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☆ Israeli forces fired on food convoy in Gaza, UN documents and satellite analysis reveals
▼ + stars: | 2024-02-21 | by ( Katie Polglase | ) edition.cnn.com time to read: +12 min

“A convoy that had food on it, heading to the northern parts of the Gaza Strip. In the wake of the strike on February 5, UNRWA decided to stop sending convoys to northern Gaza. The UN estimates that 300,000 people are still living in northern Gaza, with very little assistance. “Because of the level of desperation in Gaza, people would see an aid convoy, they would come to the aid convoy, take the stuff from the aid convoy,” Touma told CNN. “By the time we get the approval, the aid convoy is empty.”Other routes are impassable due to debris and craters, satellite imagery reviewed by CNN shows.

Persons: ” Juliette Touma, CNN’s, Al Rashid, ” Touma, Thomas White, Tom White, “, ” Janina Dill, it’s, ”, Philippa Greer, COGAT, Abed Zagout, Israel “, Craig Jones, ” Jones, ” Gianluca Mezzofiore, Jennifer Hansler Organizations: UN, CNN CNN, United Nations, CNN, UNRWA, Israel Defense Forces, IDF, Ministry of Health, Al, X, Oxford University’s Institute for Ethics, Law, US State Department, “, Government, Planet Labs, Food, Getty, Palestine Red Crescent Society, Health Organization, International Court of Justice, Newcastle University Locations: Gaza, Israel, Wadi Gaza, Palestinian, “ Israel, Al, Gaza City, Rafah, Egypt, Anadolu, French, Palestine, United Kingdom

☆ Walmart and Amazon face legal trouble for using a points system to track and fire employees over absences: lawyers
▼ + stars: | 2024-02-21 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +18 min

AdvertisementWalmart would not provide details on its points-based attendance system to Business Insider. AdvertisementSimilar to Walmart's policy, Amazon uses a points-based attendance system that could land employees in hot water if they hit eight points in a rolling 60-day period, according to the company. Many companies, including mid-size ones, have started to implement a points-based system to track lateness and absences, Zambrano noted. Amazon disputed the description of its points-based attendance system as totally "automated." "The attendance system works very similar to a standard time clock system," Stephenson, Amazon's spokesperson, told Business Insider.

Persons: Ron Zambrano, Zambrano, Lizzo, Nick Yasman, Yasman, Kelly Hellbusch, Hellbusch, Julio Cortez, Sam Stephenson, Stephenson, There's, Patricia Caputo, " Caputo, Caputo, Artur Widak, Amazon, Caputo wasn't, Mekaliah Torres, Torres, David Wagner, Wagner, Larreon Murphy, Murphy, they're, Elizabeth Gedmark, Gedmark Organizations: Walmart, Trial, Amazon, Business, West Coast, Lawyers, Employees, West Coast Trial, AP, United, Zambrano , West, California's Kern County Superior Court, Superior Court, California's Riverside County Superior Court, California's Sacramento County Superior Court Locations: California, Amazon, New York, Zambrano ,, California's Kern County, California's Fresno, California's Riverside County, California's Sacramento County

☆ A British nuclear missile launch failed for the second time in a row — yet another embarrassment for the Royal Navy
▼ + stars: | 2024-02-21 | by ( Tom Porter | ) www.businessinsider.com time to read: 1 min

A test of the UK's nuclear deterrent failed for the second time in a row. Britain's Ministry of Defence said "an anomaly" occurred during the firing of a Trident missile. It's the latest in a series of embarrassing failings by the UK's Royal Navy. The test firing of a British nuclear missile from a Royal Navy submarine failed for the second time in a row in yet another humiliation for the Royal Navy. Adding to the embarrassment, UK Defense Secretary Grant Schapps was on board the launch submarine, HMS Vanguard, at the time of the botched test in January, the report said.

Persons: Grant Schapps Organizations: Britain's Ministry of Defence, Trident, UK's Royal Navy, Royal Navy, The Sun, HMS Vanguard, Business Locations: British, Florida

☆ Israeli Rape-Crisis Group Report Finds ‘Systematic’ Sexual Violence on and After Oct. 7
▼ + stars: | 2024-02-21 | by ( Adam Sella | ) www.nytimes.com time to read: +1 min

An Israeli organization that supports survivors of sexual abuse released a report on Wednesday that concluded that acts of sexual violence against Israelis during and after the Hamas-led attack on Oct. 7 were “systematic and widespread.”“The report finds that the Hamas attack included brutal acts of violent rape, often involving threats with weapons, specifically directed towards injured women,” said the group, The Association of Rape Crisis Centers in Israel, an umbrella organization of nine such organizations in Israel. The report added that many incidents involved gang rape. “Often, the rape was perpetrated in front of an audience — partners, family or friends — in a manner intended to increase the pain and humiliation of all present,” the report said. The attackers “cut and mutilated sexual organs and other body parts with knives,” the report said. The report asserted that its information and analysis “clearly demonstrates that sexual abuse was not an isolated incident or sporadic cases but rather a clear operational strategy.”

Persons: ”, — Organizations: The Association Locations: Israeli, Israel

☆ American Airlines flight forced to return to Albuquerque after a man tried to open the emergency exit, passengers say
▼ + stars: | 2024-02-21 | by ( Melissa Alonso | Amanda Jackson | ) edition.cnn.com time to read: +3 min

CNN —Multiple people on an American Airlines flight pulled a fellow passenger to the floor after he tried to open one of the emergency exits, forcing the plane to return to Albuquerque, New Mexico, shortly after takeoff, according to multiple passengers. As of Sunday, there have been more than 250 unruly passenger incidents reported to the FAA by flight crews this year, according to the agency. The incident Tuesday began about twenty minutes into the flight, passenger Zach Etkind told CNN. Multiple passengers got the man to the ground and flight attendants restrained him with duct tape and flexi cuffs, Etkind said. And in November, a man on a Southwest Airlines flight opened an emergency exit door and climbed onto the plane’s wing while the aircraft was at a gate in New Orleans.

Persons: Chicago “, ”, Zach Etkind, “, Emma Ritz, ” Ritz, Blaze Ward, KOAT, ” Ward, Etkind, Sunport Organizations: CNN, American Airlines, FAA, KOAT, Albuquerque, Albuquerque Division, Southwest Airlines Locations: Albuquerque , New Mexico, Chicago, ABQ, Canadian, Thailand, South Korea, New Orleans

☆ Putin gave Kim Jong Un a luxury Russian car, deepening their war bromance and ignoring sanctions to do it
▼ + stars: | 2024-02-20 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Putin gifted Kim Jong Un a luxury Russian car, defying UN sanctions. AdvertisementRussian President Vladimir Putin gifted North Korea's leader Kim Jong Un a luxury Russian car, openly defying UN sanctions and strengthening the two leaders' close bond. "North Korea is our neighbor, our close neighbor, and we intend, and will continue, to develop our relations with all neighbors, including North Korea." AdvertisementWPK officials, including Kim Jong Un's sister, Kim Yo Jong, accepted the car on his behalf on Sunday, state news outlet KCNA reported. This wouldn't be the first time Kim Jong Un has gotten around the sanctions.

Persons: Putin, Kim Jong, —, Vladimir Putin, Dmitry Peskov, Kim, Mikhail Svetlov, Peskov, Kim Yo Jong, Kamala Harris Organizations: Service, North, Reuters, Russia's Vostochny, Royce, Maybach, Lexus, Ukraine, Norway's Intelligence Service, US Army, Africa Command, NATO, Munich Locations: North Korea, Russia's, Russia's Vostochny Cosmodrome, Korea, Russia, China, Belarus, Iran, Europe, Ukraine, Africa, Germany

☆ A man managed to board a flight at a London airport without a ticket by tailgating through checkpoints, the 2nd similar incident in 2 months
▼ + stars: | 2024-02-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Read previewA man boarded a plane without a ticket at the UK's second-busiest airport, a second such incident in under two months at London airports. This story is available exclusively to Business Insider subscribers. In a statement shared with Business Insider, Sussex Police, which has jurisdiction over Gatwick, described the event as a "medical incident." The incident is the second time in under two months that a passenger has managed to board a plane at a London airport without a ticket. In December, a British man managed to fly without a passport from London Heathrow Airport to New York.

Persons: —, Craig Sturt, Sturt wasn't, Sturt Organizations: Service, Norwegian Air Shuttle, Business, Gatwick Airport, Police, Passengers, BI, Boeing, Sussex Police, Gatwick, Airport, British Airways, Sun, London's Metropolitan Police Locations: London, London Gatwick, Copenhagen, Denmark, Flightradar24, British, New York

☆ These stocks are a way for regular investors to buy the private credit boom, Morgan Stanley says
▼ + stars: | 2024-02-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Private credit firms can help companies raise money more quickly and with more flexibility than traditional lenders. Many everyday investors can't buy into big private credit funds, but they can get exposure to the space through the stocks of some of the biggest private lenders. Hamilton still sees upside in buying private credit firms, especially one stock. "Our credit and insurance teams had a remarkable year in 2023, with gross returns of 16.4% in the private credit strategies and 13% in liquid credit. There are also private credit firms that trade outside of the U.S., for investors who are able to buy stocks in foreign markets.

Persons: Matthew Bass, Morgan Stanley, Bruce Hamilton, Hamilton, Blackstone, Jonathan Gray, Morgan Stanley's Organizations: Federal Reserve, Companies, Apollo Global Management, APO, KKR, Intermediate Capital Group Locations: Preqin, U.S

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, JetBlue, Disney, Caterpillar, Super Micro and more
▼ + stars: | 2024-02-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley downgrades Oatly to equal weight from overweight Morgan Stanley resumed coverage of the oats company and said it sees too many negative catalysts. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with Tesla despite a slew of negative data points in a recent investor survey. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said it's standing by Nvidia heading into earnings later this week. Morgan Stanley initiates CG Oncology as buy Morgan Stanley said shares of the bladder cancer company are "compelling." "We initiate coverage on Morgan Stanley Direct Lending with a Buy rating and $23.50 PT.

Persons: Morgan Stanley downgrades Oatly, Morgan Stanley, Tesla, Bernstein, Siri, it's, Disney, Ingersoll Rand, Rosenblatt, MSCI's, Goldman Sachs, Wolfe, Piper Sandler, Riley, Grainger, Northcoast, JPMorgan downgrades Holley Organizations: Apple, Nvidia, Disney, RBC, Aerospace, BAE Systems, Caterpillar, SMCI, Deutsche Bank, JetBlue, Alaska Air, ASM, Health, BrightSpring Health, Brunswick Corporation, Barclays, JPMorgan, Mizuho, Oncology, UBS, Morgan, Fund, Seaport, Booking Holdings, " Bank of America, AIG, Bank of America, General Insurance Locations: Silicon Valley, Alaska, Brunswick, MIBS, Texas, Europe, Asia

☆ Young people are flocking to Florida. It's boosting the state's economy, but living there comes with hidden costs.
▼ + stars: | 2024-02-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

Florida, which has long attracted new residents thanks to its beaches and absence of state income tax, is getting an economic boost driven by young Americans seeking new opportunities. AdvertisementYoung people are driving Florida's economic strength. Getty ImagesFlorida's economy is growing thanks to the newcomersFlorida's population surge is driving the state's robust economy and demand for housing. The Sunshine State's economy is projected by Wells Fargo to expand in 2024, propelled by a robust job market. Thanks to the more damaging weather, Floridians paid more for home insurance in 2023 and the second-most for car insurance compared with other states.

Persons: —, Wells, Sean Pavone, Wells Fargo, Taylor Tyson, Miami —, Policygenius, Hurricane Ian, Matias J, Forbes, Michael Bordenaro Organizations: Service, Smart Asset, " Employers, Wells, —, Census, SEC, Miami, Miami Herald, Tribune, Getty Locations: Florida, Florida . Florida, Tampa , Florida, Wells, — New York , California, New Jersey, California, New York, Florida — Jacksonville, Tampa, Hurricane, Miami, St, Petersburg

☆ US Army says it could run out of funding to protect Europe and Africa without Ukraine's aid package
▼ + stars: | 2024-02-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Read previewA US Army official has warned that it could run out of money for essential international global operations if the government fails to provide further funding for Ukraine. The unnamed official told CNN that the Army is spending hundreds of millions of dollars to support Ukraine, including funds that were initially intended to be used as part of the Europe and Africa Command budget. The Senate last week passed a $95 billion emergency defense-aid bill that could support Ukraine, Israel, and Tawain. A spokesperson for the US Army told BI that "it's important we receive money — now." AdvertisementThe Army official told CNN that it "would cease to exist" if funds weren't allocated from another area within the overall budget.

Persons: —, Diego Herrera Carcedo, isn't, Kamala Harris's, Army Christine Wormuth, Peter, Paul, I'm, Wormuth, Kostiantyn, Oleksandr Syrskyi, Trump, Nancy Pelosi, Putin, YURI KADOBNOV Organizations: Service, US Army, Ukraine, CNN, Army, Africa Command, Business, Republicans, US Command, Anadolu Agency, Getty, BI, NATO, Munich, Armed Forces of, Facebook, Norway's Intelligence Service, Sky News, Trump, Morris Air National Guard Base Locations: Ukraine, Europe, Israel, Africa, Ukrainian, Donetsk Oblast, Germany, Ukraine Ukraine, Russia, Avdiivka, Armed Forces of Ukraine, China, Belarus, Iran, North Korea, Helsinki, US Army Europe, Arizona

☆ Boeing isn't bringing any passenger jets to the Singapore Airshow as China's first airliner makes its international debut
▼ + stars: | 2024-02-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Unlike last time round, Boeing isn't bringing any passenger jets to the Singapore Airshow in 2024. Boeing's problems with the 737 Max blowout could help the C919 compete with the big players. AdvertisementBoeing isn't bringing any commercial passenger jets to this year's Singapore Airshow, which starts Tuesday, amid the fallout from the Alaska Airlines blowout. Comac's C919, a narrowbody jet that could eventually compete with the Boeing 737 Max and Airbus A320neo, staged a flyby on Sunday, according to Reuters. Boeing has faced significant criticism and scrutiny since an Alaska Airlines 737 Max 9 lost part of its fuselage in midair last month.

Persons: China's, —, Max, Chris Olin, Olin, Scott Kirby Organizations: Boeing, Singapore Airshow, Service, Alaska Airlines, Airbus, Max, Reuters, CNBC, National Transportation Safety Locations: Singapore

☆ Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025
▼ + stars: | 2024-02-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

A statue of Nintendo's video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan. Bloomberg reported on Saturday that Nintendo had told game publishers that the Switch 2 would be delayed until the early months of 2025, citing people with knowledge of the matter. Shares of Nintendo fell on Monday after a report suggested the launch of the Switch 2, the next version of its flagship gaming console, would be delayed. Nintendo was targeting a release of the console toward the end of this year, but told game makers it could slip into next year, the report said. Analysts who spoke to CNBC earlier this year also said they expected a new Switch console to be launched in the second half of this year.

Persons: Mario Organizations: Nintendo, Bloomberg, CNBC, Analysts, Mario Bros Locations: Tokyo, Japan

☆ Biden administration to reportedly relax EV rule on tailpipe emissions
▼ + stars: | 2024-02-18 | by ( ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden answers questions from reporters after driving a Jeep Wrangler Rubicon Xe around the White House driveway following remarks during an event on the South Lawn of the White House August 5, 2021 in Washington, DC. The shift would mean that EV sales would not need to rise sharply until after 2030. Reuters previously reported that the White House could enact proposed Environmental Protection Agency regulations as soon as March that would mandate dramatic reductions in tailpipe emissions. The administration proposal would require boosting U.S. EV market share to 67% by 2032 from less than 8% in 2023. Automakers and the AAI have urged the Biden administration to slow the proposed ramp-up in EV sales.

Persons: Joe Biden, Biden, Joe Biden's, John Bozzella, Bozzella, Stellantis Organizations: New York Times, Alliance for Automotive Innovation, Reuters, Agency, EV, General Motors, Ford, AAI Locations: Washington , DC, U.S

☆ Trump will likely run out of legal defense funds by summer, report says
▼ + stars: | 2024-02-18 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Donald Trump will likely run out of legal defense funds by summer, Bloomberg reported. The former president faces substantial legal fees as he fights four criminal cases. Earlier this week, a New York judge ordered Trump to pay $355 million in a civil fraud case ruling. AdvertisementFormer President Donald Trump will likely run out of legal defense funds this summer, Bloomberg reported. In 2023, Trump spent $51.2 million on legal costs and has a further $23.5 million available for lawyers' fees — but that source of money will likely dry up around July, the report said.

Persons: Donald Trump, Trump, — Organizations: Bloomberg, Service, Business Locations: New York

ISLAMABAD (AP) — Afghan women feel scared or unsafe leaving their home alone because of Taliban decrees and enforcement campaigns on clothing and male guardians, according to a report from the U.N. mission in Afghanistan. The U.N. mission’s report, published Friday, said the decrees are being enforced through arrest, harassment and intimidation. Photos You Should See View All 33 ImagesOver half of the women interviewed for the report felt unsafe leaving the house without a male guardian, or mahram. Some women said that male relatives were also afraid and reluctant to leave the home with female relatives, as this would expose them to Taliban harassment. It seemed to be a specific goal of the Taliban to frighten women and girls out of leaving their homes, Barr said.

Persons: Heather Barr, Barr Organizations: Qatari, Doha, Virtue Ministry, Human Rights, Associated Press Locations: ISLAMABAD, Afghanistan, Doha

☆ Arlington, Virginia, gave $500 to low-income families no strings attached. It helped them catch up on bills, but many still struggle to afford housing.
▼ + stars: | 2024-02-17 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

For the 10% of households making under 30% of the county's median income, median living expenses are about three times what they earn. AdvertisementCompared to the control group that didn't receive payments, participants had significantly better employment outcomes. While the percentage of employed control group families stayed the same at 74%, the participants’ employment rate jumped from 75% to 87%. When looking only at employed participants, median income rose from $1,573 to $1,900 per month. When factoring in other sources of income, such as Social Security or child support, the control group’s income rose 40% while the participants’ income rose 84%.

Organizations: Service, Arlington Community Foundation, Arlington County Department of Human Services, Business, Economic Research Institute, Security Locations: Washington, Arlington , Virginia, Texas, South Dakota, Arlington, American, Arlington County

☆ OpenAI valued at $80 billion following deal that allows staff to cash out their shares, report says
▼ + stars: | 2024-02-17 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

OpenAI has been valued at $80 billion or more following a new deal, The New York Times reported. The deal allows staff to cash out their shares in the company, per the report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe artificial intelligence (AI) firm OpenAI has completed a deal that valued the business at $80 billion or more, The New York Times reported on Friday, citing three unnamed people with knowledge of the deal. The deal allows OpenAI employees to cash out their shares in the company, the report added.

Persons: OpenAI, —, Andreessen Horowitz, Sam Altman, Sora Organizations: New York Times, Service, Sequoia Capital, K2 Global, Microsoft Locations: San Francisco, Tokyo

☆ A baggage handler at a London airport is in critical condition after being dragged by conveyor belt, report says
▼ + stars: | 2024-02-17 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

A baggage handler was hospitalized after being caught in a conveyor belt, The Sun reported. The incident occurred at London's Heathrow Airport, the report said. The handler's scarf got snagged in the conveyor belt, and she was dragged along. AdvertisementA baggage handler at London's Heathrow Airport is in critical condition after an incident involving a conveyor belt, the British newspaper The Sun reported. It occurred when her scarf got snagged in the conveyor belt, and she was dragged along as she unloaded luggage from a flight operated by Scottish airline Loganair, the report said.

Persons: — Organizations: Sun, Airport, Service, British, Scottish, Loganair, Passengers, Business

☆ Oil prices roughly flat as unclear demand scenario weighed
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: +2 min

Oil prices meandered on Friday as investors pondered slowing demand forecast by an influential group and weak U.S. retail sales data that sparked optimism about U.S. interest rate cuts. Oil prices meandered on Friday as investors pondered slowing demand forecast by an influential group and weak U.S. retail sales data that sparked optimism about U.S. interest rate cuts. The U.S. Commerce Department report showed retail sales dropped 0.8% in January, the biggest fall since February 2023. Economists polled by Reuters had forecast retail sales dipping 0.1%. OPEC on Tuesday stuck to its much steeper growth forecast at 2.25 million bpd.

Persons: Hiroyuki Kikukawa Organizations: Brent, . West Texas, Reserve, U.S . Commerce Department, Reuters, NS, Nissan Securities, International Energy Agency, Organization of, Petroleum Locations: U.S, Paris, East, Lebanon, Gaza

☆ Commercial real estate is in big trouble — and the problems may have major financial fallout
▼ + stars: | 2024-02-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Read previewThe tremors rattling US commercial real estate are spreading to other countries and sectors, and threaten to escalate into a financial earthquake as refinancing deadlines loom. There are growing signs that commercial real estate is in serious trouble. AdvertisementProspective losses, refinancing woes, international contagion, and panic selling combine to create a bleak outlook for the commercial property sector. The catalyst for both the banking and commercial real estate drama is deceptively dry: rising interest rates. AdvertisementMoreover, "Undercover Billionaire" star and real estate tycoon Grant Cardone has hailed the ongoing correction as a rare chance for everyday people to buy "trophy real estate" from institutional owners.

Persons: —, aren't, Barry Sternlicht, Pfandbriefbank, Warren Buffett, Ian Jacobs, Jacobs, Grant Cardone Organizations: Service, Business, Starwood Capital's, Bloomberg, European Central Bank, New York Community Bancorp, Investors, Silicon Valley Bank, Federal Reserve, Wall Street, Berkshire Hathaway, Ares Management Locations: Europe, Silicon, San Francisco, New York City, Manhattan, Los Angeles

BANGKOK (AP) — Shares advanced in Asia on Friday, with Tokyo's benchmark Nikkei 225 index trading near a record high, 35 years after it peaked and then plunged with the collapse of Japan's financial bubble. U.S. futures were lower after stocks on Wall Street set a fresh record following some mixed reports on the economy. It has been hovering just below the record high of 38,915.87 that it set on Dec. 29, 1989, right before a plunge in share and property prices ushered in an era of slower, faltering growth. Taiwan's Taiex edged 0.2% lower a day after breaching a record high of 18,644.57 as major market mover TSMC, the world's biggest computer chip maker, surged nearly 8%. On Thursday, the S&P 500 rose 0.6% to 5,029.73, squeaking past its all-time high set last week.

Persons: Australia's, Shack, Wells Organizations: —, Nikkei, Nvidia, Dow Jones Industrial, Nasdaq, U.S, Treasury, Federal Reserve, Fed, CBRE, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Hong, Seoul, India, Wall

☆ Family offices are going on the offensive, trading cash for alternative assets
▼ + stars: | 2024-02-16 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

KKR's family office survey of 75 chief investment officers around the world found that family offices had 52% of their portfolios invested in alternative investments in 2023, up from 42% in 2022. Family offices also have a special advantage in the current market, since banks and more traditional lenders are pulling back on loans to companies. Family offices plan to continue to move capital from cash and stocks into alternatives this year, according to the survey. The report said family offices are concentrating on data centers, logistics and warehouses "that capture the important post-pandemic investment themes." Another sector family offices like right now: oil and gas, in both private and public markets.

Persons: Robert Frank Organizations: KKR, CNBC PRO

☆ Ukraine Needs $486 Billion to Recover, Rebuild After Nearly Two Years of War - World Bank
▼ + stars: | 2024-02-15 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

That 10-year cost estimate is up from $411 billion last March, with housing needs topping the list at $80 billion or 17%, followed by transport needs of $74 billion or 15%, and commerce and industry at $67.5 billion, or 14%. The new estimate excludes reconstruction needs already met through the Ukraine state budget or through partners and international support. He said the Ukrainian economy had proven remarkably resilient in the face of the war. Four of five firms continued to operate in Ukraine, despite the war, with many relying on digital operations or moving sites to stay in business, he added. The number of internally displaced persons had also gone down to around 3.7 million, compared with 5.4 million in spring 2023.

Persons: Andrea Shalal WASHINGTON, Arup Banerji, Banerji, Andrea Shalal, Jonathan Oatis Organizations: World Bank, United, European Commission Locations: United Nations, Eastern Europe, Donetsk, Kharkiv, Luhansk, Zaporizhzhia, Kherson, Kyiv, Ukraine, Ukrainian

☆ 'The holy grail’: Startup backed by a Nobel laureate vying for a breakthrough on hydrogen storage
▼ + stars: | 2024-02-15 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Picture Alliance | Picture Alliance | Getty ImagesA California-based startup backed by two pioneering scientists, one of whom is a Nobel laureate, believes it is on the cusp of a "quantum leap" in the hydrogen energy race. H2MOF, which was co-founded in 2021, is working to develop a solution for hydrogen storage by deploying the latest advancements in the field of molecularly engineered materials. It says a breakthrough in what it regards as the greatest challenge facing the hydrogen economy is just a matter of time. I would say that in the next couple of years we should be able to make another quantum leap forward. "But I would say that in the next couple of years we should be able to make another quantum leap forward," Yaghi said.

Persons: Fraser Stoddart, Stoddart, Omar Yaghi, H2MOF, That's, Yaghi, H2MOF's, Allen J Organizations: Getty, H2MOF, CNBC, Hydrogen, Los Angeles Times Locations: Germany, California, United States, Japan, Australia, Fountain Valley

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