran-aligned militants leaves one U.S. service member in critical condition and wounds two other U.S. personnel.

Persons: Ahmed Aboulenein, Diane Craft Organizations: WASHINGTON, Sunday, U.S, Islamic, DEC Locations: Jordan, Iran, Iraq, Syria, Gaza, Israel, U.S

☆ Attacks by Iran's militia allies are placing the Biden administration in a bind
▼ + stars: | 2024-01-24 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Attacks against US forces continue despite US warnings and military retaliations in Iraq and Syria. In Syria, the US military targeted facilities used by these militias and Iran's hardline Islamic Revolutionary Guard Corps, IRGC, paramilitary. But as attacks on shipping continued, the U.S. and Britain targeted Houthi positions and weaponry inside Yemen with repeated airstrikes in January.

Persons: —, Biden, Nicholas Heras, Asad, Ryan Bohl, RANE, Bohl, Washington, Lloyd Austin, Heras, Joe Biden Organizations: Service, New Lines Institute, US, Islamic Revolutionary Guard Corps, U.S, U.S . Central Command, East, Screengrab, Ministry of Defense, U.S . Navy, The New York Times, Hamas, Biden Locations: Iran, Iraq, Syria, United States, Baghdad, Gaza, Al, U.S, North Africa, Yemen, Red, Israel, Iranian

☆ U.S. Strikes 3 Sites in Iraq Linked to Militias Blamed for Base Attack
▼ + stars: | 2024-01-23 | by ( Eric Schmitt | More About Eric Schmitt | ) www.nytimes.com time to read: +3 min

The United States on Tuesday carried out military strikes against three facilities in western Iraq associated with Iran-linked militias that American officials say attacked a major base in Iraq on Saturday, according to the Pentagon’s Central Command, injuring at least four U.S. service members. “These precision strikes are in direct response to a series of escalatory attacks against U.S. and coalition personnel in Iraq and Syria by Iranian-sponsored militias,” Defense Secretary Lloyd J. Austin III said in a statement. The attack against Al Asad Air Base in Iraq on Saturday was the latest and the most serious of about 151 such rocket and missile strikes directed at U.S. troops based in Iraq and Syria since Israel’s war against Hamas in Gaza started. Al Asad Air Base, in Iraq’s western desert, is now primarily used by Iraqi forces but still has a U.S. contingent. At least 83 U.S. personnel have suffered injuries in the attacks by militias in Syria and Iraq, including traumatic brain injuries.

Persons: Lloyd J, Austin III, Biden, Austin, Biden “ Organizations: Pentagon’s, Command, Central Command, U.S, ”, Al Asad, Al Asad Air Base, Pentagon, Houthi Locations: States, Iraq, Iran, Iraq’s, Syria, Iranian, Al Asad Air, Gaza, United States, Britain, Yemen, Al, U.S, Kurdish Syrian, Islamic State

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