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☆ India election and economy: Meet the winners of rising power’s boom
▼ + stars: | 2024-05-10 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +14 min

Mumbai, India CNN —As Indians head to the polls in a massive ongoing nationwide election, much attention has focused on the country’s explosive growth under Prime Minister Narendra Modi’s leadership. There is expected to be 740 million active smartphone users in India by 2030, according to EY India. “I wanted to make similar shoes that were printed with ‘Made in India,’” Shah says. After four years of trial and error, Shah Shoes was born. Some 17 years on, Shah Shoes has helped support his family back in Bihar, including six siblings.

Persons: Narendra Modi’s, — Modi, Javed Khatri, Noemi Cassanelli, he’d, Khatri, “, ”, –, ’, Apoorva Mukhija, —, Instagram, Mukhija, ” Mukhija, That’s, she’s, she’d, Jameel Shah, CNN Jameel Shah, Shah, wasn’t, CNN Shah, Kylie Minogue, ” Shah, ‘, ’ ” Shah, Shah Shoes, Priyanka Chopra, Katrina Kaif, He’s, Modi’s Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, EY, World Bank, Facebook Locations: Mumbai, India, “, Bangalore, Silicon, ”, EY India, Dubai, London, California, …, Delhi, Bihar, India’s, Dharavi, Australian

☆ Oil prices up on stronger Chinese data, Middle East conflict
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: +1 min

Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. In the previous session, oil prices edged up to a one-week high on data of rising crude oil imports in China in April and as investors saw the cooling U.S. job market as an indication of possible interest rate cuts. China's exports and imports returned to growth in April after contracting in the previous month, signaling an improvement in demand. "Ongoing signs of strength in demand in China should see commodity market remain well supported," ANZ Research said in a note. Daly did not say if she felt the U.S. central bank was likely or not to cut interest rates this year.

Persons: Brent, Mary Daly, Daly, Benjamin Netanyahu, Joe Biden's Organizations: U.S, West Texas, ANZ Research, San Francisco Federal, Financial Locations: China, Israel, U.S, Rafah, Gaza, Cairo

☆ European companies in China are under pressure from slower growth, overcapacity
▼ + stars: | 2024-05-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Nurphoto | Nurphoto | Getty ImagesBEIJING — European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures increase, according to a survey released Friday by the EU Chamber of Commerce in China. Only 30% of EU Chamber survey respondents said their profit margins were higher in China than their company's worldwide average — an eight-year low. Jens Eskelund EU Chamber of Commerce in China, presidentChina's economy is now far bigger than it was in 2015 and 2016. More than one-third of EU Chamber survey respondents said they observed overcapacity in their industry in the last year, and another 10% expect to see it in the near future. "This is not just European companies whining," Eskelund said.

Persons: Carlo D'Andrea, D'Andrea, Jens Eskelund, Eskelund, overcapacity Organizations: Nurphoto, Getty, EU Chamber of Commerce, EU, of Commerce, U.S, Bureau, Statistics, Cosmetics Locations: Minhou County, Fuzhou, China, BEIJING, Shanghai, Beijing

☆ India’s time zone: Why the world’s most populous country has a unique one
▼ + stars: | 2024-05-09 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +8 min

India’s half-hour zone dates back to colonial rule of India and the era when ever-faster steamships and trains were shrinking the world. The start of the 20th century saw some push from scientific associations to calibrate India’s time to GMT. That recommendation was rejected by the colonial government, which opted for a unified time that sat squarely in the middle: five and a half hours ahead of GMT. In 2015, North Korea moved out of sync with South Korea by creating “Pyongyang Time,” putting the country eight and a half hours ahead of GMT instead of nine. India’s colonial-era time zone decision making, however, reflected a chorus of political, scientific and commercial voices both from within the government and outside of it, Gordon says.

Persons: Hulton, ”, Geoff Gordon, Gordon, “, it’s, Wong Maye, Hugo Chávez, Nicolas Maduro, Terry Gilliam, Rube Goldberg, Maulik Jagnani, Jagnani Organizations: CNN, East India Company, Hulton Deutsch, University of Amsterdam, Madras, Washington D.C, Greenwich Meridian, Greenwich Observatory, Meridian, Royal Society, Prime Meridian, Physical Laboratory, Tufts University, NPL Locations: New York, London, Tokyo, Iran, Myanmar, Australia, India, British, Madras, Chennai, “, Bombay, Kolkata, Washington, London ., Greenwich, North Korea, South Korea, Korea, Pyongyang, Brazil, ”, Greenwich , London, China, Assam, Arunachal Pradesh, Gujarat

☆ Cramer reviews energy drink stocks that have seen declines, but says Celsius is worth buying
▼ + stars: | 2024-05-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday reviewed two major players in the energy drink sector that have seen declines recently: Celsius and Monster . Wall Street has loved this sector in the past, Cramer said, but in March and April the two stocks have "turned ice cold," along with many other growth stocks. But he was optimistic about Celsius' future performance, saying he'd buy the stock over Monster. While tighter inventory from PepsiCo isn't ideal, Cramer said he thinks Celsius will be fine moving forward because the rest of its business is solid. He acknowledged that Celsius stock has started to rebound — finishing up 6.4% on Thursday — but said it's still a good time to buy since it remains down from its highs.

Persons: CNBC's Jim Cramer, Cramer, he'd, I'm, wasn't, —, it's Organizations: PepsiCo

☆ Stock market today: Stocks climb as traders extend Dow's winning streak to 7 days
▼ + stars: | 2024-05-09 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

The Dow rose for a seventh straight session on Thursday. Despite jobless claims coming in higher than the previous week, Citi analysts said the reading was still low. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks accelerated in afternoon trading on Thursday, propelling the Dow Jones Industrial Average to its seventh consecutive day of gains to mark its longest winning streak of 2024. Shares of Caterpillar and Home Depot led the way in powering the Dow Jones higher.

Persons: Dow, —, Dow Jones Organizations: Citi, Service, Dow Jones, Federal, Tech, Apple, Meta, Microsoft, Caterpillar, Home Depot, Dow, Nasdaq Locations: York, Here's

☆ Nicholas Galitzine says he feels like a ‘cut of beef at a meat market’
▼ + stars: | 2024-05-09 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

In an interview with GQ magazine published Wednesday, Galitzine responded to a question about how playing a character who is considered good-looking made him feel. He replied: “I think the most important thing to me is that I’m taken seriously as a performer. FlixPix/AlamyShe said the auditions saw actors choose a song they would play to get Hathaway’s character to dance. She said of his choice: “I heard [the lead singer of Alabama Shakes] Brittany’s voice and I just started smiling. And he [Galitzine] saw me smile, so he relaxed, and we just started dancing.”Galitzine said of the same audition that their connection was “unlike anything [he] had ever experienced.”“We were flying.

Persons: Nicholas Galitzine, ”, Anne Hathaway, Galitzine, “, I’m, it’s, ” Anne Hathaway, Daniel Boczarski, Mary, George ”, Julianne Moore, Hathaway, Hayes Campbell, Harry Styles, Styles, George . FlixPix, ” Galitzine Organizations: CNN, GQ, V Magazine Locations: British, Coachella, Alabama

“If that story was untrue, I would have written it to be a lot better,” Daniels said of her encounter with Trump. “You have a lot of experience of making phony stories about sex appear to be real,” Necheles asked. “You’re celebrating the indictment by selling things from your store,” Necheles asked. “Not unlike Mr. Trump,” Daniels responded. Prosecutor Josh Steinglass said Trump was aware of the “messy details” of the encounter in 2016 and that shows motive for the hush money payment and cover up.

Persons: Donald Trump’s, Stormy Daniels, Susan Necheles, Trump, Daniels, ” Daniels, Juan Merchan, combatively, Necheles, ” Necheles, “, That’s, she’d, “ You’re, Madeleine Westerhout, Westerhout, Rhona Graff, Joe Scarborough, Jeanine Pirro, Serena Williams, Tom Brady, ”, ” Westerhout, Michael Cohen, Melania, Melania Trump, “ Madeline, it’s, Merchan, Todd Blanche, Blanche, ‘, ” Merchan, Trump’s, Josh Steinglass Organizations: CNN, Trump, White, Wing, ” Prosecutors, Daniels, NBC, White House, longtime Trump Organization, Trump Org, ” Trump Locations: New York

☆ Warner Bros. Discovery misses first-quarter estimates despite streaming growth
▼ + stars: | 2024-05-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

In this article WBD Follow your favorite stocks CREATE FREE ACCOUNTIn this photo illustration, the Warner Bros. Here is how Warner Bros. Discovery performed, compared with estimates from analysts surveyed by LSEG: Loss per share: 40 cents vs. 24 cents loss expected40 cents vs. 24 cents loss expected Revenue: $9.96 billion vs. $10.231 billion expected Warner Bros. Warner Bros. While NBCUniversal holds the U.S. rights for the Olympics, airing the games on its TV networks and Peacock streaming service, Warner Bros.

Persons: Rafael Henrique, Discovery, —, Max, Hulu —, I've, David Zaslav, Zaslav, NBCUniversal, Discovery's Max Organizations: Warner Bros, Getty, Discovery, TNT, Justice League, Disney, Hulu, CNBC, Warner Bros . Discovery, Fox Corp, Sports, NBA, Olympics Locations: U.S, Paris, Europe

☆ A whistleblower at Boeing's supplier said he 'almost grew a fear of flying' from working 12 years there
▼ + stars: | 2024-05-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA former employee of Boeing supplier Spirit AeroSystems said he nearly developed a fear of flying because of what he saw during his 12-year stint inspecting aircraft fuselages there. "Working at Spirit, I almost grew a fear of flying," said Paredes. Paredes told CBS that he once sent an email pushing back against his managers' requests to speed up inspections and then was removed from his leadership position. Spirit AeroSystems did not immediately respond to a request for comment outside regular business hours by Business Insider.

Persons: —, Spirit AeroSystems, Santiago Paredes, Paredes, Kris Van Cleave, Spirit, John Dean, Max, AeroSystems Organizations: Service, Boeing, Spirit, CBS News, Business, CBS, Alaska Airlines, Federal Aviation Administration, National Transportation Safety, BBC, BI Locations: Wichita, Spirit's Wichita

☆ Americans are shopping less but they’re still spending on flights, hotels and Disneyland
▼ + stars: | 2024-05-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Consumers may be fed up with high prices at the store, but they’re still willing to splurge on travel. Other key players in the travel industry have reported a similar trend this earnings season. Americans, especially lower-income consumers, have pulled back spending at retailers as goods inflation outpaces wage growth. They’ve even become frugal with some experience-based spending like dining out, opting instead to eat at home. “We saw a healthy but more normalized market environment for travel globally,” CEO Peter Kern told analysts on May 2.

Persons: they’re, ”, Hugh Johnston, it’s, Ed Bastian, Kathleen Oberg, “, Peter Kern, ” FTX, FTX, Sam Bankman, Fried, Olesya Dmitracova, Read, Tesla, Anna Cooban, André, Elon Musk’s Organizations: CNN Business, Bell, New York CNN, Delta Air, ” United Airlines, Marriott International, Marriott, Disney, Expedia Group, Alameda Research, CNN, RTL Locations: New York, Hong Kong, California, Florida, Alameda, Berlin, Germany, Europe

☆ Bank of England set to hold rates as Europe's central banks diverge from Fed
▼ + stars: | 2024-05-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Variegated tulips planted in flower beds opposite the Bank of England in the City of London on 7th May 2024 in London, United Kingdom. =LONDON — The Bank of England is set to hold interest rates steady at its Thursday meeting, with traders expected to pore over the details of Governor Andrew Bailey's statement as anticipation builds for a potential summer rate cut. The BOE's Monetary Policy Committee is widely expected to keep the Bank Rate at 5.25%, with an announcement due at midday. The latest March meeting saw eight votes to keep rates steady and one to cut. It's going to reach target pretty soon, and that will put the Bank under a lot of pressure to start normalizing policy."

Persons: Andrew Bailey's, Bailey, Francesco Garzarelli, Garzarelli, CNBC's, There's Organizations: Bank of England, Eisler Capital, Bank Locations: City of London, London, United Kingdom

☆ Weekly jobless claims jump to 231,000, the highest since August
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +2 min

Initial filings for unemployment benefits hit their highest level since late August 2023 in a potential sign that an otherwise robust labor market is changing. Also, job openings have been declining amid expectations that the labor market is likely to slow through the year. The four-week moving average of claims, which helps smooth out weekly volatility in numbers, increased to 215,000, up 4,750 from the previous week. "One week does not a trend make, but we can no longer be sure that calm seas lie ahead for the US economy if today's weekly jobless claims are any indication." Markets reacted little to the jobless claims release, with stock market futures slightly negative and Treasury yields mixed.

Persons: Dow Jones, Christopher Rupkey, Robert Frick Organizations: Labor Department, Navy Federal Credit Union Locations: New York

☆ Apple Says Destructive iPad Ad ‘Missed the Mark’
▼ + stars: | 2024-05-09 | by ( Tripp Mickle | More About Tripp Mickle | ) www.nytimes.com time to read: +1 min

Apple doesn’t make mistakes often and seldom apologizes, but on Thursday, its head of advertising said the company had erred in making a new iPad commercial that showed an industrial compressor flattening tools for art, music and creativity. “Creativity is in our DNA at Apple, and it’s incredibly important to us to design products that empower creatives all over the world,” said Tor Myhren, the company’s vice president of marketing communications, in a statement provided to the publication AdAge. “Our goal is to always celebrate the myriad of ways users express themselves and bring their ideas to life through iPad. We missed the mark with this video, and we’re sorry.”Mr. Myhren said Apple would no longer run the ad on TV. They found the crushing of a trumpet, piano, paints and a sculpture particularly unnerving at a time when artists fear that generative artificial intelligence, which can write poetry and create movies, might take away their jobs.

Persons: ”, Tor Myhren, Mr, Myhren Organizations: Apple, Big Tech

☆ Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demand
▼ + stars: | 2024-05-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Home prices are falling in parts of Florida and Texas even as they soar nationally. Sale prices only dropped in 15 of 221 metro areas last quarter, and five were in those states. High prices, steeper mortgage rates, and supply catching up with demand help explain the declines. AdvertisementHome prices are falling in parts of Florida and Texas as buyers tap out and supply catches up with demand. AdvertisementThe takeaway is that a combination of sky-high prices, steeper mortgage rates and other costs like insurance squeezing buyers' budgets, and supply catching up with demand has resulted in prices flatlining or falling in parts of Florida and Texas, bucking the national trend.

Persons: —, Fort Myers, Redfin, Coral Organizations: Service, National Association of Realtors, Fort, Fort Walton, Austin, Rock, NAR, Panama City, Homeowners, Federal Locations: Florida, Texas, Panama City, Crestview, Fort, San Antonio, New Braunfels, Lac , Wisconsin, Illinois, Kankakee, Rockford, Champaign, Urbana, Austin, Panama

☆ At Home With Faith Popcorn: Interior Design Tour
▼ + stars: | 2024-05-09 | by ( Joanne Kaufman | Katherine Marks | ) www.nytimes.com time to read: +1 min

Faith Popcorn, thought leader, trend-spotter and flamboyant futurist, never saw townhouse ownership in her own future. Popcorn (originally Plotkin) was living in a small studio apartment with a Murphy bed, a rental turned co-op. She felt wonderfully comfortable there — until a friend from California, who “had this gorgeous place in Beverly Hills,” came to visit. Popcorn recalled. These days, she works from home: The Upper East Side townhouse she bought in 1995 serves as home and headquarters.

Persons: Plotkin, Murphy, “, ”, Popcorn, Willie Nelson Organizations: PepsiCo, Home Depot, Pfizer, American Express, Comcast Locations: California, Beverly Hills

☆ A port-in-the-storm trade if the consumer continues to get pinched by rates and inflation
▼ + stars: | 2024-05-09 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

The consumer, making up 70% of the U.S. economy, is being hit by higher interest rates and sticky inflation. Consumer spending, also known as personal consumption expenditures (PCE), typically represents about two-thirds of the U.S. GDP. While that is attributed to easing consumer demand for EVs, dealer inventories of ICE vehicles have recovered significantly since the pandemic. Away from consumer discretionary and towards consumer staples. The Consumer Staples Select Sector ETF (XLP) is trading 21 times trailing earnings and about 19.6 times forward earnings estimates versus 25.7 times trailing and 22.83 times forward for the Consumer Discretionary Select Sector Index.

Persons: there's, Tesla, Power Organizations: Starbucks, Investors, PPI, CPI, Federal Locations: U.S

☆ Plane skids off runway in Senegal, injuring at least 10
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +1 min

Boeing 737 of Transair en route to Bamako skids off runway at Dakar International Airport in Senegal on May 09, 2024. A plane with dozens of passengers skidded off a runway before takeoff at Senegal's main airport on Thursday, injuring at least 10 people and bringing the facility temporarily to a halt, the airport and Senegalese transport ministry said. Night-time videos shared on social media showed passengers running away from a plane whose left wing appeared to be on fire. The airport said 78 passengers were on board and 11 people were wounded in the accident, including four serious injuries. The transport ministry said the plane was carrying 79 passengers and reported 10 people were wounded, including one of the plane's two pilots.

Persons: Blaise Diagne Organizations: Boeing, International, Air Senegal Locations: Bamako, Senegal, Mali

☆ Airbnb's customers keep complaining about the costs compared to hotels. The company seems to be listening.
▼ + stars: | 2024-05-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewWhen Airbnb started, CEO Brian Chesky said its tagline "was a cheap, affordable alternative to a hotel" — but customers aren't finding it so cheap anymore. Customers have complained on social media about the rising cost of Airbnb due to booking costs and cleaning fees. Advertisement"A year and a half ago, we noticed that, you know, there was a lot of concern about Airbnb prices increasing," Chesky said. According to the CEO, two million hosts now use the compare listing. Chesky also said Airbnb started offering monthly and weekly discounts for guests with longer stays.

Persons: —, Airbnb, Brian Chesky, you've, Chesky, it's Organizations: Service, Business

☆ Chad’s Military Ruler Is Announced as Winner of Disputed Election
▼ + stars: | 2024-05-09 | by ( Ruth Maclean | More About Ruth Maclean | ) www.nytimes.com time to read: +1 min

Celebratory gunshots rang out in the capital of the Central African nation of Chad on Thursday night after its military ruler, President Mahamat Idriss Déby, was declared the winner of a highly scripted presidential election on national television. Two hours before the official broadcast, a “resounding victory” had been claimed by his main challenger, Succès Masra, the opposition leader who has been the country’s prime minister since January, after he returned from exile abroad and made a deal with Mr. Déby. But the preliminary results announced by Chad’s National Elections Management Agency depicted a resounding victory for the other side. Mr. Déby, it said, won 61 percent of the vote, and Mr. Masra 18.5 percent. Many analysts saw the result of Chad’s election as a foregone conclusion, and one that had been masterminded by a supposedly transitional government that never had any intention of relinquishing power.

Persons: Mahamat Idriss Déby, ”, Succès Masra, Déby Organizations: Central, Mr, Chad’s National Elections Management Agency Locations: Central African, Chad

☆ Satellite imagery shows Palestinians fleeing Rafah’s tent cities as threat of major attack looms
▼ + stars: | 2024-05-09 | by ( Paul P. Murphy | ) edition.cnn.com time to read: +3 min

A satellite image shows tent camps in Rafah, Gaza, on May 5. Planet Labs, PBC A satellite image shows tent camps in Rafah, Gaza, on May 8. Planet Labs, PBC Satellite images show tent camps in Rafah, Gaza, on May 5 and May 8. Planet Labs, PBC A satellite image shows tent camps in Rafah, Gaza, on May 8. Planet Labs, PBC Satellite images show tent camps in Rafah, Gaza, on May 5 and May 8.

Persons: Benjamin Netanyahu, Joe Biden, shockwaves, Netanyahu, Gazans, Al Mawasi Organizations: CNN, Planet Labs, PBC, United Nations, Israel Defense Forces Locations: Rafah, Gaza, Israel, Al, Rafah –

☆ CCTV footage from a British museum shows thieves on e-scooters making off with Bronze Age artifacts worth $275,000
▼ + stars: | 2024-05-09 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

Thieves riding e-scooters stole two Bronze Age artifacts from the Ely Museum, police say. The stolen items, a gold torc necklace and bracelet, were among the museum's "most prized" objects. AdvertisementAuthorities are hunting for two people who stole 3,000-year-old gold artifacts from a museum in England. Cambridgeshire police said in a statement that thieves stole a gold torc necklace and a gold bracelet dating from the Bronze Age from the Ely Museum on Tuesday. A gold bracelet stolen from the Ely Museum.

Persons: —, Ellie Hughes, Hughes, Detective Kiri Mazur, " Mazur Organizations: Ely Museum, Service, Authorities, . Police, Business, Combridgeshire, BBC, Grange Locations: Cambridgeshire, England

☆ How $65 billion Marshall Wace is turning into the hedge funds it's criticized
▼ + stars: | 2024-05-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

There's a split internally at $65 billion Marshall Wace. The 27-year-old London-based hedge fund, founded by Paul Marshall and Ian Wace, has prided itself on its collaborative culture. Multi-strategy mightThe culture shift at Marshall Wace is just the latest ripple effect to come from the vast expansion of power, assets, and clout of the largest multi-strategy hedge funds. For Marshall Wace, that looks like a charge that can be up to 0.75% of the $22.4 billion Eureka fund's value — more than $150 million — on top of the set management fees and variable performance fees the firm already charges. A person close to the firm said that certain people still have access to aggregated positions, but the restriction helps Marshall Wace manage "complexity and confidentiality" as the manager continues to grow.

Persons: Marshall Wace, Paul Marshall, Ian Wace, Marshall, George Soros, It's, Marshall Wace's, You've, Dan Schatz, Ruchit, Jaime Brandwood, Derek Rosenthal, Marshall's Organizations: Business, BNP, Eureka, Citadel, Ruchit Puri Locations: London, Citadel, New York, Singapore, Shanghai, Hong Kong, Eureka

☆ Stocks making the biggest premarket moves: Planet Fitness, Warner Bros Discovery, Yeti, Airbnb and more
▼ + stars: | 2024-05-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Quarterly revenue was $248 million, versus the $249.5 million expected from analysts polled by FactSet. Klaviyo guided for second-quarter revenue of $211 million to $213 million, higher than the $210 million expected from analysts polled by LSEG. AppLovin reported earnings per share of 67 cents, versus the 57 cents expected from analysts polled by LSEG. Bumble reported earnings per share of 19 cents, versus the 7 cents expected from analysts polled by FactSet. Adjusted earnings per share were 7 cents, versus the 6 cents expected.

Persons: Revenue, Klaviyo, AppLovin, AMC's, Duolingo, LSEG . Bumble —, Bumble, Warby Parker, Warby, Roblox, —, Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin Organizations: FactSet, Warner Bros, LSEG, postmarket, Revenue, AMC, FactSet . Revenue, Wall Locations: British

☆ Biden’s threat to halt weapons deliveries sparks anger and infighting among Israeli officials
▼ + stars: | 2024-05-09 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

The comment from Biden to CNN is a major setback for Israel’s war. The US is by far Israel’s most important and most powerful ally, and without its support, Israel’s firepower and ambitions in Gaza would be weakened. Despite mounting international pressure, the Biden administration has stood firmly with Israel, delivering weapons and other forms of support. Biden comments have sparked significant anger among some Israeli politicians. Other top Israeli officials also criticized Ben Gvir.

Persons: Joe Biden’s, Biden, CNN’s Erin Burnett, Gilad Erdan, Benjamin Netanyahu, ”, Netanyahu, Miki Zohar, Itamar Ben Gvir, Hamas ❤️ Biden, Isaac Herzog, Ben Gvir, Yair Lapid, Merav Michaeli, “ Netanyahu Organizations: CNN, United Nations, Likud, Twitter, National Security, Hamas, Yesh, IDF, Israeli Labor Party Locations: United States, Israel, Rafah, Gaza, State

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