DIRS.INFO The most relevant business & tech news

☆ Israel is struggling to find and kill the top Hamas commanders it wants most
▼ + stars: | 2024-04-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

The IDF has managed to kill some of Hamas' top commanders, but it continues to hunt down others. AdvertisementMore than six months into its war in Gaza, Israel has little to show for its efforts. Israel has claimed that it has eliminated a significant number of mid- to senior-level commanders of Hamas' military wing, known as the al-Qassam Brigades. Related storiesAll three men were known to be Hamas military operatives, Israel said. AP Photo/Leo CorreaBut several top Hamas military leaders, including those most wanted by Israel, remain at-large.

Persons: —, Marwan Issa, Jake Sullivan, Issa, Israel, Gaza's, Khan Younis, Fatima Shbair Israel, Saleh, Israel's Shin, Ismail Haniyeh, Haniyeh, Leo Correa, Yahya Sinwar, Mohammed, Mohammed Deif, Sullivan, Charlie Herbert, Herbert, Herbert said, Yoav Gallant, Biden Organizations: IDF, White, Service, Israel Defense Forces, AP, White House, Gaza's Hamas, United Nations, Hezbollah, Brigades, Hamas, 162nd Division, Israeli Locations: Israel, Gaza, Qatar, Beirut, Lebanon, Iran, Hamas, Jerusalem, Yemen, NATO, Khan, Rafah, Western

☆ Iran Seizes Commercial Ship Linked to Israel
▼ + stars: | 2024-04-13 | by ( Christopher F. Schuetze | More About Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

Tehran has vowed a retaliatory strike after blaming Israel for an attack on an Iranian embassy building in Syria that killed 12 people, among them top military generals. Iran is a backer of Hamas, Hezbollah in Lebanon and the Houthi rebels in Yemen, but has so far stayed clear of direct involvement. On Friday, President Biden said that he expected Iran to launch a retaliatory attack “sooner than later,” and reiterated that the United States remained committed to the defense of Israel. It was not immediately clear if the seizure of the ship was part of Iran’s promised response to the attack in Syria, but it was not the first time Iran had directly seized a commercial vessel. Before the war in Gaza, the United States said that Iran had “harassed, attacked or interfered” with more than a dozen internationally flagged merchant ships in recent years.

Persons: Eyal Ofer, Israel, Israel Katz, Biden, ”, Iran’s Organizations: MSC, Zodiac Maritime, Zodiac Group, ”, Iran’s Locations: Israel, Tehran, Iranian, Syria, Gaza, Iran, Lebanon, Yemen, United States, Oman

☆ Vessel seized in Strait of Hormuz amid Iran tensions, shipping firms say
▼ + stars: | 2024-04-13 | by ( ) www.cnbc.com time to read: +2 min

A vessel has been seized by "regional authorities" between the United Arab Emirates and Iran, maritime security agencies said on Saturday, days after Iran warned it could close the area to sea traffic. UK Maritime Trade Operations (UKMTO) said the vessel had been seized 50 nautical miles (92 km) northeast of the Fujairah, an area close to the Strait of Hormuz that forms the entrance to the Gulf. Marine tracking sites said the vessel was the MSC Aries of Zodiac Maritime, an international shipping company partly owned by Israeli businessman Eyal Ofer. Reuters could not immediately confirm that and UKMTO said it could not provide more information when asked if the regional authorities were Iran and if the seized vessel was MSC Aries. The United States and Britain have carried out strikes against Houthi targets in response to the attacks on shipping.

Persons: Eyal Ofer, UKMTO, Islamic Revolutionary Guards Corps Alireza Tangsiri, Abraham, Joe Biden Organizations: United Arab, Maritime Trade Operations, ., MSC Aries, Zodiac Maritime, Zodiac, MSC, Islamic Revolutionary Guards Corps, Israel, Abraham Accords, Revolutionary Guards Locations: United Arab Emirates, Iran, Hormuz, U.S, UAE, United States, Gaza, Israel, Lebanon, Syria, Iraq, Yemen, Syria's, Damascus, Tehran, Yemen's Iran, Britain

☆ Iran seizes cargo ship in Strait of Hormuz, Israel goes on high alert
▼ + stars: | 2024-04-13 | by ( ) www.cnbc.com time to read: +5 min

Blaming Israel — which has neither confirmed nor denied responsibility — Iran vowed retaliation. Jordan on Saturday declared its airspace closed, in a possible precautionary move given the likelihood of its territory being overflown by any missiles exchanged by Iran and Israel. On Friday, Biden warned Iran against attacking Israel but said such a scenario could be imminent. On Tuesday, the Revolutionary Guards' naval head, Alireza Tangsiri, said the force could close the Strait of Hormuz, which lies between Iran and the United Arab Emirates, if necessary. The United States and Britain have carried out strikes against Houthi targets in response to the attacks on shipping.

Persons: Israel —, Zodiac, Eyal Ofer, Israel Katz, Joe Biden, Biden, Lloyd Austin, Yoav Gallant, Gallant, Alireza Tangsiri, Abraham, Hasan Alhasan Organizations: Iran's Revolutionary Guards, Hamas, Jordan, Saturday, Guards, Aries, MSC, Gortal Shipping, Zodiac Maritime, House, Iran, U.S . Defense, Pentagon, State, Revolutionary Guards, United Arab, Israel, International Institute for Strategic Studies, MSC Aries, Maritime Information Center Locations: Iranian, Syria's, Damascus, Strait, Hormuz, Israel, Gaza, Lebanon, Syria, Yemen, Iraq, Tehran, Iran, Iran's, State, United States, United Arab Emirates, UAE, Britain

☆ Iranian navy seizes Israel-linked container ship amid escalating tensions in Middle East
▼ + stars: | 2024-04-13 | by ( Adam Pourahmadi | Catherine Nicholls | ) edition.cnn.com time to read: +2 min

Mediterranean Shipping Company (MSC) has confirmed the seizure, saying there are 25 crew on board. Portugal’s government said that it was in touch with the Iranian authorities. The Strait of Hormuz, at the northern end of the Gulf of Oman, is the biggest oil chokepoint in the world. The United Kingdom’s Foreign Secretary, David Cameron, wrote on social media platform X that he had spoken with Israeli war cabinet minister Benny Gantz. The two discussed their “shared concerns about Iranian threats to attack Israel,” Cameron wrote, adding that “further escalation in the region is in no-one’s interest and risks further loss of civilian life.”

Persons: CNN —, IRNA, “, Eyal Ofer, Joe Biden, Daniel Hagari, Israel, David Cameron, Benny Gantz, ” Cameron, ” Organizations: CNN, CNN — Iran’s Revolutionary Guards, Iran’s Revolutionary Guard Corps, Navy, Zodiac, Mediterranean Shipping Company, United, Israel Defense Forces, United Kingdom’s Locations: Israeli, Hormuz, Iran, Syria, Portuguese, Gulf of Oman, Tehran, Iranian, United States, Damascus, Gaza, The Iran, Yemen, Red, Israel

☆ U.S. Intercepts Dozens of Iranian Drones and Missiles Aimed at Israel
▼ + stars: | 2024-04-13 | by ( Gaya Gupta | More About Gaya Gupta | ) www.nytimes.com time to read: +1 min

The United States military said it had shot down dozens of the drones and missiles that Iran fired at Israel on Saturday, as other allies affirmed support for Israel or pledged to help defend it. Rear Adm. Daniel Hagari, Israel’s chief military spokesman, said that Israel had intercepted most of the 200 drones, cruise missiles and ballistic missiles launched by Iran with “some assistance” from its allies. Defense Secretary Lloyd J. Austin III said late Saturday that U.S. forces had intercepted dozens of missiles and attack drones launched at Israel from Iran, Iraq, Syria and Yemen. The United States did not provide further details on its role in intercepting the attacks. In the past six months of war between Israel and Hamas, the United States has countered attacks from Iran’s proxies in the region, including those from the Iran-backed Houthi militia in the Red Sea.

Persons: Daniel Hagari, Israel, Lloyd J, Austin III, Biden, Benjamin Netanyahu Organizations: United, Israel, Defense, Hamas Locations: Iran, Israel, Iraq, Syria, Yemen, United States, Gaza, Red

☆ Riding Rage Over Israel to Online Prominence
▼ + stars: | 2024-04-11 | by ( Steven Lee Myers | Tiffany Hsu | ) www.nytimes.com time to read: +1 min

Jackson Hinkle has cultivated an online persona so incendiary that he has been kicked off YouTube, Twitch and Instagram. Along the way, he has employed false or misleading content, promoted manipulated images and made comments that watchdog organizations have denounced as antisemitic. He calls himself an American patriot even as he praises American adversaries, including Vladimir V. Putin, Xi Jinping and Ayatollah Ali Khamenei. “DROP A LIKE if you stand with IRAN in the face of ISRAELI TERRORISM!” he wrote last week on X after an Israeli airstrike in Syria killed several Iranian military officials. A day later he addressed the Houthi leadership in Yemen over video, praising the group for its attacks on shipping in the Red Sea.

Persons: Jackson Hinkle, Vladimir V, Putin, Xi Jinping, Ali Khamenei, ” Organizations: YouTube Locations: Israel, American, IRAN, Syria, Yemen, Red

☆ US Navy wins against familiar and unprecedented Red Sea threats are being driven by defense decisions it made decades ago
▼ + stars: | 2024-04-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The Navy secretary acknowledged on Wednesday the effectiveness of these systems in the Red Sea. AdvertisementDecisions made decades ago are now defining the Red Sea naval battle unfolding between American forces and the Houthis, the US Navy's top civilian official said on Wednesday, highlighting the long reach of defense decision-making. AdvertisementA view of the USS Gravely destroyer in the southern Red Sea on Feb. 13. AdvertisementThe USS Dwight D. Eisenhower conducts flight operations in the Red Sea on Feb. 23. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.

Persons: —, Navy Carlos Del Toro, Del Toro, Dwight D, Eisenhower, Ike, Carney, MCS2 Aaron Lau, Sabrina Singh Organizations: US Navy, Service, Red, Navy, AP, Aegis, Missile, Nimitz, US, Hornet, Hornets, AIM, Marines, Pentagon Locations: Red, Iran, Yemen, Gulf of Aden, Aden

☆ The US snatched thousands of illegal Iranian guns and gave them to Ukraine to repel the Russians
▼ + stars: | 2024-04-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The US has sent Ukraine guns and ammunition that were intercepted while being smuggled from Iran to Yemen. It's the second time Washington has given Kyiv weaponry that was bound for the Houthis. The haul is helpful for Ukraine, but its forces need more than small arms to fight Russia. AdvertisementThe US has sent Ukraine guns and ammunition that were intercepted over the past few years while being illegally smuggled from Iran to the Houthis in Yemen. AdvertisementIranian weaponry bound for Yemen after it was seized by US forces in January.

Persons: —, Biden, CENTCOM, Volodymyr Zelenskyy Organizations: US, Service, AK, US Central Command, Islamic Revolutionary Guard Corps, United Nations Security, Coast Guard, Command, Russia, Republican, Washington, International Institute for Strategic Studies, Russian Aerospace Forces Locations: Ukraine, Iran, Yemen, Washington, Russia, Tehran, Kyiv

☆ US transfers thousands of seized Iranian guns, rocket launchers and munitions to Ukraine
▼ + stars: | 2024-04-09 | by ( Natasha Bertrand | ) edition.cnn.com time to read: +1 min

CNN —The US transferred thousands of machine guns, sniper rifles, rocket launchers and hundreds of thousands of rounds of ammunition seized from Iran to Ukraine last week, US Central Command announced on Tuesday. CENTCOM said the materiel transferred to Ukraine is enough to equip one Ukrainian brigade — around 4,000 personnel — with small-arms rifles. It is not the first time the US has transferred seized Iranian military equipment to the Ukrainians. The US transferred over one million rounds of seized Iranian ammunition to the Ukrainian armed forces in October, CNN previously reported. For the last year, the Biden administration has been working to legally send the seized weapons, which are stored in CENTCOM facilities across the Middle East, to the Ukrainians.

Persons: CENTCOM, ” CENTCOM, Biden Organizations: CNN, US Central Command, Russia, Congress, Justice, Iranian, US Navy Locations: Iran, Ukraine, Ukrainian, Yemen

☆ An Israeli warship shot down an enemy threat in the Red Sea with a new air-defense weapon for the first time
▼ + stars: | 2024-04-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

The C-Dome is the naval version of the Iron Dome and is outfitted on the Sa'ar 6-class corvette. AdvertisementAn Israeli warship shot down an enemy drone this week by firing a new naval air-defense weapon, marking the system's first-ever operational interception. It hailed the engagement as the "first operational interception" by the warship's C-Dome defense system. "The Israeli Navy is deployed in the area of the Red Sea and has both the defensive and offensive capabilities to engage with regional threats." Toward the other end of the Red Sea, meanwhile, US and allied warships have been defending key international shipping lanes from relentless Houthi attacks since November.

Persons: —, Tamir —, Rafael, Israel's Organizations: IDF, Service, Israel Defense Forces, IAF Aerial Control Unit, Screengrab, Rafael Advanced Defense Systems, Israeli Navy Locations: Israeli, Eilat, Gaza, Iran, Red, Yemen

☆ NATO helicopters are shooting down and eliminating enemy drones in a rarer kind of Red Sea battle
▼ + stars: | 2024-04-08 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Houthi attack drones have mostly been intercepted by US and allied warships in the Red Sea. Air-to-air combat has been much less common, but last month, a French helicopter shot down a drone. One recent interception, however, was credited to a French helicopter crew, which blasted a Houthi attack drone out of the sky in air-to-air combat. AdvertisementPilots are 'well-trained'And the US hasn't been the only naval force to destroy Houthi threats in the Red Sea with embarked helicopters. A Germany Navy Sea Lynx helicopter flies over the corvette Oldenburg in the Baltic Sea on June 05, 2023 near Rostock, Germany.

Persons: —, FRANCOIS NASCIMBENI, Brynn Tannehill, Hawk, Tannehill, Damon Coulter, Dwight D, Eisenhower, Sean Gallup, You've, you've Organizations: US, Red Sea, Service, Helicopters, Getty Images, US Navy, Navy, UH, US Army Black, US Navy Sikorsky, Helicopter Maritime, Naval Air Facility, Getty, aircraft, Command, Germany Navy Sea Lynx, German Bundeswehr Joint Forces Operations Command, BI, Lynx Locations: Red, French, France, Sissonne, AFP, Getty Images France, Iran, Yemen, Kanagawa, American, Hessen, Baltic, Rostock, Germany

☆ U.S. crude oil touches $87, forms 'golden cross' pattern in sign of momentum as Middle East tensions boil
▼ + stars: | 2024-04-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Oil prices have rallied to five-month highs and are on pace for a weekly gain as tensions boil in the Middle East with Israel closing embassies over threats from Iran. U.S. crude and Brent entered a "golden cross" this week, which is when the 50-day moving average outpaces the 200-day moving average. Investors typically view a golden cross as an indication of positive momentum and the potential for further upside. The 50-day moving average for U.S. crude of $79.07 a barrel is slightly outpacing its 200-day moving average of $79.02. Brent's 50-day moving average is $83.74 a barrel, above the 200-day moving average of $83.54.

Persons: Israel, Brent Organizations: The West Texas Intermediate, Brent Locations: Yemen, Saudi, Sanaa, East, Israel, Iran, The, Damascus, Iranian

The Israeli military told CNN it does not comment on foreign reports. CNN cannot verify the Times’ report, nor independently verify the claims from Iran, Syria and Israel. Increasing pressureAs the Middle East braces for a potential Iranian response, Tehran is under pressure to show strength in the wake of the consulate attack while not drawing the region into a wider war. The Lebanese Shia militant group has been embroiled in daily crossfire with Israeli forces for nearly six months. However, Israeli military spokesman Hagari blamed Iran for escalating tensions in the region.

Persons: Mohammed Reza Zahedi, Mohammad Hadi Haji Rahimi, Donald Trump, IRGC, Qassem Soleimani, ”, Israel, Daniel Hagari, “, Israel’s, Syria Hossein Akbari, Nasser Kanaani, Hossein Amir, Abdollahian, d’affaires, Amir, ” Amir, Faisal Mekdad meanwhile, Houthi, Parsi, Zahedi, Bejamin Netanyahu, Hagari, I’m Organizations: CNN, Revolutionary Guards, Foreign Ministry, Israel Defense Forces, New York Times, Hamas, Ministry of Health, Zionist, Iranian Foreign Ministry, Israel, Syrian Foreign, Diplomatic Relations, US, Quincy Institute, Responsible Locations: Iran, Israel, Syria, Gaza, Damascus, Baghdad, Tehran, Lebanese, ” Iran, United States, Quds, Iranian Embassy, Iranian, Islamic Republic, Washington, Swiss, Switzerland, Syrian, Vienna, Iraq, Jordan, Red, Tel Aviv, Jerusalem, Lebanon, Yemen

☆ Global oil price hits seven-month high as Middle East tensions rise
▼ + stars: | 2024-04-02 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The global price of oil rose Tuesday to its highest level in seven months, propelled, in part, by concerns that mounting tensions in the Middle East could crimp supply. Brent crude, the world’s oil benchmark, climbed as much as 1.8% to $89 a barrel, the highest since early September, before paring those gains slightly mid-afternoon in Europe. Meanwhile, West Texas Intermediate crude, the US benchmark, also rose 1.8% to reach a five-month high of $85 a barrel. “You’ve got ongoing Ukrainian attacks on Russian refineries… Houthi attacks on shipping in the Red Sea,” as well as a “general sense that the Middle East is less stable than it was a year ago,” he told CNN. Geopolitical tensionsWriting about higher oil prices Tuesday, Sophie Lund-Yates, lead equity analyst at financial services company Hargreaves Lansdown, singled out escalating geopolitical tensions in the Middle East following an airstrike on Iran’s embassy in Syria Monday.

Persons: Richard Bronze, “ You’ve, ”, Sophie Lund, Yates, Hargreaves Lansdown, Israel, —, specter, Brent, Bill Weatherburn Organizations: London CNN, Brent, West, CNN, Revolutionary Guards, Organization of, Petroleum, Lund, Capital Economics Locations: Europe, West Texas, Brent, United States, Red, ”, Syria Monday, Iran, Syria, Israel, Tehran, Quds, OPEC, Iran’s, Damascus, Gaza, China

☆ Tesla shares fall after deliveries drop 8.5% from a year ago
▼ + stars: | 2024-04-02 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. Tesla doesn't break out sales by model but reported that it produced 412,376 Model 3/Y cars and delivered 369,783. In the fourth quarter of 2023, Tesla reported 484,507 deliveries and production of 494,989 vehicles. Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. The system is marketed as Full Self-Driving but doesn't make Tesla cars autonomous.

Persons: Tesla, Troy Teslike, Martin Viecha, Elon Musk Organizations: Tesla, FactSet, Independent, CNBC Locations: Fremont, Gigafactory, Berlin, China, Shanghai, U.S, North America

☆ Iran and Israel Have a Long History of Clandestine Attacks
▼ + stars: | 2024-04-02 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: +1 min

For decades, Israel and Iran have fought a shadow war across the Middle East, trading attacks by land, sea, air and in cyberspace. Iran has largely used foreign proxies to strike Israeli interests, while targeted assassinations of Iranian military leaders and nuclear scientists have been a key part of Israel’s strategy. Israel’s strike in the Syrian capital, Damascus, that killed three top Iranian commanders on Monday was the most brazen attack in years, raising fears of a wider confrontation. That would be particularly dangerous in a region already in turmoil on multiple fronts, including Israel’s war in Gaza, cross-border skirmishes between Israel and the Lebanese militant group Hezbollah and attacks by Yemen’s Houthi militia against Western interests in the Red Sea. An escalation between Israel and Iran would also risk further entangling the United States, given the presence of American troops in the region.

Persons: Yemen’s Locations: Israel, Iran, Damascus, Gaza, Lebanese, Red, United States

☆ Opinion: Trump videos send wildly different messages
▼ + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.

Persons: Matthew Arnold, Homer, King James, Donald Trump, ”, Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, …, ” Clay, “, Obama, “ Obama, CNN Trump, —, Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, ’, Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, ‘, ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, “, Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia

☆ Now is probably a good time to hedge against downside risk in the stock market. Here are 4 ways you can protect your portfolio — including 2 that are historically cheap.
▼ + stars: | 2024-03-31 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

But with the market at an all-time high, now is probably a good time to hedge against potential downside, experts say. That's especially the case because there's an elevated degree of risk facing stocks, and the cost of some insurance measures is historically cheap. Related storiesThe S&P 500 also looks overextended on a technical basis, according to many measures. AdvertisementRosenberg Research"The definition of a stretched market is one when the S&P 500 gaps 14% or more above the 200-day trendline. Beyond extreme, in fact — back to 1928, the S&P 500 has only drifted this far above the moving average 7% of the time," Rosenberg said.

Persons: Jim Smigiel, they've, Louis Fed, Phillip Colmar, Colmar, David Rosenberg, Rosenberg, Steve Sosnick, we're, Smigiel, Sosnick Organizations: Service, Nvidia, Microsoft, Bank of America's, Survey, Bank of America, SEI, Fed, Louis Fed Inflation, MRB Partners, Rebels, Rosenberg Research, Interactive Brokers Locations: Ukraine, Russia, Israel, Palestine, Suez

☆ See the French warships defeating Houthi missile attacks
▼ + stars: | 2024-03-29 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

Multipurpose frigatesFrench Navy Frigate FS Languedoc transits alongside USS Harry S. Truman during an air and sea power demonstration. US Navy photo by Mass Communication Specialist 3rd Class T'ara TrippThe Languedoc and the Alsace are both multipurpose frigates part of the FREMM family of warships. Under the FREMM initiative, or "European multi-purpose frigate" project, the ships were developed by France and Italy. Initially, 27 FREMM frigates — 17 for France and 10 for Italy — were planned for development with three proposed variants: an anti-submarine variant, a general-purpose variant, and a land-attack variant. These include the lead ship FS Aquitaine, as well as FS Provence, FS Languedoc, FS Auvergne, FS Bretagne, FS Normandie, FS Alsace, and FS Lorraine.

Persons: Harry S, Truman, T'ara Tripp, Italy — Organizations: French Navy, US Navy, Italy, FS, FS Bretagne, FS Normandie, FS Lorraine Locations: Languedoc, Alsace, France, Italy, Aquitaine, FS Aquitaine, Auvergne

☆ Tesla's stock wraps up one of its worst quarters on record as global dominance wanes
▼ + stars: | 2024-03-29 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +11 min

Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.

Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware

☆ Opinion: Why ‘black swans’ are behind the Key Bridge and other shipping disasters
▼ + stars: | 2024-03-28 | by ( Opinion Salvatore R. Mercogliano | ) edition.cnn.com time to read: +9 min

CNN —The allision between the container ship MV Dali and the Francis Scott Key Bridge in Baltimore on Tuesday has prompted numerous questions — not only about how this tragedy occurred, but also about our global shipping processes. This marked the start of a campaign by the Houthis, in support of Hamas in their attack on Israel, against global shipping transiting the Red Sea, Bab-el-Mandeb and the Gulf of Aden. Now, two years later, Baltimore is closed with remains of the Key Bridge athwart the main shipping channel. No one agency has oversight of or coordinates global shipping or ports in the US. There is also no overall maritime strategy for the nation, although the US Department of Transportation, Maritime Administration has been tasked to develop one.

Persons: Salvatore R, Mercogliano, Francis Scott Key, —, Sal Mercogliano Bennett Scarborough, Dali, ”, Jennifer Homendy, Transportation Pete Buttigieg, John Garamendi of, Dusty Johnson of Organizations: Campbell University, Shipping, YouTube, CNN, MV Galaxy Leader, Baltimore, Federal Highway Administration, Transportation, Bethlehem Steel, Department of Transportation, Maritime Administration, US Coast Guard, Army Corps of Engineers, Maryland Department of Transportation, US Department of Transportation, Federal Maritime Commission, Democratic, Republican, Dusty Johnson of South Dakota, Ocean Shipping Reform Locations: Baltimore, Asia, Suez, Los Angeles, Long, Yemen, Israel, Bab, Aden, China, Argentina, Largo, Dali, Sparrows, United States, John Garamendi of California, Dusty Johnson of South

☆ The Baltimore bridge disaster is just the latest knock to global shipping and trade
▼ + stars: | 2024-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Over the past few years, supply chain woes have repeatedly come into the spotlight. Since then, global integrated supply chain systems just seem to keep getting disrupted — be it by the COVID-19 pandemic or Russia's war in Ukraine. The domino effect is due to the "just in time" model that supply chains have been relying on for decades. Here are three key reasons why supply chains just seem to keep screwing up in recent years. Examining ongoing conflicts in the Black Sea and Red Sea respectively shows how geopolitical conflicts affect global supply chains.

Persons: —, they've, Donald Trump, Dali, Francis Scott Key, Project44, Nari Viswanathan, Viswanathan, tailspin, Julie Gerdeman, Trump, Rahul Khanna, Geoff Weiss, Allan Post, Justus Heinrich, Khanna Organizations: Service, Business, Maersk, BI, Shipping, Allianz, Allianz Commercial, Technologies Locations: China, Ukraine, Baltimore, The Port, of Baltimore, Europe, Asia, Iran, Israel, Suez, Good, Africa, Panama, El, Egypt

☆ Another Wayward Container Ship Shows World Trade’s Fragility
▼ + stars: | 2024-03-27 | by ( Peter S. Goodman | ) www.nytimes.com time to read: +1 min

Between swirling geopolitical winds, the variables of climate change and continued disruptions resulting from the pandemic, the risks of depending on ships to carry goods around the planet were already conspicuous. The pitfalls of relying on factories across oceans to supply everyday items like clothing and critical wares like medical devices were at once vivid and unrelenting. Off Yemen, Houthi rebels have been firing missiles at container ships in what they say is a show of solidarity with Palestinians in the Gaza Strip. In Central America, a dearth of rainfall, linked to climate change, has limited passage through the Panama Canal. That has impeded a crucial link between the Atlantic and the Pacific, delaying shipments to the East Coast of the United States from Asia.

Organizations: Atlantic, Pacific Locations: Baltimore, Patapsco, American, Yemen, Gaza, Suez, Asia, Europe, Africa, Central America, Panama, East Coast, United States

☆ Oil holds steady as Ukraine drone strikes, Red Sea crisis cause disruptions
▼ + stars: | 2024-03-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The Charles Eddie, a crude oil tanker owned by Euronav SA, a Belgian shipping company, sails northbound on the Suez Canal in Ismailia, Egypt. Crude oil futures held steady on Tuesday as the wars in Eastern Europe and the Middle East disrupt supplies. Ukraine has escalated its drone strikes against Russian oil refineries, knocking an estimated 900,000 barrels per day of capacity offline, according to Goldman Sachs. The disruptions' impact on crude prices will likely be mixed, with a decline in refinery demand bearish while a potential reduction in Russian oil exports bullish, Goldman noted. The Red Sea disruptions combined with Russian shipping frictions has given crude prices up to a $4 boost per barrel due to larger than expected draws from commercial stocks, according to Goldman.

Persons: Charles Eddie, Brent, Goldman Sachs, Goldman Organizations: Euronav SA, The West Texas Intermediate Locations: Belgian, Suez, Ismailia, Egypt, The, Eastern Europe, Ukraine

Search resuls for: "Houthi"

25 mentions found