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☆ Israel used a weapon it never has before to stop a missile as its enemies put every layer of its air-defense system to the test
▼ + stars: | 2023-11-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Israel has confirmed the first operational use of its Arrow-3 system to intercept an enemy missile. AdvertisementAdvertisementIsrael has confirmed the first operational use of its Arrow-3 system to stop an inbound missile as the country's adversaries test the layers of its sophisticated air-defense network. An "Arrow 3" ballistic missile interceptor is seen during its test launch near Ashdod December 10, 2015. "The Arrow-3 system's capabilities enable longer range, higher altitude (exo-atmospheric), and more precise ballistic missile engagements," it adds. "For the first time, all the aerial defense systems are working simultaneously," the IDF said on Thursday.

Persons: Israel, —, Amir Cohen, It's Organizations: Service, Israel, Israel Defense Forces, Hamas, Center for Strategic, International Studies, REUTERS, Arrow, Patriot, IDF Locations: Iran, Yemen, Israel, Gaza, Washington, Ashdod, Lebanon

Republican Senator Roger Marshall said: "Time is of the essence and it's imperative that the Senate not delay delivering this crucial aid to Israel another day," he said. The House bill would provide $14.3 billion for Israel as it responds to a deadly Oct. 7 attack by Islamist Hamas militants, but also cut the same amount of money from the IRS. "Our allies in Ukraine can no more afford a delay than our allies in Israel," said Senator Patty Murray, who chairs the Senate Appropriations Committee. The White House had said Biden would veto the House bill. Senate leaders are writing their own supplemental funding bill and hope to introduce it as soon as this week.

Persons: Kevin Wurm, Roger Marshall, Joe Biden, Patty Murray, Biden, Patricia Zengerle, Alistair Bell Organizations: U.S, Capitol, REUTERS, Rights, Senate, Republican, Russia, Republicans, Jewish State, Internal Revenue Service, IRS, Democrats, Democratic, Democrat, White, Thomson Locations: Washington , U.S, Israel, Ukraine, China

Twelve Democrats voted with 214 Republicans for the bill, and two Republicans joined 194 Democrats in objecting. Republicans have a 221-212 majority in the House, but Biden's fellow Democrats control the Senate 51-49. To become law, the bill would have to pass both the House and Senate and be signed by Biden. The nonpartisan Congressional Budget Office on Wednesday said the IRS cuts and Israel aid in the House bill would add nearly $30 billion to the U.S. budget deficit, currently estimated at $1.7 trillion. After the vote, Johnson urged the Senate and White House to quickly approve the bill.

Persons: Mike Johnson, Joe Biden, Chuck Schumer, Biden, Schumer, Kay Granger, Nathan Howard, Rosa DeLauro, Johnson, Patricia Zengerle, Makini Brice, Scott Malone, Mark Porter, Alistair Bell, Chris Reese Organizations: U.S . House, Republican, Internal Revenue, Republicans, Israel, Internal Revenue Service, Democratic, Senate, U.S, Capitol, REUTERS, White, Twitter, Thomson Locations: Israel, Iran, Ukraine, Taiwan, Washington , U.S, Gaza City, Kyiv, U.S, Mexico

☆ I'm fleeing Florida after almost 40 years because 'Rolls Royces, Range Rovers and Maseratis took over' and my home insurance skyrocketed
▼ + stars: | 2023-10-29 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

David, 58, had loved the slow pace and friendly community in West Palm Beach, Florida, since 1987. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with David, 58, who is moving to Savannah, Georgia, next year after almost 40 years living in West Palm Beach, Florida. We would drive down to see them, and West Palm Beach held some mystique to me. I spent nearly 40 years in West Palm BeachWhen I first came to West Palm Beach, I moved into this great little area that I fell in love with. I lived in a condo for two years, and then I bought property for $150,000 back in 1989 or 1990.

Persons: David, —, Maseratis, Georgia Wilmington Island , Florida Matthew Propst, we've Organizations: Service, Palm Beach, Insurance Locations: West Palm Beach , Florida, Georgia, Savannah , Georgia, Chicago, Florida, West Palm, Palm, New York, I'm, Georgia Wilmington Island , Florida, Palm Beach, Savannah, Wilmington

☆ Goldman CEO David Solomon moonlighting as a DJ shows how hobbies can help a CEO's reputation — and also how they can backfire
▼ + stars: | 2023-10-18 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Goldman Sachs CEO David Solomon famously had a side hustle as a DJ. Sources told the FT Solomon decided to stop playing at high-profile gigs because of criticism and media attention. AdvertisementAdvertisementUnder the stage name of DJ D-Sol, Solomon has released remixed tracks through his Instagram account and Spotify. AdvertisementAdvertisementAfter becoming CEO, Solomon's DJ side gig drew criticism for blurring the lines between his hobby and his job as Goldman's top executive. Goldman employees were also asked to lend a hand in Solomon's side hustle, with members of the communications department weighing in on press releases announcing Solomon's music and the company's social media team liaising with Solomon's music label, Insider reported in 2022.

Persons: Goldman Sachs, David Solomon, FT Solomon, —, David Solomon's, Kate Kelly, Solomon, Insider's Dakin Campbell, DJ, Goldman Organizations: FT, Service, New York Times, Financial Times, Hamptons

☆ Hamas is testing the layers of Israel's sophisticated air-defense network. Here's how it fends off threats.
▼ + stars: | 2023-10-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Israel confirmed using its David's Sling air-defense system to intercept a Hamas rocket on Friday. Iron DomeIsrael's Iron Dome defense missile system is on alert, stationed close to the southern Israeli town of Sderot on October 12, 2023. Iron Dome has a reported intercept success rate of around 90%, but some inbound threats do manage to break through. US Missile Defense AgencyThe upper layer of Israel's air-defense network consists of Arrow systems. The Patriot is a top US air and missile defense system and is capable of engaging ballistic missiles, cruise missiles, aircraft, drones, and loitering munitions.

Persons: Israel, —, Daniel Hagari, Jack Guez, Tamir, Sebastian Scheiner, Brian Kimball Organizations: Service, Hamas, Israel Defense Forces, country's Missile Defense Organization, Getty, IDF, Iron, Pentagon, Sling Air Defense, Hatzor, Base, Sunday, David's, AP, Interceptor, US Missile Defense Agency, Center for Strategic, International Studies, Arrow, Patriot US Army Patriot, US Defense Department, Tech, Patriot Locations: Israel, Gaza, Sderot, AFP, U.S, Iranian, Lebanon, Finland, Washington, Midia, Romania, US, Ukrainian

☆ RFK Jr's major campaign announcement began with him frantically searching for a copy of his speech because his teleprompter was apparently 'upside down'
▼ + stars: | 2023-10-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

On Monday, Kennedy declared he's running as a independent for President of the United States. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It's not immediately clear what the issue was, but the teleprompter likely had issues as Kennedy complained, "It's upside down." With his speech in hand, Kennedy returned to the stage to continue his announcement. Once a long-shot Democratic presidential hopeful, Kennedy now has his sights set on becoming the first major independent presidential hopeful since environmental activist Ralph Nader in 2000.

Persons: Robert F, Kennedy Jr, Kennedy, he's, —, Cheryl Hines, Kennedy's, It's, Ralph Nader, Hines, Larry David's, Ross Perot, Donald Trump Organizations: Service, RFK, Republican, Democratic Locations: United States, Texas, Kennedy's

☆ In Brazil's Amazon, drought affects locals' access to food and water
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: 1 min

[3/17]Marcelina da Cunha Reis stands on the porch of her house, which is stranded at David's Marina that has been affected by the drought of the Negro River, in Manaus, state of Amazonas, Brazil, September 29. REUTERS/Bruno KellyMANAUS, BRAZIL

Persons: Marcelina da Cunha Reis, Bruno Kelly MANAUS Organizations: REUTERS Locations: Negro, Manaus, Amazonas, Brazil, BRAZIL

☆ 'We're not going anywhere.' David's Bridal's CEO reveals what's next for the company after its second bankruptcy.
▼ + stars: | 2023-09-16 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +11 min

David's Bridal filed for bankruptcy in April and was sold in July to Cion Investment Corp.CEO Jim Marcum is optimistic about David's Bridal's future. David's Bridal filed for bankruptcy in April , the second time in five years. Jim Marcum became the CEO of David's Bridal in 2019. There's been a lot going on with David's Bridal recently. David's Bridal dresses range from $199 to $2,000, Marcum said.

Persons: David's, Jim Marcum, Marcum, that's, Jennifer Ortakales Dawkins, There's, We've, it's, They'd, we've, That's, Randy Brooke, David Bridal, I've, Spencer Platt, Pearl, there's, didn't, they've, We're Organizations: Cion Investment Corp, Service, Signet Jewelers, David's, Walmart Locations: Wall, Silicon, Suez, Baltimore, United States, America

☆ Gen Z is ditching wedding traditions and embracing TikTok trends
▼ + stars: | 2023-08-31 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +9 min

The wedding industry is beginning to see the fallout of this shift away from tradition. That meant "wedding TikTok" — with its dancing groomsmen and videographers turned influencers — was the next best thing. "So it is time for us in the wedding industry to expand the definition of what a perfect day means." Adrienna McDermott spent nine years in the wedding industry before starting a marketing agency for wedding professionals called Ava and the Bee. "It really opened up my eyes for the power of TikTok," Lee said.

Persons: Ashley Klimper, wasn't, videographers, influencers —, who's, Klimper, Jimmy Choo, —, Vishal Joshi, Melanie Breault, She's, Stephanie Kirk, they're, fiancé, they've, Grace Lee, Birdy, Birdy Grey, Lee, Joshi, Joy, Adrienna McDermott, Ava, millennials, Zers Organizations: Service, Signet, expos, Facebook, swatch Locations: Wall, Silicon

☆ Israel: U.S. approved missile defense sale to Finland
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: 1 min

JERUSALEM, Aug 2 (Reuters) - Israel's Defense Ministry said on Wednesday that the United States has approved the sale of a co-developed missile defense system to Finland. The ministry said that having received the green light from Washington, Israel can complete the sale of the advanced air-defense system David's Sling to Finland in a 316 million euros ($345.80 million) deal. The Finnish version of the system will be jointly developed by Israeli and American industries, led by Israel's Rafael Advanced Systems and Raytheon Technologies Cooperation, in partnership with Finnish industries, the ministry said. ($1 = 0.9138 euros)Reporting by Ari Rabinovitch Editing by Steven ScheerOur Standards: The Thomson Reuters Trust Principles.

Persons: Israel's Rafael, Ari Rabinovitch, Steven Scheer Organizations: Israel's Defense, Systems, Raytheon Technologies Cooperation, Thomson Locations: United States, Finland, Washington, Israel

☆ This Harvard dropout and her brother launched a company to conserve liquids in factories
▼ + stars: | 2023-07-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

"As with every family business, everyone is involved in the family business," Annie told CNBC. We grew up in the sector," Annie told CNBC. Zoom In Icon Arrows pointing outwards Annie and David Lu at a Harvard Innovation Labs event, when they were still ideating. As part of this partnership, Unilever tested the H2Ok Innovations solution at its Ben & Jerry's facility in Waterbury, Vermont. "They are exceptionally smart, visionary and courageous — the kind of founders investors dream to back," Iskold told CNBC.

Persons: David, Annie Lu, Annie Lu Annie Lu, Lu, Lu's, hasn't, Annie, David's, David Lu, David Lu They, Sandeep Desai, Desai, Jeff Bussgang, Alex Iskold, doting, Iskold, Dayna Grayson, We've, David giggled, it's Organizations: Harvard, CNBC, H2Ok, Construct, Flybridge, Ventures, Greentown Labs, Forbes, H20k, Harvard Innovation Labs, Unilever, AB InBev, Coca Cola Co, Colgate, Palmolive, Waterbury, Unit, Flybridge Capital, Construct Capital Locations: China, Saskatoon, Canada, Bay, Techstars, Boston, Minnesota, Minneapolis, Waterbury , Vermont, U.S, Brazil, United States, H2Ok

David Torres-Fuentes was 4 years old when he decided to become a clown. David Torres-Fuentes, 23, works as a professional clown and entertainer in Nashville. David Torres-Fuentes decided he wanted to become a professional clown when he was 4 years old. David Torres-Fuentes was born in Mexico and moved with his family to Nashville when he was 6. David Torres-Fuentes hopes to continue performing as a professional clown into retirement.

Persons: David Torres, Fuentes, David, Lucas Mullikin, Jacquelyn, they're, Torres, Roth, they've Organizations: CNBC, Nashville Public Library, Tennessee Performing Arts Center, Nashville Locations: Nashville, Mexico, U.S, Scotland

☆ Retailers Shein and Temu violate U.S. tariff law and evade human rights reviews on imports, House report says
▼ + stars: | 2023-06-22 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — A House committee exploring economic competition between the U.S. and China on Thursday released a damning report connecting retail giants Shein and Temu to a disproportionate number of import violations. Lawmakers argue the tariff violations give Temu and Shein unfair advantages over U.S. retailers. Both companies have faced allegations of human rights abuses: Shein for alleged forced labor in its supplier factories in the Uyghur region and Temu for allegedly failing to develop compliance with the Uyghur Forced Labor Prevention Act, the committee reported. Temu and Shein did not immediately respond to a request for comment on the report. Temu has previously said it is "not the importer of record with respect to goods shipped to the United States," and Shein has denied allegations of forced labor.

Persons: WASHINGTON, Shein, Mike Gallagher, Temu Organizations: U.S, Chinese Communist Party, Nike, Adidas, Uyghur, Labor, U.S . Customs, Wisconsin Republican, House CCP Committee Locations: China, U.S, Wisconsin, United States

☆ The Unabomber died by suicide, AP reports
▼ + stars: | 2023-06-11 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Ted Kaczynski carried out a 17-year bombing campaign that killed three people and injured 23 others. Kaczynski was suffering from late-stage cancer and was found unresponsive in his cell on Saturday. He died by suicide, four people familiar with the matter told The Associated Press. They were not authorized to discuss Kaczynski's death publicly and spoke to the AP on condition of anonymity. Bernie Madoff, the infamous mastermind of the largest-ever Ponzi scheme, died at the facility of natural causes the same year.

Persons: Ted Kaczynski, Kaczynski, —, Jeffrey Epstein, Bernie Madoff, David, Linda Patrik, He's, Daryl Johnson Organizations: Associated Press, Service, Federal Medical Center, AP, Prisons, Harvard, Yale University, The New York Times, Washington Post, FBI, American Airlines, New Lines Institute Locations: Butner , North Carolina, Florence , Colorado, North Carolina, Montana, California, Lincoln , Montana, Chicago

☆ The Unabomber, who terrorized the US in a 17-year bombing spree, died today. In 1996 he was arrested after being turned in by his brother.
▼ + stars: | 2023-06-10 | by ( Emily Cohn | ) www.businessinsider.com time to read: +3 min

His brother David turned him in after reading the terrorist's manifesto. The tip that ultimately helped the FBI find and arrest Kaczynski came from his very own brother, David. "I felt a kind of chill," David recalled at the 2007 lecture. Following the arrest, authorities found a number bombs being built in Ted's cabin, one of which was addressed, intended to be sent to his next victim." After turning his brother in, David Kaczynski became an anti-death penalty activist and was the executive director of New Yorkers Against the Death Penalty from 2001 to 2012.

Persons: Ted Kaczynski, David, —, Kaczynski, David Kaczynki, Ted, David Kaczynski Organizations: Service, FBI, Cornell University, Washington Post, Cornell Daily Sun Locations: Montana, Harvard, Woodstock , New York

☆ Ted Kaczynski, better known as the Unabomber, was found dead in his prison cell
▼ + stars: | 2023-06-10 | by ( Michael Belsamo | Associated Press | ) www.businessinsider.com time to read: +9 min

The infamous Unabomber Ted Kaczynski has died at age 81. "I'm confident that I'm sane," Kaczynski told Time magazine in 1999. David Kaczynski wanted his role kept confidential, but his identity quickly leaked out and Ted Kaczynski vowed never to forgive his younger sibling. Ted Kaczynski was born May 22, 1942, in Chicago, the son of second-generation Polish Catholics — a sausage-maker and a homemaker. His brother fired him and Ted Kaczynski soon returned to the wilderness to continue plotting his vengeful killing spree.

Persons: Ted Kaczynski, David, —, — Theodore, Ted, Kaczynski, Kristie, David's, Linda Patrik, Daniel Boone, Edward Abbey, Henry David Thoreau, Sally Johnson, Hugh Scrutton, Thomas Mosser, Gilbert Murray, Charles Epstein, David Gelernter, Mosser, Susan, Timothy McVeigh, Patrik, Ted Kaczynski's, Susan Swanson, Chicago . Swanson, Clint Van Zandt, David Kaczynski, Swanson, Anthony Bisceglie, Ann Arbor, ___ Balsamo, Derek Rose Organizations: FBI, Service, WASHINGTON, Harvard, of Prisons, Associated Press, Washington Post, New York Times, Industrial Society, Its, American Airlines, Yale University, Oklahoma City, Bennington College, University of Michigan, University of California Locations: Montana, Butner , North Carolina, Florence , Colorado, West Coast, nation's, Lincoln , Montana, California, North Caldwell , New Jersey, Los Angeles, Chicago, America, Ann, Berkeley, Lincoln, Miami

☆ The collapse of the 'unremarkable middle' might be the best way to describe what's going wrong for retailers right now
▼ + stars: | 2023-05-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Stores like Bed Bath & Beyond are an "unremarkable middle," Dennis said on the Remarkable Retail podcast. Fewer middle-income consumers mean a shrinking shopper base for retailers that historically catered to the middle class, Retail Dive reported in 2019. "The apocalyptic part is really about the collapse of the unremarkable middle," Dennis said on the podcast. That's putting new pressure on the "unremarkable middle," Dennis said. "Economic pressure is going to reveal more fragility on the part of many retailers," Dennis added.

☆ In a TikTok world, many wedding traditions don't stand a chance
▼ + stars: | 2023-05-27 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +9 min

☆ Big firms are filing for bankruptcy left and right — and it's just the beginning
▼ + stars: | 2023-05-15 | by ( Joe Ciolli | ) www.businessinsider.com time to read: +4 min

Vice Media headlined a group of seven major companies that filed for bankruptcy in a recent 48-hour period. Fast-forward to the present, when Vice — saddled with liabilities of up to $1 billion — has filed for bankruptcy. Still, an uptick in bankruptcy filings clearly demonstrates increasing economic stress. Retailers from Bed Bath & Beyond to David's Bridal have filed for bankruptcy in recent weeks. Envision Healthcare — a medical-staffing company backed by KKR — was one of the six firms to declare alongside Vice.

☆ How David's Bridal went from bridal-dress domination to the 'Walmart of weddings' and its second bankruptcy filing in 5 years
▼ + stars: | 2023-05-14 | by ( Avery Hartmans | ) www.businessinsider.com time to read: 1 min

But the sale came at a time when the bridal industry was beginning to change. While David's Bridal offered some pricier gowns, it was known primarily for affordable wedding dresses, and the lower end of the bridal market had become saturated. Plus, high-end designers had started to launch their own couture bridal lines and brides were starting to spend thousands of dollars on their dream dress. Anne Cusack/Los Angeles Times via Getty ImagesSource: Los Angeles Times

☆ Bed Bath & Beyond, David's Bridal, Party City, and more: The biggest retail bankruptcies of the past 15 years
▼ + stars: | 2023-05-07 | by ( Hayley Peterson | Leslie J. Allen | ) www.businessinsider.com time to read: 1 min

Bed Bath & BeyondBed Bath & Beyond said it would begin liquidation sales at its stores in April 2023 after filing for bankruptcy. Getty ImagesBed Bath & Beyond filed for bankruptcy on April 23, 2023. The home goods retailer had been limping along for months, closing hundreds of its namesake stores, exiting the Canadian market, winding down its Harmon health and beauty chain, and failing to raise the money it needed to continue operating. It said in April 2023 that it would hold liquidation sales at its remaining 360 Bed Bath & Beyond stores and 120 Buybuy Baby locations.

☆ The makers of Dispo are quietly building a new dating app that uses AI to spark romance — but David Dobrik isn't involved
▼ + stars: | 2023-05-03 | by ( Sydney Bradley | Amanda Perelli | ) www.businessinsider.com time to read: +2 min

The team behind photo-sharing app Dispo is building a new dating app called Teaser AI. Spotted on the Apple App Store, Teaser AI will incorporate AI into online dating. The team behind David Dobrik's photo-sharing app, Dispo, is up to something new: a dating app. Teaser AI, with the tagline "less talk, more action," is an unreleased dating app that will — you guessed it — incorporate AI into online dating. The app also pledges to "ward off catfishing and creeps" by verifying profiles, according to the app store listing.

☆ America's largest jewelry company says ring sales are on the decline as fewer people get engaged
▼ + stars: | 2023-04-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Signet Jewelers said an "engagement gap" in the US is contributing to declining ring sales. Company president Jamie Singleton projected the company needs to grow sales 25% by 2026 to return to engagement levels before the pandemic, CNN reported. According to Signet Jewelers — the largest jewelry company in the US and owner of Kay Jewelers, Jared, and Zales — retailers are suffering from an "engagement gap" that's been about three years in the making. "Engagement jewelry sales were lackluster in fiscal 2023, and we expect them to remain so for the balance of fiscal 2024." Signet Jewelers did not immediately respond to Insider's request for comment.

☆ Jim Cramer: This is what I learned from the real first week of earnings season
▼ + stars: | 2023-04-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

"Simply stated we're in a freight recession." That line, uttered last Monday by Shelley Simpson, president of J.B. Hunt (JBHT), the fourth-largest trucking company in the United States, was the most memorable of the real first week of earnings season. If so, it would know that we're dealing with much more than a freight recession. It's not enough to offset the immense deflationary pressure emanating from the regional banks and the freight recession described by J.B. Hunt. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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