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☆ AI darling Nvidia reports after the bell. What Wall Street is watching
▼ + stars: | 2024-05-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street will be keeping close watch on what Nvidia says about demand for its artificial intelligence chips when the market-moving chipmaker reports quarterly results after the bell Wednesday. Nvidia is expected to surpass expectations again, with analysts polled by LSEG calling for earnings of $5.59 per share on $24.65 billion in revenue. "As long as it tops analyst expectations, NVIDIA is likely to remain a key tailwind for the overall U.S. stock market." NVDA 1Y mountain Shares over the last year For multiple quarters, Nvidia has shocked Wall Street with the robust demand for its tools. "We continue to expect a strong beat-and-raise quarter from NVIDIA as Hopper demand remains robust before the Blackwell transition," wrote Morgan Stanley's Joseph Moore.

Persons: they've, Wolfe, Chris Senyek, Hopper, Blackwell, Morgan Stanley's Joseph Moore, Piper Sandler's Harsh Kumar, Rosenblatt's Hans Mosesmann, Baird's Tristan Gerra, Tom O'Malley, Baird's Gerra, Nvidia's Blackwell, America's Vivek Arya, Arya, Timothy Arcuri, Rosenblatt's Mosesmann, O'Malley, Morgan Stanley's Moore Organizations: Nvidia, NVIDIA, Blackwell, Barclays, Bank, America's, UBS Locations: Nvidia's

☆ A woman who won a free Virgin Voyages cruise said she would have to spend $8,000 on flights to claim the prize
▼ + stars: | 2024-05-21 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Read previewAn Australian woman who won a Virgin Voyages cruise said she and her partner would have to pay a combined $8,000 for flights due to a change in the ship's itinerary. In a video shared to Virgin Voyages' Instagram account in November, a flight attendant FaceTimed with Virgin founder Richard Branson to announce the prize. Advertisement"I am pleased to gift each adult on board a free Virgin Voyages cruise," Branson said. Balkrushna Potdar, a marketing lecturer at the University of Tasmania, told ABC that Morgan's story could potentially damage Virgin Voyages' brand. In September 2023, Virgin Voyages announced it had secured $550 million in funding managed by the Private Equity Group of Ares Management.

Persons: —, Morgan, Richard Branson, Branson, Chris Putnam, Balkrushna, Potdar, Scarlet Lady, Ares Management Organizations: Service, Virgin, Australian Broadcasting Corporation, ABC, Business, Virgin Airlines, Virgin Voyages, Independent, Overseas, Miami, Virgin's PR, BI, Voyages, Virgin Australia Group, University of Tasmania, Private Equity Group, Ares Locations: Melbourne, Tasmania, Australia, New Zealand, Brisbane, Red, Quay, Sydney, Europe, Caribbean, San Juan, Tortola, Basseterre, St, John's, Fort, de, France, Castries, Kingstown, Hobart, Ireland, Scotland, Portsmouth, England

☆ Russia's fearsome S-400 air-defense system isn't quite living up to the hype in Ukraine
▼ + stars: | 2024-05-21 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +13 min

Russian S-400 surface-to-missile systems in the Victory Day parade in Moscow's Red Square on i in May 2023. Ukraine in September said it destroyed two Russian S-400 batteries in Crimea, a region annexed by Russia in 2014. Rajan Menon, the director of the Grand Strategy program at the US think tank Defense Priorities, described the S-400 as Russia's "top-of-the-line air defense system." A rocket launches from a S-400 missile system at the Ashuluk military base in Southern Russia in September 2020. A Patriot air defense system test-fired during a training in Chania, Greece, on November 8, 2017.

Persons: —, Fredrik Mertens, John Hoehn, it's, Hoehn, AP Mertens, Mertens, Ian Williams, Mattias Eken, Rajan Menon, Vitaly Nevar, Mick Ryan, you've, DIMITAR DILKOFF, Ryan, haven't, hasn't, KIRILL KUDRYAVTSEV, might've, Eken, Anthony Sweeney, Army Menon Organizations: Service, Business, Hague, Strategic Studies, NATO, SA, International Institute for Strategic Studies, US Patriot, Reuters, RAND Corporation, Ukrainian Air Force, Forbes, Directorate of Intelligence, Ministry of Defence, South Korea Defense Ministry, AP, Patriots, Storm, Missile Defense, Center for Strategic, International Studies, Defense, REUTERS, Australian Army, Getty, Victory Day, Patriot, Army Locations: Russian, Ukraine, Ukrainian, Russia, Moscow, Crimea, Screengrab, Soviet, US, Russia's, Ukraine's Luhansk, South Korea, Kaliningrad, Southern Russia, AFP, Chania, Greece, United States, West, NATO

☆ World’s most expensive feather sells at New Zealand auction
▼ + stars: | 2024-05-21 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +3 min

CNN —A feather from a long-extinct New Zealand bird has set a record after selling for $46,521 NZD (about $28,400 USD), the auction house handling the sale has said. The huia bird feather, which was expected to sell for up to $3,000 NZD ($1,830), smashed the estimate on Monday to become the world’s most expensive feather ever sold, Webb’s Auction House said. For Maori, the bird’s feathers were a mark of high status and the distinctive, white-tipped plumage were used for ceremonial headdresses. A Maori chief wears a huia feather in his hair Bettmann Archive/Getty ImagesEuropean New Zealanders also came to see the huia as a symbol of prestige. “People kind of had a frenzy and decided that everyone wanted a huia feather,” said Morris of the event.

Persons: Leah Morris, Duke, Duchess, York, ”, Morris, Johannes Keulemans Organizations: CNN, Museum, New, Getty, New Zealand, New Zealand’s Ministry for Culture and Heritage Locations: Zealand, Auckland, New Zealand, Zealanders, Dutch

YouTube YouTube TikTok TikTok TikTok TikTok YouTube Visual Investigations How a Haitian Gang Is Trying to Turn Itself Into a Militia Dozens of 5 Segonn members dance in a music video. It’s typically carried by militaries and hasn’t been seen being used before by the 5 Segonn gang. It’s typically carried by militaries and hasn’t been seen being used before by the 5 Segonn gang. A group of 5 Segonn gang members dressed in tactical gear. TikTok TikTok TikTok TikTok YouTube YouTube YouTube TikTok TikTok On social media, Izo often posts videos of himself dancing and drinking.

Persons: hasn’t, Jovenel Moïse, Ariel Henry, Johnson André, TikTok, Izo, They’ve, Gustavo Petro, Moïse’s, Dimitri Hérard, Hérard, Izo’s Organizations: YouTube YouTube, Kenyan, The New York Times, Gang, PORT, PRINCE, Prince Bay Gang, Prince, Global, Transnational, Rights, Human Rights Defence Network, Human Rights, Integrated, YouTube, of, Los Angeles Crips, Toyota, Haitian National Police, Haitian Army, Times, Associated, The Justice Department, State Department, Facebook Locations: Belgian, Haiti, Port, Dominican Republic, Prince Bay HAITI, PRINCE HAITI, U.S, America, Dieu, Izo’s, United States, Colombia, Haitian, South, Central America, Brazil, Latin America, Europe, Izo, Western

For the first time, Sonos is set to launch a pair of wireless headphones. AdvertisementSonos Ace price and preorder detailsThe Sonos Ace are set to launch on June 5. SonosThe Sonos Ace are now available to preorder for $449 from Sonos' online store and Best Buy. Sonos Ace Headphones The Sonos Ace are the brand's first pair of wireless headphones. SonosThe Sonos Ace are packed with all the core features that we've come to expect from a pair of flagship wireless headphones.

Persons: Bose, Ray, Sonos, 1000XM5, Apple AirPods Max, soundbars, we've Organizations: Business, Bose, Sony, Apple, Dolby, Amazon, Sony WH

☆ Why French Oak Barrels Are so Expensive
▼ + stars: | 2024-05-21 | by ( Chris Snyder | Amelia Kosciulek | ) www.businessinsider.com time to read: 1 min

Luxury winemakers producing some of the most expensive wine in the world will pay up to $50,000 for a single barrel to age their wine. But not just any barrel — a foudre. A foudre is a massive wooden vat that impacts and preserves the overall taste of the wine. Making a foudre starts with French oak, a tightly grained wood that adds unique flavoring to the wine. The wood is so precious — and so expensive — that the French government heavily regulates its sales through annual auctions of oak forest plots.

Organizations: Business

We recently got an in-depth look at how mattresses were made on a tour of the 3Z Brands factory in Glendale, Arizona. With the extra capacity, 3Z Brands also makes mattresses for other companies, including Nectar, GhostBed, Allswell, and Nest Bedding. Here's a detailed account of our tour of the 3Z Brands factory and a look into how mattresses are made, from sewing to packaging. AdvertisementConstructing the pocket coilsThe pocket springs found in hybrid mattresses arrive at the factory in huge coils. AdvertisementAssembling the mattressOnce the foam, pocket springs, and mattress covers are ready, it's time to assemble all the components together.

Persons: Brands, James Brains, 3Z, Jaclyn Turner, John Merwin, serging, Jaclyn, Stephen Light Organizations: Business, 3Z Brands, 3Z Locations: Glendale , Arizona, Brooklyn

☆ Nvidia is talk of the town at AI events leading into this week’s earnings
▼ + stars: | 2024-05-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

"We're still really early in the AI build," Niles told CNBC's "Money Matters" on Monday. "If you look at today for the AI build out, who's really driving that?" Lam Yik Fei | Bloomberg | Getty ImagesPrior to the recent AI boom, Nvidia was known as the primary maker of chips used for 3D gaming. That's not to say that Nvidia is at risk of losing a ton of the AI chip business to rivals. Piper Sandler analysts expect it to keep at least 75% of the AI accelerator market, even as companies like Google build their own custom chips.

Persons: Jensen Huang, Josh Edelson, Sundar Pichai, that's, Dan Niles, Niles, We're, CNBC's, Bernstein, Mark Zuckerberg, Huang, Lam, Fei, That's, Piper Sandler, Harsh Kumar, Blackwell, Hopper, Morgan Stanley, Joseph Moore Organizations: Nvidia, Intelligence, SAP Center, Afp, Getty, Google, Blackwell, Microsoft, Meta, Niles Investment Management, Cisco, Apple, Nvidia Corp, Bloomberg Locations: San Jose , California, Redmond , Washington, Taipei, Taiwan

☆ Ukraine says it may have destroyed Russia's last cruise missile carrier based out of Crimea
▼ + stars: | 2024-05-21 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewUkraine's navy claims it has likely destroyed the last of Russia's cruise missile carriers operating out of the crucial Black Sea peninsula of Crimea. If confirmed, it would mean there is no longer a Russian missile carrier based out of the key peninsula, he told the outlet. Russia seized Crimea from Ukraine in 2014, and it is home to Russia's Black Sea Fleet headquarters at Sevastopol. The move came amid Ukraine's ongoing campaign against Russian Black Sea ports and warships, using cruise missiles and drones. In April, Ukraine claimed to have destroyed or damaged a third of the Russian fleet.

Persons: —, Dmytro Pletenchuk, KCHF.ru, Pletenchuk, Radio Svoboda Organizations: Service, Radio Free, Business, Fleet, Black, Russian Telegram, Radio, Russian Locations: Crimea, Russian, Russia, Ukraine, Sevastopol, Radio Free Europe, Crimean, Ukrainian, Novorossiysk

☆ Belle Delphine earned over $90K selling jars of her bathwater in 2019. PayPal only released her money this week.
▼ + stars: | 2024-05-20 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. But PayPal went beyond just shutting down her account. Each jar of bathwater Delphine sold counted as a violation. A PayPal spokesperson said they could not comment on individual accounts but told Business Insider that PayPal dropped its policy on the $2,500 fines about a year ago. Advertisement"If I didn't have any [social media] following, they wouldn't have given my money back," Delphine contended to Business Insider.

Persons: —, Belle Delphine, Delphine Organizations: Service, Business, PayPal

☆ US Navy warships in the Red Sea are fighting off missiles new to combat that are 'way faster' than anything else, destroyer captain says
▼ + stars: | 2024-05-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Since then, the Iran-backed rebels have fired dozens of anti-ship ballistic missiles into the Red Sea and Gulf of Aden. An anti-ship ballistic missile "is just way faster than anything else, Cmdr. Jeremy Robertson, captain of the guided-missile destroyer USS Carney, told reporters during a media event on Monday. The Houthis maintain a sizable arsenal of anti-ship ballistic missiles, according to an analysis by the the International Institute for Strategic Studies think tank. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.

Persons: —, Jeremy Robertson, Carney, MCS2 Aaron Lau, Robertson, we've, Dwight D, Eisenhower, Petty, Bill Dodge, The Carney, Lisa Franchetti, Franchetti Organizations: Service, Navy, Business, US Navy, International Institute for Strategic Studies, Central Command, AP, Israel, Naval, Fleet Locations: American, Iran, Gulf of Aden, Suez, Yemen, Tehran, Washington, Pacific, China, Souda Bay, Greece, Mayport , Florida

☆ Work to Move Cargo Ship That Crashed Into Baltimore Bridge Starts Slowly
▼ + stars: | 2024-05-20 | by ( Campbell Robertson | ) www.nytimes.com time to read: +1 min

Nearly eight weeks after the container ship Dali rammed into the Francis Scott Key Bridge, efforts were underway on Monday to move it back to a berth in the Port of Baltimore. The operation appeared to be off to a slow start, with five tugboats surrounding the giant ship but no official word that the move was underway an hour after its anticipated 5:30 a.m. start. The bridge collapsed on impact, killing six workers doing repairs on the bridge roadway, clogging the waterway with around 50,000 tons of metal and debris, and disrupting the commerce of one of the nation’s key shipping hubs. The salvage and recovery operation has involved more than a thousand workers and scores of barges, cranes, helicopters and Coast Guard cutters. Authorities set a goal of reopening that channel by the end of May.

Persons: Dali, Francis Scott Key Organizations: Coast Guard, Authorities Locations: Port of Baltimore

☆ An artist reckons with the dangerous power of advertising and iconography
▼ + stars: | 2024-05-20 | by ( Abigail Glasgow | ) edition.cnn.com time to read: +8 min

The artist Hank Willis Thomas is pointing to one of the images: of two well-dressed, neatly coiffed men standing atop a cliff. "She's Somewhat of a Drag," a 1959 advertisement Thomas repurposed in his series "Unbranded: A Century of White Women." Across his work, Thomas reframes iconic and mundane imagery to connect viewers to historical moments of resistance and reshape our understanding of who counts in society. Here, a pro-football player appears to face off with an enslaved cotton picker, in Thomas' work "From Cain't See in the Mornin' Til Cain't See at Night." His body of work work reflects the observation — and, perhaps, a warning — that we have moved toward “existing in a society of branded consciousness."

Persons: Hank Willis Thomas, Thomas, Aaron Wessling, Jordan, “, Thomas ’, Drummond, —, ” Thomas, mascara, Jordan Schnitzer, ” Schnitzer, ” Thomas ’, Thomas reframes, Barack Obama, ”, “ I’ve, doesn’t Organizations: CNN, Art, White, White Women, Family, Cotton, Corporate America, Civil Rights, American Express Locations: ”, Oregon, United States, Gorée

☆ Timelapse video shows moment Dali ship is refloated
▼ + stars: | 2024-05-20 | by ( Ellen Rittiner | ) edition.cnn.com time to read: 1 min

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☆ Norwegian Cruise Line CEO says millennials and Gen Z are the 'fastest growing' segment
▼ + stars: | 2024-05-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Norwegian Cruise Line CEO Harry Sommer told CNBC's Jim Cramer on Monday that younger generations are becoming more interested in the company's offerings. "We appeal obviously to older customers, but millennial and Gen Z is the fastest-growing segment of our cruising right now," he said. "They're coming, they're enjoying it, they see the value for the money, but they also appreciate the guest experience." Shares jumped on Monday, closing up 7.56%, after Norwegian raised its full year-guidance. According to Sommer, Norwegian continues to see demand among its target customer base, "middle and upper tier income consumers."

Persons: Harry Sommer, CNBC's Jim Cramer, Sommer Organizations: Cruise Locations: Sommer , Norwegian

☆ California's new 'Honest Pricing Law' will require cruise lines to be transparent about fees
▼ + stars: | 2024-05-19 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewA new California law will force cruise lines to be more transparent about their prices, bolstering a Biden administration crusade against junk fees. Senate Bill 478, also known as the "Honest Pricing Law," will go into effect on July 1. AdvertisementA Carnival Corp. representative told the outlet it would follow guidelines set out by the "Honest Pricing Law." Carnival Corp. is the parent company of brands like Carnival Cruise Line, Princess Cruises, and Holland America. Royal Caribbean cruise ship.

Persons: —, Biden, Bill, general's Organizations: Service, Business, Companies, Royal Caribbean International, Norweigan, The Washington, Corp, Carnival, Princess Cruises, Holland America, Royal Caribbean, Celebrity Cruises, Royal, Carnival Corp, Cruise, Federal Trade Commission Locations: California, Royal Caribbean

☆ More than 250 passengers taken ill after suspected 'vomiting bug' outbreak aboard cruise ship, report says
▼ + stars: | 2024-05-18 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

More than 250 passengers on a P&O cruise ship have fallen ill with suspected norovirus. A source said guests had been "throwing up in public spaces" around the ship. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHundreds of holidaymakers on board a P&O cruise ship have been taken ill with suspected cases of norovirus. The unnamed source said there had been 250 suspected cases in the last four days, adding that guests had been "throwing up in public spaces" around the vessel.

Persons: norovirus, — Organizations: Service, O's, Business Locations: Ventura, Southampton

☆ Arab and Palestinian Americans frustrated, left without commitments to policy change after meeting with Blinken
▼ + stars: | 2024-05-18 | by ( Kylie Atwood | Khalil Abdallah | ) edition.cnn.com time to read: +6 min

The Arab and Palestinian American leaders requested the meeting, which included the heads of five national organizations: the American Federation of Ramallah Palestine, the American Arab Chamber of Commerce, Arab America, the Arab American Institute, and the US Palestinian Council. They went into the meeting already frustrated by the “callous neglect” they say the Arab American community has received from the Biden administration. “I think the administration has ample chances to make real change … and I have not seen change, real change in policy. Elnajjar helped organize for the Biden campaign in 2020 as part of the Arab Americans for Biden. Attendees at the meeting with Blinken made the point that it is not just Arab Americans who Biden is losing, but also allies from other ethnic backgrounds who are standing in solidarity with Arab, Palestinian and Muslim Americans.

Persons: Antony Blinken, Biden, ” Bilal Hammoud, ”, John Dabeet, “, ” Dabeet, ” Hammoud, ” Bilal, Ghada Elnajjar, Elnajjar, she’s, Blinken Organizations: CNN, Palestinian, American Arab Chamber of Commerce, White, Muslim, US Palestinian Council, American Federation of, Arab American Institute, The State Department, Biden Locations: Israel, Gaza, Arab, Palestinian, American Federation of Ramallah Palestine, Arab America, Rafah, American, Palestinian American

☆ Target's Pride looks a lot different after last year's backlash — and some LGBTQ+ insiders are disappointed
▼ + stars: | 2024-05-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewOn Tuesday, members of Target's LGBTQ+ employee resource group logged on for a much-anticipated virtual meeting to preview the 2024 Pride collection, two council members told Business Insider. Last year, Pride products had already been on sale online for weeks by mid-May, and each of the retailer's nearly 2,000 US stores was busy setting up displays near their front entrances. But late last May, conservative protesters took aim at Target's Pride collection, falsely claiming the merchandise was "Satanic" and sexualized minors. However, the two Pride Council members and multiple LGBTQ+ vendors who worked on past Pride collections told BI they feel the company hasn't done enough to rebuild its relationship with its LGBTQ+ partners over the past year. AdvertisementOne of the employees involved in the Pride Council told BI that a lot of LGBTQ+ people, herself included, joined Target specifically because of its stated support for trans and queer rights.

Persons: —, Brand Management Carlos Saavedra, Eager, Dominick Reuter, Erik Carnell, hasn't, Hayley Marzullo, Marzullo, Leslie Garrard, Garrard Organizations: Service, Business, Brand Management, Pride +, Council, Target, Pride Council, Christian Right, BI Locations: —

☆ Under Armour was a real threat to Nike. Now it’s fighting to stay relevant
▼ + stars: | 2024-05-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

It was the upstart athletic brand that was making real inroads against Nike, the dominant name in the industry. People saw it as a company that actually could break through and take market share from Nike among the hardcore athletes,” Swartz said. String of controversiesThe period from 2016 onward is when “things really started to fall apart” at Under Armour, Swartz said. A bulk of Under Armour products are sold through sporting goods retailers and department stores, including Macy’s and Kohl’s, and online. The basketball superstar Curry, arguably the best shooter in history, famously signed with Under Armour instead of Nike in 2013.

Persons: Armour, Stephen Curry, Jordan Spieth, Kevin Plank, Howard Schultz’s, Bob Iger’s, Plank, ”, David Swartz, Morningstar, ” Swartz, Justin Sullivan, Tommy Gilligan, ” Plank, Swartz, “, —, Stephanie Linnartz, ” Schwartz, Andrew Kelly, Merrell, Zak Stambor, Stambor, Plank’s, Noel Celis, Eric Smallwood, Dwayne Johnson, Johnson, ” Smallwood, Smallwood, Curry, Joel Embiid, Embiid, Skechers, Caitlin Clark Organizations: New, New York CNN, Nike, Starbucks, Disney, CNN, Sports, North, Maryland Terrapins, Southern Methodist Mustangs, Capital, Maryland, Reuters, —, Armour, Sports Authority, Sporting Goods, UCLA, US Securities and Exchange Commission, Footwear News, Adidas, NBA Golden State Warriors, UA Curry II, Getty, Apex Marketing, United Football League, NBA, WNBA Locations: New York, San Rafael , California, North America, College Park , Maryland, Manhattan , New York, Petaluma , California, Manila, AFP

☆ The Baltimore Bridge cargo ship’s crew has been stuck on board for 7 weeks. What life is like on the Dali vessel
▼ + stars: | 2024-05-18 | by ( Holly Yan | ) edition.cnn.com time to read: +10 min

Mark Nestlehutt boarded the Dali cargo ship a week after it crashed into a Baltimore bridge, anxious questions emerged among the 21 crew members:“When will I get off the ship? When will I be able to get home?”More than a month later, crew members still don’t know the answers. But the FBI has only returned some of the crew members’ SIM cards, he said. They’re also assisting with the salvors.”The Singaporean-flagged Dali cargo vessel is shown on March 26, hours after it destroyed Baltimore's Francis Scott Key Bridge. Their one-month visas expired during the nearly two months they’ve been trapped on the Dali, Duan said.

Persons: Mark Nestlehutt, They’ve, Dali, Francis Scott Key, ”, Gwee Guo Duan, they’ve, Philip C, Schifflin Jr, ” Schifflin, Nestlehutt, “, Duan, Dave Heindel, Bro Chen Chuanyi, ” Don Marcus, Darrell Wilson, They’re, Baltimore's Francis Scott Key, Julia Nikhinson, ” Wilson, Wilson, Duan –, can’t, “ They’re, ” Duan, nonessential, Schifflin, Gloria Pazmino Organizations: CNN, Francis Scott Key Bridge, FBI, Singapore Maritime Officers ’ Union, Center, Mariner, Federal Register, Seamen’s Church Institute, Singapore Organisation of Seamen, International Union, ”, ITF, International Organization of Masters, Synergy Marine, –, Marine, Synergy, National Transportation Safety, Walmart Locations: Baltimore, Lankan, United States, Dali

☆ Live updates: Israel-Hamas war, Rafah invasion looms, Arab League summit in Bahrain
▼ + stars: | 2024-05-17 | by ( Leinz Vales | ) edition.cnn.com time to read: +1 min

Members of the U.S. Army, U.S. Navy and the Israeli military put in place the Trident Pier, a temporary pier to deliver humanitarian aid, on the Gaza coast on May 16. The content of the ships is inspected in Cyprus, then the aid is moved on the pier by trucks already on the ships to a facility on shore. This is where the UN would oversee the process of loading the aid on local trucks and send the aid to north and south Gaza, the official explained. Since the content was already searched in Cyprus, the UN doesn’t expect much delay at Israeli checkpoints except to inspect drivers’ paperwork. The aid will go to the northern part of the strip on one day and to the south on the next.

Organizations: U.S . Army, U.S . Navy, Trident, . Central Command, Reuters, UN, CNN Locations: Gaza, Cyprus

☆ Yemen's Houthi rebels are menacing ships on the high seas
▼ + stars: | 2024-05-17 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Read previewHouthi militants showed in late April that they can expand their war on international shipping far beyond the Red Sea. AdvertisementHe noted that the Shehab's reported range of 990 miles puts it "well within range" of international shipping. The British-registered cargo ship 'Rubymar' sank in March after it was targeted by Yemen's Houthi forces in the Red Sea. "Once they enter the Red Sea, though, ships can be tracked by spotters ashore or on boats or using mobile Houthi radars ashore. "Nevertheless, with the rate of Houthi advances, and increases in speed, control, and maneuverability in-transit, international shipping could soon prove vulnerable."

Persons: —, Good Hope, Bryan Clark, James Patton Rogers, Rogers, Samad, Yemen's, Mohammed Hamoud, Clark Organizations: Service, MSC Orion, Business, Hudson Institute, Cornell Tech Policy Institute, US, EU, AIS, Orion, Ships Locations: of Africa, Africa's, Good, Red, Ukraine, Israel

☆ Gaza floating pier: US military starts delivering aid through temporary pier
▼ + stars: | 2024-05-17 | by ( Jessie Yeung | Colin Mccullough | ) edition.cnn.com time to read: +1 min

CNN —Trucks carrying humanitarian aid into Gaza have begun moving ashore after arriving through the floating pier built by the US military, according to the US Central Command (CENTCOM). Aid first arrives from abroad to Cyprus, before being brought by ship to a floating platform near the Gaza coast, then finally transported to the floating pier and loaded onto trucks to distribute on land. The new maritime corridor is coming at a critical moment – with the Rafah border closing into Gaza having been closed for more than a week, preventing aid from getting through. The Rafah crossing was the only one between Gaza and Egypt – with all other border points in the strip controlled by Israel. The US State Department warned that only 50 humanitarian aid trucks made it through to Gaza on Sunday, down from hundreds per day in previous weeks, adding that the number is “not nearly enough.”

Persons: CNN —, Brad Cooper, ” Organizations: CNN, CNN — Trucks, US Central Command, US Naval Forces Central Command, US State Department Locations: Gaza, Cyprus, Rafah, Egypt, Israel

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