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Israel has endorsed three new aid efforts over the past week — a ship carrying food approaching the coast off Gaza; airdrops by foreign countries; and an initial convoy of six trucks crossing directly from Israel into northern Gaza, where aid agencies say hunger is severest, for the first time since Oct. 7. The public signaling from Israeli officials follows increasingly urgent calls from the United States and other allies for Israel to do more to alleviate the humanitarian crisis wrought by its invasion. The United Nations has warned parts of Gaza are on the brink of famine. “There’s a limit to how much opprobrium Israel is willing to take and stand behind and say we are in the right,” she said. Aid organizations and U.N. officials say the new efforts are too small and inefficient to meet the enormous needs of Gazan civilians.
Persons: Dahlia Scheindlin, , Organizations: United Nations, Aid Locations: Gaza, Israel, United States, Israeli
The UK has showcased its new laser weapon, DragonFire. Lasers could prove an effective new form of air defense against military drones. AdvertisementThe UK's Ministry of Defence has released new footage of its laser weapon DragonFire being tested. The UK's new laser weapon, DragonFire, in a video released in March 2024. A DragonFire laser takes out a drone in an animation sequence released by the UK MOD on March 11, 2024.
Persons: , Iain Boyd Organizations: Ministry of Defence, Service, Defence, MoD, MOD, Royal Navy, Center for National Security, University of Colorado Locations: Scotland, China, Israel, Ukraine
It's a developing problem that underscores how "scary" future wars may be, a US Army officer said. Business Insider recently traveled to Fort Sill, where American troops are learning how to defeat this threat. A small drone drops explosives on soldiers below or slams into an armored vehicle and blows up. "You have to assume you're being watched at all times," Lt. Col. Moseph Sauda, a US Army officer training American service members to defeat enemy drone systems, told Business Insider in an interview. AdvertisementA Ukrainian soldier directs a drone during attacks on Russian military positions near Bakhmut on June 28, 2023.
Persons: , Moseph, Sauda, Ercin, Wojciech Grzedzinski, that's, Adam Schultz, Schultz, Jake Epstein Organizations: US Army, Business, Service, Aircraft System, University, Anadolu Agency, Getty, Ukraine, Kyiv, Mechanized Brigade, Army, BI, Ukraine's 60th Mechanized Brigade, Smart, Wisconsin National Guardsmen, Wisconsin National, Pentagon Locations: Fort Sill, Ukraine, Oklahoma, Bakhmut, State, Moscow, Ukrainian, Donetsk Oblast, Russia, Wisconsin
To produce the 2024 lineup, the global listings guide’s network of editors and writers chipped in to make the case for their favorite streets in their respective cities. High Street’s also great for bar hopping, suggests Time Out, highlighting “intimate and exclusive” rooftop bar Gigi Rooftop and buzzing dance spot Francesca’s Bar. Commerical Drive in Vancouver, Canada is number five on Time Out's list of coolest streets. Rua da Boavista in Lisbon, Portugal is number seven on Time Out's list. High Street, Melbourne2.
Persons: company’s, Leah Glynn, Glynn, ” It’s, Gertrude Street, Melbourne’s omnipresence, , Street’s, Marco Finanzio, Gigi, ” Finanzio, , Ben Mathieson, it’s, ” Matheison, Mathieson, Mo Temple, Kenny Dorham’s, Consell, Rua da, Kathy deWitt, Arnaldo Quintela, Consell de Organizations: CNN, Out, Smith, Casa Nata, CNN Travel, Hollywood, Michelin, East Eleventh, Wine Bar, Rua da Boavista, Bikram, Eleventh Locations: Melbourne, Out Melbourne, Australian, Northcote, Thornbury, Preston, Casa, Francesca’s, Vancouver, Canada, Hong Kong, Mo, Austin , Texas, Barcelona, Spain, Lisbon, Portugal, Bikram Yoga, Guatemala, Buenos Aires, Jalan Petaling, Kuala Lumpur, Tokyo, backstreets, Argentina, Malaysia, Rio de Janeiro, Brazil, Japan
And it is claimed it also take out its targets for a tiny fraction of what current air defense missiles cost. In contrast, the Standard Missile-2 used by the United States Navy for air defense costs more than $2 million per shot. The DragonFire laser weapon is tested in January on a British firing range. UK Defense Ministry“It has the potential to be a long-term low-cost alternative to certain tasks missiles currently carry out,” a January statement from the UK Defense Ministry said. Meanwhile expensive air defense systems from Western allies have been crucial to Ukraine’s ability to defend itself from attacks by Russian missiles and drones.
Persons: , , Houthi, Leon Neal, ” James Black, DragonFire, Black, Grant Shapp, Iain Boyd, Boyd, Fred Pyle, ” Shimon Fhima Organizations: CNN, United Kingdom’s Defense Ministry, Defense Ministry, UK Defense Ministry, The Defense Ministry, United States Navy, ExCel, Getty, RAND, , Center for National Security, University of Colorado, Navy, Warfare, Breaking Defense, US Navy, Office, DOD Locations: Britain, Scotland, Ukraine, Gulf of Aden, Russian, London, England, RAND Europe, Ponce, Persian, USS Portland
The Federal Trade Commission announced on Wednesday it is refunding $4.1 million to 27,584 consumers who fell victim to student debt forgiveness scams. Fraudsters "tricked students into paying hundreds to thousands of dollars in illegal upfront fees and pretended to lower consumers' monthly student loan payments," the FTC said in a press release. Additionally, the operators claimed to take over the servicing of consumers' loans and thus, often pocketed consumers' monthly payments, the agency said. Scammers lure student loan borrowers by offering ways to lower their monthly payments or even eliminate their balances. Use these tips to avoid losing money to a student loan scammer.
Persons: Fraudsters, it's, scammer Organizations: Federal Trade Commission, Mission Hills Federal, Federal Direct Group, Data Initiative, FTC, Department of Justice
Researchers have exposed a potential security vulnerability in Meta's VR headsets, a new study says. The so-called "inception attack" allows an attacker to spy on and control a user's VR environment. The headset also had to be in developer mode, which the researchers said many Meta Quest users keep enabled in order to get third-party apps, adjust resolution, and take screenshots. Researchers created cloned versions of the Meta Quest Browser and VRChat app. AdvertisementTo test the inception attack process with real people, researchers had 27 study participants interact with VR headsets while they carried out the attack.
Persons: , Mark Zuckerberg, Zuckerberg, what's, Meta Organizations: VR, Service, University of Chicago, Apple Vision Pro, MIT Technology, Meta, Business
DETROIT – General Motors' long-time head of manufacturing is retiring, and the company has hired a former Tesla and Google executive to fill his shoes. The Detroit automaker said on Tuesday that Gerald Johnson, executive vice president of Global Manufacturing and Sustainability, will pass the baton to Jens Peter "JP" Clausen, a former executive with Tesla, Lego and, most recently, Google. Johnson's departure isn't unexpected after a 44-year tenure with the automaker, however GM also announced another more surprising departure on Tuesday: that of Mike Abbott, executive vice president of software and services. Baris Cetinok, current vice president of product in software and services, has been named Abbott's interim replacement while a search is conducted. The company's board members include former Tesla President of Global Sales and Service Jon McNeill.
Persons: Gerald Johnson, Jens Peter, JP, Clausen, Johnson, Mike Abbott, Abbott, Baris Cetinok, Elon Musk, JB Straubel, Tesla's, Tesla, Gingko Bioworks, Jon McNeill Organizations: Motors, Global Manufacturing, Labor, DETROIT –, Google, Detroit, Sustainability, GM, Apple, Tesla, Softbank, company's, Technology, Global Sales Locations: Warren , Michigan, DETROIT, Nevada, Reno, Zymergen
Lego said its 2023 revenue was 2% higher compared to the previous year, growing to 65.9 billion Danish krone (around $9.65 billion). "It was a difficult year," Lego CEO Niels Christiansen told CNBC. The Danish toymaker said operating profit declined slightly from 17.9 billion Danish krone to 17.1 billion, noting that it had boosted spending on strategic initiatives designed to drive growth. Net profit came in at 13.1 billion Danish krone in 2023, compared to 13.8 billion the previous year. Toy company Hasbro earlier this month said its 2023 revenue fell by 15% compared to 2022 and that it expected to see a further decline this year.
Persons: Lego, Niels Christiansen, toymaker Organizations: CNBC, Toy, Hasbro Locations: China, U.S, Europe
In collecting this data, the firm saw a deterioration in the Dollar General brand last year. As of Monday's close, Dollar General's stock is up more than 57% from a 52-week low of $101.09 reached in mid-October. Their research found that consumers felt the cleanliness of Dollar General's stores, a top five driver of satisfaction, lagged key peers Dollar Tree and Family Dollar, and fell 2% further in February. Until November, shoppers rated Family Dollar and Dollar General's product offerings more or less on a par with each other. In addition to Dollar General's own challenges, all dollar stores are likely being hurt by weaker spending among low income consumers.
Persons: Vasos, what's, Todd Vasos, Jeff Owen, Gordon Haskett, Chuck Grom, Grom, bode, Piper Sandler, Peter Keith, Keith, Morgan Stanley, Simeon Gutman, Gutman, Michael Lasser, Lasser, Matthew Boss, — CNBC's Michael Bloom Organizations: Dollar, DG, Occupational Safety, Health Administration, SNAP, UBS, JPMorgan
I think a lot of times, companies start by immediately bringing in diverse talent. To be able to fill all these future roles — even with AI — you're going to have to tap into diverse talent. I can't just show up at Georgia Tech and expect all the diverse talent to want to come to my organization. A false narrative is the talent just isn't there, or you're too small to attract the talent. Whatever the love language is for your company, grasp that and utilize that to push DEI forward.
Persons: Sharawn Tipton, hasn't, you've, George Floyd, that's, Let's, It's, , That's Organizations: Micron Technology, College, , National Society of Black Engineers, Society of Hispanic Professional Engineers, Georgia Tech Locations: San Francisco, Tech
(AP) — Transportation Secretary Pete Buttigieg has reiterated his concerns about railroad safety and scolded the industry for not doing more to improve since last year's fiery Ohio derailment. In a new letter to the freight railroads' main trade group, Buttigieg acknowledged that railroads say they are committed to safety. But he said too often regulators encounter resistance when trying to get the industry to do more to improve safety. And he said the Federal Railroad Administration's statistics don't show safety improving significantly over the past decade. But Buttigieg said that with two workers killed last year in rail yard accidents he's still concerned about those incidents.
Persons: Pete Buttigieg, Buttigieg, Ian Jefferies, ” Jefferies Organizations: , Federal Railroad, Association of American Railroads, Railroads, Union Pacific, AAR, BNSF, CSX, Canadian National, Norfolk Southern Locations: OMAHA, Neb, Ohio, Palestine , Ohio, U.S, Nebraska, Norfolk Southern, Norfolk, East Palestine
It includes a $3.1 billion funding increase for the Education Department to help student-loan borrowers. AdvertisementPresident Joe Biden's budget wish list is out — and it includes boosted funding to help student-loan borrowers as they continue to navigate the return to repayment. Biden's budget request released on Monday outlines what his administration is seeking to prioritize in the final year of his first term. Additionally, the budget request proposes getting rid of student-loan origination fees, or fees a lender charges for processing a borrower's loan. However, many of the initiatives in Biden's budget request would require congressional approval, and with Republicans holding a majority in the House, it's unlikely it would pass in its current form.
Persons: , Joe Biden's, Education James Kvaal, Pell Grant, Biden Organizations: Education Department, Service, Child, Social Security, Federal, Aid, Federal Student Aid, Education, College Fund, Republicans, Business, Management
Oppenheimer increased its price target on Netflix, calling for upside of nearly 20%. Bernstein, meanwhile, reiterated an outperform rating on Taiwan Semiconductor, noting that margins will fare better than the Street expects going forward. Analyst Stephen Grambling downgraded Hyatt to equal weight from overweight and lowered his price target by $7 to $149. — Pia Singh 5:44 a.m.: Bernstein sticking by Taiwan Semiconductor Taiwan Semiconductor shares are off to a strong start for the year, and Bernstein expects them to continue doing well. The firm raised its price target on them to $150 from $125, implying upside of just 2%.
Persons: Oppenheimer, Bernstein, Morgan Stanley downgrades Hyatt, Morgan Stanley, Hyatt's, Stephen Grambling, Grambling, Hyatt, FactSet, — Pia Singh, Oppenheimer Oppenheimer, Jason Helfstein, Helfstein, Wall, Mark Li, Li, TSMC, 4Q23, — Fred Imbert Organizations: CNBC, Netflix, Taiwan Semiconductor, Hyatt, Taiwan Semiconductor Taiwan Semiconductor, GM Locations: 2H24, U.S, Taiwan
President Joe Biden has proposed expanding free community college across the U.S., and other initiatives to lower higher education costs. Still, the budget reflects the president's policy priorities as he seeks reelection in November. The president's budget builds on those efforts by further addressing the student loan crisis and offering more ways for people to get through their schooling without going into debt. Biden's presumptive Republican opponent, former President Donald Trump, called for slashing the U.S. Department of Education's budget during his term in the White House. In contrast, Biden is requesting additional funding for the agency — $82.4 billion for 2025, a $3.1 billion increase from 2024 — to subsidize educational costs for many Americans.
Persons: Joe Biden, Education Miguel Cardona, Biden's, Donald Trump, Biden Organizations: Education, Finance, Republican, U.S . Department Locations: U.S
Wow, Elon Musk really hates the Oscars
  + stars: | 2024-03-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com   time to read: +1 min
"Winning an Oscar now just means you won the woke contest," Musk said on Sunday. Musk said the awards have been "diluted" and "no longer commands respect." "Winning an Oscar now just means you won the woke contest," Musk wrote on X on Sunday, as this year's award ceremony began. "When an award is diluted, everyone knows, including those who received it, and it no longer commands respect," he said in a subsequent post. Musk did not specify what exactly he thought was "woke" about this year's Oscar-nominated films, which include Greta Gerwig's "Barbie" and Christopher Nolan's "Oppenheimer."
Persons: Elon, Musk, , Oscar, Greta Gerwig's, Christopher Nolan's, Oppenheimer Organizations: Academy, Service
The American Society of Civil Engineers gave it a C-minus in 2021 and said the US needed about $2.6 trillion in infrastructure investment over a decade. These include nonvehicle transportation projects such as pedestrian bridges and urban bike paths and neighborhood-level projects like park improvements. Inflation, worker shortages, and other obstaclesAcross the country, there are some key practical challenges to implementing infrastructure projects. Overcoming barriersLocal governments and employers across the country recognize many of the challenges to building and maintaining major projects. Under the Infrastructure Investment and Jobs Act alone, 72 programs "emphasize or allow some type of workforce development activity," a Brookings report found.
Persons: , Joe Biden, Joseph Kane, Charles Marohn, Marohn, Kane, Drew Angerer, it's, Biden, It's, Greg Gianforte Organizations: Service, American Society of Civil Engineers, Infrastructure Investment, Jobs, Business, Transportation, Brookings Institution, Rail, Potomac, White House, Texas Department, US Department of Transportation, Michigan's, Grant, they're, Biden, Builders and Contractors, Congress, Jobs Act, Brookings Locations: Washington, Strong, Baltimore, Los Angeles, San Francisco, Long, New York, Austin, Austinites, America, Detroit, Brookings, Montana
Beyond the academic argument, whether the Fed cuts interest rates has a significant political bearing this year. Voters are unhappy about higher prices, and they feel weighed down by high interest rates, too. Interest rates may seem abstract, but they can have a real impact on how people view their financial situations. But lowering interest rates should make people feel better about economic conditions and could give Democrats and Biden a boost. He's well aware lower interest rates would boost the economy, lift people's moods, and, ultimately, help the party in charge.
Persons: Jay Powell, — Donald Trump —, Powell, Joe Biden, Patrick McHenry, McHenry, Skanda Amarnath, it's, Larry Summers, Biden, Amarnath, — Trump, Hillary Clinton's, Richard Nixon, Ronald Reagan, Paul Volcker, Volcker, shied, Trump, Elizabeth Pancotti, Sarah Binder, Binder, what's, They've, Diane Swonk, Emily Stewart Organizations: Federal, Trump, Republican, Financial Services, Fed, Roosevelt Institute, George Washington University, Reserve, KPMG US, Business Locations: North Carolina, It's, America, Roosevelt
Hong Kong CNN —China’s consumer inflation turned positive for the first time in six months, largely supported by the Lunar New Year holiday, when a spending boom pushed up prices. The Consumer Price Index (CPI) increased by 0.7% in February from a year earlier, government data showed on Saturday, versus a rise of 0.3% forecast in a Reuters poll. This was the first increase in the inflation rate since August 2023. Last Tuesday, Premier Li Qiang said the government had set this year’s growth target at around 5% and inflation target at 3%. But the key to growth and rising prices will be how Beijing implements its policy to stimulate demand and boost confidence, analysts said.
Persons: , , Zhiwei Zhang, ” Nomura, Price, Li Qiang, Gongsheng, Zheng Shanjie Organizations: Hong Kong CNN —, Index, , People’s Bank of China, Getty, National, ” Citi Locations: China, Hong Kong, Nanjing, Jiangsu province, Beijing
Some Microsoft insiders worry the company's AI strategy has become too focused on its partnership with OpenAI. Insiders say Microsoft is focused less on the internal services that previously made up Azure AI Services and more on the Azure OpenAI service. The Azure OpenAI service has hundreds of developers supporting customers of Microsoft's Azure cloud service who use OpenAI's GPT models. Some Microsoft employees work so closely with OpenAI that they have badges to get into OpenAI's offices, and some OpenAI employees can badge into Microsoft locations. Axel Springer, Business Insider's parent company, has a global deal to allow OpenAI to train its models on its media brands' reporting.
Persons: Eric Boyd, Scott, That's, Frank Shaw, Shaw, Ashley Stewart, Axel Springer Organizations: Microsoft, OpenAI, Business, AI Services, AI Bot
Over half of US owners and renters said housing prices will inform their vote for president, Redfin said. Soaring mortgage rates and prices have made it hard for Americans to buy property. President Biden recently unveiled proposals to boost housing affordability in the US. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . February saw mortgage rates inch back up, reversing course after a period of declines as markets adjusted expectations for rate cuts from the Federal Reserve.
Persons: Redfin, Biden, , Daryl Fairweather Organizations: Service, Qualtrics, Federal Reserve Locations: November's
In contrast, monetary policy refers to actions taken by a country's authority on money — the Federal Reserve in the U.S. — to reach a desired economic outcome. Fiscal policy and monetary policy are implemented independently, even as one impacts the other. Expansionary fiscal policy combined with contractionary monetary policy. Contractionary fiscal policy combined with expansionary monetary policy. Now consider a situation in which the Fed is easing its monetary policy while Washington raises taxes, thus reducing after-tax income.
Persons: it's, we've, Apple, Jim Cramer's, Jim Cramer, Jim Organizations: Federal, White House, nab, Federal Reserve, U.S, CNBC, Treasury, Fed, Companies, Jim Cramer's Charitable Locations: U.S, Washington
"MS' Economics team believes that the announced fiscal package is insufficient to boost the economy as fiscal package remains supply-centric," Wang said. "Policy support for developing advanced production capacity will lead to increased capex in associated value chains like the industrials and IT sectors," the HSBC analysts said. All four stocks are listed in Shenzhen: Inovance — as a seller of factory automation components, Inovance should "benefit from the recovery of the discrete automation market in 2024," the HSBC analysts said. The HSBC analysts expect Innolight to increase its sales of its most advanced product, and introduce an even better product in the fourth quarter. Sanqi Entertainment — HSBC analysts expect this gaming stock can nearly double to 36 yuan a share.
Persons: Steven Sun, Wu Qing, Morgan Stanley, Laura Wang, Wang, Xi Jinping, Michael Bloom Organizations: Beijing, Authorities, HSBC, Finance, Information, Inovance, Naura Tech, Sanqi Entertainment — HSBC Locations: China, HSBC China, Shanghai, Beijing, Chongqing —, Shenzhen
CNN —President Joe Biden signed a package of six government funding bills into law Saturday, a day after lawmakers raced to fund critical government departments and agencies through the remainder of the fiscal year. The White House thanked top congressional lawmakers from both parties “for their leadership” in getting the bills to the president’s desk. The Office of Management and Budget said late Friday that agencies would continue their normal operations and had ceased shutdown preparations after Congress finally passed updated funding legislation. But the work isn’t over yet: Lawmakers still need to finalize and pass a second slate of funding bills ahead of a March 22 deadline. The package also includes funding for rental assistance and other child nutrition programs, including the school lunch program.
Persons: Joe Biden, , Biden, Mike Johnson, , Samantha Waldenberg Organizations: CNN, Republicans, Management, Budget, Agriculture, Commerce, Justice, Veterans Affairs, Energy, Housing, Urban Development, and Drug Administration, House Republicans, WIC, Department of Justice, Biden, ATF, FBI, Biden Administration, Caucus Locations: Transportation, China
But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.
Persons: , Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat
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