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☆ The US spent so much time fighting insurgents that it forgot 'what it means to actually fight a war,' a US vet in Ukraine says
▼ + stars: | 2024-05-02 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +9 min

Read previewAn American veteran who fought in Ukraine said the US military spent so long focused on fighting insurgents that it forgot "what it means to actually fight a war." Libkos/Getty Images"We've gotten so used to the idea of just fighting guerilla wars and fucking fighting terrorists and everything else that we kind of forgot what it means to actually fight a war," he said. Some Ukrainian soldiers trained abroad said the training they received was not suited to the kind of fighting needed for this war. Ukraine is fighting in conditions very different from what the US and its NATO allies have fought through in recent decades. He said that fighting to clear Russian trenches made him feel like he was "fighting World War I."

Persons: —, Libkos, it's, I've, haven't Organizations: Service, Business, NATO, Russia, Army, REUTERS, State Emergency Service, US, US Army Locations: Ukraine, Iraq, Afghanistan, Kharkiv, Bakhmut, Europe, Russia, China, Ukrainian, Ukraine's Kharkiv, readying, Avdiivka, Ukraine's Donetsk

☆ A crypto bigwig dropped $1.5M on a watch from the Titanic as a gift for his wife
▼ + stars: | 2024-05-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

FTX's former head of Europe bought the most expensive Titanic relic ever auctioned. The gold watch sold for $1.5 million, and belonged to John Jacob Astor IV. Gruhn is a German crypto law veteran who formerly served as the head of FTX Europe. Gruhn is now readying the launch of a new crypto trading venue called Perpetuals, and said he plans to restart FTX Europe under a different name. "From all the facts it was clear that FTX Europe did not and couldn't know about the fraud from SBF," he said.

Persons: John Jacob Astor IV, Gruhn, —, Patrick Gruhn, Henry Aldridge, Astor, Andrew Aldridge, wasn't, Sam Bankman, Fried Organizations: Service, Titanic, titans, Henry Aldridge & Son Locations: Europe, German, America, United States, Gruhn

☆ Opinion: $95 billion Israel-Ukraine aid package gives Biden huge leverage. He should use it
▼ + stars: | 2024-04-26 | by ( Opinion Mark Hannah | ) edition.cnn.com time to read: +8 min

CNN —The $95 billion military aid package President Joe Biden signed Wednesday was a feat of tough-minded negotiation to get funding to Ukraine and Israel after months of congressional horse-trading. But if the aid inflates those countries’ war aims, it could discourage the kind of tough-minded negotiation that is the only way to end their wars. The new infusion of aid gives the US a lot of leverage with Ukraine and Israel. However, the recent aid package includes long-range missiles, or ATACMS, which suggests Ukraine is readying an offensive against Crimea. In Israel, putting conditions on military aid is a better idea.

Persons: Mark Hannah, Joe Biden, Mark Hannah Biden, Benjamin Netanyahu, ”, Mark Milley, “, —, Israel, Biden, George W, Bush, Putin, Ukraine’s, Biden judiciously, Netanyahu, Henry Kissinger, Golda Meir, Kissinger, ” Kissinger, Russia shouldn’t Organizations: Institute for Global Affairs, Eurasia Group, CNN, Wednesday, Joint Chiefs of Staff, Palestinian Authority, Abrams Tanks, Crimea, Israel, Twitter Locations: Ukraine, Israel, Crimea, Washington, Ukrainian, Russia, Gaza, United States, Kippur, Tel Aviv, Soviet

☆ As hush money trial begins, Trump hits the trail in North Carolina
▼ + stars: | 2024-04-20 | by ( Steve Contorno | ) edition.cnn.com time to read: +5 min

Appearing in Greensboro, North Carolina ahead of the state’s primary last month, Trump remarked on his legal peril at length. Nikki Haley managed to win support from 23% of Republican primary voters in North Carolina, with many in Trump’s party saying they could not overlook the vast legal challenges he faces. “Polling shows the American people see right through the Stalinist tactics employed by Crooked Joe and his allies,” Trump campaign spokeswoman Karoline Leavitt told CNN in a statement. Without cameras inside the courtroom, Trump has also challenged the narratives that have emerged from those watching the proceedings. I’m supposed to be in North Carolina, South Carolina.

Persons: Donald Trump, Trump, Michael Cohen, baselessly, ”, ” Trump, Nikki Haley, Joe Biden, don’t, Crooked Joe, Karoline Leavitt, Judge Juan Merchan, “ I’m, I’m, I’ve, Joe Biden’s, Trump’s, ” Leavitt Organizations: CNN, Trump, Manhattan, Attorney’s Office, Department of Justice, South Carolina Gov, Republican, GOP Locations: Manhattan, North Carolina, Wilmington, Charlotte, New York, York, Greensboro , North Carolina, New Hampshire, Georgia, South Carolina

☆ Stocks making the biggest moves midday: United Airlines, Travelers, Abbott Laboratories and more
▼ + stars: | 2024-04-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.

Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, —, Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China

☆ US says Iran readying as many as 100 cruise missiles for possible strike on Israel, reports say
▼ + stars: | 2024-04-13 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

The US expects Iran will carry out a number of strikes on Israel. 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 . One of the people said that US officials believe Iran could be readying as many as 100 cruise missiles for an attack, the report said. This story is available exclusively to Business Insider subscribers.

Persons: Joe Biden, Israel, — Organizations: Islamic Revolutionary Guard Corp, Service, CNN, ABC News, Business Locations: Iran, Israel, Syria

☆ Opinion: Caitlin Clark is still the GOAT, but she’s not the only one
▼ + stars: | 2024-04-08 | by ( Opinion Amy Bass | ) edition.cnn.com time to read: +12 min

This year’s women’s tournament just kept getting better with every turn. That intensity is proof positive that women’s basketball has exploded. The valuation of the college game, too, is on a meteoric rise. Caitlin Clark talks with the media after Iowa's loss to South Carolina in the 2024 NCAA Women's Basketball Tournament National Championship on April 7. “I want to personally thank Caitlin Clark for lifting up our sport… she carried a heavy load,” Staley said.

Persons: Amy Bass, Read, CNN —, Georgeann Wells, Ashlyn Watkins, Rodney Bedsole, Caitlin Clark, There’s, Tara VanDerveer’s, Geno Auriemma, Rebecca Lobo, Renee Montgomery, Kerry Bascom, Sue Bird, Diana Taurasi, Maya Moore, Breanna Stewart, Dawn Staley, Pat Summit’s Lady, Clark, Kamilla Cardoso, Staley, It’s, Aaliyah Edwards, Cardoso, Paige Bueckers, Watkins, Angel Reese, We’ve, Reese, Stewart, Taylor Swift, –, ’, Clark pandemonium –, Jason Sudeikis, Steph Chambers, MiLaysia Fulwiley, Tessa Johnson, ” Staley, Stanford’s Cameron Brink, Tennessee’s Rickea Jackson, Edwards, “, Serena Williams, ” Reese, ” Kamilla Cardoso, Gregory Shamus Organizations: Manhattanville College, CNN, University of Charleston, Iowa, NCAA, Louisiana Tech, Cheyney, Nykesha, CBS, Pat Summit’s Lady Vols, Tennessee, Auriemma’s Huskies, Gamecocks, US Women’s National, WNBA, Seattle, LSU, UConn, MLB, NHL, MLS, ESPN, Getty, North, Vogue, South Carolina Gamecocks, Indiana Fever, Las Vegas Aces, Fever, Mobile, South Carolina Locations: West Virginia, South, Stanford, South Carolina, Iowa, North America

Banners at the protests called on the Prime Minister to resign and for Israel to hold new elections. Thousands gathered in Jerusalem on Sunday to call for Netanyahu to step down. “They stood outside the Kirya (the Israel Defense Forces headquarters in Tel Aviv), screamed their souls out, and nobody heard. Sunday’s demonstration outside the Knesset, Israel’s parliament, in Jerusalem was dispersed by force, but protesters appear to be readying themselves for more protests. The US and Israel are set to hold a virtual meeting on Rafah today, a US official told CNN.

Persons: Benjamin Netanyahu, Netanyahu, “ You’ve, ”, Ilan Rosenberg, Ronen Zvulun, Israel, Aviva Siegel, ” Siegel, Yair Lapid, “, ” Lapid, Israel papered, Benny Gantz, CNN’s Xiaofei Xu, Mohammed Tawfeeq, Gul Tuysuz, Arlette Saenz Organizations: Jerusalem CNN, Hamas, Reuters Police, Aviva, Israel Defense Forces, CNN, Israel’s, Israeli Locations: Jerusalem, Tel Aviv, Israel, Gaza, United States, Washington, Rafah, Gaza’s, Egypt

☆ Stock futures rise as Wall Street readies for the start of the second quarter: Live updates
▼ + stars: | 2024-03-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures rose slightly on Sunday evening as Wall Street prepared for the start of the second quarter. Futures tied to the Dow Jones Industrial Average added 110 points, or 0.3%, while S&P 500 futures and Nasdaq-100 futures gained 0.3% and 0.5%, respectively. The personal consumption expenditures price index, released Friday during the market closure for Good Friday, showed inflation rose 2.8% in February, which is in line with expectations. The inflation gauge closely watched by the Federal Reserve also rose 0.3% from a month ago, the Commerce Department said. Ongoing bets on artificial intelligence stocks and tailwinds from Nvidia have continued powering the market higher in the new year after a strong 2023.

Persons: Giuseppe Sette, Ryan Detrick Organizations: Dow Jones, Nasdaq, Federal, Commerce Department, Fed, Dow, Nvidia, Federal Reserve, Carson Group

☆ In Praise of Tiny Triumphs
▼ + stars: | 2024-03-30 | by ( Melissa Kirsch | ) www.nytimes.com time to read: +1 min

Spring arrives, and with it, a semi-annoying, semi-invigorating mandate to spring clean — to clear out spaces both physical and psychological. Because I am constantly looking for reasons to get rid of old things, old ways of thinking and being that have outstayed their usefulness, I’m drawn to spring cleaning as an annual rite. But because I am also constantly reckoning with a pesky sense of dread regarding obligations of any size, I also find the concept of spring cleaning over-ambitious and intimidating. and panic (it’s that time of year and, once again, I have waited too long to call the accountant!). Then she mentioned how accomplished she felt after sewing a button on a shirt to ready it for the sale.

Persons: I’m

☆ As Trump blasts NATO allies for not paying for defense, these front-line countries are readying for war
▼ + stars: | 2024-03-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

But as Russia's bloody war in Ukraine enters its third year, and the threat to NATO countries, particularly those on Russia's borders, grows, the Baltic states are investing in their defense more than ever. Shawn CooverThe talk came just on the heels of Trump's most recent attack on NATO members who he deems aren't paying their 'fair share." Last week, the former president said that he would keep the US in NATO should European countries pay and "play fair." He said the US "was paying 90% of NATO," and that without the US, NATO "literally doesn't even exist." "We've reinstated conscription, so we're building up our armed forces," an unpopular move that Latvian President Edgars Rinkēvičs is pushing other NATO members to do, too.

Persons: —, Donald Trump, Margus Tsahkna, Vladimir Putin, Tsahkna, Shawn Coover, Trump, ALAIN JOCARD, Olaf Scholz, Emmanuel Macron, isn't, Macron, Krišjānis Kariņš, Kariņš, Thomas Wiegold, We've, Edgars Rinkēvičs, Rinkēvičs Organizations: Service, NATO, Business, Hudson Institute, Washington DC, Estonian, US Marine Corps, Staff, Getty, Latvian, Financial Times Locations: Ukraine, Baltic, Washington, Lithuania, Latvia, Estonia, Russia, Russian, China, Europe, NATO, Poland, estonian, Rakvere, AFP, Baltics, France, Germany, Russia's, Greece, Belarus, Finland, Romania, Hungary

☆ ‘Alarm bells are ringing’: Poland’s president says NATO must urgently ramp up defense spending
▼ + stars: | 2024-03-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Polish President Andrzej Duda speaks to members of the media following a meeting with U.S. President Joe Biden at the White House on March 12, 2024 in Washington, DC. Kevin Dietsch | Getty ImagesPolish President Andrzej Duda said Monday that NATO must urgently increase its defense spending to ensure it does not become the next target of a Russian attack. Duda said it was therefore more critical than ever to ramp up the alliance's military investment, describing his increased spending targets as "common sense." The Polish president, whose country shares a land border with Ukraine, has spearheaded calls to supply weapons to Kyiv since the onset of Russia's full-scale invasion. During a meeting with U.S. President Joe Biden last week, Duda called for NATO to raise its minimum military spending target to 3% of GDP to further strengthen the alliance's defenses.

Persons: Andrzej Duda, Joe Biden, Kevin Dietsch, Duda, Vladimir Putin, CNBC's Steve Sedgwick, Donald Tusk, Tusk, Putin, it's Organizations: U.S, White, Getty, NATO, CNBC, Polish, U.S . House Locations: Washington , DC, Moscow, Ukraine, Poland, U.S, Sweden, Congress, Russia

☆ Legal consequences are harsh and painful when they finally arrive in Trump’s orbit
▼ + stars: | 2024-03-19 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Multiple insurance firms have balked at Trump’s attempt to finance the bond based on the value of his real estate assets. As always with Trump, there is a legal front and a political one. His claims are inaccurate but appear to be politically effective among his supporters who revile political and legal elites in Washington. Therefore, there are good reasons why James – a Democrat – may seek other legal remedies to secure the judgment. Although his case is historic, Navarro is far from the only ex-Trump associate to serve time in jail.

Persons: Donald Trump, Peter Navarro, ’, readying, Trump, —, Trump’s, Andrew McCabe, CNN’s Wolf Blitzer, Judge Arthur Engoron, Letitia James, “, ” James, He’s, Jean Carroll, Joe Biden, Cohen, James, he’s, James –, Democrat –, Hunt, ” Trump, Navarro, Navarro Monday, John Roberts, Roberts, Barrett Prettyman, Anna Moneymaker, ”, Sam Mangel, ” Navarro, Paul Manafort, CNN’s Kristen Holmes, Manafort, Robert Mueller’s Organizations: CNN, Trump, Trump Organization, FBI, New York, ABC, Oval, GOP, Black, Democratic, White, Democrat, Republican, Getty, of Prisons, White House, Republican National Convention, Washington Post Locations: New York, Trump, Manhattan, Washington, United States, Washington , DC, Miami, Milwaukee, Robert Mueller’s Russia

☆ The US Army has its eyes on the Arctic and is readying soldiers for the cold, unforgiving wastes that could be their next battlefield
▼ + stars: | 2024-03-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

AdvertisementThe two-week JPMRC Alaska training exercise involved over 8,000 troops from the 11th Airborne Division, as well as international allies and partners. Brandon VasquezBack in 2021, the US Army released its new strategy on regaining Arctic dominance, leading to the reorganization of its Alaskan forces and priorities. AdvertisementAll Arctic nations are keeping an eye on what could be seen as increased access to energy, minerals, and resources in the Arctic. AdvertisementU.S. Army Soldiers assigned to the 11th Airborne Division patrol on snow machines during the Joint Pacific Multinational Readiness Center 24-02 exercise at Donnelly Training Area, Alaska, Feb. 17, 2024. For that reason, the Army appears to be encouraging its Arctic soldiers to be creative and able to adapt to whatever conditions or situations they might encounter.

Persons: —, Col, Sean Lucas, JPMRC, Brandon Vasquez, Spc.Wyatt Moore, Abreanna Goodrich, China —, I've, Zachary Burns, Sammantha Ohm, Joseph Gaskin Organizations: US, Army, Service, US Army Pacific's, Pacific Multinational Readiness Center, Business, 11th Airborne Division, U.S ., 1st Infantry Brigade Combat Team, Airborne Division, Pacific Multinational Readiness, U.S, US Army, U.S . Army, 3rd Battalion, 509th Parachute Infantry Regiment, 2nd Infantry Brigade Combat Team, 11th Airborne, Donnelly Training, Public Affairs Detachment, National Intelligence, Spc, Department of Defense, Army Spc, 5th Squadron, 1st Calvary Regiment, Delta Co Locations: Russia, China, Fairbanks , Alaska, Alaska, Hawaii, U.S, Utqiagvik, Soviet Union, Canada, Denmark, Russian, JPMRC

Trump campaign officials are finalizing a takeover of the Republican National Committee this week and looking to expand their field operation. Biden and Trump will each hold events in Georgia on Saturday, a week after they did simultaneous U.S.-Mexico border trips in Texas. The Biden campaign and the Democratic National Committee have vastly outraised Republicans so far. The Biden campaign reported $56 million on hand at the end of January, according to federal disclosures, while Trump’s campaign reported a balance of $30.5 million. Asked what he thinks about the prospects of flipping New York to Trump, LaCivita laughed and said, “I do what the boss says.

Persons: — Joe Biden, Donald Trump, Biden's, Trump, Biden, Marjorie Taylor Greene, Biden blistered Trump, ”, ” Trump, skewering Biden, it’s, “ We’re, Hillary Clinton, Dan Kanninen, ” Kanninen, Barack Obama, Sean McEnerney, Kanninen, “, ’, Chris LaCivita, we’ll, ” LaCivita, LaCivita, Lara Trump, Michael Whatley, That's, LaCivita's, buildout, ___ Weissert, Jill Colvin Organizations: ATLANTA, Trump, Biden, Republican National Committee, Republican, firebrand, Democratic, Republican National, Democratic National Committee, Republicans, RNC, Florida, Democrats, North, DNC, New, Associated Press Locations: Georgia, Mexico, Texas, Atlanta, U.S, Ukraine, Israel, Arizona , Florida, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Florida, North Carolina, Nevada, Arizona, Spanish, Maryvale, Phoenix, Virginia, Houston, Jacksonville , Florida, York , California, New York , California, Montana, New York, Trump, Washington, Palm Beach , Florida

☆ Opinion: A wildfire destroyed the tree I planted seven decades ago — and with it my hope for the future
▼ + stars: | 2024-03-02 | by ( Ariel Dorfman | ) edition.cnn.com time to read: +6 min

Santiago, Chile CNN —How do we mourn the death of one solitary tree, when whole forests burn down? I planted it almost three quarters of a century ago, when I was just 7 years old. If I never kept that promise to my tree, it was never far from my mind as the years passed. In all likelihood, that tree, planted by me as a child, has now been reduced to cinders. It’s a reminder to pay homage and give thanks to each and every tree that succumbs to this climate debacle.

Persons: Ariel Dorfman, Ariel Dorfman Les Todd, Salvador Allende, Augusto Pinochet’s, Patricia Araya Organizations: Duke University, CNN, Chile CNN, Nacional Locations: Chilean American, Chile, Durham , North Carolina, Santiago, Texas, Australia, Colombia, California, Hawaii, New York, del Mar, Viña del

☆ Dubai wants to build the biggest airport in the world. Here’s how that’s going
▼ + stars: | 2024-02-29 | by ( Miquel Ros | ) edition.cnn.com time to read: +9 min

To put that in perspective, that’s nearly 63 million more travelers than the world’s current busiest airport, Hartsfield–Jackson Atlanta International, handled in 2022 and nearly 100 million more than Dubai International. philipus/Alamy Stock PhotoThe recent Dubai Air Show, held at a purpose-built venue at Al Maktoum International Airport in 2023, offered some intriguing hints about what’s ahead for DWC – and some insights into Dubai Airports’ long-term strategy. “We have prioritized expansion and investments at DXB to meet our customers’ requirements and plans,” Paul Griffiths, Dubai Airports CEO, tells CNN. Changing the business modelNew artist renderings haven't been released in a decade, but Dubai Airports CEO Paul Griffiths says the team will soon be working on ambitious new designs. It will have capacity for 185 million passengers per year, or almost seven times the number it handled in 2022.

Persons: Al Maktoum, it‘ll, that’s, Hartsfield –, let’s, DWC, ’ Al Maktoum, DWC –, ” Paul Griffiths, ”, Griffiths, ” Griffiths, “, haven't, Paul Griffiths, “ We’re, Mohammed bin Rashid, Nadine Itani, Abu Dhabi’s, Foster Organizations: CNN, Al, Al Maktoum International Airport, Dubai World, Dubai Airports, Dubai International, Al Maktoum International, Hartsfield, Hartsfield – Jackson Atlanta International, Emirates Cargo, UAE, ‘, ’ Al Maktoum International, Dubai Air, Dubai, AFP, Traveller, Emirates, University of Surrey, Hamad International Airport, Kuwait International, Partners, Sharjah International Airport, Air, Riyadh Air Locations: Budapest, Al Maktoum, Dubai, Dubai’s, Eastern Europe, Russia, Central Asia, Emirates, England, India, Middle, Europe, Qatar, Muscat , Oman, Bahrain, Gulf, Kuwait, British, Sharjah, Saudi Arabia, Riyadh, Saudi

☆ War in Ukraine is showing US Army soldiers what they'll need to worry about in future fights, generals say
▼ + stars: | 2024-02-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

But amid the horrors are lessons, two US Army generals recently told Business Insider during an interview at Fort Wainwright in Fairbanks, Alaska. Drones continue to be a dominant element of the war in Ukraine as both Ukraine and Russia ramp up production and development. Before drone warfare became as widespread and prevalent as it is in Ukraine today, troops had smaller ranges to worry about. And the range at which troops need to be able to suppress munitions and long-range capabilities has changed as well. Joshua KleinholzThe use of electronic warfare and sophisticated air defenses in Ukraine, too, has the Army rethinking what future wars could look like.

Persons: Charles Flynn, Cpl, Donte Mathews, Michael Virtue, Brian S, Flynn, they're, Matthew Coutts, Joshua Kleinholz, Eifler, we've, Maj, Demetrius Johnson, it's, haven't Organizations: Business, Army, US Army Pacific, Marine, 11th Airborne Division, Air Force Tech, Joint Pacific Multinational Readiness Center, US Army Locations: Ukraine, Europe, Wainwright, Fairbanks , Alaska, Russia, Russian, Camp Lejeune, N.C, Southwest Asia, Iraq, Afghanistan, Alaska

☆ Trump coopts Navalny’s legacy as a smokescreen for his own legal morass
▼ + stars: | 2024-02-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +7 min

CNN —Alexey Navalny died a political martyr after returning home to confront Russian President Vladimir Putin’s brutal rule. But that’s not stopping Donald Trump from coopting his heroic legacy to suggest false equivalence with his own legal troubles. He offered a tempered tribute to Navalny, before returning to his own false claims of political persecution. There is no world in which Trump and Navalny can be compared. “Instead, Trump said Navalny’s death made him realize how bad America is.

Persons: CNN — Alexey Navalny, Vladimir Putin’s, Donald Trump, Putin, Trump, Navalny, “, …, ” Trump, Joe Biden, “ Trump, ”, he’s, predecessor’s thrall, Biden, Trump’s, CNN’s MJ Lee, Alexey Navalny, ” Biden, America, can’t Trump, Mike Johnson, Volodymyr Zelensky’s, Russia’s, Zelensky, it’s Organizations: CNN, Fox News, Russia, Communist, Fox, Trump, Kremlin, Biden, Republicans, Senate, NATO, White House, Soviet Union, Saturday Locations: Russian, Russia, West Coast, Ukraine, Moscow, Trump’s, America, Avdiivka, Washington

☆ Nvidia gets a $1,200 price target from Loop Capital, 65% above current price
▼ + stars: | 2024-02-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nvidia 's powerhouse run is far from over, according to Loop Capital. Analyst Ananda Baruah initiated coverage of the chipmaker with a buy rating and Wall Street price target high of $1,200, representing 65% upside from Thursday close. NVDA 1Y mountain Nvidia shares over the last year "We're gonna party like it's 1995!" Underpinning Baruah's price target is the belief that Nvidia is at the "front end" of a multiyear cycle as hyperscalers transition to greater graphics processing unit compute. Heightened IT spending and budgets as companies hunt for ways to harness AI as they convert more data to the cloud should also bode well for Nvidia, Baruah said, noting that budgets are expected to increase to 45% from 30% in 2023.

Persons: Ananda Baruah, We're, bode, Baruah, — CNBC's Michael Bloom Organizations: Nvidia, Capital, AMD

☆ United Airlines' CEO is quietly complaining about Boeing after being forced to ground dozens of planes, report says
▼ + stars: | 2024-01-23 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

United has had dozens of Boeing 737 Max 9s grounded since loose bolts were discovered this month. The grounding came after a door plug blew off an Alaska Airlines aircraft mid-flight. Following the incident, the Federal Aviation Administration grounded 171 Boeing 737 Max 9 aircraft for inspections. Inspections at United revealed loose bolts in its Boeing 737 Max 9 aircraft. United on Monday said the company expects a first-quarter adjusted loss of 35 to 85 cents a share due to the Boeing 737 Max 9 grounding.

Persons: Scott Kirby, —, Kirby, Max Organizations: Boeing, Max, Alaska Airlines, Bloomberg, Service, United, Federal Aviation Administration, Monday, Business, Boeing's, FAA, Delta Airlines Locations: Alaska

☆ The housing market will take off in a 2024 renaissance as construction, demand are set to surge, National Association of Home Builders CEO says
▼ + stars: | 2024-01-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewThe housing market is about to exit its slowdown and take off in a new growth period, according to National Association of Home Builders CEO Jim Tobin. AdvertisementThat's partly because mortgage rates have continued their steady decline in recent months. At the same time, prospective buyers are likely warming up to the new norm of 6% mortgage rates, and could be readying themselves to jump back into the housing market, he said. "I think that the world is getting ready to realize that we're no longer going back to those 3%-4% mortgage rates. Improving affordability conditions could cause home sales to jump 5% while home prices decline 1% in 2024, according to Redfin.

Persons: —, Jim Tobin, Tobin, Freddie Mac Organizations: Service, National Association of Home Builders, Business, Yahoo Finance, Mortgage, Association . Housing

☆ Apple antitrust suit could reportedly come as soon as March
▼ + stars: | 2024-01-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The Department of Justice is readying an antitrust case against Apple that could come as soon as March, Bloomberg reported Tuesday, pending signoff from senior officials within the DOJ's antitrust division. DOJ and Apple attorneys have met three times over a potential suit, Bloomberg reported, citing people familiar with the matter. Music streaming platform Spotify lodged a competition complaint with European Union in 2019, alleging that Apple's then-mandatory in-app payments system violated antitrust law. Apple has also been mired in civil litigation filed by Fortnite maker Epic Games, hinging on whether Apple's App Store rules violated federal antitrust statues. A federal judge concluded in 2021 that Apple violated a California law but did not run afoul of federal antitrust statues.

Persons: Tim Cook, Donald Trump, Jonathan Kanter, Lina Khan, Apple's, Apple Organizations: Apple, American Workforce Policy, White, The, Justice, Bloomberg, DOJ, DOJ Antitrust, Federal Trade Commission, Google, FTC, Amazon, Meta, Spotify, European Union, Epic, Circuit Locations: Washington , DC, California

☆ Boeing’s Pile of Problems Gets Bigger as a Crucial Buyer Hesitates
▼ + stars: | 2024-01-15 | by ( Yoko Kubota | Raffaele Huang | ) www.wsj.com time to read: 1 min

Planes operated by China Southern Airlines stood dormant during the 2019 grounding of Boeing 737 MAX jets. Photo: greg baker/Agence France-Presse/Getty ImagesBEIJING— Boeing ’s long-awaited delivery resumption of its 737 MAX jets to China faces fresh delays after the Alaska Airlines incident, as the plane maker was poised to benefit from the thaw in U.S.-China relations. China Southern Airlines , one of several Chinese carriers with undelivered MAX jets, has been readying to receive Boeing’s planes as early as January, people familiar with the matter said. Now the airline is planning to conduct additional safety inspections on those aircraft following the incident, the people said, though the jets to be delivered aren’t the same variant as Alaska’s MAX 9.

Persons: greg Organizations: China Southern Airlines, Boeing, Agence France, Getty, BEIJING, Alaska Airlines, undelivered MAX Locations: China

☆ Boeing Faces Longer Wait to Resume MAX Deliveries in China
▼ + stars: | 2024-01-15 | by ( Yoko Kubota | Raffaele Huang | ) www.wsj.com time to read: 1 min

Persons: greg Organizations: China Southern Airlines, Boeing, Agence France, Getty, BEIJING, Alaska Airlines, undelivered MAX Locations: China

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